Moors & Cabot Inc. increases its stake in Cameco Co. (NYSE:CCJ)

According to the most recent 13F filing that Moors & Cabot INC submitted to the Securities and Exchange Commission, the company increased its holdings in Cameco Co (NYSE: CCJ) (TSE: CCO) during the third quarter of this year. Following the acquisition of an additional 3,850 shares during the period under review, the total number of shares held by the fund in the company involved in the trade of fundamental materials has now reached 15,226.

The most recent disclosure that Moors & Cabot INC made to the Securities and Exchange Commission indicated that the value of the company’s stake in Cameco was $404,000.

This information was provided to the SEC by Moors & Cabot, INC

Several institutional investors and other hedge funds recently altered the proportion of the company’s stock they owned in response to recent market events. FNY Investment Advisers LLC purchased about $31,000 worth of Cameco stock during the third quarter […]

Uranium Week: Speculation Returns

A renewed risk-on mood in financial markets in 2023 has rekindled speculation in the uranium spot market.

-U3O8 spot activity fired up again last week
-SPUT the main buyer
-EU/US looking at sanctions on Russian uranium exports

The desire shown by many countries to reduce carbon emissions and secure energy independence have re-instilled an optimism within the global nuclear industry that has not been witnessed in decades, industry consultant TradeTech notes, and has generated renewed interest from the financial community in the sector.A total of over 1.2mlbs U3O8 changed hands last week in eight transactions, as activity surged in the spot uranium market. TradeTech’s weekly spot price indicator is up US$0.50 at US$51.00/lb.The Sprott Physical Uranium Trust raised approximately US$81.2m and purchased over 977,000lbs U3O8 in January. SPUT currently holds nearly 60mlbs U3O8 in inventory, TradeTech reports, and its trading price has returned to a slight premium to net […]

If a Bull Market in Uranium is Coming, You’ll Want to Know About UEC, CCJ, and NXE

Amongst those who believe an energy transition is occurring — in that we are transitioning away from fossil fuels and to something else, potentially a carbon-free solution — nuclear remains extremely intriguing. And for the most part, nuclear is expected to come from nuclear power plants, which in turn rely on uranium as their source of fuel. Moreover, power plants tend to exhibit inelastic price demand for uranium; this fact, coupled with the fact that the uranium market is small was in a bear market for most of the 2010s leads many to be extremely bullish on uranium.

In this article, we’ll a take look at some of the most prominent uraniums stocks for US investors to see which, if any, would be worthy of investment. Looking for Profit? Try NXE

The Net Income of both CCJ and UEC has been decreasing steadily; for CCJ, the decline started in 2018, […]

Abasca Starts 5,000 Metre Drill Program on Key Lake South Uranium Project, Grants Stock Options

Classified in: Mining industry
Subject: NEW PRODUCTS/SERVICES

SASKATOON, Saskatchewan, Feb. 06, 2023 (GLOBE NEWSWIRE) — Abasca Resources Inc. (" Abasca " or the " Company ") (TSX-V: ABA) is pleased to announce the start of a 5,000 metre drilling program comprising 14 drillholes on its 100%-owned, 23,977-hectare Key Lake South Uranium Project. The Government of Saskatchewan had granted Abasca exploration permits for this program in December 2022, and the Company has since completed construction of a temporary work camp during January 2023.

Dawn Zhou, President and CEO, stated: "Abasca is very excited to carry out winter drilling at two of the more than ten target areas of the Key Lake South Uranium Project, namely Mustang and Seager North, which were further defined in 2022 based on previous exploration data. We are hopeful that the planned drillholes will be a milestone in the Company’s mineral discovery journey."
For more information and […]

The Cold War Legacy Lurking in U.S. Groundwater — ProPublica

Sign in the Lisbon Valley of southeastern Utah. Jonathan P. Thompson photo. Click the link to read the article on the ProPublica website , by Mark Olalde, Mollie Simon and Alex Mierjeski, video by Gerardo del Valle, Liz Moughon and Mauricio Rodríguez Pons

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox . In America’s rush to build the nuclear arsenal that won the Cold War, safety was sacrificed for speed. Uranium mills that helped fuel the weapons also dumped radioactive and toxic waste into rivers like the Cheyenne in South Dakota and the Animas in Colorado . Thousands of sheep turned blue and died after foraging on land tainted by processing sites in North Dakota. And cancer wards across the West swelled with sick uranium workers. The U.S. government bankrolled the industry, and mining […]

ASX 300 uranium Deep Yellow share just surged 7%. Here’s why

S&P/ASX 300 Index (ASX: XKO) uranium share Deep Yellow Ltd ( ASX: DYL ) is charging higher today.

