The LAB Critical Metals Project offers district-scale potential with uranium outcrop grades up to 6.7% and numerous highly-enriched rare earth element (REE) occurrences along the 112 km trend. Initial exploration work is planned in 2023 to follow up on significant uranium targets discovered in 2009, as well as new radiometric and magnetic anomalies defined in compilation work and geophysical reprocessing, along with other rare earth element and uranium targets.  Results are pending from the 2023 snow machine-based scintillometer survey and sampling program, and subsequent and ongoing helicopter based prospect and sampling program.

The Lab Critical Metals Project claims are adjacent to, and display similar styles of mineralization, to Search Minerals Inc’s Critical Rare Earth Metals Project claims.  In March 2022, Search Minerals published a Preliminary Economic Assessment on their Critical Rare Earth Metals Project.

 *Exploration results on adjacent projects and geologically similar projects are not necessarily indicative of the mineral potential of Nuclear Fuels’ claims. the company’s Labrador Critical Metals project is under an 100% option agreement and subject to a 3% NSR with a 1.5% buyback with a third party.