Author: StockMan

Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – June 26, 2023) – Strathmore Plus Uranium Corporation (TSXV: SUU) (OTC Pink: SUUFF) (" Strathmore Plus " or " the Company ") is pleased to announce the expansion of the near-surface, airborne radiometric and magnetic surveys at the Night Owl project, and initiation of a ground geophysical survey at the Agate project, both located in the Shirley Basin uranium district of Wyoming. The intent of the surveys is to define areas of uranium deposits and drilling targets across the project areas, including both surface and sub-surface deposits and associated mineralization of other concentrated metals of interest.

During a visit to Night Owl and Agate on June 19, 2023, Dr. Brad Carr (Director of University Wyoming Near-Surface Geophysical Center, Research Associate in UW’s Dept. of Geology and Geophysics) and Terrence Osier, V.P. Exploration, P.Geo., confirmed off-scale (>9,999 cps) surface mineralization at Night Owl […]

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VANCOUVER, British Columbia, June 23, 2023 (GLOBE NEWSWIRE) — Forum Energy Metals Corp. (TSXV:FMC) (OTCQB:FDCFF) has closed its previously announced flow-through, non-brokered private placement. Forum is a diversified energy metal company with uranium, copper, nickel, and cobalt projects in Saskatchewan, Canada’s Number One Rated mining province for exploration and development, a strategic uranium land position in Nunavut and a strategic cobalt land position in the Idaho Cobalt Belt.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Forum Energy Metals closed its $3 million flow-through private placement and prepares for drill program in Nunavut: Forum Energy Metals closed its $3 million flow-through private placement and prepares for drill program in Nunavut

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “ InvestmentPitch ” and […]

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

Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) saw some unusual options trading on Thursday. Traders acquired 384,705 call options on the company. This is an increase of approximately 1,490% compared to the typical daily volume of 24,198 call options. Wall Street Analysts Forecast Growth

Time To Buy Uranium? Cameco Is The Top Pick

CCJ has been the topic of several research analyst reports. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research note on Friday, June 16th. Raymond James raised their price objective on Cameco to C$50.00 in a research note on Monday, May 1st. Finally, TD Securities lifted their price target on Cameco from C$50.00 to C$51.00 in a research note on Monday, May 1st. Cameco Trading Down 1.5 %

Shares of NYSE:CCJ opened at $30.87 on Friday. Cameco has a 12-month low of $20.34 and a 12-month high of […]

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(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the " Company " or " Traction ") announces that it has granted an aggregate of 525,000 restricted share rights (the " RSRs ") and 500,000 stock options (the "Options") to certain directors, officers, and consultants of the Company, in accordance with the terms and conditions of the Company’s New Equity Incentive Plan.

Each Option is convertible into a common share in the capital of the Company at an exercise price of $0.35 for a term of five years. All RSRs and Options vest on the date of the grant and, pursuant to the policies of the Canadian Securities Exchange, are subject to a hold period of four months from the date of the grant.

The grant of an aggregate of 200,000 of the RSRs and the Options to insiders of Traction is considered to be a related-party transactions as […]

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Алексей Кравчук/iStock via Getty Images Investment Thesis

The Uranium Energy Corp. (NYSE: UEC ) thesis is straightforward. Right now, the business is not in production. But when uranium prices reach $60lbs per pound, the business should resume its idled production.

I strongly believe in the need for uranium to supplement our renewable energy transition. The U.S. government strongly believes in the need for uranium. This is a straightforward investment thesis. This plays into what I call the triple Ds, Deglobalization, Decarbonization, and Digitalization (the topic of this Friday’s blog).

Here’s why I’m bullish on Uranium Energy Corp. Why Invest in a Uranium Company Before getting into UEC specifically, allow me to explain why I believe in the need for uranium. I’m not calling on a uranium squeeze. I’ve articulated my thoughts on this in the past. Succinctly put, the definition of a squeeze comes from the ”unexpected taking place.”Given that so […]

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Vancouver, British Columbia–(Newsfile Corp. – June 22, 2023) – District Metals Corp.

