Its been 12 months since James Cooper suggested backing uramium stocks. But with the sector surging are we due for a pullback?

Dear Reader,

2023 has been a great year for the uranium bulls… A shining light on an otherwise dismal market for commodities.

But if you’ve been sitting on the sidelines, is now the time to jump in? Never miss an updateGet the latest insights from me in your inbox when they’re published.That’s what I’ll try to unpack today.The risks and potential long term opportunity for this once hated sector.So, let’s start by taking a quick glimpse at the recent price action…As you can see below, uranium shot up more than 50% after breaking out of a holding pattern in late April. Source: Trading Economics It’s a staggering move for any commodity, particularly one that’s sat in the gutter for the better part of a decade.But really, the surge was inevitable.This […]

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Tenex’s U.S. branch informed companies like Constellation Energy and Duke Energy about the possible ban, although Russia hasn’t made a final decision yet.

A U.S. bill to ban Russian uranium imports by 2028 is being debated, which could lead to a significant increase in uranium prices.

Russia is a major supplier of enriched uranium to the U.S., accounting for nearly a quarter of America’s supply last year.

Oil isn’t the only commodity at the center of tensions between the U.S. and Russia… Now Russian state-owned uranium company Tenex is telling American customers that "the Kremlin may preemptively bar exports" to the U.S. if Washington passes certain legislation that would prohibit imports beginning in 2028, Bloomberg reported on Friday . Tenex’s US branch has already alerted firms like Constellation Energy, Duke Energy, and Dominion Energy about a potential scenario, the report says, though Russia hasn’t finalized a decision. The individual […]

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Image: Bigstock Being an essential component in sustainable and reliable energy generation, uranium plays a crucial role in shaping the future of energy security. The increasing focus on finding alternative energy sources and diminishing global reliability on fossil fuels, has resulted in a surge in demand for uranium.

Uranium, used mainly in nuclear power plants, is one of the cleanest ways to produce electricity. Acknowledged for its sustainable and low-carbon footprint in addressing the increasing global energy demand, nuclear power stands out as a reliable source of electricity generation.

Given its pivotal role in the global energy landscape, uranium prices stand as a critical subject for investors and policymakers. Uranium Prices Soar to 15-Year Peaked

Driven by robust market demand and bright prospects, according to carbon credits , the uranium spot price hit its 15-year peak, reaching $85 per pound, supporting analyst estimates for a future market rally in the […]

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HALIFAX, NS, Dec. 18, 2023 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement"), dated December 15, 2023, with 1443904 B.C. Ltd. (the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to a 70% interest in the Company’s wholly owned Murmac and Strike Uranium Projects (the "Projects") over a three-and-a-half-year period by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares following completion of a going public transaction. Figure 1: Location of the Murmac and Strike Uranium Projects. (CNW Group/Fortune Bay Corp.) The Projects include mineral claims totalling 19,877 hectares located along the northwestern margin of the Athabasca Basin, near Uranium City, Saskatchewan, in the […]

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HALIFAX, NS, Dec. 18, 2023 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement"), dated December 15, 2023, with 1443904 B.C. Ltd. (the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to a 70% interest in the Company’s wholly owned Murmac and Strike Uranium Projects (the "Projects") over a three-and-a-half-year period by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares following completion of a going public transaction.

The Projects include mineral claims totalling 19,877 hectares located along the northwestern margin of the Athabasca Basin, near Uranium City, Saskatchewan, in the prolific Beaverlodge mining district where approximately 70 million pounds of U 3 O 8 was produced […]

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Investing News Network

December 18, 2023

(NewsDirect)

The demand for uranium is on the rise due to increasing interest in nuclear energy. Projections indicate a 28% increase in demand for uranium reactors by 2030, potentially doubling in the following decade as countries strive for zero-carbon goals, according to Reuters. Governments globally are acknowledging the pivotal role of nuclear power in achieving cleaner energy objectives.From a financial standpoint, the uranium market is experiencing a significant upswing. According to Bloomberg Intelligence, uranium prices have increased by 125% since the end of 2020, and the value of assets held in uranium exchange-traded funds has multiplied twentyfold. This surge aligns with worldwide commitments to address climate change, favorably positioning nuclear power and uranium.Adding a geopolitical dimension, the recent U.S. House of Representatives ban on Russian uranium imports reflects a commitment to securing domestic energy resources amid international tensions.Considering these factors, heading into the new year […]

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Sabre Resources (ASX:SBR) is lining up future drilling to test potential priority targets uncovered from ongoing exploration at the ‘extensive’ Ngalia Basin uranium tenement package in the Northern Territory.

