Category: Uranium

Deep Yellow ASX DYL uranium placement 2021 Namibia uranium play Deep Yellow (ASX: DYL) has raised $40.8 million with a placement of its shares at $0.65 each as it embarks on the definitive feasibility study of its Tumas project in the southern African country.

Shareholders will be offered an additional $2m worth of shares at the same price as the placement.

The company says there was “significant” domestic and international interest with “quality” institutions added to its register.

The raising comes as spot uranium prices have been given a leg up by the freezing storms in the US that have caused blackouts in Texas as wind turbines froze and gas supplies faltered. ASX uranium share prices have also recently been showing signs of revived interest. Spot uranium price rising The US gets about 20% of its electricity from nuclear plants and the high level of demand has been reflected in uranium prices […]

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Uranium is an important commodity in the energy sector, and knowing the countries with the top reserves is key. Mined uranium resources have provided fuel for nuclear power generation for more than 60 years, and today nuclear power serves 10 percent of global energy needs.

Global uranium demand is anticipated to grow in the coming years, which bodes well for future uranium prices . According to the World Nuclear Association (WNA), more than 50 nuclear reactors are under construction worldwide, and significant increases to capacity at existing plants are also planned.

Global uranium production totaled 53,656 tonnes of U3O8 in 2019, the latest year for which numbers are available. The five top uranium-producing countries in the world are Kazakhstan, Canada, Australia, Namibia and Niger, and they were responsible for the vast majority of that production. Uranium Price Forecasts and Top Uranium Stocks to Watch Did You Know That Uranium […]

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Am I the only one who, while watching GameStop go bananas on the stock exchange, was reminded of how the 1872 Mining Law has been put to work for the Canyon uranium mine ? Yes, indeed, I imagine I am. But I assure you, there’s some resemblance between all the call options recently placed on GameStop and the mine’s 40-year tenure on our public lands. What on Earth am I talking about?

The general idea behind the 1872 Mining Law was to authorize what trespassing miners had already been doing for many years: going onto federal public lands to search for pay dirt. Under the law, a miner who found a “valuable mineral deposit” and followed a list of other rules could stake a mining claim and get the government’s blessing to mine.

Over a century later, in the late 1970s, a uranium-mining company used this law to stake two […]

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Winter storms in parts of the south and central U.S. have led to a surge in the need for power, rallying prices for natural gas as traders look toward a rise in nuclear power demand and consumption of uranium.

The southern Plains has been “transformed into southern Siberia due to brutally cold Arctic air that has toppled century-old records,” AccuWeather reported on Tuesday.

The spot price of wholesale electricity on the Texas power grid jumped by more than 10,000% to over $9,000 per megawatt hour late Monday morning, compared with prestorm prices of less than $50 per megawatt hour, according to a Reuters report , citing data from the Electric Reliability Council of Texas, or ERCOT.

About 36% of U.S. natural gas demand comes from the electric power sector. Prices for the fuel on the futures market rallied Tuesday , with the front-month March contract trading up nearly 15 cents, or 5%, […]

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IsoEnergy Ltd. is pleased to announce the implementation of its senior leadership transition plan with the appointment of Tim Gabruch as Chief Executive Officer and Director of IsoEnergy. Mr. Gabruch will be taking over the role from Mr. Craig Parry who will step down as President and Chief Executive Officer and continue to serve the Company as a member of the Board of Directors. Leigh Curyer, Chairman of the Board, …

IsoEnergy Ltd. (” IsoEnergy “) ( TSXV: ISO ) (OTCQX: ISENF) is pleased to announce the implementation of its senior leadership transition plan with the appointment of Tim Gabruch as Chief Executive Officer and Director of IsoEnergy . Mr. Gabruch will be taking over the role from Mr. Craig Parry who will step down as President and Chief Executive Officer and continue to serve the Company as a member of the Board of Directors. IsoEnergy Ltd. Logo (CNW […]

