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Roger Lemaitre, President & CEO of Homeland Uranium | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media May 28, 2026

Summary

Homeland Uranium aims to build a million pounds a year of uranium output from two Colorado Plateau projects with historical resources.

Modern heap leaching (dissolving metal from crushed ore on lined pads) could make shallow open-pit uranium mining economic at scale.

A first drill program at Coyote Basin disappointed, so focus is pivoting to Crossbones and its 45-million-pound historical resource.

Converting a historical resource into an inferred estimate takes two drill campaigns, then a PEA (preliminary economic assessment) — about three years, the CEO says.

Northwest Colorado's ranching and oil-and-gas communities support mining, and highways plus a nearby power plant simplify infrastructure.

Rick Rule's takeaways

  • Top takeaway Discloses he is personally a Homeland Uranium shareholder and, after knowing Lemaitre for about 18 months, features him in his pre-symposium interview series.
  • Frames Lemaitre's Cameco exploration and M&A background as the ideal apprenticeship for a uranium CEO and says his audience is interested in uranium.

Roger Lemaitre's takeaways

  • Top takeaway Argues that bringing 45 years of mining technology, including lined heap-leach pads, alkaline leaching and ion exchange, to shallow open-pit conventional uranium can be economic at the right scale, something untried in the US since the late 1970s.
  • Targets building roughly one million pounds per year for a 10-year window, insisting conventional resources rather than ISR are the route, since few ISR projects outside Kazakhstan can reach that annual output.
  • After disappointing February 2026 drilling at Coyote Basin, he is pivoting to Crossbones and verifying its 45-million-pound historical resource to design the first conversion drill campaign.
  • Lays out a staged path of about two drill campaigns to an inferred resource, then a PEA before deciding on infill and feasibility work, roughly 2.5 to 3 years out from May 2026.
  • Sees the northwest Colorado district as supportive of mining, being ranching and oil-and-gas country with strong local backing, and says Homeland is funded for the first-phase Crossbones program.