welcome to CEO insights I'm Marilyn De Guzman with Inn I'm speaking with Rick merer president and CEO of for energy medals like hey how are you good again same same yeah abouty here yes yeah so that's actually my first question to you that's the last sign we spoke it the price of helenium has really skyrocketed and it it even you know pass $100 to power basically how is this price uh impact price Shad impacting the uranium exporation sector and what do you think of the factors that are affecting this


this R them please well um a year ago we talked about you know the supply and balance Supply demand and ballots um finally I think people are say yeah the market is has recognized that um and that's that's resulted in this H uh price increase um that's a structural a structural problem in the uranium market right now so the demand is very high and the supply very low you know at this point in time so um the the other aspect behind that is is the uh Russian situation um yeah yeah there's there's


um base Supply one-third of the world's enriched uranium and and I think the Western worlds has has come to the recognition that we we have to change that and be able to Source our own supply of of uranium and enriched uranium so these things we talked about a year ago and as I said finally starting to show up in in in the price how is that affecting the EXP exploration Market all you have to do is take a look at the stanking map uh in the aabas base and of Saskatchewan right now to just show you the the difference uh or the


amount of claims that have been been staked since uh since the price moved from uh around $60 or $50 to over 100 so in you know speaking of activities um you have your priority projects what are your exporation BLS for 2024 yeah so um we raised uh over $10 million um late last year and the bulk of that fundraising is going to go to our nun uranium project uh the Theon Basin uh is a analog to the at the basa Basin high-grade uranium deposit it potential uh and uh We've uh got two deposits that uh have already been


delineated uh on the property that we will um continue to explore with uh about 10 to 12,000 meter drill program so that's the bulk that's our our Flagship project here is our none but uh uranium project uh that uh is in the FEI on Basin which is identical to the Athabasca Basin for for high-grade Uranium deposits we're really excited about what this summer so aside from urum you're you you have other products in the critical space in saskat one could you you want to talk about some ploud for


those yeah um we we we're really going to focus on uranium uh our uranium portfolio we will do a little bit of work on some of our Athabasca Basin uranium projects um we're in negotiations at this point in time on with some other interested parties on advancing uh some of those at theas uranium projects so the energy Metals portfolio um you know the best is best one that we have is uh the Janis Lake copper project uh which uh is has has tremendous potential in our view and it's a good


optionality uh project on copper um which we'll will'll be able to resurrect uh you know when the when the copper Market uh uh gets really active going back to the C uranium project um so obvious so you're doing a lot of excavation on that focusing on that where where do you take it from there once or um you have all the information from here yeah so this year uh it it's a 10 to 12,000 meter drill per uh that'll be anywhere from 30 to 40 holes uh focused 75% on the what we call the


tatab tatac deposit um which is within five kilometers of aranos uh Andrew Lake and in deposits uh there's 133 million pounds of urum already there owned by orano the French nuclear Corporation so we'll spend most of our uh drilling Budget on that and there's a number we've got over 20 other Targets in our view that could be very large uh uranium deposits so we're going to spend about uh 25% of that drill Budget on uh drilling those those deposits or those uh targets so we're here at v i in


Vancouver what's the key message you want uh investors attending here to know about the company yeah number one um our focus on the Theon Basin which we believe is the aabas 2.0 it's a it's definite geologic analog to the Athabasca base and has the potential to be as as productive a as the as the Athabasca Basin with uh concerted exploration its potential has not has not been tapped just because of the lack of exploration and uh we have we have a tremendous uh land package with uh a


number of deposits uh potential deposits there that um really is is a we're on to a mining camp and this is not a Grassroots project this is an advanced exploration project with with two potential deposits already uh discovered I I guess I I didn't mention that we stake this ground after um chemical um exploring and and discovered these deposits over 12 years of exploration so we we have uh an advanced exploration project uh the potential for um brand new uranium Discovery and actually a


brand new uh discovery of a of an exp a mining camp in our view Paul thanks we for joining me and Sh okay thanks and thanks everyone for watching Jo this again next time for another DJ fation on CEO inside if you like this video make sure you subscribe to our Channel and turn on notifications so you don't miss future updates and interviews see you next [Music] time