SKRR Exploration and F3 Uranium (TSXV: SKRR) (TSXV: FUU) CEO Sherman Dahl and Dev Randhawa

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Welcome to the Senergy’s Mining and
Markets podcast.

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Today we have a very special episode
with two very special guests.

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It’s the first time

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we’ve ever done a three way podcast,
and there’s a reason for

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why we’re doing it today,
which I’m going to get into in a second.

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I have the honor
of speaking with the CEO of

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SKRR Exploration,
Mr. Sherman Dahl,

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as well as the CEO
and Chairman of F3 Uranium, Mr.

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Dev Randhawa.

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I want to start off
by giving a little bit of context

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around the purpose of this episode.

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Some of you probably already know. SKRR

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recently announced an LOI with F3
for the option to acquire a 70% interest

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in the Clearwater West uranium project
located in the famous Athabasca region.

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So the purpose of this episode
is for one to discuss the LOI

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And so you guys,
my listeners, can learn a little bit

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more about the project
and how it came about.

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Sherman, Dev, thank you guys
so much for coming on the show.

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I know it was a little bit last minute.
How are you both doing today?

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Doing fantastically.

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I’m in the Okanagan.

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Beautiful Okanagan. Having a great day.

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Awesome.

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Dev, first off, let’s let’s start off with you.

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It’s a pleasure to meet you today.

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I’m quite familiar with the work
that you’ve done with Vision.

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I’m actually a shareholder
of both F3 and Vision.

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So when Sherman told me today
that you’d be joining us,

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I was quite excited to discuss this
exciting deal in the making with that SKRR

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Let’s start off by talking a bit about the
history and location of Clearwater West.

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I know it’s extremely close to Vision’s
triple R deposit as well as next

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gen aero project.

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So let’s talk about the reason
you guys decided

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SKRR would be a good fit to advance
the project and partner with F3.

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Oh, sure.

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Well, it’s a very exciting area.

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The whole west side of the basin.

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Just if you don’t mind,
just a bit of context.

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Everything was always
on the east side of the basin

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Cause that’s where
Cigar Lake and MacArthur were.

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And these were all unconformity deposits
and, you know, everybody always said,

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don’t go west, young man.

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Everything’s over there.

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Well, we did we did some of old time
and technology ideas,

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which was fly the area and look
for all you know,

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in the uranium,
you can find uranium on the surface.

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That’s a great idea.

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That means you’ve got uranium
somewhere there or outcrops.

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So clean water is picked up on that.

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We were looking for projects
that we think on surface there’s something

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there and the best place to find another
mine is next to another one.

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So this area is very prolific.

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You’ve got an area of
300-400 million lbs

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and then you’ve got triple R at least,
150 million if not 200.

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So these are massive deposits

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and then context again
in the past in the basin, if you find 40

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or 50 million lbs, you had a mine
half hour got sold on that basis.

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Cluff Lake went into production

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and the Saskatchewan’s Government
actually built a road right through it.

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So it’s a great location.

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Be next to mine is also
the infrastructure is a road

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that goes right in almost a middle of it
that’s run 365.

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So when you pick a property,
you’ve got to look back and go, you know,

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is it near other things?
And then I see what is SKRR

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when we do our drilling up at F three
and the crews are up there already.

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So really what we were looking for
was a financial partner that was capable

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of raising money.

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Now we’re all subject

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to the overall market, but some people
are better than others are raising it.

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And Sherman is very good at raising money.

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He’s got a sense of pulse
and he’s got a good team around him.

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You know, a lot of shareholders that are
very sophisticated group of people.

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For me, the whole story is so obvious
when it comes to uranium.

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You can’t look, there’s
a billion people in the world and 3

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billion of them
have no electricity or very little.

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So the world is starved for energy
and we need lots of it.

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And, you know, uranium, nuclear power
offer

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solutions to two major problems
security of energy.

