Tisdale Clean Energy (CSE:TCEC) focuses on uranium exploration and development by exploring the South Falcon East uranium project that spans over 12,000 hectares in the Athabasca Basin in Saskatchewan, Canada, and is home to the Fraser Lakes B uranium and thorium deposits.
In October 2022, Tisdale entered into an agreement with Skyharbour Resources (TSXV:SYH,OTCQX:SYHBF, FWB:SC1P) to acquire up to 75 percent interest in the South Falcon East project.
he South Falcon East is the company’s flagship uranium project where outcrop grab samples from 2008 to 2011 returned between 0.04 percent and 0.45 percent triuranium octoxide, and drill core samples returned mineralized sections with values from 0.01 percent to 0.55 percent triuranium octoxide. The Fraser Lakes Zone B deposit comprises multiple-stacked uranium, thorium and REE mineralization with an NI 43-101 mineral resource estimate of 6.9 Mlb triuranium octoxide at 0.03, and 5.3 Mlb thorium oxide at 0.023 percent within 10.3 million tons (Mt) of material using a cut-off grade of 0.01 percent triuranium octoxide.
This Tisdale Clean Energy profile is part of a paid investor education campaign.*
Click here to connect with Tisdale Clean Energy (CSE:TCEC) to receive an Investor Presentation
Terra Clean Energy Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every four (4) pre-consolidated common shares.
As a result, the outstanding shares of the company have been reduced to approximately 9,922,436 common shares.
The name and symbol will not change.
Please note that all open orders will be canceled at the close of business on December 3, 2024. Dealers are reminded to re-enter their orders taking into account the share consolidation.
_________________________________
Terra Clean Energy Corp. a annoncé une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour quatre (4) actions ordinaires pré-consolidées.
En conséquence, le nombre d'actions en circulation de la société a été réduit à environ 9 922 436 actions ordinaires.
Le nom et le symbole ne changeront pas.
Veuillez noter que toutes les commandes ouvertes seront annulées à la fermeture des bureaux le 3 décembre 2024. Il est rappelé aux concessionnaires de ré-saisir leurs commandes en tenant compte de la consolidation des actions.
| Trading on a Consolidated Basis/Négociation sur une Base Consolidée : | le 4 DEC 2024 |
| Record Date/Date d'Enregistrement : | le 4 DEC 2024 |
| Anticipated Payment Date/Date de Paiement Prévue : | le 4 DEC 2024 |
| Symbol/Symbole : | TCEC |
| NEW/NOUVEAU CUSIP : | 88100M 20 4 |
| NEW/NOUVEAU ISIN : | CA 88100M 20 4 0 |
| Old/Vieux CUSIP & ISIN : | 88100M105/CA88100M1059 |
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If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail:Â Listings@thecse.com
Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à : Listings@thecse.com
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Tisdale Clean Energy Corp. has announced a name change to Terra Clean Energy Corp.
Shares will begin trading under the new name and with a new CUSIP number on October 3, 2024.
The symbol will remain the same.
Disclosure documents are available at www.thecse.com.
Please note that all open orders will be canceled at the end of business on October 2, 2024. Dealers are reminded to re-enter their orders.
_________________________________
Tisdale Clean Energy Corp. a annoncé un changement de nom Terra Clean Energy Corp.
Les actions commenceront à être négociées sous le nouveau nom et avec un nouveau numéro CUSIP le 3 octobre 2024
Le symbole restera le même.
Les documents d'information sont disponibles sur www.thecse.com.
Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 2 octobre 2024. Les concessionnaires sont priés de saisir à nouveau leurs commandes.
| Effective Date/ Date Effective : | le 3 OCT 2024 |
| Symbol/ Symbole : | TCEC |
| New CUSIP/ Nouveau CUSIP : | 88100M 10 5 |
| New ISIN/ Nouveau ISIN : | CA 88100M 10 5 9 |
| Old/Vieux CUSIP & ISIN : | 88825J106/CA88825J1066 |
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If you have any questions or require further information, please contact Listings at (416) 367-7340 or E-mail:Â Listings@thecse.com
Pour toute question, pour obtenir de l'information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l'adresse: Listings@thecse.com
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Tisdale Clean Energy Corp. (CSE: TCEC) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on May 6th, 2024 at 2pm ET.
We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud.
The replay will be emailed out to all webinar registrants proceeding the event and will also be available on the Red Cloud website.
For more information and to register: https://redcloudfs.com/events/rcwebinar-tcec/.
Learn about an undervalued microcap explorer developing a near-surface uranium deposit within a larger, highly prospective exploration opportunity in the Athabasca Basin.
Commodities to be covered: Uranium
About Tisdale Clean Energy Corp.
