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: Figure 1: Location of Fortune Bay’s Murmac, Strike and Goldfields Projects. (CNW Group/Fortune Bay Corp.) Figure 2: Highlight prospecting assay results for the Murmac Uranium Project. (CNW Group/Fortune Bay Corp.) 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.

[…]

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TSX.V:EU
OTCQB: ENCUF
www.encoreuranium.com

CORPUS CHRISTI, Texas, Jan. 20, 2023 /PRNewswire/ – enCore Energy Corp. (" enCore " or the " Company ") (TSXV: EU) (OTCQB: ENCUF ), a United States uranium development company, today announced that William M. Sheriff, Executive Chairman, and W. Paul Goranson, Chief Executive Officer, and other members of leadership are scheduled to ring the Opening Bell at the New York Stock Exchange on Monday, January 23, 2023.

William M. Sheriff stated, "enCore Energy is thrilled to mark its first day of trading on the NYSE American under the symbol "EU" by ringing the opening bell. It is an honor to represent our shareholders and team as we mark this important milestone in enCore’s development. Our push to become the next domestic uranium producer, and provide an expanded energy source for the United States, is only enhanced by the privilege of trading on this […]

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Rising uranium prices could mean a new dawn for miners, with more projects to join the likes of BHP’s Olympic Dam. Picture: Aaron Bunch/BHP One of the world’s biggest uranium miners has laid out a dramatic bull case for the nuclear fuel, while Australia’s next active uranium producer thinks inflationary pressures across the mining industry could send prices soaring as supply struggles to meet demand from utilities.

Boss Energy ( ASX:BOE ) managing director Duncan Craib, whose company plans to bring the restarted Honeymoon uranium mine in South Australia online in the fourth quarter of 2023, says a new incentive price of $US80/lb (the price needed to encourage companies to bring new production online) means an impending supply shortage facing Western utilities could get even more extreme as the next contracting cycle heats up.

In recent years the market has factored in an incentive spot price ranging from $US50-60/lb.

Spot prices […]

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

Committed expenditure for Boss Energy’s South Australian redevelopment project has now reached $55.1 million. Emerging uranium producer Boss Energy (ASX: BOE) has announced it has reached the halfway mark in committed expenditure for the redevelopment of its flagship Honeymoon uranium project in South Australia.

The company today confirmed $55.1 million of the budgeted $105.4 million capex, excluding a $7.6 million contingency, has been committed for the project to date, putting the project on time and budget.

Honeymoon is fully funded through to production with Boss declaring it has $115.6 million in cash on hand and a strategic uranium stockpile valued at $88.3 million based on current spot prices.

“To reach the hallway mark on time and on budget at any project is an outstanding achievement, particularly given the current high-inflation environment shortages of skills and equipment,” Boss managing director Duncan Craib said.He said the company is now positioned to capitalise on the […]

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Highlights Ursa now covers more than 60 km strike length of the fertile and undertested Cable Bay Shear Zone.

Cosa’s 100% owned uranium exploration portfolio is now comprised of over 87,800 ha of highly prospective uranium exploration ground in the Eastern Athabasca Basin.

Strategically located portfolio with four properties within prospective northeast trending uranium corridors.

Keith Bodnarchuk, President & CEO, commented: “Opportunities to add significant amounts of prospective Athabasca Basin ground are becoming scarce as competition stiffens due to the anticipated long-term uranium boom. I’m proud of our team for identifying and executing this exciting opportunity. Large fertile structural corridors like Cable Bay will play an important role as companies aggressively explore to find the next great uranium discovery. We will continue to pursue cost-effective value accretive acquisitions and plan for upcoming exploration in 2023.” The Ursa PropertyCosa Resources holds a 100% interest in Ursa, which […]

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Imugene Ltd (ASX:IMU, OTC:IUGNF) has made several presentations, including an oral abstract and several poster sessions, on the company’s HER-Vaxx and CF33 technologies at the ASCO Gastrointestinal Cancers Symposium currently being held in San Francisco, US.

