Triton Uranium eyes 46.5 million pound resource at Atlas project in Saskatchewan
The Atlas project is located in Saskatchewan's Uranium City, an area which has been dormant for 44 years.
Canadian uranium exploration firm Triton Uranium has revealed that its Atlas project in Saskatchewan, Canada, boasts a resource potential of up to 46.56 million pounds of low-grade uranium. This estimation was arrived at after four technical reports were finalized, detailing the low-grade, open-pit uranium presence across various parts of the property.
The most significant resource, the Red Rock deposit, is expected to yield 276,702 tonnes of uranium grading 0.087% U₃O₈, equivalent to about 531,052 pounds. Additionally, an Inferred Mineral Resource of 20,946 tonnes grading 0.060% U₃O₈ is present, containing approximately 27,840 pounds of the sought mineral. The Atlas Project sits within the Beaverlodge Uranium district, known for producing 77.8 million pounds of U₃O₈ to date.
The vicinity of the project area is rich with historical uranium mining sites such as Ace-Fay-Verna, Dubyna, and Cinch – Cenex. Triton Uranium aims to breathe new life into the dormant Uranium City area of Saskatchewan, a region set to become a key player in providing a stable, North American uranium supply. This ambition aligns with Canada's and the US's drive to reinforce their critical minerals supply chain.
The nuclear industry is witnessing a resurgence, with governments and utilities seeking to secure dependable domestic uranium sources to fuel their nuclear expansion plans, while reducing risk exposure. Triton's exploration efforts have been robust, including an airborne radiometric survey that identified promising targets covering 11,035 meters of strike or area.
These findings are currently being investigated through a 10,000-meter drill program, with more drilling slated for the upcoming winter 2026/2027 season. Triton's strategy relies on leveraging the region's historical mining data, integrating it with contemporary extraction and processing methods. The company projects that its infrastructure-ready model will expedite permitting procedures and shorten construction phases compared to new, remote developments.
Once fully operational, the Atlas project will be the sole low-cost, open-pit uranium mine on the continent. Triton Uranium's president, Scott Evans, highlighted the importance of Canada's nuclear power growth, emphasizing Saskatchewan's potential as a reliable uranium supplier for both Canada and the United States.
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