Tisdale Clean Energy is a uranium exploration and development company developing the Fraser Lakes B Uranium Deposit within the larger South Falcon East project, Athabasca Basin, Saskatchewan.
About Red Cloud Securities Inc.
Red Cloud Securities Inc. is an IIROC-regulated investment dealer focused on providing a full range of brokerage services to all investor types focused in the junior resource sector. Our services include Investment Banking, Research, Institutional and Retail Trading, Institutional Sales, and Retail Investment Advisory services.
About Red Cloud Financial Services Inc.
Red Cloud Financial Services Inc. is a globally focused capital markets advisory firm that provides a full range of executive strategy, media, marketing, and corporate access services. Our breadth of services combines with our significant knowledge of the junior mining industry combine for unique product offering. The company was founded by capital markets professionals with extensive experience in the junior mining industry.
For further information:
Tisdale Clean Energy Corp.
Alex Klenman, CEO
6049704330
aklenman@tisdalecleanenergy.com
For additional information contact marketing@redcloudfs.com or visit:
www.redcloudfs.com
www.facebook.com/RedCloudFinancialServices
www.twitter.com/RedCloudFS
www.linkedin.com/company/red-cloud-financial-services-inc
www.youtube.com/c/RedCloudFinancialServicesInc
www.instagram.com/redcloudfs
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Tisdale Clean Energy Corp. ("Tisdale" or the "Company") (CSE:TCEC ) ( OTC:TCEFF ) ( FSE:T1KC), is pleased to invite investors and other interested parties to attend an upcoming interview with Market Radius Research
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Tisdale Clean Energy Corp. (the " Company " or " Tisdale ") (CSE:TCEC ) ( OTC:TCEFF ) ( FSE:T1KC ) is pleased to announce that it has closed a further non-brokered private placement (the " Offering ") and has issued 2,179,500 units (each, a " Unit ") at a price of $0.18 per Unit for gross proceeds of $392,310. Â Each "Unit" issued in the Offering consists of one common share of the Company and one share purchase warrant exercisable at a price of $0.30 until February 29, 2026
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Cameco( TSX: CCO; NYSE: CCJ) is pleased to announce and support the resolution reached by Westinghouse Electric Company (Westinghouse) in its intellectual property dispute with Korea Electric Power Corporation and Korea Hydro & Nuclear Power Co., Ltd., (collectively KEPCO and KHNP).
"This is a positive outcome for both parties, which we believe facilitates bringing world-leading reactor technology and related competencies in engineering, construction services, maintenance, fuel supply, and training to the global market," said Tim Gitzel, Cameco's President and Chief Executive Officer. "With more than 30 countries and over 100 companies pledging to triple nuclear capacity by 2050, the demand for nuclear power is undeniable. This agreement strengthens the industry's ability to provide carbon-free, reliable, dispatchable baseload electricity to help achieve climate, energy and national security objectives."
Implementation of the settlement agreement that resolves the dispute establishes a framework for additional deployments to the mutual benefit of Westinghouse, KEPCO and KHNP.
Caution about forward-looking information
This news release includes statements and information about our expectations for the future, which we refer to as forward-looking information. Forward-looking information is based on our current views, which can change significantly, and actual results and events may be significantly different from what we currently expect. Examples of forward-looking information in this news release include: our belief that the resolution of the dispute will facilitate bringing technology and related competencies to the global market; our views regarding the demand for nuclear power; our view that the agreement will strengthen the industry's ability to achieve certain objectives; and our expectation that implementation of the agreement establishes a framework for mutually beneficial additional deployments. Material risks that could lead to different results include the risk that the agreement will not have the expected implications for the global market or strengthen the industry's ability to achieve its objectives, and the risk that additional mutually beneficial deployments may not occur. In presenting the forward-looking information, we have made material assumptions which may prove incorrect about the implications of the agreement for the global market and the industry's ability to achieve its objectives, and the potential for mutually beneficial additional deployments. Forward-looking information is designed to help you understand management's current views of our near-term and longer-term prospects, and it may not be appropriate for other purposes. We will not necessarily update this information unless we are required to by securities laws.
Profile
Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.
As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250116040462/en/
Investor inquiries: Â
Cory Kos
306-716-6782
cory_kos@cameco.com
Media inquiries: Â
Veronica Baker
306-385-5541
veronica_baker@cameco.com
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Highlights:
Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to report more assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ).
