Alex Klenman CEO: Supply and Demand Dynamics are Making a Strong Uranium Market

TL;DR

Azincourt, with its East Preston uranium project in Saskatchewan's Athabasca Basin, is in a prime location for high-grade uranium discoveries.

Transcript

We're at VRIC here in Vancouver 2019 and joining me now is Alex Klenman. Today, we're talking about Azincourt. Where you trading? What's your symbol? AAZ on the TSXV. Tell us about this property or group of properties that you have. We're in the lithium and uranium space. Our primary asset at the moment is the East Preston uranium project in the At... Read More

Key Insights

• ✋ Azincourt's East Preston uranium project is located in the Athabasca Basin, a region known for its high-grade uranium deposits.
• 📽️ The project's proximity to major players in the uranium industry, such as NextGen and Cameco, increases its attractiveness and potential for success.
• 😮 Uranium demand is expected to rise due to new reactors being commissioned globally and supply cuts by major producers.
• ✊ Nuclear power generation offers a cleaner alternative to coal-based electricity generation, particularly for countries like China and India.
• 🎁 The potential for uranium discoveries at the East Preston project presents a compelling risk-reward scenario for investors.
• 🤑 Azincourt's market cap of $4-5 million Canadian makes it an exclusive address in a rich uranium region.

Questions & Answers

Q: What makes the East Preston uranium project a promising prospect?

The project is located in the Athabasca Basin, which is known for high-grade uranium deposits and is home to major uranium companies. Azincourt's proximity to these established players increases its chances of discovering significant uranium reserves.

Q: Why is uranium demand expected to rise?

Demand for uranium is expected to increase due to more reactors coming online globally and the shift towards cleaner, nuclear-generated electricity. Supply cuts by major players like Cameco and KazAtomProm have also contributed to the bullish market outlook.

Q: What are the advantages and challenges of nuclear power generation?

Advancements in technology have made newer reactors safer and more easily contained. Nuclear power offers a cleaner alternative to coal-based electricity generation, but negative events like the Fukushima disaster can have long-lasting effects on public perception.

Q: What are the next steps for Azincourt and its East Preston project?

Azincourt plans to conduct a drill program in the spring to explore the potential for uranium discoveries at the East Preston project. They have already completed geophysical work, and if successful, a significant discovery could significantly impact their market cap.

Summary & Key Takeaways

• Azincourt's primary asset is the East Preston uranium project in the Athabasca Basin, where 15-20% of the world's uranium supply comes from.

• The project covers 25,000 hectares and is in proximity to major players in the uranium industry.

• Uranium demand is expected to rise due to new reactors and a cut in supply, making it a compelling investment opportunity.