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Saskatoon, Saskatchewan TheNewswire – February 16, 2021 UEX Corporation is pleased to announce that its President, CEO, and Director, Roger Lemaitre will present at 12:30 pm ET on February 18, 2021 at the OTC Markets Virtual Investors Conference. UEX’s presentation will begin at 12:30 pm ET on Thursday February 18, 2021. UEX invites individual and institutional investors, as well as advisors and analysts, to …

(TheNewswire) Saskatoon, Saskatchewan TheNewswire – February 16, 2021 UEX Corporation (TSX:UEX ) ( OTCQB:UEXCF) (“UEX” or the “Company”) is pleased to announce that its President, CEO, and Director, Roger Lemaitre will present at 12:30 pm ET on February 18, 2021 at the OTC Markets Virtual Investors Conference.

UEX’s presentation will begin at 12:30 pm ET on Thursday February 18, 2021.

UEX invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com If you would like […]

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VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / CAT Strategic Metals Corporation (CSE:CAT) (" CAT " or the " Company ") is pleased to announce that it has entered into a binding letter agreement with arm’s-length parties to acquire a privately-held corporation that owns a 100% undivided interest in the South Preston Uranium Property (" South Preston ") located in Saskatchewan, Canada.

" We are tremendously excited to share today’s announcement. The South Preston Uranium Property provides our shareholders with a district-scale footprint in a world-class uranium basin that is globally k nown for hosting some of the highest-grade uranium deposits . T he Western Athabasca Basin has quickly become the address for new uranium discoveries, including large deposits found within the region by NexGen Energy and Fission Uranium. Recent market interest in neighbouring uranium exploration junior, Azincourt Energy, bodes well for our large adjacent project and speaks to […]

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Vimy Resources’ flagship Mulga Rock project in Western Australia However, what sets this ASX-listed near-term developer apart from the crowd is that it’s one of only a handful of companies with a deposit which could be in production in the first half of this decade.

"The metaphor I like to use is that all boats lift on the rising tide, but very few boats will sail out of the harbour and we’re one of those," CEO and MD Mike Young explains.

With a plus-90 million pound U3O8 resource, Vimy’s flagship Mulga Rock deposit in Western Australia is the country’s largest uranium development project and has already received key state and federal permits.

The company has also just announced it’s reassessing the potential for a base metals plant at Mulga Rock, which could deliver by-product credits of up to US$4.50/lb of U3O8 produced over the 15-year mine life, enhancing the economics and creating […]

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VANCOUVER, BC, Feb. 11, 2021 /PRNewswire/ – Uranium Royalty Corp. (TSXV: URC) (US: URCCF) ("URC" or the "Company") is pleased to announce it has entered into a definitive agreement to acquire existing royalty interests on the McArthur River and Cigar Lake Mines in Saskatchewan, Canada.

Highlights The acquisition represents a transformational transaction for Uranium Royalty Corp (URC) , providing potential near to long-term cash-flow opportunities from existing long-life mines operated by Cameco Corporation (" Cameco ") and partnered with Orano Canada Inc. (" Orano "), two of the world’s most prominent uranium and nuclear fuel companies;

World-class production profile : McArthur River and Cigar Lake mines rank as the two largest high-grade uranium mines in the world, with ore grade 100 times world averages as disclosed by Cameco. Based on disclosed production capacities, the mines have the combined capacity equal to 21% of global forecasted uranium demand (2021) […]

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Vancouver, British Columbia–(Newsfile Corp. – February 10, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has filed a permit application for an exploration program, including drilling, at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project"). Gibbons Creek consists of seven mineral claims encompassing 13,864 hectares (34,259 acres), located along the northern margin of the Athabasca Basin immediately west of the community of Stony Rapids, SK.

Highlights of the Gibbons Creek Uranium Project Located adjacent to the infrastructure provided at Stony Rapids, including all-weather Highway 905, a commercial airport, equipment rentals and supplies, as well as readily available accommodation, therefore providing high efficiencies for exploration;

Shallow depths (estimated at less than 200 metres, or approximately 660 feet) to the Athabasca sandstone unconformity, with the Project showing potential for unconformity-style or deeper, basement-hosted uranium mineralization;

[…]

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VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy Corp. (“Azincourt”) is pleased to provide an update on preparations for the 2021 winter exploration program at the East Preston uranium project, located in the western Athabasca Basin, Saskatchewan, Canada.

