Category: Uranium

Source: Streetwise Reports 03/18/2021

A Canaccord Genuity report notes that Uranium Energy Corp. is “well funded to advance development and eventual
construction in South Texas” and increases its target price on the company.

In a March 16 research note, analyst Katie Lachapelle reported that Canaccord Genuity increased its target price on Uranium Energy Corp. (UEC:NYSE AMERICAN) following its release of Q2/21 results and its announced commitment to building a uranium inventory.
Canaccord Genuity’s new target price on Uranium Energy is $3.50 per share, up from its previous $2.15 per share target. Currently, the stock is trading at about $2.90 per share. Get our Weekly Commitment of Traders Reports: – See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis. Get Our Free Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you […]

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Energy Fuels is the largest US miner of the uranium. It produces the uranium both in form of triuranium octoxide and uranium hexafluoride. Besides the core business, the secondary products of Energy Fuels are rare earth elements and vanadium. Founded in 2006, the company has its headquarters in Lakewood, Colorado. One can trade it under the ticker $UUUU at the New York Stock Exchange. Investors in shares of the mining company are participating, therefore, in the company success story on the one hand and in the price development of the uranium commodity on the other.

Currently, we see the ongoing price appreciation within the energy commodities like oil, gas, coal and others. Consequently, uranium is expected to turn higher after 13 years of weak prices as well. Besides the market correlation in the energy group, the pattern of $UUUU on its own demonstrates an impulsive bullish behavior. Therefore, investors in […]

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Uranium Energy logo BlackRock Inc. raised its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 9.8% in the 4th quarter, Holdings Channel reports. The fund owned 13,359,092 shares of the basic materials company’s stock after acquiring an additional 1,188,677 shares during the quarter. BlackRock Inc. owned 0.07% of Uranium Energy worth $23,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in UEC. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Uranium Energy in the 3rd quarter valued at $30,000. BNP Paribas Arbitrage SA grew its position in Uranium Energy by 398.1% during the third quarter. BNP Paribas Arbitrage SA now owns 45,835 shares of the basic materials company’s stock worth $46,000 after buying an additional 36,633 shares during the period. Transcend Wealth Collective LLC purchased a new stake in […]

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Summary

The company owns several uranium projects and processing facilities in the U.S., including the White Mesa mill in the state of Utah.

However, the uranium mining sector in the country has been slowly dying and there are much better projects in Canada, Kazakhstan, and Africa.

Energy Fuels is bleeding money and I think its assets are close to worthless. The main risk for the bear thesis is a disconnect between uranium prices and the share prices of uranium miners, that emerged a few months ago. Photo by RHJ/iStock via Getty Images You just heard The Prayer for the Dead, my fellow stockholders, and you didn’t say, "Amen." This company is dead. I didn’t kill it. Don’t blame me. It was dead when I got here. It’s too late for prayers. For even if the prayers were answered, and a miracle occurred, and the yen did this, and the […]

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Fitch Ratings – Warsaw – 19 Mar 2021: Fitch Ratings affirmed Kazakhstan-based JSC National Atomic Company Kazatomprom’s (Kazatomprom) Long-Term Issuer Default Rating (IDR) at ‘BBB-‘ with Stable Outlook.

The rating affirmation reflects Kazatomprom’s continuing strong financial profile, benefiting from higher uranium spot prices and demand. Kazatomprom maintains its strong global market position, as well as its first quartile low-cost production position in the global cost curve and continues to see fairly stable demand from the utilities sector. However, its ratings are constrained by limited diversification and integration, small scale based on revenue size, exposure to uranium-price volatility and potential for substantial dividend payments.

