What happened

Shares of uranium mining companies are red-hot Thursday. As of 12:40 p.m. EDT, both Energy Fuels (NYSEMKT: UUUU) and Uranium Energy (NYSEMKT: UEC) stocks are up 6.9% apiece, while Ur-Energy (NYSEMKT: URG) is leading the pack higher with a 9.1% gain.

And you can probably thank GLJ Research for all of that. So what

In a short note posted on Twitter yesterday, you see, GLJ raised its price target on yet another uranium mining company. The analyst’s positive comments (and 38 Canadian dollar price target) on uranium miner Cameco (NYSE: CCJ) nonetheless seems to have gotten a lot of investors excited throughout the uranium sector.GLJ cited the creation of the Sprott Physical Uranium Trust — a commodity fund that buys and holds physical uranium as an "alternative for investors," and indeed "the world’s largest" such fund — as its reason for optimism. As the analyst explained, Sprott’s "aggressive […]

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It’s hard to envision the world getting all its electricity from renewable assets (solar, wind, geothermal, possibly hydro depending on how you classify it) any time soon. Sure Swanson’s Law and Moore’s Law would suggest that the cost-effectiveness and technology behind solar cells is improving at a very rapid pace but the reality is, we aren’t getting even close to our climate targets and reducing or possibly even eliminating the burning of fossil fuels for electricity unless we include nuclear power in the mix. There certainly seems to be ebb and flow around the perception of nuclear power as a green alternative. Nevertheless, it is a very efficient source of electricity that has a very low carbon footprint . In fact, it produces zero carbon emissions in the electricity generation process, but mining and refining uranium ore and making reactor fuel all require energy.

I’m a firm believer that nuclear […]

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Boom time. Pic: Columbia Pictures, 1956 share

The spot uranium price has punched through $35/lb for first time in six years.

The spark for this price rise is the Sprott Physical Uranium Trust (SPUT), which started buying up and storing physical uranium a few weeks back. Big day as #Uranium spot breaks through $35 to set a new 6-year high. Happy to be doing our part as Sprott Physical Uranium Trust added another 400k lbs of U308. #Nuclear #U3O8 #lowcarbon #SPUT $U.UN $U.U For more information and disclosures, visit: https://t.co/LAsp4rJkmP — Sprott Asset Management (@Sprott) September 1, 2021 A gigawatt-class reactor uses around 450,000 pounds per year, so this is no small amount. SPUT is removing it from market circulation for the long term, and they aren’t the only ones.

Two other companies have already declared their intent to build ATM offering programs and “I doubt they will be the last […]

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Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. We can see that Fission Uranium Corp. ( TSE:FCU ) does use debt in its business. But the more important question is: how much risk is that debt creating? Why Does Debt Bring Risk?

Generally speaking, debt only becomes a real problem when a company can’t easily pay it off, either by raising capital or with its own cash flow. If things get really bad, the lenders can take control of the business. However, a more usual (but still expensive) situation is where a company must dilute […]

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Drilling at Deep Yellow’s Tumas uranium project in Namibia. Credit: File Aspiring uranium producer Deep Yellow has delivered a key cog in its push to bring the Tumas uranium project in Namibia into production with a cracking 102 per cent conversion of inferred resources to the higher “indicated” category at its Tumas 1 East deposit. Management says the company is now in good shape to meet its objective of a 20 year or more mine life for the multi-deposit project.

The maiden indicated resource for Tumas 1 East takes in an impressive 36.27 million tonnes at 245 parts per million uranium oxide for 19.6 million pounds of contained yellow cake, using a 100ppm uranium oxide cut-off grade.

Tumas 1 East now totals 55.69Mt at 235ppm uranium oxide for nearly 29 million pounds of the sometimes controversial commodity, including the remaining inferred resources.

Curiously, management says so far only around 65 per cent […]

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Boss Energy ASX BOE seismic survey technique Honeymoon uranium project Australian explorer Boss Energy (ASX: BOE) has confirmed it will trial a seismic reflection program as part of a strategy to grow the inventory at its Honeymoon uranium project in South Australia.

The program is designed to identify likely uranium-bearing sediments within known mineralised palaeochannels at the project ahead of a drilling campaign scheduled to start in the coming quarter.

