Purepoint Uranium Group, Inc. V.PTU

Purepoint Uranium Announces Participation in 2 Conferences

https://www.newsfilecorp.com/release/99560/Purepoint-Uranium-Announces-Participation-in-Red-Clouds-2021-Oktoberfest-Fall-Mining-Show-Case-and-the-2021-New-Orleans-Investment-Conference

Purepoint Uranium Announces Participation in Red Cloud’s 2021 Oktoberfest Fall Mining Show Case and the 2021 New Orleans Investment Conference

Toronto, Ontario–(Newsfile Corp. – October 14, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced that the Company will be presenting at the Red Cloud’s 2021 Virtual Oktoberfest Fall Mining Showcase, taking place from October 18-20, 2021 and at the 2021 New Orleans Investment Conference from October 19-22, 2021. Chris Frostad, President and CEO, will be presenting virtually at the Red Cloud’s 2021 Virtual Oktoberfest Fall Mining Showcase on Wednesday, October 20, 2021 at 2:45 pm ET. To register for the conference, please visit: https://www.redcloudfs.com/oktoberfest2021/. Chris Frostad will also be hosting a luncheon presentation at the 2021 New Orleans Investment Conference on Friday, October 22, 2021 at 12:30 pm local time. […]

Standard Uranium Announces Engagement Agreement and 2022 Winter Exploration Plans at its Sun Dog Project

Standard Uranium Announces Engagement Agreement and 2022 Winter Exploration Plans at its Sun Dog Project

VANCOUVER, British Columbia, Oct. 19, 2021 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the signing of an Engagement Agreement with Ya’thi Néné Land and Resource Office (“YNLR”) 1 , further strengthening the Company’s relationships with First Nations and northern community stakeholders. The Company is also pleased to announce plans for their winter exploration program including high resolution geophysics and diamond drilling at its 15,770-hectare, 100% wholly-owned, Sun Dog Project (the “Project”). The Project is located at the northwestern edge of the Athabasca Basin, Saskatchewan, and is south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City.

Following the signing of the Engagement Agreement with the YNLR on October 12 th , 2021, CEO and President, Jon Bey, and VP Exploration, Sean Hillacre, visited the Sun Dog project on October 14 th […]

ALX Resources Corp. Announces Uranium Claims Acquisition and Option Extension, Athabasca Basin, Saskatchewan

ALX Resources Corp. Announces Uranium Claims Acquisition and Option Extension, Athabasca Basin, Saskatchewan

ALX Resources Corp. announced today that the Company has both staked and purchased additional claims at its 100% owned Lazy Edward Bay Uranium Project and has negotiated a three-year extension of time with an underlying vendor for two claims within its 100%-owned Newnham Lake Uranium Project . Each of the projects are located in the Athabasca Basin, Saskatchewan.Lazy Edward Bay AcquisitionsALX has executed a …

ALX Resources Corp. ( TSXV: AL ) (FSE: 6LLN) (OTC: ALXEF) (“ALX” or the “Company”) announced today that the Company has both staked and purchased additional claims at its 100% owned Lazy Edward Bay Uranium Project (“Lazy Edward Bay”), and has negotiated a three-year extension of time with an underlying vendor for two claims within its 100%-owned Newnham Lake Uranium Project (“Newnham Lake”). Each of the projects are located in the Athabasca Basin, Saskatchewan.

Lazy Edward Bay Acquisitions

ALX has executed a purchase agreement […]

Standard Uranium Announces Engagement Agreement and 2022 Winter Exploration Plans at its Sun Dog Project

Article content

VANCOUVER, British Columbia, Oct. 19, 2021 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the signing of an Engagement Agreement with Ya’thi Néné Land and Resource Office (“YNLR”) 1 , further strengthening the Company’s relationships with First Nations and northern community stakeholders. The Company is also pleased to announce plans for their winter exploration program including high resolution geophysics and diamond drilling at its 15,770-hectare, 100% wholly-owned, Sun Dog Project (the “Project”). The Project is located at the northwestern edge of the Athabasca Basin, Saskatchewan, and is south of the first uranium mining camp in Canada, the Beaverlodge District, near Uranium City. Article content

