{"id":48661,"date":"2024-06-20T12:39:23","date_gmt":"2024-06-20T11:39:23","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=48661"},"modified":"2024-06-20T12:39:23","modified_gmt":"2024-06-20T11:39:23","slug":"terra-balcanica-set-to-acquire-100-interest-in-advanced-saskatchewan-uranium-portfolio","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/terra-balcanica-set-to-acquire-100-interest-in-advanced-saskatchewan-uranium-portfolio\/48661\/","title":{"rendered":"Terra Balcanica set to acquire 100% interest in advanced Saskatchewan uranium portfolio"},"content":{"rendered":"
Pursuant to the Agreement, Terra will have the option to acquire a 100% interest in Fulcrum\u2019s Charlot-Neely, Fontaine Lake, Snowbird, and South Pendleton uranium portfolio located in northern Saskatchewan, Canada.<\/p>\n
Collectively, these licences encompass 596.71 km2<\/sup> of highly prospective ground for a uranium discovery.<\/p>\n Terra Balcanica CEO, Dr Aleksandar Mi\u0161kovi\u0107, commented: \u201cIn our pursuit of high-quality assets worldwide, Terra Balcanica has secured an option to acquire a Canadian uranium portfolio covering close to 600 km2<\/sup> with tremendous potential for discovery.<\/p>\n \u201cIn a world transitioning to green energy solutions, the acquisition of these assets provides a more robust and diverse exploration portfolio for Terra.\u201d<\/p>\n He added: \u201cAlthough there has been an increase in activity in the uranium sector, we are at the early stages of a commodity super-cycle and being able to acquire such a large, advanced uranium portfolio on favourable terms was a clear opportunity for our shareholders.<\/p>\nUranium portfolio highlights<\/h3>\n
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