Traction Uranium and UGreenco Energy Announce Option Agreement for Key Lake South Property

Traction Uranium and UGreenco Energy Announce Option Agreement for Key Lake South Property

The Key Lake South Uranium Project is located approximately 6 kilometers to the southwest of the Key Lake uranium mill and in close vicinity to modern uranium mining facilities and highway transportation in northern Saskatchewan. Geologically, it sits at the southeastern edge of the Proterozoic Athabasca Basin – home of the world’s largest and highest grade uranium deposits and operations. Recent discovery of Triple R and Arrow deposits has demonstrated further potential of high-grade uranium at the edge of the basin. Lester Esteban, Chief Executive Officer, stated, “An extraordinary uranium anomaly was outlined in the early 70’s known as the “Hot” Island and was believed to be transported from a source in the northeast, which led to the discovery of the Key Lake uranium deposit, the world’s largest high-grade uranium deposit mined with open-pit producing a total of 209.8 million pounds of uranium at the average grade of 2.32% […]

Blue Sky Uranium (CVE:BSK) Will Have To Spend Its Cash Wisely

Blue Sky Uranium (CVE:BSK) Will Have To Spend Its Cash Wisely

Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the right price. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Blue Sky Uranium ( CVE:BSK ) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. We’ll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. When Might Blue Sky Uranium Run Out Of Money?

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

New York State Common Retirement Fund Buys 50,203 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

New York State Common Retirement Fund Buys 50,203 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

→ The Coming Copper Bull Run (Ad) Uranium Energy New York State Common Retirement Fund increased its stake in Uranium Energy Corp. ( NYSEAMERICAN:UEC – Get Rating ) by 36.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,495 shares of the basic materials company’s stock after purchasing an additional 50,203 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Uranium Energy worth $865,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its position in shares of Uranium Energy by 41.3% in the first quarter. Commonwealth Equity Services LLC now owns 20,529 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 6,000 shares during the last quarter. SG Americas Securities LLC […]

Uranium Market Is Set to Fly High Growth in Years to Come : Orano, Uranium One, Energy Asia, Cameco

This press release was orginally distributed by SBWire

New Jersey, USA — ( SBWIRE ) — 08/18/2022 — The latest study released on the Global Uranium Market by AMA Research evaluates market size, trend, and forecast to 2027. The Uranium market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:
Kazatomprom (Kazakhstan), Orano (France), Uranium One (Canada), Cameco (Canada), CGN (China), Navoi Mining (Uzbekistan), CNNC (China), Cameco (Canada), ARMZ (Russia), General Atomics/Quasar (US), BHP (Australia), Energy Asia (China), Sopamin (Niger), VostGok (Ukraine) and Paladin Energy (Australia)
Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/20617-global-uranium-market Definition: The increase in nuclear power capacity, urban population, uranium usage in radiation, […]

U3O8 Corp. Appoints New Chairman of the Board and Chief Executive Officer

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) — U3O8 Corp. ( TSX: UWE ), (“ U3O8 ” or the “ Company ”) today announces that Dr. Richard Spencer has transitioned from President and Chief Executive Officer, a role he held since 2008, to Chairman of the Board of Directors of the Company. Mr. Trumbull Fisher, who was appointed Chairman of the Board of Directors of U3O8 on June 30, is relinquishing this role to become Chief Executive Officer. Both changes are effective immediately.

Dr. Richard Spencer, U3O8’s Chairman commented, “With the turn-around of the Company progressing so well, and my tenure having spanned the bear market in uranium, it’s time for me to step aside for new leadership to propel the Company into the resurgent nuclear and growing battery commodity markets. I look forward to supporting Trumbull as he leads the Company forward, while providing the necessary continuity in my new […]

A Uranium Ghost Town in the Making

A Uranium Ghost Town in the Making

Time and again, mining company Homestake and government agencies promised to clean up waste from decades of uranium processing. It didn’t happen. Now they’re trying a new tactic: buying out homeowners to avoid finishing the job.

