Company Interviews

Interview with Christian Easterday, Managing Director & CEO of Hot Chili Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/hot-chili-asxhch-chiles-next-major-copper-mine-advancing-a-tier-1-copper-asset-with-a-twist-5056

Recording date: 10th June 2024

Investors should take a serious look at copper as the world faces a looming supply crunch just as demand for the critical metal is set to surge. Copper's unique properties make it essential for electrification and the transition to renewable energy - two of the most powerful trends set to drive the global economy in the coming decades. However, a lack of new mine supply and declining grades at existing operations means the copper industry will likely struggle to keep pace with this demand.

The numbers paint a compelling picture. Copper demand is forecast to grow nearly 3% per year through 2030, doubling the market's size. Electric vehicles, which use 3-4 times more copper than internal combustion engines, could add over 4 million tonnes per year of demand by 2030 - equivalent to 20% of the current market size. Renewable energy is even more copper intensive, with wind and solar power using 2-6 times more copper per megawatt than conventional sources.

On the supply side, the world's copper mines are aging and their grades declining. Average copper grades have fallen from 1.2% in 2000 to 0.8% today and could decline to 0.5% by 2030 - meaning twice as much ore would need to be mined and processed to produce the same amount of copper. Reserves are also not being replaced - over the last decade the industry has consumed over 80 million tonnes of copper but found less than 30 million tonnes of new reserves.

The project pipeline to meet these challenges looks thin. S&P Global estimates the industry needs to invest $100 billion to build 8 million tonnes per year of new mine capacity by 2030 to meet demand. Currently less than half that amount is being invested, and most advanced-stage projects face major obstacles. Over 80% of projects are in high-risk jurisdictions and the average lead time from discovery to production now exceeds 20 years.

This creates opportunities for investors to position in high-quality copper assets as supply tightens and prices rise. One company that stands out is Hot Chili (ASX:HCH). Hot Chili controls Costa Fuego, one of the few major copper projects ready to break ground this cycle. Located in Chile at low elevations near the coast, Costa Fuego hosts 2.9 million tonnes of copper resources and is on track for a construction decision by 2026. Crucially, the project has already secured key permits and infrastructure access, substantially de-risking its path forward.

Hot Chili also controls strategic maritime concessions that position it to supply seawater and desalinated water to mines across the region. In the dry Atacama desert, water access is a key bottleneck for new mine development. Hot Chili's water rights thus not only secure supply for Costa Fuego but provide an additional source of value and a potential funding avenue for the project's development.

CEO Christian Easterday sums it up: "When we look at that pool of new developers, we look at a crowd that is in high altitude, and then we look at the crowd that sits at low elevation. And the experiences down at low elevation next to infrastructure, next to the coast, have been very different from the last cycle and in and coming into this cycle. You've got to think about very successful developments."

As the copper market's structural deficit grows in the coming years, investors should look to position in the few high-quality projects capable of helping fill the supply gap. With its large, advanced project in a top jurisdiction, strategic Chilean water rights, and an experienced team, Hot Chili offers investors compelling exposure to copper's attractive long-term fundamentals. As Costa Fuego advances towards production, the company appears well positioned to benefit from the expected strength in the copper price and re-rate towards the valuations of its producing peers.

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View Hot Chili's company profile: https://www.cruxinvestor.com/companies/hot-chili-limited

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Interview with Robert Van Egmond, VP Exploration of Dolly Varden Silver Corp.

Recording date: 6th June 2024

Dolly Varden Silver (TSXV:DV) offers investors a compelling opportunity to gain exposure to a high-grade silver project in one of the world's premier mining jurisdictions. The company's 100%-owned Kitsault Valley project, located in northwestern British Columbia's prolific Golden Triangle region, hosts several silver-rich deposits with significant exploration upside.

One of the key advantages of Dolly Varden is the high-grade nature of its silver deposits, with over 95% of the metal value coming from silver. This sets the company apart from many other silver producers that derive a significant portion of their revenue from base metals or gold byproducts. For investors seeking a pure-play silver investment, Dolly Varden is an attractive option.

The company is focused on advancing and de-risking its existing resources while continuing to explore the highly prospective Kitsault Valley project for new discoveries. Recent drilling has identified wider zones of silver mineralization within structural corridors, potentially amenable to bulk underground mining methods. This could enhance the economics of the deposits.

