Uranium Participation Announces Shareholder Approval of the Arrangement to Form the Sprott Physical Uranium Trust

TSX Trading symbol: U

TORONTO, July 7, 2021 /CNW/ – Uranium Participation Corporation ("UPC") is pleased to announce that, at today’s special meeting of the shareholders of UPC, shareholders approved the proposed plan of arrangement among UPC, the shareholders of UPC, Sprott Asset Management LP ("SAM LP"), a wholly owned subsidiary of Sprott Inc. (NYSE/TSX: SII), Sprott Physical Uranium Trust (the "Trust"), a newly formed trust to be managed by SAM LP, and 2834819 Ontario Inc., a newly formed Ontario subsidiary of the Trust (the "Transaction"). View PDF version

The special resolution passed with support from 99.92% of the votes cast at the meeting (with 68,151,671 shares voted for and 54,397 shares voted against the Transaction). Excluding the votes held by Kopernik Global Investors, LLC, the special resolution passed with support from 99.90% of the votes cast (with 53,599,153 shares voted for and 54,397 shares voted against the Transaction).

UPC has […]

Uranium Energy Corp. (UEC) Reveals an Earnings Mystery

Uranium Energy Corp. (UEC) Reveals an Earnings Mystery

Uranium Energy Corp. (AMEX:UEC) went down by -7.00% from its latest closing price compared to the recent 1-year high of $3.67. The company’s stock price has collected -8.43% of loss in the last five trading sessions. Press Release reported on 06/25/21 that Uranium Energy Corp. (NYSE American: UEC) Creating Interest, Building Portfolio Is It Worth Investing in Uranium Energy Corp. (AMEX :UEC) Right Now?

Plus, the 36-month beta value for UEC is at 2.43. Opinions of the stock are interesting as 3 analysts out of 3 who provided ratings for Uranium Energy Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential […]

Sprott's uranium ETF aims to provide liquidity

Sprott’s uranium ETF aims to provide liquidity

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 […]

Western Uranium & Vanadium Announces Mining Restart at the Sunday Mine Complex

Western Uranium & Vanadium Announces Mining Restart at the Sunday Mine Complex

Western Uranium & Vanadium Corp. is pleased to announce that it is preparing for the resumption of mining activities at the Sunday Mine Complex . This action is driven by COVID-19 risks declining and the improved fundamentals and outlook for uranium and vanadium commodities. The Sunday Mine, West Sunday Mine, St. Jude Mine, and Carnation Mine, which are interconnected, will be moved into Active Status from Temporary …

Western Uranium & Vanadium Corp. ( CSE: WUC ) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce that it is preparing for the resumption of mining activities at the Sunday Mine Complex (“SMC”). This action is driven by COVID-19 risks declining and the improved fundamentals and outlook for uranium and vanadium commodities. The Sunday Mine, West Sunday Mine, St. Jude Mine, and Carnation Mine, which are interconnected, will be moved into Active Status from Temporary Cessation. This project which began […]

Nuclear power ‘the only substitute for coal’, expert says

Nuclear power ‘the only substitute for coal’, expert says

share

The drive to shut down coal-fired power stations is gathering momentum, and nuclear — “as the most environmentally friendly source of base-load electricity available to man” — is the only alternative, Far East Capital analyst Warwick Grigor says.

“The push to alternative and ‘green’ energy is in full swing and there is no going back, but solar and wind power can never provide that reliable base-load electric source that we need,” he says.

“The drive to shut down coal-fired power stations is gathering momentum, but you can’t just shut them down without providing an alternative, and the only alternative is nuclear.”Grigor say its is one thing to decarbonise the modern world but it is a “completely different, and disastrous proposition, to de-electrify the world by making it dependent upon irregular and unreliable power sources.”He’s not the only one. #Nuclear is going prime time on @CNBC as Bill Gates goes #bullish […]

Production at Cigar Lake uranium mine to resume after wildfire evacuation

Production at Cigar Lake uranium mine to resume after wildfire evacuation

Operations at the Cigar Lake uranium mine in northern Saskatchewan are set to resume later this week after much of its workforce was evacuated due to a nearby wildfire.

The Cameco Corporation announced in a news release on Sunday that the nearly 230 employees and contractors who were evacuated on Thursday are being transported back to the mine.

The workers were moved as a safety precaution due to the proximity of the Briggs wildfire.

