Premier American Uranium Files Technical Report for Cebolleta Uranium Project

Core Viewpoint - Premier American Uranium Inc. has filed a Technical Report that includes a Preliminary Economic Assessment (PEA) and an updated Mineral Resource Estimate (MRE) for the Cebolleta Uranium Project, indicating potential for a low-CAPEX, long-life uranium operation with strong baseline economics and enhancement opportunities [1][2]. Group 1: Technical Report and Economic Assessment - The Technical Report was prepared by SLR International Corporation, adhering to NI 43-101 standards, and is available on SEDAR+ [2]. - The PEA suggests an average annual production of approximately 1.4 million pounds U₃O₈, with total production of 18.1 million pounds over a 13-year mine life [6]. - After-tax NPV (8%) is estimated at US$83.9 million, with an IRR of 17.7% and life-of-mine free cash flow of US$287 million [6]. - Direct CAPEX is projected at US$64.2 million, with average operating costs of US$41.60 per pound U₃O₈ recovered [6]. Group 2: Sensitivity and Upside Potential - The project shows sensitivity to uranium prices, with NPV increasing to US$154 million at US$100/lb, US$325 million at US$125/lb, and US$488 million at US$150/lb [6]. - Improved metallurgical recoveries could enhance project economics significantly, potentially increasing the base case after-tax NPV by approximately 90% to US$159 million with a 90% recovery rate [6]. Group 3: Mineral Resource Estimate - The updated MRE indicates an indicated resource of 20.3 million pounds eU₃O₈, a 9% increase from the previous report, and an inferred resource of 7.0 million pounds eU₃O₈, representing a 43% increase [6]. Group 4: Project Location and Strategic Importance - The Cebolleta Uranium Project is located in New Mexico, a premier uranium district in the U.S., providing strategic advantages such as proximity to utilities and existing processing facilities [8]. - Premier American Uranium is focused on consolidating and developing uranium projects across the U.S. to enhance domestic energy security and support the transition to clean energy [12].