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Sienna Acquires the District Scale 50,440 Acre "Atomic Uranium Project" in the Athabasca Basin of Saskatchewan
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2024) - Sienna Resources Inc. (TSXV: SIE)...
About this update from Sienna Resources Inc
[{"type":"text","content":"Sienna Acquires the District Scale 50,440 Acre \"Atomic Uranium Project\" in the Athabasca Basin of SaskatchewanVancouver, British Columbia--(Newsfile Corp. - March 8, 2024) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) (\"Sienna\" or the \"Company\") wishes to announce the acquisition of the new district size \"Atomic Uranium Project\" in the Athabasca Basin of Saskatchewan. The \"Atomic Uranium Project\" consists of 50,440 contiguous acres bordering Orano and CanAlaska Uranium Ltd.Jason Gigliotti, President of Sienna, states, \"Sienna has taken a swift entry into the Uranium space. This new \"Atomic Uranium Project\" is a district size project in the top uranium address on earth, the Athabasca Basin. This now gives Sienna shareholders exposure to 3 separate uranium projects. Management is currently formulating plans to commence operations on these new uranium projects. Sienna is coming into a very robust news flow cycle. Management's goal is to build shareholder value by acquiring and working on projects with the highest potential in the most mining friendly jurisdictions. We plan to be very active in the uranium and lithium space and have the cash on hand to execute this game plan.\"Recently Sienna (January 17, 2024) acquired the 10,845 contiguous acre \"Dragon Uranium Project\" bordering Cameco Corporation (CCO, CCJ) in the Athabasca Basin of Saskatchewan and also (January 23, 2024) the 10,357 acre \"Uranium Town Project\" bordering Denison Mines Corporation (DML, DNN) in the Athabasca Basin of Saskatchewan. The Athabasca Basin is home to the highest-grade uranium deposits in the world, which includes the highest grade uranium mine in the world owned by Cameco Corporation. In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada, the second-best jurisdiction globally for mining. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties.Sienna also has multiple lithium projects in Nevada. Recently Sienna's direct neighbour in Elko County Nevada, Surge Battery Metals, announced the highest grade lithium clay resource in the USA. In Clayton Valley, Nevada, Sienna is located in the deepest section of the only producing brine project in the USA, Albemarle's S...