Category: Uranium

View PDF Uranium Participation Corporation Reports Estimated Net Asset Value and Uranium Sales at December 31, 2020 (CNW Group/Uranium Participation Corporation) On the last trading day of December 2020, the common shares of UPC closed on the TSX at a value of CAD$4.91, which represents a 0.41% discount to the net asset value of CAD$4.93 per share.

On April 14, 2020, UPC announced that it had received approval from the TSX to acquire for cancellation, by way of a normal course issuer bid (‘NCIB’), up to 12,301,750 common shares of the Corporation, during the period from April 16, 2020 to April 15, 2021. During the month of December 2020, the Corporation repurchased 616,860 shares under the NCIB.

In addition, during the month of December 2020, the Corporation completed a transaction to sell the conversion component contained in 100,000 KgU as UF 6 for 261,285 pounds of U 3 O 8 and […]

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Uranium Energy Corp. logo Uranium Energy (NYSEAMERICAN:UEC) had its price target cut by HC Wainwright from $3.50 to $3.30 in a research report released on Thursday morning, Anlyst Ratings reports. They currently have a buy rating on the basic materials company’s stock.

Several other research firms have also weighed in on UEC. Roth Capital restated a buy rating and set a $2.40 target price (down previously from $2.90) on shares of Uranium Energy in a report on Thursday, November 12th. BidaskClub upgraded shares of Uranium Energy from a buy rating to a strong-buy rating in a report on Wednesday, December 30th. Finally, Canaccord Genuity began coverage on shares of Uranium Energy in a report on Wednesday, October 14th. They set a buy rating and a $1.50 target price on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has […]

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ASX uranium shares are once again becoming a hot topic. Somewhat ironically, investing in uranium miners is controversial in Australia. I say that because Australia is believed to have the world’s largest uranium resources. At least for resources that are recoverable at a reasonable cost. Yet with no nuclear power generation of its own, and no nuclear-powered naval vessels, many Aussie investors view uranium as a dangerous energy source best relegated to the last century.

Now there are good reasons to be cautious around uranium. It can, after all, be enriched for use in nuclear missiles. And the waste remains radioactive for many centuries.

On the flipside, however, uranium produces power without any carbon emissions. And in a world intent on de-carbonising without turning off the power, some analysts are forecasting a fresh bull run for uranium. The case for a 2021 uranium bull market

Ben Cleary is a portfolio manager […]

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Yellow cake or uranium concentrate is in a supply squeeze as mine production shuts down. Image: Getty share

Ranger uranium mine’s operator ERA has confirmed it has halted processing operations

BHP’s Olympic Dam and Quasar Resources’ Four Mile are Australia’s only operating uranium mines

ASX uranium explorers poised to benefit from Ranger’s closure The uranium market’s supply side tightened by another notch this week with Energy Resources of Australia (ASX:ERA) , a Rio Tinto subsidiary, halting uranium oxide processing at its Ranger mine site on Friday.The move at Ranger is in line with the mine’s planned gradual winding down of production over the past several years as it heads towards a permanent closure .“Uranium oxide processing at Ranger concludes today, January 8, as required by the Ranger Authority,” said ERA in an ASX statement.The company said it had enough stockpiled ore on its run-of-mine pad to support processing up […]

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VANCOUVER, British Columbia, Jan. 06, 2021 — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V:STND) (OTCQB:STTDF) (Frankfurt:FWB:9SU) is pleased to announce that it has received approval from the OTC Market Group Inc. to commence trading on the OTCQB Venture Market under the ticker symbol “STTDF” at the opening of the trading day on January 6, 2021. Standard Uranium’s shares will continue to trade on the TSX Venture Exchange.

The OTCQB offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

“Standard Uranium is excited to be listing on the OTCQB Venture Market. We believe a secondary listing on this market will provide the […]

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VANCOUVER, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P ) (the “Company”) is pleased to announce the remaining results from its 2020 fall diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake/McArthur River operations in the Athabasca Basin, Saskatchewan. In addition to the previously announced hole ML20-09 which returned 0.72% U3O8 over 17.5 metres from 271.5 metres to 289.0 metres, drillhole ML20-12 returned another broad zone of sandstone and basement-hosted uranium mineralization from 268.1 metres to 286.0 metres downhole. This intercept returned 0.28% U3O8 over 17.9 metres and contained a basal high grade basement intercept of 1.09% U3O8 over 2.5 metres. Up to 2.3% Cu was intersected in clay-altered lithologies nearly 100 metres below the unconformity in […]

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Energy Resources of Australia Limited (ASX: ERA) on Friday will end all uranium mining and processing at the mine completely surrounded by Kakadu National Park. The move comes 40 years after mining within the Northern Territory’s famous region started amid controversy. Uranium is used as fuel for nuclear power generation. The site of ERA’s Ranger mine had long been known to Indigenous peoples as a place that would cause radiation sickness.

The fierce public debate in the 1970s over extracting such a sensitive material from an environmentally and culturally significant area triggered many downstream impacts.

Among those was the very creation of the Kakadu National Park itself in 1979 in an attempt to protect the remaining area. Uranium mining started in 1980.

Since then ERA has produced more than 132,000 tonnes of uranium oxide from the Ranger mine.Majority shareholder Rio Tinto Limited (ASX: RIO) , which has endured its own controversy this […]

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Uranium Energy logo Uranium Energy Corp. (NYSEAMERICAN:UEC)’s share price rose 5.4% during trading on Wednesday . The company traded as high as $1.97 and last traded at $1.94. Approximately 3,997,883 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 3,699,494 shares. The stock had previously closed at $1.84.

