Xemplar Energy Corp. (“XE” on the TSX Venture Exchange, “E7R” on the Frankfurt Exchange, “XEM” on the Namibian Exchange and “XEPRF” on the OTC Pink Sheets) is a Canadian based exploration company focused on developing uranium projects which have world class potential.
Xemplar Energy has 100% interest in uranium projects in the Warmbad, Cape Cross, Aus and Garub regions of Namibia, covering nearly 7,500 km². In addition to exclusive prospecting licenses (EPL) the Company has been awarded, it has a pending EPL for nuclear fuel minerals for the Engo Valley property.
The primary focus of Xemplar Energy’s work in Namibia is the Warmbad project, where the Company has been actively engaged in an aggressive exploration and definition drilling program since October 2007 in a province where eight zones of uranium mineralized continuity with grades of 100PPM to 150PPM has been found. Project success for Warmbad for the short term is defined as expansion of the existing eight zones and identification of additional mineralized bodies.
Mining and exploration is a key driver of the Namibian economy, a country known for its low grade and high tonnage uranium deposits and mines. Currently, there are two uranium mines (Rossing and Langer Heinrich) operating in Namibia, producing 8% of the world’s U3O8 and over the past 18 months two low grade uranium deposits of significant size in Namibia have been the subject of a takeover (UraMin for its Trekkopje Deposit) and a takeover offer (Forsys Metals for its Valencia Deposit).
Xemplar Energy also maintains an interest in exploration projects in Canada – 100% interest in the Corhill uranium-gold-platinum property in the North West Territories, and the Otish Basin uranium property, a property the Company has optioned for Santoy Exploration to earn 100% interest.
The Company is well positioned financially with nearly CAD$16 million cash on hand and zero debt to carry out its exploration and drill programs on its Namibian assets.
With 441 nuclear reactors in 31 nations and 130 new reactors planned in the next 15 years, most energy analysts are predicting a global shortage of uranium over the next decade. Currently, there is an 83 million pound annual global deficit in uranium against production of 90 million pounds a year, with the gap between supply and demand believed to grow. The nuclear industry is the key driver of uranium demand, and the only viable energy source of scale with the potential to supply the world’s energy in an environmentally friendly way.