2 January 2014
(January 1, 2014) 2013 has been another productive year for Kivalliq. Much has happened since our last CEO Update in May of this year. Despite sustained weakness in the uranium spot price (20% drop since Jan 1, 2013) and mining equity capital markets (27% drop in TSX-V index since Jan 1, 2013); we continued to march our flagship Angilak Property forward. Advancement of Angliak evolved this year to focus on de-risking the project by evaluating potential extraction and processing options for the Lac 50 uranium deposit. Continued exploration success in the summer, as well as positive results from preliminary metallurgical and beneficiation studies, underscore Angilak’s potential as a world-class uranium project.