The $10.5 million market capitalisation company says future aircore (AC) and reverse circulation (RC) drilling is being planned after Sabre announced today (18 December) that it has begun various exploration activities at the Dingo and Lake Lewis uranium projects.

Exploration at Dingo will target an extension of the Mt Eclipse Sandstone, which hosts the ‘high-grade’ Bigrlyi uranium-vanadium mineral resource of 7.46 million tonnes (Mt) @ 1,283 parts per million (ppm) triuranium octoxide (U3O8) and 1,197ppm vanadium oxide (V2O5).

Recent upgraded processing and imaging of radiometrics and satellite imagery have highlighted ‘large’ and untested uranium anomalies in exposed parts of the Mt Eclipse Sandstone.The company notes the anomalies link to ‘extensive’ and potentially uranium-bearing palaeochannel targets identified from satellite imagery. Sabre states other key […]

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A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Photographer: Lauren Petracca/Bloomberg (Bloomberg) — Tenex, a Russian state-owned uranium company, is warning American customers that the Kremlin may preemptively bar exports of its nuclear fuel to the US if lawmakers in Washington pass legislation prohibiting imports starting in 2028, according to people familiar with the matter.

Tenex’s US subsidiary has told electric companies including Constellation Energy Corp., Duke Energy Corp. and Dominion Energy Inc. to prepare for such an outcome, one of the people said, adding that the Kremlin has not made a final decision.

Article content

Article contentConstellation, Duke and Dominion didn’t immediately respond to a request for comment. Russia’s state nuclear corporation Rosatom, the owner of Tenex, denied any warnings to the US customers.“Tenex completely refutes as inaccurate the information regarding the alleged ‘warnings’ of a potential ‘pre-emptive’ […]

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CopperCorp Resources Kelowna, British Columbia–(Newsfile Corp. – December 15, 2023) – F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (the "Company ") announces the Company has granted a total of 12,765,000 incentive stock options (the " Options ") to purchase common shares of the Company (" Common Shares ") to certain Directors, Officers, Consultants and Employees of the Company pursuant to the Company’s long-term incentive plan (the " LTIP "). Each Option is exercisable into one Common Share at an exercise price of $0.41 per Common Share for a period of five (5) years from the date of grant. The Options shall vest as to 1/3 on the date of grant and 1/6 every 6 months thereafter. All of the Options expire on December 15, 2028.

Additionally, the Company has issued a total of 12,590,000 restricted share units (the " RSUs ") to certain Directors and Officers of the Company in […]

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As Interactive stock chart provided by quotemedia Price Volume Oct 2023 Nov 2023 Dec 2023 0.6 0.5 0 3 200k © quote media Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) and its partner mining companies advance their uranium projects toward becoming possible takeout targets, the in-progress and near-term exploration campaigns planned for them should catalyze Skyharbour’s stock, purported Siddharth Rajeev, Fundamental Research Corp. analyst, in a December 8 research note.

Also of note, Fundamental Research increased its fair value estimate on the Canadian uranium explorer, Rajeev indicated.

He explained, "Applying sector multiples to Skyharbour’s flagship assets, we arrived at a revised fair value estimate of CA$1.16 per share versus our previous estimate of CA$0.97 per share." Potential Gain Compelling

Given the uranium company’s current share price is CA$0.53 per share, the potential return implied for investors is significant, at 119%.Skyharbour remains Buy-rated. High Likelihood of M&A Rajeev expects an upcoming […]

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As the Coldplay song says … Picture: Getty Images Global Uranium and Enrichment (ASX:GUE) Formerly known as Okapi Resources ( ASX:OKR ), is up on Friday thanks to a yellow metal narrative first, followed by an update on its yellowcake interests.

It’s just revealed its exploration licence for the Enmore gold project – in the New England Fold Belt in NSW about 30km south of Armidale in NSW – has been renewed for another six years.

The company compares the project with the nearby Hillgrove Gold Mine, which belongs to Larvotto Resources ( ASX:LRV ) and has produced more than 730,000oz of gold.

By comparison, Enmore is largely underexplored, hence the company’s interest. For the latest mining news, sign up here for free Stockhead daily newsletters A maiden drill program completed in 2021 delivered strong results at Enmore, including 174m at 1.83g/t gold from surface, ending in mineralisation, with the deepest interval […]

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Uranium, a critical element in the nuclear energy sector, has experienced notable market dynamics in recent years. In October 2023, the U3O8 uranium spot price reached a 12-year high of $74.48 per pound , reflecting a year-to-date increase of 54.16%. This increase is part of a broader trend in the uranium market, characterized by increased utility contracting and its resilience against macroeconomic factors. Demand Dynamics

As mentioned, the demand for uranium is increasingly driven by utility companies, which are ramping up their uranium contracting. The World Nuclear Association predicts a near doubling of global nuclear reactor requirements by 2040, indicating a sustained demand for uranium. This demand is supported by the sector’s shift away from Russian supply chains, with a growing emphasis on alternative sources and enrichment facilities. It’s also expected to sustain higher prices in the long term, with utilities estimated to require 1.5 billion pounds of cumulative […]

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Cauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competitive and low-cost in-situ recovery (ISR) uranium operation. The Bennet Well Uranium Deposit is situated approximately 100 kilometers south of Onslow, Western Australia, and about 1,050 kilometers north of Perth.