IMU has been developing the CF33 oncolytic virus and the b-cell-based immunotherapy HER-Vaxx to address unmet needs in various types of cancer treatments, including gastrointestinal, breast, ovarian, lung and pancreatic cancers.

Patriot Battery Metals Inc (TSX-V:PMET, OTCQB:PMETF) ’s market value rose by over 20% today after it announced the assay results of 14 additional holes, completed as part of its drill campaign at the highly prospective Corvette property.

In a note following the update, analysts at Canaccord highlighted hole CV22-083 in particular, which intersected a 156.9m interval of 2.12% Li2O, including 25.0m of 5.04% Li2O which it said was the widest, highest-grade lithium drill intercept reported to date at the CV5 pegmatite. Planet 13 Holdings […]

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

Highlights Ursa now covers more than 60 km strike length of the fertile and undertested Cable Bay Shear Zone.

Cosa’s 100% owned uranium exploration portfolio is now comprised of over 87,800 ha of highly prospective uranium exploration ground in the Eastern Athabasca Basin.

Strategically located portfolio with four properties within prospective northeast trending uranium corridors.

Keith Bodnarchuk, President & CEO, commented: “Opportunities to add significant amounts of prospective Athabasca Basin ground are becoming scarce as competition stiffens due to the anticipated long-term uranium boom. I’m proud of our team for identifying and executing this exciting opportunity. Large fertile structural corridors like Cable Bay will play an important role as companies aggressively explore to find the next great uranium discovery. We will continue to pursue cost-effective value accretive acquisitions and plan for upcoming exploration in 2023.”The Ursa PropertyCosa Resources holds a 100% interest in Ursa, which is […]

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

Press Release

Major factors that positively impact user satisfaction for Uranium market product types [, Granite-Type Uranium Deposits, Volcanic-Type Uranium Deposits, Sandstone-Type Uranium Deposits]. These factors select the attributes that are most likely to predict end-user [, Cameco, Ur-Energy, Uranium One, Energy Fuels Inc., U3O8 Corp, NexGen Energy Ltd.] that are satisfied within this industry.

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

Jan 19, 2023 (The Expresswire) — In 2023, Uranium Market Size 2023 to 2029 Research Report is spread across 121 Pages and provides private data, statistics, vital statistics, trends, and competitive landscape details in this which position sector. Overall, Uranium market can be any company or organization that wants to gain insights into their target Uranium market and customers to improve their business strategy and decision-making. Uranium Market 2023 clients are companies or organizations that commission market research studies […]

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Summary

Fission Uranium released its FS on the PLS project, demonstrating 71.5% increase in the estimated NPV from the PFS.

However, the long-term uranium price in the FS was significantly increased.

While Initial CAPEX didn’t go up, projected operating costs rose 36%. Funding the project remains a challenge. RHJ A month ago I wrote an article about Fission Uranium ( OTCQX:FCUUF )(TSX: FCU:CA ) where I expressed concerns of a potential CAPEX blowout in their upcoming Feasibility Study [FS]. Now that the FS is out, it turns out that I was wrong or at least when it comes to the initial capital. So in this follow up piece I’ll discuss the results from the FS as well as their implications for Fission. Overall, the company may appear more attractive and de-risked to a certain extent, but the question about funding remains. What happened On 17 January, Fission Uranium released […]

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TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“ LUR ”, “ Labrador Uranium ”, or the “ Company ”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) announces that it has granted stock options to purchase an aggregate of 2,650,000 common shares of the Company to management, directors, and consultants of the Company pursuant to the terms of the Company’s share-based incentive plan. The options are exercisable at a price of $0.35 per common share. All Options expire on the date that is five years from the date of grant and vest and become exercisable as to one-third on the date of grant, with the remaining Options vesting in equal parts on the one-year and two-year anniversary of the date of grant. The options are subject to approval of the Canadian Securities Exchange.

