Patterson Corridor East, Canada / Uranium
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One of the largest development stage uranium projects in Canada
Early stage
Uranium
NexGen
Canada
Royalty rate and type
2% NSR
Ecora has a 2% NSR royalty over an area in the Athabasca Basin in Saskatchewan, Canada, which contains the Patterson Corridor East (PCE) uranium mineralisation zone which is 3.5km east of NexGen’s Arrow deposit which forms the basis of the Rook 1 Project. NexGen hold a right to repurchase 1% of the royalty for C$1m, with the remaining Ecora-owned 1% NSR uncapped and not subject to any further buyback rights.
Rook 1 is the largest development stage uranium project in Canada.
NexGen Energy Ltd. (NexGen) successfully completed the 2025 drilling programme on the Patterson Corridor East uranium discovery. The programme expanded the overall mineralised footprint to 700m (from 600m) of vertical extent and 620m of strike length (from 600m). Furthermore, the high grade subdomain vertical extent has grown materially to 412m from 335m with 210m of strike length. The 2026 drilling programme will see 42,000m drilled including testing a repeating zone 600m to the southeast of PCE and with the same hydrothermal system.