Category: Uranium

LAKEWOOD, Colo., April 23, 2021 /PRNewswire/ – Energy Fuels Inc. (NYSE: UUUU ) (TSX: EFR) ("Energy Fuels" or the "Company") is pleased to announce that the U.S. Department of Energy (" DOE ") Office of Fossil Energy and National Energy Technology Laboratory has exercised their option to award Energy Fuels, working with a team from Penn State University, an additional $1.75 million to complete a feasibility study (" Feasibility Study ") on the production of rare earth element (" REE ") products from natural coal-based resources, as well as from other materials such as REE-containing ores like the natural monazite ore (" Monazite ") the Company is currently processing at its White Mesa Mill in Utah.

This award follows the DOE providing Energy Fuels a $150,000 contract in 2020 for the successful completion of a conceptual design for the same initiative, resulting in a total award to Energy Fuels of […]

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April 23, 2021 (Investorideas.com Newswire) Uranium Energy’s recent financing as well as its work at the Burke Hollow project are covered in an H.C. Wainwright & Co. report. In an April 15 research note, H.C. Wainwright & Co. analyst Heiko Ihle provided an update on Uranium Energy Corp.’s (UEC:NYSE AMERICAN) Burke Hollow project and the company’s recent offering.

As for its Burke Hollow in situ uranium asset in Texas, the company has been working since April 9 to delineate the resource there, Ihle noted. Using two rigs, Uranium Energy completed 40 holes, the goal being to better understand the five Goliad Formation trends in production area PAA-1.

Of that set of holes, highlight hole 283.0-319 encountered an average uranium grade of 0.163% and a 4.483 grade thickness.

The energy company also placed 45 exterior monitoring wells there, adding to the existing 75, "to account for trend extensions," Ihle wrote.Ihle relayed that Uranium […]

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TICKERS: UEC

Uranium Energy’s recent financing as well as its work at the Burke Hollow project are covered in an H.C. Wainwright & Co. report. In an April 15 research note, H.C. Wainwright & Co. analyst Heiko Ihle provided an update on Uranium Energy Corp.’s (UEC:NYSE AMERICAN) Burke Hollow project and the company’s recent offering.

As for its Burke Hollow in situ uranium asset in Texas, the company has been working since April 9 to delineate the resource there, Ihle noted. Using two rigs, Uranium Energy completed 40 holes, the goal being to better understand the five Goliad Formation trends in production area PAA-1.

Of that set of holes, highlight hole 283.0-319 encountered an average uranium grade of 0.163% and a 4.483 grade thickness.The energy company also placed 45 exterior monitoring wells there, adding to the existing 75, "to account for trend extensions," Ihle wrote.Ihle relayed that Uranium Energy’s recent financing closed, […]

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Photo by Liens/iStock via Getty Images Investment Thesis

Cameco ( CCJ ) is the world’s second largest uranium producer and the largest one listed in North America. It will consequently be very dependent on investment flows in the uranium industry.

The company has a solid balance sheet, a decent number of longer-term contracts, and low-cost assets. While the company has a unique position in the uranium industry and will benefit from a turnaround in the uranium market, the stock has already started to partly price in that turnaround. Assets

Cameco has three key assets. Cigar Lake is the primary operating assets which is located in Canada but has been suspended due to Covid-19 more recently. The company did a few weeks ago announce that it will be restarted, but it remains to be seen how quickly it can achieve full production. At that time, Cameco’s share of production is 9Mlbs […]

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Ownership Stake Includes the Wheeler River and Millennium Development Projects

Saskatoon, Saskatchewan – TheNewswire – April 22, 2021 – UEX Corporation (TSX:UEX), (OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce that the Company has signed a definitive purchase agreement with Overseas Uranium Resources Development Co., Ltd. (“OURD”) to acquire 100% ownership of OURD’s wholly-owned subsidiary, JCU (Canada) Exploration Company, Limited (“JCU”).

JCU has a long history in the Canadian uranium exploration and development sector dating back to 2000, when it acquired a portfolio of Canadian uranium exploration and development assets from PNC Exploration (Canada) Co., Ltd. (“PNC Canada”), a wholly-owned subsidiary of Power Reactor and Nuclear Fuel Development Corporation (“PNC”). JCU’s key exploration projects cover an area of 139,346 ha and include a 10% ownership position in the Wheeler River Project (Denison Mines Corp. 90%), a 30.099% ownership stake in Cameco Corporation’s (“Cameco”) Millennium Project (Cameco 69.901%), a 33.8123% ownership […]

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By 2030, there will not be enough uranium production to meet demand, even if every single idled mine and planned project goes into production .

That’s the base case (most expected) scenario. The Nuclear Fuel Report 2019, World Nuclear Association. Let that sink in for a minute.

Now look at the upper case scenario, in which uranium requirements are expected to be about 103,500 tonnes in 2030, and 137,600 tonnes in 2040: The Nuclear Fuel Report 2019, World Nuclear Association. Hectic.You don’t need to be a clairvoyant to see what’s coming.We need new uranium supply, FAST. But when are uranium contract prices going to rise enough to justify new mines?That’s the million dollar question.Two new research notes from BMO Capital Markets and Morgan Stanley now say today’s spot price – about ~$US30/lb – is just the start of a rally in prices over the next few years to the ~$US50 […]

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Summary

Uranium stocks have risen tremendously over the past year as production shortages have fueled speculation of a long-term rally in uranium prices.

