Category: Uranium

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Institutional and sophisticated investors back DevEx’s $10m placement at 30c/sh

Another $11.1m sought through fully-underwritten entitlement offer to existing shareholders

Chairman Tim Goyder to take up full entitlement Proceeds will fund expanded drilling at Nabarlek uranium and Kennedy rare earths projects DevEx has received strong support from sophisticated and professional investors who have made firm commitments for a $10m placement to fund ongoing drilling at its Nabarlek uranium and Kennedy rare earths projects. At Nabarlek, the company holds a dominant 4,700km 2 tenement package in the Alligator Rivers uranium province – a region in the NT that is known for its world-class, high-grade uranium deposits, with over 500 million pounds of uranium in mined and current resources.Specifically, DevEx Resources (ASX:DEV) is targeting high-grade uranium surrounding the historical Nabarlek uranium mine, where 24Mlbs at 1.84% U3O8 was produced, making it Australia’s highest grade uranium mine.Ongoing […]

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In this week’s video insight, David Buckland and Gary Rollo discusses the recent surge in uranium stocks. Gary explains the rationale behind their investments in uranium, emphasising the changing attitudes towards nuclear energy in the context of decarbonization. He highlights a supply-demand imbalance resulting from a decade of underinvestment in uranium production after the Fukushima disaster, making the commodity an attractive investment. They delve into one company they like, Boss Energy (ASX: BOE).

As an Australian uranium developer poised to become a producer with a credible strategy, low capital expenditure, and uncomplicated extraction process. The discussion touches on the strong performance of uranium prices and the evolving dynamics in the energy market. Gary underscores the importance of supply certainty for utilities and continues to seek investment opportunities in the energy sector, particularly in uranium, while keeping a watchful eye on emerging projects that can efficiently monetise the industry’s favourable conditions.

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Vancouver, BC –News Direct– MarketJar The world has collectively turned its attention towards nuclear energy as a saving grace for clean energy solutions, investments are continuing to pour into the space. The latest capital to hit the uranium sector was a $11 million investment from Denison Mines into F3 Uranium for the advancement of its Patterson Lake North property in Saskatchewan, showcasing the market’s bullish sentiment on the project’s potential. 1

What adds gravitas to this development is the stock’s upward trajectory, with a 7.5% spike following the announcement.

The Patterson Lake North property, positioned close to prominent uranium deposits like Fission Uranium’s Triple R and NexGen Energy’s Arrow, is seen as a prospective hub for future uranium operations in northern Saskatchewan. With uranium oxide grades touching an impressive 59.2% in recent drills, it’s no surprise that investors are eager to jump on the bandwagon.

But this fervor isn’t limited to […]

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( MENAFN – News Direct) –News Direct– The uranium market is in a nuclear upswing, with prices soaring by over 30% to a staggering 12-year high of $72 per pound.1 But, the heat’s just getting started.

This remarkable upturn in prices can be attributed to a carefully orchestrated series of events, starting with a dwindling uranium supply and an ever-mounting global demand for cleaner energy sources.

But, at the heart of this spectacle is Sprott Physical Uranium Trust (TSX:U.UN) (OTC:SRUUF) , which is buying up supply at a record pace. In the last two years, SPUT, the world’s largest and only publicly-listed physical uranium fund, has more than doubled its uranium supply to nearly 62 million pounds.

SPUT’s buying spree is expected to continue indefinitely after the recent announcement of its at-the-market equity program,2 which will see the firm issue up to US$125 million in trust units to acquire even more physical […]

Click here to view original web page at menafn.com

Vancouver, BC –News Direct– MarketJar The world has collectively turned its attention towards nuclear energy as a saving grace for clean energy solutions, investments are continuing to pour into the space. The latest capital to hit the uranium sector was a $11 million investment from Denison Mines into F3 Uranium for the advancement of its Patterson Lake North property in Saskatchewan, showcasing the market’s bullish sentiment on the project’s potential. 1

What adds gravitas to this development is the stock’s upward trajectory, with a 7.5% spike following the announcement.

The Patterson Lake North property, positioned close to prominent uranium deposits like Fission Uranium’s Triple R and NexGen Energy’s Arrow, is seen as a prospective hub for future uranium operations in northern Saskatchewan. With uranium oxide grades touching an impressive 59.2% in recent drills, it’s no surprise that investors are eager to jump on the bandwagon.

But this fervor isn’t limited to […]

Click here to view original web page at finance.yahoo.com

Boss Energy managing director and chief executive Duncan Craib during the 2022 Diggers & Dealers Mining Forum. Subiaco-based Boss Energy has kicked off mining activities at its Honeymoon uranium project amid a nuclear “renaissance”, which the company’s leader says Australia risks missing out on.

