Category: Uranium

The Peninsula Energy Ltd (ASX: PEN) share price is advancing today following the overnight United States Omnibus budget approval . During late morning trade, the Peninsula share price rose as high as 11.5 cents. However, the uranium mining company’s shares have since partially retreated to 11 cents, up 10% for the day.

Let’s take a look at what is moving the Peninsula share price today. What’s driving the Peninsula share price?

The Peninsula share price is on the rise today after the company advised the United States President Donald Trump signed off on the Omnibus budget bill. The approved spending package will see the US Department of Energy allocate US$75 million towards the establishment of a national strategic uranium reserve.

Under the American Nuclear Infrastructure Act (ANIA), the US Department of Energy will be restricted to only buy uranium recovered from facilities licenced by the Nuclear Regulatory Commission. This, in […]

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VANCOUVER, BC / ACCESSWIRE / December 31, 2020 / AZARGA URANIUM CORP. (TSX:AZZ) (OTCQB:AZZUF) (FRA:P8AA) ("Azarga Uranium" or the "Company") is pleased to announce that it has closed its previously announced over-subscribed bought deal prospectus offering of units of the Company (the "Offering"). Haywood Securities Inc. and Eight Capital (collectively, the "Underwriters") acted as co-lead underwriters of the Offering. Pursuant to the Offering, the Company issued a total of 30,000,000 units of the Company (the "Units"), at a price of C$0.20 per Unit for gross proceeds to the Company of C$6,000,000.

Each Unit consists of one common share in the capital of the Company (a "Common Share") and one half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share (a "Warrant Share") at a price of C$0.28 until 31 December 2022. The Units were offered by way of […]

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In last trading session, Uranium Energy Corp. (NYSE:UEC) saw 2,425,366 shares changing hands with its beta currently measuring 2.14. Company’s recent per share price level of $1.85 trading at $0.02 or 1.09% at ring of the bell on the day assigns it a market valuation of $370.25 Million. That closing price of UEC’s stock is at a discount of -9.19% from its 52-week high price of $2.02 and is indicating a premium of 81.08% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.42 Million shares which gives us an average trading volume of 2.13 Million if we extend that period to 3-months.

For Uranium Energy Corp. (UEC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 5 analysts covering the […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESAzarga Uranium CORP. is pleased to announce that it has closed its previously announced over-subscribed bought deal prospectus offering of units of the Company . Haywood Securities Inc. and Eight Capital acted as co-lead …

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Azarga Uranium CORP. ( TSX:AZZ )(OTCQB:AZZUF)(FRA:P8AA) (“ Azarga Uranium ” or the “Company”) is pleased to announce that it has closed its previously announced over-subscribed bought deal prospectus offering of units of the Company (the “Offering”). Haywood Securities Inc. and Eight Capital (collectively, the “Underwriters”) acted as co-lead underwriters of the Offering. Pursuant to […]

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December 30, 2020 ( Source ) — Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE:A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) is pleased to announce that it will be closing a non-brokered private placement (the “ Offering “) of 1,000,000 working capital units (the “ WC Units “) at $0.40 per WC Unit for proceeds of $400,000 on December 31, 2020.

Each WC Unit is priced at $0.40 and consists of one (1) common share and one-half (0.5) of a share purchase warrant. Each full warrant (“ WC Warran t”) entitles the holder to purchase one (1) common share (a “ WC Warrant Share “) at a price of $0.50 per Warrant Share until June 30, 2022.

Proceeds from the Offering are expected to be used for working capital.

All securities to be issued under the Offering will be subject to a statutory four month and one day hold period, […]

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Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy for low-carbon electricity generation as well as for other uses such as industrial heat applications and hydrogen production. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium production and exploration could affect available supplies. Timely investment in innovative mining and processing techniques would help assure that uranium resources are brought to market when they are needed.

These are among the main findings of the latest edition of Uranium – Resources, Production and Demand , also known as the "Red Book", an essential global reference prepared jointly on a biennial basis by the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA).

