Positioned for Growth in the New Uranium Bull Market

consolidated uranium logo.png

(TSX-V: CUR)(OTC: CURUF)


 

Historically, consolidating sectors in bear markets is an excellent plan.

But few companies are able to achieve it because they typically have limited cash at the bottom of the market cycle. 

The team at Lumina Copper, led by mining legend Ross Beatty, was notably among the best.

It acquired several copper projects in the early-2000s for about $175 million. And by 2005, it split itself into four companies. The total return of those projects was over $1.5 billion to shareholders.

From 2002 to 2008, copper soared 500%.

As you can imagine, with that kind of tailwind, high-quality copper projects soared in value… taking stock prices along with it.

Today, there’s a new analogue — and company — to that copper opportunity: Consolidated Uranium Inc. (TSX-V: CUR)(OTC: CURUF).

From January 2005 to December 2006, Mega Uranium followed this model of consolidating assets. It raised C$50 million and acquired nine projects. Its market cap went from C$15 million to C$940 million — a 60X increase.

mega-and-u-price-2005-2006.jpg

Several other uranium companies — such as Paladin Energy, Energy Metals, and Uranium One — had success with the same consolidation model as well.

Today, uranium prices are staging something similar to the aforementioned copper rally with a solid move from US$25 to currently US$43 per pound with tons of runway left.

The top-emerging junior currently deploying the consolidation model to the benefit of early shareholders is Consolidated Uranium Inc. (TSX-V: CUR)(OTC: CURUF).

Consolidated Uranium took a page from Lumina Copper’s playbook. They’ve collected a fantastic uranium portfolio that they can develop and/or joint venture at a profit for the next decade.

Here’s why…

 

Alternative Energy is Great Until It Doesn’t Work

There’s increasing recognition that nuclear power — with its clean emissions profile, reliable and secure baseload characteristics, and low levelized cost — has a key role to play in achieving global decarbonization efforts.

Coal is all but dead. And filling that gap in electric power with clean nuclear energy will create huge opportunities for well-positioned investors.

For the past 100 years, coal-fired power plants supplied a critical part of the world’s electricity. These plants never shut down. They just percolated in the background, generating power 24 hours a day.

That’s called “baseload” power. Without it, you end up with brownouts or full outages.

As governments around the world closed those coal plants, they replaced them with alternative power like wind and solar.

Those sources don’t supply baseload power. So the frequency of weather-related outages jumped.

It happened to England in June 2018 when the winds dropped to nothing for two weeks. At the time, the country only generated 4% of its power from wind turbines. But that loss drove power prices to decade highs… because they didn’t have enough.

During ideal conditions, those wind turbines can produce the electrical power equal to twelve nuclear power plants. But not when it’s calm.

It happened again in November 2020. Calm weather created a problem for the grid. It fell 1.5% short of demand. As noted by Ellen Wald in her essay in Forbes:

“National Grid was forecasting a shortfall of 740 MW (1.5%) in the extra power plant capacity it needs to have available at all times to meet demand or pick up slack in the event a power plant breaks down. It is important to note that this happened at the beginning of November, not in the heat of summer when air conditioning can strain grids or an abnormally long cold snap in the winter. No, this was not caused by overburdening the grid but by overreliance on unreliable alternative energies.”

It happened again in the US over Valentine’s day weekend in 2021. A huge blizzard froze wind turbines across the state of Texas. Two million customers lost power.

It stressed the state’s power grid so badly that customers who didn’t lose power faced rolling blackouts for the first time in a decade.

Utilities cut 10.5 gigawatts of power demand to ease strain on the power grid throughout the state.

We expect these events to begin a nuclear power renaissance around the world.

Power outages aren’t acceptable in today’s online world.

Wind, solar, and hydro power are all great. But they each have a significant flaw: calm, night, and drought, respectively. As a society, we need power all the time — not just when conditions are optimal.

That’s one of the biggest problems for carbon-free power sources. If you rely only on wind and solar, you will fall short at times. The clients end up paying more for the power and it can damage the power grid.

