Category: Uranium

CopperCorp Resources Kelowna, British Columbia–(Newsfile Corp. – December 15, 2023) – F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (the "Company ") announces the Company has granted a total of 12,765,000 incentive stock options (the " Options ") to purchase common shares of the Company (" Common Shares ") to certain Directors, Officers, Consultants and Employees of the Company pursuant to the Company’s long-term incentive plan (the " LTIP "). Each Option is exercisable into one Common Share at an exercise price of $0.41 per Common Share for a period of five (5) years from the date of grant. The Options shall vest as to 1/3 on the date of grant and 1/6 every 6 months thereafter. All of the Options expire on December 15, 2028.

Additionally, the Company has issued a total of 12,590,000 restricted share units (the " RSUs ") to certain Directors and Officers of the Company in […]

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As Interactive stock chart provided by quotemedia Price Volume Oct 2023 Nov 2023 Dec 2023 0.6 0.5 0 3 200k © quote media Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) and its partner mining companies advance their uranium projects toward becoming possible takeout targets, the in-progress and near-term exploration campaigns planned for them should catalyze Skyharbour’s stock, purported Siddharth Rajeev, Fundamental Research Corp. analyst, in a December 8 research note.

Also of note, Fundamental Research increased its fair value estimate on the Canadian uranium explorer, Rajeev indicated.

He explained, "Applying sector multiples to Skyharbour’s flagship assets, we arrived at a revised fair value estimate of CA$1.16 per share versus our previous estimate of CA$0.97 per share." Potential Gain Compelling

Given the uranium company’s current share price is CA$0.53 per share, the potential return implied for investors is significant, at 119%.Skyharbour remains Buy-rated. High Likelihood of M&A Rajeev expects an upcoming […]

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As the Coldplay song says … Picture: Getty Images Global Uranium and Enrichment (ASX:GUE) Formerly known as Okapi Resources ( ASX:OKR ), is up on Friday thanks to a yellow metal narrative first, followed by an update on its yellowcake interests.

It’s just revealed its exploration licence for the Enmore gold project – in the New England Fold Belt in NSW about 30km south of Armidale in NSW – has been renewed for another six years.

The company compares the project with the nearby Hillgrove Gold Mine, which belongs to Larvotto Resources ( ASX:LRV ) and has produced more than 730,000oz of gold.

By comparison, Enmore is largely underexplored, hence the company’s interest. For the latest mining news, sign up here for free Stockhead daily newsletters A maiden drill program completed in 2021 delivered strong results at Enmore, including 174m at 1.83g/t gold from surface, ending in mineralisation, with the deepest interval […]

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Uranium, a critical element in the nuclear energy sector, has experienced notable market dynamics in recent years. In October 2023, the U3O8 uranium spot price reached a 12-year high of $74.48 per pound , reflecting a year-to-date increase of 54.16%. This increase is part of a broader trend in the uranium market, characterized by increased utility contracting and its resilience against macroeconomic factors. Demand Dynamics

As mentioned, the demand for uranium is increasingly driven by utility companies, which are ramping up their uranium contracting. The World Nuclear Association predicts a near doubling of global nuclear reactor requirements by 2040, indicating a sustained demand for uranium. This demand is supported by the sector’s shift away from Russian supply chains, with a growing emphasis on alternative sources and enrichment facilities. It’s also expected to sustain higher prices in the long term, with utilities estimated to require 1.5 billion pounds of cumulative […]

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Cauldron Energy (ASX:CXU) has released the results of its Scoping Study for the proposed Bennet Well Uranium operation, revealing the potential for a globally competitive and low-cost in-situ recovery (ISR) uranium operation. The Bennet Well Uranium Deposit is situated approximately 100 kilometers south of Onslow, Western Australia, and about 1,050 kilometers north of Perth.

The Scoping Study, supported by consultants from Ravensgate Mining Industry Consultants, as well as metallurgical and processing consultants at ANSTO and CSIRO, indicates promising financial returns for the project. With uranium markets on the rise, the Bennet Well operation’s strong economic figures underscore its significance within Cauldron’s broader Yanrey Uranium Project.

Key Highlights of the Scoping Study: Abundant Uranium Resources: The Bennet Well Mineral Resource (JORC 2012) contains approximately 30.9 million pounds (approximately 14,000 metric tonnes) of contained uranium oxide, with an Indicated plus Inferred Mineral Resource of 38.9 million tonnes grading 360 ppm eU3O8.

Production […]

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Alligator Energy Ltd – Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) is set to make key improvements to the Samphire Uranium Project’s economics following revisions to its scoping study.

