URZ3 Energy Corp. (“URZ3” or the “Company”) has announced the staking of mineral claims covering approximately 890 acres in Wyoming’s uranium-rich Powder River Basin, the Newswire reports.
The newly acquired claims, forming the Company’s Dry Fork Project, are located west of the Christensen Ranch and Nichols Ranch in-situ recovery (ISR) uranium mines, operated by Uranium Energy Corp. and Energy Fuels Inc., respectively.
The Powder River Basin is recognized as a leading uranium-producing region in North America, particularly for ISR mining, a method known for its lower environmental impact compared to traditional open-pit or underground mining. URZ3’s latest move aligns with its strategy to expand its uranium portfolio and capitalize on the region’s well-documented uranium mineralization.
Mark Kolebaba, President and CEO of URZ3 Energy, highlighted the project’s potential, stating:
“This new project allows URZ3 Energy Corp. to leverage its experienced team and proven exploration expertise to try to replicate the success many of the Company’s founders and principals achieved at the Nichols Ranch project prior to its acquisition by Energy Fuels in 2015.”
He emphasized the favorable geological characteristics of the newly staked claims and their potential to contribute to future uranium production.
With increasing global demand for clean energy and a push for domestic uranium production in the United States, the Powder River Basin remains a focal point for uranium exploration and development. URZ3 Energy’s latest staking reflects growing interest in securing North American uranium resources to support nuclear energy initiatives.
The claims were staked in October 2024 and subsequently filed with the Bureau of Land Management (BLM) in November 2024. They are currently subject to final adjudication by the BLM before further exploration activities can proceed.
URZ3 Energy Corp. is a resource development company focused on acquiring and exploring uranium properties in North America. The company is committed to advancing its uranium projects to support clean energy initiatives and meet rising demand for nuclear fuel.
For more information, visit www.urz3.com.
