Category: Uranium

TSX-V-listed GoviEx Uranium reports that, with nuclear energy having shown resilience in 2020, the spot uranium price has been in a “gentle uptrend” for the last four years after having reached its cyclical low of $18/lb of U 3 O 8 in December 2016.

The company notes that despite 2020 having been strongly dominated by the Covid-19 pandemic, the company nonetheless adapted to this challenging environment and made progress by improving its financial position, advancing its pipeline of uranium mine development plans, specifically in Niger, and beginning the assessment of “compelling” gold prospects in Mali. In addition, GoviEx says the positive momentum of its activities in 2020 has continued into this year.

During 2020, the spot uranium price rose from $25/lb at the start of the year to $30/lb at the end – a 20% increase. GoviEx states that the increase in prices is being supported by progressively stronger demand for […]

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Appia Energy Corp. ‘s (CSE: API | OTCQB: APAAF) (‘Appia’) stock price has been on a tremendous run the past year, up 364%, as shown below. Today I take a look at why the stock has done so well, and what’s next for Appia Energy, potentially soon to be renamed Appia Rare Earths & Uranium Corp. (retaining the same stock tickers).

Appia Energy Corp. 1 year stock price performance Source

The reasons why Appia has had a great past year are multiple but would include:

> Rising prices for rare earths, and to a lesser degree uranium. Greater recognition by investors on Appia’s potential. Successful exploration by Appia on their Alces Lake project and progress towards next stage development. Regarding higher rare earth prices, on March 3, 2021 Appia stated :“In the oxide form, the Shanghai Metals Market quoted February 28 prices per kg in US$ are: Nd $105, […]

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Summary

Being the sole supplier of nuclear fuel puts Centrus in a unique position.

Centrus will benefit from lower raw material costs.

Cash flow should be positive throughout the year. About: Centrus Energy ( LEU ) is an American company that supplies nuclear fuel for use in nuclear plants. It provides LEU’s and plans to provide High Essay Low Enriched Uranium (HALEU), to nuclear power plants due to deals with the Department of Energy, with whom it has contracts. It is currently the sole supplier of nuclear fuel in the U.S. It also provides a range of technical and engineering capabilities, such as – turnkey engineering, design, and advanced manufacturing solutions for advanced reactors, aerospace, and chemical companies. Nuclear Energy Outlook: Nuclear Energy as of 2019 accounted for around 809 TWh, accounting for nearly 20% of U.S. electricity. It also compromised around 50% of all emission-free energy. The United […]

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Vancouver, British Columbia–(Newsfile Corp. – March 10, 2021) – GoviEx Uranium Inc. ( TSXV: GXU ) ( OTCQB: GVXXF ) (" GoviEx " or " Company ") today provides a Letter to Stakeholders and Market Update from the Executive Chairman, Govind Friedland and the Chief Executive Officer, Daniel Major.

To Our Fellow Stakeholders,

When we reflect on 2020, it will likely be remembered as the year strongly dominated by the COVID pandemic. Yet despite 2020 being a year like no other, GoviEx was able to adapt to this challenging environment and made progress by improving our financial position, advancing our pipeline of uranium mine development plans, specifically in Niger, and beginning the assessment of our compelling gold prospects in Mali. The positive momentum of our activities in 2020 has continued into 2021.

Commodities Backdrop The spot uranium price has been in a gentle uptrend for past four years after […]

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A strategic uranium reserve has no place in Joe Biden’s Build Back Better agenda.

(Corey Robinson | Tribune file photo) Protesters from White Mesa, Utah, march against the White Mesa Mill, the last conventional uranium mill still operating in the U.S. on May 14, 2017.

In late December, as Congress debated how much to spend on COVID-19 relief for Americans struggling to make ends meet, something else was flying under the radar that has serious implications for Utah’s clean water and public health.

In the same package that funded $600 stimulus checks hid a sizable handout for the uranium industry that could pad the pockets of Energy Fuels Resources, the uranium company that has already made millions by welcoming low-level radioactive waste to its White Mesa uranium mill in southeastern Utah.Congress appropriated $75 million to start a “strategic uranium reserve.” This means using your taxpayer dollars to pay uranium companies above-market […]

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What happened

Shares of uranium company Denison Mines (NYSEMKT: DNN) soared a whopping 59.6% in the month of February, according to data provided by S&P Global Market Intelligence . That handily outran the Global X Uranium ETF ‘s (NYSEMKT: URA) 20.5% gain in the month, suggesting there was more to Denison’s rally than just industry-specific news. So what

Denison Mines, and several other uranium stocks , soared on the very first day of February after Bank of America speculated that global demand for uranium could be as much as 26 million pounds more if the U.S. postponed closure of its aging nuclear plants due 2021 to 2030. Nuclear reactors run on uranium fuel.

