Author: StockMan

State-controlled Kazatomprom mines uranium in Kazakhstan both independently and through joint ventures. Credit: Kazatomprom The world’s top uranium producer, Kazatomprom (LSE: KAP), reported a 10% increase in production in its first quarter results, while sales were down by more than a half compared to last year’s first quarter.

Output came to 7.2 million lb. uranium oxide (U 3 O 8 ) on an attributable basis, up from 6.4 million lb. U 3 O 8 last year, Kazatomprom said on Thursday.

However, group sales volumes of 7.2 million lb. U 3 O 8 were 55% lower than last year’s first quarter total of 15.8 million lb. U 3 O 8 , according to a release.

The results were generally a disappointment for BMO Capital Markets mining analyst Alexander Pearce, who said in a note on Thursday that by most measures the company’s results were below his previous estimates.Pointing out that group sales were […]

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TORONTO, May 03, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. ("PUR", the "Company" or "Premier American Uranium") (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce that its common shares have commenced trading on the OCTQB under the symbol PAUIF. The listing complements PUR’s existing DTC Eligibility.

Colin Healey, CEO of PUR, commented, "As a U.S. focused uranium exploration and development Company, having our shares trade on the OTCQB is an important step in unlocking value for our existing shareholders in the U.S. Additionally, with this now completed, we anticipate leveraging the OTC platform to expand our visibility to a broader network of investors, which aligns seamlessly with current uranium market dynamics, particularly within the U.S."

The OTCQB is a U.S. trading platform operated by the OTC Markets Group and is the premier marketplace for entrepreneurial and development stage U.S. and international companies committed to providing a high-quality trading and information […]

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Toro Energy is re-evaluating the resource at its Wiluna uranium project in WA. Credit: File A surging global uranium price has led Toro Energy to re-evaluate the mineral resource of its Dawson Hinkler deposit in Western Australia, leading to a 115 per cent increase in the site’s contained uranium oxide.

Management says the rapidly-improving uranium market now supports a lower cutoff grade for the deposit’s economics, allowing it to lift its stated resource for the operation from 9.44 million pounds of uranium oxide up to 20.29 million pounds.

Toro says reducing its cutoff grade from 200 parts per million down to 100ppm allows for a better comparison with its peers, with several exploration companies using a similar metric for mineral resource estimates. The average grade of the company’s deposit now sits at 186ppm uranium oxide, with 44 per cent in the important indicated category.

Dawson Hinkler sits just 15km from Toro’s Wiluna […]

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VANCOUVER, BC, April 30, 2024 /CNW/ – C2C Metals Corp. (CSE: CTOC) ( the "Company" or "C2C") today reports the acquisition, through staking, of the Sun Uranium Project located in easternmost Utah between the prolific Uravan, Lisbon Valley and La Sal Uranium Districts. The Sun Uranium Project was identified through research of proprietary mineral databases. The Company also advises that Jason Bagg, Chief Executive Officer, will present on Tuesday April 30 th , 2024 at the Uranium, Battery and Precious Metals Investor Conference | Virtual Investor Conferences .

Significant highlights include: The Sun Uranium Property consists of 120 claims, covering almost 4 square miles, located approximately 40 miles southeast of Moab, Utah;

1950’s exploration at the Sun Uranium Project included 23 drill holes by New Jersey Zinc with good grade uranium and vanadium mineralization from the Salt Wash sandstone, the host of most uranium production from the La Sal […]

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The extensive power required to run AI models at data centres has brought nuclear energy clearly into focus.

