Kazakh mining company Kazatomprom (the world’s leading uranium miner) recently cautioned that it is likely to fall short of production targets through 2025 due to construction delays and “challenges related to the availability of sulfuric acid.” Sulfuric acid is critical in the extraction process as it is used to leach and recover uranium from raw ore.
It’s more critical than ever for the U.S. to ween off Russian uranium and GIDMF may have the ONLY tactical “clean” solution on how to accomplish this.
• The Athabasca Basin is a region in the Canadian Shield of northern Saskatchewan and Alberta Canada. It is best known as the world's leading source of high-grade uranium and currently supplies about 20% of the world's uranium. (SOURCE) The basin is located just to the south of Lake
• The Cree East project represents the last, large-scale exploration project located in the heart of the Athabasca Basin with the potential for the discovery of high-grade unconformity-style uranium mineralization in either basement-hosted like Arrow or sandstone-hosted like McArthur River or Cigar Lake. The McArthur River Uranium Mine, in northern Saskatchewan, Canada, is the world's largest high-grade uranium deposit!
• This is a project that has seen extensive historical exploration dating back to the early 1970's, with over $20 million expended since 2006 which included multiple phases of geophysics (airborne VTEM, AMT, and ground IP-Resistivity and moving loop TDEM surveys) in addition to 34,473 metres of drilling in 91 holes.
• The ability to acquire a majority interest in an advanced-stage uranium project that has benefited from extensive past exploration and drilling located within a Tier-1 jurisdiction provides an exciting opportunity for shareholders to gain exposure to the growing energy trend.
• Uranium prices have risen to over $100 per pound for the first time since 2008 and are up over 300% since 2020. (see uranium price in real time HERE)
• The metal was the best-performing energy commodity in 2023!
• Hedge funds are scrambling to get exposure to uranium stocks in anticipation that they will rise. Hedge fund managers including Terra Capital’s Matthew Langsford, Segra Capital’s Arthur Hyde, Argonaut Capital Partners’ Barry Norris, and Anaconda Invest’s Renaud Saleur are building bets on uranium companies such as Cameco Corp., Energy Fuels Inc., Ur-Energy Inc., and NexGen Energy Ltd.
• Why are they betting big on uranium stocks? On the strength of increased uranium prices and rising demand for energy metal. Uranium’s price has been exploding and several hedge fund managers have begun to increase their exposure to this important metal.
• Kazatomprom’s announcement on falling short of production targets comes as other major producers struggle. Canada-based Cameco has flagged lower production, while France-owned Orano has shut its Niger operation.
• The precious metal has hit a record high of over $2,100 in 2023 and market experts have given a positive outlook for gold with a better target price. "We retain a positive outlook for gold, targeting a price of $2,250 per ounce by the end of 2024," UBS analyst Giovanni Staunovo told Reuters.
• A more bullish outlook comes from Michael Lee, Founder of Michael Lee Strategy and a 20-year Wall Street veteran who previously worked as a VP at Morgan Stanley. He says gold will reach $5,000 per ounce in the next bull run as inflation rises and the U.S. dollar weakens. (SOURCE)
Nexus Uranium Corp. operates as a mining company and is powering tomorrow’s clean energy. The Company engages in acquisition, exploration, and development of uranium and vanadium, gold, and other mineral resource properties.
The company has made a strategic shift towards clean energy fuels, such as uranium. The decision comes as a result of an extensive evaluation of opportunities to drive shareholder value.
"The strategic shift towards clean energy fuels, such as uranium, comes as a result of an extensive evaluation of opportunities to drive shareholder value. The current market fundamentals for uranium, highlighted by multi-decade highs in spot uranium prices coupled with a systemic market supply shortage, highlights the prospectivity of uranium projects and reinforces the decision to gain exposure to this market.”
CEO Jeremy Poirier
Russia is home to the world’s largest uranium enrichment complex--accounting for almost half the global capacity.
In December of 2023, the U.S. House of Representatives passed a ban on imports of Russian uranium. It’s time to look within the U.S. for solid supplies of uranium.
As nuclear power gains steam, uranium mining, and its impacts may grow in the West in states like Wyoming and Utah.
Billionaire Bill Gates and his 10-year-old energy company TerraPower are planning their first cutting-edge nuclear power plant in Kemmerer, Wyoming.
"Nuclear energy, if we do it right, will help us solve our climate goals. That is, get rid of the greenhouse gas emissions without making the electricity system far more expensive or less reliable,” Gates told ABC News.
