Category: Uranium

A rebound in Resources and Tech stocks helped the ASX 200 to a narrow win today.

Cettire (CTT), Red Hill Minerals (RHI), and the indominable Droneshield (DRO) were among the biggest winners, while Chalice Mining (CHN), Superloop (SLC) and Liontown Resources (LTR) were among the biggest losers.

Uranium stocks rallied sharply with few obvious catalysts.

For all this and much more…Let’s dive in! Markets XJO Intraday Chart 3 July 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 21.7 points higher at 7,739.9, 0.28% from its session low and just 0.05% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers beat decliners by a narrow 138 to 124.Seven of the eleven major ASX sectors rose today in only a moderately broad-based move higher. It was good to see Information Technology ( XIJ ) (+1.4%) bounce back, likely led by another record on the Nasdaq in the […]

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Vancouver, British Columbia, July 03, 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 the signing of the definitive option agreement dated July 2, 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 will obtain a four-year option (the “ Option ”) to acquire a 100% interest in Fulcrum’s uranium portfolio of exploration licences (the “ Licences ”) located in northern Saskatchewan, Canada and collectively encompassing 596.71 km 2 of highly prospective ground for a uranium discovery.

Pursuant to the Agreement, on closing (the “ Option Closing Date ”), Fulcrum and Fulcrum Canada will grant Terra the […]

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GX Uranium ETF (URA) Elliott Wave analysis

Function – Counter trend

Mode – Corrective

Structure – Impulse for wave A (circled) Position – Wave (4) of A (circled) Direction – Wave (4) is still in play Details – A bearish impulse from 33.69 is emerging for wave A (circled) and we should see further decline. Overview of GX URA ETF The GX URA ETF, also known as the Global X Uranium ETF, is designed to reflect the performance of companies operating within the uranium industry. This ETF offers investors a diversified portfolio that includes firms engaged in uranium mining, exploration, and production on a global scale. As nuclear power is increasingly recognized as a cleaner energy alternative, the potential for increased uranium demand grows, making the GX URA ETF an attractive option for investors looking to capitalize on the sector’s growth. Daily chart analysis Analyzing the daily chart, the […]

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Infini Resources is hoping to be on the verge of discovery at its Portland Creek uranium project in Newfoundland after revealing stunning high soil samples. Infini Resources’ share price skyrocketed 148 per cent this morning after the company unveiled what it says are some of the world’s highest-ever uranium soil sample grades at its Portland Creek project in the Canadian province of Newfoundland.

The company says many of the samples returned grades exceeding detection limits, prompting management to return them to the laboratory for re-analysis.

It prompted a hive of activity for the company on the ASX, with a closing share price last week of 15.5c flying to an intraday trading high of 38.5c to start the new week, as more than 7.3 million shares changed hands.

The first-pass soils sit consistently across an area of about 235m by 100m within a bigger 3.2km radiometric corridor. Uranium soils showing the consistent, ultra […]

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Uranium, the powerhouse element, fuels nuclear reactors , playing a crucial role in the clean energy transition for a sustainable, low-carbon future. The uranium market has been on a rollercoaster in 2024, with supply disruptions and the looming U.S. ban on Russian-enriched uranium propelling uranium prices (UXF25) to a 17-year high above $100 in February before settling around $90 in late May. The ban, which takes effect in mid-August, unlocked $2.72 billion in federal funding to bolster the domestic uranium industry .

With demand for uranium projected to rise, driven by the shift toward cleaner nuclear energy , companies like enCore Energy Corp. (EU) , NexGen Energy Ltd. (NXE) , and Uranium Energy Corp. (UEC) are set to benefit from higher prices.

Demonstrating stellar market performance over the past year, these stocks have earned consensus “Strong Buy” ratings on Wall Street, with analysts forecasting double-digit upside potential. Let’s take a closer […]

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FULL DISCLOSURE: This is sponsored content for Hertz Energy.

Hertz Energy Inc. (CSE: HZ) has officially announced its decision to spin out its uranium assets into a new stand-alone entity named Hertz Uranium. This move, which follows an extensive review by the company’s board and advisors, is aimed at unlocking greater value for shareholders and focusing Hertz Energy’s resources on its premier lithium projects in Quebec, Canada.

