U3O8 Corp. is a Canadian-based resource company that is focused on uranium and by-product commodities that are used elsewhere in the clean energy industry – vanadium, nickel and phosphate in the industrial battery space, and rare earths used in high-efficiency electric motor and generator industries.
We recognize that success in the cyclical resource industry depends on the quality of one’s assets – that bringing high production-cost deposits on-stream leads to over-supply that results in declining commodity prices and profitability problems for the high-cost producers. U3O8 Corp.’s focus, therefore, is on deposits that have low production-cost potential.
Laguna Salada Deposit in Argentina
Our 100%-owned Laguna Salada Deposit in Argentina would have a cash cost of production of US$22 per pound of uranium, net of vanadium by-product credit
Berlin Deposit in Colombia
Our 100%-owned Berlin Deposit in Colombia would have a cash cost of production of almost zero per pound of uranium due to the value of the potential by-products.
Kurupung Deposit in Guyana
Our 100%-owned Kurupung Deposit in Guyana, based on internal preliminary estimates, is unlikely to be a low-cost uranium producer. While the Company is focused on the Laguna Salada & Berlin deposits, factors that could be game-changers for the Kurupung Deposit are growth in the size of the deposit to yield economies of scale, new separation technologies and the potential to produce zircon as a by-product. We see potential for growth to a very large deposit, but continued exploration is difficult to fund under the current weak market conditions.