Boss is targeting first uranium production at its revived project in South Australia next quarter and in an announcement to the Australian Securities Exchange on Wednesday said that wellfield pre-conditioning for uranium extraction was now under way.

Boss managing director Duncan Craib told The West Australian that the company had first-mover advantage in a bullish uranium market.

“We’ve reached a significant milestone with the first commencement of a uranium mine in over a decade in Australia,” Mr Craib said.“There’s a lack of new production coming online and the projects that are in the pipeline generally require the uranium price to be above $US80 per pound to get away.”Boss […]

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Uranium Energy Corp. ( UEC ) shares have seen notable upward movement, propelled by the rapidly escalating uranium prices. Prices have escalated to a decade-plus high this year as mounting anxieties about energy security prompt nations to reconsider nuclear energy in their shift from carbon-intensive fossil fuels to more sustainable energy options, especially in light of Russia’s actions in Ukraine.

As a critical component for nuclear reactors, uranium is expected to see increased demand in the coming years. According to projections from the World Nuclear Association, nuclear capacity is estimated to expand by nearly 80%, and demand for uranium will likely double by 2040 .

However, with Uranium Energy currently operating at a loss, it may be more beneficial for investors to explore alternative uranium stocks to capitalize on the potential upswing in nuclear energy. Furthermore, with its lofty valuation, there remains a significant risk factor. Its forward P/E of 105.80x […]

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Toronto, Canada-based Denison Mines Corp. ( DNN ) is a uranium exploration and development company. Its flagship project is the 95% interest-owned Wheeler River uranium project in the Athabasca Basin region in northern Saskatchewan.

Recently, DNN announced that it had entered into a binding agreement to make a $15 million strategic investment in F3 Uranium Corp. in the form of unsecured convertible debentures. The gross proceeds from the debentures are expected to be used to develop the Patterson Lake North (PLN) property and for F3’s working capital purposes.

On the other hand, the company’s profitability scenario is quite concerning. Its trailing-12-month ROE, ROTC, and ROTA of -3.26%, -6.07%, and -2.72% compared to the industry averages of 21.57%, 10.60%, and 8.06%, respectively.

Moreover, the stock possesses a stretched valuation. Its forward EV/Sales and Price/Sales ratios of 135.29x and 139.43x are significantly higher than the respective industry averages of 2.19x and 1.52x.Given this backdrop, […]

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VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) — Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (“ URC ” or the “ Company “) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares (the “Common Shares”), at a price of U.S.$2.94 (the current approximate equivalent of C$4.00 per Common Share), for gross proceeds of approximately U.S.$30 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 17, 2023 and is subject to the Company receiving […]

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VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) — Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (" URC " or the " Company ") is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares (the “Common Shares”), at a price of U.S.$2.94 (the current approximate equivalent of C$4.00 per Common Share), for gross proceeds of approximately U.S.$30 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 17, 2023 and is subject to the Company receiving […]

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The price of uranium extracted from Ukrainian mines has become significantly lower than the cost of its extraction.

The Ukrainian energy industry is based on nuclear power. On average, nuclear power plants: Rivne, Khmelnitsky, South Ukraine and Zaporizhzhia (before its occupation by Russia) generated more than 55 per cent of Ukraine’s electricity.

Before the armed invasion, Ukraine’s nuclear reactors ran on Russian fuel. Since the start of the war, however, the country has refused supplies of Russian fuel. Nevertheless, according to Petro Kotin, the head of the national energy company Energoatom, fuel reserves should be sufficient for five to six years. How Ukrainian power engineers are preparing for the winter

How generators became Ukraine’s hottest commodity Energy transition in Ukraine: Promises, plans, forecasts To avoid a shortage, Ukrainian nuclear reactors have been switching to American fuel. In September 2023, the first Westinghouse Electric nuclear fuel was loaded […]

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Mr. Richard Mazur reports:

Vancouver, British Columbia–(Newsfile Corp. – October 10, 2023) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces the geochemical results from the Ned anomaly, one of over 20 targets for high grade unconformity-related deposits on its Thelon Basin uranium project located 100 km west of Baker Lake, Nunavut. Forum drilled four holes into the Tatiggaq zone and one hole in the 2km by 2km Ned target outlined by a large gravity low anomaly. Forum holds a 100% interest in 95,500 hectares of ground adjacent to Orano’s 133 million pound Kiggavik uranium project* (Figure1).

HIGHLIGHTS Drilling at Ned was collared in Thelon sandstone, targeting an unconformity deposit at the sandstone/basement contact. Geochemical results returned elevated uranium, boron, silver and nickel. The sandstone was bleached and clay altered, typical of unconformity- related uranium deposits.