Hertz Energy’s announcement comes at a time when uranium is gaining significant global interest, bolstered by its rising prices and the nuclear energy renaissance. We believe our uranium assets need to be in a stand-alone public company to fully realize their potential and to provide appropriate value to our shareholders. CEO Kal Malhi The reorganization includes the Cominco Uranium Project in Nunavut, Canada, and the Namibian Uranium Exclusive Prospecting License Applications . By transferring these assets to Hertz Uranium, the company aims […]

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Source: Shutterstock Key Points

Paladin Energy’s $1.25 billion acquisition of Fission Uranium Corp comes amid surging uranium prices and increased nuclear energy demand, potentially creating a significant global uranium producer

The all-scrip deal offers a 25.8% premium to Fission shareholders and aims to de-risk financing for the Patterson Lake South Project, accelerating Canadian uranium production

The merger’s success hinges on uranium prices, with analysts projecting substantial NPV increases if prices rise above US$100/lb, reflecting the industry’s cyclical nature Paladin Energy ( ASX: PDN ) entered into a definitive agreement to acquire Canada’s Fission Uranium Corp in an all-scrip deal valuing the company at $1.25 billion.This deal arrives at a critical juncture for the uranium industry, where several factors are converging: Uranium prices have surged in the past 12-24 months to levels not seen since 2007 The mining sector is experiencing a wave of M&A, with companies finding it […]

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a man in 80s style running gear crouches on a running track ready to spring into action as quickly as he can as though he is running a race. With the global uranium race heating up, investors may want to run their slide rule over ASX exchange-traded fund (ETF) Betashares Global Uranium ETF ( ASX: URNM ).

URNM is intended to track the performance of a basket of Australian and international uranium miners .

You can buy and sell shares in this top ASX ETF just like you would with individual stocks.

And it gives you instant diversification and exposure to 38 leading uranium producers across the globe.Launched in June 2022, URNM’s top four holdings are internationally listed companies: Cameco Corp NAC Kazatomprom JSC Sprott Physical Uranium Trust CGN Mining Co LTD Two leading ASX uranium stocks are also in the ETF’s top 10 holdings. Namely Paladin Energy […]

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Figure 3 – Aurora and Orion Airborne Survey Areas Vancouver, British Columbia, June 26, 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 the completion of ground and airborne geophysical surveys at its Ursa, Orion, Astro and Orbit Projects.

Keith Bodnarchuk, President & CEO, commented: “ The completion of these geophysical programs at our 100% owned Ursa, Orion, Aurora, and Orbit projects marks another important step in Cosa’s path to developing a pipeline of drill targets across much of our prospective and highly underexplored portfolio of uranium projects. We consider the recent winter drilling results and identification of sandstone hosted structure and alteration to be a major success for the Company and are eager to use the results of the ANT work at Ursa to guide follow […]

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Uranium

WRITTEN BY Angela East

Paladin Energy (ASX:PDN) has inked an all-scrip deal to acquire Canada’s Fission Uranium (TSX:FCU) and list on the Toronto Stock Exchange (TSX).

The Australia-headquartered uranium producer has entered into a definitive arrangement agreement to acquire all of the shares of Fission Uranium in exchange for 0.1076 Paladin shares for each Fission share held.This values Fission Uranium at C$1.14 billion ($1.25 billion), or C$1.30 per share, which is a 25.8% premium to the closing price of Fission Shares on the TSX last Friday, 21 June, and a 30% premium to the 20-day volume-weighted average price of Fission shares to 21 June.On completion of the deal, Fission shareholders will own 24% of Paladin, which will have a pro-forma market capitalisation of about US$3.5 billion ($5.26 billion).Paladin has also applied to list its shares on the TSX so Fission shareholders will receive TSX-listed Paladin shares.Paladin CEO Ian […]

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Everest Metals is set to cash in on the latest boom in uranium prices with plans to vend its assets into new ASX hopeful Cobold Metals. Everest Metals has made a strategic move it believes will supercharge its uranium aspirations in a decision to vend its assets related to the element into an upcoming IPO for Cobold Metals.