Fitch rates Kazatomprom based on its Standalone Credit Profile (SCP) of ‘bbb-‘, as the agency views its links with its ultimate shareholder, Kazakhstan (BBB/Stable), as limited under Fitch’s Government-Related Entities Rating Criteria. KEY RATING DRIVERS

Low Financial Leverage: Fitch expects the company to maintain a conservative financial profile, […]

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InvestorPlace – Stock Market News, Stock Advice & Trading Tips

If you’re in the market for a pure uranium play that won’t cost you an arm and a leg, check out Canadian exploration and development company Denison Mines (NYSEAMERICAN: DNN ). It appears that DNN stock has been in breakout mode over the past several months and could be headed higher. Source: Shutterstock Denison focuses on what’s known as the Athabasca Basin, a region in northern Saskatchewan and Alberta. It supplies “ about 20% of the world’s uranium.”

The company is aggressively advancing its operations in this region. Moreover, uranium sector investors should appreciate Denison’s vast project portfolio, which covers some 280,000 hectares.

What makes Denison Mines relatively low-risk in the uranium-mining space? Investors have a right to know, so we’ll definitely explore that topic. First, though, we should look at the recent price action of the stock. DNN Stock at […]

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Uranium exploration company Thor Mining has pinpointed several new promising targets for drilling at its Wedding Bell and Radium Mountain project in the US. The targets – Section 23, Groundhog, and Rim Rock – were detected after Thor Mining (ASX:THR) carried out field sampling that returned assay results for high-grade uranium of up to 1.25 per cent, and for vanadium of up to 3.47 per cent.

“With uranium prices at current levels, we are pleased to be in a position to commence drilling at our Colorado uranium-vanadium project once permitting is complete,” executive chairman, Mick Billing, said.

Uranium is trading at $US30 per pound and is up 25 per cent from its market low of $US24 per pound a year ago.

Drilling at the target sites is expected to begin in May once official permits are issued.The three exploration targets identified for drilling are within a historic high-grade uranium-vanadium mining district in […]

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If you’re in the market for a pure uranium play that won’t cost you an arm and a leg, check out Canadian exploration and development company Denison Mines (NYSEAMERICAN: DNN ). It appears that DNN stock has been in breakout mode over the past several months and could be headed higher. Denison focuses on what’s known as the Athabasca Basin, a region in northern Saskatchewan and Alberta. It supplies “ about 20% of the world’s uranium.”

The company is aggressively advancing its operations in this region. Moreover, uranium sector investors should appreciate Denison’s vast project portfolio, which covers some 280,000 hectares.

What makes Denison Mines relatively low-risk in the uranium-mining space? Investors have a right to know, so we’ll definitely explore that topic. First, though, we should look at the recent price action of the stock. DNN Stock at a Glance

If you want to see a textbook example of what […]

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Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds U3O8 (962 tU) through the spot market as a long-term investment, while Uranium Energy Corp (UEC) has entered into agreements to purchase 400,000 pounds. UK-based Yellow Cake plc has also announced further purchase plans under its agreement with Kazatomprom. (Image: Kazatomprom)

Toronto-based Denison said yesterday it had entered into a strategic financing agreement with Cantor Fitzgerald Canada Corporation to raise about USD$75 million, which will be used to fund the strategic purchase of uranium concentrates to be held by Denison as a long-term investment intended to support the potential future financing of the advancement and/or construction of its 90%-owned Wheeler River uranium project in Saskatchewan, Canada. The purchase is expected to strengthen the company’s balance sheet and enhance its ability to access future project financing.

The purchased uranium could […]

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Mar 17, 2021 (Investor Brand Network via COMTEX) — Uranium Energy (NYSE American: UEC) , a U.S.-based uranium mining and exploration company, has secured 800,000 pounds of additional U.S.-warehoused uranium; the shipment is comprised of a delivery in April consisting of 500,000 pounds and a second delivery scheduled for December consisting of 300,000 pounds; this uranium purchase follows a previously announced acquisition of 400,000 pounds. In total, UEC now has contracts to purchase 1,200,000 pounds of U3O8 at a volume-weighted average price of $28.94 per pound. In addition, the company has entered into definitive agreements with institutional investors to purchase 10,000,000 UEC common shares at $3.05 per share. The registered direct offering, which is planned for completion on or before March 19, 2021, should result in estimated gross proceeds of more than $30 million for the […]

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If you’re in the market for a pure uranium play that won’t cost you an arm and a leg, check out Canadian exploration and development company Denison Mines (NYSEAMERICAN: DNN ). It appears that DNN stock has been in breakout mode over the past several months and could be headed higher. Denison focuses on what’s known as the Athabasca Basin, a region in northern Saskatchewan and Alberta. It supplies “about 20% of the world’s uranium.”

