Latitude Uranium Inc (CSE:LUR, OTCQB:LURAF) CEO John Jentz discusses the company's focus on uranium exploration in an interview with Proactive's Stephen Gunnion.
The company holds two properties: the recently acquired Angilak property in Nunavut and the Central Mineral Belt (CMB) project in Labrador. It recently changed its name from Labrador Uranium to Latitude Uranium to reflect its presence in both regions.
Jentz said the Angilak property shows promise with historical resources of 43 million pounds at high-grade levels, positioning it among the top projects globally. The CMB project in Labrador, while lower in grade, presents significant potential due to its larger size.
Jentz emphasized the importance of good economics and grade to operate successfully in the sub-arctic regions.
He said he is optimistic about the prospects for the uranium market, believing it is in a long-term bull cycle due to the need for baseload power in a world transitioning away from fossil fuels.
As the company works towards its goal of expanding resources and contributing to the uranium market's demand, it aims to position itself as a significant player in the energy transition landscape.