Toro Energy’s uranium process solutions will be separated, filtered and dried to produce uranium oxide concentrate, often referred to as ‘yellowcake’. With uranium prices soaring globally, Toro Energy has reconfirmed its commitment to constructing its Lake Maitland pilot plant to test ores from three uranium-vanadium deposits within a radius of 110km south-west of Wiluna in Western Australia.

The company, which has declared the project an “asset of global significance”, says its recently-commissioned pilot plant will test improved beneficiation and hydrometallurgical circuits that it has developed from its bench-scale research, at closer-to-production scale and as single streams.

Management says ore drawn from its deposits near Wiluna – namely at Lake Way, Centipede-Millipede and the most distant Lake Maitland – will make up what will ultimately become the company’s extended Lake Maitland operation. Its strategy confirmation comes at a time of resurgent uranium prices that have hit 18-year highs. As Toro continues to […]

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VANCOUVER, BC / ACCESSWIRE / February 28, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to provide an update on the upcoming drill program at its 55,699 hectare Falcon Property (" Falcon " or the " Property ") located at the eastern margin of the Athabasca Basin in northern Saskatchewan. The Company has further refined its targeting criteria and the drill program is set to commence in mid-March.

As reported by the Company on December 19, 2023, Falcon is a highly prospective uranium exploration property with a limited exploration history in a part of the Athabasca Basin region that is seeing increased exploration activity and recent discoveries.Reinterpretation of electromagnetic (" EM ") data complemented by geophysical data acquired in 2022 has allowed the Company to identify high priority uranium targets in areas where there has been no previous drilling.

North Shore […]

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VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that drilling activities have commenced at the Company’s 3,061-hectare Atlantic Project (“ Atlantic ” or “the Project ”). Atlantic is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

The Project is currently under option (the “ Option ”) to ATCO Mining Inc. (the “ Optionee ”) an arms-length company listed on the Canadian Securities Exchange (CSE: ATCM). Pursuant to the Option, the Optionee can earn a 75% interest in Atlantic over three years. The Optionee-funded winter 2024 drill program is planned to satisfy the first year of minimum exploration expenditures required by the Option.

Highlights: Standard Uranium’s geological team arrived at site on February 26 th and drilling has started on the first hole of the […]

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This story features PALADIN ENERGY LIMITED. For more info SHARE ANALYSIS: PDN

While 500 more sanctions have now been placed on Russia, uranium imports are not included.

-No sanctions of Russian uranium exports
-Congress yet to make a decision
-Spot price suffers from lack of buyers -Paladin Energy reverses an impairment Following the death of Aleksey Navalny, the US government has levied additional sanctions on over 500 Russian individuals and businesses.This latest round of sanctions targets Russia’s financial system, its military supply complex, and other “entities and individuals, including those engaged in sanctions evasion and circumvention, and those bolstering Russia’s future energy and metals and mining production”, uranium industry consultant TradeTech reports.The sanctions, however, stop short of targeting Russia’s nuclear fuel or reactor technology exports. While Rosatom is named in the revised sanctions protocol, and this represents the sixth time the state-owned nuclear technology company has faced sanctions, the […]

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Mr. Mark Ireton reports: Strategically located in the Uranium City District, which is undergoing a major exploration rejuvenation, led by Aero Energy Corp.

VANCOUVER, BC / ACCESSWIRE / February 26, 2024 / Victory Battery Metals Corp. (CSE:VR) (FWB:VR61) (OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce it has acquired an option interest in a uranium property on the north margin of the Athabasca Basin.

The Property – Chariot River Uranium

The Property is located 15 km northwest of Uranium City in the Beaverlodge Uranium District and is comprised of 120 claims spanning 1,978 ha over the Chariot River.The property is bordered by Atha Energy Corp to the south and east, is about 1 km south of Eagle Plains Resources Ltd and is north of Aero Energy’s "Strike Property" with numerous uranium showings.Aero Energy, a restructured company, is focused on re-evaluating properties in the Beaverlodge District, with […]

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In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to increase resources .

