Category: Uranium

JOHANNESBURG (miningweekly.com) – Potential further suspensions in the operations of uranium mines this year as a result of second or even third waves of Covid-19 infections could drive the uranium price higher.

During a webinar hosted by Africa Mining Forum on February 25, Canada-listed GoviEx Uranium CEO Daniel Major said uranium was poised for significant demand growth and a potential bull market this year. Uranium is currently trading at a spot price of about $30/lb, which is an increase on the pre-Covid-19 spot price of about $24/lb.

While the uranium market has not been in the favour of producers for quite some time, the shorter-term fundamentals of a tighter market is starting to favour producers, which may bode well for the uranium price over the medium to long-term. A higher uranium price will enable companies with development assets to raise the necessary funding to build their mines.

This could see uranium producers […]

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Source: Streetwise Reports 02/22/2021

A research-based analysis of Blue Sky Uranium is provided in a Globe Small Cap Research report. In a February 2021 research note, Globe Small Cap Research stated that Blue Sky Uranium Corp. (BSK:TSX.V; BKUCF:OTCQB) “is worthy of active consideration and ongoing following for developments.”

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Get Our Free Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly NewsletterGlobe described the company and presented its compelling factors, noting, “There is a lot to like about the Blue Sky Uranium story.”Blue Sky Uranium is a Canada-headquartered junior uranium and vanadium exploration company that owns 5,000-plus square kilometers of property in Argentina’s Rio Negro and Chubut provinces. It has exclusive […]

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TORONTO, Feb. 24, 2021 /CNW/ – Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FSE: G12) is pleased to announce it has entered into an Agreement with Fuel Link Limited ("Fuel Link"), to provide uranium marketing services to the Company. Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation) Fuel Link was founded by Mr Bahi Sivalingam in 2005, subsequent to his departure from Rio Tinto Plc. While at Rio Tinto, Bahi was a Board member and Marketing Director of Rio Tinto Mineral Services Limited and responsible for the sales from the Rössing Uranium Mine, a 10 million pound per year uranium operation located in Namibia, Africa. Post Rio Tinto, Bahi was Director of Business Development for TradeTech, one of the Uranium industry’s leading market analysis and price reporters. For the eight years to 2020 he held the position of Commercial Director for TradeTech Energy, a […]

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Fuel Link was founded by Mr Bahi Sivalingam in 2005, subsequent to his departure from Rio Tinto Plc. While at Rio Tinto, Bahi was a Board member and Marketing Director of Rio Tinto Mineral Services Limited and responsible for the sales from the Rössing Uranium Mine, a 10 million pound per year uranium operation located in Namibia, Africa. Post Rio Tinto, Bahi was Director of Business Development for TradeTech, one of the Uranium industry’s leading market analysis and price reporters. For the eight years to 2020 he held the position of Commercial Director for TradeTech Energy, a US-based trading company, providing nuclear fuel supply solutions to the global market.

Over the past 23 years, Bahi has gained extensive knowledge of the uranium market and has developed commercial relationships with counterparties in all the major trading regions covering Europe, America and Asia.

Based in the UK, Fuel Link is well positioned to […]

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Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://skyharbourltd.com/_resources/maps/SYH-Patterson-Lake.pdf

As previously reported the target area for the 2021 drill program is the conductive corridor from the A-Zone through to the G-Zone and is based on a compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground-based EM and gravity surveys, and property wide VTEM and magnetic surveys.

Drilling has commenced south of the A-Zone and will continue southwest along the AB and G-Zones. The first hole of the 2021 program is designated to test a strongly disrupted portion of the A-Zone conductor in the vicinity of a left-lateral fault offset and transition from northwest to north trending controlling structure. The target is further strengthened by a localized gravity low feature at depth. The hole is located 500m north of 2019 drill hole EP19001 which successfully intersected graphite-quartz-pyrite laden fault zones.
Target Corridors at East Preston […]

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Global Atomic Corporation is pleased to announce it has entered into an Agreement with Fuel Link Limited to provide uranium marketing services to the Company. Fuel Link was founded by Mr Bahi Sivalingam in 2005, subsequent to his departure from Rio Tinto Plc. While at Rio Tinto, Bahi was a Board member and Marketing Director of Rio Tinto Mineral Services Limited and responsible for the sales from the Rössing …

Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO) (OTCQX: GLATF) (FSE: G12) is pleased to announce it has entered into an Agreement with Fuel Link Limited (“Fuel Link”), to provide uranium marketing services to the Company. Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation) Fuel Link was founded by Mr Bahi Sivalingam in 2005, subsequent to his departure from Rio Tinto Plc. While at Rio Tinto, Bahi was a Board member and Marketing Director of Rio Tinto Mineral […]

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Live broadcast date: 25 February 2021

03h00 New York | 03h00 Toronto | 08h00 GMT | 08h00 London | 09h00 WAT | 10h00 Johannesburg | 16h00 Perth

A new year brings with it new opportunities and this is what Africa Mining Forum and Mining Review Africa will deliver in 2021 as we take a new approach to delivering industry-relevant content to you over the course of the year – designed to keep you up to speed with how the industry is tracking and what jurisdictions and commodities you need to keep an eye on.

