The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

On behalf of Azincourt Energy Corp.

Something big is happening in the uranium market.

And the world’s richest, most powerful investors are getting in early.

Bill Gates. Jeff Bezos. Sam Altman.

image10 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

They’ve made their billions pioneering tech revolutions—Amazon, Microsoft, OpenAI.

Now, they’re betting big on nuclear energy.

Gates founded TerraPower, a company developing next-gen nuclear reactors.1 His Natrium reactor just secured a $2 billion commitment from the US Department of Energy2—plus $1 billion in private funding.3

Bezos is backing General Fusion, a Canadian company working to commercialize fusion energy—a technology so powerful it replicates the energy of the sun.4

Altman is going all in on Oklo, a startup building micro-reactors that can run on nuclear waste.5

Why?

Because the world desperately needs more energy.

The International Energy Agency (IEA) projects global electricity demand will surge over 50% by 2050.6 AI-driven data centers, EVs, and the push for clean, baseload power are fueling an energy crisis.

Goldman Sachs predicts data center power demand alone will jump 160% by 2030.7

image4 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

Nuclear is the only power source that can keep up.

Governments are catching on.

The US just poured $6 billion into nuclear energy through the Bipartisan infrastructure law.8

The Trump administration is pushing for energy dominance, fast-tracking policies to boost domestic uranium production and cut reliance on Russian imports.9

For uranium investors, this is the perfect storm.

UEC: The $3.11B Juggernaut That Was Once a Tiny Uranium Stock

Uranium Energy Corp (NYSEAMERICAN: UEC) wasn’t always a $3.11 billion powerhouse.

Go back 5 years, and UEC was a small, overlooked uranium junior trading at just $0.60 per share—just like the one we’re about to introduce.

image3 2 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

Most investors ignored it.

But those who saw the uranium boom coming? They made a fortune.

UEC exploded as uranium demand surged. Shares skyrocketed over 2,500%, transforming early believers into millionaires.

Now, the market is hunting for the next UEC.

A Tiny Uranium Explorer Could Be Poised for a Big Breakout

Enter Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).

Just like UEC a decade ago, Azincourt Energy is a small uranium junior with a lot of potential.

It’s sitting on prime uranium assets in Canada’s Athabasca Basin and Central Mineral Belt—home to some of the richest uranium deposits in the world.

Drill programs are already underway.

Momentum is building.

With billionaire-backed nuclear investments and a global energy crisis looming, Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) could potentially be the next big winner in the uranium market.

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New Presidential Administration’s Energy Dominance Plan: The Push to Revive US Uranium

The Trump administration isn’t just talking about American energy independence—it’s taking action.

New policies, executive orders, and billions in funding are setting the stage for a uranium revival—meaning the companies positioned to benefit, like Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF), could see significant growth.

The Trump administration is going all-in on uranium.

      1. President Trump established the National Energy Dominance Council to advise on increasing domestic energy production, including uranium10.
      2. The administration plans to examine land protections to allow more access for uranium mining on federal lands and use taxpayer funds to support “at least two US uranium mines”11.
      3. Trump’s executive order on “Unleashing American Energy” directs agencies to facilitate uranium development and transportation12.
      4. The administration is building on the ADVANCE Act, which aims to modernize licensing for new nuclear technologies.
      5. There’s a push to place uranium back on the critical minerals list, making uranium developments eligible for lucrative incentives.
      6. The Prohibiting Russian Uranium Imports Act, passed in 2024, restricts imports of Russian uranium and unlocks $2.7 billion for domestic fuel production13.

Trump’s Uranium Dilemma: America’s Energy Plan Has One Big Problem

The US barely produces any uranium.

Despite the push for domestic supply, almost all the uranium fueling US reactors is imported.

The US Uranium Supply Crisis

      • Only 1% of America’s nuclear fuel comes from domestic sources.14
      • US uranium production is at historic lows—just 121,296 pounds U₃O₈ were produced in Q3 2024.
      • Nearly 25% of US uranium demand is met by Canada alone.
      • The US nuclear industry is scrambling for new sources, even asking the Department of Energy for enriched uranium to meet reactor demand.

Despite having over 1.2 billion pounds of uranium reserves,15 American production is nowhere near self-sufficient.

That’s why Canada plays such a critical role.

Canada: The Unofficial Backbone of America’s Nuclear Industry

For decades, Canada has been the go-to supplier of uranium for US reactors.

      • In 2018, Canadian uranium exports to the US were valued at over $600 million.
      • The majority of Canadian uranium production is sent directly to US utilities.
      • If Canadian supply were cut off, America’s nuclear energy sector would face a serious crisis.

