Shares of Uranium Miner Up After Releasing Drill Results

By: Dylan Sikes – AllPennyStocks.com News

Monday, April 1, 2024

Uranium is sought after because it's a concentrated source of energy. It's used as fuel in nuclear power plants, generating electricity without greenhouse gas emissions. And shares of this miner are up today even as the rest of the market is trending down.

Tisdale Clean Energy Corp. (TSXV:TCEC), (OTC: TCEFF), announced in a press release today an update on the phase one diamond drill program recently conducted at the South Falcon East Uranium Project, which hosts the Fraser Lakes B uranium deposit.

The South Falcon East Project is located near a uranium mill and former mine in Saskatchewan, Canada. The initial program calls for drilling up to 1500 meters in two phases to confirm existing uranium deposits. They also plan future drilling to expand known areas and explore new targets. Early results from the first two holes (442 meters) are promising, with signs of uranium mineralization confirming expectations based on previous exploration.

Both U.S. and Canadian shares were trading up in afternoon trade.

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