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Tell that to Germany,
who’s not going back to coal

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because they didn’t think ahead
and then finally decides needing your own

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supply of energy.
You know, we want clean energy.

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So that’s what uranium does.

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And we need lots of it.

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We look for uranium.

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Let’s look for uranium
where there’s other deposits nearby.

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I totally agree.

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That’s a good point.

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And Chairman, you know, what was kind
of the overall strategy behind this?

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And was there a particular reason

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after going after this project
and stepping into the uranium space,

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further diversifying SKRR’s already
big portfolio.

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What does this announcement mean
for the company and its shareholders?

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Well, I think it’s
you know, it’s extremely exciting and

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and the rationale, really simple
when it comes from the point of SKRR

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You know, I’ve known Dev, his team
for many, many years.

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And I mean,

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it’s a very strong business relationship
at all, sort of a deeper

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personal relationship as well,

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we’re looking to diversify into the metal,
the energy sector and utilities,

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transportation to change the world and
the base load of that of course is nuclear.

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And so really for us, we wouldn’t have had
a comfort level of it wasn’t for Dev.

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I mean, I’ve been to PLS many times
and when I get off that float plane

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and the first person
that greets me on the dock

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for many years has been
some of the team members

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that we had just a significant amount
of comfort level and deal with a group

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that caliber and tell
from Dev’s knowledge of the sector.

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I mean, I find myself
reasonably knowledgeable,

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but it’s because of my association
over all the years

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with originally Strath moore,
which of course we all do

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the math of all the spin offs that came
from the original strap, more like vision.

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And that three, we’re just carrying on,
you know, potentially the tradition of a

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hopefully another discovery
on the exciting west side of the basins

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So for us, it’s really about the people
and the quality of the project

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because, you know, we are capital
market people, so we really rely on,

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you know, the expertize of a group.

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So we feel very fortunate
to be doing a joint venture

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with F3 and I wish we
would have done it sooner.

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That’s all I can say.

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Well, it’s better late than never.

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I mean, you know,
what are the next steps moving forward

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and what are some important key
milestones and catalysts and investors

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can look forward to
in the next little bit?

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Well, I’ll speak to that quickly.

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And our first thing,
we’ll complete the paperwork,

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which is just, you know, clean
that up. That’s no big deal.

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The key is to identify targets.

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Uranium drilling
is quite expensive in the basin.

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So you’ve got to be patient and you’ve
got to do about four things you look for

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before you start punching holes
and you’re going to have a corridor,

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you can have a structure,
you can have alteration,

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hopefully
with some other history in the area,

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you can see the bleaching
in certain minerals you look for.

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So I think the first step is to vector
make sure you got the right target.

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That’s number one.

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Then obviously this summer
we start to drill again.

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Sometimes we jump into the to the trees
and we get the forest.

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Hey, this project is is not about Sherman
or Dev

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It’s in the hands of Ray and Sam
and the team.

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It’s hard to find somebody who’s found
a uranium deposit in the basin.

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It’s very hard
and I don’t know anybody else.

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Rae is on his third
now, Rae is the one that picked the holes.

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And Ross is a big part of what we did,
but because there’s so much overburden

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in the basin, 3 to 600 meters
down, it’s real geoscience.

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And obviously
you’ve got to have the structures

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and everything else in place geologically.

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But so the step here is, you know,
I sleep very well when we’re drilling

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because I know it’s in the hands
of the most capable people out there.

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So, you know,
it’s like anything thrown out there,

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you know the line McDavid and Drysdale,
well, you feel pretty good.

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And right now we I think we have
the very best team historically.

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I know that’s a lot to say,
but I believe historically

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we have the best exploration
team has ever walked the earth.

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So we feel really good
and they’re humble people they’re going to go

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but do their job
and try to find more uranium are the steps

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are you got to identify those targets
in advance to project along.

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And I do want to say
this is our first project together.

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I have a feeling, you know,
as we move along in this uranium cycle,

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we’ll be able to do other projects
with SKRR. We just want to get our feet wet.

