Category: Uranium

TSX SYMBOL: FCU OTCQX SYMBOL: FCUUF FRANKFURT SYMBOL: 2FU Fission Uranium Corp. is pleased to announce that it has appointed uranium mining expert, Gary Haywood P.Eng., as VP Project Development. Mr. Haywood is a professional Mining Engineer with 35 years’ experience, including seven years with Cameco as General Manager at the McArthur River and Senior Mine Engineer at the Eagle Point uranium mining operations in …

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

Fission Uranium Corp. (“Fission” or the “Company”) is pleased to announce that it has appointed uranium mining expert, Gary Haywood P.Eng., as VP Project Development. Mr. Haywood is a professional Mining Engineer with 35 years’ experience, including seven years with Cameco as General Manager at the McArthur River and Senior Mine Engineer at the Eagle Point uranium mining operations in Saskatchewan, Canada . He will be responsible for taking the lead […]

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In August, the US Democrats endorsed nuclear energy for the first time in 48 years as part of its ‘technology-neutral’ approach to decarbonising the power sector. After almost a decade of underinvestment, frailties in uranium supply are becoming evident. Peninsula Energy Ltd ( ASX:PEN ) received a speculative buy rating and a 15 cents per share risked price target from Canaccord Genuity in December.

Canaccord Genuity is the global capital markets division of Canaccord Genuity Group Inc ( TSE:CF ).

Canaccord sees the potential for a robust development opportunity for Peninsula’s Lance Projects in Wyoming, US assuming a recovery in uranium prices.

The following is an extract from Canaccord’s initiation report on Peninsula: US uranium leverage Peninsula Energy (PEN) is focused on transitioning to a low pH operation at its uranium Lance Projects located in Wyoming, US which currently has a Mineral Resource totalling 51Mt at 479ppm U3O8 for 53.6Mlb U3O8. […]

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Vancouver, British Columbia–(Newsfile Corp. – January 4, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV ) (OTCQB: CVVUF ) (FSE: DH7N ) ("CanAlaska" or the "Company") announces that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 3,245,000 common shares of the Company pursuant to the company’s share option plan. The options are exercisable for a period of two years at a price of $0.42 per share.

The Company has engaged Red Cloud Financial Services to assist CanAlaska with marketing, media outreach and other services. Red Cloud will assist the Company with expanding its contact network. The team at Red Cloud is well established in the capital markets, particularly in the mining industry. Red Cloud’s full-service approach to assist active mining and exploration companies supports CanAlaska’s prospect generator activities. The Company’s agreement with Red Cloud is for a […]

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Uranium Energy Corp. logo BidaskClub upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) from a buy rating to a strong-buy rating in a research note published on Wednesday, BidAskClub reports.

UEC has been the topic of a number of other reports. Canaccord Genuity initiated coverage on Uranium Energy in a research note on Wednesday, October 14th. They issued a buy rating and a $1.50 price objective on the stock. Roth Capital reissued a buy rating and set a $2.40 price objective (down previously from $2.90) on shares of Uranium Energy in a report on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $2.10.

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NYSEAMERICAN UEC opened at $1.76 […]

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Ready and waiting…

That’s the best way to describe Western Uranium & Vanadium Corp. (CSE: WUC | OTCQX: WSTRF), a Colorado based uranium and vanadium conventional mining company focused on low cost near-term production of uranium and vanadium in the western United States. The market clearly sees the company that way as well, as the stock has doubled since early December on no apparent news.

Recall that the company is a ‘production ready’ miner with fully permitted mines in western Colorado and eastern Utah, USA. Their flagship project is the Sunday Mine Complex which consists of 221 unpatented claims on public lands covering approximately 3,800 acres. The complex contains 5 mines, including the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. The complex was most recently actively mined from 2007 to 2009.

