Uranium still has a lot of upside

The analysts at Atrium Research already took a close look at the uranium sector in November 2022. Since then, the uranium price on the spot market has risen by more than 84%. It reached a high of USD 106 per pound of U3O8 in January 2024.

As the experts explain, this drastic price increase has been building up for years, if not decades – mainly due to the high demand for the metal in view of the ambitious decarbonization targets and the uncertain future supply.

However, Atrium continues to believe that the spot price for uranium is still not high enough to serve as an incentive to build up new production. Which means, they say, that there is still room for the uranium price to rise. Numerous countries have included nuclear energy in their strategy

In their last report on uranium, the analysts highlighted key developments in demand for nuclear energy […]

Iran is continuing to enrich uranium to near weapons grade

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Uranium Week: Soft US Import Waivers

The uranium market has been pleasantly surprised by the rather soft guidance on waivers included in the legal ban to import uranium from Russia into the USA.

-US uranium import waivers more relaxed than expected
-Traders push up prices pre announcement
-Utilities move to consider longer term (post 2028) U3O8 contracts

As also reported in last week’s update, utilities and traders have been occupied with the US Department of Energy’s (DOE) waiver details for the Prohibiting Russian Uranium Imports Act which will go into effect 90 days after President Biden signed it on May 13.The Act allows for temporary waivers under specific circumstances and any waiver must be terminated by the cut-off date, January 1, 2028 with the ban in place until December 31, 2040.Industry consultant TradeTech reports the spot uranium market was noticeably active over Monday 20 May and Tuesday 21 May, with over one million pounds of […]

Aruma expands into high-demand copper, uranium

Aruma Resources (ASX:AAJ) is expanding its exploration portfolio with the addition of a copper and uranium project in the well-known Olympic Dam precinct of South Australia and two copper projects in Queensland’s fertile Mt Isa region.

The junior explorer has inked a share acquisition agreement with NHM Holdings for the Wilan Iron Oxide-Copper-Gold (IOCG) and Uranium Project in South Australia and the Bortala and Fiery Creek copper projects in Queensland.

The news edged shares up over 31% to an intra-day high of $0.025 this morning (27 May).

To settle the acquisition, Aruma will issue 26.5 million shares and 24.5 million options. The options will be exercisable at no cost to NHM once Aruma reports a drill intercept of 3m at over 600 parts per million (ppm) uranium, or at least 20m at over 0.8% copper or metals equivalent at one of the new projects.Aruma will also pay a 2% net smelter royalty […]

URNJ ETF: Aggressive Bet on Surging Uranium Prices

Uranium prices have surged over the past year, and the Sprott Junior Uranium Miners ETF ( NASDAQ:URNJ ) is an aggressive way to invest in this theme, which could still have plenty of upside ahead.

I’m bullish on URNJ based on the strong potential for higher uranium demand over the long term, its portfolio of small-cap uranium mining stocks (which stand to benefit handsomely from this increased demand), and its attractive dividend yield. Plus, sell-side analysts see significant potential upside for this $413.3 million ETF. What Is the URNJ ETF’s Strategy?

According to Sprott ETFs, URNJ invests in an index that is “designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses.”

Sprott explains that this is the only pure-play ETF focused on smaller uranium miners, and it selects these uranium mining stocks for their “significant revenue and asset growth.”It’s worth noting that this is […]

URNJ ETF: Aggressive Bet on Surging Uranium Prices

Uranium prices have surged over the past year, and the Sprott Junior Uranium Miners ETF ( NASDAQ:URNJ ) is an aggressive way to invest in this theme, which could still have plenty of upside ahead.

I’m bullish on URNJ based on the strong potential for higher uranium demand over the long term, its portfolio of small-cap uranium mining stocks (which stand to benefit handsomely from this increased demand), and its attractive dividend yield. Plus, sell-side analysts see significant potential upside for this $413.3 million ETF. What Is the URNJ ETF’s Strategy?

According to Sprott ETFs, URNJ invests in an index that is “designed to track the performance of mid-, small- and micro-cap companies in uranium-mining related businesses.”

Sprott explains that this is the only pure-play ETF focused on smaller uranium miners, and it selects these uranium mining stocks for their “significant revenue and asset growth.”It’s worth noting that this is […]

MegaWatt Metals Comments on US Ban of Russian Uranium Imports & Forecast of Increased Uranium Production from Canada

Imports from Moscow will cease 90 days after bill is enacted

Uranium prices held steady around increases gained during late 2023 rally

Canada major contributor to projected 11%+ growth in uranium production in 2024‎

Vancouver, British Columbia, May 24, 2024 (GLOBE NEWSWIRE) — MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company ", " MegaWatt Metals " or “ MegaWatt ”) provides additional commentary on America’s May 14, 2024 ban on Russian imports of enriched uranium, the primary fuel used in nuclear power plants. The bipartisan bill will ban uranium imports from Moscow beginning 90 days after its enactment. Despite the pending need for America to shift its uranium supply, uranium prices continued to hold the increases gained during the late 2023 rally, possibly due to the forecast that global uranium production will grow by over 11% in 2024, with most of that increase […]

