March 3, 2022
Labrador Uranium Inc. (CSE:LUR, Not Rated, David A. Talbot) begins to trade publicly today following the spin-out from Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.15 target, David A. Talbot) last week. LUR is a unique exploration vehicle that is focused on the consolidation, exploration and development of uranium and vanadium projects in Labrador. The company’s project portfolio includes Moran Lake, Central Mineral Belt (CMB), Notakwanon and Mustang Lake. The company begins life with an existing resource base, massive land package and considerable upside potential. Its large project portfolio is situated in a bona-fide uranium camp that extends for 260km x 75km. An aggressive exploration program is also planned for 2022 by a team that boasts 75 years of geological experience and should help lead to further potential uranium discoveries. Furthermore, Labrador is an excellent mining jurisdiction, ranked 8th for mining attractiveness by the Fraser Institute. Upcoming catalysts include the evaluation of targets at CMB and Notakwanon (H1/22), permitting for exploration and field camp construction at CMB (H1/22), resource update at Moran Lake (2022) focused more on expanding this deposit than simply restating historical resources of 9.6M lb U3O8 and 136.4M lb V2O5. Read more
