Okapi Resources has engaged BRS Engineering to spearhead a technical study into its Maybell uranium project in Colorado which historically produced 5.3 million pounds of uranium. The company’s recent land grab at the project comes laden with key geological data and technical reports. Okapi has entrusted the US-based consultancy to sift through the valuable data as it looks to unlock the potential of the Maybell uranium project. Okapi Resources is fast tracking its assessment of the exploration potential at its Maybell uranium project in Colarado engaging US based consultancy to conduct a technical review of the project. Credit: File Okapi Resources has engaged BRS Engineering to spearhead a technical study into its Maybell uranium project in Colorado.

The Maybell uranium project lies 5 kilometres east of Maybell and 40 kilometres west of Craig in Moffat County, Colorado. The project is nestled in a rural area that is notable for past […]

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50m capped stock Toro Energy is leading a pack of ASX uranium stocks up in early trade today

Alma Metals hits monster 441.5m intersection at 0.21% copper from just 8m depth

A successful legal claim in Ghana will see $8m capped Viking Mines receive ~$4m from purchasers of Akoase gold project Here are the biggest small cap resources winners in early trade, Monday January 30. (Up on no news) If you believe the hype, uranium’s renaissance is imminent. The 2023 forecast reduction 4-5 mln lb of #uranium production guidance by $kap is huge in context of global production of ~120 mln lbs. Toss in sky high SWU pricing and overfeeding and we got a very serious shortage in the world. I think we see $90’s/lb this year. — Kevin Bambrough (@BambroughKevin) January 27, 2023 $50m capped stock TOE is leading a pack of ASX […]

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Tim Gabruch, Chief Executive Officer commented: "On behalf of the Board and the entire team at IsoEnergy, I am very pleased to welcome Darryl as Vice President, Exploration. IsoEnergy is at an exciting stage in its growth and development and Darryl’s vast experience in uranium exploration, and leading operating projects, will be of great benefit to IsoEnergy as it continues to advance its 100% owned high-grade Hurricane deposit while also undertaking exciting exploration programs on its portfolio of high-quality projects."

Darryl Clark has decades of global exploration and operating experience in the mining industry. Most recently, he served as General Manager of Suncor Energy’s Fort Hills JV. Through his career, Dr. Clark has held a wide range of executive roles across a number of metal and mineral sectors, with both junior and major mining companies. His experience consists of periods working in uranium, coal, copper, gold and oil sands. […]

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Gold stayed strong in the third week of the new year. Meanwhile, Justin Huhn of Uranium Insider shared his outlook for the uranium market in 2023, saying its "mania phase" is still ahead.

As the third week of the new year wraps up, gold’s momentum remains strong. After breaking the US$1,900 per ounce mark last week, the yellow metal has kept above that level, ending Friday (January 20) around US$1,925.

December’s producer price index (PPI) data was in the headlines this week , with a decline of 0.5 percent month-on-month and a year-on-year increase of 6.2 percent. The 0.5 percent fall was the largest since the start of the COVID-19.

The PPI looks at final demand prices across a wide variety of categories and is meant to measure inflation at the wholesale level. It’s different from the consumer price index, which measures changes in the prices consumers pay for goods […]

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TORONTO, Jan. 26, 2023 /CNW/ – Horizons ETFs Management (Canada) Inc. (" Horizons ETFs ") is proud to announce that eight of its exchange-traded funds (" ETFs ") have been awarded Fundata FundGrade A+® Awards (" Fundata Awards ") for 2022: ETF Name Ticker CIFSC

Category¹ FundGrade
Start Date² Category

Size³ Horizons Equal Weight Canada REIT
Index ETF HCRE Real Estate Equity 2020-01-31 73 Horizons Global Uranium Index ETF HURA Alternative Equity Focused 2020-01-31 53 Horizons Equal Weight Canada BanksIndex ETF HEWB Financial Services Equity 2020-01-31 54 Horizons NASDAQ-100 ® Index ETF HXQ U.S. Equity 2017-01-31 836 Horizons S&P/TSX 60 TM Index ETF HXT Canadian Equity 2013-01-31 371 Horizons Active Cdn Dividend ETF HAL Canadian Dividend & Income Equity 2013-01-31 271 Horizons Active Global Dividend ETF HAZ Global Equity 2013-01-31 1146 Horizons Active Ultra-Short Term Investment Grade Bond ETF HFR Canadian Short Term Fixed Income 2013-01-31 162 […]

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TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“Consolidated Uranium” or the “Company”) (TSXV:CUR) (OTCQB: CURUF) and Virginia Energy Resources Inc. (TSXV: VUI) (“ Virginia Energy ”) are pleased to announce the completion of the previously announced arrangement (the “ Arrangement ”) whereby Consolidated Uranium has acquired all of the issued and outstanding common shares of Virginia Energy (the “ Virginia Energy Shares ”).

