Share Source: Shutterstock Uranium Royalty Corp.’s ( TSE:URC ) price-to-sales (or "P/S") ratio of 8.5x may look like a poor investment opportunity when you consider close to half the companies in the Oil and Gas industry in Canada have P/S ratios below 2x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.

View our latest analysis for Uranium Royalty TSX:URC Price to Sales Ratio vs Industry September 17th 2024 What Does Uranium Royalty’s P/S Mean For Shareholders?

With revenue growth that’s exceedingly strong of late, Uranium Royalty has been doing very well. Perhaps the market is expecting future revenue performance to outperform the wider market, which has seemingly got people interested in the stock. If not, then existing shareholders might be a little nervous about the viability of the share price.

Although there are no analyst estimates available […]

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ACCESSWIRE

VANCOUVER, BC / ACCESSWIRE / September 17, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (‘ North Shore ‘ or the ‘ Company ‘) is pleased to provide an update on its exploration activities. The Company holds the Falcon and West Bear properties (‘ Falcon ‘ and ‘ West Bear ‘) at the eastern margin of the Athabasca Basin in northern Saskatchewan. The two properties are approximately 90 kilometres apart along a southwest-northeast trend (Figure 1).

North Shore is targeting near-surface basement-hosted uranium mineralization at Falcon and basement-and sandstone-hosted mineralization at West Bear that can be associated with basement structures and electromagnetic (‘ EM ‘) conductor systems. Working with extensive geologic and geophysical datasets, the Company is now prioritizing uranium exploration targets on the two properties in preparation for future field work including potential drill programs. This news release summarizes targeting efforts being undertaken in Zone 1 at Falcon where […]

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Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: The ASX has opened higher this morning, with Small Caps leading the charge early in the session to have the benchmark up 0.3% half an hour into the session.However, Telcos and Consumer Staples are lagging this morning, and the goldies are trading pretty much flat for the day so far […]

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Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) announced an update on its partner company North Shore Uranium’s exploration activities at the Falcon Uranium Project in Saskatchewan. North Shore is earning an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

North Shore has identified 36 uranium targets at Falcon, with 12 in Zone 1. In early 2024, they discovered near-surface uranium mineralization in two drill holes. The company is prioritizing targets based on EM conductor systems, structural interpretation, gravity and radiometrics data, and historical exploration datasets.

Three priority target areas in Zone 1 have been identified for potential future drilling, including a 3.0km trend where uranium was discovered. North Shore plans to continue target prioritization to maximize success in its next drill program.

Positive Discovery of near-surface uranium mineralization in two drill holes at Falcon Project Identification of […]

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This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

The brave new world continues to reveal the heightened risk of geopolitics when it comes to global commodity supplies. This week uranium was in focus as Russia suggests a retaliation against Western sanctions and Kazatomprom hits a transportation cost hurdle.

-U308 spot market takes the backseat to the mid-term market
-World’s largest uranium producer hints at major supply cuts
-Citi is tactically bullish on U308 prices -UBS the new kid on the uranium stock stage Higher activity in near-to mid-term markets The disconnect between the spot and mid-term U308 market pricing continued last week, despite President Putin and the world’s largest uranium producer, Kazatomprom, making announcements which laid bare again the increasing role of geo-political tensions in commodity markets.Volatility in the spot price market persisted last week, according to industry consultants TradeTech, with […]

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Uranium – chemical element Uranium in periodic table of elements by HT Ganzo via iStock Valued at $2.14 billion by market cap, Uranium Energy Corp. (UEC) is a Texas-based mining and exploration company involved in the pre-extraction, extraction, and exploration of uranium mines and projects in the southwestern U.S. states and Paraguay. The company is the largest resource and land owner in Canada’s Athabasca Basin and also the holder of the world’s highest-grade ferro-titanium deposit.

UEC specializes in a process known as in-situ recovery (ISR) for uranium extraction, which is a lower-cost and more environmentally friendly method of producing yellowcake. Incorporated in 2003, the small-cap company is headquartered in Corpus Christi, Texas.