Following the signing of the Engagement Agreement with the YNLR on October 12 th , 2021, CEO and President, Jon Bey, and VP Exploration, Sean Hillacre, visited the Sun Dog […]

Uranium Royalty Corp Expands Physical Uranium Holdings to 1,048,068 Pounds of U3O8 at a Weighted Average Cost of US$37.64 per pound U3O8

VANCOUVER, BC, Oct. 19, 2021 /PRNewswire/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (" URC " or the " Company ") announces that it is entering into contracts for an additional four spot purchases totaling 400,000 pounds of U 3 O 8 at an average cost of US$45.00 per pound U 3 O 8 . Deliveries will be accomplished in October-December 2021 through book transfers to URC’s storage account at Cameco Corporation’s Fuel Services facilities in Ontario, Canada.

As a result, URC will hold a physical inventory of 1,048,068 pounds U 3 O 8 in the Cameco storage account at a weighted average cost of US$37.64 per pound. The latest Trade Tech daily spot price is at US$47.25 per pound as of October 18, 2021, leading to an increase in the net realizable value of URC’s physical uranium holdings to US$10.07 million.

It is within URC’s mandate to make periodic […]

Current Trends in Uranium Hexafluoride Industry: Market Estimation 2021-2026 and Company Profiles: Arkema, Asahi Glass, Saint-Gobain, Gujarat Fluorochemicals,,, and more | Affluence

The prime objective of the Uranium Hexafluoride market report is to provide insights on the post-COVID-19 impact which will help market players like Arkema, Asahi Glass, Saint-Gobain, Gujarat Fluorochemicals,,, and more in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America). The Uranium Hexafluoride market is predicted to witness significant growth throughout the forecast from 2021 to 2027. It commits various factors affecting industry like market environment, various policies of the government, past data and market trends, technological advancements, upcoming innovations, market risk factors, market restraints, and challenges within the Uranium Hexafluoride industry.

Request for Sample Copy of Uranium Hexafluoride Market with Complete TOC and Figures & Graphs @ https://www.affluencemarketreports.com/industry-analysis/request-sample/1811191/

The Report Presents Profiles of Competitors in the Uranium Hexafluoride market […]

Uranium Energy (UEC) gains 2.35% in Active Trading on October 18

Uranium Energy Corp (NYSE: UEC), a Corpus Christi, Texas, company, gained to close at $3.49 Monday after gaining $0.08 (2.35%) on volume of 9,496,044 shares. The stock ranged from a high of $3.73 to a low of $3.43 while Uranium Energy’s market cap now stands at $814,036,909. About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company. In South Texas, the Company’s hub-and-spoke operations are anchored by the fully-licensed Hobson Processing Facility which is central to the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company controls a pipeline of uranium projects in Arizona, New Mexico and Paraguay, a uranium/vanadium project in Colorado and a large, high-grade ferro-titanium project in Paraguay. The Company’s operations are managed by professionals with a recognized profile for […]

Is Uranium Energy Corp. (AMEX: UEC) Still Hot This Week?

Uranium Energy Corp. (AMEX:UEC) traded at $3.49 at close of the session on Monday, 10/18/21, made an upward move of 2.35% on its previous day’s price.

Looking at the stock we see that its previous close was $3.41 and the beta (5Y monthly) reads 2.43. In terms of its 52-week price range, UEC has a high of $3.77 and a low of $0.82. The company’s stock has gained about 7.72% over that past 30 days.

3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns. Click […]

Day Traders Are Driving Uranium Prices Higher

Day Traders Are Driving Uranium Prices Higher

Enthusiasm from individual traders is reshaping the market for nuclear fuel that generates a tenth of the world’s electricity and sending uranium-linked stocks higher.

After languishing for a decade after the Fukushima disaster led Japan and Germany to close nuclear reactors, spot uranium prices have shot to $47 a pound from $32.25 at the start of August. They remain below their peak of $137 in 2007, according to price-tracker UxC LLC.

U.S.-listed shares of Canadian uranium giant Cameco Corp. CCJ 5.92% have jumped more than 20% in October and almost doubled in 2021. Fellow Canadian miner Denison Mines Corp. DNN 12.73% has surged 27% this month and almost tripled this year. Texas-based Uranium Energy Corp. UEC 2.35% has climbed more than 14% in October.

