Azincourt Energy Doubles Down On Discovery Potential With Big Hill Lithium Acquisition

Azincourt Energy is developing critical alternative energy projects and currently exploring for uranium in Saskatchewan's Athabasca Basin, targeting Canada’s next uranium discovery. They are one step closer to that distinction having completed a Winter 2023 drill program at their flagship East Preston project. Azincourt recently announced the acquisition of a Lithium project in Newfoundland that diversifies exploration potential while providing multiple projects allowing for year round exploration activities and discovery opportunities. Azincourt Energy's extensive drill program for the winter of 2022-2023, consisted of 3,066 metres in 13 drill holes. Two drill rigs were able to complete 12 drill holes focusing on 4 zones, continuing to evaluate the alteration zones and elevated uranium identified during the 2022 drill campaign. The drilling has confirmed that the geophysical conductors comprise structurally disrupted zones hosting accumulations of graphite, sulphides, and carbonates, with hydrothermal alteration, anomalous radioactivity, and elevated uranium present in these zones. Azincourt considers the drilling results to date to be significant, as major uranium discoveries in the Athabasca Basin such as McArthur River, Key Lake, and Millennium were primarily the result of drill testing of strong alteration zones related to conductor features. The decision to explore for uranium is driven by the increasing global demand for clean energy and the stronger demand for uranium than available supply, resulting in a stable price environment and economic incentives for exploration. With approximately 50 reactors under construction worldwide and a reduction in overall mining production, the pressure on available supply provides confidence for companies seeking to make a significant discovery. Saskatchewan, with its rich history of uranium production and uranium grades up to 10 to 100 times the world average, presents a favorable environment for exploration and economic discoveries. What makes Azincourt even more compelling from a shareholder perspective is that they are in a position to double down on potential discoveries with the recent acquisition of the Big Hill Lithium project from Atlantis Battery Metals. Azincourt Energy is now well-positioned to explore and develop not only uranium but also lithium projects, leveraging the expertise and experience of the Atlantis Battery Metals team. The option agreement and the involvement of Mr. Nick Rowley and Mr. James Abson, with their extensive backgrounds in marketing, sales, corporate advisory, and mineral exploration, are expected to bring valuable insights and technical expertise to accelerate the exploration efforts. The company also boasts 3rd party validation through institutional ownership of up to 30%, indicating strong support from institutions and viable projects to attract funding. Azincourt Energy's vision of making a major uranium discovery in Canada is backed by institutional confidence, making it an exciting opportunity for shareholders and investors alike. The 2023 drill program at the East Preston project is a significant step forward in Azincourt Energy's pursuit of critical alternative energy projects and have now doubled their chances of a significant Critical Minerals discovery with the addition of the Big Hill Lithium project.