This is where the opportunity lies.

The US needs more uranium. And fast.

With demand surging, America will be forced to rely even more on safe, stable North American uranium producers—companies positioned outside of geopolitical risks and capable of supplying the growing shortfall.

One company is already in position to potentially capitalize on this shift—and it could be the next big name in the uranium sector.

8 Reasons

Why the US Needs Companies Like Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF)

1

The US Has a Massive Uranium Supply Problem
Despite its push for energy dominance, the US produces only 10% of the uranium it needs for nuclear power. The rest is imported, leaving the country dangerously dependent on foreign suppliers.

2

Canada is America’s Uranium Lifeline
Nearly 25% of US uranium demand is met by Canadian producers. As geopolitical tensions rise, securing stable, North American uranium sources is becoming a national priority.

3

Trump’s Pro-Uranium Policies Are Fueling Demand
The Trump administration is aggressively pushing to rebuild US nuclear fuel supply. This means billions in funding, tax incentives, and policy shifts that favor companies that could help meet this demand in the future—like Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).

4

The US Nuclear Industry Needs New Supply Fast
The US nuclear industry has already asked the Department of Energy for enriched uranium, signaling an urgent need for domestic-friendly suppliers.

5

The AI and Data Center Boom is Driving Energy Demand
Goldman Sachs predicts AI-driven data centers will increase power consumption by 160% by 2030. Nuclear is the only scalable, carbon-free energy source that can handle this surge—meaning uranium demand is only going higher.

6

Uranium Prices Are Rising, Creating a Perfect Storm for Miners
With demand soaring and supply tightening, uranium prices have been steadily climbing. Junior explorers like Azincourt stand to benefit the most as higher prices make their projects increasingly valuable.

7

Following in UEC’s Footsteps: The Next Big Uranium Play?
Five years ago, Uranium Energy Corp was a small, overlooked uranium explorer. Today, it’s a $3.11 billion powerhouse. Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) is potentially now where UEC was 10 years ago, sitting on prime uranium assets in Canada’s Athabasca Basin that could contain uranium resources.

8

Drill Programs Are Underway—Momentum is Building
Azincourt isn’t just another speculative play. Exploration is active, drill programs are in motion, and results are coming in. As institutional investors pile into uranium stocks, Azincourt has a real chance to break out in this bull market.

Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF): A Deep Dive into Its High-Potential Uranium Projects

As the uranium market continues its bullish trajectory, Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) is emerging as a junior explorer with significant upside potential. 

With strategic projects in Canada’s premier uranium-producing regions, the company is well-positioned to capitalize on the growing demand for nuclear fuel.

Azincourt’s (TSXV:AAZ) (OTCQB:AZURF) portfolio includes two key uranium projects:

      1. Snegamook Uranium Project – Situated in Labrador’s Central Mineral Belt, one of Canada’s most prolific uranium districts.
      2. East Preston Uranium Project – Located in Saskatchewan’s Athabasca Basin, home to the world’s richest uranium deposits.

Let’s break down the exploration history, drilling results, and investment potential of each project.

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Snegamook Uranium Project – Central Mineral Belt, Labrador

image9 1 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

While East Preston is Azincourt Energy’s (TSXV:AAZ) (OTCQB:AZURF) flagship project, Snegamook represents an exciting new addition with historical uranium discoveries.

Size & Ownership:

      • Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) has an option to acquire a 100% interest in the Snegamook Uranium Project, covering 425 hectares in Labrador’s Central Mineral Belt.
      • The project is located near several large-scale uranium discoveries including the Two Time, Moran, Kitts, and Jacques Lake deposits. The region also hosts Paladin Energy’s (ASX: PDN) Michelin deposit, one of the world’s largest undeveloped uranium resources (84.1Mlb U₃O₈).16

Historical Exploration & Drilling Results:

      • Previous exploration (2006-2008) by Silver Spruce Resources led to the discovery of four uranium-bearing lenses in the “Snegamook Zone”, as well as mineralization 500m to the southeast.
      • Key drill results:
        • Snegamook Zone
          • SN-08-8: 206 ppm U₃O₈ over 73 meters17
          • SN-08-06: 0.11% U₃O₈ over 4.5 meters including 0.97% over 0.5 meters 
        • Southeast
          • SN-08-18: 0.11% U₃O₈ over 3 meters
          • SN-08-20: 0.11% U₃O₈ over 2 meters

While these grades are lower than high-grade Athabasca uranium deposits, they are in line with open-pit uranium mines globally.

image2 1 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

Exploration Plans:

      • Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) is currently compiling historical drill data and designing a maiden drill program to expand on the known mineralization in 2025.18
      • Targets include:
        • Extension of known uranium lenses to test for deeper, higher-grade zones.
        • Radon anomalies and geophysical targets not previously drill-tested.

