Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

Disseminated on behalf of Cosa Resources Corp.

After spending a decade on the backburner, uranium is making an epic comeback.

In the past three years, uranium prices have skyrocketed, soaring 3.5X and leaping over 117% since the dawn of 2023, hitting a 12-year high.1

1 8 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market
Source: tradingeconomics.com (Feb. 9, 2024)

And this is just the beginning.

Nations are hungry for uranium, ramping up nuclear capacities to hit those zero-carbon sweet spots.

Even the biggest nuclear skeptics (Finland) have done a full 180, igniting a domino effect with Spain, Belgium, Sweden, and more jumping on the nuclear bandwagon.2

The uranium thirst from nuclear reactors is predicted to balloon by 28% by 2030 and nearly double by 2040.3

But here’s the twist: supply can’t keep up.

A decade-long bear market left uranium mining in the dust, slashing global production by 25% from 2016 to 2020.4

And with the world giving Russia the cold shoulder post-Ukraine invasion, the hunt is on for stable uranium sources. Enter Canada’s Cameco Corporation (Market Cap: $17.72B), the uranium titan, clinching a 12-year supply deal with Ukraine in early 2023.5

This deal is a goldmine for Canada’s Athabasca Basin players, especially the junior miners like Cosa Resources Corp. (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) – a company brimming with untapped potential.

Strategic stockpiling is squeezing supplies even tighter with Sprott Physical Uranium Trust (TSX: U.UN) (OTC: SRUUF) on a uranium shopping spree, doubling their holdings in two years with no stopping in sight.6

And the cherry on top? Soaring natural gas prices make nuclear power even sexier.

With the world’s uranium heavyweights, Cameco and Kazatomprom, sold out till 2027 and production cuts announced, the stage is set for a uranium bonanza.7,8

In this uranium gold rush, miners stand to benefit, especially those with room to grow like Cosa Resources Corp. (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU).

Learn How Cosa Resources Secured an Impressive Land Package in the World’s Highest Grade Uranium District! Click Here to Download the Corporate Presentation!

The Dream Team in the World’s Richest Uranium Hotspot

Cosa Resources Corp. (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) may be the new kid on the OTCQB and TSX Venture Exchange blocks,9,10 but don’t let their fresh face fool you. They come with a backstory that’s nothing short of legendary.

This team is a powerhouse of discovery, with a track record in Canada’s Athabasca Basin that’s nearly unrivaled. They’ve played significant roles in major finds over the past 15 years, including giants like IsoEnergy (Market Cap: $433.8M), Denison Mines (Market Cap: $1.99B), and NexGen Energy (Market Cap: $4.34B).

image7 e1699972748411 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market
image6 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market
image10 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

Chairman Steve Blower was a key member in the discovery of Denison’s Gryphon deposit, and later led IsoEnergy to the Hurricane Deposit discovery in 2018, packing a whopping 48.61M lbs of uranium.11 Fast forward to 2021, and he’s at it again with 92 Energy, uncovering the GMZ zone.12 Now, he’s on the hunt for the next uranium jackpot, rallying the IsoEnergy veterans to form the dream team at Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU).

Enter Keith Bodnarchuk, President & CEO, the corporate development wizard who led the charge to expand IsoEnergy’s project portfolio as one of the first movers in this uranium boom.

And let’s not forget Andy Carmichael, VP of Exploration, who expertly managed drilling and expansion of IsoEnergy’s Hurricane deposit, boasting an initial resource in 2022 as the highest-grade indicated uranium resource in Athabasca Basin history at 34.5%.

This dream team has staked their claim on a colossal land package (>165,000 hectares; >400,000 acres) throughout the Athabasca Basin region and Saskatchewan’s booming uranium industry, which propelled Canada to the world’s second-largest producer in 2022.13

They’re not just explorers; they’re financial wizards, too, having raised over $700 million in capital since 2017.

Cosa Resources’ (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) C$5 million private placement in June 2023 was snapped up largely by uranium funds,14 setting them up perfectly for their upcoming winter drill program and well into mid-2024.

The stars have aligned for Cosa Resources. With uranium on the cusp of a long-term bull market, this fresh-faced company, led by a team of seasoned pros, is poised to deliver staggering value for shareholders.

Keep your eyes peeled; Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) is the uranium story you don’t want to miss.

8 Sizzling Reasons

Why Cosa Resources is the Uranium Stock to Watch

1

Uranium Fever: Brace yourselves as uranium prices are set to continue upward, fueled by a global zero-carbon crusade, a supply squeeze that’s just heating up, and the added catalyst of large financial players buying physical uranium because they see what’s about to unfold.

