Category: Uranium

In many ways it was a soggy end to the week, with the benchmark S&P/ASX 200 logging consecutive losses to pare back Monday-Wednesday’s gains to just 15 points.

But, as was the case most days this week, beneath the surface of a mundane benchmark were some rampaging moves in commodities stocks. They took turns, with iron ore, copper, and even lithium stocks getting a run at some point.

But consistently strong, were gold stocks – no surprise given the gold price continues to hover around record highs. Today, they were joined by uranium stocks, which were to say the least, magnificent.

Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 12 Apr 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 25.5 points lower at 7,788.1, 0.29% from its session low and 0.33% from its high/low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by […]

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Today in Review

Major market moves Markets

ASX 200 Session Chart The S&P/ASX 200 ( XJO ) finished 25.5 points higher at 7,788.1, 0.29% from its session low and 0.33% from its high/low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by a dismal 103 to 172. For the week, the XJO squeaked out a 14.8 point gain or just 0.19%.

The Gold ( XGD ) (+1.5%) sub-index was the best performing sector for the second time this week (bookending Monday’s strong performance). It’s been there or thereabouts all week, though, and this is no surprise given continued strength in the gold price. The Gold sector was up 4.7% for the week. Gold stocks finished the week as they started it Whilst not an official sub-sector, uranium stocks deserve a shout out today . They were quite magnificent with solid gains across each of the majors. […]

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Mining industry

Highlights Acquisition includes 3 Projects located in West-Central USA known for historic production of uranium/vanadium.

Proximity to licensed, operating processing plants using both conventional an in-situ recovery.

Figure 1: Project and Process Mill location Marysvale Project The property lies adjacent to the Central Mining Area, where an estimated 1.39mlb of U308 at 0.22% was produced from more than 10 mines between 1949 and 1966.JAG USA has leased 20 unpatented mining claims and one (1) state lease. Highlights: Marysvale Project was drilled by Phillips Uranium between 1977 – 1981 and this project has a historical working and pre-2007 NI 43-101 resource. Favorable geology with mineralization occurring from surface to a depth of at least 500 ft in strong clay-altered Rhyolitis Volcanics. (Refer Figure 2) Drilling intersected anomalous uranium and vanadiumin multiple zones. 127 historical drill holes were completed by Minex, PhillipsUranium and TrigonExploration Ltd between […]

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Not for distribution to United States Newswire Services or for dissemination in the United States

TORONTO, April 11, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner with PI Financial Corp. acting as co-agent (collectively, the “ Agents ”) in connection with a fully marketed private placement (the “ Offering ”) of up to 2,040,817 subscription receipts of PUR (each, a “ Subscription Receipt ”) at a price of C$2.45 per Subscription Receipt (the “ Offering Price ”) for gross proceeds of up to C$5,000,002. The Agents will have an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional 408,164 Subscription Receipts […]

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VANCOUVER, British Columbia, April 11, 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 3,061-hectare Atlantic Project (“ Atlantic ” or “the Project ”) highlighting anomalous radioactivity 1 in all completed drill holes. Atlantic is situated in the prolific eastern Athabasca Basin, northern Saskatchewan (Figure 1).

Highlights: Inaugural Success: Anomalous radioactivity (>300 cps) was intersected in all five of the Company’s inaugural drill holes at the Atlantic Project, coinciding with prospective structural zones and favorable alteration including dravite-rich clays .

Sandstone & Basement-Hosted Radioactivity: Multiple zones of elevated radioactivity linked to the sub-Athabasca unconformity and basement structural zones were intersected, indicating a uranium-fertile system.