-A volatile uranium spot market
-Ship carrying Russian uranium released from Germany
-US tech companies move to shore up supply of nuclear power

The uranium spot market was particularly volatile last week, industry consultant TradeTech reports. The sharp price movements are attributed in large part to the lack of consensus among market participants regarding the depth of buying interest.The price stability of recent weeks was welcomed by utilities, however, other market players viewed the lack of price movement as indicative of waning spot market demand. This resulted in some sellers lowering their offer prices throughout the week in order to encourage buying interest.The drop in offer prices did succeed in bringing buyers to the market, but it was also read by some buyers as a sign that prices might soften further, […]

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VANCOUVER, British Columbia, April 29, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that drilling and mobilization plans have been finalized for the inaugural drill program on the 7,302-hectare Canary Project (“ Canary ” or “the Project ”). The Project is currently under a three-year earn-in option agreement (the “ Option Agreement ”) with Mamba Exploration Limited. (“ Mamba ”). Pursuant to the Option Agreement, Mamba has been granted an option (the “ Option ”) to earn a 75% interest in the Project by funding CAD$6M in exploration expenditures over three years, with the inaugural drill program planned for spring 2024.

The Company and Mamba are pleased to announce that final planning is complete for the inaugural Spring/Summer drill program on the Project, situated in the prolific eastern Athabasca Basin (Figure 1). […]

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Copper and uranium stocks were boosted today on a combination of well received quarterly updates and modest price gains in their respective underlying commodities (copper to closing at 1 year highs on Friday on the London Metals Exchange).

But, it’s lithium stocks which are to be watched closely going forward as a key lithium contract in China surged over 5% ahead of the upcoming May Day holiday later this week. We check the chart, and it shows this was an important move – big, and on large volume.

Outside of the usual gyrations in commodity stocks, Real Estate, Technology and Communications stocks topped the sector performance list, while Energy lagged behind.

Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 29 Apr 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 61.5 points higher at 7,637.4, 0.81% from its session low and just 0.12% from its high. In […]

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Nuclear technology ‘already’ there and is ‘used around the world’: David Littleproud Aerial images of Honeymoon uranium project 80km north-west of Broken Hill. Supplied by Boss Energy The value of uranium mining company Boss Energy continues to go nuclear, with the miner jumping three per cent in trading on Monday after announcing its first production of yellowcake from the recommissioned Honeymoon project in remote South Australia.

The jump has pushed the market capitalisation of Boss to almost $2bn from just $37m in 2015, when the company took on the abandoned mine site about 400km northeast of Adelaide.

Production at the mine is expected to ramp up to 2.45 million pounds of uranium for export each year from a total resource 71.6 million pounds and comes as global uranium prices surge, moving from about $77 per pound in January 2023 to about $140 per pound this week.

Boss managing director Duncan Craib said […]

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The worldwide landscape of uranium production is poised for substantial change, with an expected surge in output that could break previous records. This shift is driven by a renewed emphasis on clean energy transition and geopolitical tensions. A notable increase has been observed recently in the stocks of uranium miners, propelled by predictions of increased production coupled with price surges. Increase in Global Uranium Production

Mining.com’s latest reports indicate a promising outlook for the uranium industry as global production is predicted to grow by 11.7%, reaching over 60.3 kilotons (kt) by 2024. This forecast not only indicates a strong recovery but also signifies a crucial time for the industry as it approaches record-breaking levels of production. Kazakhstan Leading Production Growth

Kazakhstan is projected to lead this upswing in uranium production with considerable growth anticipated for 2024. Central to this expansion is Kazatomprom – the world’s topmost producer of uranium […]

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The worldwide landscape of uranium production is poised for substantial change, with an expected surge in output that could break previous records. This shift is driven by a renewed emphasis on clean energy transition and geopolitical tensions. A notable increase has been observed recently in the stocks of uranium miners, propelled by predictions of increased production coupled with price surges. Increase in Global Uranium Production

Mining.com’s latest reports indicate a promising outlook for the uranium industry as global production is predicted to grow by 11.7%, reaching over 60.3 kilotons (kt) by 2024. This forecast not only indicates a strong recovery but also signifies a crucial time for the industry as it approaches record-breaking levels of production. Kazakhstan Leading Production Growth

Kazakhstan is projected to lead this upswing in uranium production with considerable growth anticipated for 2024. Central to this expansion is Kazatomprom – the world’s topmost producer of uranium […]

Click here to view original web page at www.theglobeandmail.com

Severe storms in southern Kazakhstan have disrupted operations at multiple uranium mines, including the crucial Inkai mine and processing complex, according to a report by Global X ETFs. The disturbances have constrained the delivery of reagents, affecting production at the Inkai facility.