3 Uranium Stocks With 39% Upside or More

The uranium industry has been on a roll lately, with stock prices surging thanks to some positive news. Major players like Cameco (CCJ) and Denison Mines (DNN) have seen their shares rally sharply after the U.S. announced plans to offer up to $3.4 billion in funding to support domestic uranium production. However, these popular uranium stocks are now trading close to their average analyst price targets, suggesting limited room for additional upside.

But for investors still looking to take part in the uranium rush, there are still some lesser-known stocks that could potentially see significant gains. The recent rally was fueled by President Biden signing a bill to ban Russian uranium imports , aiming to punish Moscow for the Ukraine invasion and further reduce reliance on Russian energy sources. The ban, set to take effect in mid-August 2024, unlocked $2.72 billion in federal funding to expand the domestic uranium industry. […]

Uranium Energy to Report Q3 Earnings: What’s in Store?

Uranium Energy (AMEX:UEC) is expected to report year-over-year improvement in both revenues and earnings in its upcoming third-quarter fiscal 2024 results.
The Zacks Consensus Estimate for revenues is pegged at $21 million, indicating 3.9% growth from the year-ago quarter’s actual. The consensus estimate for earnings is 1 cent per share, which indicates a solid improvement from a loss of 2 cents per share reported in the third quarter of fiscal 2023. The estimate has remained unchanged over the past 30 days. Q2 Performance

In the last reported quarter, Uranium Energy reported declines in both its top and bottom lines. Revenues were $0.12 million, which were down 100% year over year and missed the Zacks Consensus Estimate. Revenues only reflected toll processing services revenues as the company did not sell any of its purchased uranium inventory. Notably, sales of uranium inventory had resulted in revenues of $47.8 million in the […]

Thunderbird goes high-tech uranium hunting in Canada

Thunderbird Resources is using a high-tech SGH survey to unearth uranium at its Hidden Bay project in Canada’s Athabasca Basin. Thunderbird Resources has launched a new high-tech survey sampling program as part of the latest uranium exploration campaign at its premier Hidden Bay project in the renowned Athabasca Basin in Canada.

Taking advantage of the ideal Canadian summer conditions, the sampling program is understood to be able to detect blind uranium targets from depths of up to several hundred metres. The company says it will trial a spatiotemporal geochemical hydrocarbons (SGH) survey on several of its prime drill targets at Hidden Bay, in addition to scintillometer surveying of key areas and reconnaissance geological mapping.

The SGH survey is designed to detect subtle geochemical anomalies derived from a buried source, using near-surface samples that contain low concentration levels it can measure in as little as “parts per trillion” on elements within the […]

Morning Wrap: ASX 200 to rise, Uranium ETF hits 10-year high, Webjet reports 40% earnings surge

Some may say that it’s lonely at the top, but in this case, it’s lonely at the bottom for JPMorgan’s Marko Kolanovic. Kolanovic, who was once one of Wall Street’s biggest bulls, is now the last major stock market bear standing following Morgan Stanley’s revision yesterday. Kolanovic is keeping his bearish view on stocks despite the S&P 500 and NASDAQ hitting more record highs.

And it’s not just stocks which are smashing records – gold, silver, copper, and now, a key uranium ETF has hit a 10-year high.

On our bourses, Webjet has already released its earnings (more details below) while Telix Pharmaceuticals and Eagers Automotive host their AGMs. And there’s already been two early broker moves.

Let’s dive in. S&P 500 SESSION CHART SPX Tuesday 21 May 2024 It may have been a slow grind but the bulls won out in the end. (Source: TradingView) OVERNIGHT MARKETS S&P 500 […]

Uranium Week: Russia Banned From August

The legal ban on Russian uranium imports into the US comes into force in August.

-US ban on uranium imports from Russia kicks in from August onwards
-Legal waivers trigger opposing interpretations
-Five transactions in spot market at slightly increased pricing

By Rudi Filapek-VandyckAnd after many months of market speculation and political processing, US President Joe Biden signed H.R.1042, the bill that bans the import of Russian uranium products into the USA, on May 13. The ban will go into effect on August 11th.Whoever thought the way forward for US utilities and the uranium sector at large has now become a lot clearer is still in the minority with industry consultant TradeTech reporting the week’s trading continued to be dominated by confusion and ongoing market speculation.The problem lays with the two legal waivers that can be granted by the US Department of Energy (DOE). Different interpretations kept the future […]

Thunderbird goes high-tech uranium hunting in Canada

Thunderbird Resources has launched a new high-tech survey sampling program as part of the latest uranium exploration campaign at its premier Hidden Bay project in the renowned Athabasca Basin in Canada. Taking advantage of the ideal Canadian summer conditions, the sampling program is understood to be able to detect blind uranium targets from depths of up to several hundred metres. Thunderbird Resources is using a high-tech SGH survey to unearth uranium at its Hidden Bay project in Canada’s Athabasca Basin. Credit: File Thunderbird Resources has launched a new high-tech survey sampling program as part of the latest uranium exploration campaign at its premier Hidden Bay project in the renowned Athabasca Basin in Canada.

