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THE MONTHY MONITOR amp UCOMPARABLES | 1
THE MONTHLY MONITOR amp UCOMPARABLES AUGUST 2018
MONTH IN REVIEWJuly may have provided the ldquoblinkrdquo we have all been waiting for Not only was the UxC Spot price up $301 this month to close at $2581 (punctuated by Camecorsquos extended suspension of the McArthur River mine) but the Long Term Contract price gave us a $200 bump to close at $3200 This represents the largest one-month gain in nearly 4 years
Although $2-300 may not really move the needle it certainly represents a directional change Four non-US LT contracts were put to tender this month with responses scheduled for August and we continue to anticipate a $3800 LT price by the end of September
In general equities responded more conservatively with our SLU3O8 Equity Index increasing by only 5 to close at 58613 Equities with US projects however did better than the pack - driven by the USrsquos review of the uranium industry in search of potential tariffs Leaders this month were Anfield Energy Inc (up approximately 60) and Energy Fuels (up nearly 30)
We look forward to any comments or questions you may have Ask us on Twitter (Sightlineu3o8) or email us at editorsightlineu3o8com
EQUITY INDEX
April 30 2018 54624emspemsp
May 31 2018 57216 emspemsp
June 30 2018 55983
July 31 2018 58613
Global Reactor Count GWe
Operable 452 398
Under construction 56 60
Planned 153 157
Proposed 328 374
CONTINUED ON PG 2
URANIUM PRICES LONG TERM PRICEUS$lb U3O8
SPOT PRICE US$lb U3O8
UCx enspPRICES
June 30 2018 $3000emsp emspemsp $2280 emspemsp
July 31 2018 $3200emsp $2581
PRICE OUTLOOK
September 30 2018 $3800emsp $3000emsp
December 31 2018 $4450emsp $3750emsp
December 31 2019 $5600emsp $4500emsp
December 31 2020 $5900emsp $4825emspUXC UX Consulting CompanyUpdated on August 1 2018
EXCLUSIVE TO SIGHTLINE U3O8 ndash This monthrsquos UComparables edition will focus on the Uranium Explorersrsquo ability to be project generators and de-risk exploration by accessing capital from partners to fund the high-risk and expensive drilling phases of exploration
A project generator (ldquoPGrdquo) is defined as a company that acquires and maintains a portfolio of multiple projects they deem to have significant mineral potential and option them to or obtain exploration financing with the support of a partner generally a mid-tier or major mining com-pany
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 2
CONTINUED ON PG 3
By applying a PG model exploration work is expedited plus Exploration Companies will automatically de-risk their projects by bull Spreading overhead between multiple
projectsbull Decreasing equity dilution and reli-
ance on financing as major funding is covered by JV partners
bull Spreading the odds of making a discov-ery to a portfolio of multiple properties rather than just focusing on a single project which may or may not work out
bull Attracting partners providing sharehold-ers with heightened reassurance of the technical validity of prospects
bull Providing revenues derived from partner cash payments in the form of option agreement payments and man-agement fees or in the case of a junior company partner share issuances to complete the earn-in
Uranium Exploration Projects
As stated in the past it is not our inten-tion to provide analysis or opinion as to the investment potential of these compa-nies We are merely compiling and sharing metrics and data points common across the companies that investors can utilize in their decision-making process
On the Uranium Exploration Projects list we have only accounted for uranium projects that are in good standing for the 17 uranium exploration companies we are tracking UEX ValOre ALX Uranium Forum Energy CanAlaska Roughrider and Uracan also hold other projects that are not uranium related projects therefore these projects were not included herein
We were disappointed to find that collecting this information was far more difficult than anticipated Many times we found that the projects listed in a Companyrsquos marketing material differed from the information found in their financial statements Also while we aspired to also highlight the operators and the ownership percentage for each project we found several uranium exploration com-panies were very selective and inconsistent in what was disclosed In many cases they would highlight ownership for key projects only and would fail to disclose the operator
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
URANIUM EXPLORATION PROJECTS
EXPLORATION COMPANIES TOTAL U PROJECTS
VFUU Fission 30 Corp 21
VAL ALX Uranium Corp 11
VPTU Purepoint Uranium Group Inc 10
VCVV CanAlaska Uranium Ltd 9
VISO ISO Energy Ltd 8
VFMC Forum Energy Metlas Corp 7
VEU enCore Energy Corp 7
AVERAGE 63
VSKY Skyharbour Resources Ltd 5
VAPI Appia Energy Corp 5
VBSK Blue Sky Uranium Corp 4
TUEX UEX Corporation 4
VVO Valore Metals Corp 4
VREL Roughrider Exploration Ltd 4
ADYL Deep Yellow Limited 3
ASMM Summit Resources Ltd (Australia) 2
VAZZ Azincourt Energy Corp 1
AURC Uracan Resources Ltd 1
Exploration companies hold an average of just over 6 uranium projects each with the largest project generator being Fission 30 with 21 uranium projects On the other side Uracan and Azincourt hold one uranium project each therefore for this exercise they are not considered PGs
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 3CONTINUED ON PG 4
Uranium Exploration Partners
The second metric collected sets out to identify the nature relationship and extent of these Companiesrsquo financial partners We identified not only partners participating in the advancement of specific projects but also equity partners who enjoy a special relationship obviously structured to provide financial support to the exploration efforts of an Explorer Such relationships include NexGenrsquos 58 ownership of ISOEnergy and Pala-dinrsquos 82 ownership of Summit Partner