Furthermore, new high-grade gold-silver discoveries on the northern portion of the property, with grades similar to the nearby Brucejack mine, highlight the exploration potential of the project.
Dolly Varden benefits from a strong institutional investor base, with major shareholders including Hecla Mining and Eric Sprott. This long-term support provides a solid foundation for the company to continue advancing its projects. 

Additionally, the company's leverage to silver prices is significant, with the share price historically appreciating 20-30% for a 10% rise in silver prices. This leverage allows investors to amplify their returns in a rising silver market.

The company plans to complete 25,000 meters of drilling in 2024, with a focus on resource upgrades and new target testing. This fully-funded program is expected to generate steady news flow and potentially deliver key catalysts for the stock. An updated resource estimate, incorporating recent drilling, is planned for the near future and will form the basis for preliminary economic studies.

The macro outlook for silver is highly favorable, with the metal forecast to remain in deficit due to strong industrial demand growth, particularly from the solar sector. As the world transitions towards cleaner energy sources, demand for silver, a key component in photovoltaic cells, is expected to rise significantly. This, coupled with constrained supply growth and increasing investor interest, creates a bullish backdrop for silver prices.

In summary, Dolly Varden Silver presents a unique opportunity for investors to gain leveraged exposure to rising silver prices through a high-grade, pure-play silver asset in a top mining jurisdiction. With a major exploration program underway, strong institutional backing, and significant upside potential, the company is well-positioned to deliver value for shareholders as the silver market continues to strengthen.

View Dolly Varden Silver's company profile: https://www.cruxinvestor.com/companies/dolly-varden-silver

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Interview with Andrès Restrepo Isaza, President & CEO of Minero S.A.

Recording date: 6th June 2024

Mineros S.A is a compelling opportunity for investors seeking a unique combination of gold exposure, income, and value. This established Colombian mining company has been in operation for over 50 years but is newly listed on the Toronto Stock Exchange, making it a fresh story for many investors.

With annual production of 230,000 gold ounces from a mix of alluvial mining in Colombia and underground mining in Nicaragua, Mineros has a strong foundation of diversified, low-cost production. The company's Colombian alluvial mine is a steady cash cow, having maintained a 10+ year mine life for the past 50 years. It generates an impressive 48% EBITDA margin from simple gravity-based gold recovery. The Nicaraguan underground mine, which incorporates ore purchasing from artisanal miners, operates at a 35% EBITDA margin with exploration upside on its large land package.

What really sets Mineros apart is its industry-leading dividend. The company has paid a dividend for over 15 years and currently yields around 12%, a rarity in the gold mining sector. This reflects management's unique focus on rewarding shareholders and providing an income component to the investment case. With strong free cash flow generation, Mineros can afford to pay this dividend while still reinvesting in its business.

Mineros' strong financial position also enables a patient, value-driven approach to growth. Rather than pursuing growth at any cost, management intends to seek complimentary acquisitions in stable mining jurisdictions that can add 100-150,000 ounces to annual production and increase the company's scale and liquidity. The company is targeting tier-1 jurisdictions in the Americas, with a particular focus on Canada.

The goal is to reach a production level of 400-500,000 ounces per year, which management believes will attract greater market attention and support a re-rating of the stock. In the meantime, investors can benefit from the current 12% yield and potential upside as the company executes its plans.

Mineros' philosophy and operating approach differentiate it from the typical junior mining company. As President Andre Restrepo explains, "In many ways we're a strange company because we're cautious, we're not in a hurry, we're paying a dividend. We have a dividend yield of 12% so our shareholders can afford to be patient."

The combination of established low-cost production, a double-digit dividend yield, a strong balance sheet, and a disciplined growth strategy makes Mineros a unique investment proposition in the gold mining space. For investors seeking gold exposure with an income component and an attractive valuation, Mineros S.A. is a company to watch.

View Mineros S.A.'s company profile: https://www.cruxinvestor.com/companies/mineros-sa

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Interview with David Rhodes, Executive Chairman, and Alexandra Woodyer Sherron, President & CEO of Empress Royalty Corp.

Our previous interview: https://www.cruxinvestor.com/posts/empress-royalty-tsxvempr-expands-portfolio-with-revenue-generating-mining-assets-3300

Recording date: 5th June 2024

Empress Royalty is an emerging royalty and streaming company offering investors an attractive way to gain exposure to gold and silver. The company has identified a unique niche in the market, providing $5-10 million in financing to near-production or producing mines to fund expansions, development, and equipment purchases. This strategy allows Empress to generate revenue quickly by partnering with proven operators and assets.

