Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length Article content

VANCOUVER, British Columbia, Sept. 03, 2024 (GLOBE NEWSWIRE) — Saga Metals Corp. (the “Company” or “Saga”) , a North American exploration company focused on critical mineral discovery in Canada, is pleased to provide an update on the 2024 field exploration program at the Double Mer Uranium project as well as the initial public offering (IPO). Figure 1: Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length

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The Double Mer Uranium Project is a core focus of the Company, containing 1,024 claims spanning 25,600 hectares located in the eastern central region of Labrador, Canada approximately 90 km northeast of Happy Valley-Goose Bay. With considerable capital deployed in historical work on the Double Mer property, the Company has a leg up entering this 2024 field season. Having evaluated reports […]

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Vancouver, British Columbia–(Newsfile Corp. – September 4, 2024) – Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (“ Cosa ” or the “ Company “) is pleased to announce that diamond drilling has commenced at the Company’s 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (“ Ursa ” or the “ Property “).

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Highlights Drilling at the Kodiak target area will follow-up a significant zone of sandstone alteration and structure with geochemical enrichment intersected by 2024 drill hole UR24-03

Drilling at the Grizzly target area will evaluate the down-dip extension of strongly anomalous uranium geochemistry with structure and alteration intersected in multiple historical drill holes Optimal targets remain untested at both Kodiak and Grizzly Keith Bodnarchuk, President and CEO, commented: “With drilling now […]

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Skyharbour Resources Ltd logo Vancouver, BC, Sept. 03, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced a 2,500 metre summer drill program at its 100% owned, 35,705 hectare high-grade Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. The drill program has been designed to expand and further characterize the high-grade Main Maverick and Maverick East Zones, utilizing the existing Moore Lake camp, with Skyharbour’s McGowan Lake camp at the Russell Lake Project serving as a secondary base of operations. The Company is fully funded and permitted for this drill program, as well as for future drilling, including 4,000 – 5,000 metres to be […]

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ATHA Energy Corp. HIGHLIGHTS: The Angilak Project is host to the Lac 50 Uranium Deposit (the “ Lac 50 Trend ”), one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U 3 O 8 . 1 Drilling conducted by Latitude Uranium at the Angilak Project in 2023 intersected grades of up to 7.54 % U 3 O 8 over 1.6 m.

The 2024 Angilak Exploration Program has concluded after twenty-five diamond drill holes were completed between early June and late August for a total of ~10,051 m. The program was highly successful and on budget .

All objectives were successfully achieved with the expansion of the historic footprint of mineralization along the Lac 50 Trend and the identification of new parallel mineralized trends called the Lac 48, Lac 52, and […]

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced a 2,500 metre summer drill program at its 100% owned, 35,705 hectare high-grade Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. The drill program has been designed to expand and further characterize the high-grade Main Maverick and Maverick East Zones, utilizing the existing Moore Lake camp, with Skyharbour’s McGowan Lake camp at the Russell Lake Project serving as a secondary base of operations. The Company is fully funded and permitted for this drill program, as well as for future drilling, including 4,000 – 5,000 metres to be drilled later in the fall of 2024 at the adjacent Russell Lake […]

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Vancouver, BC, Sept. 03, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX – V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced a 2,500 metre summer drill program at its 100% owned, 35,705 hectare high-grade Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. The drill program has been designed to expand and further characterize the high-grade Main Maverick and Maverick East Zones, utilizing the existing Moore Lake camp, with Skyharbour’s McGowan Lake camp at the Russell Lake Project serving as a secondary base of operations. The Company is fully funded and permitted for this drill program, as well as for future drilling, including 4,000 – 5,000 metres to be drilled later […]

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VANCOUVER, British Columbia, Sept. 03, 2024 (GLOBE NEWSWIRE) — Saga Metals Corp. (the “Company” or “Saga”) , a North American exploration company focused on critical mineral discovery in Canada, is pleased to provide an update on the 2024 field exploration program at the Double Mer Uranium project as well as the initial public offering (IPO). Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length Figure 1: Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length

The Double Mer Uranium Project is a core focus of the Company, containing 1,024 claims spanning 25,600 hectares located in the eastern central region of Labrador, Canada approximately 90 km northeast of Happy Valley-Goose Bay. With considerable capital deployed in historical work on the Double Mer property, the Company has a leg up entering this 2024 field season. Having evaluated reports identifying a 14 […]

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This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

Brokers and industry consultant TradeTech question the growing disconnect between the U308 spot price and uranium market demand/supply dynamics.

