ADVANCED PROJECTS IN PREMIER MINING JURISDICTIONS
CREE EAST, SASKATCHEWAN
- Commodity: Uranium
- The Athabasca Basin is host to the highest-grade uranium deposits in the world and accounts for 15% of global production1
- Cree East is located proximal to three of Cameco’s operating assets: 41km from Key Lake, 79 km from McArthur River and 123 km from Cigar Lake; and two of Dennison’s development projects: 37 km from Millenium and 54 km from Phoenix
1.World Uranium Mining Production: https://world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/world-uranium-mining-production.aspx
WRAY MESA, UTAH
- Commodity: Uranium
- Utah is the 3rd largest uranium-producing state having produced >130 Mlbs U3O82
- Wray Mesa adjoins Energy Fuel’s (EFT-T, UUUU-NYSE) permitted and production-ready La Sal project
2.https://geology.utah.gov/map-pub/survey-notes/energy-news/energy-news-may-2008/#:~:text=Utah%20is%20the%20third%2Dlargest,of%20uranium%20oxide%20(U3O8)
INDEPENDENCE, NEVADA
- Commodity: Gold
- The USA is the 5th largest gold producing country with Nevada accounting for over 75% of US production3
- Independence adjoins Nevada Gold Mines Phoenix Mine, a Barrick Gold (ABX-T, GOLD-NYSE) and Newmont (NGT-T, NEM-NYSE) joint-venture
2.https://www.gold.org/goldhub/data/gold-production-by-country
INVESTOR PRESENTATION
DIVERSIFIED COMMODITY EXPOSURE WITH STRONG FUNDAMENTALS
- Uranium spot price remains near 16-year high of US$107/lb U3O8 (Feb. 5th, 2024)
- Gold recently hit an all-time high of US$2,432 (April 2024)
Capital Structure
As of Apr. 24, 2024
| Shares (M) | |
|---|---|
| Basic Shares Outstanding | 27.73 |
| Warrants | 7.14 |
| Options | 0.78 |
| RSUs | 0.87 |
| Fully Diluted | 36.31 |
| C$(M) | |
|---|---|
| Working Capital | 1.70 |
| ITM Warrants | 2.37 |
| ITM Options | 0.34 |
| Working Capital & Potential Proceeds | 4.41 |
| Market Cap | 15.14 |
