Category: Uranium

Ur-Energy’s in-situ mining field for uranium with water rigs set up in the background. (Pat Maio, Cowboy State Daily) Hedge funds and a major exchange-traded fund with a passive position in some publicly traded stocks in Wyoming’s uranium industry are sniffing around for investment opportunities in the critical ore needed as fuel for the nascent nuclear industry.

The names are probably not familiar to most Wyomingites, but their investment strategy is to pool money from private investors and earn above-average investment returns by finding under-the-radar possibilities.

There are others, but the biggest investors kicking the tires on Wyoming’s uranium stocks include New York City-based Segra Capital Management LLC; Cayman Islands-based Fourth Sail Capital; Canada-based MMCAP International Inc.; and New York City-based Global X Management Co LLC, an exchange-traded fund that’s owned by Seoul, South Korea-based Mirae Asset Financial Group.

All the funds are targeting publicly traded stocks in central Wyoming’s Red Desert […]

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In-brief analysis Data source: U.S. Energy Information Administration, Monthly Energy Review and Domestic Uranium Production Report
Note: Data for 2020 withheld to avoid disclosure of individual company data. U 3 O 8 =triuranium octoxide Uranium miners in the United States produced more than 82,000 pounds of uranium concentrate in the first quarter of 2024, more than in all of 2023. Domestic uranium mines produced 50,000 pounds of triuranium octoxide (U 3 O 8 ), also called uranium concentrate, in 2023, a significant decrease from the 194,000 pounds produced in 2022.

Production declined in 2023 because the United States’ only operating conventional uranium mill, the White Mesa Mill in Utah, did not produce. During 2023, uranium concentrate production occurred at five in-situ recovery facilities, four in Nebraska and one in Wyoming.

Other signs point to increased uranium mining in the United States. The number of exploration and development holes dug—a precursor […]

Click here to view original web page at www.eia.gov

Arras Minerals Toronto, Ontario–(Newsfile Corp. – August 8, 2024) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") wishes to announce that it is extending its non-brokered private placement, announced on July 12, 2024, of up to 10,000,000 working capital units (the "WC Units") of the Company at a price of $0.10 per WC Unit for up to $1,000,000 (the "Offering") to provide the Company with working capital and funding for exploration of the Corporation’s PCH Project in Brazil. The Offering is being extended until the earlier of the completion of the Offering and September 20, 2024.

Each WC Unit consists of one (1) common share of the Company priced at $0.10 per common share and one (1) common share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a […]

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The S&P/ASX 200 closed 17.8 points lower, down 0.23%.

I propose the key message to take away from today’s trade on the ASX is: It could have been worse .

We didn’t fall as much as US stock indices did overnight (they were generally down over 1%), and we managed to close around 0.5% above our low.

Still, it really depends on how your portfolio is skewed as to how you viewed today’s trade. If you’re in banks and financials, particularly AMP (+13%), along with other defensive sectors like Consumer Staples and Utilities – you probably thought today was a cracker.If on the other hand, your portfolio is skewed more to Energy and Mining names, particularly in uranium and gold…well…it’s crackers for dinner for you this Thursday night! �On that note…Let’s dive in! Today in Review Thu 08 Aug 24, 4:23pm (AEST) Name Value % Chg Major Indices ASX 200 […]

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Figure 1 – Orbit Uranium Project and Expanded Claims Vancouver, British Columbia, August 6, 2024 – Cosa Resources Corp. ( TSX-V: COSA ) ( OTCQB: COSAF ) ( FSE: SSKU ) (“ Cosa ” or the “ Company ”) – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp / – is pleased to announce completion of the previously announced expansion (the “ Acquisition ”) of the Orbit uranium Property in the Athabasca Basin, Saskatchewan (“ Orbit ” or the “ Property ”) from Skyharbour Resources Ltd. (the “ Vendor ”) pursuant to an asset purchase agreement dated July 26, 2024 (the “ Purchase Agreement ”).
Highlights Two mineral dispositions totalling 6,049 hectares have been acquired, doubling the footprint of Orbit to 12,718 hectares

Expands Cosa’s control of undrilled strike length to eight kilometres located on trend with uranium mineralization, hydrothermal alteration, and reactivated graphitic faulting to the southwest

Keith Bodnarchuk, President and CEO of Cosa, commented: […]

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Vancouver, British Columbia–(Newsfile Corp. – August 6, 2024) – Cosa Resources Corp. ( TSXV: COSA ) ( OTCQB: COSAF ) ( FSE: SSKU ) (" Cosa " or the " Company ") is pleased to announce completion of the previously announced expansion (the " Acquisition ") of the Orbit uranium Property in the Athabasca Basin, Saskatchewan (" Orbit " or the " Property ") from Skyharbour Resources Ltd. (the " Vendor ") pursuant to an asset purchase agreement dated July 26, 2024 (the " Purchase Agreement ").