The Cree East project is comprised of 17 contiguous mineral claims covering an area of 57,752 ha (223 square miles) of highly prospective terrain in the eastern Athabasca Basin with extensive historical exploration.
The Project has been extensively explored, with over $20 million in exploration expended since 2006, which has led to the delineation of multiple zones of uranium mineralization associated with graphitic conductors and large hydrothermal alteration halos, both in basement and sandstone environments, at depths ranging from 100 metres to 450 metres below the surface.
"We are able to leverage the extensive historical dataset which not only significantly expands our understanding of the project but also allows us to expedite our exploration plans to include geophysics and drilling in 2024." - Jeremy Poirier, CEO
Highlights:
Utah is the third-largest uranium-producing state in the U.S., having a cumulative production of about 130 million pounds of uranium oxide (U3O8).
Production came to a halt in the early 1990s due to low uranium prices, but a resurgence in the market may be bringing a new period of uranium exploration and production to Utah!
Nexus Uranium Corp. (OTC: GIDMF)(CSE:NEXU) is Zooming in on Utah Where a Promising Uranium Project Could Quickly Put the Company on the Map!
SEE THE STOCK CHART
The La Sal project is host to measured and indicated resources of 4.1 Mlb of uranium (U3O8) plus 21.5 Mlb of vanadium (V2O5) plus Inferred resources of 0.4 Mlb of uranium plus 1.9 Mlb of vanadium (source: Technical Report on the La Sal District Project, prepared for Energy Fuels Inc. by D.C. Peters and dated March 25, 2014.).
While GIDMF cautions investors that the presence of mineralization at the La Sal project is not necessarily indicative of similar mineralization at the Wray Mesa project, this is still an exciting area to explore. There is potential for a tremendous uranium discovery!
- Uranium and vanadium production in the district dates back to the early 1900's with the majority of the production derived from the Upper Salt Wash Member of the Morrison Formation (the 'Formation').
- Work by previous operators discovered multiple areas of uranium-vanadium mineralization in the same geologic formation that accounted for the majority of production in the district (Upper Salt Wash Member of the Morrison Formation).
- Mineralization on the property occurs at depths of 500 to 750 feet with the drill-defined mineralization ranging from 25 to 75 feet. Mineralization is typical sandstone-hosted tabular deposits wherein the uranium occurs in reduced and altered sandstones and sandstone-mudstones in major stream channels in the Formation.
- Historical work dates back to Atlas Minerals and Pioneer Uravan in 1976 to 1983, who drilled a total of 495 exploration holes (of which logs for 193 holes totaling 137,510 feet or 41,913 metres were preserved), and Homeland Uranium in 2007-2008 who drilled 15 holes. Note: some of the historical drilling was on 3rd party claims not currently owned.
- Past exploration was primarily focused on the Dylan, Ajax, Whiskey and Carlin targets. All of the mineralized areas are open to expansion. Historic drill data is not available for Carlin:
- Ajax: most heavily drilled and tightest spacings with some holes 25 to 50 feet apart. A total of 164 historic holes drilled which defined mineralization a 1,200 by 25-75 metre area. Thirty (30) holes returned grades in excess of 0.1% eU3O8.
- Dylan: best defined with drilling on a 100 by 100-foot grid. Thirty-nine holes were drilled in 1976 to 1983 with follow-up drilling in 2007 which defined mineralization over a 500 by 40-100 metre area. Seven (7) holes returned grades in excess of 0.2% eU3O8, with highlight grades of 2.5% eU3O8 over 2.6 feet.
- Whiskey: A total of 29 holes drilled at 100-foot spacings with a number of holes intersecting significant mineralization and defining an area of 400 by 10-70 metres. Highlights of drilling included 0.98% eU3O8 over 5 feet. Further follow-up and more systematic drilling is required.
- Carlin: While complete historical records are unavailable, based on limited data mineralization was defined over a 150 by 20-70 metre area.
“Countries should be increasing nuclear power generation. It is insane from a national security standpoint and bad for the environment to shut them down," said the Tesla CEO.
The world is in a looming energy crisis and nuclear power is anticipated to be one of the biggest keys to achieving net zero.
The problem is that nuclear power must TRIPLE to meet the Paris Accord 1.5°C goal!
Science indicates that to avert the worst impacts of climate change and preserve a livable planet, global temperature increase needs to be limited to 1.5°C above pre-industrial levels.