The updated scoping study promises robust project economics, low environmental impact and considerable optimisation opportunities. Robust economics

The update follows an enhanced mineral resource estimate for the Blackbush deposit reported on December 7.

CEO Greg Hall emphasised the projected financial performance for Samphire: “The updated scoping study outcomes have shown a continued improvement in Samphire Project economics as we increase resource mineralisation quality, increase production rate and refine the processing flowsheet and costs.“An improving forward price assumption is also of great benefit. As major capital items were generally sized for a higher throughput in the initial scoping study, the relatively small capital increases were offset by reduced resource drilling during project construction, resulting in only a minor capital increase for this updated scoping study.”Key […]

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Uranium prices are a significant topic for investors, policymakers, and energy enthusiasts given its role in the global energy landscape. The uranium spot price is at 15-year high due to strong market demand and bullish long term outlook, confirming analysts’ forecast of a major sector rally.

As technology progresses, the demand for effective energy sources grows. Uranium holds a key position in generating nuclear power, making it a standout energy resource. The Powerhouse Driving Nuclear Energy Revolution

Uranium Spot Price USD/Pound

The 15-year high uranium price at $85 per pound , the highest since January 2008, is influenced by several factors.Basically, supply and demand dynamics do impact uranium prices . Rising nuclear power adoption also drives demand up while mining challenges and political tensions affect the supply side.From 2019 onwards, the uranium market experienced a shortage in supply, depleting the surpluses accumulated since the Fukushima incident in 2011. This […]

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Similar to the early days of the lithium rally, those companies that correctly precited a commodity shortage or supply gap will be big winners no matter where the stock market ends up in 2024. Despite the sector making solid gains this year, should uranium stocks follow the same pattern as the lithium rally, 2024 could be its year.

Spot lithium had its first big up year in 2021, rallying around 90%+, but from December 2021, lithium supply gaps caused a price squeeze that topped out 300% higher during 2022 as the ASX went into a lithium frenzy.

The price of uranium has risen 60% in 2023, rising from $50 a pound to over $80 a pound, a modest gain compared to the 2021 lithium rally. Uranium is in high demand, thanks to its role in clean energy transition and with 22 nations, representing 43% of the global economy, recently committing to […]

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Vancouver, British Columbia, Canada, December 7, 2023 – Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (" URC " or the " Company " – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ ) is pleased to report President and Chief Executive Officer, Scott Melbye, presented his views at the COP 28 Net-Zero Nuclear Pavilion in a panel discussion addressing the sustainability of the uranium sector. The panel was part of the United Nations Conference on Climate Change in Dubai, United Arab Emirates and hosted by the World Nuclear Association and Emirates Nuclear Energy Corporation. While at COP 28, URC demonstrated its support to the Net Zero Nuclear Industry Pledge, as one of 120 industry signatories.
The Net Zero Nuclear Industry Pledge, launched at COP 28 on December 5, 2023, commits to industry support for a tripling of global nuclear capacity by […]

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Toronto, Ontario and Nucla, Colorado, Dec. 12, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce the closing of its brokered private placement financing previously announced in the Company’s news release issued on December 4, 2023 (the “ Offering ”). Pursuant to the Offering, Western has issued a total of 5,215,828 units at a price of Cdn$1.39 per unit (each, a “ Unit ”) for aggregate gross proceeds of approximately Cdn$7,250,000, with each Unit being comprised of one common share (each, a “ Share ”) and one half of one common share purchase warrant (each, a “ Warrant ”). Each Warrant is exercisable into one Share of the Company at a price of Cdn$1.88 per Share, for a period of four (4) years from the date of issuance. A total of 5,215,828 Shares […]

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For the energy industry, the past few years have been marked by significant shifts, one of which is the surge in uranium prices that have recently exceeded $82 per pound. This rise in price signals a notable change in the energy landscape, particularly in the context of nuclear energy’s growing prominence. Currently, 437 nuclear power plants are operational in 33 countries, contributing to approximately 10% of the world’s electricity needs. Furthermore, an additional 99 nuclear reactors are planned, with over 300 more in the proposal stage globally. This trend underscores the increasing significance of nuclear energy in the global energy matrix. Driving Factors Behind the Rise in Uranium Prices

Several factors contribute to the rising uranium prices. Foremost among these is the growing demand for nuclear energy as countries strive to achieve net-zero emissions. This objective has been accelerated by commitments made at global platforms like COP28. Another crucial […]

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FOR IMMEDIATE RELEASE.

