DigitalGlobe Uranium prices have climbed 60% in four weeks as an investment fund embarked on a buying spree.

Morgan Stanley commodity strategists say it may be hard to maintain robust investment demand into 2022.

The Sprott Physical Uranium Trust has purchased a massive 1.45 million pounds since mid-August.

Uranium prices have shot up about 60% over the past month on the back of big purchases of the nuclear-energy element by an investment fund, but the rally is likely to lose steam next year, Morgan Stanley said this week.Spot prices for uranium were at 2021 lows in August before they started advancing toward what’s become a 58% gain in four weeks. The price traded above $47 on Friday and this week touched $50 for the first time since 2012, according to S&P Global Platts. Morgan Stanley’s commodity strategists in Europe said the Sprott Physical Uranium Trust is […]

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Uranium prices have climbed 60% in four weeks as an investment fund embarked on a buying spree.

Morgan Stanley commodity strategists say it may be hard to maintain robust investment demand into 2022.

The Sprott Physical Uranium Trust has purchased a massive 1.45 million pounds since mid-August.

Uranium prices have shot up about 60% over the past month on the back of big purchases of the nuclear-energy element by an investment fund, but the rally is likely to lose steam next year, Morgan Stanley said this week. Spot prices for uranium were at 2021 lows in August before they started advancing toward what’s become a 58% gain in four weeks. The price traded above $47 on Friday and this week touched $50 for the first time since 2012, according to S&P Global Platts. Morgan Stanley’s commodity strategists in Europe said the Sprott Physical Uranium Trust is […]

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The Canadian firm behind the world’s only physical uranium fund said hedge funds and family offices are driving up demand for the radioactive metal used to fuel nuclear reactors.

The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks after snapping up 8.1 million pounds of the commodity as prices surged. Uranium has soared 40% this month, putting pressure on utility owners and other users when supplies are dwindling and demand is poised to take off with more reactors being built around the world.

“I don’t think we’re crowding them out,” said John Ciampaglia, chief executive officer of Sprott Asset Management, which oversees the trust. “You’ve got end users that are trying to buy materials, you’ve got speculators and financial intermediaries in the market as well.” Investment demand from non-utility buyers such as hedge funds and family offices has been strong […]

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Top uranium miner Kazatomprom said it may supply the metal to Sprott Inc. , the investment firm whose aggressive bets on the market have helped drive a surge in prices.

“We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested in uranium, from the Middle East to Singapore and Hong Kong, he said.

The radioactive metal, used to fuel nuclear plants, has soared to the highest price since 2014 due in part to Sprott’s buying spree. The firm’s physical uranium fund has boosted its stockpile by 45% in four weeks, potentially tightening the market and putting pressure on utilities and other consumers.

Any contract with Sprott will reflect Kazatomprom’s long-term view of supply and demand, Batyrbayev said. It would be for deliveries starting in 2022, since the miner will be buying from the market this […]

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In a September 1 research note, David A. Talbot MD, Mining Analyst at Red Cloud Securities Inc. commented that Saskatchewan-focused uranium and thorium exploration company

Skyharbour Resources Ltd.’s (SYH:TSX.V; SA:NYSE.MKT) partner Valor Resources Ltd.. (VAL:ASX) recently reported high-grade samples from its Athabasca Basin Hook Lake uranium project.

The analyst indicated that Valor owns 80% earn-interest option rights in the projects which Red Cloud Securities believes is quite positive due to the confirmed high-grade uranium and rare earth and high-grade base metals found at the site.

The Hook Lake property includes 18 different target areas which show potential for new high-grade discoveries. Red Cloud noted that it sees upside re-rating opportunities for Skyharbour as a result of both the completion of the earn-in agreement and as the company continues to register further successful exploration activities at its flagship Moore Lake project where it is presently conducting a 5,000 m of drill program.The […]

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What happened

Shares of uranium stocks were on fire this week as uranium spot prices continued a steady rise. According to data by Markets Insider, the spot price of uranium is up 65.5% so far this year and has risen from $42.40 per pound to close last week to $49.65 as I’m writing. This has suddenly become a hot commodity in the energy industry .

