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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

Comment by RossMorleyon Nov 25, 2021 12:12pm
268 Views
Post# 34165450

RE:Winter Drill Program

RE:Winter Drill ProgramI've been a fan, and a significant owner, of PTU shares since 2006, and profited from selling at the right time. Thanks, PTU. Having said that, the current hooplah about uranium prices is meaningless unless PTU actually discovers some exploitable deposit(s). IMHO the joint venture arrangements have fallen apart because there have been no significant discoveries and PTU masnagement has fallen back onto its 100%-owned claims which, if they had something promising, would have been explored rigourously some years ago. The marketing campaign on social media is commendable, but everything hinges on commercial-level discocvery, which seems less likely every day. Sorry to say I sure wish it were different for all involved, but IMHO, it ain't. 
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