Azincourt Energy Targeting 2 Separate Uranium Discoveries

Azincourt Energy is developing critical alternative energy projects for uranium and lithium, with 2 core uranium projects in the Athabasca Basin, Saskatchewan. Either one of them is capable of delivering Canada’s next uranium discovery and Azincourt is setting the table for a Fall exploration program that may determine which project gets to make that distinction.

But first we need to understand the companies’ motivation for pursuing multiple exploration programs at once.

The world needs clean energy and the demand for Uranium is stronger than available supply, creating a stable price environment. Power capacity worldwide is increasing with ~50 reactors under construction and a reduction in overall mining production is pressure on available supply.

This in turn provides confidence for companies looking to make a discovery. Where is the best place to make discovery? A place where there is a 40 year history of mining and production is a great place to start.

Saskatchewan, a rich history of Uranium production and up 10 to 100 times the world average Uranium grade that make economic discovery feasible.

This is where Azincourt’s 2 projects come into play. Both are situated in the Athabasca Basin in 2 different areas that provide equal opportunity for a discovery to be made.

More importantly they have 3rd party validation through institutional ownership up to 30% and financing Azincourt to the tune of $8M. This is an important indicator to understand a companies’ prospects. You need viable projects to attract funding, and in this case it is a large sum of money being devoted to a help Azincourt make a discovery.

Take a seat and have a listen to this great interview with Alex Klenman, President & CEO of Azincourt Energy (TSX.V: AAZ / OTC: AZURF) as he explains how they may make not one, but 2 possible Uranium discoveries in Saskatchewan's prolific Athabasca Basin.