Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) has announced the acquisition of the 10,845-acre ‘Dragon Uranium Project’ adjacent to Cameco Corporation (CCO, CCJ) in the esteemed Athabasca Basin, Saskatchewan, home to the world’s highest-grade uranium deposits.
Dragon Uranium Project Acquisition
Sienna’s strategic move comes as uranium prices soared to a 16-year high, with the company maintaining its focus on lithium while broadening its portfolio into uranium. Jason Gigliotti, President of Sienna, expressed confidence in the acquisition, emphasizing the project’s location in a highly prolific uranium area, which has been pivotal in the mining sector’s performance over the past year.
About Sienna Resources Inc.
Sienna, a significant landholder in Clayton Valley, Nevada, has extended its reach by recently acquiring the ‘Dragon Uranium Project.’ Sienna’s lithium interests include the ‘Elko Lithium Project’ in Nevada, directly neighboring Surge Battery Metals’ ‘Nevada North Lithium Project.’ Furthermore, in Clayton Valley, the company is near the only North American lithium production site at Albemarle Corp’s Silver Peak deposit.
Athabasca Basin: A Premier Uranium Location
With its recent acquisition, Sienna is positioned in an area famed for holding the highest-grade uranium globally, including Cameco’s Cigar Lake, with an impressive average grade of 14.69% U3O8.
Qualified Person’s Approval
Mr. Frank Bain, PGeo, has validated the scientific and technical details in this announcement, complying with National Instrument 43-101 standards.
For further details on Sienna’s growth and acquisition strategies, please reach out to the company through the provided contact channels.
Sienna Resources Inc.
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