Category: Uranium

MONTHLY ATHABASCA BASIN EXPLORATION UPDATE

February 2021

Nuclear Power in Canada About 15% of Canada’s electricity comes from nuclear power, with 19 reactors mostly in Ontario providing 13.5 GWe of power capacity.

Canada had plans to expand its nuclear capacity over the next decade by building two more new reactors, but these have been deferred. For many years Canada has been a leader in nuclear research and technology, exporting reactor systems developed in Canada as well as a high proportion of the world supply of radioisotopes used in medical diagnosis and cancer therapy. UxC Consulting Spot Price(US$)Change of -$0.76/lb U3O8UxC Consulting Long-Term Price(US$)UnchangedThe Canadian Nuclear Association estimates that the Canadian nuclear industry employs approximately 30,000 people, and creates another 30,000 jobs indirectly through contracting. The industry generates revenues of approximately $6.6 billion and contributes $1.5 billion in federal and provincial taxes.In recent years there have been two notable […]

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TSX Trading symbol: U

TORONTO, Feb. 4, 2021/CNW/ – Uranium Participation Corporation (‘UPC’) (TSX: U) reports its estimated net asset value at January 31, 2021 was CAD$656.5 millionor CAD$4.87per share. As at January 31, 2021, UPC’s uranium investment portfolio consisted of the following: View PDF version (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: Uranium oxide in concentrates (‘U 3 O 8 ‘) 16,269,658 lbs $ 613,382 Uranium hexafluoride (‘UF 6 ‘) 300,000 KgU $ 37,190 $ 650,572 U 3 O 8 fair value 1 per pound: – In United States dollars $ 29.50 UF 6 fair value 1 per KgU: – In United States dollars $ 97.00 1 Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.2780. On the last trading day of January 2021, the common shares […]

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Hopes are high that 2021 will confirm the start of a new bull market in uranium.

Many people are predicting that in the near to mid-term the nuclear fuel could see plenty of screens glowing green in the best way possible.

Fans of the heavy metal are quietly confident that the classic combination of reduced supply and increasing demand will be a winning formula for both the element’s spot price and the wider uranium industry.

The high expectations for the uranium market come amid gains in the wider mining and commodities sector with Mining.com proposing that a ‘post-pandemic supercycle in commodities demand’ had contributed to a new record high of $1.3 trillion market capitalisation for the world’s 50 most valuable mining companies.There are encouraging signs that conditions are ripe for uranium to lead the commodities pack. In a wide ranging YouTube interview , Justin Huhn, founder of Uranium Insider Pro , […]

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Eldorado Gold has signed an investment agreement with the Greek government, allowing the company to expand production at its Olympias mine to 650,000 tonnes per year. Courtesy of Eldorado Gold. (Like what you’re reading? Get our weekly recap delivered straight to your inbox each Friday.)

Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed. This week’s headlines include enthusiasm for A.I.-assisted exploration , Eldorado Gold reaching an agreement regarding its Greek operations and Iamgold designing its Côté Gold mine project with autonomous technology in mind.

Vale has agreed to pay 37.7 billion reais ($8.98 billion) in compensation to the state of Minas Gerais for the collapse of the Brumadinho tailings dam in January 2019, as reported by Bloomberg . The agreement is about two-thirds of the initial amount of R$54.6 billion ($13 billion) sought by the government […]

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The Rossing joint venture near Arandis, Namibia, is one of the oldest and largest uranium mines in the world and one of the uranium supply sources that has been affected by COVID-19.
Source: Christian Ender/Getty Images News via Getty Images Uranium equities have had a banner start to the year as positive business fundamentals seemed to collide with the chaos of Reddit-fueled market chaos.

Shares in Cameco Corp. jumped above $14 for the second time in 2021 during the week of Feb. 1, increasing year on year from a share price of about $8.30. The company operates the largest uranium-producing mine in the world, Cigar Lake in Saskatchewan, Canada, and has suffered significant losses due to production stuttering related to the effects of the coronavirus pandemic. The Global X Funds – Global X Uranium ETF, an exchange-traded fund that provides investors with broader exposure to uranium mining, booked similar […]

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View PDF Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021 (CNW Group/Uranium Participation Corporation) On the last trading day of January 2021, the common shares of UPC closed on the TSX at a value of CAD$4.40, which represents a 9.65% discount to the net asset value of CAD$4.87 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 unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. Additional information about Uranium Participation Corporation is available on SEDAR […]

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Uranium Market research report is the new statistical data source added by A2Z Market Research .

Uranium is a silver-white metal chemical element belonging to the lanthanide series of the periodic table. Its chemical symbol is U and its atomic order is 92. Each uranium atom has 92 protons and 92 electrons, 6 of which are valence electrons. Uranium is micro-radioactive, its isotopes are unstable, and uranium-238 and uranium-235 are the most common.

