ENRG Elements Limited (ASX: EEL): A Uranium Project in Niger.

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Coffee with Samso Episode 162 is all about uranium.

 

Today, we hear from Caroline Keats, Managing Director and CEO of ENRG Elements Limited (ASX: EEL) about their Uranium Project in Niger, a well known uranium province.

 

For decades, Niger is a known uranium producing nation in an endowed U3O8 mineralising province. When I think of a mineral province, my thoughts are the area is a proven mineralised system. In this day and age, the need to get the product to market is a very important aspect as well.

 

The first Uranium story on Samso was in 2019 with Mike Young from Vimy Resources Limited. Vimy has since been taken over by Deep Yellow Limited (ASC: DYL). At that time, there was still a lot of resistance to the uranium business.

 

 

I feel the sentiment in the market has changed dramatically since 2019. There has been a recent rise in the price of "yellowcake" to above USD60 per pound.

 

With little activity in the uranium sector, our recent interview with Simon Mitchell of Orpheus Minerals Limited may have sparked off new perceived sentiments when they announced their IPO. Simon told our listeners about the new company doing uranium exploration in Australia.

 

 

The ENRG Element story is very different

 

We are talking about a project that is in a proven uranium mining province. We are talking about a proven uranium mineralised province. The nation of Niger is a significant uranium player.

 

My realisation of the potential of Enrg Elements is that there is a history of uranium mining and extraction in Niger. There are big players involved and the increasing sentiment for nuclear energy could make this a very interesting proposition.

 

Serious Business

 

ENRG Elements has a project that Paladin Energy Limited (ASX: PDN) had as a second project and they did work on the property. This was a project that Paladin did research on and acquired. It wasn't moose pasture.

 

This was also a project that is in a known and proven mineralised province. ENRG Elements has an inferred resource on the project as well. Definitely not a hope and a prayer style project.

 

The fact is that the company, ENRG Elements has to complete the journey to prove the economic viability of the project. The economic viability of the project is no longer uncertain as a good part of the journey is completed. Jurisdiction risks are always present but somewhat less in Niger as they are in the business of uranium already.

 

Take some time, listen to the episode and use the information as part of your DYOR process.

 

Do Your Own Research but don't let this slip.

 

Chapters

00:00 Start

00:20 Introduction

01:23 About Caroline and ENRG

02:51 About the Agadez Project

06:48 Being based in a producing country

11:08 Is ENRG a critical metal company or an energy company?

13:21 The view on Uranium

15:51 The future of nuclear power

18:52 How should investors position themselves?

20:43 How should investors view ENRG?

21:54 The Ghanzi West Copper Project

23:12 News flow

23:52 Why EEL?

24:49 Conclusion