Mr. Garrett Ainsworth reports:

Vancouver, British Columbia–(Newsfile Corp. – May 30, 2023) – District Metals Corp. (TSXV: DMX) (FSE: DFPP); ("District" or the "Company") is pleased to report that Bergslagen Metals AB (a 100% owned Swedish subsidiary of District) has received approval from the Bergsstaten (Mining Inspectorate) for the Tåsjö nr 101 to 105 mineral license applications to explore for vanadium, nickel, molybdenum, zinc, and rare earth elements (REE) located in the Jämtland and Västerbottens Counties, north-central Sweden (Figure 1). Similarly to District’s Viken Property that controls 68% of the uranium-vanadium Viken Deposit, the Tåsjö Property was assembled to target sedimentary rocks that are known to host critical energy metals and minerals.

Tåsjö Property Highlights: The Tåsjö nr 101 to 105 mineral licenses cover an area of 15,625 hectares (ha) that are prospective for uranium, REE, phosphate, vanadium, molybdenum, nickel, zinc, and copper .

In the Tåsjö area , Cambro-Ordovician […]

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It certainly has not been a great day to be an investor in ASX uranium shares.

Two prominent shares have taken a sizeable tumble on Tuesday due to news out of one of Africaâs smallest countries, Namibia.

During Tuesdayâs session, comments from the government of the southern African country, with a population of just over 2.5 million, have wiped off half a billion dollars from the combined valuations of Deep Yellow Limited ( ASX: DYL ) and Paladin Energy Ltd ( ASX: PDN ).

This follows a 20% decline by the Paladin Energy share price and a 10% fall from Deep Yellow’s shares. What is going on with ASX uranium shares and Namibia? Reports claim that the Namibian government is looking to acquire minority stakes in mining operations across the country. Bloomberg quotes Namibiaâs Mines and Energy Minister, Tom Alweendo. He said: We are making a case that local ownership must start […]

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F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (‘F3 Uranium’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement (the ‘Brokered Private Placement’) and non-brokered private placement (the ‘Non-Brokered Private Placement’, together with the Brokered Private Placement, the ‘Offering’) for aggregate gross proceeds of C$12.0 million.

Collectively, the Company sold 25,531,915 flow-through units of the Company (each, a ‘FT Unit’) at a price of C$0.47 per FT Unit (the ‘Offering Price’).

Under the Brokered Private Placement, the Company sold 21,276,596 FT Units at the Offering Price for gross proceeds of C$10,000,000, which included the full exercise of the Underwriter’s over-allotment option. Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Haywood Securities Inc., Sprott Capital Partners and Eight Capital Corp. (collectively, the ‘Underwriters’).

Under the Non-Brokered Private Placement, the Company sold 4,255,319 FT Units […]

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Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), (‘Blue Sky’ or the ‘Company’) announces that it has made an application to the TSX Venture Exchange (‘TSXV’) to extend the term of the outstanding warrants as follows.

13,216,089 unexercised warrants (13,316,089 original granted) that are set to expire on July 21, July 30, and August 4, 2023 to be extended to July 21, July 30 and August 4, 2025 respectively. These warrants were originally issued under a private placement completed by the Company in 3 Tranches in July and August 2021.

None of the warrants have been exercised within the past 6 months, however, 100,000 of the originally granted warrants were exercised in March 2022.

The exercise price of the warrants will remain at $0.25. Each warrant, when exercised, will be exchangeable for one common share of the Company.The amendment is subject to the approval of the TSX Venture Exchange (‘TSXV’).About […]

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Vancouver, BC, May 30, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into an option agreement (the “Agreement”) with North Shore Energy Metals Ltd. (“North Shore” or the “Optionee”) which provides North Shore an earn-in option to acquire an initial 80% interest and up to a 100% interest in the South Falcon Property located in Saskatchewan, Canada (the “Property”). The Property contains eleven (11) mineral claims, comprising approximately 42,908 hectares. The Agreement provides North Shore an opportunity to earn an initial 80% interest in the claims over a three year period by fulfilling combined cash, share issuance and exploration expenditure commitments of CAD $5.3 million, with an option to purchase the remaining 20% for an additional CAD $10 million in cash and shares.