Uranium Royalty (NASDAQ: UROY) led the way by climbing 36.6% from the close of trading last Friday to the market close Thursday night. Ur-Energy (NYSEMKT: URG) jumped 9% over the same time frame and Energy Fuels (NYSEMKT: UUUU) was up 6.9%. The three stocks had a maximum intra-week gain of 52%, 17.5%, and 17.8%, but gave back some of that by the end of the week. So what

The Sprott Physical Uranium Trust (OTC: SRUU.F) got approval to expand its at-the-market equity […]

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What happened

After enjoying a nice run-up earlier in the week, uranium stocks melted down on Friday. As of 3:30 p.m. EDT, shares of uranium mining company Energy Fuels ( NYSEMKT:UUUU ) are down 10%, NexGen Energy ( NYSEMKT:NXE ) is off 10.2%, and Uranium Energy ( NYSEMKT:UEC ) is suffering worst of all — down 12.1%.

The funny thing is, there doesn’t appear to be an obvious reason for the sell-off. Image source: Getty Images. So what

To the contrary, this morning shares of two of the bigger names in uranium mining, Denison Mines ( NYSEMKT:DNN ) and Cameco ( NYSE:CCJ ), both got a lift from Wall Street when investment bank Raymond James assigned higher price targets to each: C$2.40 for Denison and C$34 for Cameco.That should have been good news for peer uranium stocks like Energy Fuels, NexGen, and Uranium Energy — but apparently wasn’t.At the same […]

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In normal times, uranium is a pretty boring investment. The province of nerdy commodity traders and utilities, as much as 80% of ore gets sold through long-term contracts to nuclear power plants. There’s almost no uranium futures trading, there are no extreme libertarians calling for abandoning cash and adopting a uranium standard.

Suddenly, though, the rods are heating up. A viral twist has sent uranium prices and stocks through the roof this week and a handful of specialist hedge funds making bank from the critical mass. Nuclear Grade Payoff

Uranium prices spent years in the tank after the Fukushima disaster in 2011. Germany and Japan shut down reactors over safety concerns, leaving demand in freefall. But bullish supporters remained, arguing that CO2-free […]

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The Canadian firm behind the world’s only physical uranium fund said hedge funds and family offices are driving up demand for the radioactive metal used to fuel nuclear reactors.

The Sprott Physical Uranium Trust has itself been on a buying spree, bolstering its stockpile by 45% in four weeks after snapping up 8.1 million pounds of the commodity as prices surged. Uranium has soared 40% this month, putting pressure on utility owners and other users when supplies are dwindling and demand is poised to take off with more reactors being built around the world. “I don’t think we’re crowding them out,” said John Ciampaglia , CEO of Sprott Asset Management, which oversees the trust. “You’ve got end users that are trying to buy materials, you’ve got speculators and financial intermediaries in the market as well.”

Investment demand from non-utility buyers such as hedge funds and family offices has been strong this […]

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

VANCOUVER – Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the ‘Company’ or ‘Megawatt’) has decided to accelerate developing the uranium potential at its Artic Fox and Isbjorn Projects in Northern Territory, Australia.

This follows the receipt of an interim report from the geology team highlighting the significant uranium potential within both properties based on reconciling high-grade historical surface readings with observations following the recent field reconnaissance and sampling program.

The Board has decided that developing the uranium and rare earth element potential of both properties concurrently can potentially create significant incremental shareholder value. Moreover, this decision is timely as it coincides with rapidly improving fundamentals for the uranium sector which has propelled the contract price to multi-year highs. Further, the Northern Territory government is pro-uranium mining – a stance which it has maintained since 1953.

Cyclical upturn for uraniumMegawatt’s Board notes that over the past 15-months, […]

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What happened

Uranium stocks took off yet again on Wednesday, with some stocks rallying to dizzying heights during the day. Here’s how the top performers closed Sept. 15:

One move from Uranium Royalty and a big analyst upgrade on Cameco ( NYSE:CCJ ) shares sent stocks across the board surging. So what

On Sept. 15, Uranium Royalty announced it had entered into three contracts to purchase 300,000 pounds of key uranium compound in the spot market at an average price of $38.17 per pound for cash, with deliveries expected in September-October. Uranium spot price was hovering around $45 per pound on Sept. 14.Why is that good news for the uranium market then, you may ask, if Uranium Royalty will buy uranium at prices substantially below spot price?Well, the dynamics of the uranium industry is such right now that any purchase is expected to strengthen the market and support uranium prices. […]

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Reddit investors bet uranium will go nuclear

Prices of uranium and companies that mine the radioactive element are surging as Reddit investors place bets that nuclear power could be the next big clean energy source.

