Category: Uranium

Toronto, Ontario–(Newsfile Corp. – December 4, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the "Company" or "Appia") is pleased to announce that, further to the press release issued on June 9, 2023, it will be issuing the first tranche of 500,000 shares pursuant to the Definitive Agreement (the " Definitive Agreement ") with 3S LTDA (" 3S "), Beko Invest Ltd. (" Beko "), Antonio Vitor Junior (" Antonio ") and AZ125 Mineracao Ltda, now known as Appia Brasil Rare Earths Mineracao Ltda (the " Company ") to acquire up to a 70% interest in the PCH Project (the " Transaction ") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil (the " Property ").

Pursuant to the terms of the Definitive Agreement, the Property is now registered in the name of the Company […]

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VANCOUVER, BC, Dec. 4, 2023 /PRNewswire/ – GoldMining Inc. (the " Company " or " GoldMining ") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce plans for advancing the Rea uranium project (the " Rea Project " or the " Project "), Western Athabasca Basin, Alberta, Canada.

The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. (" Orano "). The large land package of approximately 125,328 hectares surrounds Oranoꞌs high-grade Dragon Lake deposit on the Maybelle River project. World-class uranium deposits located 60 km to the southeast of the Rea Project include Fission Uranium Corp.’s (" Fission ") Triple R deposit and NexGen Energy Inc.’s (" NexGen ") Arrow deposit which are currently in development.

Highlights: Uranium prices have risen to US$80.25 per pound for the first time since 2008 and uranium is the best performing energy commodity in 2023.

The Athabasca […]

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Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here . In the third quarter, the fund returned -6.16% (net) compared to a -4.78% return for the Russell 2500 Index. Furthermore, the fund underperformed its secondary benchmark, the Russell 2500 Value Index, which returned -3.66% during the same period. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Meridian Contrarian Fund highlighted stocks like Cameco Corporation (NYSE: CCJ ) in the third quarter 2023 investor letter. Headquartered in Saskatoon, Canada, Cameco Corporation (NYSE:CCJ) is a uranium producer that operates through Uranium and Fuel Services segments. On November 29, 2023, Cameco Corporation (NYSE:CCJ) stock closed at $44.19 per share. One-month return of Cameco Corporation (NYSE:CCJ) was 7.65%, and its shares gained 81.26% of their value over […]

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Saskatoon, SK – December 1, 2023 – IsoEnergy Ltd. (“ IsoEnergy ” or the “ Company ”)(TSXV: ISO) (OTCQX: ISENF) – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – is pleased to announce that the shareholders of Consolidated Uranium Inc. (“ Consolidated Uranium ”) (TSXV: CUR) have approved the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”) involving the Company and Consolidated Uranium at the special meeting of Consolidated Uranium held on November 28, 2023.

In connection with the Arrangement, the Ontario Superior Court of Justice has today also granted the final order (the “ Final Order ”) authorizing completion of the Arrangement, pursuant to which, among other things, IsoEnergy will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates in exchange for 0.500 of a common share of IsoEnergy for each common share of Consolidated Uranium held.

The […]

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During the recent session, Uranium Energy Corp (AMEX:UEC)’s traded shares were 2.42 million, with the beta value of the company hitting 1.81. At the last check today, the stock’s price was $6.57, reflecting an intraday gain of 0.84% or $0.05. The 52-week high for the UEC share is $6.54, that puts it up 0.46 from that peak though still a striking 64.99% gain since the share price plummeted to a 52-week low of $2.30. The company’s market capitalization is $2.54B, and the average intraday trading volume over the past 10 days was 6.01 million shares, and the average trade volume was 8.42 million shares over the past three months.

Uranium Energy Corp (UEC) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.00. UEC has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) […]

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Aura Energy Ltd – Aura Energy Ltd (ASX:AEE, AIM:AURA) has its sights set firmly on expanding the Tiris Project into a potentially world-class uranium province through a 13,000-kilometre tenure application.

