Category: Uranium

Vancouver, British Columbia–(Newsfile Corp. – April 25, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project (" Gibbons Creek ", or the " Project ") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The 2024 drilling program was designed to test for continuity of uranium mineralization first discovered in 1979 by Eldorado Nuclear and by ALX in 2015. Five holes totaling 849.44 metres were completed. Four of the five holes intersected uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX’s geological team. Mineralization found in the 2024 drilling was intersected in two areas located 500 metres apart within a target area […]

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SASKATOON, SK, April 25, 2024 /CNW/ – IsoEnergy Ltd. ("IsoEnergy" or the "Company") (TSXV: ISO) (OTCQX: ISENF) is pleased to provide an update on the results of winter 2024 exploration work on its eastern Athabasca Basin uranium properties (Figure 1). A total of 7,227 metres of drilling in 13 diamond drill holes on the Larocque East and Hawk projects confirmed ambient noise tomography (ANT) low velocity anomalies and identified new targets planned for testing during the summer exploration program set to commence in June 2024.

Highlights: Laroque East Project o Seven drill holes (LE24-157 to LE24-163) tested a prominent ANT low velocity anomaly along the northeast extension of the Hurricane electromagnetic (EM) conductor corridor.

o Drilling intersected prospective brittle faults and alteration interpreted as the source of the ANT anomaly as well as intersecting the continuity of the Hurricane trend graphitic-pyritic basement lithologies up to 2,200m to the east.

[…]

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Vancouver, British Columbia–(Newsfile Corp. – April 25, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the completion of the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project (" Gibbons Creek ", or the " Project ") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. The 2024 drilling program was designed to test for continuity of uranium mineralization first discovered in 1979 by Eldorado Nuclear and by ALX in 2015. Five holes totaling 849.44 metres were completed. Four of the five holes intersected uranium mineralization at or near the unconformity, based upon hand-held scintillometer readings on drill core, downhole gamma probe results, and visual observation of uranium minerals by ALX’s geological team. Mineralization found in the 2024 drilling was intersected in two areas located 500 metres apart within a target area […]

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Vancouver, British Columbia–(Newsfile Corp. – April 24, 2024) – Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (" Cosa " or the " Company ") is pleased to announce the completion of the winter 2024 diamond drilling program at its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (" Ursa " or the " Property ").

Highlights Three holes totalling 3,438 meters completed at the Kodiak target area

Drill hole UR24-03 intersected structures, hydrothermal alteration and minor sulphide mineralization in the Athabasca sandstone several hundred metres above the unconformity

High-strain ductile basement fabrics with late brittle overprint were identified Sufficient supplies and equipment have been mobilized to conduct an expanded summer program Keith Bodnarchuk, President and CEO, commented: "Congratulations to Andy and the entire team for safely and effectively completing our inaugural drill program at the 100% owned Ursa project. To intersect […]

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Vancouver, British Columbia–(Newsfile Corp. – April 22, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that its earn-in partner at the Copper Mountain Uranium Project, Rush Rare Metals Corp. ("Rush"), has entered into a 20-year mining lease (the "Lease") with Diamond X Ranch, LLC ("Diamond X") dated April 9, 2024, with automatic extensions if mining is in progress. The area subject to the Lease (see Figure 1 below) forms part of the Copper Mountain Uranium Project, in which Myriad has a 75% earnable interest pursuant to a property option agreement with Rush. With the Lease, the size of the Copper Mountain Uranium Project increases by 320 acres from 3,886 to 4,206 acres. Junior Mining Network Figure 1: Copper Mountain area leased from Diamond X

Under the Lease, Myriad has paid Diamond X a US$5,000 signing bonus and the first-year […]

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Boss Energy Investing News Network

April 22, 2024 Major milestone paves way for strong growth in production, cashflow and financial returns as Boss increases production rate by leveraging the infrastructure and extensive JORC Resource

Boss Energy Limited (Boss or the Company) is pleased to announce that it has produced the first drum of uranium at its 100 per cent-owned Honeymoon Uranium Project in South Australia.

