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David Miller: Exploring for Uranium in the Athabasca Basin

Earlier this week, we spoke with David Miller, CEO of Delcan Resources. David Miller is an expert on the uranium space, and is responsible for the successes of both Strathmore Minerals and Fission Energy. David has been featured and heard on The New York Times, BBC, CNBC, CNN, Business News Network, Wall Street Journal, The Globe and Mail, and Barron’s.

David discusses how he first entered the nuclear space in the late 1970s, at a time when uranium was a hot commodity. He has worked in the sector ever since and is considered to be a foremost expert on uranium.

In 2000, David decided to start Strathmore Minerals, where he developed a two prong approach. This included getting big in the United States by acquiring the known deposits that had been mined historically. The second prong was getting big in the Athabasca Basin, the highest grade uranium district in the world.

David notes that the short term pricing for uranium has little to no meaning right now. He points out that the expiration of the Russian HUI agreement in 2013 has set the world up for a major shortage of uranium. If Fukushima had not occurred in 2011, David believes that the spot price would be close to $100 a pound right now. With pressure from the industry in Japan to get nuclear power turned back on, David believes that a catalyst is in place that will move the spot price back up.

This time around, David explains why he has decided to focus his attention on the Athabasca Basin. His predominant reason is the grades, which are two orders of magnitude greater than anywhere else in the world.

Finally, David touches on the team that he has assembled for Declan Resources, which include Wayne Tisdale, Dr. Hikmet Akin, and many other top experts in the field.

Mr. Miller is the former chief executive officer of Strathmore Minerals Corp. and was instrumental in its ultimate sale to Energy Fuels Inc. in 2013. Mr. Miller’s primary professional focus has been on uranium exploration, development and mining, with his career spanning over 20 years with a chain of companies that started with Utah International and evolved into Areva, the French nuclear power conglomerate. In addition, he has consulted extensively for the IAEA (International Atomic Energy Commission) in Austria and China. Mr. Miller is a recognized expert in the nuclear and energy field, and has been seen, heard and read in The New York Times, BBC, CNBC, CNN, Business News Network, Wall Street Journal, The Globe and Mail, and Barron’s. He is also the author of “Investing in the Great Uranium Bull Market.” A seventh-term member of the Wyoming Legislature, serving District 55, Riverton, Mr. Miller has served on minerals, revenue, education, corporations and judiciary committees.