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Greenridge Exploration Inc C.GXP

Alternate Symbol(s):  GXPLF

Greenridge Exploration Inc. is a mineral exploration company engaged in the acquisition, exploration, and development of critical mineral projects in North America. Its Carpenter Lake Uranium Project is located in the Athabasca Basin consisting of seven mineral claims covering over 13,387 hectares across the Cable Bay Shear Zone and is advancing the project to test multiple high priority targets. The Company’s Nut Lake Uranium Project is located in the Thelon Basin and covers approximately 5,853 hectares. The Nut Lake Uranium Project is located just 55 kilometers (km) north of the 43MLb Angilak Uranium Deposit. Its Weyman Copper Project in southeast British Columbia sits on the south portion of the Quesnel Terrance. The Weyman Project comprises seven staked mineral claims covering approximately 2,803 hectares in Southeast British Columbia. The Snook and Ranger Lake uranium projects cover approximately 4,899 hectares and 20,782 hectares respectively, and are located in western Ontario.


CSE:GXP - Post by User

Post by goldennorthon Oct 03, 2024 1:39pm
109 Views
Post# 36252011

Lots Of Future Potential

Lots Of Future Potential Uranium market under pressure, but long-term outlook remains positive

Future is looking very favorable for both ALX Resources and Greenridge Explorration Inc.

"The market is dealing with mixed signals—supply issues and logistical delays are affecting the mood, analyst Alexander Pearce said in a market comment. BMO expects uranium demand to grow by 2.9% yearly through 2035, driven by China’s push to build new reactors and the potential for reactor restarts in North America."

"Uranium rose toward $82 per pound in October, the highest in over one month, as risks to supply coincided with robust power demand for major nuclear energy producers. Russian President Putin noted that the country should consider banning exports of Uranium to counter Western sanctions, threatening supply from the key producer and exporter, which has nearly half of the global uranium enrichment capacity."


https://www.mining.com/uranium-market-under-pressure-but-long-term-outlook-remains-positive/

https://tradingeconomics.com/commodity/uranium







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