Further results for 7 holes of 17 holes from infill drilling at Huarabagoo and for 4 holes of 27 holes drilled in the zone between the Huarabagoo and Junnagunna ("Link Zone") deposits have been received. All of the holes returned significant uranium mineralization with further gold mineralization evident at the Huarabagoo deposit. The results from the Link Zone demonstrate that uranium mineralisation is continuous along strike and potentially joins the two deposits. (Figure 1)
Commenting on the results, Laramide's Vice-President of Exploration Rhys Davies said:
"The latest results from Huarabagoo and the Link  Zone continue to show the high quality of the project and will contribute to  an  updated Westmoreland Mineral Resource Estimate ("MRE"). The updated MRE which will include a Maiden Resource Estimate for Long Pocket, remains on track for delivery later in Q1 2025. The results to date have supported the objectives of the 2024 drill program, including testing new areas for expansion which have led us to appreciate the size and scope of the deposit.
"Additionally, this data will underpin the next phase of work at Westmoreland in 2025, which is expected to include further drilling along with renewed development studies, including geotechnical, advanced metallurgical, mining optimisation and scheduling.
"The final exploration results from the 2024 campaign are expected in the coming weeks from Junnagunna North and Amphitheatre in Queensland , and from Mageera in the Northern Territory."
The 2024 drilling campaign across the broader Westmoreland Project was completed on the 4th of November and comprised 106 holes (includes 60 RC and 46 DD) for 11,263 meters, across multiple targets.
Huarabagoo
The Huarabagoo deposit, located in the structural corridor between Redtree and Junnagunna, is included in the restated 2016 Westmoreland Mineral Resource Estimate 1 .
The 2024 drilling at Huarabagoo was designed to infill data gaps within the deposit, and to also test continuity of gold mineralisation within the system.
The reported results continue to support the model and confirm lateral continuity but also vertical continuity, for example HB24RC014 presents multiple mineralised intercepts downhole within a 31m zone ( 30m to 61m ) plus a higher-grade zone from 72m :
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1 https://laramide.com/projects/westmoreland-uranium-project/ |
Huarabagoo-Junnagunna Link Zone
Drilling in the Huarabagoo-Junnagunna structural corridor is designed to test the mineralisation continuity between the two deposits with the intent to further increase the overall size of the resource. Results are encouraging and support the rationale for further testing of this zone.
Corporate Update
Further to Laramide's release of December 6, 2024 , regarding the Kazakhstan exploration opportunity, Aral Resources (which Laramide has an option to acquire) has now been granted 21 exploration licenses that were applied for, with one license pending grant. Planning is well advanced for the initial phase of exploration in the country which includes historical data compilation, as well as a large-scale airborne survey expected to commence in Q2 2025. The expected budget for Kazakhstan exploration in 2025 is approximately USD$2.5M , which aligns with the requisite statutory work commitments attached to the licenses. Most of this budget is back-end loaded, beginning in Q3, and will be focused on initial drilling of the most promising roll front targets identified across the very large land package.
Following the extension of Laramide's USD$3.5M convertible note held by Extract Capital in Q4 2024 (see news release of October 18, 2024 ), the Company ended the year in a comfortable financial position with cash and marketable securities exceeding CDN$5 million . This was facilitated by sales of a portion of the shares held in Sol Strategies, a CSE listed public company (symbol: HODL) which traded at 22 cents per share on September 30, 2024 , but ended the year at $3.02 per share.
Qualified/Competent Person
The information in this announcement relating to Exploration Results is based on information compiled or reviewed by Mr. Rhys Davies , a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
To learn more about Laramide, please visit the Company's website at www.laramide.com  .
Follow us on Twitter @LaramideRes
About Laramide Resources Ltd.
Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.  As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km 2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery.
Forward-looking Statements and Cautionary Language
This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.
