Last week, the Sprott Physical Uranium Trust (SPUT) started buying up physical uranium , taking it out of market circulation. This yellowcake will be sequestered for the long term.

Last week it was 900,000lb. On Tuesday another 400,000lb was bought and removed from the market, and there will be more to come. Today @Sprott issued 983K Physical #Uranium Trust units which raised $8.6M used to stack another 400,000 lbs #U3O8 pushing Up NAV by $17.7M to over US$687M. SPUT still holds $4.9M cash for stacking with units closing at 3.19% Premium to NAV. https://t.co/VJuEVxXgYA pic.twitter.com/hrDtL1VUX4 — John Quakes (@quakes99) August 23, 2021 A gigawatt-class reactor uses around 450,000lb per year, so this is no small amount, according to 808s Online, a blog run by a US nuclear professional.

US financial services firm Cantor Fitzgerald – which gives SPUT a ‘buy’ rating – says the Trust is now potentially the single […]

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Global Atomic Corporation announced today that it is has received formal notification from the Republic of Niger that the Government will not increase its ownership stake in the Company’s Dasa Uranium Project beyond the minimum 10% interest decreed under the Mining Code. Global Atomic will now take steps to establish its Niger mining subsidiary of which Global Atomic will own a 90% equity interest and the Republic …

Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today that it is has received formal notification from the Republic of Niger that the Government will not increase its ownership stake in the Company’s Dasa Uranium Project beyond the minimum 10% interest decreed under the Mining Code. Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation) Global Atomic will now take steps to establish its Niger mining subsidiary of which Global Atomic will own a 90% equity […]

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Last week, the Sprott Physical Uranium Trust (SPUT) started buying up physical uranium, taking it out of market circulation.

Sprott is selling new shares and use the proceeds to buy physical uranium, scooping up about 900,000 pounds in all.

A gigawatt-class reactor uses around 450,000 pounds per year, so this is no small amount, says 808s Online, a blog run by a US nuclear professional. The news sparked a 10% gain in the uranium spot price to one-year highs.

“Along with other recent raises, Sprott (and its direct predecessor, the Uranium Participation Corporation) has in 2021 bought up more than 1% of the annual mined supply of the commodity, taking it out of circulation and into long-term storage,” he says.“It would be the uranium story of 2021 even if there was no more story to tell, but there are still four months left in the year and a lot of rope left […]

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During the COVID-19 pandemic, even while production was suspended, Cameco (TSX:CCO) (NYSE:CCJ) kept and continued to pay all the company’s employees. Partially off-setting these additional costs was the receipt of about $37 million under the Canada Emergency Wage Subsidy program and volatility in foreign exchange rates that resulted in foreign exchange gains. Adding to a portfolio of long-term uranium contracts

On the contracting front, long-term contracting was delayed in 2020 due to ongoing market access and trade policy issues and the impact of the COVID-19 pandemic on Cameco’s customers’ operations. However, in Cameco’s uranium segment, Cameco was successful in adding 12.5 million pounds to the company’s portfolio of long-term uranium contracts. Growing pipeline of uranium business

Market signals could take time to impact contracting in Cameco’s business as it has seen with the transition in the company’s fuel services segment. With Cameco’s pipeline of uranium business continuing to grow […]

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A new report by Report Ocean identifies the competitive landscape, market dynamics, and various economic factors of the Uranium Mining Market. The report about the Uranium Mining Market is exceptional because it is easy to read, contains excellent tools, and provides excellent examples of research methods.

The global Uranium Mining Market is expected grow to at a healthy CAGR during 2021 and 2025. Uranium Mining Market growth potentials and growth opportunities could serve a clear picture of how the Uranium Mining Market is likely to develop to stakeholders. This report consists of proprietary and third-party data, which has been analyzed using a wide range of analytical tools. Furthermore, it can provide insights into the market’s potential and help investors identify the market’s opportunities. Additionally to examining the global Uranium Mining Market in detail, the study also looks at each segment separately.

To Remain ‘In front of’ Your Competitors, Request for […]

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Key Points: High-Grade and Substantial Historic Resources – Based on a press release issued by Strateco Resources Inc. (“ Strateco ”) on December 7, 2012, Matoush was considered to have the following historical Mineral Resources: Indicated Mineral Resources of 586,000 t at an average grade of 0.954% containing 12.329 m lbs of U3O8

Inferred Mineral Resources of 1,686,000 t at an average grade of 0.442% containing 16.44 m lbs of U3O8

This historical estimate is considered to be a “historical estimate” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) and is not considered by the Company to be current. See below under the heading “Global Historical Mineral Resource Table”.

Advanced Stage Project – An Updated Preliminary Economic Assessment on the Property was published in April of 2010 which contemplated access via a ramp decline, mining using longhole methods followed by cemented rock […]

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The under-explored uranium properties are strategically located in Wyoming’s Great Divide Basin. GTI Resources Ltd has signed a binding agreement to acquire 100% of Branka Minerals Pty Ltd, the holder of around 22,000 acres of land across several underexplored mineral lode claims in the US states of Wyoming and Colorado.

The projects are highly prospective for sandstone-hosted roll front uranium mineralisation amenable to In Situ Recovery (ISR).

Upon completion, GTI will control the largest non-US, Russian or Canadian owned uranium exploration landholding in Wyoming’s Great Divide Basin (GDB), which is near UR Energy Inc’s Lost Creek ISR facility and Rio Tinto Limited’s Sweetwater/Kennecott Mill.

