Uranium’s use in nuclear energy has become a hot topic over the past few years as we look for cleaner and more efficient methods of electricity production as environmental concerns mount. And with nuclear plants increasing in number across the globe, the demand for uranium continues to increase alongside the rapid increase in demand for electricity due to EVs.
https://www.northernminer.com/commentary/uranium-market-gathers-momentum-towards-a-supply-shortfall/1003852297/
As uranium demand increases, it’s important for exploration-stage companies to bring new mines to market to help satisfy the demand. $URM.C has 2 promising projects in BC and New Mexico.
- Silver Lake in BC is a 1648-hectare property consisting of 8 mineral claims. It has interesting geology as it sits on several formations, which could indicate a number of potential targets moving into the future.
- Red Basin is both a uranium and vanadium project, as the region is known for significant historical production. And they continue to stake claims and plan their surveying/targeting.
It’ll be interesting to see what the company is able to discover underground once they begin more in-depth exploration. Especially with the current $4.2M valuation, definitely keep an eye out for future news as there’s a lot of upside here.