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NFUNF

TenSleep Project

Highlights

~3,000 acres (188 mineral claims + 2 state mineral leases) located 10 miles (16 km) west of Kaycee, Johnson County, Wyoming.
Unconformity-style uranium deposits, similar to Saskatchewan’s Athabasca Basin, which hosts some of the highest-grade uranium deposits in the world.
The Jeri-Marie mine was an underground operation located on the TenSleep Project, extracting uranium ore via an adit in the late 1950s.
Previous underground mining and drilling confirm uranium presence.
Exploration plan being developed to assess suitability for In-Situ Recovery (ISR) and expand on historical drill results.

Project Details

The TenSleep Uranium Project represents a unique uranium opportunity in Wyoming, displaying geological characteristics similar to high-grade uranium deposits in Saskatchewan’s Athabasca Basin, rather than the more common roll-front deposits found in the U.S.

Uranium mineralization at TenSleep is associated with the contact between the TenSleep Formation and the overlying Phosphoria Formation, a geological setting known for hosting significant uranium deposits. Exploration drilling in the early 1970s demonstrated the presence of two uranium-bearing zones, yet the deeper unconformity target remains largely untested.

Nuclear Fuels acquired the 3,000-acre project through staking and state mineral leases. The company is currently reviewing historical data to refine an exploration program targeting the deeper unconformity-style uranium zone, with drilling planned for late 2025 or early 2026.

Historical Exploration

1950s: The Jeri-Marie underground mine operated on-site, confirming uranium presence.

1971-72: Aquarius Resources & Northwestern Energy drilled 111 holes, identifying two uranium zones.

1978-80: Cherokee Exploration recognized the potential for unconformity-style uranium but never followed up due to market conditions.

2025+: Nuclear Fuels plans to conduct modern exploration targeting higher-grade unconformity deposits and assess ISR viability.

Geology & Mineralization

Uranium mineralization is found along the contact between the TenSleep and Phosphoria Formations.

The TenSleep Formation is ~380 feet thick, consisting of fine- to medium-grained sandstone.

Historical drilling indicates uranium occurs at both the upper and lower contacts of the formation.

The lower contact represents an exciting new target for unconformity-style uranium mineralization, a model not previously explored at TenSleep.

Exploration Plan

Nuclear Fuels is developing a targeted drill program to: