Category: Uranium

Uranium Energy Corp (NYSE American: UEC) reports significant drill results from its Roughrider Project in Northern Saskatchewan, Canada. The company intersected 6.96% eU3O8 over 13.5 m with a higher-grade sub-interval of 12.7% eU3O8 over 7.2 metres in drill hole RR-940, located 850 m northeast of the Roughrider Deposit. This represents the best hole to date outside the resource area.

UEC is advancing Roughrider through a three-pronged approach: expanding resources with additional drilling, completing an Initial Assessment Technical Report , and conducting Environmental Assessment baseline studies . The company is utilizing new Ambient Noise Tomography (ANT) survey technology to identify new targets along existing exploration corridors.

Positive Intersected high-grade uranium mineralization: 6.96% eU3O8 over 13.5 m with 12.7% eU3O8 over 7.2 metres

Best drill hole to date outside the resource area, potentially expanding the project’s resources Utilization of new ANT survey technology to identify new exploration targets Accelerated project work with three […]

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Uranium Energy (UEC) closed at $4.88 in the latest trading session, marking a +0.62% move from the prior day. This move lagged the S&P 500’s daily gain of 0.97%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 1.39%.

Shares of the uranium mining and exploration company witnessed a loss of 17.24% over the previous month, trailing the performance of the Basic Materials sector with its loss of 4.6% and the S&P 500’s loss of 1.85%.

Investors will be eagerly watching for the performance of Uranium Energy in its upcoming earnings disclosure. Alongside, our most recent consensus estimate is anticipating revenue of $27 million, indicating a 30.68% downward movement from the same quarter last year.

Investors should also take note of any recent adjustments to analyst estimates for Uranium Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about […]

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Uranium – chemical element Uranium in periodic table of elements by HT Ganzo via iStock Uranium is a silvery-white chemical element and an energy commodity. Enriched uranium U-235 concentrations are critical fuel for nuclear power plants and reactors that power naval ships and submarines. Uranium is also crucial for atomic weaponry. The demand for uranium has been rising, and the price has been in a bull market since 2016. Rising demand for uranium has put upward pressure on uranium mining shares.

The uranium price is in a bull market

Uranium prices have been increasing in a bullish trend over the past eight years. A graph showing the price of a stock market Description automatically generated Source: Cameco.com

The chart shows the price appreciation from 2016, when the spot price was $18 and Cameco’s long-term price was $30. At the end of July 2024, the spot price was sitting at […]

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Summary

Denison Mines is a Canadian uranium development company listed in the U.S. and Canada, with recent stock price volatility.

Denison’s main asset is the Wheeler River Project, including Phoenix and Gryphon, with strong projected economics.

Denison is well-capitalized with no debt, trading at an attractive valuation, with an enterprise value to NAV ratio of 0.5 using current uranium prices. Looking for a portfolio of ideas like this one? Members of Off The Beaten Path get exclusive access to our subscriber-only portfolios. Learn More » HT Ganzo Overview Denison Mines (NYSE: DNN ) is a Canadian high-quality uranium development company with several interesting assets. The company is listed in the U.S. and Canada (TSX: DML:CA ). I have covered Denison a few times with my first article on the company in 2020, the prior articles can be found here .The stock price of Denison had […]

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Source: Streetwise Reports 08/14/2024

NexGen Energy Ltd. NXE has reported an expansion of the mineralized zone at its Patterson Corridor East (PCE) site, following the commencement of its summer drill program on May 21.

To date, eight out of twelve drill holes have intersected mineralization, with extensive mineralization identified along a 540-meter strike and 600-meter vertical extent. The results include four drill holes with high-grade uranium mineralization, including the best hole to date, RK-24-207, which has shown massive uraninite replacement—a key indicator of a strongly mineralized system.

The latest findings highlight the presence of off-scale uranium mineralization (greater than 61,000 counts per second), which further underscores the potential of PCE to become a significant uranium deposit. The drilling program has already completed 10,045.5 meters of the planned 22,000 meters, with assay results from the mineralized intersections expected in the fourth quarter of 2024. The Push For Uranium NexGen Energy Ltd. […]

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TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF Glass Lewis joins ISS’ earlier recommendation for shareholders to vote FOR the Arrangement Resolution at the upcoming special meeting of securityholders

Shareholders are encouraged to vote well in advance of the proxy deadline of August 22, 2024 at 10:00 a.m. (Pacific time)
Shareholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416- 304-0211 (Outside North America), or by email at assistance@laurelhill.com KELOWNA, BC, Aug. 16, 2024 /CNW/ – FISSION URANIUM CORP . (" Fission " or the " Company ") is pleased to announce Glass Lewis & Co. (" Glass Lewis ") has recommended shareholders of Fission (" Fission Shareholders ") vote FOR the previously announced plan of arrangement (the " Arrangement ") with Paladin […]

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Uranium is a silvery-white chemical element and an energy commodity. Enriched uranium U-235 concentrations are critical fuel for nuclear power plants and reactors that power naval ships and submarines. Uranium is also crucial for atomic weaponry. The demand for uranium has been rising, and the price has been in a bull market since 2016. Rising demand for uranium has put upward pressure on uranium mining shares.