This major milestone is part of the highly successful commissioning process at Honeymoon, which will see production ramp up to 2.45Mlb of U3O8 a year.As well confirming the project’s technical and operational success, Boss has delivered exceptional shareholder returns. The Company has no debt and $298 million of liquid assets (being cash, equity investments and physical uranium) as at March 31, 2024. This is equal to almost 70 per cent of the funds Boss has raised since it acquired Honeymoon in December 2015. This […]

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Vancouver, British Columbia–(Newsfile Corp. – April 19, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that its earn-in partner Rush Rare Metals Corp. ("Rush"), again guided by proprietary data, has acquired the historic Bonanza and Kermac/Day uranium mines at Copper Mountain (See Figure 1 below). Various proprietary documents in Myriad’s possession indicate that the Bonanza Mine produced around 780,000 lbs from 30,000 tons of ore at a grade of 1.3% eU 3 O 8 , while at the Day Mine, 1,152 tons of ore were mined at grades of between 0.12% and 0.56% eU 3 O 8 in the early 1960’s (see Figure 2 below).

"Bonanza-Kermac" aggregates 280 acres, and its acquisition increases the area subject to Myriad’s 75% earnable interest under the property option agreement between Myriad and Rush from 3,605 acres to 3,886 […]

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Novo Resources Vancouver, British Columbia–(Newsfile Corp. – April 19, 2024) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (" GoviEx " or " Company ") is currently in discussions with the Government of the Republic of Niger regarding the commencement of its mining operations. The Company has received notice that it must commence mining at its Madaouela uranium project (the " Madaouela Project " or " Project ") by 3 July 2024, failing which there is a risk of revocation of its mining permit.

The Company is committed to developing the Project and is working with the Nigerien government towards a mutually beneficial solution that complies with applicable law and protects the Company’s rights. While there is no guarantee of the outcome of these discussions, GoviEx is committed to exploring all viable options to ensure the best results for the Company and all of its stakeholders. In parallel with the […]

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Function – Counter trend.

Mode – Corrective.

Structure – Emerging Zigzag.

Position – Red wave (C) of blue 4. Direction – Red wave (C) of blue 4 is still in play. Details – Price broke blow 30. Wave (C) was confirmed by the break below 29.26. Should extend toward 25.94.The GX Uranium ETF is an exchange-traded fund (ETF) that focuses on investing in companies involved in the uranium industry. Uranium is a key component in nuclear power generation, and its demand is influenced by factors such as global energy needs, environmental concerns, and government policies regarding nuclear power.Recent market movements have seen the GX Uranium ETF undergo a bearish correction, with a decline exceeding 5% over the current trading week. This downturn commenced on February 1st, 2023, and is anticipated to persist in the short term before encountering a support level, heralding the onset of renewed upward momentum. Notably, […]

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Thunderbird Resources executive chairman George Bauk. Credit: File Thunderbird Resources (formerly Valor Resources) has assembled a surprising array of interesting-looking uranium and lithium targets in some of the hottest mineral territories in the world, including Canada’s Athabasca uranium basin and Ontario, which is a now world-class lithium province.

The Athabasca Basin is remarkable for its average uranium grades of about 2 per cent and its massive-scale deposits – and Thunderbird appears to have somehow managed to pick the eyes out of it, timing its new uranium rush perfectly.

Notably, the Athabasca Basin has been historically responsible for churning out 20 per cent of the world’s primary uranium production and it has a six- decade history of producing the controversial mineral.

Thunderbird has a dual strategy of riding the current uranium wave while continuing to get set for what many critics believe will be the imminent third coming of the lithium market. It […]

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Ahead of this week’s global nuclear conference, the uranium spot price ticked higher last week as the SPUT stepped in with buying.

