The DevEx Resources Ltd (ASX: DEV) share price is riding an enormous wave on Tuesday after announcing the discovery of high-grade uranium .

DevEx shares are currently swapping hands for 38.5 cents a share, 28.33% higher than yesterday’s closing price. Earlier today, the company’s shares hit 43 cents a share, an intraday spike of more than 43%.

The ASX minerals explorer seems to have struck early success at its 100%-owned Nabarlek Uranium Project.

Let’s get stuck into some further details on the company’s project milestone. What has DevEx found? The Nabarlek Uranium Project is located in Alligator Rivers Uranium Province in the Northern Territory.The Nabarlek uranium mine is considered Australia’s highest-grade uranium deposit with past production of 24Mlbs @ 1.84% U3O8. The DevEx drill campaign has uncovered the following uranium equivalent intercepts: 10.7m @ 1.20% eU3O8 from 123.4m, incl 3.2m @ 3.05% eU3O8 9.1m @ 0.15% eU3O8 from 50.5m, incl 0.4m […]

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is pleased to announce that is has filed an updated technical report for the Company’s 100% owned West Bear Project that includes an updated mineral resource estimate for the property.

The independent technical report and mineral resource estimate was completed by Qualified Persons Mr. James Hatley P.Eng. of Hatley Engineering and Applied Technologies Inc. (“Hatley Engineering”) and Mr. Fred Brown, P.Geo. Mr. Hatley and Mr. Brown are both considered to be Qualified Persons as defined by National Instrument 43-101. Both Mr. Hatley and Mr. Brown are considered independent of the company.

The West Bear mineral resource was determined using a cut-off grade of 0.14% CoEq. A total of 295,000 tonnes containing 3.763 million pounds cobalt at an average grade of 0.58% Co, and 3.164 million pounds nickel at an average grade 0.49% Ni are estimated in the indicated category.

Table 1 – West Bear Deposit Mineral Resource Estimates Category Grade Contained Metal […]

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Completing this supply agreement marks the first step of Ur-Energy’s strategic product marketing plan by which the Company intends to commit a portion of its future uranium production into term sales agreements with U.S. based nuclear utilities. This initial agreement calls for the annual delivery of a base amount of 200,000 pounds of uranium concentrates over a six-year period beginning in the second half of 2023. Sales prices are anticipated to be profitable on a Company-wide, all-in cost basis and are escalated annually from the initial pricing in 2023.

Ur-Energy believes this agreement reflects the U.S. utilities desire to support domestic uranium production from a proven producer. Pursuant to the Company’s request, the sales agreement is conditioned on Ur‑Energy securing additional contractual commitments to support a development decision. Ur-Energy is in ongoing discussions with other domestic utilities with the objective of layering in sufficient additional term offtake contracts to incentivize […]

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Summary

In H1 2022, Energy Fuels sold just 18 tonnes of TREO for $0.45 million and it expects to recover only 300 to 450 tonnes of TREO in 2022.

Energy Fuels recently announced the purchase of a REE project in Brazil, but mining and shipping material from another continent doesn’t sound economically feasible.

The company has secured three new long-term sales contracts with U.S. nuclear utilities, which means that it could be getting ready to restart uranium production soon. However, Energy Fuels’ only uranium project with grades above 0.5% is Pinyon Plain and it has measured and indicated resources of just 2.4 million pounds. Looking for a helping hand in the market? Members of Bears and Resources get exclusive ideas and guidance to navigate any climate. Learn More » davidf/iStock via Getty Images Introduction It’s been over 6 months since I last covered Energy Fuels Inc. (NYSE: UUUU […]

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ProPublica is a nonprofit newsroom that investigates abuses of power. This piece was originally published in The Weekly Dispatch, a newsletter that spotlights wrongdoing around the country. Sign up for it here .

Join us Aug. 16 for a live virtual event, “New Mexico’s ‘Death Map’: Uranium and Nuclear Energy in the U.S.”

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 from the cluster of colorful arrows, sits what residents believe is the cause of their sickness: 22.2 million tons of […]

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This article is co-published with ProPublica, a nonprofit newsroom that investigates abuses of power.

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 from the cluster of colorful arrows, sits what residents believe is the cause of their sickness: 22.2 million tons of uranium waste left over from milling ore to supply power plants and nuclear bombs. Neighbors created the “death map” to highlight cancer cases in New Mexico’s Murray Acres and Broadview Acres communities. “We were sacrificed a long time […]

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A diamond drilling program to verify HAR’s historical results at Saraya will begin in September 2022. Pic: Getty Images share

HAR’s flagship Saraya uranium target identified as ‘highly prospective’

