- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
America’s Next Uranium Developer
Overview
Azarga Uranium Corp. (TSX:AZZ,OTCQB:AZZUF) is an integrated uranium exploration and development company that controls 10 uranium projects and prospects in the United States (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects. The Dewey Burdock in-situ recovery uranium project in South Dakota, which is the Company’s initial development priority, has received its US Nuclear Regulatory Commission License and draft Class III and Class V Underground Injection Control permits from the Environmental Protection Agency (EPA) and continues to advance towards construction.
Azarga Uranium’s flagship Dewey Burdock project has a preliminary economic assessment( PEA) that outlines a 16 year mine life, and the project is forecast to produce 14.3 million pounds of U3O8. The base case economic assessment results in a pre-income tax internal rate of return (IRR) of 55 percent and a pre-income tax net present value (NPV) of US$171.3 million when applying an 8 percent discount rate. Using the same discount rate, the post-income tax IRR is 50 percent and the post-income tax NPV is US$147.5 million. The projected cash flows for the Dewey Burdock project PEA are positive in the second year of production, two years after the commencement of construction.
Azarga Uranium President and CEO Blake Steele commented, “What’s really interesting about our Dewey Burdock project is the economics. The PEA demonstrates robust economics and cements the Dewey Burdock project as one of the preeminent undeveloped in-situ recovery (ISR) projects in the United States. The PEA results further validate our company’s strategy and we continue to progress the project towards construction as the global uranium market strengthens by virtue of supplier discipline and higher demand. The estimated cost profile and modest initial capital expenditures leave Dewey Burdock and the company well positioned to capitalize on the anticipated recovery in the uranium price.”
An initial capital investment of US$31.7 million for the Dewey Burdock project is sector leading for a project of its size and forecast C1 cash costs of US$10.46/lb per pound of production are first quartile on the cost curve.
In addition to its flagship Dewey Burdock project, the company has a strong pipeline of uranium projects in the US with 41 million pounds of measured and indicated plus 6 million pounds of inferred U3O8 resources.
Company Highlights
- The company’s flagship Dewey Burdock project is one of the preeminent undeveloped uranium projects in the United States, possessing a unique combination of grade and scale.
- Initial capital investment of US$31.7 million for the Dewey Burdock project is sector leading for a project of its size.
- The Dewey Burdock project has robust economics at low uranium prices.
- ISR is favorable over conventional mining due to environmental and low-cost advantages.
- Strong demand growth of uranium is forecast at a time when supply has been cut back.
- Management is made up of experienced mine developers.
- The company has a strong pipeline of projects in the US, including its Gas Hills Project in Wyoming, which has the potential to transform into a significant satellite deposit for the Dewey Burdock project.
Get access to more exclusive Uranium Investing Stock profiles here
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.