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Uranium Energy Corp. (AMEX:UEC) trade information

May 6, 2022 (updated May 6, 2022) Published by

Uranium Energy Corp. (AMEX:UEC)’s traded shares stood at 14.42 million during the last session, with the company’s beta value hitting 2.03. At the close of trading, the stock’s price was $4.77, to imply an increase of 4.38% or $0.2 in intraday trading. The UEC share’s 52-week high remains $6.60, putting it -38.36% down since that peak but still an impressive 60.38% since price per share fell to its 52-week low of $1.89. The company has a valuation of $1.41B, with an average of 15.83 million shares in intraday trading volume over the past 10 days and average of 14.92 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Uranium Energy Corp. (UEC), translating to a mean rating of 1.60. Of 4 analyst(s) looking at the stock, 0 analyst(s) give UEC a Sell rating. 0 of those analysts rate the stock as Overweight […]

Sprott Physical Uranium Trust Provides Update on Application for U.S. Stock Exchange Listing

May 6, 2022 (updated May 6, 2022) Published by

This news release constitutes a “designated news release” for the purposes of the Sprott Physical Uranium Trust’s prospectus supplement dated November 22, 2021 to its second amended and restated short form base shelf prospectus dated November 22, 2021.

TORONTO, April 27, 2022 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“ Sprott Asset Management ”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “ Trust ” or “ SPUT ”), announced today that it has been informed that the U.S. Securities and Exchange Commission (“ SEC ”) has declined to consider the application submitted earlier this year in respect of a U.S. stock exchange listing for the units of the Trust.

“Unfortunately, we have been informed that the SEC has rejected the application to list the units of SPUT on the NYSE Arca at this time. We understand the rejection was based on the Trust not […]

Cameco Reports First Quarter Results, Beginning to Benefit From Strategic Decisions as Uranium Prices Improve; Well-Positioned With Leverage to Market Transition

May 5, 2022 (updated May 5, 2022) Published by

SASKATOON, Saskatchewan–( BUSINESS WIRE )–Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2022 in accordance with International Financial Reporting Standards (IFRS).

“With the recent uranium price increase, we are beginning to enjoy the benefits of the strategic and deliberate decisions we have made. And, with leverage to rising prices, we are well-positioned to continue to capture value from the market transition we believe is underway, and that is supported by the fundamentals; fundamentals characterized by durable, full-cycle demand against a backdrop of growing concerns about security of supply,” said Tim Gitzel, Cameco’s president and CEO.

“Durable demand is being driven by the accountability for achieving net-zero carbon targets, while balancing the need for affordable, reliable and secure baseload electricity, all while diversifying away from reliance on Russian energy supplies. Governments and policy makers are increasingly recognizing the role that […]

Can You Invest in Uranium? 3 Stocks to Consider

Can You Invest in Uranium? 3 Stocks to Consider

May 5, 2022 (updated May 5, 2022) Published by

Uranium stocks are likely to stay in the limelight as the U.S. looks to decrease reliance on Russian suppliers.

Cameco Corporation ( CCJ ): This uranium producer is keeping some of its mines idle, betting on higher uranium prices in the future.

Global X Uranium ETF ( URA ): This thematic fund provides exposure to global companies involved in uranium exploration and mining.

Uranium Energy ( UEC ): The acquisition of Uranium One offers access to Irigaray, a large uranium processing facility that has become a central hub for satellite uranium mining projects in Wyoming. Uranium stocks have been flaming hot since Russia invaded Ukraine in late February. Rising fossil fuel costs have prompted several countries, including the U.S., to look at nuclear energy more closely.Recent metrics suggest “At the end of 2021, there were 93 operating reactors with a combined generation capacity of about 95,492 MW.” Nuclear plants […]

Denison Reports Financial and Operational Results for Q1 2022, including $47.8 million gain on Physical Uranium Holdings

May 5, 2022 (updated May 5, 2022) Published by

TORONTO, May 4, 2022 /PRNewswire/ – Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML) (NYSE: DNN ) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended March 31, 2022. Both documents will be available on the Company’s website at www.denisonmines.com or on SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. The Company’s results reflect earnings attributable to Denison shareholders of $0.05 per share for the quarter ended March 31, 2022 – including mark-to-market gains of $47.8 million on the Company’s investment in 2.5 million pounds U 3 O 8 of physical uranium holdings. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF

David Cates, President and CEO of Denison commented, "Our results from the first quarter of […]

Sprott to bring its uranium mining ETF to Europe

Sprott to bring its uranium mining ETF to Europe

May 5, 2022 (updated May 5, 2022) Published by

ETF STRATEGY NEWS! ETF Strategy is delighted to announce the launch of ETF Strategy Hub ( hub.etfstrategy.com ), an on-demand repository of webcasts, videos, podcasts and white papers. Debuting with Special Series on Technology & Innovation in China and the Digital Economy.