About Labrador Uranium Inc.

Labrador Uranium is engaged in the exploration and development of uranium […]

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

TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“ LUR ”, “ Labrador Uranium ”, or the “ Company ”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) announces that it has granted stock options to purchase an aggregate of 2,650,000 common shares of the Company to management, directors, and consultants of the Company pursuant to the terms of the Company’s share-based incentive plan. The options are exercisable at a price of $0.35 per common share. All Options expire on the date that is five years from the date of grant and vest and become exercisable as to one-third on the date of grant, with the remaining Options vesting in equal parts on the one-year and two-year anniversary of the date of grant. The options are subject to approval of the Canadian Securities Exchange.

About Labrador Uranium Inc.

Labrador Uranium is engaged in the exploration and development of uranium […]

Click here to view original web page at stockhouse.com

"This is the easiest investment I have ever made right now," said Justin Huhn of Uranium Insider. "I cannot believe how positive the setup is going forward for this." 2022 brought a slew of positive news for the uranium sector, but the year was still frustrating for investors.

Speaking to the Investing News Network, Justin Huhn, founder and publisher of Uranium Insider, said the U3O8 spot price only rose about 13 percent last year, while in some cases uranium equities are trading 30 to 35 percent below their high points.

"Even though the fundamental case improved throughout the year, and so many elements of positive news supporting the fundamental case continued to pour in … the spot price continued to just languish. That affected sentiment, and sentiment and liquidity drive markets, especially in the short term," he explained during the conversation.

In his view, the uranium bull market is now in […]

Click here to view original web page at investingnews.com

There are four major companies that run most of the world’s lithium production. But there are many companies vying for their slice of the growing pie.

Last week we profiled three sectors that caught our attention.

Carbon, gold (and silver) and cybersecurity were at the top of my list…

With the first two at the top of my portfolio in terms of position size.This week I’ll detail several other sectors our team is researching and analyzing closely for hidden gems. Lithium Lithium is an interesting sector and by now most investors know this is a critical element in a Net Zero world.When you think batteries, you think lithium. And the world will need a lot of it.The intense hockey stick price rise in lithium also caught the attention of investors. In 2021, lithium prices in China rose 400 percent.Then in 2022, prices nearly doubled again, finishing the year up 80%. And it […]

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Natural uranium contains approximately 0.7% uranium-235, the isotope necessary for nuclear weapons, and 99.3% uranium-238. Converting natural uranium into the form required for the weapons involves enriching the element in centrifuges to increase the concentration of uranium-235.

Uranium yellowcake is first turned into a gas called uranium hexafluoride, pumped into centrifuges that spin so rapidly that the ever-so-slightly heavier gas containing uranium-238 is forced to the outside. The lighter gas containing uranium-235 remains in the middle.

In a September 13, 2022, article on Barchart , I highlighted Cameco Corporation ( CCJ ), a leading and established Canadian uranium producer. The article spelled out the supply and demand fundamentals of the global uranium market. CCJ was at the $29.85 per share level on September 13. While the stock has corrected to around $25 per share, the potential for a rally remains high in early 2023.

Geopolitics continue to support uranium demand and […]

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RHJ Investment Thesis

The investment case for uranium has over the last few years continued to strengthen, with more reactor constructions being announced , life extensions of existing reactors , and the sentiment towards nuclear energy is improving in many countries . Figure 1 – Source: bisconti.com Over the last year, uranium equities have had lackluster returns, where Yellow Cake ( OTCQX:YLLXF ) has mostly been range bound with a marginally positive return. Many other uranium equities have done worse during the general market sell-off last year, but they have lately started to rebound. Data by YCharts I continue to think the investment case for uranium and Yellow Cake is strong and I have owned and covered the stock many times over the last 3 years. However, I have recently decided to liquidate my holding in the stock, specifically due to management’s inability to close the discount to NAV. […]

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Summary

Loads of EVs are in the pipeline worldwide, energy will eventually be at a deficit.