The Scoping Study, supported by consultants from Ravensgate Mining Industry Consultants, as well as metallurgical and processing consultants at ANSTO and CSIRO, indicates promising financial returns for the project. With uranium markets on the rise, the Bennet Well operation’s strong economic figures underscore its significance within Cauldron’s broader Yanrey Uranium Project.

Key Highlights of the Scoping Study: Abundant Uranium Resources: The Bennet Well Mineral Resource (JORC 2012) contains approximately 30.9 million pounds (approximately 14,000 metric tonnes) of contained uranium oxide, with an Indicated plus Inferred Mineral Resource of 38.9 million tonnes grading 360 ppm eU3O8.

Production […]

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Alligator Energy Ltd – Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) is set to make key improvements to the Samphire Uranium Project’s economics following revisions to its scoping study.

The updated scoping study promises robust project economics, low environmental impact and considerable optimisation opportunities. Robust economics

The update follows an enhanced mineral resource estimate for the Blackbush deposit reported on December 7.

CEO Greg Hall emphasised the projected financial performance for Samphire: “The updated scoping study outcomes have shown a continued improvement in Samphire Project economics as we increase resource mineralisation quality, increase production rate and refine the processing flowsheet and costs.“An improving forward price assumption is also of great benefit. As major capital items were generally sized for a higher throughput in the initial scoping study, the relatively small capital increases were offset by reduced resource drilling during project construction, resulting in only a minor capital increase for this updated scoping study.”Key […]

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Uranium prices are a significant topic for investors, policymakers, and energy enthusiasts given its role in the global energy landscape. The uranium spot price is at 15-year high due to strong market demand and bullish long term outlook, confirming analysts’ forecast of a major sector rally.

As technology progresses, the demand for effective energy sources grows. Uranium holds a key position in generating nuclear power, making it a standout energy resource. The Powerhouse Driving Nuclear Energy Revolution

Uranium Spot Price USD/Pound

The 15-year high uranium price at $85 per pound , the highest since January 2008, is influenced by several factors.Basically, supply and demand dynamics do impact uranium prices . Rising nuclear power adoption also drives demand up while mining challenges and political tensions affect the supply side.From 2019 onwards, the uranium market experienced a shortage in supply, depleting the surpluses accumulated since the Fukushima incident in 2011. This […]

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Similar to the early days of the lithium rally, those companies that correctly precited a commodity shortage or supply gap will be big winners no matter where the stock market ends up in 2024. Despite the sector making solid gains this year, should uranium stocks follow the same pattern as the lithium rally, 2024 could be its year.

Spot lithium had its first big up year in 2021, rallying around 90%+, but from December 2021, lithium supply gaps caused a price squeeze that topped out 300% higher during 2022 as the ASX went into a lithium frenzy.

The price of uranium has risen 60% in 2023, rising from $50 a pound to over $80 a pound, a modest gain compared to the 2021 lithium rally. Uranium is in high demand, thanks to its role in clean energy transition and with 22 nations, representing 43% of the global economy, recently committing to […]

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Vancouver, British Columbia, Canada, December 7, 2023 – Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (" URC " or the " Company " – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ ) is pleased to report President and Chief Executive Officer, Scott Melbye, presented his views at the COP 28 Net-Zero Nuclear Pavilion in a panel discussion addressing the sustainability of the uranium sector. The panel was part of the United Nations Conference on Climate Change in Dubai, United Arab Emirates and hosted by the World Nuclear Association and Emirates Nuclear Energy Corporation. While at COP 28, URC demonstrated its support to the Net Zero Nuclear Industry Pledge, as one of 120 industry signatories.
The Net Zero Nuclear Industry Pledge, launched at COP 28 on December 5, 2023, commits to industry support for a tripling of global nuclear capacity by […]

