What happened

Uranium mining stock Cameco ( NYSE:CCJ ) was on fire this week, gaining 24.2% as of 2:30 p.m. EDT Friday, making it one of the biggest weekly gains for the stock so far this year.

There’s so much happening in the uranium industry that bulls in Cameco haven’t been this excited in a long time. So what

To start, Cameco shares won two big analyst upgrades this week. Image source: Getty Images. RBC Capital raised its price target on Cameco significantly to 26 Canadian dollars ($21) per share from CA$17 ($14) per share, backed by rising uranium spot prices and improving sentiment in the uranium industry.Just days ago, GLJ Research increased its price target on Cameco stock to CA$38 ($30) a share from CA$27 ($21) a share. GLJ believes entry of exchange-traded fund (ETF) The Sprott Physical Uranium Trust Fund ( OTC:SRUU.F ) into the industry is a […]

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

What happened

Uranium mining stock Cameco (NYSE: CCJ) was on fire this week, gaining 24.2% as of 2:30 p.m. EDT Friday, making it one of the biggest weekly gains for the stock so far this year.

There’s so much happening in the uranium industry that bulls in Cameco haven’t been this excited in a long time. So what

To start, Cameco shares won two big analyst upgrades this week. RBC Capital raised its price target on Cameco significantly to 26 Canadian dollars ($21) per share from CA$17 ($14) per share, backed by rising uranium spot prices and improving sentiment in the uranium industry. Just days ago, GLJ Research increased its price target on Cameco stock to CA$38 ($30) a share from CA$27 ($21) a share. GLJ believes entry of exchange-traded fund (ETF) The Sprott Physical Uranium Trust Fund (OTC: SRUU.F) into the industry is a massive potential catalyst.I second the […]

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

The ASX closed the week on a positive note, gaining 0.50% to close 1.4% higher than last week. The ASX 200 closed at 7,523 while the ASX Emerging Companies Index rose 2.09% to close at 2,431. Most sectors closed positive with materials the best sector gaining 1.17% while tech was the only major laggard, retreating 0.76%. TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort. 92E 92Energy 0.51 65 21968331 GLA Gladiator Resources 0.032 23 14899941 ASX investors woke this morning to news that the spot uranium price went above US$37/lb for the first time in six years.

Literally all of the ASX’s uranium stocks gained with the best being 92Energy (ASX:92E) which gained over 60%.

Ballymore Resources (ASX:BMR) , a Queensland focused gold and base metals exploration company, rose 75% on its ASX debut . TODAY’S BIGGEST LOSERS Scroll or swipe to reveal table. Click […]

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

ASX uranium shares are surging across the board this week, as uranium spot prices lift to 6-year highs of US$34.25/lb.

The largest of the ASX uranium shares, Paladin Energy Ltd (ASX: PDN) has rallied 56% over the past week to an 8-year high of 78 cents.

Explorers including Deep Yellow Limited (ASX: DYL) , Boss Energy Ltd (ASX: BOE) , Energy Resources of Australia Limited (ASX: ERA) and Peninsula Energy Ltd (ASX: PEN) have also experienced a flurry of buying activity, surging between 20% and 40% this week. The newest of all ASX uranium shares, 92 Energy Ltd (ASX: 92E) is another big winner, surging 104% this week to 51 cents. The uranium explorer was successfully listed on the ASX on 15 April at a listing price of 20 cents. Uranium prices lift to 6-year highs

Uranium prices have been in a prolonged bear market after spot prices peaked at […]

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

Summary

Since the last article, the company posted good quarterly results and interesting updates on HALEU project.

In June 2021, they received the final approval for HALEU production in the US, the first license ever for this special nuclear fuel.

Management looks quite conservative on estimates on both LEU and HALEU segments but is optimistic about economies of scale on the new Ohio enrichment facility. The stock moved considerably higher since the last article but it is still a buy and represents a bet on the future of the nuclear industry. vchal/iStock via Getty Images General overview and updates on the business Centrus Energy ( LEU ) is a US-based nuclear fuel seller. It provides LEU (Low Essay Uranium) for traditional reactors and is on track to start the production of HALEU (High-essay-low-enriched-uranium), which will be used in the next generation of nuclear reactors in the US (more on […]

Click here to view original web page at seekingalpha.com

Pic: John M Lund Photography (DigitalVision) via Getty Images. share

Uranium is going gangbusters right now.