Global X ETFs highlighted the challenges faced by uranium miners amidst the disruptions. Despite uranium spot prices consolidating below $100 due to various factors such as utilities’ buying pause and hedge funds’ profit-taking, prices have remained at levels not seen in 16 years. The market has been buoyed by global governments’ support for nuclear energy, with expansion plans announced by countries like Ukraine and Serbia. The flooding in Kazakhstan, where Kazatomprom, the main producer of uranium, operates, has exacerbated supply constraints in the market. Storms caused by melting snow have further hindered operations at multiple uranium mines in the region, including the Inkai mine and processing complex.

The Inkai […]

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Vancouver, British Columbia–(Newsfile Corp. – April 25, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project (" Gibbons Creek ", or the " Project ") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The 2024 drilling program was designed to test for continuity of uranium mineralization first discovered in 1979 by Eldorado Nuclear and by ALX in 2015. Five holes totaling 849.44 metres were completed. Four of the five holes intersected uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX’s geological team. Mineralization found in the 2024 drilling was intersected in two areas located 500 metres apart within a target area […]

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SASKATOON, SK, April 25, 2024 /CNW/ – IsoEnergy Ltd. ("IsoEnergy" or the "Company") (TSXV: ISO) (OTCQX: ISENF) is pleased to provide an update on the results of winter 2024 exploration work on its eastern Athabasca Basin uranium properties (Figure 1). A total of 7,227 metres of drilling in 13 diamond drill holes on the Larocque East and Hawk projects confirmed ambient noise tomography (ANT) low velocity anomalies and identified new targets planned for testing during the summer exploration program set to commence in June 2024.

Highlights: Laroque East Project o Seven drill holes (LE24-157 to LE24-163) tested a prominent ANT low velocity anomaly along the northeast extension of the Hurricane electromagnetic (EM) conductor corridor.

o Drilling intersected prospective brittle faults and alteration interpreted as the source of the ANT anomaly as well as intersecting the continuity of the Hurricane trend graphitic-pyritic basement lithologies up to 2,200m to the east.

[…]

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Vancouver, British Columbia–(Newsfile Corp. – April 25, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project (" Gibbons Creek ", or the " Project ") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The 2024 drilling program was designed to test for continuity of uranium mineralization first discovered in 1979 by Eldorado Nuclear and by ALX in 2015. Five holes totaling 849.44 metres were completed. Four of the five holes intersected uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX’s geological team. Mineralization found in the 2024 drilling was intersected in two areas located 500 metres apart within a target area […]

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Vancouver, British Columbia–(Newsfile Corp. – April 24, 2024) – Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (" Cosa " or the " Company ") is pleased to announce the completion of the winter 2024 diamond drilling program at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (" Ursa " or the " Property ").

Highlights Three holes totalling 3,438 meters completed at the Kodiak target area

Drill hole UR24-03 intersected structures, hydrothermal alteration and minor sulphide mineralization in the Athabasca sandstone several hundred metres above the unconformity

High-strain ductile basement fabrics with late brittle overprint were identified Sufficient supplies and equipment have been mobilized to conduct an expanded summer program Keith Bodnarchuk, President and CEO, commented: "Congratulations to Andy and the entire team for safely and effectively completing our inaugural drill program at the 100% owned Ursa project. To intersect […]

