Winners

Cameco Corporation (CCO.TO) +13.1%

Cameco produces and sells uranium to companies around the world. Cameco’s share price has benefitted from rising uranium prices, closing more than four per cent higher Thursday compared to market open Tuesday. In its second-quarter 2021 results ended June 30, the company reported revenues of $359 million, down 32 per cent from $525 million the prior year. Cameco reported a loss of $37 million for the quarter, an improvement over the $53 million loss the prior year.

Sprott Inc. (SII.TO) +6.5% Sprott is an asset management firm specializing in precious metals. The company has been purchasing large quantities of uranium, which has pushed up prices of the nuclear fuel. As of July 31, the company’s physical trust has $623 million (U.S.) worth of uranium in its possession. In its second-quarter 2021 results ended June 30, the company reported total revenue of $36 million, […]

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Companies around the world tied to the commodity have charged higher, but the excitement might be short-lived Shares of uranium mining companies saw a boost Monday as a rally in the radioactive metal gave retail traders a new sector to be excited about .

As reported by the Wall Street Journal , Sydney-listed uranium miners Peninsula Energy, Energy Resources of Australia, and Bannerman Energy all closed the day more than 25% up from where they started. Aura Energy, which is listed in London, saw its share jump more than 35%. Yellow Cake PLC, a London-listed company that’s effectively a fund that gives investors uranium exposure, climbed 13%.

SwaggyStocks, a website that monitors WallStreetBets for mentions of ticker symbols, also detected an uptick in chatter around Cameco, a Canadian company listed on the New York exchange, which at one point became the third most-discussed company in the notorious Reddit forum after Apple […]

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Denison Mines Corp. ( DNN ) is a leading uranium exploration and production company based in Canada, with mining interests in several regions across the country. Shares of DNN have surged 252.2% in price over the past nine months and 30.6% over the past month to close Friday’s trading session at $1.41.

The penny stock has been gaining momentum due to rising retail trader interest as social media platforms continue to target uranium stocks to precipitate a uranium squeeze.

However, DNN’s weak fundamentals are reflected in its poor fiscal second quarter (ended June 30) results. Its net loss widened 126% year-over-year to CAD2.36 million ($1.88 million), while its net operating cash outflow increased 88.7% in the first half of 2021 to CAD12.84 million ($10.25 million). In addition, analysts expect the company’s loss per share to rise slightly in its fiscal year 2021. We think these factors combined could make DNN’s current […]

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With rising global demand for nuclear energy and increasing nuclear reactor capacity, uranium is witnessing a surge in demand. Furthermore, the resumption of production and rising demand have resulted in an optimistic prognosis for the industry’s growth prospects, leading August’s total spot market volume to 13.2 million pounds, the highest monthly volume in the uranium spot market since 1996.

The surging demand for and dependency on nuclear energy, growing awareness for decarbonization, oil price fluctuations, and the economic advantage of uranium production are projected to drive the industry’s growth. The global uranium market is expected to reach 92.3kt by 2027, registering a CAGR of 2%.

Given this backdrop, Wall Street Analysts expect uranium stocks Energy Fuels Inc. ( UUUU ), Uranium Energy Corp. ( UEC ), and Ur-Energy Inc. ( URG ) to rally by more than 30% in the upcoming months.

Energy Fuels Inc. ( UUUU ) UUUU engages […]

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Skyharbour Resources Ltd. is pleased to announce the initial set of diamond drill results from its 2021 summer diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. Drillhole …

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce the initial set of diamond drill results from its 2021 summer diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. Drillhole ML21-03 intersected additional high grade, basement hosted uranium mineralization at the Maverick East Zone. This hole returned […]

