Pegasus Resources (TSXV: PEGA) this morning released its much anticipated uranium property acquisition news. The firm has entered arrangements to acquire the Pine Channel Uranium Property, which is located within the Athabasca Basin of Saskatchewan.

The property itself was acquired by the company via three separate transactions. At 6,028 hectares in size, the property consists of a total of six mineral claims, located roughly 40 kilometres west of Stony Rapids, Saskatchewan. The property itself is accessible via trails and winter roads from the town.

The six mineral claims were acquired via a series of transactions. The first of which was acquired via a deal with Eagle Plains Resources (TSXV: EPL) , while a large claim adjacent to the property to the south was acquired via staking. Finally, the firm has obtained a further four claims from ALX Resources Corp (TSXV: AL) via a binding LOI, which effectively surround the staked claim […]

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With the hydrogen lead projects – its largest research initiative to date on the topic of energy transition, the German Federal Ministry of Education and Research (BMBF) is supporting Germany’s entry into the hydrogen economy. thyssenkrupp is involved in all three hydrogen lead projects and is testing the industrial production, use and system integration of green hydrogen. Within four years up to 2025 thyssenkrupp will therefore be further expanding its technology leadership along the entire green chemicals value chain. This involves the series manufacturing of large-scale water electrolyzers (H 2 Giga), the production of synthetic fuels, green ammonia, green methanol and synthetic methane at sea (H 2 Mare), as well as hydrogen transport and conversion technologies such as ammonia cracking (TransHyDE). These flagship projects will bundle the expertise for hydrogen technologies in science, industry and civil society throughout Germany, thereby providing the initial spark for the development, conception and […]

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Uranium Market analysis is provided for the Global market including development trends by regions, competitive analysis of Uranium market. Uranium Industry report focuses on the major drivers and restraints for the key players. According to the Uranium Market report, the global market is expected to witness a relatively higher growth rate during the forecast period.

The study on Uranium market presents a comprehensive analysis of the key growth markers of this industry vertical in accordance with the regional outlook and competitive landscape. Also, the report discusses the prevalent challenges and limitations in this business sphere. Moreover, it renders a robust outlook on the opportunities that can turn in profit over the projected timeline. In addition, a conclusive overview of the impact of Covid-19 pandemic is included to empower stakeholders with the latest updates on changing market dynamics.

Key highlights from COVID-19 impact analysis: Contractions in economic growth due to the […]

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Aura is back in the uranium race with offtake financing for its Tiris project. Pic: Outrun share

Aura Energy has secured a key piece of the puzzle to progress its Tiris uranium project towards production, a US$20m offtake financing agreement.

Funding under the agreement with London-based Curzon Uranium Trading, forms an important part of the Tiris Uranium Project construction funding and paves the way for the full funding package to be obtained. Curzon, which currently holds a diversified portfolio of offtakes in the uranium sector around the world, has used this late stage project construction and production funding previously.

Notably, it secures the required funding without further diluting shareholders’ interests.This agreement follows Aura Energy’s (ASX:AEE) recent resource upgrade of 10% for the Tiris project in Mauritania to 56 million pounds of uranium oxide.The financing agreement allows for the interest charge to be paid in uranium concentrate is a variation of […]

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A shot of the Amarillo Grande Project in the Patagonia region of southern Argentina. Nuclear power is focal in re-tooling the global power grid to lower its carbon footprint

Prices for the uranium that fuels nuclear plants have jumped, as the Sprott Physical Uranium Trust has been buying massive amounts of uranium on the spot market

With a significant uranium resource in Argentina, Blue Sky Uranium is poised to benefit from uranium’s day in the sun

As the world searches for more climate friendly solutions for electricity generation, nuclear power is an increasing part of the discussion.The world’s uranium-fueled nuclear reactors produce reliable baseload power but have a very small carbon footprint. Microsoft founder Bill Gates had this to say about the sector, “Nuclear is ideal for dealing with climate change, because it is the only carbon-free, scalable energy source that’s available 24 hours a day.”That’s […]

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Back to the Future, 1985, Universal Pictures share

With the increasingly bullish outlook on uranium, timing appears perfect for Marmota (ASX:MEU) to return to its uranium roots with the acquisition of the Junction Dam uranium tenement.

Marmota started out as a uranium explorer and spent more than $8m by 2014 on uranium exploration to earn 100% of the uranium rights on Junction Dam, prior to putting further exploration on ice following Fukushima. Marmota has subsequently been in the news for its Aurora Tank gold discovery that has been yielding multiple outstanding gold intersections over 100g/t gold over 1m.