Table 1: Drill Collar Details | ||||||||||
Prospect | Hole ID | GDA_Easting | GDA_Northing | RL (m) | Depth (m) | Grid Azi | Dip | Hole type | Drilling | Drilling completed |
HUARABAGOO | HB24DD001 | 194116 | 8062630 | 86 | 110.8 | 133 | -60 | DD | 08/08/2024 | 13/08/2024 |
HUARABAGOO | HB24DD002 | 194186 | 8062731 | 85 | 37.8 | 134 | -50 | DD | 13/08/2024 | 14/08/2024 |
HUARABAGOO | HB24DD003 | 194185 | 8062731 | 85 | 117.9 | 134 | -50 | DD | 20/08/2024 | 23/08/2024 |
HUARABAGOO | HB24DD004 | 194110 | 8062675 | 90 | 116.1 | 134 | -50 | DD | 23/08/2024 | 27/08/2024 |
HUARABAGOO | HB24DD005 | 194211 | 8062632 | 86 | 137.8 | 314 | -50 | DD | 27/08/2024 | 30/08/2024 |
HUARABAGOO | HB24DD006 | 194234 | 8062667 | 85 | 122.8 | 314 | -50 | DD | 30/08/2024 | 01/09/2024 |
HUARABAGOO | HB24DD007 | 193970 | 8062353 | 95 | 88.3 | 314 | -50 | DD | 01/09/2024 | 03/09/2024 |
HUARABAGOO | HB24DD008 | 193974 | 8062381 | 94 | 117.3 | 314 | -60 | DD | 03/09/2024 | 06/09/2024 |
HUARABAGOO | HB24DD009 | 194171 | 8062573 | 88 | 119.6 | 314 | -50 | DD | 06/09/2024 | 07/09/2024 |
HUARABAGOO | HB24DD010 | 194283 | 8062835 | 84 | 95.1 | 134 | -50 | DD | 07/09/2024 | 09/09/2024 |
HUARABAGOO | HB24DD011 | 194303 | 8062858 | 84 | 90.1 | 134 | -60 | DD | 09/09/2024 | 10/09/2024 |
HUARABAGOO | HB24DD012 | 194573 | 8063195 | 84 | 102.2 | 134 | -70 | DD | 16/09/2024 | 18/09/2024 |
HUARABAGOO | HB24DD013 | 194573 | 8063195 | 84 | 81.5 | 134 | -50 | DD | 18/09/2024 | 19/09/2024 |
HUARABAGOO | HB24DD014 | 194567 | 8063202 | 82 | 101.3 | 315 | -55 | DD | 19/09/2024 | 24/09/2024 |
HUARABAGOO | HB24DD015 | 194660 | 8063383 | 81 | 107.0 | 314 | -60 | DD | 24/09/2024 | 25/09/2024 |
HUARABAGOO | HB24DD016 | 194764 | 8063486 | 81 | 141.1 | 134 | -60 | DD | 26/09/2024 | 27/09/2024 |
HUARABAGOO | HB24DD017 | 194724 | 8063527 | 80 | 140.7 | 134 | -60 | DD | 28/09/2024 | 29/09/2024 |
HJ Link Zone | HJ24RC001 | 195002 | 8063617 | 81 | 150.0 | 315 | -60 | RC | 17/08/2024 | 18/08/2024 |
HJ Link Zone | HJ24RC002 | 195064 | 8063844 | 79 | 150.0 | 135 | -60 | RC | 19/08/2024 | 19/08/2024 |
HJ Link Zone | HJ24RC003 | 195275 | 8063908 | 79 | 150.0 | 315 | -60 | RC | 20/08/2024 | 21/08/2024 |
HJ Link Zone | HJ24RC004 | 195141 | 8064040 | 79 | 150.0 | 135 | -60 | RC | 21/08/2024 | 22/08/2024 |
HJ Link Zone | HJ24RC005 | 195346 | 8064256 | 78 | 168.0 | 135 | -60 | RC | 22/08/2024 | 24/08/2024 |
HJ Link Zone | HJ24RC006 | 195559 | 8064345 | 77 | 90.0 | 315 | -60 | RC | 24/08/2024 | 25/08/2024 |
HJ Link Zone | HJ24RC007 | 195448 | 8064447 | 77 | 150.0 | 135 | -60 | RC | 25/08/2024 | 26/08/2024 |
HJ Link Zone | HJ24RC008 | 195634 | 8064542 | 78 | 150.0 | 135 | -60 | RC | 27/08/2024 | 28/08/2024 |
HJ Link Zone | HJ24RC009 | 195838 | 8064619 | 78 | 150.0 | 315 | -60 | RC | 28/08/2024 | 29/08/2024 |
HJ Link Zone | HJ24RC010 | 195932 | 8064814 | 77 | 150.0 | 135 | -60 | RC | 29/08/2024 | 30/08/2024 |
HJ Link Zone | HJ24RC011 | 196114 | 8064909 | 77 | 150.0 | 315 | -60 | RC | 30/08/2024 | 31/08/2024 |
HJ Link Zone | HJ24RC012 | 196208 | 8065094 | 77 | 150.0 | 135 | -60 | RC | 01/09/2024 | 02/09/2024 |