DMX

DFPP ; ("District" or the "Company") is pleased to report that Bergslagen Metals AB (a 100% owned Swedish subsidiary of District) has received approval from the Bergsstaten (Mining Inspectorate) for the Ardnasvarre nr 1 mineral license application to explore for copper, molybdenum, zirconium, and rare earth elements (REE) over a 9,708 hectare (ha) area located in Norrbottens County, northern Sweden (Figure 1). The Ardnasvarre Property hosts several uranium, lead-zinc-silver and copper mineralized occurrences that were historically drilled by the Swedish Geological Survey and Boliden, respectively.The Ardnasvarre nr 1 mineral license is in good standing for a three year term that ends on April 17, […]

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

TORONTO, June 20, 2023 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“Labrador Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce the completion of the previously announced acquisition of the Angilak Property, located in Nunavut Territory, Canada (the “ Angilak Property ”), from ValOre Metals Corp (“ ValOre ”), all by way of a court-approved plan of arrangement (the “ Arrangement ”). The Arrangement was effective on June 19, 2023. The Company is also pleased to announce that it has satisfied the outstanding conditions for the release of the escrowed funds from the Company’s previously announced C$12.6 million brokered private placement of 18,672,000 subscription receipts (the “ Subscription Receipts ”) and 14,359,698 flow-through subscription receipts (the “ FT Subscription Receipts ” and together with the Subscription Receipts, the “ Offered Securities ”), which closed on April 5, 2023 (the “ Concurrent Private Placement ”).

[…]

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

The urainum market could pick up speed quickly. New York fund managers Leigh Goehring and Adam Rozencwajg have flagged that, as quickly mobilised spot volumes become scarce, speculators could use the Sprott Physical Uranium Trust (SPUT) to push yellowcake prices sharply higher .

SPUT currently has more than 61.7 million pounds of U3O8 under lock and key – and is considered by Goehring and Rozencwajg as a barometer of uranium investor sentiment.

“When investors are bullish on uranium, the Sprott Uranium Trust often trades at a significant premium to the value of its uranium holdings,” they said.

For the latest mining news, sign up here for free Stockhead daily newsletters “Speculators will eventually realise they can bull the Sprott Physical Uranium Trust, force a premium, have the Trust issue shares, and permanently sequester physical material.“Although this strategy would not work in a well-supplied market, it could create sharp price increases when […]

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Mr. Garrett Ainsworth reports:

Vancouver, British Columbia–(Newsfile Corp. – June 22, 2023) – District Metals Corp. (TSXV: DMX) (FSE: DFPP); ("District" or the "Company") is pleased to report that Bergslagen Metals AB (a 100% owned Swedish subsidiary of District) has received approval from the Bergsstaten (Mining Inspectorate) for the Ardnasvarre nr 1 mineral license application to explore for copper, molybdenum, zirconium, and rare earth elements (REE) over a 9,708 hectare (ha) area located in Norrbottens County, northern Sweden (Figure 1). The Ardnasvarre Property hosts several uranium, lead-zinc-silver and copper mineralized occurrences that were historically drilled by the Swedish Geological Survey and Boliden, respectively.

The Ardnasvarre nr 1 mineral license is in good standing for a three year term that ends on April 17, 2026. Renewal for an additional three years will require payment of mineral license fees to the Swedish Mining Inspectorate, and the completion of at least some geological, geochemical, […]

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

Investing News Network

June 21, 2023

Forum Energy Metals Corp. ( TSXV: FMC ) (OTCQB: FDCFF) ("Forum" or the "Company") announces that it has closed its previously announced non-brokered private placement for proceeds of $2,999,923 through the issuance of 22,221,649 flow through shares (the "FT Shares") at a price of $0.135 per FT Share (see news release dated May 24, 2023). Forum holds a 100% interest in 95,000 hectares of ground that Cameco Corporation extensively drilled from 2008 to 2012 adjacent to Orano’s 133 million pound Kiggavik uranium deposit in the Thelon Basin. A 2,000 metre drill program will commence in July, 2023 (Figure1).