By the second week of February, Denison shares were rallying to dizzying heights backed by several developments. To start, on Feb. 8, Denison approved a $24 million budget for 2021 to resume the environmental assessment process at […]

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Summary

Bannerman’s share price has recently tripled, but this is not backed by fundamental value.

The Etango flagship project has a breakeven price of $46/pound, and this excludes project financing expenses.

Bannerman could be seen as a call option on a high double-digit uranium price, but in that scenario, you may as well buy any other uranium company out there. At the current valuation, Bannerman’s market capitalization may have gotten ahead of itself, and I’m not interested in a long position at this time. Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More » Introduction Bannerman Resources ( OTCQB:BNNLF ) has been working on its Namibian uranium portfolio for over a decade now, but as the uranium price hasn’t really been cooperating, the flagship Etango uranium project isn’t being built anytime soon. […]

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March 9, 2021 ( Source ) — Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) wishes to announce that expiry dates of the remaining 5,130,000 warrants exercisable at $0.30 issued pursuant to the private placements that closed on January 20, 2017 and January 30, 2017 (the “ 2017 Warrants “) (see press releases dated January 23, 2017 and January 27, 2017) have been accelerated to the earlier of January 20 and 30, 2022 to April 8, 2021 as a result of the fact that the Company’s common shares closed at a price of at least $0.60 for twenty (20) consecutive trading days as of March 8, 2021. The remaining 2017 Warrants will expire if they are not exercised by April 8, 2021.

The Company is fully funded and committed to completing the largest exploration and diamond drilling program to date during […]

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TSX Trading symbol: U

TORONTO, March 8, 2021 /CNW/ – Uranium Participation Corporation ("UPC") (TSX: U ) reports its estimated net asset value at February 28, 2021 was CAD$623.0 million or CAD$4.62 per share. As at February 28, 2021, UPC’s uranium investment portfolio consisted of the following: View PDF (CNW Group/Uranium Participation Corporation) On the last trading day of February 2021, the common shares of UPC closed on the TSX at a value of CAD$4.95, which represents a 7.14% premium to the net asset value of CAD$4.62 per share.

About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates ("U 3 O 8 ") and uranium hexafluoride ("UF 6 ") (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a […]

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The North Shore Global Uranium Mining ETF [URNM] could have plenty of fuel for growth in 2021 as countries go nuclear. The fund was up 24.6% year-to-date at $53.45 on 5. Furthermore, it hit an intraday high of $61.67 on 17 February.

The North Shore Global Uranium Mining ETF has kept up the positive momentum from 2020 when it soared 68.4%. Despite the number of nuclear reactor operating globally falling to a 30-year low in July last year, the fund had a strong performance.

According to the World Nuclear Industry Status Report, total operating nuclear capacity fell 2.2% year-over-year to 362 gigawatts by mid-2020. The slide was mainly because there were fewer nuclear reactors in operation, but COVID-19 production disruptions at uranium mines have also played a part.

The drop in supply has led to higher uranium prices and the spot price of the commodity climbed 20.5% in 2020, according to data […]

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

What happened

Shares of uranium company Denison Mines (NYSEMKT: DNN) soared a whopping 59.6% in the month of February, according to data provided by S&P Global Market Intelligence . That handily outran the Global X Uranium ETF ‘s (NYSEMKT: URA) 20.5% gain in the month, suggesting there was more to Denison’s rally than just industry-specific news. So what

Denison Mines, and several other uranium stocks , soared on the very first day of February after Bank of America speculated that global demand for uranium could be as much as 26 million pounds more if the U.S. postponed closure of its aging nuclear plants due 2021 to 2030. Nuclear reactors run on uranium fuel.

By the second week of February, Denison shares were rallying to dizzying heights backed by several developments. To start, on Feb. 8, Denison approved a $24 million budget for 2021 to resume the environmental assessment process at […]

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

In Part 1 of our 3-part series, we examined the history and overview of a company making waves in the global uranium sector and how sentiment has pivoted driven by changes in the market and government. Because of changing sentiment in the green efficacy of nuclear power (i.e. zero CO2 emissions), in 4 to 5 years, new sources of uranium will be needed en masse. This, despite some of the big producers stating that they will not restart production until prices are higher.

