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From: LoneClone4/23/2019 11:46:22 AM
   of 18493
 
Deep Yellow (ASX:DYL) Tumas Continues Showing Strong Potential Additional Resource

abnnewswire.net

WWW: www.deepyellow.com.au Company Overview

Perth, April 23, 2019 AEST (ABN Newswire) - Deep Yellow Limited ( ASX:DYL) ( FRA:JMI) ( OTCMKTS:DYLLF) is pleased to report encouraging drilling results on EPL3497 where new continuous mineralisation has been identified in the Tumas 1 East palaeochannel area along Tributary 5. Drilling also delineated continuous uranium mineralisation on EPL3496 in the Tumas Central area to the west of Tumas 3. This EPLs are held by Reptile Uranium Namibia (Pty) Ltd (RUN), part of the group of companies wholly owned by Deep Yellow.

(All tables and figures can be viewed in the link below)

As previously announced, the last phase of drilling for the 2018/19 program commenced in February with semi-regional exploration drilling in the Tumas Central area where 47 RC holes were drilled for 1,313m. A combination of exploration and resource drilling followed in the Tumas 1 East area with 211 RC holes for 1,951m completed by 15 April 2019. At Tumas 1 East all tributaries, with the exception of Tributary 8, have had some exploration drilling carried out with resources established in Tributaries 1, 2 and 4. The current program identified continuous uranium mineralisation in Tributary 5 which is now closed off. Figures 1 and 2 show the prospective paleochannel system outline and prospect locations.

Tumas East Drilling

Exploration and resource drilling started 4 March 2019 at Tributary 4, 5 and 6 north of the newly defined Inferred Resource at Tumas 1 East as announced 27 March 2019. This completed the drilling planned for the 2018/19 program and in this final phase a total of 211 RC drill holes for 1,951m was completed. Drill spacings varied from 50m to 100m along lines 200m to 800m apart. 76 of these holes returned positive results of greater than 100ppm eU3O8 over 1m. The average thickness of the mineralisation is close to 5m. The average grade of all the 1m intersections >100ppm eU3O8 ppm was 228ppm and >200ppm eU3O8 was 356ppm U3O8.

The drilling at the Tributary 5 north of Tumas 1 has outlined a uraniferous channel 3km in strike length showing continuous calcrete uranium mineralisation. The mineralised channel ranges from 100m to 600m in width. The mineralisation is located at shallow depth between 2m to 15m below surface. In the Tributary 5 resource drilling area uranium mineralisation >100ppm eU3O8 was identified in 56 (48%) of the 119 holes drilled in this zone with an average grade of 232ppm eU3O8. At >200ppm/m cut-off the average grade is 361ppm eU3O8. The mineralisation does not show any surface radiometric expression.

The Tributary 5 mineralisation thins out towards the west, is closed off to the east but the southern edge of the channel needs further infill drilling before an inferred resource estimate can be undertaken.

Drill hole locations from this program are shown in Figure 2. Figures 3 and 4 show a drill cross-section and long-section respectively highlighting the continuity and thickness of the mineralisation in Tributary 5.

Exploration drilling along Tributaries 4 and 6 encountered thin and low-grade mineralisation.

Tributary 8 which is 7km long remains to be explored.

Equivalent uranium oxide (eU3O8) values as reported here have been determined by Deep Yellow personnel and these will be validated by a competent geophysicist for resource estimation purposes. The equivalent uranium values are based on down-hole radiometric gamma logging carried out by a fully calibrated Aus-Log gamma logging system.

Mineralised intersections that are above the 100ppm eU3O8 over 1m cut-off are tabulated in Table 1, Appendix 1. All drill hole locations are listed in Table 3, Appendix 1.

Semi-Regional Exploration Drilling - Tumas Central Area

Semi-regional exploration drilling at Tumas Central was completed in February 2019. As announced on 20 December drilling started here late in 2018 but work had to be suspended due to the Christmas break. On resumption a further 47 holes for 1,313m were completed in this area in 2019. Drill hole spacing was variable ranging from 100m to 200m spaced holes along profiles 200m to 800m apart. The area is one of the seven semi-regional exploration targets which were identified early in 2018 but this priority zone could not be tested previously due to access problems which are now resolved. Targets in the area included testing the confluence of two channels and some surface radiometric anomalism over the main palaeochannel.

The drilling identified 1.6km of continuous uranium mineralisation along the southern edge of the main Tumas palaeochannel. The mineralisation is 200m to 400m wide and up to 11m thick. 21 of 47 holes (45%) show mineralisation of greater than 100ppm eU3O8 over 1m. At a 100ppm cut-off the average grade is 282ppm and average thickness is close to 4m. The average grade at a 200ppm cut-off is 407ppm. The mineralisation is open to the east where it could connect to the Tumas 3 West mineralisation (which is 5km away) and to the west where it could connect to the Tubas Red Sand calcrete deposit (which is 3km from the Tumas Central area).

Figure 5 shows the exploration drill hole locations in relation to the historic drilling at Tumas 3 West and Tubas Red Sand areas. Figure 6 shows a north-south cross-section through the area highlighting the location of the mineralisation at the southern edge of the large Tumas Channel.

Mineralised intersections from the Tumas Central drilling above >100ppm eU3O8 over 1m cut-off are tabulated in Table 2, Appendix 1. All drill hole locations are listed in Table 3, Appendix 1.

Analysis

The results of the ongoing exploration continue defining additional uranium mineralisation, much of it continuous, maintaining the highly encouraging prospectivity of these palaeochannels associated with the eastern extension of Tumas 1 and promising uranium mineralisation in Tumas Central.

The 2018/19 drill program is now completed and it succeeded in substantially extending the previous limits of mineralisation at Tumas 1. Drilling is demonstrating the potential to further extend the mineralisation in this zone and along other parts of the channel system. Testing for mineralisation in tributary channels, which historically were neglected, has shown to be just as important as drilling the main channel targets for upgrade of the overall resource base associated with these highly fertile palaeochannels. The uranium mineralisation is not confined to one simple, single channel but rather is associated with a complex palaeodrainage system containing several channels and tributaries.

Appendix 1, Tables 1 and 2 list the 76 exploration drill holes at Tumas 1 East and 21 semi-regional exploration drill holes from the Tumas Central area respectively returning uranium intersections above cut-off and showing equivalent uranium values in ppm and thickness with hole depth and coordinates provided. Table 3 in Appendix 1 lists all 258 drill holes completed from December 2018 to April 2019 from the current drilling program which are the subject of this release.

Conclusion

This fourth, now completed, drilling campaign has again produced successful results. It has confirmed that the previously discovered deposits can be expanded. This has not only added to the current uranium resource base of this project but, just as significantly, continues to emphasise the strong exploration potential of the extensive, uranium-fertile palaeochannel system within which the new Tumas palaeochannel discoveries occur.

There are now 5 distinct mineralised zones (Tumas 1 & 2, Tumas 3, Tubas Sand/calcrete deposits and Tumas 1 East) identified within the 125km of palaeochannels that occur within the Reptile Project tenements (see Figure1). Approximately 50% of these have now sufficiently been explored over the past 2 years and the resource base in the Tumas channel system has been increased by 160%. Some 50%, or approximately 60km, of this palaeochannel system which deepens to the west remains to be properly tested.

These positive results, both from the current 2018/19 and 2017 drilling and re-interpretation of historic exploration data which outlined the regional palaeochannel target, confirm management's confidence that the existing uranium resource base for Langer Heinrich style deposit/s within the Reptile Project area can be further increased.

