Trench Metals Conducts Technical Review of Carter Lake Uranium
NEWS RELEASE
TRENCH METALS CONDUCTS TECHNICAL REVIEW OF CARTER LAKE URANIUM
Vancouver, Canada – September 20th, 2023 – Trench Metals Corp. (the “Company”) (TSXV:
TMC, FWB: 33H2) announces its ongoing review of technical datasets from the Company's wholly
owned Carter Lake Uranium Project. Situated on the prolific west side of the Athabasca Basin, this
project holds immense promise for contributing to a cleaner, greener energy future. The
comprehensive review includes geophysical and geological data, and notably, ground-sourced
radon gas emission data—an essential vector for detecting the presence of uranium. These efforts
will yield well-defined exploration targets, providing a clear path forward for upcoming programs.
In an era marked by a growing global commitment to environmental sustainability, uranium has
taken center stage as a crucial element in the transition to a cleaner power grid. This year has seen
a notable uptick in uranium prices, reflective of heightened interest and investment in the sector.
As the world takes significant steps towards a more sustainable and environmentally responsible
energy landscape, nuclear power is poised to play an essential role.
Commenting on the rising prominence of uranium, Simon Cheng, President and CEO of the
Company, stated, “We are truly excited about the recent acquisition of the Carter Lake Uranium
Project, strategically located on the highly prospective west side of the Athabasca Basin. The surge
in uranium prices this year is indicative of the heightened global awareness and commitment to
cleaner energy sources. At Trench Metals, we firmly believe that nuclear power will be a
cornerstone in the transition towards a greener world power supply.”
The ongoing review of technical datasets at the Carter Lake Uranium Project aligns perfectly with
the Company's strategic vision. The Company is committed to advancing its uranium projects,
leveraging its expertise and resources to unlock their full potential in support of a sustainable energy
future.
The Company remains committed to responsible exploration practices and environmental
stewardship throughout its operations. The Company adheres to all applicable regulations and
standards, ensuring that its activities are conducted with utmost care for the environment and local
communities.
For further updates and information, please visit the Trench Metals website at
www.trenchmetals.com.
Qualified Person
Dr. Peter Born, P.Geo., is the designated qualified person as defined by National Instrument 43-
101 and is responsible for, and has approved, the technical information contained in this release.
- 2 -
About Trench Metals Corp
Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value
for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is
the advancement of various projects from discovery all the way to production. This vertically
integrated strategy allows Trench Metals to achieve exceptional shareholder value through the
entire life-cycle of the mining process.
Trench Metals Corp. owns the Carter Lake Uranium Project which spans over 691 hectares on
the western flank of the Athabasca Basin, strategically positioned within the Carter Lake Corridor,
a substantial structural feature that runs parallel to the renowned Patterson Lake Corridor – home
to mineralization control points for NexGen's Rook 1 deposit and Fission Uranium's PLS deposit.
Trench Metals also has the right to acquire a 100% interest in two highly prospective uranium
project in Saskatchewan’s Athabasca Uranium district. The Higginson Lake Uranium Project which
covers an area of approximately 5900 hectares and is 52 kilometers northeast of the town of Stony
Rapids, which is accessible by Highway 905 and 964. The Higginson Lake Uranium Project host
two historic drill indicated reserves, totaling 4,800,000 lbs of U308.* The Spreckley Lake Uranium
Project which comprises of 1385 hectares in northern Saskatchewan, strategically located adjacent
to Skyharbor's Pluto Bay Project. The Athabasca District is home to the highest grade of uranium
deposits in the world and accounts for 18% of global uranium production.
*The historical mineral resource estimate presented above uses categories that do not conform to current
Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and
Mineral Reserves as outlined in National Instrument 43-101. A qualified person has not done sufficient work
to classify the estimate as a current mineral resource and as such the Company is treating it as a historical
resource estimate. Readers are cautioned that the historical mineral resource estimate does not mean or
imply that economic deposits exist on the Higginson Lake Uranium Project.
For further information, contact the Company [email protected] or 604.558.4300, or visit
the Company’s website atwww.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”,
“forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or
information. These forward-looking statements or information may relate to the planned development
of the Carter Lake Uranium Project and other factors or information. Such statements represent the
Company’s current views with respect to future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political and social risks, contingencies and uncertainties.
Many factors, both known and unknown, could cause results, performance, or achievements to be
materially different from the results, performance or achievements that are or may be expressed or
implied by such forward-looking statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements or information to reflect changes in assumptions
or changes in circumstances or any other events affecting such statements and information other than
as required by applicable laws, rules and regulations.