A key differentiator for Empress Royalty is the strength and track record of its management team.  Endeavour Financial, a leading mining financial advisory firm, reassembled a team of veterans at Empress, leveraging their expertise to source, structure and execute royalty and streaming transactions. This experience allows Empress to conduct rigorous due diligence, navigate complex jurisdictions, and create win-win financing solutions for mining companies.

Importantly, Empress Royalty is the only sizable royalty and streaming company solely focused on gold and silver. While its peers have diversified into other metals like cobalt and copper, Empress has remained steadfast in its precious metals focus, providing a pure-play investment vehicle for those seeking gold and silver exposure. Management believes the macro backdrop of rising inflation, geopolitical tensions, and economic uncertainty will continue to drive demand for gold and silver as safe-haven assets and stores of value.

Empress has moved quickly to build a portfolio of four cash-flowing royalty and streaming assets across Peru, Mozambique, South Africa, and Mexico. These investments generated approximately $4 million in revenue in 2023, with annual revenue expected to roughly double to $7-8 million in 2024. The existing portfolio is projected to generate $60 million in revenue over the next five years before accounting for any additional acquisitions.

Empress is not standing still and is actively working to scale and diversify its asset base. The company is currently conducting due diligence on several new opportunities with term sheets outstanding on three potential transactions. It is targeting 3-4 new investments in the $5-10 million range this year, which could meaningfully increase its revenue and cash flow profile. While Empress is keen to deploy capital, it remains disciplined in its approach, having turned down six deals in the past 18 months after extensive analysis determined they did not meet its investment criteria.

With a market cap of over $30 million, Empress Royalty appears to be flying under the radar of most investors despite its attractive business model, experienced management team, and significant growth potential. As the company continues to scale its portfolio and cash flow per share, it would not be surprising to see Empress Royalty garner greater attention from investors seeking precious metals exposure. Given the company's pure-play focus on gold and silver, investors can use Empress to gain royalty and streaming exposure to these metals without taking on the operational, financial, and geopolitical risks of mining companies. As the precious metals bull market gains momentum, Empress Royalty offers a compelling way to participate.

View Empress Royalty's company profile: https://www.cruxinvestor.com/companies/empress-royalty

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Interview with John Cash, CEO of Ur-Energy Inc.

Our previous interview: https://www.cruxinvestor.com/posts/ur-energy-amexurg-a-proven-low-cost-producer-positioned-for-uranium-bull-market-5046

Recording date: 10th June 2024

Ur-Energy (TSX:URG), a uranium developer and producer operating in Wyoming, USA, is uniquely positioned to capitalize on the increasingly favorable fundamentals of the uranium market. With nuclear energy poised for a renaissance as the world seeks clean, reliable baseload power to meet rising electricity demand, uranium is set to play a critical role in the energy transition.

Ur-Energy's CEO John Cash recently shared insights that underscore the company's compelling investment thesis. Utilities are signaling their need for more uranium in the near future and appear particularly interested in securing supply from Western producers like Ur-Energy. Not only is demand rising, but utilities are expressing flexibility on contracting terms, increasingly willing to accept market-related prices and even contracts without price ceilings. This shift in the contracting landscape directly benefits uranium miners.

An underappreciated demand driver for uranium is the exponentially growing electricity needs of data centers. Cash revealed that some utilities are already seeing "tremendous benefit" and "immense" demand from data centers strategically locating near nuclear power plants to secure clean, low-cost baseload electricity. With data needs set to keep growing, this could provide sustained demand growth for uranium.

Despite the promising demand outlook, Cash sees a persistent supply gap as the defining feature of the uranium market in the medium term. Few uranium companies are moving aggressively toward production, and ramping up supply is challenging in the face of labor shortages, rig scarcity, and inflationary pressures. Ur-Energy, however, has already done the heavy lifting with its Lost Creek mine up and running and its Shirley Basin project at an advanced stage.

Ur-Energy's other competitive advantages include its potential to command premium pricing due to its low CO2 emissions profile, which is increasingly important to utilities, and its pipeline of development projects in Wyoming that can be brought online relatively quickly. With existing contracts providing a foundation of revenue, Ur-Energy has the flexibility to layer on new agreements opportunistically as uranium prices rise.