Dr. Rebecca Hunter, Forum’s VP, Exploration stated, "Forum’s Nunavut Uranium Project in the Thelon Basin is a geologic analogue to the prolific Athabasca Basin for high grade, unconformity style uranium deposits. Our ground includes two uranium deposits, in addition to over 20 highly prospective targets. […]

Click here to view original web page at investingnews.com

The urainum market could pick up speed quickly. New York fund managers Leigh Goehring and Adam Rozencwajg have flagged that, as quickly mobilised spot volumes become scarce, speculators could use the Sprott Physical Uranium Trust (SPUT) to push yellowcake prices sharply higher .

SPUT currently has more than 61.7 million pounds of U3O8 under lock and key – and is considered by Goehring and Rozencwajg as a barometer of uranium investor sentiment.

“When investors are bullish on uranium, the Sprott Uranium Trust often trades at a significant premium to the value of its uranium holdings,” they said.

For the latest mining news, sign up here for free Stockhead daily newsletters “Speculators will eventually realise they can bull the Sprott Physical Uranium Trust, force a premium, have the Trust issue shares, and permanently sequester physical material.“Although this strategy would not work in a well-supplied market, it could create sharp price increases when […]

Click here to view original web page at www.geelongadvertiser.com.au

So this is it, we’ve finally started to see what’s been brewing in the long-term uranium market for a while, finally reaching the spot market, as the price is breaking out and reached $57.65 USD/lb very recently, and it looks like it’s stabilizing around the $56-57 range. As previously mentioned here, the Swiss vehicle, Zuri-invest Uranium AMC has raised their millions and started to buy uranium in the spot market. https://twitter.com/quakes99/status/1669709938724315138

In what would otherwise be a quiet period of the year for nuclear utilities to come and sign their long-term contracts with the miners, it seems like the financial vehicles are filling in the gap and bringing excitement to the market.

And it couldn’t be any other way – a $3 move happened with only 1m lbs bought, and in a market where approximately 180-200m lbs are consumed annually. Rumour has it an RFP for 2 million for processed […]

Click here to view original web page at equity.guru

Vancouver, British Columbia–(Newsfile Corp. – June 13, 2023) – Basin Uranium Corp. (CSE: NCLR) (OTC Pink: BURCF) (FSE: 6NP0) (" Basin Uranium " or the " Company ") announces that it intends to consolidate its common shares (the " Common Shares ") on a four (4) to one (1) basis (the " Consolidation "). The Consolidation has been approved by the Directors of the Company, in accordance with the Articles of the Company.

The Company currently has 43,393,517 Common Shares issued and outstanding. Following the completion of the Consolidation, the Company is expected to have approximately 10,848,379 Common Shares issued and outstanding, subject to rounding for fractional Common Shares. The exercise price and number of Common Shares issuable upon the exercise of the Company’s outstanding options and warrants will also be proportionally adjusted upon completion of the Consolidation.

The Consolidation is subject to approval from the Canadian Securities Exchange (the " […]

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Cinefootage Visuals The electric car revolution has been underway for over a decade now, with all major players developing and touting at least one full electric model. While only representing 7% of new sales in the US in 2022, the projection is half of new car sales worldwide will be electric by 2035. One company that shows promise as a beneficiary from the demand for increased, clean electrical output to help power these electric vehicles is Centrus Energy (NYSE: LEU ). From the company’s strategic position in the nuclear fuel industry to its recent growth prospects, we will delve into why LEU has the potential to generate long-term growth for investors and has a set-up for a shorter term swing trade.

Centrus Energy is a leading provider of enriched uranium for the nuclear power industry. As a trusted supplier, the company plays a vital role in supporting global nuclear energy […]

Click here to view original web page at seekingalpha.com

Vancouver, British Columbia–(Newsfile Corp. – June 21, 2023) – Basin Uranium Corp. (CSE: NCLR) (OTC Pink: BURCF) (FSE: 6NP0) (" Basin Uranium " or the " Company ") announces that, further to the Company’s news release dated June 13, 2023, the Company will implement the previously announced consolidation of its common shares (the " Shares ") on a four (4) to one (1) basis (the " Consolidation ") effective as of June 26, 2023, with a record date of June 26, 2023.