Uranium, which does not trade on public markets, reached a nine-year high on 15 September at $48 per pound, up $5 or 11.6%, in just two days, according to S&P.

The price increase in the commodity itself was driven by Sprott Physical Uranium Trust, a Toronto-listed exchange-traded fund (ETF) that gives investors direct exposure to the metal. The fund bought 850,000 pounds of nuclear fuel last week, 1.4 million pounds the week before that and holds more than 26 million pounds since launching in July, reported Fortune.All that buying added around 3% to global demand, according to analysts at Bank of America . Reddit run Reddit users that backed shares of GameStop and AMC Entertainment have set […]

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Uranium prices hit 5-year high in September

Uranium prices have run wild in the last month, with the commodity trading 36.3% higher in that period, last hovering around the $44.90 mark. That marks a five year high for the often overlooked commodity, which traded below the $20 mark in 2016.

This has corresponded to significant buying activity in global and in particular, ASX-listed uranium stocks, with the likes of Paladin Energy gaining 112% in the last month alone.

What’s the catalyst behind this latest surge? According to IG’s Senior Market Analyst, Joshua Mahony:‘This largely illiquid market has been influenced heavily by the Sprott Physical Uranium Trust, which is providing major demand into a market that takes little to move price. The sheer size of Sprott’s other precious metal trusts highlights the potential impact it could have upon uranium prices.’Looking ahead, Mr Mahony pointed out that that:‘In total the Sprott trusts total […]

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"Company") is pleased to announce the appointment of John Griffith to the board of directors of URC.

Amir Adnani, Chairman, commented: "On behalf of the board and the URC team, we are delighted to welcome John to the Uranium Royalty team. Having successfully advised on more than $60 billion of successful mining transactions as the former Head of Bank of America’s Metals and Mining Investment Banking, John brings with him a wealth of experience that will be invaluable in supporting the Company’s ongoing growth strategy".

Mr. Griffith is a former Managing Director and the Head of Americas Metals & Mining Investment Banking for Bank of America (2006-2020). He brings with him nearly 30 years of experience in the financial services sector, spanning three continents, including 26 years of global investment banking expertise.

John’s global landmark transaction was representing Goldcorp in its merger with Newmont Mining in 2019. Other notable advisory […]

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Spot prices are around US$49/lb today and are rapidly closing in on that magical number — $US60/lb . Thats when many of the next crop of producers will become viable. Boss Energy (ASX:BOE) is now moving to finalise key aspects of the design and final equipment selection, which will lead into a Final Investment Decision (FID) for the Honeymoon uranium project in South Australia. “We are making project preparations on several fronts to ensure we can capitalise on the rapidly turning uranium market at the moment of our choosing,” CEO Duncan Craib said.

“We are already the most advanced of all the non-producing Australian uranium projects, with a production plant and key infrastructure in place.

“By making these preparations now, we are ensuring Boss is on track to be Australia’s next uranium producer.” JV deal could boost US’s lithium supply chain

How hot is lithium right now? The Rhyolite Ridge lithium-boron […]

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ASX uranium shares are going nuclear after uranium spot prices jumped to 9-year highs of US$48/lb according to S&P Global Platts. A month ago, uranium was fetching for just ~US$30/lb. ASX uranium shares going parabolic

The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) has surged 115% to fresh 9-year highs in the past month. The gains have tricked all the way down to small cap explorers such as 92 Energy Ltd (ASX: 92E) and Peninsula Energy Ltd (ASX: PEN) , which have both more than doubled since August.

Even after a 60% jump in uranium prices, some analysts think that the uranium market has more legs to run. What’s driving uranium?

