Uranium Week: Russia Banned From August

The legal ban on Russian uranium imports into the US comes into force in August.

-US ban on uranium imports from Russia kicks in from August onwards
-Legal waivers trigger opposing interpretations
-Five transactions in spot market at slightly increased pricing

By Rudi Filapek-VandyckAnd after many months of market speculation and political processing, US President Joe Biden signed H.R.1042, the bill that bans the import of Russian uranium products into the USA, on May 13. The ban will go into effect on August 11th.Whoever thought the way forward for US utilities and the uranium sector at large has now become a lot clearer is still in the minority with industry consultant TradeTech reporting the week’s trading continued to be dominated by confusion and ongoing market speculation.The problem lays with the two legal waivers that can be granted by the US Department of Energy (DOE). Different interpretations kept the future […]

Thunderbird goes high-tech uranium hunting in Canada

Thunderbird Resources has launched a new high-tech survey sampling program as part of the latest uranium exploration campaign at its premier Hidden Bay project in the renowned Athabasca Basin in Canada. Taking advantage of the ideal Canadian summer conditions, the sampling program is understood to be able to detect blind uranium targets from depths of up to several hundred metres. Thunderbird Resources is using a high-tech SGH survey to unearth uranium at its Hidden Bay project in Canada’s Athabasca Basin. Credit: File Thunderbird Resources has launched a new high-tech survey sampling program as part of the latest uranium exploration campaign at its premier Hidden Bay project in the renowned Athabasca Basin in Canada.

Taking advantage of the ideal Canadian summer conditions, the sampling program is understood to be able to detect blind uranium targets from depths of up to several hundred metres. The company says it will trial a spatiotemporal […]

Evening Wrap: ASX 200 notches gain as copper, nickel, gold, silver, and uranium stocks soar

We are indeed the lucky country. Blessed with all the good stuff the world wants for the upcoming energy transition, and not to mention all of those empty and derelict apartment buildings and bridges to nowhere in China. �

Count your lucky stars Aussie investors, and…

Let’s dive in! Markets

S&P ASX 200 (XJO) Intraday Chart 20 May 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 49.3 points higher at 7,863.7, 0.63% from its session low and just 0.13% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers beat decliners by 156 to 129.The Gold ( XGD ) (+3.6%) sub-index was the best performing sector today, likely in response to a rising gold price, but also in response to a rocket ship emoji-deserving silver price � (more in ChartWatch ). Company Last Price Change $ Change % 1mo % 1yr % Silver Mines (SVL) […]

North Shore Uranium Reports Drill Program Results: Uranium Mineralization Confirmed at Two Targets

ACCESSWIRE

VANCOUVER, BC / ACCESSWIRE / May 16, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (‘ North Shore ‘ or the ‘ Company ‘) is pleased to announce that multiple samples collected from two of the first three uranium prospects drilled by the Company at its 55,699-hectare Falcon Property (‘ Falcon ‘ or the ‘ Property ‘) at the eastern margin of the Athabasca Basin in Saskatchewan have returned anomalous uranium values of greater than 300 ppm U 3 O 8 and up to a maximum of 572 ppm U 3 O 8 (Table 1). The Company is now planning for future exploration programs on the Property.

As reported on March 20, 2024, three targets were drilled along a strong, dominantly northeast-trending electromagnetic ( ‘EM’ ) conductor system, P03, P08 and P12 (Figure 1). These results confirmed the encouraging field findings for P03 and P08 that were based on downhole […]

Uranium Week: US Boycott Enthusiasm Fades

This story features NEXGEN ENERGY LIMITED. For more info SHARE ANALYSIS: NXG

NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday.

By Rudi Filapek-Vandyck

Uranium is experiencing its second Grand Bull Market in thirty years, with the first one sizzling out post 2007.To fully appreciate the ups and downs, and the gains enjoyed thus far into this second awakening, we’ve included an historical price chart from industry consultant TradeTech. FNArena’s weekly price graphic near the bottom of this story only shows a limited flash-back. Last week, TradeTech’s weekly U3O8 spot price started off on firm footing as traders got excited about the US Senate -finally- passing the Prohibiting Russian Uranium Imports Act (H.R. 1042) , which is aimed at barring uranium imports from Russia.The bill was officially sent to the White House on May 9 and President Joe Biden is expected to […]

Evening Wrap: ASX 200 closes out solid recovery week with another gain as energy, uranium, and gold stocks star

It was a relatively quiet end to what will go down as a very good week for Aussie investors. Look at a chart of the S&P/ASX 200 and you’ll see this week’s gain couldn’t have come at a better time, as the price of the benchmark was teetering in the wake of April’s sharp correction.

Resources stocks were again in focus today, as increases in the prices of crude oil, natural gas, gold, and silver stoked big gains in each of those areas of the market. Uranium stocks bounced back nicely after their pullback yesterday.

For all of the key moves, news, and analysis…

Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 10 May 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 27.4 points higher at 7,749.0, 0.35% from its session low and 0.25% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers […]

US Ban of Russian Uranium Could Benefit Canadian Explorer

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here’s how he does it.

Source: Streetwise Reports 05/07/2024

Vancouver-based Tisdale Clean Energy Corp. is watching a major development involving uranium in the United States with interest. Find out why one analyst calls it a "big deal."Vancouver-based Tisdale Clean Energy Corp. TCEFF , which is exploring and developing the Fraser Lakes B uranium deposit at the South Falcon East project outside the edge of the Athabasca Basin, is watching a major development involving the nuclear fuel in the United States with interest.The U.S. Senate followed the House in approving a ban on American imports of Russian uranium last week. President Joe Biden has said he […]

Cosa Resources Announces Summer Exploration Plans for Athabasca Basin Uranium Projects

Vancouver, British Columbia–(Newsfile Corp. – May 9, 2024) – Cosa Resources Corp. ( TSXV: COSA ) ( OTCQB: COSAF ) ( FSE: SSKU ) (" Cosa " or the " Company ") is pleased to announce its summer exploration plans for its portfolio of Athabasca Basin uranium projects.

