QBie™ Spotlight: Plateau Uranium Inc. (OTCQB: PLUUF)
QBie™ Spotlight: Plateau Uranium Inc. (OTCQB: PLUUF)
QBie™ Spotlight joins Ted O’Connor, CEO & Director of Plateau Uranium Inc. (OTCQB: PLUUF; TSX-V: PLU), to discuss one of the OTCQB’s newest additions. PLUUF joined the OTCQB on September 29, 2017.
What does Plateau Uranium do?
Ted O’Connor (CEO & Director- OTCQB: PLUUF): “Plateau Uranium is a uranium and lithium exploration and development company focused on the Macusani Plateau region of southeastern Peru. We control 95% of the prospective ground in this emerging uranium-lithium district. We also control all know uranium and lithium resources identified in Peru, and both U and Li resources are capable of growing substantially through new discovery.”
What is the next big goal PLUUF is trying to accomplish/what should we keep an eye out for?
Ted O’Connor: “Even though we have a substantial resource base of over 124 million pounds U3O8 and 176,000 t Li2O of resources already identified on our projects, we have just announced a new discovery called Falchani, in a previously untested area of our large, contiguous 910 km2 exploration land holdings. At Falchani, we have found thick uranium mineralization right from surface with grades 2 times higher than our existing uranium deposits. Underlying the uranium deposits, we have discovered very high-grade lithium mineralization over 6 times the grade of our existing deposits in rocks we have never encountered in our previous 12 years of work at Macusani. Discoveries are always exciting times, so expect to see positive results as we continuing to drill on the Falchani discovery. We are also starting to do trial processing work on this new high-grade material, which should improve our already robust uranium process studies from our 2016 Preliminary Economic Assessment, which had cash costs of $17.28 per lb U3O8 produced in a uranium-only scenario. Our lithium work is showing that Li co-production will add value, and the high-grade material will enhance this even further.”
Why did you join the OTCQB/go public?
Ted O’Connor: “We were wanting to focus on expanding from our primarily Canadian shareholder base into the US market and make it easier for existing and new US-based shareholders to trade Plateau Uranium stock. Nuclear is responsible for approximately 20% of US electricity generation, yet imports 90% of its uranium requirements. US investors interested in reliable, clean, base load power generation should really support nuclear. Uranium demand and prices are getting stronger, and the renewable energy and electric vehicle battery storage market is growing stronger every day. We are at the extreme front end of the nuclear fuel cycle, with lithium co-production potential, ticking both boxes at the same time. We are also developing our projects in the mining-friendly jurisdiction of Peru – the best place for mining investment in Latin America.”
How can members of the microcap community help you?
Ted O’Connor: “I feel that savvy microcap investors should do some due diligence on Plateau Uranium and they will undoubtedly see the dual value proposition we offer – and how tremendously undervalued the Company is at present. Compared to our peers in uranium, we are “cheap” – and I would point out that we have lowest quartile potential uranium production costs – it is not about grade, it is about economics and size. Relative to lithium – we are not getting any real value for our existing lithium resources, and our new discovery is shaping up to be large with much higher grades than previously known from the area, which positions us for all manner of growth, including shareholder returns.”
Learn more at plateauuranium.com or contact Ted O’Connor via email at: ted@plateauuranium.com
QBie™ Spotlight is a virtual “welcome interview” for new OTCQB companies. QBie™ Spotlight helps issuers that are new to the OTCQB connect with microcap industry professionals! Learn more about the QBie™ Spotlight HERE.
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