We guarantee these digital touchpoint sessions will help guide your African mining investment decisions.In this session, we take a closer look at uranium, which is poised for significant demand growth and a potential bull market in 2021. Uranium is currently trading at a spot price of about US$30/lb – an increase in the pre COVID […]

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February 23, 2021 (Investorideas.com Newswire) A research-based analysis of Blue Sky Uranium is provided in a Globe Small Cap Research report. In a February 2021 research note, Globe Small Cap Research stated that Blue Sky Uranium Corp. (BSK:TSX.V; BKUCF:OTCQB) "is worthy of active consideration and ongoing following for developments."

Globe described the company and presented its compelling factors, noting, "There is a lot to like about the Blue Sky Uranium story."

Blue Sky Uranium is a Canada-headquartered junior uranium and vanadium exploration company that owns 5,000-plus square kilometers of property in Argentina’s Rio Negro and Chubut provinces. It has exclusive mining rights to more than 400,000 hectares, divided into two primary areas: Amarillo Grande, the project on which it is currently focused, and Sierra Colonia.

At Amarillo Grande, Blue Sky’s main target area today is the Ivana deposit, containing 23 million pounds (23 Mlb) of uranium and up to 12 Mlb of […]

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NexGen Energy ( NXE ) finally released the long-awaited feasibility study for its world-class Rook I uranium project. The results are positive and they confirm the world-class status of Saskatchewan’s Athabasca basin-located asset. According to the news release, the Arrow deposit contains reserves of 239.6 million lb U 3 O 8 . Compared to the 2018 reserves estimate, the volume of contained U 3 O 8 increased by 5.5 million lb, unfortunately, the U 3 O 8 grade declined from 3.09% to 2.37%. However, there is space for further expansion, as the resources (including reserves) contain 337.4 million lb U 3 O 8 . Moreover, the Arrow deposit remains open in several directions and at depth. And there are other nearby deposits, like Arrow South, or Harpoon, that haven’t been included in the reserves, resources, or the mine plan yet. NexGen is pretty sure that the mine life will […]

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Should you invest in mining companies? What will change the bull run? Anglo Gold Ashanti has never been this cheap, notes Peter Major, director of mining, at Mergence Corporate Solutions . Stock-picking is called for, he says. Don’t buy the index. He sets out how one piece of legislation could change shortage of supply. – Jackie Cameron Peter Major on the mining results: It’s hard to be too critical. This environment is rare. This is a bull run like we’ve barely seen two times in the last 30 years – and it’s ferocious. It’s covering as many qualities as it’s ever covered. Oil isn’t as crazy as it was in the 70s. It’s not as crazy as it was in the new millennium. Neither is uranium, but the rest of them – iron ore is insane, coal is very moderated. But I guess it’s about 10 years of persecution, […]

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NexGen Energy CEO, Leigh Curyer, says the company’s Rook I uranium project has earnt its place as one of the “leading global resource projects with an elite ESG profile” after the publication of feasibility study results on the project’s Arrow deposit in the Athabasca Basin of Saskatchewan, Canada.

The study was completed jointly by consultants including Stantec, Wood and Roscoe Postle Associates (now part of SLR Consulting), with other technical inputs completed by sub-consultants.

Financial highlights from this study included an initial capital bill of C$1.3 billion ($1.03 billion) repaid with a post-tax net present value (8% discount) of C$3.47 billion based on a $50/Ib uranium price. From years 1-5 average annual production was due to come in at 28.8Mlb of uranium oxide, with average production over the life of mine of 10.7 years of 21.7 MIb/y.
The company laid out plans for a 1,300 t/d mill processing an average feed […]

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Clean, green energy sources are not just a ‘down-the-road’ solution for the future of the global economy moving forward…they are now a dire necessity. The dirty, aging, CO2- emitting fossil fuel industry – even before the COVID-19 outbreak – began to show deep cracks in its long-term future as the planet’s primary facilitator for energy solutions and a bona fide investment long play.

However, one major energy commodity appears to be resisting the general metals & mining market volatility while offering real solutions in the battle against greenhouse gas emissions. Uranium.

Enter Kelowna, BC-based Fission Uranium Corp. (FCU) ( TSX.FCU , OTCMKTS: FCUUF , Forum ). The company owns a 100% interest in the high-grade and near-surface Triple R uranium deposit, located on the southwestern edge of Canada’s mining-renowned Athabasca Basin. As highlighted in its prefeasibility study, Fission’s headline-grabbing project has the potential to be one of the lowest operating cost […]

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As the spot uranium price has declined nearly -11% in the last month, prices for uranium shares have risen dramatically.

