Athabasca exploration leverage via Cosa Resources
The guest presented a bullish case for uranium explorers in the Athabasca Basin, highlighting Cosa Resources' strategic partnership with Denison Mines and recent radioactive drill intersections.
The argument
The guest explained that Cosa's Murphy Lake North project is located near the high-grade Hurricane deposit and has shown shallow radioactivity. Denison Mines acts as a strategic collaborator and major shareholder, validating the technical team's exploration approach ahead of a fully funded June 2026 drilling campaign.
The thesis, stress-tested
✓ What validates it
- ✓Assay results from the June 2026 drilling program confirming high-grade mineralization
- ✓Denison Mines increasing its ownership stake
▸ Risks discussed
- ▸Exploration and drilling risks
- ▸Seasonal weather disruptions halting operations
Hear it yourself
"come close to meeting demand, everything has to go perfectly, and that's just not how mining works. And so it could make for some interesting days ahead if if you see any more blips on the supply side. You could see, you know, an upward jump in the Iranian price, you know, any day. Yeah. And I think, because ADAMPROM also bears continued watching. They have faced production woes largely around sulfuric acid shortages as well, and a lot of of projects ramping into production, developers attempting to ramp into production, facing their own sets of issues."
06:15
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