Overview
Sprott Asset Management CEO John Ciampaglia has called 2022 a “Dawn of a New Nuclear Renaissance” as governments worldwide strive to reduce emissions and realize they won’t likely meet their targets with wind and solar power alone. Nuclear energy currently supplies 10 percent of the world’s electricity, and as more nuclear power plants remain in operation and new ones come online, demand for uranium, a crucial element used to produce nuclear energy, will continue to rise.
In fact, in Q3 2022, uranium price reached a yearly high of US$52.27, a US$10 increase from January 2022. Based on the projected demand increase and a dwindling supply, some analysts anticipate the spot price for uranium to double to US107.70 by 2030. Investors can capitalize on this potential growth through commodity investing, energy ETFs or stocks of miners targeting uranium. When investing in a miner, investors benefit from both market trends and the company’s growth and successes.
ValOre Metals (TSX:
VO) is a Canadian exploration mining company focusing on high-quality metals and projects. Angilak, the company’s flagship uranium asset located in Nunavut, Canada, covers 59,583 hectares and has district-scale potential for uranium along with precious and base metals. The company is also exploring its Brazilian project targeting PGEs and gold.
Management Team
Jim Paterson - Chairman and CEO
Jim Patterson is a principal of Discovery Group and has been actively involved in marketing and corporate development activities for the group of companies since 2002. Paterson has 23 years of industry experience, including capital raises, acquisitions, joint-ventures, spin-outs, RTOs, and IPOs. He is the chairman and CEO of Valore Metals Corp. and was a driving force behind more than $60 million in equity financings for ValOre that lead to multiple discoveries and a 200 percent increase in mineral resources at ValOre’s Angilak uranium project.
Paterson was a long-standing and active director of Kaminak Gold Corp. (acquired by Goldcorp.) and founding director of Northern Empire Resources Corp. (acquired by Coeur Mining). In 2007, He founded Corsa Capital Ltd. Corsa’s 2008 IPO led to a 2010 transaction which created a leading U.S. metallurgical coal producer with a C$250 million market capitalization.
Paterson is a director of Great Bear Royalties Corp., and Strategic Advisor to Great Bear Resources Ltd., Genesis Metals Corp., Kodiak Copper Corp., and Ethos Gold Corp.
Dale Wallster - Director
Dale Wallster is a geologist and a prospector with over 40 years experience, focused on targeting and discovery of unconformity-related uranium, structurally-controlled gold, and VMS deposits.
He was president and founder of Roughrider Uranium Corp., a company acquired by Hathor Exploration Limited. Wallster and his team are widely credited in the mineral exploration sector for the discovery of Hathor's Roughrider deposit. In January 2012, Hathor became a wholly owned subsidiary of Rio Tinto as part of a C$650 million acquisition.
Jim Malone - Director
Jim Malone was chairman of the WNA's Fuel Technology Working Group, widely recognized as a nuclear industry and nuclear fuel expert, with more than 50 years of experience in the downstream business. He was the chairman of Hathor Exploration at the time of Rio Tinto’s acquisition for $650 million, and senior vice-president at Lightbridge Corporation.
Garth Kirkham - Director
Garth Kirkham has over 30 years of experience in 3D geoscience computer modeling. He is currently heading Kirkham Geosystems Ltd., which provides consulting services to the environmental, mining, geotech and oil & gas industries.
He obtained a bachelor's degree in science from the University of Alberta in 1983, completing his degree with majors in geophysics, geology and mathematics, and is a registered professional geoscientist in Alberta, Northwest Territories, BC, Ontario and Manitoba.
Darren Klinck - Director
Darren Klinck is an accomplished mining executive with a wide range of management experience working throughout Australasia & The Americas. He was president & CEO of Bluestone Resources following the acquisition of the Cerro Blanco gold project in Guatemala in 2017, where he led the team that financed and advanced the project through resource expansion, feasibility and engineering phases of the project development. Prior to that, he spent more than ten years with OceanaGold as a member of the executive committee that achieved significant growth and business expansion to become a multi-mine, international gold mining company growing from a sub-C$100 million market capitalization to greater than C$3 billion market capitalization.
Over the past 20 years, Klinck has been instrumental in negotiating both equity and debt financing packages totaling more than $800 million and has significant experience leading teams in emerging markets with a strong focus on corporate social responsibility and community engagement programs, as well as extensive government relations activities.
Robert J. Scott - CFO
Robert Scott, CPA, CA, CFA brings more than 20 years of professional experience in accounting, corporate finance, and merchant and commercial banking and has served on the management teams and boards of a number of Canadian publicly traded companies. He is a founder and president of Corex Management Inc., a private company providing accounting, administration and corporate compliance services to privately held and publicly traded companies. Scott currently holds senior management and board positions with a number of TSX Venture Exchange issuers including Riverside Resources Inc., Great Bear Resources Ltd. and Northern Empire Resources Corp.
Colin Smith - VP of Exploration
Colin Smith is a registered professional geologist (P.Geo.) in British Columbia, Saskatchewan, Nunavut and the Northwest Territories with over 16 years experience developing, executing and managing exploration campaigns in North and South America, ranging from early-stage project generation to near-mine resource delineation. Smith’s passion for exploration and discovery has garnered him technical expertise with structurally hosted gold, ultramafic-associated PGEs, porphyry copper-gold, diamonds, unconformity-related uranium and coal. Smith started with ValOre in August 2018, overseeing new project review for the company. This followed his role as senior exploration geologist with SSR Mining Inc. at the Seabee Gold Operation in northern Saskatchewan, where he designed and implemented all Seabee-based exploration activities, resulting in multiple auriferous discoveries and resource delineation. Smith holds a B.Sc. in geology from the University of British Columbia (2007), and an M.Sc. in economic geology from the University of Victoria (2012).
Thiago Diniz - Exploration Manager
Thiago Diniz is an exploration geologist with over eight years of experience working on early- to advanced-stage fertilizer, base and precious metals projects, both in Brazil and Canada, including three world-class mineral deposits (Troilus Au-Cu, in Quebec, Canada; and Belo Sun – Au, and Brazil Potash, in Brazil). He is experienced in the development and management of large-scale drilling, field mapping and metallurgical programs. Diniz is a registered P.Geo. in Ontario and Quebec (Géo) and holds a B.Sc. in geology from Universidade Federal de Minas Gerais (2013) and a M.Sc. in economic geology from Queen’s University, Kingston (2019).
Jeffrey Dare - Corporate Secretary
Jeff Dare has over ten years of professional experience managing external reporting and corporate compliance for TSX Venture Exchange and CSE listed issuers. He currently serves as the corporate secretary and advisor of a number of listed issuers, and works closely with external partners and service providers in the areas of legal, compliance, transfer agency, audit, banking and insurance. He obtained his BA from Simon Fraser University.
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