Premier American Uranium Inc.
Premier American Uranium's most advanced asset is the Cebolleta Project in New Mexico's Grants Mineral Belt. A 2025 PEA at a US$90/lb base-case uranium price outlines a 13-year mine life averaging ~1.4Mlb U3O8/yr (peak 2.0Mlb), 18.1Mlb total payable eU3O8, direct pre-production capex of US$64.2M (~US$112.7M total including indirect costs/contingency), an after-tax NPV8% of US$83.9M (US$106M pre-tax) and a 17.7% after-tax IRR. A 2026 metallurgical program targeting a recovery-rate improvement from 80% to 90% could add an estimated ~US$75M to NPV per company guidance; that is company guidance, not yet achieved. The company also holds a broad multi-state US uranium land position spanning New Mexico, Wyoming, Colorado, Utah and Arizona, expanded through its acquisitions of American Future Fuel (June 2024) and Nuclear Fuels (September 2025), and is backed by strategic investors including Sachem Cove Partners, IsoEnergy Ltd. and Mega Uranium Ltd. On 14 Sep 2026 it agreed to sell its Colorado uranium properties to DISA Uranium for US$2,000,000 in DISA shares plus an equal number of warrants, alongside a concurrent DISA investment of US$5,000,000 in PUR subscription receipts at C$0.75 (about 8.7% of PUR); both are pending closing. Drilling at its wholly owned Kaycee project in Wyoming's Powder River Basin continued through 2026, with uranium intersected in six of eight initial holes at the West Diane target (best 10 ft at 0.064% eU3O8, reported 7 Oct 2026). Michael Harrison became chairman in September 2026.
Notable vs. Peers
- Trading within 5% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility.
Not yet determined: mill, tailings facility, grid power.
Not yet determined: mill, tailings facility, grid power.
Combined view across 12 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
Jurisdiction (40%)8/10
New Mexico: Fraser PPI 2025 is 73.78 of 100 (rank 35 of 68), which maps to 9 on this site's scale; this company scores 8 for the project-specific reason below. The flagship Cebolleta uranium project is in New Mexico's Grants Uranium District, where uranium projects have faced long-running legal and community challenges; it scores one point below the state's level for that, like North Shore's Rio Puerco project in the same district. Its other conventional and ISR uranium assets are in Wyoming, Colorado, Utah and Arizona.
Infrastructure (40%)7.9/10
Confirmed road access and confirmed grid power at Cebolleta Uranium Project, New Mexico, USA; existing mill and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Chino (Freeport-McMoRan Inc.), 239 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score:8.6/10
enCore Energy Corp. holds 9.5% (report date not on file) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:0/10
Nearest producing mine: Chino (Freeport-McMoRan Inc.), 239 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 20% here - JurisdictionSub-score:8/10
United States: jurisdiction score 8/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 9% here - CommoditySub-score:4/10
Primary commodity: Uranium
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 6% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Over 20 years as a finance professional and recognized uranium expert; CEO of Premier American Uranium; also a director of Blue Jay Gold Corp. Previously 16 years as a top-ranked Mining Research Analyst at Haywood Securities. Appointed 13 April 2026.
A Director of Green Shift Commodities Ltd. (TSXV: GCOM) and Chief Operating Officer of IsoEnergy Ltd.; also a director of Premier American Uranium Inc. A professional mining engineer with over 20 years in the industry, having worked for majors including Inco Limited and Newmont Corporation and in senior management roles with NewCastle Gold Ltd. and Solstice Gold Corp., plus capital markets roles focused on mining transactions. Previously President and COO of Consolidated Uranium Inc. prior to its merger with IsoEnergy.
Senior Vice President, Capital Markets of Magna Mining Inc.; also a director of Premier American Uranium Inc. Over 20 years of capital markets experience in the mining sector, spanning institutional mining equity sales, fund management and mining equity research. Former CEO/President of Nuclear Fuels Inc.
Chairman of Premier American Uranium Inc. (TSXV: PUR). 15+ years as an investment professional in fund management; co-founder of Sachem Cove Partners; Founder of Lloyd Harbor Capital Management; co-founder of Archytas Ventures; member of Sandalwood Securities' research team and Investment Committee; prior role at Merrill Lynch's Private Banking and Investment Group. Founded North Shore Indices, Inc., which launched the North Shore Global Uranium Mining ETF (URNM) in 2019, raising over US$1 billion in assets before Sprott Asset Management LP acquired the licensing rights to its underlying index (agreement 4 Nov 2021, reorganization of the ~US$1.18B fund completed 25 Apr 2022 under Sprott's ETF trust, renamed the Sprott Uranium Miners ETF). Source: premierur.com/corporate/board-of-directors/.
Director of Premier American Uranium Inc. (TSXV: PUR). J.D. (1974) and B.A. (1971), University of Kansas. Close to 40 years' experience in natural resources, environmental and administrative law; retired partner at Maldegen, Templeman & Indall, Santa Fe, with a practice covering transactions, title work, permitting and mining-property acquisitions and site-remediation/superfund representation; recently served on the Advisory Board of American Future Fuel Corp.
Director of Premier American Uranium Inc. (TSXV: PUR). B.Sc. (Hons) Geophysics, Queen's University; MBA with Distinction, University of Western Ontario. 25+ years of executive, financial and technical experience in mining; Managing Partner of Sprott Inc. and Sprott Resource Streaming & Royalty Corp. (current, concurrent); former President & CEO of Adriana Resources Inc.; former VP of Corporate Development at Coeur Mining Inc.; investment-banking roles with Cormark Securities and National Bank Financial; began career as a geophysicist with BHP Billiton. Source: premierur.com/corporate/board-of-directors/.
Director of Premier American Uranium Inc. (TSXV: PUR). 25+ years' experience in resource portfolio management; Managing Director and Senior Portfolio Manager at RBC Global Asset Management, co-managing the RBC Global Precious Metals Fund, RBC Global Resources Fund and RBC Small and Mid-Cap Resources Fund (combined assets exceeding $2 billion). Source: premierur.com/corporate/board-of-directors/.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Premier American Uranium's register includes a real specialist alongside three uranium-sector corporate holders. Sachem Cove Partners LLC, a dedicated uranium-focused hedge fund run by Mike Alkin since 2018 (about $250 million under management, with public stakes across the sector including this one), holds 23.2% -- a clear, high-conviction specialist position. enCore Energy Corp., an operating US uranium producer, holds 9.5%, and IsoEnergy Ltd., a well-known Athabasca Basin uranium developer, holds 5.4%; Mega Uranium Ltd., a smaller uranium-sector investment company, rounds out the register at 2.3%. No insider trading activity is on file for this ticker.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Premier American Uranium's most advanced asset is the Cebolleta project in New Mexico's Grants Mineral Belt, where a 2025 preliminary economic assessment at a US$90/lb uranium price outlines a 13-year mine life averaging about 1.4 Mlb of U3O8 a year, an after-tax NPV (8%) of US$83.9M and a 17.7% after-tax IRR, on direct pre-production capital of US$64.2M. A 2026 metallurgical program, for which drilling was completed in July, is testing whether recovery can be raised from 80% to 90%. Drilling at its wholly owned Kaycee project in Wyoming's Powder River Basin intersected uranium in six of eight initial holes at the West Diane target, with a best interval of 10 ft at 0.064% eU3O8 reported on 7 October 2026. On 14 September 2026 it agreed to sell its Colorado uranium properties to DISA Uranium for US$2,000,000 in DISA shares plus warrants, alongside a concurrent DISA investment of US$5,000,000 in PUR subscription receipts at C$0.75 each, about 8.7% of the company; both are pending closing.