As the uranium market improves, GovieEx plans to “reinvigorate” the development of the Mutanga Project with targeted resource exploration drilling later this year The company said it looked forward to ‘advancing and deepening’ its long-term and ‘mutually beneficial relationship with the Republic of Zambia’ GoviEx Uranium Inc (CVE:GXU) (OTCQB:GVXXF) (FRA:7GU) announced that it has received a letter from the Mining Cadastre Department of the Republic of Zambia, notifying it that the previously cancelled Chirundu mining license (12634-HQ-LML) has now been reinstated.

"We warmly welcome the decision made by the Mining Cadastre concerning the reinstatement of the Chirundu mining license and believe this decision was well-considered and in the best interests of all stakeholders in Zambia and abroad,” GoviEx Executive Chairman Govind Friedland said in a statement.

He noted that the Zambian Government has telegraphed its strategy to diversify its mining industry from the heavy weighting of base metals, and advance “its […]

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Lotus Resources has appointed Dr Robert Rich as uranium marketing and sales executive for the company. Lotus Resources (ASX: LOT) has welcomed a new uranium marketing and sales executive to its team as it aims to capture long-term offtake deals for the Kayelekera uranium project in Malawi.

The company today announced the appointment of Dr Robert Rich, who brings more than three decades of experience working as a nuclear fuel consultant. In this role, he advised major US utilities in the procurement of nuclear fuels and worked with a wide range of producers in securing offtake agreements.

Lotus managing director Keith Bowes said Dr Rich is “clearly one of the leaders” in the sector globally, having worked extensively with both uranium producers and utility companies for more than 30 years.

“One of the key requirements in securing long-term offtake with major utilities is having established working relationships with these groups.”“With the uranium […]

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As the uranium spot price rose 3.8% for the week, share prices of current and prospective uranium producers rose solidly

-Uranium equities outperform most indices
-Cameco and Kazatomprom production reports
-Uranium spot price rise by 3.8% for the week

Share prices of current and prospective uranium producers rose solidly last week. A contributing factor was the announcement by Sprott Asset Management and physical uranium investment vehicle Uranium Participation Corporation (UPC) of an agreement to modernise the UPC business structure and pursue a US listing. For further detail refer to last week’s article: https://www.fnarena.com/index.php/2021/05/04/uranium-week-new-uranium-investment-vehicle/ Investment managers Shaw and Partners believe the importance of this announcement cannot be overstated. A US listing of UPC under Sprott may provide the investment vehicle with access to more capital and be linked to additional purchases of uranium in the spot market.Those additional purchases may put pressure on spot prices and cause an increase in […]

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The COVID-19-pandemic-induced halt in the construction of new plants, a series of mine closures in Canada and dwindling secondary supplies fueled a spike in U308 prices in May 2020. However, as of March 31, 2021, the uranium spot price has declined 15.5% to $28.33 since May 31, 2020. With uranium companies reopening their primary mines, there could be a significant improvement in supply conditions this year. As such, uranium prices may slide further in the coming months.

However, with President Biden’s push to reduce carbon emissions and recent failures of traditional green-energy power systems driving investment in new nuclear plants, the uranium shortage seems less likely to occur. Hence, we think the short-term outlook for the metal is uncertain.

This year is expected to witness a reversal of 2020’s gains as COVID-19 production issues end and supply returns to normal without a significant increase in demand. Against this backdrop, shares of […]

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"We are very pleased and warmly welcome the decision made by the Mining Cadastre concerning the reinstatement of the Chirundu mining license and believe this decision was well considered and in the best interests of all stakeholders both in Zambia and abroad. The Zambian Government has indicated its strategy to diversify its mining industry from the heavy weighting of base metals and advancing its long-term desire to include uranium and clean baseload nuclear power as part of its economic development plans. As the uranium market improves, the Company plans to reinvigorate the development of the Mutanga Project starting with targeted resource exploration drilling later this year. We look forward to advancing and deepening our long-term and mutually beneficial relationship with the Republic of Zambia," stated GoviEx’s Executive Chairman Govind Friedland.

The Chirundu Mining License was acquired from African Energy Resources Ltd. (ASX: AFR) in October 2017 and includes the […]

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VANCOUVER, BC, May 10, 2021 /PRNewswire/ – Uranium Royalty Corp. (TSXV: URC) (Nasdaq: UROY ) ("URC" or the "Company") is pleased to announce it has completed the previously announced acquisition of royalty interests on the McArthur River and Cigar Lake Mines in Saskatchewan, Canada. In addition, pursuant to the transaction the Company acquired an option to acquire a royalty on the Dawn Lake project, located in Saskatchewan, Canada.

