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 […]

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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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The uranium space is going bonkers.

The spark has been the Sprott Physical Uranium Trust (SPUT), which started buying up physical uranium and taking it out of market circulation in August.

So far, this has pushed spot price to +6-year highs.SPUT has now massively upsized this buying program by ~$US1bn to $RUS1.3bn, and there could be more tailwinds to come, experts say. In case U’re wondering #Uranium traditionally enters a strong uptrend each year from October to March. This ‘Seasonality’ is driven primarily by #Nuclear reactor fuel buyers re-entering #U3O8 market with renewed budgets after a summer break. More tailwinds for U? pic.twitter.com/UrtAhZYs1s — John Quakes (@quakes99) September 12, 2021 Unsurprisingly, investor sentiment is sky high. Every stock on our list, except one, is making gains in morning trade Monday. At least 14 of them are in double digits. (Up on no news) Rio Tinto’s uranium business is in […]

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By Geoffrey Smith Investing.com — U.S. Democratic Party lawmakers flesh out their tax hike plans. Uranium is the new hot thing in commodities markets. U.S. stocks are set to rebound from last week’s losses as Apple rebounds and Covid-19 case numbers fall. That, along with extended outages in the Gulf of Mexico, is also pushing oil prices above $70 a barrel. Beijing still isn’t done with Alibaba (NYSE: BABA ) and Ant Group, and Oracle (NYSE: ORCL ) reports earnings after the close. Here’s what you need to know in financial markets on Monday, 13th September.

1. Dems flesh out tax plans

More details emerged about Democratic lawmakers’ plans to raise taxes, as the party looks for ways to fund its massive planned spending increases.

The Wall Street Journal reported that the Ways and Means Committee is set this week to discuss proposals that the rate of corporate income tax […]

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ASX uranium shares are surging on Monday as spot prices boom to above US$40/lb for the first time in 8-years. ASX uranium shares deliver double-digit gains across the board

The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) is up 15% to 98 cents. Paladin owns the “globally significant” Langer Heinrich Mine in Namibia and is currently working towards restarting its operations. Deep Yellow Limited (ASX: DYL) is another Namibian based player focused on progressing its prospective Tumas project. The Deep Yellow share price is currently 25.65% higher to an 8-year high of $1.20.

Peninsula Energy Ltd (ASX: PEN) made a strategic move to raise $15 million in May to purchase 300,000 pounds of uranium at US$31.35/lb. In addition to holding physical uranium, the company is looking to fast-track its US-based Lance Uranium project into production. At the time of writing, the Peninsula share price is up 25% […]

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The S&P/TSX Composite Index (INDEXTSI: OSPTX ) opened lower last Friday (September 10) and was trading at 20,717.51 by midday. It closed the period at 20,635.88.

The index recorded a weekly loss despite a bounce in oil stocks.

Gold and silver were also on course for a weekly decline last Friday, as uncertainty over the US Federal Reserve’s tapering timeline had many market participants waiting on the sidelines. Uranium Price Forecasts and Top Uranium Stocks to Watch Uranium Soared Last Year While Other Resources Tumbled

What’s In Store For Uranium This Year? Find Out In Our Exclusive FREE 2021 Uranium Outlook Report featuring trends, forecasts, expert interviews and more! Last week’s five TSX-listed mining stocks that saw the biggest gains are as follows: Fission Uranium (TSX:FCU) i-80 Gold (TSX: IAU ) Orosur Mining (TSX: OMI ) Southgobi Resources (TSX: SGQ ) Touchstone Exploration (TSX: TXP ) Here’s a […]

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ASX uranium shares are in the spotlight as uranium prices reach 7-year highs. Uranium traded as low as US$20 (AU$27) per pound in the aftermath of the tsunami-driven meltdown at Japan’s Fukushima nuclear power plant on 11 March 2011. Today the spot price has more than doubled, to just over US$40 per pound. This has clearly offered a welcome tailwind to leading ASX uranium shares, like Paladin Energy Ltd (ASX: PDN) and Boss Energy Ltd (ASX: BOE) .

The Paladin share price is up 571% over the past 12 months. And this for a company with a market cap of $2.3 billion.