Verified Targets: Massive structural disruption confirmed in the sandstone column and multiple wide (>10 metres) brittle-reactivated graphitic shear […]

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The worldwide landscape of uranium production is poised for substantial change, with an expected surge in output that could break previous records. This shift is driven by a renewed emphasis on clean energy transition and geopolitical tensions. A notable increase has been observed recently in the stocks of uranium miners, propelled by predictions of increased production coupled with price surges. Increase in Global Uranium Production

Mining.com’s latest reports indicate a promising outlook for the uranium industry as global production is predicted to grow by 11.7%, reaching over 60.3 kilotons (kt) by 2024. This forecast not only indicates a strong recovery but also signifies a crucial time for the industry as it approaches record-breaking levels of production. Kazakhstan Leading Production Growth

Kazakhstan is projected to lead this upswing in uranium production with considerable growth anticipated for 2024. Central to this expansion is Kazatomprom – the world’s topmost producer of uranium […]

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Fireweed Metals Exploration Planned For the Malborne Uranium Project

Calgary, Alberta–(Newsfile Corp. – April 9, 2024) – Record Resources Inc. (TSXV: REC) reports it has acquired an option on a large package of uranium claims northeast of Thunder Bay, Ontario, Canada.

The option covers a large area known as the Malborne property and is owned by privately-held exploration companies, 2758145 (Ontario) Inc and 1170331 BC Ltd. (the optionor). The land package consists of 780 claims stretching over 16,320 hectares (163 square kilometres) and is located 110 kilometres northeast of Thunder Bay, Ontario.

"The rocks in this land package, the Malborne claims, have the potential to be as prospective for uranium mineralization akin to the rocks in the Athabasca basin in Saskatchewan," said Record Resources CEO, Michael Judson. "Ontario is known for its uranium deposits and produced more than 400 million pounds of uranium oxide between 1955 and 1996." "There […]

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This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

Brokers are increasingly emphasising the global uranium demand/supply imbalance, and getting on board the market.

-SPUT back in buying uranium
-Utilities failing to meet supply requirements
-Production downgrades diminish supply -Morgan Stanley initiates coverage Physical uranium investment funds have made their mark over the past few years, and none more so than the Sprott Physical Uranium Trust.During its first year, SPUT purchased an average of 149,000lbs U3O8 per day, industry consultant TradeTech notes. Since then, shares in the fund have traded at a discount to net asset value more often, and this has restricted its buying activity. Since August 2022, SPUT has purchased an average of 14,900lbs per day.However, share prices entered premium territory for brief periods last week and fund managers were able to capitalise, issuing 1.7m shares and buying 200,00lbs U3O8 in […]

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The worldwide landscape of uranium production is poised for substantial change, with an expected surge in output that could break previous records. This shift is driven by a renewed emphasis on clean energy transition and geopolitical tensions. A notable increase has been observed recently in the stocks of uranium miners, propelled by predictions of increased production coupled with price surges. Increase in Global Uranium Production

Mining.com’s latest reports indicate a promising outlook for the uranium industry as global production is predicted to grow by 11.7%, reaching over 60.3 kilotons (kt) by 2024. This forecast not only indicates a strong recovery but also signifies a crucial time for the industry as it approaches record-breaking levels of production. Kazakhstan Leading Production Growth

Kazakhstan is projected to lead this upswing in uranium production with considerable growth anticipated for 2024. Central to this expansion is Kazatomprom – the world’s topmost producer of uranium […]

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

Toro Energy is going all in on uranium Credit: File Toro Energy has revealed proposals to spin out its portfolio of non-core nickel, gold, and base metal assets in Western Australia to focus solely on uranium.

Projects flagged for the spin out into a brand new IPO include Toro’s wholly owned Dusty Nickel project, 50km east of the town of Wiluna and the Yandal gold and base metals project.

Toro says the proposed demerger follows a detailed review of its asset base and the results returned from its Lake Maitland uranium deposit scoping study.

Lake Maitland is part of the company’s flagship Wiluna uranium project in Western Australia. Impressive metrics from the scoping study define a stand-alone project with a pre-tax net present value of $610 million and an internal rate of return of 41 per cent, based on a triuranium octoxide (U3O8) price of $70 per pound. TheNightly Get in front […]

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Fission Uranium Corp. ( TSE:FCU ) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Fission Uranium Corp. engages in the acquisition, exploration, and development of uranium resource properties in Canada. On 31 December 2023, the CA$868m market-cap company posted a loss of CA$8.9m for its most recent financial year. As path to profitability is the topic on Fission Uranium’s investors mind, we’ve decided to gauge market sentiment. We’ve put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.

