Could this UK uranium stock soar in the nuclear energy boom?

Arrow symbol glowing amid black arrow symbols on black background. When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. Read More The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK. […]

Skyharbour Enters into Agreements to Partner with Hatchet Uranium Corp. on Several of its Uranium Projects Located in the Athabasca Basin, Saskatchewan

Skyharbour Resources Ltd logo Vancouver, BC, Nov. 04, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into agreements with a private arm’s-length company, Hatchet Uranium Corp. (the “Hatchet”), whereby Hatchet may acquire an 80% interest in the Company’s 9,339 ha Highway Uranium Property (the “Optioned Property”) and a 100% interest, subject to a claw-back provision for Skyharbour, in the Company’s Genie, Usam and CBX/Shoe Uranium Projects (the “Purchased Property”) totalling 66,358 ha, all located in the Athabasca Basin, Northern Saskatchewan, Canada.

Highway, Genie, Usam, CBX and Shoe Project Map:
https://www.skyharbourltd.com/_resources/images/Hatchet-Property-Option.jpg

Jordan Trimble, President and CEO of Skyharbour, commented “We are excited to enter into this partnership with Hatchet Uranium Corp. as they advance and fund these exploration properties going forward. We are confident in the capable team behind […]

enCore Energy Provides 5 Year Uranium Contracting Strategy Outlook

Zodiac Gold DALLAS, Nov. 4, 2024 /CNW/ – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the " Company " or " enCore" ), a uranium producer and America’s Clean Energy Company™, today provides the Company’s contracting strategy ("Contracting Strategy") and 5 year forward outlook regarding its uranium sales agreements. As of October 31, 2024, the Company has executed seven (7) contracts to supply uranium to nuclear power plants in the United States and holds one (1) legacy contract with a uranium trading company. Our Contracting Strategy Outlook represents our annual contracted sales only. This Contracting Strategy provides enCore with significant exposure to future spot uranium prices on a percentage of our future planned production. The Company’s Contracting Strategy has achieved the objective of establishing a base level of revenue while retaining significant exposure to upside price action.

The Contracting Strategy provides a balance of multiple customers using a blend of […]

Energy Fuels Announces Q3-2024 Results, Including Active Uranium Mining and Processing, Successful Rare Earth Production, and Continuing to Build a World-Scale Rare Earth Supply Chain Centered in the U.S.

Energy Fuels Inc. (NYSE: UUUU) reported Q3-2024 financial results, highlighting uranium and rare earth elements production. The company maintained a strong balance sheet with $183.16M in working capital , including $47.46M cash and no debt. Q3 saw a net loss of $12.08M , primarily due to transaction costs. The company sold 50,000 pounds of U3O8 at $80/pound, securing a new long-term uranium contract with a U.S. utility. Successfully commissioned Phase 1 REE separation circuit, producing 38 tonnes of NdPr. Completed acquisition of Base Resources, adding the Toliara heavy mineral sands project in Madagascar to its portfolio.

Positive Strong balance sheet with $183.16M working capital and zero debt

Secured new long-term uranium contract for up to 550,000 pounds delivery through 2029

Successfully commissioned Phase 1 REE separation circuit, producing 38 tonnes of NdPr Uranium spot sale of 50,000 pounds achieved 54% gross margin Significant inventory position: 1,040,000 pounds of U3O8, 905,000 […]

Energy Fuels Announces Q3-2024 Results, Including Active Uranium Mining and Processing, Successful Rare Earth Production, and Continuing to Build a World-Scale Rare Earth Supply Chain Centered in the U.S.

DENVER, Oct. 31, 2024 /PRNewswire/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), an industry leader in uranium and rare earth elements (" REE ") production, today reported its financial results for the quarter ended September 30, 2024. The Company previously announced details for its upcoming November 1, 2024, earnings call, which are also included in this news release.

