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Nuclear Fuels (CSE:NF) focuses on the Kaycee Uranium Project in Wyoming seeking to prove up known historic resource and work towards a 43-101 compliant resource of 15 million pounds of uranium. Drilling at the Kaycee Uranium Project includes multiple uranium intercepts of ore-grade thickness and high-grade mineralization showing potential for ISR extraction, an environmentally responsible and economically superior uranium extraction process.
The company’s other assets include the Bootheel Project in Wyoming (uranium), the Moonshine Project in Arizona (uranium), and the LAB Project in Labrador (uranium and rare earth elements). Through this portfolio of projects, Nuclear Fuels is confident it can develop a safe, environmentally superior, and reliable source of domestic uranium, thereby reducing foreign supply dependence and ultimately contributing to the global energy transition.
Majority of the Kaycee Uranium Project is not well-explored, with drilling concentrated on approximately 10 percent of the area. The company has begun a 200-hole drill program focused on confirming and expanding historic uranium drill intersections as well as identifying new high-priority targets.
Company Highlights
- Nuclear Fuels is a uranium exploration company focused on district-scale in-situ recovery (ISR) projects in proven and prolific jurisdictions such as Wyoming.
- The company is focused on its flagship Kaycee Uranium Project, located in Wyoming’s Powder River Basin. Their goal is to prove up known historic resource and work towards a 43-101 compliant resource of 15 million pounds of uranium. The inaugural 200-hole drill program is currently underway at the Kaycee Project.
- Positive drill results at Kaycee Project to date, including multiple uranium intercepts of ore-grade thickness and high-grade mineralization showing potential for ISR extraction.
- Wyoming is the leading uranium-producing state in the US, home to the largest known uranium ore reserves in the country. It is also a jurisdiction that supports energy development, being among a handful of US states with an ‘Agreement State’ status, which provides a streamlined permitting program for new uranium projects.
- Nuclear Fuels acquired the Kaycee Project from enCore Energy which retains back-in right for a 51 percent stake in the project by paying 2.5 times the exploration expenditures and carrying it to production in case of any major discovery at Kaycee. This provides Nuclear Fuels with a pathway to production.
- The company is focused on exploring for uranium that is amenable to ISR technology, a process that is environmentally responsible and economically superior. It extracts the uranium in a non-invasive process through the use of natural groundwater and oxygen, coupled with a proven ion exchange process, to recover the uranium.
- enCore Energy Corp. is the company’s largest shareholder with a 19.9 percent stake, while management and other insiders hold approximately a 10 percent stake.
- The company is led by industry experts with extensive experience and credentials in uranium exploration and development, and all aspects of ISR uranium operations.
- In the rising global demand for carbon-free sources of energy production, Nuclear Fuels is well positioned to provide a reliable supply of domestic uranium and critical metal resources.
- The US is the world’s largest consumer of nuclear energy, with 20 percent of its electric grid fueled by nuclear energy, yet most of its uranium fuel is imported.
- Uranium prices continue to rise as the shortage of uranium supplies for the West continues to grow.
This Nuclear Fuels profile is part of a paid investor education campaign.*
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