We also identified partners as being a major mining company a development company or another exploration company as a proxy to their rela-tive financial clout
URANIUM EXPLORATION PARTNERS
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
PROJECT SPECIFIC PARTNERS EQUITY PARTNERS
EXPLORATION COMPANIES MAJOR U- MINER COMPANY
U DEVELOPER U EXPLORER MAJOR U-MINER COMPANY
U DEVELOPER
ASMM Summit Resources Ltd (Australia) Paladin Energy Paladin Energy
TUEX UEX Corporation OranoJCU
VPTU Purepoint Uranium Group Inc CamecoOrano
VISO ISO Energy Ltd NexGen Energy
VFUU Fission 30 Corp Fission Uranium
VAL ALX Uranium Corp Rio Tinto Denison Mines UEXPacton Gold
Acme Resources
VFMC Forum Energy Metals Corp CamecoOrano
Rio Tinto
NexGen Energy Uracan Resources
VCVV CanAlaska Uranium Ltd Cameco Denison Mines Northern Uranium
VSKY Skyharbour Resources Ltd Orano Denison Mines Clean Commodities Denison Mines
ADYL Deep Yellow Limited JOGMEG Epangelo Mining CompanyNova Energy (Africa) Pty LtdSixzone Investment Pty Ltd
VAZZ Azincourt Energy Corp Skyharbour ResourcesClean Commodities
Fission 30
VVO Valore Metals Corp Roughrider Exploration
VREL Roughrider Exploration Ltd Valore Metals Corp
VURC Uracan Resources Ltd Forum Energy
VEU enCore Energy Corp
VBSK Blue Sky Uranium Corp
VAPI Appia Energy Corp
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 4
UComparables Table
In the attached table we have assembled the results at a high level For simplicity sake we have identified those companies in the top quartile of any particular metric with a green dot For those in the bottom quartile we have indicated that with a black dot The rest falling within a safe margin of the average are noted with a yellow dot Feel free to click on the headings or any of the dots to get more information
UCOMPARABLES TABLE URANIUM EXPLORATION COMPANIES
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
MANAGEMENT FINANCIAL HEALTH
PROJECT NFORMATION
EXPLORATION COMPANIES MONTHLY OVERHEAD
COSTS
EXPLORATION PER $1
OVERHEAD
CXO COMPENSATION
MARKET CAP
ANNUAL CHURN OS SHARES
JURISDICTION OF PROJECTS
PROJECT PARTNERS
VPTU Purepoint Uranium Group Inc
TUEX UEX Corporation
VFUU Fission 30 Corp
VCVV CanAlaska Uranium Ltd
VAL ALX Uranium Corp
ASMM Summit Resources Ltd (Australia)
VSYH Skyharbour Resources Ltd
VFMC Forum Energy Metals Corp
VAAZ Azincourt Energy Corp
VBSK Blue Sky Uranium Corp
VVO ValOre Metals Corp
VEU enCore Energy Corp
VISO ISOEnergy Ltd
VREL Roughrider Exploration Ltd
VAPI Appia Energy Corp
ADYL Deep Yellow Limited
VURC Uracan Resources Ltd
AVERAGE $63466 184 358 099 8039 63
Again we must stress that investors need to take care in evaluating any information pertaining to their investments and that this information is being provided only as a starting point to that evaluation We will continue to add new comparable categories and update these as neces-sary
We invite any comments or questions pertaining to the information provided or companies we may have missed Such questions and comments can be sent to editorsightlineu3o8com
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 5
U3O8 PRICES - HISTORIC
PRICE OUTLOOK
URANIUM PRICES LONG TERM PRICEUS$lb U3O8
SPOT PRICE US$lb U3O8
PRICES
July 31 2018 $3200 $2581
PRICE OUTLOOK
September 30 2018 $3800 $3000
UCx
TOP SUPPLY NEWS
Chinarsquos CGN eyes stake in UK nuclear sta-tionsJuly 9 2018
Energy Minister express support for nuclear powerJuly 31 2018
Haney outllines plans to finish idled nuclear plant in 5-6 yearsJuly 31 2018
IAEA reviews Saudi Arabiarsquos nuclear power infrastructure developmentJuly 31 2018
TOP DEMAND NEWS
A double first in China for Advanced Nuclear ReactorsJuly 6 2018
Global energy investment in 2017July 17 2018
Saudi hosts IAEA for review of nuclear plantsJuly 17 2018
Japanrsquos LNG imports fall to lowest since May 2016 as nuclear units come onlineJuly 19 2018
INNrsquos U3O8 Price Update Q2-2018 in ReviewJuly 19 2018
Ukraine buys nuclear fuel for $2135 mil-lion in 5 monthsJuly 23 2018
Russia eyes building nuclear power plant in South AfricaJuly 24 2018
Uranium Mining The inflection on the horizonJuly 25 2018
Chinarsquos long game to dominate nuclear power relies on the UKJuly 27 2018
Nuclear energy is not as risky as climate changeJuly 30 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 6
TOP EQUITY NEWS
Management CompensationJuly 3 2018
Uranium trader Yellow Cake PLC debuts on AIM July 5 2018
Uranium is one of the few commodities yet to recoverJuly 6 2018
Pay cut for Vimy board and executivesJuly 6 2018
TNXE winter assay confirm uranium min-eralizationJuly 9 2018
Uranium outlook decidedly mixed favours Yello Cake plcJuly 12 2018
Can Cameco stock go higher after gaining 274 so far in 2018July 16 2018
TCCO reports Q2 and its decision to suspend production at McArthur RiverKey Lake for indeterminate durationJuly 25 2018
Paralysis in the market Cameco to layoff stadd indefinetely idle uranium plants July 27 2018
EQUITY INDEX
UEQUITIESPRODUCING COMPANIES COUNTRY FOCUS PRICE AS OF
0731201852 WEEK HIGH
52 WEEK LOW
MARKET CAP (MILLIONS)
TCCO Cameco Corp Canada $1406 $1595 $990 $548179
TDML Denison Mines Corp Canada $067 $080 $050 $36347
TEFR Energy Fuels Inc United States $383 $398 $166 $32934
AERA Energy Resources of Australia Limited Australia $041 $098 $039 $21227
UUEC Uranium Energy Corp United States $164 $200 $096 $25984
TURE Ur-Energy Inc United States $098 $103 $062 $14965
DEVELOPMENT COMPANIES
VAEC Anfield Energy Inc United States $043 $065 $019 $962
ABKY Berkeley Energia Ltd Spain $077 $114 $066 $19892
TFCU Fission Uranium Corp Canada $068 $089 $055 $33036
TFSY Forsys Metals Corp Namibia $022 $024 $009 $3457
VGXU Goviex Uranium Inc Niger $020 $033 $017 $8689
TLAM Laramide Resources Ltd United States $0265 $055 $023 $3726
TNXE NexGen Energy Ltd Canada $265 $358 $211 $86725
