Interview with Roger Lemaitre, President and CEO of Uranium Explorer, UEX Corporation (TSX:UEX).
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Uranium is still hovering around $31/lb, with uranium explorers like UEX Corporation attempting to manoeuvre smartly into a prime position ahead of the imminent next uranium cycle. So, what is the latest news around this uranium mining player with a large portfolio of uranium assets in the renowned Athabasca Basin?
UEX Corporation had announced a measly $700,000 private placement at the start of May, which eventually closed as a $2M oversubscribed private towards the end of May. Such a small quantity of capital was raised as part of a "hard-dollar financing" strategy. It was intended to be used as a small working capital boost to enable UEX Corporation to do some more work at the Christie Lake uranium project. On August 4th, UEX Corporation commenced drilling at Ōrora North within the wider Christe Lake project. The first phase of this summer drilling program will consist of three holes, resulting in 1,800m of drilling. A possible second phase will hinge on the results of the first, with anomalies being hunted enthusiastically with the potential for high-grade, low-cost uranium on the horizon.
As the most active uranium explorer in the Athabasca Basin, how will Lemaitre and his team systematically decide which average uranium assets to offload and which to develop?
What did you make of Roger Lemaitre and uranium explorer, UEX Corporation? Would you invest? Comment below and we will respond.
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We Discuss:
Company Overview
Roger's Track Record and Experience
Why Raise So Little? Strategy and Outlook
The Complex Uranium Market and its Impact on Company Decision-Making
2/10 Assets: Update and Plans for Christie Lake & Shea Creek
8/10 Assets: Plans & Timeline
No One Sells the Good Stuff Cheap: Offloading Philosophies & M&A Red Flags
Future Raises: Market, Sums, & Future for UEX
Company page: https://www.uexcorp.com
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