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Vancouver, British Columbia–(Newsfile Corp. – April 22, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that its earn-in partner at the Copper Mountain Uranium Project, Rush Rare Metals Corp. ("Rush"), has entered into a 20-year mining lease (the "Lease") with Diamond X Ranch, LLC ("Diamond X") dated April 9, 2024, with automatic extensions if mining is in progress. The area subject to the Lease (see Figure 1 below) forms part of the Copper Mountain Uranium Project, in which Myriad has a 75% earnable interest pursuant to a property option agreement with Rush. With the Lease, the size of the Copper Mountain Uranium Project increases by 320 acres from 3,886 to 4,206 acres. Junior Mining Network Figure 1: Copper Mountain area leased from Diamond X

Under the Lease, Myriad has paid Diamond X a US$5,000 signing bonus and the first-year […]

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Boss Energy Investing News Network

April 22, 2024 Major milestone paves way for strong growth in production, cashflow and financial returns as Boss increases production rate by leveraging the infrastructure and extensive JORC Resource

Boss Energy Limited (Boss or the Company) is pleased to announce that it has produced the first drum of uranium at its 100 per cent-owned Honeymoon Uranium Project in South Australia.

This major milestone is part of the highly successful commissioning process at Honeymoon, which will see production ramp up to 2.45Mlb of U3O8 a year.As well confirming the project’s technical and operational success, Boss has delivered exceptional shareholder returns. The Company has no debt and $298 million of liquid assets (being cash, equity investments and physical uranium) as at March 31, 2024. This is equal to almost 70 per cent of the funds Boss has raised since it acquired Honeymoon in December 2015. This […]

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Vancouver, British Columbia–(Newsfile Corp. – April 19, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that its earn-in partner Rush Rare Metals Corp. ("Rush"), again guided by proprietary data, has acquired the historic Bonanza and Kermac/Day uranium mines at Copper Mountain (See Figure 1 below). Various proprietary documents in Myriad’s possession indicate that the Bonanza Mine produced around 780,000 lbs from 30,000 tons of ore at a grade of 1.3% eU 3 O 8 , while at the Day Mine, 1,152 tons of ore were mined at grades of between 0.12% and 0.56% eU 3 O 8 in the early 1960’s (see Figure 2 below).

"Bonanza-Kermac" aggregates 280 acres, and its acquisition increases the area subject to Myriad’s 75% earnable interest under the property option agreement between Myriad and Rush from 3,605 acres to 3,886 […]

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Novo Resources Vancouver, British Columbia–(Newsfile Corp. – April 19, 2024) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (" GoviEx " or " Company ") is currently in discussions with the Government of the Republic of Niger regarding the commencement of its mining operations. The Company has received notice that it must commence mining at its Madaouela uranium project (the " Madaouela Project " or " Project ") by 3 July 2024, failing which there is a risk of revocation of its mining permit.

The Company is committed to developing the Project and is working with the Nigerien government towards a mutually beneficial solution that complies with applicable law and protects the Company’s rights. While there is no guarantee of the outcome of these discussions, GoviEx is committed to exploring all viable options to ensure the best results for the Company and all of its stakeholders. In parallel with the […]

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Function – Counter trend.

Mode – Corrective.

Structure – Emerging Zigzag.

Position – Red wave (C) of blue 4. Direction – Red wave (C) of blue 4 is still in play. Details – Price broke blow 30. Wave (C) was confirmed by the break below 29.26. Should extend toward 25.94.The GX Uranium ETF is an exchange-traded fund (ETF) that focuses on investing in companies involved in the uranium industry. Uranium is a key component in nuclear power generation, and its demand is influenced by factors such as global energy needs, environmental concerns, and government policies regarding nuclear power.Recent market movements have seen the GX Uranium ETF undergo a bearish correction, with a decline exceeding 5% over the current trading week. This downturn commenced on February 1st, 2023, and is anticipated to persist in the short term before encountering a support level, heralding the onset of renewed upward momentum. Notably, […]

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Thunderbird Resources executive chairman George Bauk. Credit: File Thunderbird Resources (formerly Valor Resources) has assembled a surprising array of interesting-looking uranium and lithium targets in some of the hottest mineral territories in the world, including Canada’s Athabasca uranium basin and Ontario, which is a now world-class lithium province.

