Purepoint Uranium (PTU) - Orano & Cameco as Partners. Drilling Q1/21

Matthew Gordon,
Ptolemy Capital

5 Months ago

Another Athabasca Basin uranium junior readying themselves for this cycle. Purepoint has been around before the last cycle and has survived the market malaise of the last 10 years. We discuss his views on the macro in that time and his hopes for 2021. There is pragmatism and caution to Frostad's approach. He is keen to talk the language of being a miner rather than a promoter. They are a $12M mkt cap, which despite being realists, means they need to start telling their story now. The competition is. They have Orano and Cameco as partners at Hook Lake. Purepoint's has 21% of the asset but are the operator. Hook Lake has had $20M spent on it. So where are they with that project? A drill programme is starting in January. We discuss how that get funded and future capital raises. What does Frostad want to achieve this year?

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