Category: Uranium

Uranium Energy has a valuable stockpile of uranium to sell, but it still doesn’t have an operating uranium mine.

Management at Uranium Energy ( UEC 1.85%) chose to buy uranium at a time when uranium prices were near historic lows, which was a very difficult moment to make such a decision, and it built up a nice stockpile. The company deserves credit for that, because it is now reaping the benefits by selling uranium while ore used to make nuclear fuel has increased in value.

The stockpile of ore is one of the main reasons investors are considering buying the stock right now as the company works to build out a uranium mining business. But there are other factors that need to be considered as well. Here’s what you need to know before you buy Uranium Energy. Uranium Energy timed the markets right

After the Fukushima nuclear meltdown in 2011, governments […]

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So often over the last few weeks, we’ve seen most sectors up or most sectors down during a session.

Today, 5 of the 11 major sectors were up, and 6 were down. This lack of decisiveness, the small daily trading range, and general lack of news and moves even at a stock level – speaks of an overwhelming malaise among investors in Aussie stocks.

Possibly, with key commodity prices on the decline, international investors are looking elsewhere. Their selling is possibly too much for the general ebb of demand from local passive super funds.

Or it’s just a case of let’s wait and see.If you thought last week was a big one with respect to major economic data pressure points (Aussie employment, US CPI, and a Fed meeting), this week makes last week look like kindergarten.Today’s malaise might be the norm until we get past three central bank meetings (our own RBA’s […]

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In a recent report released by the U.S. Energy Information Administration (EIA), Canada emerged as the leading source of uranium deliveries to the United States in 2023, accounting for 27% of the total. The annual Uranium Marketing Report, which provides detailed data on uranium purchases, prices, contracts, and inventories, highlighted significant trends and changes in the U.S. uranium market over the past year.

The report showed that owners and operators of U.S. civilian nuclear power reactors (COOs) purchased 51.6 million pounds of uranium oxide equivalent (U3O8e) in 2023, marking a 27% increase from the 40.5 million pounds purchased in 2022. The average price also rose by 12%, reaching $43.80 per pound U3O8e, the highest since 2015​.

It indicates that besides Canada, significant uranium deliveries came from Australia and Kazakhstan, each contributing 22% of the total. Russia provided 12%, while Uzbekistan accounted for 10%. The U.S. itself supplied 5%, maintaining the same […]

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Source: Clive Maund 06/11/2024

Technical Analyst Clive Maund shares his thoughts on Tisdale Clean Energy Corp. to explain why he believes it is a Strong Buy.

Tisdale Clean Energy Corp. (OTC:TCEFF) is looking for uranium in the prolific Athabasca Basin in Saskatchewen.

This is a place that hosts a range of significant deposits with the company’s South Falcon East flagship property located.This is shown on the following slide from the company’s latest investor deck at the southeast of the basin. The next slide shows that there are big uranium companies active in the area, such as Cameco Corp. (NYSE:CCJ), Denison Mines Corp. (AMEX:DNN), and NexGen Energy Ltd. (NYSE:NXE), and they would not be there without good reason, so the chances of making a significant discovery are high. This next slide shows the company’s South Falcon East property in more detail, and on it, we can see the proximity of big […]

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Nasdaq- and TSX-V-listed enCore Energy has announced the successful startup of production at the Alta Mesa uranium central processing plant (CPP) and wellfield, in south Texas.

With the restart of the previously producing Alta Mesa project , enCore was the only uranium producer in the US with multiple operational production facilities, it said in a statement on Thursday.

The company, which owns the project in a 70:30 joint venture (JV) with Australia’s Boss Energy , expects the first shipment of yellowcake from Alta Mesa within the next 60 to 90 days.