Wyoming has produced a total of 84,000 tonnes of uranium between 1995 and 2015 and was the leading state for US production with nearly has all been mined with the ISR method. Close to roll front REDOX boundary The Wyoming properties are on or close to the Great […]

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Commodities stocks generally aren’t what most investors consider to be growth plays in the long term. However, investors seeking out companies focused on commodities with a tilt toward growth may be interested in a top Canadian ESG stock that’s growing in prevalence.

I’m specifically talking about Cameco (TSX:CCO) (NYSE:CCJ) . This uranium miner has been out of favour among some investors for some time. Indeed, terrible incidents, such as the accident at the Japanese Fukushima Daiichi nuclear power plant, have taken a toll on investor enthusiasm. Moreover, there has been a long-standing period of low commodity prices for uranium.

However, the world is witnessing a massive recovery both in uranium demand and prices. Climate change has shifted global attention to clean and green energy. Thus, renewable energy is once again at the centre of discussion. Nuclear energy is one of the greenest sources of energy available today.

With an increased focus on […]

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Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each a “Warrant”). Each whole Warrant shall be exercisable for one Common Share at a price of C$0.40 at any time on or before the date which is 36 months after the closing date of the Offering.

The net proceeds raised from the sale of Units will be used to meet the Company’s obligation under its loan agreement with Denison Mines Corp. (see UEX’s news release dated August 3, 2021), for exploration at the Company’s properties, and for general corporate and working capital purposes.

The Offering is scheduled to close on or about September 7, 2021 and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of listing of the Common […]

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UEX Corporation (TSX:UEX) (“UEX” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Sprott Capital Partners (“Sprott”) pursuant to which the underwriters have agreed to purchase 72,950,000 units of the Company (the “Units”) at a price of C$0.29 per Unit on a “bought deal” private placement basis (the “Offering”) for aggregate proceeds of C$21,155,500 to the Company

Each Unit shall be comprised of one common share in the capital of the Company (each a “Common Share”) and one-half of one Common Share purchase warrant (each a “Warrant”). Each whole Warrant shall be exercisable for one Common Share at a price of C$0.40 at any time on or before the date which is 36 months after the closing date of the Offering. […]

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Ur-Energy Inc. ( URG ) leads the Uranium industry with an overall score of 63. URG is up 109.09% so far this year after the company closed yesterday at $1.15. The overall score measures the company’s performance based-off both short and long term indicators and means that URG scores better than 63% of the overall market.

Ur-Energy Inc. is a strong performer in the Uranium industry, which has an average overall score of 35. This means that, on average, the stocks in this industry score higher than 35% of the stock market. To see InvestorsObserver’s Sentiment Score for Ur-Energy Inc. click here. URG has been trading neutral recently. The stock is trading up 0.88% this week following yesterday’s rise. URG has an average analyst ranking of Strong Buy with an average price target of $2.066. Click Here to get the full Stock Report for Ur-Energy Inc. stock.
Microvast Holdings […]

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Receives $1.2 Million from Warrant Exercise Vancouver, Canada (ABN Newswire) – Ellis Martin Report: Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) Receives $1.2 Million from Warrant Exercise as Partner Company Valor Announces Radiometrics Reveal New Anomalies at Hook Lake Project with On-Ground Work Underway.

Join Ellis Martin for a conversation with Jordan Trimble, the President and Chief Executive Officer of Skyharbour Resources, a preeminent uranium and thorium exploration Company, with projects located in the prolific Athabasca Basin of Saskatchewan, Canada which was ranked as the best mining jurisdiction to work in globally by the Fraser Institute in 2017.

The Company has been acquiring top tier exploration projects at attractive valuations culminating in five uranium properties totalling approx. 200,000 hectares throughout the Basin. In July 2016, Skyharbour secured an option from Denison Mines (TSE:DML) to acquire a 100% interest in the Moore Uranium Project, now the flagship project, which hosts the high grade Maverick Zone. […]

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Dasa Uranium Project Feasibility Study Advances towards Completion

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Stronger Zinc Pricing at the Turkish Zinc Joint Venture

TORONTO, Aug. 12, 2021 /CNW/ – Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today its operating and financial results for the three and six months ended June 30, 2021. Global Atomic Corporation (CNW Group/Global Atomic Corporation) HIGHLIGHTS Dasa Phase 1 Uranium Project in the Republic of Niger The Company advanced key components of its Feasibility Study including: HCF International Advisers Limited was engaged as the Company’s financial adviser to assist in project debt financing for the development of the Dasa Project. A short list of interested financial institutions has been presented to the Company. Orano Mining ("Orano") completed successful testing of Dasa ore to confirm blending characteristics at Orano’s Somaïr uranium processing plant. As a result, the Company […]

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The Uranium Mining Market is driven by various factors, according to a detailed valuation explained in the report. This study shows the importance of in-depth analysis and how it greatly affects the quality of the information provided to readers. In addition, the report also takes into account the impact of the novel COVID-19 pandemic on the Uranium Mining market and offers a clear assessment of the expected market fluctuations over the forecast period.

The Uranium Mining Market Report provides an in-depth study of the expansion drivers, potential challenges, standout trends, and opportunities for the market participants in order for the readers to fully understand the Uranium Mining market landscape. The report includes key manufacturers as well as market shares, inventory determinations and numbers, contact details, sales, capacity, production, price, costs, revenue, and business profiles. The main objective of the Uranium Mining industry report is to provide vital information on competitive […]

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