VPLU Plateau Energy Metals Inc Peru $155 $169 $026 $9933
ATOE Toro Energy Limited Australia $0027 $0048 $0024 $5835
AVMY Vimy Resources Ltd Australia $012 $018 $0094 $4816
EXPLORATION COMPANIES
AAEE Aura Energy Limited Sweden Maritania $0022 $0035 $0019 $2351
TAZZ Azarga Uranium Corp United States $0245 $034 $018 $3846
ABMN Bannerman Resources Limited Namibia $0067 $007 $0026 $6900
ADYL Deep Yellow Limited Namibia $040 $044 $019 $7792
VFUU Fission 30 Corp Canada $014 $030 $008 $715
VVO ValOre Metals Corp Canada $056 $125 $052 $1409PTU
VPTU Purepoint Uranium Group Inc Canada $007 $010 $0055 $1434
VSYH Skyharbour Resources Ltd Canada $0435 $055 $031 $2379UEXCA
TUEX UEX Corporation Canada $0215 $0405 $015 $7481
OTHER
TU Uranium Participation Corp Canada $442 $468 $347 $60837
LYCA Yellow Cake Plc UK $21700 $22000 $19300 $16530
Note Currencies for the price and market cap are respective to the country of trade
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 2
CONTINUED ON PG 3
By applying a PG model exploration work is expedited plus Exploration Companies will automatically de-risk their projects by bull Spreading overhead between multiple
projectsbull Decreasing equity dilution and reli-
ance on financing as major funding is covered by JV partners
bull Spreading the odds of making a discov-ery to a portfolio of multiple properties rather than just focusing on a single project which may or may not work out
bull Attracting partners providing sharehold-ers with heightened reassurance of the technical validity of prospects
bull Providing revenues derived from partner cash payments in the form of option agreement payments and man-agement fees or in the case of a junior company partner share issuances to complete the earn-in
Uranium Exploration Projects
As stated in the past it is not our inten-tion to provide analysis or opinion as to the investment potential of these compa-nies We are merely compiling and sharing metrics and data points common across the companies that investors can utilize in their decision-making process
On the Uranium Exploration Projects list we have only accounted for uranium projects that are in good standing for the 17 uranium exploration companies we are tracking UEX ValOre ALX Uranium Forum Energy CanAlaska Roughrider and Uracan also hold other projects that are not uranium related projects therefore these projects were not included herein
We were disappointed to find that collecting this information was far more difficult than anticipated Many times we found that the projects listed in a Companyrsquos marketing material differed from the information found in their financial statements Also while we aspired to also highlight the operators and the ownership percentage for each project we found several uranium exploration com-panies were very selective and inconsistent in what was disclosed In many cases they would highlight ownership for key projects only and would fail to disclose the operator
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
URANIUM EXPLORATION PROJECTS
EXPLORATION COMPANIES TOTAL U PROJECTS
VFUU Fission 30 Corp 21
VAL ALX Uranium Corp 11
VPTU Purepoint Uranium Group Inc 10
VCVV CanAlaska Uranium Ltd 9
VISO ISO Energy Ltd 8
VFMC Forum Energy Metlas Corp 7
VEU enCore Energy Corp 7
AVERAGE 63
VSKY Skyharbour Resources Ltd 5
VAPI Appia Energy Corp 5
VBSK Blue Sky Uranium Corp 4
TUEX UEX Corporation 4
VVO Valore Metals Corp 4
VREL Roughrider Exploration Ltd 4
ADYL Deep Yellow Limited 3
ASMM Summit Resources Ltd (Australia) 2
VAZZ Azincourt Energy Corp 1
AURC Uracan Resources Ltd 1
Exploration companies hold an average of just over 6 uranium projects each with the largest project generator being Fission 30 with 21 uranium projects On the other side Uracan and Azincourt hold one uranium project each therefore for this exercise they are not considered PGs
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 3CONTINUED ON PG 4
Uranium Exploration Partners
The second metric collected sets out to identify the nature relationship and extent of these Companiesrsquo financial partners We identified not only partners participating in the advancement of specific projects but also equity partners who enjoy a special relationship obviously structured to provide financial support to the exploration efforts of an Explorer Such relationships include NexGenrsquos 58 ownership of ISOEnergy and Pala-dinrsquos 82 ownership of Summit Partner
We also identified partners as being a major mining company a development company or another exploration company as a proxy to their rela-tive financial clout
URANIUM EXPLORATION PARTNERS
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
PROJECT SPECIFIC PARTNERS EQUITY PARTNERS
EXPLORATION COMPANIES MAJOR U- MINER COMPANY
U DEVELOPER U EXPLORER MAJOR U-MINER COMPANY
U DEVELOPER
ASMM Summit Resources Ltd (Australia) Paladin Energy Paladin Energy
TUEX UEX Corporation OranoJCU
VPTU Purepoint Uranium Group Inc CamecoOrano
VISO ISO Energy Ltd NexGen Energy
VFUU Fission 30 Corp Fission Uranium
VAL ALX Uranium Corp Rio Tinto Denison Mines UEXPacton Gold
Acme Resources
VFMC Forum Energy Metals Corp CamecoOrano
Rio Tinto
NexGen Energy Uracan Resources
VCVV CanAlaska Uranium Ltd Cameco Denison Mines Northern Uranium
VSKY Skyharbour Resources Ltd Orano Denison Mines Clean Commodities Denison Mines
ADYL Deep Yellow Limited JOGMEG Epangelo Mining CompanyNova Energy (Africa) Pty LtdSixzone Investment Pty Ltd
VAZZ Azincourt Energy Corp Skyharbour ResourcesClean Commodities
Fission 30
VVO Valore Metals Corp Roughrider Exploration
VREL Roughrider Exploration Ltd Valore Metals Corp
VURC Uracan Resources Ltd Forum Energy
VEU enCore Energy Corp
VBSK Blue Sky Uranium Corp
VAPI Appia Energy Corp
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 4
UComparables Table