Only about 80 people remained at the facility to keep it in a safe state.As of Friday, the fire had moved past the facility "without serious impact to the site," according to Cameco,Now, the company says consultations with the Saskatchewan Public Safety Agency have helped them determine that the risk to the facility from the fire has now subsided.The mine could resume operations in the coming days.The Briggs fire remains uncontained and measured more than 22,000 hectares on […]

Skyharbour ready to capitalise on uranium upturn

Skyharbour ready to capitalise on uranium upturn

Skyharbour’s Moore Lake project exploration camp The company hopes these assets will increasingly generate value for its shareholders as the market heats up. Skyharbour has successfully deployed a prospect generator model under which it has farmed out three assets to earn-in partners, while focusing its own exploration efforts on its flagship Maverick target on the 100%-owned Moore Lake property.

"We started acquiring projects during the early years of the rout following Fukushima. The sentiment at the time was at all-time lows and we set out to build a project portfolio for pennies on the dollar," president and CEO Jordan Trimble told Mining Journal .

Its portfolio cost just over C$5 million to assemble, with most of that being in share payments rather than cash, before doing a landmark deal with uranium developer Denison Mines to bring in Moore Lake. This transaction had elements of completing a circle, given the previous history […]

Nuclear Fuels Market Massive Growth Ahead | International Montoro Resources, China General Nuclear Power, Canalaska Uranium

Nuclear Fuels Market Massive Growth Ahead | International Montoro Resources, China General Nuclear Power, Canalaska Uranium

HTF MI Analyst have added a new research study on Title Global Nuclear Fuels Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) with detailed information of Product Types [, Uranium-235 & Plutonium-239], Applications [Metal, Alloy & Oxide] & Key Players Such as BHP Billiton, Denison Mines, Eagle Plains Resources, KazAtomProm, Japan, Oil, Gas and Metals National Corporation, Rio Tinto, Cameco, Globex Mining Enterprises, International Montoro Resources, Canalaska Uranium, China General Nuclear Power, China National Nuclear Corporation, Forsys Metals, NMMC, Energy Resources of Australia, Bannerman Resources, Berkeley Energia, ARMZ Uranium Holding Company & Azimut Exploration etc. The Study provides in-depth comprehensive analysis for regional segments that covers North America, Europe, Asia-Pacific, Middle East and Africa with global outlook and includes Clear Market definitions, classifications, manufacturing processes, cost structures, development policies and plans. The facts and data are well […]

5 best ASX energy shares of the 2021 financial year revealed

5 best ASX energy shares of the 2021 financial year revealed

ASX energy shares have been among the index’s stronger performers over the 2021 financial year (FY21). A 12-month period that saw the All Ordinaries Index (ASX: XAO) gain 25%.

With that financial year done and dusted, we take a look at the 5 best energy shares on the All Ords to have held from 1 July 2020 through to 30 June 2021.

Spurred on by higher energy prices, these shares all returned 3 or more times the gains posted by the All Ords. Paladin Energy Ltd (ASX: PDN)

With an FY21 share price gain of 376%, Paladin Energy is hands down the best performing ASX energy share over this time.The uranium producer has projects in Australia and Africa. It has, among other factors, benefited from rising uranium prices and speculation of still higher prices to come as the world re-examines nuclear power as a means to cut global carbon emissions.Paladin […]

1 Hot TSX Stock That Could Double This Year!

1 Hot TSX Stock That Could Double This Year!

This year started out as a good one for clean energy companies. Many saw shares explode once United States president Joe Biden came into office. The new commander in chief wants to cut greenhouse gas emissions by 52% by 2030. That’s a huge cut, and it’s going to take a massive investment in clean energy. In fact, the Biden administration has stated it will budget a record US$1.85 billion towards supporting “existing and advanced nuclear technologies.” That’s why there’s one hot stock that should double this year from this clean energy move.

That stock is Cameco (TSX:CCO) (NYSE:CCJ) .

While other clean energy projects continue trying to get off the ground, nuclear energy is a proven, clean way to create power. What’s more, Cameco continues to lead the charge in this arena as the largest producer of uranium in the world. Yet it continues to be undervalued. Let’s look at why […]

Global Atomic is shipshape and in weather for plain sailing

Global Atomic is shipshape and in weather for plain sailing

TSX-listed Global Atomic’s tier-one Dasa uranium project in Niger has been pushing ahead at a rate of knots in the past couple of years, while the company’s share price has blasted some 1,100% to heights of more than $3/share – but the junior is showing no signs of slowing down.

And with as many – if not more – major milestones on the horizon as there are in its wake, investors hoping for a price pullback so they can jump onboard may be left waiting and wanting.

Boasting the largest and highest-grade uranium deposit in Africa, Global Atomic breezed the project through the permitting process in just three months – it had all necessary government approvals by January. Phase one is set to see Dasa producing 44 million pounds of U3O8over 12 years.

