“Exploring the Possibilities: Cosa Earns Permits for Ursa Uranium Discovery in Saskatchewan’s Athabasca Basin

The Canadian Nuclear Safety Commission recently granted COSA Exploration Pure Metals Inc. exploration permits for the Ursa Uranium Project in the Athabasca Basin in Saskatchewan. This area is known for its reserves of high-grade uranium; however, the site is also home to a large uranium deposit of high grade uranium. Uranium is a radioactive metal that is commonly used to fuel nuclear energy, nuclear weapons, and submarine propulsion. The occurrence of uranium in the soils and rocks of Saskatchewan has the potential to bring immense economic benefits to the region in terms of jobs, taxes, and royalties. The exploration permits granted to COSA will allow the company to conduct exploration activities at the Ursa Uranium Project. This includes drilling to identify the extent of the uranium deposits, testing the hypothesis of “sedimentary-style” uranium deposits, and assessments of the economic and environmental impacts of developing the mine. COSA’s exploration activities will also focus on the development of “leaching and metallurgical” processes. This will enable the company to recover uranium from the ore-bodies in an efficient and cost-effective manner. The granting of exploration permits marks the first step in the development of the Ursa Uranium Project. COSA will continue to move forward with their efforts to evaluate the resource potential of the area in order to determine if a mine is economically viable. Once a determination is made, the project could move into the development and production phase. The granting of exploration permits for the Ursa Uranium Project is an important milestone in Saskatchewan’s mining history. The development and eventual production of a uranium mine would offer numerous benefits to the economy of the region, as well as being an important component of the nuclear power industry throughout the world. COSA Exploration Pure Metals Inc. has several other uranium exploration projects in the Athabasca Basin and are pleased that they could take the first steps towards bringing the Ursa Uranium Project to fruition. With an anticipated development time of three to five years, COSA can look forward to the commercialization of their uranium exploration and production efforts in Saskatchewan.