Category: Uranium

Multinational mining and metals processing group, Sibanye-Stillwater (JSE: SSW and NYSE: SBSW) has agreed to sell its Beatrix 4 shaft, which includes the Beisa uranium project, to Neo Energy Metals Plc. Neo Energy will develop the Beisa uranium project, while Sibanye-Stillwater will retain exposure to both the project and a listed junior uranium company. This move crystalises value for Sibanye-Stillwater shareholders and fast-tracks the possible development of the uranium project, without extending the miner’s balance sheet. Neo Energy is a uranium exploration and development company listed on the main board of the London Stock Exchange (LSE) and dual-listed in South Africa on the A2X market. The Beisa uranium project, located at the Beatrix 4 shaft in the Free State Province of South Africa, accesses the Beisa uranium reef through the upper sections of the Beatrix 4 shaft infrastructure.

Beatrix 4 shaft was placed on care and maintenance by Sibanye-Stillwater in […]

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private placementRhea-AI Summary Standard Uranium (TSXV: STND) has closed the first tranche of its non-brokered private placement, raising $700,000 in gross proceeds. The company issued 7,000,000 flow-through units at $0.10 per unit, with each unit including one common share and half a warrant exercisable at $0.15 until December 10, 2026.The funds will support exploration programs on three 100% owned uranium projects in the eastern Athabasca Basin: Atlantic, Rocas, and Corvo. Planned activities include high-resolution geophysical surveys, ground gravity studies, and electromagnetic surveys to identify uranium-bearing corridors and refine structural targets.Additionally, the company announced that Mamba Exploration has withdrawn from the Canary Project earn-in option agreement, returning 100% ownership to Standard Uranium.Positive Secured $700,000 in financing through first tranche closing 100% ownership retained of Canary Project following Mamba’s withdrawal Portfolio includes over 233,000 acres of uranium exploration properties Negative Loss of strategic partner Mamba Exploration for Canary Project development […]

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Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, including the Beisa uranium project, to Neo Energy Metals Plc for R500 million (approximately $28 million). Neo Energy will manage the Beisa project’s development, while Sibanye-Stillwater will maintain a stake in future uranium production.

The company has acquired a 40% stake in Neo Energy, with a total consideration of R500 million, split equally between cash and newly issued shares. The company will receive royalties on uranium sold from the Beisa project, with rates varying based on spot price and capped at $5 per pound. Neo Energy will also take on rehabilitation and environmental responsibilities.

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Sibanye-Stillwater and UJ launch R43m mining facility
The Beatrix 4 shaft had been placed on care and maintenance in 2023 due to declining gold reserves and low uranium prices, which have since rebounded, peaking at $106 per pound in January 2024. While not […]

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Interactive stock chart provided by quotemedia Price Volume Oct 2024Nov 2024Dec 20240.20.301 200k© quotemedia Cosa Resources Corp. (COSA:TSXV; COSAF:OTCQB; SSKU:FSE) has received conditional approval from the TSX Venture Exchange for its acquisition of a 70% interest in a portfolio of prospective uranium projects from Denison Mines Corp . The acquisition includes three highly promising assets: the Murphy Lake North, Darby, and Packrat projects, all located in Saskatchewan’s Athabasca Basin, a globally renowned region for high-grade uranium deposits. This transaction underscores Cosa’s strategic focus on advancing uranium exploration in one of the world’s most resource-rich areas.

Cosa’s shares resumed trading on the TSX Venture Exchange on December 2 after being temporarily halted following the initial announcement of the transaction. The deal includes the issuance of 14,195,506 Cosa shares to Denison, representing a 19.95% post-transaction stake, along with US$2.25 million in deferred shares to be issued over five years. The company anticipates […]

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JSE- and NYSE-listed Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, in the Free State, to LSE-listed uranium exploration and development company Neo Energy Metals for R500-million in cash and shares.The transaction includes the Beisa uranium project , located at the Beatrix 4 shaft. The project accesses the Beisa uranium reef through the upper sections of the Beatrix 4 shaft infrastructure .“It’s quite a big deal and really allows us to consolidate in the region and look at becoming a producer,” Neo chairperson Jason Brewer told Mining Weekly .Beatrix 4 shaft was placed on care and maintenance by Sibanye-Stillwater in 2023 primarily owing to declining gold reserves and a depressed uranium price, which has subsequently recovered, peaking at $106/lb in January. Sibanye believes that the outlook for the uranium market remains positive.Although the Beisa […]

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Русская версия Uranium mining in Kazakhstan — Incai Joint venture. Photo: cameco.com One of the world’s largest uranium producers does not see low uranium prices in the future. Canadian Cameco believes that the products will not fall below the prices of 2023-2024, $ 70 per pound, and may rise to $ 130.

