UEX Corporation has made significant advancements in the discovery and development of existing and new uranium and cobalt deposits in the Athabasca Basin. The company has four flagship projects.
Our mission is two-fold:
Our first objective is to double our uranium resources inventory in advance of the inevitable upswing in uranium prices that will be needed to sustain the primary uranium produced resulting from the current rapid global growth in nuclear power.
Second, UEX is advancing the West Bear Cobalt-Nickel Prospect with the goal of enhancing shareholder value through our 100% owned subsidiary, CoEX Metals Corporation.
UEX will achieve our mission through making new discoveries, by making timely acquisitions, and by using innovative techniques and methods.
The West Bear Cobalt-Nickel project is a shallow, open-pit amenable and very high-grade cobalt-nickel deposit in the eastern Athabasca Basin that remains open in all directions for expansion. It ranges from 15 – 55 m in vertical depth and is hosted in clay-altered rocks that extend into the basement below the unconformity.
The Christie Lake property in the eastern Athabasca Basin is located only 9 km northeast and along strike of the McArthur River Mine, the world's largest uranium mine. The property is host to significant historical uranium resources within three known deposits, including the newly discovered Ōrora Zone, located along the under-explored mineralized 1.5 km long Yalowega Trend. UEX has an option to earn up to a 70% interest in the project from JCU (Canada) Exploration Company Limited, and currently holds 45% interest in the project.
The Horseshoe and Raven Deposits located in the eastern Athabasca Basin are in close proximity to existing mining infrastructure, roads, and power. UEX is currently evaluating the use of heap leach recovery to improve the economics of these very shallow conventional open pit and underground amenable deposits.
The Shea Creek property is host to one of the largest undeveloped uranium resources in the Athabasca Basin. The Shea Creek Deposits remain open for expansion and were the first of the new wave of discoveries in the newly emerging Western Athabasca Uranium Camp.