Behind the rally: a run-up in uranium prices driven by individual traders, who have flocked to a new trust that gives a cheap and easy way of betting […]

Uranium Hexafluoride Market Witness Significant Growth by 2027 | Arkema, Asahi Glass, Saint-Gobain

Uranium Hexafluoride Market Witness Significant Growth by 2027 | Arkema, Asahi Glass, Saint-Gobain

“”””””””””” Latest report on the global Uranium Hexafluoride market suggests a positive growth rate in the coming years. Analysts have studied the historical data and compared it with the current market scenario to determine the trajectory this market will take in 2021-2027. The investigative approach taken to understand the various aspects of the market is aimed at giving the readers a holistic view of the global Uranium Hexafluoride market. The research report provides an exhaustive research report that includes an executive summary, definition, and scope of the market.

The study aims to provide a high-quality and reliable overview of the Uranium Hexafluoride Market, taking into account the current market situation, as COVID 19 has a major effect on the global economy as a whole. The study offers an in-depth analysis of developments in the parent market, macro-economic indicators and governing factors, along with segmental market attractiveness. The carefully shaped market […]

Best ETF Areas of Last Week

Best ETF Areas of Last Week

Wall Street was upbeat last week with the S&P 500 logging the biggest weekly rise since July as stocks rallied on earnings,

Wall Street was upbeat last week with the S&P 500 logging the biggest weekly rise since July as stocks rallied on earnings. The Dow Jones (up 1.58%) and the Nasdaq (up 2.18%) were also notable winners last week. Oil prices staged a rally last week, with United States Oil Fund LP USO adding about 1.8%. Oil prices crossed the $80-a-barrel mark amid the ongoing global power crisis. Retail sales in the United States unexpectedly increased 0.7% sequentially in September 2021, following an upwardly revised 0.9% surge in August, beating market forecasts of a 0.2% decline, in a sign of resilience from consumers.

No wonder, stocks remained upbeat in the week. The benchmark U.S. treasury yield started the week with 1.61% while it ended the week at 1.59%. Against this […]

Denison Mines shares surge on rising uranium prices, while The Valens Co. slumps on increased net losses. Here are the past week’s winners and losers

Denison Mines shares surge on rising uranium prices, while The Valens Co. slumps on increased net losses. Here are the past week’s winners and losers

Denison Mines Corp. (DML.TO) +17.3%

Spot prices of uranium skyrocketed throughout the month of September, closing at $42.60 (U.S.) per pound on Sept. 30, compared to $34.25 per pound on Aug. 31. Denison Mines, a Canadian uranium exploration and development company, saw its share price increase almost 20 per cent from market open Tuesday to market close Thursday. In its second-quarter fiscal 2021 results, the company reported revenues of $4.6 million, up from $2.9 million the prior year with a net loss of $2.4 million, down from $1 million in 2020.

Aritzia Inc. (ATZ.TO) +16.9%

Vertically integrated fashion conglomerate Aritzia reported its second-quarter fiscal 2022 results on Wednesday. Revenues increased to $350 million from $200 million the prior year with a high gross profit margin of 45 per cent, compared to 35 per cent during the second-quarter fiscal 2021. The growth in the top line, coupled with a reduction […]

Uranium Royalty Corp. (NASDAQ:UROY) trade information

Uranium Royalty Corp. (NASDAQ:UROY) has seen 0.87 million shares traded in the recent trading session. The company, currently valued at $371.27M, closed the recent trade at $5.02 per share which meant it gained $0.28 on the day or 5.95% during that session. The UROY stock price is -11.55% off its 52-week high price of $5.60 and 83.86% above the 52-week low of $0.81. The 3-month trading volume is 790.84K shares.

Sporting 5.95% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 10/15/21 when the UROY stock price touched $5.02 or saw a rise of 3.28%. Year-to-date, Uranium Royalty Corp. shares have moved 313.47%, while the 5-day performance has seen it change 23.76%. Over the past 30 days, the shares of Uranium Royalty Corp. (NASDAQ:UROY) have changed -10.90%.