Canadian Cameco does not see low uranium prices either in the near future or in the long term. There is not enough capacity to meet the growing demand, according to one of the world’s largest uranium producers. And the ban on the import of Russian low—enriched uranium to the United States is one of the reasons. "The question is, how easy will it be to abandon it (Russian uranium) in the period up to 2028? This causes some uncertainty in the market or, let’s say, some pause on the part of some fuel buyers. But if you step […]

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Urano Energy Corp. Logo (CNW Group/Urano Energy Corp.) CSE: UE
OTCQB: UECXF
www.uranoenergy.com

VANCOUVER, BC, Dec. 5, 2024 /CNW/ – Urano Energy Corp . (CSE: UE) (OTCQB: UECXF) ( the "Company" or "Urano Energy") announced today that it has completed the acquisition of fifteen uranium properties (the "Properties") as previously announced ( UE News Release dated Nov 27, 2024 ). The properties, with a total of 345 claims covering 8,200 acres, or 33 square kilometers, are situated within the Colorado Plateau geological region within the states of Utah and Colorado. Fourteen of these properties have a history of production, with over two dozen former mine portals and shafts among them. All properties have known mineralization that are located in three major mining districts, the Uravan Mineral Belt, La Sal and Lisbon Valley Districts.

The acquisition of the Properties adds significantly to the Company’s growing uranium portfolio. Prior to the acquisition, […]

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TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) — Sprott Asset Management LP ("Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the "Trust” or "SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that it has added additional sales agents to its at-the-market equity program (the "ATM Program”) to issue up to US$1.0 billion of units of the Trust ("Units”) in Canada.

Distributions under the ATM Program will now be completed in accordance with the terms of an amended and restated sales agreement (the "A&R Sales Agreement”) dated December 6, 2024 between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald Canada Corporation ("CF&Co”), Virtu Canada Corp. ("Virtu”), BMO Capital Markets ("BMO”) and Canaccord Genuity Corp. ("Canaccord” and, together with CF&Co, Virtu and BMO, the "Agents”). […]

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Uranium Energy Corp.

Equities

UEC

US9168961038 Uranium 5-day change 1st Jan Change 8.530 USD -0.47% +5.44% +33.28% Dec. 06 Uranium Energy Closes Acquisition of Rio Tinto’s Wyoming Assets MT Dec. 06 Uranium Energy Corp. completed the acquisition of Kennecott Uranium Company and Wyoming Coal Resources Company from Rio Tinto America Inc. CI Summary Quotes Charts News Company Financials Valuation Consensus Ratings Calendar All News Analyst Reco. Highlights Insiders Transcripts Press Releases Official Publications Other languages Trading Ideas MarketScreener Strategies This article is reserved for members To unlock the article, REGISTER! 100% Free Registration Already a customer? Log In Latest news about Uranium Energy Corp. 13h ago MT Uranium Energy Corp. completed the acquisition of Kennecott Uranium Company and Wyoming Coal Resources Company from Rio Tinto America Inc. Dec. 05 CI Uranium Energy Corp. […]

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Uranium has broken out in 2024, with the spot price rising to a 17 year high of US$106 per pound earlier in the year year. Despite a pullback to about US$78, pricing for uranium is still 45 percent higher than it was 18 months ago.

Although the market’s turnaround has taken time, experts are predicting a bright future as countries around the world pursue clean energy goals. Against that backdrop, ASX-listed uranium companies have been making moves in 2024.