In a world increasingly focused on energy security and decarbonization, nuclear power is experiencing a resurgence, and the uranium needed to fuel reactors is likely to be in short supply. As one of the few current producers with a strong growth pipeline and ESG-friendly, US-based operations, Ur-Energy is a prime investment opportunity to gain exposure to the uranium boom.

View Ur-Energy company profile: https://www.cruxinvestor.com/companies/ur-energy-inc

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Interview with Frank Basa, President & CEO of Coniagas Battery Materials Inc.

Recording date: 6th June 2024

Coniagas Battery Metals (TSXV:COS) is a newly listed junior explorer spinning out of a previous company to focus on nickel, copper, cobalt and PGMs in Quebec, Canada. With a tight share structure, experienced management team, and promising early-stage exploration results, the company offers speculative exposure to the high-demand battery metals space.

Coniagas' key asset saw 17,000 meters of drilling outlining potential for a significant 30-60 million tonne high-grade copper resource, though not yet 43-101 compliant. Early drill intercepts include 30 meters of 2.6% copper equivalent, showcasing the potential for an economic discovery. The mineralization remains open for expansion along strike and at depth.

Management is particularly excited about the potential for a deeper Graal zone to host even higher grades over wider intervals. CEO Frank Basa likens the Graal zone to a "martini glass" shape that could deliver pretty results. Additional major drill campaign is set to begin in the next 2-3 months to test this deeper target and expand the known mineralization.

Despite the prospective geology and upcoming catalysts, Coniagas trades at a significant discount to peers. At a $3.5 million market cap, the company is valued far below neighboring companies like Power Nickel at $116 million. 

The company has 5.2 million of its 30 million shares free trading, with the rest held in escrow to be released over three years. 

The company also operates with a lean corporate structure, with management owning significant skin in the game through stock options. As Basa puts it, "the reality is for exploration and all the money goes on the ground."

The company's main asset is still at an early stage, while metallurgy, permitting, and capital costs are also uncertain at this point. Like any junior explorer, Coniagas will rely on continued access to capital markets to fund its activities.

The company is poised to kick off an ambitious drill campaign in a top jurisdiction, backstopped by a tight share structure and experienced management team. If the drills start turning up high-grade nickel and copper, Coniagas shareholders could be well-rewarded. 

In a world rapidly shifting to electric vehicles and clean energy, new supplies of battery metals are desperately needed. 

View Coniagas Battery Metals' company profile: https://www.cruxinvestor.com/companies/coniagas-battery-metals

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Interview with Maura Kolb, President, and Trey Wasser, CEO of Dryden Gold Corp.

Our previous interview: https://www.cruxinvestor.com/posts/dryden-gold-tsxvdry-expands-early-high-grade-finds-of-gold-occurrences-5164

Recording date: 5th June 2024

Dryden Gold Corp (TSXV:DRY) is an emerging gold exploration company with a district-scale land package in the underexplored Dryden Gold camp of Northwest Ontario. The company has consolidated over 60,000 hectares of prospective ground and made a high-grade gold discovery at its flagship project.

Dryden Gold's initial drill campaign returned spectacular high-grade intercepts of 3.17 g/t gold over 4.00 meters including 19.34 g/t gold over 0.65 meters, and 26.11 g/t gold over 3.16 m, including 79.80 g/t gold over 0.33 m. These results confirm a large, high-grade gold system with the potential for multiple mineralized shoots.

The Dryden project benefits from excellent infrastructure, with the Trans-Canada Highway and power lines running through the property. The project is located in a well-established mining jurisdiction, with the town of Dryden providing a local workforce and services.

With ~C$3 million in working capital, a tight share structure (~50 million shares outstanding), and an aggressive exploration campaign underway, Dryden Gold is well positioned to deliver ongoing discovery success. The company's drill program confirmed the potential for a significant high-grade deposit, with mineralization remaining open in all directions and at depth.

Dryden also plans to re-log and sample over 20,000 meters of historical drill core - an inexpensive way to potentially generate additional discoveries. Dryden has assembled a deep pipeline of brownfield and greenfield targets across its district-scale land package. Sampling has returned high-grade gold from multiple targets which remain largely untested. Recent prospecting has also identified a new greenfield discovery at the Hinman target.

Overall, Dryden Gold offers investors exposure to an exciting high-grade gold discovery in a Tier 1 jurisdiction. With a large land package, a growing resource, and multiple discovery opportunities, Dryden has the potential to become a major gold story in the making.