2

Midas Touch: IsoEnergy legends Steve Blower, Keith Bodnarchuk, and Andy Carmichael bring a long history of striking gold in the Athabasca Basin.

3

Land of Plenty: Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) sits on a treasure trove in the Athabasca Basin, boasting a portfolio of 100% owned projects, rubbing shoulders with industry titans like Cameco.

4

Untapped Potential: A vast expanse of Cosa’s holdings remains unexplored, ripe for discovery with modern tech offering fresh perspectives.

5

Capital Kings: With a history of raising over $700 million since 2017, Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) has the strategic relationships to fuel their ambitions.

6

Funds on Hand: With C$5 million in the bank, this company is more than ready for its winter drill program and project advancements well into mid-2024.

7

Confidence Vote: With management and advisors holding a significant ~24% and funds and strategic investors another ~21%, it’s a resounding nod of approval for potential investors.

8

Catalyst Countdown: Keep your eyes peeled for Q4 2023, as Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) continues to advance and discuss exploration at their top uranium projects.

Long-Term Uranium Demand & Squeeze

Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) is entering the uranium race at the best possible time, at the beginning of what many are predicting to be a long bull run.

As the world clamors to meet net-zero goals, the nuclear sector is supercharging, pushing uranium demand into the stratosphere.

Global investments into extending the lives of existing plants and building new reactors and Small Modular Reactors (SMRs) mean more uranium is needed to fuel this dream, with uranium demand expected to nearly double by 2040.15

But here’s where the plot thickens: a supply squeeze is tightening its grip, thanks to strategic physical investments from Sprott Physical Uranium Trust (TSX: U.UN) (OTC: SRUUF), the titan of physical uranium funds and the only one of its kind listed publicly.

Sprott has ballooned its uranium holdings twofold in just two years, amassing a staggering 62.6 million pounds16 with a Total Net Asset Value of $5.119 billion.17

image4 2 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

And if you’re waiting for Sprott to hit the brakes, think again. CEO John Ciampaglia is betting on this uranium bull market to be a marathon, not a sprint, predicting years of sustained growth ahead.18

Learn How Cosa Resources Secured an Impressive Land Package in the World’s Highest Grade Uranium District! Click Here to Download the Corporate Presentation!

Canada’s Uranium Empire Strikes Back: Cosa Resources Leads the Charge

In the heart of Canada’s uranium country, Saskatchewan stands as the nation’s powerhouse, the sole producer of this critical resource.19

It’s here, amidst the legendary Athabasca Basin, that the world’s most coveted uranium exploration unfolds, boasting the planet’s richest uranium deposits.

Cameco (TSX: CCO) leads the charge with two colossal mines:

      • McArthur RiverMine: The globe’s most abundant high-grade uranium deposit, with a staggering 535 million pounds of uranium already produced and reserves boasting another 275 million pounds of U3O8.20,21
      • Cigar Lake Mine: A titan in its own right, having produced 105 million pounds of uranium, with reserves teeming with an additional 84.4 million pounds of U3O8.22

Amidst these giants lies Cosa Resources’ (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) treasure trove of land. Perfectly positioned in the Athabasca Basin, Cosa’s portfolio could have what it takes to become the next big uranium play.

The numbers speak for themselves (January 1, 2023 to October 31, 2023):

      • Cosa Resources: up 82%
      • Cameco: up 67%
      • Uranium Energy Corp: up 51%
      • NexGen Energy: up 41%
      • Denison Mines: up 36%
      • IsoEnergy: up 29%

It makes you wonder what Cosa Resources’ (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) stock will do when the company releases new plans and results and hits the ground running on drilling in early 2024.

1 5 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

Unlocking the Athabasca Basin’s Next Discovery Chapter

In the heart of the Athabasca Basin, Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) is charting a course through under-explored territories with a clear vision.

The map below is not just a representation of land; it’s a blueprint of potential, illustrating Cosa Resources’ 100% ownership of nine uranium exploration properties spanning over 165,000 hectares.

image8 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

The map also shows the pattern of the region’s high-grade uranium discoveries: the long northeast-trending uranium corridors along the eastern side of the basin.

The eastern side contains all the current producing mines, including Cigar Lake and MacArthur River, and a tremendous amount of infrastructure and access. But it’s also extensively explored, making it less likely for anyone to discover the next elephant-sized deposit.

