Energy Metals Limited (ASX:EME)
Energy Metals Limited (ASX:EME) is a dedicated Uranium exploration company with a portfolio of advanced projects located in the Northern Territory and Western Australia.
Energy Metals has eight projects located in the Northern Territory (NT) and Western Australia covering over 2,400 km.
Australia has significant uranium endowment with the continent containing approximately 29% of the worlds low cost uranium resources. With the improving political and public sentiment to uranium mining in Australia and nuclear power playing an increasing role in reducing global carbon emissions. The Company is well placed to take advantage of the favourable outlook for the metal.
Furthermore Energy Metals largest shareholder (with 66.45% of issued capital) is China Uranium Development Co., Limited, a wholly owned subsidiary of major Chinese utility China General Nuclear Power group (CGN) (formerly known as China Guangdong Nuclear Power Holding Company). CGN is one of only two companies authorised by the Chinese government to import and export uranium. This unique relationship with CGN give Energy Metals direct exposure to the uranium market as well as access to significant capital and places the Company in a very strong position going forward.