Location Map of South […]

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

While the uranium spot price rose last week, volumes remain weak despite legislative threats to supply.

-Uranium price up, volume weak
-US moves closer to banning Russian uranium
-Bell Potter anticipates a new uranium price cycle Two US bills made it through relevant committees last week, ready to go to votes in the House – one banning the import of Russian uranium from 2028, unless it’s needed, and the other incentivising domestic uranium production and enrichment.In the latter case, it couldn’t come sooner. US uranium production in the March quarter fell -99% from the December quarter and -75% from last March quarter.However, mills are preparing to ramp up output later this year, industry consultant TradeTech reports. One producer, Energy Fuels, is working toward the restart of production at four of its mines.The potential ban […]

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Mark Hoppus and Tom DeLonge of Blink-182 pose backstage at the Sahara Tent during the 2023 Coachella Valley Music and Arts Festival on April 14, 2023 in Indio, California. (Photo by Matt Winkelmeyer/Getty Images for Coachella) share

IPO Watch: 7 explorers have listed on the TSX/TSXV over the past ~3 months, all are flat or in the red

Standout large cap winner last week was uranium play Cameco; share price is closing in on 12-year highs

Weekly small cap standouts: Minsud Resources, Standard Lithium Our Canada Unearthed column wraps the news driving mining and exploration stocks listed on the TSX and TSX.V. S&P/TSX Composite Index was down 2.14% last week, leaving it with a 2.45% year-to-date gain. Unlike the TSX.V, the index is heavily weighted towards the major banks.The S&P/TSX Global Mining Index did slightly better, down 3.41% last week.The S&P/TSX Venture Composite Index – repped […]

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These ASX stocks are about to flick the switch on uranium operation restarts. Picture: iStock ‘Garimpeiro’ columnist Barry FitzGerald has covered the resources industry for 35 years. Now he’s sharing the benefits of his experience with Stockhead readers.

Stockhead has been chock-full of yarns on why the long-forecast uranium renaissance has arrived.

So there is no reason to go over again the reasons why uranium – the spot price is up 94 per cent price since 2020 – and the ASX-listed uranium stocks are hot again after more than a decade of being out in the cold.

Garimpeiro has contributed to the renaissance coverage and as might be expected, he has previously identified a number of junior explorers that could do well if they can match impressive results from the drill bit to the increased appetite for uranium stocks. For the latest mining news, sign up here for free Stockhead daily […]

Click here to view original web page at www.couriermail.com.au

TORONTO, May 24, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce the creation and planned spin-out (the “ Spin-Out ”) of Premier American Uranium Inc. (“ PUR ”), currently a majority-controlled subsidiary of CUR focused on the acquisition, exploration, and development of uranium projects in Wyoming and Colorado. (Figure 1).

On May 24, 2023, the Company entered into an arrangement agreement with PUR (the “ Arrangement Agreement ”), pursuant to which among other things the Company has agreed to transfer ownership of certain indirect wholly-owned subsidiaries which hold eight U.S. Department of Energy (“ DOE ”) leases and certain patented claims located in Colorado (the “ CUR Assets ”) to PUR in exchange for 7,753,752 Class A common shares of PUR (“ PUR Shares ”), a portion of which will be distributed to the Company’s shareholders on […]

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With some analysts saying weâre entering a bull market for uranium , having a little exposure to this side of the market could potentially be a boost to your portfolio.

But which ASX uranium shares would be good options for investors? Letâs find out. Which ASX uranium shares could be buys?

According to a note out of Bell Potter , its analysts have given the thumbs up to three uranium shares this week.