According to the 4 industry analysts covering Fission Uranium, the consensus is that breakeven is near. They expect the company to post a final loss in 2025, before turning a profit of CA$5.3m in 2026. Therefore, the company is expected to breakeven roughly 2 years from today. How fast […]

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Buoyed by supply risks and robust long-term demand prospects, uranium spot prices topped $100 per pound in early 2024. Despite a recent pullback, miners and analysts unanimously believe that the long-term upward trend in uranium prices will persist.

Last month, the world’s largest uranium producer, Kazakhstan’s Kazatomprom revealed during an earnings conference call that they anticipate a supply shortfall of 21 million pounds by 2030, which is projected to grow to 147 million pounds by 2040. Additionally, Cameco issued a warning indicating supply challenges in the coming years. Together, these two companies account for half of the global supply.

Justin Huhn, an analyst at Uranium Insider, stated that the reason for the bullish uranium price outlook is quite simple: demand far exceeds supply. The upward trend in uranium prices indicates a brighter future for uranium miners and stocks, and is likely to drive up the prices of related exchange-traded funds (ETFs). […]

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It was another tough day at the office for Aussie investors. But let me put this out there, I bet it wasn’t as bad as you expected given the lead we had from Wall St, right?

Yesterday I referred to investors in gold, copper, and uranium stocks as "lucky". Today, that list was narrowed to just gold, if you get what I mean.

Unlucky areas of the market, like lithium and iron ore, continued to be unlucky, as was pretty much everything else. On that cheery note, for the last time this week…

Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 5 Apr 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 44.0 points lower at 7,773.3, 0.41% from its session low and 0.57% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by a dismal 70 to 205.For the week, the […]

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Pic via Getty Images share

It’s not just AFL teams gathering round Adelaide this week, with some of Australia’s most exciting up and coming miners in town for the inaugural Resources Rising Stars ‘Gather Round’ event at the National Wine Centre yesterday.

Turns out my Freo Dockers weren’t the hottest ticket in town as resources executives across a gamut of commodities took to the podium to present insights into their flagship projects and upcoming plans.

The mood was abuzz with positivity amongst investors, too, with gold prices soaring to new heights, passing the US$2,300-mark yesterday morning after a strong signal from Federal Reserve Chair Jerome Powell that policymakers will wait for clearer signs of lower inflation before cutting interest rates. Uranium miners get drilling Uranium miners kicked the day off with DevEx (ASX:DEV) managing director Brendan Bradley painting a compelling picture of its prized package of tenements in the NT’s […]

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The S&P 500 and Nasdaq eked out a small gain following softer-than-expected services data and a ‘no surprises’ speech from Fed Chair Powell, gold hits another record high, copper prices soar to levels not seen since February 2023 and uranium equities trended higher overnight.

Let’s dive in. S&P 500 SESSION CHART

S&P 500 intraday S&P 500 higher but off best levels (Source: TradingView) MARKETS

S&P 500 higher but finished off best levels after a volatile season Bond yields, US dollar and VIX lower after recent upswing Overnight markets supported by yield stabilisation following softer-than-expected ISM services data and cooling price sub-index as well as no surprises from Powell speech Gold hit record high of US$2,300, extends win streak to eight Copper soars to US$4.2/lb for the first time since February 2023 Powell delivered economic remarks where he largely reiterated previous commentary on monetary […]

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VANCOUVER, British Columbia, April 03, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to provide an update on exploration activities on the 19,604-hectare Sun Dog Project (“ Sun Dog ” or “the Project ”), currently under a three-year earn-in option agreement with Aero Energy Ltd. (“ Aero ”) (TSX-V: AERO).

