Canada: Oberon Uranium expands portfolio with acquisition of mineral claims in Saskatchewan

Oberon Uranium Corp. strengthens its portfolio with Carbon Markets Inc. acquisition of three mineral claims in Saskatchewan, enhancing its assets in a region rich in uranium reserves.

Oberon Uranium Corp. has bolstered its mining portfolio with the acquisition of Carbon Markets Inc., securing ownership of three mineral claims in Saskatchewan, including areas adjacent to historical uranium mines. The acquisition, valued at $880,000, will be settled through the issuance of 17.6 million common shares of Oberon. This strategic maneuver amplifies Oberon’s asset foundation in a region renowned for substantial uranium reserves, with the transaction slated to conclude by April 5, 2024.

These claims encompass areas surrounding the historic Leonard Mine, St. Michael Mine, and adjacent to the past-producing Smitty Mine. The deposits here consist of pitchblende forming in various geological formations.

Oberon Uranium Corp. is a mineral exploration company with a 100% interest in the past producing Lucky Boy Uranium Property located in Arizona, USA. Oberon also owns a 100% interest in the Fusion Uranium Zone Project located in the Athabasca Region of Saskatchewan, Canada.