Interest in the uranium spot market is waning, as interest in uranium term markets heats up.

-Interest fading in spot uranium market
-Term markets remain active
-Global demand continues to grow
-Supply doesn’t
A total of 12 transactions involving 1.2mlbs U3O8 equivalent were recorded in the uranium spot market in November, industry consultant TradeTech reports, compared to 4.5mlbs in October. The majority of this activity occurred during the first half of the month, before activity stalled as the US Thanksgiving holiday approached, which is not unusual.TradeTech’s spot price indicator closed out the month at US$49.75/lb, down from US$52.25/lb at end-October.Sellers re-entered the market following the Thanksgiving weekend, but buyers didn’t. By last Friday, after sellers continued to drop prices, one transaction had been reported for 200,000lbs at US$48.00/lb, down -US2.00/lb week on week.This price movement runs counter to activity occurring in the term uranium markets. Multiple US and non-US […]

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Skyharbour Resources Ltd. ‘s ( TSX-V: SYH ) ( OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company, Basin Uranium Corp. ("Basin Uranium") has completed 2022 drilling at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Mann Lake Uranium Project :
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

In total 6,279 metres were drilled 2022 over two phases of drilling. Phase two consisted of 2,776 metres of diamond drilling over four holes which followed up on targets from phase one drilling and geophysical programs completed earlier in the year. The Mann Lake camp has been demobbed for the winter and all drill sites have been reclaimed. All core samples have been submitted to the Saskatchewan Research Council (SRC) for analysis and the assays are pending and will be released once received.
Phase Two […]

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Vancouver, British Columbia–(Newsfile Corp. – December 1, 2022) – Forum Energy Metals Corp. ( TSXV: FMC ) ( OTCQB: FDCFF ) ("Forum" or "the Company") is pleased to announce that Dr. Rebecca Hunter has been appointed as Vice President, Exploration of the Company.

Rick Mazur, President and CEO, stated, "I am pleased that Rebecca has taken on the leadership role at Forum to advance the Company’s uranium and energy metals projects. Former VP, Exploration, Ken Wheatley will continue to focus his attention on the Company’s exploration portfolio as Chief Geologist."

Dr. Hunter stated, "I am very excited to join the Forum exploration team with the goal of increasing company value through quality exploration work. My focus will be on the advancement of Forum’s Thelon Project, which includes increasing the resources at the […]

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Mr. Trueman is a professional engineer with over 50 years of diverse experience in the mining sector that includes exploration, development, and production throughout Canada and in numerous other countries around the world. Over the course of his career, Mr. Trueman has led several exploration teams that resulted in the discoveries of uranium, gold, and silver deposits. Mr. Trueman holds a B.Sc. in Geology (Honours) from the University of British Columbia as well as a M.Sc. in Economic Geology from Queen’s University.

Keith Bodnarchuk, President & CEO, commented: On behalf of the Board at Cosa, I’m thrilled to announce the appointment of Ted Trueman to the Board of Directors. Ted’s geological resume is unparalleled and includes many years of exploration for uranium deposits in Saskatchewan’s Athabasca Basin. His accomplishments include the founding, listing, and ultimate sale of Pitchstone Exploration Ltd., a global public uranium exploration company. His guidance and […]

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Uranium Royalty Corp. (NASDAQ:UROY)’s traded shares stood at 0.5 million during the last session. At the close of trading, the stock’s price was $2.74, to imply a decrease of -1.44% or -$0.04 in intraday trading. The UROY share’s 52-week high remains $5.00, putting it -82.48% down since that peak but still an impressive 23.36% since price per share fell to its 52-week low of $2.10. The company has a valuation of $266.69M, with an average of 0.63 million shares in intraday trading volume over the past 10 days and average of 620.11K shares over the past 3 months.

