“This definitive agreement allows Stallion to monetize a portion of the value of the Horse Heaven project while maintaining upside exposure through a sizeable equity ownership,” stated Drew Zimmerman, CEO of Stallion Uranium.
Stallion currently holds a portfolio of uranium properties covering roughly 3,000 sq. km.. in the Athabasca Basin. A large part is held under a joint venture with ATHA Energy, under which Stallion can earn a 70% interest in 47 mineral claims covering 2,215 sq. km. of the Western Athabasca Basin.
Shares in Stallion Uranium closed Friday’s session 11.1% higher at C$0.05 a share on the option agreement signing. The company has a market capitalization of C$7.6 million.
Antimony importance
According to the US Geological Survey, American manufacturers use more than 50 million lb. of antimony are used each year. The US defence industry, in particular, is heavily reliant on the mineral as…
