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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NYSE American:EU
TSXV:EU
www.encoreuranium.com

DALLAS, Texas, May 24, 2023 /PRNewswire/ – enCore Energy Corp. (NYSEAmerican: EU) (TSXV: EU) (the " Company " or " enCore" ) is set to join the Russell 3000Ò Index effective after the US market opens on June 26, 2023 according to a preliminary list of additions posted May 19, 2023. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in in the large-cap Russell 1000Ò Index or small-cap Russell 2000Ò Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. enCore Energy Logo (CNW Group/enCore Energy Corp.) enCore Energy Executive Chairman, William M. Sheriff, said, "enCore’s acceptance on the Russell 3000® Index reflects our continued efforts to gain a greater awareness and presence within the US financial community […]

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” The Uranium Dioxide Ceramic Pellets Market research report provides all the information related to the industry. It gives the market’s outlook by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Uranium Dioxide Ceramic Pellets market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

Uranium fuel rods refer to materials that can be used by nuclear reactors to generate practical nuclear energy through nuclear fission or fusion. Nuclear fuel can refer not only to the fuel itself, but also to fuel rods composed of fuel materials, structural materials, neutron moderators, and neutron reflector materials.

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[…]

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Blue Sky Uranium noted that the drilling program at Ivana East was temporarily delayed due to technical issues with the drilling rig Blue Sky Uranium Corp. (TSX-V:BSK, OTCQB:BKUCF) has reported progress on exploration and development work at the Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina, including process design testwork, resource evaluation, and drilling programs.

Regarding the process design testwork for the Ivana deposit, uranium and vanadium leach tests were completed on a composite bulk sample. The optimized leach conditions resulted in a uranium recovery rate of 96% and a vanadium recovery rate of 35%. Preparations are now underway for testing membrane filtration as the next step in the milling process.

The company also highlighted the advancement of modeling work conducted by external consultants to evaluate the impact of additional drilling and density measurements on the project’s mineral resources. The aim is to refine the boundaries of the deposit and […]

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More than one expert reckons these days that ASX shares in the uranium industry are about to enjoy a revival not seen for years.

The Market Matters team, for example, reckons it’s a sector with “meaningful tailwinds that are likely to persist for years to come”.

“The global energy mix is changing as decarbonisation is one of, if not, the most dominant investment theme[s] for the next decade,” said the team leader and Shaw and Partners portfolio manager James Gerrish.

“We believe nuclear energy will become a larger slice of the energy mix, and we are seeing tangible evidence of this occurring.”He noted that year to date almost 100 million pounds of uranium have been contracted, which is already the highest yearly amount for more than a decade.Funnily enough, the spot uranium price has held steady over the past 12 months, which means related stocks have also gone sideways.But, of course, both […]

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SASKATOON, SK / ACCESSWIRE / May 24, 2023 / Abasca Resources Inc. ("Abasca" or the "Company") (TSXV:ABA) is pleased to release geochemical assays from drillcore samples collected during its successful winter drilling program on the 100%-owned 23,977-hectare Key Lake South Uranium Project ("KLS"). The Company drilled a total of 11 holes (Figure 1) comprising 4,959 metres at the Mustang target area ("Mustang"), intersecting anomalous radioactivity in 8 holes (previously released), and assays confirm anomalous uranium intersections.

Assay Highlights 9 of the 11 drillholes intersected anomalous uranium over a cumulative total core length of 13.85 m.

KLS-23-004 intersected a total of 1.5 m of anomalous uranium, including 10 cm at 1260 ppm U.

KLS-23-006 intersected a total of 3.4 m of anomalous uranium, including 79 cm at 897 ppm U and 43 cm at 942 ppm U. KLS-23-009 intersected a total of 2.4 m of anomalous uranium, including 50 cm […]

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AuKing Mining Ltd (ASX:AKN) has launched a 2,000-metre drilling expedition at its Itigi Uranium Project in central Tanzania thanks to a newly minted prospecting licence from the country’s Mining Commission.

The explorer will set the drill bit spinning on a considerable radiometric anomaly — spanning 40 kilometres by 10 kilometres — in a bid to put fresh numbers to uranium encountered across more than 400 historical exploration pits.

AuKing CEO Paul Williams is optimistic Itigi’s potential could significantly augment the uranium resources at the flagship Manyoni Project, about 80 kilometres east of Itigi.