While Everest, headed by mining veteran Mark Caruso, will continue its gold and critical mineral pursuits, it will retain a 22.8 per cent interest in Cobold following the IPO. The new company is aiming to be listed on the ASX later this year.

On the back of a recent uranium boom, Everest has inked a term sheet to acquire 100 per cent of the Mukinbudin uranium project (MUP) in Western Australia’s Eastern Wheatbelt from private miner Crucible Resources. It plans to spin out the project into Cobold, in addition to its existing Amadeus […]

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Ever since the 80’s, the general consensus has been that Mondays suck.

Sir Bob said he doesn’t like them, New Order called them blue, and Madonna, manic.

The last three starts to the week for the ASX have been terrible (one was a Tuesday because of a public holiday, but please don’t let this get in the way of my rant!).

Today, 62.3 points of last week’s hard earned gains were wiped off the benchmark, and when you see the intraday chart, you’ll see it was done without putting up a hint of a fight.Energy and Resources were at it again, leading sector losses, as the share prices of uranium and lithium stocks continued to dissolve – the latter on a complete capitulation in a key lithium futures contract.But there were few areas of the market that didn’t concede defeat today. There were some cracking stock specific goings on, however, with big […]

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Mr. Tim Rotolo reports:

TORONTO, June 24, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) and American Future Fuel Corporation (“AMPS” or “American Future Fuel”) (CSE: AMPS, OTCQB: AFFCF, FWB: K14, WKN: A3DQFB) are pleased to announce a current mineral resource estimate and the filing of a Technical Report (the “ Technical Report ”) for the 100% owned Cebolleta Uranium Project located in Cibola County, New Mexico, US (the “ Project ”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“ NI 43-101 ”). The Technical Report is being filed under both PUR and AMPS’ respective profiles on SEDAR+ at www.sedarplus.ca , in connection with the previously announced Plan of Arrangement involving the companies (the “Arrangement” ) which is expected to close later this week. The Technical Report, prepared by SLR International Corporation (“ SLR […]

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a man sits on a rocket propelled office chair and flies high above a city Despite the past month’s sell-down, spurred by a retrace in uranium prices, ASX uranium stocks have broadly delivered some benchmark smashing longer-term returns.

Over the past 12 months the All Ordinaries Index (ASX: XAO) has gained a healthy 10.0%.

Here’s how these leading ASX uranium stocks have performed over that same time: Paladin Energy Ltd ( ASX: PDN )* shares are down 5.7%

Bannerman Energy Ltd ( ASX: BMN ) shares are up 121.4% Deep Yellow Limited ( ASX: DYL ) shares are up 94.0% Boss Energy Ltd ( ASX: BOE ) shares are up 29.5% Alligator Energy Ltd ( ASX: AGE ) shares are up 27.5% (*Paladin shares entered a trading halt today pending an announcement. Rumour has it this could be related to a possible capital raising to fund a new uranium acquisition.)And those […]

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We recently compiled a list of the 8 Best Rare Earth Stocks and ETFs . In this article, we are going to take a look at where Global X Uranium ETF (NYSE:URA) stands against the other rare earth stocks and ETFs.

Rare earth elements (REEs), which refers to 17 metals that are similar chemically, are surprisingly abundant in Earth’s crust. However, their dispersion and geochemical properties make them difficult and expensive to extract, leading to them being called "rare."

REEs are important for a vast range of technologies, earning them the nickname "vitamins of modern industry." Apart from being irreplaceable for clean energy and consumer electronics production, REEs are also strategic for defense and aerospace engineering, the production of aircraft, missiles, satellites, and communication systems.

Hence, it is no wonder that the global rare earth metals market is valued at an estimated $ 5.65 billion in 2024. Analysts project this market to […]

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Snow Lake Resources Provides Exploration Update on the Engo Valley Uranium Project

Mr. Frank Wheatley reports:

Winnipeg, Manitoba–(Newsfile Corp. – June 21, 2024) – Snow Lake Resources Ltd. , d/b/a Snow Lake Energy (NASDAQ: LITM) (" Snow Lake " or the " Company ") is pleased to provide an update on the exploration program currently underway on its Engo Valley Uranium Project in Namibia.