This follows hot on the heels of the company starting production in late 2023 at Pinyon Plain, in Arizona, as well as La Sal and Pandora, in Utah. Once production is fully ramped up at these three mines by mid- to late-2024, Energy Fuels will be producing at a run-rate of 1.1-million to 1.4-million pounds a year of uranium oxide.

The additional mines expected to enter production within the next year are Whirlwind, in Colorado, and Nichols Ranch, in Wyoming, These two mines could potentially increase production to a run-rate of more than two-million pounds a year by as early as 2025.

“We have a bullish long-term view of uranium prices, and we are investing to increase production,” said president […]

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A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles.

A debate about protecting strategic resources in Mongolia risks delaying the finalization of the agreement until after elections in June, according to two people familiar with the matter who asked not to be identified. Progress has also been hampered after the Asian country’s chief negotiator stepped down, a third person said, meaning the deal had to be redrafted.

French uranium producer Orano reached an outline accord to develop and operate the Zuuvch-Ovoo mine in Mongolia in October during a trip by the nation’s President, Khurelsukh Ukhnaa , to Paris to meet with counterpart Emmanuel Macron .

A final investment agreement was expected to be signed by the end of last year, with production due to start in 2028.A long delay or even […]

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VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that mobilization has commenced in preparation for the Company’s inaugural drill program at the 3,061-hectare Atlantic Project (“ Atlantic ” or “the Project ”). Atlantic is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

The Project is currently under option (the “ Option ”) to ATCO Mining Inc. (the “ Optionee ”) an arms-length company listed on the Canadian Securities Exchange (CSE: ATCM). Pursuant to the Option, the Optionee can earn a 75% interest in Atlantic over three years. The Optionee-funded winter 2024 drill program is planned to satisfy the first year of minimum exploration expenditures required by the Option.

Highlights: Approximately 2,000-3,000 metres planned across 4-6 drill holes, targeting high-grade 1 unconformity-related uranium mineralization.

[…]

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Kodiak Copper Mr. Nikolaos Cacos reports:

VANCOUVER, BC, Feb. 22, 2024 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF) , "Blue Sky" or the "Company") is pleased to announce the results of a new Preliminary Economic Assessment ("PEA") for the Ivana Uranium-Vanadium deposit at the Company’s 100% owned Amarillo Grande Project in Rio Negro Province, Argentina. The updated PEA incorporates a new mineral resource estimate, in which approximately 80% of the resources are now in the Indicated category. The PEA demonstrates robust economics from a surficial mining operation, entailing 11 years of uranium and vanadium production:

PEA Highlights (All figures in US dollars) After-tax NPV 8%: $227.7 million

After-tax IRR: 38.9% After-tax Payback period: 1.9 years Pre-production Capital Cost: $159.7 million, includes $35.4 million contingency Life of mine ("LOM") Sustaining Capital Cost: $27.3 million, includes $5.4 million contingency Average LOM Total Cash Cost net […]

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Askari Metals’ search for new exploration ground has led it to the wilds of Tanzania. Credit: File Askari Metals has capped off its hunt for new exploration ground by staking a claim for the 260-square-kilometre Matemanga uranium project in Tanzania as the heavy metal’s price surges on clean energy demand.

The company says its decision to pounce on the ground came on the back of extensive geotechnical reviews that identified the area as a hot uranium target with significant potential. The strategic move also coincides with uranium prices heating up and doubling in the past year as governments around the world embrace the nuclear fuel.

