Welcome to our dedicated page for American Future news (Ticker: AFFCF), a resource for investors and traders seeking the latest updates and insights on American Future stock.
American Future Fuel Corporation (AFFCF) news coverage provides updates on this uranium exploration company's activities in the United States. As a junior mining company focused on domestic uranium resources, American Future Fuel generates news through its exploration programs, drilling results, and corporate developments within the nuclear energy sector.
News for American Future Fuel typically covers drilling program announcements and results, which represent key milestones for exploration-stage mining companies. Drilling news provides insight into the company's progress in confirming and expanding uranium mineralization at its properties. These announcements help investors understand exploration outcomes and their implications for resource development.
Corporate news for AFFCF includes management appointments, strategic transactions, and business development activities. The uranium exploration sector experiences periodic consolidation, and news coverage tracks any corporate combinations, acquisitions, or partnerships that affect American Future Fuel's operations and property portfolio.
Industry-wide developments affecting uranium markets also provide context for American Future Fuel news. Nuclear energy policy discussions, uranium price movements, and sector trends influence the operating environment for uranium exploration companies. Following AFFCF news alongside broader uranium sector developments provides perspective on the company's position within the industry.
This news page aggregates coverage of American Future Fuel's exploration activities, corporate announcements, and relevant industry developments. Bookmark this page to follow updates on this OTC-traded uranium exploration company's progress in developing domestic uranium resources.
Premier American Uranium and American Future Fuel announced an updated Mineral Resource Estimate (MRE) for the Cebolleta Uranium Project.
The MRE, prepared by SLR International , shows: 18.6 million pounds of indicated eU3O8, and 4.9 million pounds of inferred eU3O8. This surpasses the 2014 historical estimate by upgrading 80% of inferred resources to indicated.
Key recommendations include further exploration to expand the deposit footprint, additional bulk density and chemical assays, and a Preliminary Economic Assessment (PEA). The report highlights significant exploration potential in untested areas and de-risking through infill drilling.
The project, located in Cibola County, New Mexico, spans 6,717 acres of mineral rights and 5,700 acres of surface rights. It benefits from a rich history of uranium exploration and mining from the 1950s to 2014.
The full Technical Report is available on SEDAR+ under the profiles of both companies.
American Future Fuel Corporation (CSE: AMPS, OTCQB: AFFCF) announced the appointment of Mr. David Suda as Chief Executive Officer and Director, effective April 21, 2023. Mr. Suda, with 15 years of capital markets experience, has successfully raised over $10 billion for various companies. He expressed enthusiasm for leading the company, which focuses on the Cebolleta Uranium Project located in New Mexico's Grants Mineral Belt, known for contributing around 37% of the U.S.'s uranium production. The project has a strong history of uranium production and potential for expansion due to numerous unexplored historical drill holes. Former CEO Mr. Luke Montaine will step down on the same date, with the board acknowledging his contributions.
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