Shares in the uranium miner were up 7.8% in earlier trade today and remain up 5.5% at the time of writing.

Hereâs whatâs driving investor interest in the ASX 300 uranium share. What did Deep Yellow report?

The Deep Yellow share price is soaring after the miner reported that its âhighly positiveâ Definitive Feasibility Study (DFS) at its Tumas uranium project in Namibia has been completed.Deep Yellow noted that the DFS, compared to the earlier Pre-Feasibility Study (PFS), resulted in increased production capacity of its plant from 3 Mlbpa of uranium (U3O8) to 3.6 Mlbpa U3O8, a 20% increase. The plantâs throughput also increased by 11% from the PFS, to 4.15Mtpa from the prior 3.75Mtpa.Atop uranium, the DFS indicated annual production capacity of 1.15 Mlb V2O5, a vanadium by-product.Based on existing ore […]

The 7 Most Promising Penny Stocks to Buy in February

The 7 Most Promising Penny Stocks to Buy in February

Before discussing the most promising penny stocks to buy, it’s important to broadcast a fundamental disclaimer: this sector is wildly risky. As an investor, you want to make sure the bulk of your money goes toward higher-probability names. And prior to that, your finances should address core needs first before engaging the capital markets. Once checking off these items, I suppose you can throw some loose change toward speculative ventures.

Still, even with the best precautions, the most promising penny stocks to buy present incredible dangers to your portfolio. Therefore, to formulate this list, I focused on securities priced no higher than $5 that trade in major exchanges. In addition, all of these ideas feature at least a consensus moderate buy rating from Wall Street analysts.

To be sure, approval from smart folks doesn’t guarantee a thing. Nevertheless, if you have your […]

Lining up uranium production, Ur-Energy responds to new sale agreements and rising demand

Investor News Writer February 1, 2023 No Comments Uranium prices continue to drift higher as demand grows and supply remains both constrained and at risk of disruption by Russia and Russian controlled entities. In the past month, uranium prices are up ~4% and they are up 15.72% over the past year. At the current price low cost uranium producers are starting to do quite well.

Uranium prices continue to march higher the past 3 years, currently at US$50.80 Ur-Energy Inc.

Ur-Energy Inc. (NYSE American: URG | TSX: URE) is a leading low cost U.S. uranium producer from their Lost Creek uranium mine & facility in south-central Wyoming, USA. They also own the Shirley Basin, Last Soldier, and Lucky Mc Mine uranium projects in the USA. Shirley Basin is ready to go subject to market demand for more uranium – Meaning it has its permits and authorizations to begin […]

GoviEx Uranium Letter to Stakeholders

Vancouver, British Columbia–(Newsfile Corp. – February 1, 2023) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or "Company") today provides a letter to stakeholders from the Executive Chairman, Govind Friedland and the Chief Executive Officer, Daniel Major.

To Our Fellow Stakeholders,

2022 was an incredibly busy year that saw us move closer to our goal of becoming a uranium producer. We would like to reflect on those achievements and to thank you, our stakeholders, for your support over the last 12 months.

Climate change issues are intensifying and there is growing recognition that nuclear energy remains a key part of the solution to achieve net zero. The uranium industry follows this momentum, however increased demand is not met due to a lack of new entrants in the industry, harder permitting environments, the depletion of secondary supply, geo-political tensions and a demand for security of supply and diversification from off-takers. This puts […]

Cameco (CCO) will report earnings on Thursday.

On Thursday, February 9, before the opening of the stock market, Cameco (TSE: CCO) (NYSE: CCJ) will release the quarterly financial results that it has been working on.

Mhe majority opinion of specialists in the relevant field is that the corporation will report quarterly profits of $0.11 per share.

David Fehr Doerksen, a senior officer at Cameco, sold 17,319 of the company’s stock shares on December 28.

Mhis new development is mentioned in the associated news. When the stock was bought and sold at an average price of C$30.79, the total value of the transaction was calculated to be C$533,252.01 in Canadian dollars. Following the successful transaction, the insider now directly owns 14,337 company shares with a combined value of approximately $441,436.23. On Thursday, the price of a share of CCO stock was set at 38.11 Canadian dollars when trading began.Mhe moving average of the company’s stock price over the past 200 […]

Cosa Resources Appoints Veteran Uranium Geologist Andy Carmichael as Vice President of Exploration

” or the “Company”) is pleased to announce the appointment of Andy Carmichael as Vice President of Exploration, effective immediately.