Toronto, Ontario and Nucla, Colorado, Dec. 12, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce the closing of its brokered private placement financing previously announced in the Company’s news release issued on December 4, 2023 (the “ Offering ”). Pursuant to the Offering, Western has issued a total of 5,215,828 units at a price of Cdn$1.39 per unit (each, a “ Unit ”) for aggregate gross proceeds of approximately Cdn$7,250,000, with each Unit being comprised of one common share (each, a “ Share ”) and one half of one common share purchase warrant (each, a “ Warrant ”). Each Warrant is exercisable into one Share of the Company at a price of Cdn$1.88 per Share, for a period of four (4) years from the date of issuance. A total of […]

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It’s a very good time for us to take an updated look at

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Tisdale Clean Energy Corp. (TCEC:CSE) , for as we will see, it still holds its earlier promise and now even more so, which is all to the good as it is still at a very good entry point. Tisdale is a junior uranium stock that only has about 16 million shares in issue, and of those, only about 4 million are in the float.

We last looked at it in the middle of November and, at that time, thought that a tight bull Flag was forming that would soon lead to an upside breakout, but it wasn’t, and it didn’t.Instead, it dropped down out of the supposed bull Flag to do more work marking out the base pattern, as we can see on its latest 1-year chart below, and […]

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Three business people stand on platforms in the desert and look out through telescopes. Having enjoyed an exceptionally strong run this year, ASX uranium shares are putting in a mixed performance today.

But Australia’s leading uranium stocks could be looking at some much larger hunting grounds and potentially much larger future revenues should the existing ban on uranium mining across multiple states be lifted. What’s been happening with ASX uranium shares?

ASX uranium shares have benefited from rocketing uranium prices in 2023, with yellowcake topping US$80 per pound recently, marking 15-year highs.

This comes as a growing number of nations are returning their attention to nuclear energy to provide reliable baseload energy as the world works to lower carbon emissions. That’s seen the demand for uranium outpace new supplies, driving up the price.And it’s helped ASX uranium shares return some market-smashing gains this year.Here’s how these five leading miners have […]

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Alligator Energy (ASX:AGE) could be in production ‘later in the decade’ with its Samphire Uranium Project in South Australia.

Speaking to Mining.com.au , Managing Director and Chief Executive Officer (CEO) Greg Hall says in the meantime, the company is booked up all year round in 2024. Once drilling is completed, Alligator will undertake an updated uranium resource around October or November next year.

“So we’re expecting to drill all year on parts of this Exploration Target Range, and then we’ll do an updated resource with a plan to target an increased resource in late 2024.

As we expand that resource, that means we can either put the production rate up in a future mine or run the mine longer.” “As we expand that resource, that means we can either put the production rate up in a future mine or run the mine longer” This news comes after the $212.42 […]

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Uranium prices shot to a 15-year high of above US$80 per pound last week as the metal needed for zero-carbon nuclear power to fuel our cars and gadgets now and in the future.

Uranium "continues to enjoy a strong 2023 on the back of continually positive shifts toward nuclear energy capacity in the Western world, compounded by continual tightness on the supply side . . . Recent data from the World Nuclear Association (WNA), initially highlighted by MRP in September, indicated that demand for uranium in nuclear reactors is expected to climb by 28% through 2030 and nearly double by 2040," the company said in a release.

Zacks.com took an interest, noting uranium prices have risen 30% this year. The article noted this increase may be due to "renewed interest in alternative sources of energy as governments around the world try to tackle climate change and reduce dependence on fossil […]

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The combined company is expected to have a cash balance of C$55m without any debt. Credit: RHJPhtotos/Shutterstock.com. Atha Energy has reached two separate agreements to acquire 92 Energy and Latitude Uranium, two Canadian uranium-exploring companies. Free Buyers Guide

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The document includes detailed information on the manufacturers and suppliers and their products, along with contact details, to inform your purchasing decision.

The company is also planning to raise around C$14m ($10.3m) in concurrent financing to fund the two transactions.Under the terms of the definitive arrangement agreement with Latitude, Atha shareholders are entitled to receive 0.2769 shares of Atha for each share held.This is a 68% premium to the stock’s closing price on 6 December 2023.The swap ratio offered under the binding scheme implementation deed with 92 Energy is 0.5834 shares of Atha for each share of 92 Energy.This marks […]

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Elevate Uranium Investing News Network

December 07, 2023

Elevate Uranium Ltd (ASX: EL8) (“Elevate Uranium” or “the Company”) is pleased to announce that it has received binding commitments for a single tranche placement of shares to raise $10.0 million (before costs) at $0.42 per share, utilising its placement capacity under ASX Listing Rule 7.1A (“Placement”). Participants will also receive one (1) free attaching unlisted option for every two (2) shares subscribed for in the Placement. The Options will have an exercise price of $0.60 each and a two-year expiry date (expected to be on or around 30 January 2026). The Placement introduced a number of new, high quality institutional, sophisticated and professional investors to the share register, whilst also being well supported by existing significant shareholders of the Company.