Taking advantage of the ideal Canadian summer conditions, the sampling program is understood to be able to detect blind uranium targets from depths of up to several hundred metres. The company says it will trial a spatiotemporal […]

Evening Wrap: ASX 200 notches gain as copper, nickel, gold, silver, and uranium stocks soar

We are indeed the lucky country. Blessed with all the good stuff the world wants for the upcoming energy transition, and not to mention all of those empty and derelict apartment buildings and bridges to nowhere in China. �

Count your lucky stars Aussie investors, and…

Let’s dive in! Markets

S&P ASX 200 (XJO) Intraday Chart 20 May 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 49.3 points higher at 7,863.7, 0.63% from its session low and just 0.13% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers beat decliners by 156 to 129.The Gold ( XGD ) (+3.6%) sub-index was the best performing sector today, likely in response to a rising gold price, but also in response to a rocket ship emoji-deserving silver price � (more in ChartWatch ). Company Last Price Change $ Change % 1mo % 1yr % Silver Mines (SVL) […]

North Shore Uranium Reports Drill Program Results: Uranium Mineralization Confirmed at Two Targets

ACCESSWIRE

VANCOUVER, BC / ACCESSWIRE / May 16, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (‘ North Shore ‘ or the ‘ Company ‘) is pleased to announce that multiple samples collected from two of the first three uranium prospects drilled by the Company at its 55,699-hectare Falcon Property (‘ Falcon ‘ or the ‘ Property ‘) at the eastern margin of the Athabasca Basin in Saskatchewan have returned anomalous uranium values of greater than 300 ppm U 3 O 8 and up to a maximum of 572 ppm U 3 O 8 (Table 1). The Company is now planning for future exploration programs on the Property.

As reported on March 20, 2024, three targets were drilled along a strong, dominantly northeast-trending electromagnetic ( ‘EM’ ) conductor system, P03, P08 and P12 (Figure 1). These results confirmed the encouraging field findings for P03 and P08 that were based on downhole […]

Uranium Week: US Boycott Enthusiasm Fades

This story features NEXGEN ENERGY LIMITED. For more info SHARE ANALYSIS: NXG

NexGen Energy’s convertible nuclear deal stole the show in a week that saw market enthusiasm evaporate by Friday.

By Rudi Filapek-Vandyck

Uranium is experiencing its second Grand Bull Market in thirty years, with the first one sizzling out post 2007.To fully appreciate the ups and downs, and the gains enjoyed thus far into this second awakening, we’ve included an historical price chart from industry consultant TradeTech. FNArena’s weekly price graphic near the bottom of this story only shows a limited flash-back. Last week, TradeTech’s weekly U3O8 spot price started off on firm footing as traders got excited about the US Senate -finally- passing the Prohibiting Russian Uranium Imports Act (H.R. 1042) , which is aimed at barring uranium imports from Russia.The bill was officially sent to the White House on May 9 and President Joe Biden is expected to […]

Evening Wrap: ASX 200 closes out solid recovery week with another gain as energy, uranium, and gold stocks star

It was a relatively quiet end to what will go down as a very good week for Aussie investors. Look at a chart of the S&P/ASX 200 and you’ll see this week’s gain couldn’t have come at a better time, as the price of the benchmark was teetering in the wake of April’s sharp correction.

Resources stocks were again in focus today, as increases in the prices of crude oil, natural gas, gold, and silver stoked big gains in each of those areas of the market. Uranium stocks bounced back nicely after their pullback yesterday.

For all of the key moves, news, and analysis…

Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 10 May 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 27.4 points higher at 7,749.0, 0.35% from its session low and 0.25% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers […]

US Ban of Russian Uranium Could Benefit Canadian Explorer

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Source: Streetwise Reports 05/07/2024

Vancouver-based Tisdale Clean Energy Corp. is watching a major development involving uranium in the United States with interest. Find out why one analyst calls it a "big deal."Vancouver-based Tisdale Clean Energy Corp. TCEFF , which is exploring and developing the Fraser Lakes B uranium deposit at the South Falcon East project outside the edge of the Athabasca Basin, is watching a major development involving the nuclear fuel in the United States with interest.The U.S. Senate followed the House in approving a ban on American imports of Russian uranium last week. President Joe Biden has said he […]

Cosa Resources Announces Summer Exploration Plans for Athabasca Basin Uranium Projects

Vancouver, British Columbia–(Newsfile Corp. – May 9, 2024) – Cosa Resources Corp. ( TSXV: COSA ) ( OTCQB: COSAF ) ( FSE: SSKU ) (" Cosa " or the " Company ") is pleased to announce its summer exploration plans for its portfolio of Athabasca Basin uranium projects.

