Category: Uranium

What happened

Uranium Energy (NYSEMKT: UEC) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET. So what

So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much mining at all — nor can it mine, profitably. Although UEC reported $23 million in sales last year, and $105 million through the […]

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Sulliden Mining Capital Inc. (TSX: SMC) (‘Sulliden’ or the ‘Company’) is pleased to announce it has entered into a share exchange agreement dated March 23, 2022, pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares of a private Ontario company (‘Privco’) from its shareholders, subject to the terms and conditions set out in the agreement.

Privco holds 965 uranium claims representing 51,035 hectares of concessions in the mining-friendly jurisdiction of Quebec. Most of the property is located in the Proterozoic Otish Supergroup. The claims represent a significant land position. Two of the three claim blocks surround the most advanced project in the district, the Matoush Deposit (owned by Consolidated Uranium Inc. (‘Consolidated’)), that displays a historical mineral resource consisting of 586,000 tonnes @ 0.954% U3O8 of indicated material and 1,686,000 tonnes @ 0.442% U3O8 of inferred material, at a cut off of […]

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This short seller has a point about UEC stock — but it might still be wrong.

What happened

Uranium Energy ( UEC 0.37%) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET.(0.37%) $0.01Current Price$2.73UEC Key Data Points Volume22,796,0828,847,906 So what So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much […]

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What happened

Uranium Energy ( UEC 0.37%) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET.

(0.37%) $0.01Current Price$2.73UEC Key Data Points Volume22,778,6808,733,031 So what So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much mining at all — nor can it mine, profitably. Although UEC reported $23 million in sales […]

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

DUBLIN, March 22, 2023 /PRNewswire/ — The "Research Report on China’s Uranium Resource Import 2023-2032" report has been added to ResearchAndMarkets.com’s offering. Research and Markets Logo In recent years, China has seen rapid development of nuclear power. By the end of 2022, China had 53 commercial nuclear power units in operation, with a total installed capacity of 55.6 million kilowatts. There are 23 nuclear power units under construction, with a total installed capacity of 24.19 million kilowatts. China’s installed capacity of nuclear power generation units under construction has remained the world’s largest for many years.

As China’s installed nuclear power capacity rises, so does the country’s demand for uranium resources. Since China’s indigenous uranium resources are poor, with total reserves of no more than 200,000 tons and high mining costs, China needs to import large amounts of uranium resources every year.

In 2021, China’s imports of uranium resources reached 13,613.9 tons, […]

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Sentiment toward nuclear energy continues to improve, and experts believe SMRs will play an important role in the industry’s future.

As nuclear energy and uranium continue to attract renewed attention from both investors and the general public, technological advances are bringing small modular reactors (SMRs) to the forefront.

SMRs vary in size and power, but are essentially smaller-scale versions of traditional nuclear reactors. Although it’s still early days, they’ve been praised by industry insiders for various reasons , including their size and relative simplicity.

During the latest Prospectors & Developers Association of Canada ( PDAC ) convention, several uranium companies and expert voices highlighted SMRs as a key component of the market moving forward. They also discussed the moment nuclear energy is having in the eyes of investors, and shared their thoughts on what’s needed to move the industry forward. Nuclear energy sentiment strong on PDAC floor “I think […]

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​In a wide-ranging interview for the World Nuclear News podcast, Bannerman Energy’s CEO Brandon Munro outlined the major changes in the global uranium and wider nuclear fuel sector as a result of the Russia-Ukraine war – and gives his advice on winning people over to nuclear energy. Brandon Munro (Image: @BannermanEnergy/Twitter) Here is an edited transcript of parts of the World Nuclear News podcast, which you can also listen to via the embedded player below or on any podcast players. The impact of the war on nuclear energy sector

"The conflict has had a profound impact, in the form of a reset of the importance of energy security. For the past 15 years, the only priority for decision makers when it came to energy, particularly in Europe, has been what I would call a distorted – because it ignored nuclear power – form of the decarbonisation imperative. […]

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Emmerson Resources Ltd (ASX:ERM) has stepped out the mineralised footprint at Tennant Creek’s Golden Forty target area, encountering more high-grade gold and base metals in the final holes of a 26-hole drill program on the tenure.

The Northern Territory-based project in Australia appears to be an emerging gold and base metals iron-oxide style discovery, centred on the Golden Forty magnetic anomaly.

