As the gold price continues to trade at or near record levels, Guy Le Page, director at RM Corporate Finance, said he’s seen a "big uptake" of gold stocks in Australia over the last 12 months.
Interest in lithium has dropped off, but copper, uranium and critical minerals like antimony are gaining attention.
"We’re seeing broad interest across the commodities,” Le Page told the Investing News Network (INN) at this year’s Toronto-based Prospectors & Developers Association of Canada ( PDAC ) convention.
In terms of what his firm is focusing on right now, he highlighted copper and uranium."I think copper and uranium are front of our mind at the moment," Le Page said. Why copper and uranium? Copper’s importance in Australia is growing as the country focuses on its road to net zero. The red metal is often used for renewable energy innovations such as electric vehicles, wind turbines and […]
Why Uranium Energy Corp. (UEC) is Gaining This Week?
We recently compiled a list of the Why These Energy Stocks are Gaining This Week . In this article, we are going to take a look at where Uranium Energy Corp. (NYSE:UEC) stands against the other energy stocks.
After a lackluster performance in 2024, the broader energy sector finally seems to be doing better this year with gains of 5.85% since the beginning of 2025, against a decline of over 4% by the wider market during the period.
One sector that has garnered significant worldwide attention over the last year is that of nuclear energy, largely driven by the widespread recognition of its importance in the global ‘clean energy transition’. The ongoing AI boom and the accompanying data centers could also be a major growth driver for the industry, as these facilities consume an overwhelming amount of energy, which needs to come from a relatively cheap, clean, and reliable source such […]
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Aero Energy and Fortune Bay Commence Drilling at Howland Lake, Murmac Uranium Project
HALIFAX, NS, March 19, 2025 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City.
The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic ("EM") conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the Athabasca Basin.
Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023.
Highlights: High-Grade Follow-Up: Drilling to be focused at Howland Lake North on targets along strike […]
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AERO ENERGY AND FORTUNE BAY COMMENCE DRILLING AT HOWLAND LAKE, MURMAC URANIUM PROJECT
Fortune Bay Corp. Logo (CNW Group/Fortune Bay Corp.) HALIFAX, NS, March 19, 2025 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the commencement of drilling at Howland Lake on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City. Figure 1: Howland Lake radon-in-water results and drill targets. (CNW Group/Fortune Bay Corp.) The program is expected to include up to six drill holes, totalling approximately 900 metres, to further test the Howland Lake electromagnetic ("EM") conductors which returned uranium intercepts from first-pass drilling. As demonstrated from previous exploration results, the Project has potential to host high-grade, basement-hosted deposits typical of the Athabasca Basin.
Exploration work at Murmac is being funded by Aero Energy Limited (TSXV: AERO ) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and is being operated by Fortune Bay, under an […]
UEC Earnings Miss Estimates in Q2, Uranium Sales Drive Revenues
RIO−0.13% UEC+1.63%
Uranium Energy UEC reported second-quarter fiscal 2025 adjusted loss per share of one cent, which missed the Zacks Consensus Estimate of a break-even earnings per share. UEC had reported earnings of one cent per share in the year-ago quarter.
Including one-time items, Uranium Energy reported a loss of two cents per share against earnings of one cent per share in the year-ago quarter.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Uranium Energy Corp. Price, Consensus and EPS Surprise Uranium Energy Corp. price-consensus-eps-surprise-chart | Uranium Energy Corp. Quote UEC’s Q2 Revenues Surge on Uranium Sales Uranium Energy reported revenues of $49.8 million, which surpassed the Zacks Consensus Estimate of $41 million.UEC sold 600,000 pounds of uranium at $82.92 per pound in the second quarter of 2025. Revenues from toll processing services were nil.In the year-ago quarter, UEC had not sold any of its […]
UEC Reports Stellar $49.8M Revenue as Net-Zero Uranium Strategy Gains Momentum
Uranium Energy Corp (UEC) is making big strides in the uranium industry. With strong financial results, strategic acquisitions, and a growing focus on sustainability, the company is positioning itself as a leader in clean energy.
