"Uranium production is on the rise, but a gap remains. Production is expected to continue to rise by 8% this year to 143 million lb. from 132.5 million lb. However, that will fall short of expected demand of 181 million lb. U3O8"
https://www.northernminer.com/commentary/uranium-market-gathers-momentum-towards-a-supply-shortfall/1003852297/
African Energy Metals' ($CUCO.v $NDENF) 225 sq km polymetallic acquisition from Goviex ($GXU) is set to close next week, and is a top #uranium developer to consider.
The licenses, known as the Falea project, total 225 km2 and are located in close proximity to IAM Gold's ($IAM) Siribya Deposit and B2Gold's ($BTO) Fekola mine.
With an existing, NI 43-101 compliant, uranium, copper & silver resource drilling at the Faela Project has resulted in 31M proven pounds of uranium on only 5% of the licenses
CUCO additionally has an early-mover advantage in the DRC and extensive portfolio of lithium, tin, tantalum & rare earth properties with six, 100% owned and strategically located concessions in the southern DRC Copperbelt covering over 176 square km.
Posted on behalf of African Energy Metals Inc.