Junior exploration and development company Brades Resource has signed a purchase and sale agreement with Ryan Kalt and Johnathan More, involving the Lorne Lake uranium property in northern Saskatchewan, Canada.
Under the new purchase agreement, Brades will acquire an undivided 100% stake in the property.
The Lorne Lake property is located in the Athabasca Basin with regional proximity to Cameco’s Centennial Deposit to the east and the Patterson Lake South discovery by Alpha Minerals/Fission Uranium to the west.
Brades Resource president and CEO Cheryl More said, "This is an attractive opportunity for the company to pursue, with the potential to be an important addition to our BRC copper-gold property located in northwestern British Columbia."
The property consists of 15 contiguous mineral claims consisting of nearly 97,500 acres in Saskatchewan’s Western Athabasca Basin.
Canada-based Brades focuses its operations on Canadian resource properties, and is currently advancing its BRC porphyry copper-gold property in the Iskut River District, northwestern British Columbia.