Toronto-based Sprott Asset Management is preparing to launch an ETF in Europe providing exposure to companies in the uranium mining industry. Nuclear power has been touted as an important bridging fuel while new renewable capacity is being built. The Sprott Uranium Miners UCITS ETF will list on London Stock Exchange in US dollars ( URNM LN ) and pound sterling ( URNP LN ) later in May.

It will come with an expense ratio of 0.85%.

The fund is being brought to market in partnership with white-label ETF issuer HANetf who will be responsible for marketing and distribution responsibilities.The ETF will replicate the strategy behind Sprott’s US-listed Sprott Uranium Miners […]

Toro models transformational changes to WA uranium play

Toro models transformational changes to WA uranium play

May 5, 2022 (updated May 5, 2022) Published by

Drilling operations at Toro Energy’s Lake Maitland uranium deposit in WA. Credit: File A pit re-optimisation, the inclusion of vanadium credits and a change of plant location has turbo-charged Toro Energy’s plan for its WA based Lake Maitland uranium project, leading to a potential 48 per cent hike in uranium production over the life of mine to 23.5 million pounds from 15.8 million pounds and potential vanadium oxide production of 12.2 million pounds.

The company has modelled up the option of a stand-alone uranium mine at Lake Maitland instead of simply including it as part of a broader plan to mine multiple deposits as part of its Wiluna uranium project.

The new model will see the processing plant built alongside the Lake Maitland deposit instead of next to the company’s Centipede deposit around 80km to the northwest.

The resultant cost savings in transport and some processing tweaks when added to a new […]

Toro models transformational changes to WA uranium play

Toro models transformational changes to WA uranium play

May 4, 2022 (updated May 4, 2022) Published by

A pit re-optimisation, the inclusion of vanadium credits and a change of plant location has turbo-charged Toro Energy’s plan for its WA based Lake Maitland uranium project, leading to a potential 48 per cent hike in uranium production over the life of mine to 23.5 million pounds from 15.8 million pounds and potential vanadium oxide production of 12.2 million pounds. Drilling operations at Toro Energy’s Lake Maitland uranium deposit in WA. Credit: File A pit re-optimisation, the inclusion of vanadium credits and a change of plant location has turbo-charged Toro Energy ’s plan for its WA based Lake Maitland uranium project, leading to a potential 48 per cent hike in uranium production over the life of mine to 23.5 million pounds from 15.8 million pounds and potential vanadium oxide production of 12.2 million pounds.

The company has modelled up the option of a stand-alone uranium mine at Lake Maitland instead […]

Skyharbour’s Partner Company Basin Uranium Corp. Completes First Drill Hole at Mann Lake Uranium Project, Saskatchewan

May 4, 2022 (updated May 4, 2022) Published by

Article content

Vancouver, BC, April 28, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQB:
SYHBF ) (Frankfurt:
SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”) is pleased to announce it has completed the first diamond drill hole at the Mann Lake uranium project in Saskatchewan’s prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit. Article content

Mann Lake Uranium Project https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg Highlights : First diamond drill hole was completed to a depth of 731 metres Second diamond drill hole underway at a current depth of approx. 185 metres (target depth of 700 metres) Core logging and composite lithogeochemical sampling remains ongoing with samples being prepared for shipment […]

U3O8 : MD & A 2021 Q4

U3O8 : MD & A 2021 Q4

May 4, 2022 (updated May 4, 2022) Published by

MANAGEMENT’S DISCUSSION AND ANALYSIS

U3O8 CORP.

Prepared by:

U3O8 Corp.36 Toronto Street, Suite 1050Toronto, OntarioM5C 2C5 www.u3o8corp.com U3O8 CORP.Management’s Discussion & AnalysisPeriod Ended December 31, 2021IntroductionThis Management’s Discussion and Analysis ("MD&A") is dated May 2, 2022, unless otherwise indicated, and should be read in conjunction with the audited consolidated financial statements of U3O8 Corp. ("U3O8 Corp.", "the Company") for the year ended December 31, 2021 and the related notes. This MD&A was written to comply with National Instrument 51-102 – Continuous Disclosure Obligations. Results are reported in Canadian Dollars, unless otherwise noted. The results presented for the year ended December 31, 2021, are not necessarily indicative of the results that may be expected for any future period.The audited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") for the year ended December 31, 2021. Information about U3O8 Corp., its minerals resources and technical reports prepared in accordance […]

