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 […]

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

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 […]

Click here to view original web page at thedeepdive.ca

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 […]

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

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 […]

Click here to view original web page at thewest.com.au

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 […]

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

European white labeller HANetf reports that Sprott Uranium Miners UCITS ETF (URNM) has now passed the USD51 million assets under management (AUM) milestone for the first time.

URNM, which tracks the North Shore Sprott Uranium Miners Index, was launched in May 2022, and provides investors with a way to access the growth of nuclear power through exposure to uranium miners. Alongside uranium mining equities, the ETF invests in physical uranium through investment trusts.

The Sprott Uranium Miners UCITS ETF was launched in partnership with Sprott Asset Management. Sprott are global experts in the uranium space, overseeing a US-listed sister uranium miners ETF with around USD700 million AUM and a physical uranium trust with almost USD3 billion AUM.

In response to the energy crisis, global leaders have been increasingly looking to alternative sources of energy, HANetf writes. The United States and European Union member states have earmarked increased funding to support nuclear […]

Click here to view original web page at etfexpress.com

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 24.05MM shares of Uranium Energy Corp. ( UEC ). This represents 6.5% of the company.

In their previous filing dated February 3, 2022 they reported 16.80MM shares and 6.30% of the company, an increase in shares of 43.19% and an increase in total ownership of 0.20% (calculated as current – previous percent ownership).

Analyst Price Forecast Suggests 73.88% Upside

As of January 31, 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 73.88% from its latest reported closing price of $4.03.The projected annual revenue for Uranium Energy is $27MM, a decrease of 66.27%. The projected annual EPS is $-0.04. Fund Sentiment There are 324 funds or institutions reporting positions in Uranium Energy. […]

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

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 […]

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

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 […]

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

Shares have been soaring for uranium developer Deep Yellow [ ASX:DYL ] after the company issued an update pertaining to its Tumas Project in Namibia, which the company says has returned both strong and positive results in its recent DFS (Definitive Feasibility Study).

Deep Yellow was riling up its shareholders on what it called highly positive results for its world-class uranium project, expecting to produce up to 3.6 Mlb UO (uranium) per annum and 1.15 Mlb VO (vanadium by-product) over 22.25 years of mine life.

By rising more than 7% in share price today, DYL has shot up more than 17% in the first month of the year and sits at an 8% gain from February 2022–23.

Even so, the uranium producer is tracking below its industry average by 16.5%.By comparison, Boss Energy [ASX:BOE] , DYL’s big-name uranium-producing competitor has moved up 24% in the past full year and, though up on […]

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

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 […]

Click here to view original web page at thewest.com.au

CALGARY, Alberta, Jan. 26, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “ Company ” or “ Traction ”) has received a request from OTC Markets Group Inc. (“ OTC Markets ”) to issue a statement about recent promotional activity concerning the Company and its common shares (the “ Common Shares ”), including the distribution of promotional newsletter emails published by Future Money Trends, LLC, Lion Capital Investment Limited, MIC Market Information & Content Publishing GmbH and Tamarack Advisors, and their respective affiliates (collectively, the “ Advertisers ” and each an “ Advertiser ”) discussing the Company, its business, and the uranium industry in general (the “ Materials ”). The Company believes the recent promotional activities commenced on or about January 16, 2023, and notes that the anticipated commencement of such activities was within the Company’s knowledge and disclosed in a news release […]

Click here to view original web page at stockhouse.com

Strong Results From Tumas Definitive Feasibility Study Perth, Australia (ABN Newswire) – Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is pleased to release the results of the Tumas DFS, showing the flagship uranium project as a potential world-class operation delivering robust returns to shareholders (refer Figure 1*). The Tumas DFS Executive Summary prepared by DFS lead engineer, Ausenco Services Pty Ltd, with key input and direction from the Deep Yellow subject matter experts, is attached to this release to provide the detailed backdrop information to support the key project findings. (refer Annexure 1*)

Commenting on the DFS results, John Borshoff Managing Director/CEO said: "The release of the Tumas DFS is the most significant event to-date in our Company’s history.

"We believe this is a very robust DFS and underscores the value of our conviction to apply effort in contrarian fashion, with a proven team, to discover the expanded Tumas Project that now […]

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

These climate change penny stocks are low a risk way to play the burgeoning renewable energy sector.

Sunworks ( SUNW ): Marching towards profitability after posting double-digit revenue growth over the past few quarters.

Denison Mines ( DNN ): The firm stands out for its low-cost production of high-quality uranium ore.

Gevo ( GEVO ): Sustainable aviation fuel market is likely to grow by an amazing 56.4% from 2020 to 2030. Source: Vitalii Vodolazskyi / Shutterstock.com Investing in climate change penny stocks has never been a better opportunity than now. The prevalence of green energy has become ubiquitous over time, and savvy investors looking to invest in the future of sustainability will benefit immensely. With a well-rounded portfolio, these investments could be incredibly valuable in the coming years.Furthermore, research suggests that the renewable energy space will continue to accelerate each year. For instance, The U.S. grid operated more than […]

Click here to view original web page at investorplace.com

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 […]

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

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 […]

Click here to view original web page at investorintel.com

Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 24.05MM shares of Uranium Energy Corp. ( UEC ). This represents 6.5% of the company.

In their previous filing dated February 3, 2022 they reported 16.80MM shares and 6.30% of the company, an increase in shares of 43.19% and an increase in total ownership of 0.20% (calculated as current – previous percent ownership).

