Uranium Co. Has Energy Solution for a World in Turmoil

Source: Bob Moriarty 04/30/2026

Bob Moriarty of 321gold.com examines U92 Energy Corp. (UTWO: TSX.V) as it has made a deal on an advanced exploration-stage uranium project in Guyana.

I was contacted a few days ago by a company perfectly positioned to benefit from the stupidity in the Middle East. The company is U92 Energy Corp. (UTWO: TSX.V). While I wasn’t familiar with their Chairman and CEO, Adam Clode, I am quite familiar with other members of their board and management. It’s a new company only trading since February.

U92 has done a deal on an advanced exploration-stage uranium project in Guyana on the north coast of South America called the Kurupung property. The details of the transaction are not on the website and the company is too young for a current and complete MDA. In any case, Kurupung has an historic 43-101 resource of just over 20 million pounds of U3O8 with a grade of about 0.0700%.

Adam Clode, the CEO, set up a conference call with me. He introduced himself and spent five minutes telling me the companies he started, put into production, and advanced over his career. My response was to ask him, “So basically you are telling me you can’t hold a job for long?” He laughed. So, did I. It was very funny. But he really did have an impressive CV.

The board and management are the same. Ross McElroy is a non-Executive director. He led Fission Uranium Corp into a CA$1.14 billion buyout in 2024 from Paladin Energy. He is joined as a non-Executive Director by Ambassador Otto Reich, former U.S. ambassador to Venezuela. Jon Wiesblatt is also a non-Executive Director. He runs Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS) as CEO. That happens to be one of my favorite companies. And Doctor Richard Spencer is a long-time friend. He was the President of U3O8, who did all of the original work, including 88,000 meters of drill core from 129,000 meters of drilling on the Kurupung uranium project.

The story is simple. The world needs an alternative, a Plan B as it were, for the Strait of Hormuz. While I believe Oman and Iran will continue to control the Strait of Hormuz, the war has demonstrated the need for alternatives. U92 has one.

The company is cheap only because it is brand new. Their peers get US$1.83 a pound for U3O8 while U92 trails the pack at US$0.52 a pound.

In comparison to their peers again in terms of grade, U92 stands out with about 15.5 pounds of U3O8 per tonne, and the price is about US$100 per pound. Comparable juniors show an open-pit average grade of 43-101 resource of about 0.048% per tonne, while U92 shows a historic resource grade of 0.070%.

Mineralization extends in all directions. U92 begins a 5,000-meter drill program in May and will be releasing results through October. Based on the historic discovery costs, U92 management believes they can expand the resource to 50 million pounds for a cost of about CA$13 million, with the cost per pound of discovery at about US$0.31 a pound.

In addition, management plans to have an updated current 43-101 in Q4 of 2026.

U92 is an advertiser. I did not have the opportunity to participate in the last private placement. I have gone into the open market and picked up a magnificent position of 2,000 shares, but would like a few more. I am biased, so do your own due diligence.

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Important Disclosures:

1. Bob Moriarty: I, or members of my immediate household or family, own securities of: U92 Energy Corp. and Trident Resources. My company has a financial relationship with: U92 Energy Corp. and Trident Resources. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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( Companies Mentioned: UTWO: TSX.V, )

Source: https://www.streetwisereports.com/article/2026/04/29/uranium-co-has-energy-solution-for-a-world-in-turmoil.html