US Nuclear Energy Transition Needs Wyoming Uranium Projects
Recording date: 17th April 2023
Wayne Heili, CEO & MD, Peninsula Energy and Bruce Lane, CEO, GTi Energy are both uranium junior mining companies with assets in Wyoming, USA.
Given the increased awareness of jurisdictional risk in mining and the energy resurgence and transition, we decide to look at Wyoming and its contribution to the nuclear and uranium narrative. Is it a mining-friendly state and can uranium ISR companies thrive there? These two CEOs lay out the story for Wyoming. Do you agree with what they have to say on the matter?
Peninsula Energy looks to get in production (again) in mid 2023. What are the barriers they faced? And what is the upside to timing the market for this year. They have the benefit of having term contracts from utilities. GTI Energy is an earlier stage uranium explorer but having bought $15M of existing drill data they are hoping to be able to fast track their project.
0:00 - Introduction to the uranium panel
1:46 - Reasons why Australian companies came to Wyoming to mine uranium
5:33 - Things to be addressed to get into production in 2023
7:53 - Overview of conversations and pushbacks from investors
9:46 - Fitting into the “Made in the USA; Buy Local” narrative
17:08 - Confidence in the uranium projects at Wyoming
21:51 - Reason why GTi Energy’s business plan will work
25:21 - Conversation with both institutional and retail investors with regard to uranium spot price
28:04 - Reason why uranium is a safer investment compared to other commodities
33:40 - Outro
—
Crux Investor is an investing app for busy people. For a small, monthly membership fee you’ll receive a single stock recommendation each month, curated by industry experts and presented in a clear and focused one-page memo. Head to Crux Investor to learn more and to sign up for your time-saving, stress-slaying membership today.
Learn more: https://cruxinvestor.com
Sign up for Crux Investor: https://cruxinvestor.com