The escalating US-Canada tariff dispute is casting uncertainty over America’s uranium supply, a critical resource for nuclear power. Canada supplies over a quarter of the uranium used in US reactors, but proposed tariffs from the Trump administration could increase costs by up to 10%, according to Cameco. While the tariffs are paused until April 2, the uncertainty is fueling concerns within the energy sector. With Google and Microsoft investing in nuclear power for AI-driven data centers and bipartisan lawmakers pushing for domestic uranium production, the pressure to secure stable supply is growing. However, with the US holding just 1% of global uranium reserves, Canada remains an essential partner. As the market adjusts, uranium companies like Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF), Cameco Corp. (TSX:CCO) (NYSE: CCJ/quote">NYSE: CCJ), NexGen Energy Ltd. (TSX:NXE) (NYSE: NXE/quote">NYSE: NXE), Uranium Energy Corp. (NYSE-A:UEC), and Denison Mines Corp. (TSX:DML) (NYSEAMERICAN:DNN) are positioning themselves to benefit, making strategic moves in a rapidly evolving market.
Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is advancing the Snegamook Uranium Project, a promising asset in Labrador’s Central Mineral Belt, one of Canada’s most underexplored yet uranium-rich regions. Located near Paladin Energy’s Michelin Deposit, Snegamook has already demonstrated strong uranium potential, with historical drilling (2006-2008) indicating multiple lenses of uranium mineralization over a 300-metre strike length and to a vertical depth of 200 metres, with grades ranging from 225 to 771 ppm U3O8. Some zones contain higher-grade uranium concentrations (e.g., 0.11% U3O8 over 3m). The project’s geology suggests open-pit mining potential, a key advantage as uranium prices continue to rise.
Azincourt is now in the process of conducting further exploration to build on past findings and establish an initial resource estimate at the Snegamook Project. As global uranium demand increases and supply tightens, Snegamook is well-positioned to become a valuable asset in the evolving energy landscape.
Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) also 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, home to some of the world’s largest high-grade uranium deposits. The project is strategically positioned near high-grade discoveries including NexGen Energy’s Arrow Deposit, Paladin’s Triple R Deposit and Cameco’s Spitfire Joint Venture.
Since 2018, over $10 million has been invested in exploration, leading to the discovery of multiple potentially uranium-bearing structures. In August 2024, Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) reported uranium enrichment in alteration zones, further confirming the project’s strong discovery potential.
Building on this momentum, the company announced plans in April 2025 for a new geophysics program at East Preston. The fall 2025 program will use radon flux surveys to refine drill targets in uranium-enriched clay alteration zones, followed by a winter 2026 drill campaign of up to 1,500 meters focused on the high-priority K and H Zones.
Led by a seasoned team with a strong track record in uranium exploration, Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) stands apart from newer players with limited experience. CEO Alex Klenman brings over 30 years of leadership in resource companies, while VP of Exploration Trevor Perkins, a geologist with 30 years of experience, played a key role in major uranium discoveries, including the Ōrora Uranium Deposit. Their expertise, combined with Azincourt’s strategic assets, provides a competitive edge as the uranium sector expands.
Click here for more information about Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).
Key Partnerships and Regulatory Milestones in the Uranium Industry
Cameco Corp. (TSX:CCO) (NYSE: CCJ/quote">NYSE: CCJ), one of the world’s largest uranium fuel suppliers, has joined Net Zero Nuclear as a strategic partner for 2025. This global initiative aims to triple nuclear energy capacity by 2050 to support energy security, decarbonization, technological advancements, and sustainable development. Ahead of COP30 in Brazil, Net Zero Nuclear will bring together political and industry leaders for data-driven discussions to accelerate nuclear expansion and innovation in advanced nuclear technologies. Cameco’s renewed partnership underscores strong industry support for Net Zero Nuclear, building on its contributions in 2023 and 2024.
NexGen Energy Ltd. (TSX:NXE) (NYSE: NXE/quote">NYSE: NXE) announced in March that the Canadian Nuclear Safety Commission (CNSC) has scheduled hearings for its Rook I Project on November 19, 2025, and February 9-13, 2026. NexGen began the Environmental Assessment process in April 2019, securing provincial approval in November 2023. The company has completed the federal technical review, with its Environmental Impact Statement accepted as final. Local communities have endorsed the project through Impact Benefit Agreements. While NexGen and its Indigenous partners welcome the hearings, they are assessing the timing’s impact on the project’s progress.
Uranium Energy Corp. (NYSE-A:UEC) achieved key milestones in Q2 2025, including uranium processing at its Wyoming ISR operations and advancing construction at the Burke Hollow ISR Mine in Texas. The acquisition of Rio Tinto’s Sweetwater Plant boosts UEC’s U.S. licensed uranium production capacity to over 12 million pounds annually. Financially, UEC reported $49.8M in Q2 revenue, $214M in liquid assets, and no debt. The Roughrider Project’s assessment shows a $946M post-tax NPV and an AISC of $20.48/lb U3O8. With an unhedged strategy, UEC capitalizes on rising uranium prices while expanding production in a tightening market.
Denison Mines Corp. (TSX:DML) (NYSEAMERICAN:DNN) announced in February that the Canadian Nuclear Safety Commission (CNSC) has scheduled public hearings for the Wheeler River Uranium Project on October 8 and December 8-12, 2025. This marks the final step in the federal approval process for the project’s Environmental Assessment and construction license. If approved promptly, site preparation for the Phoenix ISR project could begin in early 2026. The hearing follows key regulatory milestones, including the completion of the federal technical review and CNSC’s acceptance of Denison’s Environmental Impact Statement and License application in late 2024.
In November, Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) closed a non-brokered private placement, raising C$888,005 through 44.6 million non-flow-through units and 14.6 million flow-through units at C$0.015 each. Each unit includes one share and a warrant exercisable at C$0.05 until November 25, 2027. Funds will support exploration and general working capital.
Click here for more information about Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).
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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Azincourt Energy Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Azincourt Energy Corp.’s industry; (b) market opportunity; (c) Azincourt Energy Corp.’s business plans and strategies; (d) services that Azincourt Energy Corp. intends to offer; (e) Azincourt Energy Corp.’s milestone projections and targets; (f) Azincourt Energy Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Azincourt Energy Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Azincourt Energy Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Azincourt Energy Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Azincourt Energy Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Azincourt Energy Corp.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Azincourt Energy Corp.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Azincourt Energy Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Azincourt Energy Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Azincourt Energy Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Azincourt Energy Corp.’s business operations (e) Azincourt Energy Corp. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Azincourt Energy Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Azincourt Energy Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Azincourt Energy Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Azincourt Energy Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Azincourt Energy Corp. or such entities and are not necessarily indicative of future performance of Azincourt Energy Corp. or such entities.
8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by C. Trevor Perkins, P.Geo., Vice President at Azincourt Energy Corp. as the Qualified Person for the Company as defined in National Instrument 43-101.
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