In the attached table we have assembled the results at a high level For simplicity sake we have identified those companies in the top quartile of any particular metric with a green dot For those in the bottom quartile we have indicated that with a black dot The rest falling within a safe margin of the average are noted with a yellow dot Feel free to click on the headings or any of the dots to get more information
UCOMPARABLES TABLE URANIUM EXPLORATION COMPANIES
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
MANAGEMENT FINANCIAL HEALTH
PROJECT NFORMATION
EXPLORATION COMPANIES MONTHLY OVERHEAD
COSTS
EXPLORATION PER $1
OVERHEAD
CXO COMPENSATION
MARKET CAP
ANNUAL CHURN OS SHARES
JURISDICTION OF PROJECTS
PROJECT PARTNERS
VPTU Purepoint Uranium Group Inc
TUEX UEX Corporation
VFUU Fission 30 Corp
VCVV CanAlaska Uranium Ltd
VAL ALX Uranium Corp
ASMM Summit Resources Ltd (Australia)
VSYH Skyharbour Resources Ltd
VFMC Forum Energy Metals Corp
VAAZ Azincourt Energy Corp
VBSK Blue Sky Uranium Corp
VVO ValOre Metals Corp
VEU enCore Energy Corp
VISO ISOEnergy Ltd
VREL Roughrider Exploration Ltd
VAPI Appia Energy Corp
ADYL Deep Yellow Limited
VURC Uracan Resources Ltd
AVERAGE $63466 184 358 099 8039 63
Again we must stress that investors need to take care in evaluating any information pertaining to their investments and that this information is being provided only as a starting point to that evaluation We will continue to add new comparable categories and update these as neces-sary
We invite any comments or questions pertaining to the information provided or companies we may have missed Such questions and comments can be sent to editorsightlineu3o8com
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 5
U3O8 PRICES - HISTORIC
PRICE OUTLOOK
URANIUM PRICES LONG TERM PRICEUS$lb U3O8
SPOT PRICE US$lb U3O8
PRICES
July 31 2018 $3200 $2581
PRICE OUTLOOK
September 30 2018 $3800 $3000
UCx
TOP SUPPLY NEWS
Chinarsquos CGN eyes stake in UK nuclear sta-tionsJuly 9 2018
Energy Minister express support for nuclear powerJuly 31 2018
Haney outllines plans to finish idled nuclear plant in 5-6 yearsJuly 31 2018
IAEA reviews Saudi Arabiarsquos nuclear power infrastructure developmentJuly 31 2018
TOP DEMAND NEWS
A double first in China for Advanced Nuclear ReactorsJuly 6 2018
Global energy investment in 2017July 17 2018
Saudi hosts IAEA for review of nuclear plantsJuly 17 2018
Japanrsquos LNG imports fall to lowest since May 2016 as nuclear units come onlineJuly 19 2018
INNrsquos U3O8 Price Update Q2-2018 in ReviewJuly 19 2018
Ukraine buys nuclear fuel for $2135 mil-lion in 5 monthsJuly 23 2018
Russia eyes building nuclear power plant in South AfricaJuly 24 2018
Uranium Mining The inflection on the horizonJuly 25 2018
Chinarsquos long game to dominate nuclear power relies on the UKJuly 27 2018
Nuclear energy is not as risky as climate changeJuly 30 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 6
TOP EQUITY NEWS
Management CompensationJuly 3 2018
Uranium trader Yellow Cake PLC debuts on AIM July 5 2018
Uranium is one of the few commodities yet to recoverJuly 6 2018
Pay cut for Vimy board and executivesJuly 6 2018
TNXE winter assay confirm uranium min-eralizationJuly 9 2018
Uranium outlook decidedly mixed favours Yello Cake plcJuly 12 2018
Can Cameco stock go higher after gaining 274 so far in 2018July 16 2018
TCCO reports Q2 and its decision to suspend production at McArthur RiverKey Lake for indeterminate durationJuly 25 2018
Paralysis in the market Cameco to layoff stadd indefinetely idle uranium plants July 27 2018
EQUITY INDEX
UEQUITIESPRODUCING COMPANIES COUNTRY FOCUS PRICE AS OF
0731201852 WEEK HIGH
52 WEEK LOW
MARKET CAP (MILLIONS)
TCCO Cameco Corp Canada $1406 $1595 $990 $548179
TDML Denison Mines Corp Canada $067 $080 $050 $36347
TEFR Energy Fuels Inc United States $383 $398 $166 $32934
AERA Energy Resources of Australia Limited Australia $041 $098 $039 $21227
UUEC Uranium Energy Corp United States $164 $200 $096 $25984
TURE Ur-Energy Inc United States $098 $103 $062 $14965
DEVELOPMENT COMPANIES
VAEC Anfield Energy Inc United States $043 $065 $019 $962
ABKY Berkeley Energia Ltd Spain $077 $114 $066 $19892
TFCU Fission Uranium Corp Canada $068 $089 $055 $33036
TFSY Forsys Metals Corp Namibia $022 $024 $009 $3457
VGXU Goviex Uranium Inc Niger $020 $033 $017 $8689
TLAM Laramide Resources Ltd United States $0265 $055 $023 $3726
TNXE NexGen Energy Ltd Canada $265 $358 $211 $86725
VPLU Plateau Energy Metals Inc Peru $155 $169 $026 $9933
ATOE Toro Energy Limited Australia $0027 $0048 $0024 $5835
AVMY Vimy Resources Ltd Australia $012 $018 $0094 $4816
EXPLORATION COMPANIES
AAEE Aura Energy Limited Sweden Maritania $0022 $0035 $0019 $2351
TAZZ Azarga Uranium Corp United States $0245 $034 $018 $3846
ABMN Bannerman Resources Limited Namibia $0067 $007 $0026 $6900
ADYL Deep Yellow Limited Namibia $040 $044 $019 $7792
VFUU Fission 30 Corp Canada $014 $030 $008 $715
VVO ValOre Metals Corp Canada $056 $125 $052 $1409PTU
VPTU Purepoint Uranium Group Inc Canada $007 $010 $0055 $1434
VSYH Skyharbour Resources Ltd Canada $0435 $055 $031 $2379UEXCA
TUEX UEX Corporation Canada $0215 $0405 $015 $7481
OTHER
TU Uranium Participation Corp Canada $442 $468 $347 $60837
LYCA Yellow Cake Plc UK $21700 $22000 $19300 $16530
Note Currencies for the price and market cap are respective to the country of trade
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 3CONTINUED ON PG 4
Uranium Exploration Partners
The second metric collected sets out to identify the nature relationship and extent of these Companiesrsquo financial partners We identified not only partners participating in the advancement of specific projects but also equity partners who enjoy a special relationship obviously structured to provide financial support to the exploration efforts of an Explorer Such relationships include NexGenrsquos 58 ownership of ISOEnergy and Pala-dinrsquos 82 ownership of Summit Partner