"That’s something really unheard of in places like Canada and Australia – where it can take 10, or 15, […]

Uranium Energy Corp. (AMEX: UEC) Has Great Upside Potential

Uranium Energy Corp. (AMEX:UEC) shares, rose in value on Thursday, July 1, with the stock price down by -4.51% to the previous day’s close as strong demand from buyers drove the stock to $2.54.

Actively observing the price movement in the recent trading, the stock is buoying the session at $2.66, falling within a range of $2.44 and $2.68. Referring to stock’s 52-week performance, its high was $3.67, and the low was $0.82. On the whole, UEC has fluctuated by -19.64% over the past month.

As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.06 and then to about $0.01 by fiscal year 2022. Data indicates that the EPS growth is expected to be 25.00% in 2022, […]

Uranium Energy Corp. (AMEX:UEC) trade information

During the last session, Uranium Energy Corp. (AMEX:UEC)’s traded shares were 7.03 million, with the beta value of the company hitting 2.45. At the end of the trading day, the stock’s price was $2.66, reflecting an intraday gain of 5.98% or $0.15. The 52-week high for the UEC share is $3.67, that puts it down -37.97 from that peak though still a striking 69.17% gain since the share price plummeted to a 52-week low of $0.82. The company’s market capitalization is $686.55M, and the average intraday trading volume over the past 10 days was 5.91 million shares, and the average trade volume was 5.81 million shares over the past three months.

Uranium Energy Corp. (UEC) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. UEC has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. […]

Liberty Star Uranium & Metals : Releases Revised Red Rock Canyon Gold Property Technical Report

Liberty Star Uranium & Metals : Releases Revised Red Rock Canyon Gold Property Technical Report

Liberty Star Minerals
LBSR: OTC Markets
http://www.lbsr.us
FOR IMMEDIATE RELEASE
Liberty Star Releases Revised Red Rock Canyon Gold Property Technical Report

TUCSON, AZ-(Jul 01, 2021)-Liberty Star Minerals ( ‘Liberty Star’ or the ‘Company’ ) ( OTCPK: LBSR ) is pleased to announce a revised version of the Red Rock Canyon Gold Property Technical Report (the ‘ Report ‘) is available on LBSR.us . The revised Report includes additional historic geophysics and drilling data discovered since the original report was released, May 21, 2021 ( NR 218 ).Report author Barney Guarnera P.Eng., QP, CMA included information and maps from drilling programs from 1999 and 2004 indicating the presence of ‘a substantial aeromag high approximately 3.5 miles long, probably representing a porphyry copper-gold style intrusive at relatively shallow depth.’ Also, ‘This hidden body is surrounded by a distal sub-micron gold halo symmetrically arranged around the magnetic high (values as […]

Azarga Uranium Reports Robust Maiden PEA Results for Gas Hills ISR Uranium Project

Azarga Uranium Reports Robust Maiden PEA Results for Gas Hills ISR Uranium Project

Highlights: Pre-income tax IRR of 116% and NPV of US$120.9 million Post-income tax IRR of 101% and NPV of US$102.6 million 6.5 million pounds of U3O8 production over 7 years; steady state production of 1.0 million pounds per year Robust satellite project to Azarga Uranium’s flagship Dewey Burdock ISR Uranium Project with low initial capital expenditures estimated at US$26.0 million Direct cash operating costs …

Highlights: Pre-income tax IRR of 116% and NPV of US$120.9 million

Post-income tax IRR of 101% and NPV of US$102.6 million

6.5 million pounds of U 3 O 8 production over 7 years; steady state production of 1.0 million pounds per year Robust satellite project to Azarga Uranium ‘s flagship Dewey Burdock ISR Uranium Project with low initial capital expenditures estimated at US$26.0 million Direct cash operating costs estimated at US$11.52 per pound of production Azarga Uranium CORP. ( […]

Global Uranium Hexafluoride Market 2021 With (COVID-19) Impact Analysis, Industry Demand, Top Trends, Forecast 2028 – By MDA

Global Uranium Hexafluoride Market 2021 With (COVID-19) Impact Analysis, Industry Demand, Top Trends, Forecast 2028 – By MDA

Global Uranium Hexafluoride Market Study Emphasizes Key Market Trends Followed Amid The COVID-19 Pandemic

Market Data Analytics has published a report on global Uranium Hexafluoride market in order to provide the crucial market details including market stability, growth rate, and financial fluctuations. The economic gains and losses are well portrayed in the report in the tabular, bar diagram, and other representative formats to offer a better understanding of the market future and position on both the domestic and global platform. The report also covers the market latest developments, opportunities & challenges, threats, and various strategic moves adopted by the participants operating in the global Uranium Hexafluoride market .

