TCEC Set for a Bullish Breakout? (Article Breakdown) Tisdale Clean Energy Corp. (Ticker: TCEC.c or TCEFF for US investors) recently highlighted as having a very "bullish setup" by Streetwise Reports, possesses the option to acquire a 75% stake in the de-risked South Falcon East project, strategically located 18 km from the renowned uranium mining region of Athabasca Basin.
Noteworthy is TCEC's compact share structure, comprising 16 million shares, with a market capitalization below $3 million. Additionally, highlighting internal confidence, TCEC's CEO has recently invested over $93k in TCEC shares.
Spanning 12,234 hectares and offering logistical and geological advantages, the South Falcon East Project incorporates the Fraser Lakes Zone B deposit, which demonstrated promising results in a 2015 drill program, indicating potential high-grade uranium mineralization.
TCEC's option partner, Skyharbour (SYH.v), has recently updated the historical NI 43-101 mineral resource estimate for the deposit. The estimate reveals 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).
Anticipating expansion possibilities, TCEC plans a 2000-meter drill program in early 2024, focusing on high-grade areas to augment the existing resource. This initiative is expected to act as a significant catalyst for the year.
With recent funding from the closure of the first tranche of its private placement, generating $775,000 in gross proceeds, and additional financing in progress, TCEC is well-equipped for exploration.
In the article below a Streetwise Reports contributor argues that there is a bullish setup of TCEC.c in the uranium sector, presenting a strong case for a potential major bull run.
The author, technical analyst Clive Maund, reviews the company's 1-year and long-term charts, emphasizing the bullish signals. Tisdale Clean Energy is noted to be in a strong growth sector, uranium, with a low number of shares in issue, particularly in the float.
The 1-year logarithmic chart suggests the completion of a Cup & Handle base, indicating a potential breakout and the beginning of a new bull market.
The long-term 12-year chart highlights the company's historical capability for significant price movements. The modest number of shares and a relatively small float increase the likelihood of substantial gains.
Notably, the CEO's consistent buying of company stock is mentioned as a positive indicator. The article concludes by rating Tisdale Clean Energy as a Strong Buy for all timeframes. Important disclosures regarding sponsorship, ownership, and compensation are provided at the end of the article.
Full article here: https://www.streetwisereports.com/article/2024/01/30/uranium-stock-gearing-up-for-major-bull-run.html?utm_source=TCEC
Posted on behalf of Tisdale Clean Energy Corp.