We also identified partners as being a major mining company a development company or another exploration company as a proxy to their rela-tive financial clout
URANIUM EXPLORATION PARTNERS
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
PROJECT SPECIFIC PARTNERS EQUITY PARTNERS
EXPLORATION COMPANIES MAJOR U- MINER COMPANY
U DEVELOPER U EXPLORER MAJOR U-MINER COMPANY
U DEVELOPER
ASMM Summit Resources Ltd (Australia) Paladin Energy Paladin Energy
TUEX UEX Corporation OranoJCU
VPTU Purepoint Uranium Group Inc CamecoOrano
VISO ISO Energy Ltd NexGen Energy
VFUU Fission 30 Corp Fission Uranium
VAL ALX Uranium Corp Rio Tinto Denison Mines UEXPacton Gold
Acme Resources
VFMC Forum Energy Metals Corp CamecoOrano
Rio Tinto
NexGen Energy Uracan Resources
VCVV CanAlaska Uranium Ltd Cameco Denison Mines Northern Uranium
VSKY Skyharbour Resources Ltd Orano Denison Mines Clean Commodities Denison Mines
ADYL Deep Yellow Limited JOGMEG Epangelo Mining CompanyNova Energy (Africa) Pty LtdSixzone Investment Pty Ltd
VAZZ Azincourt Energy Corp Skyharbour ResourcesClean Commodities
Fission 30
VVO Valore Metals Corp Roughrider Exploration
VREL Roughrider Exploration Ltd Valore Metals Corp
VURC Uracan Resources Ltd Forum Energy
VEU enCore Energy Corp
VBSK Blue Sky Uranium Corp
VAPI Appia Energy Corp
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 4
UComparables Table
In the attached table we have assembled the results at a high level For simplicity sake we have identified those companies in the top quartile of any particular metric with a green dot For those in the bottom quartile we have indicated that with a black dot The rest falling within a safe margin of the average are noted with a yellow dot Feel free to click on the headings or any of the dots to get more information
UCOMPARABLES TABLE URANIUM EXPLORATION COMPANIES
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
MANAGEMENT FINANCIAL HEALTH
PROJECT NFORMATION
EXPLORATION COMPANIES MONTHLY OVERHEAD
COSTS
EXPLORATION PER $1
OVERHEAD
CXO COMPENSATION
MARKET CAP
ANNUAL CHURN OS SHARES
JURISDICTION OF PROJECTS
PROJECT PARTNERS
VPTU Purepoint Uranium Group Inc
TUEX UEX Corporation
VFUU Fission 30 Corp
VCVV CanAlaska Uranium Ltd
VAL ALX Uranium Corp
ASMM Summit Resources Ltd (Australia)
VSYH Skyharbour Resources Ltd
VFMC Forum Energy Metals Corp
VAAZ Azincourt Energy Corp
VBSK Blue Sky Uranium Corp
VVO ValOre Metals Corp
VEU enCore Energy Corp
VISO ISOEnergy Ltd
VREL Roughrider Exploration Ltd
VAPI Appia Energy Corp
ADYL Deep Yellow Limited
VURC Uracan Resources Ltd
AVERAGE $63466 184 358 099 8039 63
Again we must stress that investors need to take care in evaluating any information pertaining to their investments and that this information is being provided only as a starting point to that evaluation We will continue to add new comparable categories and update these as neces-sary
We invite any comments or questions pertaining to the information provided or companies we may have missed Such questions and comments can be sent to editorsightlineu3o8com
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 5
U3O8 PRICES - HISTORIC
PRICE OUTLOOK
URANIUM PRICES LONG TERM PRICEUS$lb U3O8
SPOT PRICE US$lb U3O8
PRICES
July 31 2018 $3200 $2581
PRICE OUTLOOK
September 30 2018 $3800 $3000
UCx
TOP SUPPLY NEWS
Chinarsquos CGN eyes stake in UK nuclear sta-tionsJuly 9 2018
Energy Minister express support for nuclear powerJuly 31 2018
Haney outllines plans to finish idled nuclear plant in 5-6 yearsJuly 31 2018
IAEA reviews Saudi Arabiarsquos nuclear power infrastructure developmentJuly 31 2018
TOP DEMAND NEWS
A double first in China for Advanced Nuclear ReactorsJuly 6 2018
Global energy investment in 2017July 17 2018
Saudi hosts IAEA for review of nuclear plantsJuly 17 2018
Japanrsquos LNG imports fall to lowest since May 2016 as nuclear units come onlineJuly 19 2018
INNrsquos U3O8 Price Update Q2-2018 in ReviewJuly 19 2018
Ukraine buys nuclear fuel for $2135 mil-lion in 5 monthsJuly 23 2018
Russia eyes building nuclear power plant in South AfricaJuly 24 2018
Uranium Mining The inflection on the horizonJuly 25 2018
Chinarsquos long game to dominate nuclear power relies on the UKJuly 27 2018
Nuclear energy is not as risky as climate changeJuly 30 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 6
TOP EQUITY NEWS
Management CompensationJuly 3 2018
Uranium trader Yellow Cake PLC debuts on AIM July 5 2018
Uranium is one of the few commodities yet to recoverJuly 6 2018
Pay cut for Vimy board and executivesJuly 6 2018
TNXE winter assay confirm uranium min-eralizationJuly 9 2018
Uranium outlook decidedly mixed favours Yello Cake plcJuly 12 2018
Can Cameco stock go higher after gaining 274 so far in 2018July 16 2018
TCCO reports Q2 and its decision to suspend production at McArthur RiverKey Lake for indeterminate durationJuly 25 2018
Paralysis in the market Cameco to layoff stadd indefinetely idle uranium plants July 27 2018
EQUITY INDEX
UEQUITIESPRODUCING COMPANIES COUNTRY FOCUS PRICE AS OF
0731201852 WEEK HIGH
52 WEEK LOW
MARKET CAP (MILLIONS)
TCCO Cameco Corp Canada $1406 $1595 $990 $548179
TDML Denison Mines Corp Canada $067 $080 $050 $36347
TEFR Energy Fuels Inc United States $383 $398 $166 $32934
AERA Energy Resources of Australia Limited Australia $041 $098 $039 $21227
UUEC Uranium Energy Corp United States $164 $200 $096 $25984
TURE Ur-Energy Inc United States $098 $103 $062 $14965
DEVELOPMENT COMPANIES
VAEC Anfield Energy Inc United States $043 $065 $019 $962
ABKY Berkeley Energia Ltd Spain $077 $114 $066 $19892
TFCU Fission Uranium Corp Canada $068 $089 $055 $33036
TFSY Forsys Metals Corp Namibia $022 $024 $009 $3457
VGXU Goviex Uranium Inc Niger $020 $033 $017 $8689
TLAM Laramide Resources Ltd United States $0265 $055 $023 $3726
TNXE NexGen Energy Ltd Canada $265 $358 $211 $86725
VPLU Plateau Energy Metals Inc Peru $155 $169 $026 $9933
ATOE Toro Energy Limited Australia $0027 $0048 $0024 $5835