Our analysts have used primary or secondary research and research methodologies including SWOT Analysis, PESTEL Analysis, and Porter’s 5 Force to offer market facts such as industrial analysis, competitive study, historical or future trends, external or internal stress, statistical growth, and […]

Fission Uranium Corp. – Annual General Meeting Voting Results

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

KELOWNA, BC, June 29, 2021 /CNW/ – FISSION URANIUM CORP. (" Fission " or " the Company ") announced the results of matters voted on at the Company’s annual general meeting (the " Meeting ") of shareholders held earlier today.

A total of 259,135,114 shares, or 44.15 % of Fission’s common shares that were eligible to be voted at the Meeting, were voted.The following table outlines the voting results for each of the director nominees:Each of the other matters put forward before shareholders for consideration and approval at the Meeting, as described in the Company’s proxy statement dated May 19, 2021, was duly approved by the requisite number of votes.By resolution passed by show of hands, PricewaterhouseCoopers LLP, Chartered Professional Accountants, was re-appointed auditor of the Company for the ensuing year.Final voting results at the Meeting will be made available […]

Azarga Uranium Reports Robust Maiden PEA Results for Gas Hills ISR Uranium Project

Highlights: Pre-income tax IRR of 116% and NPV of US$120.9 million

Post-income tax IRR of 101% and NPV of US$102.6 million

6.5 million pounds of U 3 O 8 production over 7 years; steady state production of 1.0 million pounds per year

Robust satellite project to Azarga Uranium’s flagship Dewey Burdock ISR Uranium Project with low initial capital expenditures estimated at US$26.0 million Direct cash operating costs estimated at US$11.52 per pound of production VANCOUVER, June 29, 2021 – Azarga Uranium Corp. (TSX:AZZ)(OTCQB:AZZUF)(FRA:P8AA) ("Azarga Uranium" or the "Company") is pleased to announce the positive results of an independent Preliminary Economic Assessment ("PEA") on its Gas Hills In-situ Recovery Uranium Project in Wyoming, USA (the "Gas Hills Project") following an increased mineral resource estimate announced by the Company on 30 March 2021. The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101").Blake Steele, the […]

Global Uranium Market 2021 Precise Scenario Covering Trends, Opportunities and Growth Forecast 2026

Global Uranium Market 2021 Precise Scenario Covering Trends, Opportunities and Growth Forecast 2026

delivers an exhaustive analysis of this industry vertical and comprises insights pertaining to the market. The essential goal of the report is to characterize, section, and undertake the worldwide market size based on type, application, and area. It additionally assists with understanding the design of the worldwide market by recognizing its different sub-segments. The report offers a broad interpretation of the global Uranium industry from a variety of data points that are collected through reputable and verified sources.

Different destinations of this examination incorporate recognizing possible possibilities for partners and giving a serious climate of market elements, investigating full scale and miniature proportions of this market to give factor investigation, and extending the size of the worldwide market and its submarkets. The main goal for the revelation of this information is to give a descriptive analysis of how the trends could potentially affect the upcoming future of the global Uranium […]

Future of Uranium Mining Market 2021-2028 with Post Covid-19 Impact of Worldwide Spread Analysis – Kazatomprom, Cameco

IndustryAndResearch offers new research study and comprehensive analysis on “ Global Uranium Mining Market Research Report 2021-2028. ” A section of the report serves with in-depth information on Product Types (Granite-Type Uranium Deposits, Volcanic-Type Uranium Deposits, Sandstone-Type Uranium Deposits, Carbonate-Siliceous-Pelitic Rock Type Uranium Deposits), Applications (Military, Electricity, Medical, Industrial, Others). Uranium Mining Market including market evolution, overview, genesis, value chain, trade scenario, market size, market segmentations, competition scenario and others. Extensive focus has been placed in quantifying the sales volume of Uranium Mining, best sellers and price points. The report is useful for existing Uranium Mining companies, potential entrants, investors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

For Better Understanding, Download FREE Sample Copy of Uranium Mining Market Report @ https://www.industryandresearch.com/report/Global-Uranium-Mining-Market-Report-2021/251521#samplereport

What’s Included in Free Sample Report:
• 2020 Recently updated research report covering overview, toc, […]

Uranium Week: Technology Upside For Uranium Miners

Uranium Week: Technology Upside For Uranium Miners

As the uranium spot price falls by -1% for the week, (re)emerging and prospective uranium miners may utilise advances in technology and innovation to remain competitive.

-Can advances in technology circumvent current low prices for emerging producers?
-The in-situ recovery mining method accounts for over 60% of uranium production
-Uranium spot price falls by -1% for the week

Given the potential economic and environmental benefits, independent consultant TradeTech explores arguably the most recent successful technology in uranium mining.The in-situ recovery (ISR) mining method, often lower cost than conventional mining, accounts for over 60% of production today and has contributed to a highly competitive supply environment.Such advances in technology and innovation represent a viable path forward for (re)emerging producers at a time when the prevailing uranium market prices remain below the cost of production for many miners.Through the 1990’s, ISR contributed less than 15% of world uranium production. Then, […]

Leading Independent Proxy Advisory Firms Recommend Voting in Favour of UPC’s Arrangement to Form the Sprott Physical Uranium Trust

TSX Trading symbol: U

TORONTO, June 28, 2021 /CNW/ – Uranium Participation Corporation ("UPC") (TSX: U) is pleased to announce that two of the leading independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. LLC ("Glass Lewis"), have recommended that shareholders of UPC vote FOR the plan of arrangement among UPC, Sprott Asset Management LP ("SAM LP", a wholly owned subsidiary of Sprott Inc. (NYSE/TSX: SII)), Sprott Physical Uranium Trust (a newly formed trust to be managed by SAM LP) and 2834819 Ontario Inc. (a newly formed Ontario subsidiary of the Trust) (the "Transaction"). View PDF version .

In their respective reports, ISS and Glass Lewis cite the fairness of the Transaction and the strategic rationale behind the Transaction, including anticipated lower corporate operating costs and the potential for SAM LP to boost the profile of the resulting physical commodity investment vehicle, grow the investor base, […]

Is It Time For Me To Buy Uranium Energy Corp. (AMEX: UEC) Stock Now?

The trading price of Uranium Energy Corp. (AMEX:UEC) floating higher at last check on Monday, 06/28/21, closing at $2.65, 0.76% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.62 and $2.93. In examining the 52-week price action we see that the stock hit a 52-week high of $3.67 and a 52-week low of $0.82. Over the past month, the stock has lost -13.77% in value.

Uranium Energy Corp., whose market valuation is $678.80 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of -$0.06 for 2021 and $0.01 for 2022. It means analysts are expecting annual earnings per share growth of 25.00% this year […]

UEX Corporation Extends Footprint of Michael Lake Zone by 200 m With The Widest Interval of Co-Ni Mineralization Encountered To Date

UEX Corporation Extends Footprint of Michael Lake Zone by 200 m With The Widest Interval of Co-Ni Mineralization Encountered To Date

Saskatoon, Saskatchewan – TheNewswire – June 28, 2021 – UEX Corporation (TSX:UEX, OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce the final drill results from the 2021 winter drilling programs at West Bear and Hidden Bay (Figures 1 & 2). Drill hole MIC-015 encountered Cobalt-Nickel mineralization grading 0.029% Co and 0.024% Ni over 34 m from 154.5 to 188.5 m, which included a subinterval of 0.125% Co and 0.106% Ni over 3.0 m from 154.5 to 157.5 m. Drill hole MIC-015 extends the footprint of the newly discovered Michael Lake Cobalt-Nickel Zone by approximately 200 m to the south of previously reported hole MIC-011 (see UEX news release dated April 21, 2021) and suggests there is continuity down-dip from the previously reported drill holes (Figure 3).

UEX also announces the results of the winter uranium exploration drill program at the Uranium-Nickel Sands Area on the Hidden Bay Project (see […]

Boss Energy MD Duncan Craib on the wave of interest in uranium, and the case to restart Honeymoon

Boss Energy MD Duncan Craib on the wave of interest in uranium, and the case to restart Honeymoon

Boss Energy head honcho Duncan Craib shares the market’s yellowcake optimism. share

Momentum is steadily building for uranium companies, as investors who have bet on the bottom for the past several years begin to see returns amid broader positive sentiment in the market.

Percolating in the background is a wave of optimism that nuclear energy will become a core part of the power mix as the world shifts away from fossil fuels and towards low-emissions power generation.

Much of that comes from the US, where nuclear power makes up around 20% of the national electricity market.The Biden Administration is continuing plans from the Trump Presidency to establish a federal reserve of uranium, which would automatically increase the size of the market for yellowcake, while climate advisor Gina McCarthy has said publicly the White House sees nuclear power standing alongside wind and solar even after the decarbonisation of the grid.Influencer investment […]