Business
Cosa Enters into Agreement to Acquire the Titan Uranium Project, Athabasca Basin, Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - January 17, 2024) - Cosa Resources Corp. (TSXV: C...
About this update from Cosa Resources Corp.
[{"type":"text","content":"Cosa Enters into Agreement to Acquire the Titan Uranium Project, Athabasca Basin, SaskatchewanVancouver, British Columbia--(Newsfile Corp. - January 17, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (\"Cosa\" or the \"Company\") is pleased to announce it has entered into a property purchase agreement (the \"Purchase Agreement\") with CanAlaska Uranium Ltd. (the \"Vendor\") dated January 12, 2024, for the acquisition (the \"Acquisition\") of the Titan Uranium Project in the Athabasca Basin, Saskatchewan (\"Titan\" or the \"Property\"). HighlightsEight mineral dispositions totalling 9,333 hectares to be acquired, doubling the Orion Project to 18,332 hectaresThe expanded Orion Project will capture over 22 km of the Larocque Trend, which hosts the Hurricane Deposit and several other significant uranium showingsKeith Bodnarchuk, President and CEO of Cosa, commented: \"The acquisition of Titan and expansion of our 100% owned Orion Project demonstrates our commitment to acquiring underexplored hectares through staking and cost-effective transactions. Recent MobileMT™ survey results at Ursa and Orion significantly upgraded the prospectivity of the area, making the addition of Titan a focus for the Cosa team. Our uranium portfolio is nearing 200,000 hectares in the Athabasca Basin region, and we will continue to seek opportunities to advance and diversify our portfolio of highly prospective uranium projects. We would like to thank the team at CanAlaska for their cooperation in completing the Titan agreement expeditiously and in the best interest of both companies.\"Andy Carmichael, VP of Exploration of Cosa, commented: \"Incorporating Titan into Orion increases Cosa's footprint in an area that has seen little historical exploration despite containing the intersection of two mineralized trends. Significantly expanding the amount of the fertile Larocque Lake trend captured by the Project, Titan will also double the contained extension of the east-west magnetic trend that hosts the Cigar Lake uranium mine and Tucker Lake Uranium Zone. We're encouraged by the presence of uranium occurrences east and west of Orion along this trend, and with the strong conductive anomaly identified by our 2023 MobileMT™ survey, we believe Orion contains several compelling target areas warranting substantial exploration.\"Th...