Author: StockMan

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 […]

Click here to view original web page at www.resource-capital.ch

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 […]

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

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 […]

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

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 […]

Click here to view original web page at investingnews.com

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 […]

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

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

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 […]

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

Uranium Energy Corp. (AMEX:UEC) shares, rose in value on Wednesday, 06/14/23, with the stock price down by -1.27% to the previous day’s close as strong demand from buyers drove the stock to $3.12.

Actively observing the price movement in the last trading, the stock closed the session at $3.16, falling within a range of $3.06 and $3.34. The PE ratio was 52.00 over 12-month period. Referring to stock’s 52-week performance, its high was $4.65, and the low was $2.30. On the whole, UEC has fluctuated by 17.74% over the past month.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. […]

Click here to view original web page at stocksregister.com

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.

With the addition of the Rocas Project (as described below), the Company now has ownership interests in six projects, totalling over 65,205 hectares across the uranium-rich Athabasca Basin. The Company is now seeking strategic partners to advance Rocas and other Standard Uranium owned assets.

“We have built an excellent uranium exploration company in the best place on earth to find high grade uranium,” said Jon Bey, CEO and […]

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

RgStudio Investment Thesis

It’s 2 months since I wrote my previous bullish analysis on Energy Fuels Inc. (NYSE: UUUU ), that I titled "Left For Dead, Unjustifiably."

And since that time, so much has happened. Were the recent earnings result the main catalyst for this stock? You may be surprised to hear that it’s not even close.

Energy Fuels is primed to do quite well in the twelve months. And I know that many investors have heard a similar spiel in the past two years. But I believe that this time it’s different.And here’s why. Why Invest in Uranium? Energy Fuels’ prospects are predominantly tied to the uranium story. Yes, it does hold exposure to vanadium’s prospects (that I previously estimated to be worth around $15 million). But the vast majority of its business is tied to uranium.Next, with energy prices for oil and natural gas in the U.S. materially lower […]

Click here to view original web page at seekingalpha.com

Click to enlarge Blue Sky Uranium Corp. ( TSXV:BSK ) launched a $1.5 million non-brokered private placement to help secure its leading position in Argentina.

The company will issue up to 20 million units at $0.075 per unit. Each unit consists of one common share and one transferrable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.12 for three years from the date of issue. All securities issued will be subject to a statutory four-month hold period and directors, officers and employees of the company may join a portion of the financing.

The proceeds will be used to fund exploration programs on the company’s projects in Argentina, such as its flagship Amarillo Grande Project in central Rio Negro Province.

Amarillo Grande was an in-house discovery of a new district that has the potential to be a leading domestic supplier of […]

Click here to view original web page at stockhouse.com

Marcus Lindstrom Investment Thesis

Cameco Corporation’s (NYSE: CCJ ) share price has finally caught a bid. Why? Yes, one could say that it was because Cameco is attractively priced. And yes, Cameco does have compelling near-term prospects.

But it’s more than this, too. Indeed, I argue that the news flow in the past few days has improved, with the U.S. Senate providing the signal that the political tide is finally turning more positive for the uranium sector.

In the analysis that follows, I describe why to consider investing in the uranium sector. Why a short squeeze is not in your interest. And finally, why Cameco stock itself is compelling. Why Invest in Uranium? Deep Value Returns’ members know my vision for Future Energy. This marries up the confluence of 3 different dynamics, I call them the Three Ds: Deglobalization Decarbonization Digitalization. Uranium falls, as do most of my stocks, into these […]

Click here to view original web page at seekingalpha.com

Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) has recently completed its acquisition of the 12,282-hectare South Dufferin Uranium project from Denison Mines Corp.

The 100% acquisition was made through a share and cash payment.

The South Dufferin property has nine claims and is located at south of the Athabasca Basin, which hosts the highest-grade uranium deposits in the world.

The premium uranium region is situated in northern Saskatchewan, Canada. The map of the South Dufferin project. Photo by Skyharbour Resources Ltd. Skyharbour is a uranium explorer and developer in Canada’s Athabasca Basin. With this acquisition, Skyharbour now has a total land ownership of 504,356 hectares across 24 projects — ten of which are drill ready. The company has one of the largest project portfolios in the Athabasca region.Aside from the exploration and development of uranium properties in the Athabasca Basin, the company is also a prospect generator and enters into partnerships by offering […]

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

Initial geophysical survey results have defined three new priority drill targets for Corazon Mining Ltd (ASX:CZN, OTC:CRZNF) at its 100%-owned flagship asset, the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada.