-SPUT buying spot uranium
-This week’s conference will focus on Kazakhstan
-US Senate launches Nuclear Caucus

The spot uranium market was quiet last week until later in the week, when the listed price of the Sprott Physical Uranium Trust moved into a premium to its net asset value, prompting the trust to purchase 100,000lbs U3O8 at US$88.00/lb.Industry consultant TradeTech reports this prompted some action from other buyers, and by week’s end TradeTech’s weekly spot priced indicator had settled at US$90.00/lb, up US$1.25.In term markets, utilities remain key buyers as logistical issues threaten to disrupt supply. A ship carrying Russian enriched uranium remains sequestered in Germany due to the presence of EU-sanctioned plywood on the vessel. That vessel was destined for the port of Baltimore.But the port of […]

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Vancouver, British Columbia–(Newsfile Corp. – April 15, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that Myriad and its earn-in partner Rush Rare Metals Corp. ("Rush") have acquired by staking a new area identified in proprietary historical data as "The Midnight Prospect" or "Midnight" (see Figure 1 below). Midnight The historical data indicate that Midnight is highly prospective and may potentially contain up to 10 Mlbs eU 3 O 8 according to earlier reports by Rocky Mountain Energy Corp ("RME"), a subsidiary of Union Pacific, and a map from a 1991 Anaconda report (see Figure 2 below). Rush’s CEO Peter Smith recently visited the Midnight Prospect. A video of his visit can be viewed here .

Midnight aggregates 798 acres, and its acquisition increases the area subject to Myriad’s 75% earnable interest under the property […]

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Vancouver, British Columbia–(Newsfile Corp. – April 15, 2024) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") has reviewed initial data processed from its Ambient Noise Tomography (ANT) survey conducted over the Tatiggaq anomaly during the summer of 2023, The survey successfully established new drill targets over a one plus kilometer east-northeast extension along the Tatiggaq fault zone, which hosts the high-grade Tatiggaq uranium discovery at Forum’s 100% owned Aberdeen Project in the Thelon Basin, Nunavut. The Aberdeen project comprises 95,500 hectares and is located adjacent to Orano’s 133 million pound Kiggavik uranium project* (Figure 1).

Dr. Rebecca Hunter, Forum’s VP, Exploration commented, "The ANT survey may be a game-changing geophysical method for targeting unconformity systems in the northeast Thelon Basin. By measuring the velocity change interfaces throughout our anomalies, we can potentially image the faults that host the mineralization and the location of the […]

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Uranium Energy (NYSEMKT: UEC) stock has proven a profitable investment in recent years. In 2020, shares traded hands for just $0.38. Today, their price is around $7.

Huge money has already been made with Uranium Energy stock, but the company argues that its future remains incredibly bright. Is it time to buy, sell, or hold this hot stock? A rocket that was waiting to launch

As its name implies, Uranium Energy is all in on uranium and nuclear power. In 2006, the company went public, raising around $10 million. Its assets included several early-stage mining assets in places like Nevada, Arizona, New Mexico, and Paraguay. The company also acquired a 19.5% stake in Uranium Royalty , a company that makes investments in uranium interests such that its value will rise and fall along with the price of the metal itself.

Uranium Energy’s pitch to investors back then was simple: Uranium prices […]

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There won’t be enough supply to meet the market’s appetite for uranium, says Canaccord. Picture: iStock The uranium spot price is taking a breather in the high $US80s a pound, following a scorching run through the psychologically important $100/lb mark in late 2023, early 2024.

The equities trade has also died off somewhat alongside prices, and perhaps as shinier prospects, like gold, take centre stage.

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Still, Canaccord Genuity says the structural supply deficit which triggered this long-awaited, +200 per cent spot price run in the first place – from $US28/lb in August 2021 to $US88/lb currently – has not gone away. Spot uranium price over the past 5 years. Source: Tradingeconomics Nuclear power, seen as critical to global decarbonisation, is becoming mainstream again. Conservatively, CG expects capacity to expand at a compound annual growth rate of about […]

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In many ways it was a soggy end to the week, with the benchmark S&P/ASX 200 logging consecutive losses to pare back Monday-Wednesday’s gains to just 15 points.

