Azarga Uranium Corp.

Expert Comments:

Nick Hodge, Early Advantage (1/2/20) "Azarga Uranium Corp. has had the final contention for its Nuclear Regulatory Commission license for its Dewey Burdock project positively resolved. The path is now clear for the construction and/or sale of the project, which is widely known to be the best undeveloped in situ recovery uranium project in the United States; the company is my Top Pick in uranium and a Buy."
	Thibaut Lepouttre, Caesars Report (12/28/19) "Azarga Uranium Corp. continues to work on its flagship Dewey Burdock in situ recovery uranium project in South Dakota and has now published the results of a preliminary economic assessment on the project. . .the economics are acceptable with an after-tax internal rate of return of 50% and a net present value 8% of $147.5M."
Azarga Gets Thumbs Up from Analysts After Favorable Ruling on NRC License (12/23/19) After receiving a favorable ruling on the NRC license, its focus shifts to project economics. read more >
Nick Hodge, Early Advantage (12/19/19) "Big news for Azarga Uranium Corp. over the past week was something we've been expecting: the resolution of the final contention for the company's Nuclear Regulatory Commission license for the Dewey Burdock project. This was the final hurdle Azarga had to jump before it could get its final class III and class V underground injection control permits from the Environmental Protection Agency; those are in the bag."
	David Talbot, Eight Capital (12/13/19) "In a positive move, the Atomic Safety and Licensing Board issued its final decision, resolving the final contention against 100%-owned Dewey Burdock project's Nuclear Regulatory Commission (NRC) license in favor of Azarga Uranium Corp. and NRC staff. This means the company's NRC source and byproduct materials license is in good standing, free and clear of any further contentions."
	Colin Healey, Haywood Securities (12/13/19) "Azarga Uranium Corp. announced that the Atomic Safety & Licensing Board (ASLB) has dismissed the final contention related to the Nuclear Regulatory Commission license issued for its flagship in situ uranium project Dewey Burdock. . .the positive decision from the ASLB is a huge boost for the company and significantly derisks the Dewey Burdock project, opening the way for aggressive advancement including pursuing other required permits for future construction and production."
Company Reports 'Robust PEA' for South Dakota Uranium Project (12/7/19) The report validates the Colorado-based company's strategy. read more >
	David Talbot, Eight Capital (12/6/19) "Azarga Uranium Corp. announced an updated preliminary economic assessment (PEA) and resource estimate for the 100%-owned, world-class Dewey Burdock in situ recovery project. . .there were vast improvements in project economics as compared to the 2015 PEA. The main contributor is the larger resource estimate which was able to add five years to life of mine."
Uranium Firm Divests Kyrgyz Assets to Focus on US (11/14/19) Political uncertainty around uranium mining there and the company's desire to focus solely on its U.S. assets prompted the sale. read more >
South Dakota Uranium Project Receives Revised Draft Permits from EPA (8/29/19) This is a significant development for the Colorado-based explorer. read more >

