Surging Uranium Prices Unleash Opportunities Uranium prices have surged fourfold over the past four years due to increased demand for nuclear power and supply challenges. This rise is linked to growing interest in uranium as a key component in the nuclear power industry amid global efforts to promote clean energy. However, despite this significant price increase, shares of uranium mining companies and ETFs have not kept pace with the market's recovery.
https://www.marketwatch.com/story/uranium-prices-have-quadrupled-so-why-are-mining-stocks-lagging-2aab3ecb
Nestled 18 km from the Athabasca Basin, a prolific uranium mining location, Tisdale Clean Energy Corp. (Ticker: TCEC.c or TCEFF for US investors) holds the option to acquire a 75% interest in the de-risked South Falcon East project.
![User image](https://preview.redd.it/64tekwomlvec1.png?width=427&format=png&auto=webp&s=f14f0e7345019d9e6c7d91734d34777498d953b6)
Covering 12,234 hectares and offering logistical and geological advantages, the project features the Fraser Lakes Zone B deposit, which showed promising results in a 2015 drill program, indicating potential high-grade uranium mineralization.
TCEC's option partner, Skyharbour, recently updated the historical NI 43-101 mineral resource estimate for the deposit.
The estimate suggests the presence of 6,960,681 pounds of U3O8 inferred at an average grade of 0.03% U3O8 and 5,339,219 pounds of ThO2 inferred at an average grade of 0.023% ThO2 within 10,354,926 tonnes (cutoff grade of 0.01% U3O8).
This resource estimate has the potential to be expanded, therefore TCEC is planning a 2000-meter drill program for early 2024.
This initiative is expected to serve as a significant catalyst for the year, focusing on high-grade areas to enhance the existing resource.
TCEC is well-financed for exploration, having recently closed the first tranche of its private placement, generating $775,000 in gross proceeds, with additional financing in progress.
Notably, TCEC has a tight share structure of 16 million shares and a market capitalization below $3 million. Furthermore, demonstrating high internal confidence, TCEC's CEO has purchased over $93k worth of TCEC shares this month alone.
More here: https://www.tisdalecleanenergy.com/latest
Posted on behalf of Tisdale Clean Energy Corp.