New reactor technologies using liquid sodium could make nuclear energy safer and more viable.

URA is an ETF that gets you exposure to a wide variety of Uranium plays that trade on difficult to buy markets. Artjom Kissler/iStock via Getty Images Uranium might be the future Global X Uranium ETF (NYSEARCA: URA ) is one of the few solid ways to get exposure to the world wide Uranium market. From Global X’s website : The Global X Uranium ETF (URA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Uranium & Nuclear Components Total Return Index. Frankly, I was surprised that there was an index tracking uranium stocks as the sector is pretty obscure with several companies just sitting on […]

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Summary

Loads of EVs are in the pipeline worldwide, energy will eventually be at a deficit.

New reactor technologies using liquid sodium could make nuclear energy safer and more viable.

URA is an ETF that gets you exposure to a wide variety of Uranium plays that trade on difficult to buy markets. Artjom Kissler/iStock via Getty Images Uranium might be the future Global X Uranium ETF (NYSEARCA: URA ) is one of the few solid ways to get exposure to the world wide Uranium market. From Global X’s website : The Global X Uranium ETF (URA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Uranium & Nuclear Components Total Return Index. Frankly, I was surprised that there was an index tracking uranium stocks as the sector is pretty obscure with several companies just sitting on […]

Click here to view original web page at seekingalpha.com

Pakistan has rejected the reports in British media that a uranium-tainted cargo package that landed at London’s Heathrow Airport in December originated from Karachi, saying the news is "not factual". Watch for more details.

Chinese Delegates Targeted Again By Islamic State Jihadi Group In Kabul Blast Are Reports Of Myanmar’s Junta Bombing Mizoram Villages On Indian Side Of Border True? Can RRR Win Oscars 2023 After ‘Naatu Naatu’s Victory At Golden Globes? Cash Strapped Pak Food Crisis Worsens: Wheat War Rages, Onion Prices Soar 501%, Edible Items Unaffordable

BJP’S Top Brass In Action In Rajasthan, Announcement Of CM Face Expected Soon

04:37 ‘Protests Against Oppressors’: Gilgit Baltistan Tears Down Pakistan, Demands Reunion With India Pak Sex Pest: Victim Exposes Pak Treachery; Depraved Pak Wont Sack Him But Questions Victim’s Motive Nitish Kumar’s Misfires An Embarrassment For RJD, Bihar CM Makes ‘Sexist’ Remark Rpw Over […]

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

Copper, uranium and bonds are three picks of Stake in 2023. Pic: Getty Images share

With copper prices set to rise in 2023 and growing demand the commodity is a pick of Stake

Interest in nuclear energy is being revived as global energy crisis continues

Fixed income could be new black as concerns about a recession rise As we embark on a new year markets analyst at Australian share trading app Stake Megan Stals told Stockhead there are three key investing themes to watch in 2023. Copper piques interest again Stals said copper will be an integral part of the green energy transition, playing a vital role in electrification from EVs to solar PVs.She said there has been forecasts copper demand could treble by 2040, but stockpiles closed 2022 near record lows.“So it’s no surprise that Goldman Sachs expects prices to go from US$8500 per ton […]

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

Copper, uranium and bonds are three picks of Stake in 2023. Pic: Getty Images share

With copper prices set to rise in 2023 and growing demand the commodity is a pick of Stake

Interest in nuclear energy is being revived as global energy crisis continues

Fixed income could be new black as concerns about a recession rise As we embark on a new year markets analyst at Australian share trading app Stake Megan Stals told Stockhead there are three key investing themes to watch in 2023. Copper piques interest again Stals said copper will be an integral part of the green energy transition, playing a vital role in electrification from EVs to solar PVs.She said there has been forecasts copper demand could treble by 2040, but stockpiles closed 2022 near record lows.“So it’s no surprise that Goldman Sachs expects prices to go from US$8500 per ton […]