The Company is pleased to confirm the start of an airborne VTEM™ (Versatile Time-Domain Electromagnetic) Plus survey aimed at detecting structural corridors of electrically conductive graphite-rich rocks that are the favoured targets for large basement-hosted uranium deposits (As announced by Aero Energy on March 26 th , 2024). The survey is being carried out by Geotech Ltd. of Aurora, Ontario.

Additionally, the Company is pleased to announce the engagement of drilling contractor Team Drilling LP of Saskatoon, SK for the planned Spring/Summer exploration program at […]

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Thump. That’s the sound of Aussie stocks coming back to earth. And most of us would probably say: Well… Duh !

I mean, hands up if you actually thought the Federal Reserve in the US was going to cut rates three times this year? Yeah, just as I thought. Nobody.

But this is what markets do …they get all excited about something (usually interest rate cuts), and then all miserable when reality suddenly sets in.

Oh well…it’s time for your daily dose of reality…so…Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 3 Apr 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 105.4 points lower at 7,782.5, 1.45% from its session high and just 0.15% from its low. In the broader-based S&P/ASX 300 ( XKO ), advancers beat decliners by 41 to 235.So, it was a sizeable and broad-based move which closed relatively near the low of […]

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Latest stories

The Independent American Airlines is now allowing passengers to bring pets in carry-ons – this is what other airlines allow

The airline’s new policy will see passengers saving money when travelling with their furry friends 2 hours ago

ITN Sunak and Tees Valley mayor visit Teesworks freeport Rishi Sunak visits Teesworks freeport with Tees Valley Conservative mayor Lord Ben Houchen after an inquiry was launched into corruption allegations surrounding the redevelopment project. . 2 hours ago Sky News Florida Everglades boat tour overturns in alligator-infested waters A man has been arrested after a boat overturned in alligator-infested waters in the Florida Everglades. Nine people on an airboat tour of the area – including tourists from Puerto Rico and Canada – and the driver fell into the water when the boat made a sharp turn to see an alligator but flipped over on Friday afternoon. […]

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ASX 200 futures are trading 2 points higher, up 0.02% as of 8:30 am AEDT.

Major US benchmarks kicked off April on a weaker note, bond yields climb on stubborn US inflation data and a jump in manufacturing activity, gold prices hit another all-time high as the Fed-fuelled rally continues, oil prices settle at a 5-month high on tighter supply outlook, China’s manufacturing data is at its most robust level in 13 months, uranium stocks soared overnight and Austal is the latest M&A receipt.

Let’s dive in. Overnight Summary

Tue 02 Apr 24, 8:28am (AEDT) Name Value % Chg Major Indices S&P 500 5,244 -0.20% Dow Jones 39,567 -0.60% NASDAQ Comp 16,397 +0.11% Russell 2000 2,103 -1.02% Country Indices Canada 22,185 +0.08% China 3,077 +1.19% Germany 18,492 +0.08% Hong Kong 16,541 +0.91% India 74,015 +0.49% Japan 39,803 -1.40% United Kingdom 7,953 +0.26% Name Value % Chg Commodities (USD) Gold […]

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The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that comes as global instability and growing demand drive uranium prices higher.

The Biden administration and dozens of other countries have pledged to triple the capacity of nuclear power worldwide in their battle against climate change, and policy changes are being adopted by some to lessen Russia’s influence over the supply chain.

But as the U.S. pursues its nuclear power potential, environmentalists and Native American leaders remain fearful of the consequences for communities near mining and milling sites in the West and are demanding more regulatory oversight.

BIDEN ADMIN TO PROVIDE $1.5B LOAN TO RESTART MICHIGAN NUCLEAR PLANT The new mining at Pinyon Plain Mine near the Grand Canyon is happening within the boundaries of the Baaj Nwaavjo I’tah Kukv National Monument that was designated in August by […]

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The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that comes as global instability and growing demand drive uranium prices higher.

The Biden administration and dozens of other countries have pledged to triple the capacity of nuclear power worldwide in their battle against climate change, and policy changes are being adopted by some to lessen Russia’s influence over the supply chain.

