Located adjacent to NexGen Energy, the property is transferred from Durango president Marcy Kiesman, who staked the property.

The company said it will announce details and the exploration plans of the property in the coming days.

Kiesman said: "The Athabasca Basin is the highest-grade uranium district in the world and the province of Saskatchewan is one of the world’s best mining jurisdictions so I am pleased that we were able to acquire a property in this area.

"We believe that the uranium sector is on the verge of breaking out and we want our shareholders to benefit."

Durango owns Decouverte and Trove gold properties in Quebec, the McGillivray property, the Albany Spurs graphite property in Ontario and the Buckshot graphite property in Quebec.