The company's strong management team, tight share structure, and backing from prominent mining investors provide a solid foundation for ongoing growth and value creation. Investors looking for high-grade gold discovery upside should strongly consider Dryden Gold Corp. 

With several potential catalysts on the horizon - including succeeding drill results, re-logging program results, and regional target testing - Dryden is entering an exciting period of growth and discovery. The company's valuation remains attractive at current levels, providing investors with a compelling entry point ahead of upcoming news flow.

View Dryden Gold's company profile: https://www.cruxinvestor.com/companies/dryden-gold

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Interview with Victor Cantore, President & CEO of Amex Exploration Inc.

Our previous interview: https://www.cruxinvestor.com/posts/amex-exploration-tsxvamx-systematically-advancing-perron-towards-production-4535

Recording date: 5th June 2024

Amex Exploration (TSXV:AMX) is an emerging gold explorer and developer with a potential world-class discovery on its hands at the Perron project in Quebec's prolific Abitibi region. With a series of high-grade gold zones, upcoming catalysts, and district-scale exploration upside, Amex offers a compelling opportunity for investors to gain exposure to a new gold story in a Tier-1 jurisdiction.

The Perron project is anchored by the High Grade Zone (HGZ), which has delivered drill intercepts of 4.30 m of 23.81 g/t , 6.55 m of 9.57 g/t and numerous other 10+ g/t gold hits. Critically, this high-grade mineralization shows excellent continuity over a 1km strike length and remains open in all directions. The HGZ is characterised by a sub-vertical geometry that is ideal for low-cost, high-productivity underground bulk mining methods.

To demonstrate the economic potential of Perron, Amex is working towards delivering a maiden mineral resource estimate (MRE) in the near-term, followed by a preliminary economic assessment (PEA). The MRE will provide a first look at the potential size and grade of the deposit, while the PEA will lay out the anticipated mining scenario and project economics.

Importantly, metallurgical testing indicates the gold at Perron is amenable to simple, low-cost processing methods with high recovery rates. Initial testing on the HGZ returned 99% gold recovery using just gravity separation, while testing on the broader mineralized package achieved 95% recovery with a conventional gravity-flotation-cyanidation flowsheet.

While the MRE and PEA represent key milestones, they are still just a snapshot in time for a project with considerable exploration upside. Perron hosts over 20 km of prospective gold-bearing structures, with limited drilling outside of the HGZ area to date. Additionally, the volcanic rocks to the south of the HGZ, which are considered highly prospective for new gold discoveries, remain largely untested.

As Amex continues to advance and de-risk Perron, the project is likely to attract attention as a potential acquisition target. Amex's strategic shareholder, Eldorado Gold (9.9% ownership stake), could be a natural acquirer given their existing presence in the region. With a market cap of ~C$160M, Amex trades at a substantial discount to the potential value of the Perron project based on peer comparisons. 

As upcoming catalysts like the MRE and PEA help to crystallize this value, Amex could be poised for a significant re-rating. The company is well-funded to deliver these milestones with five drills turning to drive further discovery.

In summary, Amex Exploration represents a unique opportunity to gain exposure to a high-grade, district-scale gold discovery in the making at an attractive valuation. With a world-class asset, upcoming catalysts, and significant exploration upside, Amex is well-positioned to emerge as Quebec's next big gold story.

View Amex Exploration's company profile: https://www.cruxinvestor.com/companies/amex-exploration

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Interview with Terry Lynch, CEO of Power Nickel

Our previous interview: https://www.cruxinvestor.com/posts/power-nickel-tsxvpnpn-growing-high-grade-resource-4918

Recording date: 4th June 2024

Power Nickel (TSXV:PNPN) is a junior mining company that has made a remarkable discovery at its NISK project in Quebec's Abitibi region. The recently uncovered Lion Zone has emerged as a game-changer for the company, boasting exceptionally high-grade nickel, copper, platinum group metals (PGMs), gold, and silver mineralization.

Drill results from the Lion Zone have been outstanding, with numerous holes yielding grades ranging from 3% to an astounding 30% copper equivalent over substantial widths. Importantly, the mineralization starts at surface and has been defined to a depth of 275m, with the main zone spanning 100m in width. The company estimates that the Lion Zone could already host a couple million tonnes of high-grade material, with significant potential for expansion.

Power Nickel's CEO, Terry Lynch, believes that there are likely multiple high-grade shoots that could be connected to the main NISK nickel sulfide body, located 5-12km away. In parallel with drilling, Power Nickel is collaborating with CVMR, the world's largest private nickel refinery, on metallurgical testing to potentially produce high-purity nickel powder. This value-added product could command a substantial premium over standard nickel concentrate, significantly enhancing project economics.

