In my opinion, it's possible, a take over or merger could be on the cards.
Azarga Uranium Corp being the perfect candidate, imo. With the Dewey Burdock (ISR) project only months away from commencement.
Ablation as an Alternative to ISR of Uranium
Ablation can be an effective alternative to ISR. In this application, the ablation system will be coupled to a borehole mining rig, which drills into the formation and uses high pressure (1,800 - 3,600 psi) water to scour the uranium bearing ore from the host rock.
As a technology, borehole mining was successfully tested by the US Bureau of Mines in the 1970s on sandstone hosted uranium deposits. (SME Mining and Engineering Handbook, Chapter 22.4)
The advantage of borehole mining is the process of mining puts the ore into a water-based slurry that feeds, with little preparation, into a surface located ablation system.
This main advantages of this approach to mining deposits that would be targeted by ISR result from the fact that this approach is used only water and is used by the borehole mining and ablation systems. Ablation is a water only
http://www.ablation-tech.com/APPLICATIONS_ISR.html
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