Pursuant to the Arrangement, Consolidated Uranium has acquired 100% of the issued and outstanding Virginia Energy Shares not already held by Consolidated Uranium and Virginia Energy shareholders, other than Consolidated Uranium, are entitled to receive 0.26 of a common share of Consolidated Uranium (each whole share, a “ Consolidated Uranium Share ”) in exchange for each Virginia Energy Share held immediately prior to closing of the Arrangement. In aggregate, the Company issued approximately 17,847,828 Consolidated Uranium Shares under the Arrangement to former Virginia Energy […]

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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 […]

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Vancouver, BC, Jan. 24, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced its inaugural winter drill program at the 73,294 hectare Russell Lake Uranium Project (the “Project”) strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. Skyharbour is planning a minimum of 10,000 metres of diamond drilling in 18 to 20 drill holes over several phases and is fully funded and permitted for the drilling. The geologists and drilling crews are working out of an exploration camp on the Project located on the highway and within five kilometres of Denison Mines’ Phoenix deposit located on the adjacent Wheeler River Project.

Russell Lake Project Location Map:

Jordan Trimble, President and CEO of Skyharbour, stated: “The commencement of our first diamond drill program at […]

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Article content

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 […]

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viewWestern Uranium & Vanadium Corp. Nuclear energy is positioned as a key component in the worldwide push to reduce carbon emissions. Nuclear reactors, after all, generate power through heat released by fission, which is used to create steam that spins a turbine to generate electricity without the harmful emissions associated with fossil fuels.

Uranium demand to fuel the world’s nuclear reactors is expected to rise to 79,400 metric tonnes of elemental uranium (MTU) by 2030, up from 62,500 MTU in 2021, with that number anticipated to climb to 112,300 MTU in 2040, according to a report by the World Nuclear Association.

Colorado-based Western Uranium & Vanadium ( Western Uranium & Vanadium Corp. (CSE:WUC, OTCQX:WSTRF) ) is a mining company focused on low-cost, near-term production of uranium and vanadium in the western United States. The company has a large production-ready, permitted and developed high-grade uranium and vanadium resource, which includes the Sunday […]

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Skyharbour Resources Ltd Vancouver, BC, Jan. 27, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : 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 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 metres of drilling in 20+ diamond drill holes. The priority will be to continue to evaluate the alteration zones and elevated uranium identified […]

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Just because a business does not make any money, does not mean that the stock will go down. 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. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So, the natural question for Elevate Uranium ( ASX:EL8 ) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. First, we’ll determine its cash runway by comparing its cash burn with its cash reserves. When Might Elevate Uranium Run Out Of Money?

You can calculate a company’s cash runway by dividing the amount of cash it […]

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Vancouver, BC, Jan. 27, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : 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.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://www.skyharbourltd.com/_resources/maps/Sky_EastPreston_20211209.jpg

Azincourt 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 metres of drilling in 20+ diamond drill holes. The priority will be to continue to evaluate […]

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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 […]

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

KELOWNA, BC, Jan. 26, 2023 /CNW/ – FISSION URANIUM CORP. (" Fission " or " the Company ") is pleased to announce a winter program at its’ 100% owned PLS property in Canada’s Athabasca Basin region. The program will include geotechnical testing of key areas identified for surface infrastructure as identified in the Feasibility Study, including proposed stockpiles and mill locations. Also, 5 drill holes are designed to confirm groundwater modelling of certain sections of the R780E zone. Additionally, the company has staked a new, 11,148-hectare property in the western Athabasca Basin region of northern Saskatchewan. The West Cluff property is prospective for high-grade uranium and is located ~75km north of the Company’s flagship PLS project, and less than 3km west of the past-producing Cluff Lake mine.

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

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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 […]

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• 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 […]

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HALIFAX, NS, Jan. 23, 2023 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce analytical results from a prospecting program completed in Fall 2022 on the 100% owned Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan (see Figure 1).

Analytical results from surface rock samples have been received from the laboratory which include highlights of: 8.82% U 3 O 8 from a boulder sample on the Armbruster Corridor providing compelling support for the presence of high-grade, basement-hosted uranium mineralization on the Project.

6.90% U 3 O 8 and 1.69% U 3 O 8 from outcrop samples along the Armbruster Corridor, which validated historical uranium occurrences.

