The new sales agreement calls for the annual delivery of 300,000 pounds of uranium concentrates ("U 3 O 8 ") over a five-year period beginning in 2024. Sales prices are anticipated to be profitable on a Company-wide, all-in cost basis and are escalated annually from the initial pricing in 2024. The agreement also provides that a 2029 commitment of 300,000 pounds may be agreed to by the parties no later than year-end 2026. The Company’s total sales quantity now under contract is 500,000 pounds U 3 O 8 per year beginning in 2024, plus or minus a small flex.

The Company previously announced its initial multi-year agreement for sales of 200,000 pounds U 3 O 8 annually beginning in 2023. Pursuant to the Company’s request, that previously announced sales agreement is conditioned on Ur‑Energy securing additional contractual commitments to support a development decision. (See Ur-Energy News Release August 8, 2022.) […]

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Summary

Fission Uranium expects the release of a feasibility study for the PLS project within weeks.

There likely will be increase of the project’s estimated NPV, but considerable increase of the initial costs is also very likely.

Fission sits at CAD$32.8M of cash, so funding the project will be a challenge. HT Ganzo Fission Uranium ( OTCQX:FCUUF )(TSX: FCU:CA ) is one of the many uranium exploration and development companies in the Canada’s prolific Athabasca basin. What makes it particularly interesting at this time is the nearing of the feasibility study (FS) on its PLS project, which is expected within a few weeks. The existing pre-feasibility study (PFS) of the project was completed in 2019 so a lot of changes regarding the economic profile of the property are to be expected. I anticipate some improvement of the economic profile, but significant increase in the initial capital outlay, which may […]

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Uranium prices are regaining a healthy glow. For one, there’s a good deal of global demand, with some countries planning to build more reactors. Two, we have global leaders attempting to cut back on harmful emissions, which could increase dependency on uranium. According to Jon Bey, President and CEO of Standard Uranium, as quoted by Kitco.com, "We are starting to see countries around the world accepting nuclear energy. Those countries realize if they want to reach a carbon neutral future, nuclear energy has to be part of the equation.” Three, the world is running into a severe supply-demand issue. Even Cameco President and CEO Tim Gitzel has said, “Uranium supply is becoming less certain due to years of persistently low prices,” as quoted by S&P Global Platts. That being said, investors may want to keep an eye on uranium stocks, such as Skyharbour Resources (TSXV: SYH) (OTCQX: SYHBF), Cameco […]

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This news release is not for dissemination in the United States or for distribution to U.S. wire services.

VANCOUVER, British Columbia, Dec. 13, 2022 (GLOBE NEWSWIRE) — Pegasus Resources Inc. (TSX-V: PEGA; Frankfurt – OQS2, OTC/Pink Sheet symbol SLTFF) (the “Company” or “Pegasus”) is pleased to announce that the Company has arranged a non-brokered flow through private placement of up to 37,500,000 units (the “Units”) of the Company at a price of CDN$0.04 per Unit to raise gross proceeds of up to CDN$1,500,000 (the “Offering”). Each Unit consists of one common share of the Company that qualifies as a flow-through share (for purposes of the Income Tax Act (Canada)) and one non-flow-through share purchase warrant, entitling the holder to acquire an additional common share of the Company at a price of $0.06 for a period of 24 months from the date of issuance.

The Company intends to use the gross proceeds […]

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Vancouver, BC, Dec. 13, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt) is pleased to announce that approvals have been received for the upcoming winter drill 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

Preparations continue for the winter program at the East Preston project. Permits and approval for the program have been received and Azincourt will continue to work with the Clearwater River Dene Nation (CRDN) and local communities to ensure opportunities for local businesses and employment are maximized.
Azincourt is planning an extensive drill program for the winter of 2022-2023, as reported in news releases dated July 28 th , 2022, and October 20 th , 2022. The program will consist of approximately 6,000 meters of […]

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New Jersey, United States– The report presents an in-depth assessment of the Uranium Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles, and strategies. The report also presents forecasts for Uranium Market investments from 2022 to 2028.

The Global Uranium Market is split into segments supported sort, end-use business, and application. By mistreatment the expansion among the varied segments to be told concerning the various growth variables projected to be gift throughout the business, you’ll style various techniques to help uncover important application areas and also the variations in your target markets. whereas assessing the market competition within the world Uranium Market, we have a tendency to took under consideration every company’s distinctive summary, business description, product portfolio, key financials, etc

Click the link to get a free Sample Copy of the Report at: […]

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The Athabasca Basin, as any uranium investor would tell you, is the top tier location for large, high-grade resources of U3O8. The grades aren’t just marginally better than other regions around the world but are often 10-100 times higher.