Video, Mauricio Rodríguez Pons and Ed Ou

Photography, Ed Ou

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox .The “death map” tells the story of decades of sickness in the small northwest New Mexico communities of Murray Acres and Broadview Acres. Turquoise arrows point to homes where residents had thyroid disease, dark blue arrows mark cases of breast cancer, and yellow arrows mean cancer claimed a life.Neighbors built the map a decade ago after watching relatives and friends fall ill and die. Dominating the top right corner of the map, less than half a mile […]

Uranium Prices Should Continue “Measured Increase” As Demand Soars

FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Aug. 16, 2022 /PRNewswire/ — The Bank of America appears to be bullish on the future of uranium spot prices The rising support for nuclear energy and tight supply could see uranium spot prices return to US$70/lb by 2023, according to Bank of America (BoA). In a recent article in Market Index, they said: "Bank of America forecasts uranium spot prices to rise to US$70/lb by 2023. Increased uranium purchases from financial market participants often correlates to higher prices. Loss of Russian supplies and Diablo Canyon nuclear plant extension could be bullish catalysts… "We think uranium prices should continue a measured increase, peaking around US$70/lb in 2023e, vs. spot at US$49.5/lb. However, any loss of Russian supplies would make us more bullish," said BoA analysts last Friday. It continued: "In 2021, imports from Russia and Kazakhstan hit an all-time high of 22.9m lbs […]

Uranium Prices Should Continue ‘Measured Increase’ As Demand Soars’

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FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Aug. 16, 2022 /PRNewswire/ — The Bank of America appears to be bullish on the future of uranium spot prices The rising support for nuclear energy and tight supply could see uranium spot prices return to US$70/lb by 2023, according to Bank of America (BoA). In a recent article in Market Index, they said: ‘Bank of America forecasts uranium spot prices to rise to US$70/lb by 2023. Increased uranium purchases from financial market participants often correlates to higher prices. Loss of Russian supplies and Diablo Canyon nuclear plant extension could be bullish catalysts… ‘We think uranium prices should continue a measured increase, peaking around US$70/lb in 2023e, vs. spot at US$49.5/lb. However, any loss of Russian supplies would make us more bullish,’ said BoA analysts last Friday. It continued: ‘In 2021, imports from Russia and Kazakhstan […]

Uranium Prices Should Continue 'Measured Increase' As Demand Soars - Financial News Media

Uranium Prices Should Continue ‘Measured Increase’ As Demand Soars – Financial News Media

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Palm Beach, FL – August 16, 2022 – FinancialNewsMedia.com News Commentary – The Bank of America appears to be bullish on the future of uranium spot prices The rising support for nuclear energy and tight supply could see uranium spot prices return to US$70/lb by 2023, according to Bank of America (BoA). In a recent article in Market Index, they said:“Bank of America forecasts uranium spot prices to rise to US$70/lb by 2023. Increased uranium purchases from financial market participants often correlates to higher prices. Loss of Russian supplies and Diablo Canyon nuclear plant extension could be bullish catalysts…“We think uranium prices should continue a measured increase, peaking around US$70/lb in 2023e, vs. spot at US$49.5/lb. However, any loss of Russian supplies would make us more bullish,” said BoA analysts last Friday. It […]

Uranium Ore Market Size Predicted to Increase at a Positive CAGR | Cameco, Rio Tinto Group, BHP Billiton Ltd.

Global Uranium Ore Market Growth (Status and Outlook) 2021-2026 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Uranium Ore market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Uranium Ore market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

Download Free Sample Copy of ‘ Uranium Ore market’ Report @

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Traction Uranium and UGreenco Energy Announce Option Agreement for Key Lake South Property

VANCOUVER, British Columbia, Aug. 16, 2022 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “ Company ” or “ Traction ”) is pleased to announce that it has entered into a property option agreement (the “ Option Agreement ”) with UGreenco Energy Corp. (the “ Vendor ”) dated August 15th, 2022 (the “ Effective Date ”), pursuant to which the Company has been granted the right to acquire up to a 75% interest in and to the Key Lake South Property, which consists of a series of mineral disposition parcels located in Athabasca Basin, Northern Saskatchewan, Canada (the “ Property ”).