“The enCore team has advanced the Alta Mesa project from acquisition in February 2023 to completion of upgrades, wellfield installation , and production in just fifteen months. This effort has brought our second producing asset online, fulfilling our commitment to commence production in the second quarter of 2024,” said CEO Paul Goranson .The initial ramp-up at Alta Mesa would be a […]

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Mr. Amir Adnani reports:

VANCOUVER, BC, June 13, 2024 /CNW/ – GoldMining Inc. (the " Company " or " GoldMining ") (TSX: GOLD) (NYSE American: GLDG) is pleased to report preliminary results from reprocessing, inversion and modeling of historic geophysical surveys on the Rea uranium project (" Rea Project "), Western Athabasca Basin, Alberta, Canada (see Figure 1). The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. (" Orano "). The large land package of approximately 125,328 hectares surrounds Oranoꞌs high-grade Dragon Lake prospect at its Maybelle River project. World-class uranium deposits located 60 km to the southeast of the Rea Project include Fission Uranium Corp.’s (" Fission ") Triple R deposit and NexGen Energy Inc.’s (" NexGen ") Arrow deposit, which are currently in development.

Alastair Still, CEO, stated: "The cost-efficient work by our technical team to advance our highly prospective Rea Project […]

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Vancouver, British Columbia–(Newsfile Corp. – June 13, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the results of the 2024 winter drilling program and upcoming summer 2024 exploration plans at its Gibbons Creek Uranium Project (" Gibbons Creek ", or the " Project ") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan.

Gibbons Creek is the subject of an option earn-in transaction with Trinex Lithium Ltd., a wholly-owned subsidiary of Trinex Minerals Limited (" Trinex "), which is a publicly-traded mineral exploration company listed on the Australian Securities Exchange. Under the terms of a definitive agreement signed in May 2024, Trinex can earn an initial 51% interest and up to a 75% participating interest in the Project in two stages over a period of five years by making cash payments and common shares payments […]

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Weekly Reports | 10:00 AM This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

Morgan Stanley forecasts nuclear energy production to double globally by 2050. Spot U3O8 weakened last week. Bell Potter reports back from Namibia.

-Nuclear industry celebrates a 50-year milestone
-Morgan Stanley runs with the nuclear energy bulls
-Bell Potter’s Namibian site visit updates By Danielle Ecuyer U3O8 spot market adjusts to the softer utility demand It seems apposite the uranium industry celebrated the 50 th anniversary of the World Nuclear Fuel Market (WNFM) conference last weekend, at a time when the industry is undergoing many challenges or as the agenda suggested “Building the Jigsaw Puzzle”.Industry consultant TradeTech outlined the topics covered, including the nuclear fuel market supply and demand issues, challenges to production capacity, production costs, and supply chain constraints.The most important aspect for utilities and other attendees remained the […]

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Vizsla Silver Mr. Nikolaos Cacos reports:

VANCOUVER, BC, June 10, 2024 /CNW/ – Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF) , "Blue Sky" or the "Company") is pleased to announce that it has entered into a binding term sheet (the " Term Sheet ") effective as of June 6, 2024 with Corredor Americano S.A. (" COAM "), an Argentine company of the Corporación América Group, to complete an option agreement (the " Proposed Transaction ") in respect to the Company’s Ivana Uranium-Vanadium Deposit (" Ivana " or the " Property ").

Proposed Transaction Highlights (All figures in US dollars): COAM can earn up to a 50% indirect interest in the Property by spending up to US$35M and advancing Ivana through to completion of a feasibility study, and to drill key exploration targets located in adjacent areas of the Property.

Following a positive feasibility study, COAM can earn […]

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The uranium industry has been on a real rollercoaster in 2024. Early in the year, uranium prices (UXM24) shot up past $100 per pound in January, a level we hadn’t seen since 2007, before dropping back below $90 per pound by the end of the first quarter.

This wild ride was driven by concerns over potential supply shortages following production cuts announced by major producer Kazatomprom. This price surge has positively impacted uranium mining companies, with Energy Fuels (UUUU) reporting the sale of 300,000 pounds of triuranium octoxide (U3O8) in Q1 2024 at an average realized price of $84.38 per pound, resulting in a gross profit margin of 56%.

However, analysts are divided on the outlook for Energy Fuels due to its recent diversification into rare earth elements (REE). This dual focus has sparked a lot of debate among analysts, making it a hot topic for investors.

