World Needs to Spend $73 TRILLION to Get Off Carbon-Based Power

UN Report: We Need More Nuclear Power to Avoid Climate Catastrophe

The World Needs to Spend $73 TRILLION to Get Off Carbon-Based Powerⁱ. Only One Industry is Ready to Deliver

Editorial Feature | Mar 17, 2023 | Industry

Nuclear power isn’t just the most efficient power source we have today. Contrary to popular myths, it’s also as safe as wind power, produces fewer carbon emissions than solar, and is capable of powering entire cities.

Nations are building nuclear power plants again – as are US states. Uranium prices have nearly doubled in the last 18 months. But the US produces almost none of this crucial strategic metal — a national security concern.

Oberon Uranium Corp (CSE:OBRN)(CSE:OBRN) plans to change that. With a stake in the richest uranium field in the world, and 14 claims on a proven mine, this microcap is poised to take full advantage of the $4.2 billion allocated to developing nuclear power.

The Opportunity in Five Minutes

World leaders are making a concerted effort to rapidly reduce consumption of carbon-based energy. Industry experts estimate the total cost will reach $73 trillion by 2050. That may seem like a lot of money — and it is. But it’s a tiny fraction of the cost of continuing business as usual.
This transformation won’t be solved by a single clean energy source — but through a combination of them all. Solar, wind, and hydropower have their place — but no clean technology currently available can create large-scale multi-megawatt plants like nuclear.
Nuclear power is, contrary to popular belief, one of the safest forms of power generation we have, second only to solar.
Nuclear power is also one of the cleanest forms of power we have — with a lower carbon rate than solar, hydro, or even off-shore wind — which all consume carbon during manufacturing.

ⁱⁱ

Byproducts are not nearly as risky as once thought. Used fuel is solid, and thus easier to manage than gaseous emissions — all waste is completely and easily contained. And new technology is allowing us to recycle spent fuel and use it again — getting up to 100 times more use out of it, and reducing waste by a similar amount. Even today, the byproduct is so small, that it all could be contained in a single football field, filled to less than 10 yards depthⁱⁱⁱ. Compare that with the 1.7 billion tons of carbon dioxide produced by US power generation last year^iv.
Thanks to the marriage of need, safety, and availability, nuclear is undergoing a major boom — and with it, uranium. Investors like Warren Buffett, Li-Ka Shing, and David Shaw are pouring in. The White House announced a $4.2 billion investment in nuclear power. Germany is halting its proposed nuclear plant shutdowns. Japan is bringing more of its nuclear power back online. France is racing to get to 80% nuclear power. Indeed, numerous countries — led by China — are pushing for a massive nuclear power plant buildout. Closer to home, numerous US states are repealing bans on nuclear power and planning new power plants. Even Wyoming and West Virginia — longtime coal states — are opening to nuclear, with Wyoming building a plant that will start producing power in 2029^v.
Uranium prices have nearly doubled in the last 18 months.^vi The price of uranium is difficult to fix, as uranium isn’t spot-traded, but rather has prices set with long-term contracts signed by utilities. That said, it is currently valued at around $50/lb. That leaves plenty of room to run, as the older plants throughout America are still profitable at $60/lb. Newer, second-generation nuclear plants, up to 100 times as efficient, can operate profitably at much higher prices.
Uranium production in the US is in a sorry state. In 2021, the US only produced 21,000 pounds of uranium — an 88% drop from 2019^vii. Making matters worse, investment in uranium mining has been lagging, dropping 17% last year.
Oberon Uranium (CSE:OBRN) is leading the charge to reverse that, and help the US secure a domestic supply of this strategic metal. The Lucky Boy Mine in Arizona is located in the middle of a rich uranium field, and has been in operation on and off since 1956, going quiet during times of low uranium prices. The concentration of uranium found there is 1.2-1.7g/tonne — making this one of the richest known uranium fields in the US. Oberon is about to drill its 14 claims in the Lucky Boy Mine, and prove more of the metal already known to be in the ground.
Project 92 — Oberon’s other project, in Saskatchewan— is close to Cameco’s McArthur River Mine, the richest mine in the world. In fact, this area in Saskatchewan — the Athabasca Basin — is home to the richest uranium deposits on earth, with multiple other mines near Project 92. Cameco discovered the nearby Fox Lake Deposit in 2013 as well, and CanAlaska Uranium Ltd. is currently developing a property directly adjacent to Oberon’s claim. CanAlaska has already discovered extremely rich veins, with levels reaching 25.40% U3O8 at their highest concentration, with many drill holes finding more modest — but still wildly profitable — grades at other sites^viii. Oberon expects to find similar at Project 92, which will undergo exploratory drilling next year.
And now Oberon appears to be expanding their Saskatchewan holdings, issuing a letter of intent to acquire the “Fusion Uranium Zone Project”, which consists of 23 claims, totaling 20,064 hectares, in the highly prospective and historically active Uranium City.
Oberon’s management team is second to none. CEO John McCleery has 40 years of experience in the mining and exploration sector, and has spearheaded numerous projects, including the largest molybdenum project ever discovered in Mexico. Chief Geologist Warren Robb has over 35 years experience in the field, and has found everything from gold to diamonds to base and strategic metals, across multiple continents.
Seasoned, well-rounded professionals like these are turning to uranium for a reason. Lithium may get the press, but uranium is just as crucial a metal for a clean energy future. Yet exploration and discovery is down, while demand is rising. This is the ideal set up for a uranium bull run — like the world saw in the 1950s and the 1970s. And it is just beginning today.
Oberon Uranium (CSE:OBRN) is perfectly placed to ride this bull run to much higher valuations. Mining and Exploration company Uranium Energy has two mines licensed and operating in Texas and Wyoming^ix, and has a market cap of around $1.2 billion. But today, you can invest in Oberon Uranium before its discoveries are announced, at a market cap around $20 million.