KEY HIGHLIGHTS Elevate Uranium receives binding commitments to raise $10.0 million (before costs) through a Placement at $0.42 per share […]

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Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – Athabasca Basin-focused uranium explorer ATHA Energy (CSE: SASK) announced today it has entered into agreements to acquire all of the issued and outstanding shares of fellow uranium explorers Latitude Uranium (CSE: LUR) and 92 Energy (ASX: 92E).

The company said that under the terms of the definitive arrangement with Latitude, Latitude shareholders will receive 0.2769 of a common share of ATHA for each Latitude share held, which implies consideration per Latitude share of C$0.28, representing a 68% premium to Latitude’s closing price on December 6, 2023.

ATHA added that under the terms of the binding scheme implementation deed with 92 Energy, 92 Energy shareholders will, conditional on the 92E scheme becoming effective, receive 0.5834 […]

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TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium” or “LUR”) (CSE: LUR) (OTCQB: LURAF) (FRA: EI1) is pleased to announced that today it has entered into a definitive arrangement agreement (the “ Arrangement Agreement ”) with ATHA Energy Corp. ( CSE: SASK ) ( OTCQB: SASKF ) ( FRA: X5U ) (“ ATHA ”) pursuant to which ATHA will acquire all of the issued and outstanding common shares of Latitude (the “ Latitude Shares ”) by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”).

Under the terms of the Latitude Arrangement, Latitude shareholders (the “ Latitude Shareholders ”) will receive 0.2769 of a common share of ATHA (each whole share, an “ ATHA Share ”) for each Latitude Share held (the “ Latitude Exchange Ratio ”). The Latitude Exchange Ratio was determined giving consideration to recent average […]

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VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it will conduct a non-brokered private placement for up to 40,000,000 Units at a price of $0.065 per Unit, for a total equity raise of up to $2,600,000 (“the Offering”). Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.10 for a period of twenty-four (24) months.

Finders’ fees may be paid in certain circumstances. The foregoing is subject to regulatory approval. All securities to be issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

The proceeds from the private placement will be used for the funding of the Company’s Radioactive Materials […]

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Nuclear power is an indispensable component of a carbon-neutral energy future

As a result, uranium demand set to grow in the coming years

Which stocks in the sector could benefit the most?

Missed out on Black Friday? Secure your up to 60% discount on InvestingPro subscriptions with our extended Cyber Monday sale. As the world increasingly adopts cleaner energy solutions, the demand for uranium is on the rise and is expected to persist in the years to come.Therefore, Investing in stocks related to uranium presents a distinctive opportunity for clean energy and sustainable investments.This is particularly significant as uranium serves as a key component in nuclear power generation, playing a crucial role in the current global energy mix.For instance, the price of Uranium has surged by over 60% since the start of the year, with a substantial portion of this increase observed in the last 7 months. Source: […]

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Toronto, Ontario and Nucla, Colorado, Dec. 04, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce that it has entered into an agency agreement with A.G.P. Canada Investment ULC (" A.G.P. Canada ") pursuant to which A.G.P. Canada will act as sole agent and bookrunner for the Company on a “best efforts” agency basis in connection with a brokered private placement financing of up to 5,215,828 units at a price of Cdn$1.39 per unit for aggregate gross proceeds of up to Cdn$7,250,000 (the “ Offering ”). Each unit to be placed in the Offering (each, a “ Unit ”) will be comprised of one common share and one half of one common share purchase warrant, each whole warrant being exercisable for one common share of the Company at a price of Cdn$1.88 per […]

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Yellow Cake Sharecast graphic / Josh White Uranium investor Yellow Cake reported physical uranium holdings of 20.16 million pounds in its interim report on Wednesday, up from 18.81 million pounds. FTSE AIM 100

3,436.78

13:10 06/12/23

n/an/a FTSE AIM All-Share 717.31 13:10 06/12/23n/an/a Industrial Metals & Mining 6,607.45 13:09 06/12/23The AIM-traded firm also noted a 45.1% increase in the spot price of triuranium octoxide, rising from $50.65 per pound to $73.50.As a result, the value of its holdings surged from $952.5m on 31 March to $1.48bn by 30 September.Yellow Cake’s net asset value also grew substantially, rising from $1.04bn to $1.49bn over the same period.The net asset value per share increased from 423p to 618p.Regarding profitability, Yellow Cake reported a profit after tax for the half-year of $458.8m, swinging from a loss of $145.5m in the same period in 2022.The company said it executed its […]

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