The first two that the broker rates highly are Boss Energy Ltd ( ASX: BOE ) and Paladin Energy Ltd ( ASX: PDN ). Its analysts believe these companies are best placed to capture high prices caused by a likely market shortfall. It explains: We estimate current raw U3O8 demand at 161Mlbs, expanding to 189Mlbs by the end of the decade. We currently estimate global supply for U3O8 at ~125Mlbs, expanding by ~11.48Mlbs over 2023 with the addition […]

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Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – May 26, 2023) – F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (" F3 Uranium " or the " Company ") is pleased to announce the closing of its previously announced "bought deal" private placement (the " Brokered Private Placement ") and non-brokered private placement (the " Non-Brokered Private Placement ", together with the Brokered Private Placement, the " Offering ") for aggregate gross proceeds of C$12.0 million. Collectively, the Company sold 25,531,915 flow-through units of the Company (each, a " FT Unit ") at a price of C$0.47 per FT Unit (the " Offering Price ").

Under the Brokered Private Placement, the Company sold 21,276,596 FT Units at the Offering Price for gross proceeds of C$10,000,000, which included the full exercise of the Underwriter’s over-allotment option. Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner, on behalf of a syndicate […]

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TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, May 26, 2023 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , ("Blue Sky" or the "Company") announces that it has made an application to the TSX Venture Exchange (" TSXV ") to extend the term of the outstanding warrants as follows: 13,216,089 unexercised warrants (13,316,089 original granted) that are set to expire on July 21, July 30, and August 4, 2023 to be extended to July 21, July 30 and August 4, 2025 respectively. These warrants were originally issued under a private placement completed by the Company in 3 Tranches in July and August 2021.

None of the warrants have been exercised within the past 6 months, however, 100,000 of the originally granted warrants were exercised in March 2022.The exercise price of the warrants will remain at $0.25. Each warrant, […]

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VANCOUVER, BC, May 26, 2023 /CNW/ – SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that, further to the news release dated April 10, 2023, it has entered into an option agreement with F3 Uranium Corp. (" F3 ") respecting an option for SKRR to acquire up to a 70% interest in the Clearwater West Property. The Clearwater West Property is comprised of 3 contiguous mineral claims totaling 11,786 hectares. SKRR Exploration Inc. Logo (CNW Group/SKRR EXPLORATION INC.) The Clearwater West Project is located ~20km outside the edge and in the south-west area of the Athabasca Basin, which is poised to become the next area for the development of major uranium mines in Saskatchewan. It is 13 km south of Fission Uranium’s Triple R deposit, located 7 km outside the basin edge on its PLS Property, where a […]

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Stockhead has been chock-full of yarns on why the long-forecast uranium renaissance has arrived .

So there is no reason to go over again the reasons why uranium – the spot price is up 94% price since 2020 – and the ASX-listed uranium stocks are hot again after more than a decade of being out in the cold.

Garimpeiro has contributed to the renaissance coverage and as might be expected, he has previously identified a number of junior explorers that could do well if they can match impressive results from the drill bit to the increased appetite for uranium stocks.

But he is changing tack today by taking a look at the project re-start uranium stocks. There are three of them on the ASX – Paladin (ASX:PDN), Boss (ASX:BOE) and Peninsula (ASX:PEN).In the next nine months or so all three will be back in production after having previously parked up their projects […]

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

Investing News Network

May 25, 2023

Baselode Energy Corp. ( TSXV: FIND ) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement (the "Offering"). Under the second tranche, the Company sold 385,538 flow-through units of the Company (the "FT Units") at a price of C$0.48 per FT Unit for gross proceeds to the Company of C$185,058.24 (the "Offering").

Each FT Unit consists of one common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a " FT Share ") and one half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one common share (each, a " Warrant Share ") at a price of C$0.70 at any time on or before May 24, […]

Click here to view original web page at investingnews.com

TORONTO, May 24, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce the creation and planned spin-out (the “ Spin-Out ”) of Premier American Uranium Inc. (“ PUR ”), currently a majority-controlled subsidiary of CUR focused on the acquisition, exploration, and development of uranium projects in Wyoming and Colorado. (Figure 1).

