A Proven Model and Project in a Uranium Bull Market
Radio Fuel’s flagship property is its 100-percent owned Eco Ridge Project located in Elliot Lake, where more than 300 million pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines from 1956 to 1996.
Company Overview
Proven model & project in a uranium cycle
Consolidation and hold is an upheld strategy throughout previous bull markets, providing massive returns to investors
Proven management team
Founded by the same teams behind New Found Gold Corp. (TSXV:NFG, NFGC) and Nevada King Gold Corp. (TSX-V:NKG)
Upside to rare earths
Unparalleled leverage to rare earths, with roughly 50% of the uranium resource comprising of rare earth metals
Minimal Holding Costs
Eco Ridge Project has minimal holding costs into the 2030s due to past work completed
Nuclear is ideal for dealing with climate change, because it is the only carbon-free, scalable energy source that’s available 24 hours a day.
I think modern nuclear power plants are safe contrary to what people may think.
Uranium Macro Outlook
Global Demand For Electricity to Grow 76% by 2030
Uranium miners have all curtailed production creating a significant supply/demand deficit
Long-term contracts that were negotiated in the previous cycle are now expiring resulting in utility companies now needing to renegotiate at normalized pricing
Increasing acceptance as an ESG investment and an important source of clean-energy
Continuing low prices have halted the development of new mines causing a lack of replacement supply as older mines come offline
USA
US electricity generated from nuclear power:
World
Worldwide electricity generated from nuclear power:
Reactors
Reactors in number:
Mineral Resource Estimate August 19, 2021
| Classification | Tonnes | U3O8 | Total REO | U3O8 Equivalent | |||
|---|---|---|---|---|---|---|---|
| (000 t) | (%) | (000 lbs) | (ppm) | (000 lbs) | (%) | (000 lbs) | |
| Indicated | 22,306 | 0.045 | 22,290 | 1,613 | 79,314 | 0.081 | 39,920 |
| Inferred | 36,955 | 0.046 | 37,728 | 1,560 | 127,101 | 0.082 | 67,208 |
300+ million pounds of uranium oxide mined.
Radio Fuel’s flagship property is its 100-percent owned Eco Ridge Project located in Elliot Lake, where more than 300 million pounds of uranium oxide were mined from conglomerate beds by Rio Algom and Denison Mines from 1956 to 1996.
371 Crown Cell Claims and 4 Mining Leases.
Property consists of 371 Crown Cell Claims and 4 Mining Leases covering a surface area of ~7,800 hectares.
107 historic drill holes drilled between 1953-1974.
107 historic drill holes drilled (~29,000m total) between 1953-1974. Previous owner, Pele Mountain Resources Inc., drilled 232 drill holes (44,000m total) between 2007-2011.
Good standing until the 2030s.
Work carried out by previous owners has accumulated work credits to maintain the Crown Claims in good standing into the 2030s.
Uranium and REE mineralization outcrops.
Uranium and REE mineralization outcrops on surface over a 5-kilometer strike length.
238 Pele Mountain & historic drill holes (44,000m total).
Updated Mineral Resource estimate based on 238 Pele Mountain & historic drill holes (44,000m total). Drilling outlined a resource to a depth of 1,000m along a strike length of 4,000m.
Legend
- Eco Ridge Project
- Eco Ridge Expansion Project
- NI 43-101 Compliant Resource
- Major Faults
Eco Ridge Expansion
Sault Ste. Marie
Mining Division
The Eco Ridge Expansion Property is located in the Sault Ste. Marie Mining Division of Ontario in Joubin and Gunterman townships.
400 Hectares
Comprises 25 contiguous patented mining claims covering approximately 400 hectares.
9,744,000 lbs of
contained U3O8
Diamond drilling from 1953-54 by Abeta Mining Corp., and again in 1977 by Lac Minerals outlined a deposit with reported historic reserves of 12,992,000 tons with an average diluted grade of 0.75 lbs U3O8 per ton for approximately 9,744,000 lbs of contained U3O8 (Robertson, 1977).
Historical Resource Estimate* 1977
| Classification | Tonnes | U3O8 | |
|---|---|---|---|
| (000 t) | (lbs U3O8 ) | (000 lbs) | |
| Historical | 12,992 | 0.75 | 9,744 |
Proven Asset In Uranium Cycle
Eco Ridge's Value and its Relationship to the Price of Uranium
Eco Ridge Resource & Valuation
Compared to its peers, Radio Fuels' Eco Ridge asset provides significant upside when compared to other projects on a $/lb basis.
Management & Directors
Meet The Team
Collin Kettell
Founder
Mr. Kettell is the founder of New Found Gold Corp. (NYSE:NFGC), Palisades Goldcorp Ltd. (TSX-V:PALI), Nevada King GoldCorp. (TSX-V:NKG), and Made in America Gold Corp. As an active participant in the resource sector and a company builder, he has raised over $500-million for mineral exploration and project development.
Mr. Kettell’s approach combines hands-on leadership with a long-term focus on discovering mineral deposits in North America. He’s recognized for his ability to navigate capital markets, secure financing, and assemble skilled teams.
Dr. Amit Tripathi
Head Geologist
Founder and Director of AI Resource Exploration. Specialist in deciphering structural controls of mineralization.
30+ years in exploration senior management and led major discoveries of Gold, Copper, Uranium, Iron Ore, Tin-COLTAN, and Nickel worldwide. Inventor of the AI-backed CAGE-IN technology for data integration, query, and interpretation for rapid drill targeting. PhD Structural Geology. Over 10 years of experience in exploration, mine operations, and capital markets.
Philip O'Neill
Director
Experienced mining executive and corporate director.
President and founder of MP1 Capital.
Founder, CEO, and director of TSX-listed Sunward Resources before acquisition by Trilogy Metals.
Former director of several TSX, TSX Venture, and ASX-listed companies.
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