Renewables are going to be a large part of the future to be sure. But they need a baseload counterpart… an energy source that can stay on all the time with zero emissions.

Fortunately, there is a carbon-free answer: Advanced nuclear power plants and SMRs (Small Modular Reactors).

China, Japan, India, South Korea, and even the US are now fully onboard with a cleaner energy future that will require vast amounts of uranium.

In fact, China just confirmed its intent to build 150 new nuclear reactors over the next 15 years as part of their newly-enhanced decarbonization mandate. That's more reactors than have been built in the last 35 years! 

France also just announced they’re going to be building a new generation of nuclear reactors for the first time in decades. Several other European countries like the Netherlands, Czechia, Poland, Estonia, Slovenia, and Serbia have emerged as candidates for new nuclear capacity.

And there’s also the advent of Small Modular Reactors — or SMRs — right here in America.

SMRs offer key advantages over traditional reactors such as relatively small physical footprints, reduced capital investment, ability to be sited in locations not possible for larger nuclear plants, and provisions for incremental power additions.

In other words, strong tailwinds are forming for the uranium sector at large.

However, there’s a problem with fuel for those new reactors. The uranium price cratered in 2011 following the Fukushima Daiichi disaster in Japan. An earthquake followed by a tsunami devastated the nuclear power infrastructure there.

u3o8-prices.png

As you can see, the price of uranium fell about 75% from 2011 to 2017 before starting to recover.

That collapse created many orphaned uranium projects.

But it also left many excellent projects selling for just pennies on the dollar. 

That’s where Consolidated Uranium (TSX-V: CUR)(OTC: CURUF) took full advantage by securing a globally diversified portfolio of uranium exploration and development projects at a time when few others were looking.

  • CUR is in the right sector at the right time; uranium is currently in a bull market trend and has the potential to deliver robust returns for equity investors;
  • CUR has the right team, which together boasts decades of uranium, M&A, exploration, and mine development expertise;
  • CUR has the right portfolio located in top-tier mining and uranium jurisdictions with high grades on a global scale with significant past expenditures and near-term production potential; and
  • CUR has a proven track record; in less than two years, the company has executed multiple M&A transactions, secured multiple financings, and has increased market recognition as measured by share price and trading liquidity.

For speculators, the important thing to keep in mind is that the uranium sector is highly cyclical in nature. 

And with uranium currently enjoying its first major resurgence post-Fukushima-2011, the annual supply-demand gap — which currently stands at 20 million pounds U3O8 — points to a highly bullish scenario for uranium prices going forward.

In fact, we’ve already seen a nearly 40% increase in uranium spot prices since a year ago and a 22% increase in the long-term price.

What we’re looking for next is for the major US utilities to come in and start purchasing U3O8 contracts at higher uranium prices.

That cycle is forming now. 

And as the spot market continues to thin, utilities are beginning to shift their attention to securing material for their uncovered requirements. And not just in off-market negotiations. Increased interest in on-market, long-term contracting is emerging as well.

That entry is kicking off what many experts believe will be a swift and sustainable uranium price move from the current $43/lb range to $75/lb and perhaps even higher.

Once that happens, those select few well-positioned uranium juniors like Consolidated Uranium could see their respective share values rise in dramatic fashion.

In fact, we’re already beginning to see the early stages of that projected value increase as demonstrated by the 12-month chart (below) for Consolidated Uranium.

The key for investors is owning select, top-quality uranium names at the early stages of uranium’s resurgence — just like what we witnessed in 2007 when U3O8 prices rocketed to $140 per pound… bringing the vast majority of North American uranium companies along for the ride.

Fasten your seatbelts… because the new uranium bull market is here… and Consolidated Uranium Inc. is next! 

 

Consolidated Uranium
(TSX-V: CUR)(OTC: CURUF)

Deploying a Proven Method in a Rising Sector

Consolidated Uranium is a sub-C$200 million market cap junior uranium mining firm.

The company has a tight share structure with just over 70 million shares outstanding and has cash and equivalents of over C$35 million and no debt.

