Kiplin Metals Comments ON Uranium Spot Price Trends
NEWS RELEASE
KIPLIN METALS COMMENTS ON URANIUM SPOT PRICE TRENDS
June 18 th, 2023 – Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) would like to provide its
outlook on the significant price increase observed in the uranium market. The spot price of U3O8 uranium
has surged more than 120% since the beginning of 2020.
The Company acknowledges the positive impact of this price upturn, which reflects the growing global
demand for clean and sustainable energy sources. As the international community focuses on
transitioning towards a low-carbon future, nuclear energy remains pivotal in meeting the world’s
increasing energy needs while reducing greenhouse gas emissions. This renewed interest in nuclear power
has spurred a strong demand for uranium.
Kiplin believes that the recent surge in uranium prices indicates favourable market conditions and affirms
the potential and importance of the uranium sector. As a company specializing in uranium exploration,
this trend bolsters our confidence and highlights the attractiveness of our Cluff Lake Road (CLR) uranium
project in Saskatchewan.
The Company's exploration efforts in the Athabasca Basin have been guided by the understanding that
uranium is vital to the world's clean energy future. The recent price surge reinforces our conviction in the
long-term prospects of the uranium market and strengthens our commitment to advancing our Cluff Lake
Road and delivering value to our shareholders.
Dr. Peter Born, Director of Kiplin, commented, "The substantial increase in the price of uranium
demonstrates the growing recognition of nuclear power as a key solution for achieving sustainable energy
goals. At Kiplin, we are well-positioned to capitalize on this positive market sentiment. We will continue
our diligent exploration efforts, leveraging the rising uranium price to maximize the value of our assets
and contribute to the global clean energy transition."
Kiplin remains focused on advancing the Cluff Lake Road project and is committed to responsible
exploration and development practices. The Company is committed to upholding the highest
environmental and social standards as it contributes to the growth and sustainability of the uranium
industry.
About Kiplin Metals Inc.
Kiplin Metals Inc. is a mineral exploration company. We create value for our shareholders by identifying
and developing highly prospective mineral exploration opportunities. Our strategy is to advance our
projects from discovery o production, allowing Kiplin to achieve exceptional shareholder value through
the entire life-cycle of mining.
Cluff Lake Road Uranium Project. Kiplin has the right to earn a one-hundred percent interest in the Cluff
Lake Road Uranium Project (the “CLR Project”). The CLR Project covers ~531 ha in the southwestern
Athabasca Basin in northern Saskatchewan, where several new discoveries have been made, including the
Arrow and Triple R Uranium deposits. The CLR Project is 5 km east of the Cluff Lake Road (Hwy 955), which
leads to the historic Cluff Lake Mine, which historically produced approximately 62,000,000 lbs of
yellowcake uranium.
For further information, contact the Company at [email protected] or 604-622-1199 or visit the
Company’s website at www.kiplinmetals.com.
On behalf of the Board,
Kiplin Metals Inc.
“Peter Born”
Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other
than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from those in forward-looking statements. There
can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the
applicable laws.
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