The last hole in the Tatiggaq zone, TAT23-004 […]

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VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) — Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (" URC " or the " Company ") is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets as sole bookrunner, under which the underwriters have agreed to purchase, on a bought deal basis, 10,205,000 common shares (the “Common Shares”), at a price of U.S.$2.94 (the current approximate equivalent of C$4.00 per Common Share), for gross proceeds of approximately U.S.$30 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about October 17, 2023 and is subject to the Company receiving […]

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In the last trading session, 2.07 million Uranium Royalty Corp (NASDAQ:UROY) shares changed hands as the company’s beta touched 1.77. With the company’s per share price at $3.17 changed hands at $0.28 or 9.69% during last session, the market valuation stood at $320.71M. UROY’s last price was a discount, traded about -0.32% off its 52-week high of $3.18. The share price had its 52-week low at $1.81, which suggests the last value was 42.9% up since then. When we look at Uranium Royalty Corp’s average trading volume, we note the 10-day average is 1.94 million shares, with the 3-month average coming to 929.02K.

Analysts gave the Uranium Royalty Corp (UROY) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 […]

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In the last trading session, 9.92 million Uranium Energy Corp (AMEX:UEC) shares changed hands as the company’s beta touched 1.89. With the company’s per share price at $5.31 changed hands at $0.13 or 2.51% during last session, the market valuation stood at $2.05B. UEC’s last price was a discount, traded about -8.66% off its 52-week high of $5.77. The share price had its 52-week low at $2.30, which suggests the last value was 56.69% up since then. When we look at Uranium Energy Corp’s average trading volume, we note the 10-day average is 11.65 million shares, with the 3-month average coming to 7.24 million.

Analysts gave the Uranium Energy Corp (UEC) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further […]

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Uranium Energy Corp (AMEX: UEC)’s stock price has increased by 2.51 compared to its previous closing price of 5.18. However, the company has seen a 3.11% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-10-05 that Delving into the energy landscape, it becomes critical to highlight the top nuclear energy stocks to buy in our climate-conscious world. Undeniably, nuclear energy heralds itself as a futuristic and dominant power source. Is It Worth Investing in Uranium Energy Corp (AMEX: UEC) Right Now?

Moreover, the 36-month beta value for UEC is 1.89. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

Do You Know The Best Place To Find Gains In Volatile Markets?

In today’s chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, […]

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TORONTO, Oct. 03, 2023 (GLOBE NEWSWIRE) — Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“ Platinex ” or the “ Company ”) is pleased to announce the creation of Green Canada Corporation (“GCC” or “Green Canada”) an unlisted subsidiary of Platinex. Concurrently, Platinex and GCC have entered into a binding letter of intent with International Prospect Ventures Inc. (“International Prospect Ventures”) (TSX-V: IZZ) to acquire a portfolio of exploration-stage uranium projects located in top jurisdictions in Canada (the “Uranium Portfolio”). Platinex has also assigned its option agreement on the Muskrat Dam Critical Minerals Project (“Muskrat Dam Project”) with Springer Mineral Resources Corporation (“Springer”) to GCC.

Platinex shareholders will participate as direct shareholders of GCC providing them with exposure to uranium and other critical minerals as Canada begins to experience increased global interest and investment in mineral exploration driven by the green energy transition. GCC is strategically positioned with an […]

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Source: Shutterstock Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So should Fission Uranium ( TSE:FCU ) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we’ll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for Fission Uranium When Might Fission Uranium Run Out Of Money?

A company’s cash runway is the amount of time it […]

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Oct 5, 2023

View all Rohan Reddy’s Articles

Major economies like China, India, Japan, Europe, and the United States embracing nuclear power and expanding their nuclear power capacities have uranium prices on an upswing. But with the demand for nuclear power rising, so are concerns about the global uranium supply chain. Spot uranium prices are up 47% year to date amid a host of favorable supply and demand dynamics. 1 Sources of price pressures run the gamut, including lower production guidance from producers like Cameco, a coup in Niger potentially affecting its output, and uranium physical funds becoming more active. In line to benefit from these price trends are uranium mining, enrichment, and nuclear component players, who all contribute to the world turning to nuclear energy as a reliable and sustainable power source. Key Takeaways

Questions about current production capacity as the world turns towards uranium have supported prices […]

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Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – October 6, 2023) – F3 Uranium Corp. ( TSXV: FUU ) ( OTCQB: FUUF ) (" F3 " or the " Company ") is pleased to announce that it has entered into a binding agreement with Denison Mines Corp. (" Denison ") ( TSX: DML ) ( NYSE American: DNN ) for a $15 million strategic investment by Denison with the acquisition of unsecured convertible debentures issued by F3 (the " Debentures "). The Debentures will be convertible at a conversion price of $0.56, representing a 30% premium to F3’s current five-day volume weighted average price. Assuming conversion of the Debentures and no other changes to F3’s outstanding share capital, shares issued would represent approximately 6% of the Company.