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

Vancouver, British Columbia–(Newsfile Corp. – January 10, 2023) – MYRIAD URANIUM CORP. (CSE: M) (" Myriad " or the " Company ") announces that it will be conducting a non-brokered private placement financing under which it will raise gross proceeds of up to $500,000 through an offering of units (each, a "Unit") at a price of $0.25 per Unit. Each Unit will be comprised of one common share of the Company and one common share purchase warrant exercisable for an additional common share for 24 months at an exercise price of $0.30 per share. There may be insider participation in the financing, and the Company may pay finder’s fees and may issue finder’s warrants in connection with the financing. Securities issued under the financing will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company will use the proceeds of the financing […]

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

Energy and Utilities

This week we look at the government’s signing of a memorandum of understanding with the North Seas Energy Cooperation, a new government consultation on delaying CfD start dates, the government’s Nuclear Fusion Fund and the extension of the Energy Bill Relief Scheme for non-domestic customers. UK government signs memorandum of understanding with the North Seas Energy Cooperation on offshore renewable energy

The government signed a memorandum of understanding with the North Seas Energy Cooperation (NSEC) on 18 December 2022. The memorandum will fulfil commitments contained within the UK-EU Trade and Cooperation Agreement and will accelerate the energy transition, while also reducing dependency on Russian fossil fuels.

NSEC members include Belgium, Denmark, France, Germany, Luxembourg, the Netherlands and the European Commission and it is hoped this will start a new phase of UK-EU cooperation. Although not legally binding, the memorandum sets out the terms of cooperation between […]

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

Following the announcement of the Project’s Feasibility Study (" FS ") results on 20 September 2022, GoviEx has been working with its financial advisors, Endeavour Financial (" Endeavour "), to develop the optimum financing solution for the Madaouela Project.

The initial phase involved Endeavour reviewing the FS technical and financial information and issuing a Project marketing document to prospective financiers to solicit interest in providing project related debt financing.

This initial phase is now complete and has resulted in a preliminary short-list of approximately 20 institutions who will now move forward with the detailed due diligence phase. Prospective project financiers include a mix of commercial banks, export credit agencies, development finance institutions, equipment suppliers and alternative finance providers.

Daniel Major, CEO, commented: "We view the initial results from the project financing progress with Endeavour as very encouraging which we believe underlines the positive technical and financial results from the FS and the […]

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Each January, we survey the leading financial newsletter advisors asking for their favorite stocks for the coming year. With concerns over global inflation, it is not surprising that commodities are among the most popular sectors. Our MoneyShow Top Picks report 2023 includes 7 favorites among gold, silver, uranium and lithium miners.

The setup in silver is as compelling as I have ever seen it. Silver is a superb inflation hedge, but it’s also crucial to the green energy transition. Silver’s biggest industrial application is solar panels, which require 12% of annual silver supply. But it’s also irreplaceable in EVs, electronics, and medicine.

Pan American Silver (PAAS) is an ideal way to play the huge upside in silver with relatively limited risk. Founded in 1994 by mining legend Ross Beaty, Pan American Silver is the world’s second largest primary silver mining company. It boasts a total 28 years of operations […]

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

Written by Summary

The Southern Company is currently in the process of bringing two new nuclear reactors online, which are expected to be operational within months.

The Southern Company is a solid dividend payer and is currently down about 10% from its all-time high.

The Southern Company has a strong balance sheet and a strong record of producing significant free cash flow, which it uses to invest in its business and return value to. The stock is now fairly priced after my entry in late 2021. zhongguo The Southern Company (NYSE: SO ) is a leading energy company that provides electric services to customers in the southeastern United States. The company has a long history of reliable operations and is one of the largest electric utility companies in the country, serving more than 9 million customers in four states. Data by YCharts The company is currently in the process […]

Click here to view original web page at seekingalpha.com