Canada
ALONG THE GREASE RIVER SHEAR ZONE
Canada Projects
Neu Horizon Uranium (NHU) has secured exposure to a portfolio of high-priority uranium targets in Saskatchewan, Canada — the world-class Athabasca region — via an optioned project package known as “The Woods.”
Key Points
- Location: Northern Saskatchewan, Athabasca region
- Structural corridor: Grease River Shear Zone
- Project package: 5 project areas (~40,000 ha)
- Stage: Geophysics complete; ground-truthing in progress; drilling being prepared
- Model: Unconformity & basement-hosted uranium (Athabasca-style)
Overview
NHU’s Canada strategy complements our Sweden portfolio, targeting tier-one uranium potential in a proven jurisdiction. The Woods package provides multiple, structurally controlled targets across five project areas aligned along the Grease River Shear Zone — a major regional structure with known uranium occurrences.
Location & Access
- Province: Saskatchewan, Canada
- District: Athabasca region (north)
- Access: A mix of established service hubs, winter trails, rotary/heli support as required
- Logistics: Established mining services ecosystem; year-round exploration windows with seasonal planning
Geology & Target Model
- System: Athabasca-style unconformity and basement-hosted uranium
- Controls: Conductive graphitic horizons, shear zones, and structural traps adjacent to the regional Grease River Shear Zone
- Analogue: Structural/graphitic conductor targets comparable to known Athabasca deposits in the broader basin
Work Completed to Date
Planned Program in 2026
- Ground geophysics (where required): gravity/resistivity and targeted EM to sharpen drill collaring
- Geochemistry & mapping: Outcrop/boulder sampling, structural mapping, and alteration vectors
- Permitting & heritage: Engagement, clearances and logistics finalisation
- Phase-one drilling: Priority conductor/structural targets to test for basement-hosted uranium and alteration halos near the unconformity
- Phase-two follow-up: Step-outs and down-hole geophysics contingent on results
The Woods – Option Summary
- Counterparty: Fortune Bay (TSXV: FOR)
- Interest: Option to earn up to 80% in The Woods portfolio (5 project areas)
- Structure: Staged exploration expenditure plus share consideration over the option period; operator during option per agreement
- Focus: Efficient spend into highest-ranked drill targets, leveraging geophysics first
ESG & Community
- Operate to Canadian and Saskatchewan standards for safety, environment and cultural heritage
- Early engagement with local stakeholders and Indigenous communities
- Low-impact exploration methods, progressive rehabilitation, and transparent reporting
Why Athabasca, Why Now?
- Tier-one uranium address: Among the highest-grade uranium districts globally
- Established ecosystem: Skilled workforce, supportive services, and regulatory clarity
- Complementary to Sweden: Diversifies jurisdictional risk while maintaining NHU’s focus on globally significant uranium systems
Figure 1: The Woods Uranium Projects – District-Scale Opportunity
Figure 2. Locality map illustrating the position of the planned VTEM flight lines relative to the Woods Project boundaries and GRSZ which (along with accompanying splays) presents the primary uranium target for the survey.
Photo Gallery