The uranium price is in a bull market

Uranium prices have been increasing in a bullish trend over the past eight years. Barchart Source: Cameco.com

The chart shows the price appreciation from 2016, when the spot price was $18 and Cameco’s long-term price was $30. At the end of July 2024, the spot price was sitting at $84.25, and the long-term price was $79.50.The global fundamentals for uranium have improved over the past years, pushing the price higher. The world’s leading producing countries […]

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The village of Elim in June. Ben Townsend photo. A public comment period regarding Panther’s Minerals Application for Permit to Mine (APMA) has concluded. Comments obtained by KNOM Radio reveal an overwhelming number of respondents in opposition to the permit application.

The project seeks to further explore a region known to contain uranium deposits about 30 miles north of Elim. The village has strongly opposed the Canadian mining company’s efforts, including adopting a resolution signed by leaders of their tri-entities.

Now, the public comment period has given residents and the region an opportunity to weigh in on the record.

Many of the comments cite potential environmental and health risks caused by uranium mining. “No mining for uranium! I don’t want my children and their children to be affected by it! We lean on subsistence foods for the long winter months! Uranium mining will harm the animals we survive on. Go find somewhere […]

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The S&P/ASX 200 closed 105.6 points higher, up 1.34%.

105 points to the better. Recouping all, and then some of last week’s losses.

Hey’ we’re not back at record highs, but another couple of sessions like today and we will be. It’s almost as if the correction last week and the week before never happened .

But it did . And that’s more than just a bit annoying! �Anyways, let’s let bygones be bygones and bask in the glory of today’s massive gain – a again that for once featured Energy and Resources stocks.If you’re one who has deliberately refused to check the stocks in your portfolio from those sectors for about 3 months now…you might want to take a little sneaky peaky tonight – especially if you own uranium, lithium and copper stocks! �On that cheery note…Let’s dive in! Today in Review Fri 16 Aug 24, 4:28pm (AEST) Name […]

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Source: Shutterstock There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So, the natural question for Elevate Uranium ( ASX:EL8 ) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We’ll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

See our latest analysis for Elevate Uranium Does Elevate Uranium Have A Long Cash Runway?

A company’s cash runway is calculated by dividing its cash hoard […]

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Global Atomics’ (TSX:GLO) Dasa uranium project in Niger continues to be supported by the country’s government, the company revealed in its Q2 2024 results, which it said has not been affected by political developments over the past year.

“We came here, we visited the mine, and we launched the earth-breaking operations for the mill construction. Dasa is a reality everyone can see,” Osumane Abarchi, mines minister and commissaire colonel, said in the company’s statement after a recent site visit. “We want Dasa to be the start of new Niger mining practice with expectations on state income, employment and environment management.”

More than 1,200 metres of ramp development has been completed since November 2022 with 7,000 tons of development ore hauled to surface to date. Uranium spot price update

As of the time of this writing on Wednesday, the uranium spot price sits at US$81.50, according to Business Insider , which is […]

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Vancouver, British Columbia, Canada – TheNewswire – August 15th, 2024 – Generation Uranium Inc. (the “Company” or “Generation”) (TSXV: GEN) (OTCQB: GENRF) (FSE: W85) is pleased to announce that, in preparation for an upcoming diamond drill program in 2025, the Company has initiated the permitting process to engage in advanced exploration activities on its flagship Yath Uranium Project (“Yath”) located in Nunavut, Canada. The applications include the recent acquisitions of the Yellow Frog and Pink Toad Uranium Projects, contiguous extensions to Yath on the Angilak Trend in the Yathkyed Basin.

Through APEX Geoscience Ltd., the Company is preparing a multi-year permit application for drilling, camp, and water use, which will be submitted to the Land Use Permit office through Crown-Indigenous Relations and Northern Affairs Canada for approval. The application will include provisions for a base camp accommodating 10-15 individuals, who will commence prospecting on the property to follow up on […]

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Infini Resources is on the hunt for uranium in Canada’s Newfoundland and Labrador province to provide the yellowcake required to fuel global energy demand. Infini Resources is planning a phase-two soil geochemical program in Canada’s Newfoundland and Labrador province in a bid to emulate its previous eye-popping uranium results that propelled its shares upward for a massive 567 per cent gain in July – rocketing from a 15.5c closing price on June 26 to touch an intraday high of $1.035 on July 16.