The tenure would become part of the overarching Tiris Project within the uranium province of Mauritania and Aura will target areas with strong synergies with the Tiris West resource of 11.2 million pounds (16.4 million tonnes at 305ppm U3O8).

Aura believes the project has the potential to confirm a world-class scale and is out to prove that theory by confirming the results of its radiometric analysis. Validation to pursue further work

“Our geologists are confident that the Tiris Zemmour region of Mauritania is a world-class uranium region, similar in importance to the uranium market as the Pilbara region in Western Australia is for iron ore,” Aura chairman Phil Mitchell said.“We believe Aura’s uranium-enriched carnotite zone extends across the north-eastern Mauritania area […]

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TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that the Ontario Superior Court of Justice has granted the final order (the “ Final Order ”) in connection with the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “ Merger ” or the “ Arrangement ”), pursuant to which, among other things, IsoEnergy Ltd. (“ IsoEnergy ”) (TSXV:ISO) will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates (the “ CUR Shares ”) in exchange for 0.500 of a common share of IsoEnergy (each whole share, an “ IsoEnergy Share ”) for each CUR Share held. As previously announced, the Arrangement was approved by the Company’s shareholders at a special meeting held on November 28, 2023.

The Company is also pleased […]

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ORLANDO, Fla., Nov. 30, 2023 (GLOBE NEWSWIRE) — Former Apple CEO, John Scully, is widely credited with the simple phrase, “Timing is Everything.” Another Apple CEO, Steve Jobs, would execute on that mantra, crafting revolutionary products into seas of change with the Internet, personal computing, portable music, and smart phones.

The results were epic.

In most great success stories there is a tide, a thing beyond the control or creation of man alone. It is a thing that exists on its own… indomitable, inimitable.

The best of men, companies in this context, will harness the tide, ride the wind, or take this change agent and make it their own.Because timing IS everything.A short while ago Laramide Resources announced an “Off-Scale” Radioactivity Reading about a uranium mining discovery: “Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), which holds a portfolio of development stage uranium assets strategically positioned in the United States and […]

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TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR) is pleased to announce that the common shares of PUR are expected to commence trading on the TSX Venture Exchange (the “ TSXV ”) under the ticker symbol “PUR” at the commencement of trading on Friday, December 1, 2023.

Tim Rotolo, CEO and Director of Premier American Uranium, commented, “We are excited to commence trading on the TSXV. As a company purposely built with the aim of revitalizing U.S. domestic uranium production, we believe we are uniquely positioned against one of the strongest backdrops for both U.S. uranium fundamentals and physical uranium prices, now nearing a 16 year high. We look forward to working towards advancing our portfolio of projects in Wyoming and Colorado and a strategy of disciplined and opportunistic capital allocation. I want to take this opportunity to thank […]

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TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF and FRA: EI1) is pleased to announce that it has closed its previously announced “bought deal” brokered private placement announced on November 8, 2023, pursuant to which LUR sold 27,272,728 flow-through units of the Company (each, a “FT Unit” ) at a price of C$0.22 per FT Unit for gross proceeds of C$6,000,000 (the “Offering” ), which includes the full exercise of the Underwriters’ over-allotment option. The Offering was conducted by a syndicate of underwriters, co-led by Red Cloud Securities Inc., as sole bookrunner, and Haywood Securities Inc., and including PI Financial Corp. (collectively, the “ Underwriters ”).

Each FT Unit consists of one common share of LUR (each, a “FT Share” ) to be issued […]

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DALLAS, Texas, Nov. 30, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American:EU) (TSXV:EU) (the " Company " or " enCore" ) today announces the successful startup of uranium production from the South Texas Rosita ISR Uranium Central Processing Plant ("Rosita CPP"). The restart of the previously producing Rosita CPP is the first step in enCore’s South Texas production pipeline strategy utilizing the In-Situ Recovery production process. The wellfield production patterns are operating, oxygenated water is now circulating through the satellite ion exchange ("IX") facility and being injected back into the uranium ore body. Oxygen addition started shortly after injection of groundwater with uranium concentrations in the production wells meeting expectations. The Company looks forward to continuing increases in uranium concentration into the satellite IX facility over the coming weeks and is anticipating its first shipment of yellowcake (uranium) to occur over the course of the next 45 to 60 […]

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Arizona Sonoran Copper TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”) has been completed. The Arrangement was effective at 12:01 a.m. (Toronto time) on November 27, 2023.

