Kazatomprom, the world's largest uranium miner, foresees production challenges in the next two years, resulting in a shortfall in meeting targets by 2025. As a significant global contributor, accounting for over one-fifth of uranium production, this development is poised to further elevate uranium prices, which are already at 16-year highs.
Source: https://www.msn.com/en-us/money/markets/uranium-prices-could-rally-past-16-year-highs-as-the-worlds-largest-producer-runs-short/ar-BB1hdBFz
Situated 18 km from the Athabasca Basin, a renowned uranium mining region, 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.
Noteworthy is TCEC's tight share structure of 16 million shares and a market capitalization below $3 million. Moreover, underscoring high internal confidence, TCEC's CEO has purchased over $93k worth of TCEC shares in January alone.
Encompassing 12,234 hectares and offering logistical and geological advantages, the South Falcon East Project includes the Fraser Lakes Zone B deposit, which exhibited promising results in a 2015 drill program, indicating potential high-grade uranium mineralization.
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TCEC's option partner, Skyharbour (SYH.v), recently updated the historical NI 43-101 mineral resource estimate for the deposit.
The estimate indicates 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).
Given the potential for expansion, TCEC is planning a 2000-meter drill program in early 2024, aiming to focus on high-grade areas to enhance the existing resource. This initiative is expected to serve as a significant catalyst for the year.
TCEC is well-funded for exploration, having recently closed the first tranche of its private placement, generating $775,000 in gross proceeds, with additional financing in progress.
More on TCEC 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.