The 2020 edition of the Red Book presents the most recent review of uranium market fundamentals, based in large part on official government information, and offers a […]

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"The US uranium mining industry has the personnel and yellowcake processing plants on standby, and is ready to expand into new areas with discoveries that will provide hundreds of years of available uranium resources from a variety of secure sources," says Michael D. Campbell, chairman of the Uranium (Nuclear & REE) Committee of the Energy Minerals Division of the American Association of Petroleum Geologists (AAPG). "So let the drilling and processing begin." In the Uranium Committee’s latest report for the AAPG, Campbell notes that, over the past 40 years, uranium typically has been imported to the USA from Russia, China, Uzbekistan, Kazakhstan, Niger, Namibia, among other countries, but adds that efforts are currently under way to produce more of the fuel locally for utilities from "more secure sources", such as in the USA and, if necessary, from Canada and Australia. In his report – Beyond Hydrocarbons? The Rest of […]

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VANCOUVER, BC, Dec. 30, 2020 /CNW/ – International Consolidated Uranium Inc. (" CUR " or the " Company ") (TSXV: CUR) is pleased to announce that, further to its press releases from December 15, 2020, the Company has closed a non-brokered private placement financing of units of the Company (the " Units ") at a price of C$0.80 per Unit, for gross proceeds of C$5,500,000 (the " Offering "). Red Cloud Securities Inc. (" Red Cloud ") acted as a finder in connection with the Offering. International Consolidated Uranium Inc. logo (CNW Group/International Consolidated Uranium Inc.) Each Unit is comprised of one common share (" Common Share ") of the Company and one-half of one whole common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one Common Share for a period of three years from the closing of the […]

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Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Eight Capital and Canaccord Genuity Corp (collectively, the " Underwriters ").

Each FT Unit consisted of one common share of the Company to be issued as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the " Income Tax Act ") and one half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a " Warrant Share ") at a price of C$0.50 at any time on or before 5:00 pm on December 21, 2022. The Warrant Shares issued on exercise of the Warrants will not be "flow-through shares" for the purposes of the Income Tax Act.

The Underwriters received a cash commission of 6.0% of the gross proceeds of the […]

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While the uranium spot price continues in a narrow trading band, Cameco places its North Saskatchewan operations on care and maintenance

-Cameco suspends Cigar Lake operations
-Positive UK government nuclear initiatives
-Uranium spot price remains range-bound

Cameco, the world’s second largest uranium producer, suspended operations at its Cigar Lake Mine on December 14. This was after finding six positive covid cases in its North Saskatchewan operations.In an official statement, the company noted a "significant negative trend" in Saskatchewan case numbers, which has contributed to uncertainty over the mine’s operations. That uncertainty was attributed in part to a lack of access to qualified staff, due to a shrinking number of available workers resulting from self-isolation, absenteeism and pandemic-related disruptions to transportation.The company stated “Our deliveries to date have not been materially impacted by covid-19, nor do we expect there will be a material impact on our remaining 2020 deliveries.”Cameco CEO […]

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KELOWNA, BC, Dec. 8, 2020 /CNW/ – FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that it has filed a final short form base shelf prospectus with the securities commissions or similar regulatory authorities in each of the provinces and territories of Canada. The base shelf prospectus will allow Fission to offer up to C$60,000,000 of common shares, subscription receipts, units, debt securities, warrants and share purchase contracts from time to time over the 25 month period after the applicable Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.

The terms of any future offerings, if any, will be established at the time of such offerings. At the time any securities covered by the shelf prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with applicable Canadian securities […]

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Standard Uranium Ltd. is pleased to announce high-grade analytical results from the fall, 2020 site visit at its 15,770 hectare, 100% owned, Sun Dog Project previously known as the Gunnar Uranium Project. The three main target areas: Skye, Java and Haven have returned outcrop and boulder grab sample results with a high of 3.58% U 3 0 8 1.7% U 3 0 8 and 0.7% U 3 0 8 respectively. As noted in the July 15, 2020 news …