Andy Carmichael is a Professional Geoscientist with 19+ years in mineral exploration, of which 17+ have focused on exploring for uranium deposits in the Athabasca Basin, Hornby Bay Basin, Colorado Plateau, and Namibia. Most recently Andy served as Vice President of Exploration at IsoEnergy Ltd. (TSXV: ISO) where he was also a member of the team that discovered the Hurricane deposit, currently the world’s highest-grade Indicated Mineral Resource for uranium. Previously, Andy worked at the Triple R, Phoenix, Gryphon, and J-Zone deposits. Together with Craig Parry, Steve Blower, and Justin Rodko, Andy was awarded the AME 2022 Colin Spence Award for excellence in global mineral exploration for the discovery of Hurricane. Andy is a P.Geo and holds a B.Sc. with Honours in Geology from Saint Mary’s University in Halifax, Nova […]

Cameco (CCJ) will report earnings on Thursday.

Before the market’s opening on Thursday, February 9, Cameco (NYSE: CCJ) (TSE: CCO) will release the results of its most recent quarterly financial report.

According to analysts following the company’s stock price, Cameco is expected to generate earnings of $0.09 per share in the fourth quarter of this year.

By following the link provided, investors will have the opportunity to participate in the conference call that the company is holding.

Recent events have resulted in several changes being implemented by hedge funds regarding the interests they previously held in the company. 1832 Asset Management L.P.Increased the amount of Cameco stock owned by 61.9% over the year’s first three months. 1832 Asset Management L.P. now holds a total of 1,700 stock held by the basic materials company following the acquisition of an additional 650 shares during the most recent quarter.Based on the stock’s current price, 1832 Asset Management L.P. has spent $49,000.During the […]

Global Uranium Market | Expected to Reach USD 2736.31 million in 2023 | Growing at CAGR of 3.68% | Forecast Period 2023-2028

Press Release

Uranium Market 2023 Global Industry Market research report provides key analysis of the market status of the Uranium manufacturers with market size, growth, share, trends as well as industry cost structure.

The MarketWatch News Department was not involved in the creation of this content.

Feb 03, 2023 (The Expresswire) — Global Uranium Market NEW UPDATED REPORT 2023 presents a trusted overview of the current market situation and forecast till 2029. The study is perhaps a perfect mixture of qualitative and quantitative information highlighting key market developments, challenges, competition industry analysis, and new opportunities available and trends within the Uranium Market. Further, this report gives Uranium Market size, recent trends, growth, share, development status, market dynamics, cost structure, and competitive landscape. The research report also includes the present market and its growth potential in the given period of forecast. An exhaustive and professional study of the […]

Uranium Hexafluoride Market to Witness Huge Growth by 2029 | Arkema, Asahi Glass, Saint-Gobain

Uranium Hexafluoride Market The Worldwide Uranium Hexafluoride Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Uranium Hexafluoride industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging players in understanding the businesses to make well-informed decisions. Some of the major and emerging players within the market are Arkema, Asahi Glass & Saint-Gobain.

If you are part of Worldwide Uranium Hexafluoride market, then benchmark how you are perceived in comparison to your competitors; Get an accurate view of your business in Worldwide Uranium Hexafluoride Marketplace with the latest released study by HTF MI

Get Free Sample Pages PDF @ https://www.htfmarketreport.com/sample-report/3555692-worldwide-uranium-hexafluoride-market

By end users/application, market is sub-segmented as: […]

Cosa Resources Appoints Veteran Uranium Geologist Andy Carmichael as Vice President of Exploration

Vancouver, British Columbia – TheNewswire – February 2, 2023 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce the appointment of Andy Carmichael as Vice President of Exploration, effective immediately.