The name of the Company and trading symbol will remain the same after the Consolidation. The new CUSIP number will be 07012B403 and the new ISIN number will be CA07012B4038 for the post Consolidation Shares.

The Company’s post-Consolidation Shares are expected to begin trading on the Canadian Securities Exchange (" CSE ") on or about June 26, 2023. The total issued and outstanding number of Shares post-Consolidation will be […]

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Investing News Network

June 21, 2023

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Blue Sky Uranium Corp. ( TSXV: BSK ) (FSE: MAL2) (OTC: BKUCF) ("Blue Sky" or the "Company") further to the Company’s news release dated June 19, 2023 the Company announces an increase of the units issued from 14,155,635 to include an additional 666,666 units for a new total for the 1 st tranche of 14,822,301 units for aggregate gross proceeds of $1,111,672.58 . Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.) Each unit (a " Unit ") consists of one common share (a " Share ") and one transferrable common share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.12 per share for three (3) years from the date of […]

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Investing News Network

June 21, 2023

(TheNewswire) Vancouver, British Columbia TheNewswire – June 21, 2023 Cosa Resources Corp. ( CSE: COSA ) (" Cosa Resources " or the " Company ") is pleased to announce that it has closed the brokered private placement previously announced by the Company on May 30, 2023 for aggregate gross proceeds of $5,557,795.50 (the " Offering "). The Offering was conducted by Haywood Securities Inc. (the " Agent ") as sole agent and bookrunner.

Pursuant to the Offering, the Company issued 4,450,830 hard dollar units of the Company (the " Hard Dollar Units ") at a price of C$0.35 per Hard Dollar Unit and 7,767,000 charity flow-through units of the Company (the " Charity FT Units ", and together with the Hard Dollar Units, the " Units ") at a price of C$0.515 per Charity FT Unit, which includes the full exercise of the Agent’s over-allotment […]

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AscentXmedia/E+ via Getty Images The big picture: uranium and uranium equities

Uranium prices are quietly rising, but it remains unclear whether this recent movement is driven by speculators front-running the launch of the Zuri-invest Uranium Actively Managed Certificate , or if it signifies a more significant structural change in the uranium market. However, investment vehicles like the Sprott Physical Uranium Trust (SPUT) are not responsible for this price increase, as SPUT has been trading at a discount to NAV since March.

Therefore, we are observing an interesting divergence at the moment. Sentiment in the uranium sector is low, as evidenced by the 50% correction of many uranium equities from their previous highs. However, simultaneously, both the uranium spot price and long-term price are showing an upward trend. If we are indeed at an inflection point where the uranium market is returning to being production-driven, an opportunity presents itself for investors […]

Click here to view original web page at seekingalpha.com

Investors in Uranium Energy Corp (Symbol: UEC) saw new options begin trading this week, for the November 17th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 150 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the UEC options chain for the new November 17th contracts and identified one put and one call contract of particular interest.

The put contract at the $3.00 strike price has a current bid of 25 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $3.00, but will also collect the premium, […]

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Investing News Network

June 19, 2023

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , ("Blue Sky" or the "Company") is pleased to announce it has closed the first tranche of the non-brokered private placement announced on June 8, 2023 (the " Offering ") through the issuance of 14,155,635 units at a subscription price of $0.075 per unit for aggregate gross proceeds to the Company of $1,061,672.63.

Each unit (a " Unit ") consists of one common share (a " Share ") and one transferrable common share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.12 per share for three (3) years from the date of issue, expiring on June 19, 2026.Finder’s fees of $44,573.91 are payable in cash on a portion of the private placement to parties at arm’s […]

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KELOWNA, BC, June 20, 2023 /CNW/ – FISSION URANIUM CORP. (" Fission " or the " Company ") announced the results of matters voted on at the Company’s annual general meeting and special meeting (the " Meeting ") of shareholders held earlier today.

A total of 329,325,643 shares, or 45.68 % of Fission’s common shares that were eligible to be voted at the Meeting, were voted.