Why Nuclear? Why Now?

Our civilization is in the early stages of the greatest transformation it has ever attempted.

A mad dash to switch our complex energy system to clean fuel.

Just about every nation on earth has committed to becoming carbon-neutral over the next 20-30 years.

But just about every nation is behind where they need to be.

That’s why so many are now starting to throw serious money at the issue.

The world in total spent $755 billion transitioning to clean energy in 2021, up 27% from the previous year^x.

And the future holds further substantial increases. In total, researchers at Stanford University believe it will take $73 trillion to transition to clean energy by 2050.

The United Nations, on the other hand, believes it will cost $125 trillion^xi..

Whatever the actual number winds up being, countries are ramping up spending today.

In the US alone, large parts of the recently passed Inflation Reduction Act are aimed to stimulate the clean energy transition — like the $10,000 tax credits for anyone who buys an EV, or significant money put towards America’s infrastructure.

Or the $4.2 billion earmarked to develop nuclear power.

Today, about 20% of US electricity comes from nuclear. That makes it, by far, the biggest source of carbon-free energy in America today. Still, in future years, that percentage needs to increase.

That’s because, despite impressive advances, solar can’t transition us from a carbon-based economy alone. Hydropower can’t do it alone. Neither can wind power.

Only utilizing every tool can we transition away from oil, coal, and natural gas.

And nuclear is an essential part of the mix.

Indeed — it might be the most potent tool in our toolbox.

Safe, Clean, and Efficient

How are planes like nuclear plants?

They both are subject of elevated, unfounded fears.

Just as planes are the safest form of transportation, nuclear is amongst the safest forms of energy production.

It is also one of the cleanest. Nuclear production gives off no emissions.

There is some carbon used in the construction of plants — but even including those costs, nuclear uses less carbon than solar, hydropower, or off-shore wind.

Spent fuel is solid, making it relatively simple to contain. And there’s a lot less of it than you think.

Nuclear power is approximately one million times as energy-dense as coal. All of the spent fuel the US has ever produced could fit on a single football field, 10 yards deep^xii.

And, with recent advances in nuclear generation, much of that spent fuel can be recycled and used again. New tech allows us to wring 100 times as much energy out of uranium fuel as early generation power plants did.

It also doesn’t suffer the issues of other clean energy tech. Namely, nuclear works whether the sun is shining or not, whether the wind blows or is calm.

In fact, nuclear plants have the highest capacity of any fuel — even doubling coal plants.

