Uranium has become a flashpoint in an escalating trade battle between the US and Canada—one that could have far-reaching consequences for nuclear energy and supply chains.
Canada supplies more than a quarter of the uranium used to power US nuclear reactors, making it a critical energy partner. However, looming tariffs on energy imports—including uranium—could disrupt this relationship and send prices higher. While the Biden administration has delayed the decision until April 2, a potential 10% tariff could trigger a similar rise in uranium prices, according to Cameco CFO Grant Isaac. As one of Canada’s leading uranium producers, Cameco is closely watching the situation unfold.
The US has been aggressively pushing to expand its domestic uranium production, a move supported by bipartisan lawmakers and major tech giants like Google and Microsoft, which are investing heavily in nuclear energy to power AI-driven data centers. However, there’s a major hurdle—while Canada holds approximately 10% of the world’s uranium reserves, the US controls just 1%.
This disparity has created a growing demand for new uranium sources, particularly within North America. As the US moves to secure its energy future, junior exploration companies are stepping into the spotlight, positioning themselves to fill the gap in supply.
As the US works to secure its uranium supply, companies like Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) are strategically positioning themselves to benefit from the rising demand for uranium. With an active portfolio of exploration projects, Azincourt Energy is poised to play a critical role in the evolving uranium market. Let’s take a closer look at Azincourt’s approach to uranium exploration in this rapidly changing environment.
A Rising Player in Uranium Exploration
Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is a junior uranium exploration company strategically positioned to capitalize on growing nuclear fuel demand. With high-potential projects in Canada’s top uranium-producing regions, the company is well-placed to benefit from rising global energy needs and geopolitical shifts.
At the center of Azincourt Energy’s strategy is the Snegamook Uranium Project, a 423-hectare property located in Labrador’s Central Mineral Belt—one of Canada’s most promising but underexplored uranium regions.
Strategically positioned near Paladin Energy’s Michelin Deposit, one of the largest known uranium discoveries in Eastern Canada, Snegamook benefits from a geological setting that suggests strong resource potential. Despite the region’s uranium-rich nature, past exploration has been limited, leaving substantial room for discovery.
Historical drilling at Snegamook (2006-2008) has already confirmed uranium mineralization, with historical drilling uncovering 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). This suggests the presence of high-value deposits that could become increasingly attractive as global uranium demand intensifies. Snegamook is a prime candidate for further development, especially as uranium prices continue their upward trend.
Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is actively compiling historical data to refine its exploration strategy. As part of its ongoing efforts, the company is assessing drilling targets to expand on past discoveries and unlock Snegamook’s full potential, with the goal of establishing an initial resource estimate in the near future.
With North America in need of secure uranium supply and energy independence becoming a growing priority, Snegamook could emerge as a key uranium asset in the global market.
In addition to Snegamook, Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is advancing its East Preston Uranium Project, located in the Athabasca Basin—a region renowned for hosting some of the world’s highest-grade uranium deposits.
Situated near major uranium discoveries such as NexGen Energy’s Arrow Deposit and Paladin Energy’s Triple R Deposit, East Preston has attracted significant industry interest. Over $10 million has been invested into exploration since 2018, with multiple potential uranium-bearing structures identified across the property.
In August 2024, drilling confirmed uranium enrichment in alteration zones, indicating that East Preston holds strong potential for further discovery. Given its location in one of the most productive uranium districts globally, East Preston remains a key long-term asset for Azincourt as the uranium market continues to evolve.
Building on this, Azincourt announced a new geophysics program targeting the K and H Zones, where radon flux surveys will help refine upcoming drill targets. A winter 2026 drill program is also planned, with up to 1,500 meters of diamond drilling to follow up on earlier uranium-rich clay alteration discoveries.
Led by experienced geologists with a track record of major uranium discoveries, Azincourt Energy stands out in a sector where many new entrants lack exploration expertise. This team, combined with prime exploration assets, gives the company a competitive edge as it advances its projects.
With high-potential projects in two of Canada’s richest uranium districts, Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is well-positioned for significant growth in 2025. As uranium prices rise and institutional interest grows, Azincourt’s assets are gaining value, positioning it as a company to watch in the coming years.
Click on this link to learn more about Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).
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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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