Highlights Uranium Royalty Corp. Completes Acquisition of Royalties on McArthur River and Cigar Lake Mines from Reserve Minerals Corp. and Secures Option on Dawn Lake Project (CNW Group/Uranium Royalty Corp.) Royalty exposure to world-class and long-life mines : The McArthur River and Cigar Lake mines rank as the two largest high-grade uranium mines in the world, with ore grade 100 times world averages as disclosed by Cameco. Based on disclosed production capacities, the mines have the combined capacity equal to 21% […]

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Uranium and cobalt-nickel explorer, Alligator Energy (ASX:AGE) , has made the first step towards becoming a uranium producer, after announcing a strategic agreement with global commodities trader, Traxys.

The agreement saw Alligator forming an exclusive partnership with Traxys North America LLC, the US arm of the commodities trading group Traxys.

Under the deal, Traxys will provide a full scope of work for Alligator’s uranium project, which includes marketing services on future uranium production, long term off-take contracting, and project development financing.

Traxys will also assist Alligator in project acquisition opportunities. Becoming a uranium producer Traxys is a well-known global player in the trading of metals, minerals and alloys, with a turnover exceeding US$6 billion annually.The company’s uranium trading division covers the regions of Americas, Europe, Australia and Asia, and transacts up to 15 million pounds of U308 annually. It also manages contract supply books in conversion, UF6, futures and options.Alligator believes that […]

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VANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that mobilization has begun for its 2021 diamond drilling program at its flagship 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine’s Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. The Company has now completed a 9 km Small Moving Loop EM (SML-EM) geophysical program to refine additional drill targets and has begun mobilization of drilling equipment for a subsequent minimum 3,500 metre diamond drilling program consisting of at least 7-8 drill holes. This fully funded and permitted program will focus on following-up on existing unconformity and basement-hosted targets along the high grade Maverick structural corridor as well as newly defined targets at the Grid Nineteen area.

Moore Uranium Project Claims Map: https://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure-v1.jpg

[…]

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The S&P/TSX Venture Composite Index (INDEXTSI: JX ) was on the decline last week, opening at 961.44 and closing the five day period at 955.23.

Statistics Canada said last Friday (May 7) that the country’s economy lost 207,000 jobs in April due to a new round of coronavirus-related lockdowns. The loss was higher than the expected amount of 175,000.

Meanwhile, in the commodities sector, gold broke past the US$1,800 per ounce mark, while the price of copper reached a new all-time high . Uranium Price Forecasts and Top Uranium Stocks to Watch Against that backdrop, the TSXV-listed mining stocks below saw the biggest share price moves last week: Petro Victory Energy (TSXV: VRY )

Razor Energy (TSXV: RZE ) Purepoint Uranium Group (TSXV: PTU ) Emerita Resources (TSXV: EMO ) BCM Resources (TSXV: B ) Here’s a look at what may have moved their share prices over the last five […]

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Berkeley continues to hold its swords high, both on account of its activity in Retortillo, Salamanca, the town chosen to open the largest open pit uranium mine in Europe. And he does not lose hope despite the open fronts on all sides.

The first is the processing in the Courts of the Climate Change Law. The company considers that the new regulations, already approved in the Lower House, it will not affect the Salamanca mine for its start-up. This is how the company has been advancing it on numerous occasions. Berkeley alleges that it is the holder of the legal, valid and consolidated rights for the investigation and also for the exploitation of its mining projects, including a 30-year mining license, extendable for another 30 years, for the uranium mine in Retortillo. And it stresses that any retroactive measure that expropriates Berkeley’s legal rights would be unacceptable.

For now, after passing […]

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Boss eyes uranium production

The Perth company pushing to re-open the mothballed Honeymoon uranium mine in South Australia’s north-east says it has all of the required permits to restart mining operations.

Last week’s Boss Energy announcement to the ASX comes after the company conducted a comprehensive permit review for federal and state approvals to mine, process, store, transport and export uranium from Honeymoon in the state’s north-east.

Boss said the permits included the ion exchange columns, which aimed to reduce costs.It said the announcement placed the company one step closer to producing uranium at the dormant mine, which was closed in 2013 because it was too expensive to run.“We will now complete the Enhanced Feasibility Study in the coming weeks, paving the way for binding offtake contracts and a clear pathway for the re-start of production, thereby capitalising on Boss’ first-mover advantage in the uranium cycle,” Managing Director Duncan Craib […]

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TORONTO, May 6, 2021 /CNW/ – Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML ) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended March 31, 2021. Both documents can be found on the Company’s website at www.denisonmines.com or on SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version View PDF Denison Reports Results from Q1 2021 (CNW Group/Denison Mines Corp.) David Cates, President and CEO of Denison commented , " During the first quarter of 2021, Denison capitalized on improved market sentiment for the role of nuclear energy, as part of the global clean energy transition movement, and entered into strategic financings that have […]

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Energy Fuels (TSX:EFR) is engaged in uranium extraction and recovery , along with the exploration, permitting, and evaluation of uranium properties in the United States. The company also extracts and recovers vanadium as market conditions warrant and is planning to commence the commercial production of rare earth element (REE) carbonates in 2021, another by-product of the uranium recovery process. Valuable uranium assets

Energy Fuels owns the Nichols Ranch uranium recovery facility in Wyoming, which is a uranium recovery facility with a licensed capacity of two million pounds of uranium per year, and the Alta Mesa project in Texas, which is a fully permitted uranium production facility with a licensed capacity of 1.5 million pounds of uranium per year. In addition, Energy Fuels owns the White Mesa mill, which is the only conventional uranium and vanadium recovery facility operating in the United States with a licensed capacity of over eight […]

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While traditional sources of fuel spark environmentalists’ concerns about climate change and the impact on the environment, politicians around the world are focused on investigating alternative sources of energy. One option that’s growing in popularity is uranium, a highly unstable element used to generate energy in nuclear power plants.