As Cameco reopens its primary mine, uranium prices have slid and may trigger a reversal among more speculative uranium mining stocks.

Denison Mines may see a sharp decline as it appears its current valuation may be a bit too high considering uncertainties regarding its development timelines and targets. If Denison meets targets without significant equity dilutions, the stock may be undervalued, but last year’s slowdown indicated the key Wheeler River project may take longer or be more expensive than anticipated. It is also possible that the "Great Uranium Shortage" thesis may prove a self-defeating prophecy as many miners are aggressively developing to meet the anticipated shortage. Photo by JohnCarnemolla/iStock via Getty Images Like most commodities, the energy market has heated up over the past year. Virtually […]

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SKYHARBOUR RESOURCES LTD Chart 1 Jahr VANCOUVER, British Columbia, April 20, 2021))) (the "Company") is pleased to announce that partner company Valor Resources Limited ("Valor") entered into a contract with Precision GeoSurveys Inc. through TerraLogic Exploration Inc. ("TerraLogic"), the Company’s geological consultants, to undertake a detailed airborne survey over the Hook Lake Project (previously North Falcon Point). The survey commenced in early April 2021 and is now complete.

TerraLogic designed the low-level airborne magnetic and VLF-EM survey to cover the entire Hook Lake claim area, using a fixed-wing aircraft, at 75m line-spacing totaling 5,100 line-km. Final data processing, data interpretation, target selection and recommendations for follow-up ground-based exploration and drilling programs will also be handled by TerraLogic. This process is expected to take approximately six weeks, followed immediately by the recommended fieldwork in the summer and fall 2021. Application for the required regulatory permits for the ground-based work is in […]

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www.123rf.com For some time the uranium market was in a lull. However, in recent times this has changed with a bullish market predicted for 2021. What does mean for African uranium producers. Will we see them finally bring their assets into production on the back of the resurgence in this commodity?

These were some of the key talking points of a recent Mining Review Africa webinar titled Uranium: A resurgence on the cards? The topic was discussed by a panel of experts comprising Daniel Major , CEO: GoviEx Uranium; Brandon Munro , CEO Bannerman Resources; and Dr Kelvin Kemm , CEO: Stratek.

THIS ARTICLE FIRST APPEARED IN MINING REVIEW AFRICA ISSUE 2, 2021
READ THE FULL DIGIMAG HERE OR SUBSCRIBE TO RECEIVE A PRINT COPY HERE
Kicking off the conversation Major said that Africa is focussed on strongly focused on developing nuclear energy, pointing out that there are […]

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NEW YORK, April 20, 2021 /PRNewswire/ — The world is hearing a growing chorus of urgency to change the curve of carbon emissions. Calling it a "climate emergency," " Scientific American" recently said, "the adverse effects of climate change are much more severe than expected. . . . Every effort must be made to reduce emissions and increase removal of atmospheric carbon." It will take a concerted global effort to turn the tide, and nuclear energy is an integral part of the solution. Nuclear energy has been safely and quietly powering America with clean, carbon-free electricity for more than 60 years. The most reliable energy source in the country, nuclear power provides electricity to about one in five American homes and delivers more than half of the nation’s carbon-free electricity. Clean, safe and carbon free, nuclear power has all the attributes needed to help bend the curve on carbon […]

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As the uranium price slides for a second week, the World Nuclear Association weighs the relevance of ESG principles to investment in the sector.

-Perspectives on ESG for the nuclear fuel cycle
-Potential nuclear energy roadmap for South Australia
-The weekly spot uranium price falls -2.6%

The nuclear power industry and its supply chain is said to already conform with the environment, social and governance (ESG) principles being discussed by investors.However, speakers at the World Nuclear Fuel Cycle virtual conference on April 14 agreed industry needed to be more vocal in getting this message across. A panel discussion dedicated to the application of ESG to the nuclear fuel cycle delivered perspectives from the industry’s key thought-leaders.Riaz Rizvi, former Chief Commercial Officer of Kazatomprom, moderated the panel which brought together an array of industry experts from the uranium sector.Partner at Segra Capital Management, Arthur Hyde, noted that for most […]

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Fission Uranium Corp.

I am convinced the nuclear industry will thrive in the next decade. All those electric vehicles are going to need a lot of electricity and, frankly, wind and solar are not going to cut it. Which leaves nuclear energy – big or small, nuclear reactors are the only “green” source of electrical generation which can possibly meet surging demand.

Reactors require fuel which, for the foreseeable future, means uranium. The good news is that the Athabasca Basin in Saskatchewan is full of the stuff. The investment challenge I set myself was to find a company with a real property, real prospects and a deposit which was near surface. There are several juniors which fit the bill but Fission Uranium Corp. (TSX: FCU | OTCQX: FCUUF) has completed a pre-feasibility study of its Triple R deposit.