Pursuant to the Arrangement, CUR transferred ownership of certain indirect wholly-owned subsidiaries that hold eight U.S. Department of Energy (“ DOE ”) leases and certain patented claims located in Colorado (the “ CUR Assets ”) to PUR in exchange for 7,753,752 common shares of PUR (“ PUR Shares ”).

As part of the Arrangement, CUR distributed 3,876,786 of the PUR Shares it received under the Arrangement to holders (the “ CUR Shareholders ”) of common shares […]

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Aura Energy Ltd – Aura Energy Ltd (ASX:AEE, AIM:AURA) has its sights set firmly on expanding the Tiris Project into a potentially world-class uranium province through a 13,000-kilometre tenure application.

The tenure would become part of the overarching Tiris Project within the uranium province of Mauritania and Aura will target areas with strong synergies with the Tiris West resource of 11.2 million pounds (16.4 million tonnes at 305ppm U3O8).

Aura believes the project has the potential to confirm a world-class scale and is out to prove that theory by confirming the results of its radiometric analysis. Validation to pursue further work

“Our geologists are confident that the Tiris Zemmour region of Mauritania is a world-class uranium region, similar in importance to the uranium market as the Pilbara region in Western Australia is for iron ore,” Aura chairman Phil Mitchell said.“We believe Aura’s uranium-enriched carnotite zone extends across the north-eastern Mauritania area […]

Click here to view original web page at www.proactiveinvestors.co.uk

Source: Shutterstock Key Points

The ASX hosts some of the most prospective uranium companies in the world

ASX-listed uranium companies are at various stages of development, and just a few are close to production

This mini-series provides investors with a comprehensive overview of ASX-Listed uranium companies This is Part 5 of my mini-series on ASX uranium companies. Make sure to check out Part 4 on Paladin Energy and my in-depth look at the demand and supply dynamics of the uranium market . Potential deep in the ground Deep Yellow ( ASX: DYL ) is far earlier along the road to production than the first four we’ve looked at so far in this series – including BHP ( ASX: BHP ), NexGen Energy ( ASX: NXG ), Boss Energy ( ASX: BOE ) and Paladin Energy ( ASX: PDN ), but it does have what I could classify as […]

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November 28, 2023 (Investorideas.com Newswire) Michael Ballanger of GGM Advisory Inc. shares his thoughts on one uranium stock, which has recently hit an all-time high. Cameco Corp. (CCO:TSX; CCJ:NYSE) – the godfather of the uranium trade – has moved to all-time highs, with the spot price hitting US$80.00/lb.

From Trading Economics:

"Uranium prices in the U.S. surged past US$80 per pound for the first time since January 2008 in November, soaring past pre-Fukushima disaster levels amid high demand and risks to supply. Fossil fuel volatility and decarbonization goals drove countries to extend the life of existing generators and increase investments in new plants, led by China’s pledge to build another 32 nuclear reactors by the end of the decade. The optimistic demand outlook aligned with lower nuclear fuel inventories for utilities, triggering large near-term purchasing activity. The latest data showed that European inventories fell by 21% since 2018. Supply of enriched […]

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Uranium prices could push higher. For one, there’s a good deal of global demand, with some countries planning to build even more reactors. In fact, Demand for uranium in nuclear reactors is expected to increase by 28% by 2030, and nearly double by 2040, says the World Nuclear Association (WNA), as noted by Reuters. All as global governments ramp up their nuclear capacity to meet zero-carbon targets. Two, we have global leaders attempting to cut back on harmful emissions, which could increase dependency on uranium. All of which could make Lexston Mining Corporation (CSE: LEXT) (OTC: LEXTF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), Cameco Corp. (NYSE: CCJ) (TSX: CCO), and Denison Mines Corp. (NYSE: DNN) (TSX: DML) even more attractive.