-Key drivers of uranium equities rally
-Three megatrends supporting uranium
-Spot uranium slides over -7% during 2021

A sweeping rise in the share prices of current and prospective uranium producers has drawn widespread attention in 2021.Share prices for a selection of uranium companies tabled weekly by industry consultant TradeTech have all increased over the last four months, some doubling or tripling in that time.Given the wide variation of assets, production histories and marketing strategies relating to those companies, TradeTech identifies a few key drivers for the share rally .Firstly, there are supply/demand fundamentals as primary production has been significantly curtailed over the last few years. In addition, some investors believe select companies were undervalued, even in an environment where prevailing prices were below the cost of production for […]

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GoviEx Uranium Inc. announces that after many years of commitment and support for the Company and its stakeholders, Mr. Matthew Lechtzier and the Hon. Robert Hanson have decided to retire from the Company’s board of directors .”Matthew and Robert have steadfastly supported GoviEx for the past decade helping guide the Company from its early days as an explorer in Niger to a company now moving towards the …

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx” or “Company”), announces that after many years of commitment and support for the Company and its stakeholders, Mr. Matthew Lechtzier and the Hon. Robert Hanson have decided to retire from the Company’s board of directors (the “Board”).

“Matthew and Robert have steadfastly supported GoviEx for the past decade helping guide the Company from its early days as an explorer in Niger to a company now moving towards the development-stage with projects in Niger, Zambia and […]

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Pic: The Office, NBC share

With the uranium price tipped to run hard this year, one of the most closely-followed global commodity brokers has turned its attention to the ASX uranium sector.

In its first research note on an ASX uranium company for four years, Sprott Equity Research recommends investors buy Boss Energy (ASX: BOE).

Naming Boss as its pick of the ASX uranium sector, Sprott says the company’s Honeymoon project in South Australia is the most advanced of its peer group and ready to go.“We believe Boss has done the most to ensure operational readiness and is our pick of the group,” Sprott says in its research report to clients.“Even better, Boss is trading at a discounted enterprise value-to-pound multiple to the peer group and therefore represents a greater upside in our view.”“The quality and volume of Boss’s study work sets the company apart in our view. Like other […]

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Uranium has been one of the top-performing energy and mining market segments over the past few months. The popular Global X Uranium ETF ( URA ) has risen 70% since November of last year and the industry seems to be gaining momentum. The rally came as the major global producer Cameco ( CCJ ) reported a surprise Q4 profit and better than expected revenues . Indeed, Cameco’s production declined 44% YoY which has caused global U308 prices to increase, making many chronically unprofitable miners nearly profitable.

The current rally is one of the strongest for the uranium market in years. Most uranium mining companies have declined since their last bull market in the 2000s that created immense gains for early investors. The ongoing rally has caused many investors to wonder if a similar secular bull-market is in-store. According to the Bank of America , the recent delay in nuclear plant […]

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“ The constantly developing nature of the Uranium industry addresses a purposeful effort to understand the changing needs of customers with the advent of lifestyle change. However, the increasing consumer demands, preferences, and changing tastes are key elements for which the Uranium industry is looking for constant innovation in the development of packaging and production. Our research report gives you the opportunity to keep up-to-date on the industry’s changing dynamics.

Get Sample Report@ https://www.regalintelligence.com/request-sample/208377

Scope of the Market is Defined: –

The Uranium market is segmented on the basis of Companies, type, application, form, and region. The type comprises the basic Uranium industry and all types of Uraniums that are covered by this report. Based on the application, there are several users who use these products as raw materials to produce their final product. Companies covered in this report are Sinosteel, CNNC, Sinohydro, Jinduicheng Molybdenum, JiangXi Copper Corporation, […]

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Vancouver, British Columbia–(Newsfile Corp. – February 18, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the Company") is pleased to announce the results of its updated pre-feasibility study (" Updated PFS ") achieving key objectives set by the Company designed to advance the Madaouela Uranium Project ( the "Project") towards Project financing and development.

Key Highlights: Open pit mining in the early years with CapEx reduced by 15% and OpEx down by 20%

Captive water source, consumption reduced by 66%

Grid level electrical power existing within Project boundary Prioritize local skilled labour and local venders Straightforward industry standard process design – reducing construction and operational risks Mining Permit and Environmental Certificate already secured Potential to service debt of USD 150-180 million Ability to fast track feasibility study in 2021 to target rapid development Next steps to accelerate project financing and offtake options The Updated PFS succeeded in […]

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American Manganese Inc. (T.AMY) hit a new 52-week high of $2.58 on Wednesday. American Manganese has granted 5,950,000 incentive stock options to certain of its directors, officers and consultants. The options are exercisable at a price of $2.63 per share for a five-year term. Any shares issued on the exercise of these stock options will be subject to a four- month holding period from the date of the grant. The stock option grants are subject to acceptance by the TSX Venture Exchange.

A2Z Smart Technologies Corp. (V.AZ) hit a new 52-week high of $4.33 on Wednesday. A2Z Smart announced the appointment of Mr. Rafael Yam as Chief Executive Officer of its subsidiary Cust2Mate Ltd. Yam was head of NCR Israel BU, a role he has excelled in from 2015 until present. Previously, Yam served as the executive account manager of the Nordics and Baltics region for NCR.

Blue Sky Uranium Corp. […]

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