THE NEW URANIUM BOOM.
Nuclear energy provides about 10% of the world's electricity from about 440 power reactors.
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Nuclear energy provides about one-quarter of the world’s low-carbon electricity.
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Nuclear energy is the world's second largest low-carbon power source (26% of the total in 2020).
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Over 50 countries utilize nuclear energy.
THE U.S. IMPORTS 90% OF THE URANIUM IT NEEDS EVERY YEAR. Owners and operators of U.S. nuclear power reactors purchased the equivalent of about 48.9 million pounds of uranium in 2020. Despite the fact that the U.S. is endowed with a large volume of uranium resources throughout most of the western States, it only mined a meagre 175,000 pounds in 2019.
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During 2020, the global uranium industry is reported to have mined 124 million pounds of uranium. Today, there are over 440 nuclear power plants operating in 32 countries, making up about 10% of the world’s electricity. A total of 55 nuclear plants are now being constructed in 19 countries and a total of 100 nuclear plants are on order and over 300 more are proposed. Further demand is being created simply by upgrading and extending the operating lifetime of current nuclear plants.
The U.S. Geological Survey reports that the U.S. holds approximately 1.2 billion pounds of known, reasonably assured and inferred resources, and that it has more than three times that amount in prognosticated undiscovered resources.
Most of the known uranium deposits in the U.S. are hosted by sedimentary rocks with some additional resources attributed to intrusive-related deposits such as porphyries. This map shows that the traditional uranium production has been from sedimentary deposits in the Colorado Plateau and the Basins of Wyoming. With the onset of modern solution mining, many uranium deposits have been developed in the Southern High Plains and the Coastal Plains of Texas. The Powerline Project lies within sedimentary rocks of the Colorado Plateau.
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Utah is the third-largest uranium-producing state in the U.S., having a cumulative production of about 130 million pounds of uranium oxide (U3O8). Production slowed in the early 1990s due to low uranium prices, but a resurgence in the market and modern solution mining is bringing a new period of uranium exploration and production to Utah.
The Powerline project is located 160 km from the White Mesa plant, the only licensed conventional uranium mill in the U.S., and 80 km from the prolific Lisbon Valley.
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Ameranium's Powerline property is in the core of the most prolific uranium mining area within the U.S. Ameranium is in the right place at the right time.
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The Powerline uranium project consists of 630 lode claim units on 5,264 hectares (13,000 acres) of BLM-administered Federal lands,
10 historic oil and gas wells clearly marked at surface, all demonstrating highly prospective U308 intercepts at depth levels ranging from 800 to 2,200 ft. GR density wire logs calibrated to 300 and 400 API indicating off-scale spikes demonstrating several thick zones of potentially high uranium mineralization throughout the property.
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Sandstone uranium target zone in the Chinle formation spans 13 km across the Powerline project, with high-grade intervals allowing for multiple targets.
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High potential for uranium extraction via the in situ leach (ISL) method -- roughly 57% of the world's uranium is mined using ISL (modern solution mining methods).
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ISL ADVANTAGE (solution mining)
- Low Capital Costs for Mine Development
- Environmentally Friendly
- No Waste Rock, No Tailings Pond
- Profitable on Lower Grade Uranium Deposits
- Low Labor cost
Ameranium Energy Corp. is a discovery-driven company advancing the Powerline uranium project. Situated in America's Tier 1 uranium mining jurisdiction of Utah, Powerline is centred in the heart of the Colorado Plateau, the largest single source of uranium in the U.S. -- with more than 4,000 sandstone-hosted uranium occurrences hosting a potential 1.2 billion pounds of mined and in situ U₃O₈.
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Ameranium holds over 5,000 hectares (13,000 acres) of BLM-administered federal lands, in close proximity to hundreds of uranium occurrences and numerous historical mines.
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The rising domestic demand for uranium in the U.S is powered by the NUCLEAR FUEL SECURITY ACT, which is calling for the revival of domestic uranium production. Ameranium offers a strategic gateway for investors to tap into this growing market.
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