"Uranium drives our current financial outlook, while rare earth elements and heavy mineral sand products are significantly adding to our long-term value and growth strategy," said Mark Chalmers, Energy Fuels’ President and Chief Executive Officer. "This quarter, we maintained our clean balance sheet while adding a new long-term U.S. utility customer, completing another spot sale of U 3 O 8 , and commencing processing of the large inventory stockpile of uranium feedstock at the White Mesa Mill, which is expected to continue well into 2025 […]

F3 Uranium Announces Closing of Private Placement for Aggregate Gross Proceeds of C$8 Million

Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – October 31, 2024) – F3 Uranium Corp. (TSXV: FUU) (OTC Pink: FUUFF) (" F3 Uranium " or the " Company ") is pleased to announce the closing of its previously announced "bought deal" private placement (the " Offering ") for aggregate gross proceeds of C$8,000,000, which includes the full exercise of the Underwriters’ over-allotment option. Under the Offering, the Company sold 7,500,000 federal flow-through units of the Company (the " FFT Units ") at a price of C$0.375 per FFT Unit and 12,500,000 Saskatchewan flow-through units of the Company (the " SFT Units ", and together with the FFT Units, the " FT Units ") at a price of C$0.415 per SFT Unit, for an aggregate of 20,000,000 FT Units at a blended price of C$0.40 per FT Unit.

Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner on behalf […]

Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025

Vancouver, British Columbia–(ACN Newswire – October 31, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company")is pleased to provide a summary of work programs on three of it’s 100% owned uranium exploration projects currently under option and plans for targeted exploration strategies to continue advancing its uranium portfolio in the Athabasca Basin region, northern Saskatchewan towards discovery.

The Company holds more than 233,000 acres of prime exploration real estate across the prolific Athabasca Basin region, which hosts the highest-grade uranium deposits on the planet. The Company boasts an attractive portfolio of uranium exploration projects currently available for option ranging from early-stage to drill-ready projects throughout the Athabasca region, providing turn-key opportunities with permits in hand, First Nations agreements signed, vendors secured, and highly prospective uranium targets. Standard Uranium has continued to deliver on its project generator model in 2024 through expansion of landholdings […]

China Uranium Resource Import Research Report 2024-2033

Dublin, Oct. 31, 2024 (GLOBE NEWSWIRE) — The "Research Report on China’s Uranium Resource Import 2024-2033" report has been added to ResearchAndMarkets.com’s offering.

In 2023, China imported 13,123.7 tons of uranium resources, a year-on-year decrease of 3.6%, while the import value reached 1.94 billion USD, a year-on-year increase of 47.5%. According to the analyst’s analysis, from January to July 2024, China imported 9,517.8 tons of uranium resources, a year-on-year decrease of 4.8%, with an import value of 1.55 billion USD, a year-on-year increase of 28.7%. From 2018 to 2023, the average import price of uranium resources fluctuated significantly. In 2019, the average import price of uranium in China was 125.2 USD per kilogram, a year-on-year increase of 38.3%. According to the analyst’s analysis, from 2019 to 2021, the average import price of uranium resources continuously declined, reaching 96.5 USD per kilogram in 2021. In 2022, the average import price of […]

Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025

Standard Uranium (TSXV: STND) provides an update on its uranium exploration projects in the Athabasca Basin region. The company holds 233,000 acres of exploration land and has completed three joint venture earn-in partnerships on Sun Dog, Canary, and Atlantic projects, totaling $23.8M in work commitments over three years. The company has successfully operated drill programs on these projects and expanded its landholdings by 45,000 acres in 2024. Standard Uranium continues its project generator model, offering turn-key opportunities with permits and First Nations agreements in place.

Positive Secured $23.8M in work commitments through three joint venture partnerships

Successful drill programs confirmed uranium mineralization in Atlantic and Canary projects

Expanded landholdings by 45,000 acres through low-cost staking Monetized Brown Lake project while retaining 10% free carried interest Negative None. 10/31/2024 – 07:00 AMVancouver, British Columbia–(Newsfile Corp. – October 31, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" […]

Azincourt Energy Options Advanced Uranium Project in Labrador

VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“ Azincourt ” or the “ Company ”) (TSX.V: AAZ, OTC: AZURF) , is pleased to announce that it has entered into a definitive property option agreement with BR Corporation Pty Ltd. (the “ Optionor ”), an arms-length party, pursuant to which it has been granted the option (the “ Option ”) to acquire up to a one-hundred percent interest in and to a mineral claim block located in the Province of Newfoundland and Labrador, commonly known as the “Snegamook Project” (the “ Project ”).

The Project is strategically located to the southeast of Snegamook Lake within Labrador’s Central Mineral Belt and less than 1 km south of the Two Time Zone Project (Indicated and Inferred resource of 5.55 Mlb U3O8, June 2008)*, formerly held by Silver Spruce Resources Inc., and consists of a mineral claim block comprised […]

Bay-Bay Water’s Purified Distilled Water is 100% Free of Uranium, Silver and Selenium

The Miami-based company offers pure, safe, and convenient distilled water for busy parents.

