“A Great Stepping Stone”: 24% Resource Increase at Muntanga Project - Atomic Eagle CEO Phil Hoskins

In this episode of Mining Stock Education, host Bill Powers interviews Atomic Eagle CEO Phil Hoskins about the company's significant 24% resource increase at the Muntanga Project in Zambia, growing from 47.4 million to 58.8 million pounds of uranium. The expansion was achieved with just $700,000 in drilling, costing only about five cents per pound, highlighting the project's exceptional value and exploration efficiency. Hoskins emphasizes the project’s strong geological potential, with eight high-potential targets identified in Muntanga North and two in Namakande, supported by airborne radiometrics and soil geochemistry. The company uses low-cost gamma-probe drilling for rapid, cost-effective exploration, reserving diamond and RC drilling for later-stage confirmation. A re-released feasibility study, independently reviewed and compliant with both JORC and North American standards, confirms the project’s technical viability, with scale being the key to economic feasibility. The discussion also covers the potential reacquisition of the larger Matawela asset in Niger, which adds significant option value, and the company’s growing visibility in North America and inclusion in major uranium ETFs. The episode closes with a strong cautionary note on the high-risk, high-reward nature of junior mining stocks, stressing discipline, due diligence, and emotional detachment for long-term success.