Below the Investing News Network has listed the top-performing uranium shares on the ASX by year-to-date gains. Data was gathered using TradingView’s stock screener on November 28, 2024, and all companies included had market caps above AU$10 million at the time. Read on to learn more about these firms and what they’ve been up to so far this year. 1. Laramide Resources (ASX:LAM)

Company Profile Year-to-date gain: 14.19 percent Market […]

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HIGHLIGHTS Surficial mapping was conducted as part of the 2024 Angilak Exploration Program that focused on areas strictly proximal to the Lac 50 Deposit and achieved its objective of discovering high-grade uranium mineralization on surface beyond the extents of the Lac 50 Deposit’s Exploration Target Model;

High-grade surficial uranium mineralization was identified between Lac 48, Lac 50, Lac 52, and Lac 54 trends, collectively known as the Lac 50 Deposit, along prospective new parallel trends;

Discovery of outlined outcrops containing high-grade uranium mineralization along strike from the Lac 50 Deposit provide basis for future exploration and significantly de-risk expansion efforts;

A zone of extensive bedrock outcrop with radioactivity up to >60,000 counts per second (cps) – >10,000 cps is indicative of high-grade uranium mineralization – was identified over a 3-kilometre strike length. The new discovery is located between the Mushroom Lake zone on the Lac 52 […]

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CopperEx Resources Selected Quarterly Highlights Successfully restarted operations and commenced ramp-up at the Christensen Ranch In-Situ Recovery Mine in Wyoming’s Powder River Basin. Transportation of uranium loaded resin has begun from the Christensen Ranch Satellite Plant to the fully operational Irigaray Central Processing Plant. Dried and drummed concentrate production is expected at the Irigaray Plant in early 2025.

Significantly expanded permitted production capacity at the Irigaray Plant to 4.0 million pounds of U 3 O 8 per year.

Initiated construction of the Burke Hollow Ion Exchange Facility and accomplished additional infrastructure advancements at the project, including the first production area.

Completed an Initial Economic Assessment for the world class Roughrider Project in Canada’s Eastern Athabasca Basin, supporting a post-tax estimated net present value of $946 million, with all in sustaining costs $20.48 per pound U 3 O 8. The assessment shows a projected internal rate of […]

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Generate an image displaying the concept of a surge in uranium stocks in high definition. The image should visually represent the upward trend of stocks related to uranium, perhaps with a detailed image of a stock market chart showing an upward curve. Additionally, depict the concept of ‘going nuclear’, possibly with symbols or representations of nuclear energy, like an atom or a nuclear power plant, all captured in a realistic style. Cameco Corporation’s Shares Soar in November

In November, Cameco Corporation, a major player in the uranium and nuclear energy sector, witnessed its shares climb by an impressive 15.2%. This notable increase aligns closely with a positive third-quarter earnings report and growing confidence in nuclear energy as a sustainable power source.

Strong Financial Performance in Q3

Cameco’s recent financial results have been promising, with adjusted EBITDA experiencing a significant rise of 32%, reaching $308 million compared to the prior […]

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Tonogold Resources (OTC Pink:TNGL), soon to be rebranded as Uranium American Resources Inc. , has expanded its uranium and vanadium portfolio across three strategic projects in the western-central USA. Key developments include:

– Expansion of the Sky Property in Wyoming by 1,285 acres, building on existing 57 patented mining claims with historic resources of over 1M lbs U₃O₈

– Stateline Project sampling revealed high-grade mineralization with scintillometer readings up to 45,200 cps, showing >1% uranium and >1% vanadium

– Marysvale Project in Utah has historic resource estimates of up to 2.9 million lbs of U₃O₈The company plans a 1-for-15 reverse stock split and has appointed new leadership, with over 80% of CLN holders converting into the new uranium/vanadium program.Positive Expansion of Sky Property with additional 1,285 acres High-grade uranium and vanadium mineralization discovered at Stateline Project (>1% for both) Historic resource estimate of 2.9 million lbs U₃O₈ at Marysvale Project 80% of […]

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NexGen Energy Ltd.

Equities

NXE

CA65340P1062 Uranium Market Closed – Toronto S.E. 04:00:00 2024-12-04 pm EST 5-day change 1st Jan Change 11.68 CAD +2.10% +0.26% +26.00% Dec. 04 Toronto Stocks Edge Higher; Dollarama Shares Down on Costly Distribution-Center Plans DJ Dec. 04 NexGen inks uranium sales agreements with major US utilities RE Summary Quotes Charts News Company Financials Valuation Consensus Calendar Sector All News Analyst Reco. Highlights Insiders Transcripts Press Releases Official Publications Other languages Trading Ideas MarketScreener Strategies ShareNexGen Energy Ltd. announced it has been awarded the first uranium sales agreements with multiple leading US nuclear utility companies. These inaugural awards all incorporate market-related pricing mechanisms at the time of delivery. They reflect NexGen’s long stated focus of maximizing leverage to future uranium prices and the Company’s positioning as a new reliable Western […]

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NexGen Energy (TSX: NXE) has secured its first uranium sales agreements with major US nuclear utility companies, covering 5 million pounds of uranium delivery. The contracts feature market-related pricing mechanisms at delivery time, with 1M lbs U3O8 per annum scheduled from 2029 to 2033.