HJ Link Zone | HJ24RC013 | 195362 | 8064519 | 77 | 150.0 | 315 | -55 | RC | 02/09/2024 | 03/09/2024 |
HJ Link Zone | HJ24RC014 | 194937 | 8063686 | 79 | 150.0 | 135 | -60 | RC | 25/09/2024 | 26/09/2024 |
HJ Link Zone | HJ24RC015 | 194872 | 8063736 | 80 | 150.0 | 135 | -60 | RC | 26/09/2024 | 27/09/2024 |
HJ Link Zone | HJ24RC016 | 195131 | 8063771 | 80 | 162.0 | 315 | -55 | RC | 27/09/2024 | 27/09/2024 |
HJ Link Zone | HJ24RC017 | 195006 | 8063894 | 78 | 150.0 | 135 | -60 | RC | 28/09/2024 | 29/09/2024 |
HJ Link Zone | HJ24RC018 | 196158 | 8065142 | 79 | 150.0 | 135 | -60 | RC | 02/10/2024 | 03/10/2024 |
HJ Link Zone | HJ24RC019 | 195999 | 8065017 | 77 | 126.0 | 135 | -60 | RC | 03/10/2024 | 05/10/2024 |
HJ Link Zone | HJ24RC020 | 195731 | 8064722 | 77 | 150.0 | 135 | -60 | RC | 05/10/2024 | 06/10/2024 |
HJ Link Zone | HJ24RC021 | 195372 | 8064237 | 79 | 150.0 | 246 | -55 | RC | 06/10/2024 | 07/10/2024 |
HJ Link Zone | HJ24DD014 | 195202 | 8063980 | 78 | 150.3 | 315 | -60 | DD | 04/09/2024 | 06/09/2024 |
HJ Link Zone | HJ24DD015 | 195400 | 8064216 | 79 | 150.3 | 135 | -50 | DD | 06/09/2024 | 08/09/2024 |
HJ Link Zone | HJ24DD016 | 195533 | 8064369 | 77 | 132.5 | 315 | -70 | DD | 08/09/2024 | 10/09/2024 |
HJ Link Zone | HJ24DD017 | 195789 | 8064673 | 78 | 132.3 | 135 | -60 | DD | 11/09/2024 | 12/09/2024 |
HJ Link Zone | HJ24DD018 | 195591 | 8064583 | 77 | 138.3 | 135 | -60 | DD | 13/09/2024 | 14/09/2024 |
HJ Link Zone | HJ24DD019 | 196051 | 8064970 | 77 | 135.3 | 135 | -60 | DD | 15/09/2024 | 16/09/2024 |
HJ Link Zone | HJ24DD020 | 196267 | 8065043 | 77 | 135.0 | 315 | -50 | DD | 16/09/2024 | 19/09/2024 |
HJ Link Zone | HJ24DD021 | 195533 | 8064369 | 77 | 150.2 | 315 | -55 | DD | 20/09/2024 | 24/09/2024 |
Table 2: Significant intercepts >100ppm U 3 O 8 | |||||
Hole | From | To | Length (m) | U 3 0 8 ppm | Au g/t |
HB24DD011 | 14.3 | 16 | 1.7 | 150.28 | 0.05 |
HB24DD011 | 34 | 39.7 | 5.7 | 2053.35 | 0.58 |
including | 34.5 | 38.2 | 3.7 | 2751.20 | 0.81 |
HB24DD011 | 70.85 | 82 | 11.2 | 325.27 | 0.01 |
HB24DD011 | 85 | 86 | 1 | 129.12 | 0.01 |
HB24DD012 | 59 | 60 | 1 | 249.99 | 0.01 |
HB24DD012 | 86 | 89 | 3 | 177.43 | 0.01 |
HB24DD013 | 52 | 63 | 11 | 499.23 | 0.01 |
including | 59 | 60 | 1 | 2582.45 | 0.01 |
HB24DD013 | 68 | 80 | 12 | 1694.37 | 0.01 |
including | 69 | 74 | 5 | 3235.49 | 0.01 |
HB24DD013 | 77 | 78 | 1 | 1042.41 | 0.01 |
HB24DD014 | 20 | 25 | 5 | 360.95 | 0.01 |
including | 23 | 24 | 1 | 1113.16 | 0.01 |
HB24DD014 | 30 | 38 | 8 | 408.89 | 0.01 |
HB24DD014 | 44 | 61 | 17 | 764.24 | 0.03 |
including | 52 | 61 | 9 | 1247.99 | 0.04 |
and | 72 | 75 | 3 | 5286.75 | 0.62 |
HB24DD014 | 98 | 101.25 | 3.25 | 938.60 | 0.01 |
including | 98 | 100 | 2 | 1423.88 | 0.02 |
HB24DD015 | 27 | 49 | 22 | 871.01 | 0.02 |
including | 29 | 30 | 1 | 1550.65 | 0.01 |
and | 38 | 43 | 5 | 2503.44 | 0.01 |
HB24DD015 | 83 | 102 | 19 | 964.90 | 0.02 |
including | 94 | 100 | 6 | 2622.74 | 0.01 |
HB24DD016 | 17 | 22 | 5 | 111.76 | 0.01 |
HB24DD016 | 26 | 28 | 2 | 160.08 | 0.01 |
HB24DD016 | 36 | 37 | 1 | 117.92 | 0.01 |
HB24DD017 | 7 | 13 | 6 | 157.09 | 0.01 |
HB24DD017 | 75 | 89 | 14 | 423.32 | 0.05 |
