Codrus Minerals Limited (ASX:CDR) is an ASX-listed exploration company focused on critical minerals.
Codrus possesses a portfolio of highly prospective projects located in Western Australia (WA), Oregon, United States of America (USA), and Canada. The Company’s Bull Run Project in the USA is situated in a region with a rich historical background.
Codrus has strategically positioned itself for growth and diversification in the global uranium sector through the acquisition of two highly prospective assets in Canada’s premier mineral provinces.
- The 100% owned Jasper Wedge Uranium Project lies approximately 45km south-east of the high-grade Cigar Lake uranium mine in the prolific 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 in Western Australia’s Wheatbelt region offer significant exploration potential, targeting high-value REEs including Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), and Terbium (Tb). These elements are essential for the manufacture of high-strength permanent magnets (Magnet Rare Earth Oxides – MREO).
This strategic portfolio leverages increasing global demand for critical minerals and rare earth elements, positioning Codrus to create long-term value for shareholders.
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