Uranium Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms […]

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CEO & Managing Director, Mike Young Vimy Resources (VMY) is reassessing the possibility of an ancillary base metals circuit at its Mulga Rock Uranium Project

Mulga is Australia’s largest advanced uranium project and is located in the Great Victoria Desert in WA

In the preliminary feasibility study, the company assessed the economics of a base metal plant to recover by-products from the tailing of the uranium plant

Low prevailing prices for those commodities led the subsequent definitive feasibility study to focus primarily on a stand-alone uranium project However, with several economies transitioning towards renewable energy, demand for battery materials has risen and pushed prices higher Vimy is aiming to complete the assessment on the potential upside of including a base metal plant at the project within the first half of 2021 Shares closed 1.14 per cent lower at 8.7 cents Vimy Resources (VMY) is reassessing the possibility […]

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→ Are Contact-less Sales In Cannabis The Next Big Investor Cash Out? (Ad) Uranium Energy logo Uranium Energy (NYSEAMERICAN: UEC) has recently received a number of price target changes and ratings updates: 1/27/2021 – Uranium Energy had its price target raised by analysts at Canaccord Genuity from $2.00 to $2.15. They now have a “buy” rating on the stock.

1/26/2021 – Uranium Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration […]

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Boss Energy is looking to recommence production at the Honeymoon uranium mine in northeast South Australia. A number of uranium stocks rallied this week amid speculation Joe Biden had included nuclear energy in his clean energy program, delays to planned closures of nuclear power plants in the US driving up demand and concerns of a supply squeeze when nuclear utilities replace existing supply contracts.

Perth-based Boss Energy says it is in discussions with global lenders to secure funds to become Australia’s next uranium producer with the resumption of operations at the Honeymoon mine in South Australia.

The publicly-listed company told the Australian Securities Exchange this week the Honeymoon project required just $82.5 million (US$63.2 million) in capital expenditure to resume, one of the lowest funding requirements of any pre-production uranium project worldwide.

Honeymoon is about 80km north-west of Broken Hill and is one of only four permitted uranium mines in Australia. It […]

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‘The Fonz’, Arthur Fonzarelli (Henry Winkler) in trademark leather jacket jumps over a shark. Image: Happy Days, ABC TV share

Tungsten companies King Island Scheelite and Tungsten Mining were in-demand stocks

Helium and hydrogen explorer Global Oil and Gas rose on project exploration approvals

Uranium explorer Boss Energy ticks higher as it starts talks with potential lenders Here’s your top ASX small cap resources winners in morning trade Thursday, February 4. King Island Scheelite (ASX:KIS) Shares in the tungsten company were in high demand in Thursday trade after announcing this week a $10m loan from the Tasmanian government.The 10-year loan is to support the development of its high-grade Dolphin project on King Island off Tasmania which contains high-grade amounts of the tungsten mineral scheelite.Tungsten is a key input for ‘national security’ industries such as defence and also in the passenger transport, mining and construction sectors.The US is currently […]

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Boss Energy is looking to recommence production at the Honeymoon uranium mine in northeast South Australia. A number of uranium stocks rallied this week amid speculation Joe Biden had included nuclear energy in his clean energy program, delays to planned closures of nuclear power plants in the United States driving up demand, and concerns of a supply squeeze when nuclear utilities replace existing supply contracts.

Perth-based Boss Energy says it is in discussions with global lenders to secure funds to become Australia’s next uranium producer with the resumption of operations at the Honeymoon mine in South Australia.

The publicly-listed company told the Australian Securities Exchange this week the Honeymoon project required just US$63.2 million in capital expenditure to resume, one of the lowest funding requirements of any pre-production uranium project worldwide.

Honeymoon is about 80km northwest of Broken Hill and is one of only four permitted uranium mines in Australia. It was […]

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February 2, 2021 ( Source ) — Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (“Ur-Energy”) announced today that it intends to offer and sell its common shares and warrants to purchase its common shares in an underwritten public offering. In connection with this offering, Ur-Energy expects to grant the underwriters a 30-day option to purchase additional common shares and warrants, equal to up to 15% of the number of securities sold in the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the securities in the offering are to be sold by Ur-Energy.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering.

