Acquisition Of The TenSleep Uranium Project With Athabasca Basin-Style Mineralization

VANCOUVER - Nuclear Fuels Inc. announced the acquisition of the TenSleep Uranium Project, located approximately 10 miles (16 kilometers) west of the town of Kaycee, in Johnson County, Wyoming.  The TenSleep Project is a unique uranium project in Wyoming.

Greg Huffman, Chief Executive Officer, said, "The TenSleep Uranium Project represents an exciting addition to Nuclear Fuels' portfolio given it is located less than 20 miles from our priority Kaycee Uranium Project in Wyoming, and is known to host uranium mineralization based on historical production and exploration work.  The fact that uranium mineralization at TenSleep occurs in a geological setting similar to the very high grade unconformity-hosted uranium ore bodies in Saskatchewan's Athabasca Basin, yet has never been explored with this model in mind, presents an excellent opportunity for the discovery of an exciting new type of potentially In-Situ Recovery-amenable uranium in Wyoming."