Category: Uranium

Vancouver, British Columbia–(Newsfile Corp. – November 15, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) (" Standard Uranium " or the " Company ") is pleased to report initial assay results from the 2024 exploration program at the Company’s Sun Dog Uranium Project (" Sun Dog ") located near Uranium City in northwestern Saskatchewan (Figure 1). Detailed mapping and prospecting across multiple target areas was completed ahead of the 2024 summer drill program, returning outcrop grab samples containing anomalous uranium up to 13.0% U 3 O 8 . The Project is currently under an earn-in agreement with Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (" Aero "), who have committed to Year 2 of the three-year earn-in option agreement (the " Option ") that was executed on October 20, 2023. Aero will commit a minimum of $2.0M in Year 2 exploration expenditures on […]

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(1min) zhongguo/E+ via Getty Images Uranium prices rose Friday after Russia announced temporary restrictions on the export of enriched uranium to the U.S., although uranium-related shares trade mixed after moving higher on the initial news.

Trading higher: Ur-Energy ( URG ) +3.6%, Denison Mines ( Recommended For You

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Vancouver, British Columbia–(Newsfile Corp. – November 15, 2024) – District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) (FSE: DFPP) (" District " or the " Company ") is pleased to highlight Swedish Parliament meeting records from the Committee on European Union (EU) Affairs on October 11, 2024.

These Swedish Parliament meeting records are of particular importance to District and its shareholders given the Company’s 100% ownership of the Viken Energy Metals Deposit in Sweden, which is amongst the largest deposits of uranium and vanadium, based on total historic mineral resources, in the world ( see January 15, 2024 news release ).

We continue to monitor Swedish political developments closely and continue to believe that the Government intends to lift the uranium moratorium. The Company awaits additional guidance from the Swedish Government as to the timing and content of legislation that could reinstate uranium mining and exploration in Sweden.

Recent Comments from the […]

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Mr. Jon Bey reports:

Vancouver, British Columbia–(Newsfile Corp. – November 15, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) (" Standard Uranium " or the " Company ") is pleased to report initial assay results from the 2024 exploration program at the Company’s Sun Dog Uranium Project (" Sun Dog ") located near Uranium City in northwestern Saskatchewan (Figure 1). Detailed mapping and prospecting across multiple target areas was completed ahead of the 2024 summer drill program, returning outcrop grab samples containing anomalous uranium up to 13.0% U 3 O 8 . The Project is currently under an earn-in agreement with Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) (" Aero "), who have committed to Year 2 of the three-year earn-in option agreement (the " Option ") that was executed on October 20, 2023. Aero will commit a minimum of $2.0M in Year 2 […]

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Vancouver, British Columbia–(Newsfile Corp. – November 14, 2024) – Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: UU3) ("Aero" or the "Company") is pleased to announce that, further to its news release dated October 16, 2024, the Company has closed its previously announced non-brokered private placement (the "Offering"). The Company issued an aggregate of 24,004,070 units for total gross proceeds of $2,034,218.85.

In connection with the completion of the Offering, the Company issued (i) 8,964,998 non-flow-through units of the Company (each, an "NFT Unit") at a price of $0.07 per NFT Unit; (ii) 7,637,500 flow-through units of the Company (each, an "FT Unit") at a price of $0.08 per FT Unit; and (iii) 7,401,572 charity flow-through units (each, a "CFT Unit") for aggregate gross proceeds of $2,034,218.85.

Each NFT Unit consists of one non-flow-through common share of the Company (each, a "Share") and one-half of one share purchase warrant (each […]

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Vancouver, British Columbia–(Newsfile Corp. – November 14, 2024) – Myriad Uranium Corp . (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce further results of equivalent uranium (eU 3 O 8 ) grades from drilling at the Copper Mountain Uranium Project in Wyoming, USA (Figure 1). Spectral gamma ray logging continues to confirm high-grade uranium mineralisation at the Canning Deposit area and provides strong validation of the historic work done by Union Pacific at Canning and across the Project. These results are still to be confirmed by chemical assay of core and reverse circulation samples being collected from the drilling. Chemical assay results may differ from spectral gamma ray results.