Highlights Initial RadonX™ survey successfully identified potentially uraniferous areas Anomalous zones correlate very well with historical targets identified by Gencor Northern anomalous zones appear to extend beyond those identified by Gencor An infill RadonX™ survey is currently underway to better identify drill targets United States Senate passes the "ADVANCE Act", designed to reestablish the US as the global leader in nuclear energy CEO Remarks " The first exploration program on the Engo Valley Uranium Project since the 1970’s is well […]

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Vancouver, British Columbia, Canada – TheNewswire – June 20, 2024, Generation Uranium Inc. (the “Company” or “Generation”), (TSXV: GEN) (OTCQB: GENRF) (FSE: W85) is pleased to announce the acquisition of the Yellow Frog and Pink Toad Uranium Projects (the “Acquisitions”) on the Angilak Trend in the Yathkyed Basin, Nunavut Territory, Canada. The Acquisitions are contiguous extensions to the Company’s flagship Yath Uranium Project (“Yath") to the east and west and effectively extend the land package at Yath by approximately over 45%.

Following the Acquisitions, Yath now spans 123.45 km² and enlarges due north and within 3 kilometers of the district-scale uranium project under advancement by Atha Energy Corp*. Atha Energy Corp. Angilak Project has historical 2013 NI 43-101 inferred mineral resources of 2,831,000 tonnes at an average grade of 0.69% U3O8 and 0.17% molybdenum containing 43.3 million pounds of U3O8 and 10.4 million pounds of molybdenum**. The Company believes that […]

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Vancouver, Kelowna and Delta, British Columbia–(Newsfile Corp. – June 20, 2024) – Investorideas.com , a global investor news source covering mining and metals stocks releases a snapshot looking at uranium mining and exploration, featuring Panther Minerals Inc.(CSE: PURR) ) (OTC Pink: GLIOF).

Panther Minerals Inc. is a mineral exploration company actively involved in the exploration of its North American project portfolio. The acquisition of the Boulder Creek Option reflects the Company’s ongoing intention of pursuing advanced, highly quality prospective uranium projects that can be readily worked on and efficiently explored in a timely manner.

Read the full article on Investorideas.com,
https://www.investorideas.com/News/2024/mining/06200Uranium.asp
Uranium prices have had a big year, up over 52% year to date, with some short term corrections. But the story for uranium miners just got bigger as AI (Artificial Intelligence) is changing the world as we know it and looks to nuclear energy to power its growth.Nuclear energy […]

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Pic: Getty Images Takeovers Panel knocks back Minority Report play vs Rio Tinto’s play vs ERA

Zentree Investments demands undertakings to prevent Rio’s full control of rehab company, notably the sale of its controversial Jabiluka deposit in the NT

Materials sector crawls to narrowest of losses

The minority investor urging the Takeovers Panel to stop Rio Tinto (ASX:RIO) mopping up the minority shareholders in dead parrot uranium play Energy Resources of Australia (ASX:ERA) has been rebuffed after asking the body to stop a capital raising that hasn’t yet been announced.In a gambit which echoes Stephen Spielberg’s Tom Cruise-led 2002 thriller Minority Report – a Philip K. Dick inspired adaptation about a futuristic police department which predicts crime before it happens – prominent minority Zentree Investments had asked the panel to step in to stop Rio Tinto picking up a 90% stake via a capital raising.Though the […]

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Rössing Uranium’s much-anticipated 2023 Sustainability and Performance report was released this week at a ceremony in Windhoek. This report is a comprehensive window on the mine’s activities, its role in the economy, its role in Erongo communities, and its financial performance.

Managing Director, Johan Coetzee said “2023 was indeed exceptional in terms of production and financial performance, while maintaining our high safety standards. The life-of-mine was formally extended to 2036, cementing the longevity of the operation, and the Board formally adopted the King IV report as a Corporate Governance Code.”

