Global Uranium and Enrichment Limited Unveils Maiden 6.0Mlbs High-Grade JORC Uranium Resource at Maybell, Paving the Way for US Energy and Investment Upside
Wednesday, July 30, 2025
at
9:36 am
Global Uranium and Enrichment Limited reports a maiden JORC resource estimate for its Maybell Uranium Project, reaching 6.0 million lbs of high-grade uranium. Encouraging drill results and notable exploration upside position the company well amid strong US energy policy support.
Global Uranium and Enrichment Limited has reported a significant milestone with the completion of a maiden JORC-compliant Mineral Resource Estimate at its Maybell Uranium Project in Colorado. Using a 25‐hole drill program conducted in 2024, the company confirmed a resource of 6.0 million pounds U3O8 contained within 3.2 million tonnes of mineralized material, averaging 849 ppm U3O8 at a 250 ppm cut‐off grade. This achievement reinforces the project’s potential in a district historically known for producing around 5.3 million pounds U3O8.
The drilling program underscored the impressive continuity of high-grade uranium mineralisation, with intercepts—such as drill hole MB-038A—demonstrating robust grades and significant intercept thicknesses. The technical report, prepared by Tetra Tech, detailed the resource estimation methodology, which included the use of an inverse distance squared algorithm and a block model sized at 10x10x2 meters. These technical indicators confirm that the high-grade mineralisation extends beyond historical pits, creating opportunities for further exploration.
The announcement comes at a time when US energy demand is on the rise, partially driven by the needs of rapidly expanding AI data processing centers and a policy environment that favors energy self-sufficiency. This supportive climate has bolstered interest in domestic uranium projects, positioning Global Uranium well within a rejuvenated nuclear energy sector. The company also hinted at significant future upside, with plans for a larger follow-up drilling program to expand and enhance the current resource framework.
Global Uranium’s asset portfolio spans several high-potential projects across North America, including other key uranium projects in Wyoming, Colorado, and the Athabasca Basin in Canada, along with a strategic investment in Australian uranium enrichment technology. This diversification underscores the firm’s broader ambition to be a market leader in both uranium exploration and enrichment during a period of nuclear energy renaissance.
Market sentiment from the news appears bullish. Investors may be encouraged by the efficient drill program that rapidly established a high-grade resource, the promising indications for resource expansion, and the favourable US policy environment. However, caution remains due to the current classification of the resource as inferred, reliance on historical data, and the inherent technical and market risks associated with early-stage uranium mining projects. Overall, the positive technical indicators and potential for future discovery support an optimistic view, but further drilling and data validation will be essential to mitigate risks.