ADVANCED PROJECTS IN PREMIER MINING JURISDICTIONS
WRAY MESA, UTAH
- Commodity: Uranium
- Utah is the 3rd largest uranium-producing state having produced >130 Mlbs U3O81
- Wray Mesa adjoins Energy Fuel’s (EFT-T, UUUU-NYSE) permitted and production-ready La Sal project
1.https://geology.utah.gov/map-pub/survey-notes/energy-news/energy-news-may-2008/#:~:text=Utah%20is%20the%
INDEPENDENCE, NEVADA
- Commodity: Gold
- The USA is the 5th largest gold producing country with Nevada accounting for over 75% of US production2
- 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 at ~16-year high of US$85/lb U3O8
- Gold recently hit an all-time high of US$2,135.40 (Dec 5/23)
Capital Structure
As of Dec. 13, 2023
| Shares (M) | |
|---|---|
| Basic Shares Outstanding | 18.79 |
| Warrants | 7.31 |
| Options | 1.05 |
| Fully Diluted | 27.16 |
| C$(M) | |
|---|---|
| Working Capital | 1.50 |
| ITM Warrants | 3.66 |
| ITM Options | 0.43 |
| Working Capital & Potential Proceeds | 5.58 |
| Market Cap | 10.71 |