It’s no coincidence that most of Cameco’s resources discovered decades ago, became mines here to the East of the basin. Fast forward to this decade, and all the excitement for the present and future is actually in the west of the basin. Here we find Nexgen’s Arrow, Fission’s Triple R, and a hint that Fission 3.0 may be onto something extremely high-grade as the scintillometer’s readings are pointing to “off the charts” counts per second. I’m laymen’s terms: lots and lots of radiation usually associated with ridiculously high grade.

Davidson River is Standard Uranium’s (STND.V) flagship property, located in the southwest Athabasca uranium district of the Athabasca Basin, and features the inferred […]

Click here to view original web page at equity.guru

is pleased to announce the completion of a confirmation drill program and a mineral resource estimate and supporting technical report prepared in accordance with NI 43-101 at the Company’s 100%-owned Tony M mine (the “Technical Report”). The Technical Report was prepared by the independent consulting firm SLR International Corporation (“SLR”) and has been filed under the Company’s profile on SEDAR.

Highlights The Mineral Resource estimate is based upon a commodity price of US$65.00 per pound of U 3 O 8 , and a cut-off grade of 0.14% eU 3 O 8 are reported as an: Indicated Mineral Resource of 1,185,000 tons grading 0.28% eU 3 O 8 for 6.6 million pounds contained uranium; and

Inferred Mineral Resource of 404,000 tons grading 0.27% eU 3 O 8 for 2.2 million pounds contained uranium.

The Mineral Resource estimate for the Tony M Mine is consistent with the historic Mineral […]

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Classified in: Mining industry
Subjects: MISCELLANEOUS , MISCELLANEOUS

Vancouver, BC, Dec. 13, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company Azincourt Energy ("Azincourt) is pleased to announce that approvals have been received for the upcoming winter drill 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 Preparations continue for the winter program at the East Preston project. Permits and approval for the program have been received and Azincourt will continue to work with the Clearwater River Dene Nation (CRDN) and local communities to ensure opportunities for local businesses and employment are maximized.Azincourt is planning an extensive drill program for the winter of 2022-2023, as reported in news releases dated July 28 th , 2022, and October 20 th , 2022. […]

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

HALIFAX, NS, Dec. 13, 2022 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce analytical results from its maiden exploration drilling program on the 100% owned Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan (see Figure 1).

The drilling program was designed to test regional targets across the Project’s extensive Armbruster, Howland and Pitchvein Conductor Corridors, which have a combined strike length of approximately 30 kilometres. Figure 1: Location of Fortune Bay’s Murmac, Strike and Goldfields Projects. (CNW Group/Fortune Bay Corp.) Figure 2: Location of the 2022 drill holes completed on the Murmac Uranium Project. (CNW Group/Fortune Bay Corp.) Shallow, highly elevated concentrations of uranium were confirmed in six (6) of the fifteen (15) drill holes, including 0.18% U 3 O 8 and 0.17% U 3 O 8 from individual assay samples.

The uranium is associated […]

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Article content

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, Dec. 09, 2022 (GLOBE NEWSWIRE) — Traction Uranium Corp. (the “ Company ” or “ Traction ”) ‎(CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is pleased to announce that it has closed the first tranche of a non-brokered private placement (the “ First Tranche
Private Placement ”) for aggregate gross proceeds of approximately C$2,513,105.00. Financial Post Top Stories Article content
The Company issued 7,180,300 flow-through units (each, a “ Flow-Through Unit ”) at a price of C$0.35 per Flow-Through Unit. Each Flow-Through Unit consists of one (1) common share (each, a “ FT Share ”) and one half (1/2) common share purchase warrant (each, a “ FT Warrant ”). Each whole FT Warrant is exercisable into one (1) common share of the Company (each a “ Share ”) at an […]

Click here to view original web page at financialpost.com

Uranium Energy Corp. (AMEX:UEC) went down by -2.89% from its latest closing price compared to the recent 1-year high of $6.60. The company’s stock price has collected -9.92% of loss in the last five trading sessions. Is It Worth Investing in Uranium Energy Corp. (AMEX :UEC) Right Now?

Uranium Energy Corp. (AMEX:UEC) scored a price-to-earnings ratio above its average ratio, recording 258.46 x from its present earnings ratio. Plus, the 36-month beta value for UEC is at 2.07. Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for Uranium Energy Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets […]

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The Nuclear Fuels market report provides a deadly dissection of market players, regions, types, and operations. To understand the expectations of demand and attendance to be born The survey is a complete assessment of growth variables, market segmentation, manufacturers, market potential and influencing trends Important challengers in the market, CAGR values, market agitation, limitations, and competitive strategies used in an encyclopedic manner in the region, all covered in the exploration report. The study also includes a complete analysis of the keyword market, taking into account all the fundamentals that affect growth. SWOT analysis is used.