Companies that invest in uranium storage, discovery, control and operations have seen steady increases in value throughout 2020 and 2021 as safe nuclear technology continues to develop. Learn more about uranium stocks in this guide. Overview: Uranium Stocks

Uranium is a naturally occurring nonrenewable resource. Unlike other nonrenewable resources (like coal and fossil fuels) the Earth has a significantly larger amount of uranium reserves that have yet to be tapped, which means that uranium can be used as a fuel source for much longer when compared to fossil fuels.

Uranium is used to power the process of nuclear fission. During nuclear fission, […]

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TORONTO, May 6, 2021 /PRNewswire/ – Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended March 31, 2021. Both documents can be found on the Company’s website at www.denisonmines.com or on SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version

David Cates, President and CEO of Denison commented , " During the first quarter of 2021, Denison capitalized on improved market sentiment for the role of nuclear energy, as part of the global clean energy transition movement, and entered into strategic financings that have significantly de-risked the Company’s balance sheet and provide considerable financial flexibility for the […]

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Big Market Research Add New Global Uranium Market by Manufacturers, Countries, Type and Application, forecast to 2025 to its research database presenting an informative study covering the market with detailed analysis. The Uranium Market report is a professional and in-depth study on the current state of global Industry.

The report begins with a brief introduction and market overview of the Uranium industry followed by its market scope and size. Next, the report provides an overview of market segmentation such as type, application, and region. The drivers, limitations, and opportunities for the market are also listed, along with current trends and policies in the industry.

Request a sample of this premium research: https://www.bigmarketresearch.com/request-sample/4050235?utm_source=KI&utm_medium=Rajashree

Key players in the global Uranium Market : China National Nuclear CorpEnergy Resources of Australia LtdOranoKazatompromSinohydroSinosteelGoviExBHP BillitonJOGMECJinduicheng MolybdenumU3O8 CorpAREVACNNCAmerican Uranium Corp. IncCamecoThe report offers an extensive analysis of key drivers, leading market players, key segments, and regions. […]

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Will uranium be the next market to benefit from a Reddit bump?

Members of the digital collective helped push GameStop (NYSE: GME ) shares and silver prices up earlier this year, and now attention appears to be centering on the uranium space.

The GameStop saga began in January, and saw members of Reddit’s WallStreetBets forum drive their favorite stock through the roof. Company shares reached an all-time high of US$324, a bump of over 5,000 percent year-over-year, before declining to the current level of about US$160. Uranium Price Forecasts and Top Uranium Stocks to Watch Did You Know That Uranium Was A Top Commodity In 2020?

Don’t Miss Out This Year With Our Exclusive FREE 2021 Uranium Outlook Report! Soon after the GameStop short squeeze started attracting interest, another faction of Redditors set their sights on silver. WallStreetSilver users began snapping up the metal , with their actions ultimately pushing […]

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Summary

Uranium Participation Corp. has seen recent strength after the agreement with Sprott to achieve a liquid U.S. listing.

The company now trades materially above NAV (on my estimates by about 20%), compared to a discount for much of 2020.

Though there are reasons to be constructive on uranium pricing going forward now may be a prudent time to trim exposure or explore substitute vehicles. Ironically, a Sprott fund may not be a way for the premium to NAV to persist, some Sprott funds trade at a discount to NAV as has Uranium Participation Corp. for much of its history. Photo by RHJ/iStock via Getty Images Last summer, I wrote some bullish pieces on Uranium Participation Corp. ( OTCPK:URPTF ) due to a material NAV discount. Now, by way of an update, Uranium Participation Corp’s meaningful premium to net asset value may present an opportunity to trim exposure at […]

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Photo by vchal/iStock via Getty Images Investment Thesis

Vimy Resources (ASX:VMY) ( OTCQB:VMRSF ) is an Australian uranium developer with a far advanced and significantly derisked project called Mulga Rock. Vimy will become one of the lowest cost producers with significant leverage to uranium prices, which need to at least double from here to balance supply and demand in the coming years. Vimy’s low valuation at around one fifth of NAV, high likelihood of getting into production and excellent management makes it one of my top picks for the upcoming uranium bull market. Uranium Market

The uranium market consists of the spot market, which is currently thinly traded with prices around $30/lb, and the long term contracting market. Long term contracts are typically priced around 20% higher than spot and for a variety of reasons almost no new contracts have recently been closed between utilities and miners. Longer term […]

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