-Activity pops in the last week of August
-U308 spot price remains under pressure
-Aussie producers simply too cheap? Buyers surface as U308 price falls It has not escaped the attention of Petra Capital that Kazatomprom’s updated 2025 production guidance (Aug 23) of 65-69mlbs of U308, a reduction of -8-13mlbs from guidance at the start of 2024, has not had the expected impact on share prices of ASX-listed uranium companies.Industry consultant TradeTech makes a similar observation in its August monthly update regarding the world’s largest uranium producer’s revised 2024 and 2025 production and the (absent) resulting reaction in spot uranium prices.Kazatomprom revised up its 2024 production estimates at the start of August as part […]

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Processed uranium ore, known as yellowcake, packed in special, tightly sealed steel drums. / IAEA image bank, cc-by-2.0 With nuclear a key part of the energy transition to zero emissions, the world uranium market continues to assess the implications of guidance from Kazatomprom, the world’s leading producer of the heavy metal, in which the company lowered its production forecast for 2025 to 25,000-26,500 tonnes, down from the previously anticipated 30,500-31,500 tonnes.

The Kazakh company partly attributed the adjustment to ongoing delays in construction at new deposits and difficulties in securing sulfuric acid, which is essential for uranium extraction. The adjustment followed an earlier increase in this year’s production target to 22,500-23,500 tonnes.

Kazatomprom previously indicated that if restricted access to sulfuric acid continued into 2024 and the company proved unable to address the construction backlog at new sites, there could be negative impacts on its production plans for 2025.

Uranium mining in […]

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VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | OTC PINK: GURFF | FRA: Q3J) (the “ Company “) announces an update to the non-brokered private placement which it first announced on July 24, 2024.

The updated private placement will now be for proceeds up to C$2,250,000 (the “ Revised Offering ”) and expects that the Revised Offering will close on or about October 14, 2024.Article contentThe Revised Offering is expected to consist of the offering of: (i) units of the Company at a price of $0.35 per unit (the “ $0.35 Unit ”) for aggregate gross proceeds of up to C$1,500,000, with each $0.35 Unit comprised of one non-flow-through common share of the Company (each, a “ Share ”) and one Share purchase warrant of the […]

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StreetInsider.com Top Tickers, 8/30/2024

1. ULTA
2. ESTC
3. LULU 4. ADSK 5. MDB 6. DELL 7. MRVL 8. BBY 9. DG 10. SPY Top News Most Read Special Reports Wall Street poised for higher open after July inflation data Intel considers splitting off foundry business, scrapping factory plans- Bloomberg World stocks end turbulent month higher as U.S. inflation data looms Dell raises forecasts as demand surges for Nvidia powered AI servers European shares hit record high as real estate stocks surge Filed Pursuant To General Instruction II.L of Form F-10 Registration No. 333-272534 PROSPECTUS SUPPLEMENT To the Short Form Base Shelf Prospectus Dated July 20, 2023 NEW ISSUE AUGUST 29, 2024 URANIUM ROYALTY CORP. Up to US$39,000,000 Common Shares This prospectus supplement (the “ prospectus supplement ”) of Uranium […]

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Processed uranium ore, known as yellowcake, packed in special, tightly sealed steel drums. / IAEA image bank, cc-by-2.0 With nuclear a key part of the energy transition to zero emissions, the world uranium market continues to assess the implications of guidance from Kazatomprom, the world’s leading producer of the heavy metal, in which the company lowered its production forecast for 2025 to 25,000-26,500 tonnes, down from the previously anticipated 30,500-31,500 tonnes.

