Categories: Energy / General Market Commentary
Topics: General Energy / General Market Commentary

Azincourt CEO Alex Klenman: 2020 Drill Program at East Preston a Big Moment

Azincourt Energy Corp (TSXV:AAZ, OTC:AZURF) CEO and President Alex Klenman discusses his company’s progress exploring Saskatchewan’s Athabasca Basin. Azincourt is currently exploring its 25,000-hectare East Preston project, located in the southwest portion of the Athabasca Basin. The company recently received all necessary permits for its upcoming 2020 drill program, which it intends to conduct as it works towards defining a resource at East Preston.

According to Klenman, Blackswan events and recent legislative challenges like the 232 initiative in the United States have cast a shadow over the uranium sector. Despite these setbacks, Klenman believes the supply and demand dynamics in the uranium space have the potential to drive the price upwards as society continues to rely on nuclear power as a sustainable energy source.