The company recently wrapped up a high-powered, ground-based 3D induced polarisation (IP) and magneto-telluric (MT) geophysical survey at the Fraser Lake Complex (FLC), which was designed to test the extent of broad zones of sulphide mineralisation the company hit during wide-spaced drilling on site.

Read more

Generative artificial intelligence (AI) is poised to be a tailwind for the MedTech industry over the long term, analysts at UBS believe, with little pointing to AI being a threat in any way.In a note to clients following a conversation between the analysts and an expert in this area, they wrote that both generative AI and AI more broadly will bolster MedTech market growth by increasing procedural volumes as the technology leads to […]

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

/NOT FOR DISTRIBUTION TO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, June 8, 2023 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce a non-brokered private placement financing of up to 20,000,000 units at a price of $0.075 per unit for aggregate gross proceeds of $1,500,000 (the " Offering "). Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.) Each unit (a " Unit ") will consist 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 (a " Warrant Share ") in the capital of the Company at an exercise price of $0.12 per Warrant Share […]

Click here to view original web page at stockhouse.com

Alligator Energy Ltd (ASX:AGE) has made significant progress in its strategic partnership with Traxys North America LLC, the US branch of the global commodities trading group Traxys. Open doors

This collaboration, formed in May 2021, has opened doors for Alligator in uranium marketing, long-term offtake contracting, project development financing and uranium and energy minerals project acquisitions.

Traxys, a renowned merchant in metals, minerals and alloys, boasts an annual turnover exceeding US$9 billion and its uranium marketing and trading group operates across the Americas, Europe, Australia and Asia, handling up to 15 million pounds of U3O8 annually. It also manages contract supply books in conversion, UF6, futures and options.

Alligator has reaped significant benefits from this partnership. The company has coordinated more than 25 meetings with nuclear utilities in the US and Europe, identifying key anchor nuclear utilities interested in establishing conditional offtake contracts. Uranium and nuclear fuel pricing trends Joint participation […]

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

The S&P/ASX 200 closed 16 points higher, up 0.23%.

The local sharemarket inches higher despite a strong lead from Wall Street, Australia’s consumer confidence remains near recession lows while business confidence falters, JPMorgan expects the S&P 500 to trade flat to up to 0.5% after tonight’s inflation print, an ASX-listed small cap receives a takeover bid at a massive 165.3% premium and uranium stocks are breaking out … selectively.

Let’s dive in.

Today in ReviewTue 13 Jun 23, 4:27pm (AEST) Name Value % Chg Major Indices ASX 200 7,138.9 +0.23% All Ords 7,329.1 +0.23% Small Ords 2,805.4 +0.24% All Tech 2,401.2 +2.36% Emerging Companies 2,043.6 +0.11% Currency AUD/USD 0.6762 +0.17% US Futures S&P 500 $4,355.0 +0.28% Dow Jones $34,126.0 +0.13% Nasdaq $14,873.0 +0.49% Name Value % Chg Sector Information Technology 1,810.6 +3.76% Communication Services 1,541.2 +1.05% Health Care 44,378.7 +0.98% Consumer Discretionary 2,914.9 +0.94% Consumer Staples 12,923.1 +0.70% Financials 5,997.8 +0.55% Industrials […]

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

Initial geophysical survey results have defined three new priority drill targets for Corazon Mining Ltd (ASX:CZN, OTC:CRZNF) at its 100%-owned flagship asset, the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada.

The company recently wrapped up a high-powered, ground-based 3D induced polarisation (IP) and magneto-telluric (MT) geophysical survey at the Fraser Lake Complex (FLC), which was designed to test the extent of broad zones of sulphide mineralisation the company hit during wide-spaced drilling on site.

Read more

Generative artificial intelligence (AI) is poised to be a tailwind for the MedTech industry over the long term, analysts at UBS believe, with little pointing to AI being a threat in any way.In a note to clients following a conversation between the analysts and an expert in this area, they wrote that both generative AI and AI more broadly will bolster MedTech market growth by increasing procedural volumes as the technology leads to […]

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