U3O8 Corp. Reports on Nuclear Energy Developments in Argentina
401 Bay Street T: 416-868-1491
Suite 2702 www.u3o8corp.com
Toronto, ON M5H 2Y4 TSX: UWE
Canada OCTQB: UWEFF
Press release
U3O8 Corp. Reports on Nuclear Energy Developments in Argentina
Toronto, Ontario – May 3rd, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the
“Company”) reports on recent developments in the Argentine nuclear industry and their relevance to the
Company’s Laguna Salada uranium-vanadium deposit, which is located in Argentina.
The President of the Argentine National Atomic Energy Commission ( “CNEA”) has reconfirmed that
Argentina aims to capture 15% -20% of the international market for small modular nuclear reactors
(“SMR”) with its CAREM design. CNEA refers to estimates that the international market for SMR’s could
be as large as US$400 billion by 2030-2035. C apturing a reasonable proportion of that market would
have a notable and positive impact on the Argentine economy.
During Argentine President Macri’s official visit to the Netherlands last month, Ar gentine nuclear reactor
designer and constr uction company, INVAP SE (“INVAP”), submitted a bid to construct the Pallas
research reactor. INVAP was selected as having presented the best technical offer in the original tender
for the Pallas reactor , but the Netherlands cancelled the planned construc tion in the wake of the global
financial crisis in 2009. The Pallas reactor is to replace the Petten research reactor that has been
producing radioisotopes for the medical diagnostic sector , as well as for other industrial applications , for
over 55 years. The Petten research centre supplies 60% of Europe’s medical isotope requirements.
“Argentina’s reach into the international nuclear market would benefi t from local uranium production so
that the Argentine nuclear sector could offer a turn-key product that includes: reactor design, construction,
fuel supply and fuel rod manufacture ,” said U3O8 Corp.’s President and CEO, Dr Richard Spencer .
“U3O8 Corp. is well placed to support Argentina ’s local nuclear energy industry, as well as its
international aspirations since, to my knowledge, U3O8 Corp. is the only company in Argentina that has a
NI 43-101 uranium resource and preliminary economic assessment (“PEA”). Our current work is focused
on refining the metallurgical methods described in the PEA, with the aim of further reducing estimated
production costs. Results of that test work should be available in the next month.”
U3O8 Corp.’s presentation at the Nuclear Industry Summit Latin America 2017 held in Buenos Aires,
Argentina is available on the Company’s website at http://www.u3o8corp.com/nuclear-industry-summit-
latin-america-2017/
U3O8 Corp. will also be making a presentation at the Investing in LatAm Mining Cumbre to be held in
Santiago, Chile, on July 11th and 12th, 2017.
Technical Information
Dr. Richard Spencer, P.Geo., CGeol., President and CEO of U3O8 Corp. and a Qualified Person as
defined by National Instrument 43-101, has approved the technical information in this news release
relating to the Laguna Salada Deposit and the related PEA.
About U3O8 Corp.
U3O8 Corp. is focused on exploration and development of deposits of uranium and associated
commodities in South America. Potential by-products from uranium production include commodities used
in the energy storage industry – in the manufacture of batteries - such as nickel, vanadium and
phosphate. The C ompany’s mineral resources estimates were made in accordance with National
Instrument 43-101, and are contained in three deposits:
2
• Laguna Salada Deposit, Argentina – a PEA shows this nea r surface, free -digging uranium -
vanadium deposit has low production-cost potential;
• Berlin Deposit, Colombia – a PEA shows that Berlin also has low-cost uranium production potential
due to revenue that would be generated from by-products of phosphate, vanadium, nickel, rare earths
(yttrium and neodymium) and other metals that occur within the deposit; and
• Kurupung Deposit, Guyana – a uranium resource has been estimated in four veins within a
uranium-zirconium vein system. Resources have been estimated on four veins, while consistent
mineralization of the same type has been intersected in scout drilling of an additional six veins, while
yet other veins require first-time exploration drilling.
Information on U3O8 Corp., its resources and technical reports are available at www.u3o8corp.com and
on SEDAR at www.sedar.com. Follow U3O8 Corp. on Facebook: http://www.facebook.com/u3o8corp,
Twitter: http://www.twitter.com/u3o8corp and Youtube: http://www.youtube.com/u3o8corp.
Forward-Looking Statements
This news release includes certain “forward looking statements” related with the development plans, economic
potential and growth targets of U3O8 Corp’s projects. Forward -looking statements consist of statements that are not
purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include,
but not limited to, statements with respect to: (a) the low -cost and near-term development of Laguna Sala da, (b) the
Laguna Salada and Berlin PEAs, (c) the potential of the Kurupung district in Guyana, (d) impact of the U - pgradeTM
process on expected capital and operating expenditures, and (e) the price and market for uranium. These statements
are based on assumptions, including that: (i) a ctual results of our exploration, resource goals, metallurgical testing,
economic studies and development activities will continue to be positive and proceed as planned, and assumptions in
the Laguna Salada and Berlin PEAs prove to be accurate , (ii) a joint venture will be formed with the provincial
petroleum and mining company on the Argentina project, (iii) requisite regulatory and governmental approvals will be
received on a timely basis on terms acceptable to U3O8 Corp. , (iv) economic, political and industry market conditions
will be favourable, and (v) financial markets and the market for uranium will improve for junior resou rce companies in
the short-term. Such statements are subject to risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in such statements, including, but not limited to: (1) changes in
general economic and financial market conditions, (2) changes in demand and prices for minerals, (3) the Company’s
ability to establish appropriate joint venture partnerships , (4) litigation, regulatory, and legislative developments,
dependence on regulatory approvals, and changes in environmental compliance requirements, community support
and the political and economic clima te, (5) the inherent uncertainties and speculative nature associated with
exploration results, resource estimates, potential resource growth, future metallurgical test results, changes in project
parameters as plans evolve, (6) competitive developments, (7) availability of future fina ncing, (8) exploration risk s,
and other factors beyond the control of U3O8 Corp. including those factors set out in the “Risk Factors” in our Annual
Information Form available on SEDAR at www.sedar.c om. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward -looking statements. U3O8 Corp. assumes
no obligation to update such information, except as may be required by law. For more information on the above-noted
PEAs, refer to the September 18, 2014 technical report titled “Preliminary Economic Assessment of the Laguna
Salada Ura nium-Vanadium Deposit, Chubut Province, Argentina” and the January 18, 2013 technical report titled
“U3O8 Corp. Preliminary Economic Assessment on the Berlin Deposit, Colombia.”
For further information, please contact:
Richard Spencer
President & CEO
U3O8 Corp.
Tel.: (416) 868-1491