Full TCEC.c Webinar Summary & Breakdown + Video Replay Link Many analysts expect the recent ban on Russian uranium imports to create a 20% rise in enriched uranium prices. Immediate impacts may be limited due to prearranged purchases, but future negotiations could see uranium stocks reaching new highs.
https://oilprice.com/Energy/Energy-General/Russian-Uranium-Import-Ban-Sends-Shockwaves-Through-Energy-Markets.html
On Monday, Alex Klenman, CEO uranium junior Tisdale Clean Energy Corp. (TCEC.c or TCEFF for US investors) did a webinar with Red Cloud TV where he highlighted the Russian uranium ban and how his company may be one of the most undervalued uranium explorers in and around the Athabasca basin.
TCEC has an earn-in agreement with SYH for the South Falcon East Uranium Property which is just outside of the Athabasca basin. Notably, this basin provides more than 20% of the global uranium supply.
Klenman highlighted how the basin's perimeter has become more of an exploration target over the past 20 years, stating how its prevalence of surface opportunities is leading to easier management in terms of costs, drilling and exploration.
Drill holes show evidence that the South Falcon East project has several geological characteristics which are prominent in the most significant basement-hosted uranium deposits in the Athabasca basin. SYH received significant results from South Falcon East in its 2015 drilling campaign, such as 0.13 U3O7 over 6m including 0.165% over 2m.
Klenman stated that if it wasn't for SYH.v's two other flagship projects within the Athabasca basin, South Falcon East would likely be their focus.
South Falcon East contains the Fraser Lake Zone B deposit, which has a historical MRE, updated by SYH in 2015, of 6.9M lbs of U3O8 at 0.03% inferred as well as 5.3M lbs of ThO2 @ 0.023% inferred.
The deposit dips to the northwest with a current strike length of 1.4km, and is open to the East, Northeast, Southwest and at depth. Overall the exploration potential of the target area is considered exceptional.
TCEC's 2024 drilling has already returned results like:
-0.02% eU3O8 over 5.6 m (including a 0.2 m interval grading 0.11% eU3O8)
-& 0.03% eU3O8 over 4.1 m (including 0.11% eU3O8 over 0.2 m and 0.06% eU3O8 over 0.2 m)
Fraser Lakes B sits on the central limb of the project's Way Lake Conductor. Overall, the conductor extends over 25km within the project. There is a high potential for a string of deposits to be along the conductor, however little drilling has been done outside of the current deposit's footprint so far.
Klenman encouraged investors to do their own DD, "Google every single company in the basin and tell me what you find but at this Mcap, with what we have going for us, with the people behind the deal, with where we are and the fact that we have this deposit." Adding, "At this market cap, there is no other exploration company with the ability to earn pounds in the ground. It just doesn’t exist."
Full webinar replay here:
Posted on behalf of Tisdale Clean Energy Corp.