Uranium Energy stock is down 20% on a year to date basis, and set a new 52-week low as recently as Sept. 6. However, UEC has bounced back sharply from that recent low, up 20% in just the past […]

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Nuclear energy and uranium got a boost, but will it last given the long lead times to grow nuclear energy production?

This week, nuclear energy stocks became a hot topic in the news as political forces pushed to expand nuclear production and tech companies indicated their willingness to be buyers.

According to data provided by S&P Global Market Intelligence , Uranium Energy Corp. ( UEC -3.24%) jumped as much as 26.1%, Cameco Corp. ( CCJ -1.01%) rose 11.1%, American Superconductor ( AMSC -1.11%) rose 23.5%, and NuScale Power ( SMR 12.17%) was the huge winner by climbing 44.1% this week. The stocks are trading up 20%, 8.5%, 19.3%, and 37.1% respectively at 1:30 p.m. ET on Friday. Image source: Getty Images. Politics takes center stage

While politics isn’t something investors should put too much value in for long-term investments, this week was particularly important because both presidential candidates were very bullish […]

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Illustration: Chris Harnan Four investment experts point to promise in smaller companies, REITs, uranium and more.

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It’s getting tougher to filter out the market noise.With a presidential election looming , a rate cut in the wings and the typical market volatility of September and October underway, keeping emotions in check will be more challenging. But the four investment professionals sharing ideas with Bloomberg News are paid to do just that — to cut through that mental clutter and spot opportunities, no matter how the market’s performing.Promising areas that the panel of advisers are focusing on range from gold to real estate investment trusts to energy to emerging markets. And as nervousness over the promise of AI and the rich valuations […]

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Is Russian export ban on nickel, uranium and titanium coming? 12 September 2024 – Russian President Vladimir Putin instructed his Prime Minister Mikhail Mishustin on Wednesday to consider an export ban on nickel, uranium, titanium and other relevant raw materials. Nickel prices on the commodity exchanges reacted sharply to the announcement. And in China, the destocking of aluminium and copper continues. Is there now a threat of a Russian export ban on nickel, uranium and titanium?

In a meeting yesterday between members of the Russian government and President Vladimir Putin, the President asked Prime Minister Mikhail Mishustin to examine the possibility of restricting exports of important raw materials from Russia . President Putin mentioned nickel, uranium and titanium by name, but also referred to the fact that this should also be examined for other relevant raw materials. Which other raw materials could be affected by an export ban?

Later […]

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Uranium stocks surge as Putin hints at possible export limits. Picture Getty share

ASX climbs with tech, energy, and uranium stocks driving gains

Uranium stocks surge as Putin hints at possible export limits

Lithium miners rise on growing demand, while WiseTech hits a new record high The ASX took a leap on Thursday, riding on the Wall Street rally with tech and energy stocks leading the charge. At the close of day, the S&P/ASX 200 index was up 1.10%.Overnight, US inflation eased to a three-year low, while Nvidia surged 8% on strong demand and bullish comments from its CEO.On the ASX today, energy shone with uranium stocks having a cracker of a day after news of Vladimir Putin’s threat to cut uranium exports in response to Western sanctions. Source: MarketIndex Putin suggested that Russia might limit exports of uranium, titanium, and nickel as a countermeasure against […]

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Uranium has gone through a bout of volatility over the past few months, notably selling off from the decade highs it had hit earlier this year on bullish supply and demand narratives. Supply disruptions and slower-than-expected production resumptions played a large role in the initial rally. As such, with Kazatomprom (‘KAP’) announcing a surprise production upgrade in 2024 and reducing near-term projected deficits, spot uranium markets promptly experienced a correction. However, this price consolidation may not be a reflection of shifting sentiment, but rather a healthy breather amid constantly improving market fundamentals. Key takeaways

Uranium markets have historically relied on secondary supply stockpiled from the Cold War era of excessive uranium production.

Utility firms have shown decade high commitment to long-term contracts, indicating increasing demand and concerns about supply shortage.

Kazakhstan’s surprise mineral extraction tax change is an overall positive development which could delay uranium asset development and incentivise […]

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Aura Energy Aura Energy Limited (ASX: AEE, AIM: AURA) (“Aura” or “the Company”) is pleased to present the updated production target improves economics at Tiris Uranium Project.