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Retail traders from Reddit’s WallStreetBets flocked to uranium mining companies on Monday amid a price rally in the radioactive material, as investors bet that the nuclear fuel would become a central tool in the decarbonization of the world’s energy systems. In Australia, Sydney-listed uranium miners Peninsula Energy, Energy Resources of Australia and Bannerman Energy, jumped by 40% over the last several days. In London, miner Aura Energy jumped more than 75% and Yellow Cake, a company that acts as an exchange-traded fund for uranium, rose 15%. Over in New York, uranium futures have been at their highest level in seven years, surging 40% over the past month to $42.40. And in Asia, shares in Japanese utilities TEPCO, Kansai and Shikoku Electric Power rose sharply after Fumio Kishida, the leading contender to become the country’s next prime minister, U-turned on his position on nuclear power and noted the energy source […]

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The entrance of a mothballed mine of Energy Files Resources pictured on October 27, 2017 outside Ticaboo, Utah. Investors may want to move fast to catch those gains, warns our call of the day from Morgan Stanley.

“While coal and natural gas prices are driven up by actual market tightness, uranium’s underlying supply-demand fundamentals haven’t meaningfully changed over the last few months to warrant this price surge,” commodity strategists Marius van Straaten and Susan Bates told clients in a note. “Although the current rally is likely to have further to run, we are not yet convinced that it can be sustained into next year.”

Joining a “wider energy rally,” uranium’s spot price has gained 20% since August at $39, the highest since 2015. The strategists acknowledge uranium buying by the Sprott Physical Uranium Trust CA:U — to keep it away from nuclear power plants — has played a key role .

[…]

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Pic: X-Men: Apocalypse (2016) share

Metal Hawk +250% after revealing a Kambalda style nickel discovery in maiden drilling

Battery metals-uranium explorer A-Cap now +170% over past month

Metalicity makes off-market, all share takeover bid for JV partner Nex Metals Here are the biggest small cap resources winners in early trade, Tuesday September 14. Metal Hawk gained +250% in early trade after uncovering a Kambalda style nickel discovery in maiden drilling at the ‘Berehaven’ project near Kalgoorlie.The explorer, which only listed November last year, hit 2m of massive (best stuff) and semi-massive (second best stuff) nickel sulphides from 144m to 146m at the ‘Commodore’ prospect.Assays are due in about 3-4 weeks.Upside abounds, because this area has never been drilled for nickel before, the company says. This is partially because of a thick layer of iron-rich laterite which has made surface EM surveys – a useful tool for […]

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What happened

Uranium stocks are absolutely crushing the market today, extending their gains from last week. Here’s how the top-performing uranium stocks were faring as of noon today:

Interest in uranium stocks is so high right now that Cameco ( NYSE:CCJ ) has surpassed AMC Entertainment Holdings and GameStop today to become the most discussed stock on Reddit’s WallStreetBets forum. Cameco is among the world’s largest uranium producers and the largest uranium stock in the U.S. with a market capitalization of $10 billion as of this writing. Its stock was up 3% as of noon today after jumping nearly 9% earlier in the day. So what

The story for commodity stocks often boils down to commodity prices. For uranium stocks, the story building up is a pretty strong one, what with uranium prices skyrocketing to multiyear highs.Rick Rule, the CEO of the world’s largest uranium fund, believes this could be […]

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All of this means it might make sense to explore some of the most interesting names that offer exposure to uranium at this time, which is why we’ve pu…

It’s safe to say there are a lot of different moving parts impacting financial markets at this time. For example, investors are trying to process the impacts of inflation, the Federal Reserve’s position on tapering, and whether or not the economic recovery is progressing. Then you have some truly eye-catching moves in the commodities market that are providing strong opportunities for profits. Surprisingly, gold isn’t a standout in this uncertain market environment. Instead, renewed interest in the radioactive metal uranium is providing some nuclear moves up for stocks that are involved in mining and producing the commodity.

