We were delighted to welcome Stephen Keith, CEO at Labrador Uranium, listed on the Canadian and OTCQB stock exchanges, to the London South East Natural Resources webinar 4.10.22.
Stephen is a highly articulate former investment banker and now Uranium explorer with Labrador Uranium. And he firmly believes demand is growing for Uranium with the energy crisis and the need for green energy a global driver. So much so that he believes a uranium supercycle is coming.
LUR are undertaking an inaugural drilling and exploration programme on their 139,000 hectare CMB or Central Mineral Belt property in Labrador, Newfoundland, which may prove to be a new Saskatchewan he hopes, and using machine learning to analyse 50 years of historical mining data from the area.
LUR has a great shareholder base, supported by $20M raised last year, which makes them fully funded for a drilling programme exploring for Uranium and IOCG (Iron Oxide-Copper-Gold) into 2023.
And all against a backdrop of rising uranium prices in 2021 and 2022. Stephen points to dozens of nuclear reactors being built in China, Japan starting to look at nuclear reactors again (after Fukishima) the US is beginning to put strategic money back into nuclear reactors again and people are looking at small modular nuclear reactors. Batteries require electricity to charge them and base load power most obviously comes from nuclear.