A Closer Look with Gaalen Engen: Azincourt Energy (AAZ.V) turning Athabasca uranium project into gold

Uranium supply is shrinking in the face of increasing demand. This inverse relationship could see pricing spike for the glowing commodity within the next year, making an opportunity for both majors and juniors alike to find the next McArthur River deposit and become a member of the new generation of uranium kings.

One of the junior explorers taking advantage of this space as well as this place, is Azincourt Energy (AAZ.V) with its flagship East Preston project in the prolific Athabasca basin in Saskatchewan. Not only is this one of the largest land holdings in the district, a minimum of drilling late last year showed positive results. Now the company is poised to commence a 2000m fully-funded drill program with institutional money and support in the form of 5-year warrants.

As we continue to shift from fossil fuels for cleaner forms of energy generation, nuclear power figures prominently as a integral part in the make up of our 21st century global power grid.

Equity.Guru's own, Gaalen Engen, spoke with Azincourt Energy CEO, Alex Klenman, to get a better view of the sector, the company, it's East Preston project and what investors can expect over the next 12 months. Is this the next Rio Tinto (RIO.ASX) in the making? Tune in and find out!