The Matemanga project area lies about 470km south-west of Tanzania’s capital Dar es Salaam and encloses a geological setting in line with other nearby deposits, including the Nyota uranium project that contains a resource of 124.6 million pounds of uranium oxide at an oxide grade of […]

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VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that it has signed a definitive option agreement (the “ Option Agreement ”), dated February 16, 2024, with ATCO Mining Inc. (the “ Optionee ”), an arms-length company listed on the Canadian Securities Exchange (CSE: ATCM). Pursuant to the Option Agreement, the Optionee has been granted the option (the “ Option ”) to earn a 75% interest over three years in the 3,061-hectare Atlantic Project located in the eastern Athabasca Basin. The Option Agreement gives effect to the term sheet previously signed with ATCO Mining Inc., dated February 9, 2024.

The Option is exercisable by the Optionee completing cash payments, arranging for the issuance of Optionee shares to the Company and incurring exploration expenditures on the Project, summarized in […]

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Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – February 20, 2024) – F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (" F3 " or the " Company ") is pleased to announce that it has entered into a non-binding Letter of Intent ("LOI") with Canadian GoldCamps Corp. (" Canadian GoldCamps ") wherein Canadian GoldCamps will enter into a definitive option agreement with F3’s newly incorporated wholly-owned subsidiary F4 Uranium Corp. ("F4"). The staged option will allow Canadian Goldcamps to earn up to a 70% interest in the Murphy Lake Property (the "Property") in the Athabasca Basin, Saskatchewan. The Property is located in the north-eastern corner of the Athabasca Basin, 30 km northwest of Orano’s McLean Lake deposits, 5 km south of ISOEnergy’s Hurricane Uranium Deposit and covers approximately 6.1 square kilometers of land.

Dev Randhawa, CEO of F3 and incoming Executive Chairman of F4 commented: "With this transaction, we have […]

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Over the last decade, global uranium resources have grown by at least 25% due to intensified mineral exploration efforts.

Uranium, a widespread metal present in rocks and seawater, is more abundant than commonly thought. Economic concentrations are not rare, and the quantity of mineral resources depends on market prices and extraction costs.

Australia, Kazakhstan, and Canada collectively possess over 50% of the world’s uranium reserves, with Australia leading at 28% with over 1.7 million tonnes, notably from the Olympic Dam mine, the largest uranium deposit globally and the fourth largest copper deposit.

Read also: Forging a new frontier: The inaugural Solid Minerals Conference by BusinessDay Newspapers Despite its abundance, Australia ranks fourth in current uranium production and fifth in all-time production. Russia and Namibia each hold about 8% of global reserves (approximately 470,000 tonnes). South Africa, Brazil, and Niger contribute 5% each to the world’s uranium reserves.China holds a 4% share, while […]

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VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that it has signed a definitive option agreement (the “ Option Agreement ”), dated February 16, 2024, with ATCO Mining Inc. (the “ Optionee ”), an arms-length company listed on the Canadian Securities Exchange (CSE: ATCM). Pursuant to the Option Agreement, the Optionee has been granted the option (the “ Option ”) to earn a 75% interest over three years in the 3,061-hectare Atlantic Project located in the eastern Athabasca Basin. The Option Agreement gives effect to the term sheet previously signed with ATCO Mining Inc., dated February 9, 2024.

The Option is exercisable by the Optionee completing cash payments, arranging for the issuance of Optionee shares to the Company and incurring exploration expenditures on the Project, summarized in […]

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This story features LOTUS RESOURCES LIMITED, and other companies. For more info SHARE ANALYSIS: LOT

The spot uranium market fell victim last week to general financial market weakness following the latest US CPI data.

