Defense Metals Corporation

URANIUM

GEIGER AND KLAPROTH

The Geiger project consists of two claims, Geiger North and Geiger South, totalling 3,046 acres, and is adjacent to the Wollaston-Mudjatik transition zone – a major crustal suture related to most of the major uranium deposits in the eastern Athabasca Basin.

The Project is approximately 35km northwest of the McClean Lake mine and mill, in a relatively under-explored area of the Athabasca Basin. The Klaproth properties consist of two mineral claims totalling approximately 20,089 acres.

The DEFN properties in the Athabasca Basin are surrounded by multiple major mining companies, giving the company a strategic foothold in a proven uranium deposit.

ATHABASCA BASIN

STRATEGICALLY POSITIONED

  • Located in the centre of a proven uranium deposit
 
  • Surrounded by major uranium producers
 
  • Existing infrastructure and ready workforce

Uranium Market

  • Spot price now up $9/lb or 43% from April 2018 low of $20.25 to $29.10
  • Over the past 3 years equities have been strongly correlated with the spot price
  • Major divergence has emerged
  • Equity correction to the upside is inevitable
  • Additional gains to come from end of year contracting which will put further upward pressure on uranium price

STAY INFORMED

STAY INFORMED