The big question is: Will […]

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VANCOUVER, BC / ACCESSWIRE / June 7, 2024 / North Shore Uranium Ltd. (TSX-V:NSU) (" North Shore " or the " Company ") is pleased to report that all resolutions put forward at the Annual General and Special Meeting (the "Meeting") of the Company’s shareholders held on June 7, 2024, as further described in the Company’s information circular dated April 30, 2024, were approved. The approved resolutions include the renewal of the Company’s 10% "rolling" stock option plan (the "Option Plan") and approval of a fixed equity incentive plan (the "Equity Plan"). The Board of Directors approved the Equity Plan on April 8, 2024, subject to regulatory and shareholder approval. The Company’s current Option Plan and new Equity Plan follow the new security-based compensation policy adopted by the TSX Venture Exchange in November 2021.

Stock Option Plan

The Company’s current Option Plan is a 10% "rolling" stock option plan […]

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VANCOUVER, BC / ACCESSWIRE / June 7, 2024 / North Shore Uranium Ltd. (TSX-V:NSU) (" North Shore " or the " Company ") is pleased to report that all resolutions put forward at the Annual General and Special Meeting (the "Meeting") of the Company’s shareholders held on June 7, 2024, as further described in the Company’s information circular dated April 30, 2024, were approved. The approved resolutions include the renewal of the Company’s 10% "rolling" stock option plan (the "Option Plan") and approval of a fixed equity incentive plan (the "Equity Plan"). The Board of Directors approved the Equity Plan on April 8, 2024, subject to regulatory and shareholder approval. The Company’s current Option Plan and new Equity Plan follow the new security-based compensation policy adopted by the TSX Venture Exchange in November 2021.

Stock Option Plan

The Company’s current Option Plan is a 10% "rolling" stock option plan […]

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Adventure_Photo/iStock The power of the atom can also power your portfolio.

Although uranium is a niche for investors among many other energy industry choices, a prudent allocation to the nuclear fuel can give a certain glow to your holdings. Uranium prices have heated up as a host of short-term factors align with the long-term global push to reduce the use of fossil fuels.

“Helping to push prices up are limited supply and nuclear power being seen as key in the fight against climate change due to its zero-carbon emissions,” said Michael Ashley Schulman, chief investment officer with Running Point Capital Advisors.

In addition to carbon-free electricity, uranium-fueled nuclear power is attractive for governments because of the increased desire for energy security, especially after Russia’s invasion of Ukraine threw global energy markets into turmoil.“In the face of geopolitical supply risks, nuclear energy holds advantages that other fuels such as oil, gas and coal […]

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Source: Shutterstock, Market Index Stocks in article

MktCap:

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MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:- Commodities in article Uranium Share article Facebook X LinkedIn Copy Link Key Points The uranium price experienced a massive surge in 2023 and early this year, but has since pulled back Major broker Citi believes there several are short and long term reasons to remain “tactically bullish” on uranium The growing AI and data center themes are likely to increase the demand for power in the USA, and this will support greater demand for US nuclear energy 2024 has been the year of commodity mega-themes: gold, silver, copper, and of course, uranium. Each has captured Aussie investors (and cash) at one time or another this year.As the prices of each of the commodities listed above start to neutralise after massive run-ups, the price of uranium arguably is starting to do more than just neutralise – it’s potentially starting to fall. […]

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Arizona Sonoran Copper VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that inaugural drilling activities are now complete at the Company’s 7,302-hectare Canary Project (“ Canary ” or “the Project ”) highlighting localized anomalous radioactivity 1 and prospective rock types typical of basement-hosted uranium deposits. Canary is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

The Project is currently under a three-year earn-in option agreement (the “ Option Agreement ”) with Mamba Exploration Limited. (“ Mamba ”). Pursuant to the Option Agreement, Mamba has been granted an option (the “ Option ”) to earn a 75% interest in the Project by funding CAD$6M in exploration expenditures over three years, with the inaugural drill program satisfying the year one exploration spend.