On May 24, 2023, the Company entered into an arrangement agreement with PUR (the “ Arrangement Agreement ”), pursuant to which among other things the Company has agreed to transfer ownership of certain indirect wholly-owned subsidiaries which hold eight U.S. Department of Energy (“ DOE ”) leases and certain patented claims located in Colorado (the “ CUR Assets ”) to PUR in exchange for 7,753,752 Class A common shares of PUR (“ PUR Shares ”), a portion of which will be distributed to the Company’s shareholders on […]

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The stock of Uranium Energy Corp. (UEC) has seen a 3.86% increase in the past week, with a 9.35% gain in the past month, and a -24.86% decrease in the past quarter. The volatility ratio for the week is 5.25%, and the volatility levels for the past 30 days are at 5.64% for UEC. The simple moving average for the past 20 days is 3.62% for UEC’s stock, with a -24.66% simple moving average for the past 200 days. Is It Worth Investing in Uranium Energy Corp. (AMEX: UEC) Right Now?

Uranium Energy Corp. (AMEX: UEC) has a higher price-to-earnings ratio of 44.83x compared to its average ratio,, and the 36-month beta value for UEC is at 2.00. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

Unlock the Hottest Top […]

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Uranium Energy (UEC) closed the most recent trading day at $2.64, moving -1.86% from the previous trading session. This change lagged the S&P 500’s 0.88% gain on the day. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq lost 3.76%.

Coming into today, shares of the uranium mining and exploration company had gained 6.75% in the past month. In that same time, the Basic Materials sector lost 7.06%, while the S&P 500 lost 0.38%.

Uranium Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.02, down 166.67% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0 per share and revenue of $113.95 million, which would represent changes of -100% and +391.99%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for […]

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The Back to School Project is run in partnership with the Zambian Ministry of Education

The Youth Trainee Program is run by GoviEx and focuses on trade training of young adults

These initiatives are part of GoviEx’s on-going focus on local employment and local development as part of its ESG strategy

Vancouver, British Columbia–(Newsfile Corp. – May 22, 2023) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or "Company") is pleased to announce the launch of two education programs in the vicinity of its Muntanga Project in Zambia – the Back to School Project and GoviEx’s Youth Trainee Program.Both initiatives were born out of GoviEx’s commitment to local employment and local development. The company has recognized the challenges in hiring local talent due to a lack of formal education and has taken a proactive step towards addressing this issue. By equipping the community with the […]

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Investing News Network

May 24, 2023

Consolidated Uranium Inc . ("CUR", the "Company" or "Consolidated Uranium") ( TSXV: CUR ) (OTCQX: CURUF) is pleased to announce the creation and planned spin-out (the " Spin-Out ") of Premier American Uranium Inc. (" PUR "), currently a majority-controlled subsidiary of CUR focused on the acquisition, exploration, and development of uranium projects in Wyoming and Colorado. (Figure 1).

On May 24, 2023, the Company entered into an arrangement agreement with PUR (the " Arrangement Agreement "), pursuant to which among other things the Company has agreed to transfer ownership of certain indirect wholly-owned subsidiaries which hold eight U.S. Department of Energy (" DOE ") leases and certain patented claims located in Colorado (the " CUR Assets ") to PUR in exchange for 7,753,752 Class A common shares of PUR (" PUR Shares "), a portion of which will be distributed to the Company’s […]

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Fintel reports that on May 23, 2023, HC Wainwright & Co. maintained coverage of Uranium Energy ( AMEX:UEC ) with a Buy recommendation.

Analyst Price Forecast Suggests 151.16% Upside

As of May 11, 2023, the average one-year price target for Uranium Energy is 7.01. The forecasts range from a low of 6.06 to a high of $8.66. The average price target represents an increase of 151.16% from its latest reported closing price of 2.79.

