Athabasca Basin Produces 22% of Global Uranium Production

The Athabasca Basin is currently responsible for all North American uranium production and 22% of global uranium production.

All Athabasca Basin uranium production comes from two mines: McArthur River and Cigar Lake.

For the full year of 2023, McArthur River is expected to produce 14 million lbs of uranium and Cigar Lake is expected to produce 16.3 million lbs of uranium for total Athabasca Basin uranium production of 30.3 million lbs. Only Kazakhstan produces more uranium than the Athabasca Basin.

Cameco (CCJ) owns 70% of McArthur River and owns 54.5% of Cigar Lake. McArthur River and Cigar Lake are the world's two highest grade producing uranium mines. CCJ is up big year-to-date in 2023 and has a current market cap of $15.78 billion!

Marvel Discovery (TSXV: MARV)'s newly acquired Costigan Lake Uranium project is located 25km southwest of CCJ's Key Lake Mill, which processes the uranium ore mined from McArthur River. MARV's Costigan Lake is located proximal to or within 8kms of Highway 914, which goes directly to CCJ's Key Lake Mill. Costigan Lake is located along the same Wollaston-Mudjactic Transition Zone as McArthur River and Cigar Lake.

MARV's newly acquired Costigan Lake Uranium project is not only on trend with McArthur River and Cigar Lake the world's two highest grade producing uranium mines, but it is also on trend with the flagship Wheeler River Uranium project of Denison Mines (DNN). Wheeler River is also located off of Highway 914 and is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin. DNN currently has a market cap of $1.22 billion!

MARV's newly acquired Costigan Lake Uranium project adjoins the Hobo Lake Uranium project of F3 Uranium (TSXV: FUU) a CAD$152.46 million market cap company! On October 6th, DNN the owner of Wheeler River invested $15 million into FUU!

MARV has a current market cap at $0.055 per share of only CAD$6.855 million or USD$5.03 million!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from MARV of US$20,000 cash for a one-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.