Peter Epstein reports that Uranium Resources is a small cap uranium company focused on closing a proposed merger with Anatolia Energy. If the proposed merger closes, the resulting company would have a market cap of about US$ 41 million. Importantly, all references to the merger and pro forma company are subject to the likely, but to be determined consummation of the merger. Words like, should, would, could, anticipated, possible, might, expected, and proposed (and others) are deemed to apply, as appropriate. As this announcement is based on a verbal or email interview, those conditional terms may not have been used in every reference. Mr. Jones and the URI management team and Board believe that the merger is likely to close, especially as the support of key shareholders of both companies has been obtained. URI shareholders would benefit from near-term production from Anatolia low-cost, high-grade Temrezli ISR Project in Turkey.
Temrezli all-in costs of approximately $30 per pound in Anatolia NI 43-101 compliant Pre-Feasibility Study puts the project in the lowest cost quartile in the industry. Temrezli would allow URI to resume production sooner than would otherwise be possible. There is also considerable exploration upside in the greater Temrezli district. We would target construction and initial production as soon as possible, aligning with analysts estimates for a uranium price recovery. Anatolia shareholders would benefit from URI vast uranium resources within projects in the major uranium districts of Texas and New Mexico and two licensed processing plants in Texas. There are substantial cap-ex synergies, lowering the estimated $41 million start-up capital for Temrezli by as much as $11 million from relocating the URI idled Rosita processing plant to Turkey and using their internal engineering experience and expertise. Anatolia shareholders would gain improved liquidity through the URI U.S. NASDAQ listing.
Original URL: https://www.directorstalkinterviews.com/uranium-resources-merger-anatolia-energy-clear-winner/412674521
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