See our leaderboard of companies with the largest price target upside.The projected annual revenue for Uranium Energy is 27MM, a decrease of 76.44%. The projected annual non-GAAP EPS is -0.04. What is the Fund Sentiment? There are 363 funds or institutions reporting positions in Uranium Energy. This is an increase of 31 owner(s) or 9.34% in the last quarter. Average portfolio weight of all funds dedicated to UEC is 0.16%, a decrease of 6.26%. Total shares […]

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Vancouver, British Columbia–(Newsfile Corp. – May 23, 2023) – MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") announces that it has amended its previously announced (see Myriad’s news release dated April 18, 2023) marketing services agreement dated for reference March 21, 2023 with First Phase Media Inc. (" First Phase ").

Under the amended agreement dated as of May 18, 2023, First Phase will provide enhanced, directed assistance in developing investor interest in the Company via social media channels and online media distribution. In consideration, Myriad will pay an additional $6,000 to First Phase and will issue 100,000 stock options to First Phase, each option exercisable for one Myriad common share at an exercise price of $0.285 for two years. The agreement will terminate on June 21, 2023 unless the parties agree otherwise.

First Phase Media Inc. is located at 2110 – […]

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Consolidated Uranium Subsidiary Premier American Uranium Enters Agreements to Acquire a Portfolio of Projects in Prolific U.S. Uranium Districts Timed for the Expected Revitalization of U.S. Domestic Uranium Production

TORONTO, May 24, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce the creation and planned spin-out (the “ Spin-Out ”) of Premier American Uranium Inc. (“ PUR ”), currently a majority-controlled subsidiary of CUR focused on the acquisition, exploration, and development of uranium projects in Wyoming and Colorado. (Figure 1).

On May 24, 2023, the Company entered into an arrangement agreement with PUR (the “ Arrangement Agreement ”), pursuant to which among other things the Company has agreed to transfer ownership of certain indirect wholly-owned subsidiaries which hold eight U.S. Department of Energy (“ DOE ”) leases and certain patented claims located in Colorado (the “ CUR Assets […]

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These nuclear energy stocks could make a good addition to any investor’s portfolio as uranium prices and demand are high.

Energy Fuels ( UUUU ): This U.S.-based uranium miner has an excellent profit margin and no debt.

Cameco ( CCJ ): Cameco is one of the largest uranium providers and has access to the largest uranium mine in the world.

Uranium Energy ( UEC ): This profitable, low-debt uranium-mining company operates throughout the U.S. and Paraguay. Source: LuckyStep / Shutterstock With the current war in Ukraine, a potential conflict in Taiwan, and rising uranium prices, these top nuclear energy stocks could be a good addition to your portfolio.Indeed, uranium prices have almost doubled in the last two years, going from $31 a pound to $53 a pound. While down from the high of $64 per pound in August 2022, this commodity has room to grow.Aside from higher uranium prices, […]

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Investing News Network

May 24, 2023

Forum Energy Metals Corp. ( TSXV: FMC ) (OTCQB: FDCFF) ("Forum" or "the Company") announces a non-brokered private placement of up to $3,000,000 through the issuance of up to 22,222,222 flow through shares (the "FT Shares") at a price of $0.135 per FT Share. Proceeds raised from the issuance of the FT Shares will be used by Forum to conduct a 2,000 metre drill program on its Nunavut Uranium Project in July, 2023 and mobilization of equipment and supplies in preparation for a 2024 drill program. Forum holds a 100% interest in 95,000 hectares of highly prospective ground for high grade, unconformity-style uranium deposits in the Thelon Basin, a geological analogue to the Athabasca Basin in Saskatchewan.

The private placement is subject to approval by the TSX Venture Exchange and all FT Shares are subject to a four-month hold period. Proceeds raised from the […]

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