Ur-Energy anticipates using the net proceeds from the offering to maintain and enhance operational readiness, for possible future acquisitions […]

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Ur-Energy Inc. announced today the pricing of its underwritten public offering of 14,722,200 common shares and accompanying warrants to purchase up to 7,361,100 common shares, at a combined public offering price of $0.90 per common share and accompanying warrant. Each whole warrant will have an exercise price of $1.35 and will expire three years from the date of issuance. Ur-Energy has also granted the underwriters …

Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (“Ur-Energy”) announced today the pricing of its underwritten public offering of 14,722,200 common shares and accompanying warrants to purchase up to 7,361,100 common shares, at a combined public offering price of $0.90 per common share and accompanying warrant. Each whole warrant will have an exercise price of $1.35 and will expire three years from the date of issuance. Ur-Energy has also granted the underwriters a 30-day option to purchase up to 2,208,330 additional common shares and warrants to purchase […]

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Summary

Uranium miners have skyrocketed in value over the past few months due to a decline in global production and possible support for Nuclear from the Biden Administration.

Ur-Energy is my favorite North American producer since it rarely dilutes equity and has managed to control cash-flow drawdowns well.

URG may receive necessary permitting for a major growth project early this year and expand development. While Ur-Energy has many great growth catalysts, it is extremely expensive today with its price-to-sales ratio at a historical long-term peak. Looking for more investing ideas like this one? Get them exclusively at Conviction Dossier. Get started today » Uranium miners have seen strong performance over the past few months. Prices initially jumped last spring as Cameco ( CCJ ) decided to reduce production at one of the world’s most productive uranium mines. The company temporarily suspended production again in December due to a […]

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Ur-Energy Inc. (NYSE American: URG | TSX: URE | FSE: U9T), a company engaged in uranium mining, recovery, and processing activities, is benefiting from demand drivers in the U.S. market that are set to help U.S. uranium producers.

Ur-Energy operates the Lost Creek In-Situ Recovery (ISR) uranium facility in Wyoming. The company has produced, packaged, and shipped more than 2.6 million pounds of uranium since the start of operations in 2013.

U.S. National Uranium Reserve

The current positive sentiment surrounding uranium stocks is a reflection of uranium energy being part of a clean-energy economy and the United States government moving forward in creating a uranium strategic reserve that should benefit domestic producers.In December 2020, the U.S. Congress passed a spending proposal that earmarked US$75 million in new funding for a national uranium stockpile . The Bill is awaiting the President’s signature to become a law. The Congressional funding of a […]

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What happened

Shares of uranium miner Cameco ( NYSE:CCJ ) rose as much as 22% in early trading on Monday. The big news doesn’t appear to be related to any Reddit board, but to a more mundane Wall Street phenomenon: an analyst update. So what

Pure-play uranium miners like Cameco have been struggling through a period of very low uranium prices, following the Fukushima reactor meltdown in Japan. Although the energy commodity’s price has picked up somewhat over the last year, it remains well below peak levels. A part of the problem is that, despite the fact that nuclear power does not produce carbon emissions, it is often maligned as an undesirable option. Large disasters, while rare, are the main culprit for that. Image source: Getty Images. However, Bank of America (NYSE: BAC) has suggested that the closure of U.S. nuclear power plants may be delayed past 2030. That […]

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The Honeymoon Uranium Project. Source: ABC Boss Energy (BOE) has started discussions with global lenders about funding an operations reboot at its Honeymoon Uranium Project in South Australia

The estimated capital expenditure requirements for Honeymoon total US$63.2 million (roughly A$82.8 million), one of the lowest funding requirements of any pre-production uranium project worldwide

Confidentiality agreements between Boss and several global lenders have been signed and formal indicative financing proposals are now being sought

Additionally, Boss is also on track to complete an enhanced feasibility study (EFS) on Honeymoon in the coming quarter The EFS aims to reduce costs and increase nameplate capacity by removing the existing solvent extraction columns at Honeymoon and replacing them with new NIMCIX columns Boss Energy is up 16.3 per cent, trading at 10 cents per share Boss Energy (BOE) has started discussions with global lenders about funding an operations reboot at its Honeymoon Uranium […]

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Drill Program Highlights

Resource Indicated Expansion: R780E Zone (Winter 2021) Drilling expected to commence Q1, 2021

Drilling will focus on the eastern portion of the R780E, between lines 900E and 1125E where a large portion of the mineralization is presently classified as Inferred and the potential to intersect multiple stacked zones is high.

Drilling will include both infill and step-outs from known mineralization and at a spacing of ~15m x 20m (horizontal / vertical) to allow for conversion from Inferred to Indicated. Drill holes on and around line 900E have the potential to intersect the projected plunge of the high-grade core at R780E. Resource Indicated Expansion: R840W Zone (Summer 2021) Drilling expected to be completed in Q3, 2021 The R840W zone is located ~500m west of Patterson Lake. It is the 2 nd largest of the mineralized zones after the R780E zone and due to its predominantly Inferred […]

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