ENRG Elements
Primary ticker: ASX:EEL
Stage of development: Exploration
Primary minerals: Uranium, Copper & Lithium
Project to promote: Agadez Uranium Project, Lamont Lake Uranium Project
Project location: Niger, Canada
Website: enrg-elements.com
Corporate presentation: Click here
ENRG Elements Ltd is an ASX-listed company focused on critical minerals. Its flagship project, the Agadez Uranium Project, is located in Niger’s Tim Mersoi Basin, a major global uranium producer. The project contains an Inferred Mineral Resource of 31.1Mt at 315ppm for 21.5Mlbs U3O8 (at 175ppm cut-off), from surface to 37m depth.
ENRG Elements recently acquired the Lamont Lake Uranium Project in Saskatchewan Canada, in a high prospective uranium province and a favourable operating jurisdiction. Additionally, the Company holds interests in copper projects in Botswana’s world-class Kalahari Copper Belt.
ENRG Elements is committed to supporting clean energy and decarbonization.
Cash: AUD 2.7M
Debt: NIL
Major shareholders:
MR BIN LIU – 8.22%
ROOKHARP CAPITAL PTY LIMITED – 4.66%
ENDEAVOUR FINANCIAL – 3.71%
MAHE INVESTMENTS PTY LTD – 3.11%
EDENTOWER PTY LTD – 3.11%
Management ownership – ~3%
Financials
Management Profile
Caroline Keats – Managing Director
Caroline Keats is a seasoned executive with twenty years of corporate experience working in the mining sector. She has held senior management and executive roles in listed mining companies throughout the development cycle, with a strong background in operations, financing, and off-take. Ms. Keats’ career includes positions at MRX Technologies (a Siemens business), Paladin Energy Ltd, Mawson West Ltd, and Tiger Resources Ltd, where she served as Managing Director. With extensive experience in operational environments and a strong focus on Africa, she brings invaluable knowledge in navigating complex international mining operations and fostering effective relationships with foreign governments.
What is your rationale for taking part in 121 Mining Investment?
ENRG Elements has recently secured renewals for its Agadez Uranium Project, marking a significant milestone for its Niger assets and highlighting continued support from the Niger Government. Following this, the Company announced outstanding trenching results, including assays of 4.19%, 4.68%, and 5.84%. Additionally, ENRG Elements completed the acquisition of the Lamont Lake Uranium Project in Saskatchewan, Canada.
The Company is eager to showcase these assets to the investment community and seeks investors with an appetite for junior explorers, with African assets and an understanding of uranium’s role in the energy transition.
What recent news would you like to highlight to investors attending?
• 28 August 2024 – Completion of the Acquisition of the Lamont Lake
• 16 October 2024 – Agadez Uranium Project Exploration Permits Renewed
• 22 October 2024 – Outstanding Assay Results from Agadez Trenching Program
What are your key goals for the next 3, 6 and 12 months?
3 Months:
A field program in Niger
6 Months:
A field program in Saskatchewan
12 Months:
A drilling program in Niger
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The Company’s Agadez Uranium Project is located in Niger, a country currently experiencing heightened geopolitical risks following a government coup in mid-2023.
• ENRG Elements continues to maintain a strong relationship with the Niger government, holding regular meetings and advancing work on the ground. The Company’s Managing Director, Board, and technical team all bring significant experience in operating in Africa, reinforcing the Company’s ability to navigate these challenges. The Niger government’s ongoing support for ENRG Elements is demonstrated by the recent renewal of its Project permits for an additional three years, underscoring continued confidence in the Company’s operations in the region.
As an exploration company, ENRG Elements relies on raising capital through equity markets. The junior sector has faced challenges in securing funding over the past couple of years due to market volatility and investor caution.
• The Company is focused on building strong relationships with investors, exploring strategic opportunities, and maintaining transparent communication. Additionally, ENRG Elements takes a disciplined approach to financial management, ensuring that funds are used efficiently and effectively to support project advancement and growth.
What do you think makes your company such a compelling investment?
• Undervalued Share Price with Significant Upside: Given the low share price, ENRG Elements presents a unique opportunity for investors to gain exposure to a promising uranium asset at a fraction of its potential value.
• Significant Resource with Exploration Upside: The Agadez Uranium Project contains a shallow Inferred Mineral Resource of 31.1Mt at 315ppm for 21.5Mlbs U3O8 (at a 175ppm cut-off), from surface to 37m depth. The deposit remains open in multiple directions and at depth, offering significant opportunities for Resource expansion as exploration advances.
• Opportunity for Increased Grade: Niger is renowned for hosting some of the highest uranium grades in Africa, underscoring the potential for upgrading the Resource grade at the Agadez Uranium Project. Exploration has uncovered higher-grade mineralization at the base of the Mousseden Formation, typically within 60m of the surface, offering an exciting opportunity to increase the Resource grade near-surface beyond the current 315ppm.
• Strategic Acquisition – ENRG Elements’ acquisition of the Lamont Lake Uranium Project expands its footprint in a stable and mining-friendly jurisdiction. The Project remains underexplored, with significant upside potential. Historical exploration results indicate promising uranium mineralization, with the Company focused on unlocking value.
• Diversified Risk: Adding the Lamont Lake Uranium Project to ENRG Elements’ portfolio provides exposure to the high-growth uranium sector in Canada, complementing the Company’s operations in Niger, and spreads the geographical and operational risk.
• Clean Energy Exposure: As uranium continues to play a critical role in the clean energy transition, ENRG Elements is well-positioned to benefit from the growing global demand for nuclear energy.
What are the top 3 key investor takeaways?
1. The Agadez Uranium Project offers considerable exploration upside, with a solid Resource base and potential for expansion and higher grades as exploration advances. Combined with the recently acquired Lamont Lake Uranium Project in Canada, ENRG Elements presents a compelling investment opportunity. The current share price allows investors to gain exposure to these high-potential assets at a fraction of their intrinsic value.
2. Despite geopolitical challenges in Niger, ENRG Elements maintains a strong relationship with the government, demonstrated by the recent renewal of Project permits for another three years, reflecting continued confidence in the Company’s operations.
3. ENRG Elements is led by an experienced Managing Director, Board, and technical team with a deep knowledge of operating in Africa and other foreign jurisdictions. Their expertise allows the Company to effectively manage risks and drive exploration efforts. The team is also focused and cost-conscious, ensuring that work is conducted efficiently while maximizing value and minimizing expenses.