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Brookside Energy Ltd (ASX:BRK) has notched up further success in the world-class Anadarko Basin oil and gas producing region of Oklahoma with the high-impact Wolf Pack 36-25-1S-4W SXH 2 Well performing above expectations.Wolf Pack, the company’s first development well and part of its Phase Two development drilling in the SWISH Area of Interest (AOI), has produced more than 40,000 barrels of oil equivalent (BOE) in just 30 days of early flow back with 80% oil plus gas and natural gas liquids. Read more Sage Potash closed […]

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Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – The Russia-Ukraine conflict has made energy security a major priority for the United States and Europe, and it’s supporting new investment and development in the nuclear energy sector and increased demand for uranium, according to Scott Melbye, Executive VP of Uranium Energy Corporation and President of the Uranium Producers of America.

“I think Russia-Ukraine really was a wake-up call globally, that energy security really is national security,” he said. “Germany has really stepped in it over the last 10-15 years, moving to this ‘energiewende’ energy policy, which was to move away from fossil fuels, move away from nuclear energy, and rely 100 percent on renewables. Instead what it’s resulted in are electricity prices […]

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In the past two weeks, I have notified readers in my weekly uranium sector round ups that the uranium price was displaying bearish reversal patterns. This has played out with not just uranium taking a dump, but energy as a whole.

Uranium is now at an important technical zone. The Sprott Uranium Physical Trust confirmed a head and shoulders reversal pattern with a breakdown below $16.40. We are seeing a bounce, but I suspect this will lead to a lower high taking us down one more leg to the support at the $14.50 zone. However the Global X Uranium ETF, URA, might have some positives for uranium bulls. This ETF sold off hard and has hit its support target at the $18.00 zone. In the past two trading days, we have seen daily candles with large wicks. This indicates that there are buyers here.

Major support zones tend to be the […]

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​In a wide-ranging interview for the World Nuclear News podcast, Bannerman Energy’s CEO Brandon Munro outlined the major changes in the global uranium and wider nuclear fuel sector as a result of the Russia-Ukraine war – and gives his advice on winning people over to nuclear energy. Brandon Munro (Image: @BannermanEnergy/Twitter) Here is an edited transcript of parts of the World Nuclear News podcast, which you can also listen to via the embedded player below or on any podcast players. The impact of the war on nuclear energy sector

"The conflict has had a profound impact, in the form of a reset of the importance of energy security. For the past 15 years, the only priority for decision makers when it came to energy, particularly in Europe, has been what I would call a distorted – because it ignored nuclear power – form of the decarbonisation imperative. […]

Click here to view original web page at www.world-nuclear-news.org

Vancouver, BC –News Direct– MarketJar Pixabay Russia’s state-owned nuclear power conglomerate, Rosatom, is suspected of supplying the Russian arms industry with components, technology, and raw materials for missile fuel. The military supplies were delivered to more than a half-dozen major weapon manufacturers, assisting Moscow’s ongoing assault on Ukraine. 1

This has increased the possibility that the US, and perhaps the European Union, will impose sanctions on Rosatom, which exports uranium for use in nuclear reactors.

The US is heavily reliant on Russian nuclear fuel, but American companies have some options if Rosatom is faced with sanctions.

After the Cold War ended, US and Russian leaders agreed that Russia would dismantle some of its nuclear weapons, downgrade the uranium and send it to the US to be repurposed and used in civilian nuclear reactors in what was known as the megaton to megawatt program. Over the course of the 20-year program, which […]

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JacobH Note: All amounts discussed are in Canadian Dollars, unless specified otherwise

Dodging stocks that completely collapse is becoming harder and harder for investors. While the indices have held up, many smaller companies have got annihilated. Fortunately, many stocks do present glaring red flags that we have been able to use to stay away. Uranium Royalty Corp. (NASDAQ: UROY ) (TSXV: URC:CA ) was certainly one of them. Almost exactly a year ago, we told people to ditch the euphoria of the Uranium run and head for the exits like The Road Runner . Keep in mind that in the two years leading up to that article UROY had delivered 500% returns. Data by YCharts But an insane valuation made us believe that this was yet another bubble of epic proportions. Since then UROY has wiped off a few smiles and the stock is now down 56% over the […]

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Vancouver, BC –News Direct– MarketJar Source: Getty Images Uranium was the only commodity to increase in value in February, as the price of nearly every other major raw material declined.

As the push to replace fossil fuels with lower-emission energy sources gains momentum, uranium has exited its decade-long downturn and professionals in the industry are excited about the sector’s future.