It is planned that drilling will start again in the second half of 2019 with the drilling program including infill resource drilling required for resource estimations at Tumas 1 East, Tumas Central and Tubas Red Sand/calcrete areas.

CEO Comment

John Borshoff commented: "This latest drilling which marks the end of the 2018/19 drilling season has finished on yet another positive note delineating a cumulative 4.5km of continuous uranium mineralisation. Drilling of Tributary 5 and Tumas Central has again demonstrated the high-quality nature of the exploration target the Company has uncovered. The Tumas palaeochannel is proving remarkably fertile showing all the hallmarks that enhancement of the Deep Yellow uranium resource will continue to occur."

To view tables and figures, please visit:
abnnewswire.net

About Deep Yellow Limited

Deep Yellow Limited ( ASX:DYL) ( OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.





Contact

John Borshoff
Managing Director/CEO
T: +61-8-9286-6999
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au

Link: Tumas Continues Showing Strong Potential Additional Resource

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To: LoneClone who wrote (18162)4/23/2019 11:48:42 AM
From: LoneClone
   of 18493
 
Anfield Energy Acquires Upper Maybelle River Project From Radio Fuels

ca.finance.yahoo.com

GlobeNewswireApril 22, 2019

VANCOUVER, British Columbia, April 22, 2019 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has acquired 100% interest in the Upper Maybelle River Uranium Project (“Upper Maybelle”) from Radio Fuels, a private company. The property consists of six mineral claims totalling 12,851 hectares and is located in the Athabasca Basin; it also shares eastern property borders with projects held by both Nexgen Energy Ltd. and Areva. In exchange for the property, Radio fuels will receive 3,800,000 shares of Anfield.

Corey Dias, Anfield CEO, stated, “Although our primary focus is on our US assets, especially given the upcoming decision to be made regarding the 232 recommendation, the opportunity to acquire a property in the Athabasca Basin in close proximity to both Nexgen and Areva proved irresistible”.

About Upper Maybelle

The Upper Maybelle Project was acquired by Radio Fuels in 2017 and consists of 12,851 hectares on the western border of Saskatchewan. Neighbouring properties are held by Areva S.A. and Nexgen Energy Ltd.

About Anfield

Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two asset centres, as summarized below:

Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement)

Anfield has signed a Resin Processing Agreement with Uranium One whereby Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming. In addition, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its sales contracts.

Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming. Anfield’s two projects in Wyoming for which NI 43-101 resource reports have been completed are Red Rim and Clarkson Hill.

The Charlie Project, the asset which was the core component of a recently-announced transaction between Anfield and Cotter Corporation, is located in the Pumpkin Buttes Uranium District in Johnson County, Wyoming. The Charlie Project consists of a 720-acre Wyoming State uranium lease which has been in development since 1969. An NI 43-101 resource report has been completed for the Charlie Project.

Arizona/Utah/Colorado – Shootaring Canyon Mill

A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States.

Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, the West Slope Project as well as the Findlay Tank breccia pipe. An NI 43-101 Preliminary Economic Assessment has been completed for the Velvet-Wood Project. The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment would be realized. All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill.

On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Anfield Energy, Inc.
Clive Mostert
Corporate Communications
780-920-5044
contact@anfieldenergy.com
www.anfieldenergy.com


Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.

EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH SEEKING THE CAPITAL NECESSARY TO COMPLETE THE PROPOSED TRANSACTION, THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY WILL BE ABLE TO COMPLETE THE PROPOSED TRANSACTION, THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.

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To: LoneClone who wrote (18163)4/23/2019 11:50:30 AM
From: LoneClone
   of 18493
 
ALX Uranium Signs Close Lake Option Agreement with Orano Canada

newsfilecorp.com

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2019) - ALX Uranium Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that ALX has signed a binding option agreement (the "Agreement") with Orano Canada Inc. ("Orano") a subsidiary of Orano Group, France, a world leader in the nuclear marketplace, whereby ALX can earn up to a 51% participating interest in the Close Lake Uranium Project ("Close Lake", or the "Project") located in the eastern Athabasca Basin area of northern Saskatchewan, Canada. The execution of the Agreement follows the non-binding Letter of Intent signed in February 2019 with Orano (see ALX news release dated February 28, 2019) and confirms a five (5) year deal with ALX funding exploration expenditures for a total amount of $12.0 million and issuing 10,000,000 common shares of ALX to Orano.

"Close Lake is an outstanding uranium exploration project in the world's richest uranium district, which until recently, was relatively unknown to the public," said Warren Stanyer, CEO and Chairman of the Company. "ALX and Orano are on the verge of initiating a multi-year exploration program with the goal of locating a new, high-grade uranium deposit in the Athabasca Basin."

Close Lake consists of 21 mineral claims totaling 38,679 hectares (95,576 acres). Numerous uranium and base metals showings have been discovered from historical drilling at the Project by a joint venture first established in 1978. The eastern boundary of the Project adjoins the Cigar Lake uranium mine property ("Cigar Lake") and its southern boundary adjoins the McArthur River uranium mine property. Two licensed uranium mills are located in the eastern Athabasca Basin area. Close Lake is accessible by winter trail from Cigar Lake and Points North Landing, each of which has all-weather road access and nearby infrastructure, including airports. Click here to view a map of the Project.

About Close Lake

Close Lake is the subject of a joint venture in which Orano, as operator, holds a 74.4004% interest, with Cameco Corporation ("Cameco") (TSX: CCO) holding a 14.9849% interest, and JCU (Canada) Company Ltd. ("JCU") holding the remaining 10.6147% interest. ALX can earn up to a 51% interest from Orano, subject to a back-in right to be retained by Orano.

Historical drilling at Close Lake totals approximately 110,049 metres in 170 drill holes. Uranium mineralization has been intersected at or near the unconformity between the Athabasca sandstone and basement rock units, often graphitic, with associated base metals values and rare gold occurrences at downhole depths ranging between 463 metres and 682 metres.

In 1985, a predecessor company of Orano encountered a significant intersection of uranium mineralization in drill hole CL-11 (1.52% U3O8 over 23.0 metres including 11.46% U3O8 over 2.5 metres) on the Tucker Lake C-5 Trend in the northeastern portion of the Project. Follow-up drilling that year on section with CL-11 intersected 0.06% U3O8 over 1.5 metres in hole CL-12 and 1.21% U3O8 over 2.0 metres in hole CL-13.

Drilling by the joint venture in 1997 on the C-1 East Trend in the southern portion of the Project intersected a wide interval of uranium mineralization in drill hole CL-90 (0.34% U3O8 over 107.3 metres including 2.86% U3O8 over 8.5 metres and 2.00% U3O8 over 1.5 metres). Subsequent follow-up drilling in 1998 along strike of drill hole CL-90 encountered 0.28% U3O8 over 0.5 metres in hole CL-106 and 0.06% U3O8 over 3.5 metres in hole CL-109.

The grades, widths and lithologies encountered in the drilling to date provide compelling evidence that Close Lake could host a mineralizing system similar to those previously found within the Wollaston Belt, which has produced over 900 million pounds of U3O8 during the past four decades.

2019 Exploration Plan

Orano as operator of Close Lake will work co-operatively with the Project joint venture partners and ALX to design an effective program to facilitate ALX's involvement in the Project.

In its evaluation of the Project, ALX determined that certain target areas at Close Lake that have only been explored with widely-spaced drill holes still exhibit high potential to host significant high-grade uranium deposits.