3 Tiny Stocks Primed to Explode The world’s greatest […]

Why Uranium Stocks Are on Fire Today

Why Uranium Stocks Are on Fire Today

What happened

Uranium stocks sizzled hot Monday morning after a huge development in the industry reignited heavy buying in stocks across the board. Here’s how much some of the top-performing uranium stocks had rallied at their highest point in trading on Oct. 18, as of this writing: Denison Mines (NYSEMKT: DNN): up 15.2%.

Uranium Royalty (NASDAQ: UROY): up 9.5%.

Centrus Energy (NYSEMKT: LEU): up 16.9. Energy Fuels (NYSEMKT: UUUU): up 8.6%. Cameco (NYSE: CCJ): up 8.4%. So what Uranium stocks were unstoppable until last month when the world’s first and largest physical uranium exchange-traded fund , Sprott Physical Uranium Trust (OTC: SRUU.F), seemingly slowed its pace of uranium purchased from the spot market after an unstoppable spree since its inception on Canada’s Toronto Stock Exchange in July. Aggressive purchases by the fund had sent uranium prices soaring.The Sprott Physical Uranium Trust fund, though, sprang back to action this month. […]

Uranium Energy Corp. (UEC) can’t be written off after posting last 3-months Average volume of 6.60M

Uranium Energy Corp. (UEC) is priced at $3.65 after the most recent trading session. At the very opening of the session, the stock price was $3.46 and reached a high price of $3.53, prior to closing the session it reached the value of $3.41. The stock touched a low price of $3.28.Recently in News on October 4, 2021, Uranium Energy Corp to Present at the TD Virtual Uranium Roundtable. NYSE American Symbol – UEC. You can read further details here

Uranium Energy Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.77 on 09/16/21, with the lowest value was $1.51 for the same time period, recorded on 01/21/21.

3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys […]

Why ASX uranium shares are in focus on Tuesday

Why ASX uranium shares are in focus on Tuesday

ASX uranium shares could be a mover on Tuesday after the world’s largest uranium producer, Kazatomprom, announced plans to participate in a physical uranium fund. Kazatomprom, the national atomic company of Kazakhstan, contributed approximately 23% of global primary uranium production in 2020.

According to World Nuclear News , Kazatomprom’s fund will hold physical uranium as a long-term investment, with an initial US$50 million of purchases financed by its founders.

Once the fund is operating, the company plans an additional public or private offering to raise up to US$500 million for additional uranium purchases.

The timing and details of this second development stage will be determined by market conditions, Kazatomprom said.The company believes the global transition towards clean energy and, more specifically, nuclear power, provides a “strong investment thesis” for the uranium industry.Opportunities for uranium exposure have been scarce, with two uranium funds being the Sprott’s Physical Uranium Trust listed on the Toronto […]

Kazatomprom announces physical uranium fund

Kazatomprom announces physical uranium fund

Kazatomprom has announced it is to participate in a physical uranium fund, ANU Energy OEIC Limited, established on the Astana International Financial Centre (AIFC). The fund will hold physical uranium as a long-term investment, with its initial USD50 million of purchases financed by its founders and plans to raise USD500 million for additional uranium purchases in a second development stage. (Image: Kazatomprom)

The initial USD50 million is sourced from Kazatomprom at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and UAE-based investment company Genchi Global Limited at 3%. Genchi is to be the fund manager. Once the fund is operating, an additional public or private offering is planned to raise capital of up to USD500 million from institutional and/or private investors, with the proceeds to be used for additional uranium purchases. The timing and details of this second development stage will be determined by market […]

Denison Mines shares surge on rising uranium prices, while The Valens Co. slumps on increased net losses. Here are the past week’s winners and losers

Denison Mines shares surge on rising uranium prices, while The Valens Co. slumps on increased net losses. Here are the past week’s winners and losers

Winners

Denison Mines Corp. (DML.TO) +17.3%

Spot prices of uranium skyrocketed throughout the month of September, closing at $42.60 (U.S.) per pound on Sept. 30, compared to $34.25 per pound on Aug. 31. Denison Mines, a Canadian uranium exploration and development company, saw its share price increase almost 20 per cent from market open Tuesday to market close Thursday. In its second-quarter fiscal 2021 results, the company reported revenues of $4.6 million, up from $2.9 million the prior year with a net loss of $2.4 million, down from $1 million in 2020.

