Lost Soldier Project – Great Divide Basin, Wyoming
Our Lost Soldier uranium project is located approximately 14 miles (22.5 kilometers) to the northeast of the Lost Creek Project. Lost Soldier has over 3,700 historic drill holes defining 14 mineralized sandstone units. We maintain 105 unpatented mining claims at Lost Soldier, totaling approximately 1,925 mineral acres. We anticipate that further technical work on Lost Soldier will continue to be completed as we expand exploration and development of projects outside the Lost Creek Property and Shirley Basin areas.
Lucky Mc Mine Site - Gas Hills Mine District, Wyoming
As a part of the Pathfinder Mines acquisition in 2013, we now own the Lucky Mc mine site in the Gas Hills mining district of Wyoming, from which Pathfinder and its predecessors historically produced more than 46.7 million pounds of uranium, primarily from the 1960s through the 1990s. Pathfinder’s predecessors included COGEMA, Lucky Mc Uranium Corporation, and Utah Construction/Utah International. Lucky Mc conventional mine operations were suspended in the 1990s due to low uranium pricing, and facility reclamation was substantially completed.
Excel Gold Project – Excelsior Mountains, Nevada
Our first gold exploration project is the Excel Project, located in west-central Nevada. The project currently comprises 114 federal lode mining claims (approximately 2,600 acres). The project is located within the Excelsior Mountains, in proximity to the Camp Douglas and Candelaria Mining Districts. We identified the mineral potential of this project area from exploration data acquired through our purchase of Pathfinder Mines. Historic exploration programs conducted by Pathfinder in the area of the Excel Project encountered high-grade gold and silver assays. Our initial land acquisition activities were complete in 2018, after which rock sampling and geochemical soil sampling programs were conducted. Since securing the land position, we have conducted additional work at the project on a time-to-time basis and expect to continue to sample and conduct additional exploration activities.