20H·

Elevate Uranium - did the gamble just get more interesting?

https://stockhead.com.au/resources/elevate-uranium-raises-25m-to-accelerate-pilot-plant-program-and-expand-resource-drilling/?utm_source=chatgpt.com

Elevate Uranium - $EL8 (+0%) - can make good use of the money for a pilot project in which they are testing a process that - if it works - will lead to drastic savings in the mining of uranium ore. The plant is scheduled to go into operation in 2025, but results are not expected before Q2 2026 as far as I know.

@Multibagger recently presented the thing in more detail.

stockhead.com.auElevate Uranium raises $25M to accelerate pilot plant program and expand resource drilling - Stockhead

6 Comments

TradingHase@TradingHase

19H

The approach is very interesting and persuaded me to buy it as soon as it was presented. I also included $KZAP to meet the ever-increasing demand from Atom.

•

Chris@Multibagger

19H

@TradingHase $KZAP is the top dog alongside $CCO and, just like them, has already sold the entire capacity for the next 3 years via long-term contracts, according to my information. Therefore, the chance of positive surprises is limited as they are priced in and do not benefit disproportionately from further increases in uranium prices. Plus, of course, political risks. Would not necessarily be my first pick in this area.

•

TradingHase@TradingHase

17H

@Multibagger Yes, I've also read about the sell-off over the years. But I think it's a safe, healthy bank in the long term.

•

BockaufDividenden@BockaufDividenden

18H

I hope it works out. I bought 5,000 shares out of curiosity a week or so ago. Let's see what happens, it's a penny stock, I have to say

•

Stocktective@Stocktective

18H

Interesting, I've just come from the show. But it seems very risky to me. Elevate Uranium's process seems to be of limited use for mainly low grade and (open mining) near surface. In addition, only the processing costs are reduced? In return, of course, there will be extra costs for logistics/earth movement, and the pure mining costs will probably not be reduced either. We will have to see whether and how the whole thing is feasible and, above all, whether it is economically viable. The leap from test to established technology is also still pending.
What also remains is the question of whether other players have been sleeping on this idea until now? I'll throw $EL8 on the WL and watch from the sidelines.

•

Chris@Multibagger

19H

Raising the money was the reason for the price drop. Otherwise, the results of the pilot phase will not be available until Q2 26, just as you write. So you need patience

••