Why Snegamook Matters

      • The Central Mineral Belt is one of Canada’s most prolific uranium districts, but remains largely underexplored.
      • The presence of near-surface uranium mineralization makes the project a strong candidate for open-pit mining, which has lower capex and faster development timelines.
      • With uranium prices rising, historical projects like Snegamook that were once overlooked could become very valuable assets.

East Preston Uranium Project – Athabasca Basin, Saskatchewan

Size & Ownership:

image7 3 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

      • Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) holds an 87% interest in the 20,674-hectare East Preston Project, one of the largest land packages in the Paterson Lake region of the Athabasca Basin.
      • The project is strategically positioned near high-grade uranium discoveries like:
        • NexGen Energy’s (TSX:NXE) Arrow Deposit
        • Paladin’s (OTCQX:PALAF) Triple R Deposit
        • Cameco’s (NYSE:CCJ) Spitfire Joint Venture

1 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

Exploration History:

      • Over C$10 million in exploration expenditures have been invested since 2018, significantly advancing the East Preston project.
      • A combination of geophysics, airborne surveys, and drilling has delineated multiple prospective uranium targets.

image6 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

Azincourt Energy’s (TSXV:AAZ) (OTCQB:AZURF) exploration efforts have consistently identified uranium-bearing structures and hydrothermal alteration, indicating the potential for a uranium discovery.

Recent Drill Campaigns:

2021-2022 Winter Drill Program

      • A 5,004-meter program across 19 drill holes identified approximately 1,700 meters of alteration zones, suggesting the presence of hydrothermal systems conducive to uranium mineralization.19
      • 1,700 meters of alteration zones discovered, indicating a favorable environment for uranium mineralization.

2022-2023 Winter Drill Program

      • 3,066 meters completed across 13 holes.
      • Key results:
        • Extensive dravite, illite, and kaolinite clay alteration confirmed in K-Zone.
        • Elevated radioactivity identified in G-Zone.
        • K-Zone alteration zone extended by 300m to a total of 1,500m strike length.

These findings are significant because clay alteration, particularly illite and dravite, is closely associated with major uranium deposits in the Athabasca Basin.

2024 Winter Drill Program – The Breakthrough Year?

      • 1,086 meters drilled across four diamond drill holes20
      • Expansion of uranium-bearing alteration halos to a 3km strike length in H-Zone
      • Anomalous uranium enrichment confirmed in K-Zone

Why This Matters:

      • East Preston has all the hallmarks of a major basement-hosted uranium deposit, similar to NexGen’s Arrow and Cameco’s Eagle Point deposits.
      • The presence of conductive corridors, intersecting fault structures, hydrothermal clay alteration, and uranium and pathfinder element enrichment suggests the potential for a significant discovery.
      • As uranium prices rise, junior explorers with promising assets in the Athabasca Basin are seeing increased institutional interest and potential M&A activity.

Why Azincourt’s Projects Stand Out in the Uranium Bull Market

1️⃣ Prime Location in the World’s Top Uranium Regions

      • Athabasca Basin: Home to the highest-grade uranium deposits on the planet.
      • Central Mineral Belt: Hosts one of the largest undeveloped uranium resources (Michelin Deposit – 82Mlbs U₃O₈).

2️⃣ Strong Exploration Progress & Drill Results

      • East Preston: 14,500+ meters drilled, uranium-bearing alteration, strong structural targets.
      • Snegamook: Historical uranium lenses, drill-ready targets for expansion.

3️⃣ Growing Demand for Uranium Amid Supply Shortfalls

      • Global uranium demand is projected to rise 28% by 2030.21
      • The US needs domestic-friendly suppliers  as it seeks to cut dependence on Russian uranium.

4️⃣ M&A Potential in a Consolidating Industry

      • Uranium juniors with advanced projects in Tier 1 mining jurisdictions are prime acquisition targets.
      • Companies like UEC, Cameco, and Paladin Energy are actively acquiring assets.

5️⃣ Following in the Footsteps of Uranium Energy Corp (UEC)

      • UEC was a tiny uranium junior a decade ago—now it’s a $3.11 billion leader.
      • Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) today looks a lot like UEC did in its early years—a small but strategic uranium explorer with potentially highly valuable projects.

Azincourt Energy: Why This Uranium Junior Looks Like UEC in Its Early Days

Go back ten years, and Uranium Energy Corp. (NYSEAMERICAN:UEC) was a tiny, overlooked uranium explorer.

