Issue link: http://resourceworld.uberflip.com/i/460990
16 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 5 TSX.V: AEX www.alpha-aex.com | toll free: 1-866-629-8368 | info@alpha-aex.com "The AEX management team is building on the success and hands-on experience gained at the Roughrider discovery of Hathor Exploration and the Patterson Lake South (PLS) discovery of Alpha Minerals in order to build shareholder value at Alpha Exploration." – Dr. Michael H. Gunning, President & CEO, Alpha Exploration Inc. n PROVEN, Award Winning LEADERSHIP with a track record of SUCCESS n Tight Share Structure, Strong Capital Structure n Well-funded n Actively Exploring – NOW DRILLING n Operating in world's premier uranium district with a long and proven history of high-grade uranium discoveries and production – SASKATCHEWAN Alpha is a mineral exploration company focused on uranium in the Athabasca Basin in northern Saskatchewan, Canada. Alpha continually and proactively reviews opportunities for new properties, whether by staking, joint venture or acquisition. Please visit Alpha's website for any additional information on our management, properties, technical reports, latest news and stock information. tors will need to source long term contract supply well before this date to guarantee operation. The fundamentals for uranium are strong indeed. As I reported in Resource World's last uranium feature, uranium companies continue to explore the Athabasca Basin. The fundamentals for uranium cannot be ignored. I spoke to Peter G. Dasler, P.Geo., President and CEO of canalaska Uranium ltd. [CVV-TSXV; CVVUF- OTCQB; DH7N-FSE], and asked him his thoughts on the uranium markets and the future of the Athabasca Basin. URANIUM PRICES Dasler maintains that the recent increase in the spot uranium prices can be attrib- uted to Japan getting the approval to slowly bring its reactors back online. He said, "There was a big concern in the mar- ket place that they wouldn't get approval which would result in an overhang of sup- ply on the market. It appears that that is not going to happen. It looks like Japan is going to keep the supplies it currently has. There was a concern that if Japan's reac- tors didn't go back on line there was going to be a glut of uranium on the market and that concern is being slowly alleviated." Dasler pointed to analysts predicting that, by 2020, there is going to be a big supply shortfall. Because of that, Dasler said, "Analysts believe we are going to see uranium prices beginning to climb this year." Raymond James came out with a report on December 2 calling for ura- nium prices to hit around US $70/lb on a spot term price in about three years… If that is the case, Dasler said, "then ura- nium should be quite profitable for a lot Athabasca uranium companies." Uranium is currently trading at US $35.25/lb up from a 2014 low of about US $28.00/lb. GRADE IS KING Dasler said the two dozen or so known uranium deposits within the Athabasca Basin have average grades of more than 3% U 3 O 8 . The two largest deposits, Cigar Lake and McArthur River, have average grades of 20% and 24% U 3 O 8 respectively. "We have these giant mines in Athabasca w w w . Te r r a L o g i c E x p l o r a t i o n . c o m 7 7 8 . 5 2 0 . 2 0 0 0 Geochemical surveys Geological mapping & prospecting Drill programs Camp Construction & Management Data Management Custom GIS solutions Cartography Cartography D R I V E N B Y D I S C O V E R Y To find what's there, and evaluate what's been found Carl Schulze, PGeo ph (867) 633-4807 allterrane@northwestel.net 35 Dawson Rd. Whitehorse, YT Y1A 5T6