Aritzia Inc. (ATZ.TO) +16.9% Vertically integrated fashion conglomerate Aritzia reported its second-quarter fiscal 2022 results on Wednesday. Revenues increased to $350 million from $200 million the prior year with a high gross profit margin of 45 per cent, compared to 35 per cent during the second-quarter fiscal 2021. The growth in the top line, coupled with […]

Black Shield Acquires Mann Lake, Saskatchewan Uranium Property and Announces Proposed Name Change to Basin Uranium Corp

Black Shield Acquires Mann Lake, Saskatchewan Uranium Property and Announces Proposed Name Change to Basin Uranium Corp

Vancouver, B.C. Canada – TheNewswire – October 18, 2021, BLACK SHIELD METALS CORP. (CSE:BDX) (CNSX:BDX.CN) (“Black Shield” or the “Company”) is pleased to announce it has entered into an option agreement (the “Option Agreement”) with Skyharbour Resources Ltd. (“Skyharbour” or the “Optionor”) to acquire up to a 75% (the “Option”) of the Mann Lake Uranium Project (“Mann Lake” or the “Property”) located in the Athabasca Basin, Northern Saskatchewan, Canada.

Skyharbour owns a 100% interest in the 3,473 hectare (8,582 acre) Mann Lake Uranium Project located in the eastern Athabasca Basin in northern Saskatchewan. It is strategically located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit. Skyharbour’s Mann Lake project is also adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and […]

Scope of Uranium Mining Industry 2021-2026: Market Analysis with Trends and Opportunities | Sinosteel, CNNC, Sinohydro, Jinduicheng Molybdenum, JiangXi Copper Corporation, Areva, and more | Affluence

The prime objective of the Uranium Mining market report is to provide insights on the post-COVID-19 impact which will help market players like Sinosteel, CNNC, Sinohydro, Jinduicheng Molybdenum, JiangXi Copper Corporation, Areva, and more in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America). The Uranium Mining market is predicted to witness significant growth throughout the forecast from 2021 to 2027. It commits various factors affecting industry like market environment, various policies of the government, past data and market trends, technological advancements, upcoming innovations, market risk factors, market restraints, and challenges within the Uranium Mining industry.

Request for Sample Copy of Uranium Mining Market with Complete TOC and Figures & Graphs @ https://www.affluencemarketreports.com/industry-analysis/request-sample/17Uranium Mining53/

The Report Presents Profiles of Competitors in […]

Consolidated Uranium Announces Proposed Spin-Out of Labrador Uranium Inc., Creating a New Labrador Focused Uranium Explorer and Developer

Consolidated Uranium Announces Proposed Spin-Out of Labrador Uranium Inc., Creating a New Labrador Focused Uranium Explorer and Developer

Exercises Option on the Moran Lake Uranium and Vanadium Project

Labrador Uranium Enters Agreement with Altius Minerals to Acquire Land Position in the Central Mineral Belt

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“ CUR ”, the “ Company ” or “ Consolidated Uranium ”) (TSXV: CUR) (OTCQB: CURUF) is pleased to announce the creation and planned spin-out of Labrador Uranium Inc. (“ Labrador Uranium ” or “ LUR ”), currently a majority-controlled subsidiary of CUR focused on the consolidation, exploration and development of uranium projects in Labrador. In connection with the proposed spin-out of LUR, the Company has provided notice to exercise its option pursuant to the option agreement announced on November 18, 2020 (the “ Option Agreement ”) to acquire 100% of the Moran Lake project (the “ Moran Lake Project ”).

To effect the spin-out, the Company has entered into an […]

Why ASX uranium shares are rallying on Monday

Why ASX uranium shares are rallying on Monday

ASX uranium shares are posting broad-based gains as the bullish case for nuclear energy gathers momentum. ASX uranium shares surge on Monday

The largest ASX-listed uranium player, Paladin Energy Ltd (ASX: PDN) is up 8.64% to 88 cents.