Two important uranium companies — Mega Uranium and Energy Fuels — own 4.2% and 19.9% of CUR shares, respectively. Management and insiders own another 5%. Institutions like Sachem Cove and Segra Capital own another 36%.

This junior packs a big punch in leadership. Its founders are the same team behind NexGen Energy (NYSE: NXE)(TSX: NXE) and Mega Uranium (TSX: MGA)(OTC: MGAFF). Mind you, NexGen is a US$2.2 billion uranium company.

In Q4 2021, CUR tapped Marty Tunney — a professional mining engineer with 18 years in natural resources, including previous roles with majors Newmont and Inco — as president and COO.  

Mr. Tunney commented via press release:

“I am thrilled to be joining Consolidated Uranium and look forward to working with such a strong team. We will work to advance the portfolio of projects and build upon the strong foundation that Phil and the group have created over the last 18 months. I firmly believe that we are uniquely positioned to capitalize on the critical role that nuclear power plays in carbon-free energy, and I look forward to increasing shareholder value as the globe transitions to green energy.”

 

Strategic Alliance with Energy Fuels

In Q4 2021, Consolidated Uranium announced a key alliance with Energy Fuels Inc. (NYSE-Amer: UUUU)(TSX: EFR) — the largest uranium producer in the United States. 

As part of this landmark agreement, CUR has acquired a portfolio of conventional uranium mine projects located in Utah and Colorado. 

The acquisition — which includes the permitted and past-producing Tony M, Daneros, and Rim mines, Utah — establishes CUR as a new player in the US uranium sector:

Tony M Mine: Located in the Henry Mountains area of southeastern Utah, the project is a large-scale, fully developed and permitted underground mine that operated most recently in 2008.

Daneros Mine: Located in the White Canyon district, the project is a fully developed and permitted underground mine that was most recently in production in 2013.

Rim Mine: Located in the East Canyon portion of the Uravan mineral belt, the project is a fully developed and permitted underground mine that was most recently in production in 2009.

These past-producers are the immediate focus for CUR.  

All three mines are currently on stand-by, ready for rapid restart as market conditions permit — thereby positioning CUR as a potential near-term US uranium producer.

Ore is to be processed at Energy Fuels’ White Mesa Uranium Mill, Utah — the only conventional uranium mill operating in the United States today.  

Importantly, as part of the alliance, Energy Fuels will continue to have significant skin-in-the-game via a robust ownership stake in CUR to the tune of 19.9%.

That means they have a vested interest in seeing these mines up and running again in this new era of higher uranium prices. 

And remember — after dominating the uranium space in the ‘60s, ‘70s and ‘80s — the United States currently produces almost zero uranium… so these past-producing mines may soon prove vital to America’s U3O8 production resurgence.  

Our exclusive interview with Consolidated Uranium chairman & CEO, Philip Williams, is coming right up. In regard to the Energy Fuels alliance, he had this to say:

“This is a seminal moment for Consolidated Uranium. With the closing of this acquisition and entering into of the toll-milling and operating agreements, CUR is firmly established as a U.S. uranium player with near term production potential from a portfolio of past producing mines with a clear pathway to production from guaranteed access to the White Mesa Mill. We have been very busy in the background putting plans in place to accelerate development of these projects and look forward to updating the market on that plan in due course…”

The alliance also brings with it the appointment of Energy Fuels president & CEO, Mark Chalmers, to the CUR board. Mr. Chalmers added: 

“We are pleased to partner with Consolidated Uranium in unlocking the value of these significant U.S. uranium assets … We look forward to working with Phil and his team to advance these projects in the near term, while also providing our shareholders with an opportunity to enjoy significant exposure to the future share price performance of CUR.” 

CUR shareholders can expect a steady stream of news flow from these projects in the coming quarters. 

 

Labrador Uranium Spinout  

In Q1 2022, Consolidated Uranium completed the highly-successful spinout of Labrador Uranium Inc. (“LUR”), which is focused on the consolidation, exploration, and development of uranium projects in Labrador, Canada.