Highlights Two mineral dispositions totalling 6,049 hectares have been acquired, doubling the footprint of Orbit to 12,718 hectares

Expands Cosa’s control of undrilled strike length to eight kilometres located on trend with uranium mineralization, hydrothermal alteration, and reactivated graphitic faulting to the southwest

Keith Bodnarchuk, President and CEO of Cosa, commented: "We are very pleased to double the footprint of […]

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Vancouver, British Columbia–(Newsfile Corp. – August 6, 2024) – Cosa Resources Corp. ( TSXV: COSA ) ( OTCQB: COSAF ) ( FSE: SSKU ) (" Cosa " or the " Company ") is pleased to announce completion of the previously announced expansion (the " Acquisition ") of the Orbit uranium Property in the Athabasca Basin, Saskatchewan (" Orbit " or the " Property ") from Skyharbour Resources Ltd. (the " Vendor ") pursuant to an asset purchase agreement dated July 26, 2024 (the " Purchase Agreement ").

Highlights Two mineral dispositions totalling 6,049 hectares have been acquired, doubling the footprint of Orbit to 12,718 hectares

Expands Cosa’s control of undrilled strike length to eight kilometres located on trend with uranium mineralization, hydrothermal alteration, and reactivated graphitic faulting to the southwest

Keith Bodnarchuk, President and CEO of Cosa, commented: "We are very pleased to double the footprint of […]

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

Zinger Key Points Uranium explorers urge Western Australia to lift the mining ban, tapping into rising global demand and high uranium prices.

Lifting the ban could unlock $1 billion annually, create 9,000 jobs, and capitalize on Australia’s vast uranium reserves.

Uranium explorers are calling on Western Australian authorities to lift the ban on uranium mining to capitalize on rising global demand and prices. Australia holds nearly a third of the world’s known uranium reserves, yet only two out of its eight states and territories, South Australia and the Northern Territory, permit mining .

Uranium prices have surged, driven by the global shift toward nuclear energy as part of the energy transition. This rise in demand is essential for meeting decarbonization goals, with many countries planning to increase their nuclear energy capacity significantly.Still, Australia has only two operating projects, producing a fraction of its capabilities and potentially missing export opportunities."The bans […]

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Deep Yellow head of business development Andrew Mirco Deep Yellow head of business development Andrew Mirco Creamer Media Senior Deputy Editor Online

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Pure-play uranium company Deep Yellow aims to produce ten-million pounds a year within the next decade, driven by strong demand and a market deficit, says head of business development Andrew Mirco .

Speaking at the Diggers and Dealers conference in Kalgoorlie, he outlined the company’s plans, highlighting the construction of the Tumas project , in Namibia, and Mulga Rock mine, in Australia, as key developments. Tumas was set to be operational by 2026 and Mulga Rock would come on line by 2028.These two long-life assets would be producing well into the 2050s and 2060s in a market with limited greenfield production, he said.Following a successful capital raise in March, Deep Yellow is in a strong position, boasting A$257-million in cash, no debt, and a market […]

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The Nuclear Surge is Here

This free educational series powered and disseminated on behalf of Uranium Royalty Corp will explore the case for nuclear and why it’s the key to the world’s energy requirements. By every possible metric, nuclear is the best, most reliable source of carbon-free energy on the planet. Module 1

A brief history of nuclear power in the U.S.: How it started,

Why it stalled, and Where it’s going. CHAPTER 1 The True Story of Nixon’s Nucleargate Nixon seized on the nuclear frenzy with a program to have 1,000 plants built. But on its rocket-ship trajectory, nuclear faced five major problems.CHAPTER 2 The Anti-Human Environmentalist Who Nearly Exterminated Nuclear In 1966, one man voted against building a plant, marking the beginning of the end for nuclear power.CHAPTER 3 Why the Great Nuclear Bandwagon Crashed and Burned A partial meltdown of a reactor […]

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Weekly Reports | 10:00 AM

Cameco and Kazatomprom create short term U308 spot price volatility, continued price weakness for H2 and Australian producers wrestle with cost rises.