The Key Lake South Uranium Project is located approximately 6 kilometers to the southwest of the Key Lake uranium mill and in close vicinity to modern uranium mining facilities and highway transportation in northern Saskatchewan. Geologically, it sits at the southeastern edge of the […]

Uranium Energy Corp and UEX Corporation Agree to Amendment to the Arrangement Agreement; Special Meeting of UEX Securityholders will Remain on Monday, August 15, 2022

UEC Pro Forma Ownership Changes to 85.7% Compared to Previously Disclosed at 85.8% on Basic Share Basis

CORPUS CHRISTI, Texas and SASKATOON, SK, Aug. 15, 2022 /PRNewswire/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") and UEX Corporation (TSX: UEX) (" UEX ") are pleased to announce that they have entered into a further amending agreement (the " Amending Agreement ") to the previously announced arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, UEC and UEC 2022 Acquisition Corp., pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX (" UEX Shares ") by way of a statutory plan of arrangement (the " Arrangement ") under the Canada Business Corporations Act (the " Transaction ").

Under the terms of the Amending Agreement, holders of UEX Shares (" UEX […]

Is Fission Uranium (TSE:FCU) A Risky Investment?

Is Fission Uranium (TSE:FCU) A Risky Investment?

Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. We can see that Fission Uranium Corp. ( TSE:FCU ) does use debt in its business. But is this debt a concern to shareholders? When Is Debt Dangerous?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. By replacing dilution, though, debt can be an extremely good tool for businesses that need […]

Uranium Energy Corp and UEX Corporation Agree to Amendment to the Arrangement Agreement; Special Meeting of UEX Securityholders will Remain on Monday, August 15, 2022

UEC Pro Forma Ownership Changes to 85.7% Compared to Previously Disclosed at 85.8% on Basic Share Basis

Corpus Christi, August 15, 2022 – Uranium Energy Corp. (NYSE American:UEC, the "Company" or "UEC") and UEX Corporation (TSX:UEX), (OTC:UEXCF), "UEX" are pleased to announce that they have entered into a further amending agreement (the "Amending Agreement") to the previously announced arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, UEC and UEC 2022 Acquisition Corp., pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX ("UEX Shares") by way of a statutory plan of arrangement (the "Arrangement") under the Canada Business Corporations Act (the "Transaction").

Under the terms of the Amending Agreement, holders of UEX Shares ("UEX Shareholders") will now receive 0.090 of one common share of UEC (a "UEC Share") for each UEX Share held, implying consideration of […]

Uravan Announces the Purchase of Uranium Claims in Lisbon Valley

CALGARY, AB, Aug. 15, 2022 /CNW/ – Uravan Minerals Inc. (TSXV: UVN) (" Uravan ") and Prime Fuels Corp (" Prime ") announce they have entered into a Share Purchase Agreement effectively dated August 9, 2022 (the " Transaction" ) which sets forth the terms and conditions upon which Uravan will acquire Prime and its 100% owned mining projects located in Lisbon Valley Mining District (the "Lisbon Valley District" ) Utah, USA.

Prime is a private company incorporated under the laws of the State of Colorado and is the recorded and beneficial owner of a 100% interest in certain unpatented lode mining claims (the " Claims ") situated in the State of Utah, USA. The Claims consist of two groups, the LS and JB mining claims, totalling 107 claims covering approximately 2,211 acres (895 ha) in the Lisbon Valley District, south-eastern Utah.

The Lisbon Valley District is in the Colorado Plateau […]

UEX Announces Further Amended Arrangement Agreement with Uranium Energy Corp.

Recommends Vote in Favour of UEC Arrangement

The following represents a summary of the key amendments set forth in the Amended UEC Agreement: UEX Shareholders will now receive 0.09 UEC Shares for each UEX Share, implying consideration of approximately C$0.497 per UEX Share based on the closing price of UEX Shares and UEC Shares on the Toronto Stock Exchange and the NYSE American Exchange, respectively, and the spot exchange rate as of August 12, 2022, replacing the previous exchange ratio of 0.0890 UEC Shares for each UEX Shares as agreed to in the UEC Agreement; and

a further increase in the termination fee payable to UEC if the UEC Agreement is terminated in certain circumstances, including if UEX enters into an agreement with respect to a superior proposal or if the Board of Directors of UEX (the Board”) withdraws its recommendation with respect to the UEC Arrangement, from US$8,800,000 […]

Lotus Resources: Kayelekera a โ€˜Low-Cost, Quick Restart Assetโ€™

Lotus Resources: Kayelekera a โ€˜Low-Cost, Quick Restart Assetโ€™

Lotus Resources [ ASX:LOT ] released its DFS, ‘ confirming Kayelekera as a low-cost, quick restart uranium operation. ‘

The share price for the uranium stock was largely flat on Thursday.

