When the average person thinks about nuclear power, those thoughts are often bathed in an extraordinarily negative light. While uranium, the most common source from which nuclear energy is derived, does have some truly sinister applications, it can also be used for good. Uranium powers many of the ships and submarines used for the protection of our borders, as well as safeguarding our interests overseas. In addition, nuclear power plants currently generate 16% of the world’s electricity, without the harmful emissions caused by their coal-powered counterparts.
Tecton Corporation has committed itself to never providing uranium under any circumstance in which it may potentially be used for weapons production. From an ethical standpoint, this puts it far beyond many corporations that make no such vow.
Investors in the Swiss-managed company were happy to receive word this past Wednesday (April 2nd) that Tecton has officially entered into an option agreement to acquire more than 630,000 acres in the Athabasca region of Northern Saskatchewan, Canada. This territory is largely considered to be the world’s most prolific uranium region, comprising a third of the global supply. Not only are Athabasca’s deposits plentiful, but they contain some of the highest-grade uranium on the planet.
With several countries, including the U.S., committed to nuclear power expansion to offset the pollutants generated by burning fossil fuels, such an acquisition could have an extremely positive effect on Tecton Corporation’s project portfolio, and subsequently, its share value.
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