Mid-cap competitor Boss Energy’s shares have soared 250% higher over that same time. Why are uranium prices rising?

Analysts broadly point to 2 forces working to push uranium prices higher.First, uranium fuelled nuclear power emits a tiny amount of carbon compared to fossil fuel fired power plants. And they […]

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Sprott Physical Uranium Trust has increased its equity offer to US$1.3 billion to continue its uranium buying spree. Sprott Physical Uranium Trust, the world’s largest fund holding actual uranium rather than futures contracts, is swiftly driving the commodity’s price upwards as it attempts to corner the market.

Investment firm Sprott Asset Management launched its Physical Uranium Trust earlier this year with the intention to buy and hold physical uranium ore. The trust listed on the Toronto Stock Exchange in July and as expected, spurred demand for physical uranium with the commodity’s price surging as a result.

Sprott’s website shows it has now accumulated more than 24 million pounds of uranium after a recent buying spree that has included purchasing more than 500,000lbs in a single day.

The fund then announced in a filing on Friday that it is increasing the amount available under its at-the-market equity program by US$1 billion (A$1.36 billion) […]

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Pic: The Simpsons, 20th Century Fox. share

With the iron ore price continuing to circle the US$130/t mark it was the other commodities that did the heavy lifting for the materials sector today.

Gold miners were strong performers, with Evolution Mining (ASX:EVN) , OZ Minerals (ASX:OZL) and Northern Star Resources (ASX:NST) all among the top large cap performers on the ASX.

Rare earths miner Lynas (ASX:LYC) was also up on no news, gaining around 5%. The company has more than doubled its value in the past year as it swung from a $19 million loss to a $157 million profit on rising prices for critical minerals.But it was lithium and uranium, the two hottest metals on the market at the moment, that led the gains. Pilbara Minerals (ASX:PLS) was the champion large cap stock with its shares climbing more than 7%, adding to its near 600% jump over the past 12 […]

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Michael Goldberg is the founder and managing director of Collins St Asset Management. The fund is consistently in the top three performers Australia-wide, based on quarterly data collated in the Mercer Investment Survey. In this Stockhead series, Goldberg provides his unique insights on broader market trends, investment ideas and which sectors the Collins St fund is allocating capital to. Global markets

What’s my view on the current juncture in post-COVID markets?

Broadly speaking, I don’t have a view because markets at these levels scare me more often than not, and by some metrics it looks expensive.But when push comes to shove, our core investing approach never changes and that’s looking for quality companies that are unloved or sliding under the radar.I look at the market right now and it’s trading at about 21x earnings. Sure, rates are low and that may explain some of it but against a […]

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Sampling of historical workings at the REX project. Pic: Supplied share

Delecta has started a series of sampling and mapping programs at its REX uranium project in Colorado as sentiment in the uranium sector improves.

Uranium prices have been ramping up recently after the Sprott Physical Uranium Trust started buying up physical uranium .

With physical yellowcake being squirreled away for the long term, spot prices have climbed to about US$42.40 per pound, well above five-year highs and putting it within reach of even exceeding Morgan Stanley’s April forecast that prices could hit US$48/lb by 2024.Given this positive environment, Delecta (ASX:DLC) has made the straightforward decision to resume exploration at REX with sampling of surface outcrops and selected underground workings already identifying visible uranium mineralisation.Initial sampling carried out last year had returned high-grade uranium and vanadium results with 12 samples returning an average grade of 2,246 parts per million (ppm) […]

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This week’s update starts off with uranium for a change — and for good reason.

Prices have recently jumped to the highest level seen in six years, with the increase largely attributed to buying from the Sprott Physical Uranium Trust (TSX: U.UN ).

The trust was designed to provide exposure to physical uranium, and has been a major topic of conversation since its launch this past the summer. Silver Outlook 2021 Silver Price Forecast – What Happened And Where Do We Go From Here?

Our Jam-Packed FREE Silver Report Highlights Key Insights, Exclusive Interviews And Promising Stock Picks! As Adam Rozencwajg of Goehring & Rozencwajg explained to me, buying from the trust is exacerbating an already tight supply/demand balance in the sector, and he expects even higher future prices. “We’ve been running a massive deficit of primary uranium for the last two years, and I think that now it’s going […]

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