^xiii

That means nuclear can run at max capacity more than 92% of the time. In effect, 1 gigawatt nuclear plant could replace more than two gigawatt coal plants.

This is why nuclear is a linchpin in our transition to a clean energy future.

It can produce massive amounts of electricity — and a single plant can run for 40 years or more (uranium is replaced every five years).

It can act as guarantor of energy until we master battery tech for solar and wind.

And it can do it more safely, more efficiently, and using less carbon than any other solution.

No wonder we’re at the early stage of a bull run for nuclear — with 60 new plants under construction, and more planned^xiv.

The IEA sees a 26% growth in nuclear power over the coming years, if we’re to have hope of achieving carbon neutrality.

That means we aren’t just at the start of a bull run for nuclear energy.

We’re also entering a bull run for nuclear fuel — uranium.

The Early Stages of the Bull

Uranium is an unusual metal.

As a strategic resource — with uses besides energy production — the uranium supply is tightly controlled.

There is no spot price. Instead, prices for uranium are set by long-term contracts signed by utilities.

Still, prices are monitored by investors.

And they’ve been shooting up — nearly doubling in the last 18 months.

This is part of a secular pattern that has ruled uranium prices ever since nuclear power was discovered. That is, until relatively recently.

Demand stagnated. And, consequently, investment in uranium resources has dried up.

In 2021, investment in exploration and discovery had dropped 17% from 2019 levels (covid interrupted the data in 2020).

But, with demand for nuclear fuel now growing again, so is interest in uranium exploration.

This is the traditional starter’s gun for a secular bull — when demand rises, and supply is shrinking.

That’s why the US government is dropping $4.2 billion into nuclear development.

And much of that will be spent on securing America’s uranium supply.

Because, today, the US doesn’t produce very much.

In fact, out of 48,332 tonnes of uranium produced worldwide in 2021, the US only produced 8 tonnes.

And worldwide production itself has dropped about 10,000 tonnes in the past ten years.

^xv

Since uranium is a strategic resource — and most of it is produced in countries outside America’s sphere of influence — it is critical we secure domestic production.

In short, we need more fuel, especially in North America — and we’re producing less.

This is the perfect time to invest in uranium exploration and production.

The Right Investment In A Secular Commodity Bull Run

Oberon Uranium (CSE:OBRN)(CSE:OBRN) has spotted this opportunity, and pounced.

Oberon is a young company, listed in late 2022. It’s management has experience with many metals — both base and strategic. But they know that now is the time to invest in uranium.

Oberon’s first project is in Arizona — the Lucky Boy Mine.

This is a proven uranium mine. It was first tapped in 1956, and produced as long as the uranium market was in a bull.

When it cooled, the mine was mothballed. It came awake again in the 1970s, but has been dormant since.

This isn’t because Lucky Boy is tapped out. Far from it.

Rather, the mine has only operated during uranium bull markets.

That’s why the management team purchased it, and is currently readying it for production again.

This location contains nearly all the uranium in Arizona. Formed during the precambrian age, the Dripping Springs Quartzite formation is exposed at the Lucky Boy Mine, bringing uranium close to the surface.

This location has produced uranium at 1.2-1.7 g/tonne, and is ready to do so again.

Beyond the known uranium in the ground, Oberon will begin drilling in the next 3-6 months in other nearby locations with similar, promising geology. All told, Oberon owns 1,000 hectares in this uranium-rich corner of Arizona.

It will be 6-9 months before Oberon will be able to give an estimated reserve calculation — which is why you can still invest in Oberon while it has a market cap under $20 million.

Similar companies, sitting on similar mines with proven reserves, have valuations over $1 billion.

Lucky Boy will be the first project to come online. But, once Oberon’s project in Saskatchewan is developed, Lucky Boy may prove the junior property.

That’s because, in the uranium-rich Athabasca Basin, Oberon owns 6,000 hectares in the richest uranium deposit ever found.

To give an idea of just how uranium-rich this area is, Lucky Boy is a profitable mine with a concentration of 0.17% U3O8 (the uranium isotope that power plants need).