The following table outlines the voting results for each of the director nominees: Director Nominees Votes FOR Percentage of Votes
FOR (%) Votes
AGAINST Percentage of VotesAGAINST (%) Robby Chang 278,686,581 99.2 2,350,605 0.8 Frank Estergaard 278,758,423 99.2 2,278,763 0.8 William Marsh 276,818,376 98.5 4,218,810 1.5 Ross McElroy 276,607,190 98.4 4,429,996 1.6 Beatriz Orrantia 278,003,336 98.9 3,033,850 1.1 Felix Wang 277,907,917 98.9 3,219,269 1.1 Darian Yip 277,939,003 98.9 3,098,183 1.1 Each of the other matters put forward before shareholders for consideration and approval at the […]

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Liberty Star Uranium & Metals Corp. (OTC:LBSR) told investors it has received a positive independent evaluation of its wholly-owned Red Rock Canyon Gold Project (RRC) in southeast Arizona’s Cochise County.

The mineral exploration company said the evaluation, by independent consulting geologist James Bryce, found that the entire land package has great potential to host both gold and base metal mineralization since it appears to contain an entire porphyry system from intrusive up to boiling epithermal veins at surface.

Also, Bryce said in his evaluation that the company “is strongly urged to seek out one or two well-funded JV partners in the form of junior exploration companies” to further develop the gold prospect at Red Rock Canyon.

Bryce’s evaluation followed a tour of the RRC land package in April, as well as a review of previously-gathered geological reports including drill hole logs, Liberty Star said, noting that his observations included gold-bearing jasperoid structures.Bryce […]

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TUCSON, AZ, June 20, 2023 (GLOBE NEWSWIRE) — Liberty Star Minerals ( “Liberty Star” or the “Company” ) ( OTCMarkets : LBSR ) received an independent evaluation of its wholly owned Red Rock Canyon Gold Project (RRC) in southeast Arizona. Independent Consulting Geologist James Bryce , finds that “the entire land package…has a great potential for hosting both gold and base metals mineralization since it appears to contain an entire porphyry system from intrusive up to boiling epithermal veins at surface.” Also, Liberty Star Minerals “is strongly urged to seek out one or two well-funded JV partners in the form of junior exploration companies” to further develop the gold prospect at Red Rock Canyon.

In late April Bryce toured the RRC over the course of three days and spent a day reviewing previously gathered geological reports, including drill hole logs. Among his observations were gold bearing jasperoid structures:

“ The jasperoids […]

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TORONTO, June 20, 2023 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“Labrador Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce the completion of the previously announced acquisition of the Angilak Property, located in Nunavut Territory, Canada (the “ Angilak Property ”), from ValOre Metals Corp (“ ValOre ”), all by way of a court-approved plan of arrangement (the “ Arrangement ”). The Arrangement was effective on June 19, 2023. The Company is also pleased to announce that it has satisfied the outstanding conditions for the release of the escrowed funds from the Company’s previously announced C$12.6 million brokered private placement of 18,672,000 subscription receipts (the “ Subscription Receipts ”) and 14,359,698 flow-through subscription receipts (the “ FT Subscription Receipts ” and together with the Subscription Receipts, the “ Offered Securities ”), which closed on April 5, 2023 (the “ Concurrent Private Placement ”).

[…]

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Overview map of Standard Uranium’s eastern Athabasca projects. The newly staked Rocas Project is highlighted relative to the Wollaston-Mudjatik transition zone and uranium mines, mills, and occurrences. Rocas is located along the Wollaston-Mudjatik transition zone, which is related to multiple high-grade uranium deposits located to the north. Article content

VANCOUVER, British Columbia, June 12, 2023 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the refinement of their existing exploration-only business model to a more expansive project generator model. This transition will allow the Company to be highly capital efficient through the engagement of joint-venture partners for development of the Company’s prospective land package and progress the Company’s exploration projects more quickly while retaining upside exposure to any discoveries. Article content

With the addition of the Rocas Project (as described below), the Company now has ownership interests […]

Click here to view original web page at financialpost.com