During 2019, a mine re-opening project was implemented to identify high-grade […]

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Uranium Energy logo Jane Street Group LLC lessened its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 79.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,463 shares of the basic materials company’s stock after selling 120,859 shares during the quarter. Jane Street Group LLC’s holdings in Uranium Energy were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Uranium Energy in the third quarter valued at approximately $30,000. Advisor Group Holdings Inc. raised its position in Uranium Energy by 290.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 32,768 shares of the basic materials company’s stock valued at $28,000 after buying an additional 24,379 shares […]

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OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Dec. 31, 2020 /CNW/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML ) (NYSE American: DNN) is pleased to announce that today it has completed a non-brokered private placement of common shares that qualify as "flow-through shares" for purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of CAD$0.86 per share, for gross proceeds of approximately CAD$930,000 (the "Offering"). View PDF version

The financing was priced on December 16, 2020 at a 17% premium to the then 5-day volume weighted average price ("VWAP") of the Company’s shares on the TSX. View PDF Denison Completes Private Placement of Flow-Through Shares for Proceeds of Approx. CAD$930,000 (CNW Group/Denison Mines Corp.) David Cates, President and CEO of Denison, commented, "This small financing was led by strong insider participation – […]

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The Peninsula Energy Ltd (ASX: PEN) share price is advancing today following the overnight United States Omnibus budget approval . During late morning trade, the Peninsula share price rose as high as 11.5 cents. However, the uranium mining company’s shares have since partially retreated to 11 cents, up 10% for the day.

Let’s take a look at what is moving the Peninsula share price today. What’s driving the Peninsula share price?

The Peninsula share price is on the rise today after the company advised the United States President Donald Trump signed off on the Omnibus budget bill. The approved spending package will see the US Department of Energy allocate US$75 million towards the establishment of a national strategic uranium reserve.

Under the American Nuclear Infrastructure Act (ANIA), the US Department of Energy will be restricted to only buy uranium recovered from facilities licenced by the Nuclear Regulatory Commission. This, in […]

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VANCOUVER, BC / ACCESSWIRE / December 31, 2020 / AZARGA URANIUM CORP. (TSX:AZZ) (OTCQB:AZZUF) (FRA:P8AA) ("Azarga Uranium" or the "Company") is pleased to announce that it has closed its previously announced over-subscribed bought deal prospectus offering of units of the Company (the "Offering"). Haywood Securities Inc. and Eight Capital (collectively, the "Underwriters") acted as co-lead underwriters of the Offering. Pursuant to the Offering, the Company issued a total of 30,000,000 units of the Company (the "Units"), at a price of C$0.20 per Unit for gross proceeds to the Company of C$6,000,000.

Each Unit consists of one common share in the capital of the Company (a "Common Share") and one half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share (a "Warrant Share") at a price of C$0.28 until 31 December 2022. The Units were offered by way of […]

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In last trading session, Uranium Energy Corp. (NYSE:UEC) saw 2,425,366 shares changing hands with its beta currently measuring 2.14. Company’s recent per share price level of $1.85 trading at $0.02 or 1.09% at ring of the bell on the day assigns it a market valuation of $370.25 Million. That closing price of UEC’s stock is at a discount of -9.19% from its 52-week high price of $2.02 and is indicating a premium of 81.08% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.42 Million shares which gives us an average trading volume of 2.13 Million if we extend that period to 3-months.

For Uranium Energy Corp. (UEC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 5 analysts covering the […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESAzarga Uranium CORP. is pleased to announce that it has closed its previously announced over-subscribed bought deal prospectus offering of units of the Company . Haywood Securities Inc. and Eight Capital acted as co-lead …

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Azarga Uranium CORP. ( TSX:AZZ )(OTCQB:AZZUF)(FRA:P8AA) (“ Azarga Uranium ” or the “Company”) is pleased to announce that it has closed its previously announced over-subscribed bought deal prospectus offering of units of the Company (the “Offering”). Haywood Securities Inc. and Eight Capital (collectively, the “Underwriters”) acted as co-lead underwriters of the Offering. Pursuant to […]

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December 30, 2020 ( Source ) — Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE:A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) is pleased to announce that it will be closing a non-brokered private placement (the “ Offering “) of 1,000,000 working capital units (the “ WC Units “) at $0.40 per WC Unit for proceeds of $400,000 on December 31, 2020.