Terms of the Option Agreement

In order for ALX to earn an option to acquire a 51% interest in the Project, ALX is required to issue to Orano a total of 10,000,000 common shares of ALX and fund a total of $12.0 million towards exploration expenditures for the Project for a period of five (5) years. Subject to prior written approval by Orano, ALX is able to accelerate any of the expenditure payments. Any common shares that ALX issues to Orano in connection with the Agreement would be subject to a 4-month and a day statutory hold period.

The purchase terms of the Agreement are subject to acceptance of the TSX Venture Exchange.

Joint Venture Participation

Upon having exercised any portion of its options, ALX will be required to become a party to the joint venture agreement between Orano, Cameco, and JCU. Orano will remain operator of the Project during ALX's option period.

Orano's Back-in Rights

Orano would have two options (the "Back-in Options") to re-acquire a 51% interest in the Project from ALX (the "Back-in Interest") following its exercise of the Back-in Options by giving written notices to ALX (the "Back-in Notices"). In the case of its exercise of the first Back-In Option, Orano would be required to pay ALX approximately $2.3 million based on ALX earning 35%. In the case of the second Back-In Option Orano would be required to pay ALX $24.0 million, based on ALX earning 51%, through a combination of cash payments and carried expenditures needed to maintain ALX's future exploration obligations at the Project. If either of the Back-in Options are exercised, ALX is expected to retain an estimated 23.4% interest in the project.

The Back-in Options are exercisable for a period of up to three (3) years from the date of ALX earning either a 35% or a 51% participating interest, at Orano's discretion.

Reimbursement of Orano's Exploration Expenses

If ALX obtains a 51% interest in the Project and (i) Orano does not exercise the Back-in Options; and (ii) ALX, or a successor company, produces at least 1,000,000 pounds of uranium from the Project Assets ("Initial Production") ALX would notify Orano of the date that ALX or a successor company achieved Initial Production (the "Initial Production Date") and pay Orano $25 million over a 5-year period. Orano will receive a 2.0% net smelter return production royalty on any uranium produced from the Project, and any other milled mineral and/or product, except from Project claims subject to previously established net profit royalties.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Sierd Eriks, P. Geo., President and Chief Geologist of the Company, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Readers are cautioned that some of the technical information described in this news release is historical in nature; however, the information is deemed credible and was produced by professional geologists of the eras discussed. ALX further cautions investors it has reviewed but has not verified the Close Lake exploration data, and that mineralization located on adjacent properties by historical exploration may not be present at Close Lake.

About ALX

ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties in northern Saskatchewan, Canada. The Company executes well-designed exploration programs using the latest technologies and has interests in over 200,000 hectares in Saskatchewan, a Province which hosts the richest uranium deposits in the world, a producing gold mine, and demonstrates potential for economic base metals deposits. ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF". Technical reports are available on SEDAR at www.sedar.com for several of the Company's active properties.

For more information about the Company, please visit the ALX corporate website at www.alxuranium.com or contact Roger Leschuk, Manager, Corporate Communications at PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxuranium.com

On Behalf of the Board of Directors of ALX Uranium Corp.

"Warren Stanyer"

Warren Stanyer, CEO and Chairman

FORWARD LOOKING STATEMENTS

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include the Company's plans to undertake exploration activities at the Close Lake Project ("Close Lake"), and expend funds on Close Lake. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not get regulatory approval to complete an agreement on Close Lake; we may not be able to finance our intended participation at Close Lake; our other mineral exploration projects in the Athabasca Basin may prove to be unworthy of further expenditure; and economic, competitive, governmental, environmental and technological factors may affect the Company's operations, markets, products and prices. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Year Ended December 31, 2018, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward looking statement risk factors.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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From: LoneClone4/27/2019 11:50:42 AM
   of 18493
 
Uranium Fever

youtu.be

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From: LoneClone4/30/2019 11:50:58 AM
   of 18493
 
NexGen Announces the Commencement of an Environmental Assessment for the Rook I Project

newswire.ca

NexGen Energy Ltd. Apr 29, 2019, 06:30 ET

VANCOUVER, April 29, 2019 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE, NYSE MKT:NXE) is pleased to announce the acceptance of a Project Description (Technical Proposal) by the Canadian Nuclear Safety Commission ("CNSC") and the Saskatchewan Ministry of Environment ("MOE"). The acceptance marks the commencement of an Environmental Assessment ("EA") on the Rook I Project (the "Project") in accordance with the requirements of both The Environmental Assessment Act (Province of Saskatchewan) and the Canadian Environmental Assessment Act, 2012 "CEAA 2012" (Government of Canada). The EA will be conducted through a coordinated process between the MOE and the CNSC, which is the Federal life-cycle regulator for all uranium mine and mill projects in Canada.

NexGen has also filed an Initial Licence Application with the CNSC under the Nuclear Safety and Control Act in order to obtain a Licence to Prepare Site and Construct for the Project.

Project Summary

The Project is a proposed uranium mining and milling operation that will be 100% owned and operated by NexGen. It is in the southwestern Athabasca Uranium Basin region in northern Saskatchewan, Canada approximately 155 km north of the town of La Loche, 80 km south of the former Cluff Lake uranium mine (currently in decommissioning) and 640 km by air north west of Saskatoon. The mineral resource base for the Project is the Arrow Deposit, a land-based, basement-hosted uranium Deposit.

Exploration at Rook I began in 2013 yet prior to this initial exploration NexGen engaged regularly with and established relationships with local Indigenous communities and has helped to facilitate a number of community advancement initiatives around three pillars: education, economic capacity building and health/wellness. The Company was recently recognized for their involvement in community outreach and environmental stewardship by the Prospectors and Developers Association of Canada (PDAC) with the 2019 Environment and Social Responsibility Award. NexGen respects the unique relationship Indigenous peoples have with the environment, the rights of Indigenous peoples with respect to the land and recognizes the importance of full, open and transparent discussion with interested and/or affected communities throughout the EA and all phases of the Project.

The Project as proposed will include underground and surface facilities to support the mining and processing of uranium ore from the Arrow Deposit. The main components included in the scope of the Project for the EA, include:

  • Underground mine development;
  • On-site mill to process uranium ore;
  • Surface facilities to support the short and long-term storage of waste rock and ore;
  • An underground tailings management facility to store all mining tailings underground (UGTMF);
  • Water handling infrastructure and an effluent treatment circuit;
  • Additional infrastructure that will include a camp for personnel, an airstrip for transporting personnel, supporting waste and water management facilities, maintenance shop, warehouse, and offices;
Leigh Curyer, Chief Executive Officer, commented, "The Company is excited to work with all stakeholders during the EA process to meet the Company's objectives of setting a new elite standard in global environmental mine management and community advancement. With over 5 years of detailed data on the project being collected, analysed, verified independently and working alongside local communities, the Company is in a unique position to advance the next stage of this exciting project development optimally."

With the commencement of the EA, NexGen is conducting required studies and building on comprehensive environmental baseline monitoring which is already well advanced. In addition to NexGen's team of experienced professionals, NexGen has engaged leading experts to conduct and support these studies and to support the development and submission of the Environmental Impact Statement required by the Province of Saskatchewan and the CNSC. Throughout the various stages of project development, NexGen is committed to the incorporation of innovative environmental designs and is committed to setting elite standards for environmental mine performance globally.

New Website:

Please visit our Rook I project website at www.saskatchewanuranium.ca for much more detail on the project and initiatives underway.

For any inquiries regarding the EA process, please contact NexGen at: 1-833-333-8895 or by emailing the Company at: info@saskatchewanuranium.ca.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production.