Production Performance:

Production in 2023 was in line with the mine’s operational plan and 10% higher than in 2022.The mine produced 6.4 million pounds of U3O8 and sold 6.9 million pounds of U3O8. Around 1.8 million pounds were shipped to western converters and sold to customers in North America, Asia (excluding China) and Europe, Middle East and Africa (“EMEA”). A […]

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Toro Energy directors and the company’s Japanese joint venture partners during a recent site visit to Lake Maitland. Surging uranium prices have prompted Toro Energy to release an updated scoping study into its Lake Maitland project in Western Australia, with the new data showing a bulging EBITDA of more than $2.3 billion during its 17.5-year mine life.

The latest figures assume current prices of US$85 (AU$128.50) per pound of uranium oxide and US$5.67 (AU$8.57) per pound of vanadium oxide, which is expected to be produced as a byproduct at the site. The previous study into the project, released in October 2022, used a uranium oxide price estimate of just US$70 (AU$106) per pound.

Toro’s new study predicts a pre-tax net present value (NPV) for Lake Maitland of $832.8 million, a pre-tax internal rate of return of 48 per cent and a payback period of 2.1 years. The company expects an average […]

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Uranium Markets At 16-Year Highs

The global uranium market has witnessed a significant surge, with prices reaching a 16-year peak of US$106 per pound U3O8 in late January 2024. This sharp incline has garnered attention from investors looking to capitalise on the bullish market conditions. An amalgam of factors has driven this heightened demand and constricted supply, culminating in the substantial price increase observed in recent years. Factors Influencing Uranium Demand Multiple influences have converged to push uranium prices upward. Key among these are production slowdowns caused by supply cuts and the persistent impact of the COVID-19 pandemic. Geopolitical tensions, particularly the Russia-Ukraine conflict, have exacerbated the situation, causing market uncertainties and further tightening supplies. Sprott Physical Uranium Trust, an investment entity that purchases physical uranium, has been a significant player in the market, influencing prices through its acquisitions.Nuclear power’s comeback, especially in Japan where […]

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Short term U3O8 spot price weakness belies the potential growth in demand and fragility of longer-term supply chains, a positive for the uranium bulls.

-U3O8 spot prices remain volatile as utilities stand back from the market
-Annual US uranium stockpiles rose in 2023 with Australia a significant supplier
-Canaccord Genuity, the latest broker to espouse the bull case for longer-term uranium demand

Short term pricing instability belies medium term fundamentals The spot price uranium market remains at elevated levels of price volatility, industry consultant TradeTech observes.Last week’s market vacillated with Monday’s prices between US$82.50lb and US$84lb, rising to US$83lb on the Tuesday before settling down towards the end of the week and finishing unchanged at US$85lb.Focusing out, the spot price has fallen -21% from a 16-year high in February at US$107lb, but at an average US$93.21lb the spot price remains 39% above the 2023 average.Utilities continue to focus […]

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Nuclear Power Plant – Uranium Bill Gates is betting on the future of nuclear energy as his next generation nuclear power plant, TerraPower, started construction last week.

While his company is privately held, exchange-traded fund investors can gain exposure to nuclear energy’s growth potential with uranium ETFs.

Nuclear power plants use controlled nuclear fission of enriched uranium to generate heat that boils water to create steam and spin turbines for electricity.

Gates’ next generation nuclear power plant uses liquid sodium, which has a boiling point eight times higher than water’s. So, according to Gates, “it can absorb all the extra heat generated in the nuclear core,” limiting temperatures that might cause a meltdown.After last week’s groundbreaking event in Kemmerer, Wyo., Gates remarked in his blog that he expects the site “will soon be the bedrock of America’s energy future” and that the move represents “the biggest step yet toward safe, abundant, zero-carbon […]

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Summary

Paladin Energy has successfully restarted production at the Langer Heinrich mine, with first shipments expected in July.

The company anticipates generating positive free cash flow, with the potential for further expansion and growth in its portfolio projects.

Main risks to the investment thesis include technical issues during the ramp-up phase and fluctuations in the uranium price, which could impact cash flow projections. Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More » onurdongel/iStock via Getty Images Introduction Paladin Energy ( OTCQX:PALAF ) has a 75% stake in the Langer Heinrich uranium mine in Namibia . After going bankrupt a while ago and seeing the (past-producing) mine being mothballed, the reopening process has been completed, and the mine is now producing uranium again with first shipments expected in July.Now the company is […]

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