Primary, secondary, and media releases form the basis for the statistical data described in this report. It contains information from a global collection of experts of renowned market participants to provide the latest statistics on the global Nuclear Fuels market. In the future, it will be possible to easily explain the segmentation analysis by considering […]

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FOR ONLY $0.99: During this bear market you can follow full-time trader Chris Capre & get his options trades signals in real-time. Click Here to See His Next Trade!

Vancouver, British Columbia–(Newsfile Corp. – December 12, 2022) – MYRIAD METALS CORP.

(" Myriad " or the " Company ") announces that, in connection with its recent acquisition of 100% option interests in 1,833 square kilometres of uranium exploration licenses in the Tim Mersoï Basin, Niger, it is changing its name to Myriad Uranium Corp. The Canadian Securities Exchange will publish a bulletin announcing that the Company’s common shares will commence trading under the new name on or about December 14, 2022. Shareholders are not required to exchange their existing share certificates for new certificates bearing the Company’s new name and Company shares held electronically in Direct Registration System will be booked automatically. Myriad’s new web domain is www.myriaduranium.com and […]

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

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TORONTO, Dec. 12, 2022 (GLOBE NEWSWIRE) — Green Shift Commodities Ltd. ( TSXV: GCOM ), (“ Green Shift ” or the “ Company ”) is pleased to announce that it expects to close on approximately $2,500,000 million under its previously announced offering (the “Offering”) of units of the Company at a price of $0.15 per Unit (the “Issue Price”), an increase from the previously announced minimum size of $1,500,000 (see press release dated December 7, 2022).

Each Unit will consist of one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.25 for 24 months following the date of issuance.

The Offering is a non-brokered private placement. Certain […]

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The Company issued 7,180,300 flow-through units (each, a “ Flow-Through Unit ”) at a price of C$0.35 per Flow-Through Unit. Each Flow-Through Unit consists of one (1) common share (each, a “ FT Share ”) and one half (1/2) common share purchase warrant (each, a “ FT Warrant ”). Each whole FT Warrant is exercisable into one (1) common share of the Company (each a “ Share ”) at an exercise price of C$0.40 for a period of two years from the date of issue.

The Company will use the proceeds from the issuance of the FT Shares to incur “Canadian exploration expenses” as such term is defined in the Income Tax Act (Canada) (the “ Tax Act ”).

In connection with closing of the First Tranche Private Placement, the Company paid finder’s fees in the aggregate of $68,567.10 in cash and issued 195,906 finder’s warrants (each, a “ Finder’s Warrant […]

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Our commodities outlook 2023 is neutral for most commodities. In fact, we believe that 80% of commodities will not be worth an investment. What about the remaining 20%? There is a handful of commodities that are worth watching, and only a few that are worth being invested in. As we’ll see in this article the divergence between commodities is really significant. Our top pick? Silver! We said so many times and are only more convinced with recent data points that all underpin the BIG silver bull run to start in 2023.

We wrote quite some articles lately about commodities and their outlook in 2023. This is an overview:

Uranium Market Outlook 2023: Bullish Bias

Nickel About To Heat Up As 2023 Kicks Off In our chartbook 2023 we included 120 must-see charts and summarized it with 12 conclusions. In this commodities outlook article we’ll feature one of those […]

Click here to view original web page at investinghaven.com

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Kelowna, British Columbia–(Newsfile Corp. – December 8, 2022) – Strathmore Plus Uranium(TSXV: SUU) (OTC Pink: SUUFF) (the "Company ") is pleased to announce that during the past couple weeks shareholders have exercised almost all the remaining warrants with an expiration of December 6, 2022, for a total exercise of 4,512,999 warrants at a strike price of $0.20, adding a total of $902,599 to the treasury.

The warrants were offered in connection with a financing which closed in December of 2021. A total of 6,773,332 warrants were exercised for a grand total of $1,354,666. The Company has a total of 33,687,346 shares issued and outstanding and an additional 4.1 million warrants outstanding until Oct. 2024.

About Strathmore Plus Uranium Corp. Strathmore Plus is a uranium exploration company, focused on in-situ recoverable uranium deposits in the State […]

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Los Angeles, USA: Verified Market Reports recently published a research report entitled “ Global Uranium Mining Market Research Report 2022″ . This report provides an industry standard and very authentic research study on the global Uranium Mining market. Qualitative and quantitative analysis highlights some of the key factors contributing to the growth of the global Uranium Mining market. As part of his research on market dynamics, he will also explain the factors that affect the growth of the global market. The authors of the report to provide a comprehensive analysis of the global Uranium Mining market, extensive competitive assessment, detailed regional studies and other this report can be used as an effective tool to find new growth pathways and ensure sustainable success in the global Uranium Mining market.

