Mike Fagan,
Editor
Jan. 5, 2022
Consolidated Uranium Inc. (TSX-V: CUR)(OTC: CURUF) — trading firmly above C$2.90 per share — is surging into the new year with a focus on unlocking shareholder value through potential restart programs at its three past-producing US uranium-vanadium mines via its strategic alliance with Energy Fuels (NYSE-Amer: UUUU)(TSX: EFR).
In a newly released corporate update to shareholders, Consolidated Uranium CEO, Philip Williams, discusses the firm’s unique strategy of acquiring and developing uranium projects around the globe in what’s shaping up to be a uranium bull market with legs!
In just the last 24 months, the price of uranium has skyrocketed from US$20 per pound to currently above US$42 per pound, driven by favorable supply-demand fundamentals with prices still below what’s needed to incentivize new production to come online.
The International Atomic Energy Agency (IAEA) now projects global nuclear capacity to double by 2050. In other words, we’re at the very beginning stages of what should prove to be a higher uranium price environment for many years to come with which to spur on new production projects in the US and abroad.
The highly-adept team at Consolidated Uranium foresaw this seachange and is now well-positioned for growth via the advancement of its robust portfolio of uranium exploration and development projects.
In addition to the US-focused Energy Fuels project portfolio, CUR is simultaneously initiating work programs at its multiple uranium exploration projects in Canada, Australia, and Argentina.
Two key projects are the Matoush Uranium Project located in Quebec, Canada, and the Laguna Salada Uranium-Vanadium Project in Argentina. In all, the company boasts more than a dozen uranium projects with further M&A opportunities on the near-term radar as we begin the new year.
Consolidated also made a couple of key management additions last year with the appointment of Energy Fuels CEO Mark Chalmers to the board of directors and the appointment of professional mining engineer Marty Tunney as president and COO.
Finally, I would be remiss not to mention the recent and successful spinout of Labrador Uranium (LUR) — scheduled to list sometime in the current quarter — which is focused on the Moran Lake Uranium Project located in Labrador, Canada.
CUR shareholders-of-record will gain direct exposure to this exciting new uranium venture by receiving LUR shares on a pro-rata basis based on the number of CUR shares held at the time of completion of the spinout transaction.
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 really gets going.
Access Gerardo Del Real’s recent interview with Consolidated Uranium CEO Philip Williams and Newly-Appointed President & COO Marty Tunney.
And read our feature report on Consolidated Uranium.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest