The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report . The report provides an overview of nuclear fuel supply and demand in the EU. (Image: Pixabay)

"In 2020, in response to the Covid-19 pandemic, nuclear installation operators and national regulatory authorities in the EU implemented exceptional measures to maintain essential operations, whilst prioritising nuclear safety," ESA notes in the report .

"The Coronavirus pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services. Spot U3O8 prices have risen substantially with further upward expectations. The conversion market that experienced price increases in the past two years due to […]

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As the uranium spot price fell marginally last week, further progress was made to list the first physical uranium fund in both Canada and the US.

-Shareholder approval for creation of uranium investment vehicle
-Bannerman Resources advances project in Namibia
-Uranium spot price falls by less than -1% for the week

Shareholders of Canadian-listed uranium investor Uranium Participation Corp (UPC) have approved a proposed plan of arrangement to reorganise UPC into the Sprott Asset Management-run investment-fund listed on the Toronto Stock Exchange. UPC is the world’s largest publicly-traded investment vehicle offering exposure to uranium, outside of traditional mining company shares.In explaining last week’s lack of activity in the spot uranium market, independent consultant TradeTech observed both buyers and sellers were hesitant to commit to transactions immediately before the July 7 vote by UPC shareholders to approve the creation of the Sprott Physical Uranium Trust.Since confirmation of the vote in […]

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Jul 12, 2021 (The Expresswire) — “ Uranium Mining Market “ Size, Status and Market Insights 2021,

,Uranium Mining Market By Type (Granite-Type Uranium Deposits,Volcanic-Type Uranium Deposits,Sandstone-Type Uranium Deposits,Carbonate-Siliceous-Pelitic Rock Type Uranium Deposits,,), By Application ( Military,Electricity,Medical,Industrial,Others, ) Geography (North America (United States, Canada and Mexico), South America (China, Japan, Korea, India and Southeast Asia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, Egypt, Nigeria and South Africa)) Industry Trends 2021.

Global Uranium Mining market size will increase to Million USD by 2025, from Million USD in 2018, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Uranium Mining.This report […]

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Location map of Okapi Resources’ new US uranium project areas. Credit: File ASX-listed junior explorer Okapi Resources has scored a potentially company-making package of high-grade brownfields uranium assets in the uranium friendly jurisdiction of the US via an all-scrip acquisition of private Australian outfit Tallahassee Resources.

The Perth-based company will pay the vendors of Tallahassee Resources 33.5 million new Okapi shares and 16.75 million options as consideration for the deal, subject to shareholder and statutory approvals.

Okapi will assume 100 per cent ownership of the mineral rights over the Tallahassee uranium project tenure spanning about 7,500 acres in central Colorado’s prolific Tallahassee Creek uranium district about 140km south-west of Denver.

Also included in the newly acquired Tallahassee Resources portfolio of properties is an option for Okapi to acquire 100 per cent of the Rattler uranium project, including the historical high-grade Rattlesnake open-cut mine in north-eastern Utah.In tandem with what Okapi management describes […]

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(Image via Azarga Uranium) The COVID-19 pandemic has put a lot of markets to the test, but one commodity that has performed quite well since the beginning of last year is uranium – growing more than $7 (USD) or 32% in value to $32.70 (USD) / lb.

According to analysts, this trend is expected to continue upward. A top player in this space – Azarga Uranium ( TSX: AZZ , OTCQB: AZZUF , Forum ) released positive results of an independent Preliminary Economic Assessment (PEA) in late June 2021 on its Gas Hills In-situ recovery (ISR) Uranium Project in Wyoming, following an increased mineral resource estimate announced by the Company in March.

The base case economic assessment results in a pre-income tax internal rate of return (IRR) of 116% and a pre-income tax net present value (NPV) of $120.9 million (USD) when applying an 8% discount rate. Using the same […]

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Okapi Resources will jump into the budding uranium sector with an agreement to acquire a portfolio of large, high-grade assets in the US. Okapi (ASX:OKR) has reached a binding agreement to acquire Tallahassee Resources, which owns the Tallahassee Uranium Project in Colorado and also holds an option to acquire the Rattler Uranium Project in Utah. The Tallahassee Uranium Project was previously part of former ASX listed company Black Range Minerals and has a JORC 2004 Mineral Resource estimate of 26 million pounds of U3O8 at a grade of 540ppm U3O8, with significant exploration upside.

Black Range had a market capitalisation in excess of $180 million in 2007, before the existing resource was defined. Okapi’s market capitalisation prior to announcing the transaction was just $11.7 million.

An assessment of the market capitalisation of Okapi’s ASX-listed uranium developer industry peers measured against their defined mineral resources delivered a mean valuation $2.17 per pound.

Against […]

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Growing social media attention on uranium is surely playing a role in the latest surge in its equity valuations . According to the study “Uranium Outlook” by RBC Elements, the 230% increase in monthly mentions since December 2020 concurs with the recent valuation run-up. Is this something investors should keep track of if they are interested in dabbling into the radioactive metal’s sector? This certainly is a trillion-dollar question. Social Media Activity Bolsters Uranium Valuations

RBC Elements has been tracking the activity of uranium equities on social media over the last 10 years, and it has come to some pretty interesting conclusions.

“As uranium market fundamentals have improved only modestly in the past 6 months compared to the sharp rise in equity values, we believe increased social media attention may be contributing to higher valuations,” according to the report

RBC analysts agree that continuing social media activity could keep uranium valuations […]

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The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report . The report provides an overview of nuclear fuel supply and demand in the EU. (Image: Pixabay)

"In 2020, in response to the Covid-19 pandemic, nuclear installation operators and national regulatory authorities in the EU implemented exceptional measures to maintain essential operations, whilst prioritising nuclear safety," ESA notes in the report .

"The Coronavirus pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services. Spot U3O8 prices have risen substantially with further upward expectations. The conversion market that experienced price increases in the past two years due to […]

Click here to view original web page at www.world-nuclear-news.org

Growing social media attention on uranium is surely playing a role in the latest surge in its equity valuations. According to the study “Uranium Outlook” by RBC Elements, the 230% increase in monthly mentions since December 2020 concurs with the recent valuation run-up. Is this something investors should keep track of if they are interested in dabbling into the radioactive metal’s sector? This certainly is a trillion-dollar question. Social Media Activity Bolsters Uranium Valuations

RBC Elements has been tracking the activity of uranium equities on social media over the last 10 years, and it has come to some pretty interesting conclusions.

“As uranium market fundamentals have improved only modestly in the past 6 months compared to the sharp rise in equity values, we believe increased social media attention may be contributing to higher valuations,” according to the report

RBC analysts agree that continuing social media activity could keep uranium valuations high […]

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

When GTI Resources struck a deal in October last year to secure the land between its Rats Nest and Jeffrey uranium projects in Utah, it took hold of a prospective uranium canvas. The package of land, acquired from Anfield Energy , consolidated GTI’s (ASX:GTR) landholding over a contiguous 5.5km interpreted mineralised trend at its Utah projects – a means by which the company could look to connect the dots between the promising signs at its already-held projects on either side. Home to some substantial historic workings, the ground in the middle had some serious claim to exploration in its own right – work currently being undertaken by the GTI team.

“The package of land we bought has quite a significant underground development on it – it’s probably one of the most recently mined parts of that area,” GTI executive director Bruce Lane told Stockhead .

“Section 36 was mined in the […]

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2021 is now half over, and so far the second part of the year has been positive for the gold price. The yellow metal has been on the rise since the start of July, moving from around the US$1,770 per ounce level to just above US$1,800 at the time of this writing on Friday (July 9).

Despite that increase, many market participants believe gold should be higher. This week I heard from Rob McEwen of McEwen Mining (TSX: MUX ,NYSE:MUX) on why he thinks gold hasn’t broken out.

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! Rob is well known for his US$5,000 gold prediction, and in his opinion, there are a few factors holding the precious metal back. Those are the belief that inflation is […]

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When GTI Resources struck a deal in October last year to secure the land between its Rats Nest and Jeffrey uranium projects in Utah, it took hold of a prospective uranium canvas. The package of land, acquired from Anfield Energy , consolidated GTI’s (ASX:GTR) landholding over a contiguous 5.5km interpreted mineralised trend at its Utah projects – a means by which the company could look to connect the dots between the promising signs at its already-held projects on either side.

Home to some substantial historic workings, the ground in the middle had some serious claim to exploration in its own right – work currently being undertaken by the GTI team.

“The package of land we bought has quite a significant underground development on it – it’s probably one of the most recently mined parts of that area,” GTI executive director Bruce Lane told Stockhead .

“Section 36 was mined in the 1970s […]

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

Sprott currently manages four different commodity stockpiling funds, with more than $12 billion in assets, including: the Sprott Physical Gold Trust (PHYS), one of the world’s largest physical gold vehicles; and the Sprott Physical Silver Trust (PSLV), the fastest-growing silver bullion fund.

These physical-metal strategies are listed on both the Toronto and New York stock exchanges and boast a global client base of more than 200,000 investors. Now, Sprott is creating the Sprott Physical Uranium Trust (SPUT), an entity that has agreed to a transaction with Uranium Participation Corporation (UPC), the world’s first and largest publicly-traded physical uranium investment vehicle.

UPC has a diverse shareholder base ranging from individual investors to institutions, hedge funds and family offices.

The company holds its uranium at licensed storage locations in Canada, the US and Europe, and at the end of May 2021 held 19.3 million pounds of U 3 O 8 and other products with […]

Click here to view original web page at www.miningnews.net

a minimum of 4,166,667 units of the Company (each, a “ Unit ”) at a price of C$0.24 per Unit for minimum gross proceeds of C$1,000,000;

flow-through units of the Company (each, a “ FT Unit ”) at a price of C$0.265 per FT Unit; and

flow-through units of the Company sold to charitable buyers (each, a “ Charity FT Unit ”, and collectively with the FT Units and Units, the “ Offered Securities ”) at a price of C$0.32 per Charity FT Unit.

Each Unit will consist of one common share of the Company (each a “ Unit Share ”) and one half of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “ FT […]

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Nuclear energy is having a resurgence lately, thanks to advanced nuclear technologies and an increased investor interest in clean energy sources. Nuclear power is not strictly renewable – it uses uranium as its fuel – but it is certainly green. Currently, nuclear power provides about 10% of the world’s electricity , and 18% of electricity in OECD countries. While the bulls believe technology will increase nuclear capacity, the bears point to a dismal growth forecast. The International Atomic Energy Agency expects nuclear capacity to grow by 82% over the coming 30 years – a meager 2% c ompound a nnual g rowth r ate ( CAGR ).

For those who are bullish on the growth of nuclear energy, there aren’t many pure-play nuclear energy stocks out there. An alternative approach might be a pick-and-shovel play on nuclear energy – uranium stocks – since existing power plants will need fuel indefinitely. […]

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

The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report . The report provides an overview of nuclear fuel supply and demand in the EU. (Image: Pixabay)

"In 2020, in response to the Covid-19 pandemic, nuclear installation operators and national regulatory authorities in the EU implemented exceptional measures to maintain essential operations, whilst prioritising nuclear safety," ESA notes in the report .

"The Coronavirus pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services. Spot U3O8 prices have risen substantially with further upward expectations. The conversion market that experienced price increases in the past two years due to […]

Click here to view original web page at world-nuclear-news.org

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Global X Uranium ETF (NYSE: URA ) shares experienced unusual options activity on Wednesday. The stock price moved down to $20.7 following the option alert. Sentiment: BULLISH

Option Type: SWEEP

Trade Type: PUT Expiration Date: 2021-10-15 Strike Price: $19.00 Volume: 1647 Open Interest: 14213 Three Indications Of Unusual Options Activity Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists […]

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U.S. President Joe Biden confers with Interior Secretary Deb Haaland during an event with governors of western states and members of his cabinet June 30, 2021 in Washington, DC. Haaland previously cosponsored legislation that would have removed uranium from the federal list of critical minerals. Source: Win McNamee/Getty Images News via Getty Images The leading U.S. minerals science agency said uranium is not qualified for inclusion on the federal list of commodities essential to national and economic security, though it did not state whether it should be removed from that list.

The Critical Minerals List is a record of which minerals the U.S. government considers essential to its security. Created under the Trump administration, the list has been cited in policy actions focused on permitting, grant funding and research and development. Congress passed pandemic stimulus legislation in December 2020 that required the U.S. Geological Survey, which oversees the list, […]

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There have been a number of interesting announcements in the uranium space so far this year. But which ones are important and what news may be overhyped? Speaking to the Investing News Network, Lobo Tiggre, founder and CEO of IndependentSpeculator.com , shared his thoughts on where uranium investors should direct their attention right now.

One factor that’s made headlines in recent months is physical uranium purchases from companies in the space. As Tiggre explained, this activity initially spurred expectations for upward price momentum. 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!

Although uranium is having a good month (and a good year), so far a larger price rise hasn’t materialized.“I wish it had had a bigger impact […]

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