-Hot CPI sparks Wall Street sell-off
-Uranium stocks caught in the tide
-Term markets unmoved -Bell Potter initiates coverage of Lotus Resources Since financial entities moved in and made spot uranium a speculative plaything as much as an end-use consumable, the uranium market has become as much beholden to macroeconomic impacts on financial markets in general as it is to physical supply/demand. So it was last week when a “hot” US inflation print sent Wall Street tumbling.Industry consultant TradeTech reports the stocks in its uranium “StockWatch” basket fell an average -4.5% for the week.Which has little to do with the current global supply/demand imbalance and uncertainty within the uranium market. It did serve to force […]

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kasezo Investment Thesis

Uranium Energy Corp. (NYSE: UEC ) has been on an upward trajectory, gaining about 91.69% over the last years and outperforming the S&P 500 by a margin of 70.79%. Seeking Alpha Despite the solid gain, I am bullish on this stock given its promising outlook backed by strong tailwinds. Further, from the technical standpoint, the upward trajectory is yet to show signs of a reversal, which adds to my bullish stance. The Technical Approach

Based on technical indicators, I find this stock to be in a strong upward momentum with no signs of a reversal. First off, the stock broke out of the wedge bullish pattern it has been forming since 2022. The breakout happened in July 2023, and it has been very solid, with no signs of a correction or consolidation. TradingView-Author Notably, the price broke above the resistance level of $6.55 which is a […]

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A uranium sample from Hook Lake, where Valor Resources now holds an 80 per cent stake. Valor Resources has secured an 80 per cent share of the highly-prospective Hook Lake uranium project in Canada, just two days after acquiring the 83-square-kilometre Frazer Lake lithium project across the country in Ontario.

The company today confirmed it had made the third and final “anniversary” payment to Skyharbour Resources to complete the Hook Lake deal. As part of a revised agreement, it was required to pay Skyharbour C$75,000 (AU$85,300) and issue it 31.75 million shares.

Hook Lake is in the Athabasca Basin in northern Saskatchewan – a region that has become widely known as being the world’s leading producer of high-grade uranium.

While the lithium price has retreated during recent times, the price of uranium has been running hard and recently surged to more than USD$100 (AU$154) per pound. The significant price lift has placed […]

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Source: Shutterstock Janus Henderson’s Darko Kuzmanovic expanded on his bullish outlook for several parts of the global commodities sector during a webinar on Wednesday.

Kuzmanovic, senior portfolio manager of Janus Henderson’s global natural resources team, has a 40-year track record in the space. His experience spans that of both a professional investor and a hands-on expert, with a metallurgical engineering background.

Decarbonisation is the overarching thesis of his view, with the push toward clean energy a multi-generational movement that’s only just beginning to play out.

“It will impact various sectors differently but it’s reducing the carbon footprint of the individual sectors and businesses. That will manifest in various ways, whether that’s energy transitions such as electric vehicles and fuel cells, clean energy, or sustainable farming,” Kuzmanovic said.Within this, the phenomenon of deglobalisation is also driving demand for commodities, as the Western developed world shifts its supply chains away from the long-held reliance […]

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A miner stands in front oh an excavator at a mine site One of the biggest trends in our share market in 2023 was the rise of ASX uranium shares . Thanks to a number of factors, mostly a rocketing uranium price, uranium shares had a cracking year last year.

Take popular uranium stock Paladin Energy Ltd ( ASX: PDN ). Paladin shares spent the first half of last year essentially going nowhere. But between June and September, the company rocketed by more than 100%.

That trend continued into 2024, with Paladin shares gaining another 42.5% between 1 January and 7 February.

The gains were even more pronounced with the Boss Energy Ltd ( ASX: BOE ) share price. The period from March 2023 to February 2024 has seen the Boss Energy share price rise more than 200%.But given the scope of these delightful share price rises, some investors might be thinking […]

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FULL DISCLOSURE: This is sponsored content for Anfield Energy.

A recent report by Red Cloud suggests significant growth and positive prospects for the uranium sector, attributing the rise in prices to a combination of factors, including increased public acceptance of nuclear power, improved economics, and the need for a secure supply.

“Given the recent divergence of spot prices and term prices in the uranium market, we introduce LT spot price assumptions of US$120/lb for 2024, US$135/lb for 2025, US$150/lb for 2026 and US$175/lb in 2027,” the report said, arguing that “current uranium prices are still just half of previous highs when considering inflation.”

