Category: Uranium

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The U308 spot market takes a breather for summer, while US utilities and states look to restart nuclear facilities, and Paladin and Boss Energy report quarterly updates.

-Higher costs take the shine off Aussie producers
-U308 trading floats in a band
-IEA forecasts robust demand for energy Even if summer holidays and the ongoing uncertainty around the Russian importation waivers have sapped activity levels from the U308 spot market, news on the uranium and nuclear front continues. Quarter activity reports for Paladin and Boss Energy Paladin Energy ((PDN)) was back in the spotlight last week post its 4Q FY24 report which revealed higher than expected operating costs, with Macquarie pointing towards to the one-off nature of the Langer Heinrich restart.Citi noted U308 production of 517,597lbs up to June 30 which was above its own forecast and also better than Morgan Stanley’s estimate at […]

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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 27.05 -1.78% Post 27.05 Created with Highcharts 11.2.0 Jul 24 Jul 25 Jul 26 Jul 29 26 27 28 Expense Ratio0.69%Div FrequencySemiannualDiv Rate$1.71Yield6.20%Assets (AUM)$3.12B Compare to Peers Related Stocks Symbol Last Price % Chg URA 27.05 -1.78% Global X Uranium ETF Post. 27.05 0.00% URNM 44.61 -1.96% Sprott Uranium Miners ETF Post. 44.61 0.00% SRUUF 17.83 -1.11% Sprott Physical Uranium Trust – Unit Post. 17.82 -0.04% NLR 76.39 -1.34% VanEck Uranium […]

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Skyharbour Resources Ltd logo Vancouver, BC, July 29, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that it has entered into a property purchase and sale agreement (the “Agreement”) with Cosa Resources Corp. (“Cosa”) dated July 26 th , 2024, whereby Skyharbour will sell Cosa two (2) mineral claims, comprising approximately 6,049 hectares. These two claims represent a small portion of Skyharbour’s Karin Property and are located in Saskatchewan about 22 km south of the Key Lake Mill. In consideration for the claims, Cosa will issue to Skyharbour 250,000 common shares in the capital of Cosa (the “Consideration Shares”). Skyharbour originally acquired the claims through low-cost, online staking. The Company retains ownership in five other adjacent claims constituting the new Karin Project which is now 19,116 hectares.

Karin Uranium Project:

The original Karin […]

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Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF ) has entered into an agreement with Cosa Resources Corp. to sell two mineral claims, comprising approximately 6,049 hectares, from its Karin Property in Saskatchewan. In exchange, Skyharbour will receive 250,000 common shares of Cosa. The claims are located about 22 km south of the Key Lake Mill and were originally acquired through low-cost, online staking.

Skyharbour retains ownership of five adjacent claims, constituting the new Karin Project, which now covers 19,116 hectares . The project is prospective for both unconformity-related and pegmatite-hosted uranium mineralization. Historical exploration in the area has revealed potential for uranium deposits and intrusive-related REEs, with recent exploration uncovering a pegmatite outcrop containing uranium, niobium, and tantalum.

Positive Skyharbour receives 250,000 shares of Cosa Resources Corp. for the sale of two mineral claims

The company retains ownership of five adjacent claims in the Karin Project, covering 19,116 hectares The Karin Project […]

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Vancouver, British Columbia–(Newsfile Corp. – July 29, 2024) – Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (" Cosa " or the " Company ") is pleased to announce it has entered into an asset purchase agreement (the " Purchase Agreement ") with Skyharbour Resources Ltd. (the " Vendor ") dated July 26, 2024, for the acquisition (the " Acquisition ") of two mineral claims in the Athabasca Basin, Saskatchewan (the " Claims ").

Highlights Two mineral dispositions totalling 6,049 hectares to be acquired, doubling the footprint of the Orbit uranium project (the " Orbit Project ") to 12,718 hectares

Expands Cosa’s control of untested 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: "This acquisition adds significant value and exploration runway to the Orbit Project, which is proximal […]

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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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TORONTO, July 26, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. ("PUR", the "Company" or "Premier American Uranium") (TSXV: PUR) (OTCQB: PAUIF) is pleased to outline targets as part of its exploration growth plans at the Company’s flagship Cebolleta Project (" Cebolleta " or the " Project ") located in the Grants Mineral Belt in New Mexico.