-Trading volumes up at month’s end
-More uranium price weakness for H2
-Mine restarts impacted by inflation Supply concerns prompt spot price volatility The U308 spot price market ended the month of July with a welcome flurry of activity and price strength as 800,000lbs of transactions were completed, compared to only eight transactions in the preceding July 31 from June 30 period.Industry consultant TradeTech points to the second quarter earnings call for Cameco as the catalyst. Concerns over supply problems from Kazatomprom elicited the momentum of sales at month’s end and a spot price move to US$86.50lb, before buyers retreated.Concerns were at least temporarily ameliorated at the Kazatomprom August 1 trading update, which didn’t disappoint the market. By August 2, the […]

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GX URA Elliott Wave analysis

The GX URA ETF, or Global X Uranium ETF, is designed to track the performance of companies within the uranium industry. This ETF provides investors with a diversified portfolio that includes firms involved in uranium mining, exploration, and production globally. As nuclear power gains recognition as a cleaner energy alternative, the demand for uranium is expected to rise, making the GX URA ETF an appealing option for investors aiming to benefit from the sector’s growth. GX URA ETF Elliott Wave analysis

The GX URA ETF has resumed its downward trajectory, continuing the sell-off that began from its peak in May 2024. The recent decline suggests the formation of a bearish impulse wave structure, indicating that further downside movement is likely in the coming weeks. Daily chart analysis

On the daily chart, the bullish corrective cycle that began in March 2020 concluded on May 21, […]

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Energy Fuels Inc. (NYSE American: UUUU) reported Q2-2024 results, highlighting uranium mining and successful commissioning of commercial rare earth separation . Key points include:

1. Robust balance sheet with over $200 million in liquidity and no debt
2. Uranium sales of 100,000 pounds at $85.90/lb, generating $8.59 million in revenue
3. New long-term uranium contract with a U.S. utility for up to 550,000 pounds
4. Successful commissioning of Phase 1 REE separation circuit , producing ‘on-spec’ separated NdPr
5. Plans to ramp up uranium production to 1.1-1.4 million pounds annually by late-2024 6. Agreements to add two world-scale rare earth and heavy mineral sand projects to portfolioThe company is positioning itself as a critical minerals producer for the energy transition, focusing on uranium, rare earth elements, and heavy mineral sands.Positive Robust balance sheet with $200.94 million working capital and no debt Uranium sales of 100,000 pounds generating $8.59 million revenue […]

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VANCOUVER, British Columbia, July 31, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that, further to its news releases dated July 16, 2024, July 17, 2024 and July 29, 2024, it has closed a non-brokered private placement offering for total gross proceeds of $2,533,000.98 (the “ Offering ”).

The Company has allotted and issued 26,866,622 Flow-Through Units of the Company (each, a “ FT Unit ”) at a price of $0.09 per FT Unit and 1,353,000 Non-Flow Through Units of the Company (each, a “ Unit ) at a price of $0.085 per Unit. Each FT Unit consists of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “ FT Share ”) and one-half of one common share purchase warrant (each whole […]

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No doubt you’re aware of just how lousy things were on the Aussie stock market today , so I won’t delay you from an explanation of how lousy, who lousy, and where lousy from here…�

Let’s dive in! Markets

XJO Intraday Chart 02 August 2024 ASX 200 Session Chart

The S&P/ASX 200 ( XJO ) finished 171.5 points lower at 7,943.2, 2.59% from its session high and just 0.29% from its low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by an almost unanimous 30 to 242.For the week, the XJO finished down 21.9 points or 0.28% lower, a painful 2.59% from its intraweek high of 8148.7 and 0.62% from its intraweek low.All 11 of the major ASX sectors were down today, and apart from the typically defensive Utilities ( XUJ ) (-0.06%), the damage started at down 1.3% and tanked steadily from there.Defence was the name […]

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Uranium Royalty Corp (NASDAQ: UROY) (TSX: URC) has completed the acquisition of an additional royalty on a portion of the Churchrock uranium project in New Mexico, USA. The project, owned by Laramide Resources , is an advanced stage, in-situ recovery uranium project located in the Grants Mineral Belt. The newly acquired royalty is structured as a 6% Gross Overriding Royalty on the ‘Mine Price’, covering 10 patented mining claims in Section 8 property (640 acres). URC paid US$3.5 million in cash for this royalty. The Churchrock Project is considered one of the largest and highest-grade undeveloped ISR uranium projects in the United States , potentially offering significant value to URC’s portfolio.

