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Cosmos to acquire highly prospective Fenix Uranium Project – Thelon Basin, Canada



HIGHLIGHTS


  • Cosmos reaches conditional agreement to earn an 80% interest in the Fenix Uranium Project

  • Outstanding addition to Cosmos’ exploration portfolio, being in the Thelon Basin, Nunavut, renowned as the next emerging high grade uranium mining district with striking similarities to the Athabasca Basin, Saskatchewan.

  • Substantial land position of 162.7km2 with historical groundwork that defined six interpreted radioactive boulder trains with assays up to 6% U₃O₈.

  • Source of each boulder train are interpreted to remain undiscovered and represent significant exploration opportunities for Cosmos

  • Very little drilling to date with a highlight intersection of 0.7% U₃O₈ over 0.4m within 0.2% U₃O₈ over 3.9m which is open at depth

  • Exploration to be led by experienced Athabasca Uranium geologist and Cosmos Technical Director Leo Horn

  • Cosmos has received firm commitments for a $1.01M placement at $0.0425 to underpin the acquisition.



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