We should also note, “Uranium prices have reached their highest level in more than a decade as a global supply shortage persists, with the […]

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DESIGNATED NEWS RELEASE

VANCOUVER, Nov. 28, 2023 – Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce the publication of its inaugural 2023 Sustainability Report. This report presents the Company’s approach and performance on sustainability initiatives and outlines sustainability strategy and goals for the future.

FY23 Sustainability Report Highlights Bolstered the Company’s strong due diligence process through strengthened focus on sustainability-related risks of operators, reviewing 100% of deals with the Company’s enhanced sustainability due diligence approach;

Strengthened the Company’s corporate risk management function; Approved Sustainability Policy, Anti-Corruption Policy and Corporate Disclosure Policy to reinforce the Company’s commitment to sustainability and strong corporate governance; Achieved executive-management diversity of 33% female and 33% ethnically-diverse representation; and Donated approximately US$48,000 to local community programs. Scott Melbye, the Company’s Chief Executive Officer, stated: "I am proud to present our inaugural 2023 Sustainability Report for Uranium Royalty Corp. , the […]

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A miner stands in front oh an excavator at a mine site If it seems like everyone is talking about ASX uranium shares lately, there’s a good reason.

Last week uranium prices hit 15-year highs, trading for just over US$80 per pound. That sees the price of the radioactive metal, a critical element in nuclear power production, up 55% so far in 2023.

And it’s put a rocket under Australia’s leading uranium stocks .

Here’s how these four producers and explorers have performed year to date: Paladin Energy Ltd ( ASX: PDN ) shares have gained 54% Bannerman Energy Ltd ( ASX: BMN ) shares are up 66% Deep Yellow Limited ( ASX: DYL ) shares have gained 59% Boss Energy Ltd ( ASX: BOE ) shares are up 118% For some context, the All Ordinaries Index (ASX: XAO) has gained 1% so far in 2023.Here’s why ASX uranium shares have been […]

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Cautious investors will remain wary of uranium even as the nuclear fuel trades at a 15-year high of $80 a pound with the promise of more to come as market and geopolitical conditions look alarmingly like a repeat of 1973.

Back then a war in the Middle East followed by an oil export embargo imposed by the Organization of Petroleum Exporting Countries (OPEC) sparked a 150% rise in the oil price with uranium joining the boom, though only for six years.

From less than $10/lb uranium rose to $40/lb, driven by a flood of orders for nuclear reactors to combat the oil squeeze. That boom ended in 1979 after a partial meltdown at the Three Mile Island power plant in Pennsylvania. Radiation symbolgetty Uranium was dealt a second blow when the Chernobyl project in Ukraine suffered a full-blown meltdown in 1986, with a third blow landing when Japan’s Fukushima project was […]

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TUCSON, AZ, Nov. 27, 2023 (GLOBE NEWSWIRE) — Liberty Star Minerals ( “ Liberty Star ” or the “ Company ” ) ( OTCMarkets: LBSR ) is pleased to announce that the Company has engaged the services of Mr. James (Jim) Bryce, CP, of Thunder Bay, ON, Canada as a consulting geologist and a Qualified Person pursuant to USSEC S-K 1300. Mr. Bryce will be reviewing the geological merit of Liberty Star’s properties and acting as project manager for a core drilling program at the gold exploration Red Rock Canyon Project and the adjacent exploration stage Hay Mountain Project for commercially important metals associated with porphyry copper-gold-moly geologic structures, well represented in the area from central Arizona to northern Mexico.