This is where smaller but more efficient companies like BC-based Fission Uranium Corp. (FCU) ( TSX.FCU , OTCMKTS: FCUUF , Forum ) are filling the void. And for investors – both retail, institutional, and private equity – the sky’s the limit for this renewable energy resource.

INVESTOR ALERT: Fission may possess one of the best inferred and indicated, highest-grade, and largest near-surface uranium deposits in the world. […]

Click here to view original web page at stockhouse.com

The North Shore Global Uranium Mining ETF [URNM] could have plenty of fuel for growth in 2021 as countries go nuclear. The fund was up 24.6% year-to-date at $53.45 on 5. Furthermore, it hit an intraday high of $61.67 on 17 February.

The North Shore Global Uranium Mining ETF has kept up the positive momentum from 2020 when it soared 68.4%. Despite the number of nuclear reactor operating globally falling to a 30-year low in July last year, the fund had a strong performance.

According to the World Nuclear Industry Status Report, total operating nuclear capacity fell 2.2% year-over-year to 362 gigawatts by mid-2020. The slide was mainly because there were fewer nuclear reactors in operation, but COVID-19 production disruptions at uranium mines have also played a part.

The drop in supply has led to higher uranium prices and the spot price of the commodity climbed 20.5% in 2020, according to data […]

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

Hole grades 2.08% Co and 3.58% Ni over 4.5 metres within broader interval UEX Corporation is pleased to announce that a new zone of cobalt-nickel mineralization was intersected at Michael Lake with the fourth hole of its 2021 winter uranium-cobalt exploration drill program on the West Bear Property . Drill hole MIC-004 intersected mineralization that grades 0.52% Co and 1.01% Ni over 23.5 m from 44.0 to 67.5 m …

(TheNewswire) Hole grades 2.08% Co and 3.58% Ni over 4.5 metres within broader interval

UEX Corporation (TSX:UEX ) ( OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce that a new zone of cobalt-nickel mineralization was intersected at Michael Lake with the fourth hole of its 2021 winter uranium-cobalt exploration drill program on the West Bear Property (see Figure 1) . Drill hole MIC-004 intersected mineralization that grades 0.52% Co and 1.01% Ni over 23.5 m from 44.0 to 67.5 […]

Click here to view original web page at investingnews.com

Uranium producer Cameco Corporation (NYSE: CCJ) stock has been breaking out through multi-year highs on the renewed interest in clean energy spurring uranium demand. Uranium is used to fuel nuclear power plants that provide 20% of the electricity and up to 55% of all clean energy in the U.S. The U.S. uranium reserves plan coupled with the Biden administration’s clean energy agenda has changed the sentiment for nuclear energy. Nuclear is clean but not renewable like solar or wind , thus require a continued source of uranium . Unlike junior and developmental companies like Energy Fuels (NASDAQ: UUUU) and Dennison Mines (NYSE: DNN) , Cameco is already processing and selling uranium, making them the real deal for investors looking for exposure in this industry. Cameco has 43 projects in the works and will implement those that enable them to capture demand and provide leverage for higher prices in 2021. […]

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(Bloomberg) — Rare earth miners and uranium producers are reaping rewards from the flood of money pouring into electrification and ESG investing themes. Lithium producers have been more traditional beneficiaries of EV and the green energy push. But more recently, rare earth producers have also started to garner investors attention amid enthusiasm about electric vehicles.

Shares of MP Materials Corp., the largest U.S. based miner of rare earths, is up more than fourfold since Biden won the election four months ago, compared with an 86% gain in VanEck Vectors Rare Earth/Strategic Metals ETF.

Shares in the company, which went public via a SPAC deal in July, rose for a third day and were up 0.7% to $49.8 on Wednesday. Morgan Stanley initiated research on the stock on Tuesday, with a price target of $57.

MP is “a play on accelerating adoption of electric vehicles and electrification trends in wind turbines,” Morgan Stanley […]

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(Bloomberg) — Rare earth miners and uranium producers are reaping rewards from the flood of money pouring into electrification and ESG investing themes. Lithium producers have been more traditional beneficiaries of EV and the green energy push. But more recently, rare earth producers have also started to garner investors attention amid enthusiasm about electric vehicles.

