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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Uranium concentrate SIBANYE -Stillwater may separately list its uranium assets depending on studies the precious metals company is currently assessing.

The company said in an interim results presentation today that is was considering converting its ageing Beatrix West mine to uranium production as well as restarting uranium output from its Cooke tailings deposits west of Johannesburg.

“We could see an announcement over the next quarter,” said Neal Froneman, CEO of Sibanye-Stillwater, regarding the structure of its push into uranium. The company liked its 50.01% stake in DRDGOLD which housed its gold tailings retreatment business, he said. Asked to clarify Froneman’s statement regarding externalising the uranium, Sibanye-Stillwater spokesman James Wellsted said: “It may be, yes. It depends on what makes the most sense from a value perspective”.

Details on the possible restructure of the uranium assets would be provided on the company’s investor day, scheduled for September 9.Froneman today picked out uranium as […]

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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Kazakhstan’s Kazatomprom (LSE: KAP), the world’s largest uranium producer, announced today that in the first half of 2021 (H1 2021), its attributable U3O8 production of 5,864 tonnes was 1% higher compared to the same period of 2020 (5,790 tonnes).

In H1 2021, the group’s consolidated revenue was KZT 235,501 million (~$552 million), an increase of 54% compared to the same period of 2020, primarily due to a significant increase in sales volume, growth in the average realized price associated with an increase in the market spot price for U3O8, and weakening of the KZT against the USD in the first half of 2021.

Operating profit in the first half of 2021 was KZT 61,315 million (~$144 […]

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ASX-listed junior explorer Okapi Resources has finalised the purchase of a portfolio of high-grade uranium projects in the United States in a deal it says is transformational. The Perth-based company assumes 100 per cent ownership of the brownfields uranium assets following the recent completion of an all-scrip acquisition of private Australian group Tallahassee Resources. ASX-listed junior explorer Okapi Resources has nailed down the purchase of a portfolio of high-grade uranium projects in the United States in a deal it says is transformational. The Perth-based company assumes 100 per cent ownership of the brownfields uranium assets following the recent completion of an all-scrip acquisition of private Australian group Tallahassee Resources.

Okapi shareholder approval sees the Tallahassee vendors receive 33.5 million new Okapi shares and 16.75 million options as consideration for the transaction.

In conjunction with the deal, the company has put to bed a capital raise of $2.84 million from the issuing […]

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Location map of Okapi Resources’ new US uranium project areas. Credit: File ASX-listed junior explorer Okapi Resources has nailed down the purchase of a portfolio of high-grade uranium projects in the United States in a deal it says is transformational. The Perth-based company assumes 100 per cent ownership of the brownfields uranium assets following the recent completion of an all-scrip acquisition of private Australian group Tallahassee Resources.

Okapi shareholder approval sees the Tallahassee vendors receive 33.5 million new Okapi shares and 16.75 million options as consideration for the transaction.

In conjunction with the deal, the company has put to bed a capital raise of $2.84 million from the issuing of 14.2 million shares at 20¢ apiece to sophisticated and professional investors. The placement also has 14.2 million unlisted options attached – on a one for one basis – that are exercisable at 30¢ each and will expire in two years’ time.

Okapi’s […]

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Neal Froneman, CEO, Sibanye-Stillwater SIBANYE -Stillwater is considering plans to convert its ageing Beatrix West gold operations in South Africa’s Free State province into a uranium mine as part of a strategy to build meaningful production of the fuel.

Commenting in the precious metal firm’s financial results ended June 30 announcement today, in which it unveiled a R8.4bn interim dividend, Sibanye-Stillwater CEO, Neal Froneman said unlocking “latent value” by building uranium production would complement the firm’s green metals strategy.

“Beatrix West has substantial uranium resources and has potential to be converted into a uranium mine that is already largely developed as the mature gold resources deplete or become unviable,” he said. Another option would be to re-mine uranium tailings from the Cooke resource west of Johannesburg, a former gold mine, “… in a constructive price environment with interest in uranium as a clean energy source increasing globally,” he said.

Sibanye-Stillwater wants to […]

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Energy Fuels Inc (NYSE: UUUU), a Lakewood, Colorado, company, gained to close at $4.94 Wednesday after gaining $0.05 (1.02%) on volume of 2,161,555 shares. The stock ranged from a high of $5.10 to a low of $4.81 while Energy Fuels’s market cap now stands at $663,599,848. 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 Wyoming, and the Alta Mesa ISR Project in Texas. The White Mesa Mill is […]

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Even though the world is expanding nuclear power use, global uranium supply will continue to be lower than expected as NAC Kazatomprom JSC recently extended production cuts for an additional year, to 2023. Here’s what the world’s largest uranium producer, which on Thursday reported first half results, had to say:

On uranium market:

"The impact of COVID continued to be felt across the industry, and though near term supply continued to decrease, market sentiment has remained cautious."

"Accordingly, after the end of the second quarter, we announced that we are extending the 20% reduction of our production against subsoil use agreements for an additional year, through 2023. This means that for yet another year, global primary production is expected to be over 5,000 tU lower than was previously anticipated.""However, in a world that is expanding its use of nuclear power, we would much rather be seeing a market that is demanding more […]

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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 Canadian market has turned positive again this week after declining last week due to concerns about the Delta variant and slowing global economic growth. Investors’ receding fears about the new COVID variants’ negative impact on the economy are helping the stocks inch up further. While the TSX Composite Index is trading at its record high, beginners might still find it difficult to pick cheap stocks to buy right now. Here are two cheap and fundamentally strong stocks beginners can buy today that are trading under $5 per share. Denison Mines stock

Denison Mines (TSX:DML) (NYSE:DNN) is a Toronto-based uranium mining firm with a market cap of about $1.1 billion. The company mainly also focuses on the acquisition, exploration, and development of uranium assets. Its stock is trading at $1.36 per share with 62% year-to-date gains.

Denison Mines is currently working on its ambitious Wheeler River project — the largest […]

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