Highlights Diamond drilling at Ursa to follow up positive winter drilling results and test second high priority target area

Ambient Noise Tomography (ANT) surveys to prioritize strike at Ursa and follow-up airborne survey results at Orion

Airborne Electromagnetic (EM) and Gravity surveying at Aurora and Orbit to advance these shallow, prospective projects toward drill readiness for 2025 Keith Bodnarchuk, President & CEO, commented: "After a successful winter drill program, we are eager to return to the field and continue exploration at the 100% owned Ursa Project. Alongside summer drilling at Ursa, including following up on the exciting results […]

Buy Uranium Energy as uranium demand set to double: Strategist

Defiance ETFs CEO and CIO Sylvia Jablonski joins Market Domination for the latest edition of Good Buy or Goodbye to give insight into the best clean energy picks.

Jablonski names Uranium Energy ( UEC ) her "good buy," citing nuclear power’s sustainability and a possible boost from a rise in uranium metal prices. She adds that global demand for uranium is set to double in the next ten years.

Jablonksi says "goodbye" to SunPower ( SPWR ), pointing to accounting errors, including some misstatements in 2022. In addition, interest rate hikes have slowed the growth of solar projects.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino Video Transcript It’s a big, noisy universe of stocks out there.Welcome to goodbye or goodbye.Our goal.To help cut through that noise to navigate the best moves for your […]

Uranium Sector Expected To See A Run As Positive Momentum And Demand Builds – Financial News Media

( MENAFN – Financial News Media) data-id="165ecfe1" data-element_type="widget" data-widget_type="theme-post-content">

Palm Beach, FL – May 7, 2024 – FN Media Group News Commentary – An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said:“Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman’s case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs .” It continued:“A few hedge funds are also stepping up involvement in both equities and physical […]

Investment Banks & Hedge Funds Stepping Up Activity in Physical Uranium as Prices Spike

Classified in: Mining industry , Business
Subject: INO

PALM BEACH, Fla., May 7, 2024 /PRNewswire/ — An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said: "Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman’s case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs ." It continued: "A few hedge funds are also stepping up involvement in both equities and physical uranium, a sign […]

Uranium Sector Expected to See a Run as Positive Momentum and Demand Builds

PALM BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium. The report said: “Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium and in Goldman’s case trading its options as well, five industry and hedge fund sources with knowledge of the deals said. The heightened activity comes as utilities seek new supplies amid shortfalls that have lifted prices to 16-year highs.” It continued: “A few hedge funds are also stepping up involvement in both equities and physical uranium, a sign that the metal […]

Uvre forges uranium deal in South Australia’s world-class yellowcake district

Uvre is set to acquire three uranium exploration prospects on two licence applications in South Australia’s Frome Basin. Pic via Getty Images share

Uvre has entered into a binding agreement to acquire 100% of the issued capital in Uranium SA

Uranium SA holds three prospects across two exploration licences

The company plans to kick off exploration in August Special report: Uvre has entered into a binding agreement to acquire 100% of the issued capital in Uranium SA, a special purpose vehicle with three uranium prospects across two exploration licences in South Australia’s Frome basin. As a major exporter of uranium oxide, South Australia hosts nearly a quarter of the world’s uranium resources and major deposits including BHP’s (ASX:BHP) Olympic Dam, the world’s largest uranium deposit, Four Mile, Yarramba and the Beverley mines.The state is renowned for being proactive in uranium exploration and development, as demonstrated last […]

Boss Energy’s Honeymoon restart a signpost for South Australian uranium hopefuls

Sometimes success breeds success. And the achievements of one uranium miner may well pave the way for other hopefuls working in the same region.

Uranium sentiment remains positive with the energy metal trading close to $US90/lb in April thanks to expectations that long-term demand will remain strong and concern about near-term supply.

This has fuelled a flurry of activity in locations known to have uranium mineralisation, such as South Australia, which hosts nearly a quarter of the world’s uranium resources- including major deposits such as Olympic Dam – the world’s largest – Four Mile and Yarramba.

However, all this activity – be it exploration, appraisal or studies – pales in comparison to actually producing yellowcake, which is exactly the pivotal milestone that Boss Energy ( ASX:BOE ) achieved in April when it turned out the first drum of uranium from its Honeymoon project, following a successful commissioning process. For the latest mining […]