While reportedly ubiquitous in oil exploration, seismic surveying is relatively novel in the exploration of shallow mineral deposits. Low cost and low impact

Boss recognised the potential advantages offered by seismic methods in 2019 and began adopting them due to their low cost, low impact and speedy approach to exploration.Utilising seismic datasets with existing geoscientific information, the company plans to reduce the number of drill holes required to locate additional resources within pre-defined exploration targets at Honeymoon, allowing for streamlining of […]

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Morgan Stanley is tipping a short-term (spot market) uranium price of $US48.50/lb in 2024, with long term contracts far higher. A fresh wave of optimism is washing across Australian uranium explorers as nuclear power stakes a claim in the drive to decarbonise the world, but a second wave of genuine demand from power utilities is required to make the recovery stick.

There’s a lot in that opening comment which is based on the sharp share price rises by most uranium explorers with stocks such as Deep Yellow, Boss Energy, Elevate Uranium and Lotus Resources up by more than 50% since January.

The first point to consider is that the uranium industry has been here before, tantalising investors with spectacular price rises, such as the three-year boom from 2005 to 2008 when the price rocketed up by more than 400% from US$34 a pound to US$140/lb.

Then, a crisis in Japan dented confidence […]

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Cameco (TSX:CCO) (NYSE:CCO) is one of the largest uranium producers in the world based out of Canada and could be significantly undervalued at current market prices.. Well-positioned to benefit from the global commodity boom

The COVID-19 pandemic has disrupted global uranium production , adding to the supply curtailments that have occurred in the industry for many years. The duration and extent of these disruptions are still not fully known. However, Cameco appears very well-positioned to benefit from the global commodity boom. Increasing focus on electrification

The average uranium spot price ended fiscal 2020 at $30.20 per pound more than 20% higher than the average uranium spot price at the end of 2019. Across the globe, there appears to be an increasing focus on electrification for various reasons. Some countries looking to install baseload power, while others are looking for a reliable replacement for fossil fuel sources. Need for nuclear […]

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The assay results were taken from Valor’s recently completed on-ground field program at Hook Lake, a Canadian uranium project it holds a right to earn an 80% interest in. Valor Resources Ltd ( ASX:VAL ) shares are up 50% after returning several high-grade uranium, silver, lead and rare earth results from a field program at the Hook Lake Project in central Canada’s Athabasca Basin.

Sampling results included an outcrop of uranium mineralisation grading up to 59% triuranium oxide (U3O8), as well as rare earth materials with grades more than 5% total rare earth oxides (TREO).

The field program was part of a review across the entire Hook Lake Project, examining its rare earth and molybdenum potential.

Sampling results from the Hook Lake Zone S prospect included: 59.2% U3O8, 499 g/t silver, 5.05% TREO and 14.4% lead (float) with the TREO including 11,797ppm Nd2O3 + Pr6O11 and 1,825ppm Dy2O3; 57.4% U3O8, 507 g/t […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Baselode Energy Corp. is pleased to announce the closing of a first tranche of a non-brokered private placement . Under the first tranche, the Company sold 7,627,704 flow-through units of the Company at a price of C$0.48 per FT Unit for gross proceeds to the Company of C$3,661,298 . Each FT Unit will consist of one …

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

Baselode Energy Corp. (“Baselode” or the “Company”) ( TSXV: FIND ) (OTCQB: BSENF) is pleased to announce the closing of a first tranche of a non-brokered private placement (the “Offering”). Under the first tranche, the Company sold 7,627,704 flow-through units of the Company (the “FT Units”) at a price of C$0.48 per FT Unit for gross proceeds to the Company of C$3,661,298 […]

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August 30, 2021 (Investorideas.com Newswire) The contents of the preliminary economic assessment on Azarga Uranium’s Gas Hills asset and uranium prices are discussed in a Fundamental Research Corp. report. In an Aug. 24 research note, analyst Sid Rajeev reported that Fundamental Research Corp. increased its fair target price on Azarga Uranium Corp. (AZZ:TSX; AZZUF:OTCQB) to CA$1.11 per share from CA$1.03 after the uranium firm released a "robust" preliminary economic assessment (PEA) for its Gas Hills project in Wyoming.

"The PEA confirmed our assumption that Gas Hills can be a satellite project of the company’s flagship Dewey Burdock project in South Dakota," Rajeev wrote.

The analyst reviewed the PEA. It outlined a satellite-model operation producing 1 million pounds of uranium per year over a seven-year mine life. Processing will take place at a facility on the Dewey Burdock property.

As for Gas Hills costs, initial capex required is an estimated US$26 million ($26M), […]

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Pic: Giphy share

Okapi Resources is officially in the uranium game, having finalised the acquisition of Tallahassee Resources and its suite of large, high grade US projects.

Okapi (ASX:OKR) announced its shift into US uranium last month with acquisition of Tallahassee, the owner of the Tallahassee uranium project in Colorado where a JORC 2004 resource indicates there is 26 million pounds of uranium oxide at a grade of 540 parts per million lying in wait.