NexGen owns a portfolio of prospective uranium exploration assets in the Athabasca Basin, Saskatchewan, Canada; including a 100% interest in Rook I, location of the Arrow Deposit discovered in February 2014, the Bow discovery in March 2015, the Harpoon discovery in August 2016 and the Arrow South discovery in July 2017. NexGen is the recipient of the PDAC's 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O'Hara, P.Eng. of Wood., David Robson, P.Eng., M.B.A., and Jason Cox, P.Eng. of RPA, each of whom is a "qualified person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI-43-101").

The Mineral Resource Estimate was completed by Mr. Mark Mathisen, C.P.G., Senior Geologist at RPA and Mr. David Ross, P.Geo., Director of Resource Estimation and Principal Geologist at RPA. Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli, Geoscientist Licensee, Vice President – Operations & Project Development for NexGen. Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols. All other technical information in this news release has been approved by Mr. James Hatley, a Professional Engineer, Senior Vice-President – Project Development for NexGen. Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR ( www.sedar.com) and EDGAR ( www.sec.gov/edgar.shtml) and is available for review on NexGen Energy's website ( www.nexgenenergy.ca).

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as "reserves" under SEC standards. In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of "contained pounds" in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled "Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasibility Study" dated effective 5 November, 2018 (the "Rook 1 Technical Report") prepared by Paul O'Hara, P.Eng., Jason J. Cox, P.Eng., David M. Robson, P.Eng., M.B.A., Mark B. Mathisen, C.P.G. each of whom is a "qualified person" under NI 43-101. The Rook I Technical Report is available for review under the Company's profile on SEDAR at www.sedar.com and EDGAR ( www.sec.gov/edgar.shtml) providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy's website ( www.nexgenenergy.ca).

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company's Annual Information Form dated March 4, 2019 under "Risk Factors".

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

SOURCE NexGen Energy Ltd.

For further information: Leigh Curyer, Chief Executive Officer, NexGen Energy Ltd., +1 604 428 4112, lcuryer@nexgenenergy.ca, www.nexgenenergy.ca; Travis McPherson, Vice President Corporate Development, NexGen Energy Ltd., +1 604 428 4112, tmcpherson@nexgenenergy.ca, nexgenenergy.ca

Related Links www.nexgenenergy.ca

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To: LoneClone who wrote (18166)4/30/2019 11:53:07 AM
From: LoneClone
   of 18493
 
Westwater Resources Comments on the Recently Completed Section 232 Investigation of Uranium Imports

ca.finance.yahoo.com

Business WireApril 29, 2019

CENTENNIAL, Colo.--(BUSINESS WIRE)--

Westwater Resources, Inc. ( WWR), an energy metals exploration and development company, commented on the recently completed Section 232 Investigation of Uranium Imports. President Trump now has up to 90 days from April 14 to decide whether to act on the matter, which can include quotas or tariffs, a timeline which concludes in mid-July.

The U.S. Department of Commerce initiated a Section 232 investigation in July 2018 to determine whether the present quantity of uranium ore and product imports threaten to impair U.S. national security. U.S. uranium production has declined significantly since 1987, with domestic uranium producers experiencing a major slowdown in operations and employment.

Christopher M. Jones, President and Chief Executive Officer, commented, “We believe that, regardless of the decision that will be made by the President, U.S. producers will benefit in the near term. The U.S. utility companies are expected to come back to the market and stock-up on fuel supplies even if the President decides to deny the petition. In the event that the decision is in favor of the Section 232 action, U.S. producers will see greater demand for domestically produced uranium. Either way, we expect the price of uranium produced in the United States to rise.

“The U.S. relies heavily on nuclear power for carbon free base load power. According to UxC, more than 20% of all uranium produced in the world is consumed in the U.S. Nuclear power represents the only electrical base load solution for global electric power growth driven by economic expansion and a focus on carbon reduction.

“Uranium remains a key strategic focus for Westwater. Westwater Resources controls extensive mineral holdings in New Mexico and Texas. In addition, WWR owns the Rosita and Kingsville Dome processing facilities in Texas, both of which are licensed for production,” concluded Mr. Jones.

About Westwater Resources

WWR is focused on developing energy-related materials. The Company’s battery-materials projects include the Coosa Graphite Project — the most advanced natural flake graphite project in the contiguous United States — and the associated Coosa Graphite Mine located across 41,900 acres (~17,000 hectares) in east-central Alabama. In addition, the Company maintains lithium mineral properties in three prospective lithium brine basins in Nevada and Utah. Westwater’s uranium projects are located in Texas and New Mexico. In Texas, the Company has two licensed and currently idled uranium processing facilities and approximately 11,000 acres (~4,400 hectares) of prospective in-situ recovery uranium projects. In New Mexico, the Company controls mineral rights encompassing approximately 188,700 acres (~76,000 hectares) in the prolific Grants Mineral Belt, which is one of the largest concentrations of sandstone-hosted uranium deposits in the world. Incorporated in 1977 as Uranium Resources, Inc., Westwater also owns an extensive uranium information database of historic drill hole logs, assay certificates, maps and technical reports for the western United States. For more information, visit www.westwaterresources.net.

Cautionary Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing events or developments that WWR expects or anticipates will occur in the future, including but not limited to statements relating to the future price of and demand for uranium, and the President’s actions in response to the Section 232 investigation, are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include, but are not limited to, (a) the Company’s ability to successfully integrate Alabama Graphite Corporation’s business into its own, and the risk that additional analysis of the Coosa Graphite Project may result in revisions to the findings of WWR’s initial optimization study; (b) the Company’s ability to raise additional capital in the future; (c) spot price and long-term contract price of graphite, lithium, vanadium and uranium; (d) risks associated with our domestic operations; (e) operating conditions at the Company’s projects; (f) government and tribal regulation of the graphite industry, the lithium industry, the vanadium industry, the uranium industry, and the power industry; (g) world-wide graphite, lithium, vanadium and uranium supply and demand, including the supply and demand for lithium-based batteries; (h) maintaining sufficient financial assurance in the form of sufficiently collateralized surety instruments; (i) unanticipated geological, processing, regulatory and legal or other problems the Company may encounter in the jurisdictions where the Company operates or intends to operate, including in Alabama, Texas, New Mexico, Utah, and Nevada; (j) the ability of the Company to enter into and successfully close acquisitions or other material transactions; (k) the results of the Company’s lithium brine exploration activities at the Columbus Basin, Railroad Valley, and Sal Rica projects, and the possibility that future exploration results may be materially less promising than initial exploration result; (l) any graphite, lithium, vanadium or uranium discoveries not being in high-enough concentration to make it economic to extract the metals; (m) currently pending or new litigation or arbitration; and (n) other factors which are more fully described in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release. The results of the initial optimization study are preliminary in nature and subject to revision following WWR’s further analysis of the Coosa Graphite Project.

View source version on businesswire.com: businesswire.com

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To: LoneClone who wrote (18167)4/30/2019 11:55:57 AM
From: LoneClone
   of 18493
 
Blue Sky Uranium Pit-Sampling Results Continue to Expand Mineralization Adjacent to Ivana Uranium-Vanadium Deposit

newswire.ca

Blue Sky Uranium Corp. Apr 29, 2019, 09:30 ET

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, April 29, 2019 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), "Blue Sky" or the "Company") is pleased to report additional high-grade uranium and vanadium results from pit sampling carried out in the area immediately west of the Ivana Uranium-Vanadium deposit, at the Company's wholly-owned Amarillo Grande Project in Rio Negro, Argentina. This newly-identified near-surface mineralization is open to expansion, as indicated on Figure 1, (https://c212.net/c/link/?t=0&l=en&o=2448956-1&h=1071988057&u=https%3A%2F%2Fbit.ly%2F2IZknLO&a=https%3A%2F%2Fbit.ly%2F2IZknLO) but drilling is required for further testing as the target zone is interpreted to be at greater depth in adjacent areas.