Uranium mineralization at PUR’s Cebolleta project are the northern extension of the Jackpile-Paguate trend of uranium deposits, which is one of the largest sandstone-hosted uranium endowments in the world. 1 ,2 Collectively, the mines of the Laguna mining district produced more than 100 million pounds of U 3 O 8 from the Jackpile-Paguate trend during the period from 1951 to 1983, as documented by geologists of the New Mexico Bureau of Geology and Mineral Resources and the US Department of Energy. 2 The northern continuation of the Jackpile-Paguate trend of uranium deposits onto […]

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TORONTO, July 26, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to outline targets as part of its exploration growth plans at the Company’s flagship Cebolleta Project (“ Cebolleta ” or the “ Project ”) located in the Grants Mineral Belt in New Mexico.

Uranium mineralization at PUR’s Cebolleta project are the northern extension of the Jackpile-Paguate trend of uranium deposits, which is one of the largest sandstone-hosted uranium endowments in the world. 1 ,2 Collectively, the mines of the Laguna mining district produced more than 100 million pounds of U 3 O 8 from the Jackpile-Paguate trend during the period from 1951 to 1983, as documented by geologists of the New Mexico Bureau of Geology and Mineral Resources and the US Department of Energy. 2 The northern continuation of the Jackpile-Paguate trend of uranium deposits onto […]

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Liens The Australian government said Friday it has blocked Rio Tinto-controlled (NYSE: RIO ) Energy Resources of Australia from mining a vast uranium deposit under the Kakadu National Park in the country’s Northern Territory, effectively ending a decades-long dispute over one of Recommended For You

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See More » About RIO Stock Symbol Last Price % Chg RIO 65.06 1.13% Post 65.42 0.55% Created with Highcharts 11.2.0 Jul 22 Jul … Jul 23 Jul 24 Jul 25 Jul 26 62 64 66 Market Cap$107.39BPE (FWD)8.86Yield6.76%Rev Growth (YoY)-2.72%Short Interest-Prev. Close$64.33 Compare to Peers Related Stocks Symbol Last Price % Chg RIO 65.06 1.13% Rio Tinto Group Post. 65.42 0.55% BHP 55.38 1.08% BHP Group Limited Post. 55.40 0.04% GLNCY 11.10 0.54% Glencore plc Post. 11.08 -0.18% NGLOY 15.33 5.58% Anglo American plc TECK […]

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These uranium stocks have the potential for multibagger returns.

Cameco ( CCJ ): CCJ is a large uranium producer diversifying along the nuclear supply chain.

Energy Fuels ( UUUU ): Energy Fuels is a U.S. producer of uranium and rare earth elements with production expansion plans.

Denison Mines ( DNN ): This Canadian uranium exploration company has promising low-cost production potential. Source: RHJPhtotos / Shutterstock I feel that each investor should carefully consider these uranium multibagger stocks as potential investments for their portfolio.As InvestorPlace reported previously, the current move towards cleaner forms of energy is making nuclear power one of the most sought-after energy sources. Due to the unstable oil prices and the termination of thermal coal burning, nuclear energy is gaining importance. Such countries as China, India and Russia are already at the forefront of this race, having numerous nuclear reactors under construction and even more planned.This supply-side […]

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These uranium stocks have the potential for multibagger returns.

Cameco ( CCJ ): CCJ is a large uranium producer diversifying along the nuclear supply chain.

Energy Fuels ( UUUU ): Energy Fuels is a U.S. producer of uranium and rare earth elements with production expansion plans.