The company is seeking to unearth multiple new anomalies coincident with historical high radon gas readings and extend the uranium results from its initial phase-one campaign. That earlier soil program set ASX hearts racing when assay results returned up to 74,997 parts per million uranium oxide, sending the company’s share price on the stellar run.

Management says the latest soil survey will be conducted on a grid-basis of […]

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Source: Shutterstock We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given this risk, we thought we’d take a look at whether GoviEx Uranium ( CVE:GXU ) shareholders should be worried about its cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. Let’s start with an examination of the business’ cash, relative to its cash burn.

View our latest analysis for GoviEx Uranium When Might GoviEx Uranium Run Out Of Money?

A cash runway is defined as the length of […]

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K2 Gold VANCOUVER, BC, Aug. 14, 2024 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) , ("Blue Sky" or the "Company") announces a non-brokered private placement for the sale of: (i) a minimum of 20,000,000 units of the Company (each, a " Unit ") at a price of $0.045 per Unit (the " Offering Price ") for aggregate gross proceeds of $900,000; and (ii) a maximum of 21,000,000 Units at the Offering Price for aggregate gross proceeds of $945,000 (the " Offering "). Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

Each Unit will consist of one common share in the capital of the Company (each, a " Common Share ") and one transferrable Common Share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional Common Share (each, a " Warrant Share […]

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NexGen Energy Ltd. (NXE:TSX; NXE:NYSE.MKT) has reported an expansion of the mineralized zone at its Patterson Corridor East (PCE) site , following the commencement of its summer drill program on May 21.

To date, eight out of twelve drill holes have intersected mineralization, with extensive mineralization identified along a 540-meter strike and 600-meter vertical extent. The results include four drill holes with high-grade uranium mineralization, including the best hole to date, RK-24-207, which has shown massive uraninite replacement—a key indicator of a strongly mineralized system.

The latest findings highlight the presence of off-scale uranium mineralization (greater than 61,000 counts per second), which further underscores the potential of PCE to become a significant uranium deposit. The drilling program has already completed 10,045.5 meters of the planned 22,000 meters, with assay results from the mineralized intersections expected in the fourth quarter of 2024. The Push For Uranium

NexGen Energy Ltd. operates within […]

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Vancouver, British Columbia–(Newsfile Corp. – August 13, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to confirm that it continues to raise funds under its previously announced non-brokered private placement financing (the "Financing") (see Myriad’s news release dated June 12, 2024). Under the first tranche of the Financing, Myriad raised gross proceeds of $2,912,500 through the issuance of 11,650,000 units (each, a "Unit") at a price of $0.25 per Unit (see Myriad’s news release dated June 25, 2024). Each Unit is comprised of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant"), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.30 per Share for twenty-four (24) months from the date of issuance.

The Company intends to raise […]

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Casper, Wyoming, August 13, 2024 – Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – is pleased to announce the successful startup of uranium production at its past-producing Christensen Ranch In-Situ Recovery (“ISR”) operations in Wyoming.

Production commenced in the previously operated Mine Unit 10 at Christensen Ranch on August 6th. To date, uranium concentrations in the initial production patterns are meeting expectations and are anticipated to rise in the coming weeks. All planned startup milestones, including the hiring and training of the initial restart workforce for both the Irigaray Central Processing Plant (“CPP”) and Christensen Ranch, have been achieved to ensure a successful ramp-up of uranium production. Approximately 40% of the total workforce is from Johnson County, with other employees originating from Campbell, Converse, Carbon, Laramie and Natrona Counties in Wyoming.

The first shipment of yellowcake is anticipated to occur in November or December 2024. This […]

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VANCOUVER, British Columbia, Canada – ( NewMediaWire ) – August 13, 2024 – Generation Uranium Inc. (the "Company" or "Generation") (TSXV: GEN) (OTCQB: GENRF) (FSE: W85) is pleased to announce that its common shares, quoted under the symbol "GENRF" on the OTCQB stock exchange, are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company ("DTC"). DTC eligibility is expected to simplify the process of trading and enhance liquidity of Generation shares in the United States.

The DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S.-based entity responsible for the electronic clearing and settlement of publicly traded companies. Securities eligible for electronic clearance and settlement through the DTC are designated as "DTC eligible." This electronic clearing method expedites the receipt of stock and cash, thereby accelerating the settlement process for investors and brokers.