Positive Acquisition of additional royalty on a promising uranium project

Royalty covers 640 acres of patented mining claims

Project is one of the largest and highest-grade undeveloped ISR uranium projects in the US Strategic expansion in the Grants Mineral […]

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Vancouver, British Columbia–(Newsfile Corp. – August 1, 2024) – OBERON URANIUM CORP. (CSE: OBRN) (" Oberon " or the " Company ") announces that the Company has ceased to be an insider of Forty Pillars Mining Corp. ("Forty Pillars"), having sold an aggregate of 565,000 shares of Forty Pillars ("PLLR Shares") at a price of $0.065 per PLLR Share through the facilities of the Canadian Securities Exchange. Oberon sold 190,000 PLLR Shares on July 23, 2024, and sold an additional 375,000 PLLR Shares on July 31, 2024. Following the sales of the PLLR Shares, Oberon now holds an aggregate of 1,435,000 PLLR Shares, representing approximately 8.3% of the issued and outstanding PLLR Shares. Depending on the circumstances, Oberon may, from time to time, acquire additional securities or related financial instruments of Forty Pillars or dispose of all or a portion of the securities or related financial instruments of Forty […]

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We recently compiled a list of the 14 Best American Energy Stocks To Buy According to Analysts . In this article, we are going to take a look at where Uranium Energy Corp. (NYSE:UEC) stands against the other American energy stocks.

Energy, primarily oil, drives the economy. This makes it one of the most important sectors for global and American economic prosperity. This importance has changed the US economic landscape quite a bit over the past couple of years. According to the Energy Information Administration (EIA), 2020 was a historic year for the US energy industry as it was the first time since 1949 that America became a net petroleum exporter. In 2020, the US imported 7.86 million barrels of oil per day, which was 640,000 barrels lower than its 8.50 million barrels per day of exports. Since then, US energy exports have continued to grow, and the oil surplus […]

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ENRG Elements is making its way into uranium elephant country in the northern part of Canada’s Saskatchewan province. Critical metals explorer ENRG Elements has inked a deal worth $250,000 in scrip and cash to buy 100 per cent of the Lamont Lake uranium exploration project in the northern part of the Canadian province of Saskatchewan – a region renowned for its uranium riches.

The binding agreement is with an un-associated private vendor and is subject to due diligence by ENRG. Completion is expected to take place in the first week of October with a cash payment of CA$27,500 (AU$30,250) and the issue of 33.33 million shares, representing 5.4 per cent of the outstanding shares capital in ENRG.

A final payment of AU$100,000 in cash or shares at the company’s discretion will then be paid within the following six months.

The Lamont Lake prospect is 85km north-west of the Uranium City settlement on […]

Click here to view original web page at thewest.com.au

ASTANA. Aug 1 (Interfax) – Kazatomprom (KAP) boosted uranium production 6% year-on-year in H1 2024 to 10,857 tonnes, Kazakhstan’s national nuclear company said in a press release.

Production on an attributable basis rose 7% to 5,797 tonnes.

"Production, both on a 100% and attributable basis, was slightly higher in the second quarter and the first half of 2024 compared to the same periods in 2023. This increase is due to modest adjustments in the annual and Q2 2024 production plans, driven by higher Subsoil Use Agreement requirements. The rise in production volume also results from resuming 2023 drilling work and the Company’s efforts to catch up on production rates. Additionally, the Company has secured the necessary volumes of sulfuric acid for 2024 production, even with a 20% reduction compared to Subsoil Use Agreements," according to the press release.

However, Kazatomprom and its subsidiaries saw an 18% decrease in sales in the first […]

Click here to view original web page at interfax.com

Lawson Winder , an analyst from Bank of America Securities, reiterated the Buy rating on Cameco ( CCJ – Research Report ). The associated price target is C$82.00.

