Nuclear - Combating Climate Change

Carbon Free Baseload Power

  • − Global importance of decarbonisation and electrification

  • − Both require carbon free nuclear power to achieve stated goals

  • − Nuclear is central to the clean energy transition

  • − Nuclear provides reliable baseload power

  • − The world requires an increasing supply of uranium

Supply Side Constraints

Uranium Shortage

  • − Uranium supply shortage

  • − Supply chain uncertainty (yellowcake, conversion and enrichment)

  • − Uranium demand set to grow as nuclear plant lives extended across the globe

  • − Uranium price must rise significantly to incentivise uranium production

442 Reactors in Operation

< Production >

Mlbs U3O8

2021 Primary Production

<Demand

54 Reactors under Construction

Source: World Nuclear Association

>

321 Reactors

Proposed

Investment Highlights

The Company has been solely operating in the uranium industry for 16 years

Namibian and Australian tenement holdings with significant uranium exploration results achieved and substantial upside for exploration success

81 Mlb U3O8 resource at Marenica and Koppies Uranium Projects, Namibia

48 Mlb U3O8 resources in Australia

U-pgrade™ beneficiation process demonstrated to reduce capital and operating cost at the Marenica and Angela Projects

Experienced team with a proven track record in exploration and development of mining projects, over 50 years experience in uranium

Uranium enables production of baseload carbon free nuclear energy

Namibia

  • − Namibia is a Tier 1 Uranium jurisdiction; 4th largest producer & 5th largest resources in the world

  • − Namibia has an established uranium mining industry operating for 46 years

  • − 61 Mlb U3O8 resource at Marenica Uranium Project, beneficiates to ~5,000 ppm U3O8 using U-pgrade™

  • − 20 Mlb U3O8 resource at Koppies Uranium Project

  • − Elevate is holder of the largest tenement area for uranium in Namibia

  • − Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the application of U-pgrade™

    See resource table on slide 17

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Elevate Uranium Ltd. published this content on 05 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2022 09:03:11 UTC.