On June 22nd, 2018 Matthew Bohlsen of InvestorIntel.com published an original column on U3O8 Corp titled The vanadium advantage in U3O8’s pathway to uranium production in which he states, “U3O8 Corp. has a wise strategy that investors can benefit from. That is, they plan to bring on their low CapEx Laguna Salada project first, as this is the easiest to achieve (provided uranium spot prices are above USD 22/lb). Once achieved, they can use surplus cash flow to help fund their larger CapEx low running cost Berlin Project in Colombia. This project has a zero dollar cost of production due to a large amount of valuable by-product credits. This will mean once operational it will be extremely profitable.”
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U3O8 Corp reports that geophysical test work showed that electrical tomography (“ET”) proved successful as a means of delineating channels at the base of the gravel layer in its Laguna Salada Deposit (“Deposit” or “Project”) in Argentina. Gravel-filled channels contain generally higher uranium-vanadium grades and this test work proved that ET can be used to detect the location and depth of channels beneath younger cover.
U3O8 Corp reports that a trial has commenced to test the effectiveness of geophysics to detect channels at the base of the gravel layer at its Laguna Salada Deposit in Argentina. Exploration elsewhere on the Property has shown that channels contain higher-grade uranium-vanadium mineralization that could further improve the positive economics of the Deposit.
In 2017, Argentina committed to the construction of its 4th and 5th large nuclear power plants and is on schedule with refurbishment related with the life-extension and up-rating of the Embalse nuclear plant. Construction of the CAREM 25 small modular reactor (“SMR”) – one of only three SMRs under construction around the world – is reported to be progressing well.
2017 was an extraordinary year for the uranium industry: against a backdrop of steadily increasing nuclear energy generation and uranium demand, the world’s largest and lowest-cost producers cut output to essentially eliminate the oversupply that has dogged the uranium market since the Fukushima meltdown almost seven years ago. Underscoring the fact that today’s uranium prices are too low for profitable production, the State-run uranium producer in Kazakhstan, that produces 40% of the world’s uranium and is the world’s lowest-cost producer, has set up a trading arm that will allow its uranium to be sold at higher prices.
Latest Press Releases
- Correction to Press Release entitled U3O8 Corp. Announces Upsizing of Previously Announced C$500,000 Financing to C$1,000,000February 16, 2021 - 10:55 am
- U3O8 Corp. Announces Upsizing of Previously Announced C$500,000 Financing to C$1,000,000February 13, 2021 - 7:46 pm
- U3O8 Corp. Announces C$500,000 FinancingJanuary 28, 2021 - 7:30 am
- U3O8 Corp. Enters into Option Agreement to Sell its Laguna Salada Project – First Step in Corporate RestructuringDecember 14, 2020 - 8:05 am