LUR’s flagship is the Moran Lake Uranium Project located in the Central Mineral Belt (CMB) of Labrador, Canada. The company controls the majority of that mineral belt with a land package spanning approximately 125,000 hectares.

lur-district-scale-claims-across-labrador

LUR has identified more than 140 targets across its expansive property portfolio and is currently putting together a comprehensive exploration plan (see video) for summer 2022. 

In addition to the flagship Moran Lake property, the LUR team is focused on advancing the drill-ready Notakwanon Uranium Project, which was originally discovered by Altius Minerals. The company is working on permitting with plans to get the drills turning this summer. 

Labrador Uranium is well-funded having raised approximately C$10 million via private placement. Led by CEO Stephen Keith, the company has assembled a top-notch technical team with decades of combined experience in the uranium industry. With a dominant land position in the Central Mineral Belt, LUR’s focus now shifts to exploration on multiple projects. 

Philip Williams, CEO, added: 

“We are pleased to be announcing the partnership with Altius in the formation of Labrador Uranium. We believe that the Central Mineral Belt is an important uranium camp in Canada, which has tremendous exploration potential for uranium and other metals. As CUR focuses on near-term production in the United States, we determined that repositioning the Moran Lake Project as a part of a larger, Labrador-focused exploration portfolio would be the best way to unlock value for our shareholders. We liken this transaction to the original IPO of Aurora Energy in 2006 whose main asset was the Michelin Project. That company garnered a peak market cap of over $1.3b in 2007 and was ultimately taken over by Paladin Energy in 2011.”

Again, one of the primary drivers of the consolidation process is the strategy of maintaining significant skin-in-the game. And CUR has done this perfectly with its significant ownership stake in Labrador Uranium, which is now a majority-controlled subsidiary. 

CUR shareholders-of-record also have direct exposure to this exciting new uranium venture via the receipt of LUR shares on a pro rata basis based on the number of CUR shares held at the Record Date.

 

Matoush Uranium Project Acquisition 

In Q2 2021, Consolidated Uranium acquired 100% of the high-grade Matoush Uranium Project located in Quebec, Canada. Matoush is considered an advanced-stage exploration project (413 mining claims; 217 sq km) with a substantial high-grade historic resource of:

  • 586,000 tonnes Indicated at an average grade of 0.95% U3O8 containing 12.3 million lbs of U3O8
  • 1,686,000 tonnes Inferred at an average grade of 0.44% U3O8 containing 16.44 million lbs of U3O8

The Matoush acquisition adds to an impressive property portfolio of 13 projects in four countries for Consolidated Uranium.

 

Key Australian Assets

Consolidated Uranium has established a strong presence in Queensland, Australia, via a series of strategic acquisitions.

Milo Uranium-Copper-Gold-Rare Earth Project: The Milo deposit is a large breccia-style system characterized by occurrences of base and precious metals mineralization, including rare earth elements (REEs), which are very much in the news these days for their critical applications in the green-tech and defense-tech fields.

Ben Lomond Uranium-Molybdenum Project: The Ben Lomond deposit is estimated to contain 10.7 million lbs U3O8.

Georgetown Uranium Project: The Georgetown deposit is estimated to contain 6.33 million lbs U3O8. 

 

Exclusive Interview with Consolidated Uranium
CEO Philip Williams

phil-williams-consolidated-uranium.jpg

Our own Gerardo Del Real of Junior Resource Monthly sat down with Consolidated Uranium CEO, Philip Williams, for an in-depth discussion on all-things CUR. Enjoy!

 

Gerardo Del Real

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the chairman & CEO of Consolidated Uranium — Mr. Philip Williams. Phil, how are you today?


Phil Williams

Phil Williams: I'm doing very well, Gerardo. Nice to talk to you again. It's been too long.


Gerardo Del Real

Gerardo Del Real: It's been too long… not because of a lack of activity on your part. You have been busy, busy, busy unlocking value from a multitude of angles.

I want to get into the news where you closed the acquisition and the strategic alliance with Energy Fuels. You describe it as a seminal moment. I couldn't agree with you more. Congratulations on getting that done!

