In our recent meeting with Elevate Uranium, we engaged in a comprehensive discussion about their Environmental, Social, and Governance (ESG) practices. The key points covered include renewable energy systems, board independence, human capital management, onsite safety, workforce sourcing, and technological advancements.

Reinforce the End of ‘E’ –Energy Generation Systems

In the meeting, Murray, CEO of  Elevate Uranium, also agreed on the topic we discussed with IGO Limited and our conclusion published in our recent article titled The End of the ‘E’ (read this article), and confirmed the high costs associated with implementing multiple energy generation systems to support renewable energy for better ‘E’. He pointed out that such multi-energy supply system requires substantial capital and would only yield significant benefits over a long-term period, typically around 20 years, this long-term perspective underscores the substantial capital investment required for sustainable energy solutions and will screen out the company with mining project at the end of the mine life.