Alligator Energy Limited has reported significant quarterly progress for the period ending 31 March 2025, focusing on its multiple uranium and energy-related projects. Major developments at the Samphire Project include receipt of a Retention Lease from South Australia’s Department for Energy and Mining to run an in-situ Field Recovery Trial. The company has advanced its regulatory compliance by submitting a comprehensive Program for Environment Protection and Rehabilitation (PEPR), now under assessment by industry regulators, with final approval expected to trigger the construction phase. A preferred contractor has been selected for building a pilot plant and associated infrastructure, with further drilling for observation wells already underway post-quarter. At the Big Lake Project, exploration efforts continue following the issuance of PEPR approval for follow-up drilling. A rotary mud drill crew mobilised in late February and completed the initial two drill holes; however, severe flood conditions in Western Queensland have forced a temporary suspension of ongoing drilling operations. Meanwhile, in the Alligator Rivers region, the company’s drilling programs have delivered encouraging results. Notable intersections include one drill hole returning 3 meters at 260ppm U3O8 and a new mineral occurrence identified at the Bully Prospect. Surface sampling across nearby tenements has also revealed high-grade uranium anomalies and significant occurrences of critical rare earth elements and high purity silica, with co-funding grants from the Northern Territory bolstering exploration expenditure. Corporate financials remain strong with a cash balance of $16.8 million at quarter end and strategic capital management highlighted by a further equity investment in EnviroCopper Limited. The company now holds a 15.61% interest in EnviroCopper, strengthening its portfolio in copper in-situ recovery projects. Additionally, the uranium market showed a spot price of approximately US$64.23 per pound at the end of the quarter, with prices recently firming above US$67, against a long-term indicator maintained at US$80 per pound, underscoring the sector’s resilience amid evolving energy trends. Globally, supportive market drivers include robust US government backing for nuclear energy deployments and significant moves across Europe and Asia to expedite nuclear and energy transition projects, signalling potential long-term demand for uranium and related energy commodities. These factors add to the favorable market backdrop for Alligator Energy’s initiatives. Bullish sentiment is evident in the firm regulatory progress at the Samphire Project, promising drilling outcomes at Alligator Rivers and Big Lake, alongside a comfortable cash position and strategic investments in complementary projects. Conversely, bearish caution centers on operational risks such as flood-related disruptions in drilling programmes and potential delays in obtaining final regulatory permits, which could impact project timelines and overall capital expenditure. Overall, the quarter reflects a blend of promising technical advancements and calculated risks in a dynamic market environment.