Uranium Interest Remains High As Europe continues to face an extreme energy crisis, with both gas and natural gas being at the highest prices in recent history, some have begun to question how we’re going to fuel the renewable/EV transition as fossil fuels account for over 30% of electricity production alone. And this isn’t just isolated to Europe. All over the world, countries are looking for a cost-effective, extremely efficient, and clean way to produce energy which is where nuclear energy comes in. Nuclear is far more efficient and cost-effective when compared to renewable energy and is commonly misperceived as a high-emission energy source when the main emission is actually water vapour.
This has caused demand to increase though prices have remained stable, making it a far more attractive energy investment for countries looking to expand upon their energy sector. That’s where companies like $NCLR.C comes in. Exploration stage companies on promising properties have potential to provide some of the largest returns on the market. With their Wray Mesa project recently approved for drilling, there’s a lot to look out for at the property.
- Wray Mesa consists of 308 unpatented lode claims totalling 6,282 acres and is contiguous to and adjoining $UUUU’s La Sal project.
- Initial drilling will focus on the Ajax and Dylan mineralized bodies, with 49 holes permitted between the two mineralized areas.
- Historical results have already shown promise, so the new drilling program will hopefully build upon them and identify new mineralization zones.
With only a $4M valuation, $NCLR.C has a lot of potential as they pursue exploration in an industry experiencing increased growth for the first time in a long time. Definitely keep a close eye out for continued updates on the drill program as they continue to build off of past results.