KEY POINTS: The February 2024 Front End Engineering Design (“FEED”) 1 study production target and economics has been updated using the recently expanded 91.3Mlbs U 3 O 8 Mineral Resource 2 at the Tiris Uranium Project in Mauritania

Production Target Update increased the total Project U 3 O 8 life of mine production by 44% to 43.5Mlbs U 3 O 8 and extended the mine life from 17 years to 25 years

Project economics have also significantly improved: NPV8% of US$499 million (A$734 million) an increase of 29% IRR of 39% post tax and payback only 2.25 years Life of Mine post tax cash flows of US$1,509 million an increase of 42% Aura’s Managing Director and CEO, Andrew Grove commented: […]

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The price of Premium is increasing soon. Lock in Premium now at $239/year » vchal/iStock via Getty Images NANO Nuclear Energy (NASDAQ: NNE ) +27.5% in Wednesday’s trading to its highest in six weeks after saying it entered into a contract with German nuclear waste company GNS Gesellschaft für Nuklear-Service to develop an advanced transportation system for high-assay Recommended For You

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Gain access to the world’s leading investment community.Already registered?By creating an account using any of the options above, you agree to the Terms of Use & Privacy Policy or About NNE Stock Symbol Last Price % Chg NNE 10.85 23.44% Post 10.85 Created with Highcharts 11.2.0 Sep 6 Sep 9 Sep 10 Sep 11 5 10 15 Market Cap$264.82MPE-Yield-Rev Growth (YoY)-Short Interest3.58%Prev. Close$8.79 Compare to Peers Related Stocks Symbol Last Price % Chg […]

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The price of Premium is increasing soon. Lock in Premium now at $239/year » Liens/iStock via Getty Images Cameco (NYSE: CCJ ) and other uranium producers are rallying in Wednesday’s trading following a report that Russian President Putin is considering limiting exports of uranium , titanium and nickel in retaliation for Western sanctions.

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See More » Create a free account to read the full article Gain access to the world’s leading investment community.Already registered?By creating an account using any of the options above, you agree to the Terms of Use & Privacy Policy or Related Stocks Symbol Last Price % Chg CCJ 39.98 6.05% Post: 40.08 0.25% CCO:CA 54.22 5.73% Post: 54.22 Created with Highcharts 11.2.0 Sep 6 Sep 9 Sep 10 Sep 11 -10% 0% 10% Compare In The News Symbol Last Price % Chg […]

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Uranium mining and processing stocks, along with an exchange-traded fund, surged on Wednesday following a Reuters report that Russian President Vladimir Putin suggested Russia may restrict exports of uranium, titanium, and nickel in response to Western sanctions over the invasion of Ukraine.

Canada’s Cameco Corp. saw its shares jump 6.4%, while NexGen Energy climbed 4.3%, and Denison Mines rose 5.4%, all in U.S. trading. Cameco leads the group with a market capitalization of $16.5 billion, followed by NexGen at $3.1 billion and Denison at $1.3 billion.

Uranium Energy Corp., with a market cap of $1.9 billion, surged 7.3%, while Centrus Energy, a U.S.-based supplier of enriched uranium valued at $590 million, gained 8.4%.

The Global X Uranium ETF advanced 4.4%, and the Sprott Nickel Miners ETF rose 2.4% in response to the potential export restrictions.Vladimir Putin suggested that Russia may impose restrictions on exports of key commodities, including uranium, in retaliation against […]

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A man wearing glasses and a white t-shirt pumps his fists in the air looking excited and happy about the rising OBX share price Lotus Resources Ltd ( ASX: LOT ) shares are racing higher on Tuesday morning.

At the time of writing, the ASX uranium stock is up 11% to 24 cents. Why is this ASX uranium stock jumping?

Investors have been fighting to get hold of the uranium developer’s shares this morning after it released an update on the Letlhakane Uranium Project in Botswana.