The Kazakh company partly attributed the adjustment to ongoing delays in construction at new deposits and difficulties in securing sulfuric acid, which is essential for uranium extraction. The adjustment followed an earlier increase in this year’s production target to 22,500-23,500 tonnes.

Kazatomprom previously indicated that if restricted access to sulfuric acid continued into 2024 and the company proved unable to address the construction backlog at new sites, there could be negative impacts on its production plans for 2025.

Uranium mining in […]

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

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has announced the mobilization of drill crews to its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan. The company plans up to 4,000 metres of drilling in its second diamond drilling campaign at Ursa. Key points include:

– Targeting follow-up on sandstone-hosted alteration and structure with associated anomalous uranium geochemistry
– Anticipated receipt of preliminary geophysical models across multiple projects
– Drilling expected to commence shortly and continue into October
– Results of Ambient Noise Tomography (ANT) surveys at Ursa and Orion projects expected in early September
– Geophysical interpretations from airborne VTEM and gravity surveys at Aurora and Orbit expected in coming weeksThe company aims to update stakeholders with detailed plans in the coming days and remains committed to discovering the next tier-1 uranium deposit in the Athabasca Basin.Positive Initiation of second drilling campaign at 100% owned Ursa uranium Project […]

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20-Year Pro Trader Reveals His “MoneyLine” — Simple Trades

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The week started with political proposals that will lead to production cuts and a reduced food supply. In the middle of the week, DKI released its new health care stock idea. Subscribers are already up around 20% in the name. The week ended with uranium production cuts and Fed Chairman, Powell, indicating the expected September rate cut is on the way. In other news, the jobs “data” was revised down by over 800k jobs. Unsurprisingly, government employment was revised upwards. It was “just” the private market jobs that were cut. Finally, we got some strange analysis on Target earnings where revenue guidance was reduced, and somehow, prices were “cut” despite a higher gross margin. Revenue […]

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Kazatomprom, the world’s largest uranium producer, has significantly lowered its production target for 2025 due to project delays and shortages of sulphuric acid, raising concerns about a potential supply crunch for the crucial fuel used in nuclear power.

The Kazakh company, responsible for about 20% of the global uranium supply, has cut its production forecast for next year by 17%, setting a new range of 25,000 to 26,500 tonnes of yellowcake.

This reduction is expected to drive up uranium prices, which, while having eased from a 16-year high of over $100 per pound earlier this year, still remain elevated at over $80 per pound, according to pricing data provider UxC.

Meirzhan Yussupov, CEO of Kazatomprom, explained that “the uncertainty around sulphuric acid supplies for 2025 and delays in construction at newly developed deposits have necessitated a reassessment of our 2025 plans.”Nuclear power has experienced a resurgence following the global energy crisis triggered […]

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On behalf of Generation Uranium Inc.

Uranium prices have experienced a significant surge, climbing from below US$60/lb to over US$107/lb in the past 18 months. While prices have recently dipped, Citi remains "tactically bullish," predicting a rebound . Citi projects uranium could reach US$98/lb later this year and average US$94/lb, with a peak target of US$98/lb. Looking ahead to 2025, prices are expected to average US$110/lb, a potential 36% increase from current levels. Citi’s positive outlook is driven by anticipated growth in nuclear energy demand, which is expected to drive future price increases. With production growth expected to slow significantly later in the decade, Citi predicts a supply deficit that could further boost prices, offering a favorable outlook for uranium producers. In light of this optimistic outlook, key players in the uranium sector, including Generation Uranium Inc. (TSXV:GEN) (OTCQB:GENRF), Uranium Energy Corp. (NYSE-A:UEC), NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE), Denison […]

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Vancouver, Canada, Aug. 27, 2024 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V:WKG) (the “Company” or “WestKam”) is pleased to announce that it has finalized and executed the Purchase Agreement with Ameranium Resources Corp. (“Ameranium”) for the purchase of a 100% legal and beneficial interest in 131 lode claims in Grand County, Utah, covering 2,649 acres (1,072 ha), called the Powerline One Project (the “Powerline”).