AVMY Vimy Resources Ltd Australia $012 $018 $0094 $4816
EXPLORATION COMPANIES
AAEE Aura Energy Limited Sweden Maritania $0022 $0035 $0019 $2351
TAZZ Azarga Uranium Corp United States $0245 $034 $018 $3846
ABMN Bannerman Resources Limited Namibia $0067 $007 $0026 $6900
ADYL Deep Yellow Limited Namibia $040 $044 $019 $7792
VFUU Fission 30 Corp Canada $014 $030 $008 $715
VVO ValOre Metals Corp Canada $056 $125 $052 $1409PTU
VPTU Purepoint Uranium Group Inc Canada $007 $010 $0055 $1434
VSYH Skyharbour Resources Ltd Canada $0435 $055 $031 $2379UEXCA
TUEX UEX Corporation Canada $0215 $0405 $015 $7481
OTHER
TU Uranium Participation Corp Canada $442 $468 $347 $60837
LYCA Yellow Cake Plc UK $21700 $22000 $19300 $16530
Note Currencies for the price and market cap are respective to the country of trade
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
UCOMPARABLES | AUGUST 2018
THE MONTHY MONITOR amp UCOMPARABLES | 4
UComparables Table
In the attached table we have assembled the results at a high level For simplicity sake we have identified those companies in the top quartile of any particular metric with a green dot For those in the bottom quartile we have indicated that with a black dot The rest falling within a safe margin of the average are noted with a yellow dot Feel free to click on the headings or any of the dots to get more information
UCOMPARABLES TABLE URANIUM EXPLORATION COMPANIES
PROJECT GENERATION CAPABILITY FOR URANIUM EXPLORERS (CONTrsquoD)
MANAGEMENT FINANCIAL HEALTH
PROJECT NFORMATION
EXPLORATION COMPANIES MONTHLY OVERHEAD
COSTS
EXPLORATION PER $1
OVERHEAD
CXO COMPENSATION
MARKET CAP
ANNUAL CHURN OS SHARES
JURISDICTION OF PROJECTS
PROJECT PARTNERS
VPTU Purepoint Uranium Group Inc
TUEX UEX Corporation
VFUU Fission 30 Corp
VCVV CanAlaska Uranium Ltd
VAL ALX Uranium Corp
ASMM Summit Resources Ltd (Australia)
VSYH Skyharbour Resources Ltd
VFMC Forum Energy Metals Corp
VAAZ Azincourt Energy Corp
VBSK Blue Sky Uranium Corp
VVO ValOre Metals Corp
VEU enCore Energy Corp
VISO ISOEnergy Ltd
VREL Roughrider Exploration Ltd
VAPI Appia Energy Corp
ADYL Deep Yellow Limited
VURC Uracan Resources Ltd
AVERAGE $63466 184 358 099 8039 63
Again we must stress that investors need to take care in evaluating any information pertaining to their investments and that this information is being provided only as a starting point to that evaluation We will continue to add new comparable categories and update these as neces-sary
We invite any comments or questions pertaining to the information provided or companies we may have missed Such questions and comments can be sent to editorsightlineu3o8com
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 5
U3O8 PRICES - HISTORIC
PRICE OUTLOOK
URANIUM PRICES LONG TERM PRICEUS$lb U3O8
SPOT PRICE US$lb U3O8
PRICES
July 31 2018 $3200 $2581
PRICE OUTLOOK
September 30 2018 $3800 $3000
UCx
TOP SUPPLY NEWS
Chinarsquos CGN eyes stake in UK nuclear sta-tionsJuly 9 2018
Energy Minister express support for nuclear powerJuly 31 2018
Haney outllines plans to finish idled nuclear plant in 5-6 yearsJuly 31 2018
IAEA reviews Saudi Arabiarsquos nuclear power infrastructure developmentJuly 31 2018
TOP DEMAND NEWS
A double first in China for Advanced Nuclear ReactorsJuly 6 2018
Global energy investment in 2017July 17 2018
Saudi hosts IAEA for review of nuclear plantsJuly 17 2018
Japanrsquos LNG imports fall to lowest since May 2016 as nuclear units come onlineJuly 19 2018
INNrsquos U3O8 Price Update Q2-2018 in ReviewJuly 19 2018
Ukraine buys nuclear fuel for $2135 mil-lion in 5 monthsJuly 23 2018
Russia eyes building nuclear power plant in South AfricaJuly 24 2018
Uranium Mining The inflection on the horizonJuly 25 2018
Chinarsquos long game to dominate nuclear power relies on the UKJuly 27 2018
Nuclear energy is not as risky as climate changeJuly 30 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 6
TOP EQUITY NEWS
Management CompensationJuly 3 2018
Uranium trader Yellow Cake PLC debuts on AIM July 5 2018
Uranium is one of the few commodities yet to recoverJuly 6 2018
Pay cut for Vimy board and executivesJuly 6 2018
TNXE winter assay confirm uranium min-eralizationJuly 9 2018
Uranium outlook decidedly mixed favours Yello Cake plcJuly 12 2018
Can Cameco stock go higher after gaining 274 so far in 2018July 16 2018
TCCO reports Q2 and its decision to suspend production at McArthur RiverKey Lake for indeterminate durationJuly 25 2018
Paralysis in the market Cameco to layoff stadd indefinetely idle uranium plants July 27 2018
EQUITY INDEX
UEQUITIESPRODUCING COMPANIES COUNTRY FOCUS PRICE AS OF
0731201852 WEEK HIGH
52 WEEK LOW
MARKET CAP (MILLIONS)
TCCO Cameco Corp Canada $1406 $1595 $990 $548179
TDML Denison Mines Corp Canada $067 $080 $050 $36347
TEFR Energy Fuels Inc United States $383 $398 $166 $32934
AERA Energy Resources of Australia Limited Australia $041 $098 $039 $21227
UUEC Uranium Energy Corp United States $164 $200 $096 $25984
TURE Ur-Energy Inc United States $098 $103 $062 $14965
DEVELOPMENT COMPANIES
VAEC Anfield Energy Inc United States $043 $065 $019 $962
ABKY Berkeley Energia Ltd Spain $077 $114 $066 $19892
TFCU Fission Uranium Corp Canada $068 $089 $055 $33036
TFSY Forsys Metals Corp Namibia $022 $024 $009 $3457
VGXU Goviex Uranium Inc Niger $020 $033 $017 $8689
TLAM Laramide Resources Ltd United States $0265 $055 $023 $3726
TNXE NexGen Energy Ltd Canada $265 $358 $211 $86725
VPLU Plateau Energy Metals Inc Peru $155 $169 $026 $9933
ATOE Toro Energy Limited Australia $0027 $0048 $0024 $5835
AVMY Vimy Resources Ltd Australia $012 $018 $0094 $4816
EXPLORATION COMPANIES
AAEE Aura Energy Limited Sweden Maritania $0022 $0035 $0019 $2351
TAZZ Azarga Uranium Corp United States $0245 $034 $018 $3846
ABMN Bannerman Resources Limited Namibia $0067 $007 $0026 $6900
ADYL Deep Yellow Limited Namibia $040 $044 $019 $7792
VFUU Fission 30 Corp Canada $014 $030 $008 $715
