Kivalliq Energy Corporation (TSXV: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 304,257 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.
Kivalliq’s team of northern exploration specialists recently entered into a property option agreement with Roughrider to explore the Genesis uranium property in Saskatchewan. Kivalliq has also forged strong relationships with sophisticated resource sector investors and Angilak Property partner Nunavut Tunngavik Inc. (“NTI”). Kivalliq was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.
- A team of northern exploration specialists who have been active in the north for over 25 years
- Lac 50 Trend: Northern Canada’s highest grade uranium resource
- Industry beating discovery cost of under CAD $1.51/lb uranium
- 200% increase in Lac 50 Trend inferred resource in three exploration seasons
- Current business model focuses on strategic acquisitions, project advancement and continually building strong industry partnerships
Genesis case study: low cost acquisition (January 2014), deal signed with REL – Mining Option Agreement (May 2014), initial return on investment – cash payment CDN$125,000 and 1,969,828 common shares of REL (July 2014), first exploration program completed (September 2014)
In addition to Kivalliq’s landmark agreement with NTI to explore for uranium on Inuit Owned Land, Kivalliq has been the recipient of environmental stewardship awards for multiple years. Community engagement is a priority for Kivalliq with ongoing community updates, site visits and employment opportunities. Kivalliq is focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive local community engagement.
The Kivalliq team has a proven track record of discovery and over 75 years of combined geological and management expertise. The team has been involved in all aspects of exploration ranging from grass roots through to resource delineation and production. Complementing their geological experience, the Kivalliq team brings a solid understanding of capital markets and the nuclear sector. For full biographies describing Kivalliq’s experience related to mineral exploration and development, nuclear fuels, and uranium sector management and M&A, please visit http://kivalliqenergy.com/company/our_team/