The pricing structure varies based on uranium market prices, ranging from $79/lb at $80 market price to $150/lb at $175 market price. The company maintains 231,660,000 lbs U3O8 in uncommitted Probable Mineral Reserves from the Rook I Project. These strategic agreements position NexGen to maximize value in a strengthening uranium market while establishing itself as a reliable Western World nuclear fuel source from Saskatchewan, Canada.

Positive Secured first major uranium sales contracts with US utilities for 5M pounds

Market-related pricing mechanism protects upside potential Large uncommitted reserves of 231.66M lbs U3O8 available for future contracts Scheduled deliveries starting 2029 provide long-term revenue visibility Negative No immediate revenue […]

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Contracts feature market-related pricing mechanisms at time of delivery aligned with NexGen’s stated marketing strategy

Strategic short-term agreements position NexGen to maximize value in strengthening uranium market

VANCOUVER, BC, Dec. 4, 2024 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE ) (ASX: NXG) is pleased to announce it has been awarded the first uranium sales agreements with multiple leading US nuclear utility companies.

These inaugural awards all incorporate market-related pricing mechanisms at the time of delivery. They reflect NexGen’s long stated focus of maximizing leverage to future uranium prices and the Company’s positioning as a new reliable Western World source of nuclear fuel incorporating the highest standards of technical, environmental and social inclusion from the tier one jurisdiction of Saskatchewan Canada.The table below sets out the aggregate delivery quantities of uranium contemplated in the sales agreements, together with the expected gross sales revenue based on […]

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Uranium – a naturally occurring radioactive element – is one of the critical ingredients in decarbonizing the energy system and providing energy security. Since 2020, uranium prices have doubled due to a concentrated and insecure supply.

Senior portfolio manager Key takeaways

Generating nuclear power does not cause carbon emissions. Combined with high capacity of nuclear power plants, it makes nuclear power a reliable and stable source of energy.

Nuclear waste remains the major environmental and safety drawback related to nuclear power. A few high-profile incidents in the history of nuclear power have led to improved safety designs in reactors. Uranium needs to be enriched to be used in nuclear power reactors. Kazakhstan is the world’s biggest producer of uranium, but nearly half of enriched uranium exports worldwide comes from Russia. Constrained and insecure supply meeting elevated clean energy and energy security demand has driven uranium prices to new highs […]

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RUA Gold Mr. Leigh Curyer reports: Contracts feature market-related pricing mechanisms at time of delivery aligned with NexGen’s stated marketing strategy

Strategic short-term agreements position NexGen to maximize value in strengthening uranium market

VANCOUVER, BC, Dec. 4, 2024 /CNW/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce it has been awarded the first uranium sales agreements with multiple leading US nuclear utility companies.

These inaugural awards all incorporate market-related pricing mechanisms at the time of delivery. They reflect NexGen’s long stated focus of maximizing leverage to future uranium prices and the Company’s positioning as a new reliable Western World source of nuclear fuel incorporating the highest standards of technical, environmental and social inclusion from the tier one jurisdiction of Saskatchewan Canada.The table below sets out the aggregate delivery quantities of uranium contemplated in the sales agreements, together with […]

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Uranium.io launches as a decentralized application on Tezos, making uranium trading accessible beyond institutional investors.

Supported by Curzon Uranium and Archax, Uranium.io breaks traditional barriers in uranium market with blockchain technology.

London, December 3, 2024 — Uranium.io , a groundbreaking marketplace for trading uranium, has launched on the Tezos blockchain as a decentralized application (dApp). This platform, supported by Curzon Uranium and Archax, democratizes access to uranium trading, historically limited to institutional investors. Curzon Uranium has facilitated over $1 billion in uranium trades, and Archax stands as the first crypto exchange registered in the UK.