But, as was the case most days this week, beneath the surface of a mundane benchmark were some rampaging moves in commodities stocks. They took turns, with iron ore, copper, and even lithium stocks getting a run at some point.

But consistently strong, were gold stocks – no surprise given the gold price continues to hover around record highs. Today, they were joined by uranium stocks, which were to say the least, magnificent.

Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 12 Apr 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 25.5 points lower at 7,788.1, 0.29% from its session low and 0.33% from its high/low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by […]

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Today in Review

Major market moves Markets

ASX 200 Session Chart The S&P/ASX 200 ( XJO ) finished 25.5 points higher at 7,788.1, 0.29% from its session low and 0.33% from its high/low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by a dismal 103 to 172. For the week, the XJO squeaked out a 14.8 point gain or just 0.19%.

The Gold ( XGD ) (+1.5%) sub-index was the best performing sector for the second time this week (bookending Monday’s strong performance). It’s been there or thereabouts all week, though, and this is no surprise given continued strength in the gold price. The Gold sector was up 4.7% for the week. Gold stocks finished the week as they started it Whilst not an official sub-sector, uranium stocks deserve a shout out today . They were quite magnificent with solid gains across each of the majors. […]

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Mining industry

Highlights Acquisition includes 3 Projects located in West-Central USA known for historic production of uranium/vanadium.

Proximity to licensed, operating processing plants using both conventional an in-situ recovery.

Figure 1: Project and Process Mill location Marysvale Project The property lies adjacent to the Central Mining Area, where an estimated 1.39mlb of U308 at 0.22% was produced from more than 10 mines between 1949 and 1966.JAG USA has leased 20 unpatented mining claims and one (1) state lease. Highlights: Marysvale Project was drilled by Phillips Uranium between 1977 – 1981 and this project has a historical working and pre-2007 NI 43-101 resource. Favorable geology with mineralization occurring from surface to a depth of at least 500 ft in strong clay-altered Rhyolitis Volcanics. (Refer Figure 2) Drilling intersected anomalous uranium and vanadiumin multiple zones. 127 historical drill holes were completed by Minex, PhillipsUranium and TrigonExploration Ltd between […]

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Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, April 11, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner with PI Financial Corp. acting as co-agent (collectively, the “ Agents ”) in connection with a fully marketed private placement (the “ Offering ”) of up to 2,040,817 subscription receipts of PUR (each, a “ Subscription Receipt ”) at a price of C$2.45 per Subscription Receipt (the “ Offering Price ”) for gross proceeds of up to C$5,000,002. The Agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional 408,164 Subscription Receipts […]

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VANCOUVER, British Columbia, April 11, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that inaugural drilling activities are now complete at the Company’s 3,061-hectare Atlantic Project (“ Atlantic ” or “the Project ”) highlighting anomalous radioactivity 1 in all completed drill holes. Atlantic is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

Highlights: Inaugural Success: Anomalous radioactivity (>300 cps) was intersected in all five of the Company’s inaugural drill holes at the Atlantic Project, coinciding with prospective structural zones and favorable alteration including dravite-rich clays .

Sandstone & Basement-Hosted Radioactivity: Multiple zones of elevated radioactivity linked to the sub-Athabasca unconformity and basement structural zones were intersected, indicating a uranium-fertile system.