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Toronto, Ontario and Nucla, Colorado, Dec. 12, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce the closing of its brokered private placement financing previously announced in the Company’s news release issued on December 4, 2023 (the “ Offering ”). Pursuant to the Offering, Western has issued a total of 5,215,828 units at a price of Cdn$1.39 per unit (each, a “ Unit ”) for aggregate gross proceeds of approximately Cdn$7,250,000, with each Unit being comprised of one common share (each, a “ Share ”) and one half of one common share purchase warrant (each, a “ Warrant ”). Each Warrant is exercisable into one Share of the Company at a price of Cdn$1.88 per Share, for a period of four (4) years from the date of issuance. A total of 5,215,828 Shares […]

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For the energy industry, the past few years have been marked by significant shifts, one of which is the surge in uranium prices that have recently exceeded $82 per pound. This rise in price signals a notable change in the energy landscape, particularly in the context of nuclear energy’s growing prominence. Currently, 437 nuclear power plants are operational in 33 countries, contributing to approximately 10% of the world’s electricity needs. Furthermore, an additional 99 nuclear reactors are planned, with over 300 more in the proposal stage globally. This trend underscores the increasing significance of nuclear energy in the global energy matrix. Driving Factors Behind the Rise in Uranium Prices

Several factors contribute to the rising uranium prices. Foremost among these is the growing demand for nuclear energy as countries strive to achieve net-zero emissions. This objective has been accelerated by commitments made at global platforms like COP28. Another crucial […]

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FOR IMMEDIATE RELEASE.

Toronto, Ontario and Nucla, Colorado, Dec. 12, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce the closing of its brokered private placement financing previously announced in the Company’s news release issued on December 4, 2023 (the “ Offering ”). Pursuant to the Offering, Western has issued a total of 5,215,828 units at a price of Cdn$1.39 per unit (each, a “ Unit ”) for aggregate gross proceeds of approximately Cdn$7,250,000, with each Unit being comprised of one common share (each, a “ Share ”) and one half of one common share purchase warrant (each, a “ Warrant ”). Each Warrant is exercisable into one Share of the Company at a price of Cdn$1.88 per Share, for a period of four (4) years from the date of issuance. A total of […]

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It’s a very good time for us to take an updated look at

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Tisdale Clean Energy Corp. (TCEC:CSE) , for as we will see, it still holds its earlier promise and now even more so, which is all to the good as it is still at a very good entry point. Tisdale is a junior uranium stock that only has about 16 million shares in issue, and of those, only about 4 million are in the float.

We last looked at it in the middle of November and, at that time, thought that a tight bull Flag was forming that would soon lead to an upside breakout, but it wasn’t, and it didn’t.Instead, it dropped down out of the supposed bull Flag to do more work marking out the base pattern, as we can see on its latest 1-year chart below, and […]

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Three business people stand on platforms in the desert and look out through telescopes. Having enjoyed an exceptionally strong run this year, ASX uranium shares are putting in a mixed performance today.

But Australia’s leading uranium stocks could be looking at some much larger hunting grounds and potentially much larger future revenues should the existing ban on uranium mining across multiple states be lifted. What’s been happening with ASX uranium shares?

ASX uranium shares have benefited from rocketing uranium prices in 2023, with yellowcake topping US$80 per pound recently, marking 15-year highs.

This comes as a growing number of nations are returning their attention to nuclear energy to provide reliable baseload energy as the world works to lower carbon emissions. That’s seen the demand for uranium outpace new supplies, driving up the price.And it’s helped ASX uranium shares return some market-smashing gains this year.Here’s how these five leading miners have […]

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Alligator Energy (ASX:AGE) could be in production ‘later in the decade’ with its Samphire Uranium Project in South Australia.

Speaking to Mining.com.au , Managing Director and Chief Executive Officer (CEO) Greg Hall says in the meantime, the company is booked up all year round in 2024. Once drilling is completed, Alligator will undertake an updated uranium resource around October or November next year.

“So we’re expecting to drill all year on parts of this Exploration Target Range, and then we’ll do an updated resource with a plan to target an increased resource in late 2024.

As we expand that resource, that means we can either put the production rate up in a future mine or run the mine longer.” “As we expand that resource, that means we can either put the production rate up in a future mine or run the mine longer” This news comes after the $212.42 […]

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Uranium prices shot to a 15-year high of above US$80 per pound last week as the metal needed for zero-carbon nuclear power to fuel our cars and gadgets now and in the future.

Uranium "continues to enjoy a strong 2023 on the back of continually positive shifts toward nuclear energy capacity in the Western world, compounded by continual tightness on the supply side . . . Recent data from the World Nuclear Association (WNA), initially highlighted by MRP in September, indicated that demand for uranium in nuclear reactors is expected to climb by 28% through 2030 and nearly double by 2040," the company said in a release.

Zacks.com took an interest, noting uranium prices have risen 30% this year. The article noted this increase may be due to "renewed interest in alternative sources of energy as governments around the world try to tackle climate change and reduce dependence on fossil […]

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