Kivalliq’s Jim Paterson: Reactor Growth to be a Key Uranium Demand Catalyst | INN

Mar. 08, 2015 08:30PM PST

Paterson also discussed the current disconnect between the uranium spot price and uranium companies’ share prices. In addition he detailed what’s next for his company in 2015.

Resource Investing News recently had the chance to speak with Jim Paterson, CEO and director of Kivalliq Energy (TSXV:KIV). Vancouver-based Kivalliq’s flagship project is the Angilak uranium property, located in Nunavut, but the company also holds the Baker Basin property, also in Nunavut, and the Hatchet Lake and Genesis properties in Saskatchewan.

In the interview below, Paterson looks at the current disconnect between the uranium spot price and uranium companies’ share prices. “I think actually it’s the value growth in the underlying commodity and the underlying value of the companies has grown, but because of the general market malaise it’s masked the value increase in terms of the share price. So [company share prices] haven’t reacted, but the value has increased,” he said.

He also touches on the market impact that may come from two recent accidents at major uranium mines, and identifies other catalysts that may affect the uranium market and price of the commodity. “Generally over time the big one is the growth in the reactors,” he said, adding, “despite what people in North America think, there is actually growth in the uranium business, in the nuclear business, particularly in China; India we’re hearing a lot of news about and Russia as well.” He anticipates reactors planned for those countries generating uranium demand for decades to come.

In closing, he explains what Kivalliq’s next steps will be in 2015.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Kivalliq Energy is a client of the Investing News Network. This article is not paid-for content.

kivalliq energy uranium mines russia uranium investing china uranium demand tsxv:kiv india

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Generation Uranium

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Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

Generation Uranium Yath Project

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Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
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Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.

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The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

Generation Uranium Yath Project

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.

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