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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUF

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 Kangaroo123on Sep 13, 2023 8:10pm
73 Views
Post# 35635062

RE:ASK YOUSELVES

RE:ASK YOUSELVESAgree clouder. The big money is starting to flow into the Uranium sector. Remember that last time around in 2007-8 there were about 500 companies in the Uranium business. Now there are less than 100. The market capitalisation of the Uranium sector is so small that any large capital inflows from hedge funds, pension funds and mutual funds will have a huge effect on all Uranium stocks. We are seeing the start of it this week following the publication of the World Nuclear Association report that basically predicts a shortfall in Uranium in the next few years. Purepoint will benefit from that and it is dirt cheap right now. Timing is indeed everything.
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