UEC has been the subject of several research reports. Roth Capital reaffirmed a “buy” rating and set a $2.40 price target (down previously from $2.90) on shares of Uranium Energy in a research note on Thursday, November 12th. Canaccord Genuity initiated coverage on Uranium Energy in a research note on Wednesday, October 14th. They set a “buy” rating and a $1.50 price target for the company. Finally, BidaskClub raised Uranium Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 30th. One equities research analyst has rated the stock […]

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TSX SYMBOL: FCU OTCQX SYMBOL: FCUUF FRANKFURT SYMBOL: 2FU Fission Uranium Corp. is pleased to announce that it has appointed uranium mining expert, Gary Haywood P.Eng., as VP Project Development. Mr. Haywood is a professional Mining Engineer with 35 years’ experience, including seven years with Cameco as General Manager at the McArthur River and Senior Mine Engineer at the Eagle Point uranium mining operations in …

TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU

Fission Uranium Corp. (“Fission” or the “Company”) is pleased to announce that it has appointed uranium mining expert, Gary Haywood P.Eng., as VP Project Development. Mr. Haywood is a professional Mining Engineer with 35 years’ experience, including seven years with Cameco as General Manager at the McArthur River and Senior Mine Engineer at the Eagle Point uranium mining operations in Saskatchewan, Canada . He will be responsible for taking the lead […]

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In August, the US Democrats endorsed nuclear energy for the first time in 48 years as part of its ‘technology-neutral’ approach to decarbonising the power sector. After almost a decade of underinvestment, frailties in uranium supply are becoming evident. Peninsula Energy Ltd ( ASX:PEN ) received a speculative buy rating and a 15 cents per share risked price target from Canaccord Genuity in December.

Canaccord Genuity is the global capital markets division of Canaccord Genuity Group Inc ( TSE:CF ).

Canaccord sees the potential for a robust development opportunity for Peninsula’s Lance Projects in Wyoming, US assuming a recovery in uranium prices.

The following is an extract from Canaccord’s initiation report on Peninsula: US uranium leverage Peninsula Energy (PEN) is focused on transitioning to a low pH operation at its uranium Lance Projects located in Wyoming, US which currently has a Mineral Resource totalling 51Mt at 479ppm U3O8 for 53.6Mlb U3O8. […]

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Vancouver, British Columbia–(Newsfile Corp. – January 4, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV ) (OTCQB: CVVUF ) (FSE: DH7N ) ("CanAlaska" or the "Company") announces that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 3,245,000 common shares of the Company pursuant to the company’s share option plan. The options are exercisable for a period of two years at a price of $0.42 per share.

The Company has engaged Red Cloud Financial Services to assist CanAlaska with marketing, media outreach and other services. Red Cloud will assist the Company with expanding its contact network. The team at Red Cloud is well established in the capital markets, particularly in the mining industry. Red Cloud’s full-service approach to assist active mining and exploration companies supports CanAlaska’s prospect generator activities. The Company’s agreement with Red Cloud is for a […]

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Uranium Energy Corp. logo BidaskClub upgraded shares of Uranium Energy (NYSEAMERICAN:UEC) from a buy rating to a strong-buy rating in a research note published on Wednesday, BidAskClub reports.

UEC has been the topic of a number of other reports. Canaccord Genuity initiated coverage on Uranium Energy in a research note on Wednesday, October 14th. They issued a buy rating and a $1.50 price objective on the stock. Roth Capital reissued a buy rating and set a $2.40 price objective (down previously from $2.90) on shares of Uranium Energy in a report on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $2.10.

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NYSEAMERICAN UEC opened at $1.76 […]

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Ready and waiting…

That’s the best way to describe Western Uranium & Vanadium Corp. (CSE: WUC | OTCQX: WSTRF), a Colorado based uranium and vanadium conventional mining company focused on low cost near-term production of uranium and vanadium in the western United States. The market clearly sees the company that way as well, as the stock has doubled since early December on no apparent news.

Recall that the company is a ‘production ready’ miner with fully permitted mines in western Colorado and eastern Utah, USA. Their flagship project is the Sunday Mine Complex which consists of 221 unpatented claims on public lands covering approximately 3,800 acres. The complex contains 5 mines, including the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. The complex was most recently actively mined from 2007 to 2009.

During 2019, a mine re-opening project was implemented to identify high-grade […]

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Uranium Energy logo Jane Street Group LLC lessened its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 79.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,463 shares of the basic materials company’s stock after selling 120,859 shares during the quarter. Jane Street Group LLC’s holdings in Uranium Energy were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Uranium Energy in the third quarter valued at approximately $30,000. Advisor Group Holdings Inc. raised its position in Uranium Energy by 290.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 32,768 shares of the basic materials company’s stock valued at $28,000 after buying an additional 24,379 shares […]

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TORONTO, Dec. 31, 2020 /CNW/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML ) (NYSE American: DNN) is pleased to announce that today it has completed a non-brokered private placement of common shares that qualify as "flow-through shares" for purposes of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of CAD$0.86 per share, for gross proceeds of approximately CAD$930,000 (the "Offering"). View PDF version

The financing was priced on December 16, 2020 at a 17% premium to the then 5-day volume weighted average price ("VWAP") of the Company’s shares on the TSX. View PDF Denison Completes Private Placement of Flow-Through Shares for Proceeds of Approx. CAD$930,000 (CNW Group/Denison Mines Corp.) David Cates, President and CEO of Denison, commented, "This small financing was led by strong insider participation – […]

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