Categories: Mining Stocks
Topics: Uranium Stocks

Uranium news: Brand new player launches in US uranium market

Premier American Uranium Inc. (TSX-V: PUR)(OTC: PAUIF) — currently trading around C$1.90 per share in a rising uranium market — is focused on the consolidation, exploration, and development of uranium projects in the United States.

You’re about to hear directly from Premier American Uranium (“PUR”) CEO Tim Rotolo who cofounded Sachem Cove Partners, a name that’s well-known among uranium mining circles.  

PUR was spun out of Consolidated Uranium (now IsoEnergy: TSX-V: ISO; OTC: ISENF) in November of last year and commenced trading on the TSX-V on 1 December 2023 and on the OTCQX on 8 December 2023. 

PUR is well-funded with approximately C$6M in the treasury and has the strong backing of Sachem Cove (~45% ownership stake), IsoEnergy (~13% ownership stake), and Mega Uranium (~5% ownership stake), along with additional institutional investors. 

Premier American Uranium is presently focused on advancing its uranium exploration assets in Colorado and Wyoming, as well as M&A initiatives, in what’s shaping up to be one of the strongest uranium bull markets ever. 

The focus on uranium projects within the safe confines of the USA fits well with the present climate of strong bipartisan support for increased uranium production from domestic sources as a means of lessening our dependence on supply from places like Russia, Kazakhstan, and Uzbekistan. 

Keep in mind also that it wasn’t that long ago when America produced all of the uranium it needed for its fleet of reactors (present day: 93 operating commercial nuclear reactors at 54 nuclear power plants in 28 states) and nuclear-powered vessels (present day: 72 submarines, 10 aircraft carriers, and one research vessel). 

Peak uranium production in the United States chimed in at over 40 million pounds annually. That was back in the 1960s through the 1980s. Today, that figure has plummeted to less than 1 million pounds per annum. 

Yet, with nuclear power back in the spotlight as the cleanest, most reliable baseload energy source on the planet, America’s once-dominant uranium sector is set for a major rebirth. And, hence, the well-timed launch of Premier American Uranium into the public markets. 

Key to America’s uranium production resurgence is the advent of Small Modular Reactors, or SMRs, which are becoming integral to the US Department of Energy’s goal of developing safe, clean, and affordable nuclear power options.

Small modular reactors: the future of nuclear energy generation in America and the world. 

A Focus on US-based Uranium Assets

PUR’s current uranium assets are the 100%-owned, past-producing Monogram Mesa, Atkinson, Outlaw Mesa, and Slick Rock projects in the Uravan Mineral Belt of Colorado and the 100%-owned and permitted Cyclone project (drill program planned for Q2 2024) in the Great Divide Basin of Wyoming. 

With a rich history of past production and historic uranium mineral resources, Colorado’s Uravan Mineral Belt and Wyoming’s Great Divide Basin are two of the most prominent uranium-producing regions in the United States. 

Work programs are underway to advance Premier’s robust project portfolio with increased news flow (including on potential M&A activity) anticipated in the coming weeks and months with the company now actively trading in both the US and Canadian markets. 

With uranium surging to decade-plus highs well above US$85 per pound with plenty of runway ahead, our own Gerardo Del Real of Junior Resource Monthly caught up with Premier American Uranium CEO Tim Rotolo to go over the timing, structure, and capital markets acumen that make PUR one of the most exciting firms to launch in the small-cap uranium space in recent memory. Please enjoy!

For more on Premier American Uranium Inc., be sure to contact the company’s IR department at info@premierur.com.

Visit the Premier American Uranium corporate website and sign up to receive updates directly from the company here. 

Yours in profits,

 

Mike Fagan
Editor, Resource Stock Digest