Peter Dasler President and CEO of Canalaska Uranium, presents an outstanding summary of the status of the uranium mining today, as it awaits the predicted price rise. According to the Rick Rule, he emphasizes that It’s not a question of IF uranium prices will increase, but WHEN:
- Uranium supply deficits will increase as China ramps up its nuclear fleet
- Spot price is close or below mine operating costs - Speculation and supply disruptions could be initial catalysts for higher uranium prices
Global electricity demand to grow 76% by 2030
- Half of the increase in energy growth will be in Asia - Nuclear power is rising to meet the world’s growing energy needs Why Explore the Athabasca Basin for Uranium?
- The Athabasca Basin hosts the world’s richest uranium mines
- The unique geology hosts deposits 100 times greater than world average
- Planned supply of >25% of world’s uranium from a safe jurisdiction
- Since 2002, significant uranium discoveries using new technology
Large land positions in key locations in the Athabasca:
- $85 Million expended to define targets largely through JV’s with Japanese and Korean Industry Partners
- NW Manitoba project option to Northern Uranium in 2015: $11.6M deal drilling awaited 2017
- West McArthur option to CAMECO in 2016: $12.5M deal.
Drilling summer 2017:
- Moon Project option to Denison in 2016: $700K deal
- Head of exploration co-discovered Cigar Lake and managed operations for Cogema (Areva)
There always will be a mining industry. The world needs the metals. The world also needs the junior miners since they make most of the discoveries which the majors end up turning into mines.
Original URL: http://www.canalaska.com/i/slides/CVVslideshow.pdf
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