FIRST URANIUM SIGNS DEFINITIVE AGREEMENT WITH SOUTHWIND

May 3, 2022 (updated May 3, 2022) Published by

Article content

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia, April 26, 2022 (GLOBE NEWSWIRE) — First Uranium Resources Ltd. (the “ Company ” or “ First Uranium ”) (CSE: URNM) is pleased to announce that further to its news release of March 9, 2022, it has entered into a definitive agreement providing it with an option to acquire (the “ Option ”) all of the shares of Southwind Corporation (“ Sout hwind ”), a Delaware corporation (the “ Option Agreement ”). Southwind’s principal asset is a land package in Arkansas comprising a phosphate and rare earth metals project. The Option Agreement becomes effective following the satisfaction of certain conditions precedent including, but not limited to the completion of a reorganization of the shareholdings of Southwind. Article content
Pursuant to the terms of the Option Agreement, the Company […]

Uranium Energy Corp. (AMEX: UEC) Falls -0.71% In Recent Session, What Are The Points You Absolutely Need To Consider?

May 3, 2022 (updated May 3, 2022) Published by

Uranium Energy Corp. (AMEX:UEC) price closed lower on Monday, May 02, dropping -0.71% below its previous close.

A look at the daily price movement shows that the last close reads $4.25, with intraday deals fluctuated between $4.03 and $4.24. The company’s 5Y monthly beta was ticking 2.06. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.60 and 52-week low of $1.89. The stock subtracted -8.06% on its value in the past month.

Uranium Energy Corp., which has a market valuation of $1.25 billion, is expected to release its quarterly earnings report Dec 14, 2021. Analysts tracking UEC have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2022 and up to -$0.03 for 2023.

Revisions to the company’s EPS highlights a short term direction of a […]

Uranium Royalty Corp. (NASDAQ:UROY) Sees Significant Decrease in Short Interest

Uranium Royalty Corp. (NASDAQ:UROY) Sees Significant Decrease in Short Interest

May 3, 2022 (updated May 3, 2022) Published by

Uranium Royalty Uranium Royalty Corp. ( NASDAQ:UROY – Get Rating ) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 698,700 shares, a decline of 22.5% from the March 31st total of 901,600 shares. Based on an average daily volume of 712,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are short sold.

Separately, HC Wainwright reissued a “buy” rating and set a $5.00 price objective on shares of Uranium Royalty in a research report on Thursday, January 6th.

Shares of UROY opened at $3.25 on Tuesday. Uranium Royalty has a twelve month low of $2.25 and a twelve month high of $5.95. The firm’s 50 day moving average price is $4.14. The company has a quick ratio of 77.76, a current ratio of 188.20 and a debt-to-equity ratio of […]

Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Update

Uranium Royalty Corp. (NASDAQ:UROY) Short Interest Update

May 3, 2022 (updated May 3, 2022) Published by

→ Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad) Uranium Royalty Uranium Royalty Corp. ( NASDAQ:UROY – Get Rating ) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 698,700 shares, a decrease of 22.5% from the March 31st total of 901,600 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 712,500 shares, the short-interest ratio is currently 1.0 days.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Uranium Royalty in a research note on Thursday, January 6th.

Institutional investors have recently made changes to their positions in the company. Integrated Advisors Network LLC purchased a new stake in Uranium Royalty during the 1st quarter valued at $53,000. Marshall Wace LLP bought a new position in Uranium Royalty […]

Uranium Week: Volatility And Uncertainty

Uranium Week: Volatility And Uncertainty

May 3, 2022 (updated May 3, 2022) Published by

General financial market volatility continues to impact on the spot uranium market as utilities concentrate on securing term market supply.

-Financial markets remain volatile
-Uranium stocks swept up in sell-offs
-Utilities careful in securing supply amidst uncertainty

The spot uranium market continues to be drawn into the gravitation pull of financial markets in general, which are currently undergoing extensive volatility, now being seen as much as a financial investment product as a physical commodity.This is most evident in the impact on the share prices of uranium producers, industry consultant TradeTech notes, which have continued to be sold down in line with equity markets as a whole. The uranium price now exhibits greater sensitivity to trends and developments that impact investor sentiment consistent with other commodities.The escalating war in Ukraine has further created concern about possible Russian export sanctions and the uncertainty of future nuclear fuel deliveries being made. In […]

Health burdens of uranium miners will extend beyond the radiation exposure compensation act deadline

