Mining is planned to restart at the McClean North deposit in 2025, with a target production of 800,000 pounds of uranium that year.

The company will incorporate the 30.1-sq.-km of PW property claims into its Broach Lake property.

This year’s event welcomed five eminent personalities: William Roscoe and John Postle, David Bell, Ross Lawrence, and Eric Sprott, into the esteemed ranks of the CMHF.   

Uranium oxide prices are up 15% so far this month to their highest since November 2007 at $106 a pound.

The PEA pegs the project’s post-tax net present value (at 8% discount) at $239 million.

The Sprott Uranium Miners ETF has climbed 16% to start the year, ahead of the S&P 500 Index.

The cash is expected to offer more than enough funding for a field pilot at the Kindersley lithium project.

First production is expected during August of this year and will be funded with existing cash on the company's balance sheet.