Carmanah Minerals

Overview

Carmanah Minerals (CSE:CARM) is a junior mining company focused on the acquisition and exploration of energy, critical elements and precious metals. The company is actively exploring its flagship Walker uranium project situated in the Athabasca Basin. The company also recently acquired Hare Hill, a rare earths project tied to both York Harbor's Bottom Brook property and the Baie Verte Brompton project.

Nuclear energy is expected to play an increasingly important role in the global clean energy and decarbonization efforts. The world’s nuclear power capacity has been steadily increasing for the past several years with roughly 60 reactors currently under construction. Although many of these reactors are planned within the Asia-Pacific region and Russia, other countries have made extensive plans to expand the capacity of their existing nuclear energy resources.

This re-emergence of nuclear energy has resulted in increased demand for uranium. Given the current lack of a sufficient primary supply, new discoveries and deposits are growing increasingly valuable in balancing the market.

The outlook for rare earth elements (REEs) is similar, as these critical minerals are essential for everything from batteries to solar panels and wind turbines. Unfortunately, even as demand continues to grow, the market for REEs is currently dominated by China.

Multiple countries have thus begun investing heavily in their own domestic REE supply, considerably increasing the investment potential for exploration and discovery.

With an experienced and heavily invested management team, Carmanah is incredibly well-positioned to leverage the increasingly expanding prospects for uranium and REE development and fulfill its core objective — supporting the transition to a cleaner, more sustainable future.

Company Highlights

• Carmanah Minerals is a Canadian junior mining and exploration company focused on rare earth elements (REE) and uranium.
• Their flagship project, Walker, is situated in the Athabasca Basin, one of the most uranium-rich regions in the world. Carmanah jointly operates the project with Marvel Discovery.
• The Athabasca Basin currently accounts for roughly 13 percent of global uranium production, and deposits in the region are 20 times richer than the global average.
• Carmanah also owns and operates a rare earths project in Newfoundland, positioned within a new mining district that is quickly gaining recognition for its REE deposits.
• With nuclear power capacity rapidly increasing and the potential of nuclear energy to power decarbonization, demand for uranium is expected to spike over the next several years.
• Uranium is also notable for its cost-competitiveness and capacity to produce near zero-carbon heat, giving it the potential to decarbonize many other sectors of the economy in addition to energy.
• Carmanah's management team comprises mining industry leaders and experts. These individuals are heavily invested, collectively holding a 25-percent stake in the company.