Health burdens of uranium miners will extend beyond the radiation exposure compensation act deadline

May 3, 2022 (updated May 3, 2022) Published by

The US Radiation Exposure Compensation Act (RECA) is a government compensation programme, which provides partial restitution to individuals whose health was affected by nuclear weapons testing or uranium industry employment. RECA covers US uranium miners employed between 1942 and 1971 who developed or died from lung cancer, pulmonary fibrosis, silicosis, pneumoconiosis or cor pulmonale related to lung fibrosis. RECA is set to terminate this year. The filing deadline for living claimants or spouses of deceased claimants is 10 July 2022. 1 To assess evidence of whether uranium miners will continue to develop compensable diseases after the termination of RECA, we examined mortality rate trends within the US Colorado Plateau uranium miner cohort.

The US Colorado Plateau cohort includes 4137 underground uranium miners employed for at least 1 month and with one or more medical screenings between 1950 and 1960. Underlying cause of death was ascertained through 2016 using the US […]

Uranium Draws Investors as SEC Rejects Sprott U.S. Fund

Uranium Draws Investors as SEC Rejects Sprott U.S. Fund

May 2, 2022 (updated May 2, 2022) Published by

Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission , investing in it is another story.

The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

Usually a failed U.S. listing is cause for concern. Not so for Sprott, or investors and analysts tracking the company’s Canadian-listed physical uranium trust, started in July and now at $3 billion in assets.“We’ve been very clear to our investors from the start that this would be treated as a […]

Cameco Co. (NYSE:CCJ) Sees Significant Increase in Short Interest

Cameco Co. (NYSE:CCJ) Sees Significant Increase in Short Interest

May 2, 2022 (updated May 2, 2022) Published by

→ Invest in Startups Today! (Ad) Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 12,110,000 shares, an increase of 38.4% from the March 31st total of 8,750,000 shares. Based on an average daily volume of 8,630,000 shares, the short-interest ratio is presently 1.4 days. Currently, 3.1% of the shares of the stock are sold short.

Institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new position in shares of Cameco during the 1st quarter valued at $29,000. Bank of New Hampshire purchased a new position in shares of Cameco during the 1st quarter valued at $34,000. Sandy Cove Advisors LLC purchased a new position in shares of Cameco during the 4th quarter valued at $38,000. First Horizon Advisors Inc. purchased a […]

Uranium Finance – New financial protocol that makes staking easier, more efficient and rewards $URF token holders a significant fixed APY of 1,821,183.05%

Uranium Finance – New financial protocol that makes staking easier, more efficient and rewards $URF token holders a significant fixed APY of 1,821,183.05%

May 1, 2022 (updated May 1, 2022) Published by

Singapore, April 29, 2022 (GLOBE NEWSWIRE) — Uranium Finance provides a decentralized asset that rewards with a significant fixed compound interest model through the use of its unique Uranium Finance Auto-Staking Protocol (URFP). URFP is a new financial protocol that makes staking easier, more effective and awards $URF token holders the strongest stable returns in the crypto world.

The project also has NFT collections released after the Fair Launch, Uranium team has already recruited a group of talented and creative NFT designers and is ready to join this booming trend.

Rather than that, our core team managed to run lots of NFT and blockchain-based games before, and they saw the potential of move-to-earn, action-to-earn applications. Therefore, part of the fund raised will be used to develop those awesome and unique applications.

Uranium is proven doxed as it is KYC verified with Pink Sale and audited with Analytix. Hence investors can rest assured […]

How Elkon Exor in Canada monetizes with uranium

How Elkon Exor in Canada monetizes with uranium

May 1, 2022 (updated May 1, 2022) Published by

Elkon said uranium investments will make a significant contribution to Exor’s performance in 2021. Exor partner (Canadian) companies and what they do

In a letter to shareholders of Exor Company, which holds the most important stake in Stellandis, Juventus, Ferrari and KD Publishing Group, Chairman John Elcon Explained “Uranium is one of the biggest positive contributors to our performance in 2021”, above all thanks to Canadian companies Cameco and NexGen Energy.