"The recent robust preliminary economic assessment for Ivana provides a strong foundation for the Amarillo Grande Project. As we advance the Ivana deposit, we are also continuing our exploration work, and these results indicate the potential for further expansion in the immediate deposit area," stated Nikolaos Cacos, Blue Sky President & CEO.

Highlights of the new results for composite channel samples collected from pit walls with significant uranium and/or vanadium mineralization include:

  • 1,881 ppm U3O8 & 640 ppm V2O5 over 2.0 m at AGI-CAL103,
    • Including 3,404 ppm (0.34%) U3O8 and 1,335 ppm (0.13%) V2O5 over 0.8 m
  • 1,390 ppm U3O8 & 650 ppm V2O5 over 1.6 m at AGI-CAL56,
    • Including 2,332 ppm (0.23%) U3O8 and 1,016 ppm (0.10%) V2O5 over 0.7 m
  • 610 ppm U3O8 & 384 ppm V2O5 over 1.6 m at AGI-CAL58,
    • Including 1,070 ppm (0.10%) U3O8 and 555 ppm (0.05%) V2O5 over 0.4 m
  • 486 ppm U3O8 & 298 ppm V2O5 over 2.0 m at AGI-CAL78,
    • Including 1,206 ppm (0.12%) U3O8 and 589 (0.06%) ppm V2O5 over 0.6 m
Analytical results have now been received for total of 115 pits completed over two areas totalling approximately 150 hectares in the area west and southwest of the Ivana deposit (see Figure 1: c212.net; results for the first 39 pits were previously reported by the Company on November 15th, 2018. Both pit sample grids are located over areas with near-surface mineralization and shallow depth to basement, ideal for utilizing this inexpensive and effective sampling method. The uranium-vanadium mineralization defined by the northern pit sampling grid is interpreted to be the western extension of the northwestern domain of the Ivana current mineral resource, separated by an area of outcropping basement. Uranium-vanadium mineralization delineated in both pit sampling grids is open to further expansion to the west, however, auger and/or reverse circulation (RC) drilling may be required due to greater interpreted depth to basement in these areas. In addition, the gap between the two pit sampling grids, where basement is also interpreted to be at greater depth than in the two pit sample grid areas, is now being tested using the Company's auger drill. Results from the pit sampling and auger drilling will be incorporated into the plan for an upcoming RC drilling program to test for extensions into areas at greater depth.

Pit sample location information and analytical results are provided in Table 1 (https://c212.net/c/link/?t=0&l=en&o=2448956-1&h=2184380882&u=https%3A%2F%2Fbit.ly%2F2GPnl35&a=https%3A%2F%2Fbit.ly%2F2GPnl35) for significant intervals (>30ppm U3O8 or >250ppm V2O5) for the newly reported pit samples (#40-115), as well as previously reported (November 15, 2018 News Release) pit samples (#1-39). The pits were hand dug from surface down to a maximum of 2.9 metres. Pit logging and analytical results demonstrate that uranium and vanadium mineralization commonly occurs in unconsolidated clastic sediments and/or basement regolith below a thin (5 to 50cm) veneer of un-mineralized soil. The sampling also yielded anomalies for silver, copper, lead, zinc, molybdenum, cadmium, cerium, thallium, rhenium, thorium and yttrium, representing potential pathfinders for further exploration.

Methodology and QA/QC

Pits were laid out on approximately 100 metre centres within the two sampled areas. Pits were dug by hand to a maximum depth of 2.9 metres and generally measured 2 metres by 1 metre in size. Sampling was done via composite channel sampling whereby each of the 4 pit walls were sampled by continuous chipping of material over a specified interval (average 0.6 m) covering a defined lithological bed. Samples from each of the 4 pit walls were homogenized for each interval prior to final bagging for shipment to the laboratory.

Samples are being sent to Bureau Veritas Minerals of Mendoza, Argentina for preparation by drying, crushing to 80% passing 10 mesh and then pulverizing a 250g split to 95% passing 150 mesh. Pulps are being sent to Bureau Veritas Commodities Canada Ltd. for analysis of 45 elements by means of Inductively Coupled Plasma Mass Spectrometry (ICP-MS) following a four-acid digestion (MA-200). Samples over 4,000ppm uranium are re-assayed after phosphoric acid leach by Inductively Coupled Plasma Electron Spectrometry (ICP-ES). Approximately every 10th sample a blank, duplicate, or standard sample is inserted into the sample sequence for quality assurance/quality control (QA/QC) purposes. No significant QA/QC issues were detected by the Company during review of the data.

Qualified Persons

The results of the Company's exploration program were reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff under the supervision of David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.

About the Amarillo Grande Project
The Company's 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina is a new uranium district controlled by Blue Sky. The Ivana deposit is the cornerstone of the Project and the first part of the district for which both a Mineral Resource Estimate and a Preliminary Economic Assessment have been completed. Mineralization at the Ivana deposit has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading. The PEA demonstrates robust economics for a surficial mining operation of the Ivana deposit, with 13 years of uranium and vanadium production.

The Project includes several other target areas over a regional trend, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company's strategy includes delineating resources at multiple areas for which a central processing facility could consolidate production.

For additional details on the project and properties, please see the Company's website.

About Blue Sky Uranium Corp.

Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers. Blue Sky holds has the exclusive right to of properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Nikolaos Cacos"

______________________________________
Nikolaos Cacos, President, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

SOURCE Blue Sky Uranium Corp.

For further information: Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email: info@blueskyuranium.com

Related Links www.blueskyuranium.com

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To: LoneClone who wrote (18168)4/30/2019 11:58:56 AM
From: LoneClone
   of 18493
 
Global Atomic Announces Results For Financial Year 2018

globenewswire.com

April 29, 2019 21:35 ET | Source: Global Atomic Corporation
photo-release


Comparative Results for 2018 & 2017 of the Joint Venture at 100%

Comparative Results for 2018 & 2017 of the Joint Venture at 100%
Global Atomic Corporation
Summarizes Comparative Operations Metrics of the Iskenderun Facility

Summarizes Comparative Operations Metrics of the Iskenderun Facility
Global Atomic Corporation
Settling Chamber Construction

Settling Chamber Construction
Global Atomic Corporation
New Kiln Transported to Site

New Kiln Transported to Site
Global Atomic Corporation
Reactor Assembly

Reactor Assembly
Global Atomic Corporation
Production Bag Filter Assembly

Production Bag Filter Assembly
Global Atomic Corporation
DASA Targeted Drill Areas (Looking East)

DASA Targeted Drill Areas (Looking East)
Global Atomic Corporation
DASA Mineralized Zones & Underground Conceptual Mine Workings

DASA Mineralized Zones & Underground Conceptual Mine Workings
Global Atomic Corporation

Consolidated Net Income Increased 45% to $7.4 million

Attributable EBITDA Increased 26% to $13.5 million


TORONTO, April 29, 2019 (GLOBE NEWSWIRE) -- Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX-V: GLO, FRANKFURT: G12) is pleased to announce its operating and financial results for the fourth quarter (“Q4”) and financial year ended December 31, 2018.

HIGHLIGHTS

Financials

  • Consolidated net income for the Company was $7.4 million for 2018, up from $5.1 million in 2017.

  • The Company’s working capital surplus was $7.3 million at the end of 2018, up from a deficit of $1.0 million for 2017.

