Jan 23, 2024, Sienna Resources Inc. (“Sienna” or the “Company”) (SIE—TSX.v, SNNAF—USA, A1XCQ0–Germany) is pleased to announce that it has acquired 10,357 acre “Uranium Town Project” bordering Denison Mines Corporation (DML, DNN) in the Athabasca Basin of Saskatchewan. The Athabasca Basin is home to the highest-grade uranium deposits in the world, which includes the highest grade uranium mine in the world owned by Cameco Corporation. In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada, the second-best jurisdiction globally. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company’s properties.
Recently (January 17, 2024) Sienna acquired the 10,845 contiguous acre “Dragon Uranium Project” bordering Cameco Corporation (CCO, CCJ) in the Athabasca Basin of Saskatchewan.
Jason Gigliotti, President of Sienna states, “We are very pleased to add a second uranium project to Sienna’s landholdings. Management’s goal is to build shareholder value by acquiring and working on projects with the highest potential in the most mining friendly jurisdictions. We plan to be very active in the uranium space and have the cash on hand to execute this game plan.”
About Sienna Resources Inc.
Sienna has recently acquired the 10,357 acre “Uranium Town Project” bordering Denison Mines Corporation (DML, DNN) and the 10,845 contiguous acre “Dragon Uranium Project” bordering Cameco Corporation (CCO, CCJ) in the world renowned Athabasca Basin of Saskatchewan. Also, Sienna recently expanded the “Elko Lithium Project” in Elko County, Nevada. This project consists of approximately 1840 contiguous acres directly bordering Surge Battery Metals’ (NILI) “Nevada North Lithium Project” in Elko County, Nevada. Sienna is also one of the larger landholders in Clayton Valley Nevada. Sienna’s Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium production in North America, being Albemarle Corp’s (NYSE: ALB) Silver Peak deposit. This project is also near Tesla Motors Inc.’s (Nasdaq: TSLA) Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture (NYSE: SLB) announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in a strategic partnership with Pure Energy (TSX.v: PE). The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Results from this pilot plant are expected in 2024 and could have a significant impact on the brine prospects within Clayton Valley Nevada as Sienna is located in the deepest section of this brine deposit.
This project was acquired via staking.
Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.
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Sienna Resources Inc.
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