Currently, the Earth is already about 1.1°C warmer than it was in the late 1800s, and emissions continue to rise. To keep global warming to no more than 1.5°C – as called for in the Paris Agreement – emissions need to be reduced by 45% by 2030 and reach net zero by 2050. This is not that far away!
Currently more than 140 countries, including the biggest polluters – China, the United States, India, and the European Union – have set a net-zero target. This covers roughly 88% of global emissions.
Along with these countries, more than 9,000 companies, over 1000 cities, more than 1000 educational institutions, and over 600 financial institutions have joined the Race to Zero, pledging to take rigorous, immediate action to halve global emissions by 2030.
During the most recent World Climate Action Summit of the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change, more than 20 countries from four continents launched the Declaration to TRIPLE Nuclear Energy!
Core elements of the declaration include working together to advance a goal of tripling nuclear energy capacity globally by 2050 and inviting shareholders of international financial institutions to encourage the inclusion of nuclear energy in energy lending policies.
Uranium is the fuel most widely used by nuclear plants for nuclear fission. It is set to be a key commodity in the worldwide transition towards clean energy solutions.
Several countries are moving away from fossil fuels, and nuclear energy powered by uranium is one alternative to generate power.
Most of the world's attention is often on solar and wind power for renewable and emissions-free energy generation. The problem is that the fundamental nature of these technologies leaves them vulnerable to the structure of the modern-day energy demand.
Global energy and electricity requirements require 24/7 continuous power, and higher wattage during peak hours. Among nuclear, wind, and solar, nuclear is the ONLY power generation platform that provides a financial benefit after setup and operating costs are factored in.
Gold is in a bull market. The metal had a strong 2023, defying expectations amid a high-interest rate environment, and outperforming commodities, bonds, and most stock markets.
In addition to the Wray Mesa uranium project, GIDMF also has a precious metals portfolio that includes the Independence Gold Project in Nevada.
The USA is the 5th largest gold-producing country with Nevada accounting for over 75% of US production!
Previous Exploration:
NI 43-101 RESOURCE & PEA ON STARTER OPERATION
Significant Mineral Endowment:
PEA focused on the near-surface resource with a low-cost / low-CAPEX heap-leach operation:
Amidst a flurry of Wall Street excitement over rising uranium prices, Nexus Uranium Corp. (OTC: GIDMF)(CSE:NEXU) has a broad focus on the exciting Wray Mesa Uranium project in Utah! The project is already next to an existing miner!
The Wray Mesa Uranium project is set to see many catalysts in 2024 including finalizing the exploration drill program, and results from the drill program!
With the LOI to acquire 75% of the Cree East Uranium Project in the prolific Athabasca Basin, this also makes it an ideal time to be paying attention!
Both physical uranium and uranium stocks have outperformed other asset classes including U.S. bonds, U.S. equities, and the U.S. dollar, over the last five years as seen below:
Hedge funds are pouring money into uranium stocks as they bet on a nuclear-powered future.
The price of uranium has risen by a whopping 300% since the end of 2020, and uranium ETF assets grew twenty-fold in the same time, according to Bloomberg Intelligence.
According to the International Energy Administration, an estimated $40 billion has been invested into nuclear power every year for the past six years. That number needs to more than triple to reach the $125 billion annual investment required to meet net-zero emissions by the middle of this century.
"Uranium sentiment is on the rise as major economies like China, India, the U.S. and Europe expand their nuclear power capacities and advocate for nuclear energy as a reliable and sustainable power source," says Roberta Caselli, commodities research associate at Global X ETFs. "Nuclear is key to the energy transition as it ranks among the cleanest methods of producing electricity. Nuclear is more reliable than other sources as it operates at full capacity around 94% of the time.”
Uranium is the fuel for the nuclear power industry. The volatile prices of fossil fuels and the continued need for reliable on-demand electricity, have spurred a resurgence of interest in nuclear power. That has investors looking for the best uranium stocks and ETFs.
The supply and demand gap has ignited an explosion in the price of uranium. As concerns amplify over supply shortages after Kazatomprom’s dire announcement, now the question is, which companies will stand to capitalize?
GIDMF’s Uranium project is set to see many catalysts in 2024 including finalizing the exploration drill program, and results from the drill program! DRILL PERMTIS ARE IN HAND!!
Investing in uranium is going nuclear and Nexus Uranium Corp. (OTC: GIDMF)(CSE:NEXU) may be a phenomenal choice for exposure to the nuclear future.
A very low market cap and a very tight share structure make this an ideal time to put the stock on your radar!
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