That update contains results from a further 35 holes drilled at the large-scale project, bringing the total number to 144 holes. This comprises 134 reverse circulation (RC) holes and 10 diamond holes.The good news is that the latest drilling has intersected some of the thickest continuous zones of mineralisation to date, with this thicker mineralisation starting as shallow as 8.2 metres.RC intersections from Gorgon West […]

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AuKing Mining Ltd (ASX:AKN) is expanding its portfolio of uranium assets, announcing the proposed acquisition of a 100% interest in the Grand Codroy uranium exploration project in Newfoundland, Canada.

AuKing managing director Paul Williams said that with the strong industry sentiment emerging from last week’s World Nuclear Association symposium in London, there is likely to be renewed levels of interest for uranium projects.

The company already has a significant position with its Mkuju uranium project in Tanzania and Williams expressed the company’s excitement at being able to secure the Grand Codroy project in North America.

With the global search for sources of uranium mineralisation in full steam he welcomed the opportunity to commence exploration activities after the completion of the acquisition.Grand Codroy uranium exploration projectThe uranium mineralisation at the project is within extensive, organic-rich siliciclastic rocks, which is similar to the sandstone-hosted uranium districts in the western United States.Notable high-grade historical rock […]

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BEST-BACKGROUNDS / Shutterstock Current global economic and geopolitical factors are converging to create strong prospects for gold and uranium.

Economic and geopolitical factors indicate that 2024 is a good year for gold and uranium , creating opportunities for operators and investors. The uniqueness of this commodities market needs c areful analysis .

Uranium fundamentals remain strong due to tightening supply and growing demand. The uranium space is seeing more M&A activity than exploration. Debates continue over nuclear power policies and the increased influence of China and Russia over the market.

Despite challenges with permitting, project financing and securing agreements, the uranium sector is experiencing a bull market . The price of uranium witnessed a nearly 70 percent rise in 2023, with the spot price reaching as high as US$82.30 per pound.At the same time, gold is also experiencing a surge. Because gold is almost indestructible, the 6.7 billion ounces already […]

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Retraction and apology

In the latest Market Index weekend newsletter, we mistakenly referred to Golden Deeps’ (ASX: GED) announcement of drilling results from its Havilah Project in NSW as “one of the dodgiest announcements I’ve seen in a while.”

This was based on a mistaken conclusion being drawn from the announcement headline, which referenced an 80m mineralised zone, and contrasted this with an excerpt from the third bullet point in the announcement which stated that the (80m) mineralised intersection “included a 28m zone (from 85.8m) of more intense sulphide mineralisation”. This was clarified later in the announcement on page 3 which described that the more intense sulphide mineralisation occurs within a zone of “disseminated chalcopyrite-sphalerite-pyrite mineralisation which occurs from 85m to 166m (over 80m)”.

Reference is also made to the pXRF results being “notoriously inaccurate (hence the cautionary note)”. We acknowledge that the disclosure of XRF results in the announcement is […]

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Summary

Kazakhstan’s 17% uranium production cut for 2025, combined with rising demand, suggests a higher uranium spot price and potential gains in uranium ETFs or stocks.

The uranium market shifted from oversupply (2011-2017) to structural deficit since 2018, depleting inventories and setting the spot price market up for price gains.

Uranium demand is perfectly inelastic; reactor operations require specific uranium amounts, making price fluctuations less impactful on demand. Uranium’s cost impact on electricity is minimal compared to gas, enabling substantial price movements without significantly affecting electricity prices. Ole_CNX Thesis Just before the uranium market enters its high season, Kazakhstan, which accounts for approximately 45% of the world’s production, announced a 17% production cut for 2025. This announcement provides a strong reason to explore the market further and see if there is more to uncover as we approach the high season. Due to a combination of factors, this high season […]

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Myriad holds a 75% earnable interest in the Copper Mountain Uranium Project which underwent approximately US$78m (2024$) in exploration and development expenditures by Union Pacific during the 1970s. Myriad is earning its interest in Copper Mountain from Rush Rare Metals Corp.