Andy Carmichael is a Professional Geoscientist with 19+ years in mineral exploration, of which 17+ have focused on exploring for uranium deposits in the Athabasca Basin, Hornby Bay Basin, Colorado Plateau, and Namibia. Most recently Andy served as Vice President of Exploration at IsoEnergy Ltd. (TSXV: ISO) where he was also a member of the team that discovered the Hurricane deposit, currently the world’s highest-grade Indicated Mineral Resource for uranium. Previously, Andy worked at the Triple R, Phoenix, Gryphon, and J-Zone deposits. Together with Craig Parry, Steve Blower, and Justin Rodko, Andy was awarded the AME 2022 Colin Spence Award for excellence in global mineral exploration for the discovery of Hurricane. Andy is a […]

Azincourt Energy Provides Update for East Preston Uranium Project, Athabasca Basin, Saskatchewan

Road Completed, Camp Build Nearing Completion

Drill & Crew Mobilization Underway

Drilling to Commence This Weekend

VANCOUVER, British Columbia, Jan. 26, 2023 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF) , is pleased to provide an update on mobilization for the East Preston winter program in the Athabasca Basin, Saskatchewan, Canada (the “ East Preston Project ”).The Company is conducting an extensive drill program for the winter of 2023, as last reported in a news release dated December 13 th , 2022. Terralogic Exploration Inc. (“ TerraLogic ”) will facilitate and execute the program under the guidance and supervision of Azincourt’s Vice President, Exploration, Trevor Perkins, P. Geo, and Jarrod Brown, M.Sc., P.Geo, Chief Geologist and Project Manager with TerraLogic. The program will consist of up to 5,000 meters of drilling in 20+ diamond drill holes. The priority will be […]

Fission Uranium Announces Winter Program to Advance PLS; Stakes New Uranium Property in Western Athabasca Basin

PLS Project Winter Drill Program Highlights 3 drill holes (300m) at each stockpile location

4 drill holes (300m) at the mill location

20 test pits for water table data and estimating boulder content for earthworks planning

5 drill holes (730m) on the R780E zone to confirm groundwater modelling Ross McElroy, President and CEO for Fission, commented, "With the superb results of our feasibility study now in hand, we will continue to develop our PLS uranium project at a strong, steady pace. As we move towards the Environmental Impact Statement, we will also be carrying out a number of work programs, including this new round of geotechnical drilling for the mine and mill facilities." Drill Program – Further Technical Details Stockpiles. Previous drill holes for the feasibility study ("FS") were drilled in the general area of the waste stockpiles to test suitability for waste storage. Now that the […]

Elevate Uranium (ASX:EL8) Is In A Good Position To Deliver On Growth Plans

Source: Shutterstock Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the right price. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you’d have done very well indeed. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So should Elevate Uranium ( ASX:EL8 ) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We’ll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. Does Elevate Uranium Have A Long Cash Runway?

You can calculate a company’s cash runway by dividing […]

Cosa Resources Appoints Veteran Uranium Geologist Andy Carmichael as Vice President of Exploration

(TheNewswire) Vancouver, British Columbia TheNewswire – February 2, 2023 Cosa Resources Corp. ( CSE: COSA ) (" Cosa Resources " or the "Company") is pleased to announce the appointment of Andy Carmichael as Vice President of Exploration, effective immediately.

Andy Carmichael is a Professional Geoscientist with 19+ years in mineral exploration, of which 17+ have focused on exploring for uranium deposits in the Athabasca Basin, Hornby Bay Basin, Colorado Plateau, and Namibia. Most recently Andy served as Vice President of Exploration at IsoEnergy Ltd. (TSXV: ISO) where he was also a member of the team that discovered the Hurricane deposit, currently the world’s highest-grade Indicated Mineral Resource for uranium. Previously, Andy worked at the Triple R, Phoenix, Gryphon, and J-Zone deposits. Together with Craig Parry, Steve Blower, and Justin Rodko, Andy was awarded the AME 2022 Colin Spence Award for excellence in global mineral exploration for the discovery of Hurricane. […]

The 3 Most Undervalued Penny Stocks to Buy in February 2023

If the bear is really losing its bite on this market, here are three undervalued penny stocks for your watchlist.

Kinross Gold ( KGC ): Gold has finally been performing the way precious metals investors were hoping.

Uranium Energy ( UEC ): UEC will play a key role in filling the U.S. Strategic Uranium Reserve.

Harpoon Therapeutics ( HARP ): A key partnership should make investors optimistic that its lead candidate will make it through clinical trials. Source: John Brueske / Shutterstock.com If finding undervalued stocks is good, then finding undervalued penny stocks is even better. That’s because, with penny stocks, investors’ capital appreciation upside potential is amplified.Of course, risks are also amplified, making such companies often all-or-nothing bets. Penny stocks, which for this article I define as stocks trading for less than $5, are cheap for a reason. Many of these companies are not profitable. Some […]

AuKing Mining sees uranium and copper opportunities in Tanzanian acquisition; shares up 38%

AuKing Mining Ltd (ASX:AKN) has added a series of Tanzanian uranium and copper prospects to its portfolio, building its exposure to critical mineral and nuclear energy assets.

