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Purepoint Uranium Group Inc PTUUF


Primary Symbol: V.PTU

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Post by snappydayon Apr 13, 2021 8:02pm
271 Views
Post# 32990234

Anyone else watch Red Cloud webinar?

Anyone else watch Red Cloud webinar?Did anyone else watch yesterday’s Purepoint - Red Cloud webinar?

Replay Link: Deliberately Positioned for Uranium’s Revival

I thought Chris Fosted sounded very optimistic for the next 12-24 month period. With U3O8 demand and supply at a point where a dramatic increase in price seems immanent he suggested the stars are aligned to profit from Purepoint's work over the past 15 years.

See:
Stars are aligning for uranium price rally


Purepoint is now shifting focus to their 100% owned properties and permits are already in place for Red Willow and Umbreville, where they will be drilling in June-July, and for Henday where they'll drill in September-October.

Meetings are scheduled with their partners "at the beginning of next month" to discuss the drilling results at Smart Lake and Hook Lake.

Do folks here share Chris Fosted's optimism?
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