Verified Targets: Massive structural disruption confirmed in the sandstone column and multiple wide (>10 metres) brittle-reactivated graphitic shear […]

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The worldwide landscape of uranium production is poised for substantial change, with an expected surge in output that could break previous records. This shift is driven by a renewed emphasis on clean energy transition and geopolitical tensions. A notable increase has been observed recently in the stocks of uranium miners, propelled by predictions of increased production coupled with price surges. Increase in Global Uranium Production

Mining.com’s latest reports indicate a promising outlook for the uranium industry as global production is predicted to grow by 11.7%, reaching over 60.3 kilotons (kt) by 2024. This forecast not only indicates a strong recovery but also signifies a crucial time for the industry as it approaches record-breaking levels of production. Kazakhstan Leading Production Growth

Kazakhstan is projected to lead this upswing in uranium production with considerable growth anticipated for 2024. Central to this expansion is Kazatomprom – the world’s topmost producer of uranium […]

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Fireweed Metals Exploration Planned For the Malborne Uranium Project

Calgary, Alberta–(Newsfile Corp. – April 9, 2024) – Record Resources Inc. (TSXV: REC) reports it has acquired an option on a large package of uranium claims northeast of Thunder Bay, Ontario, Canada.

The option covers a large area known as the Malborne property and is owned by privately-held exploration companies, 2758145 (Ontario) Inc and 1170331 BC Ltd. (the optionor). The land package consists of 780 claims stretching over 16,320 hectares (163 square kilometres) and is located 110 kilometres northeast of Thunder Bay, Ontario.

"The rocks in this land package, the Malborne claims, have the potential to be as prospective for uranium mineralization akin to the rocks in the Athabasca basin in Saskatchewan," said Record Resources CEO, Michael Judson. "Ontario is known for its uranium deposits and produced more than 400 million pounds of uranium oxide between 1955 and 1996." "There […]

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

Brokers are increasingly emphasising the global uranium demand/supply imbalance, and getting on board the market.

-SPUT back in buying uranium
-Utilities failing to meet supply requirements
-Production downgrades diminish supply -Morgan Stanley initiates coverage Physical uranium investment funds have made their mark over the past few years, and none more so than the Sprott Physical Uranium Trust.During its first year, SPUT purchased an average of 149,000lbs U3O8 per day, industry consultant TradeTech notes. Since then, shares in the fund have traded at a discount to net asset value more often, and this has restricted its buying activity. Since August 2022, SPUT has purchased an average of 14,900lbs per day.However, share prices entered premium territory for brief periods last week and fund managers were able to capitalise, issuing 1.7m shares and buying 200,00lbs U3O8 in […]

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The worldwide landscape of uranium production is poised for substantial change, with an expected surge in output that could break previous records. This shift is driven by a renewed emphasis on clean energy transition and geopolitical tensions. A notable increase has been observed recently in the stocks of uranium miners, propelled by predictions of increased production coupled with price surges. Increase in Global Uranium Production

Mining.com’s latest reports indicate a promising outlook for the uranium industry as global production is predicted to grow by 11.7%, reaching over 60.3 kilotons (kt) by 2024. This forecast not only indicates a strong recovery but also signifies a crucial time for the industry as it approaches record-breaking levels of production. Kazakhstan Leading Production Growth

Kazakhstan is projected to lead this upswing in uranium production with considerable growth anticipated for 2024. Central to this expansion is Kazatomprom – the world’s topmost producer of uranium […]

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

Toro Energy is going all in on uranium Credit: File Toro Energy has revealed proposals to spin out its portfolio of non-core nickel, gold, and base metal assets in Western Australia to focus solely on uranium.

Projects flagged for the spin out into a brand new IPO include Toro’s wholly owned Dusty Nickel project, 50km east of the town of Wiluna and the Yandal gold and base metals project.

Toro says the proposed demerger follows a detailed review of its asset base and the results returned from its Lake Maitland uranium deposit scoping study.

Lake Maitland is part of the company’s flagship Wiluna uranium project in Western Australia. Impressive metrics from the scoping study define a stand-alone project with a pre-tax net present value of $610 million and an internal rate of return of 41 per cent, based on a triuranium octoxide (U3O8) price of $70 per pound. TheNightly Get in front […]

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