MM1 receives high-grade lithium results at Newington Project

GED has the drill bit spinning at the ‘VERY’ high-grade Khusib Springs Copper-Silver deposit in Namibia Here are the biggest small cap resources winners in early trade, Monday August 8. HAR listed on the ASX earlier this year with a bunch of uranium and gold projects up its sleeve in West Africa.Included in our ‘dirt cheap ASX uranium stocks with upside’ yarn , HAR’s advanced-stage and large greenfields exploration project, Saraya, has been identified as a ‘highly prospective’ uranium target following a review of historical drilling.Significant equivalent uranium intersections not previously reported from historical drilling include 47.8m at 1,630ppm eU from 72.4m, 46.2m at 1,548ppm eU from 42.2m, 10.1m […]

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Terra Uranium is seeking to raise a minimum of $6 million through its offer of 30 million shares at $0.20 each. The company will trade on the ASX under ticker code ‘T92’. The targeting of greenfield discoveries and brownfield developments close to existing production infrastructure will be the order of business for junior explorer Terra Uranium when it plans to list on the Australian Securities Exchange (ASX) later this month.

The company is determined to play a role in a clean carbon-free economy by chasing the uranium potential of Canada’s prolific Athabasca Basin led by a management team based locally in Canada..

Terra was established in mid-2021 with 17 claims forming the 100% wholly-owned HawkRock, Parker Lane and Pasfield Lake projects.

Together, they cover 775 square kilometres on the eastern side of the basin and are approximately 50km to the west of multiple operating uranium mills, mines and known deposits. Initial public […]

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The following discussion and analysis should be read in conjunction with our unaudited condensed consolidated financial statements for the three and six-month period ended June 30, 2022 (the "Quarter"), and the related notes thereto, which have been prepared in accordance with U.S. GAAP. Additionally, the following discussion and analysis should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the audited consolidated financial statements included in Part II of our Annual Report on Form 10-K for the year ended December 31, 2021. This Discussion and Analysis contains forward-looking statements and forward-looking information that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors. See section heading "Cautionary Statement Regarding Forward-Looking Statements," above. While the Company has established the existence of multiple Mineral Resources and extracts and processes […]

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www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated.

David Cates, President and CEO of Denison commented, "During the second quarter, Denison capitalized on rising uranium prices with the sale of the Company’s share of Canadian-origin production received from the successful SABRE mining test completed by the McClean Lake Joint Venture (‘MLJV’) in 2021. The SABRE test resulted in the production of over 175,000 lbs U 3 O 8 . By comparison, this test production represents over eight times the total mine production of uranium reported in the United States for 2021 – highlighting the importance of new sources of low-cost Canadian uranium supply as the global uranium market grapples with sanctions and self-sanctioning against Russian uranium supplies and […]

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MarcelC/iStock via Getty Images Uranium is crucial to the world’s energy security and decarbonization plans. While I believe NexGen Energy Ltd. (NYSE: NXE ) has the best uranium development project in Arrow, it’s currently stuck in Lassonde limbo with near-term risks skewed to the downside. It trades at 0.7 NAV, which is a fair price for a developer that still needs to finance construction. However, I would be a buyer of NexGen on any significant market correction. Background

NexGen Energy is a uranium exploration and development company primarily focused on advancing the ‘Rook I Project/Arrow Deposit’ ("Arrow") in Southwestern Saskatchewan.

The Arrow project is one of most advanced uranium development projects in the world and has measured mineral resource of 2.18 million tonnes ("MT") at 4.35% U3O8 and indicated resource of 1.57 MT @ 1.36% U3O8 for a total of 257 million lbs of M&I resources (Figure 1). Figure 1 […]

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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.

Under the terms of UEC’s revised offer (the " Revised UEC Offer "), each holder of UEX Shares will now receive 0.0890 of one common share of UEC (a " UEC Share ") for each UEX Share held, implying consideration of approximately C$0.49 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 5, 2022. The Revised UEC Offer also increases the break fee by 7%, which is an increase proportional to the percentage increase in the offered exchange ratio under […]

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‘Garimpeiro’ columnist Barry FitzGerald has covered the resources industry for +35 years. share

Lots of talk again at the Diggers & Dealers bash in Kalgoorlie about the “green” metals needed in the global decarbonisation effort.

Metals that used to be just metals – like nickel, cobalt, manganese, lithium, copper and so on – are now promoted as critical to decarbonisation.

Fair enough, remakes of an industry as big as the auto industry using lithium-ion batteries only come along once in a century or so. And then there is growth for the battery metals that is stepping up in a big way for the storage of renewable energy.But if the world is fair dinkum about tackling climate change, it is carbon emissions free uranium-fuelled nuclear power that stands ready to be a big part of the solution.The reasons behind nuclear power’s renaissance and what it means for the uranium market has been […]

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www.123rf.com Deep Yellow is operating as a significantly larger uranium company, following the successful merger with Vimy Resources.

