NWT Uranium has been active in uranium exploration in Niger since 2006. In the summer of 2007, NWT entered into an agreement with UraMin (which has since been acquired by Areva) to pool their Niger uranium properties in a new organization, Niger Uranium Ltd. The new company is focused exclusively on uranium exploration in Niger and holds a total of eight properties covering 1,673,644 (6,773 square kilometers). NWT Uranium is actively involved in Niger Uranium and is the company's largest shareholder.
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NWT Uranium acquired a 9.39% stake in Azimut Exploration Inc. through the termination of its option agreement on North Rae & Daniel Lake properties. Azimut's portfolio includes 47 uranium, gold and nickel exploration properties in mining-friendly Quebec, making it the #1 claim-holder in the province. This landholding represents some 27,000 claims (13,100 km2), or about 10% of the active mineral claims in a province known around the world for its exceptional mineral potential and attractiveness as a mining jurisdiction.
Quebec represents a promising territory for uranium exploration and is ranked in the top 3 mining jurisdictions globally. According to the province's Ministry of Natural Resources, previous mineral exploration work conducted from the 1950s through to the 1980s covered large expanses but has limited significance for current uranium exploration due to the lack of radiometric, geochemical and geological data relevant to the commodity at that time.
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