Denison Mines ( DNN ): This Canadian uranium exploration company has promising low-cost production potential. Source: RHJPhtotos / Shutterstock I feel that each investor should carefully consider these uranium multibagger stocks as potential investments for their portfolio.As InvestorPlace reported previously, the current move towards cleaner forms of energy is making nuclear power one of the most sought-after energy sources. Due to the unstable oil prices and the termination of thermal coal burning, nuclear energy is gaining importance. Such countries as China, India and Russia are already at the forefront of this race, having numerous nuclear reactors under construction and even more planned.This supply-side […]

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UK-based Fulcrum Metals has acquired 100% interest in the Charlot-Neely Lake, South Pendleton, and Snowbird uranium projects in Saskatchewan, Canada, through its subsidiary, Fulcrum Metals (Canada) Ltd. Terra Balcanica Resources Corp a polymetallic exploration company, has signed a “definitive option agreement”, that allows a four-year option to acquire a 100% interest in Fulcrum’s uranium exploration licenses in northern Saskatchewan, Canada. These licenses cover 596.71 km² of promising uranium exploration ground. With uranium prices rising quickly, this deal is sure to make an impact. Fulcrum Advances Acquisition and Sale of Major Uranium Projects

The company’s press release reveals that Fulcrum paid CA$ 5,000 upon receiving the option and an additional CA$ 60,000 when exercising it on June 28, 2024. These projects now belong to Fulcrum Metals (Canada) Ltd. This acquisition, covering 11,481 hectares, follows an agreement with Gary Clayton Dunn and Jonathan Stewart Dunn, the owners of The Dunn […]

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Snow Lake Resources (NASDAQ: LITM) has provided an update on its Engo Valley Uranium Project in Namibia. The company has completed a radon cup survey and is preparing to start drilling. Key points include:

1. The project is located on the Skeleton Coast, about 600 km north of Swakopmund.

2. Historical exploration by Gencor in the 1970s identified four uranium anomalies.

3. Snow Lake’s 2024 exploration program includes analysis of historical data, topographical surveys, and a planned 1,000-meter drill program.4. The company is acquiring up to 85% interest in the project through Namibia Minerals and Investment Holdings.5. Snow Lake views the current uranium market conditions as favorable for exploration, citing increasing demand and supply constraints.Positive Completion of radon cup survey and preparation for drilling indicate progress in exploration Historical drilling results showed promising uranium concentrations (e.g., 21.6 m @ 800 ppm U3O8) Acquisition of up to 85% interest in the project demonstrates […]

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Vancouver, British Columbia–(Newsfile Corp. – July 25, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) (" Standard Uranium " or the " Company ") is pleased to announce that drilling activities have commenced at the Company’s 48,443-acre Sun Dog Uranium Project (" Sun Dog ", or the " Project ") located near Uranium City in northwestern Saskatchewan (Figure 1). Field crews have arrived at the Project and drilling has commenced on schedule.

The Project is currently under a three-year earn-in option agreement (the " Option ") with Aero Energy Ltd. (" Aero ") (TSXV: AERO) that was executed on October 20, 2023. The program will be funded by Aero and will be operated by Standard Uranium.

Highlights: Drilling Underway: Drilling activities began on July 23 rd , 2024. Approximately 1,000-1,200 metres are planned across 5-7 drill holes targeting shallow high-grade 1 basement-hosted uranium mineralization, beginning with the […]

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Here are some of the top uranium stocks to buy and hold.

Cameco ( CCJ ): With the uranium supply only getting tighter, we’d be foolish to ignore CCJ here.

NexGen Energy ( NXE ): NXE is reportedly in the final stages of permitting for the Rook I project and could start construction shortly.

Global X Uranium ETF ( URA ): It never hurts to diversify with top uranium stocks. Source: Shutterstock With tight supply and growing demand for nuclear energy, uranium stocks to buy could glow. For one, supply could get even tighter with the Russian uranium ban starting on August 11. According to Swiss Resource Capital , about 90 new nuclear plants are being planned, 61 are under construction and decommissioned sites are being revived.Third, the artificial intelligence boom requires a lot of energy, and uranium could help fuel the need. AI data centers need a tremendous […]

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Vancouver, British Columbia–(Newsfile Corp. – July 25, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that Mr. Simon Clarke has been appointed as a director of the Company, effective immediately.

