12:08 PM EST, 03/03/2025 (MT Newswires) -- Nuclear Fuels ( NFUNF ) Monday said it acquired the TenSleep Uranium Project in Wyoming

The company said the TenSleep Project displays geological characteristics similar to the deposits in Saskatchewan's prolific Athabasca Basin rather than the typical roll front sandstone-hosted uranium deposits of the United States.

The company is currently developing an exploration program with drilling planned for late 2025 or early 2026.

"The fact that uranium mineralization at TenSleep occurs in a geological setting similar to the very high grade unconformity-hosted uranium ore bodies in Saskatchewan's Athabasca Basin, yet has never been explored with this model in mind, presents an excellent opportunity for the discovery of an exciting new type of potentially In-Situ Recovery-amenable uranium in Wyoming," said chief executive Greg Huffman.

The company's shares were last seen down $0.01 to $0.26 on the Canadian Securities Exchange.

Price: 0.26, Change: -0.01, Percent Change: -3.70