Having long been experiencing notable developments, uranium prices have surged to almost 15-year highs amid production and supply concerns, especially with Kazatomprom warning it's likely to fall short of its output targets over the next two years.
With spot prices agonizingly close to US$100 per pound, uranium's bullish trend indicates strong demand and potential growth in the sector as investors continue to support bullish sentiment.
7 Million Pounds of Uranium Delineated in the Athabasca Basin
As detailed during a recent presentation with Red Cloud Financial Services, Tisdale Clean Energy (TCEC.c TCEFF) 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: https://youtu.be/ff6TumloT_4?si=QIiwDM-YhRuFeRwg
TCEC's CEO, Alex Klenman, detailed the company's unique capability to develop a multi-million pound near-surface historical uranium deposit.
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.
The de-risked and 12,464 hectare South Falcon East Project boasts a historical resource with 7 million pounds of uranium delineated with above average grade and the potential to substantially increase its grade and size and hosts the Fraser Lakes B Uranium Deposit.
Significantly, Fraser Lakes has shown promising results, including the presence of higher-grade deposits.
While TCEC plans to drill more holes to increase the size and grade of the deposit, the exploration potential outside of the deposit is also substantial and will is planned to be drilled within these other zones over the next couple of years.
Despite the challenges of raising capital and the heavy lifting requirements to earn a larger interest in the project, TCEC's management team and experienced geologist, Trevor Perkins, give the company confidence in its ability to make discoveries and grow.
With the potential to become a significant contributor to the nuclear energy industry, TCEC is well positioned for growth as the uranium supply situation becomes more critical.
With a low market cap of only $2.47M, a derisked project and uranium in the ground, TCEC "is the only exploration company in the Basin capable of earning significant profits from its deposits" according to Alex Klenman and is on track for significant resource expansion potential as the current mineralization is open in all directions.
Posted on Behalf of Tisdale Clean Energy Corp.