In the second quarter of the fiscal year 2025, UEC reported impressive revenue, expanded its domestic uranium production, and strengthened its commitment to net-zero emissions. Here’s a closer look at how UEC is shaping the future of nuclear energy . Strong Financials Fuel UEC’s Growth
UEC generated a revenue of $49.8 million from selling 600,000 pounds of U₃O₈ (uranium ore concentrate) at an average price of $82.92 per pound. This resulted in a gross profit of $18.2 million .
Additionally, UEC maintained an inventory of 1,356,000 pounds of U₃O₈, valued at $97.3 million based on current market prices. The uranium company has strong liquidity, holding $214 million in liquid assets and no debt. This positions […]
Terra Uranium moves into base metals with acquisition of high-grade tin-silver-gold projects in NSW
Terra Uranium will take ownership of two high-grade exploration licences in the New England region of New South Wales via its proposed acquisition of private company LCT Metals. The licences house the historic Ottery tin mine, the Castle Rag silver project and the Mole River silver-tin project and will enable Terra to expand its exploration strategy beyond uranium for the first time. The company will retain its projects in Canada’s Athabasca Basin, which have been hailed as integral to taking advantage of an anticipated recovery in uranium prices. Expanded strategy Executive chair Andrew Vigar said the acquisition signified a turning point for Terra. “Terra’s exploration strategy has now been expanded from just uranium to tin, silver and gold in Australia,” he said. “While we will retain our valuable Canadian uranium assets, we have taken the option to make an acquisition in the prolific New England tin-silver-antimony-gold province.” “It is […]
Snow Lake Mobilizing Phase 2 Drill Program at Engo Valley
Snow Lake Resources (NASDAQ: LITM) has initiated mobilization for its Phase 2 drill program at the Engo Valley Uranium Project . The program aims to complete up to 7,500 meters of combined reverse circulation and diamond drilling, focusing on the Main Uranium Occurrence and D1 target area.
The company, recently securing ~US$37 million in capital raising, is fully funded to conduct Phase 2 and plans to publish a maiden mineral resource estimate in the second half of 2025. The program includes downhole radiometrics for each drill hole and will explore additional targets identified by the 2024 radon cup survey.
This initiative aligns with the current global uranium market dynamics, characterized by a supply deficit and increased demand for nuclear energy. The project is strategically located in Namibia, the world’s third-largest uranium producer. Snow Lake has also recently formed a 50/50 joint venture with Global Uranium and Enrichment on the Pine Ridge […]
UEC Reports Stellar $49.8M Revenue as Net-Zero Uranium Strategy Gains Momentum
Uranium Energy Corp (UEC) is making big strides in the uranium industry. With strong financial results, strategic acquisitions, and a growing focus on sustainability, the company is positioning itself as a leader in clean energy.
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In the second quarter of the fiscal year 2025, UEC reported impressive revenue, expanded its domestic uranium production, and strengthened its commitment to net-zero emissions. Here’s a closer look at how UEC is shaping the future of nuclear energy . Strong Financials Fuel UEC’s Growth UEC generated a revenue of $49.8 million from selling 600,000 pounds of U₃O₈ (uranium ore concentrate) at an average price of $82.92 per pound. This resulted in a gross profit of $18.2 million .Additionally, […]
UEC Reports Stellar $49.8M Revenue as Net-Zero Uranium Strategy Gains Momentum
Uranium Energy Corp (UEC) is making big strides in the uranium industry. With strong financial results, strategic acquisitions, and a growing focus on sustainability, the company is positioning itself as a leader in clean energy.
In the second quarter of the fiscal year 2025, UEC reported impressive revenue, expanded its domestic uranium production, and strengthened its commitment to net-zero emissions. Here’s a closer look at how UEC is shaping the future of nuclear energy . Strong Financials Fuel UEC’s Growth
UEC generated a revenue of $49.8 million from selling 600,000 pounds of U₃O₈ (uranium ore concentrate) at an average price of $82.92 per pound. This resulted in a gross profit of $18.2 million .
Additionally, UEC maintained an inventory of 1,356,000 pounds of U₃O₈, valued at $97.3 million based on current market prices. The uranium company has strong liquidity, holding $214 million in liquid assets and no debt. This positions […]
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enCore Energy divests New Mexico uranium projects
DALLAS – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU), known as America’s Clean Energy Company™, a uranium producer with a market capitalization of $290 million, has entered into an agreement with Verdera Energy Corp. to sell a subsidiary that holds multiple uranium projects in New Mexico. According to InvestingPro data, enCore maintains a strong liquidity position with its cash reserves exceeding debt obligations, though the company is currently experiencing rapid cash utilization. The transaction, part of enCore’s strategy to offload non-core assets, involves Verdera acquiring the subsidiary in exchange for 50 million non-voting preferred shares, representing about 73% of Verdera’s current shares, royalties from future production, and a cash payment of $350,000.
