A-Cap Energy CEO becomes MD ahead of uranium project ramp up
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A-Cap Energy has made its current CEO Dr Andrew Tunks to managing director effective immediately.
With the revitalisation of the company’s Letlhakane Uranium Project in Botswana now ramping up and a pre-feasibility study advancing at the Wilconi Nickel-Cobalt Project in Western Australia, A-Cap Energy’s (ASX:ACB) Board has unanimously voted for Dr Tunks to resume his previous role as MD.
But most notable was his previous stint as MD of A-Cap from 2006-2011 where he actually led the development of the Letlhakane Project from discovery and first drill hole to one of the world’s largest uranium resources.
“I’m grateful for the Board’s support as the company looks forward to a very busy year ahead, advancing its ‘new energy’ projects,” Dr Tunks said.
With the renewed global focus on nuclear energy, the company’s flagship Letlhakane Project stands out, hosting one of the world’s top 10 undeveloped uranium resources at 365.7 million pounds of contained U3O8.
“Amid the world’s growing electrification and decarbonisation, our strong view is that A-Cap remains well undervalued compared to its peers given the size of our resources, the strength of our assets, current development activities, and our proven experience,” Dr Tunks added.
This article was developed in collaboration with A-Cap Energy Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.