After registering a -1.44% downside in the last session, Uranium Royalty Corp. (UROY) has traded red over the past five days. The stock hit a weekly high of 2.95 this Friday, 12/02/22, dropping -1.44% in its intraday price action. The 5-day price performance for the stock is 2.62%, and 29.25% over 30 […]

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Forum Energy Metals Corp. ( TSXV: FMC ) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that Dr. Rebecca Hunter has been appointed as Vice President, Exploration of the Company.

Rick Mazur, President and CEO, stated, "I am pleased that Rebecca has taken on the leadership role at Forum to advance the Company’s uranium and energy metals projects. Former VP, Exploration, Ken Wheatley will continue to focus his attention on the Company’s exploration portfolio as Chief Geologist."

Dr. Hunter stated, "I am very excited to join the Forum exploration team with the goal of increasing company value through quality exploration work. My focus will be on the advancement of Forum’s Thelon Project, which includes increasing the resources at the Tatiggaq and Qavvik deposits, as well as to progress Forum’s Saskatchewan assets to a discovery stage."

Dr. Hunter has 15 years’ experience as a uranium exploration geologist in Saskatchewan and Nunavut. […]

Click here to view original web page at investingnews.com

Uranium Energy Corp. (AMEX:UEC)’s traded shares stood at 1.47 million during the latest session, with the company’s beta value hitting 2.08. At the last check today, the stock’s price was $3.63, to imply a decrease of -1.36% or -$0.05 in intraday trading. The UEC share’s 52-week high remains $6.60, putting it -81.82% down since that peak but still an impressive 35.54% since price per share fell to its 52-week low of $2.34. The company has a valuation of $1.33B, with an average of 5.32 million shares in intraday trading volume over the past 10 days and average of 8.84 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Uranium Energy Corp. (UEC), translating to a mean rating of 1.60. Of 5 analyst(s) looking at the stock, 0 analyst(s) give UEC a Sell rating. 0 of those analysts rate the stock as Overweight […]

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Press Release

This Uranium Fuel Rod Market report presents key manufacturers, growth opportunities by product type, application, key regions, size, volume, challenges, drivers, regional development status, risks, historical and future market trends.

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

Dec 02, 2022 (The Expresswire) — A cost-effective market report that deliver top-notch insights into the Industrial Uranium Fuel Rod market . The report also applies both primary and secondary research methodologies to identify new opportunities for development for the Industrial Uranium Fuel Rod market during the estimated forecast period, the research further analyses data and screens data on the market growth rate, share and size to enable product owners, stakeholders and field marketing executives identify the challenges in the market. Moreover, the research study also highlights an industry-wide summary of the Industrial Uranium Fuel Rod market including drivers, constraints, technological advancements, […]

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Uranium is not just popular with the retail crowd but with the institutional crowd as well. It really does seem like a no brainer investment given nuclear energy being the solution for base load energy with CO2 free emissions, and the current supply and demand uranium set up.

Things get more interesting as the European Union ban on Russian crude oil goes live on December 5th . There are some issues with the price gap, but this has the potential to send crude oil prices higher! But for uranium investors, this begs the question: will Russian uranium be next? In previous weekly uranium sector roundups, I have written about banks such as Citi being bullish uranium because they see a ban or sanctions on Russian uranium coming. Kazakhstan’s Kazatomprom is also looking at alternative routes to deliver uranium rather than through St Petersburg in case sanctions or a ban is […]

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Cauldron Energy raising $2.27 million to advance Yanrey Uranium Project; new CEO takes charge

Cauldron Energy has golden opportunity following consolidation of Blackwood Goldfield and completion of data review

Cauldron talks Blackwood Gold Project’s multi-million-ounce potential

About the company Cauldron Energy Ltd (ASX:CXU) is a mineral exploration and development company focused on generating short-term cash flow through the exploitation of its diverse portfolio of mineral resource projects.A Victorian gold project centred on the historic Blackwood Goldfield is the major focus and the company plans to drill test the highly prospective area around Rogers Big Hill, Eldorado and Homeward Bound, highlighted following a review of historical exploration data and mining records.Cauldron also plans to acquire a sand project comprising a number of river sand leases at the mouths of the Carnarvon, Onslow and Derby rivers in Western Australia. How it is doing Cauldron Energy Ltd (ASX:CXU) is raising $2.268 […]

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

Visualizing the World’s Largest Copper Producers

This was originally posted on Elements . Sign up to the free mailing list to get beautiful visualizations on natural resource megatrends in your email every week.