The properties included in the deal are the Crownpoint, Hosta Butte, Nose Rock, West Largo, and Ambrosia Lake – Treeline uranium projects. The transaction is anticipated to close by March 31, 2025, given all customary closing conditions are […]
Why Uranium Energy Corp. (UEC) Went Up On Monday?
In This Article:
UEC +8.66%
^GSPC +0.64%
We recently published a list of 10 Firms Kick Off Monday Leading Gains . In this article, we are going to take a look at where Uranium Energy Corp. (NYSEAMERICAN:UEC) stands against other firms that kick off Monday leading gains.The stock market kicked off the week’s trading on a positive note, with all main indices finishing in the green territory, as economies took a pause from their tariff war, while investors breathed a sigh of relief on the February retail sales report which didn’t come worse.According to the latest figures, retail sales rose 0.2 percent, albeit below the 0.6 percent as expected by analysts. Excluding autos, sales are up by 0.3 percent, in line with economists’ expectations.Following the news, the Dow Jones clocked in a 0.85-percent gain, followed by the S&P 500 with 0.64 percent, and the tech-heavy Nasdaq with […]
Pegasus Resources Secures 75% Ownership of Drill-Ready Jupiter Uranium Project in Utah
VANCOUVER, BC / ACCESS Newswire / March 18, 2025 / Pegasus Resources Inc. (TSXV:PEGA)(Frankfurt:0QS0)(OTC PINK:SLTFF) (the "Company" or "Pegasus") is excited to share that it has made the final property payment for its Jupiter Uranium Project , a drill-ready and permitted asset in Utah, securing a 75% ownership interest . Under the terms of the agreement, Pegasus will earn 100% ownership upon the commencement of drilling .
The acquisition of a 75% stake in the Jupiter Uranium Project marks a significant step in Pegasus’ strategy to build a high-quality uranium asset portfolio in the United States. The project is located in a mining-friendly jurisdiction with a strong uranium production history, positioning Pegasus to capitalize on the growing demand for domestic uranium supply .
"With the completion of this acquisition, Pegasus is now in full control of a premier uranium project in the U.S. As global uranium demand surges and nuclear energy […]
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Purepoint Uranium Commences Initial Drill Program Along Groomes Lake Conductive Corridor, Smart Lake JV Project
Toronto, Ontario–(Newsfile Corp. – March 17, 2025) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the commencement of a first-pass drill program along the high-priority Groomes Lake Conductive Corridor at the Smart Lake Joint Venture (JV) project in Saskatchewan’s Athabasca Basin. The program will include four drill holes, totalling approximately 1,400 metres, to test the conductive belt of rocks refined by the 2024 ground electromagnetic (EM) survey.
The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint’s Hook Lake JV project.
"We are excited to launch this next phase of exploration at Smart Lake," said Chris Frostad, President & CEO of Purepoint Uranium. "While Smart Lake has seen previous drilling, this is the first time we are […]
Oil or Uranium? A Deep Dive into Buying Opportunities for Two Canadian Energy Stocks
Amid global trade tensions and concerns over economic downturns, the Canadian TSX Index has faced significant fluctuations. However, this market turbulence has opened an opportunity for investors to consider acquiring assets at lower valuations. Investors are revisiting defensive and growth-oriented picks in the energy sector, with two Canadian energy stocks—pipeline leader Enbridge (TSX:ENB) and uranium giant Cameco (TSX:CCO)—gaining attention.
Since March, the escalation of trade disputes has intensified global stock market volatility. For instance, the S&P 500 has entered a technical correction phase after more than a year of stability. While systemic risks may continue to weigh on market sentiment, calm and focused investors are starting to look at quality assets that have been unfairly hit. Notably, a recent “constructive meeting” between Ontario Premier Doug Ford and U.S. President Donald Trump offered faint signs of easing trade tensions, potentially setting the stage for a recovery in energy stocks.