Highlights ⁠Drilling continues to return highly encouraging eU 3 O 8 results from the Canning Deposit area over a strike length of some 2,500 ft (~750 m).

Several intervals […]

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Snow Lake Resources (NASDAQ: LITM) announces positive preliminary results from eight reverse circulation drill holes at the Engo Valley Uranium Project in Namibia. Key findings include a mineralized intersection of 355 ppm eU3O8 over a 12-meter interval in drill hole ERCH002, and 137 ppm eU3O8 over a 20-meter interval in ERCH007. Five of eight holes drilled returned intersections above 100 ppm eU3O8. The company also initiated a winter drill program at its Snow Lake Lithium Project, which has a projected pre-tax NPV of USD$1.7 billion. The drilling program aims to confirm historical mineralization in sandstones and conglomerates through twinning of historical drill holes.

Positive Five out of eight drill holes showed uranium intersections above 100 ppm eU3O8

Strong mineralization results with 355 ppm eU3O8 over 12m interval in ERCH002

Additional mineralization of 137 ppm eU3O8 over 20m interval in ERCH007 Snow Lake Lithium Project has projected pre-tax NPV of USD$1.7 […]

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Winnipeg, Manitoba–(Newsfile Corp. – November 14, 2024) – Snow Lake Resources Ltd. , d/b/a Snow Lake Energy (NASDAQ: LITM) (" Snow Lake "), a uranium exploration company, announces positive preliminary results from the first eight reverse circulation drill holes on the Engo Valley Uranium Project in Namibia (the " Project "), and commencement of a winter drill program at the Snow Lake Lithium Project.

Highlights Winter drill program initiated at the Snow Lake Lithium Project (Preliminary Economic Assessment dated July 2023 projecting a base-case pre-tax NPV of USD$1.7 billion) 1

Mineralised intersection of 355 ppm eU 3 O 8 over a 12-meter (m) interval, associated with sandstone, observed from drill hole ERCH002, including a 3 m interval at 684 ppm eU3O8

Mineralised intersection of 137 ppm eU 3 O 8 over a 20 m interval, associated with sandstone, observed from drill hole ERCH007 Five of 8 holes drilled […]

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L1 Capital , an investment management firm, released its “L1 Long Short Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here . Over the quarter, global markets moved higher, due to lower inflation data which continued to trend downward as central banks increased interest rate reductions. The portfolio returned 2.4% for the quarter compared to a 7.8% return for the S&P/ASX 200 AI. Over the past five years, the portfolio return was 18.4% p.a compared to 8.4% p.a. for the index. In addition, you can check the fund’s top 5 holdings to know its best picks in 2024.

L1 Long Short Fund highlighted stocks like NNexGen Energy Ltd. (NYSE: NXE ), in the third quarter 2024 investor letter. NexGen Energy Ltd. (NYSE:NXE) engages in the acquisition, exploration, and evaluation and development of uranium properties. The one-month return of NexGen Energy Ltd. (NYSE:NXE) was -5.35%, […]

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VANCOUVER, British Columbia, Nov. 13, 2024 (GLOBE NEWSWIRE) — SAGA Metals Corp. (" TSXV: SAGA ”) (" FSE: 20H” ) (" SAGA ” or the " Company ”), a North American exploration company focused on discovering critical minerals, is pleased to announce its plans for a maiden drill program at the Double Mer Uranium project.

Key Highlights for the maiden drill program at the Double Mer Uranium Project: Maiden Drill Program: SAGA’s first drilling initiative at Double Mer will focus on the Luivik zone , the westernmost area of an 18 km uranium trend identified through surface sampling and radiometric surveys. This program will assess the zone’s uranium potential, laying the groundwork for further exploration.

