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Latitude Uranium (CSE:LUR) – Unlocking Tier-1 Asset as Prices Take Off | Crux Investor

Interview with John Jentz, CEO of Latitude Uranium Our previous interview:…

Recording date: 13th November 2023

Canadian uranium explorer Latitude Uranium is focused on systematically expanding resources at its flagship Angilak project, located in Nunavut, Canada. Angilak already hosts a substantial 43 million pound inferred uranium resource open along strike and at depth. However, Latitude Uranium believes growing the resource above 100 million pounds is key to positioning Angilak as one of the most attractive global uranium assets and appealing to potential acquirers.

With uranium prices having risen over 50% in the past year to $70 and future supply shortages looming, the company’s strategy aims to take advantage of increasingly favorable market dynamics. Latitude is implementing a focused exploration program to substantially expand Angilak’s resource base within a compressed timeframe of 3-5 years.

Infill and step-out drilling at Angilak in 2023 intersected high-grade uranium mineralization outside current resource boundaries. Results included 7.54% U3O8 over 1.9m in one hole. While not all holes hit significant mineralization, this program successfully expanded the footprint for future resource upgrades.

Latitude Uranium plans to raise $5-6 million before year-end to support an aggressive 2024 drill campaign targeting a 100+ million pound uranium resource at Angilak. The company believes major resource expansion is needed to attract acquirers and clearly demonstrate Angilak’s world-class potential.

Growing Angilak’s resources will also advance the project towards preliminary economic assessments and feasibility studies required for production decisions. Latitude sees Angilak on a 3-5 year timeframe to production depending on the pace of advancement.

Rather than stick to a predefined development path, Latitude is monitoring changing uranium market sentiments to determine the optimal strategies. The company aims to maximize investor returns by customizing plans for Angilak to match what market conditions reward.

View Latitude Uranium’s company profile:…

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