Overview

The Mozzie Lake project consists of two properties situated approximately 25km northeast of the Athabasca Basin, located within the Charlebois-Higgingson Lake Uranium District. Uranium mineralization on the properties is hosted within pegmatite intrusions.

Pegmatite deposits of the Charlebois-Higgingson Lake Uranium District have remained largely dormant since it was first explored in the 1940’s. There are historical references to rare-earth-element (REE) bearing minerals in the region, including at the Pinkham Lake prospects on the Mozzie Lake property. Atomic believes that a re-evaluation of the district with respect to REE mineralization should be conducted to potentially bolster the uranium potential of the project.

Atomic is targeting basement-hosted uranium at Mozzie Lake.

Basement-Hosted Uranium

Basement-hosted uranium deposits are a unique and highly valuable mineralization in the Athabasca Basin. These deposits are characterized by their location in close proximity to the unconformity between the older basement rocks and overlying sandstone formations. Notable examples include Fission Uranium’s (TSX: FCU) Triple R deposit and NexGen Energy’s (TSX: NXE) Arrow deposit, which showcase the potential of this deposit type. Basement-hosted uranium deposits represent a promising investment opportunity due to their high-grade nature and exploration potential.