Uranium, which is used to fuel nuclear power plants, is currently reaching the highest price levels since 2014 and could deliver additional upside in the […]

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Crude Oil, OPEC, Tropical Storm, Uranium, Reddit – Talking Points

Crude and Brent oil benchmarks are gaining this week as lingering supply and production disruptions and a broader theme of risk-taking push prices higher. Crude oil is on track for its fourth weekly gain, currently up over 1% since Monday. Meanwhile, Brent oil prices are following closely behind and looking for their second weekly gain. A report from OPEC sent a bullish sign to traders on Monday. In the report, OPEC sees oil demand rising above pre-pandemic levels next year.

A broader sense of risk-taking is also helping lift prices after traders returned from the weekend and pushed Wall Street stocks higher. The Dow Jones Industrial Average gained 0.76% on Monday. Markets were plagued by profit-taking and a breakdown in sentiment on global growth worries. Those fears appear to have receded for now, at least partially.

The Delta Covid wave did […]

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On September 7, enCore Energy Corp. (TSXV: EU) announced an agreement to buy Azarga Uranium Corp. (TSX: AZZ) in a share-for-share exchange agreement. Shareholders of Azarga, a U.S.-focused uranium development company, will receive a minimum of 0.375 shares of the bigger company enCore, a firm with a similar focus, per share held.

The exchange ratio could potentially increase to as high as 0.49 shares if the 15-day VWAP of enCore stock prior to the transaction closing were to weaken from current levels.

The companies cited the opportunity to create a top-tier U.S. uranium in situ recovery (ISR) mining company with a large resource base (90 million pounds of uranium on a Measured & Indicated basis and 9.9 million additional pounds on an Inferred basis) as the key reason for the merger. ISR mines use fluid to recover valuable minerals from the ground without digging and moving giant chunks of earth.

Closing of […]

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With China expected to ramp up its nuclear energy programme we take a look at the chart for a firm set to benefit. Not only has sentiment cooled for wind and solar in the West, but China appears on the verge of ramping up its dependence on nuclear by building more reactors.

There is great pressure on them to cut their dependence on coal – and they can earn Brownie points galore in the West by cutting their CO2 emissions – and going nuclear.

I well remember the first Uranium Rush in the 1960s led by Canada. Canadian uranium penny shares were the meme stocks of their day.

Then, the infant nuclear energy industry was said to promise unlimited free energy! Of course the hype was not matched by reality and a Uranium Bust ensued.With accidents like Three Mile Island cooling the nuclear frenzy, and an abundance of ‘cheap’ oil and gas, […]

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What happened

Uranium stocks are absolutely crushing the market today, extending their gains from last week. Here’s how the top-performing uranium stocks were faring as of noon today: Uranium Royalty (NASDAQ: UROY): Up 23.2%.

Uranium Energy (NYSEMKT: UEC): Up 11.4%.

Ur-Energy (NYSEMKT: URG): Up 11.5%. Interest in uranium stocks is so high right now that Cameco (NYSE: CCJ) has surpassed AMC Entertainment Holdings and GameStop today to become the most discussed stock on Reddit’s WallStreetBets forum. Cameco is among the world’s largest uranium producers and the largest uranium stock in the U.S. with a market capitalization of $10 billion as of this writing. Its stock was up 3% as of noon today after jumping nearly 9% earlier in the day. So what The story for commodity stocks often boils down to commodity prices. For uranium stocks, the story building up is a pretty strong one, what with uranium prices […]

