European Uranium: Advancing Towards Feasibility

European Uranium (EUU.V or EUUNF) stands out in the junior uranium space as it owns the high grade uranium Kuriskova deposit in Slovakia that is at the advanced Feasibility stage.  Europe only has one uranium mine currently in production.  This project could be the next major uranium producer for the European Continent and is expected to come into production at the end of this decade.  

 

It is one of the highest grade advanced projects outside of the Athabasca Basin.  The company published a pre-feasibility study that demonstrated the Kuriskova Project could be one of the lowest cost uranium producers.  Unlike so many other juniors, European Uranium's project is at the advanced Bankable Feasibility stage.  

 

The deposit is located in Slovakia where over 60% of its power comes from nuclear, yet the country has no domestic supply.  This project could fill Slovakia's increasing uranium demand and even export a surplus to neighboring countries.  Europe is the largest per capita user of nuclear power.  

 

The company made a major milestone in 2012 by signing a memorandum of understanding with the Slovakian Government.  This agreement recognizes Kuriskova as a strategic asset that could provide the country with its own domestic uranium supply.

 

European Uranium is advancing toward publishing a bankable feasibility study on Kuriskova.  The company is continuing to build local and federal support with the Slovakian Government.  

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Disclosure: Jeb Handwerger is a shareholder of European Uranium and they are a sponsor on my website.