Hallgarten and Co analyst, Christopher Ecclestone, has written an outstanding and comprehensive summary on the nuclear framework of Argentina in which he summarizes the history of nuclear electricity generation and the direction in which the country is moving forward. He highlights that uranium production is the one conspicuous gap in the otherwise complete Argentine nuclear energy program. He also points out that Brazilian uranium production is falling short of future demand and therefore represents a logical export opportunity for Argentine uranium production.
The release of this report is timely, just over a week ahead of the Argentine mid-term elections in which President Macri’s pro-business government is expected to be given a strong mandate to continue with pro-business economic reforms.
U3O8 Corp.’s Laguna Salada project is the only uranium-vanadium deposit in Argentina that has both an NI 43-101 resource estimate and preliminary economic assessment, and is well positioned to benefit from Argentina’s demand for uranium for its reactors. Argentina currently imports all of the uranium required for its reactors.
The vanadium at Laguna Salda also represents an interesting opportunity since the merits of industrial-scale storage capacity of vanadium redox batteries (VRB) are finally being more widely recognized. These batteries would be a logical fit to support Argentina’s aim to produce 20% of the country’s electricity demand from renewables by 2020.
Richard Spencer
Director, President and CEO
About U3O8 Corp.
U3O8 Corp. (www.u3o8corp.com) is listed on the Toronto Stock Exchange (UWE.TO), on the OTCXQ market in the USA (OTC:UWEFF) and on the Santiago Stock Exchange in Chile (SSE:UWECL). The Company is Toronto-based with a portfolio of quality deposits in South America that contain uranium and other commodities used in low-emissions energy generation and agriculture. The company is focused on creating long-term shareholder value through the discovery and development of deposits that have the potential to be among the lowest-cost producers in the industry. U3O8 Corp. is committed to working with local communities for sustainable development and to minimize our carbon footprint.
References
Original article from Halgarten analyst Christopher Ecclestone.
http://hallgartenco.com/file.php?path=Mining&filename=Uranium_Argentina_2017.pdf