Mr. Bryce has over thirty years of experience in the mining and exploration industry since completing his B.Sc. in geology at the University of Toronto. He has worked as project […]

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Cameco Corp. (CCO:TSX; CCJ:NYSE) — the godfather of the uranium trade — has moved to all-time highs, with the spot price hitting US$80.00/lb.

From Trading Economics:

"Uranium prices in the U.S. surged past US$80 per pound for the first time since January 2008 in November, soaring past pre-Fukushima disaster levels amid high demand and risks to supply. Fossil fuel volatility and decarbonization goals drove countries to extend the life of existing generators and increase investments in new plants, led by China’s pledge to build another 32 nuclear reactors by the end of the decade. The optimistic demand outlook aligned with lower nuclear fuel inventories for utilities, triggering large near-term purchasing activity. The latest data showed that European inventories fell by 21% since 2018. Supply of enriched uranium has turned scarce as Western generators shunned a portion of Russian nuclear fuel, compounding shipping halts due to insurance restrictions and stressing capacity limits […]

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-The MOU outlines terms for a proposed collaboration on the development of a facility for producing HALEU, a vital nuclear fuel of the future. This collaboration includes a plan for the SMR company to consider providing financial support for the development of a HALEU production facility.

-ASP Isotopes Inc. and its subsidiary, Quantum Leap Energy LLC (QLE), are in active discussions with various regulatory bodies and governments to determine the location for its first HALEU production facility. Their aim is to supply commercial quantities of HALEU for SMRs by 2027.

WASHINGTON, Nov. 27, 2023 (GLOBE NEWSWIRE) — ASP Isotopes Inc. NASDAQ: ASPI (“ASP Isotopes” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, today announced that it has signed a memorandum of understanding with a second US-based SMR (Small Modular Reactor) company […]

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Martin Endjala

Ruusa Nandago, an economist at the First National Bank of Namibia, has raised concerns about the growth prospects of the agricultural sector in 2023 due to persistent drought conditions, which are exerting mounting pressure on food prices.

Nandago pointed out that the Namibian government officially declared a drought in June and initiated a drought relief program running from October 1, 2023, to June 30, 2024.

These drought conditions are expected to significantly impact growth in 2023, affecting agricultural output, employment within the sector, and food prices.The adverse effects of the drought are already evident in the second-quarter Gross Domestic Product (GDP) data for 2023, which saw the agriculture sector contracting by a severe 31.9 percent.According to Nandago, this deepest contraction since the second quarter of 2019, another drought-affected year. Consequently, the overall GDP growth rate dropped from 5.3 percent in the first quarter of 2023 to 3.7 percent in […]

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Toronto, Ontario–(Newsfile Corp. – November 27, 2023) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (" Purepoint " or the " Company ") announced a non-brokered private placement (the " Offering ") of up to 47,619,048 flow-through units (the " Flow-Through Units ") at a price of $0.0525 per unit for aggregate gross proceeds up to $2,500,000. Each Flow-Through Unit consists of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a " Flow-Through Share ") and one common share purchase warrant. Each warrant entitles its holder to purchase one common share of the Company (each a " Warrant Share ") at an exercise price of $0.07 per share for a period of 24 months from the date of issuance.

The net proceeds of the Offering will be used for the exploration and advancement of the […]

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MYRIAD URANIUM CORP Chart 1 Jahr MYRIAD URANIUM CORP 5-Tage-Chart Vancouver, British Columbia–(Newsfile Corp. – November 27, 2023) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that Mr. Tom Lee has been appointed as a director of the Company, effective immediately. Tom is the Co-Founder and President of Canid Capital, a prominent capital markets consulting firm based in Toronto. Prior, he worked on an institutional equity sales desk where he developed significant business relationships with institutions and issuers across Canada and the USA. Tom is a proven results driver having been involved in over $1B in transactions. He is the recipient of several awards including Presidents Clubs and Rookie of the Year in his first job after graduating Western University’s business program. Tom holds the CSC and CPH designations with the Canadian Securities Institute in […]

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