This article analyzes […]
UEC Earnings Miss Estimates in Q2, Uranium Sales Drive Revenues
Image: Bigstock Uranium Energy ( UEC – Free Report ) reported second-quarter fiscal 2025 adjusted loss per share of one cent, which missed the Zacks Consensus Estimate of a break-even earnings per share. UEC had reported earnings of one cent per share in the year-ago quarter.
Including one-time items, Uranium Energy reported a loss of two cents per share against earnings of one cent per share in the year-ago quarter.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar . Uranium Energy Corp. Price, Consensus and EPS Surprise
Uranium Energy Corp. price-consensus-eps-surprise-chart | Uranium Energy Corp. Quote UEC’s Q2 Revenues Surge on Uranium Sales Uranium Energy reported revenues of $49.8 million, which surpassed the Zacks Consensus Estimate of $41 million.UEC sold 600,000 pounds of uranium at $82.92 per pound in the second quarter of 2025. Revenues from toll processing services were nil. In the year-ago quarter, […]
Foremost Clean Energy Announces $6.5 Million Uranium Exploration Program Across the Athabasca Basin
Foremost Clean Energy (NASDAQ: FMST) has announced a comprehensive $6.5 million uranium exploration program for 2025 across its portfolio in the Athabasca Basin, Saskatchewan. The program encompasses multiple properties including Hatchet Lake, Murphy Lake South, GR, Blackwing, Wolverine, and CLK.
Key initiatives include: Murphy Lake South: Two-phase drilling program totaling 1,500 meters targeting uranium mineralization
CLK Property: Planned airborne EM and magnetic survey with 2,000-meter diamond drilling program
Wolverine Property: Geochemical survey scheduled for summer 2025 GR and Blackwing Properties: Airborne electromagnetic and magnetic surveys Hatchet Lake: Phase Two drill program planned for late summer 2025 The company acknowledges market uncertainty affecting share prices, particularly regarding potential tariffs, but maintains confidence in its exploration strategy and partnership with Denison Mines Corp.Positive Comprehensive $6.5 million exploration program across multiple uranium properties Strategic location in the resource-rich Athabasca Basin region Partnership with established uranium company Denison Mines Corp Multiple drill-ready targets identified […]
Purepoint Uranium Commences Initial Drill Program Along Groomes Lake Conductive Corridor, Smart Lake JV Project
Investing News Network
March 17, 2025
Purepoint Uranium Group Inc. ( TSXV: PTU ) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the commencement of a first-pass drill program along the high-priority Groomes Lake Conductive Corridor at the Smart Lake Joint Venture (JV) project in Saskatchewan’s Athabasca Basin. The program will include four drill holes, totalling approximately 1,400 metres, to test the conductive belt of rocks refined by the 2024 ground electromagnetic (EM) survey.
The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint’s Hook Lake JV project."We are excited to launch this next phase of exploration at Smart Lake," said Chris Frostad, President & CEO of Purepoint Uranium . "While Smart Lake has seen previous drilling, this is the first time we […]
Lotus Resources signs uranium offtake agreement with North American power utility
Lotus is set to begin producing its first uranium from the Kayelekera project in Q3 2025. Credit: RHJPhtotos/Shutterstock. · Power Technology · RHJPhtotos/Shutterstock. Lotus Resources, through its 85%-owned subsidiary Lotus Africa, has signed a binding uranium offtake agreement with a North American utility.
This contract involves the sale of 600,000lb of triuranium octoxide (U 3 O 8 ) from the Kayelekera project, scheduled for delivery between 2026 and 2029.
The agreement reflects a fixed US dollar price based on long-term market prices, with a minor discount applied.
The contract includes a fixed-price escalation percentage per annum, aligned with the Reserve Bank of Australia’s long-term inflation target, applicable from the first delivery year.This pricing was achieved through competitive discussions, ensuring favourable terms for Lotus Resources.Lotus managing director Greg Bittar said: “Formalising this offtake arrangement with a key customer is an important milestone for Lotus as we continue to progress production restart plans at […]
Purepoint Uranium Commences Initial Drill Program Along Groomes Lake Conductive Corridor, Smart Lake JV Project
Mr. Christopher Frostad reports:
Toronto, Ontario–(Newsfile Corp. – March 17, 2025) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the commencement of a first-pass drill program along the high-priority Groomes Lake Conductive Corridor at the Smart Lake Joint Venture (JV) project in Saskatchewan’s Athabasca Basin. The program will include four drill holes, totalling approximately 1,400 metres, to test the conductive belt of rocks refined by the 2024 ground electromagnetic (EM) survey.