The recent jump in ASX uranium shares and spot prices has largely been driven by Sprott Inc’s Physical Uranium Trust, listed on Canada’s Toronto stock exchange.The fund has been actively buying physical uranium off the spot market, […]

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The ASX 200 edged higher in a steady day of trade, as local markets largely shrugged off more falls in Hong Kong and Tokyo. The microcap Emerging Index traded flat, while the ASX 200 Energy index continued its strong week as bullish sentiment forms around oil prices. More ASX uranium stocks continued to move higher, as the yellowcake frenzy intensifies with spot uranium prices marched onwards toward ~US$50 per pound.

US stock futures lacked direction in Asian trade, pointing slightly lower ahead of the Wall Street open. The Aussie dollar came under some downside pressure but is still holding above US73c for now. TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort. TSC Twenty Seven Co. Ltd 0.0075 87.5% 400,673,399 JPR Jupiter Energy 0.062 77.1% 30,043,653 ICE Icetana Limited 0.115 33.7% 694,776 GTR Gti Resources 0.045 32.4% 75,075,364 AGE Alligator Energy 0.1025 29.7% 115,909,826 PO3 Purifloh […]

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Summary

We look at a third way today to play the booming uranium market.

Uranium Royalty Corp. has right idea on how to play this complicated market.

We dissect out the most important thing that investors should look at before buying, i.e. valuation. I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » RapidEye/iStock via Getty Images We recently covered the ongoing uranium bull mania from two different angles. First, we looked at the passive method of investing via a uranium closed end trust ( OTCPK:SRUUF ). We then examined the more aggressive option of going long Cameco Corporation ( CCJ ). Today, we look at a third way, a passive aggressive way, if you will, to play this sector. Uranium Royalty Corp. ( UROY ) (TSX:URC) UROY is a company […]

Click here to view original web page at seekingalpha.com

All eyes are on ASX uranium shares today as the commodity’s spot price continues to rise amid a new international deal for nuclear-powered submarines. The price of uranium – a commodity needed to fuel nuclear reactors – has been soaring in recent weeks. According to data from CNBC , the price of uranium has gained more than 60% since this time last month.

As a result, ASX uranium stocks including Deep Yellow Limited (ASX: DYL) , Paladin Energy Ltd (ASX: PDN) , and Energy Resources of Australia Limited (ASX: ERA) , are on watch today. What’s causing the price of uranium to surge?

The price of uranium has been soaring in recent weeks, driving up the share prices of many ASX uranium shares.

S&P Global Platts reports the price of uranium is being driven higher by funds, investors, and producers increasing their holdings in the commodity.The publication notes some […]

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Plans to Break Ground for the Mine Portal On Schedule for Q1 2022 Global Atomic Corporation today provided an update on critical aspects of the Dasa Uranium Project in the Republic of Niger . Internal Review of the Feasibility Study the Company is currently engaged in an internal review of key elements of the FS the review provides the Company with the opportunity to audit key FS assumptions, ensure Dasa is an …

Plans to Break Ground for the Mine Portal On Schedule for Q1 2022

Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) today provided an update on critical aspects of the Dasa Uranium Project in the Republic of Niger . Internal Review of the Feasibility Study (“FS”) the Company is currently engaged in an internal review of key elements of the FS

the review provides the Company with the opportunity […]

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share

Monday was wild for ASX uranium stocks, with 21 ending the day on double digit percentage gains. Uranium investor sentiment is sky high. Every #ASX stock on our list, except one, is making gains in morning trade Monday. At least 20 of them are in double digits. $ERA $DLC $DYL $ACB $92E $EME $VMY $VAL $AGE https://t.co/GXKxHaamkl — Stockhead (@StockheadAU) September 13, 2021 The ASX uranium frenzy took a slight breather Tuesday, even as spot prices leapt another $US2/lb to +$US44/lb overnight.

That’s a nine-year high.

We are rapidly closing in on $US60/lb – the magic number many of the next crop of producers need to be viable.Legendary investor and Sprott director and shareholder Rick Rule is bullish on uranium.Uranium stocks? Not so much, especially in the short term.In a September 1 interview – prior to the latest share price explosion – Rule says he timed the market badly.“I got […]

Click here to view original web page at stockhead.com.au