Potential Uranium-Rich Targets: Three primary targets have been identified along the 18 km trend, with Luivik as the first focus. This zone shows promising […]

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PALM BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The uranium ore market is expected to continue substantial growth over the next several years. A report from the Business Research Company said: “The uranium ore market size has grown strongly in recent years. It will grow from $1.11 billion in 2023 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. It continued: “The uranium ore market size is expected to see strongly grown in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to government policies and incentives, focus on carbon emission reduction, geopolitical stability, exploration and discovery of new uranium deposits, public perception and social acceptance. Major trends in the forecast period include advancements in nuclear […]

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Skyharbour Resources has entered into an option agreement with Mustang Energy for its 914W Uranium Project in Saskatchewan’s Athabasca Basin. Under the agreement, Mustang can acquire a 75% interest by issuing CAD $480,000 in shares, making CAD $275,000 in cash payments, and spending CAD $800,000 on exploration over three years.

The 914W Project spans 1,260 hectares, located 48 km southwest of Cameco’s Key Lake Operation. The property is underlain by Wollaston Supergroup rocks, known for hosting uranium mineralization. Despite its strategic location and promising geology, the project remains underexplored. Historical exploration revealed uranium occurrences nearby, with values up to 1,288 ppm U in drilling and 0.64% U3O8 in surface trenching.

Positive Option agreement provides up to CAD $1.555 million in total value through cash, shares, and exploration commitments

Company retains 2% NSR royalty with buyback provision for CAD $1 million Property has strategic location near established infrastructure (Highway 914) Historical exploration […]

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Skyharbour Resources Ltd logo Vancouver, BC, Nov. 13, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into an option agreement (“Agreement”) with Mustang Energy Corp. (the “Optionee” or “Mustang”), whereby the Optionee may acquire a 75% interest in the Company’s 914W Uranium Project (the “Property”). The Property consists of a total of one mineral claim covering approximately 1,260 hectares located in the Athabasca Basin, Northern Saskatchewan.

Terms of the Agreement:

Pursuant to the Agreement, Mustang may acquire a 75% interest in the Property by (i) issuing common shares in the capital of the Optionee (“Shares”) having an aggregate value of CAD $480,000; (ii) making aggregate cash payments of CAD $275,000; and (iii) incurring an aggregate of CAD $800,000 in exploration expenditures on the Property over a three-year period, as […]

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Mr. Nicholas Luksha reports:

VANCOUVER, British Columbia, Nov. 13, 2024 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE:MEC, OTC:MECPF, FRA:92T) (“ Mustang ” or the “ Company ”) is excited to announce that it has entered into a strategic option agreement (the “ Agreement ”) with Skyharbour Resources Ltd. (TSX-V: SYH) (“ Skyharbour ”) dated November 12, 2024 to acquire an undivided 75% interest (the “ Option ”) in Skyharbour’s 914W Uranium Project (the “ 914W Project ”), located in the Athabasca Basin of Northern Saskatchewan. The Option marks an important step for Mustang as it seeks to expand its presence in a promising uranium district. Additionally, Mustang is pleased to welcome Jordan Trimble, President and CEO of Skyharbour, as a Strategic Advisor to the Company, bringing valuable industry insights and expertise to Mustang’s growing portfolio.

“Being granted the Option to acquire a majority interest in the 914W Uranium Project is […]

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VANCOUVER, BC / ACCESSWIRE / November 13, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to provide an update on its Falcon property ( "Falcon") target generation efforts. In September 17 and October 10, 2024 , news releases, the Company summarized work being done at its West Bear and Falcon properties with emphasis on Zones 1 and 2 at Falcon. This news release summarizes targeting efforts being undertaken in Zone 3 at Falcon ( Figure 1 ).

