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Uranium Funds Are Raising Hundreds Of Million Dollars To Buy Uranium - And Small Cap Uranium Explorers Are The Big Beneficiaries
"The price of uranium during that time has literally moved from $61.25/lb the night before SPUT announced their funding (Sept 5th) to $72/lb as of close Thursday, Sept 28th." @KatusaResearch
🇨🇦 AAZ 🇺🇸AZURF controls a majority 78.4% interest in the 25,000+ hectare East Preston Uranium project.
After a decade long slump, uranium prices are on the rise, fueled by a global shift in support for nuclear energy and subsequent rising demand …
But Uranium's third bull market since 1968 still has a long way to go due to supply struggling to keep up after a decade of under-investment.
WHY? ACCORDING TO Katusa Research
⭕️The Sprott Uranium Trust 🇨🇦SPUT holds holds ~ 62,000,000 pounds of uranium.
⭕️This single trust is buying more uranium than every nuclear reactor in the United States, combined.
💰On September 5th, 2023 SPUT filed to raise $125 million
📈The spot price of uranium has increased over 15% in less than 30 days without a single pound purchased by SPUT from the spot market.
But wait there��s more ... There is a new fund that will raise $500 Million ... and has already raised the first $125 Million
Every nuclear plant owner, operator, and developer in the world is beginning to realize that they need to buy uranium before there’s none to buy.
“We’re in inning two—and no more than that… and now we have a bit of a crisis setting in.” – SVP of Cameco
ENTER AZINCOURT ENERGY
The company's East Preston Uranium project is located in the Athabasca Basin, Saskatchewan
Where is that and why should you care?
The Athabasca Basin is the world's leading source of high-grade uranium and currently supplies about 20% of the world's uranium
HIGHLIGHTS
If you’re hunting for a uranium deposit, this is what you need to see ... we continue to be well within a practical discovery timeline.
(CEO, Alex Klenman) 👨💼
⏩Over CDN$3 million in exploration expenditures on the East Preston Project over the past three years
"Analysis of the results shows uranium enrichment ... identified as uranium values above what would normally be expected in the given rock type or area."
⏩Multiple high-priority drill targets identified
"The company considers the drilling results to date to be significant, as major uranium discoveries in the Athabasca Basin such as McArthur River, Key Lake, and Millennium were primarily the result of drill testing of strong alteration zones related to conductor features".
SUMMARY OF EAST PRESTON PROJECT IN LAYMAN'S TERMS (THANKS CHATGPT)
1. The East Preston Project is an exciting project situated in a prime location where 🇨🇦AAZ 🇺🇸 AZURF is searching for valuable uranium.
2. Azincourt has identified several pathways below the earth's surface, resembling roads leading to potential uranium hotspots. These pathways are not just basic routes; they're intricate and complex, boosting the Company's confidence in finding substantial uranium deposits.
3. Drawing parallels, Azincourt targets resemble the rich uranium finds at:
⏩NexGen’s Arrow and
⏩Cameco’s Eagle Point mines
4. The advantage with East Preston is its position: it's nestled close to the surface, making it more accessible.
5. This means that while the uranium spots are relatively easy to reach, they also have the potential to be extensive in depth, akin to skyscrapers with many floors to explore.
6. Highlighting its potential further, the East Preston Project is sandwiched between two renowned uranium-rich regions:
⏩the PLS-Arrow and
⏩Cameco’s Centennial deposits.
This places Azincourt in a neighborhood known for its uranium abundance.
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🟢 For Informational Purposes Only
Do not make any investment decisions without speaking to your financial advisor