The company is aggressively advancing its operations in this region. Moreover, uranium sector investors should appreciate Denison’s vast project portfolio, which covers some 280,000 hectares.

What makes Denison Mines relatively low-risk in the uranium-mining space? Investors have a right to know, so we’ll definitely explore that topic. First, though, we should look at the recent price action of the stock. DNN Stock at a Glance

If you want to see a textbook example of what a […]

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Lotus Resources estimates it needs about US$50 million (A$64.3 million) to get the mothballed Kayelekera mine back into production. The rule of thumb is that mining stocks soar when the underlying commodity sees a substantial price increase.

In recent months, the silver, tin and copper stocks have behaved that way.

Most ASX uranium stocks have seen price boosts in early 2021 — but the spot price of uranium has remained weak. The first week of March saw the spot reported at US$27.30 per pound (A$35.24/lb).

The difference in the uranium stocks’ case is that investors seem to be buying into the story that there is a shortage looming just over the horizon.There seems little doubt that a substantial crunch is coming up: more nuclear reactors are being built and planned, global mining output is largely in stall mode, China and India are racing to build more nuclear power stations, while the US […]

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Global Atomic Corporation is pleased to report on the successful completion of a Pilot Plant Program demonstrating the viability of the uranium recovery process detailed in the May 2020 Preliminary Economic Assessment for the Dasa Project located in the Republic of Niger West Africa . The Pilot Plant was erected in August 2020 within the Process Research Ortech facility in Canada and ran in a steady-state fashion …

Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12) is pleased to report on the successful completion of a Pilot Plant Program demonstrating the viability of the uranium recovery process detailed in the May 2020 Preliminary Economic Assessment (PEA) for the Dasa Project located in the Republic of Niger West Africa . Global Atomic Corporation (CNW Group/Global Atomic Corporation) The Pilot Plant was erected in August 2020 within the Process Research Ortech (PRO) facility in Canada and […]

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The camp at Denison Mines’ Wheeler River uranium project in northern Saskatchewan. Credit: Denison Mines. Denison Mines (TSX: DML; NYSE: DNN) is raising US$75 million for the “strategic acquisition” of physical uranium, an initiative the company expects to support the development of its 90%-owned Wheeler River uranium project in Saskatchewan’s Athabasca Basin.

Denison aims to accumulate about 2.5 million lb. of U3O8 as a long-term investment.

The company said it expects the purchase will strengthen its balance sheet and enhance its ability to access project financing, potentially by using the holdings as collateral.

The uranium could also give Denison increased flexibility to negotiate long-term supply arrangements with future customers along with production from Wheeler River, if the in-situ recovery project is developed.“The physical uranium holdings that we expect to acquire will represent a sizeable portion of Denison’s share (2018 prefeasibility study) of the expected $290 million of initial capital costs for Wheeler […]

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NYSE American Symbol – UEC

CORPUS CHRISTI, Texas, March 17, 2021 /PRNewswire/ – Uranium Energy Corp (NYSE American: UEC, the "Company" or "UEC") is pleased to report that it has secured 800,000 pounds of additional U.S. warehoused uranium, consisting of 500,000 pounds for April delivery and 300,000 pounds for December delivery.

Including the previously announced acquisition of 400,000 pounds, UEC has now entered into contracts to purchase a total of 1,200,000 pounds of U3O8 at a volume weighted average price of $28.94 per pound.