Cameco – Reads Letter – Largest Independently Listed Company for Handling Uranium; NexGen, on the other hand, develops “the world’s largest low-cost uranium project”. What Elkon said

“We believe that nuclear energy will be key to tackling the three challenges of reducing energy shortages, electrifying industrial applications and converting fossil fuels,” Elgan said. Because nuclear power plants provide reliable and carbon-free energy, they are an excellent complement to non-renewable energy sources such as solar and wind, which depend […]

Top Stories This Week: Expert Calls When to Buy as Gold Falls, Uranium Sees Setbacks

Top Stories This Week: Expert Calls When to Buy as Gold Falls, Uranium Sees Setbacks

April 30, 2022 (updated April 30, 2022) Published by

Top Stories This Week: Expert Calls When to Buy as Gold Falls, Uranium Sees Setbacks

It wasn’t an easy week for gold, which pulled back after last week’s run to nearly US$2,000 per ounce .

The yellow metal sank below the US$1,900 mark on Monday (April 25), and declined as low as US$1,873 on Wednesday (April 27). It was back to just below US$1,900 by the time of this writing on Friday (April 29) afternoon, but some experts think it could still drop further.

I had the chance to speak with Gareth Soloway of InTheMoneyStocks.com , who remains bullish on gold, but expects the precious metal to move down to US$1,825 to US$1,850 before breaking out much higher. While that might sound disheartening, Gareth sees this potential pullback as a "great opportunity" to accumulate more gold. "My fear is that I do think you still have a little bit more […]

GoviEx Uranium Ramps up Work at Mutanga Targeting a Feasibility Study

GoviEx Uranium Ramps up Work at Mutanga Targeting a Feasibility Study

April 30, 2022 (updated April 30, 2022) Published by

GoviEx’s Mutanga Project to follow closely behind its Flagship Madaouela Project in the project pipeline

Updates on Field Program, Dibwe East resource upgrade drilling, hydrogeological study, metallurgical test work verification and ESIA

At recent prices, the Mutanga project shows a 34% IRR and US$189million NPV with projected production to exceed 2.5 million pounds per annum

Vancouver, British Columbia–(Newsfile Corp. – April 28, 2022) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (" GoviEx " or the " Company ") is pleased to announce that it has started its 2022 field program on its 100% owned and mine permitted Mutanga uranium project in Zambia (the " Mutanga Project "), one of three African projects owned by GoviEx, which is planned to be developed following the Company’s Flagship Madaouela uranium project in Niger (the " Madaouela Project ").The field program will target key aspects that will assist to […]

Fortune Bay Announces Initial Drill Target Areas And 2022 Drilling Plans For The Strike Uranium Project

Fortune Bay Announces Initial Drill Target Areas And 2022 Drilling Plans For The Strike Uranium Project

April 30, 2022 (updated April 30, 2022) Published by

Highlights: Nine (9) initial drill target areas have been identified following ground gravity surveying completed in March 2022 (Figure 3).

The initial target areas comprise favorable geological, geophysical and geochemical features typically associated with high-grade basement-hosted uranium deposits related to the Athabasca Basin.

The Tena target area (Figure 4) includes the historical Tena prospect where over 1,000 tonnes of uranium ore was mined in the 1950’s with reported grades of 0.6% to 3.5% U 3 O 8 . Drill targets have been developed down-dip and along strike of the historical adit.

The Tena South target area (Figure 4) is located immediately south of the historical Tena prospect, associated with a coincident gravity low and electromagnetic ("EM") conductor. The other seven (7) target areas include discrete gravity lows located along prominent EM conductors proximal to favourable geochemistry results and structural features. Drilling is expected to commence in mid-May with approximately […]

Skyharbour’s Partner Company Basin Uranium Corp. Completes First Drill Hole at Mann Lake Uranium Project, Saskatchewan

Skyharbour’s Partner Company Basin Uranium Corp. Completes First Drill Hole at Mann Lake Uranium Project, Saskatchewan

April 30, 2022 (updated April 30, 2022) Published by

Vancouver, BC, April 28, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”) is pleased to announce it has completed the first diamond drill hole at the Mann Lake uranium project in Saskatchewan’s prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Mann Lake Uranium Project
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

Highlights : First diamond drill hole was completed to a depth of 731 metres
Second diamond drill hole underway at a current depth of approx. 185 metres (target depth of 700 metres) Core logging and composite lithogeochemical sampling remains ongoing with samples being prepared for shipment to the Saskatchewan Research Council […]

Uranium Draws Investors as SEC Rejects Sprott U.S. Fund

Uranium Draws Investors as SEC Rejects Sprott U.S. Fund

April 30, 2022 (updated April 30, 2022) Published by

(Bloomberg) — Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission, investing in it is another story.

The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

Usually a failed U.S. listing is cause for concern. Not so for Sprott, or investors and analysts tracking the company’s Canadian-listed physical uranium trust, started in July and now at $3 billion in assets.“We’ve been very clear to our investors from the start that this would be treated as […]

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