VIDEO - Mickey Fulp: Now is “Absolutely” the Time for Uranium | INN

Mar. 04, 2019 11:30PM PST

The Investing News Network caught up with Mickey Fulp at this year’s PDAC convention to talk all things uranium and gold mega mergers.

Interview conducted by Charlotte McLeod; article text by Georgia Williams.

The Investing News Network sat down with Mercenary Geologist Mickey Fulp at this year’s Prospectors & Developers Association of Canada (PDAC) convention to gain insight into the current state and future of the uranium market.

Fulp also offered his perspective on the mega deals currently dominating the gold sector.

“Mining companies have not rewarded investors since the bull market for gold started in 2003,” he explained. “So I don’t really understand how getting bigger is intended to reward shareholders.”

“I’ve been an outspoken critic of all these mergers,” he continued. “The Barrick Gold (TSX:ABX,NYSE:GOLD) and Randgold Resources made some sense. Of the majors, over the last 15 years Randgold has performed better than Barrick or Newmont Mining (NYSE:NEM) or Goldcorp (TSX:G,NYSE:GG) have.”

The self-professed contrarian remains optimistic about the future of the uranium sector, even though mild volatility has kept spot prices hovering at or below US$29 per pound.

“I bought all my uranium stocks quite awhile ago,” he said. “I can’t tell you when it’s going to come, but there will be a uranium shortage, there will be great demand, the price will go up; and stocks are very dependent on the spot price.”

Another area that is bound to impact the uranium sector is the forthcoming decision on the Section 232 petition, the US’ investigation into national security issues around foreign uranium imports.

“Section 232 is a proposal on national security issues that would require that 25 percent of the uranium used by the US utilities to make electricity be supplied by domestically mined uranium,” said Fulp.

While the move would be a much-needed “shot in the arm” for US producers and developers, it could potentially create domestic supply and demand issues for the US, which imports the majority of the uranium it uses each year.

Canadian uranium producers may also be affected, although it’s too early to tell how impactful the quota would be on America’s northern neighbor. There is also the potential for the US to implement a “friendly/ally exemption,” which could ultimately position Canada favorably in relation to the uranium market in the years to come. A decision is expected in April.

Watch the interview above for more from Fulp on gold and uranium. You can also click here to view our full PDAC 2019 interview playlist on YouTube.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Georgia Williams, 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.

nyse:nem randgold resources mercenary geologist uranium investing mickey fulp newmont mining nyse:gold nyse:gg

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Generation Uranium

Generation Uranium (GEN:CC)

GEN:CC

Investor Insight

Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.

Overview

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

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.

Company Highlights

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.
High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
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.

Key Project

Yath Project - Nunavut, Canada

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.

The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.

Management Team

Michael Collins - CEO & Director

Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.

Christoph Bruening - Director

Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.

Dallas Miller - Director

Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.

Roger Leschuk - VP Corporate Development

Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.

Monty Sutton - CFO

Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.

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