For those that may not be familiar but are now looking at uranium, the new bull market, quality names and quality teams of which there are few — can you explain briefly what this acquisition and this alliance means for the company?


Phil Williams

Phil Williams: Yeah, thanks, Gerardo. And absolutely, this is a seminal moment, a seminal transaction, for the company.

And, really, as we've been building Consolidated Uranium, acquiring projects all around the world, we've always been looking for… how can we take our portfolio to the next level… how can we bring advanced to near-term production assets and enter into the better jurisdictions? And this checks two of those boxes.

So we're acquiring a portfolio from Energy Fuels in the US, in Utah primarily, but also in Colorado. And what's really exciting about this portfolio is we're buying past-producing mines. Mines that were in production in the last bull market and can very quickly, very cheaply, very easily be taken back into production as market conditions continue to improve.


Gerardo Del Real

Gerardo Del Real: How important is diversifying the jurisdiction risk of the multiple assets now in the portfolio?


Phil Williams

Phil Williams: It's huge. And it was absolutely one of the number one tenets that we pursued when we were creating the company.

And having been around the uranium space now for over 15 years, time and time again I saw single asset, single jurisdiction companies be derailed for some kind of mostly geopolitical event, whether a ban on uranium mining, a moratorium on uranium exploration, or some kind of other event that took a project from hero to zero overnight.

So we very much purposely wanted to insulate ourselves and our shareholders from that potential negative impact. And that's why we're in Canada, Australia, Argentina, and now the US.


Gerardo Del Real

Gerardo Del Real: You've also strengthened the board. You added Mark Chalmers, who is as sharp as they come, to the Consolidated Uranium board. Can you speak to his experience a bit and just what that means for the company?


Phil Williams

Phil Williams: Sure, I can't say enough about Mark and his background. Obviously, I think he's well-known in the industry. He's a 40-year mining engineer. He's worked in uranium projects around the globe.

And so from that perspective, it's a huge add for the board. But I think what the most interesting part of this is… we're buying this package of assets from Energy Fuels… but this is not a sale and walk away from these assets. With Mark joining the board and the equity interest that they're taking in Consolidated Uranium — they're committed to this company.

And Mark has some great ideas and is really excited about joining the board and helping to take this company to the next level.


Gerardo Del Real

Gerardo Del Real: You also just announced a very oversubscribed private placement by Labrador Uranium for proceeds of up to C$7 million. I understand the book was well north of that to the point where you had to close it out almost immediately.

Can you speak to that transaction? I'm biased. I've written a couple of checks already. I'm looking forward to writing more at higher prices. Talk to me a bit about that.


Phil Williams

Phil Williams: Yeah, we're super excited to get Labrador Uranium out into the market. It's something we've been working on in the background for a while. And again, as we buildthis portfolio, we're always looking two steps ahead as to how we can realize value in the various different assets and how to put that value directly into our shareholders’ hands.

So Labrador Uranium is our Labrador project, Moran Lake, married with a big package of ground that Altius Minerals is contributing. Importantly, every CUR shareholder of record will get their pro rata share of Labrador shares that CUR is getting. And we were blown away by the response, particularly on that placement that you're referring to.

We went out to raise C$7 million; we'll actually raise C$8 million. There's an over-allotment that is entirely full. And people get it. I mean, we are now the largest landholder in the Central Mineral Belt (CMB) of Labrador. This is a potentially world-class jurisdiction. It was a hot-bed of activity in the last bull market.

It went quiet post-Fukushima. Everybody left… and now we have all of the good ground except for what Paladin owns, which is the Michelin project; a bona fide world-class resource well over a hundred million pounds of uranium.

And so between Paladin and ourselves, we own the entire camp. And I think it's going to heat up very, very quickly thanks to what we're doing there at Labrador.


Gerardo Del Real

Gerardo Del Real: It should be noted that the Michelin project is a heck of an analog, given that, at its peak, it had a market cap of over US$1.3 billion in 2007, right?