In the Athabasca Basin, Cameco’s McArthur River mine comes in at 13.5% U3O8.
Nearby, Cameco found another deposit near Fox Lake, with concentrations at 8.99% U3O8.
And a project owned by CanAlaska adjacent to Oberon’s Project 92 has found concentrations as low as 2.5%, up to 25.4%.

These are exceptionally high numbers — much higher than found anywhere else in the world.

And Oberon’s Project 92 is right in the middle of it.

Exploratory drilling is planned for this year. If Oberon finds deposits of similar quality and can state proven reserves, we can expect the company’s value to increase by multiples.

Financing is already in place for all the necessary drilling. Most of the permitting and licensing is done.

The team at Oberon Uranium is optimistic as they prep for exploration… so optimistic they’ve announced the intent to triple down on their Saskatchewan holdings.

New Acquisition To Increase Saskatchewan Assets By More Than 300%

According to a recent announcement, Oberon Uranium (CSE:OBRN)(CSE:OBRN) has signed a letter of intent to acquire 23 mineral claims totaling 20,064 hectares near Uranium City, known as the “Fusion Uranium Zone Project.”

The Fusion Uranium Zone Project sits within a historic colony that was home to more than a dozen mines, aptly named Uranium City. The city grew rapidly in the 1950’s and 1960’s when uranium was in high demand for military purposes, as well as powering Canada’s Candu reactor.

The colony was shuttered in 1982, when the city’s last mine closed due to a break in demand for domestically sourced uranium.

That’s changing quickly now – as uranium producers clamor back into this once active region.

At the end of last year, Denison Mines, Standard Uranium Fortune Bay Corp. announced exploration agreements with Ya’ thi Néné Lands and Resources, Athabasca First Nations.

That means it’s only a matter of time before a discovery hits the news, drawing new attention to this highly prospective region.

But, as much promise as this massive project holds, it’s not even the real standout on this news release.

It seems that through this acquisition, Oberon Uranium would also gain access to an extraction technology invaluable to recovery of these types of uranium deposits.

Using a method of in-situ leaching, this extraction technology is capable of recovering uranium located in non-porous, otherwise impermeable underground formations.

That asset could give Oberon a major advantage over other producers in this region, and put a big acquisition target on the company as they move to prove out their resources.

If you want to invest in this emerging bull market, it is hard to find a better vehicle than Oberon Uranium Corp (CSE:OBRN)(CSE:OBRN).

Talk to your financial advisor to see if this investment is right for you.

ⁱhttps://e360.yale.edu/digest/the-global-price-tag-for-100-percent-renewable-energy-73-trillion
ⁱⁱhttps://www.energyforhumanity.org/en/briefings/energy/nuclear-and-carbon-emissions-the-facts/
ⁱⁱⁱhttps://www.energyforhumanity.org/en/briefings/basic-info/nuclear-waste-6-reasons-we-changed-our-mind/
^ivhttps://www.epa.gov/airmarkets/power-plant-emission-trends
^vhttps://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/lawmakers-advance-nuclear-power-legislation-in-us-states-lacking-reactors-69620056
^vihttps://markets.businessinsider.com/commodities/uranium-price?op=1
^viihttps://www.eia.gov/uranium/production/annual/
^viiihttps://canalaska.com/project/west-mcarthur/
^ixhttps://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/largest-uranium-companies/
^xhttps://www.weforum.org/agenda/2022/02/ranked-10-countries-energy-transition-investment/
^xihttps://www.weforum.org/agenda/2022/02/ranked-10-countries-energy-transition-investment/
^xiihttps://www.energy.gov/ne/articles/3-reasons-why-nuclear-clean-and-sustainable
^xiiihttps://www.energy.gov/ne/articles/nuclear-power-most-reliable-energy-source-and-its-not-even-close
^xivhttps://www.world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx
^xvhttps://world-nuclear.org/information-library/facts-and-figures/uranium-production-figures.aspx

IMPORTANT NOTICE AND DISCLAIMER

This article is a paid advertisement. Think Ink Marketing and its owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by profiled companies or third parties to organize marketing campaigns, which include the creation and dissemination of these types of communications. In this case, in an effort to enhance public awareness of Oberon Uranium Corp. (“OBRN”) and its securities, OBRN has provided the Publisher with a budget of approximately $10,000.00 USD to cover the costs associated with creating and distribution of this communication. The Publisher may retain any excess sums after expenses as its compensation. This compensation should be viewed as a major conflict with our ability to be unbiased. Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on interviews with company management, and does not (to the Publisher’s knowledge, as confirmed by OBRN ) contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.

