ENRG Elements has renewed the exploration permits for its Agadez Uranium Project in the uranium-rich Tim Mersoi Basin in Niger.
The three-year permits, spanning approximately 726km², are now valid until November 2027.
The renewal follows positive engagement between ENRG Elements and Niger Mines Department officials.
The company has been actively exploring the site since its acquisition in May 2022 and has recently reported a substantial increase in mineral resources.
The company’s exploration efforts have included a 5,500m drilling campaign, which doubled the Mineral Resource Estimate at the Takardeit Deposit.
The deposit now stands at 31.2 million tonnes at 315 parts per million of triuranium octoxide (U3O8), amounting to 21.5 million pounds of U3O8 in the Inferred category.
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By GlobalData
Furthermore, the Agadez project has undergone a ground survey and trenching programme, which confirmed the geological potential and continuity of high-grade mineralisation.
Enrg Elements managing director Caroline Keats said: “The renewal of our permits from the Nigerien Government highlights the considerable confidence in ENRG’s in-country potential and the mining sector more broadly. In recent meetings with government, officials have echoed this sentiment and we look forward to advancing exploration initiatives at Agadez to unlock value for shareholders.
“The company’s management continues to explore opportunities for potential near-term exploration at Agadez, which will be based on pending results from our recently completed trenching programme.”
In August 2024, ENRG Elements acquired the Lamont Lake uranium exploration project in Saskatchewan, Canada, which is which said to be a highly prospective uranium province and favourable operating jurisdiction.
At that time, Keats said: “We are very pleased to have completed the acquisition of the Lamont Lake uranium project located in a world-class uranium province, which enhances ENRG’s Company’s strategy of diversifying jurisdictional risk and represents a valuable opportunity for ENRG, offering significant optionality and near-term exploration potential.”