Highlights: Inaugural Success: Anomalous […]

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June 6, 2024 Inkai Uranium Mine, Kazakhstan. Kazakhstan uranium comprises 25% of all US uranium imports. (Photo: NAC Kazatomprom JSC/Wikimedia Commons)

When Russia first invaded Ukraine on February 24, 2022, no one knew how long the fighting would continue and what the outcome might be. Kyiv was expected to fall immediately. It didn’t. More than two years on, the war continues and the rumblings from Russia about nuclear weapons use grow frighteningly louder.

The rush by the United States and its NATO allies at the time of the invasion to help defend — and to some extent arm — Ukraine included a quick decision to sanction Russian fossil fuel imports. On March 8, 2022, just 12 days after the invasion, US president, Joe Biden, signed an Executive Order banning the import of Russian oil, liquefied natural gas, and coal to the United States. Russian uranium was not included.

At the time of […]

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World’s largest deposits of high-grade uranium up to 100X greater than world average

Known uranium deposits will last 40+ years at current level of production

Uranium prices up 265% in last 5 years & up 63% in last 12 months

Vancouver, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) — MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company ", " MegaWatt Metals " or “ MegaWatt ”) is pleased to provide an overview of Canada’s uranium mining market as a backdrop to the Company’s enthusiasm for the sector, MegaWatt’s planned work program for its Labrador-based Benedict Mountains Uranium Property, and our interest in potentially staking additional land in the area to increase the Company’s regional holdings. Uranium prices have increased by 265% in the last 5 years and by 63% in the last 12 months. Fortunately for Canada and its uranium […]

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Dynacor Group HALIFAX, NS, June 4, 2024 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce drill targets for its Murmac Uranium Project ("Murmac or the "Project") located in northern Saskatchewan. A drilling program is scheduled to commence in the coming days to test up to thirteen (13) of these targets with the potential to discover high-grade, basement-hosted uranium mineralization related to the Athabasca Basin. The drilling program is being funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0) ("Aero"), and is being operated by Fortune Bay, under an Option Agreement that was executed on December 15, 2023.

Highlights: A total of thirteen (13) priority drill targets have been selected following the recent completion of a high-resolution VTEM ™ survey (April 2024) and 3D modelling of the existing ground gravity data.

The targets represent favorable […]

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Thunderbird Resources is amassing $4.1 million for its uranium exploration in Canada. Credit: File Perth-based explorer Thunderbird Resources is beefing up its bank balance to the tune of $4.1 million ahead of a 2400m drilling blitz targeting high-grade uranium at its flagship Hidden Bay project in the globally-renowned Athabasca Basin in Canada.

Fieldwork programs are already underway, with the company’s drill-testing of multiple targets at the operation expected to kick off in August.

Management has also earmarked part of the funding to be utilised across its other Canadian uranium projects, including airborne geophysics at the Surprise Creek play where past drilling returned a 2.1m intercept at a cracking 4.37 per cent uranium.

The capital raise consists of a placement to secure $1.35 million at an issue price of 3c – representing only a modest 6.25 per cent discount to the previous closing share price of 3.2c. Respected corporate finance and stockbroking firm […]

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Infini Resources has clinched a new deal to expand its holdings of tenements prospective for uranium in WA’s East Murchison region. Infini Resources has expanded its prospective Western Australian uranium ground by acquiring the Bellah Bore East deposit that hosts an older-style JORC resource of 350,000 tonnes at 210 parts per million for 160,000 pounds of the radioactive element.

Bellah Bore East sits next to the company’s Yeelirrie North project, about 60km south-west from the WA gold-mining town of Wiluna and 900km north-east of Perth by road in the East Murchison region. Management says the acquisition is a strategic consolidation of its landholdings in the area, with Bellah Bore East sitting on the western edge and contiguous to its existing Yeelirrie North tenement.