SHARE OWNERSHIP.

The Publisher does not own any shares of any profiled company OBRN and has no information concerning share ownership by others of in the profiled company OBRN . The Publisher cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.

FORWARD LOOKING STATEMENTS.

This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to OBRN industry; (b) market opportunity; (c) OBRN business plans and strategies; (d) services that OBRN intends to offer; (e) OBRN milestone projections and targets; (f) OBRN expectations regarding receipt of approval for regulatory applications; (g) OBRN intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) OBRN expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute OBRN business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) OBRN ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) OBRN ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) OBRN ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of OBRN to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) OBRN operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact OBRN business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing OBRN business operations (e) OBRN may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

INDEMNIFICATION/RELEASE OF LIABILITY.

By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Publisher, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

INTELLECTUAL PROPERTY.

Think Ink Marketing is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.

IMPORTANT NOTICE AND DISCLAIMER

This website is owned and hosted by Market Tactic Media Ltd. Articles appearing on this website should be considered paid advertisements. Market Tactic Media Ltd. and its owners, managers, employees, and assigns (collectively “the Website Host”) is often paid by marketing companies to host websites on which articles profiling public companies are published. The Website Host has not been compensated by any of the profiled companies. The Website Host’s compensation for articles appearing on this website is as follows:

The Website Host has been paid approximately $500 per week while the advertisement campaign is active by Think Ink Marketing as compensation to host the article profiling Oberon Uranium Corp.

SHARE OWNERSHIP

The Website Host does not own any shares of any profiled Oberon Uranium Corp. and has no information concerning share ownership by others of any profiled companies and The Website Host cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.

NO SECURITIES OFFERED

The articles on this website are not, and should not be construed to be, offers to sell or solicitations of an offer to buy any security. Neither the articles on this website nor the Website Host purport to provide a complete analysis of any Oberon Uranium Corp. or its financial position. The Website Host is not, and does not purport to be, a broker-dealer or registered investment adviser. The articles on this website are not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the Oberon Uranium Corp.. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the profiled Oberon Uranium Corp.’s SEC and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading articles on this website, you acknowledge that you have read and understood this disclaimer, and further that to the greatest extent permitted under law, you release the Website Host, its affiliates, assigns and successors from any and all liability, damages, and injury from articles appearing on this website. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

LINKS TO THIRD PARTY WEBSITES

This website enables users to link to external websites not under the control of The Website Host. The Website Host has no control over the nature, content, and availability of those sites. The inclusion of any links is not intended as, and should not be construed as, a recommendation or endorsement of the content or views expressed on such external websites. The Website Host expressly disclaims any representation concerning the quality, safety, suitability, or reliability of any external websites and the content and materials contained in them. It is important for users to take necessary precautions, especially to ensure appropriate safety.

INTELLECTUAL PROPERTY

The Market Tactic is the Website Host’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Website Host is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Website Host to any rights in any third-party trademarks.

FORWARD LOOKING INFORMATION

This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding Oberon Uranium Corp. future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Oberon Uranium Corp. industry; (b) market opportunity; (c) Oberon Uranium Corp. business plans and strategies; (d) services that Oberon Uranium Corp. intends to offer; (e) Oberon Uranium Corp. milestone projections and targets; (f) Oberon Uranium Corp. expectations regarding receipt of approval for regulatory applications; (g) Oberon Uranium Corp. intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Oberon Uranium Corp. expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Oberon Uranium Corp. business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Oberon Uranium Corp. ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Oberon Uranium Corp. ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) Oberon Uranium Corp. ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Oberon Uranium Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Oberon Uranium Corp. operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact Oberon Uranium Corp. business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Oberon Uranium Corp. business operations (e) Oberon Uranium Corp. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

HISTORICAL INFORMATION

Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Oberon Uranium Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Oberon Uranium Corp. or such entities and are not necessarily indicative of future performance of Oberon Uranium Corp. or such entities.