Mining Journal: Plateau is on the rise

  Mar 30, 2017   in Analyst Coverage

MiningJournal2017We were recently featured on the Mining Journal publication. Click below to read more.

Both uranium and lithium are heating up but few if any companies have a foot in both energy-related markets. One company that does is Plateau Uranium (CN:PLU) with its Macusani project in Peru.

The company completed a preliminary economic assessment in January 2016 and is working towards completing a feasibility study with a goal of being in production in late 2020, a time when both the uranium and lithium markets are forecast to be in supply deficit.

“We are positioning ourselves to be ready to produce in late 2020 when the world needs more uranium supply. We are seeing the market turn in advance of this, evidenced by a rise in the uranium spot price from a low of US$17.50/lb in late November 2016 to around $25.00/lb today, as volume in the spot market has dried up,” says CEO Ted O’Connor

Read the full article by clicking here.

 

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