Perth-based Superior Lake Resources said on Tuesday that it was working on a US uranium strategy, announcing that the exclusivity period on assets held by Premier Uranium in Wyoming and Utah had been extended.
Superior in June announced a three-month exclusive option to conduct due diligence on Premier Uranium, which is owned by a fund controlled by uranium investor Mike Alkin’s Saschem Cove Partners.
The exclusivity period has now been extended to October 31.
Superior Lake believes the uranium sector is showing signs of recovery amid positive developments, including the US government’s classification of uranium as a commodity of strategic importance.
The junior also had an option over the Aurora uranium project, in Oregon, but that period lapsed and has not been extended.