49/97
  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Chris Frostad, President and CEO,

PUREPOINT URANIUM GROUP

"Now that more funding is available to the uranium sector we can expand our work across our ten 100% owned projects where early discoveries have already been made."

How are uranium prices impacting Purepoint’s core targets?

For the first time in a number of years, uranium prices have started to move in earnest towards levels that will allow for new uranium production, bringing significant capital into the sector. In recent years, Purepoint has focused on our Hook Lake Joint Venture while preserving our portfolio of 100% owned projects. Located within the Patterson Uranium District, the Hook Lake project is jointly owned by Cameco Corporation (39.5%), Orano Canada (39.5%), and ourselves (21%) who have been the operator since 2007. The project lies adjacent to Fission Uranium’s Triple R and NexGen’s Arrow discoveries, which have come in so far at over 350 million pounds of U3O8. Now that more funding is available to the uranium sector we can expand our work across our ten 100% owned projects where early discoveries have already been made.

As we now aggressively advance our entire portfolio, Purepoint will be raising capital on an ongoing basis as we see markets improving. The company has raised C$7 million over the past 12 month. Advancing exploration projects to discovery is expensive, but we feel that our significant land package and mature prospects will allow for continued support from our investors.

What role can uranium play in the green energy revolution?

Ten years ago, anything related to nuclear safety was seen as a global danger. Today, however, carbon has become the dominant danger, with nuclear power and uranium fuel being heralded as major components of a green strategy. The use of solar and wind energy will continue to grow and fill gaps, but nuclear and uranium will play a large role in terms of replacing carbon fuels and serving an ever-growing need for energy around the planet. With a significant amount of smaller modular reactors (SMRs) now coming into proper commercial production, it will add a new level of demand that did not exist ten years ago. Electricity demand globally will continue to rise at a strong pace, and I believe that nuclear will maintain its share of this power source.

Where is the demand for uranium coming from?

A fairly significant portion of Canada’s electricity is provided by nuclear power, in Ontario more so than other provinces. Globally, 25% of the reactor fleet is located in the US, with the challenge being that they do not have an adequate source of domestic uranium and thus import from Canada, Australia or Kazakhstan.

Can you elaborate on Purepoint’s team and the challenges faced with regards to skilled labor shortages across the mining sector?

Purepoint has a highly qualified leadership team with decades of experience in uranium exploration. We have a small internal team which is focused on the technical aspects but are able to cover a lot of ground by outsourcing much of the field activities. With the recent availability of funds, it has gotten very busy in the field resulting in challenges in securing services right across the board in areas such as drills, drilling crews, helicopters and geologists. Fortunately, Purepoint has longstanding relationships with many service providers and we have been able to navigate shortage challenges fairly easily. There have been delays in permitting as we are dealing with communities in a more structured manner, but again we were fortunate to come into 2021 with permits already in hand, as is the case for 2022, which will allow us to hit the ground running and keep moving forward.

What are Purepoint’s targets at the Hook Lake deposit moving forward?

We have moved some of our focus at Hook Lake to the Carter Corridor, which is a corridor that only exists within our claim block. This was one of the first areas we drilled and we hit uranium on our first, and only, drill program, but this predated any of the recent discoveries in the area. We now have a much deeper understanding of the geological setting and how uranium deposits were most likely formed in the region. We will continue exploring this shallow area which has the indicators and size more than capable to host a tier 1 deposit.

Next:

Interview: ALX Resources