Atomic Minerals: A Junior Uranium Explorer With Promising Projects In North America

In this Trade To Black Podcast, TDR Founder Shadd Dales interviewed Atomic Minerals (TSXV: ATOM) (President & CEO, Clive Massey. In this podcast Clive talks about the company’s promising uranium projects, which aim to take advantage of a rising commodity price over time.

Atomic Minerals, a Vancouver-based exploration company, is actively traded on the TSX Venture Exchange and boasts a skilled management and technical team with a track record of success in the junior mining industry. The company lists six ongoing mining projects in various stages of early-stage exploration development:

Lloyd Lake Project: a 6,168 Ha land parcel which lies south of the western Athabasca Basin approximately 90 km SE of Fission Uranium’s Patterson Lake project

Harts Point Project: lies on the eastern flank of the southern extension of Gibson Dome, a non-diapiric salt anticline, in San Juan County, Utah

10 Mile Property: consists of 521 unpatented lode claims totaling more than 10,400 acres encompassing four separate blocks, in Grand County, Utah

Mitchell Lake Project: lies in the eastern Athabasca Basin, contiguous to UEX Corporations West Bear property. Historic exploration has identified a major +10km linear EM anomaly associated with a NE trending regional structure

Hamilton Lake Project: lies in the Beaverlodge District of northern Saskatchewan, contiguous to Appia Rare Earths & Uranium Corp.

Gravity Jack Project: a road-accessible copper-iron skarn project located 18 kilometres northeast of Boston Bar, B.C.

The importance of uranium in world energy markets cannot be overstated. With a global power shortage on the horizon, uranium remains the only economically viable solution.

Currently, there is a 60 million pound shortfall between uranium production required to power the hundreds of nuclear facilities worldwide. And according to widely published statistics, by 2040, the world will require 49% more electricity to sustain our current way of life, with demand estimates projecting a surge from 17.7 Terawatts per year in 2021 to a staggering 70 Terawatts per year in 2050.

Although alternative sources such as wind and solar have their merit, they are bound by scalability and economic limitations. In contrast, nuclear energy offers a clean and manageable waste disposal solution.

This supply-demand gap underscores the urgency and potential for exploration companies like Atomic Minerals to contribute to the growing global demand for uranium. Through the continued development of their promising land packages, the company aims to tap into this opportunity and contribute to meeting the future energy needs of the world.

Most prominent in the news cycle in recent times has been the partnership of the Harts Point Uranium Project in San Juan County, southeast Utah in a traditional world-class uranium jurisdiction. As CEO Clive Massey states, Atomic Minerals “has been permitted for twenty holes, we expect to be on the ground next week, and should have results fairly shortly.”

Located in the center of the Colorado Plateau, the jurisdiction has produced over 328 million pounds of U3O8 at 0.2 to 0.4% U3O8 since the 1950s.

The project is a joint venture with Kraken Energy Corp. Kraken can earn up to a 75% interest by spending $3.8 million dollars and issuing Atomic Minerals 2 million shares over a period of 18 months.

To view our previous Trade To Black podcast, click here.

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