“Mega Uranium Mine Concept” via Rapid Resource Growth explained by Atomic Eagle CEO Phil Hoskins
Atomic Eagle (ASX: AEU – OTCQB: AEUXF) offers a compelling entry into the uranium bull market, backed by a proven team from Matador Capital—the original architects behind Boss Energy’s success and Lotus Resources’ recent mine restart. Through a strategic RTO of GovEx Uranium, they’ve acquired the advanced Muntanga project in mining-friendly Zambia: a 47.4M lb resource at 344 ppm U3O8, with a feasibility study showing robust economics at $90/lb uranium.
But the current investment thesis is not that of a mine build story. Atomic Eagle’s focus is on aggressive exploration to double resources via a current 50,000m drill program, targeting a 40-100M lb upside which conceptually could see a mega-mine producing 4-5M lbs/year through low-cost heap leaching (90%+ recovery with low acid consumption). Well-funded with ~A$20M cash, Atomic is undervalued when compared, on an enterprise value to pounds-in-the-ground basis, to ASX peers like Deep Yellow and Bannerman.
Near-term catalysts: Resource upgrade (early March), feasibility re-release, and exploration drill results. Bonus optionality: Potential recovery of the world-class Madaouela asset in Niger (120M lbs at >1,300 ppm), if current talks with the Niger government are fruitful. In this MSE episode, listen to Atomic Eagle CEO Phil Hoskins explain the company’s full investment thesis.
00:00 Intro
00:34 Meet Atomic Eagle: ASX RTO of GoviEx & Who’s Behind It
01:28 Matador’s Uranium Track Record: Boss Energy to Lotus Restart Success
03:12 Why the GoviEx Deal Happened: ASX Valuation Comps & Timing
04:31 US OTCQB Listing: Tapping North American Uranium Investors
06:05 Friedland Connections & Geopolitics: US/China/Russia in Africa
08:26 The Muntanga Project Breakdown: Resource, Tenure & 2025 FS Context
10:08 Growth Strategy: New Drilling, Resource Upgrade & 4–5M lb/yr Heap Leach Concept
12:32 Funding & 2025 Drill Plan: 50,000m Program and Priority Targets
14:15 Zambia Advantage: Mining-Friendly Jurisdiction, Infrastructure & Export Route
17:12 The Niger Asset: Expropriation, Arbitration & Potential Upside
19:27 Near-Term Catalysts + Technical Upsides: Recovery, Acid Use, Permitting
21:42 Wrap-Up, Tickers, and Sponsor Coverage Ahead