Japanese, French, South Korean, Indian, British, and American governments, among others, have all announced new nuclear energy projects and increased support for the sector over the last 18 months. New term contracts and spot purchases have also been made by utilities and financial institutions.

Sprott’s physical uranium trust keeps on buying spot pounds. As a result, utilities are less likely to be able to complete their order books by taking advantage of the discount between spot and contract pricing.The CEO of Sprott Inc, Whitney George, talked during an interview with BNN Bloomberg […]

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Vancouver, BC –News Direct– MarketJar Source: Getty Images Uranium was the only commodity to increase in value in February, as the price of nearly every other major raw material declined.

As the push to replace fossil fuels with lower-emission energy sources gains momentum, uranium has exited its decade-long downturn and professionals in the industry are excited about the sector’s future.

Japanese, French, South Korean, Indian, British, and American governments, among others, have all announced new nuclear energy projects and increased support for the sector over the last 18 months. New term contracts and spot purchases have also been made by utilities and financial institutions.

Sprott’s physical uranium trust keeps on buying spot pounds. As a result, utilities are less likely to be able to complete their order books by taking advantage of the discount between spot and contract pricing.The CEO of Sprott Inc, Whitney George, talked during an interview with BNN Bloomberg […]

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( MENAFN – News Direct) Vancouver, BC | March 15, 2023 09:00 AM Eastern Daylight Time Pixabay

Russia’s state-owned nuclear power conglomerate, Rosatom, is suspected of supplying the Russian arms industry with components, technology, and raw materials for missile fuel. The military supplies were delivered to more than a half-dozen major weapon manufacturers, assisting Moscow’s ongoing assault on Ukraine.1This has increased the possibility that the US, and perhaps the European Union, will impose sanctions on Rosatom, which exports uranium for use in nuclear reactors.The US is heavily reliant on Russian nuclear fuel, but American companies have some options if Rosatom is faced with sanctions.After the Cold War ended, US and Russian leaders agreed that Russia would dismantle some of its nuclear weapons, downgrade the uranium and send it to the US to be repurposed and used in civilian nuclear reactors in what […]

Click here to view original web page at menafn.com

Vancouver, BC –News Direct– MarketJar Pixabay Russia’s state-owned nuclear power conglomerate, Rosatom, is suspected of supplying the Russian arms industry with components, technology, and raw materials for missile fuel. The military supplies were delivered to more than a half-dozen major weapon manufacturers, assisting Moscow’s ongoing assault on Ukraine. 1

This has increased the possibility that the US, and perhaps the European Union, will impose sanctions on Rosatom, which exports uranium for use in nuclear reactors.

The US is heavily reliant on Russian nuclear fuel, but American companies have some options if Rosatom is faced with sanctions.

After the Cold War ended, US and Russian leaders agreed that Russia would dismantle some of its nuclear weapons, downgrade the uranium and send it to the US to be repurposed and used in civilian nuclear reactors in what was known as the megaton to megawatt program. Over the course of the 20-year program, which […]

Click here to view original web page at news.google.com

Vancouver, British Columbia, March 15, 2023 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE: URM) (FSE: IOR) ( OTCPK:FAUMF ) (the “Company”) is pleased to announce an updated Investor Presentation that covers the Company’s strategy for advancing its shareholder value as a North American uranium explorer in the growing uranium market. “The wave of global interest and investment in clean, nuclear energy is strengthening the positive outlook for uranium in both the near and long term,” said Shawn Balaghi, First American Uranium’s CEO. “We’re excited to be determining the potential of our uranium properties to become part of a secure, domestic supply chain, especially with uranium prices recently reaching their highest levels in over a decade.”

The Company’s Investor Presentation can be downloaded here: http://firstamericanuranium.com/wp-content/uploads/FAU-Corp-Presentation_comp_230310.pdf

The Investor Presentation includes timely information on the following:

Corporate Strategy: The Company is accelerating the exploration of its uranium project to take advantage of (a) […]

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FUELING THE FUTURE

CORPUS CHRISTI, Texas, March 15, 2023 /CNW/ – enCore Energy Corp. (" enCore " or the " Company ") (NYSE American: EU) (TSXV: EU) announced today that it has made a formal production decision for the resumption of uranium production from the Alta Mesa Processing Plant ("Alta Mesa" or "Plant) in early 2024. Alta Mesa will be enCore’s second producing location following resumption of uranium production at the South Texas Rosita Uranium Processing Plant ("Rosita") scheduled for 2023. enCore Energy Logo (CNW Group/enCore Energy Corp.) Work underway at the Alta Mesa Processing Plant includes the construction of equipment staging areas and drill pads in the fully permitted Production Authorization Area (PAA), planned for initial production due to its proximal location adjacent to the Plant. Development drilling, production and injection well installation will start this month. Concurrently, enCore’s technical staff are identifying equipment maintenance and limited repair […]