"We are pleased to have received DTC eligibility […]

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A map indicating the location of the Beisa North and South projects A map indicating the location of the Beisa North and South projects Photo by Neo Energy Metals

Creamer Media Senior Deputy Editor Online

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Neo Uranium Resources Beisa Mine (NURB), a subsidiary of South Africa – and London-listed Neo Energy Metals (NEO), has signed a binding agreement to acquire the Beisa North and Beisa South uranium and gold projects , in the Witwatersrand basin, in Gauteng, from Sunshine Mineral Reserve.The projects comprise resources of 90.24-million pounds of triuranium octoxide (U 3 O 8 ) and 4.17-million ounces of gold and lie immediately north and south of the previous producing high-grade Beisa uranium mine and adjoin existing multimillion-ounce gold mining operations of Harmony Gold Mining Company and Sibanye-Stillwater.NEO, which also owns the Henkries uranium project , near Springbok, in South Africa ‘s Northern Cape province, says the […]

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Classified in: Mining industry , Business
Subject: BOARD OF DIRECTORS

CALGARY, Alberta, Aug. 12, 2024 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the " Company " or " Traction ") announces the resignation of Faizaan Lalani as a Director of the Company. Mr. Lalani has been a Director of Traction since 2020.

"We would like to thank Faizaan for all of his invaluable contributions to the Company," Paul Gorman, Chief Executive Officer of the Company said. "We wish him all the best in his future endeavours."
About Traction Uranium Corp. Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral exploration and the development of discovery prospects in Canada, including its two uranium projects in the world-renowned Athabasca Region.We invite you to find out more about our exploration-stage activities across Canada’s Western region at https://tractionuranium.com/. On Behalf of […]

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Logo of Russian atomic energy agency Rosatom (AFP)

The United States passed a bill on Monday temporarily banning Russian imports, however, it includes loopholes that enable US buyers to continue their trade relationship with Moscow. The law was approved by the US Congress and signed by President Joe Biden on May 13.

Although the legislative norm is valid and is expected to be lifted on December 31, 2040, the US Department of Energy in consultation with the State Department and Department of Commerce has the right to continue uranium deliveries with Russia in cases that serve Washington’s interests until January 1, 2028.

The initiative to ban Russian uranium imports was initially submitted by Republican Congresswoman Cathy McMorris Rodgers to the US House of Representatives in February 2023, backed by Wyoming Senator John Barrasso in March with the introduction of a similar initiative to the Senate. US reliance on Russian imports […]

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Ilala Metals opens IPO to raise $5 million, to drive uranium and copper exploration across assets Ilala Metals Ltd is set to become the newest copper and uranium explorer on the ASX, having opened an initial public offering (IPO) to raise $5 million in additional funding, with capacity for up to $8 million should the IPO be oversubscribed.

The company plans to list under code IL1, with the IPO scheduled to end in late August. This fresh capital will support exploration and drilling at its Botswanan assets, specifically the Serule Uranium Project and Central Copper Project (CCP) in the Kalahari Copper Belt.

“We are delighted that our IPO to raise a minimum of $5 million has now opened,” Ilala Metals chair Dr Eric Lilford said.

“The Serule Project, whilst in early stages, has huge potential, being probably the most sought-after uranium project in Botswana now.”The company expects a strong pipeline of exploration […]

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In this article, we explore the top 15 countries with the largest uranium reserves in the world in 2024. If you want to skip our detailed analysis, you can go to 5 Countries with the Largest Uranium Reserves in the World in 2024 .

Uranium is often thought to be rare due to its crucial role in nuclear energy and associated costs and risks. However, uranium is abundant, more than gold and silver, and similar to tin in the Earth’s crust. During the Cold War, the USSR mined over 377,000 tonnes of uranium for various uses, including nuclear reactors and naval fuel.

Uranium production surged from the 1960s to the 1980s, driven by the demand for nuclear reactors, leading to the construction of the first generation of nuclear plants. Currently, about 436 nuclear reactors are operational worldwide. The war in Ukraine has brought renewed attention to uranium due to its use […]

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Boss Energy MD Duncan Craib. Pic: Diggers and Dealers Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News. Most large uranium stocks have been on a dive for months as lull hits yellowcake sentiment

But Boss Energy MD Duncan Craib says investors shouldn’t lose sight of 2024’s supply deficit

Craib calls for state govs to embrace uranium sector, echoing opposition leader Peter Dutton

Uranium stocks were among the star performers of 2023, but 2024 has proven tougher as spot prices retraced from 16-year highs of US$107/lb in January back to US$82.25/lb.Despite term prices rising to long-term highs of ~US$80/lb, an indicator of prices paid by utilities under contracts with miners, most large ASX uranium stocks have been down between 35-50% since late May.For Boss Energy (ASX:BOE) , which recently reopened the Honeymoon uranium mine in South Australia, that slide […]

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