including | 81 | 82 | 1 | 1863.14 | 0.21 |
HJ24RC014 | 74 | 75 | 1 | 113.91 | 0.01 |
HJ24RC014 | 79 | 94 | 15 | 267.18 | 0.01 |
including | 80 | 81 | 1 | 1068.36 | 0.03 |
HJ24RC015 | 108 | 115 | 7 | 309.42 | 0.01 |
HJ24RC020 | 18 | 39 | 21 | 181.91 | 0.01 |
HJ24RC020 | 95 | 99 | 4 | 156.57 | 0.04 |
HJ24RC021 | 25 | 29 | 4 | 200.17 | 0.01 |
HJ24RC021 | 32 | 33 | 1 | 126.17 | 0.01 |
HJ24RC021 | 123 | 125 | 2 | 397.57 | 0.01 |
HJ24RC021 | 137 | 139 | 2 | 267.97 | 0.01 |
HJ24DD021 | 46 | 49.1 | 3.1 | 377.91 | 0.01 |
HJ24DD021 | 51.6 | 53 | 1.4 | 119.69 | 0.01 |
HJ24DD021 | 57 | 58 | 1 | 104.71 | 0.01 |
* Included intercepts are above >1000 ppm U 3 O 8 # Â intercept is above >1% U 3 O 8 | |||||
Table 3: Significant intercepts >0.1 g/t Au | |||||
Hole | From | To | Length (m) | U 3 0 8 ppm | Au g/t |
HB24DD011 | 34.5 | 39 | 4.5 | 2433.58 | 0.72 |
including | 36 | 38.2 | 2.2 | 3135.60 | 1.23 |
with | 36 | 37 | 1 | 4563.50 | 2.04 |
HB24DD011 | 43 | 46 | 3 | 8.96 | 0.12 |
HB24DD011 | 84 | 85 | 1 | 52.47 | 0.15 |
HB24DD014 | 60 | 61 | 1 | 1123.78 | 0.34 |
HB24DD014 | 72 | 75 | 3 | 5286.75 | 0.62 |
with | 74 | 75 | 1 | 3419.68 | 1.47 |
HB24DD014 | 96 | 97 | 1 | 16.63 | 0.14 |
HB24DD015 | 46 | 47 | 1 | 261.78 | 0.24 |
HB24DD015 | 84 | 85 | 1 | 151.53 | 0.23 |
HB24DD017 | 80 | 82 | 2 | 1352.54 | 0.16 |
HB24DD017 | 86 | 87 | 1 | 627.33 | 0.18 |
HJ24RC020 | 43 | 44 | 1 | 30.66 | 0.11 |
HJ24RC020 | 76 | 77 | 1 | 3.18 | 0.22 |
HJ24RC020 | 96 | 97 | 1 | 231.71 | 0.10 |
HJ24RC021 | 102 | 105 | 3 | 31.68 | 0.57 |
including | 103 | 104 | 1 | 50.00 | 1.29 |
* Included intercepts are above >0.5g/t Au; with intercepts above >1g/t Au # I ntercepts exceed 20g/t Au | |||||
SOURCE Laramide Resources Ltd.
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GTI Energy presents an intriguing opportunity for investors seeking exposure to the uranium sector, given its focus on ISR projects in the US aligning well with macro trends in the nuclear energy industry and geopolitical shifts favouring domestic uranium production.
GTI Energy (ASX:GTR,OTCQB:GTRIF) is an Australia-based uranium exploration and development company focused on uranium projects in Wyoming, USA, that are amenable for in-situ recovery (ISR). In uranium mining, ISR is the lowest cost and least environmentally damaging form of uranium recovery, especially when an alkaline leach and ion exchange processes are utilised.
The company's flagship Lo Herma project in the Powder River Basin is a sandstone-hosted roll front uranium deposit, which contains a recently updated mineral resource of 8.57 million pounds (Mlbs) of U3O8 at average grade of 630 parts per million (JORC code compliant) with a substantial additional exploration target in the range 6 to 11 Mlbs. GTI also holds projects in the Great Divide Basin (inferred resources of 1.66 Mlbs) and Green Mountain areas of Wyoming, as well as earlier-stage conventional uranium/vanadium assets in Utah. To date, GTI has delineated total combined uranium resources of 10.32 Mlbs (indicated and inferred) and substantial combined exploration targets in the range 12 to 20 Mlbs across its Wyoming projects.