The launch of Uranium.io responds to increasing global demand for uranium, fueled by governmental commitments to net-zero emissions and the significant energy needs of artificial intelligence technologies.Major tech companies, including Microsoft, Google, and Amazon, are expanding into nuclear energy, reflecting a broader trend of integrating AI with sustainable power solutions. For example, Microsoft […]

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Tezos launches Uranium.io, the world’s first decentralized uranium marketplace.

Physical uranium is tokenized and stored securely, ensuring transparency.

Opens uranium trading to smaller investors, reducing barriers.

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Tezos, a proof of stake blockchain, has unveiled the world’s first decentralised Uranium trading market place dubbed Uranium.io.Advertisement Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE . Takes 2 mins. According to a December 3 announcement , the platform has been deployed on Etherelink, a layer 2 blockchain on the Tezos network.AdvertisementUranium.io is a decentralized application, that will allow users to connect their digital wallets, complete Know Your Customer (KYC) verification, and trade the critical resource.The platform is the latest example of how the market for real-world assets (RWA) tokenization is opening up a previously inaccessible market for small investors. Tokenization involves creating […]

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December 03, 2024

Saga Metals Corp. ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discovery in Canada, is pleased to share the channel sample assay results from its inaugural field program at the Double Mer Uranium Project, located in eastern Labrador, Canada.

Key Channel Sample Assay Highlights: Ch-DM24-075 returned 0.87 meters at 0.062% U 3 O 8 (DNC)

Ch-DM24-056 returned 0.45 meters at 0.048% U 3 O 8 (DNC) Ch-DM24-078 returned 1.00 meter at 0.043% U 3 O 8 (DNC) Ch-DM24-053 returned 0.65 meters at 0.042% U 3 O 8 (DNC) Ch-DM24-081 returned 3.00 meters at 0.024% U 3 O 8 (DNC) Ch-DM24-078 returned 3.00 meters at 0.023% U 3 O 8 (DNC) Michael Garagan, CGO & Director of Saga Metals Corp. commented: "What should be noted as the most significant concept of these results is that we […]

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Revival Gold Kelowna, British Columbia–(Newsfile Corp. – December 3, 2024) – Strathmore Plus Uranium Corporation (TSXV: SUU) (OTCQB: SUUFF) (FSE: TO3) (" Strathmore " or " the Company ") is pleased to announce that the Company drilled two newly identified uranium roll fronts on the Beaver Rim project. Four drill holes were completed, including the discovery of the two mineralized zones on the South Sage claim group. The intercepts included 7.5 feet grading 0.042% eU 3 O 8 from 1,119-1,126.5 feet (hole BR-03-24) and 4.5 feet grading 0.024% eU 3 O 8 from 1,090-1,094.5 feet (hole BR-01-24).

The Beaver Rim areas drilled lie 1 to 3 miles south of Cameco’s fully permitted in-situ recovery Gas Hills project. The goals of the drilling program were to determine the validity of our geologic model for Beaver Rim and that it’s a legitimate uranium exploration target. This included: Finding out if the arkosic-rich […]

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VANCOUVER, BC, Dec. 2, 2024 /CNW/ – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (Frankfurt: DH7) ("CanAlaska" or the "Company") announces today that it has entered into an agreement pursuant to which Cormark Securities Inc., as lead underwriter and sole bookrunner (the " Underwriter "), in connection with a "bought deal" private placement of 8,400,000 common shares of the Company that qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Tax (as defined below) (the " FT Shares ") at a price of $1.19 per FT Share, for gross proceeds of $9,996,000 (the " Offering ").

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, pursuant to the provisions in the Income Tax Act (Canada) (the " Tax Act "), to incur (or be deemed to incur) eligible "Canadian exploration expenses" that qualify as […]

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

The uranium spot price market was characterised by bouts of volatility before settling into a trading range over the month of November.

-U308 spot price on a roller coaster ride
-Geo-politics the feature for the month
-Microsoft and GE Vernova finding nuclear solutions -Australian uranium stocks remain a target for short interests A mismatch between buyers and sellers Industry consultants TradeTech recorded twenty-eight U3O8 spot transactions in November, totaling 3.2mlbs. Year-to-date spot U3O8 sales have reached 251 transactions, for a combined volume of 24.9mlbs.The consultants observed “volatility” as a key characteristic of November, driven by the imbalance between sellers aiming for December delivery sales and a lack of support from buyers. Buyers were noted as having largely met their immediate requirements with “little unspent budget remaining for discretionary purchases before year-end.” TradeTech’s […]

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