Azarga Uranium – TSX: AZZ, OTCMKTS: AZZUF

Azarga Uranium Corp. (Stock Symbols – TSX: AZZ, OTCMKTS: AZZUF) formerly Powertech Uranium Corp., operates as an integrated exploration and uranium developer in the United States.

The company has 100% ownership of the Dewey Burdock project. This project is an (In-Situ Recovery) ISR uranium project covering an area of approximately 12,613 surface acres and 16,962 net mineral acres located in South Dakota.

The project resource estimate includes:

  • 14,285,988 pounds of measured uranium resource
  • 2,836,159 pounds of indicated uranium resource
  • 712,614 pounds of inferred uranium resource

The Dewey Burdock project has a completed PEA with an estimated uranium sales price of $55 USD. The pre-income tax cost of production is estimated at $28.88 per pound, with taxes estimated to be $3.39 per pound.

The project is anticipated to have a 16 year mine life with an average of 14.3 million pounds of uranium produced annually. The company anticipates first production to occur after a short two year construction period.

The project received its Nuclear Regulatory Commission license in 2014. It has also received its Class III and V Underground Injection Control permits from the EPA in 2019.

The company’s Gas Hills project covers an area of approximately 1,280 surface acres and 12,960 net mineral acres located to the east of Riverton, Wyoming. The project is 100% owned by Azarga Uranium.

This project has an estimated 4.7 million pounds of uranium in the indicated category and another 2.5 million pounds in the inferred category.

Azarga Uranium Project Locations
Azarga Uranium Project Locations. Source: Azarga Uranium

Azarga Uranium also holds 100% interest in the Centennial project. The project consists of 1,365 acres of surface rights and 6,238 acres of net mineral rights in Colorado.

The project has a completed PEA with 10.37 million pounds of indicated and another 2.3 million pounds of inferred uranium. The assumed sales price per pound is $65.

The project is estimated to have a 14 year life with an average of 700,000 pounds of production. EPA permits were submitted in 2010. Remaining permit applications have not yet been developed.

The Aladdin exploration project is 100% owned and totals an area of 5,166 acres of surface rights and 4,618 acres of net mineral rights located in Crook County, Wyoming. The project contains just over 1 million pounds in the indicated and another 101,000 pounds of inferred uranium.

In addition, the company owns 100% interest in the Juniper Ridge project totaling an area of approximately 640 surface acres and 3,240 net mineral acres located in Carbon County, Wyoming.

The project has a completed PEA with 6 million pounds of uranium in the indicated and another 0.2 million pounds in the inferred category.

Azarga Uranium was incorporated in 1984 and is based in White Rock, Canada.

Please note that the share price below is for the TSX stock symbol. The quote is delayed by approximately 15 minutes and not real time.

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