Red Cloud’s updated uranium price assumptions reflect a bullish outlook, with spot and term price forecasts indicating significant growth potential. The divergence between spot and term prices, reminiscent of the market dynamics observed between 2007 and 2020, underscores the current market volatility and the potential for further price […]

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Cosa Resources Corp NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) — Cosa Resources Corp. (TSX-V: COSA ) (OTCQB: COSAF ) (FSE: SSKU ) (“ Cosa ” or the “ Company ”) is pleased to announce that, in connection with its previously announced bought deal private placement offering (the “ Offering ”), it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters (collectively, the “ Underwriters ”) to increase the size of the Offering to: (i) 2,128,000 hard dollar units of the Company (the “ Hard Dollar Units ”) at a price of C$0.47 per Hard Dollar Unit (the “ Hard Dollar Issue Price ”), and (ii) 7,704,000 charity flow-through units of the Company (the “ Charity FT Units ”, and together with the Hard Dollar […]

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FireFox Gold KELOWNA, BC, Feb. 12, 2024 /CNW/ – FISSION URANIUM CORP. (" Fission " or the " Company ") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 63,560,000 common shares of the Company (the " Common Shares ") at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the " Offering ").

Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., Haywood Securities Inc., Eight Capital, Red Cloud Securities Inc. and H.C. Wainwright & Co., LLC (collectively, the " Underwriters ").

The net proceeds from the Offering will be used by the Company to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.

The Offering was completed pursuant to a prospectus supplement to the Company’s […]

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“Historically services inflation typically runs above goods price inflation,” said Ms Bullock. “So we don’t necessarily need services inflation to be at the mid-point of our current range to meet our target we do need it to be a little lower than it currently is to meet our target [of price stability],” said Ms Bullock.

10.08AM – Feb 9, 2024 Shares add 0.1pc; Boral jumps

Tom Richardson

The S&P/ASX 200 traded up 0.1 per cent to 7645.4 points in early trade, with building materials business Boral surging 11.1 per cent after it lifted its profit guidance for financial 2024.A late rally on Wall Street took the S&P 500 above 5000 points for the first time in history to a high of 5000.40 points. At the close North America’s benchmark index retreated slightly to finish up 0.06 per cent at 4997.91 points. The Nasdaq added 0.24 per cent to 15,793 points.The […]

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February 12, 2024 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s special edition of Exploring Mining Podcast , featuring an exclusive interview with host Cali Van Zant talking to Ur-Energy Inc. ( NYSE:URG ) ( TSX:URE ) and its Chairman and CEO, John Cash.

Listen to the podcast on Investorideas.com

https://www.investorideas.com/Audio/Podcasts/2024/021224-Mining-Ur-Energy.mp3 Exploring Mining Podcast Interview with Ur-Energy Inc. CEO – The Power of Possibilities with a Producing Uranium Mine

SHARE PODCAST: Listen to Exploring Mining podcast on iTunes Apple podcasts Listen to Exploring Mining on Spotify Happy early Valentine’s Day to all our listeners! Investor Ideas has a special treat for you this month. We’re diving into Uranium stocks and highlighting some great juniors in North America.Investor Ideas starts off with John Cash, CEO and Chairman of Ur-Energy Inc. ( NYSE:URG ) ( TSX: URE ). He speaks about his career […]

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

KELOWNA, BC, Feb. 12, 2024 /CNW/ – FISSION URANIUM CORP. (" Fission " or the " Company ") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 63,560,000 common shares of the Company (the " Common Shares ") at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the " Offering "). Fission Uranium Corp. Logo (CNW Group/Fission Uranium Corp.) Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., Haywood Securities Inc., Eight Capital, Red Cloud Securities Inc. and H.C. Wainwright & Co., LLC (collectively, the " Underwriters ").

The net proceeds from the Offering will be used by the Company to fund exploration and development of the PLS project, as well as for […]

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