With the resurgence of uranium, Marmota has now acquired the entire Junction Dam tenement from Teck Australia, Eaglehawk Geological Consulting and Variscan Mines (ASX:VAR) which ensures that it now has complete control and ownership. The previous tenement owners have received a 5% net profits royalty on production from a future Uranium mine […]

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TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, Oct. 5, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that President and CEO, Ross McElroy, will present at the TD Securities Virtual Uranium Roundtable on October 7, 2021. Mr. McElroy will provide an update on Fission’s resource expansion program and the on-going feasibility study for the Company’s high-grade, near surface uranium project in Saskatchewan.

Event Details About Fission Uranium Fission Uranium Corp. is a Canadian based resource company specializing in the development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit. The Company is headquartered in Kelowna, British Columbia. Fission’s common shares are listed on the Toronto Stock Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF." ON BEHALF OF THE BOARD […]

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The rising spot price of uranium has resulted in a $21.83 million book profit for Boss Energy. Climbing uranium prices have generated a windfall for aspiring producer Boss Energy (ASX: BOE) , which aims to capitalise on its strengthened position in project funding and offtake negotiations.

The company has been forging ahead with restart plans at its Honeymoon uranium mine in South Australia in a bid to take advantage of the growing uranium market.

In an announcement today, Boss noted the spot price of uranium has risen from US$32.40 per pound in July to more than US$50/lb. The current spot price on Tuesday was US$41.25/lb, which exceeds the all-in cost of US$31.90/lb that the company forecast in June.

The price increase has resulted in Boss’ 1.25-million-pound uranium oxide inventory having a spot market value of US$51.56 million (A$71.52 million). Since Boss paid US$37.68 million (A$49.69 million) for this inventory in March, this […]

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Marmota Ltd ( ASX:MEU ) has gone back to its uranium roots with the acquisition of the Junction Dam uranium tenement EL360 in South Australia.

This tenement is immediately adjacent to $550 million capped Boss Energy’s Honeymoon tenement, which hosts the Honeymoon in-situ recovery (ISR) uranium mine.

The tenement was previously owned collectively by Teck Australia Pty Ltd, Eaglehawk Geological Consulting Pty Ltd and Variscan Mines Ltd ( ASX:VAR ) and MEU has granted a 5% net profits royalty on production from a future Uranium mine to the previous owners.

Ministerial consent to this transfer has already been granted.In recent months, MEU has been focused on bringing its Aurora Tank gold discovery in South Australia to production. However, the company never lost focus on its uranium strategy and today’s acquisition puts it firmly back in the uranium conversation at a time of increasing uranium prices and more positive sentiment. Strategic uranium acquisition […]

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Summary

The price of uranium has retraced some after the peak in September, this is potentially a good entry point for the investment vehicles.

The investment vehicles are still reasonably priced compared to many other uranium equities.

Higher energy prices and the energy crisis should be a tailwind for uranium as well. This idea was discussed in more depth with members of my private investing community, Off The Beaten Path. Learn More » Searsie/iStock via Getty Images Investment Thesis I have written a lot about the uranium supply/demand situation over the last few years here at Seeking Alpha and a more detailed breakdown can be read here . We are presently in a deficit and only higher prices will resolve that deficit. Figure 1 – Source: Koyfin It has now been quite a while since the spot price of uranium bottomed back in late 2016. While the spot […]

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Pegasus Resources Inc. (TSXV: PEGA) has announced that it is in the process of considering to acquire several uranium properties in the Athabasca Basin area of northern Saskatchewan. The recent rise in the spot price of uranium has resulted in renewed investor interest in the uranium sector. This is not Pegasus’ first foray into uranium, as it previously sold its uranium assets to mining giant Rio Tinto in 2018. The region accounts for 20% of the world’s uranium production.

Canada was the world’s largest producer of uranium until 2009, when it was surpassed by Kazakhstan. Canada’s leadership position was largely due to the Athabasca Basin, which is host to several of the world’s largest and highest-grade uranium mines, including Cameco’s (TSX: CCO) McArthur River Mine and Cigar Lake Mine.

Uranium was discovered in the Athabasca region during the 1940’s. In 1968 Gulf Mineral Resources discovered the Rabbit Lake Mine which entered […]

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TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, Oct. 5, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that President and CEO, Ross McElroy, will present at the TD Securities Virtual Uranium Roundtable on October 7, 2021. Mr. McElroy will provide an update on Fission’s resource expansion program and the on-going feasibility study for the Company’s high-grade, near surface uranium project in Saskatchewan. Fission Uranium Corp. Logo (CNW Group/Fission Uranium Corp.) Event Details Event: TD Securities Virtual Uranium Roundtable

Date: October 7, 2021 Fission Presentation: Thursday, October 7, 2021 at 2:10pm ET Location: Virtual Conference About Fission Uranium Fission Uranium Corp. is a Canadian based resource company specializing in the development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit. The Company is headquartered in Kelowna, British […]

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Drilling at Deep Yellow’s Tumas uranium project in Namibia. Credit: File Aspiring uranium producer, Deep Yellow Limited has served up a milestone achievement in its ambitions to bring its Tumas uranium project in Namibia into production. Definitive feasibility study, or “DFS”, drilling has returned a cracking 121 per cent lift to the probable ore reserves previously defined in a pre-feasibility study meeting the company’s objective of delivering a mine life of more than 20 years for the multi-deposit project.