The Powerline lies within sedimentary rocks of the Colorado Plateau, the most prolific uranium mining region in the United States which has produced over 328 million pounds U3O8 (at 0.2 to 0.4 per cent U3O8) since the 1950’s. Peter Laipnieks, President of Westkam stated “ This project checks a lot of boxes: Utah is a mining-friendly state ; field work can be carried out year-round and is relatively inexpensive; the required environmental and archaeological surveys have been completed; drilling permits have been issued; uranium prices have […]

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Vancouver, Canada, Aug. 27, 2024 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V:WKG) (the “Company” or “WestKam”) is pleased to announce that it has finalized and executed the Purchase Agreement with Ameranium Resources Corp. (“Ameranium”) for the purchase of a 100% legal and beneficial interest in 131 lode claims in Grand County, Utah, covering 2,649 acres (1,072 ha), called the Powerline One Project (the “Powerline”).

The Powerline lies within sedimentary rocks of the Colorado Plateau, the most prolific uranium mining region in the United States which has produced over 328 million pounds U3O8 (at 0.2 to 0.4 per cent U3O8) since the 1950’s. Peter Laipnieks, President of Westkam stated “ This project checks a lot of boxes: Utah is a mining-friendly state ; field work can be carried out year-round and is relatively inexpensive; the required environmental and archaeological surveys have been completed; drilling permits have been issued; uranium prices have […]

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TORONTO, Aug. 27, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce positive preliminary drill results and provide an update on the ongoing exploration drill program at the Cyclone Rim Target, part of its 100%-owned Cyclone ISR Uranium Project (“ Cyclone ” or the “ Project ”) in the Great Divide Basin, Wyoming, in close proximity to existing producing wellfields and processing facilities (Figure 1). Initial results include multiple drill holes that intersected mineralized intervals that are consistent with grades and thicknesses included in the 2023 NI 43-101 Technical Report (“ Technical Report ”) which outlined a resource exploration target of 7.9 million pounds to 12.6 million pounds of eU 3 O 8 with an average grade of 0.06% eU 3 O 8 1 .

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Vancouver – Generation Uranium Inc. (the "Company" or "Generation") (TSXV: GEN) (OTCQB: GENRF) (FSE: W85) is pleased to announce that the recent acquisitions of the Yellow Frog and Pink Toad Uranium Projects (the "Acquisitions") on the Angilak Trend in the Yathkyed Basin, Nunavut Territory, Canada resulted in the acquisition of a VIM Uranium Target and the extension of VGR trend. The new targets encompasses 39.25 line-kilometers of historical VLF ground geophysics and features a 2.5 km long conductive fault zone with surface anomalies of uranium, potentially linked to a magnetic high.

In addition, the new Acquisitions have increased Generation’s ownership in the VGR trend to the west. This VGR trend hosts several significant historical showings including the highly prospective VGR fault system, including 3 to 7 meter wide steeply-dipping carbonate/hematite veins and fractures containing uranium and sulphide mineralization in trachyandesite. Historical prospecting to the southwest along strike of the main […]

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This story features BOSS ENERGY LIMITED. For more info SHARE ANALYSIS: BOE

The world’s largest uranium producer, Kazatomprom cuts FY25 guidance sparking a flame under uranium stock prices.

