NE Athabasca Basin

Murphy Lake

key highlights

strategic locations

The Murphy Lake Property is near notable uranium deposits, including ISOEnergy’s Hurricane and Cameco’s La Rocque Lake, where high uranium grades were found. Its location suggests a promising area for uranium exploration.

Historic Location

The property’s first drill program in 2022 included 14 holes totaling 6,850m, targeting a conductor trend previously explored by Cameco. Early results from drill hole ML22-006 showed significant radioactivity, with assays confirming uranium presence.

potential

Anomalies were found in several drill holes over a 330m strike, associated with graphitic and sulphide-rich shear zones under Athabasca Sandstone. These findings highlight the property’s potential for uranium mineralization.

Background

The Murphy Lake Property comprises 8 claims, within two claim blocks, totaling 609 hectares located within the eastern edge of the Athabasca Basin, Saskatchewan. F3 Uranium Corp. holds 100% ownership of the property. All of the claims were acquired by staking in December 2017.

Maps

CHAIRMAN, CEO, DIRECTOR​

Dev Randhawa, MBA

 

Dev Randhawa is a seasoned CEO with extensive experience in resources, mining exploration, and energy companies. As the former CEO of Fission Uranium Corp., Mr. Randhawa, along with his technical team, led the high-grade uranium discovery at PLS in 2012. Recently, Paladin Energy made an offer of $1.1 billion to buy Fission Uranium.

In 1996, Dev founded Strathmore Minerals Corp., leading it until 2008. Mr. Randhawa spun off Fission Energy Corp. in 2007, focusing on uranium exploration in Saskatchewan. He sold major assets to Denison Mines in 2013 for $85 million, creating Fission Uranium Corp.

Dev has executed significant joint ventures, including a $50 million partnership with Sumitomo (Japan) and $44mil with KEPCO (Korea). In 2016, Dev negotiated an $82 million investment in Fission from CGN Mining. He holds a BBA from Trinity Western College and an MBA from the University of British Columbia.