Wyoming’s ISR uranium processing assets and GTI project locations
GTI is positioning itself to take advantage of the worsening uranium supply deficit and rapidly growing demand for uranium, particularly from the United States. The US is currently the world's largest consumer of uranium but currently imports more than 95 percent of its supply. The company's strategy centres on developing low-cost ISR uranium projects in Wyoming, a historically significant uranium producing region with existing infrastructure and a supportive regulatory environment.
The uranium market is experiencing a serious supply deficit and a simultaneous significant demand resurgence driven by several factors:
In the United States specifically, there is strong bipartisan support for revitalizing the domestic uranium industry. Recent initiatives include the creation of a strategic uranium reserve, US$6 billion in grants for existing nuclear plants, and tax credits for new nuclear facilities under the Inflation Reduction Act. The Department of Energy has also advocated for tripling US nuclear capacity to 300 gigawatts by 2050, which would significantly increase uranium demand. Support for nuclear energy is now underpinned by COP28/29 DOE pledges, demand from data centre companies and 14 of the world’s largest banks.
In the longer term, GTI recognizes the potential benefits of consolidation within the fragmented US uranium sector. The company remains open to strategic partnerships, joint ventures, or even merger and acquisition opportunities that could create a more substantial production base. Such moves could potentially accelerate GTI's path to production, create operational synergies, or provide access to additional high-quality assets, enhancing the company's overall value proposition to investors.
GTI's focus on Wyoming ISR projects positions it well to capitalize on trends in the uranium sector. ISR mining is generally faster to build, lower cost and more environmentally friendly than conventional mining methods. Wyoming has a long history of uranium production and hosts current producers and several more additional permitted processing facilities, potentially allowing for rapid development of new projects.
The potential quantity and grade of Exploration Targets is conceptual in nature and there has been insufficient exploration to estimate a JORC-compliant MRE. It is uncertain if further exploration will result in the estimation of a MRE in the defined exploration target areas. In addition to drilling conducted in 2024, Exploration Targets have been estimated based on historical drill maps, drill hole data, aerial geophysics (as reported during 2023) and drilling by GTI conducted during 2023 to verify the historical drilling information. There are now 954 drill holes in the Lo Herma project area with the drill programs conducted by GTI during 2023 and 2024 designed, in part, to test the Lo Herma Exploration Target.
The Wyoming projects – comprising the Lo Herma, Great Divide Basin and Green Mountain projects – are located in the Powder River and Great Divide Basins.
The company’s exploration work is currently prioritizing resource development at Lo Herma, where recent drilling has successfully verified the historical Lo Herma drill hole database.
The Lo Herma project, located just 10 miles from Cameco's Smith Ranch-Highland facility (the largest ISR uranium plant in the US), appears particularly promising. Recent drilling results have confirmed and expanded known mineralization, with the potential to significantly increase the resource base.
The company is undertaking an accelerated program at Lo Herma with the primary objective of expanding its resource base. This ongoing initiative aims to grow the known mineralization both along trend and at depth. GTI is exploring in both the Wasatch formation and the deeper Fort Union formation, which both hold the potential to add significant additional mineralization to the project's resource inventory.
Concurrent with resource expansion, GTI is taking crucial steps to de-risk the Lo Herma project. The company is in the process of completing hydrogeologic and water monitoring wells, which are essential for understanding the project's hydrogeology and planning future production scenarios. Furthermore, GTI has collected core samples for metallurgical testing, a critical step in optimizing the ISR process and demonstrating the project's economic viability.
Looking ahead, GTI has set ambitious targets for advancing Lo Herma through key development milestones, including a potential scoping study in 2025. Positive results from these studies could serve as significant catalysts for the company, potentially leading to a material re-rating of the stock as the project's economic potential becomes clearer.
The company continues to advance its other Wyoming projects, including those in the Great Divide Basin and Green Mountain areas. Exploration at Green Mountain can commence in 2025 now that the necessary permits are in place, providing potential for additional resource growth and diversification of the company's asset base. Permits are also in place for future drilling at the company’s Great Divide Basin and Utah projects.
The Great Divide Basin project consists of the Thor, Logray, Loki, Odin, Teebo, Wicket and Green Mountain claims. The approximately 13,000-hectare group of projects is prospective for ISR-amenable sandstone-hosted roll-front uranium. The Wyoming projects are situated 5 to 30 kilometers from Ur-Energy’s Lost Creek ISR plant. The projects are also located near Rio Tinto’s Sweetwater/Kennecott Mill.
GTI Energy’s landholding in the Great Divide Basin was bolstered by the acquisition of the Green Mountain project comprising 5,585 hectares of contiguous ISR uranium exploration claims which abuts the Rio Tinto claims at Green Mountain. Historical drill data and geophysics confirm the presence of major uranium mineralisation at the projects.