  • The Company's 49% share of EBITDA of the Turkish joint venture was $13.5 million in 2018, up from $10.7 million in 2017; the Company's 49% share of joint venture net income was $10.5 million in 2018, up from $6.9 million in 2017.
  • The Turkish joint venture shipped 20,821 tonnes zinc concentrate containing 31.6 million pounds zinc, compared to shipments of 21,349 tonnes in 2017 containing 32.9 million pounds zinc.

  • The Company received dividends of $6.9 million from the Turkish joint venture in 2018 compared to $4.5 million in 2017. Additionally, the Company received management fees and sales commissions of $0.9 million in each of 2018 and 2017.
  • Turkish Plant Modernization

  • Modernization and expansion of the Turkish electric arc furnace dust ("EAFD") plant in Iskenderun, Turkey is currently underway, at an estimated cost of US $26 million.

  • At December 31, 2018, US $4.4 million has been spent on the Iskenderun project. Existing cash and available credit facilities are sufficient to complete the project.

  • The new plant will be fully operational in September 2019.

  • The new plant will be significantly improved:

  • EAFD throughput will increase from 60,000 tonnes to 110,000 tonnes

  • Zinc recovery rates are expected to improve from 80% to 90%

  • Zinc contained in concentrates will double from 30 million pounds/year to 60 million pounds/year based on full utilization

  • Unit operating costs will be reduced
  • DASA Development and Exploration

    • Fieldwork and a 27,000 metre drill program on the DASA uranium deposit was initiated in January 2018 and defined high grade continuity of the mineralization.

    • Near surface drilling confirmed the Company's understanding of structure and high grade continuity at the Flank Zone at DASA.

    • An updated Mineral Resource Estimate was completed on the Niger DASA uranium project in Q2, based on 15,000 of the additional 2018 drilling, which:

    • Tripled Indicated Resources from 21.4 million pounds to 64.8 million pounds and improved grade 18% from 2,608 ppm eU3O8 to 3,068 ppm eU3O8.

    • Inferred Resources decreased slightly from 49.4 million pounds grading 2,954 ppm eU3O8. increased to 48.4 million pounds grading 2,600 ppm eU3O8.

    • A Preliminary Economic Assessment ("PEA") was completed on the DASA Uranium Project and includes two mining scenarios:

    • A Stand-alone operation initially operating at 2,500 tpd and ramping up to 3,500 tpd and producing 4 Mlb to 7 Mlb U3O8/year over a 15 year mine life and,

    • A sales agreement scenario based on the July 2017 MOU with Orano Mining ("Orano"), including a fast track to cash flow and significantly reduced initial capital of US$35 million to start and no mill required.
    Other Corporate Developments

  • The Company received conditional listing approval from the Toronto Stock Exchange ("TSX") on April 18, 2019.

  • The Company raised $8.9 million in an equity financing in November 2018 and a further $1.3 million in January 2019.

  • Application was made to the Ministry of Mines of the Republic of Niger for extension of the Exploration Permits and in December 2018, an extension for 24 months to January 29, 2021 was obtained for all 6 Exploration Permits.
  • OUTLOOK

  • The Turkish EAFD plant modernization and expansion project is on schedule.

  • On completion, the Turkish operations will again be cash flow positive with dividend flow expected to resume in 2021, following repayment of construction costs.

  • An updated Resource Statement for the DASA deposit is in process, which will include all drill and assay information, with the final report available in late Q2 2019.

  • Mine plans will be optimized based on the updated Resource Statement and a feasibility study completed by year end or early 2020.

  • Application for the DASA Mining Permit will be made in early 2020, with permits expected in Q3 2020.

  • The Company expects to graduate to the TSX on or before May 15, 2019. The Company will continue to trade under the stock symbol: GLO.
  • BASE METALS DIVISION OPERATIONS

    The BST joint venture owns and operates an EAFD processing plant in Iskenderun, Turkey. The plant processes EAFD containing 25% to 30% zinc that is obtained from electric arc steel producers and produces a zinc concentrate grading 68% to 70% zinc that is then sold to zinc smelters.

    Global Atomic holds a 49% interest in the BST joint venture and as such, the investment is accounted for using the equity basis of accounting. Under this basis of accounting, the Company’s share of BST’s earnings is shown as a single line in its income statement. The following table summarizes comparative results for 2018 and 2017 of the joint venture at 100%.

    A photo accompanying this announcement is available at globenewswire.com

  • EBITDA is a non-IFRS measure, does not have a standardized meaning prescribed by IFRS and may not be comparable to similar terms and measures presented by other issuers. EBITDA comprises earnings before income taxes, interest expense (income) and financing expense (income), amortization expense, foreign exchange loss (gain), and other expenses including management fees, sales commissions; gain on sale of property, plant and equipment and impairment charges.
  • The following table summarizes comparative operational metrics of the Iskenderun facility.

    A photo accompanying this announcement is available at globenewswire.com

    Zinc concentrates are sold to smelters in US dollars. Because the Turkish Lira is the functional currency of the Turkish operations, sales are converted to Turkish Lira at the date of the sale. When funds are subsequently received, the US dollar receipts are translated to Turkish Lira. As a result, exchange gains or losses will be recognized. In 2018, the average US dollar exchange rate was 4.83 Turkish Lira, compared to 3.65 in 2017. The Turkish Lira depreciated significantly and quickly, with the result that a large exchange gain of $4.6 million was recognized.

    BST processed 65,340 tonnes EAFD in 2018 compared to 62,385 tonnes in 2017. Production of concentrates was 19,829 dry metric tonnes (“DMT”), down 8% from 21,543 DMT in 2017. This reflects a lower average zinc content in EAFD processed during 2018. Offsetting this was the impact of higher shipments than production in 2018, as a result of certain 2017 year end shipments being recognized in revenues during 2018. The zinc content of 2018 concentrate shipments was 68.9%, compared to 70.0% in 2017.

    Although the average zinc price in 2018 of $1.33/lb was similar to the $1.31/lb in 2017, revenues are impacted by the timing of the zinc price movements and shipments. For example, the zinc price averaged $1.41/lb in the last 6 months of 2017 and $1.48/lb during the first 6 months of 2018. However, it was only $1.22/lb during the first 6 months of 2017 and $1.17/lb during the last 6 months of 2018.

    The combination of the foregoing factors resulted in an increase in 2018 revenues to $43.9 million from $38.9 million in 2017, plus a foreign exchange gain of $4.6 million in 2018. Cost of sales also increased as a result of various higher input costs to BST. Overall, EBITDA increased to $27.5 million in 2018 from $21.8 million in 2017.

    BST made a decision in 2018 to proceed with the modernization and expansion of the Iskenderun plant. Accordingly, certain components of the existing plant have been removed and scrapped. A loss on property disposition was provided for in the 2018 accounts to reflect this.

    Income tax expense in 2018 was lower that the 2017 expense, reflecting the benefits of the various investment incentives available to BST as a result of the decision to proceed with the capital project.

    The modernization and expansion of the Iskenderun plant is estimated to cost US $26 million, of which US $4.4 million had been paid as of year end. The contracts for the supply and installation of the equipment are largely on an “EPC” basis, so there is limited risk of cost overruns. BST is funding the costs of the project with existing cash and available credit facilities, with the result that no equity contributions are required from the joint venture partners.