Emerging producer Boss Energy Ltd (ASX: BOE) leads the charge, up 9.26% to 29.5 cents.

Advanced Namibia-based explorer Deep Yellow Limited (ASX: DYL) is lagging behind its peers, up 1.9% to $1.07.The most recently listed uranium explorer, 92 Energy Ltd (ASX: 92E) is also edging higher, up 6.9% to 77.5 cents.Elsewhere, speculative explorers such as Bannerman Energy Ltd (ASX: BMN) , Lotus Resources Ltd (ASX: LOT) , Vimy Resources Ltd (ASX: VMY) , Peninsula Energy Ltd (ASX: PEN) and Alligator Energy Ltd (ASX: AGE) are posting mixed gains, up between 2.8% and 14.5%. What’s driving the uranium sector? Surging oil and gas prices and an over-reliance on renewables is positioning nuclear […]

Black Shield Metals Acquires Mann Lake, Saskatchewan Uranium Property and Announces Proposed Name Change to Basin Uranium Corp

Black Shield Metals Acquires Mann Lake, Saskatchewan Uranium Property and Announces Proposed Name Change to Basin Uranium Corp

(CNSX:BDX.CN) (“Black Shield” or the “Company”) is pleased to announce it has entered into an option agreement (the “Option Agreement”) with Skyharbour Resources Ltd. (“Skyharbour” or the “Optionor”) to acquire up to a 75% (the “Option”) of the Mann Lake Uranium Project (“Mann Lake” or the “Property”) located in the Athabasca Basin, Northern Saskatchewan, Canada.

Skyharbour owns a 100% interest in the 3,473 hectare (8,582 acre) Mann Lake Uranium Project located in the eastern Athabasca Basin in northern Saskatchewan. It is strategically located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit. Skyharbour’s Mann Lake project is also adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with partners Denison Mines (30%) and AREVA (17.5%).Denison Mines acquired International Enexco and its 30% interest in the project after the […]

U.S. nuclear power generation at historical heights as investors buy uranium

U.S. nuclear power generation at historical heights as investors buy uranium

There has been a lot of talks lately about fossil fuel energy source prices rising, particularly coal and gas prices. But did you know that uranium prices are up 64% since the August low, and are now at US$47.20/lb?

Uranium prices are up 64% from the August 16, 2021 low (as on 18 October 2021)
The reason uranium prices are rising is that supply has reduced and demand is reviving with an upward trajectory.

Uranium supply
In 2020, ~46Mlbs or ~35% of global supply of uranium production (annualized), was suspended due to low prices. Kazatomprom, the world’s largest uranium miner, announced a 20% reduction in production into 2023. Cameco shuttered McArthur River and (largest in Canada) Cigar Lake mines, and there are several others . Meanwhile, U.S uranium production is non-existent, or as Ur-Energy states : “2020 – 2021Q2: U.S. uranium production continues to be so low EIA unable […]

Purepoint Uranium Announces Participation in Red Cloud's 2021 Oktoberfest Fall Mining Show Case and the 2021 New Orleans Investment Conference

Purepoint Uranium Announces Participation in Red Cloud’s 2021 Oktoberfest Fall Mining Show Case and the 2021 New Orleans Investment Conference

Chris Frostad, President and CEO, will be presenting virtually at the Red Cloud’s 2021 Virtual Oktoberfest Fall Mining Showcase on Wednesday, October 20, 2021 at 2:45 pm ET . To register for the conference, please visit: https://www.redcloudfs.com/oktoberfest2021/ .

Chris Frostad will also be hosting a luncheon presentation at the 2021 New Orleans Investment Conference on Friday, October 22, 2021 at 12:30 pm local time . During this presentation, Chris will be sharing some background on the excitement we are currently experiencing in the uranium space as uranium prices hit their tipping point ( https://youtu.be/jASihpiyg5M ). To register for this year’s New Orleans conference, please visit: https://neworleansconference.com/2021-conference-registration/ .

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin, the world’s richest uranium region. Purepoint’s flagship project is the Hook Lake Project, a joint venture with two of the […]