- New Mexico-based Verdera Energy (TSXV:V) has hit the public market, offering investors prime exposure to one of the world’s largest uranium districts
- Verdera’s flagship Crownpoint-Hosta Butte project hosts more than 88 million pounds of U3O8 in compliant and historical resources
- The junior mining stock tracks a total project portfolio with more than US$12 billion in uranium in the ground
Verdera Energy (TSXV:V) makes its debut as a public company, offering investors prime exposure to one of the world’s largest uranium districts.
The company is focused on bolstering the US clean energy supply chain through the development of more than 400 square miles of mineral rights in New Mexico. The portfolio boasts resources in the ground, both compliant and historical, across numerous deposits with expansion potential in the state’s Grants Uranium District, which is the largest in the US and one of the largest in the world, accounting for ~350 million pounds or almost 40 per cent of mined uranium in the US since production began in 1948.
Backed by New Mexico’s largest privately held and proprietary database, a leadership team with experience across the mining lifecycle, and strategic shareholder enCore Energy (TSXV:EU), Verdera is actively advancing its flagship 3,020-acre Crownpoint-Hosta Butte project towards production, keen to capitalize on the project’s more than 88 million pounds of U3O8 in compliant and historical resources.
The company rounds off its portfolio with a robust selection of historical resources to harvest exploration upside, including:
- The Nose Rock project, which boasts more than 24 million pounds of U3O8 measured and indicated.
- The West Largo project, with 17 million pounds measured and indicated.
- Ambrosia Lake, with more than 5.6 million pounds.
- Tree Lake, with 1.5 million pounds.
At the current uranium price of US$88.90 per pound, Verdera’s portfolio represents more than US$12 billion in uranium in the ground, setting high expectations as leadership vies to verify historical estimates and convert them to compliant mineral resources.
Janet Lee-Sheriff, chief executive officer of Verdera Energy, summed up the moment in Tuesday’s news release, stating that “Verdera is honored to be listed on the TSXV, the premier mining exchange. Our listing marks a milestone for Verdera and we are grateful for the support of our shareholders and our team that worked to make this step a reality.”
Join the discussion: Find out what investors are saying about this junior uranium stock on the Verdera Energy Corp. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
For full disclaimer information, please click here.