More Expert Comments

	Colin Healey, Haywood Securities (12/4/19) "Azarga Uranium Corp.'s Dewey Burdock preliminary economic assessment (PEA) effectively integrates a major resource update at Dewey published in November 2018. . .the PEA suggests robust economics for this higher-grade in situ recovery project and confirms our thesis regarding Dewey Burdock's potential to evolve into a lower cost, low capex uranium producing uranium operation in the U.S."
Gerardo del Real, Junior Mining Monthly (11/27/19) "Azarga Uranium Corp announced that its 93.1%-owned subsidiary, UrAsia in Kyrgyzstan Limited Liability Co., has been sold to Central Asian Uranium Co. The sale brings in cash to the treasury and a 93.1% share of a 2% net smelter return on future uranium production; the sale of UrAsia has reduced the company's current liabilities by approximately $335,000."
Capital Cube (10/1/19) "Azarga Uranium Corp. controls uranium properties located in the U.S. and in the Kyrgyz Republic. . .the company's cash balance in the latest filing is $1.28M. . .Azarga has a low burn rate."
Nick Hodge, Early Advantage (8/29/19) "Azarga Uranium Corp. has put out an update on the permitting process for its Dewey Burdock in situ project in South Dakota. The Environmental Protection Agency has issued revised draft permits for the planned class III and class V underground injection control activities. . .the company is a Buy."
Gerardo Del Real, Junior Mining Monthly (7/12/19) "If you don't already own Azarga Uranium Corp., I encourage you to establish a position at this level if you're able to hold through the noise. These prices scream oversold; take advantage of that."
Nick Hodge, Early Advantage (7/11/19) "All our uranium stocks remain Buy rated, including Azarga Uranium Corp. . .an Australian outfit has put out an article saying Trump plans NOT to protect the American uranium sector; this is an unverified report. With or without 232, the uranium market fundamentals point to a strong bull market ahead."
Nick Hodge, Early Advantage (6/27/19) "The Department of Commerce has recommended the White House protect the American uranium mining industry by initially requiring U.S. utilities to get 5% of their reactor requirements from U.S. sources, and that would climb by 5% every year thereafter for an unspecified amount of time. . .that sort of framework would be very positive for U.S. producers and developers like Azarga Uranium Corp."
	Colin Healey, Haywood Securities (6/24/19) "We are initiating coverage of Azarga Uranium Corp. with a target of CA$0.50 per share and a Buy rating. . .the company is a U.S.-based developer poised to benefit from a potential policy shift on domestic uranium production as well as from developments relating to its flagship Dewey Burdock project."
Gerardo del Real, Junior Mining Monthly (5/31/19) "Azarga Uranium Corp. continues to be one of the best speculations in the uranium space. The company has the flagship, high-grade in situ recovery Dewey Burdock project that boasts excellent economics, it is led by a proven management team that has had serial success in the past uranium bull cycle, both developing and monetizing assets, and it also has some highly prospective assets outside of Dewey Burdock. . .Azarga is a Strong Buy at these levels."
Nick Hodge, Early Advantage (5/23/19) "Azarga Uranium Corp. is a cheap buy. You can buy it at CA$0.23 today. . .we continue to erase the days leading up to Trump's 232 deadline of July 14."
Nick Hodge, Early Advantage (5/6/19) "Azarga Uranium Corp. is one U.S. uranium play that is above its buy under price. . .given the current uranium landscape and catalysts coming, now is a good time to raise those buy under prices. . .the company is a Buy under $0.25."
Nick Hodge, Early Advantage (5/2/19) "Azarga Uranium Corp. is moving forward with its Dewey Burdock project. . .the Atomic Safety and Licensing Board has issued an order that allows the U.S. Nuclear Regulatory Commission to set a schedule for a hearing pertaining to the final contention for the project. . .a decision is set to be made on Nov. 29, 2019."
	David Talbot, Eight Capital (4/15/19) "We reaffirm that Azarga Uranium Corp.'s Dewey Burdock is one of the best undeveloped in situ recovery projects in the U.S. Plans are to produce up to 9.7 Mlb over 11 years. . .uranium prices permitting, we could see wellfield deployment as early as 2019."
Gerardo del Real, Junior Mining Monthly (3/31/19) "Azarga Uranium Corp. remains poised for a breakout as we get closer to the Section 232 report due to the president within the next month. . .it's safe to say whatever the administration decides to do, it is likely to have an 'America First' component, which will send shares higher. That recommendation should coincide with the company clearing the last of its permitting hurdles at the flagship Dewey Burdock asset."
Nick Hodge, Early Advantage (3/21/19) "Azarga Uranium Corp. has closed the CA$3M financing. . .it speaks volumes that the company was able to close it so quickly and that the bulk of it was done with institutions. Those institutions paid CA$0.23; you can pay less than that now. . .it remains extremely cheap."
Nick Hodge, Early Advantage (2/14/19) "Azarga Uranium Corp. is moving forward on the permitting front with Dewey Burdock. . .the Nuclear Regulatory Commission (NRC) has upheld the effectiveness of the company's NRC license. There is one remaining contention that is now being worked on."
	Colin Healey, Haywood Securities (7/18/18) "We visited Azarga Uranium Corp.'s flagship, 100%-owned Dewey Burdock in situ recovery uranium project in southwestern South Dakota. . .Dewey Burdock is poised to deliver stock-catalyzing news flow in 2018. . .the company expects to deliver an updated NI 43-101 resource for Dewey Burdock targeting material resource growth, followed by or in conjunction with an updated PEA integrating the additional resources."
Nick Hodge, Nick Hodge's Early Advantage (7/17/18) "Azarga Uranium Corp.'s Dewey Burdock can grow much larger as there are deposits on the project not included in the resource. . .as it stands, the company is undervalued with a market cap of CA$34M, or less than $1/lb uranium. . .it is a Buy."
	David Talbot, Eight Capital (7/16/18) "We were quite impressed after visiting Azarga Uranium Corp.'s Dewey Burdock and Dewey Terrace assets. . .we reaffirm that Dewey Burdock is one of the best undeveloped in situ recovery projects in the U.S. . .a resource update is due in Q3/18, followed by an updated PEA in Q4/18."

Experts Following This Company

	Peter Epstein, CFA – Epstein Research
	Colin Healey, Analyst – Haywood Securities
	Maurice Jackson, Founder – Proven and Probable
	Thibaut Lepouttre, Editor – Caesars Report
	David Talbot, Vice President, Senior Analyst – Eight Capital

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