    Photos accompanying this announcement are available at globenewswire.com

    globenewswire.com

    The Iskenderun plant project continues to be on schedule, with commissioning to be completed by September 2019, after which the plant will be fully operational. The existing plant was closed in January 2019 to facilitate the construction of the new plant. During the shut-down period EAFD is being stored in a warehouse and an estimated 25,000 tonnes EAFD will be available at start-up of the new plant. The economics of the new plant will be greatly improved as a result of the following:

  • EAFD throughput increases from 60,000 tonnes to 110,000 tonnes EAFD
  • Zinc recovery rates are expected to improve from 80% to 90%
  • Zinc contained in concentrate will double from 30 million pounds/year to 60 million pounds/year based on full utilization
  • Unit operating costs will be reduced
  • Dependent on utilization rates and zinc prices, EBITDA is expected to increase by 2 to 3 times.
  • The Iskenderun plant will utilize the best available technology and process EAFD in a clean, environmentally sensitive manner.

    Photos accompanying this announcement are available at globenewswire.com

    globenewswire.com

    URANIUM DIVISION OPERATIONS

    Subsequent to the acquisition of GAFC, the Company remobilized to the field and drilling began in late January 2018.

    Global Atomic drilled approximately 27,000 metres at the DASA deposit during 2018. The primary objectives of the drill program were to prove the potential for near surface production at the Flank Zone and to assess the potential for further discoveries and resource expansion along strike and down dip. This program was very successful.

    Drilling at the Flank Zone significantly expanded resources and drilling along strike and down dip identified several new zones at the Tegama Hill, Tegama Hill South, the Northeast extensions and the Southwest Extensions (see the image below):

    A photo accompanying this announcement is available at globenewswire.com

    Near surface drilling at the Flank Zone completed in the first half of 2018 was used as the basis for an updated National Instrument (“NI”) 43-101 Mineral Resource Estimate prepared by CSA Global Pty Ltd. (“CSA Global”). The updated resource report incorporates an additional 36 drill holes totaling approximately 15,000 metres drilled from January to June 2018.

    The June 30, 2018 CSA Global report concluded on the Mineral Resource Statement for the DASA deposit shown in the table below:



    Category
    TonneseU3O8Contained
    metal
    MtppmMlb
    Indicated – Pit Constrained7.083,25150.8
    Indicated – Underground2.52,55314.1
    Total Indicated9.593,06864.8
    Inferred – Pit Constrained0.261,1350.7
    Inferred – Underground8.182,64747.7
    Total Inferred8.442,60048.4
    * These results are based on gamma probing. Final results will be released once chemical assaying is completed at ALS Global in Vancouver, Canada.

  • Mineral Resources are based on CIM definitions and is reported as at 1st June 2018.
  • Mineral Resources for pit constrained resources are estimated within the limits of an ultimate pit shell
  • Mineral Resources for underground resources are estimated outside the limits of ultimate pit shell.
  • A cut-off grade of 320 ppm eU3O8 has been applied for open pit resources.
  • A cut-off grade of 1200 ppm eU3O8 has been applied for underground resources.
  • A bulk density of 2.36t/m3 has been applied for all model cells.
  • Rows and columns may not add up exactly due to rounding.
  • Subsequent to completion of the latest Mineral Resource Estimate, the Company continued to intersect additional high grade mineralization in the Flank Zone. An updated Mineral Resource Statement is currently being prepared by CSA Global, taking into account all of the 2018 drill results and related assays. The updated Mineral Resource Statement is expected to be available late Q2 2019.

    Preliminary Economic Assessment (“PEA”)

    On October 28, 2018 the Company announced the results of a PEA for the DASA Uranium Project. The PEA was completed by CSA Global with the objective of assessing the economic and technical viability of uranium production at DASA as an integrated operating facility to mine and recover a uranium concentrate on the property, referred to as the DASA Stand-alone Scenario. An on-site mill would initially operate at 2,500 tpd and later ramp up to 3,500 tpd.

    As a “value opportunity”, Global Atomic also requested CSA Global to study the Alternative Mining Strategy, whereby the Company could achieve positive cash flow with minimal up front capital by selling mineralized rock directly to Orano as per a Memorandum of Understanding the Company has with Orano. The Company believes this represents a compelling case at current uranium prices.

    Highlights of the DASA Stand-alone Scenario include:

  • High grade 69 million lbs U3O8 grading of 2,380 ppm U3O8 over a 15 year mine life.

  • Scalable production: Annual production sustained of 4 Mlb to 7 Mlb U3O8 over the 15 year mine life.

  • Low cost operation: All-in sustaining cost ("AISC") of US$28.51/lb U3O8.

  • Initial CAPEX: US$320 million, including US$141 million for an on-site mill and US$467 million over the life of mine with the inclusion of sustaining capital and reclamation.
  • Significant NPV and project return at expected long-term uranium price:
  • NPV and IRR – DASA Standalone Scenario


    Unit Uranium Price (US$/lb U3O8)

    $45.00
    $50.00
    $55.00
    Pre-Tax



    NPV @ 8%US$ M$204
    $357
    $527
    IRR (100% Equity)

    19.8%
    27.3%
    35.6%
    Post-Tax



    NPV @ 8%US$ M$179
    $306
    $443
    IRR (100% Equity)

    18.4%
    25.2%
    32.7%
    Highlights of the Alternative Mining Strategy include:

  • Fast track to cash flow: Accelerated underground development with minimal infrastructure.

  • Reduced initial capital: US$35 million to start mining, no mill required.

  • High grade material: Potential to ship 360,000 tonnes annually for the 5 year contract containing on average 2.8 million lbs U3O8 grading 3,698 ppm.

  • Low cost mining: Operating costs of US$10.94 per lb U3O8 before transport and processing, indicates this is potentially profitable at current uranium prices.
  • The following shows the DASA mineralized zones and underground conceptual mine workings as per the PEA

    A photo accompanying this announcement is available at globenewswire.com

    Current Planning

    As previously indicated, CSA Global is presently updating the Mineral Resource Statement for DASA to incorporate all available information. Once this is completed, several mine plans will be evaluated to arrive at the optimal mining scenario. Any additional studies required to support a feasibility study will be initiated, so that a feasibility study is available late 2019. Upon completion of the feasibility study, Global Atomic will apply for a Mining Permit on the DASA deposit. Historically, mining permits have been awarded within 4 to 6 months.

    Global Atomic is in the second renewal period for it Exploration Permits. Such Exploration Permits previously had an expiry date of January 29, 2019. However, on December 17, 2018, all six Exploration Permits were extended for 24 months to January 29, 2021. This provides sufficient time to enable the Company to complete the feasibility study and make application to obtain its Mining Permit for the DASA deposit.

    LIQUDITY AND FINANCIAL POSITION

    The Company reported a working capital surplus of $7.3 million at December 31, 2018 compared to a deficit of
    $1.0 million at December 31, 2017. In Q4, 2017, as a result of the acquisition of GAFC, the Company assumed liabilities of GAFC, and commenced payments for exploration activities. During 2018, the Company spent $6.0 million on exploration and evaluation expenditures related to its Niger uranium properties.

    The cash required to support expenditures was derived from the cash on hand at the end of 2017 and the dividend received from BST in 2018. In 2018, the Company received a dividend payment of $6.9 million from BST as compared to a dividend receipt of $4.5 million in 2017.

    Throughout the year, the Company receives its share of management fees and sales commissions from the Turkish operations, which amounts fund the various corporate costs.

    In November 2018, the Company completed a private placement of common shares for gross proceeds of $8.9 million. A further private placement of common shares for $1.3 million was completed in January 2019. These private placements have provided the Company with the liquidity necessary to complete its Niger feasibility study to support obtaining its Mining Permit.

    Additional exploration expenditures are largely discretionary and the amount of exploration activity can therefore be adjusted based on availability of equity capital.

