Yesterday, Tisdale Clean Energy (TCEC.c TCEFF) announced the appointment of Jordan Trimble, President and CEO of Skyharbour Resources to its Advisory Board, effectively strengthening its ties to the uranium company as TCEC continues to develop the South Falcon East Project.
Skyharbour is a uranium explorer and prospect generator in the Athabasca Basin and TCEC's Project partner at the South Falcon East Project.
Under Trimble's leadership, Skyharbour grew from a $2M shell company to a $90M market cap as a leading exploration company in the Basin that is now advancing numerous projects including its co-flagship Moore and Russel Lake Uranium projects, alongside a portfolio of over 587,000 hectares of mineral claims across 29 projects.
Trimble brings significant experience in the uranium sector, providing vital insight to TCEC in his advisory board, as detailed by TCEC CEO Alex Klenman:
“I’ve known and worked with Jordan for over a decade now, and I’m very happy we’re able to bring him on as a key advisor to Tisdale,”
"As we develop the South Falcon East project and grow the Company, Jordan’s knowledge of the Athabasca Basin combined with his deep understanding of the uranium sector as a whole will have a positive impact on our ability to grow the Company,”
Trimble himself commented:
“With Skyharbour as a project partner at South Falcon East, and with Tisdale recently commencing their inaugural exploration programs at the project, I am happy to join Tisdale as an advisor,”
"The South Falcon East project is an advanced-stage exploration asset that hosts a near-surface uranium resource with strong expansion potential as well as robust discovery upside potential regionally on the property. Skyharbour as a large shareholder of Tisdale is excited for the company to unlock further value at the project.”
Tisdale's Winning Formula
With a strategic focus on its historic resource and derisked project, TCEC has emerged as a high potential and undervalued opportunity with a low market cap, poised to revolutionize the uranium sector as one of the few junior explorers in the Athabasca Basin that has a pre-defined resource.
Unlike many junior explorers in the Athabasca Basin who grapple with the challenge of making a discovery and even the absence of a resource, TCEC boasts a different narrative with its South Falcon East Project.
Boasting a historical resource with 7 million pounds of uranium delineated with above average grade and the potential to substantially increase its grade and size, the 12,464 hectare South Falcon East Project is a de-risked project that hosts the Fraser Lakes B Uranium Deposit.
With pounds in the ground already, TCEC's undervalued status provides a substantial advantage as significant resource value can be added as the resource is built out.
Executing on its Expansion Plan
“This is what we need to see as we confirm then pursue expansion. We are starting with a historical resource of nearly 7 million pounds of uranium contained in a shallow deposit. The opportunity we have here is exceptional, certainly unique for a company with our market cap, and we believe we’re just scratching the surface in terms of what can be achieved at South Falcon East,”
With the completion of the first two drill holes at South Falcon earlier this month, TCEC's initial 2024 program is underway, targeting up to 1500m of drilling in two phases with the main priority targeting the confirmation and expansion of existing mineralization.
The first two holes saw the intersection of multiple zones of uranium mineralization over 13.5m, confirming the presence of mineralization in the vicinity of the historical hole with noteworthy findings of 0.02% eU over 5.6 m from 129.65 to 135.25 m, 0.03% eU over 4.1 m from 137.65 to 141.75 m and 0.02% eU over 1.3 m from 142.15 to 143.45 m
Notably, previous drilling undertaken at the project, saw an almost 500% increase over the grade of the deposit, demonstrating that "there's higher grade material within this deposit and potentially elsewhere on the project ground".
With a low market cap of only $2.47M, a derisked project and uranium in the ground, TCEC is on track for significant resource expansion potential as the current mineralization is open in all directions.
For more information, refer to the latest interview with TCEC CEO Alex Klenman, detailing its "Discovery Drilling During a Healthy Uranium Consolidation" with Resource Stock Digest: https://www.youtube.com/watch?v=S6hXHFsyphM Posted on Behalf of Tisdale Clean Energy Corp.