Dig Deep Challenges and Catalysts for the Uranium Market: Insights from James Sykes
In the episode we have a returning guest who appeared recently back in October 2021 (Episode 182). James Sykes, is the CEO and Director at Baselode Energy, a fully funded Uranium exploration company that has achieved resounding success within the region, like holding a portfolio of highly prospective uranium exploration properties in the eastern side of the Athabasca Basin.
James is an established geologist and explorer in Athabasca Basin namely in uranium exploration and discovery. He’s been at the helm of Baselode Energy now for over 3 years so we get an update from as to what has been happening over the last few years, Baselode’s ACKIO results and what is happening in the Uranium market at the moment.
He’s also going to be attending Europe’s largest mining event, Resourcing Tomorrow, (Formerly known as Mines and Money London,) which is taking place in London on the 28-30 November, serves as a unifying platform for the entire mining value chain, fostering learning, lively debates, and providing valuable networking opportunities.
Register now and receive a 10% discount on current early bird prices using the code DIGDEEP10.
Click here to get your ticket to this: www.resourcingtomorrow.com/register
KEY TAKEAWAYS
- Baselode Energy, a fully funded uranium exploration developer, has achieved success in the Athabasca Basin region, holding a portfolio of highly prospective uranium exploration properties.
- Baselode Energy's main focus is on the ACKIO discovery, which is a potential open-pit uranium mine. The project has expanded and shown promising results, with multiple zones of mineralization starting at shallow depths.
- The uranium market is currently experiencing a surge in demand, driven by increased nuclear energy needs globally. The supply side, however, is struggling to keep up, with many previous mines on care and maintenance and limited production capacity.
- The catalysts for money to flow into the uranium industry include rising spot prices, increased awareness and sentiment in the market, and successful funding deals for uranium companies. The outlook for Baselode Energy includes further exploration and drilling at ACKIO and Hook projects, with potential plans for additional projects in the future.
BEST MOMENTS
"This is an extremely hot market and it's really dominated by the lack of supply and increased demand."
"Nuclear energy does not have the best reputation in the public's eye. Albeit it's the greenest, safest source of Baseload power globally, and has been since the 50s."
"We're even seeing it in the news. You're seeing it on CNN. You're seeing it on Bloomberg. You're seeing it on the Financial Times. It's being mentioned. So that, yeah, that basically means that the sentiment is there, the awareness is there, and the money is flowing in."
"We're seeing those same spot price levels now and the sophisticated investors, the market makers, the funds, they're all seeing that same price value now."
VALUABLE RESOURCES
https://www.linkedin.com/company/baselode-energy/
YouTube (The Ore Group channel)
https://www.youtube.com/channel/UCM9WVfeCJdrS29dZzFrpH5w
mailto:rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
http://www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJgQ?guidedhelp_flow=3
https://www.linkedin.com/in/rob-tyson-3a26a68/
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.