Union Pacific drilled over 2,000 boreholes and discovered 7 uranium deposits at Copper Mountain, developing a 6-pit mine plan with estimated resources of between 15.7 and 30.1 Mlbs U 3 O 8 . Union Pacific estimated the potential of known and speculated targets across the full project area to be over 65 Mlbs.

By far the largest historical estimate at Copper Mountain relates to the "Canning Deposit", which was estimated by Union Pacific to contain between 8.79 and 19 Mlbs U 3 O 8 . Myriad intends to focus its initial exploration efforts on the high-grade zone of Canning to begin validating and expanding on historical […]

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Myriad holds a 75% earnable interest in the Copper Mountain Uranium Project which underwent approximately US$78m (2024$) in exploration and development expenditures by Union Pacific during the 1970s. Myriad is earning its interest in Copper Mountain from Rush Rare Metals Corp.

Union Pacific drilled over 2,000 boreholes and discovered 7 uranium deposits at Copper Mountain, developing a 6-pit mine plan with estimated resources of between 15.7 and 30.1 Mlbs U 3 O 8 . Union Pacific estimated the potential of known and speculated targets across the full project area to be over 65 Mlbs.

By far the largest historical estimate at Copper Mountain relates to the "Canning Deposit", which was estimated by Union Pacific to contain between 8.79 and 19 Mlbs U 3 O 8 . Myriad intends to focus its initial exploration efforts on the high-grade zone of Canning to begin validating and expanding on historical […]

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Uranium Petra Capital report A new report from boutique Australian institutional stockbroking firm Petra Capital is forecasting continued strength in the uranium market.

The estimated uranium term price for August is up 19% year-to-date, with the final third of the year – typically a strong seasonal period for uranium – still to come.

Petra believes an increase in contract volumes through to year-end will help drive material price increases—initially in the term price, with the spot price to follow. Kazatomprom impact

Petra’s report highlighted the impact of Kazatomprom’s recent production forecast issues on the short interest in uranium stocks.“Given the disconnect in equity prices, continued high short interest levels and the demonstrated inability of incumbents to rapidly increase supply, we see an excellent risk/reward to an investment in uranium equities,” the report noted.The firm also pointed to anticipated US interest rate cuts and a potential increase in contract volumes as having […]

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Standard Uranium (TSXV: STND) (OTCQB: STTDF) has completed its summer drill program at the Sun Dog Uranium Project in northwestern Saskatchewan. The program, funded by Aero Energy and operated by Standard Uranium, focused on the Wishbone target area. Key highlights include:

1. Anomalous radioactivity intersected in 7 out of 8 drill holes

2. Strong graphitic fault rocks with widespread clay-sericite alteration and hydrothermal hematite

3. Confirmation of the company’s prospectivity model4. Assays pending and follow-up drilling plannedThe program comprised 1,593 meters across 8 drill holes, targeting shallow high-grade basement-hosted uranium mineralization. The results provide proof of concept for the company’s exploration model, with additional geophysical surveys and drilling planned to vector into a potential new high-grade discovery.Positive Anomalous radioactivity (>300 cps) intersected in 7 out of 8 drill holes Confirmation of the company’s prospectivity model for basement-hosted uranium deposits Identification of favorable geological settings for high-grade uranium mineralization Planned follow-up drilling and […]

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Kazakhstan is the world’s largest miner of uranium, followed by Canada, Namibia and Australia. Photo: Reuters Summary

One Central Asian country stands out above the rest

On July 3rd Vladimir Putin, Russia’s president, and Xi Jinping, China’s leader, attended the annual summit of the Shanghai Co-operation Organisation, a Eurasian security and defence partnership, in Astana, Kazakhstan’s capital. In a statement ahead of his meeting with Kassym-Jomart Tokayev, Kazakhstan’s president, Mr Xi emphasised the need for the two countries to strengthen their co-operation in energy investment and mining. It hints at an area where the “no-limits" friendship between Russia and China is being tested, as they both woo Kazakhstan.

The war in Ukraine exposed Europe’s dependency on Russian oil and gas. This has given a boost to nuclear advocates and increased the demand for uranium, the mineral used for nuclear fuel. Global uranium production is projected to reach over 75,000 tonnes […]

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