Nick Hodge,
Publisher
Dec. 16, 2025
We constantly preach that people and structure are the most important things when financing early-stage resource companies.
This week we are financing a uranium company with leadership that has made us 10X before.
Set aside the most bullish nuclear fundamentals and newsflow that we’ve seen in nearly two decades for a moment while I tell you a story from the ghost of uranium past…
Back in 2017, we financed URZ Energy, a uranium developer, at $0.15 while it was still private, anticipating a new uranium bull market. That came with warrants at $0.40.
Once URZ started trading, we financed it again at $0.45. That came with warrants at $0.75.
In 2018, URZ Energy was taken out by Azarga Uranium in an all-share deal that valued it at ~$0.55 per share, putting us up ~265% on our original financing.
It then forward split, making our cost $0.075 per share on the first deal and $0.225 on the second. Plus we had the warrants.
Azarga, led by Blake Steele, controlled the Dewey-Burdock uranium project in South Dakota. It was one of the best undeveloped in-situ recovery projects in North America, but faced local opposition that led to a suspension of the project's NRC license.
Blake was able to get the license back in good standing. And by 2021, Azarga was taken out by EnCore Energy for $0.71 per share, putting us up ~850% just on the original position.
EnCore then consolidated its shares, listed on the Nasdaq, and has become the newest US producer of uranium. Its shares have climbed to nearly C$7.00, delivering early URZ and Azarga shareholders more than ten times their money.
We exercised our warrants along the way and sold them as the uranium bull market materialized in earnest.
Not only is it the best uranium deal I’ve been involved in… it was one of the best resource deals I’ve done, period.
This year, Dewey-Burdock was selected as one of the first ten mining projects in the country to receive FAST-41 permitting as a result of Trump’s executive order directing federal officials to accelerate domestic critical mineral production.
We expect more and continued support of the domestic uranium sector from the Trump administration.
And that’s one reason why we are financing a new uranium deal this week. It has the leadership of Blake. And it has a large historic uranium resource right here in the US that is severely undervalued for several reasons.
I lay out those reasons and full investment rationale — and I invite you to participate alongside us — in this brand new video.
Click here to watch it now.
That’s not the only new video I have for you. At a recent conference, I caught up with a subscriber who told us that by following our private placement recommendations he was able to afford himself financial freedom.
His name is Josh, and graciously told us his story on camera. You can hear him say without equivocation that our recommendations have allowed him to wake up in the morning and do as he pleases. See his story here.
And then, if you want to participate in this week’s uranium financing alongside us, make sure you check out that invitation here.
Call it like you see it,
Nick Hodge
Publisher, Daily Profit Cycle