Lawson Winder has given his Buy rating due to a combination of factors including the strong demand for uranium and several potential market catalysts that could positively impact Cameco’s stock (CCJ). Despite a second-quarter earnings miss partly due to lower sales volume, increased third-party purchases, and production challenges, Cameco has maintained its full-year EBITDA guidance, signaling confidence in a stronger second half of the year. The company has also been strategic in building its contract portfolio, showing growth in its contracted delivery commitments, which is an encouraging sign for future revenue stability.

Moreover, Winder’s optimism is bolstered by the anticipation of events that could drive uranium prices higher, such as the United States’ waiver window on Russian imports, potential supply disruptions, and updates […]

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Cameco ( CCJ ): With uranium supply unlikely to match demand any time soon, the argument for further upside is easy to make.

NexGen Energy ( NXE ): According to NexGen’s latest investor presentation, it expects uranium demand to explode by 127% by 2030.

Energy Fuels ( UUUU ): About 11 UUUU insiders bought stock in early May.

Read more about the top uranium stocks to buy and hold. Source: RHJPhtotos / Shutterstock It’s time to buy and hold long-term uranium stocks.For one, the supply-demand situation is only getting worse. The Russian uranium ban goes into effect on August 1 . And the government of Kazakhstan just increased its extraction tax , which will limit supply growth. Two, with the artificial intelligence boom showing no signs of slowing, uranium could help fuel energy needs.Plus, as noted by Wells Fargo , after years of flat power growth in the […]

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Cameco Corp.’s McArthur River uranium mine in northern Saskatchewan. Article content

Northern Saskatchewan is about to undergo an economic boost because it has an abundance of natural resources, especially uranium , which is quickly becoming a hot commodity as much of the world looks to nuclear power to reduce carbon emissions .

The area is currently home to multiple uranium mines including Cameco Corp. ‘s McArthur River/Key Lake and Cigar Lake. There are also mines currently in development, including NexGen Energy Ltd.’s Rook I Project.

Trending data-hide-on-overlap=”.ad__container” data-hide-on-overlap-component=””> Alberta town near Sask. border takes action fighting crime, addressing homelessness and addictionsOpinion: Saskatchewan resists every policy to fight climate crisisTank: Saskatchewan continues to fail miserably at reducing crimeServices companies gearing up to meet growing mining needs in northern SaskatchewanArticle contentThe potential growth in the mining sector means an increase in demand for […]

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Energy

Liens/iStock via Getty Images Long-term uranium contract prices have hit their highest in more than 16 years on supply uncertainty and higher demand from utilities scrambling for fuel to expand their capacity to power artificial intelligence data centers, Reuters reported Monday.

Term prices are Recommended For You More Trending News See More » About URA ETF Symbol Last Price % Chg URA 27.28 0.85% Post 27.28 Created with Highcharts 11.2.0 Jul 25 Jul 26 Jul 29 Jul 30 26 27 28 Expense Ratio0.69%Div FrequencySemiannualDiv Rate$1.71Yield6.31%Assets (AUM)$3.12B Compare to Peers Related Stocks Symbol Last Price % Chg URA 27.28 0.85% Global X Uranium ETF Post. 27.28 0.00% URNM 45.20 1.32% Sprott Uranium Miners ETF Post. 45.20 0.00% SRUUF 17.90 0.39% Sprott Physical Uranium Trust – Unit Post. 17.91 0.05% NLR 76.64 0.33% VanEck Uranium […]

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Long-term uranium contract prices have reached over 16-year highs due to supply uncertainty and increased demand from utilities expanding capacity for AI data centers. Current term prices are around $79 per pound, the highest since 2008, with expectations of further increases.

Cameco, a leading uranium miner, reported securing contract prices with ceilings of $125-130 per pound and floors of $70-75 per pound, the best prices seen in over a decade. Spot uranium prices , which hit a 14-year high in February 2024, are now around $82 per pound. Uranium Market is Heating Up

Uranium is the primary fuel for nuclear energy. The International Energy Agency predicts that global nuclear generation could double by 2050, calling for a corresponding increase in supply.

However, Plenisfer Investments estimates that prices must exceed the marginal cost of production, currently $90-$100 per pound, by at least 30% to incentivize new projects. This projection suggests a […]

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