    In 2018, the Turkish joint venture initiated a modernization and expansion program on its Iskenderun plant. Funding for such capital costs will be derived from existing cash and available credit facilities to the joint venture. No dividends will be paid until after any credit facilities have been repaid. Credit facility repayment is projected to take place in 2020, so the Company does not expect to receive any dividends from BST until 2021.

    QP Statement

    George A. Flach, Vice President of Exploration, P.Geo. is the Qualified Person (QP) as defined in NI 43-101 and has prepared, supervised the preparation of, and approved the scientific technical disclosure in this news release.

    The PEA was completed in accordance with NI 43-101, Canadian Institute of Mining, Milling and Petroleum (“CIM”) standards. The PEA is preliminary in nature and includes Inferred Mineral Resources that are too speculative geologically to have economic considerations’ applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that PEA results will be realized. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

    About Global Atomic

    Global Atomic Corporation is a TSX Venture listed company providing a unique combination of high grade uranium development and cash flowing zinc concentrate production.

    The Company’s Uranium Division includes six exploration permits in the Republic of Niger covering an area of approximately 750 km2. Uranium mineralization has been identified on each of the permits, with the most significant discovery being the DASA deposit situated on the Adrar Emoles III concession, discovered in 2010 by Global Atomic geologists through grassroots field exploration. The DASA deposit is currently undergoing a feasibility program to study shipping mineralized material to Orano Mining’s operations in Arlit under an MOU signed with Orano in July, 2017.

    Global Atomics’ Base Metals Division holds a 49% interest in Befesa Silvermet Turkey, S.L. (“BST”) joint venture, which operates a processing facility, located in Iskenderun, Turkey, that converts Electric Arc Furnace Dust (“EAFD”) into a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company’s joint venture partner, Befesa Zinc S.A.U. (“Befesa”, listed on the Frankfurt exchange under ‘BFSA’), holds a 51% interest in and is the operator of the BST joint venture. Befesa is a market leader in EAFD recycling, capturing approximately 50% of the European EAFD market with facilities located throughout Europe and Korea.

    BST is well underway with an expansion project to significantly modernize and expand its processing plant in Turkey. The expansion is targeted to double annual production of zinc from 30 million lbs to 60 million lbs and is supported by EAFD supply currently available for processing in Turkey. The new plant is scheduled for completion by September 2019.

    Key contacts:

    Stephen G. Roman
    Chairman, President & CEO
    Tel: +1 (416) 368-3949
    Email: sgr@globalatomiccorp.com

    Merlin Marr-Johnson
    Executive VP
    Tel: +44 7803 712 280
    Email: mmj@globalatomiccorp.com

    The information in this release may contain forward-looking information under applicable securities laws. Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomic’s development potential and timetable of its operating, development and exploration assets; Global Atomic’s ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and mineral resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", “targets”, "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". All information contained in this news release, other than statements of current and historical fact, is forward looking information. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

    Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although management of Global Atomic has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Readers should also review the risks and uncertainties sections of Global Atomic’s annual and interim MD&As.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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    From: LoneClone5/1/2019 11:25:50 AM
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    Appia Announces 2019 Summer Diamond Drilling and Exploration Plans for Critical Rare Earth Elements and Uranium Projects

    newsfilecorp.com

    Toronto, Ontario--(Newsfile Corp. - May 1, 2019) - Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the "Company" or "Appia) is pleased to provide details regarding the Company's planned exploration activities for the world-class, high-grade critical rare earth elements ("REE") Alces Lake and uranium properties, Athabasca Basin area, northern Saskatchewan.

    ALCES LAKE

    The Alces Lake Property encompasses some of the highest-grade total and critical REE mineralization in the world, hosted within seven surface showings that remain open at depth. Critical rare earth elements are defined here as those that are in short-supply and high-demand for use in permanent magnets and modern electronic applications such as electric vehicles and wind turbines (i.e: Neodymium (Nd), Praseodymium (Pr) and Dysprosium (Dy)). The Alces Lake project area is 14,334 hectares (35,420 acres) in size, and is 100% owned by Appia.

    Follow-up exploration is scheduled to start in June and is planned to include;

    • 3,000 m of diamond drilling on the Ivan/Dylan/Dante zones, Bell/Charles/Charles Lower zones, and reconnaissance drilling on select geophysical/geological targets;
    • a detailed ground gravity survey exploring for high-grade REO concentrations beneath the surface, similar to the Charles Lower zone;
    • follow-up prospecting and stripping overburden in and around previously identified radiometric outcrops within a large radiometric anomaly;
    • airborne radiometric, magnetic and EM geophysical survey over the Forget Lake and Oldman River monazite showings, to be followed with reconnaissance prospecting of said showings; and
    • continuing heavy mineral and monazite-bearing sand evaluation of the Alces Lake beach sand.
    Exploration permits for the proposed summer activities are in-hand.

    NORTH WOLLASTON

    In addition, the Company is planning an airborne radiometric, magnetic and EM geophysical survey over the North Wollaston property which hosts four uraniferous surface showings with grades up to 0.495 wt% U3O8. The surface showings, and any additional radiometric anomaly identified from the airborne survey, are expected to be followed-up with ground exploration during the summer. The North Wollaston project area is 11,371 hectares (28,100 acres) in size, and is 100% owned by Appia.

    LORANGER

    The Company is waiting for drill core geochemical assay results from the Saskatchewan Research Council Geoanalytical laboratory. The results are expected within 2 to 3 weeks and will be announced after they are received and reviewed by the Company.

    About Appia

    Appia is a Canadian publicly-traded company in the uranium and rare earth element sectors. The Company is currently focusing on delineating high-grade critical rare earth elements ("REE") and uranium on the Alces Lake property, as well as prospecting for high-grade uranium in the prolific Athabasca Basin on its Loranger, North Wollaston, and Eastside properties. The Company holds the surface rights to exploration for 63,980 hectares (158,098 acres) in Saskatchewan.

    The Company also has a 100% interest in 12,545 hectares (31,000 acres), including rare earth element and uranium deposits over five mineralized zones in the Elliot Lake Camp, Ontario, which historically produced over 300 million pounds of U3O8 and is the only Canadian camp that has had significant rare earth element (yttrium) production.

    Appia's technical team is directed by James Sykes, who has had direct and indirect involvement with over 550 million lbs. U3O8 being discovered in five deposits in the Athabasca Basin.

    Appia has 65.0 million common shares outstanding, 85.9 million shares fully diluted.

    The technical content in this news release was reviewed and approved by Mr. Irvine R. Annesley, P.Geo, Advisor to the Board of Directors of Appia, and a Qualified Person as defined by National Instrument 43-101.

    Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.

    Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

    For further information, please contact:

    Tom Drivas, President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email)
    appia@appiaenergy.ca

    James Sykes, VP Exploration & Development, (tel) 306-221-8717, (fax) 416-218-9772 or (email) jsykes@uraniumgeologist.com

    Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email) fvandewater@rogers.com

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    From: The Barracuda™5/7/2019 6:06:54 PM
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    Mike Alkin Sachem Cove Partners uranium report

    Sachem Cove Partners uranium

    In the end, Lewis Ranieri’s Mortgage Backed Security mutated into a monstrosity that collapsed the whole world economy. And none of the experts or leaders or talking heads had a clue it was coming... But there were some who saw it coming... While the whole world was having a big ol’ party, a few outsiders and weirdos saw what no one else could. (Not me, I’m not a weirdo. I’m pretty cool. We’ll meet later.) These outsiders saw the giant lie at the heart of the economy. And they saw it by doing something the rest of the suckers never thought to do: They looked.


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