Tumas now takes in probable ore reserves of 68.4 million pounds of uranium oxide grading 345 parts per million for the combined Tumas 1, Tumas 2, Tumas 3 and Tumas 1 East deposits.

Previous estimates as part of the PFS outlined a probable ore reserve base of 31Mlb uranium oxide at 344ppm, sufficient for an 11.8-year mine life.

The stellar increase in ore reserves follows a 25,000-metre resource upgrade drilling program targeting the […]

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New investors in Kayelekera Uranium Mine in Karonga, Lotus Resources Limited, says it wants to grow resources to ensure a long shelf life of the mine.

The Australian mining firm’s managing director Keith Bowes said in an e-mail response on Thursday that in view of its licence renewal and the pick up in uranium prices, they are positive that the mine can support a viable long-term operation. Kayelekera Mine was put under care and maintenance in 2014 He said: “Lotus Resources recognised that part of the attraction of the Kayelekera Project when it acquired it from Paladin Energy in March 2020 was the potential to increase the existing uranium resource from the current 37.5 million pounds by undertaking exploration programmes.

“The programme itself would initially focus on the potential of the existing mining licence through extensional drilling around the current resource and investigating a number of geophysical anomalies that look like […]

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"Over the past month with the increase in the spot uranium price to over US$50/lb we have seen an unprecedented land grab in the Athabasca Basin. Most of the basin has been pegged which highlights the excitement and prospectivity of this area," says executive chairman. Valor Resources Ltd ( ASX:VAL ) is planning a follow-up diamond drilling program at Hook Lake Uranium Project in Canada’s prolific Athabasca Basin following an on-ground field program that returned assays of up to 59.2% U3O8.

Drilling will test at depth and along strike at a historical trench at Hook Lake/Zone S Prospect where surface sampling returned high-grade assays of up to 59.2% U3O8, 5.05% total rare earth oxides (TREO), 507 g/t silver and 14.5% lead.

The company has already secured all necessary permits for the drilling program granted by the Saskatchewan Ministry of Environment and relevant stakeholders, including First Nations communities, are being contacted regarding […]

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

VANCOUVER, BC, Oct. 5, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , "Blue Sky" or the "Company") announces that, further to its news release dated September 29, 2021, it has issued 1,666,714 common shares in the capital of the Company (each, a " Share "), at a deemed issue price of $0.2063 per Share, in settlement of drilling services totaling $343,843.20. Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.) The Shares are subject to a four month hold period expiring on February 2, 2022 required pursuant to the policies of the TSX Venture Exchange.

About Blue Sky Uranium Corp. Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company’s objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium […]

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Vancouver, Canada – TheNewswire – October 3rd, 2021 – Trench Metals Corp. (the “Company”) (TSXV:TMC) (FWB:33H2) announces that its board of directors has commenced a strategic review of several uranium projects near the Company’s Gorilla Lake Uranium Project with the plan to expand the Company’s portfolio.

Simon Cheng, Chief Executive Officer of the Company commented; “based on the encouraging initial results from our summer 2021 work program on our Gorilla Lake Uranium Project, the Company is excited to assess other highly prospective uranium projects in Athabasca, Saskatchewan that the board feels would enhance the Company’s project portfolio. The board of directors feels the timing is ideal for expansion as the price of uranium is rising and projections are for significant growth in demand for the coming decade. It seems the world is waking up to the idea that nuclear power is the best solution to meet the world’s green […]

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In September it was tough to pick a winner on the ASX (Pic: WallStBets/Reddit) share

September 2021 was the worst month for the ASX since March 2020 but the 50 best stocks gained 57% or more.

Despite a positive close on September 30, the ASX finished the month down 2.59% and nearly 4% lower since mid-August.

While the stimulus has allowed the market to shrug off concerns about weak economic growth, central banks indicated the end is nigh – spooking investors. Also provoking the bears was Chinese property developer Evergrande teetering on the brink of collapse.But in better news, the Melbourne Demons won the AFL premiership – in the process making St Kilda the holder of the longest premiership drought.The COVID vaccine roll-out in Australia continued to accelerate from 19,697,498 jabs to 27,750,501. We also entered into the AUKUS pact enabling us to build nuclear-powered submarines.And perhaps not everyone was affected […]

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