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

Mar 15, 2023 (The Expresswire) — The " Uranium Market " study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Uranium Industry is its growth rate. Many major technology players are [GoviEx, American Uranium Corp. Inc, Jinduicheng Molybdenum, Energy Resources of Australia Ltd, JOGMEC, AREVA, U3O8 Corp, BHP Billiton, Sinohydro, Orano, CNNC, Sinosteel, Cameco, China National Nuclear Corp, Kazatomprom] have been looking into Uranium as a way to increase their market share and reach towards consumers.

What is the Uranium market growth?

Uranium Market Size is projected to Reach Multimillion USD by 2029, In comparison to 2023, at unexpected CAGR during the forecast Period 2023-2029. Browse Detailed TOC, Tables and Figures […]

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GTI’s newly acquired drill data has placed Lo Herma well on the road towards a maiden uranium resource. Pic via Getty Images. share

GTI has scored a coup with the securing of about $15m in historical drill data for its newly staked Lo Herma project in the uranium-rich Powder River Basin, Wyoming.

Importantly for the company, the drill logs for 1,445 holes – representing about seven times the number of holes it has drilled to date in the entire state – demonstrate sandstone hosted uranium mineralisation with economic potential and could allow for the definition of an Inferred Resource at the project, within the next few months, without further drilling.

Not only could this save GTI Energy (ASX:GTR) the time and money it would otherwise have been required to invest in the project to achieve this milestone, it also sets the stage for more advanced exploration.Adding more uranium pounds at […]

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Bills introduced to US Congress suggest the banning of uranium imports from Russia is creeping ever closer.

-U3O8 spot market thin
-Term market nervous
-Bipartisan legislation introduced in the US Senate

The spot uranium market exhibited intermittent volatility last week, industry consultant TradeTech reports. The limited liquidity that has marked recent spot supply was evident as buyers entering the market early in the week were forced to pay higher prices, with the spot price rising US90c to US$51.40/lb by Tuesday.Once demand was satisfied, buying dried up, and sellers began offering lower prices. The net result was a US25c increase in TradeTech’s weekly spot price indicator to US$50.75/lb.In the term uranium market, uncertainty remains around geopolitical and jurisdictional risks as the US and other countries take action to institute additional sanctions against Russia. Utilities are moving forward to hedge against any potential disruption in nuclear fuel supplies from Russia.To that […]

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Nuclear power has its pros and cons. Right now, the U.S. is embracing its advantages.

Earlier this week, Georgia Power announced that its Vogtle Unit 3 reactor has safely reached ‘initial criticality.’ Don’t miss

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Cell Therapy Has Shown Near Miraculous Remission Rates In Cancer Patients, But The Growing Industry Relies On This Company – A Uniquely Positioned Ticker In The Weeds?

Cryoport Inc.

provides the life sciences industry with comprehensive supply chain solutions to support vital therapeutics. By offering a platform of end-to-end, fast and technologically advanced packaging and logistics services, Cryoport has filled a key need supporting cell and gene therapies.

In the biotech industry, the cell and gene therapy (CGT) market in particular has seen significant growth and has ample room to expand further given longer life expectancies and increasing demand for personalized medicine. Currently worth $18.61 billion, it has been forecasted by Precedence Research to grow at a compound annual growth rate (CAGR) of 22.41% to over $93 billion by 2030. This is in response to massive investment and innovation in the market that has seen 20 Food and Drug Administration […]

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

GTI’s newly acquired drill data has placed Lo Herma well on the road towards a maiden uranium resource. Pic via Getty Images. share

GTI has scored a coup with the securing of about $15m in historical drill data for its newly staked Lo Herma project in the uranium-rich Powder River Basin, Wyoming.

Importantly for the company, the drill logs for 1,445 holes – representing about seven times the number of holes it has drilled to date in the entire state – demonstrate sandstone hosted uranium mineralisation with economic potential and could allow for the definition of an Inferred Resource at the project, within the next few months, without further drilling.

Not only could this save GTI Energy (ASX:GTR) the time and money it would otherwise have been required to invest in the project to achieve this milestone, it also sets the stage for more advanced exploration.Adding more uranium pounds at […]

Click here to view original web page at stockhead.com.au