ValOre holds Canada’s highest-grade uranium resource outside of Saskatchewan, and one of the highest grade uranium resources on a global basis. The 49,619 hectare Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. Kivalliq’s comprehensive exploration programs continue to advance the Lac 50 Trend and demonstrate the “District Scale” potential of the Angilak Property. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please refer to Kivalliq’s (the predecessor company to ValOre) news release of March 1, 2013.
ValOre has invested over C$55 million in the Angilak Property since the acquisition on exploration, logistics, studies, and resource delineation work. Discovery potential at Angilak is significant, providing excellent potential to add value with an upward move in uranium prices.