MIAMI LAKES, FL, UNITED STATES, October 29, 2024 / EINPresswire.com / — Bay-Bay Water , a trusted provider of distilled water for baby formula and cereals, is proud to announce that its products are 100% free of uranium, silver, selenium and a wide range of other harmful contaminants. The company’s purified distilled water is designed specifically with busy parents in mind, offering a safe and convenient solution for mixing baby formula and cereals on the go.

"At Bay-Bay Water, we understand that finding the purest and safest distilled water for your baby can be a daunting task, especially when you’re always on the go," said Osmay Gonzalez, spokesperson for Bay-Bay Water. "That’s why we’ve created a product that is not only free of harmful contaminants but also comes in convenient, single-serve BPA-free bottles that you can take […]

2 Uranium Plays to Play a Nuclear Renaissance

Celli07 / iStock via Getty Images The nuclear power utilities have really heated up as some tech titans turned to small nuclear reactors to help fuel their AI data centers of the future. Indeed, Vistra ( NYSE:VST ) has enjoyed high triple-digit gains in the last 18 months on the back of this nuclear renaissance of sorts. Undoubtedly, only time will tell if the red-hot Vistra is overheated and overdue for a meltdown. Either way, the name looks too hot to handle for most.

In any case, there are more than a handful of ways to play a nuclear energy renaissance. In this piece, we’ll look at two cheaper uranium-mining plays to bet on the trend. Key Points About This Article

Cameco is a fantastic Canadian uranium miner that’s still a buy at close to all-time highs.

The Sprott Uranium Miners ETF is also worth considering for those looking […]

Cameco Is the Leading Play on Nuclear Power, And It Pays to Own Cameco is well-positioned to deliver positive cash flow and improve shareholder value as demand for uranium grows. Rising uranium prices are aiding margins.

Cameco nuclear power Cameco (NYSE: CCJ) is the leading player in nuclear power today because it is the leading provider of uranium. The industry would be powerless without uranium and the services that turn the raw ore into usable fuel.

Cameco’s business spans the industry from mining to finished products that fuel light and heavy-water reactors. The critical detail is that this company makes money today, unlike the speculative next-gen reactor stocks, and its 250% two-year share price increase reflects this.

What matters today is that a growing demand for fuel from the established nuclear power production industry supports Cameco’s business. The company has ample reserves, sufficient exploration to offset reserve depletion, and positive cash flow to sustain balance sheet health and capital returns. The business is also supported by diversification into services. The recent acquisition of Westinghouse, an established provider of reactor supplies, equipment, and services, provides a more diversified […]

Myriad Uranium Exercises Initial 50% Option on Copper Mountain

Myriad Uranium Vancouver, British Columbia–(Newsfile Corp. – October 28, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company "), which holds an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, is pleased to announce that it has exercised its option to acquire an initial 50% interest (subject to certain underlying NSR royalties – see the Company’s management’s discussion and analysis dated August 28, 2024 for further details) under the property option agreement with Rush Rare Metals Corp. ("Rush") dated October 18, 2023, as amended (see announcements here and here ).

As announced by Myriad on October 21, 2024 (see news release here ) Myriad was eligible to accelerate because its qualifying expenditures at Copper Mountain have now exceeded $1,500,000, and Myriad has now issued an aggregate of 1,093,702 Myriad common shares (each, a "Share") having an aggregate […]

Uranium Royalty Acquires Existing Royalty on Cameco’s Advanced Stage Millennium and Cree Extension Uranium Projects

VANCOUVER, BC, Oct. 28, 2024 /CNW/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) (" URC " or the " Company ") is pleased to announce that it acquired an existing royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan, Canada (the " Projects ") from a third-party industrial gas company for total cash consideration of $6 million.

Highlights: The acquired royalty is a net profit interest (NPI) of 10% on an approximate 20.6955% participating interest in the Projects. The royalty becomes payable after recovery of all qualifying preproduction expenditures incurred after the establishment of the royalty.

The Millennium Project hosts an Indicated Mineral Resource of 75.9 million pounds U 3 O 8 at an average grade of 2.39% U 3 O 8 and an Inferred Resource of 29.0 Mlbs U 3 O 8 at an average grade of 3.19% U 3 O 8 , which places […]

Uranium ETFs Surge as Big Tech Powers Up With Nuclear Energy

Being an essential component in sustainable and reliable energy generation, the growing interest in nuclear energy has led to an optimistic outlook for Uranium.

