Interview with John Jentz, CEO of Latitude Uranium
Latitude Uranium Inc. (CSE:LUR | OTCQB:LURAF | FRA:EI1) is a Canadian uranium exploration company with a focus on district scale projects in Canada. The company has two main assets:
The flagship Angilak Project located in Nunavut, which hosts a historical inferred resource of 43.3 million pounds U3O8 at an average grade of 0.69% U3O8. Recent drill results from the 2023 exploration program have intersected high-grade uranium mineralization including up to 21,000 counts per second on the Lac 50 Trend. Hole 18 discovered two new wide intercepts of 41 metres and 21 metres below historical drilling, opening up resource expansion potential.
The Central Mineral Belt (CMB) Project in Labrador with historical resources at the Moran Lake and Anna Lake deposits. The large 152,865 hectare land package covers a significant portion of the prospective belt, which also hosts the Michelin uranium deposit. Airborne surveys were completed in 2022 to identify and prioritize targets.
Latitude Uranium is focused on expanding the known high-grade mineralization at Angilak in the near-term, while also evaluating the district-scale potential. At the CMB project, compilation of the extensive historical data using modern techniques is underway to delineate drill targets.
The company is well funded with approximately $3 million in cash. With uranium demand growth forecasted as part of the global energy transition and looming supply shortages, Latitude Uranium offers leverage to the upside in the uranium market through expanding and discovering district-scale projects in top ranked mining jurisdictions.