KIVALLIQ Buys SK Hatchet Lake Uranium Property 2015

[Oscar]

WHO IS Kivalliq Energy Corporation?

[ http://www.kaminak.com/projects/kivalliq/ ]

Kivalliq Energy Corporation is a uranium exploration company based in Vancouver, Canada and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada. The partnership combined with Kaminak Gold Corporation's uranium assets, led to the creation of Kivalliq as a spin out company in 2008. Kivalliq's management team has forged strong relationships with sophisticated resource sector investors and project partner Nunavut Tunngavik Inc. ("NTI") to advance the Angilak Property. The Company is focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive local community engagement.

Angilak Property, Nunavut

With a NI 43-101 Inferred Resource of 43.3 million pounds at 0.69% U3O8, Kivalliq’s 340,268 acre Angilak Property hosts the Lac 50 Trend Deposit,Canada's highest grade uranium deposit outside of the Athabasca Basin.

Since acquiring the Angilak Property in 2008, the Company has invested approximately $50+ million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and 89,500 meters of drilling.

For more information, please visit the company website: http://www.kivalliqenergy.com.

Disclaimer:
** The information related to the mineral resource estimate at the Lac 50 Trend Uranium Deposit was disclosed in the Kivalliq News Release dated January 15, 2013. Jeff Ward, P.Geo, President of Kivalliq and a Qualified Person for the Company has revised and approved the information contained here in.


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Kivalliq Acquires 100% Interest in the Hatchet Lake Uranium Property in Saskatchewan, Canada

[ http://www.wallstreet-online.de/nachric ... wan-canada ]

Nachrichtenquelle: Marketwired | 10.02.2015, 13:00 | 104 Aufrufe |
0 | druckversion

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QUOTE: " In December 2013, the Athabasca Denesuline Né Né Land Corp., which represents First Nations in Black Lake, Fond du Lac and Hatchet Lake, passed a resolution opposing the transport of uranium over their territory." - "Saskatchewan Dene group wants more consultation on Areva’s Kiggavik project", February 06, 2014 - 4:44 pm [ http://www.nunatsiaqonline.ca/stories/a ... evas_kigg/ ]

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VANCOUVER, BC--(Marketwired - February 10, 2015) - Kivalliq Energy Corporation (TSX VENTURE: KIV) (Kivalliq) today announced it has made a strategic addition to the Company's project portfolio through a transaction with Rio Tinto Exploration Canada, Inc. and Rio Tinto Canada Uranium Corporation (Rio Tinto) to acquire a highly prospective uranium property, adjacent to the Athabasca Basin of Saskatchewan, Canada

Kivalliq has, subject to all necessary approvals, acquired 100% of Rio Tinto's Hatchet Lake Uranium Property, subject to a 2% NSR:

◦13,711 hectares (33,880.6 acres) in six claims adjacent to the north-eastern margin of the Athabasca Basin in Saskatchewan and three and a half (3.5) kilometres to the north west of Kivalliq's Genesis Property

◦Hatchet Lake is located 39 km along trend from the Roughrider uranium deposit and within 29 kilometres of Cameco's Eagle Point uranium mine

◦Multiple unconformity related basement targets of interest based on results from recent work by Hathor Exploration Ltd and Rio Tinto, including geophysics, boulder, soil, lake sediment and bio-geochemical sampling

◦At least five priority target areas selected for follow-up exploration in 2015

◦Low net acquisition cost

"The Hatchet Lake project fits well with Kivalliq's strategy to add high quality uranium exploration projects to our portfolio at low acquisition costs," stated Jim Paterson, Kivalliq's CEO. "The project has compelling targets based on comprehensive early stage exploration work by Hathor and Rio Tinto, with estimated expenditures exceeding $750,000 since 2007. The project's proximity to one of the world's premier uranium mining and milling districts and possible synergies with exploration planned for the Genesis
Property combine to make Hatchet Lake an excellent addition to Kivalliq's portfolio."

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About Kivalliq Energy Corporation

Kivalliq Energy Corporation (TSX VENTURE: KIV) is a Vancouver-based company exploring for uranium on the 495,883 acre Genesis Property located northeast of Saskatchewan's Athabasca Basin. In addition, Kivalliq holds Canada's highest-grade uranium resource outside of Saskatchewan.