This is a uranium deposit where the high grade material starts just 50 […]

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VANCOUVER, BC, April 13, 2021 /CNW/ – Uranium Royalty Corp. (TSXV: URC ) (" URC " or the " Company ") today announced it will be featured as a presenting company at the H.C. Wainwright Spring Mining Conference. The conference is being held on April 19-20, 2021 virtually.

Scott Melbye, President and CEO of Uranium Royalty Corp., will provide an overview of the Company’s business during the live presentation and will be available to participate in one-on-one meetings with investors who are registered to join the conference.

If you are an institutional investor, and would like to listen to the Company’s presentation, please click on the following link ( www.hcwevents.com/mining ) to register for the conference.

You may also listen to the company presentation online at: https://bit.ly/3uBBXKl , starting on Monday, April 19 th , 2021 at 12:30 PM ET and archived for 90 days.Event: H.C. Wainwright Spring Mining Conference (Virtual Conference) […]

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As the uranium price rise of recent weeks takes a breather, Cameco plans to restart production at the Cigar Lake mine

-Cameco’s Cigar Lake mine to restart
-Recent research on ASX-listed uranium companies
-The weekly Spot uranium price falls -2.7%

In a move that surprised some commentators given the pandemic caseload in northern Canada, Cameco has announced it plans to restart production at the Cigar Lake uranium mine in April. In some quarters it’s felt recent tightening in the spot market and the potential for further covid supply disruption may have played a part in the decision.The Cigar Lake mine is the world’s largest operating uranium mine, producing around 18mlbs per year representing circa 13% of global supply. Production was previously suspended in December 2020, for the second time that year, due to increased risks related to covid. Earlier, Cameco had constrained production simply due to too-low uranium prices, […]

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GoviEx Uranium Inc. is pleased to announce that it has signed drilling contracts with ESAFOR and FORACO to undertake drilling programs related to a Feasibility Study for the Company’s Madaouela Uranium Project in Niger.”Following the positive results of the updated pre-feasibility study announced February 18, 2021, and based on our view that the uranium market fundamentals are demonstrating continued improvement, we …

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx or the Company”) is pleased to announce that it has signed drilling contracts with ESAFOR and FORACO to undertake drilling programs related to a Feasibility Study for the Company’s Madaouela Uranium Project (the “Project”) in Niger.

“Following the positive results of the updated pre-feasibility study (“ Updated PFS “) (1) announced February 18, 2021, and based on our view that the uranium market fundamentals are demonstrating continued improvement, we have decided to move straight on to the completion of the Feasibility […]

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Vancouver, British Columbia–(Newsfile Corp. – April 13, 2021) – GoviEx Uranium Inc. ( TSXV: GXU) (OTCQB: GVXXF ) ("GoviEx or the Company ") is pleased to announce that it has signed drilling contracts with ESAFOR and FORACO to undertake drilling programs related to a Feasibility Study for the Company’s Madaouela Uranium Project (the " Project ") in Niger.

"Following the positive results of the updated pre-feasibility study (" Updated PFS ") (1) announced February 18, 2021, and based on our view that the uranium market fundamentals are demonstrating continued improvement, we have decided to move straight on to the completion of the Feasibility Study required to secure project financing. A key benefit from the Updated PFS was the simplification and optimisation of the Project – which has also simplified the scope of the remaining test work expected to be completed in support of a Feasibility Study. As a result, […]

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Uranium explorer 92 Energy (ASX:92E) is among several companies lined up to list on the ASX this or next week after bioenergy company Delorean joined the bourse yesterday . There are four IPOs timed for this week, including Delorean (ASX: DEL) . The others are Island Pharmaceuticals (ASX:ILA), 92 Energy and Iceni Gold (ASX:ICL). 92 Energy raising $5m

Formed last year, 92 Energy acquired eight mineral claims for uranium in Canada’s Athabasca Basin from Toronto-listed Iso Energy to which it added four of its own tenements.

The tenements are arranged into three projects, Clover, Gemini and Tower, in the Canadian province of Saskatchewan and home to several high profile uranium projects.

ASX stockspert Bhavdip Sanghavi ( @Bhavdip143 on Twitter) told Stockhead he believes the current valuation of 92 Energy is “cheap”.“92 Energy is a uranium explorer in Canada and its Tower project is only 10km from the world’s largest low-cost, highest […]

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TORONTO, April 7, 2021 /CNW/ – Purepoint Uranium Group Inc. (TSXV: PTU) (" Purepoint " or the " Company ") announced the closing of its brokered private placement (the " Private Placement ") previously announced on March 17, 2021 with Red Cloud Securities Inc. (" Red Cloud ") pursuant to which Red Cloud acted as lead agent and sole bookrunner. In connection with the closing, the Company issued 20,404,095 flow-through units (" FT Units ") at a price of $0.105 per unit and 31,750,778 hard-dollar units ( "Units" together with the FT Units are hereinafter referred to as the " Offered Securities ") at a price of $0.09 per unit for aggregate gross proceeds of $5,000,000. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (each, a " Warrant "). Each FT Unit consists of one common share in […]

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