The explorer has just dotted the I’s and crossed the T’s on an acquisition that brings four uranium and two copper projects into the fold, with work on the key Manyoni and Mkuju projects to kick off immediately.

In October last year, AuKing flagged its intention to acquire 92 U for A$6 million, picking up its uranium and copper portfolio along the way.

Fast forward to today and AuKing has dispatched 60 million shares and 30 million options — exercisable at 20 cents before September 30, 2025 — to seal the deal.The company will also award 5 million new shares and 10 million options to Vert Capital, which introduced the company to the Tanzanian assets.Completion of this acquisition has seen AKN shares as much as […]

Uranium: Will Rosatom Be Sanctioned After Reports Of Supplying Military Hardware To Russia?

Rosatom, Russia’s state-owned nuclear conglomerate, has been working to supply Russia’s military with components, technology, and raw materials for missiles, according to The Washington Post. The materials were sent to weapons makers that sell to Russia’s military, and presumably some of those missiles have been deployed in Russia’s war against Ukraine.

While this news is not surprising in general terms, the key business implication is that it may prompt the U.S. to place sanctions on Rosatom. Since Rosatom exports uranium to the U.S. and the European Union (EU) for use in commercial nuclear reactors — indeed, it supplied 14% of the U.S.’s uranium needs in 2021 — major uranium buyers may be forced to purchase uranium from other sources. This in turn could put upward pressure on spot uranium prices and ultimately help small uranium miners in the U.S. and Canada.

Any sanctions that the U.S. or the EU would impose […]

Purepoint Uranium : Monthly Uranium Exploration Update – February 2023

Team forms to build North America’s first SMR

01-27-2023

Four companies to advance new reactor at Darlington site.

Ontario Power Generation (OPG) has partnered with GE Hitachi Nuclear Energy, SNC-La- valin, and Aecon to construct North America’s first Small Modular Reactor (SMR) at the Darlington New Nuclear Project site.The agreement represents an innovative contracting approach for a nuclear project in North America. Under terms of the agreement, GE Hitachi, SNC-Lavalin, Aecon, and OPG will provide a diverse range of expertise and services as part of an integrated project delivery model to develop, engineer and construct a BWRX-300 SMR, with construction to be complete by late 2028."Working with these three companies, OPG is leveraging decades of nuclear energy and large project experience to deliver much-needed new, reliable electricity generation to Ontarians." Ken Hartwick, OPG President and CEOAll parties will manage the project as an integrated team and each company will play a specific […]

Fresh ENRG assays bolster looming uranium resource

ENRG Elements has scored a suite of uranium assays that could strengthen the company’s pending resource update. Credit: File Ahead of a revised mineral resource at its Takardeit deposit ENRG Elements has mopped up a pool of notable uranium assays which have validated a batch of previously acquired downhole gamma results at its Agadez project in Niger, West Africa. Notable intersections include a 1m hit going 1100 parts per million uranium from a shallow depth of just over 4m.

Additional results from the five-hole diamond core campaign include 2m running 715 ppm uranium from 4.75m, 1m grading 379 ppm from 11.25m and 1m at 297ppm from 10.85m.

The company’s latest batch of assays follows a program of shallow drilling at the operation which was headlined by a downhole gamma result of 2m at 2266 ppm uranium equivalent from 22.7m. Supplementary downhole gamma results from a pair of additional holes include 2m […]

Sprott Launches Four New ETFs Focused on Energy Transition Materials

TORONTO, Feb. 02, 2023 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott”), a wholly-owned subsidiary of Sprott Inc. (NYSE/TSX: SII), today announced the launch of four Exchange Traded Funds (ETFs) focused on providing investors pure-play 1 exposure to critical minerals essential to the generation, transmission and storage of cleaner energy. The four funds are Sprott Energy Transition Materials ETF (Nasdaq: SETM), Sprott Lithium Miners ETF (Nasdaq: LITP), Sprott Junior Uranium Miners ETF (Nasdaq: URNJ) and Sprott Junior Copper Miners ETF (Nasdaq: COPJ).

As nations around the world embrace mandates that require sharp reductions in their carbon emissions, Sprott’s new Energy Transition ETFs enable investors to gain convenient, liquid 2 exposure to the miners of critical minerals that may benefit from quickly increasing demand, limited supplies and the challenges of bringing minerals to market.

“2022 was a global wake-up call regarding the importance of energy transition and security,” said John Ciampaglia, CEO […]