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Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America and the Kyrgyz Republic, with a primary focus of developing in-situ recovery uranium projects in the U.S. The Dewey Burdock in-situ recovery uranium project in South Dakota, which is the company's initial development priority, has received its Nuclear Regulatory Commission License and draft Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and the company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project.

Expert Comments:

What this milestone means for Azarga Uranium, the next steps for advancing its Dewey Burdock and near-term catalysts are addressed in a Haywood report.
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Azarga Uranium reported that the receipt of the final EPA permits for its Dewey Burdock Project marks another significant milestone achievement for the company.
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Colin Healey, Haywood Securities

"Receipt of final Environmental Protection Agency permits represents a major derisking event for Azarga Uranium Corp. . .the company's flagship Dewey Burdock in situ recovery uranium project has now received all major required federal permits. . .Azarga remains one of our Top Picks in the space, and we view the current share price as a great entry point in a rising uranium price environment."

Peter Epstein
Peter Epstein of Epstein Research wonders if investors' patience with U.S.-focused Azarga Uranium will finally be rewarded.
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Clive Maund,

"Azarga Uranium Corp. is rated an Immediate Buy. . .the current low volume is a sign that the company is now ready to break out. . .it is now very cheap, historically, with its indicators looking most favorable."

headshot of Siddharth Rajeev

Siddharth Rajeev, Fundamental Research Corp.

"Azarga Uranium Corp. is advancing its flagship Dewey Burdock project in South Dakota through advanced stage permitting to production. . .a recent preliminary economic assessment on Dewey Burdock returned an after-tax internal rate of return of 50% and an after-tax net present value (NPV) at 8% of $148M, at a price of $55/lb uranium, but the project's NPV is positive even at today's price ($33/lb). . .we are initiating coverage on AZZ with a Buy rating."

Azarga Uranium Corp. reported it has locked in financing to fund financial assurance bonds that are required to gain final EPA permits at its Dewey Burdock Project.
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Thibaut Lepouttre, Caesars Report

"Azarga Uranium Corp. released more data from its metallurgical test work on the samples the company has taken from its Unkur copper-silver project. . .the test work on the sulphide area shows a recovery rate of 87–92% for the copper and 82–88% for the silver while producing a copper concentrate with an average grade of 30% copper (which is on the higher end of the spectrum as a high-grade copper concentrate will be highly sought after)."

Gerardo Del Real, Junior Mining Monthly

"Azarga Uranium Corp. announced that the company has identified further uranium mineralization at its Gas Hills uranium project. . .this newly identified second area of high-grade uranium mineralization adds to the additional mineralization announced on April 6, 2020. . .Gas Hills is a low cost project, in a great jurisdiction, waiting on a final permit that should be granted soon."

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Colin Healey, Haywood Securities

"Azarga Uranium Corp. announced that it has identified further uranium mineralization through the analysis of historic data at its 100%-owned Gas Hills project. . .the potential to add resources at Gas Hills at very lost cost through the review of historic drill logs is positive news for the company and a boost to its future plans for this potential satellite in situ recovery (ISR) project to the Dewey Burdock ISR project."

More Expert Comments

Experts Following This Company

headshot of Peter Epstein
Peter Epstein, CFA – Epstein Research
headshot of Colin Healey
Colin Healey, Analyst – Haywood Securities
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
Clive Maund –
headshot of Siddharth Rajeev
Siddharth Rajeev, Analyst – Fundamental Research Corp.

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
America’s next low-cost ISR uranium producer
Dewey Burdock – NRC licensed and highest grade undeveloped ISR project among peers
Pipeline of assets well positioned for US uranium renaissance
catalyst Calendar
Resource and Preliminary Economic Assessment update for Dewey Burdock
Progression of permitting at Dewey Burdock