Phil Williams

Phil Williams: Yeah, again, we always look for playbooks, like… what worked in the past and how can we emulate that model? When we started Consolidated and took the consolidation approach, there were analogs like Mega Uranium, Paladin, Energy Metals — a few other groups that did this very successfully then.

At the same time, now, as we're looking to create some new vehicles and new ways for our shareholders to benefit from the assets in our portfolio, we just looked into Labrador and remembered what Aurora Energy did… getting that peak market cap, taking a small resource and expanding it by raising capital and putting dollars in the ground.

That's exactly what we're going to do here. And if we could get anywhere near the same kind of response that they did in that past cycle, it would be a tremendous result for Labrador Uranium and for CUR shareholders.


Gerardo Del Real

Gerardo Del Real: You also just acquired a uranium-copper-gold-rare earth project that is very interesting to me in Queensland, Australia. Congrats on the deal!


Phil Williams

Phil Williams: Yeah, thank you… and we're very excited about it. And look, the Energy Fuels assets are our marquee projects and so, clearly, that's the focus. But I think what people need to understand about our company is that we're always on the lookout for new opportunities. And this fits in that basket.

Of course, we've been looking at it for a while. But we have this beachhead of assets already in Queensland with our Ben Lomond and Georgetown projects. Those were the first uranium projects that we acquired as a company almost two years ago now. And we have people in Brisbane who are on the ground, and they alerted us to this asset maybe six months ago.

And I will tell you that, originally, I didn't think it was for us. I thought… okay, it's multiple commodities… we're a uranium-focused company. But then, as I started to look at it more, I saw exploration potential… I saw in-ground resources… I saw rare earths.

And certainly, as we look to develop uranium in Queensland, having other commodities I think is going to be a very big benefit for the company. So we jumped all over it… been working on it for now, maybe, two months and very happy to get it on the tape.


Gerardo Del Real

Gerardo Del Real: The mineral package… the commodities that you now gain exposure to are the right ones, right? It's uranium, it's copper, it's gold, and it's rare earths.

Tell me a bit about the project and just what the plan is as far as exploration goes. You talk about being very, very aggressive in 2022 with the suite of projects that you've been able to roll into Consolidated Uranium. What's going to be the approach here?


Phil Williams

Phil Williams: Well, it's interesting and you're right. So we've pivoted in a sense. Originally, Consolidated was… bring the projects together and sit and wait for the market to come to us, and then go and do work.

Well, the market is here now. So now, we're going to get to work. And what we really like about Milo, on top of the existing resource — and the owners of the project, GBM, had spent quite a lot of money on it not only outlining these historic resources that are in our press release and putting some economics around it — but what they hadn't done was they hadn't really tested the full exploration potential of the project.

And if you look at that press release, there’s a map… and there are two areas to the north and to the south that look identical to the current resource.

So I think the really low-hanging fruit for us is… let's go out there and see if we can add to those resources by simply testing those new targets. And if they come in — then there's no telling how big this project could get.


Gerardo Del Real

Gerardo Del Real: That's exciting stuff. How is the financing coming along for Consolidated?


Phil Williams

Phil Williams: In terms of the Consolidated Uranium financing, that was upsized from C$15 million; we're going to raise C$20 million. And I can tell you that Energy Fuels is going to participate on top of that. And so we're actually going to end up raising C$25 million through that financing. And so we're going to be extremely well cashed-up as a company for an exciting year.


Gerardo Del Real

Gerardo Del Real: We've both seen bull cycles. I believe that this is early. There are several people that believe they may have missed out on the run. I think it's early innings. Give me your take, Phil.


Phil Williams

Phil Williams: No, exactly… you haven't missed it! I mean, certainly, the names have come up from cycle-low prices, and that's to be expected. We’ve had a good move in the uranium price and lots of enthusiasm.

But when you look at the macro side of it, you look at all of the positive developments that are happening in the nuclear space around the world… countries that were previously thinking about shutting down reactors are now, not only saying that's not going to happen, but potentially adding new reactors.