The transaction, announced on 31 March 2022, combines two advanced, geographically diverse uranium projects, with a combined project portfolio placing Deep Yellow in a unique position as one of the few uranium companies globally with multi-asset exposure and development optionality to deliver its stated incentive-driven production target post-2025, given the necessary incentive uranium price. The completion of the merger has also consolidated a world-class exploration portfolio across two Tier-1 mining jurisdictions, particularly the highly prospective Alligator Project, able to support the Company’s ambitious strategy of establishing +10 Mlb production per annum.

Deep Yellow is now the only ASX-listed company with two advanced, near development ready uranium operations. The Tumas Project located in Namibia, will complete its DFS by end CY22 with potential to produce 3 Mlb U3O8 p.a.

The Mulga Rock Project located […]

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Merger Completed Creating a Standout Global Uranium Player Perth, Australia (ABN Newswire) – Today marks the first day Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is operating as a significantly larger uranium company, following the successful merger with Vimy Resources Limited (Vimy) announced on 31 March 2022.

The transaction, announced on 31 March 2022, combines two advanced, geographically diverse uranium projects, with a combined project portfolio placing Deep Yellow in a unique position as one of the few uranium companies globally with multi-asset exposure and development optionality to deliver its stated incentive-driven production target post-2025, given the necessary incentive uranium price. The completion of the merger has also consolidated a world-class exploration portfolio across two Tier-1 mining jurisdictions, particularly the highly prospective Alligator Project, able to support the Company’s ambitious strategy of establishing +10Mlb production per annum.

Deep Yellow is now the only ASX-listed company with two advanced, near development ready uranium […]

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Denison Mines logo (CNW Group/Denison Mines Corp.) TORONTO, Aug. 4, 2022 /CNW/ – Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended June 30, 2022. Both documents will be available on the Company’s website at www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. PDF Version

David Cates, President and CEO of Denison commented, "During the second quarter, Denison capitalized on rising uranium prices with the sale of the Company’s share of Canadian-origin production received from the successful SABRE mining test completed by the McClean Lake Joint Venture (‘MLJV’) in 2021. The SABRE test resulted in the production of […]

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Results Support Geological Model at Nearby Resting and Halfway Projects

New On-site Videos for the West McArthur Uranium Project Available on Website

Vancouver, British Columbia–(Newsfile Corp. – August 4, 2022) – CanAlaska Uranium Ltd. (TSXV: CVV) ( OTCQX: CVVUF) (FSE: DH7N ) ("CanAlaska or the "Company") is pleased to announce assay results from the winter 2022 drill program have confirmed the presence of high-grade nickel mineralization on the Manibridge project, located in the Thompson Nickel Belt, Manitoba (Table 1). The drill program successfully intersected high-grade nickel-sulphide mineralization in all six holes over a one-kilometre strike length within the shadow of the past-producing Manibridge mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977 (Figure 1). Figure 1 – Manibridge Project Location

Highlights from the drill program include: MNB004, which intersected 0.92% Ni eq. over 32.95 m , from 150.45 m, […]

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ASX uranium shares are “down materially and have completely decoupled with the other energy groups for no really good reason at all”, according to energy, mining, and commodities expert Ben Cleary.

Cleary is the portfolio manager of listed investment company (LIC) Tribeca Global Natural Resources Ltd (ASX: TGF).

In an interview with Livewire , Cleary said he was “very bullish” on uranium shares. What’s happening with ASX uranium shares?

Cleary said uranium shares have lost value recently but are well-positioned for a big future. This is especially because several governments have recently approved the commodity for energy generation.Cleary said: Uranium correlates very well with other energy commodities, whether it’s gas or coal or oil — as it should do because it’s obviously competing as an alternative energy source. However, year to date, uranium equities are down materially and have completely decoupled with the other energy groups for no really good […]

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→ The U.S. Solution to China’s Copper Grab (Ad) Uranium Energy SG Americas Securities LLC grew its stake in shares of Uranium Energy Corp. ( NYSEAMERICAN:UEC – Get Rating ) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,698 shares of the basic materials company’s stock after purchasing an additional 7,627 shares during the quarter. SG Americas Securities LLC’s holdings in Uranium Energy were worth $660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of Uranium Energy by 85.6% in the 4th quarter. State Street Corp now owns 27,131,990 shares of the basic materials company’s stock worth $90,892,000 after acquiring an additional 12,511,667 shares during the period. Mirae Asset […]

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Ur-Energy Inc. LITTLETON, CO / ACCESSWIRE / August 2, 2022 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (the "Company" or "Ur-Energy") has filed the Company’s Form 10-Q for the quarter ended June 30, 2022, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities at www.sedar.com .

Ur-Energy CEO, John Cash said, "2022 has been an exciting year for Ur-Energy thus far with several, recent notable developments. We have maintained a strong cash position as we continue to build-out header house 2-4 and its associated mine production unit, which will ultimately accelerate our ability to ramp up to full production when market conditions warrant. Initial field testing of our patented well installation technology has been successful and will continue into August when we expect to seek final agency approval if testing is completed successfully.

"Finally, I am happy to report that last week we responded to the Department […]

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