That’s why Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) strategically acquired projects in the next logical place to go: the Cable Bay Shear Zone (as seen in the map below).

image10 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

Here lies the potential of discovery, where only a few exploratory drills have ever touched down, and where early signs of uranium hint at a fertile ground ripe for a significant find.

By securing a commanding presence along 60 km of the Cable Bay Shear Zone, Cosa Resources is positioned just a stone’s throw from the world-famous McArthur River mine.

image9 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) completed airborne geophysics (MobileMT) on their Ursa Project in Q3 2023.

The aerial survey at the Ursa project uncovered over 100 kilometers of areas highly likely to contain uranium deposits. This part of the Athabasca Basin was previously unexplored and undrilled, making the find particularly significant.

The use of advanced survey technology has allowed Cosa to identify potential uranium-rich zones with unprecedented precision. The results are so promising that the company is planning detailed ground studies and drilling in 2024 to further explore these exciting findings at Ursa.

At the same time, Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) has released encouraging results and is advancing its Orion Project, which they believe to be a continuation of the Larocque trend extending down from the northeast where it hosts the Hurricane deposit (as seen in the map below).

image12 2 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull Market

Orion is 45 km (28 miles) from McArthur River and 29 km (18 miles) from Cigar Lake uranium mine. It also covers an interpreted extension of the uranium corridor where IsoEnergy discovered their high-grade Hurricane Deposit in 2018 (Indicated Mineral Resources of 48.61M lbs uranium).28

As with the Ursa Project, Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) completed airborne geophysics (MobileMT) on Orion in Q3 2023, revealing more than 10 km of potential uranium deposit areas. Like Ursa, these zones at Orion are untapped, with no prior drilling or exploration conducted.

Cosa is now preparing for an exciting phase of ground-level exploration and drilling in 2024 to confirm and expand upon these tantalizing prospects at Orion.

Cosa Resources’ Treasure Trove of Exploration Gems

The visionary team at Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU), inspired by the game-changing Hurricane discovery at IsoEnergy, know that true value often lies hidden, waiting to be unearthed across a spectrum of prospects.

It’s with this insight that they curate an impressive portfolio of exploration projects, each selected with the foresight to secure surrounding land, ensuring they hold the keys to potential underground fortunes.

In addition to their Eclipse and Polaris projects, the company’s other 100% owned projects include:

      • Astro: Continues many of the trends associated with Ursa.
      • Helios: Captures an extremely under-explored portion of the Grease River Shear Zone along the northern rim of the Athabasca Basin
      • Orbit: Represents a known graphitic trend with structure and alteration that are key components of a uranium deposit, and were not followed up along strike.
      • Charcoal & Castor: Represent prominent magnetic low anomalies that extend northeast from, or parallel to, those that host the Eagle Point Mine.

With many distinct projects under their belt, Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) isn’t just on the hunt for the next big uranium discovery in the Athabasca Basin—they’re on the cusp of a new era of discovery.

Cutting-Edge Tech & Targeted Exploration Plans

Cosa Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) is turning to modern technology to overcome past limitations. Previous drilling efforts on the Ursa property fell short due to outdated methods, with many drills missing their conductive marks.

Today, the company is harnessing the power of advanced MobileMT electromagnetic (EM) technology to illuminate the depths of Ursa and Orion projects, revealing deeper geological anomalies that hint at promising uranium deposits. Equally as exciting is the fact that virtually none of the existing drilling is within several kilometers of Cosa’s newly identified high priority target areas29

Armed with this new EM insight, Cosa is set to refine targets with ground geophysics in the final quarter of 2023, paving the way for a strategic drill campaign in early 2024 at their flagship Ursa Project.

But the innovation doesn’t stop there. Cosa (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) has a clear vision for 2024, with plans to deploy MobileMT EM surveys across Helios, Astro, and Orbit, complemented by gravity surveys for Castor and Charcoal.

This approach will sharpen their drill targeting, streamlining their quest to unlock the next significant uranium find.

Solid Financial Foundation and Committed Stakeholders

COSA Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) stands on firm financial ground with a C$5M cash reserve and maintains a tightly managed share structure.

image11 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketSource: Cosa Resources investor presentation

Reinforcing investor confidence, nearly a quarter (approximately 24%) of COSA Resources (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) is owned by its management and advisors, ensuring that those who steer the company’s direction are personally invested in its success.

Meanwhile savvy funds and strategic investors own around 21%, a testament to their belief in the company’s capable team and the promising trajectory of its projects.

image13 2 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketSource: Cosa Resources investor presentation

Track Record of Value Creation

As we’ve already seen, Cosa Resources’ (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) leadership team has made significant technical and corporate contributions toward building successful mining companies and making major uranium discoveries in the Athabasca Basin.