The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint’s Hook Lake JV project.
"We are excited to launch this next phase of exploration at Smart Lake," said Chris Frostad, President & CEO of Purepoint Uranium. "While Smart Lake has seen previous drilling, this is the […]
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Although there is both positive and negative variance (disequilibrium), the uranium grades we have confirmed by chemical assay are on average 20% higher than
Vancouver, British Columbia–(Newsfile Corp. – March 17, 2025) – Myriad Uranium Corp . (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce the results of chemical assay (U 3 O 8 ) grades from 20 boreholes at the Copper Mountain Uranium Project in Wyoming, USA (Figure 1). Chemical assay (U 3 O 8 ) has been compared against the previously reported equivalent spectral gamma probe results (eU 3 O 8 ) and confirms high-grade uranium mineralisation at the Canning Deposit. Furthermore, certain U 3 O 8 intervals are higher, and lower, than their previously reported eU 3 O 8 grades, indicating secular disequilibrium is present in the system. The U 3 O 8 grades reported here are on average 20% higher than the eU 3 O 8 grades over the same intervals. Results from the remaining 14 boreholes are pending […]
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5 Best Nuclear Energy Stocks and ETFs to Buy Now
Artificial intelligence requires a lot of energy to power the computer systems it runs on. Some say nuclear energy can help fill this need. One of the consequences of the boom in artificial intelligence is the need for more electricity. The data centers that house the computers that crunch the numbers gobble up a lot of power.
A recent report from the U.S. Department of Energy estimates data center load growth has tripled over the past decade and will double or triple by 2028. The department said data centers consumed about 4.4% of total U.S. electricity in 2023 and will consume about 6.7% to 12% of total U.S. electricity by 2028.
Related:
Sign up for stock news with our Invested newsletter. Couple that with rising demand for the electrification of transportation and other parts of the economy and you’ve got a recipe for rising electricity demand at a time when governments […]
Per Jander: Uranium Still “Very Early” in Cycle, What to Watch in 2025
Per Jander of WMC shares his thoughts on uranium, touching on supply, demand and prices. In his view, the uranium market is still "very early" in the current cycle. Watch the interview for more, or click here for the Investing News Network’s Prospectors & Developers Association of Canada convention playlist on YouTube. Don’t forget to follow us @INN_Resource for real-time updates! Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags
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GoviEx Uranium targets 2028 production in Zambia – ICYMI
GoviEx Uranium Inc – GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) earlier this week confirmed that it has officially filed the feasibility study for its Muntanga Uranium Project in Zambia. The company is targeting production in 2028, emphasizing the project’s low technical risk, solid economics, and ability to help meet the growing uranium supply deficit.
CEO Daniel Major explained that Muntanga is an open-pit heap leaching project with simple metallurgy and good infrastructure, making it one of the more straightforward uranium developments. The feasibility study outlines a cash cost of $32 per pound and an all-in sustaining cost of $36 per pound, positioning it well in the current market environment.
Proactive : I’m joined by GoviEx Uranium CEO Daniel Major. Daniel, very good to speak with you. You’re out with a feasibility study for your Muntanga Uranium project in Zambia. A very big milestone for the company?
Daniel Major : Yeah, […]
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Global Uranium Corp. Announces Private Placement for up to C$1,000,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, March 14, 2025 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | FRA: Q3J) (the “ Company ”) is pleased to announce a non-brokered private placement for gross proceeds of up to C$1,000,000 (the “ Offering ”).
The Offering is expected to consist of the offering of units of the Company at a price of C$0.15 per unit (each, a “ Unit ”) comprised of one common share of the Company (each, a “ Share ”) and one Share purchase warrant of the Company entitling the holder to acquire one Share (each, a “ Warrant Share ”) at a price of C$0.25 per Warrant Share for a period of twenty-four months from the date of issuance.
The Company intends to use the net proceeds raised from the Offering to fund exploration activities on […]
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