Dev Randhawa, CEO of F3 commented, "We are pleased to welcome Denison as a strategic investor in the Company. Denison is a […]

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Welcome to the Market Herald’s Capital Compass.

Our next guest is spearheading a team with a proven track record of uranium discoveries in the Athabasca Basin. Joining us today is John Bey, CEO of Standard Uranium Ltd. (TSXV:STND), who is here to talk about the company and everything that we have to discuss today.

TMH: We have a lot to talk about. So, I guess let’s start off with you speaking to the past few news releases, one of which is regarding expansion of land holdings and the project generator business model.

Bey: Sure. So going back into June, we’ve had three releases since then. The first one was we switched to a project generator business model. Prior to that, we were working all our projects on our own. So raising money, staking ground, doing the drill programs. And after doing this for five years, it’s become quite dilutive […]

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Vancouver, BC –News Direct– MarketJar The uranium market is in a nuclear upswing, with prices soaring by over 30% to a staggering 12-year high of $72 per pound. 1 But, the heat’s just getting started.

This remarkable upturn in prices can be attributed to a carefully orchestrated series of events, starting with a dwindling uranium supply and an ever-mounting global demand for cleaner energy sources.

But, at the heart of this spectacle is Sprott Physical Uranium Trust (TSX:U.UN) (OTC:SRUUF) , which is buying up supply at a record pace. In the last two years, SPUT, the world’s largest and only publicly-listed physical uranium fund, has more than doubled its uranium supply to nearly 62 million pounds.

SPUT’s buying spree is expected to continue indefinitely after the recent announcement of its at-the-market equity program, 2 which will see the firm issue up to US$125 million in trust units to acquire even more physical […]

Click here to view original web page at finance.yahoo.com

If one segment of the Australian share market has dodged the doldrums so far in 2023, it’s ASX uranium shares .

Amid a rocket-like move in the price for the energy-dense metal, companies operating in the sector have soared. While the performance of many uranium producers has already been something of a fairytale, some industry experts think further upside could still be on the table.

Here’s what could catapult ASX uranium shares even higher. Increased supply doesn’t come cheap

Two variables govern the price of any commodity: supply and demand .For uranium, the demand story is well understood by many. Nuclear is regaining its position as an alternative energy source as climate concerns intensify and energy security is thrown in the spotlight amid strained geopolitical ties.Consequently, governments in the United States, Canada, Japan, China, Poland, and Turkey have delivered — or announced the development of — new reactors for the first […]

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In this month’s roundup of the best and worst performing exchange traded products (ETPs), the uranium sector is by far the biggest winner, according to Morningstar data.

In our top 12 for September, Sprott Uranium Miners UCITS ETF Acc ( URNM ) gained almost 29% and topped the list (again), followed right away from the Global X Uranium UCITS ETF USD Acc ( URNU LN ).

The uranium market was disrupted by the outbreak of war, because Ukraine depended heavily on Russian uranium. Following the invasion, Ukraine, where there are 15 reactors, rushed to sign a 12-year supply agreement with Canada. Meanwhile, operators in Finland and Eastern Europe were hit the hardest as they owned Russian-made reactors – which only Russian companies knew how to supply. It took a year to find an American competitor capable of packing the uranium rods into the hexagonal blocks required by these plants.

Nuclear power is […]

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Vancouver, British Columbia–(Newsfile Corp. – October 5, 2023) – Cosa Resources Corp. ( CSE: COSA ) ( OTCQB: COSAF ) ( FSE: SSKU ) (" Cosa " or the " Company ") is pleased to announce the expansion of its 100% owned Orion Property in the Athabasca Basin, Saskatchewan (" Orion " or the " Property "). Additionally, the Company announces that it has entered into a market-making agreement with Generation IACP (" GIACP ") pursuant to which GIACP has agreed to provide certain market-making services to the Company in accordance with the policies of the Canadian Securities Exchange (" CSE ").

Highlights Orion expanded to 9000 hectares with two new claims totalling 5119 hectares

Over 10 kilometres of additional prospective magnetic low strike length acquired via low-cost staking

Orion expansion area covers the interpreted southern extension of the Larocque uranium corridor, host to the Hurricane deposit and Alligator […]

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