Here’s more about the achievements of the team’s top members.

image4 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketKeith BodnarchukPresident & CEO, Director

  • Professional Geoscientist
  • 15+ years in exploration, mining and capital markets
  • Spearheaded strategy and corporate development for IsoEnergy
  • Current VP of Corporate Development at Inventa Capital
  • Advisor to Archer Exploration
  • Former Project Geologist at Denison Mines
image3 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketSteve BlowerChairman

  • Geologist with 30+ years in minerals industry, including mine geology, resource estimation and exploration
  • Former President and CEO of Pitchstone Exploration Ltd.
  • Former VP Exploration for Denison Mines
  • Former VP Exploration for IsoEnergy
  • Co-recipient of AME 2022 Colin Spence Award for excellence in global mineral exploration for role in the Hurricane uranium discovery
  • Consultant/Director of 92 Energy
  • Involved in 3 uranium discoveries in the Athabasca Basin
image9 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketCraig ParryAdvisor

  • 20+ years in resources sector
  • Co-founder and former President, CEO and Director of IsoEnergy
  • Co-recipient of AME 2022 Colin Spence Award for excellence in global mineral exploration for role in the Hurricane uranium discovery
  • Co-founder and founding director of NexGen Energy
  • Co-founder and Partner of private natural resource investment company Inventa Capital
  • Chairman of Vizsla Silver and Skeena Resources
  • General Partner and former senior advisor of EMR Capital
  • Led international exploration programs for Rio Tinto (iron ore, copper, diamonds, coal, bauxite)
  • Principal Geologist for Kintyre Uranium project’s pre-feasibility study
image1 4 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketJustin RodkoCorporate Development Manager

  • Professional Geoscientist
  • Nearly a decade of uranium exploration experience in Saskatchewan and Nunavut
  • Original member of the IsoEnergy exploration team, most recently as Senior Geologist
  • Co-recipient of AME 2022 Colin Spence Award for excellence in global mineral exploration for role in the Hurricane uranium discovery
image2 1 Uranium Thrusts The World’s Highest-Grade Region Into The Spotlight As It Enters a Bull MarketAndy CarmichaelVice President of Exploration

  • Professional Geoscientist with 19+ years in mineral exploration
  • 17+ years focused on exploring for uranium deposits in the Athabasca Basin, Hornby Bay Basin, Colorado Plateau and Namibia
  • Former VP of Exploration at IsoEnergy
  • Co-recipient of AME 2022 Colin Spence Award for excellence in global mineral exploration for role in the Hurricane uranium discovery
  • Previously worked at Triple R, Phoenix, Gryphon, and J-Zone deposits

8 Reasons

Cosa Resources Could be the Next Breakout Uranium Stock

1

Hot Market Outlook: Prices expected to keep climbing and supply to remain squeezed

2

Track Record of Discovery: Contributions by Steve Blower, Keith Bodnarchuk Andy Carmichael, and Justin Rodko, all Geologists formerly with IsoEnergy, toward major Athabasca Basin discoveries

3

Premium Land Package: High-upside projects in Athabasca Basin near industry leaders like Cameco (TSX: CCO | Market Cap: $17.72B) with Limited historic exploration without the benefits of modern technologies

4

Strategic Relationships: Access to capital due to past successes and raising >$700 million since 2017

5

Fully Funded: ~C$5 million in cash for upcoming winter drill program and advancing projects into 2024

6

Reassuring Ownership: High ownership by management and advisors (~24%) and funds and strategic investors (~21%)

7

Near-Term Catalysts: Ground geophysics and aggressive diamond drilling expected to begin Q4/2023 and Q1/2024.

8

Significant Upside Potential: Low stock price with only 46 million outstanding shares has room to increase through uranium discovery success and further land acquisitions

With the new uranium bull market just getting started, it’s an exciting time for Cosa Resources Corp. (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) and its shareholders. Keep a close eye on the company’s stock as the market starts to learn more about this relatively new story with its best-in-class team, ideally located land package, and upcoming exploration results.

To stay on top of Cosa Resources’ (TSXV:COSA) (OTCQB:COSAF) (FRA:SSKU) upcoming news and updates, subscribe here.

Learn How Cosa Resources Secured an Impressive Land Package in the World’s Highest Grade Uranium District! Click Here to Download the Corporate Presentation!

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