Private Saskatchewan uranium exploration concern expands.

The Athabasca Basin from helicopter, Feb 2012, Copyright Tommy Humphreys

NexGen is a private Australian company I am watching. I don't know what its value will be when it becomes public, but as a student of Canadian resources I am pulling for NexGen. NexGen holds an option over the Radio property, a uranium prospect in the Athabasca Basin in Northeastern Saskatchewan, and my fingers are crossed that the Radio project becomes Saskatchewan's next great discovery, like Roughrider, Hathor's property, sold to Rio Tinto last year. (Radio is directly next to and covers the interpreted eastern extension of Roughrider.)

NexGen had some news today. It appears Toronto resource heavyweight Mr. Sheldon Inwentash (founder of Pinetree Capital) likely had a hand in it. Mega Uranium to Sell Canadian Projects to NexGen Energy to Create Unified Uranium Explorer in the Athabasca Basin. Marketwire

I will continue to cover this story.

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