Man has relied on copper since prehistoric times. It is a major industrial metal with many applications due to its high ductility, malleability, and electrical conductivity.

Many new technologies critical to fighting climate change, like solar panels and wind turbines, rely on the red metal.But where does the copper we use come from? Using the U.S. Geological Survey’s data , the above infographic lists the world’s largest copper producing countries in 2021. The Countries Producing the World’s Copper Many everyday products depend on minerals, including mobile phones, laptops, homes, and automobiles. Incredibly, every American requires 12 pounds of copper each year to maintain their standard of living.North, South, and Central America dominate copper production, as these regions […]

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

Vancouver, British Columbia – TheNewswire – December 1, 2022 – Cosa Resources Corp. (CSE:COSA) (“Cosa” or the “Company”) is pleased to announce it has appointed Ted Trueman to its Board of Directors (the “Board”), effective immediately.

Mr. Trueman is a professional engineer with over 50 years of diverse experience in the mining sector that includes exploration, development, and production throughout Canada and in numerous other countries around the world. Over the course of his career, Mr. Trueman has led several exploration teams that resulted in the discoveries of uranium, gold, and silver deposits. Mr. Trueman holds a B.Sc. in Geology (Honours) from the University of British Columbia as well as a M.Sc. in Economic Geology from Queen’s University.

Keith Bodnarchuk, President & CEO, commented: On behalf of the Board at Cosa, I’m thrilled to announce the appointment of Ted Trueman to the Board of Directors. Ted’s geological resume is unparalleled […]

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

Skyharbour Resources Ltd Vancouver, BC, Nov. 28, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”) has completed 2022 drilling at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Mann Lake Uranium Project :
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

In total 6,279 metres were drilled 2022 over two phases of drilling. Phase two consisted of 2,776 metres of diamond drilling over four holes which followed up on targets from phase one drilling and geophysical programs completed earlier in the year. The Mann Lake camp has been demobbed for the winter and all drill sites have been reclaimed. All core samples have been submitted to the Saskatchewan Research Council (SRC) for analysis and the […]

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

RHJ Uranium Royalty Corp. (NASDAQ: UROY ) is trying to bring the royalty and streaming model, which has been successful in other commodities, into the uranium space. Being a first mover into a particular business segment could prove to be an advantage, but on the other hand, the first years are usually challenging. As such, UROY is yet to start receiving meaningful revenues from its existing agreements, and there’s uncertainty about when that will happen with some projects. The ones that are in production, don’t appear to have the potential to bring significant cash, either. While the 1.5Mlbs of U 3 O 8 on the balance sheet gives a direct link to uranium prices, their market value is only a fraction of the EV. Overall, I think that given the current stage of the business development, UROY is not the best way to get uranium exposure. Company overview

Registered […]

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NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce another significant milestone in the advancement of regulatory approvals for the 100% owned Rook I Project ("Rook I" or the "Project") with the receipt of Federal technical and public review comments and Provincial technical review comments on the Rook I draft Environmental Impact Statement ("EIS").

The Federal draft EIS review process, coordinated by the Canadian Nuclear Safety Commission ("CNSC"), included both technical and public review. Receipt of the Federal review comments follows successful completion of the 90-day Federal public review period that ended on October 12, 2022 (see News Release dated July 15, 2022 ).

