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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 gladiatoroon Sep 24, 2023 3:25pm
153 Views
Post# 35651351

UP UP WE GO...

UP UP WE GO...
There's not enough uranium supply.
The world consumes 180 million lbs,
but we produced 100 million lbs this
year. The current price is too low to
incentivize new production. Nuclear
produces 12% of the worlds
electricity currently. If the world is
begrudgingly reopening nuclear
power plants, building new ones,
and extending old ones to
decarbonize, gain energy security
and fight climate change, we need
more uranium for these reactors.
In other words the price has to go up
or the LIGHTS GO OUT. 
 
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