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| Nuclear power needs to triple by 2050 to meet global temperature reduction goals.
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| That’s the little-known truth of the decarbonization trend.
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| Nuclear power’s only emission is steam, and it provides the kind of 24/7 baseload electricity that the world absolutely needs if it’s going to electrify its economy.
As you can see from the chart below, the long-term potential growth of the nuclear industry is already playing out in the spot price of yellowcake uranium.
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| After more than a decade of trading in the doldrums, the price of uranium has sparked to life lately, reaching $106/lb before settling into a trading range in the high $80s.
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| And as those higher prices bring generalist investors rotating into this tiny sector, one of the top names that they’ll be taking a close look at is clearly Generation Uranium (GEN.V; GENRF.OTC).
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| As you’re about to see, this company has a highly prospective land package in Nunavut’s desirable Thelon Basin that could host the sector’s next big uranium discovery.
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| Location, Location, Location
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| The Thelon Basin is at an earlier stage of exploration than the Athabasca Basin that hosts so many of the world’s highest-grade uranium deposits.
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| The Thelon Basin is similar in age — and larger — than the Athabasca, and extensive uranium showings have been found on the surface.
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| The Thelon saw a flurry of exploration in the 1970s and 1980s and then another wave of exploration between 2000 and 2011. Historically, over 60 million pounds of uranium have been defined in the basin.
If you’re looking for the “next big thing” in uranium exploration, look no further.
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| The Yath Project:
More Than $5 Million
In Prior Exploration
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| Generation Uranium’s 100%-owned Yath project is located just west of and directly along trend with Atha Energy’s large Lac 50 deposit at Angilak.
That deposit has an inferred resource of 43 million pounds of 0.69% U3O8 and is open for expansion.
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| Click image to enlarge
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| Yath covers the possible western extension of the Lac 50 trend, and more than $5 million of past exploration expenditures have identified multiple northeast-trending regional faults bisecting the license area. Basin-bounding unconformities cross the western side of the license and are exposed in the center.
Moreover, there’s strong evidence of uranium at surface, with historical high-grade mineralization recorded, including 9.81%, 3.95% and 2.14% U3O8 in surface boulders.
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| A Trend That Begs To Be
Followed Up With Drilling
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| Even more intriguing is the VGR trend located on Yath’s western end....
A 2012 seismic reflection survey on the VGR identified a large-scale gravity low that’s typical of many high-grade deposits in the Athabasca Basin.
Prior owners drilled the VGR...but they did so before they completed the seismic survey.
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| Here’s the exciting part: The prior drill holes didn’t go deep enough to test the anomaly at depth.
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| Now Generation Uranium has a chance to follow up with a drill program of its own that tests for an unconformity style deposit.
Here’s what a 2012 assessment report had to say about the target: “The VGR represents one of the best settings for high-grade unconformity-style uranium mineralization on the property.”
After completing early-season drone geophysical surveys on Yath as whole, Generation plans to follow up on the targets from that work.
It seems obvious that good results from this effort would light a fire under Generation Uranium’s share price.
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| Cashed Up For Exploration
With An Area Play Kicker
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| Thanks to two recently completed private placements, Generation Uranium has $1.7 million in its treasury to pursue an aggressive exploration program at Yath.
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| With over 30 showings of 1%-10% U3O8 found all over the property, this is truly a target-rich environment.
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| Plus, with only 25 million shares outstanding, Generation Uranium has the kind of drum-tight share structure that can turn good news from the drill bit into serious share price gains.
The investment case for this company is absolutely straightforward:
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| • Generation has a highly prospective land position that borders the largest uranium deposit in the Thelon Basin.
• A key trend on that land package hosts a geophysical anomaly that has yet to be tested at depth.
• Generation Uranium has the money and the motivation to test that anomaly sooner rather than later.
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| For those who want to place a wager on a top uranium exploration story in today’s hot market, now is the time to begin doing your due diligence on Generation Uranium Corp.
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