Anson Resources Ltd (ASX:ASN) has been added as a non-pure-play uranium stock to the Global X Uranium ETF (NYSE: NYSE:URA), the largest exchange trade fund (ETF) in the uranium industry with net assets of about US$ 1.71 billion.
This inclusion follows the company’s recent addition to the Solactive Global Uranium and Nuclear Components Total Return Index (SOLURANT Index) tracked by the ETF as well.
Anson is currently developing its Yellow Cat Uranium Project near Thompson Springs in Utah, which is considered prospective for the development of both uranium and vanadium due to the high historic grade mineralisation present on the claims.
Exploration program
Anson has conducted several exploration programs which consist of geological mapping, locating historical drill holes and adits as well as XRF sampling and later rock sampling and assaying.
The exploration programs aim to confirm existing results and to extend the known mineralisation along strike and down dip.
Anson is sourcing quotes from contractors to carry out the surveys required for Yellow Cat Project to obtain approvals for exploration drilling programs.
About Yellow Cat
Anson’s Yellow Cat Project is situated 30 kilometres north of Moab, in the Thompson District, Grand County Utah.
The company conducted several exploration programs which consist of geological mapping, locating historical drill holes and adits as well as XRF sampling and later rock sampling and assaying.
The project is in a region that is increasingly sought-after by companies exploring uranium, supported by the recent increase in uranium prices.
Read more on Proactive Investors AU