“Our exploration team recently acquired a substantial amount of historical data from earlier activities at Itigi – none of which has been made publicly available,” he said of the program’s impetus.“We will also carry out some preliminary XRF measurements on these pits and use that as the basis for assessing samples to be sent for assay.” Itigi and Manyoni […]

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Vancouver, British Columbia–(Newsfile Corp. – May 23, 2023) – MYRIAD URANIUM CORP. M 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 – 650 W […]

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Significant Conversion of Inferred to Indicated Expected to Impact Mineable Reserves

TORONTO, May 23, 2023 /CNW/ – Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO ) (OTCQX: GLATF) (FRANKFURT: G12) announced today that the Company has updated its Mineral Resource Estimate ("MRE") for its Dasa Project in the Republic of Niger. Figure 1 – Dasa Project longitudinal section based on 2019 Mineral Resource Estimate (CNW Group/Global Atomic Corporation) Figure 2 – Dasa Project longitudinal section based on 2023 Mineral Resource Estimate (CNW Group/Global Atomic Corporation) The new MRE was calculated by AMC Consultants, ("AMC"), of Perth, Western Australia, incorporating drill, probe and chemical assay data compiled from an extensive 16,000-meter drill program initiated in September 2021, that focused on infill drilling to upgrade Inferred Resources to the higher resource classification of Indicated, which allows these resources to be included in an updated Mine Plan and Mineral Reserve.

In […]

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The S&P/ASX 200 closed 4 points lower, down -0.05%.

Another sleeper session with the Index mostly unchanged, Australia’s manufacturing PMI remains in contraction while services shine, Biden and House Speaker Kevin McCarthy fail to reach an agreement but discussions described as ‘productive’ and uranium stocks are on the move, but is it just another fake rally?

Let’s dive in.

Today in ReviewTue 23 May 23, 4:17pm (AEST) Name Value % Chg Major Indices ASX 200 7,259.9 -0.05% All Ords 7,447.4 -0.04% Small Ords 2,863.5 -0.21% All Tech 2,350.1 +0.30% Emerging Companies 2,065.3 -0.32% Currency AUD/USD 0.665 -0.04% US Futures S&P 500 $4,209.0 +0.10% Dow Jones $33,377.0 +0.05% Nasdaq $13,923.0 +0.15% Name Value % Chg Sector Financials 6,198.0 +0.77% Real Estate 3,166.4 +0.57% Energy 10,931.1 +0.35% Information Technology 1,726.1 +0.22% Health Care 44,780.7 +0.12% Communication Services 1,561.6 +0.10% Utilities 8,483.8 -0.22% Industrials 6,853.1 -0.54% Materials 17,822.2 -0.74% Consumer Staples 13,151.6 -0.83% Consumer Discretionary […]

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As the world grapples with the challenges of sustainable and clean energy production, one element stands out for its potential: uranium. Known primarily as the fuel for nuclear power plants, uranium offers a compelling investment case, particularly for forward-thinking Canadian investors.

Canadian investors are uniquely positioned to tap into this opportunity, thanks to the country’s rich uranium resources and high-profile companies like Cameco ( TSX:CCO ), which currently possesses the capacity to produce more than 30 million pounds of uranium concentrate along with holding 469 million pounds of reserves.

Cameco PriceJun ’22Jul ’22Aug ’22Sep ’22Oct ’22Nov ’22Dec ’22Jan ’23Feb ’23Mar ’23Apr ’23May ’23Jul ’22Sep ’22Nov ’22Jan ’23Mar ’23May …25303540Zoom1M3M6MYTD1Y5Y10YALLMay 24, 2022→May 19, 2023www.fool.ca

However, Cameco is still just a single stock. Despite being flush with $2.47 billion in cash as of the most recent quarter along with strong year-over-year revenue growth, I’d be hesitant to bet a uranium-centered investment thesis solely on […]

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The flagship Cue Gold Project continues to shine for Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) , which has fielded assay results highlighting high-grade mineralisation within and outside the Leviticus deposit during reverse circulation (RC) drilling.

Leviticus deposit has a total mineral resource estimate (MRE) of 42,000 tonnes at 6.0 g/t gold for 8,000 ounces gold, all in the inferred category.

Last year, President Joe Biden banned the import of Russian diamonds along with caviar and vodka in response to Kremlin’s invasion of Ukraine. The tightened supply chain for diamonds has put a spotlight on lab-grown diamonds (LDG), which offer shoppers bigger stones for less money.

