The Nuclear Resurgence

Nuclear energy is America’s workhorse, providing a steady and reliable source of clean energy across the country.

Approximately 20% of America’s electricity, and more than half of its emissions-free electricity, comes from nuclear power.

Nuclear power’s ability to provide large amounts of carbon-free baseload power makes it a critical component of the energy mix, helping to reduce greenhouse gas emissions and combat climate change.

With the United States rapidly moving into advanced reactor technology and small modular reactors (SMR’s), the demand for Uranium will be greater than ever in the years ahead.  

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Securing American Energy Independence

Ramping up nuclear power capacity is a critical step toward achieving true energy independence for America.

The United States relies on imports from multiple foreign countries, including the likes of Russia, Kazakhstan, Uzbekistan, Namibia and South Africa, to meet almost all of its current Uranium needs.  

The U.S. Department of Energy has announced its aim to increase domestic Uranium production to reduce reliance on Uranium imports. 

In 2020, Congress established a strategic Uranium reserve, a stockpile of domestically produced Uranium that serves as backup supply for U.S. nuclear power plants and incentivizes domestic Uranium production.

The Department of Energy awarded the first U3O8 supply contracts for the reserve at the end of 2022, including one to Energy Fuels (UUUU, NYSE; EFR, TSX) which operates America’s only conventional uranium mill near Blanding, Utah.  

American public sentiment and government support for nuclear power have shifted dramatically since Russia’s invasion of Ukraine in 2022.

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Uranium – The Utah Advantage

The Uranium boom of the 1950’s led to hundreds of mines in Utah and turned Salt Lake City into the “Wall Street of Uranium”.  

Today, Uranium mining is once again on the upswing led by powerhouse Energy Fuels (NYSE: UUUU; TSX: EFR) which has produced two-thirds of all U.S. Uranium the past several years and posted record 2023 net income of $99.76 million (U.S.).

With a legacy of Uranium mining, Utah provides a clear and supportive framework for the industry, including permits for exploration and extraction.  

Energy Fuels has commenced an ore-buying program from third party miners to help fill capacity at White Mesa.

Sassy's Utah "Game-Changer"

Sassy’s recent move into the U.S. Uranium sector is winning favor with investors in the early going with the stock already trading at 6-month highs on the CSE (SASY) and the OTCQB (SSYRF).  

Sassy is moving toward a definitive agreement to acquire the following (refer to April 5, 2024, news release):

Pounds In The Ground: 15 known Uranium deposits including 14 past producers in Utah and Colorado.

Utah Game-Changer: Sassy consolidates the prolific Lisbon Valley by securing two-thirds of this 16-mile long district which accounted for 78 million pounds of state’s historical U308 production between 1948 and 1988 (9% of total U.S. production during that period) and currently features robust new discovery potential in the Cutler Formation. (Source: Chenoweth, 2006, Utah Geological Publication 32).

Near-Term Production Path: Independence Mine in Utah is permitted for small-scale underground extraction and surface disturbance.

Sassy Secures Most of Prolific Past Producing Lisbon Valley District With Robust New Discovery Potential In Cutler Formation

Qualified Person 
The technical information on this website has been reviewed and approved by Mr. Ian Fraser, P. Geo. Mr. Fraser is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.