Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) has announced the strategic acquisition of the 10,357-acre Uranium Town Project adjacent to Denison Mines Corporation in Saskatchewan’s Athabasca Basin, home to the world’s highest-grade uranium deposits.
Key Acquisition in Athabasca Basin
Sienna Resources has added to its impressive landholdings with the new Uranium Town Project, which shares a border with Denison Mines Corporation’s high-grade uranium fields. This region consistently ranks as one of the top mining jurisdictions, with the Athabasca Basin hosting exceptionally high-grade uranium resources.
Sienna’s Continued Growth Strategy
Following the recent procurement of the Dragon Uranium Project on January 17, 2024, Sienna’s President Jason Gigliotti expressed enthusiasm for the second addition to Sienna’s uranium assets. He emphasized the company’s commitment to enhancing shareholder value through the acquisition of promising projects in mining-friendly areas. With substantial capital at hand, Sienna plans vigorous engagement in the uranium market.
Expansion of Lithium Holdings
Sienna has also expanded their Elko Lithium Project in Nevada, encompassing the Blue Clay Lithium Project, the Silver Peak South Project, and the deeper Clayton Valley Deep Basin Lithium Project. This expansion solidifies Sienna’s position in strategic lithium production zones in North America, with particular focus on the NeoLith Energy pilot plant’s upcoming results, which could significantly influence brine prospects in the area.
Mr. Frank Bain, PGeo, confirms the technical disclosure within this announcement as a qualified person defined by National Instrument 43-101.
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