In parallel to the CNSC-coordinated Federal technical and public review, the Saskatchewan Ministry of Environment ("ENV") completed coordination of a Provincial technical review of the draft EIS. Provincial technical review comments were received in September 2022 . With receipt […]

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( OTCQB: FDCFF ) ("Forum" or "the Company") is pleased to announce that the drill has started turning on its 100% owned Wollaston uranium project, located 10km south of Cameco’s Rabbit Lake Uranium Mill and 30km south of Orano/Denison’s McClean Lake Uranium Mill in the northeastern Athabasca Basin (Figure 1). The plan is to complete approximately 1000m before Christmas, then continue the program into the new year with a minimum of another 2,000 metres, testing priority targets developed by the recent airborne magnetic/electromagnetic survey (see news release of November 15, 2022). Cyr Drilling of Winnipeg, Manitoba has provided the drill and crew for the project.

Drilling last winter was successful in identifying the Gizmo zone with uranium grades up to 0.21% U3O8 intersected in one of four holes drilled on the target exhibiting strong alteration and geochemical values. Targets on the west side of the project (Figure 2), located near […]

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

(TheNewswire) Vancouver, British Columbia TheNewswire – November 29, 2022 Cosa Resources Corp. ( CSE: COSA ) (" Cosa " or the "Company") is pleased to announce that Steve Blower, Chairman of Cosa, and Craig Parry, Strategic Advisor of Cosa, have been awarded the AME 2022 Colin Spence Award for excellence in global mineral exploration.

The award is a result of Mr. Parry and Mr. Blower’s integral roles in the discovery of the Hurricane uranium deposit during their time with IsoEnergy Ltd. Mr. Parry and Mr. Blower are joint recipients with Andy Carmichael and Justin Rodko. Collectively, they formed the leadership team responsible for the discovery.

Keith Bodnarchuk, President & CEO, commented: On behalf of the Cosa team, we’d like to congratulate Steve, Craig, and the other recipients for winning the prestigious Colin Spence Award. This award is a result of the fantastic discovery of the Hurricane deposit and a long track […]

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Falling prices and rich deposits that have opened up in other countries have made times hard for Niger’s uranium mines Niamey (Niger) (AFP) – Prospects for the world’s nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels — but Niger, one of the world’s biggest sources of uranium, has yet to feel the improvement.

The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power.

But its mining industry is in the doldrums.

"Over the past few years, the uranium industry worldwide has been marked by a trend of continuously falling prices," Mining Minister Yacouba Hadizatou Ousseini told AFP in an interview.She blamed "pressure from ecologists" after the 2011 Fukushima nuclear accident in Japan, but also the emergence of "particularly rich deposits" […]

Click here to view original web page at www.france24.com

Forum Energy Metals Corp. ( TSXV: FMC ) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that the drill has started turning on its 100% owned Wollaston uranium project, located 10km south of Cameco’s Rabbit Lake Uranium Mill and 30km south of OranoDenison’s McClean Lake Uranium Mill in the northeastern Athabasca Basin (Figure 1). The plan is to complete approximately 1000m before Christmas, then continue the program into the new year with a minimum of another 2,000 metres, testing priority targets developed by the recent airborne magneticelectromagnetic survey (see news release of November 15, 2022). Cyr Drilling of Winnipeg, Manitoba has provided the drill and crew for the project.

Drilling last winter was successful in identifying the Gizmo zone with uranium grades up to 0.21% U3O8 intersected in one of four holes drilled on the target exhibiting strong alteration and geochemical values. Targets on the west side of […]

Click here to view original web page at investingnews.com

November 29, 2022 /CSRwire/ – EPRI, Oak Ridge National Laboratory (ORNL), Southern Company Research and Development, and Deep Isolation announced today they have been awarded $2.8 million from the U.S. Department of Energy (DOE) for a joint nuclear research and development project. The project is focused on nuclear fuel management options to help power advanced nuclear energy systems, which could play an important role in meeting national decarbonization goals.

EPRI will lead the team receiving funding from DOE’s Advanced Research Projects Agency-Energy (ARPA-E). Specifically, the two-year project aims to expand the available options of nuclear fuel management by creating a tool for optimizing the integration of processes for recovery of uranium from used nuclear fuel and performing an at-scale scoping study for market readiness of some of these techniques.

