12/19/2023 0 Comments Fission uranium npv![]() The market cap has languished in the CA$30 million (CA$30M) range, currently at CA$34M. Here I am again, suggesting that the long wait could soon be over. CEO Steele and his board have listened to the experts, and their efforts could pay off fairly soon. The company has had advisors, consultants and lawyers working with it on DB virtually every step of the way. CEO Blake Steele has always been open with me about the challenges and timing uncertainties. Importantly though, I don't believe that management has ever deceived me. Of course, we've seen this movie before, right? I've been expecting this development to unfold for a long time. It seems reasonable to wonder if the share price could surpass its 52-week high upon finally reaching this long-awaited stage of being granted final EPA permits for DB. ![]() However, very few (if any) uranium juniors have as impactful a news release hanging over them as Azarga does. (GLATF:OTCMKTS) and GoviEx Uranium (GXU: CSE) are down between 25%–40% from 52-week highs. (FCU:TSX FCUUF:OTCQX 2FU:FSE), Global Atomic Corp. (DML:TSX DNN:NYSE.MKT), Fission Uranium Corp. (URG:NYSE.MKT URE:TSX), Denison Mines Corp. (EFR:TSX UUUU:NYSE.American), Ur-Energy Inc. To be fair, the entire sector has sold off as the underlying uranium price declined from $34.25/lb to ~$30/lb, despite industry fundamentals that, arguably, have never been better. Today's share price of CA$0.18 is 28% below its April 2020 high of CA$0.25. With the NRC license in place and EPA permits thought to be imminent, a number of institutional investors, as well as strategic and financial partners, could drive the valuation higher. This is a critical step in advance of the final EPA permits being issued. In August 2020, management arranged funding for the financial assurance bonds required by the EPA. Environmental Protection Agency (EPA) permits. ![]() Now, the company remains focused on obtaining final U.S. Nuclear Regulatory Commission (NRC) license at the 100%-owned Dewey Burdock (DB) project. Local opposition has slowed the process down, but in December 2019, the company eliminated the last remaining contention on its U.S. I've been both supportive and optimistic on uranium fundamentals and on Azarga for four years. (AZZ:TSX AZZUF:OTCQB) has been battling to obtain the permits, licenses and approvals to construct a world-class in-situ recovery (ISR) uranium operation in South Dakota for over a decade.
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