Clean Commodities Corp. on Jan. 19 said it secured an advanced and drill-ready uranium exploration project in Newfoundland and Labrador.
The project, called Labrador, hosts 15 of 16 uranium prospects identified by Altius Minerals Corp. on ground formerly contained within their Notakwanon project, plus an additional prospect on tenure formerly held by Ucore Rare Metals Inc.
Mineralization at the Labrador project is interpreted to be shear zone-hosted, resembling the basement-hosted uranium mineralization found in Saskatchewan's Athabasca Basin.
The company acquired the Labrador project via map designation and is registered within the pending phase of acquisition, with tenure ownership expected to be processed shortly.
It was acquired at a cost equating tenure license costs plus a 2% royalty to an arm's-length party.