Codrus Minerals Limited (ASX:CDR) has successfully positioned itself for growth and diversification in the global uranium space by acquiring two highly prospective assets in Canada’s premier mineral provinces. This strategic move takes advantage of the increasing demand for critical minerals and rare earths on a global scale, ultimately generating value for our shareholders.
- The 100% owned Jasper Wedge Uranium Project lies approximately 45km south-east of the high-grade Cigar Lake uranium mine in the prolific uranium jurisdiction of the Athabasca Basin, Saskatchewan, Canada; and
- The 100% owned Nanuk Uranium Project, in Quebec, has seen minimal historical exploration with the highest-grade surface samples returning 5,920ppm U3O8.
The Karloning Rare Earth Element (REE) Projects, located in Western Australia’s Wheatbelt, offers compelling exploration potential to discover more of the high-value REE’s identified at Karloning which are used in the manufacture of high-strength permanent magnets namely Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and, Terbium (Tb). (MREO = Magnet Rare Earth Oxides).
In addition to our critical minerals projects, Codrus has a portfolio of exciting gold and copper projects in Western Australia (WA) and Oregon, United States of America (USA). All of our Australian assets are located in close proximity to existing operating mines and the Bull Run Project in the USA is located in a rich historic
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