Most investors ignored it.

It had promising assets, a strong exploration plan, and a vision to capitalize on the nuclear renaissance—but no one was paying attention.

Then, everything changed.

UEC made a game-changing uranium discovery, secured key projects, and positioned itself as a dominant US uranium supplier.

Investors who spotted it early made a fortune as UEC skyrocketed from a junior explorer to a $3.11 billion industry leader.

Now, history could be repeating itself.

Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) is sitting on some of Canada’s most promising uranium assets—just like UEC did a decade ago.

      • East Preston Uranium Project – A prime uranium exploration play in Saskatchewan’s Athabasca Basin, home to the world’s richest uranium deposits.
      • Snegamook Uranium Project – A newly acquired asset in Labrador’s Central Mineral Belt, one of Canada’s most underexplored uranium districts.

Both projects have already shown strong uranium indicators, and exploration programs are actively underway.

This is exactly how UEC started.

Azincourt Energy’s (TSXV:AAZ) (OTCQB:AZURF) East Preston Project is situated in the same geologic setting near NexGen Energy’s Arrow Deposit and Paladin Energy’s Triple R Deposit—two of the most successful uranium discoveries in recent history.

image8 1 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

And the results are starting to come in.

      • Over 14,500 meters drilled to date22,23,24
      • 10km of alteration zones similar to major uranium deposits
      • Elevated radioactivity and uranium enrichment detected

This is how uranium giants are born.

NexGen Energy (TSX:NXE) once had a tiny market cap before discovering 256 million lbs of U₃O₈. Today, it’s worth $4.14 billion.

Azincourt Energy’s (TSXV:AAZ) (OTCQB:AZURF) Snegamook Project is situated in the Central Mining Belt of Labrador which hosts Paladin Energy’s (ASX: PDN) Michelin Deposit—an 84 Mlb uranium deposit.25

image1 1 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain Sight

Historical drilling at Snegamook already hit uranium:26

      • 73 meters of 206 ppm U₃O₈
      • Multiple uranium-bearing lenses

This project has barely been explored—but it could potentially hold significant uranium resources just waiting to be uncovered.

A decade ago, UEC was a small-cap uranium stock trading for pennies.

Then it made a breakthrough uranium discovery, built a strong portfolio, and surged to a $3.11 billion valuation.

Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is now in a similar position:

✅ Early-stage exploration success
✅ Strategic uranium assets in Canada’s best uranium belts
Exploration programs fully funded and ongoing
✅ Riding the uranium bull market

Could Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF)  be next?

The Power Players Behind Azincourt Energy: A Leadership Team Built for Uranium’s Next Boom

Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is propelled by a team of seasoned professionals, each bringing a wealth of experience in mining exploration, corporate finance, and strategic development. Their collective expertise positions the company at the forefront of uranium and lithium exploration.

image11 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain SightAlex KlenmanPresident, CEO & Director

At the helm is Alex Klenman, who has served as President and CEO since July 2017. With over 30 years in the private and public sectors, Mr. Klenman has a diverse background encompassing business development, marketing, finance, media, and corporate communications. His leadership roles span several publicly traded resource companies, including positions with Cross River Ventures, Leocor Gold, Nexus Gold Corp, and Manning Ventures.
image5 1 The Billionaire Bet on Uranium: The Next UEC Could Be Hiding in Plain SightC. Trevor PerkinsB.Sc., P.Geo. – Vice President, Exploration

Leading Azincourt’s exploration efforts is C. Trevor Perkins, a Professional Geologist with a 30-year track record in mineral exploration. Before joining Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF), Mr. Perkins served as Exploration Manager for UEX Corporation, overseeing projects in Saskatchewan’s Athabasca Basin. His tenure at UEX was marked by significant achievements, including the discovery of the Ōrora Uranium Deposit in 2017. Mr. Perkins also brings valuable experience from his roles at Rio Tinto and a decade-long career with Cameco Corporation, where he led teams responsible for major uranium discoveries, such as the McArthur River North Extension zones and the Angulari Uranium Deposit.

Could Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) Be the Next UEC?

Only time will tell.

But uranium is back in the spotlight. Billionaires, hedge funds, and governments are pouring billions into nuclear energy.

And the uranium juniors with the best projects?

They could be tomorrow’s major success stories.

Azincourt Energy’s (TSXV:AAZ) (OTCQB:AZURF) is already making progress—but the market hasn’t caught on yet.

For investors seeking the next big uranium breakout, this could potentially be a hidden gem that’s still flying under the radar.

To get more information on the company, subscribe now to download their corporate presentation here.

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