The spot uranium price has pushed past $35/lb for first time in six years thanks to the Sprott Physical Uranium Trust (SPUT) sparking the lift when it started buying up and storing physical uranium. Stocks are responding. How are uranium stocks on the ASX tracking today?

A whopping 14 out of the 15 ASX uranium stocks on out list enjoyed a share price lift today, averaging around 14%. BIGGEST MOVERS The freshly listed uranium explorer has a market cap of $18million and wants to unlock the potential of its tenements in Canada’s Athabasca Basin, just 11km from Cigar Lake — one of the world’s largest and highest-grade uranium deposits.A recent survey over its ‘Tower’ and ‘Gemini’ projects has identified multiple conductors prospective for high-grade, unconformity-type uranium.The company has just intersected a zone of elevated […]

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

CEO Daniel Major said Vilela’s “experience and insights make her ideally suited” to support the firm’s investor relations program and grow the shareholder base as the company advances its uranium projects Vilela will work closely with the management team to develop the company’s internal and external communications with a focus on strategy, branding, social media presence and investor communications GoviEx Uranium Inc. announced that it has appointed Isabel Vilela as Head of Investor Relations and Corporate Communications to grow the company’s shareholder base as it advances its uranium projects in a strengthening uranium market.

The Vancouver-based mineral resource company, focused on the exploration and development of uranium properties in Africa, noted that Vilela brings with her over ten years of experience in investor relations, having previously worked as head of IR for Hochschild Mining PLC and Cookson Group PLC. She also has a wealth of experience in Environmental, Social, and […]

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

ASX uranium shares are surging across the board this week, as uranium spot prices lift to 6-year highs of US$34.25/lb.

The largest of the ASX uranium shares, Paladin Energy Ltd (ASX: PDN) has rallied 56% over the past week to an 8-year high of 78 cents.

Explorers including Deep Yellow Limited (ASX: DYL) , Boss Energy Ltd (ASX: BOE) , Energy Resources of Australia Limited (ASX: ERA) and Peninsula Energy Ltd (ASX: PEN) have also experienced a flurry of buying activity, surging between 20% and 40% this week. The newest of all ASX uranium shares, 92 Energy Ltd (ASX: 92E) is another big winner, surging 104% this week to 51 cents. The uranium explorer was successfully listed on the ASX on 15 April at a listing price of 20 cents. Uranium prices lift to 6-year highs

Uranium prices have been in a prolonged bear market after spot prices peaked at […]

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

The ASX closed the week on a positive note, gaining 0.50% to close 1.4% higher than last week. The ASX 200 closed at 7,523 while the ASX Emerging Companies Index rose 2.09% to close at 2,431. Most sectors closed positive with materials the best sector gaining 1.17% while tech was the only major laggard, retreating 0.76%. TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort. 92E 92Energy 0.51 65 21968331 GLA Gladiator Resources 0.032 23 14899941 ASX investors woke this morning to news that the spot uranium price went above US$37/lb for the first time in six years.

Literally all of the ASX’s uranium stocks gained with the best being 92Energy (ASX:92E) which gained over 60%.

Ballymore Resources (ASX:BMR) , a Queensland focused gold and base metals exploration company, rose 75% on its ASX debut . TODAY’S BIGGEST LOSERS Scroll or swipe to reveal table. Click […]

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

Yeap there’s uranium all right Pic: Family Guy/Fox Television share

The ASX closed the week on a positive note, gaining 0.50% to close 1.4% higher than last week.

The ASX 200 closed at 7,523 while the ASX Emerging Companies Index rose 2.09% to close at 2,431.

Most sectors closed positive with materials the best sector gaining 1.17% while tech was the only major laggard, retreating 0.76%. TODAY’S BIGGEST WINNERS Scroll or swipe to reveal table. Click headings to sort. ASX investors woke this morning to news that the spot uranium price went above US$37/lb for the first time in six years.Literally all of the ASX’s uranium stocks gained with the best being 92Energy (ASX:92E) which gained over 60%. Ballymore Resources (ASX:BMR) , a Queensland focused gold and base metals exploration company, rose 75% on its ASX debut . TODAY’S BIGGEST LOSERS Scroll or swipe to reveal table. Click headings to sort. […]

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

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 […]

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

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 […]

Click here to view original web page at investorintel.com

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 […]

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

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 […]

Click here to view original web page at simplywall.st

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 […]

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

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 […]

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

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 […]

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

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 […]

Click here to view original web page at www.fool.ca