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.

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Nuclear Fuels (CSE:NF) has recently announced its plans to commence drilling at its high-grade historic uranium resource in Wyoming. The company aims to expand its existing resource base, capitalizing on the rising demand for clean and efficient nuclear power.

The project is located in the prolific Powder River Basin, which is known for its significant uranium mineralization. With the increasing interest in nuclear energy as a sustainable and low-carbon alternative to traditional fossil fuels, Nuclear Fuels is strategically positioned to take advantage of the growing market for uranium.

The historic resource at the site has already demonstrated high-grade uranium deposits, making it an attractive target for further exploration and development. The upcoming drilling program is expected to provide valuable data on the extent and quality of the uranium mineralization, potentially leading to a significant increase in the resource base.

Nuclear Fuels’ efforts to expand its uranium resource base come at a time when the global nuclear energy industry is experiencing a resurgence. As countries around the world seek to reduce their carbon emissions and transition towards cleaner energy sources, nuclear power has emerged as a crucial part of the solution. In fact, the International Energy Agency (IEA) projects a 15% increase in global nuclear capacity by 2040.

Furthermore, the expected growth in demand for nuclear energy is accompanied by a shortage of uranium supply. This presents a compelling opportunity for companies like Nuclear Fuels to capitalize on the rising uranium prices and secure a strong foothold in the market.

With its focus on environmentally responsible mining practices, Nuclear Fuels is committed to upholding the highest standards of safety and sustainability in its operations. The company’s dedication to social and environmental responsibility aligns with the growing emphasis on ethical and sustainable sourcing in the mining sector.

As Nuclear Fuels moves forward with its drilling program, investors and stakeholders will be closely watching the results and the potential impact on the company’s future prospects. The successful expansion of the high-grade uranium resource in Wyoming could significantly enhance Nuclear Fuels’ position in the global uranium market and pave the way for sustainable growth and success.

In conclusion, Nuclear Fuels’ upcoming drilling program in Wyoming represents an important milestone in the company’s efforts to strengthen its uranium resource base. In light of the increasing demand for nuclear energy and the shortage of uranium supply, Nuclear Fuels is positioned to capitalize on the market opportunities and contribute to a cleaner and more sustainable energy future.