Power Nickel is well-funded to aggressively advance the NISK project, having recently raised $2M and benefiting from the exercise of in-the-money warrants. The company's strong shareholder base includes at least 11 billionaires and major mining investors such as Robert Friedland, providing both validation and financial support.

The company is launching a $2.4M, 30,000m drill program focused on the Lion Zone, with the goal of delineating a multi-million ounce gold equivalent resource by summer. Investors can anticipate a steady stream of drill results and key catalysts over the next 6-12 months.

With a tight share structure and low market capitalization (~C$30M), Power Nickel offers investors substantial leverage to exploration success. The company's partnership with CVMR and its location in a top mining jurisdiction further de-risk the project and enhance its appeal.

As the global demand for critical minerals continues to surge, driven by the accelerating trends of decarbonization and electrification, companies like Power Nickel that can make significant discoveries and quickly advance them to production are well-positioned to create substantial shareholder value.

View Power Nickel's company profile: https://www.cruxinvestor.com/companies/power-nickel

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Interview with Chris Frostad, President & CEO of Purepoint Uraniumm

Our previous interview: https://www.cruxinvestor.com/posts/purepoint-uranium-tsxvptu-athabasca-basin-discovery-potential-with-tier-1-backing-5041

Recording date: 5th June 2024

Purepoint Uranium Group (TSXV:PTU) is a uranium exploration company laser-focused on making a transformative high-grade discovery in the world-class Athabasca Basin of northern Saskatchewan, Canada. With an extensive portfolio of drill-ready projects, strategic partnerships with industry leaders Cameco and Orano, Purepoint offers speculative investors compelling exposure to the potential for a re-rating uranium discovery against an increasingly bullish uranium market backdrop.

The Athabasca Basin is widely regarded as the world's premier uranium jurisdiction, hosting the highest grade deposits on the planet with an average resource grade of 2% U3O8 (compared to a global average of 0.2% U3O8). The region has been the site of multiple major discoveries over the past two decades, including Cameco's McArthur River, NextGen Energy's Arrow, and IsoEnergy's Hurricane zone. These deposits are not only high-grade but also relatively shallow and amenable to conventional mining methods.

Purepoint has spent the past decade assembling a dominant land position in the Athabasca Basin and advancing its projects up the exploration pipeline. The company's flagship projects are held in joint ventures with uranium giants Cameco and Orano, including Hook Lake (adjacent to Fission's Triple R deposit) and Smart Lake (adjacent to Cameco's McArthur River mine). These JV partnerships provide Purepoint with financial and technical support while validating the prospectivity of the company's ground.

Purepoint is also advancing a pipeline of 100%-owned projects, including Red Willow, Henday Lake, and Umpherville Project. The most advanced is the 100%-owned Turnor Lake project, which is located adjacent to IsoEnergy's Hurricane zone discovery. Past drilling at Hurricane has returned some of the best uranium intersections globally, including 38.8% U3O8 over 7.5 meters. Purepoint is currently conducting a 3,000 meter drill program at Turner Lake to follow up on high-priority geophysical targets along the same structural corridor that hosts Hurricane.

The company takes a systematic, data-driven approach to exploration that leverages modern geophysical and geochemical techniques to identify drill targets with the highest probability of success. This approach has already yielded success, with previous drill programs intersecting high-grade uranium mineralization at Hook Lake and Smart Lake. With over $35 million invested in exploration across its projects to date and an estimated $8 million in working capital, Purepoint is well funded to continue aggressively exploring its Athabasca Basin portfolio.

The company is led by a highly experienced management team and board with a track record of exploration success in the Athabasca Basin. President & CEO Chris Frostad has with over 35 years of experience in the mining industry, including senior roles with major mining and technology companies. With the uranium market in the early stages of a major bull market driven by growing demand for carbon-free nuclear energy and a structural supply deficit, Purepoint is well positioned to capitalize on rising uranium prices and the renewed investor interest in uranium equities. As the company continues to advance its portfolio of high-grade uranium projects in the world-class Athabasca Basin, Purepoint offers compelling high-risk, high-reward exposure to the next world-class uranium discovery.

View Purepoint Uranium's company profile: https://www.cruxinvestor.com/companies/purepoint-uranium-group-inc

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