Low Valuation Considering Their Properties/Macro Trends Uranium has been a hot topic over the past few years as the prices of energy production have soared, and talks of efficient, clean energy production have increased. A lot of people don’t know that nuclear energy is the most efficient clean energy source as the production emits water vapour rather than any emissions from the giant smokestacks. We’ve seen policies against nuclear change and more reactors coming online/being given a prolonged life, increasing demand for uranium. For example, India approved five new nuclear power plant sites and financing to build ten 700-MW nuclear reactors with plans to triple current nuclear energy production.
https://www.prnewswire.com/news-releases/why-2023-is-projected-to-be-a-bull-market-for-uranium-301763304.html
$URM.C in particular, is a company that could be one to watch as they explore their properties in North America.
- Their Red Basin project in New Mexico is a uranium/vanadium project, with previous studies estimating a resource at the property between 1.6M and 6.5M lbs U3O8.
- Silver Lake in BC is a 1647-hectare project underlain by rocks and volcanoes from the Red Rose, Buck Creek, and Goosly Lake formations.
- Both properties are in close proximity to infrastructure and civilization.
With historical work showing promising results, I’m looking forward to seeing what they are able to discover at the properties as they plan their exploration. The current $6.8M valuation also represents a significant upside at the current levels.