Since the US is the world’s largest diamond jewelry consumer, Scottsdale, Arizona-based high-tech diamond company Adamas One Corp. (NASDAQ:JEWL) , is the right company, in the right place, at the right time. Coinsilium Group Ltd’s (AQSE:COIN, OTCQB:CINGF) new acquisition promises to give the Web3-advisory firm a base from […]

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HT Ganzo Uranium prices are up sharply across many timeframes. The industrial-heavy commodity is below its spike high from a year ago, but a firm uptrend is apparent when zooming out several years. With nuclear power popularity growing amid geopolitical uncertainty and the re-shoring trend (part of the energy independence theme), uranium demand is seen as strong over the coming years. Still, macro risks linger with ebbing economic growth concerns.

I have a hold rating on Sprott Uranium Miners ETF (NYSEARCA: URNM ) based on a so-so valuation, poor seasonality in the industry, and a mixed chart. Uranium’s Bull Market Last 6 Years

TradingView According to the issuer , URNM is the only ETF to provide pure-play exposure to uranium miners and physical uranium essential to nuclear power. URNM seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX). […]

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The US, UK and G7 have moved to further turn the screws on Russia, including a timeframe towards banning uranium imports in the US.

-US looking to wean itself off Russian uranium
-G7, UK announce further sanctions on Russia
-Spot market remains quiet

A bill banning Russian uranium imports to the US passed a House of Representatives subcommittee on May 16, advancing the draft legislation closer to a vote. However, the ban would not begin until 2028.The Prohibiting Russian Uranium Imports Act also contains a provision for waivers, which would allow the import of low-enriched uranium from Russia if the US Secretary of Energy determines there is no alternative source available for operation of a commercial nuclear reactor or US nuclear energy company, or if the shipments are of national interest.A similar bill has been referred to the Energy Committee in the US Senate.The US is clearly in no […]

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Uranium Energy Corp. (AMEX: UEC) has a price-to-earnings ratio that is above its average at 42.17x. and a 36-month beta value of 2.00. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The average price predicted for Uranium Energy Corp. (UEC) by analysts is $6.85, which is $4.17 above the current market price. The public float for UEC is 358.78M, and at present, short sellers hold a 11.78% of that float. On May 22, 2023, the average trading volume of UEC was 6.42M shares.

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As the world grapples with the challenges of sustainable and clean energy production, one element stands out for its potential: uranium. Known primarily as the fuel for nuclear power plants, uranium offers a compelling investment case, particularly for forward-thinking Canadian investors.

Canadian investors are uniquely positioned to tap into this opportunity, thanks to the country’s rich uranium resources and high-profile companies like Cameco ( TSX:CCO ), which currently possesses the capacity to produce more than 30 million pounds of uranium concentrate along with holding 469 million pounds of reserves.

However, Cameco is still just a single stock. Despite being flush with $2.47 billion in cash as of the most recent quarter along with strong year-over-year revenue growth, I’d be hesitant to bet a uranium-centered investment thesis solely on its back. We need some alternatives for greater diversification .

Fortunately, I have just the solution in the form of two uranium-focused exchange-traded funds […]

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Raymond James Financial Services Advisors Inc. lifted its holdings in Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,006 shares of the basic materials company’s stock after acquiring an additional 6,650 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Cameco were worth $4,035,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new position in shares of Cameco in the third quarter valued at $6,846,000. Sequoia Financial Advisors LLC purchased a new position in shares of Cameco in the fourth quarter valued at $531,000. Cigna Investments Inc. New purchased a new position in shares of Cameco in the third quarter valued at $210,000. Verition Fund […]

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Demand for non-ferrous metals is expected to be strong, mainly driven by the ongoing vehicle electrification and the increasing adoption of renewable energy, which will continue to support the Zacks Mining – Non Ferrous industry. Also, the impending demand-supply imbalance is expected to help boost metal prices.

Against this backdrop, we suggest keeping a close eye on companies like Southern Copper Corporation SCCO, Freeport-McMoRan Inc. (FCX), Coeur Mining CDE, Energy Fuels UUUU and Amerigo Resources ARREF. These companies are poised to gain from their endeavors to build reserves and control costs, while investing in technology and improving production efficiency.

About the Industry

The Zacks Mining – Non Ferrous industry comprises companies that produce non-ferrous metals, including copper, gold, silver, cobalt, molybdenum, zinc, aluminum and uranium. These metals are utilized by various industries, including aerospace, automotive, packaging, construction, machinery, electronics, transportation, jewelry, chemical and nuclear energy. Mining is a long, complex […]

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