The project also has significant exploration upside, and its acquisition comes at a time when the overarching uranium narrative is improving on the back of nuclear’s seemingly essential role in providing essential baseload power in a green energy future.As the price of the commodity approaches five-year highs , Okapi has set off on high impact fieldwork programs. It has also added geologist Ben Vallerine as a technical director, bringing considerable US uranium experience to […]

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The existing Ambassador trial pit is set to be expanded Energy Minerals > Energy-minerals-news

The Western Australian Department of Mines Industry Regulation and Safety has ticked off on Vimy’s project management plan, is one of three state government departmental approvals required to develop the mine.

It still requires main works approval, and for its mining proposal and mine closure plan to be a ticked off, with the company recently providing additional material relating to the in-pit tailings and mine closure to the regulator.

A resolution to native title issues is also outstanding.Vimy has already appointed a registered manager to supervise the project, and has commenced mobilising its field crew to support early site works at Mulga Rock, recently reopening the camp to support short-term goals such as upgrading access roads, installing infrastructure such as communications and water bores, and undertaking the initial cutback of the existing Ambassador North pit.The company’s […]

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In an Aug. 24 research note, analyst Sid Rajeev reported that Fundamental Research Corp. increased its fair target price on Azarga Uranium Corp. (AZZ:TSX; AZZUF:OTCQB) to CA$1.11 per share from CA$1.03 after the uranium firm released a "robust" preliminary economic assessment (PEA) for its Gas Hills project in Wyoming.

"The PEA confirmed our assumption that Gas Hills can be a satellite project of the company’s flagship Dewey Burdock project in South Dakota," Rajeev wrote.

The analyst reviewed the PEA. It outlined a satellite-model operation producing 1 million pounds of uranium per year over a seven-year mine life. Processing will take place at a facility on the Dewey Burdock property.

As for Gas Hills costs, initial capex required is an estimated US$26 million ($26M), a low amount according to Rajeev. Cash operating costs are forecasted to be US$11.52 per pound and sustaining costs, US$9.07 per pound. All PEA figures are based on a […]

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Energy Fuels Inc (NYSE: UUUU) shares gained 5.76%, or $0.28 per share, to close Friday at $5.14. After opening the day at $4.88, shares of Energy Fuels fluctuated between $5.21 and $4.88. 2,733,047 shares traded hands an increase from their 30 day average of 2,056,938. Friday’s activity brought Energy Fuels’s market cap to $690,466,238.

Energy Fuels is headquartered in Lakewood, Colorado.. About Energy Fuels Inc

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and expects to commence commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (‘ISR’) Project in […]

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(TheNewswire) The Company Mourns the Death of Colin Macdonald, UEX Founding Director

Saskatoon, Saskatchewan – TheNewswire – August 26, 2021 – UEX Corporation (TSX:UEX) (OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce the commencement of the Christie Lake Fall 2021 exploration drill program. The Christie Lake Project is a joint venture between UEX with a 65.55% ownership stake and JCU (Canada) Exploration Company, Limited (“JCU”) with a 34.45% interest (JCU is 50% owned by UEX and 50% by Denison Mines Corp.). The Christie Lake Project is located in the eastern Athabasca Basin of northern Saskatchewan (see Figure 1) immediately north and along strike of the McArthur River Uranium Mine.

The Fall drill program will focus on drill testing exploration targets along the Yalowega Trend Fault in the Orora North area to follow up the encouraging results of the 2020 drill program that intersected anomalous uranium geochemistry, faulting and indicative […]

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Energy Fuels Inc (NYSE: UUUU) shares fell 1.62%, or $0.08 per share, to close Thursday at $4.86. After opening the day at $4.92, shares of Energy Fuels fluctuated between $5.11 and $4.80. 1,796,493 shares traded hands a decrease from their 30 day average of 2,094,670. Thursday’s activity brought Energy Fuels’s market cap to $652,853,292.

Energy Fuels is headquartered in Lakewood, Colorado.. About Energy Fuels Inc

Energy Fuels is a leading U.S.-based uranium mining company, supplying U3O8 to major nuclear utilities. Energy Fuels also produces vanadium from certain of its projects, as market conditions warrant, and expects to commence commercial production of REE carbonate in 2021. Its corporate offices are in Lakewood, Colorado, near Denver, and all of its assets and employees are in the United States. Energy Fuels holds three of America’s key uranium production centers: the White Mesa Mill in Utah, the Nichols Ranch in-situ recovery (‘ISR’) Project in […]

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