Standard Uranium Ltd. (“ Standard Uranium ” or the “Company”) (TSX-V: STND) (Frankfurt: FWB:9SU) is pleased to announce high-grade analytical results from the fall, 2020 site visit at its 15,770 hectare, 100% owned, Sun Dog Project (the “Project”), previously known as the Gunnar Uranium Project. The three main target areas: Skye, Java and Haven have returned outcrop and boulder grab sample results with a high of 3.58% U 3 0 […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Baselode Energy Corp. is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement offering to up to C$2.0M consisting of up to 5,000,000 flow-through units of the Company at a price of C$0.40 per FT Unit. Each FT Unit shall be comprised of one …

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Baselode Energy Corp. (” Baselode ” or the ” Company “) ( TSXV: FIND ) is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement offering to up to C$2.0M (the “Offering”), consisting of up to 5,000,000 flow-through units (the “FT Units”) of the Company at a price of C$0.40 per FT Unit. Each FT Unit […]

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ISOENERGY INC ( TSXV:ISO | OTC:ISENF ) Uranium Explorer IsoEnergy Drills Best Hole to Date

When cash is thin on the ground and businesses are going belly up, a cash rich company is worth its weight in gold. Here we have IsoEnergy Ltd ( TSXV:ISO | OTC:ISENF ) , a Uranium exploration and development company worth watching. With $11.8M in the bank, it’s a company well-funded and ready to rock. Final Summer Drill Results Delight!

ISOENERGY INC ( TSXV:ISO | OTC:ISENF )

IsoEnergy just announced it’s thrilled with its final chemical assay results from its summer drill program. It completed this program at the end of October, at its recently discovered Hurricane zone. This is an area of high-grade uranium mineralization, discovered on IsoEnergy’s 100% owned Larocque East property. The Hurricane zone is in the Eastern Athabasca Basin of Saskatchewan, Canada, where the company owns several assets.The most noteworthy of […]

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With clean energy on the rise and coal seemingly on its last legs, there’s plenty of talk about the power sources of the future. Uranium and the Global X Uranium ETF (URA) want to take part in that conversation.

URA seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Uranium & Nuclear Components Total Return Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the underlying index.

Investors are starting to embrace the URA story. Last Friday, the fund surged 7.12% on volume that was more than quadruple the daily average.

“Uranium stocks soared on Friday after House and Senate lawmakers revealed a compromise version of the annual National Defense Authorization Act. According to […]

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November 18, 2020, the Company has received approval from the TSX Venture Exchange (the " TSXV ") with respect to the option agreement with a private, arm’s length party (the " Vendor ") providing CUR with the option to acquire a 100%, undivided interest, in the Moran Lake Project (the " Property ") located in the Central Mineral Belt of Labrador, Canada (the " Option Agreement ").

Philip Williams, CEO, commented, "With the Moran Lake Option Agreement approved by the TSXV and the initial payment made, we have firmly established ourselves as a player in the Central Mineral Belt. At Moran Lake, the C Zone was the subject of significant past exploration and contains both uranium and vanadium resources. We believe the area, also home to Paladin Energy’s Michelin project, has the critical mass to one day support the development of a uranium mining operation, and the potential for […]

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Malibu, CA, United States (ABN Newswire) – Join Ellis Martin for a conversation with Jordan Trimble, the President and Chief Executive Officer of Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) a preeminent uranium and thorium exploration Company with projects located in the prolific Athabasca Basin of Saskatchewan, Canada which was ranked as the best mining jurisdiction to work in globally by the Fraser Institute in 2017.

Skyharbour Expands High Grade Maverick East Zone with Drill Results of 0.72% U3O8 over 17.5m including 1.00% U3O8 over 10.0m; Additional Assays are Pending.

The Company has been acquiring top tier exploration projects at attractive valuations culminating in five uranium properties totalling approx. 200,000 hectares throughout the Basin.

In July 2016, Skyharbour secured an option from Denison Mines (TSE:DML) to acquire a 100% interest in the Moore Uranium Project, now the flagship project, which hosts the high grade Maverick Zone.The Company is run by a strong management and geological […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESAzarga Uranium CORP. is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering Haywood Securities Inc. and Eight Capital have agreed …

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Azarga Uranium CORP. ( TSX:AZZ )(OTCQB:AZZUF)(FRA:P8AA) (“ Azarga Uranium ” or the “Company”) is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering (as defined below), Haywood Securities Inc. and Eight Capital (collectively, […]

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