Mr. Clarke brings over 25 years’ experience building companies and implementing successful capital markets and growth strategies focused on mining, energy, and energy technology. Mr. Clarke is currently CEO and a director of American Lithium Corp., a leading lithium and uranium development company trading on the TSXV and NASDAQ. As well as its lithium projects, American Lithium is also developing the Macusani Uranium Project, the largest uranium asset in South America and one of the largest development stage uranium projects globally. Mr. Clarke has been with American Lithium for four years.

Mr. Clarke was also a co-founder, CEO, and director of M2 Cobalt Corp., which explored […]

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Article content

Vancouver, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) — Terra Balcanica Resources Corp. (“ Terra ” or the “ Company ”) ( CSE:TERA; FRA:UB1 ), a multi-jurisdictional, polymetallic exploration company focused on supporting the global transition to clean energy, is pleased to announce that further to its press release dated July 3 rd , 2024, it has closed its option agreement dated July 2 nd , 2024 (“ Agreement ”) between the Company, Fulcrum Metals Plc. (“ Fulcrum ”, AIM:FMET) and Fulcrum Metals (Canada) Ltd. (“ Fulcrum Canada ”), a wholly-owned subsidiary of Fulcrum, pursuant to which the Company has obtained a four-year option (the “ Option ”) to acquire a 100% interest in Fulcrum’s uranium portfolio of exploration licences located in northern Saskatchewan, Canada and collectively encompassing 596.71 km 2 of highly prospective terrain for a tier one uranium discovery. See the Company’s press release dated […]

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Snow Lake " or the " Company ") is pleased to provide an exploration update on its Engo Valley Uranium Project, located in Namibia.

CEO Remarks

" We are very pleased with the progress our field exploration crews have made to date on our Engo Valley Uranium Project" commented Frank Wheatley, CEO of Snow Lake. He continued: " With the radon cup survey now complete, and our drillers in the process of mobilizing to site, we are looking forward to starting our initial phase of drilling at this highly prospective uranium project."

Engo Valley Uranium Project The Engo Valley Uranium Project is located on the Skeleton Coast, in the Opuwo District of the Kunene Region, along the coast of northwest Namibia, approximately 600 kilometers north of Swakopmund, Namibia. Uranium mineralization was discovered in 1973 and exploration was conducted intermittently by Gencor between 1974 and 1980.The Engo Valley Uranium […]

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VANCOUVER, British Columbia, July 24, 2024 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | OTC PINK: GURFF | FRA: Q3J) (the " Company ") is pleased to announce a non-brokered private placement for gross proceeds of up to C$3,000,000 (the “ Offering ”).

The Offering is expected to consist of the offering of: (i) units of the Company at a price of $0.35 per unit (the “ $0.35 Unit ”) for aggregate gross proceeds of up to C$2,000,000, with each $0.35 Unit comprised of one non-flow-through common share of the Company (each, a “ Share ”) and one Share purchase warrant of the Company entitling the holder to acquire one Share (each, a “ Warrant Share ”) at a price of C$0.45 per Warrant Share for a period of twenty-four months from the […]

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Major hydrothermal uranium mineralization system present

Canadian uranium company Aero Energy Ltd ( TSXV: AERO; OTCQB: AAUGF; FSE: UU3 ) has completed its first drilling program at its Murmac project in northern Saskatchewan near Uranium City – and as it seems, successfully.

The program, funded by Aero and executed by partner Fortune Bay, was designed to test regional targets throughout the project area for high-grade, unconformity-hosted bedrock deposits typical of the Athabasca Basin. High radioactivity detected

In the drilling program that has now been completed, Aero measured radioactivity averaging 1,309 cps (cps) over an interval of 8.7 meters in drill hole M24-017 using a portable spectrometer. The intersection, which contains visible uranium mineralization, showed a high of 33,600 cps!Subsequently, Areo and Fortune Bay drilled three more holes, each 50 meters apart down dip, along strike to the northeast and along strike to the southwest. These holes (18, 19, 20) […]

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Image – 1:Image – 1:View print quality image about A student presenting behind a podium. about A student presenting behind a podium. Philip Mitreski presents his work at the International Academy of Business and Economics Conference in Hanoi, Vietnam. At just 19 years old, Philip Mitreski has already accomplished so much.

