CEO Update January 2016
Happy New Year 2016
World markets seem to be in utter turmoil and 2015 unleashed another year long beating on commodities investors that was completely undeserved, but the nuclear sector is alive and well. Dare I say uranium is in the midst of a “Stealth Bull.” Click on this link http://www.world-nuclear-news.org/sectionhub.aspx?fid=798 to read about how the world’s densely populated nations with a desire to grow their industrial base are augmenting their power generation needs by building nuclear power reactors – the major consumer of nuclear fuel and thus uranium.
Nations such as China, Russia, India, Bangladesh, Turkey, Korea, Jordan, South Africa and even the United Kingdom continue to advance their nuclear energy programs and increase demand for U3O8, while the global commodities bear is forcing uranium companies to slash exploration budgets, defer mine project development and expansion, and shut down uranium production. What a perfect storm to create opportunity for investors in this sector.
Last year, Kivalliq expanded the Company’s project portfolio with the acquisition of Hatchet Lake http://kivalliqenergy.com/news/2015/index.php?&content_id=284 in Saskatchewan and continued our track record of exploration success at Angilak with the drilling discovery of a new mineralized zone at “Dipole” http://kivalliqenergy.com/news/2015/index.php?&content_id=313 .
In 2016, Kivalliq emerges from the 5 year market meltdown in the commodities space as one of the few global uranium exploration companies that made a host of new discoveries while delineating a highly valuable, rare, defined mineral deposit. In addition to the exciting Dipole discovery made this summer, the “Lac 50” uranium resource is also surrounded by multiple zones successfully identified by drilling at the Angilak Property in Nunavut. Kivalliq’s board of directors and management team remain focused on adding value for shareholders through exploration and project acquisition.
I wish all Kivalliq stakeholders much happiness, health and investing success in the year ahead, and sincerely thank you for your consistent support.
All the best
Jim Paterson, CEO and director