VVO ValOre Metals Corp Canada $056 $125 $052 $1409PTU
VPTU Purepoint Uranium Group Inc Canada $007 $010 $0055 $1434
VSYH Skyharbour Resources Ltd Canada $0435 $055 $031 $2379UEXCA
TUEX UEX Corporation Canada $0215 $0405 $015 $7481
OTHER
TU Uranium Participation Corp Canada $442 $468 $347 $60837
LYCA Yellow Cake Plc UK $21700 $22000 $19300 $16530
Note Currencies for the price and market cap are respective to the country of trade
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 5
U3O8 PRICES - HISTORIC
PRICE OUTLOOK
URANIUM PRICES LONG TERM PRICEUS$lb U3O8
SPOT PRICE US$lb U3O8
PRICES
July 31 2018 $3200 $2581
PRICE OUTLOOK
September 30 2018 $3800 $3000
UCx
TOP SUPPLY NEWS
Chinarsquos CGN eyes stake in UK nuclear sta-tionsJuly 9 2018
Energy Minister express support for nuclear powerJuly 31 2018
Haney outllines plans to finish idled nuclear plant in 5-6 yearsJuly 31 2018
IAEA reviews Saudi Arabiarsquos nuclear power infrastructure developmentJuly 31 2018
TOP DEMAND NEWS
A double first in China for Advanced Nuclear ReactorsJuly 6 2018
Global energy investment in 2017July 17 2018
Saudi hosts IAEA for review of nuclear plantsJuly 17 2018
Japanrsquos LNG imports fall to lowest since May 2016 as nuclear units come onlineJuly 19 2018
INNrsquos U3O8 Price Update Q2-2018 in ReviewJuly 19 2018
Ukraine buys nuclear fuel for $2135 mil-lion in 5 monthsJuly 23 2018
Russia eyes building nuclear power plant in South AfricaJuly 24 2018
Uranium Mining The inflection on the horizonJuly 25 2018
Chinarsquos long game to dominate nuclear power relies on the UKJuly 27 2018
Nuclear energy is not as risky as climate changeJuly 30 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 6
TOP EQUITY NEWS
Management CompensationJuly 3 2018
Uranium trader Yellow Cake PLC debuts on AIM July 5 2018
Uranium is one of the few commodities yet to recoverJuly 6 2018
Pay cut for Vimy board and executivesJuly 6 2018
TNXE winter assay confirm uranium min-eralizationJuly 9 2018
Uranium outlook decidedly mixed favours Yello Cake plcJuly 12 2018
Can Cameco stock go higher after gaining 274 so far in 2018July 16 2018
TCCO reports Q2 and its decision to suspend production at McArthur RiverKey Lake for indeterminate durationJuly 25 2018
Paralysis in the market Cameco to layoff stadd indefinetely idle uranium plants July 27 2018
EQUITY INDEX
UEQUITIESPRODUCING COMPANIES COUNTRY FOCUS PRICE AS OF
0731201852 WEEK HIGH
52 WEEK LOW
MARKET CAP (MILLIONS)
TCCO Cameco Corp Canada $1406 $1595 $990 $548179
TDML Denison Mines Corp Canada $067 $080 $050 $36347
TEFR Energy Fuels Inc United States $383 $398 $166 $32934
AERA Energy Resources of Australia Limited Australia $041 $098 $039 $21227
UUEC Uranium Energy Corp United States $164 $200 $096 $25984
TURE Ur-Energy Inc United States $098 $103 $062 $14965
DEVELOPMENT COMPANIES
VAEC Anfield Energy Inc United States $043 $065 $019 $962
ABKY Berkeley Energia Ltd Spain $077 $114 $066 $19892
TFCU Fission Uranium Corp Canada $068 $089 $055 $33036
TFSY Forsys Metals Corp Namibia $022 $024 $009 $3457
VGXU Goviex Uranium Inc Niger $020 $033 $017 $8689
TLAM Laramide Resources Ltd United States $0265 $055 $023 $3726
TNXE NexGen Energy Ltd Canada $265 $358 $211 $86725
VPLU Plateau Energy Metals Inc Peru $155 $169 $026 $9933
ATOE Toro Energy Limited Australia $0027 $0048 $0024 $5835
AVMY Vimy Resources Ltd Australia $012 $018 $0094 $4816
EXPLORATION COMPANIES
AAEE Aura Energy Limited Sweden Maritania $0022 $0035 $0019 $2351
TAZZ Azarga Uranium Corp United States $0245 $034 $018 $3846
ABMN Bannerman Resources Limited Namibia $0067 $007 $0026 $6900
ADYL Deep Yellow Limited Namibia $040 $044 $019 $7792
VFUU Fission 30 Corp Canada $014 $030 $008 $715
VVO ValOre Metals Corp Canada $056 $125 $052 $1409PTU
VPTU Purepoint Uranium Group Inc Canada $007 $010 $0055 $1434
VSYH Skyharbour Resources Ltd Canada $0435 $055 $031 $2379UEXCA
TUEX UEX Corporation Canada $0215 $0405 $015 $7481
OTHER
TU Uranium Participation Corp Canada $442 $468 $347 $60837
LYCA Yellow Cake Plc UK $21700 $22000 $19300 $16530
Note Currencies for the price and market cap are respective to the country of trade
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 6
TOP EQUITY NEWS
Management CompensationJuly 3 2018
Uranium trader Yellow Cake PLC debuts on AIM July 5 2018
Uranium is one of the few commodities yet to recoverJuly 6 2018
Pay cut for Vimy board and executivesJuly 6 2018
TNXE winter assay confirm uranium min-eralizationJuly 9 2018
Uranium outlook decidedly mixed favours Yello Cake plcJuly 12 2018
Can Cameco stock go higher after gaining 274 so far in 2018July 16 2018
TCCO reports Q2 and its decision to suspend production at McArthur RiverKey Lake for indeterminate durationJuly 25 2018
Paralysis in the market Cameco to layoff stadd indefinetely idle uranium plants July 27 2018
EQUITY INDEX
UEQUITIESPRODUCING COMPANIES COUNTRY FOCUS PRICE AS OF
0731201852 WEEK HIGH
52 WEEK LOW
MARKET CAP (MILLIONS)
TCCO Cameco Corp Canada $1406 $1595 $990 $548179
TDML Denison Mines Corp Canada $067 $080 $050 $36347
TEFR Energy Fuels Inc United States $383 $398 $166 $32934
AERA Energy Resources of Australia Limited Australia $041 $098 $039 $21227
UUEC Uranium Energy Corp United States $164 $200 $096 $25984
TURE Ur-Energy Inc United States $098 $103 $062 $14965
DEVELOPMENT COMPANIES
VAEC Anfield Energy Inc United States $043 $065 $019 $962
ABKY Berkeley Energia Ltd Spain $077 $114 $066 $19892
TFCU Fission Uranium Corp Canada $068 $089 $055 $33036
TFSY Forsys Metals Corp Namibia $022 $024 $009 $3457
VGXU Goviex Uranium Inc Niger $020 $033 $017 $8689
TLAM Laramide Resources Ltd United States $0265 $055 $023 $3726
TNXE NexGen Energy Ltd Canada $265 $358 $211 $86725
VPLU Plateau Energy Metals Inc Peru $155 $169 $026 $9933
ATOE Toro Energy Limited Australia $0027 $0048 $0024 $5835
AVMY Vimy Resources Ltd Australia $012 $018 $0094 $4816