An additional nine (9) outcrop samples which assayed between 0.1% and 0.8% U 3 O 8 from the Armbruster, Howland and Pitchvein Corridors, validating historical uranium occurrences. A summary of the […]

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Joan Scottie, Warren Bernauer and Jack Hicks, I Will Live for Both of Us: A History of Colonialism, Uranium Mining, and Inuit Resistance (University of Manitoba Press 2022), 264pp. The story of an Inuit woman’s organisation of opposition to colonial expropriation is an inspiring narrative of resistance, finds John Clarke

I Will Live for Both of Us depicts the colonial relationship between the Inuit people and the Canadian state and shows how the latter serves the extractive industries. The process of dispossession, however, is shown from the perspective of those who have faced it. We see the harsh measures that were imposed on the Inuit along with the manipulative methods of governments and mining companies. Sadly, we also witness the mechanisms of collaboration within the oppressed population.

At the outset, we are informed that ‘My Christian name is Joan, but Paningaya’naaq is the name I was given when I was […]

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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 […]

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Saskatchewan, including 15 years in mining. Much of that experience was gained working for uranium producer, Cameco, where he held positions in environmental management and regulatory affairs at Cigar Lake mine during construction and operation. He holds a license to practice engineering in Saskatchewan and is also an applied science technologist.

In this important role, Mr. Pryznyk will lead Fission’s Environmental Assessment process, the submission of the Environmental Impact Statement, and the subsequent licensing and permitting of the project through to construction and production. He will also further expand Fission’s robust approach to sustainable development by establishing additional, long-term processes for environmental stewardship in sustainability, protection and compliance as the Company advances through development.

Gary Haywood, VP Operations for Fission, commented, "We are delighted to welcome Jeff Pryznyk to Fission. He has an invaluable skillset – the result of providing oversight for environmental and regulatory affairs at Cameco’s Cigar Lake […]

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

KELOWNA, BC, Jan. 26, 2023 /CNW/ – FISSION URANIUM CORP. (" Fission " or " the Company ") is pleased to announce a winter program at its’ 100% owned PLS property in Canada’s Athabasca Basin region. The program will include geotechnical testing of key areas identified for surface infrastructure as identified in the Feasibility Study, including proposed stockpiles and mill locations. Also, 5 drill holes are designed to confirm groundwater modelling of certain sections of the R780E zone. Additionally, the company has staked a new, 11,148-hectare property in the western Athabasca Basin region of northern Saskatchewan. The West Cluff property is prospective for high-grade uranium and is located ~75km north of the Company’s flagship PLS project, and less than 3km west of the past-producing Cluff Lake mine.

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

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TORONTO , Jan. 23, 2023 /CNW/ – Laramide Resources Ltd. (" Laramide " or the " Company ") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that its wholly owned subsidiary, NuFuels, Inc. has engaged SLR International Corporation ("SLR") of Denver, Colorado to complete an NI 43-101 Preliminary Economic Assessment ("PEA") on Laramide’s 100% owned Crownpoint/Churchrock Uranium Project in New Mexico ("Churchrock" or "The Project").

Laramide has commissioned the PEA Study to produce a current economic analysis based on the Mineral Resources at Churchrock with processing at the Crownpoint facilities. Parameters of the study include contribution from seven new drill hole results to confirm and validate previously reported drilling results and radiometric equilibrium used in the September 2017 Mineral Resource estimate. The PEA will focus on generating an in-situ recovery ("ISR") production schedule with several phases of expansion and a scoping level design for an ISR well field, […]

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Longtime uranium entrepreneur George Glasier is back in business with a fresh proposal to develop a mine and mill in Utah’s Emery County. The projects would use new and efficient technologies for extracting ore from the ground and separating out the uranium and vanadium — systems that rely on water rather than the hazardous chemicals used in conventional processes.

But environmental activists are doubtful Glasier will secure necessary permits anytime soon, if ever.

A founder of Energy Fuels Inc., Glacier acquired some of that company’s properties to start a Canada-based company called Western Uranium & Vanadium Corp. in 2014.

In a news release issued Monday , Western unveiled its latest plans, saying it acquired land for the proposed mill with the support of state and local officials and initiated permitting processes. This mill would also be capable of processing cobalt, a critical element that is used in electric vehicles.“We’ve got probably the […]

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Vancouver, British Columbia–(Newsfile Corp. – January 25, 2023) – RUSH URANIUM CORP. (CSE: RSH) (" Rush " or the " Company ") is pleased to announce that it has closed its initial public offering (" IPO "), issuing 7,670,000 common shares of the Company (each, an " Offered Share ") at a price of $0.10 per Offered Share for total gross proceeds of $767,000. The IPO was conducted pursuant to the Company’s final prospectus dated December 13, 2022 (the " Prospectus "), which is available under the Company’s profile on SEDAR at www.sedar.com . The net proceeds from the IPO will be used by the Company as described in the Prospectus, including for exploration of the Company’s Boxi Property located in the Province of Québec.

The IPO was led by Echelon Wealth Partners Inc. (" Echelon ") as the sole agent and bookrunner. Echelon received a cash commission of $61,360, […]

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