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

Road preparation and placement of bridges to allow access to the primary drill sites at the Company’s East Preston property is underway. The 2021 exploration program is anticipated to cost approximately $1M to 1.4M and consist of a 10 – 12 hole, 2000-to-2500 meter diamond drill program. Drilling is anticipated to commence the third week of February.
Based on the compilation of results from the 2019 and 2020 drill programs, 2018 through 2020 ground-based EM and gravity surveys, and property wide […]

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Deep Yellow plans to take advantage of forecast uranium shortages and price increases as the decade progresses. Following a positive prefeasibility study at the Tumas uranium project in Namibia, Deep Yellow (ASX: DYL) has confirmed it will begin definitive feasibility work this month.

The PFS examined the viability of open pit mining and processing of the four Tumas deposits, within Deep Yellow’s wholly-owned Reptile project.

Tumas 1, Tumas 1E, Tumas 2 and Tumas 3 are within a 30km radius of the proposed purpose-built processing facility with a capacity of 3.75 million tonnes per annum of uranium-bearing ore.

It evaluated the potential of calcrete-associated uranium deposits within the Tumas palaeochannel and delivered strong results in line with assumptions determined in a scoping study completed in January 2020.When the scoping study was unveiled last year, Deep Yellow called it a “critical milestone” in identifying a project with potential to meet investment criteria, including a […]

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Deep Yellow’s drill crews continue to build the resource inventory at Tumas in Namibia. Credit: File Deep Yellow has tabled its much-anticipated pre-feasibility study over the Tumas uranium project in Namibia, with the aspiring producer lodging a robust set of numbers green-lighting a fast-track path to production.

After the company’s pre-feasibility study, or PFS demonstrated some compelling financials, it signalled it would move directly into a definitive feasibility study on the project.

The PFS on Deep Yellow’s Namibian project showcased a gross revenue over an 11-year life of mine at A$2.5 billion with an EBITA of more than A$125 million per annum. Compellingly, the payback period on the initial capital costs is less than 4 years with the PFS also presenting a Net Present Value of A$276 million. The completion of the Tumas Pre-Feasibility Study marks a major milestone for Deep Yellow as we advance our exciting Namibian project portfolio towards […]

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Uranium Energy Corp. (UEC) exchanged 204056 shares on hands in most recent trading session and observed an average volume with 3308.1K shares. The stock acknowledged active focus on shares in the current trading session. UEC disclosed a change of 6.00% and its listed share value at $2.12 in the recent trade transaction. This company belong to USA Country and part of Energy sector. It has a market capitalization of $380.66M. Using market capitalization to display company size because this is basic factor of different characteristics to develop the investors’ interests including risk.

PERFORMANCE REVIEW:

UEC revealed weekly performance of 9.29% and shown yearly performance of 130.60%. The stock moved to 94.17% in last six months and it maintained for the month at -3.38%. The stock noted year to date performance at 13.64% and changed about 119.08% over the last three months. The stock’s price situated at -2.30% from 52 […]

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What happened

Shares of Denison Mines ( NYSEMKT:DNN ), which is developing a uranium mine in Canada, saw its shares jump roughly 10.5% by 1:30 p.m. EST. Also heading higher were Energy Fuels ( NYSEMKT:UUUU ) and Uranium Energy ( NYSEMKT:UEC ), up 12% and 10%, respectively, at their peaks. Industry giant Cameco ( NYSE:CCJ ) also got in on the act, but to a lesser degree, rising by around 6% at its highest point. So what

There’s really not a whole lot going on here, with the only material news being an update from Denison on its mine development plans. The company, which owns 90% of the Wheeler River uranium mine project, approved a $24 million budget as it looks to restart the environmental assessment process. Denison’s piece of the total cost is $19.4 million. This is an interesting update on Denison’s Wheeler River dig and might explain […]

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