The business major with a concentration in accounting/finance always seems to be ahead of the curve. He’s on pace to graduate college a year and a half early. He’s traveled across the country and around the world presenting his research. He’s had three first-author papers appear in peer-reviewed and ranked journals.

Former Indiana University Northwest Business Professor Matthew Lutey said Mitreski is probably the only undergraduate who can say they’ve done that — perhaps ever.

And while he’s accomplished so much already, he feels his research on uranium and wealth management firms will be important in the future and set him […]

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Snow Lake Resources (NASDAQ: LITM) has provided an update on its Black Lake Uranium Project in the Athabasca Basin, Saskatchewan. The company has completed the acquisition of an option to acquire a 100% interest in the project and is preparing to initiate its exploration program. The program will begin with an airborne survey of the entire project area, followed by initial prospecting and ground geophysics focusing on areas of known uranium mineralization.

The Black Lake Uranium Project consists of 20 mining claims covering 18,908 hectares and is divided into four project areas: Higginson Lake, Charlebois Lake, Fisher Hayes, and Spreckley Lake. The project has a history of exploration dating back to the 1950s, with 28 historic uranium showings confirmed.

Snow Lake has designed a multi-phase exploration program for 2024 , including data compilation, airborne surveys, ground geophysics, and potentially up to 2,000 meters of diamond drilling. The company aims to produce […]

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HALIFAX, NS, July 24, 2024 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce completion of the 2024 summer drill program on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City. The program was designed to test regional targets across the Project for high-grade, unconformity-related basement-hosted deposits typical of the Athabasca Basin. The drilling program was funded by Aero Energy Limited (TSXV: AERO ) (OTC Pink: AAUGF) (FSE: UU3) ("Aero"), and was operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023. Figure 1: Murmac 2024 Drill Collar Locations. (CNW Group/Fortune Bay Corp.) Figure 2: Hole M24-016A (target P7), 92.8 to 99.3 m. Anomalous radioactivity hosted in structured graphitic pelite. (CNW Group/Fortune Bay Corp.) Figure 3: M24-017 (target H15) radioactive intersections (81.00 to 94.50 metres down […]

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Cameco’s Cigar Lake is the only mine in the world using the jet boring method. Article content

Many countries around the world are looking to build out their capacity for nuclear power as they try to reduce their carbon emissions, which has created an increased demand for uranium.

But the market for uranium has also been undergoing some major changes due to sanctions on Russia because of its invasion of Ukraine. There have been quite a few changes on the operations front, too.

Trending data-hide-on-overlap=”.ad__container” data-hide-on-overlap-component=””> Low-cost Saskatoon grocery markets stymied by staffing, supply woesWhitecap Dakota First Nation set to build thermal spa near Saskatoon’Quite substantial’ damage, heavy smoke as Saskatoon flooring business burnsQuebec man expresses regret for helping defraud Saskatoon seniors in ‘grandparent scam’Article contentFor example, Saskatoon-based uranium miner Cameco Corp. is undergoing a major evolution in the way […]

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Vancouver, British Columbia–(Newsfile Corp. – July 23, 2024) – Myriad Uranium Corp . (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") announces that the Company has resolved to quit or relinquish, as appropriate, any interests it may hold in Niger, effective immediately. In connection with such resolution, Myriad has terminated its property option agreement dated as of August 17, 2022 with Loxcroft Resources Ltd., as optionor of the Niger properties referenced therein.

Myriad’s CEO Thomas Lamb commented: "Myriad has been prevented by reasons beyond its control from conducting operations in Niger since the July 2023 coup d’etat. We are now focusing all our attention on the Copper Mountain Uranium Project in Wyoming, USA., a project with significant past production, a large historical uranium resource, and exciting exploration upside."

About Myriad Uranium Corp.

Myriad Uranium Corp. is a uranium exploration company with an earnable […]

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