Premier American Uranium Files Technical Report for Cebolleta Uranium Project
Premier American Uranium files Cebolleta PEA technical report, consolidating previously announced positive economics amidst ongoing capital needs.
On December 9, 2025, Premier American Uranium Inc. announced the filing of a technical report, compliant with National Instrument 43-101, for its Cebolleta Uranium Project in New Mexico. This report contains the Preliminary Economic Assessment (PEA) and an updated Mineral Resource Estimate (MRE).
The PEA outlines a low-CAPEX, long-life uranium operation with the following baseline economics (at a US$90/lb U3O8 base case price): - After-Tax NPV (8%): US$83.9 million - After-Tax IRR: 17.7% - Pre-production CAPEX: US$113.5 million (Direct CAPEX US$64.2M, Indirect Costs US$19.3M, Contingency US$29.2M) - Mine Life: 13 years - Total Production: 18.1 Mlb U3O8 - Average Annual Production: 1.4 Mlb U3O8 (Peak: 2.0 Mlb U3O8) - Average Operating Cost: US$41.6/lb U3O8 - Life-of-Mine Free Cash Flow: US$287 million - Life-of-Mine Operating Cash Flow: US$496 million
The updated MRE shows: - Indicated Resource: 20.3 Mlb eU3O8 - Inferred Resource: 7.0 Mlb eU3O8
Sensitivity analysis indicates higher NPVs at increased uranium prices (e.g., US$154M at US$100/lb, US$325M at US$125/lb, US$488M at US$150/lb).
The company highlighted the PEA's potential to establish Cebolleta as a cornerstone U.S. uranium project with strong leverage to rising uranium prices.
This news release announces the filing of the NI 43-101 technical report for the Cebolleta Uranium Project, containing the PEA and updated MRE. The core financial and resource estimates presented in this release are identical to those previously announced on October 30, 2025. At that time, the announcement of these positive PEA results was considered "Material - Positive" by the company and would have been factored into the stock price.
The act of formally filing the technical report, while an important regulatory step, does not introduce new material information beyond what was already disclosed in the October 30th announcement. Therefore, from a critical equity analyst's perspective, this particular news release is a procedural confirmation rather than a new catalyst that would materially impact the company's stock price or valuation. It is in line with previous expectations following the initial announcement of the PEA results. The company had initially targeted "early summer 2025" (Feb 19, 2025) for the PEA/MRE completion, which was then revised to "targeting summer 2025" (Jan 16, 2025), and ultimately delivered in late October, indicating a slight delay from the initial aggressive timeline but still a successful deliverable.
Premier American Uranium Inc. is a Canadian-listed uranium exploration and development company primarily focused on projects within the United States. The company's strategy involves consolidation, exploration, and development across key U.S. uranium districts to meet rising domestic demand.
The company's key projects include: - Cebolleta Uranium Project (New Mexico, USA): This is the flagship project. The recent PEA outlines a low-CAPEX, long-life (13 years) heap leach operation with robust economics at current uranium prices. It holds Indicated Mineral Resources of 20.3 Mlb eU3O8 and Inferred Mineral Resources of 7.0 Mlb eU3O8. The project is strategically located in the Grants Mineral Belt, a historically significant uranium production area. The Cebolleta Lease provides rights to explore, mine, and process uranium, subject to a 5.75% production royalty and a US$4 million production and resource bonus payment upon commercial operations. - Kaycee Uranium Project (Wyoming, USA): Acquired through the Nuclear Fuels Inc. transaction, this project is located in Wyoming's prolific Powder River Basin. It features a 35-mile trend of altered and mineralized sandstones with extensive historical drilling. Certain claims are subject to a 1% or 2% Net Smelter Royalty (NSR). EnCore Energy Corp. holds a buyback option on Kaycee under specific resource establishment conditions. - Cyclone ISR Project (Wyoming, USA): Located in the Great Divide Basin, Wyoming, this project is targeting sandstone-hosted roll-fronts. Recent drilling (2025) has confirmed and extended known mineralization, with zones remaining open. The project consists of 1161 unpatented mining claims and 9 state leases, totaling 26,180 acres. - Bootheel Project: Subject to a 2% NSR royalty for minerals produced and 2% net proceeds for uranium minerals produced. - Other exploration-stage projects in Wyoming, Utah, Arizona, and Colorado.