While LOT shares are up 50% over the past 12 months, they are down 25% year to date. www.tradingview.com DFS validates Kayelekera uranium

On Thursday morning, Lotus Resources brought out the latest results for its DFS (Definitive Feasibility Study) on the restart of the Kayelekera Uranium Project in Malawi.Lotus revealed that the DFS findings paint Kayelekera Uranium as ‘ one of the lowest capital cost uranium projects globally ’ — one that will only take 15 months to rebuild.Pending a FID (Final Investment Decision), the company will be boosting engagements with nuclear energy utilities, exploring funding avenues, and moving forward with offtake options. Kayelekera Uranium breakdown The mine has an ore reserve estimate of 15.9Mt (metric tonnes) […]

Peninsula Energyโ€™s (ASX:PEN) Lance DFS highlights potential as globally unique uranium operation

Peninsula Energyโ€™s (ASX:PEN) Lance DFS highlights potential as globally unique uranium operation

Peninsula Energy’s (PEN) definitive feasibility study (DFS) positions its Lance projects, in Wyoming, as a globally competitive in-situ recovery (ISR) uranium operation

The company completed a DFS for the Ross and Kendrick production areas, which have a resource totalling 21.8 million pounds of uranium oxide

The DFS outlines a life of mine production of 14.4 million pounds of uranium over 14 years and gross revenue of US$895 million (A$1.2 billion)

MD and CEO Wayne Heili says the company has a “unique competitive advantage” in being the only US-based uranium company using the low pH ISR method A final investment decision on the project will be made by the end of the year PEN shares drops 10 per cent to trade at 18 cents per share as of 1:19 pm AEST Peninsula Energy’s (PEN) definitive feasibility study (DFS) has positioned its Lance projects, in Wyoming, as a globally competitive in-situ […]

Uranium Energy Corp and UEX Corporation Agree to Amendment to the Arrangement Agreement; Special Meeting of UEX Securityholders will Remain on Monday, August 15, 2022

UEC Pro Forma Ownership Changes to 85.7% Compared to Previously Disclosed at 85.8% on Basic Share Basis

CORPUS CHRISTI, Texas and SASKATOON, SK, Aug. 15, 2022 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") and UEX Corporation (TSX: UEX) (" UEX ") are pleased to announce that they have entered into a further amending agreement (the " Amending Agreement ") to the previously announced arrangement agreement dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, among UEX, UEC and UEC 2022 Acquisition Corp., pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX (" UEX Shares ") by way of a statutory plan of arrangement (the " Arrangement ") under the Canada Business Corporations Act (the " Transaction ").

Under the terms of the Amending Agreement, holders of UEX Shares (" UEX […]

Peninsula Energyโ€™s definitive feasibility study positions Lance projects as globally competitive ISR uranium operations

The Ross Process Plant at the Lance Projects, Wyoming USA Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) has released a definitive feasibility study (DFS) demonstrating a robust economic case for the company’s three Lance In-situ Recovery (ISR) Uranium Projects – Ross, Kenrick and Barber – in Wyoming, United States.

Peninsula has been transitioning its Lance projects from an alkaline ISR method to a low-pH recovery operation, which has the potential to increase uranium recoveries without compromising the public health, worker safety or the environment.

In total the projects hold some 53.7 million pounds of JORC-compliant uranium resource.

The DFS includes only the Ross and Kendrick resources, which total 21.8 million tonnes, highlighting the potential for future growth. “Unique competitive advantage” “We have been focused on methodically and efficiently applying the low pH ISR process to our flagship project,” Peninsula Energy managing director and CEO Wayne Heili said.“Peninsula has a unique competitive advantage in being […]

Uranium Energy Corp Confirms Intention to Acquire UEX Corporation

NYSE American: UEC

More than 38% of eligible UEX securities have already been tendered, as of this press release, with an overwhelming 93.7% voting in favour of the UEC transaction.

UEC offer of C$0.49 per UEX share is financially superior to the Acquisition Proposal submitted by Denison.