FALCON TARGET GENERATION

Falcon is located approximately 30 kilometres east of the active Key Lake uranium mill and former mine at the eastern margin of the Athabasca Basin in Saskatchewan. Between 1983 and 2002 the Key Lake Mine produced a total of 209.9 million lbs. of U 3 O 8 at an average grade of over 2.0% 1 . The uranium discovery […]

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By James Pearson

November 12, 2024 — 5.49pm , register or subscribe to save articles for later. Save articles for later

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8 minWith uranium exploration and production activity in the United States dawning on a new age, driven by rampant yellow cake prices and energy security concerns, several companies are now expanding operations across the key producing regions of Wyoming, Texas, Colorado and New Mexico in efforts to meet future expected demand.One such player with big ambitions in the space is the US pink sheet, or “OTC” listed junior, Tonogold – shortly to be renamed Uranium American Resources. Fieldtrip: Uranium American Resources personnel reviewing the Stateline historic uranium mining region on the border of Colorado and Utah in the US. The company recently picked up a suite of relatively advanced uranium projects in […]

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A red rear light sits illuminated on rail trucks loaded with rocks containing uranium ore. PALADIN Energy has cut uranium oxide production guidance after running into ramp-up problems at its Langer Heinrich mine in Namibia.

The Sydney-listed firm said on Tuesday it now expected to mine one million to 1.5 million pounds (lbs) less of uranium oxide than planned owing to grade variability of stockpiled ore and water shortages at the site.

A new production forecast of between three million to 3.5m lbs of uranium oxide (compared to four million to 4.5m lbs previously) has been set by the company. All other guidance, including total costs, had been withdrawn, it added. As of October the cost of production was $44/lb compared to a $28 to $31/lb target set out in June .

Shares in Paladin fell heavily following the update, closing down nearly 29% and taking year-to-date losses to just under 32%.“Paladin […]

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Stallion Uranium (TSXV:STUD) intends to acquire a 100 per cent interest in its Horse Heaven gold and antimony project in Idaho

This marks a significant move for the miner that encompasses 699 mineral claims covering a 58.17 square kilometre land package

The agreement outlines a structured payment plan that includes C$200,000 in cash upon signing the binding letter of intent, C$200,000 in cash on the effective date of the option agreement, C$2 million in common shares of the optionor at a deemed price of $0.18 per share on the effective date, and an additional C$200,000 in cash on the first anniversary of the effective date

Stallion Uranium stock (TSXV:STUD) last traded at $0.05 Stallion Uranium (TSXV:STUD) intends to acquire a 100 per cent interest in its Horse Heaven gold and antimony project in Idaho.This marks a significant move for the miner that encompasses 699 mineral claims covering a 58.17 […]

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Major uranium producer Cameco ( TSX : CCO ,NYSE:CCJ) shared its third quarter results on Thursday (November 7), reporting a strong performance despite production setbacks at its Kazakhstan operations.

The company reported uranium production of 4.3 million pounds, up 43 percent from the year-ago period. Sales volumes came in at 7.3 million pounds, relatively flat from 7 million pounds in Q3 2023.

Revenue stood at $721 million, a 75 percent increase year-on-year. Cameco’s net earnings attributable to shareholders were $7 million, a decrease of 95 percent from the $148 million seen 12 months ago.

"Third quarter results reflect normal quarterly variations in sales volumes, as well as delayed sales for Joint Venture Inkai due to continued transportation challenges, and the ongoing impact of purchase accounting for Westinghouse," Cameco said. The company owns Inkai in a partnership with top uranium miner Kazatomprom (LSE: KAP ,OTC Pink:NATKY).Explaining Inkai’s status, the company said that […]

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Toronto, Ontario and Nucla, Colorado, Nov. 08, 2024 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce that it is engaging A.G.P. Canada Investments ULC (" A.G.P. Canada ") to act as sole agent and bookrunner for the Company on a “best efforts” agency basis in connection with a brokered private placement financing of up to 4,166,666 units (each, a “ Unit ”) at a price of CAD $1.32 per Unit for aggregate gross proceeds of up to CAD $5,500,000 (the “ Offering ”), subject to a 15% discretionary overallotment increase. Each Unit to be placed in the Offering will be comprised of one common share and one common share purchase warrant, with each warrant being exercisable for one common […]

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Elemental Royalties Mr. Glen Macdonald reports:

VANCOUVER, British Columbia, Nov. 08, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the “ Company ” or “ Stallion ”) (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) announces that, further to its news release of October 9, 2024 and October 30, 2024, the Company has entered into a definitive agreement (the “ Option Agreement ”) with 1503571 B.C. Ltd. (the “ Optionor ”), an arm’s-length party, on revised terms pursuant to which the Company has granted the Optionor the option to acquire a 100% interest (the “ Option ”) in its Horse Heaven Gold and Antimony project consisting of 699 mineral claims covering 5,817 ha located in Idaho, United States (the “ Property ”).

