Interview with Michael Collins, Director & CEO, and William Sheriff, Chairman of Nuclear Fuels
Recording date: 7th November 2023
Nuclear Fuels Corporation (CSE:NF) is dedicated to in-situ uranium exploration in the United States, primarily in Wyoming. Their key property is the Kaycee Uranium Project located in the western side of the Powder River Basin, a prolific historic uranium-producing region. The KC project encompasses over 30 miles along trend with almost 4,000 historic drill holes and is the best uranium exploration project in the US.
The company is focused on validating and expanding the half-million pound historic resource at the Kaycee Project. They believe this area has potential for some of the highest grades on the property with an average grade of 0.14% U3O8 based on historical data. The investment case highlights that Nuclear Fuels has assembled the entire 110-mile system of mineralized roll fronts in the district under one company for the first time. The company has an aggressive drilling program underway to step out and expand the known mineralization along the roll-front trends. They are utilizing gamma probe logging for rapid turnaround of assay results over the coming weeks and months.
Upcoming catalysts include a steady flow of drill results from the ongoing program expected over the coming weeks. These results will support the validation and expansion of the historic resources to build investor confidence and support further fundraising. The ultimate goal is to delineate a minimum 10-15 million pound resource to trigger the clawback option by Encore Energy and position Nuclear Fuels on the fast track to uranium production in Wyoming.
Learn more: https://cruxinvestor.com/companies/nuclear-fuels
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An insight into junior mining and opportunities to invest.
Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster.
Matthew Gordon, and guest host Merlin Marr-Johnson hone in on the important factors that indicate a company's strong footing for growth and success.