The Company is also pleased to announce that it has entered into definitive agreements with institutional investors to purchase an aggregate of 10,000,000 common shares of the Company (each, a "Share") at a purchase price of $3.05 per Share and for gross proceeds of approximately $30,500,000 in a registered direct offering (the "Offering"). The closing of the Offering is expected to occur on or about March 19, […]

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→ Tech Unicorn In Waiting (Ad) Uranium Energy logo Uranium Energy Corp. (NYSEAMERICAN:UEC) saw some unusual options trading activity on Tuesday. Investors bought 32,038 call options on the company. This represents an increase of 820% compared to the typical daily volume of 3,482 call options.

A number of analysts recently weighed in on UEC shares. Canaccord Genuity upped their target price on shares of Uranium Energy from $2.00 to $2.15 and gave the stock a “buy” rating in a report on Wednesday, January 27th. HC Wainwright upped their target price on shares of Uranium Energy from $3.30 to $3.60 and gave the stock a “buy” rating in a report on Tuesday, January 26th. Finally, Zacks Investment Research lowered shares of Uranium Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 10th.

UEC stock opened at $3.23 on Wednesday. The company has a debt-to-equity ratio […]

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Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds U3O8 (962 tU) through the spot market as a long-term investment, while Uranium Energy Corp (UEC) has entered into agreements to purchase 400,000 pounds. UK-based Yellow Cake plc has also announced further purchase plans under its agreement with Kazatomprom. (Image: Kazatomprom)

Toronto-based Denison said yesterday it had entered into a strategic financing agreement with Cantor Fitzgerald Canada Corporation to raise about USD$75 million, which will be used to fund the strategic purchase of uranium concentrates to be held by Denison as a long-term investment intended to support the potential future financing of the advancement and/or construction of its 90%-owned Wheeler River uranium project in Saskatchewan, Canada. The purchase is expected to strengthen the company’s balance sheet and enhance its ability to access future project financing.

The purchased uranium could […]

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Global Atomic Corporation (” Global Atomic ” or the ” Company “) (TSX: GLO) (FRANKFURT: G12) (OTCQX: GLATF) is pleased to announce that it has closed its previously announced “Bought Deal” private placement, including full exercise of the over-allotment option, for gross proceeds of C$12,500,000 (the ” Offering “). Under the Offering, the Company sold 6,250,000 units of the Company (the ” Units “) at a price of C$2.00 per Unit (the ” Offering Price “). The Units were sold through a syndicate of underwriters led by Red Cloud Securities Inc. and included Cormark Securities Inc. (the ” Underwriters “). Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation) Each Unit is comprised of one common share in the capital of the Company (each a ” Common Share “) and one half of one […]

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NexGen Energy Ltd. is pleased to announce that the Underwriters have exercised their over-allotment option in full, to purchase an additional 5,010,000 common shares in the capital of the Company at a price of $4.50 per Common Share, in connection with the Company’s recently completed underwritten public offering of 33,400,000 Common Shares, which closed on March 11, 2021 . Upon closing of the Over-Allotment …

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) is pleased to announce that the Underwriters (as defined below) have exercised their over-allotment option (the “Over-Allotment Option”), in full, to purchase an additional 5,010,000 common shares in the capital of the Company (the “Common Shares”) at a price of $4.50 per Common Share, in connection with the Company’s recently completed underwritten public offering of 33,400,000 Common Shares, which closed on March 11, 2021 (the “Offering”). Upon closing of the Over-Allotment Option, the Company […]

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Mar 16, 2021 (Investor Brand Network via COMTEX) — Uranium Energy (NYSE American: UEC) , a Corpus Christi, Texas-based uranium mining and exploration company, today announced, in accordance with NYSE American requirements, the filing of its quarterly report on Form 10-Q for the six months ended January 31, 2021 with the U.S. Securities and Exchange Commission (the "SEC"). The Form 10-Q filing, which includes UEC’s condensed consolidated financial statements, related notes and management’s discussion and analysis, is available for viewing on the SEC’s website or the company’s website . "With $65.8 million in cash and equity holdings, UEC has the balance sheet strength to lead U.S. uranium production higher at the most critical time for the domestic industry since the inception of the civilian nuclear power program began in the 1950s. Nuclear power is the second […]

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