Each of the participating organizations brings their unique specific technical perspective to the project. EPRI is providing project management and expertise in […]

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Protestors in Niamey in December 2013, at the height of contract negotiations between Areva and Niger. The sign reads: ‘Areva, respect the law instead of making it’ Prospects for the world’s nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels — but Niger, one of the world’s biggest sources of uranium, has yet to feel the improvement.

The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power.

But its mining industry is in the doldrums.

"Over the past few years, the uranium industry worldwide has been marked by a trend of continuously falling prices," Mining Minister Yacouba Hadizatou Ousseini told AFP in an interview.She blamed "pressure from ecologists" after the 2011 Fukushima nuclear accident in Japan, but also the emergence of […]

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

Nasdaq- and TSX-V-listed Uranium Royalty Corp (URC) has elected to receive royalty proceeds from the recently re-started McArthur River mine, in Canada, through the delivery of physical uranium.

URC’s royalty interest applies to Orano Canada’s 30.195% ownership interest in the McArthur River project, which is operated by Cameco. "By electing to receive physical uranium under this royalty interest, URC provides shareholders with unhedged exposure to future uranium price upside. In addition, it represents pounds sourced from a geopolitically stable jurisdiction, in one of the world’s premier uranium mining districts, by an operator with an outstanding safety and environmental record,” said CEO Scott Melbye .

Earlier this month, Cameco announced that the first pounds of uranium ore produced from the McArthur River mine had been milled and packaged at the Key Lake mill, marking the initial production from McArthur River as it transitions back to normal operations. Cameco states that McArthur River/Key […]

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

Prospects for the world’s nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels — but Niger, one of the world’s biggest sources of uranium, has yet to feel the improvement.

The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power.

But its mining industry is in the doldrums.

"Over the past few years, the uranium industry worldwide has been marked by a trend of continuously falling prices," Mining Minister Yacouba Hadizatou Ousseini told AFP in an interview.She blamed "pressure from ecologists" after the 2011 Fukushima nuclear accident in Japan, but also the emergence of "particularly rich deposits" of uranium in Canada for depressing the market.A concrete example of Niger’s problems can be found in its vast mine at Imouraren, which experts […]

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

Forum Energy Metals Corp. ( TSXV: FMC ) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that the drill has started turning on its 100% owned Wollaston uranium project, located 10km south of Cameco’s Rabbit Lake Uranium Mill and 30km south of OranoDenison’s McClean Lake Uranium Mill in the northeastern Athabasca Basin (Figure 1). The plan is to complete approximately 1000m before Christmas, then continue the program into the new year with a minimum of another 2,000 metres, testing priority targets developed by the recent airborne magneticelectromagnetic survey (see news release of November 15, 2022). Cyr Drilling of Winnipeg, Manitoba has provided the drill and crew for the project.

Drilling last winter was successful in identifying the Gizmo zone with uranium grades up to 0.21% U3O8 intersected in one of four holes drilled on the target exhibiting strong alteration and geochemical values. Targets on the west side of […]

Click here to view original web page at investingnews.com

Protestors in Niamey in December 2013, at the height of contract negotiations between Areva and Niger. The sign reads: ‘Areva, respect the law instead of making it’ Niamey – Prospects for the world’s nuclear industry have been boosted by the war in Ukraine and mounting hostility towards climate-wrecking fossil fuels — but Niger, one of the world’s biggest sources of uranium, has yet to feel the improvement.

The deeply impoverished landlocked Sahel state is a major supplier of uranium to the European Union, accounting for a fifth of its supplies, and is especially important to France, its former colonial power.

But its mining industry is in the doldrums.

“Over the past few years, the uranium industry worldwide has been marked by a trend of continuously falling prices,” Mining Minister Yacouba Hadizatou Ousseini told AFP in an interview.She blamed “pressure from ecologists” after the 2011 Fukushima nuclear accident in Japan, but also the […]

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