EXPLORATION COMPANIES
AAEE Aura Energy Limited Sweden Maritania $0022 $0035 $0019 $2351
TAZZ Azarga Uranium Corp United States $0245 $034 $018 $3846
ABMN Bannerman Resources Limited Namibia $0067 $007 $0026 $6900
ADYL Deep Yellow Limited Namibia $040 $044 $019 $7792
VFUU Fission 30 Corp Canada $014 $030 $008 $715
VVO ValOre Metals Corp Canada $056 $125 $052 $1409PTU
VPTU Purepoint Uranium Group Inc Canada $007 $010 $0055 $1434
VSYH Skyharbour Resources Ltd Canada $0435 $055 $031 $2379UEXCA
TUEX UEX Corporation Canada $0215 $0405 $015 $7481
OTHER
TU Uranium Participation Corp Canada $442 $468 $347 $60837
LYCA Yellow Cake Plc UK $21700 $22000 $19300 $16530
Note Currencies for the price and market cap are respective to the country of trade
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 7
ProducersDevelopers
Explorers
UEQUITIES MONTHLY PERFORMANCE TOP POLITICS NEWS
SKorea steps up efforts to win Saudi Ara-biarsquos nuclear projectJuly 9 2018
Nuclear Energy just go a big vote of confi-denceJuly 11 2018
Could the US-China trade war affect the nuclear industryJuly 11 2018
How Russia China use nuclear reactors to win global influenceJuly 16 2018
Uranium a more compelling case for Na-tional SecurityJuly 19 2018
Canada unlikely to be spared from US ura-nium protectionJuly 19 2018
Potential impact of uranium tariffs on the Canadian economyJuly 19 2018
US tariffs on uranium imports can harm Kazakh suppliersJuly 26 2018
TOP ALTERNATIVE NEWS
Japan taps private sector for safer cheaper reactors July 11 2018
Flocking to Uranium July 20 2018
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
THE MONTHLY MONITOR | AUGUST 2018
THE MONTHY MONITOR | 8
ABOUT THE SLU3O8 OUTLOOK
The SLU3O8 Outlook is an in-depth forecast model optimized to anticipate the timing and extent of pending changes in uranium prices Projections are maintained quarterly and based on the analysis of uranium price movement relative to detailed supply and demand changes over the past 15 years
ABOUT THE SLU3O8 EQUITY INDEX
The SLU3O8 Equity Index tracks the relative share price of a select basket of uranium-based equities checking the marketrsquos reaction to industry activities The Index is based on share price movement since January 1 2012 (100000) of the following companies
bull AREVA SAbull Cameco Corporationbull Denison Mines Limitedbull Energy Fuels Incbull UEX Corporationbull UR-Energy Incbull Uranium Energy Corpbull Uranium Participation Corp
As the significant stock price movement of Fission Uranium Corp and NexGen Energy Ltd is a function of major uranium discoveries we have not included their stock performance in the Index to better reflect the uranium equities market in general
ABOUT SIGHTLINE SLU3O8
Sightline U3O8 is a monthly newsletter and supporting website created and maintained to provide uranium investors and industry stakeholders with a single source of insight into the ongoing factors that directly affect uranium prices
We welcome your comments questions and ideas Please contact us at editorsightlineu3o8com
www sightlineu3o8com
SIGHTLINE U3O8 UCOMPARABLES
UComparables will provide metrics and data that measure the performance of management the value of their projects and their financial health gathered across the entire spectrum of uranium exploration companies and uranium development companies
It is not our intention to provide analysis or opinion as to the investment potential of these companies We would expect investors to perform their own due diligence and arrive at their own conclusions
What we will look at are those metrics and data points common across the companies that investors can use as input to their decision making process
Follow-us on Twitter SightlineU3O8 or sign-up to our News Update to be notified when new data becomes available
Follow us SightlineU3O8
Disclaimer information The information contained on this newsletter is intended solely to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use The application and impact of laws can vary widely based on the specific facts involved Given the changing nature of laws rules and regulations there may be delays omissions or inaccuracies in information contained on this newsletter Accordingly the information on this article is provided with the understanding that the author(s) and publisher(s) are not herein engaged in rendering professional advice or services As such it should not be used as a substitute for consultation with a competent adviser Before making any decision or taking any action the reader should always consult a professional adviser relating to the relevant article posting
While every attempt has been made to ensure that the information contained on this newsletter has been obtained from reliable sources Sightline U3O8 is not responsible for any errors or omissions or for the results obtained from the use of this information All information on this newsletter is pro-vided ldquoas isrdquo with no guarantee of completeness accuracy timeliness or of the results obtained from the use of this information and without warranty of any kind express or implied including but not limited to warranties of performance merchantability and fitness for a particular purpose Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader In no event will Sightline U3O8 or its partners employees or agents be liable to the reader or anyone else for any decision made or action taken in reliance on the information on this newsletter or for any consequential special or similar damages even if advised of the possibility of such damages
![Western Uranium Corporation [Type text]western-uranium.com/media/Western Uranium Corp...2015, Western Uranium acquired Black Range Minerals Ltd to acquire additional uranium assets](https://img.dokumen.tips/doc/110x75/5e9e2fdc39245c320521c248/western-uranium-corporation-type-textwestern-uranium-corp-2015-western-uranium.jpg)