Green Mountain lies immediately adjacent to the Great Divide Basin project and adjacent to Energy Fuel’s 30 Mlb Sheep Mountain, Ur-Energy’s Lost Soldier, Rio Tinto’s Jackpot & UEC’s Antelope deposits. Green Mountain contains a number of uranium mineralised roll fronts hosted in the fertile Battle Springs formation.
Exploration at Henry Mountains has focused on approximately 5 kms of mineralised trend that extends between the Rat Nest & Jeffrey claim groups and includes the Section 36 state lease block. Uranium and vanadium mineralisation in this location is generally shallow at 20 to 30 meters average depth. The region forms part of the prolific Colorado Plateau uranium province which historically provided the most important uranium resources in the USA. Sandstone-hosted ores have been mined in the region since 1904 and the mining region has historically produced in excess of 17.5 Mt @ 2,400 ppm U3O8 (92 Mlbs U3O8) and 12,500 ppm V2O5 (482 Mlbs V2O5).
Bruce Lane has significant experience with ASX-listed and large industrial companies. Lane has held management positions in many global blue-chip companies as well as resource companies and startups in New Zealand, Europe and Australia. He holds a master’s degree from London Business School and is a graduate member of the Australian Institute of Company Directors. Lane has led a number of successful acquisitions, fund raising and exploration programs of uranium and other minerals projects during the last 20 years, most notably with ASX listed companies Atom Energy, Stonehenge Metals and Fenix Resources (FEX).
ISR uranium specialist Matt Hartmann is an executive and technical leader with more than 20 years of international experience and substantial uranium exploration and project development experience. He first entered the uranium mining space in 2005 and followed a career path that has included senior technical roles with Strathmore Minerals and Uranium Resources. He is also a former principal consultant at SRK Consulting where he provided advisory services to explorers, producers and prospective uranium investors. Hartmann’s ISR uranium experience has brought him through the entire cycle of the business, from exploration, project studies and development, to production and well field reclamation. He has provided technical and managerial expertise to a large number of uranium ISR projects across the US including, Smith Ranch – Highland ISR Uranium Mine (Cameco), Rosita ISR Uranium Central Processing Plant and Wellfield (currently held by enCore Energy), the Churchrock ISR Uranium project (currently held by Laramide Resources), and the Dewey-Burdock ISR Uranium project (currently held by enCore Energy).
Simon Williamson was general manager and director of Cameco Australia until late 2023 and has significant uranium industry experience, networks and skills from his 13 years at Cameco. During his tenure with Cameco, Williamson managed relations with key government ministers and departments and community stakeholders. He managed project approvals processes, including negotiations with State and Federal agencies and reviewing the PFS for the Yeelirrie project.
Williamson was intimately involved in obtaining environmental approval for the Kintyre and Yeelirrie uranium projects, including developing and implementing a program of environmental baseline studies, government and community consultation and negotiating land access. Prior to his appointment as general manager, he led the government and regulatory affairs, environmental and radiation safety activities of Cameco in Australia.
James Baughman is a highly experienced Wyoming uranium geologist and corporate executive who will help guide the company’s technical and commercial activities in the US. Baughman is the former president and CEO of High Plains Uranium (sold for US$55 million in 2006 to Uranium One) and Cyclone Uranium.
Baughman has more than 30 years of experience advancing minerals projects from grassroots to advanced stage. He has held senior positions (i.e., chief geologist, chairman, president, acting CFO, COO) in private and publicly traded mining & mineral exploration companies during his 30-year career.
He is a registered member of the Society of Mining, Metallurgy, Exploration and a member of the Society of Economic Geologists with a BSc in geology (1983 University of Wyoming) and is a registered professional geologist (P. Geo State of Wyoming). Baughman is a registered member of the Society of Mining, Metallurgy, and Exploration (SME) and a qualified person (QP) on the Toronto Stock Exchange (TSX) and Australian Stock Exchange (ASX).
Petar Tomasevic is the managing director of Vert Capital, a financial services company specializing in mineral acquisition and asset implementation. He has worked with several ASX-listed companies in marketing and investor relations roles. Tomasevic is fluent in five languages. He is currently appointed as a French and Balkans language specialist to assist in project evaluation for ASX-listed junior explorers. Most recently, he was a director at Fenix Resources (ASX:FEX), which is now moving into the production phase. He was involved in the company’s restructuring when it was known as Emergent Resources. Tomasevic was also involved in the company’s Iron Ridge asset acquisition, the RTO financing, and the development phase of Fenix’s Iron Ridge project.