(TheNewswire)
TheNewswire - June 18, 2023 - Kiplin Metals Inc. - (TSX-V:KIP) (the “ Company ” or“ Kiplin ”) would like to provide its outlook on thesignificant price increase observed in the uranium market. The spotprice of U3O8 uranium has surged more than 120% since the beginning of2020.
The Company acknowledges the positive impact of this price upturn,which reflects the growing global demand for clean and sustainableenergy sources. As the international community focuses ontransitioning towards a low-carbon future, nuclear energy remainspivotal in meeting the world’s increasing energy needs whilereducing greenhouse gas emissions. This renewed interest in nuclearpower has spurred a strong demand for uranium.
Kiplin believes that the recent surge in uraniumprices indicates favourable market conditions and affirms thepotential and importance of the uranium sector. As a companyspecializing in uranium exploration, this trend bolsters ourconfidence and highlights the attractiveness of our Cluff Lake Road (CLR) uranium project in Saskatchewan.
The Company's exploration efforts in the Athabasca Basin have beenguided by the understanding that uranium is vital to the world's cleanenergy future. The recent price surge reinforces our conviction in thelong-term prospects of the uranium market and strengthens ourcommitment to advancing our Cluff Lake Road anddelivering value to our shareholders.
Dr. Peter Born, Director of Kiplin , commented, "Thesubstantial increase in the price of uranium demonstrates the growingrecognition of nuclear power as a key solution for achievingsustainable energy goals. At Kiplin , we arewell-positioned to capitalize on this positive market sentiment. Wewill continue our diligent exploration efforts, leveraging the risinguranium price to maximize the value of our assets and contribute tothe global clean energy transition."
Kiplin remains focused on advancing the Cluff Lake Road project andis committed to responsible exploration and development practices. TheCompany is committed to upholding the highest environmental and socialstandards as it contributes to the growth and sustainability of theuranium industry.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineralexploration company. We create value for our shareholders byidentifying and developing highly prospective mineral explorationopportunities. Our strategy is to advance our projects from discoveryo production, allowing Kiplin to achieveexceptional shareholder value through the entire life-cycle of mining.
CluffLake Road Uranium Project. Kiplin has the right to earn a one-hundred percentinterest in the Cluff Lake Road Uranium Project (the“CLR Project”) . The CLR Project covers ~531 ha in thesouthwestern Athabasca Basin in northern Saskatchewan, where severalnew discoveries have been made, including the Arrow and Triple RUranium deposits. The CLR Project is 5 km east of the Cluff Lake Road(Hwy 955), which leads to the historic Cluff Lake Mine, whichhistorically produced approximately 62,000,000 lbs of yellowcakeuranium.
For further information, contact the Company at info@kiplinmetals.com or 604-622-1199 or visit the Company’s website at www.kiplinmetals.com .
On behalf of the Board,
“Peter Born”
Director
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
This news release may include forward-lookingstatements that are subject to risks and uncertainties. All statementswithin, other than statements of historical fact, are to be consideredforward looking. Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those inforward-looking statements. There can be no assurances that suchstatements will prove accurate and, therefore, readers are advised torely on their own evaluation of such uncertainties. We do not assumeany obligation to update any forward-looking statements except asrequired under the applicable laws.
CONTACT:
Alex Zertuche
alexz@mrkt360.com
For E.S.T Office Hours, Call 1416-477-0587
Copyright (c) 2023 TheNewswire - All rights reserved.