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Market happy to wait on Alligator as ‘milestone’ recovery plant install gets underway at Samphire
The Market Online· 2025-11-03 23:48
Core Insights - Alligator Energy has initiated the installation of its in-situ recovery pilot plant at the Samphire Uranium Project, moving closer to a Field Recovery Trial on-site [1][3] - The company has completed earthmoving and bund installation, and has also finished drilling recovery well patterns in areas A and B [2][3] - Alligator Energy positions itself as one of the few uranium developers in Australia advancing towards near-term production [3] Company Developments - The pilot plant's arrival and the completion of recovery well patterns are significant milestones for the Samphire project [3] - Alligator Energy's shares remain stable at 2.7 cents, with a market capitalization of $119 million and a turnover of $47,000 on the day of reporting [4] - The company is currently focused on advancing the Samphire project alongside the Definitive Feasibility Study and mining lease approvals [5] Market Context - Despite the positive developments, the ASX market showed little reaction, indicating potential investors may be waiting for further progress [4] - The company emphasizes the unique opportunity presented by the Samphire project to deliver a low-cost, low-impact ISR uranium operation amid rising global demand for clean energy [5]
Canadian North Resources Inc. Reports Operational and Financial Results for the Second Quarter Ended June 30, 2025
Globenewswire· 2025-08-20 22:52
Core Viewpoint - Canadian North Resources Inc. reported significant advancements in its bio-leaching tests aimed at enhancing the recovery of nickel, cobalt, copper, and PGE from the Ferguson Lake Project, indicating a potential for a low-cost, low-carbon mining operation [2][3][4]. Operational Highlights - The company expanded its bio-metallurgical programs, achieving nickel extraction rates of 97.86-98.5% and cobalt extraction rates of 96.9-97.7%, with ongoing efforts to achieve high recoveries of copper and PGE [4][5]. - The company is actively engaging with local governments and Indigenous communities to secure necessary permissions and permits for environmental baseline studies [5][6]. Financial Performance - For the quarter ended June 30, 2025, the company reported cash and cash equivalents of $143,233 and a net loss of $292,890, equating to $0.00 per share [7]. Project Development - The Ferguson Lake Project is recognized as one of the largest and highest-grade copper-nickel-cobalt-PGE deposits in North America, with a substantial mineral resource estimate [6][10]. - The project contains Indicated Mineral Resources of 66.1 million tonnes, including 1,093 million pounds of copper, 678 million pounds of nickel, and 79.3 million pounds of cobalt, among other valuable metals [10]. Strategic Initiatives - The company has initiated a Normal Course Issuer Bid, repurchasing 202,300 common shares at an average price of $0.98 per share, reflecting management's commitment to enhancing shareholder value [6][11].