Latitude Uranium (CSE:LUR) - Final Assay Results Confirm Extension of Mineralization

Interview with John Jentz, CEO of Latitude Uranium Inc. Our previous interview: https://www.cruxinvestor.com/posts/latitude-uranium-cselur-unlocking-tier-1-asset-as-prices-take-off-4421 Recording date: 5th December 2023 Latitude Uranium recently provided an update on drilling results from its 18-hole program in 2023. CEO John Jentz highlighted three key takeaways. First, mineralization has been extended and the overall resource has grown, as is visually evident in cross sections. Specific quantification will come when the resource is updated next year. Second, the discovery of a new lens represents what is believed to be hanging wall mineralization. If this geological theory holds up during further testing in 2024, substantial additional mineralization could be added across the broader deposit. Finally, improved understanding relates to cross cutting rock structures that allow ingress of mineralizing fluids. Higher grades frequently occur around these faults, allowing vectoring and targeting methods to become more refined. With the recent raising of C$6 million, Latitude is fully funded for operations in 2024. The current plan entails reopening drilling in late May, depending on weather conditions. A prioritized list of around 25 targets guides planning, but some flexibility is required based on ground accessibility. Work continues over January to refine the modeling and analysis behind these targets. Demonstrating resource growth and scale remains key to re-rating Latitude's valuation closer to peers. If the market response lags, alternate strategies like a preliminary economic assessment may be undertaken to showcase the attractive economics. The ultimate goal is cementing a 100 million pound world-class resource status. While spot price increases are an encouraging signal, contract pricing retains importance for developers like Latitude. Consensus continues to emerge around a new long-term price level. Latitude's project occupies an attractive niche - more advanced than early exploration but not yet requiring massive capital outlays. — Learn more: https://cruxinvestor.com/companies/latitude-uranium Sign up for Crux Investor: https://cruxinvestor.com