Its flagship project, the 275,469 acre 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.

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(2012) China eyes Canadian uranium mines

[ http://www.theglobeandmail.com/globe-in ... cle534305/ ]

SHIRLEY WON The Globe and Mail

Published Wednesday, Mar. 21 2012, 6:36 PM EDT Last updated Thursday, Sep. 06 2012, 1:03 PM EDT

Takeover activity is poised to heat up in the Canadian uranium sector as energy-hungry China hunts for feedstock to fuel its growing family of nuclear reactors.

The state-controlled China Daily recently reported that the country plans to buy more uranium mines abroad, and is looking in Canada. China also expects to import more uranium this year as its nuclear program resumes after being halted following Japan’s Fukushima nuclear disaster.

China has 15 reactors in operation and 25 under construction, and plans to build another 50. It imports nearly all its uranium from Kazakhstan, Uzbekistan, Namibia and Australia.

“It comes as a surprise” that China is showing its hand by publicly targeting this country’s miners, which could boost the prices of potential acquisitions, said Versant Partners analyst Rob Chang. But he said the country’s announcement deserves to be taken seriously in the wake of Prime Minister Stephen Harper’s decision last month to overturn previous trading bans and permit uranium sales to China for civilian use.

China would most likely focus on buying Canadian “exploration companies with high-quality assets” because there are no ownership restrictions on early-stage firms, Mr. Chang said. However, Ottawa bars foreigners from owning more than a 49-per-cent stake in a company that is mining the metal.

China has already been on the acquisition trail for explorers in Africa. China Guangdong Nuclear Power Corp., its nuclear agency, recently struck a $2.4-billion (U.S.) deal to snap up Australia-based Extract Resources Ltd. , which owns a huge uranium deposit in Namibia.

In Canada, uranium juniors such as Fission Energy Corp. , which has a property in Saskatchewan’s Athabasca Basin, Kivalliq Energy Corp. , which has a deposit in Nunavut, and Strateco Resources Inc. , which is developing the Matoush project in northern Quebec, could be of interest, Mr. Chang said.

There is industry speculation that the Conservative government will relax its foreign ownership laws on uranium mines. Throne speeches since 2010 have talked about lifting regulations that inhibit the growth of Canada’s uranium industry.

Foreigners are already snapping up Canadian exploration companies. Last year, British mining giant Rio Tinto PLC trumped Cameco Corp. to buy Hathor Exploration for about $625-million (Canadian). Paladin Energy Ltd. , Australia’s second-biggest uranium miner, acquired the Michelin uranium project in Labrador for $261-million from Fronteer Gold Inc.

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China could also become involved with Canadian uranium projects through joint ventures in properties like Paladin’s Michelin project, he said. A three-year moratorium on uranium mining on Inuit lands was lifted this month and the Chinese could help finance the next phase, he said.

“They [Paladin]would need a mill so we are talking about a substantial amount of capital expenditures.”

MORE:

[ http://www.theglobeandmail.com/globe-in ... cle534305/ ]


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(2012) Cameco signs long-term uranium supply deal with China

[ http://www.theglobeandmail.com/globe-in ... le4081015/ ]

BRENDA BOUW - MINING REPORTER VANCOUVER — The Globe and Mail

Published Wednesday, Nov. 24 2010, 8:36 AM EST Last updated Thursday, Aug. 23 2012, 4:07 PM EDT

Cameco Corp. secured a deal with China to supply uranium to the world's fastest-growing nuclear power company, as prices for the metal rebound amid the global push for clean power.

Saskatoon-based Cameco, the world's second-largest uranium producer, said the deal is its first with China Guangdong Nuclear Power Holding Co. Ltd. since signing an accord with the state-owned company last summer. It is also the second long-term supply agreement Cameco has signed with a Chinese utility in the past five months.

The agreement to supply 29 million pounds of uranium concentrate to CGNPC until 2025 sent Cameco's stock up more than 4 per cent Wednesday, just shy of its 52-week high reached earlier this month, a level not seen for more than two years.

The deal highlights China's hunger to meet the fast-growing energy demands of its rapidly growing economy while aiming to curtail its dependence on coal-fired electricity plants.

MORE:

[ http://www.theglobeandmail.com/globe-in ... le4081015/
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