Author: StockMan

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 […]

Click here to view original web page at investingnews.com

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

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 ").

John […]

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Cautiously, uranium bulls are starting to come out of hiding.

The uranium mining sector took a huge hit after the Fukushima nuclear accident in Japan in 2011 and has still yet fully to recover.

But the world has other pressing issues to contend with: namely climate change and pulling billions of the world’s poor out of poverty.

Nuclear can help with both and as such it’s coming back into fashion.Amongst the main candidates in the upcoming 2024 US Presidential elections, Robert Kennedy Junior is against nuclear, while the other main candidates are locked in. Splitting a kilogram of U-235 releases a huge amount of energy – about 2.5 million times the amount of energy produced by burning the same amount of coal (stock image) Ron De Santis told reporters in February that nuclear was the cleanest source of power ‘of all’.Donald Trump is pro, and the incumbent President can’t afford to undermine […]

Click here to view original web page at www.thisismoney.co.uk

Pic: via Getty Images share

Earlier this month New York fund managers Leigh Goehring and Adam Rozencwajg 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 over 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.“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 physical material is scarce as utilities are forced to compete with speculators for volumes.“Uranium is bullish […]

Click here to view original web page at stockhead.com.au

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.couriermail.com.au

Receive up-to-date information about the company directly via push notification The fact that a pound of uranium currently costs around 50 US dollars could be just the beginning. It is still a good 90 U.S. dollars short of the old highest price. But there’s always room for improvement. Around two-thirds of global uranium production comes from Kazakhstan, Canada and Australia. Last year, Kazakhstan produced about 43 percent of the world’s uranium, Canada about 15 percent and Namibia about 11 percent. About 55 percent is now produced by in-situ leaching. And various figures show that the demand for uranium is growing. Almost 60 new nuclear power plants were under construction at the end of 2022. There are 439 nuclear reactors in operation worldwide. According to the Nuclear Fuel Report, uranium demand is expected to increase by 27 percent by 2030 and 38 percent by 2040.

Most uranium for nuclear power plants […]

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VANCOUVER, BC, June 19, 2023 /CNW/ – 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 […]

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The uranium industry is back. But global reserves are still low and the potential for supply shortages is high.

The fact that a pound of uranium currently costs around 50 US dollars could be just the beginning. It is still a good 90 U.S. dollars short of the old highest price. But there’s always room for improvement. Around two-thirds of global uranium production comes from Kazakhstan, Canada and Australia. Last year, Kazakhstan produced about 43 percent of the world’s uranium, Canada about 15 percent and Namibia about 11 percent. About 55 percent is now produced by in-situ leaching. And various figures show that the demand for uranium is growing. Almost 60 new nuclear power plants were under construction at the end of 2022. There are 439 nuclear reactors in operation worldwide. According to the Nuclear Fuel Report, uranium demand is expected to increase by 27 percent by 2030 and 38 […]

Click here to view original web page at www.pressebox.de

VANCOUVER, British Columbia, June 19, 2023 (GLOBE NEWSWIRE) — Kiplin Metals Inc. (TSX-V: KIP) (the “ Company ” or “ Kiplin ”) would like to provide its outlook on the significant price increase observed in the uranium market. The spot price of U3O8 uranium has surged more than 120% since the beginning of 2020.

The Company acknowledges the positive impact of this price upturn, which reflects the growing global demand for clean and sustainable energy sources. As the international community focuses on transitioning towards a low-carbon future, nuclear energy remains pivotal in meeting the world’s increasing energy needs while reducing greenhouse gas emissions. This renewed interest in nuclear power has spurred a strong demand for uranium.

Kiplin believes that the recent surge in uranium prices indicates favourable market conditions and affirms the potential and importance of the uranium sector. As a company specializing in uranium exploration, this trend bolsters our […]

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VANCOUVER, British Columbia, June 19, 2023 (GLOBE NEWSWIRE) — Kiplin Metals Inc. (TSX-V: KIP) (the " Company " or " Kiplin ") would like to provide its outlook on the significant price increase observed in the uranium market. The spot price of U3O8 uranium has surged more than 120% since the beginning of 2020.

The Company acknowledges the positive impact of this price upturn, which reflects the growing global demand for clean and sustainable energy sources. As the international community focuses on transitioning towards a low-carbon future, nuclear energy remains pivotal in meeting the world’s increasing energy needs while reducing greenhouse gas emissions. This renewed interest in nuclear power has spurred a strong demand for uranium.

Kiplin believes that the recent surge in uranium prices indicates favourable market conditions and affirms the potential and importance of the uranium sector. As a company specializing in uranium exploration, this trend bolsters our […]

Click here to view original web page at www.finanznachrichten.de

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, British Columbia, June 15, 2023 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“ Anfield ” or the “ Company ”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of a syndicate of agents (collectively, the “ Agents ”), who have agreed to sell, on a commercially reasonable efforts private placement basis, 90,909,090 units of the Company (“ Units ”) at a price of C$0.055 per Unit (the “ Offering Price ”), for aggregate gross proceeds of C$4,999,999.95 (the “ Offering ”). Each Unit will be comprised of one common share in the capital of the Company (a “ Share ”) plus one-half of one Share purchase warrant […]

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Investing News Network

June 16, 2023

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders ("Meeting"), held on June 15, 2023 .

Shareholders voted in favour of all matters of business before the Meeting. Each of those matters is set out in detail in the Management Information Circular published in connection with the Meeting, which is available at www.nexgenenergy.ca .A total 329,424,392 common shares, representing approximately 67.60% of the Company’s outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of (a) reappointing KPMG LLP as auditors of the Company (99.68% in favour), and (b) setting the number of directors at ten (99.28% in favour).Shareholders also voted on the following matters at the Meeting. Election of Directors The following nominees listed in the Management […]

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Copper prices are expected to rise in the long term due to increased demand from decarbonisation and electrification

There is a supply deficit of uranium due to lack of investment in the industry

The lithium market is more saturated than the copper and uranium markets, but there is still long-term potential for growth

The near-universal investor enthusiasm for commodities in calendar 2022 has tapered off in 2023 so far and for a couple of reasons, investment insiders Todd Warren and Andrew Hines told James Gerrish in a Market Matters webinar on Thursday.Hines, head of research at Shaw and Partners, emphasised China’s lower-than-expected economic growth in the first half of this year as a key reason. And in a broader sense, commodity prices also pulled back on the realisation that the “inflation dragon was far from tamed,” he said.“You need to separate the big picture, long-term thematics of decarbonisation and […]

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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

Rick Rule, one of the most prominent resources investors in Canada, has suddenly appeared on the Power Metal Resources PLC (AIM:POW) share register.

Or is it sudden?

It depends how you look at it.

Rule is famously a uranium bull, and Power Metal Resources has systematically been building up its uranium position in the Athabasca, in Canada, one of the most prestigious U-addresses in the world.It’s also right in Rick Rule’s back yard and proximal to lots of major and minor players in the uranium space that he can feel comfortable with.So, so far so good.But there’s more to it than that.Rule’s arrival on the Power Metal register came as part of a broader £2.7mln fundraising undertaken following the appointment of new chief executive Sean Wade.And here we begin to get to the nub of the matter.Wade was formerly a senior associate of Michael Rawlinson at Cazenove and Liberum, and has subsequently […]

Click here to view original web page at www.proactiveinvestors.co.uk