-Kazatomprom cuts FY25 production guidance
-Sulpuric acid supplies remain problematic
-Share prices rally in response -U308 spot market flat on the week Uranium production challenges, how bad is it? The big news of the week came in the form of Kazatomprom’s cut to FY25 production guidance last Friday (August 23).Kazatomprom flagged construction delays at new developed deposits and a shortage of sulphuric acid as the reasons for a lowered guidance to 55mlbs-68.9mlbs of U308 from 79.3mlbs-81.9mlbs.Sulphuric acid supplies are being impacted from delays in new acid plants, increased competition from the fertiliser industry and trade restrictions, industry consultant TradeTech highlights.Morgan Stanley highlights revised guidance still represents a 12% increase on 2024. The announcement was in line with the broker’s […]

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Electricity – Fusion power generation by Mesh Cube via iStock Valued at $791.8 million by market cap, Energy Fuels (UUUU) is engaged in the extraction, recovery, recycling, exploration, and sale of uranium mineral properties in the U.S. It produces and sells vanadium pentoxide, rare earth elements , and heavy mineral sands, such as zircon and monazite. www.barchart.com Energy Fuels has trailed the broader markets by a wide margin in the past decade, falling over 35% . Let’s see if the uranium stock is a good buy at current multiples. How Did Energy Fuels Perform in Q2 of 2024?

Energy Fuels is focused on capitalizing on uranium market opportunities, as it profitably sold an additional 100,000 pounds of the commodity on the spot market and signed a new long-term sales contract with a U.S. nuclear facility at supportive pricing in Q2 of 2024. It mined uranium from three conventional […]

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Local markets opened higher this morning, and then kept on climbing for the first 90 minutes of the session, heading steadily to +0.7% before levelling off before lunch.

The reason for the market’s upbeat mood this morning is (mostly) to do with US Fed Chair Jerome Powell, who used his annual appearance at Jackson Hole to foreshadow imminent rate cuts in the US, and predict another six weeks of winter, after he was spooked by his own shadow.

A US rate cut is grand news, but Powell’s comments – however positive – were a tad nebulous.“The time has come,” Powell intoned, without saying when things would change… only that it’s time they did, and the rest of the hype is now divided into two camps… those who reckon the Fed’s got a […]

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Source: iStock Key Points

Kazatomprom, the world’s largest uranium producer, has downgraded its 2025 production outlook by 17%, causing a surge in uranium stocks

Local uranium names like Paladin Energy, Deep Yellow and Boss Energy are up more than 10% on Monday

Short sellers have been targeting the uranium sector over the past couple of months due to factors including weak prices and high capex costs Investors are piling into uranium miners on Monday after the world’s largest producer, Kazatomprom, downgraded its full-year production outlook.Kazakhstan’s state-owned uranium miner said last Friday that it expects to produce 25,000 to 26,500 tonnes of uranium in 2025, down from its previous guidance of 30,500 to 31,500 tonnes. The new guidance reflects a 17% downgrade at the midpoint but still 12% higher than 2024."The uncertainty around the sulphuric acid supplies for 2025 needs and delays in the construction works at the newly developed […]

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You should seriously consider investing in only one of these four uranium stocks.

Uranium stocks are ending the week on a strong note, with shares of Cameco ( CCJ 5.58%) stock up 5.8% through 10 a.m. ET and smaller rivals Ur-Energy ( URG 11.54%), Uranium Royalty ( UROY 14.85%), and Uranium Energy ( UEC 13.05%) doing even better — up 8.2%, 9.9%, and 12.7%, respectively.

And all four of these nuclear stocks have just one company to thank for their rallies: Kazakhstan’s Kazatomprom. NYSE: CCJ

CamecoToday’s Change(5.58%) $2.25Current Price$42.61CCJ Key Data Points Market Cap$19BDay’s Range$41.85 – $43.4952wk Range$35.18 – $56.24Volume7,567,907Avg Vol3,611,767Gross Margin23.54%Dividend Yield0.21% What Kazatomprom said today As The Financial Times pointed out this morning, Kazatomprom (literally an abbreviation of "Kazakhstan atomic industry") is the world’s largest producer of uranium for nuclear power . Problem is, it’s planning to become a smaller producer of uranium as early as next year.Citing […]

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