Marvel Discovery Expands Uranium Footprint
Marvel Discovery (TSXV:MARV,OTCQB:MARVF,FWB:O4T1) President and CEO Karim Rayani believes the company is going to perform well in the uranium space amid an adverse global political and economic environment.
“The world really does need a different solution. What is currently out there is not going to fix the problem,” Rayani said. “Look at Europe, look at gas, look at diesel — all these energy sources are being cut off, so uranium is the only option in today’s environment.”
Marvel Discovery recently acquired the Costigan Lake uranium project, which covers 5,518 hectares on the eastern side of the Athabasca Basin. With the price of uranium increasing over the last few weeks, Riyani is confident that being in the uranium space and increasing the company’s footprint will solidify its position in the energy sector.
“It’s very fortunate that we’re a multi-commodity play, and we’re not just gold, we’re uranium and battery metals. So I think Marvel’s going to perform extremely well, and I’m really optimistic that we’re going to get some results because we’ve really done our homework on this zone.”
Watch the full interview with Marvel Discovery President and CEO Karim Riyani above.
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