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CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED JULY 31, 2021 Uranium Royalty Corp. Condensed Interim Consolidated Statements of Financial Position (Unaudited, expressed in Canadian dollars unless otherwise stated) Notes As at July 31, 2021 As at April 30, 2021 ($) ($) Assets Current Assets Cash and cash equivalents 3 25,711,155 7,214,482 Restricted cash 3 678,750 669,350 Short-term investments 4 34,149,066 30,044,870 Inventories 5 12,398,031 12,398,031 Prepaids and other receivables 601,367 279,478 73,538,369 50,606,211 Non-current Assets Royalties and royalty options 6 42,157,375 25,577,108 42,157,375 25,577,108 115,695,744 76,183,319 Liabilities Current Liabilities Accounts payable and accrued liabilities 11 557,664 506,944 557,664 506,944 Non-current Liabilities Government loan payable 7 40,000 40,000 Margin loan payable 8 6,304,821 – 6,344,821 40,000 6,902,485 546,944 Equity Issued Capital 9 103,250,230 72,985,166 Reserves 9 6,566,110 6,352,151 Accumulated deficit (8,948,858 ) (7,885,993 ) Accumulated other comprehensive income 7,925,777 4,185,051 108,793,259 75,636,375 115,695,744 76,183,319 Commitments (Note 13)

Subsequent […]

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Cameco Corporation (CCO.TO) +13.1%

Cameco produces and sells uranium to companies around the world. Cameco’s share price has benefitted from rising uranium prices, closing more than four per cent higher Thursday compared to market open Tuesday. In its second-quarter 2021 results ended June 30, the company reported revenues of $359 million, down 32 per cent from $525 million the prior year. Cameco reported a loss of $37 million for the quarter, an improvement over the $53 million loss the prior year.

Sprott Inc. (SII.TO) +6.5%

Sprott is an asset management firm specializing in precious metals. The company has been purchasing large quantities of uranium, which has pushed up prices of the nuclear fuel. As of July 31, the company’s physical trust has $623 million (U.S.) worth of uranium in its possession. In its second-quarter 2021 results ended June 30, the company reported total revenue of $36 million, up from […]

Click here to view original web page at www.guelphmercury.com

enCore Energy Corp. and Azarga Uranium Corp. have entered into a definitive arrangement agreement whereby enCore will acquire all of the issued and outstanding common shares of Azarga, pursuant to a court-approved plan of arrangement.

The transaction consolidates an industry leading pipeline of exploration and development staged in-situ recovery (ISR) focused uranium projects located in the US, including: the licensed Rosita & Kingsville Dome past producing uranium production facilities in South Texas; the advanced stage Dewey Burdock development project in South Dakota, which has been issued its key federal permits; the PEA-staged Gas Hills Project located in Wyoming; and a portfolio of resource staged projects throughout the US. The combined company will possess a uranium resource base of 90.0 million lbs in the measured and indicated category, 9.9 million lbs in the inferred category, as well as 68.4 million lbs in the historic category.

Under the terms of the agreement, Azarga […]

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In the last trading session, 17.86 million Uranium Energy Corp. (AMEX:UEC) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $3.21 changed hands at $0.31 or 10.69% during last session, the market valuation stood at $555.11M. UEC’s last price was a discount, traded about -14.33% off its 52-week high of $3.67. The share price had its 52-week low at $0.82, which suggests the last value was 74.45% up since then. When we look at Uranium Energy Corp.’s average trading volume, we note the 10-day average is 10.98 million shares, with the 3-month average coming to 4.92 million.

Analysts gave the Uranium Energy Corp. (UEC) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further […]

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The ASX closed higher today and it was all thanks to the latest moves in the uranium sector. Spot prices have reached ~7 year highs with the latest catalyst being the Sprott Physical Uranium Trust buying up more physical uranium and spot prices surpassed US$40 per pound. The ASX 200 rose 0.25% to close at 7,425 while the ASX Emerging Companies Index rose 1.8%, closing t 2,513.

Energy rose over 1% and resources rose 0.9% and most other sectors gained as well. Tech was one exemption sector, retreating 0.28%.

The drop in tech was in line with the tech sectors of many other Asia-Pacific markets especially in China following reports out of the Financial Times that the Chinese government wanted to break up Ant Group’s Alipay.

EV stocks also suffered after China’s industry minister said consolidation was needed. TODAY’S BIGGEST WINNERS Scroll or swipe to reveal table. Click headings to sort. 92E […]

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