Pursuant to the terms of the Option Agreement, the Optionor may acquire 100% of the issued and outstanding common shares (the “ Horse Heaven Parent Shares ”) of 1262446 B.C. Ltd. (“ […]

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Denison Mines reported Q3 2024 results highlighting progress on its Phoenix In-Situ Recovery uranium mining operation . Engineering completion reached 45%, with $21 million in milestone payments or commitments made for initial project capex. The company reports near completion of the Federal review process for the Wheeler River Environmental Impact Statement. Key developments include signing benefit agreements with Kineepik Métis Local #9 and Pinehouse Lake, and an option agreement with Foremost Clean Energy for 10 non-core uranium exploration properties worth up to $30 million in combined value.

Positive Engineering completion at 45% for Phoenix project, on track for 2027/2028 production

$21 million in milestone payments/commitments secured for initial project capex

Federal regulatory review process nearing completion with most information requests resolved Option agreement with Foremost Clean Energy potentially worth $30 million Negative None. Insights The Q3 2024 report highlights significant operational progress at Denison Mines. The Phoenix ISR project has […]

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Cameco (TSX:CCO) raised its 2024 uranium production forecast to 23.1 million pounds driven by higher output from McArthur River/Key Lake

The company is in a position to benefit from growing global support for nuclear power

Cameco’s strong cash flow generation also supports a conservative capital allocation strategy, including effective debt management and the prepayment of a significant portion of its loan used to acquire Westinghouse

Shares of Cameco are up 4.60 per cent to C$74.79 as of 10:39 a.m. ET Cameco Corporation (TSX:CCO) reveals its financial and operational results for the third quarter ended Sept. 30, 2024, highlighting an increase in its 2024 uranium production.In a press release, CEO Tim Gitzel highlighted the company’s return to a “tier-one cost structure,” driven by strong operational performance, stable uranium prices, and increasing cash flow generation.“The marketing and operational decisions set the stage for the financial element of our strategy, under which […]

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Vancouver, BC, Nov. 07, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce the commencement of its fall diamond drilling program at the 73,294 hectare Russell Lake Uranium Project (“Russell” or the “Project”). The Project is 51% owned by Skyharbour as operator with joint-venture partner Rio Tinto Exploration Canada Inc. (“RTEC”) owning the other 49%. It is strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan with access to regional infrastructure including an all-weather road and powerline. Skyharbour is planning a 4,500-metre diamond drilling program in seven to nine holes at the project, building on the successful results from the drilling campaign completed earlier this year. The Company’s geologists, along with a contracted drilling crew, are based at Skyharbour’s exploration camp on the McArthur River-Key Lake haul road, situated within five […]

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VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) — Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (the “ Company ” or “ Mustang ”) is pleased to announce that it has applied for exploration permits on its Yellowstone and Dutton projects in northern Saskatchewan. The applications, recently submitted to the Saskatchewan Ministry, represent Mustang’s commitment to advancing these uranium projects located within the Athabasca Basin, Saskatchewan. With these permit applications, Mustang aims to initiate exploration activities aimed at further assessing the viability of the projects.

In addition to the Yellowstone and Dutton permit applications, Mustang is also expecting imminent exploration permits for its Cigar Lake East and Roughrider South projects located in the eastern Athabasca Basin region. Forthcoming permits for these two projects will enable Mustang to begin ground-based exploration activities. With the successful approval of exploration permits, Mustang looks forward to launching ground-based exploration activities in 2025.

“We […]

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