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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Vancouver, British Columbia–(Newsfile Corp. – September 30, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired the McKenzie Lake Uranium Project ("McKenzie Lake", or the "Project") in northern Saskatchewan, Canada. McKenzie Lake consists of four mineral claims purchased from an arm’s length vendor group, and a fifth mineral claim staked by the Company, giving the Project a total area of 6,916 hectares (17,089 acres). McKenzie Lake is located near the eastern margin of the Athabasca Basin approximately 20 kilometres (12.5 miles) north of the Company’s newly acquired Javelin Uranium Project, and about 55 kilometres (34 miles) southeast of the McArthur River Uranium Mine. McKenzie Lake Uranium Project

About McKenzie Lake

McKenzie Lake is located outside of the eastern margin of the Athabasca Basin within the central parts of the Wollaston Domain basement rocks, which […]

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The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.

ENGLEWOOD, Colo. (PRWEB) October 01, 2021

The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 (triuranium oxide) equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.This is the second consecutive month for record transaction volumes in the uranium spot market. A total of 13.2 million pounds U3O8 equivalent traded hands during the month of August, notes TradeTech, the longest-running uranium price […]

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"An increase in uranium buying interest from the utility and non-end user sectors has resulted in higher offers for all buyers in the mid- and long-term delivery periods,” said TradeTech President Treva Klingbiel. The uranium market continues to observe high transaction volume, which reached a new record in September with 14.5 million pounds U3O8 (triuranium oxide) equivalent transacted in the spot market—the largest transaction volume recorded in a single month since 1996, according to industry consultant TradeTech.

This is the second consecutive month for record transaction volumes in the uranium spot market. A total of 13.2 million pounds U3O8 equivalent traded hands during the month of August, notes TradeTech, the longest-running uranium price reporter.

In August, the increase in the spot uranium price outpaced prices observed in the mid- and long-term market sectors. However, that trend was reversed in September. Beginning in the second half of the month, spot prices started […]

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Uranium remains in the spotlight, and that’s where this week’s update is going to start.

If you’ve been following along, you’ll remember that the market has been attracting attention since the Sprott Physical Uranium Trust (TSX: U.UN ) came onto the scene and started buying up physical uranium.

I recently spoke with Justin Huhn of Uranium Insider , who took the time to explain where the market could go from here. He’s not a fan of making price predictions, but did say the commodity could “absolutely” rise as high as it did during the last cycle, when it peaked around US$140 per pound. Gold In 2021 – Will It Be Another Wild Ride?

What’s Next For The Gold market? Our Exclusive Report Provides You With All The Information Needed To Make An Informed Decision. “There’s really bullish price forecasts being thrown out there, and I think that we see a […]

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It looked like ASX uranium shares were making a run for the moon in September, many of which surged to multi-year highs. Uranium prices skyrocketed at the beginning of the month, surging from US$30/lb to above US$50/lb for the first time since June 2012. The resurgence in uranium was largely driven by Canadian investment fund, Sprott Asset Management and its Physical Uranium Trust.

Sprott had an aggressive strategy to buy physical uranium off the spot market, effectively squeezing the illiquid market.

But as Sprott’s buying activity slowed and profit-taking began to take place, uranium prices eased in the latter half of the month. By month-end, uranium prices were sitting at around US$44/lb.

The Global X Uranium Exchange Traded Fund (ETF) provides a solid overview of how the broader sector performs amidst the renewed interest in the energy metal.Last month, the uranium ETF surged 36% from US$21 to a 7-year high of US$28.7 […]

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ALX Resources Corp. is pleased to announce that it has acquired the McKenzie Lake Uranium Project in northern Saskatchewan, Canada. McKenzie Lake consists of four mineral claims purchased from an arm’s length vendor group, and a fifth mineral claim staked by the Company, giving the Project a total area of 6,916 hectares . McKenzie Lake is located near the eastern margin of the Athabasca Basin approximately 20 …

ALX Resources Corp. ( TSXV: AL ) (FSE: 6LLN) (OTC: ALXEF) (“ALX” or the “Company”) is pleased to announce that it has acquired the McKenzie Lake Uranium Project (“McKenzie Lake”, or the “Project”) in northern Saskatchewan, Canada. McKenzie Lake consists of four mineral claims purchased from an arm’s length vendor group, and a fifth mineral claim staked by the Company, giving the Project a total area of 6,916 hectares (17,089 acres). McKenzie Lake is located near the eastern margin of the […]

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