CORPUS CHRISTI, Texas, Aug. 5, 2022 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") announces that, further to its news release of July 28, 2022, it has advised UEX Corporation (" UEX ") that it is submitting a superior offer to the acquisition proposal made by Denison Mines Corp. (" Denison ") on July 28, 2022 (the " Denison Proposal ") for all of the issued and outstanding shares of UEX (" UEX Shares ").Under the terms of UEC’s revised offer (the " Revised UEC Offer "), each holder of UEX Shares […]

Uranium Energy Corp Confirms Intention to Acquire UEX Corporation

NYSE American: UEC

More than 38% of eligible UEX securities have already been tendered, as of this press release, with an overwhelming 93.7% voting in favour of the UEC transaction.

UEC offer of C$0.49 per UEX share is financially superior to the Acquisition Proposal submitted by Denison.

CORPUS CHRISTI, Texas, Aug. 5, 2022 /PRNewswire/ – Uranium Energy Corp. (NYSE American: UEC) (the " Company " or " UEC ") announces that, further to its news release of July 28, 2022, it has advised UEX Corporation (" UEX ") that it is submitting a superior offer to the acquisition proposal made by Denison Mines Corp. (" Denison ") on July 28, 2022 (the " Denison Proposal ") for all of the issued and outstanding shares of UEX (" UEX Shares ").Under the terms of UEC’s revised offer (the " Revised UEC Offer "), each holder of UEX Shares […]

NA Proactive news snapshot: Nomad Royalty, Logiq, TNR Gold, Blue Sky Uranium, Sidus Space, Bridgeline Digital, Silvercorp Metals UPDATE …

Your daily round-up from the world of Proactive Nomad Royalty Company Ltd announced it has received approval for its acquisition by Sandstorm Gold Ltd (TSX:SAND) from the Superior Court of Quebec. The court issued a final order approving the previously announced acquisition by way of a plan of arrangement in accordance with the Canada Business Corporations Act. Under the terms of the arrangement, Sandstorm will acquire all of the outstanding shares of Nomad for a consideration of 1.21 Sandstorm shares per Nomad share.

Logiq Inc posted second-quarter financial results that demonstrated that the digital consumer acquisition solutions company continued to pivot to higher-margin opportunities. For the period ended June 30, 2022, the New York-based company reported consolidated revenue of $4.9 million, down 40.4% from $8.3 million in 2Q 2021. Logiq explained that the revenue dip was due to a strategic shift to pursue a higher gross margin business, which resulted […]

Up 26% in a month, is the Paladin Energy share price on the comeback trail?

Up 26% in a month, is the Paladin Energy share price on the comeback trail?

The Paladin Energy Ltd (ASX: PDN) share price has gained 26.2% this past month as it makes a steep recovery from being down 20.53% year to date.

Shares in the uranium miner were trading 3.25% lower at 75 cents apiece at the close on Friday. But from a wider viewpoint, the Paladin Energy share price is outperforming the S&P/ASX 200 Energy Index (ASX: XEJ), up just 5.80% over the past month.

Let’s find out what might be driving the recent rally. Paladin restarts the Langer Henrich uranium mine

One major development stands out amid the Paladin Energy share price climb over the past month.In July, my Foolish colleague Bernd Struben reported that Paladin would restart uranium production in its Langer Henrich mine, located off Africa’s southwest coast in Namibia.Paladin’s profile on the Langer Henrich mine states it was placed under maintenance in May 2018 due to “unfavourable market conditions”. Cameco reported […]

Traction Uranium : FY2022 Q1 Management's Discussion and Analysis

Traction Uranium : FY2022 Q1 Management’s Discussion and Analysis

TRACTION URANIUM CORP.

(Formerly Traction Exploration Inc.)

Management’s Discussion and Analysis

For the Three Months Ended December 31, 2021Prepared as of February 28, 2022Management’s Discussion and AnalysisFor the Three Months Ended December 31, 2021 Prepared as of February 28, 2022The following management’s discussion and analysis ("MD&A") has been prepared by management. The following discussion of performance, financial condition and future prospects should be read in conjunction with the audited financial statements for the year ended September 30, 2021 and the unaudited condensed interim financial statements for the three months ended December 31, 2021 of Traction Uranium Corp. (formerly Traction Exploration Inc) ("Traction" or the "Company") and notes thereto. The information provided herein supplements but does not form part of the financial statements. This discussion covers the three months ended December 31, 2021 and the subsequent period up to the date of issue of this MD&A. Unless otherwise noted, all dollar amounts are […]