Driven by the global shift toward clean energy and increasing energy demands of AI, bullish factors favor a future surge in price for the commodity, making uranium prices a critical point of focus for investors and potentially fueling long-term demand for the metal. Uranium Demand to Further Soar as AI’s Power Appetite Grows

To keep up with the growing demand for artificial intelligence (AI) and address clean energy requirements, tech giants are turning to nuclear energy to power the energy-intensive data centers for training and operating the large-scale AI models used in today’s generative AI applications.

According to Open AI, as quoted on CNBC, over 200 million people were using ChatGPT on a weekly basis, as of August, double the 100 million weekly active users recorded […]

GX Uranium ETF Elliott Wave technical analysis [Video]

GX Uranium ETF Elliott Wave analysis

The Global X Uranium ETF (GX URA) provides investors exposure to the uranium sector, tracking companies engaged in uranium mining, exploration, and production globally. As nuclear energy gains traction as a cleaner power source, uranium demand could rise, positioning the GX URA ETF as an appealing opportunity for investors interested in the sector’s potential growth. Long-term Elliott Wave analysis

Looking at the GX URA ETF through an Elliott Wave lens, the ETF appears to be in a prolonged bullish correction after a notable downtrend. Between February 2011 and March 2020, the price consistently declined, forming lower lows and lower highs, which fit an extended impulse wave pattern. This downtrend culminated in March 2020, after which the price began a recovery sequence. Daily chart analysis

Following this low, the ETF completed an impulsive wave A (circled) of the primary degree by November 2021, […]

โ€˜Trading on hypeโ€™: Investors bet against nuclear despite big tech interest

By Kayla Olaya

October 28, 2024 — 5.15am , register or subscribe to save articles for later. Save articles for later

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4 minUranium miners have emerged among the most shorted stocks on the Australian market, with local investors betting against a boom in US tech companies’ use of nuclear power to fuel energy-hungry AI data centres.Microsoft, Google and Amazon have signed multimillion-dollar nuclear deals to power their data centres. More recently, Amazon invested $US500 million ($757 million) in developing small modular reactors, and Bill Gates’ nuclear company TerraPower has secured more than $US3 billion in funding for “next-generation nuclear power”. One of Deep Yellow’s uranium mines in the Northern Territory. Credit: This surge in nuclear interest has trickled down to the ASX, though investors remain sceptical. Uranium companies Boss Energy, Paladin Energy […]

The Nuclear Shift: 3 Best Uranium ETFs to Invest in for 2024

The demand for clean, reliable energy is skyrocketing, driven by concerns about climate change and energy security. Nuclear power could be a solution, and the industry is undergoing a rapid strategic shift that could transform the renewable energy sector . Once highly controversial, nuclear power is now experiencing a resurgence due to technological advancements and the recognition of its potential to address pressing issues. From small modular reactors (SMRs) to tech giants investing in refurbishing outdated infrastructure, the nuclear sector is seeing a surge in investments. All of these investments require one thing: fuel, and that is why the industry is united in its focus on uranium, the essential fuel for most nuclear reactors. For investors seeking to capitalize on this growing trend without the hassle of getting a nuclear science degree, uranium exchange-traded funds (ETFs) offer an attractive opportunity in this quickly growing market segment. Understanding the Uranium […]

Peak climbs mountain with uranium-rutile move

By Craig Nolan

October 25, 2024 — 5.34pm , register or subscribe to save articles for later. Save articles for later

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6 minThis week’s Runner of the Week is Peak Minerals. After closing at 0.2c last Friday, Peak sprinted out of the blocks Monday morning with its price doubling at 0.4c for a quick-fire 100 per cent gain before being hit with a speeding ticket from ASX’s compliance storm troopers.The ASX rolled-out its best Pauline Hanson impersonator, asking Peak to “please explain” the rapid rise in the share price. This week’s Bulls N’ Bears ASX Runner of the Week is … Peak Minerals. After a pause in trading allowing for Peak to reply to the ASX’s query, the share price continued its rapid momentum, touching a high of 0.6c for the day on […]

Skyharbour Announces ANT Survey Prior to Upcoming Drill Program as well as Summary of 2024 Drilling to Date at Russell Lake Uranium Project, Northern Saskatchewan