Get Sample Copy (Including FULL TOC, Graphs And Tables) Of This Report @ https://www.verifiedmarketreports.com/download-sample/?rid=555711

The report includes detailed company profiling of […]

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Vancouver, British Columbia–(Newsfile Corp. – December 8, 2022) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has completed a second staking program at the Hydra Lithium Project ("Hydra", or the "Project") in the James Bay region of northern Quebec, Canada. ALX staked an additional 108 claims in two claim blocks known as Cobra and Viper, bringing ALX’s total holding in the region to 21,746 hectares (53,734 acres). Hydra is located in a world-class lithium exploration district that hosts several significant lithium-cesium-tantalum ("LCT") type pegmatites. Hydra is 100%-owned by ALX with no applicable royalties and the Cobra and Viper claims are in good standing until November 2025.

Highlights of ALX’s 2022 Exploration Activities at Hydra Cobra and Viper were […]

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Article content

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, Dec. 09, 2022 (GLOBE NEWSWIRE) — Traction Uranium Corp. (the “ Company ” or “ Traction ”) ‎(CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is pleased to announce that it has closed the first tranche of a non-brokered private placement (the “ First Tranche
Private Placement ”) for aggregate gross proceeds of approximately C$2,513,105.00. Article content
The Company issued 7,180,300 flow-through units (each, a “ Flow-Through Unit ”) at a price of C$0.35 per Flow-Through Unit. Each Flow-Through Unit consists of one (1) common share (each, a “ FT Share ”) and one half (1/2) common share purchase warrant (each, a “ FT Warrant ”). Each whole FT Warrant is exercisable into one (1) common share of the Company (each a “ Share ”) at an exercise price of C$0.40 […]

Click here to view original web page at thestarphoenix.com

Purepoint Uranium Group Inc. ( TSXV: PTU ) (OTCQB: PTUUF) ("Purepoint" or the "Company") today announced the closing of its previously announced non-brokered private placement (the "Private Placement"). In connection with the closing, the Company issued 48,642,857 flow-through units ("Flow-Through Units") at a price of $0.07 per unit for aggregate gross proceeds of $3,405,000. Each Flow-Through Unit consists of one common share in the capital of the Company issued on a "flow through" basis pursuant to the Income Tax Act (Canada) and one half (12) of a common share purchase warrant. Each whole warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.105 per share for a period of 24 months from the date of issuance.

In connection with the closing of the private placement, the Company paid certain finders’ fees consisting of, in aggregate, $167,928.90 in cash and […]

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Toro Energy [ ASX:TOE ] , the Australian resources miner specialising in uranium, gold, and nickel, announced the completion of its $5 million capital raise for advancing its Lake Maitland, Dusty, and Yandal Projects.

Toro’s share price has now been lowered by almost 8% on Friday afternoon and has plunged 54% over the last 52 weeks.

Australian resources and commodities remain a topic of contention. As oil and gas prices continue to fall, some commodities have been moving up — uranium has lifted by more than 0.5% today, and gold by 0.18%.

Competition has also been fuelled; for example, gas and oil corporation Beach Energy [ ASX:BPT ] today backed out of a takeover battle over Warrego Energy [ ASX:WGO ] which had been hot against Hancock over the past week .Within its industry, though, TOE is trading at 89% below. Source: tradingview.com Toro’s $5 million placement The uranium producer announced […]

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Sydney, Dec. 09, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Lanthanein Resources Ltd (ASX:LNR) has unearthed widespread kaolin of varying thickness during its first pass aircore drilling program at the Koolya Kaolin and High Purity Alumina Project in Western Australia. Click here

Lindian Resources Ltd (ASX:LIN) has raised $16 million in a well-supported placement for about 73.45 million fully paid ordinary shares to new and existing sophisticated investors at 21 cents per share with attaching options of 36.73 million. Click here

Alligator Energy Ltd (ASX:AGE) has achieved high diagnostic uranium extraction results of up to 98.6% in all tests, demonstrating a high level of leachable uranium is present in feedstock from the company’s Samphire Uranium Project in South Australia. Click here

Chase Mining Corporation Ltd (ASX:CML) has officially changed its […]

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VANCOUVER, BC, Dec. 6, 2022 /CNW/ – Virginia Energy Resources Inc. (TSXV: VUI ) ("Virginia Energy") is pleased to announce that it has closed its concurrent private placement (the " Concurrent Private Placement ") in connection with the proposed acquisition of Virginia Energy by Consolidated Uranium Inc. (" Consolidated Uranium ") pursuant to a statutory plan of arrangement, which was previously announced on November 15, 2022 (the " Acquisition "). Under the terms of the Concurrent Private Placement, Virginia Energy issued, on a non-brokered private placement basis, 2,000,000 common shares in the capital of Virginia Energy (each, a " Virginia Energy Share ") to Consolidated Uranium at a price of $0.50 per Virginia Energy Share, for gross proceeds of $1,000,000. The Concurrent Private Placement remains […]

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