Highlights Diamond drilling at Ursa to follow up positive winter drilling results and test second high priority target area

Ambient Noise Tomography (ANT) surveys to prioritize strike at Ursa and follow-up airborne survey results at Orion

Airborne Electromagnetic (EM) and Gravity surveying at Aurora and Orbit to advance these shallow, prospective projects toward drill readiness for 2025 Keith Bodnarchuk, President & CEO, commented: "After a successful winter drill program, we are eager to return to the field and continue exploration at the 100% owned Ursa Project. Alongside summer drilling at Ursa, including following up on the exciting results […]

Buy Uranium Energy as uranium demand set to double: Strategist

Defiance ETFs CEO and CIO Sylvia Jablonski joins Market Domination for the latest edition of Good Buy or Goodbye to give insight into the best clean energy picks.

Jablonski names Uranium Energy ( UEC ) her "good buy," citing nuclear power’s sustainability and a possible boost from a rise in uranium metal prices. She adds that global demand for uranium is set to double in the next ten years.

Jablonksi says "goodbye" to SunPower ( SPWR ), pointing to accounting errors, including some misstatements in 2022. In addition, interest rate hikes have slowed the growth of solar projects.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino Video Transcript It’s a big, noisy universe of stocks out there.Welcome to goodbye or goodbye.Our goal.To help cut through that noise to navigate the best moves for your […]

Uranium Sector Expected To See A Run As Positive Momentum And Demand Builds – Financial News Media

( MENAFN – Financial News Media) data-id="165ecfe1" data-element_type="widget" data-widget_type="theme-post-content">

Palm Beach, FL – May 7, 2024 – FN Media Group News Commentary – An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said:“Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman’s case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs .” It continued:“A few hedge funds are also stepping up involvement in both equities and physical […]

Investment Banks & Hedge Funds Stepping Up Activity in Physical Uranium as Prices Spike

Classified in: Mining industry , Business
Subject: INO

PALM BEACH, Fla., May 7, 2024 /PRNewswire/ — An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said: "Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman’s case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs ." It continued: "A few hedge funds are also stepping up involvement in both equities and physical uranium, a sign […]

Uranium Sector Expected to See a Run as Positive Momentum and Demand Builds

PALM BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said: “Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman’s case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs.” It continued: “A few hedge funds are also stepping up involvement in both equities and physical uranium, a sign that the metal […]

Uvre forges uranium deal in South Australia’s world-class yellowcake district

Uvre is set to acquire three uranium exploration prospects on two licence applications in South Australia’s Frome Basin. Pic via Getty Images share

Uvre has entered into a binding agreement to acquire 100% of the issued capital in Uranium SA

Uranium SA holds three prospects across two exploration licences

The company plans to kick off exploration in August Special report: Uvre has entered into a binding agreement to acquire 100% of the issued capital in Uranium SA, a special purpose vehicle with three uranium prospects across two exploration licences in South Australia’s Frome basin. As a major exporter of uranium oxide, South Australia hosts nearly a quarter of the world’s uranium resources and major deposits including BHP’s (ASX:BHP) Olympic Dam, the world’s largest uranium deposit, Four Mile, Yarramba and the Beverley mines.The state is renowned for being proactive in uranium exploration and development, as demonstrated last […]

Boss Energy’s Honeymoon restart a signpost for South Australian uranium hopefuls

Sometimes success breeds success. And the achievements of one uranium miner may well pave the way for other hopefuls working in the same region.

Uranium sentiment remains positive with the energy metal trading close to $US90/lb in April thanks to expectations that long-term demand will remain strong and concern about near-term supply.

This has fuelled a flurry of activity in locations known to have uranium mineralisation, such as South Australia, which hosts nearly a quarter of the world’s uranium resources- including major deposits such as Olympic Dam – the world’s largest – Four Mile and Yarramba.

However, all this activity – be it exploration, appraisal or studies – pales in comparison to actually producing yellowcake, which is exactly the pivotal milestone that Boss Energy ( ASX:BOE ) achieved in April when it turned out the first drum of uranium from its Honeymoon project, following a successful commissioning process. For the latest mining […]

Kazatomprom uranium sales lag behind production

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

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

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

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

Premier American Uranium Inc: Premier American Uranium Commences Trading on the OTCQB Marketplace

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

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

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

Booming uranium price prompts Toro expansion at WA play

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

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

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

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

C2C Metals Stakes Uranium Claims in the Prolific Uravan District, Utah

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

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

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

Uranium Week: Nuclear Power And AI

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

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

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

Standard Uranium Prepares to Mobilize for JV-Partner Funded Inaugural Drill Program at Canary Project, Eastern Athabasca Basin

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

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

Evening Wrap: ASX 200 bounces as copper and uranium stocks soar, plus lithium’s big day out

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

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

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

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

SA uranium miner Boss Energy announces first drum from Honeymoon project

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

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

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

Boss managing director Duncan Craib said […]

Rise in Uranium Miners Stocks Due to Expected Production Increase and Price Surge

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

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

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

Rise in Uranium Miners Stocks Due to Expected Production Increase and Price Surge

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

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

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

Storms Disrupt Uranium Mining Operations in Kazakhstan, Impacting Global Supply

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

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

The Inkai […]