Skyharbour Resources Ltd logo

Vancouver, BC, Oct. 24, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has carried out an Ambient Noise Tomography (ANT) survey prior to the upcoming fall drill program, and has received the remaining results from the second phase of the program earlier this year at the 73,294 hectare Russell Lake Uranium Project (“Russell” or the “Project”). The Project is 51% owned by Skyharbour as operator, with joint-venture partner Rio Tinto Exploration Canada Inc. (“RTEC”) owning the other 49%. It is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan adjacent to regional infrastructure, including an all-weather road and powerline, allowing for drilling throughout all seasons.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg
ANT Survey and Fall Drill Campaign: In preparation for the […]

Skyharbour Completes Majority Earn-In and Forms Joint-Venture with Rio Tinto at Russell Lake Uranium Project in the Athabasca Basin

Skyharbour Resources Ltd logo Vancouver, BC, Oct. 23, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has completed its earn-in requirements to earn a 51% interest in the Russell Lake Uranium Project, located in Northern Saskatchewan, Canada (the “Property”), pursuant to the option agreement dated May 10 th , 2022, as amended on January 15, 2024 (the “Agreement”) with Rio Tinto Exploration Canada Inc. (“Rio Tinto”). The Project is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan adjacent to regional infrastructure, including an all-weather road and powerline. Skyharbour will also be commencing an upcoming fall drill program which will consist of approximately 4,000-5,000m at the project.

Russell Lake Project Location Map:

http://www.skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg

Formation of the JV: Pursuant to the Agreement, Skyharbour has now earned a […]

enCore Energy Continues to Expand Uranium Production at the Alta Mesa Plant

NASDAQ:EU
TSXV: EU
www.encoreuranium.com

DALLAS, Oct. 24, 2024 /CNW/ – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU ) (the " Company " or " enCore" ), a uranium producer and America’s Clean Energy Company™, today provided an update on the production ramp up at its South Texas Alta Mesa In-Situ Recovery ("ISR") Uranium Central Processing Plant ("Alta Mesa CPP") and Wellfield. The Company has achieved an important milestone in the expansion of production and is now nearing flow capacity at the first of Alta Mesa CPP’s three ion exchange circuits ("IX circuits"). The three IX circuits can provide dissolved uranium in groundwater to the Alta Mesa CPP from multiple wellfields simultaneously. enCore Energy’s Alta Mesa Plant (CNW Group/enCore Energy Corp.) enCore Energy CPP Process (IX Circuits operate within Resin Reloading) (CNW Group/enCore Energy Corp.) Significant operational highlights include: The three IX circuits each have 2,500 gallons per minute […]

Skyharbour Announces ANT Survey Prior to Upcoming Drill Program as well as Summary of 2024 Drilling to Date at Russell Lake Uranium Project, Northern Saskatchewan

Skyharbour Resources has completed an Ambient Noise Tomography (ANT) survey at its Russell Lake Uranium Project ahead of a planned fall drill program. The survey, using Fleet Space Technologies’ ExoSphere technology, targeted the Grayling and Fork areas where previous drilling found high-grade uranium.

The company reported results from its 2024 drilling program, highlighting a significant discovery in hole RSL24-02 which yielded 0.721% U3O8 over 2.5 metres , including 2.99% U3O8 over 0.5 metres at 339.6 metres depth. The total drilling campaign comprised 5,152 metres across ten holes in two phases.

Skyharbour is now fully funded and permitted for a follow-up fall campaign of approximately 7,000 metres, split between Russell (4,500m) and Moore (2,500m) projects.

Vancouver, BC, Oct. 24, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has carried out an Ambient Noise Tomography (ANT) survey prior […]

The Nuclear Shift: 3 Best Uranium ETFs to Invest in for 2024

Uranium tag on the pile of periodic table of the chemical elements tags The demand for clean, reliable energy is skyrocketing, driven by concerns about climate change and energy security. Nuclear power could be a solution, and the industry is undergoing a rapid strategic shift that could transform the renewable energy sector . Once highly controversial, nuclear power is now experiencing a resurgence due to technological advancements and the recognition of its potential to address pressing issues. From small modular reactors (SMRs) to tech giants investing in refurbishing outdated infrastructure, the nuclear sector is seeing a surge in investments. All of these investments require one thing: fuel, and that is why the industry is united in its focus on uranium, the essential fuel for most nuclear reactors. For investors seeking to capitalize on this growing trend without the hassle of getting a nuclear science degree, uranium exchange-traded funds (ETFs) […]