Global Uranium (ASX:GUE) - Wyoming Project Targets 24-51M Lb Exploration Potential

Interview with Andrew Ferrier, Managing Director of Global Uranium & Enrichment

Recording date: 23rd July 2025

Global Uranium (ASX:GUE) has emerged as a compelling investment opportunity in the rapidly evolving uranium sector, strategically positioned to capitalize on America's growing need for domestic uranium production. Led by managing director Andrew Ferrier, the company has assembled a portfolio of assets and partnerships that address critical gaps in the US nuclear fuel supply chain.

The centerpiece of Global Uranium's strategy is the Pine Ridge project, a massive 70,000-acre uranium property in Wyoming's prestigious Powder River Basin. Acquired through a 50/50 joint venture with NASDAQ-listed Snow Lake for US$22.5 million, the project targets 24-51 million pounds of uranium potential, positioning it among the basin's top development opportunities. The strategic location, sitting between Cameco's Smith Ranch facility and Energy Fuels' northern operations, provides exceptional infrastructure advantages and geological confidence.

Global Uranium's competitive edge stems from proven permitting expertise that many uranium developers lack. Ferrier's team previously navigated the complex regulatory process to permit the Reno Creek uranium project, bringing rare technical knowledge to an industry where permitting failures have derailed numerous competitors. This expertise has already enabled rapid progress, with exploration permits secured and drilling operations commenced targeting a JORC resource by Q4 2025.

The company's investment strategy extends beyond traditional mining through its 22% stake in Ubaryon, a cutting-edge uranium enrichment technology company recently backed by Urenco, the Western world's largest enrichment operator. This partnership validates Ubaryon's chemical enrichment process, which could revolutionize nuclear fuel processing by bypassing traditional conversion steps.

With geopolitical tensions highlighting America's dangerous dependence on foreign uranium supplies, Global Uranium's domestic focus aligns perfectly with government priorities for energy security. As Ferrier notes, "The environment is very ripe in the US to support domestic production of US uranium," positioning the company at the forefront of America's uranium renaissance.

View Global Uranium and Enrichment's company profile: https://www.cruxinvestor.com/companies/okapi-resources-limited

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