Mike Fagan,
Editor
April 15, 2022
Consolidated Uranium Inc. (TSX-V: CUR)(OTC: CURUF) — currently trading around C$2.50 per share — has commenced a phase-one exploration program at its 100%-owned Laguna Salada uranium-vanadium project, Argentina.
The program, which will initially consist of ground geophysics and trenching, is focused on the La Rosada prospect — an area of considerable discovery potential with minimal previous exploration and historical grades up to 1.18% U3O8 and half a percent vanadium.
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Consolidated Uranium CEO Philip Williams commented via press release:
“We are excited to commence this program at Laguna Salada which represents the first new work on the Project since 2012. Featuring similar geology and mineralization to the area where a historic mineral resources was established at the Guanaco and Lago Seco zones, we believe that La Rosada provides potential to outline additional uranium and vanadium mineralization on the Project. We are very encouraged by some of the high reported historical uranium and vanadium grades at La Rosada, which our geologists confirmed on recent field visits through the widespread presence of high scintillometer counts and corresponding visible carnotite (a uranium-vanadium mineral) in shallow pits. Our plan is to systematically define the extent of potential caliche-hosted uranium and vanadium mineralization, which is the first step in advancing towards potential drilling on the Project.”
Additionally, Consolidated is working toward potential restart programs at the permitted and past-producing Tony M, Daneros, and Rim uranium mines, Utah, via its strategic alliance with Energy Fuels (NYSE-Amer: UUUU)(TSX: EFR).
Consolidated is also advancing the Matoush uranium project in Quebec, Canada, and the Ben Lomond and Georgetown uranium projects in Queensland, Australia.
And to top it all off, the company has successfully completed the spinout of Labrador Uranium Inc. (CSE: LUR)(OTC: LURAF), which is focused on the consolidation, exploration, and development of uranium projects in Labrador, Canada.
So needless to say… a very, very busy year for the Consolidated Uranium team with multiple uranium exploration programs underway in Tier-1 mining jurisdictions. And it’s all happening against a backdrop of a powerful bull market in uranium that has the uranium price up 50% year-to-date and trading at decade highs above US$63 per pound.
With global demand for clean, reliable, carbon-emission-free nuclear power sharply on the rise, Consolidated Uranium offers speculators exposure to uranium, plus other green-energy metals, via its vast portfolio of exploration projects, strong leadership, and solid treasury with which to move projects forward.
Cashed-up with approximately C$35 million in the bank — having recently closed on a C$20 million bought deal private placement — and with things heating up across the company’s growing base of uranium assets, speculators can expect steady news flow from CUR throughout 2022 as the uranium bull charges ahead.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest