Stage: Exploration & Development Pipeline

The Chord Property, located in Fall River County, comprises 22 unpatented lode mining claims totaling 440 acres. Previous operators included Union Carbide and Tennessee Valley Authority (TVA). The uranium mineralization occurs within sandstones of the Chilson Member of the Cretaceous Lakota Formation.

Depth to the mineralization is shallow, and is generally less than 500 ft. The deposit can be classified as a "roll front" type. A vanadium credit of 1:1 to 1:2 parts uranium is present. Based on previous exploration drilling, an indicated resource of 3.8 million lbs U3O8 was outlined, with significant additional exploration potential. (Not NI 43-101 compliant)