Plus, the general growth; that side of the picture continues to look very robust. And then, on the supply side, we just simply do not have a high enough price to incentivize existing mines to keep producing or new mines. So prices are going to go higher.

And then, the third leg of the whole macro side of it is the financial players. And they're coming and they're coming in force. We've seen it with Sprott. We've seen Yellow Cake just raised another US$150 million to buy physical [uranium] the other day.

A new uranium physical fund is being created by the Kazakhs and will be listed in Astana. And it's not the end of the story. And what'll happen is what's happened time and time again in the uranium space — it will get ludicrous!

Prices will spike and valuations will go to levels that you couldn't even foresee. And certainly, we think we're smack dab in the center of that action, and we're going to benefit from it when and if it comes.


Gerardo Del Real

Gerardo Del Real: I think you're positioned perfectly. That's very well said, Phil. Thank you so much for your time today. Anything else to add to that?


Phil Williams

Phil Williams: No, just watch this space. We've been very busy on the acquisition front. We've got lots of other things that we're looking at and want to do.

There are tremendous opportunities in front of us. And we're going to continue to find creative new ways to realize value to shareholders and get value directly into our shareholders’ hands. So don't blink!


Gerardo Del Real

Gerardo Del Real: Well said! Thanks again, Phil.


Phil Williams

Phil Williams: Thanks, Gerardo.

 

Consolidated Uranium Offers Lower Risk &
Huge Upside Potential

Consolidated Uranium is far from a “grassroots” exploration company. 

In fact, in its relatively brief trading history, CUR has amassed a large and diversified portfolio of 13 uranium exploration and development projects that hold a significant amount of uranium plus other key metals.

It’s a company that was literally put together to capitalize on an anticipated uranium market resurgence using the proven model of diversified project consolidation.

That resurgence is happening now!

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. 

To date, Consolidated Uranium has acquired, or has the right to acquire, uranium projects in Australia, Canada, Argentina, and the United States — each with significant past expenditures and attractive characteristics for development.

Most recently, the company entered into a transformational alliance with Energy Fuels Inc. (NYSE-Amer: UUUU)(TSX: EFR) — the largest uranium producer in the United States — on the acquisition of a portfolio of permitted, past-producing conventional uranium and vanadium mines in Utah and Colorado.

Those mines are currently on stand-by, ready for rapid restart as market conditions permit, thereby positioning CUR as a potential near-term US uranium producer.

The company has also completed the highly successful spinout of Labrador Uranium, which is focused on the consolidation, exploration, and development of uranium projects in Labrador, Canada. 

CUR is also advancing its newly-acquired Matoush Uranium Project located in Quebec, Canada, and its Milo, Ben Lomond, and Georgetown projects in Queensland, Australia. And it has completed the acquisition of the Laguna Salada Uranium-Vanadium project in Argentina.

Consolidated Uranium is the beneficiary of strong financial backing from Sachem Cove Partners and Segra Capital — perhaps the two best-known financial institutions in the worldwide uranium market. 

Attractively priced relative to its peers — and with cash and equivalents north of C$35 million having just raised C$25 million — CUR is currently trading at an adjusted enterprise value/resource multiple of US$0.65/lb U3O8 which is a >40% discount to other uranium exploration and development companies with projects around the world.

With global demand for clean, reliable, carbon pollution-free nuclear power sharply on the rise, Consolidated Uranium offers speculators exposure to uranium via its vast portfolio of exploration projects, strong leadership, and solid treasury with which to move projects forward.

Speculators can expect steady news flow from CUR throughout 2022 and beyond as the uranium bull really gets going. 

Now is an excellent time to begin conducting your own due diligence on Consolidated Uranium Inc. — symbol CUR on the Toronto Venture Exchange and symbol CURUF on the US-OTC Bulletin Board Exchange. 

A great place to start is the company’s corporate website.

Sign-up to receive all the latest CUR news in real-time.

And be sure to follow our exclusive interviews with upper management and much more.

 

— Resource Stock Digest Research

 

Coverage made possible by the sponsorship of our featured companies: