Tecton Corporation (TTNC.OB) is a mineral exploration and development company with a focus on acquiring and developing a high-quality portfolio of uranium properties. The company is based in the United States with a Swiss-Canadian management team and primarily mines uranium and vanadium property interests in the U.S. and Canada. Tecton has three main projects: Wapata Lake, Firefly, and Ace of Spades.
The Wapata Lake Project is located in the Athabasca Basin in northern Saskatchewan, which is the world’s largest producer of uranium. The Athabasca Basin is known as the “global hotspot” for high grade unconformity-related uranium deposits and contains more than 32 percent of the global uranium supply. Tecton has acquired 100-percent interest in exploration permits covering 633,192 in the Athabasca Basin.
Tecton’s Firefly Project is located in San Juan County, Utah, which is known as one of the most productive uranium regions in the U.S. The area’s total uranium production, from the 1940’s through the 1980’s, is more than 150 million pounds.
Overall, Tecton has acquired property interests covering 633,192 acres in Canada and 4,000 acres in Utah. The company anticipates expanding its portfolio in Utah as well as considering new projects in Eastern Europe.
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