But as the U.S. pursues its nuclear power potential, environmentalists and Native American leaders remain fearful of the consequences for communities near mining and milling sites in the West and are demanding more regulatory oversight.

The new mining at Pinyon Plain Mine near the Grand Canyon is happening within the boundaries of the Baaj Nwaavjo I’tah Kukv National Monument that was designated in August by President Joe Biden. The work was allowed to move forward since Energy […]

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Dasa Uranium Project Remains on Schedule to Produce Yellowcake in Q1 2026

HIGHLIGHTS

Dasa Uranium Project – Mineral Resource Estimate On May 23, 2023, the Company announced the completion of an updated Mineral Resource Estimate ("MRE") for the Dasa Project. The MRE includes the results of a 16,000-meter drill program that was designed to convert Inferred Resources to Indicated Resources and resulted in a 50% increase in Indicated Resources at a 1,500-ppm cut-off grade.

Dasa Uranium Project – Off-take Agreements In 2023, the Company formalized three off-take agreements with major North American utilities for the delivery of 1.4 million pounds U 3 O 8 per year for the first five years of mining. These off-take agreements represent a small percentage of the current 68.1 million pounds of production in the new 23.75-year Mine Plan and provide the Company with the ability to repay the debt financing facility, […]

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Mr. George Sookochoff reports:

Crackingstone Highlights Property cover 5kms of Black Bay Shear Zone which hosts several past producing uranium mines

Historic grab samples at uranium showings (%U3O8); Beck 93-12.53%; Beck 102-5.2% Beck 91 -2.86%

Belmont 2008 Drilling DH-C14 intercepted 2.09% U3O8 over 0.3 m and 0.87% U3O8 over 0.5 m within 1.18% U3O8 over 0.9 m from 49.1 to 50.0 m. Ground Spectrometer surveying outlined a radioactive zone 1km long and 300m wide with CPS readings ranging from 400-65,000 cps. No less than 3 major conductive structural corridors associated with Uranium occurrences identified totaling 10 kms, with 2 areas of fault intersections being prime locations for uranium mineralization March 27, 2024 -Vancouver, B.C., Canada – Belmont Resources Ltd. (“Belmont” or the “Company”) (TSX.V: BEA; FSE: L3L2) is pleased to announce plans for a 2024 exploration and drilling program on its Crackingstone Uranium project […]

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VANCOUVER, British Columbia, March 26, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) ( TSX-V: STND ) ( OTCQB: STTDF ) ( Frankfurt: FWB:9SU ) is pleased to announce it held its Annual General and Special Meeting of Shareholders (the “Meeting”) on March 26, 2024.

At the Meeting, shareholders voted in favour of all business items including setting the number of directors at six (6) and the re-election of directors: Jon Bey, Neil McCallum, Mike Young, Zoya Shashkova, Blair Jordan and Kenneth Judge. Furthermore, the shareholders have approved the re-appointment and remuneration of Manning Elliott LLP as the Company’s auditor for the ensuing year, the re-approval of the Company’s Omnibus Plan, and the approval of continuance resolution set out in Schedule “C” of the Company’s information circular.

About Standard Uranium (TSX-V: STND)

We find the fuel to power a clean energy […]

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Today in Review

Major market moves Markets

ASX 200 Session Chart The S&P/ASX 200 ( XJO ) finished points lower at , 0.41% from its session high and just 0.06% from its low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by 108 to 155.

The Gold ( XGD ) (+0.82%) sub-index was the best performing sector today, likely in response to a modest gain in the gold price overnight. Also doing well today was the Energy ( XEJ ) (+0.50%) sector which was boosted by a similar gain in the crude oil price. I’ll review interesting gold chart and one interesting energy chart in today’s ChartWatch . The best performing stocks from the Gold and Energy sectors today Doing it tough today was the Information Technology ( XIJ ) (-1.6%) sector, but the Communication Services ( XTJ ) (-1.0%) sector wasn’t great either. There’s a […]

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