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Geologists logging drill core in the core shed

An advanced
uranium resource
in the Americas

20.6 million pounds U₃O₈
historical resource estimate
(Indicated 10.59 Mlb at 0.072% and Inferred 10.05 Mlb at 0.067% U₃O₈)
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Investment highlights

An established
uranium resource,
poised for growth

The Kurupung Project has a historical resource estimate of 20.6 million pounds U₃O₈ (Indicated 10.59 Mlb at 0.072% and Inferred 10.05 Mlb at 0.067% U₃O₈), 129,000 metres of drilling and geology that is well understood, with mineralisation contained in corridors of low magnetism across the licence area. Our near-term objective is to increase the mineral resource to support an initial ten-year life of mine (+3 Mlb per annum).
Read the technical report
Historical mineral resource
20.6Mlb U₃O₈
10.59 Mlb @ 0.072%Indicated
10.05 Mlb @ 0.067%Inferred

At a 0.03% U₃O₈ cut-off.

Indicated grade
0.072%

Indicated category of the historical resource estimate.

Additional mineralised targets
10+

Over 15,000 metres of drilling intersecting high-grade mineralisation across extensive magnetic low corridors.

Total metres drilled
129,000m

Cogema (Orano) and U3O8 Corp., 1979 to 2012.

Total core on site
88,000m

Diamond drill core, stored on the property.

Licence area
92km²

Two prospecting licences in good standing.

Guyana

An economy driven
by natural resources

Hydrocarbons, gold and bauxite drive the economy, and foreign investment reached US$8.3 billion in 2024.

UNCTAD World Investment Report 2025.

Photo: ExxonMobil
ExxonMobil ConsortiumUS$60B+

Stabroek project.

ExxonMobil, 22 September 2025.

G Mining VenturesUS$3B+

Reunion Gold, G2 Goldfields and Oko West.

G Mining Ventures: Reunion Gold acquisition C$875M (July 2024) and G2 Goldfields acquisition C$3.0B (July 2026), both all-share at announcement value, and Oko West construction spend of US$423M to 30 June 2026.

Zijin MiningUS$238M

Aurora gold mine.

Zijin Mining, 2020.

Fast Growing EconomyGDP +19.3%

Real growth in 2025.

dpi.gov.gy, 26 January 2026; IMF.

An established mining jurisdiction

Four mining companies within 190 km

One operating mine, one under construction and two more in development, all within about 190 km of the Kurupung Project.

G Mining Ventures130 km EOko WestUnder construction
Zijin Mining82 km NEAuroraOperating
Aris Mining34 km NEToroparuIn development
Omai Gold Mines189 km ESEOmaiIn development
Cuyuni RiverMazaruni RiverEssequibo RiverAtlantic OceanGeorgetownCapitalBarticaOlive CreekAirstripKurupung ProjectAuroraOko WestToroparuOmai050 kmN

The Kurupung Project and the four nearest mining companies. Distances are measured as the crow flies from the licence.

Guyana has established contractors and a skilled workforce. The official language is English and the legal system is based on English common law.

Uranium demand that supply can’t meet

More reactors,
more nuclear power

Nuclear power contributes approximately 9% of the world’s electricity, and every reactor runs on uranium1. The number of reactors is growing, with governments and the largest technology companies signing up for more.

Operating
441reactors

404 GW of generating capacity.

Under construction
80reactors

Being built now.

Planned
123reactors

Approved, funded or committed.

Proposed
336reactors

Specific projects at an early stage.

441 + 80 + 123 + 336= 980 reactors in total
Currently under construction38China8India7Russia4South Korea4Egypt4Turkey15Other
AI and Data Centres Data centres are among the fastest growing users of power2
485 TWh: used by data centres in 2025, 17% more than the year before.950 TWh: expected by 2030, with AI data centres using three times the power they use today.100,000 homes: the electricity a typical AI data centre uses. The largest being built will use 20 times that.United States: data centres could use close to 12% of the country’s electricity by 2030.
Technology Companies The biggest users of power are signing up for nuclear3
Microsoft: signed a 20-year power purchase agreement with Constellation (Three Mile Island).Meta: signed a 20-year power purchase agreement with Constellation (Clinton plant), as well as agreements with Vistra, TerraPower and Oklo.Amazon: signed a power purchase agreement with Talen Energy (Susquehanna plant), as well as an agreement with X-energy.Google: signed a 25-year power purchase agreement with NextEra Energy (Duane Arnold plant), as well as an agreement with Kairos Power.
Government Policy Policy has turned in favour of nuclear4
38 countries have signed the pledge to triple nuclear capacity by 2050.United States: a target of a fourfold increase in nuclear power by 2050 (100 GW to 400 GW). Uranium is on the US list of critical minerals.World Bank: lifted its ban on funding nuclear power in June 2025.Japan: has placed 15 nuclear reactors back in service since 2011.
1 World Nuclear Association, World Nuclear Power Reactors, 17 September 2026; reactor counts and countries building.2 International Energy Agency, Energy and AI, April 2025, and Key Questions on Energy and AI, 16 April 2026. Lawrence Berkeley National Laboratory, United States Data Center Energy Usage Report: 2025 Update, June 2026 (Reference Case).3 Company announcements from Constellation, Meta, Talen Energy, Amazon, NextEra and Kairos Power.4 US Department of Energy; World Bank; World Nuclear News. Figures as at September 2026.

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