Each WC Unit is priced at $0.40 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant (“ WC Warran t”) entitles the holder to purchase one (1) common share (a “ WC Warrant Share “) at a price of $0.50 per Warrant Share until June 30, 2022.

Proceeds from the Offering are expected to be used for working capital.

All securities to be issued under the Offering will be subject to a statutory four month and one day hold period, […]

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Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy for low-carbon electricity generation as well as for other uses such as industrial heat applications and hydrogen production. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium production and exploration could affect available supplies. Timely investment in innovative mining and processing techniques would help assure that uranium resources are brought to market when they are needed.

These are among the main findings of the latest edition of Uranium – Resources, Production and Demand , also known as the "Red Book", an essential global reference prepared jointly on a biennial basis by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA).

The 2020 edition of the Red Book presents the most recent review of uranium market fundamentals, based in large part on official government information, and offers a […]

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"The US uranium mining industry has the personnel and yellowcake processing plants on standby, and is ready to expand into new areas with discoveries that will provide hundreds of years of available uranium resources from a variety of secure sources," says Michael D. Campbell, chairman of the Uranium (Nuclear & REE) Committee of the Energy Minerals Division of the American Association of Petroleum Geologists (AAPG). "So let the drilling and processing begin." In the Uranium Committee’s latest report for the AAPG, Campbell notes that, over the past 40 years, uranium typically has been imported to the USA from Russia, China, Uzbekistan, Kazakhstan, Niger, Namibia, among other countries, but adds that efforts are currently under way to produce more of the fuel locally for utilities from "more secure sources", such as in the USA and, if necessary, from Canada and Australia. In his report – Beyond Hydrocarbons? The Rest of […]

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VANCOUVER, BC, Dec. 30, 2020 /CNW/ – International Consolidated Uranium Inc. (" CUR " or the " Company ") (TSXV: CUR) is pleased to announce that, further to its press releases from December 15, 2020, the Company has closed a non-brokered private placement financing of units of the Company (the " Units ") at a price of C$0.80 per Unit, for gross proceeds of C$5,500,000 (the " Offering "). Red Cloud Securities Inc. (" Red Cloud ") acted as a finder in connection with the Offering. International Consolidated Uranium Inc. logo (CNW Group/International Consolidated Uranium Inc.) Each Unit is comprised of one common share (" Common Share ") of the Company and one-half of one whole common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one Common Share for a period of three years from the closing of the […]

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Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Eight Capital and Canaccord Genuity Corp (collectively, the " Underwriters ").

Each FT Unit consisted of one common share of the Company to be issued as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the " Income Tax Act ") and one half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a " Warrant Share ") at a price of C$0.50 at any time on or before 5:00 pm on December 21, 2022. The Warrant Shares issued on exercise of the Warrants will not be "flow-through shares" for the purposes of the Income Tax Act.

The Underwriters received a cash commission of 6.0% of the gross proceeds of the […]

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While the uranium spot price continues in a narrow trading band, Cameco places its North Saskatchewan operations on care and maintenance

-Cameco suspends Cigar Lake operations
-Positive UK government nuclear initiatives
-Uranium spot price remains range-bound

Cameco, the world’s second largest uranium producer, suspended operations at its Cigar Lake Mine on December 14. This was after finding six positive covid cases in its North Saskatchewan operations.In an official statement, the company noted a "significant negative trend" in Saskatchewan case numbers, which has contributed to uncertainty over the mine’s operations. That uncertainty was attributed in part to a lack of access to qualified staff, due to a shrinking number of available workers resulting from self-isolation, absenteeism and pandemic-related disruptions to transportation.The company stated “Our deliveries to date have not been materially impacted by covid-19, nor do we expect there will be a material impact on our remaining 2020 deliveries.”Cameco CEO […]

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