01:16 PM EDT, 09/18/2024 (MT Newswires) -- Stallion Uranium ( STLNF ) said Wednesday it staked 10 new prospective uranium mining claims in the Athabasca Basin region of northern Saskatchewan.

The new claims will make up the company's Stone Island Project, covering 9,993 hectares and further bolstering Stallion's land package in the prolific southwestern Athabasca Basin.

The new dispositions are contiguous to the Western Athabasca Basin JV Project shared by Stallion and Atha Energy (SASK.V).

"Highly prospective land in the Athabasca basin very rarely becomes available," chief executive Drew Zimmerman said in a release. "We are fortunate to have been able to stake such a large land package in a very competitive area. These newly acquired claims are geologically prospective and strategically located along our existing land package allowing Stallion to more easily integrate the project into our proven exploration funnel."

The company's shares were last seen up $0.005 to $0.08 on the TSX Venture Exchange.

Price: 0.08, Change: +0.01, Percent Change: +6.67