Shares of MP Materials Corp., the largest U.S. based miner of rare earths, is up more than fourfold since Biden won the election four months ago, compared with an 86% gain in VanEck Vectors Rare Earth/Strategic Metals ETF.

Shares in the company, which went public via a SPAC deal in July, rose for a third day and were up 0.7% to $49.8 on Wednesday. Morgan Stanley initiated research on the stock on Tuesday, with a price target of $57.

MP is “a play on accelerating adoption of electric vehicles and electrification trends in wind turbines,” Morgan Stanley […]

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

BC-Rare-Earth-Uranium-Miners-Benefit-From-EV-Mania-and-Dash-of-ESG , Aoyon Ashraf (Bloomberg) — Rare earth miners and uranium producers are reaping rewards from the flood of money pouring into electrification and ESG investing themes.

Lithium producers have been more traditional beneficiaries of EV and the green energy push. But more recently, rare earth producers have also started to garner investors attention amid enthusiasm about electric vehicles.

Shares of MP Materials Corp., the largest U.S. based miner of rare earths, is up more than fourfold since Biden won the election four months ago, compared with an 86% gain in VanEck Vectors Rare Earth/Strategic Metals ETF.

Shares in the company, which went public via a SPAC deal in July, rose for a third day and were up 0.7% to $49.8 on Wednesday. Morgan Stanley initiated research on the stock on Tuesday, with a price target of $57.MP is “a play on accelerating adoption of electric vehicles and electrification trends in wind […]

Click here to view original web page at www.bnnbloomberg.ca

There’s no arguing with the numbers. The past year (and then some) has seen the leading ASX uranium shares truly light up.

The Paladin Energy Ltd (ASX: PDN) share price, for example, is up 415% over the past 12 months. ASX uranium miner Deep Yellow Ltd (ASX: DYL) ’s share price is up 246% over that same time.

Things have continued apace in 2021, with Deep Yellow shares up 24% in the calendar year and Paladin shares up 54%.

That more than handily outpaces the one-year 7% gains posted by the broader All Ordinaries Index (ASX: XAO), not to mention the 0.4% loss on the All Ords so far in 2021.But the run higher for ASX uranium shares like these could only just be getting started. Why ASX uranium shares may have a bright future Australia may not opt to use uranium for its own power sources. Though Australia – both fortuitously […]

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The uranium exploration and development company Denison Mines Corp ( DNN ), which is known for its Wheeler River uranium project, rallied 55.1% over the past month to close yesterday’s trading session at $1.14. The unusually cold weather in the United States this winter is driving a huge demand for electricity. This is being met in-part by nuclear power plants that require uranium to generate electricity.

Nevertheless, DNN has declined 23.2% since hitting its 52-week high of $1.81 on February 17, 2021. This can be primarily attributed to the company’s weak financials. Also, DNN’s projects are still in their early stages. Its flagship project, the Wheeler River, is still in its evaluation and environmental assessment stage.

Here are the factors that we think could influence DNN’s performance in the near term:

Selling Shares to Fund Developmental Activities DNN announced on March 3, 2021 that it had closed its private placement of […]

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NEW YORK, March 4, 2021 /PRNewswire/ — The North Shore Global Uranium ETF (NYSE: URNM ) has surpassed $125 million in assets under management (AUM) as of 3/1/21. Launched on 12/4/19, the fund has produced a cumulative return of over 119% (on a price basis) since its inception through 2/28/21.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Shares are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns. Returns for periods of less than one year are not annualized. For performance current to the most recent month end, visit https://urnmetf.com/urnm . High short-term performance of the fund is unusual and investors should not expect such performance […]

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Employees of the Tokyo Electric Power Company stand next to a sea wall at the company’s Fukushima Daiichi nuclear power plant which was badly damaged in the 2011 earthquake and tsunami. It has been a decade since the Japan nuclear disaster caused the energy industry to rethink the safety of the power source. But the event hasn’t led to the destruction of the market or uranium demand.

Instead, it may have highlighted the importance of nuclear-power generation in the world’s efforts to provide clean energy

.

“It would be far from accurate to say that Fukushima was the death knell for the nuclear industry,” says Jonathan Hinze, president at nuclear-fuel consultancy UxC.On March 11, 2011, Japan suffered from a 9.0-magnitude earthquake , the largest ever recorded in the country. The massive tsunamis created by the quake flooded the Fukushima Daiichi power plant and led to the worst nuclear disaster in a […]

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