The Athabasca Basin is remarkable for its average uranium grades of about 2 per cent and its massive-scale deposits – and Thunderbird appears to have somehow managed to pick the eyes out of it, timing its new uranium rush perfectly.

Notably, the Athabasca Basin has been historically responsible for churning out 20 per cent of the world’s primary uranium production and it has a six- decade history of producing the controversial mineral.

Thunderbird has a dual strategy of riding the current uranium wave while continuing to get set for what many critics believe will be the imminent third coming of the lithium market. It […]

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Ahead of this week’s global nuclear conference, the uranium spot price ticked higher last week as the SPUT stepped in with buying.

-SPUT buying spot uranium
-This week’s conference will focus on Kazakhstan
-US Senate launches Nuclear Caucus

The spot uranium market was quiet last week until later in the week, when the listed price of the Sprott Physical Uranium Trust moved into a premium to its net asset value, prompting the trust to purchase 100,000lbs U3O8 at US$88.00/lb.Industry consultant TradeTech reports this prompted some action from other buyers, and by week’s end TradeTech’s weekly spot priced indicator had settled at US$90.00/lb, up US$1.25.In term markets, utilities remain key buyers as logistical issues threaten to disrupt supply. A ship carrying Russian enriched uranium remains sequestered in Germany due to the presence of EU-sanctioned plywood on the vessel. That vessel was destined for the port of Baltimore.But the port of […]

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Vancouver, British Columbia–(Newsfile Corp. – April 15, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that Myriad and its earn-in partner Rush Rare Metals Corp. ("Rush") have acquired by staking a new area identified in proprietary historical data as "The Midnight Prospect" or "Midnight" (see Figure 1 below). Midnight The historical data indicate that Midnight is highly prospective and may potentially contain up to 10 Mlbs eU 3 O 8 according to earlier reports by Rocky Mountain Energy Corp ("RME"), a subsidiary of Union Pacific, and a map from a 1991 Anaconda report (see Figure 2 below). Rush’s CEO Peter Smith recently visited the Midnight Prospect. A video of his visit can be viewed here .

Midnight aggregates 798 acres, and its acquisition increases the area subject to Myriad’s 75% earnable interest under the property […]

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Vancouver, British Columbia–(Newsfile Corp. – April 15, 2024) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") has reviewed initial data processed from its Ambient Noise Tomography (ANT) survey conducted over the Tatiggaq anomaly during the summer of 2023, The survey successfully established new drill targets over a one plus kilometer east-northeast extension along the Tatiggaq fault zone, which hosts the high-grade Tatiggaq uranium discovery at Forum’s 100% owned Aberdeen Project in the Thelon Basin, Nunavut. The Aberdeen project comprises 95,500 hectares and is located adjacent to Orano’s 133 million pound Kiggavik uranium project* (Figure 1).

Dr. Rebecca Hunter, Forum’s VP, Exploration commented, "The ANT survey may be a game-changing geophysical method for targeting unconformity systems in the northeast Thelon Basin. By measuring the velocity change interfaces throughout our anomalies, we can potentially image the faults that host the mineralization and the location of the […]

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Uranium Energy (NYSEMKT: UEC) stock has proven a profitable investment in recent years. In 2020, shares traded hands for just $0.38. Today, their price is around $7.

Huge money has already been made with Uranium Energy stock, but the company argues that its future remains incredibly bright. Is it time to buy, sell, or hold this hot stock? A rocket that was waiting to launch

As its name implies, Uranium Energy is all in on uranium and nuclear power. In 2006, the company went public, raising around $10 million. Its assets included several early-stage mining assets in places like Nevada, Arizona, New Mexico, and Paraguay. The company also acquired a 19.5% stake in Uranium Royalty , a company that makes investments in uranium interests such that its value will rise and fall along with the price of the metal itself.

Uranium Energy’s pitch to investors back then was simple: Uranium prices […]

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