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But I do see other things happening
between the two companies.

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Perfect.

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And Sherman,
you guys have a bunch of other projects.

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Is the main focus
now going to be Clearwater West?

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What’s going to happen to the other
remaining projects in the portfolio?

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Well, certainly in the near term,
the primary focus for exploration work,

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like real money in the ground,
is definitely Clearwater West

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and working with Ray and Sam on launching
the drill program for Clearwater.

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I would say that if we were going to work

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on the other projects
and things that we have in the portfolio,

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you know,

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I guess I would point
to one of our most recent news releases,

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which was the deal that we did with Fathom
Nickel, where we had more of that

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zinc property that they were interested
in, which was which was linked

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to one of the properties

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that were open to other know
monetizing other things in our portfolio.

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But the focus firmly was going to be on
exploration.

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Drawing is definitely going
to be the Clearwater way.

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Yeah,
I think that’s the right way to do it.

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Thank you guys for your time.

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I mean, if there’s anything else
you’d like to add

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and inform my listeners
on, now’s the time to do it.

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Well, I think the main thing is,
is that in my view, and I’m

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this is a piss off
some of my friends in gold, but.

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Right.

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Gold’s a good place to be right now. 2000.

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But to me, you got to be in these Green

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Gretzky says go where the puck is,
not where it is, where it’s going to be.

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To me, it’s
going to be in transition metals.

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You know, to me
the two big ones are lithium and uranium.

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And if you’re going to be
with them, junior companies,

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the number one reason to own
a junior company is the management.

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Now, it’s
great hands with Sherman over here.

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I think it’s in good hands.

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The team
we have to number one is management.

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Are you in the right commodity
and are you funded?

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Those are big things and investors
get caught up in all sorts of things.

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But I try to keep it simple.

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You know, you back people who’ve done it
before and they’ve got money in the deal.

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You know, they’re not just collecting fees
like I see often with these, you know,

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some of these management teams,

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they’re more interested
in their monthly fees and they are

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and what the shares are worth.

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So I can assure you that know, Sherman,

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I care a hell of a lot

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about our fellow shareholders
than we do about that kind of stuff.

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So that’s just my only thought
to investors is it’s always

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management, management, management
that can find good deals.

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Finance has a track record
to attract capital, and then hopefully

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when you need luck, you find you find some
you right now.

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So that’s be my overall thought is just
investors should invest with people

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who done it before
and you know both sort of teams have.

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I think I would add, you know, to to Dev’s
comments is, is, you know, investors

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should always look at the price.

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And I think when we’re looking at SKRR,
you’re looking at a really low

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market cap, you know,
so a wonderful way to enter and fares.

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Same goes for F3

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I mean F3 is more advanced
because they already have a discovery.

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But both these stories are incredible
opportunities.

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And you know, I think you could just

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you could put

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a periodic table on your wall

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and you can just about any element
right now, because what’s happening

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in the world, it could be copper,
it could be zinc, it could be cobalt.

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But if we look and, you know, Dev’s done
a lot of work with Rick Rule,

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who is considered to be
one of the smartest investors.

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And he’s reminded the investors many,
many times that some of the more stunning

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to return on a percentage
basis have often been in uranium.

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And there’s a reason for that.

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There typically isn’t a lot of names,
quality names for investors to buy.

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And when you’re in the exploration
business, which you as Dev alluded, it’s

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a risky business at the junior level,
you better have the right people.

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And so, you know, I think that makes
a very good point to investors

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picked the right management teams
but also be in the right commodities.

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So uranium is uranium’s
the right commodity.

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I couldn’t agree more and you know
at 6 or 7 cents per share with SKRR

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are you know a big discovery at Clearwater
will definitely reiterate this thing

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and I’m looking forward to the future
and staying in touch with you guys.

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Thank you so much for the time. Again,
appreciate everything.

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And let’s stay in touch.
You got it, thank you so much.

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Thanks for your time.

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Thank you.