Analyst Price Forecast Suggests 73.88% Upside

As of January 31, 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 73.88% from its latest reported closing price of $4.03.The projected annual revenue for Uranium Energy is $27MM, a decrease of 66.27%. The projected annual EPS is $-0.04. Fund Sentiment There are 324 funds or institutions reporting positions in Uranium Energy. […]

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

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 […]

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

VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“ Anfield ” or the “ Company ”) is pleased to announce that BRS Engineering (“BRS”) has begun a Preliminary Economic Assessment (PEA) for the Company’s Slick Rock uranium and vanadium project (“ Slick Rock ”). Slick Rock is located in the prolific Uravan region of Colorado, in close proximity to Anfield’s West Slope uranium and vanadium project. The property holds a historical inferred resource of 2.5 million tons at 0.228% uranium and 1.37% vanadium, returning 11.6 million pounds of uranium and 69.6 million pounds of vanadium* and, between 1957 and 1983, Slick Rock produced 2.2 million pounds of uranium and 13.9 million pounds of vanadium. Finally, in 2014 Uranium Energy Corporation (“UEC”), the previous owner of Slick Rock, issued a PEA which stated a pre-tax project Internal Rate of Return […]

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

Vancouver, BC

–News Direct– Nuclear energy is regaining popularity and will likely help uranium prices rebound further in 2023. Several of the world’s most developed countries have announced plans to extend the life of their existing nuclear power plants, with some even expanding their fleets rather than shutting them down as was previously planned.

The result has accelerated the uranium market’s robust recovery over the last two years, after nearly a decade of low prices. This has included announcements of new construction and additional incentives and funding from Japan, France, South Korea, India, the UK, the US and most recently Germany, which has always had a love-hate relationship with nuclear energy.

This is how you can potentially earn extra income every single month… Benzinga’s full-time trader Chris Capre is sending simple options trade alerts to traders like you. Click Here to get his trades for only $0.99! For the last […]

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

Paul Harris, Editor of the Mining Journal gives presentation entitled: Gold Equities Paying Dividends. VRIC 2023. Photo by Rowan Dunne The long-established Vancouver Resource Investment Conference (VRIC) returned this week for the 25th time and brought a vast array of mining companies to the city’s convention centre.

An assortment of individuals with different roles and interests were there between January 29-30 to view the various booths and presentations and mining companies in attendance were involved with everything from gold, silver, copper and nickel to lithium and uranium.

Paul Harris, a renowned mining industry researcher, reporter and analyst who currently serves as the Latin America editor for the Mining Journal gave a presentation entitled: Gold Equities Paying Dividends.

Harris discussed how many gold companies have been paying more and higher dividends since 2020. “Since 2020, gold companies have been stepping up the dividends they pay, and an increasing number of gold companies are […]

Click here to view original web page at mugglehead.com

Anfield Energy Inc. VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“ Anfield ” or the “ Company ”) is pleased to announce that BRS Engineering (“BRS”) has begun a Preliminary Economic Assessment (PEA) for the Company’s Slick Rock uranium and vanadium project (“ Slick Rock ”). Slick Rock is located in the prolific Uravan region of Colorado, in close proximity to Anfield’s West Slope uranium and vanadium project. The property holds a historical inferred resource of 2.5 million tons at 0.228% uranium and 1.37% vanadium, returning 11.6 million pounds of uranium and 69.6 million pounds of vanadium* and, between 1957 and 1983, Slick Rock produced 2.2 million pounds of uranium and 13.9 million pounds of vanadium. Finally, in 2014 Uranium Energy Corporation (“UEC”), the previous owner of Slick Rock, issued a PEA which stated a pre-tax project Internal […]

Click here to view original web page at finance.yahoo.com

Anfield Energy noted that Slick Rock produced 2.2 million pounds of uranium and 13.9 million pounds of vanadium between 1957 and 1983 Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) has announced that BRS Engineering has begun a preliminary economic assessment (PEA) for its Slick Rock uranium and vanadium project in the prolific Uravan region of Colorado.

The Vancouver-based company said the Slick Rock property is close to its West Slope uranium and vanadium project and holds a historical inferred resource of 2.5 million tons at 0.228% uranium and 1.37% vanadium, returning 11.6 million pounds of uranium and 69.6 million pounds of vanadium. Between 1957 and 1983, Slick Rock produced 2.2 million pounds of uranium and 13.9 million pounds of vanadium, Anfield added.

“We are excited at the prospect of both confirming, and improving upon, the Slick Rock PEA results previously issued, especially given that the results will consider the use of our wholly-owned […]

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

Vancouver, BC – Skyharbour Resources Ltd.’s (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:SC1P) (the ‘Company’) partner company Azincourt Energy (‘Azincourt’) is pleased to provide an update on mobilization for the East Preston winter program at the East Preston uranium project, in the Athabasca Basin, Saskatchewan, Canada.

Azincourt is conducting an extensive drill program for the winter of 2023, as last reported in a news release dated December 13th, 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 metres of drilling in 20+ diamond drill holes. The priority will be to continue to evaluate the alteration zones and elevated uranium identified in the winter of 2022 with a focus on the G, K and H Zones.

C&C Road […]

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

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") announces that the board of directors of the Company has approved the granting of 1,100,000 incentive stock options (the "Options") pursuant to the Company’s Stock Option Plan to its directors, officers, contractors and employees. Directors and officers were awarded 800,000 of the Options which are exercisable at a price of $0.325 per share, expire on January 25, 2028 and vest over a three-year period.

About Fortune Bay

Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) is an exploration and development company with 100% ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also advancing the 100% owned Strike and Murmac uranium exploration projects, located near the Goldfields Project, which have high-grade potential typical of the Athabasca Basin. […]

Click here to view original web page at investingnews.com