Purepoint Uranium Group Inc. (TSXV:PTU) – Notable News

November 26, 2024

Purepoint Uranium Group Inc. (TSXV:PTU, BUY (S), C$0.20 target, David A. Talbot) has closed a non-brokered private placement for C$2.2M by issuing ~7.3M units at C$0.30/unit. As a condition for the formation of the previously announced joint venture (read notable), IsoEnergy (TSX:ISO, BUY, C$7.70 target, David A. Talbot) has subscribed for ~3.3M units or C$1M as part of the private placement. Net proceeds are expected to be used for general working capital purposes. We look forward to seeing both parties collectively advance the contiguous portfolio of ten exploration projects covering +98,000 ha in the northeastern Athabasca Basin. The JV covers ground over the Larocque trend (outside Larocque East) which hosts ISO’s Hurricane deposit, the highest-grade deposit in the world with an Inferred resource of 48.61M lbs U₃O₈ at 34.5% U₃O₈, and plenty of other prospective showings and known conductors. The combined understanding of the geology of these projects should improve the odds of exploration success. The contiguous package will also help the JVs chase mineralization that crosses property boundaries. Read more

Company Specific Disclosure Details

Aldebaran Resources Inc. – TSXV:ALDE

1. The analyst has visited the head/principal office of the issuer or has viewed its material operations.
2. The issuer paid for or reimbursed the analyst for a portion, or all of the travel expense associated with a visit.
3. In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services for the issuer.   
4. In the last 12 months, a partner, director or officer of Red Cloud Securities Inc., or an analyst involved in the preparation of the research report has provided services other than in the normal course investment advisory or trade execution services to the issuer for remuneration. 
5. An analyst who prepared or participated in the preparation of this research report has an ownership position (long or short) in, or discretion or control over an account holding, the issuer’s securities, directly or indirectly.
6. Red Cloud Securities Inc. and its affiliates collectively beneficially own 1% or more of a class of the issuer’s equity securities.
7. A partner, director, officer, employee or agent of Red Cloud Securities Inc. serves as a partner, director, officer or employee of (or in an equivalent advisory capacity to) the issuer.
8. Red Cloud Securities Inc. is a market maker in the equity of the issuer.
9. There are material conflicts of interest with Red Cloud Securities Inc. or the analyst who prepared or participated in the preparation of the research report, and the issuer.

Analysts are compensated through a combined base salary and bonus payout system. The bonus payout is determined by revenues generated from various departments including Investment Banking, based on a system that includes the following criteria: reports generated, timeliness, performance of recommendations, knowledge of industry, quality of research and client feedback. Analysts are not directly compensated for specific Investment Banking transactions.