The acquisition sits on a prospecting licence with a 92.67-hectare footprint and the deposit within it stretches for 500m by 150m and is based on historical air-core (AC) […]

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Uranium Energy shares are up more than 175% in a year. Should stock investors hold for more or lock in a profit?

Shares of Uranium Energy ( UEC -1.79%) have rocketed higher over the past year, gaining a massive 175% or so. This has been driven by the rising price of uranium, the nuclear fuel that the company sells. But this is a notoriously volatile commodity that has often experienced steep declines after rapid price increases. What should investors do with Uranium Energy today — buy, sell, or hold? Buy Uranium Energy

Uranium Energy is an interesting company in the nuclear energy space . For starters, it doesn’t actually have any operating mines at this point. What it owns is a stockpile of uranium that it purchased when uranium prices were deeply depressed. It can now sell all of the uranium for a profit and use the cash to build […]

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Yellowcake (uranium concentrate) produced at Cameco’s Rabbit Lake mine in Saskatchewan. Credit: Cameco Source: Trading Economics Since then, there has been a moderate pull-back; uranium is now consolidating just above $90 per pound.

So, can uranium rip higher from these elevated levels?

Well, that depends. Last year’s terrific run was driven by strong demand outlooks.

Uranium, the fuel for nuclear reactors, has benefitted from renewed interest in building global nuclear capacity. That’s partly due to the push to go green.Here, nuclear power offers baseload power that’s carbon-free and reliable. Whether night or day, cloudy or windless, nuclear provides uninterrupted power.But there’s another important side to the nuclear story: costs are rising.Despite central bankers’ claims to the contrary, inflationary pressures continue to loom.Rising tariffs and trade tensions between the world’s two largest economies, China and the US, threaten to bifurcate global trade.This is highly inflationary and occurs just as the US ramps up […]

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Mr. George Stephenson reports:

CALGARY, ALBERTA – TheNewswire – May 30, 2024 – Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the “Company”) is pleased to announce a Letter of Intent (LOI) for processing of Sahara Uranium-Vanadium ore at the future Green River Utah processing facility being constructed by Western Uranium and Vanadium (WUC). The LOI highlights the intent for Ashley to produce 100,000 tons of Uranium-Vanadium ore per year approximating 500,000 lbs of Uranium* and 750,000 lbs of Vanadium*.

Darcy Christian, CEO of Ashley comments “It is my pleasure to announce the beginning of a productive relationship between Western and Ashley. By working with George Glasier and Western we are being benefitted with a significantly reduced capital expenditure and timeline to move to a production company. We will benefit from Western’s patented kinetic separation technology for lower cost processing and Western will have additional local ore for processing to maximize profitability […]

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A worker steps off a mining winch during routine maintenance at the Energy Fuels Inc. uranium Pinyon Plain Mine on Jan. 31, near Tusayan, Ariz. David Morrison is the chief executive of Eight Capital, one of the largest independent investment banks in Canada.

Earlier this month, the U.S. Senate passed legislation to ban Russian uranium imports, and President Joe Biden signed off on it. The ban involves a phase-in period, until the end of 2027, to allow domestic production and supplies from allies to ramp up. Given that Russia supplied the U.S. with roughly a quarter of its uranium needs in 2022, this is no small task. According to U.S. officials , Washington is counting on Canada to step up and fill the gap. We have just three years to prepare – less if the Russians retaliate by pre-emptively restricting their exports. Our usual glacial pace will not cut […]

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The analysts at Atrium Research already took a close look at the uranium sector in November 2022. Since then, the uranium price on the spot market has risen by more than 84%. It reached a high of USD 106 per pound of U3O8 in January 2024.

As the experts explain, this drastic price increase has been building up for years, if not decades – mainly due to the high demand for the metal in view of the ambitious decarbonization targets and the uncertain future supply.

However, Atrium continues to believe that the spot price for uranium is still not high enough to serve as an incentive to build up new production. Which means, they say, that there is still room for the uranium price to rise. Numerous countries have included nuclear energy in their strategy

In their last report on uranium, the analysts highlighted key developments in demand for nuclear energy […]

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