Category: Uranium

Summary

URA holds shares of the leading uranium producers.

Uranium’s price has been under pressure for years.

A shift in US energy policy could support uranium.A cheap and diversified ETF to position for a recovery in uranium.A bullish trend in URA since March. Looking for more investing ideas like this one? Get them exclusively at Hecht Commodity Report. Get started today » Uranium is a chemical element with the symbol U and atomic number 92. It is a silvery-grey metal in the actinide series of the periodic table. A uranium atom has 92 protons and 92 electrons, of which six are valence electrons. A valence electron is an outer shell electron that can form a chemical bond if the outer shell is not closed.Uranium is a primary ingredient in nuclear fuel used to generate electricity in nuclear power stations. Uranium is one of the most common elements in the earth’s crude, as […]

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Guy on Rocks is a Stockhead series looking at the significant happenings of the resources market each week.

Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his “hot stocks to watch”. Market ructions

There’s lots of news this week driving commodities prices.Iron ore continues its run up, reaching $US136 ($183) a tonne. And, as I said a couple of weeks back , the arrival of the cyclone season will likely see stronger prices in the near term.I note that Vale’s 2021 iron ore production guidance has come in around 315-335 million tonnes […]

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Toronto, Ontario–(Newsfile Corp. – December 3, 2020) – 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 flow-through units (the " FT Units ") at $0.40 per FT Unit for proceeds of $400,000 on December 4, 2020.

Each FT 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 (" Warran t") entitles the holder to purchase one (1) common share (a " Warrant Share ") at a price of $0.50 per Warrant Share June 4, 2022.

A finder will be paid $24,000 in cash and issued 60,000 broker warrants. Each broker warrant entitles the holder to acquire one (1) common share of the Company at a price of $0.40 until […]

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– Global Atomic Corporation (“Global Atomic” or the “Company”; TSX: GLO; Frankfurt : G12; OTCQX: GLATF) announced today that Stephen G. Roman President & CEO, will present live at VirtualInvestorConferences.com on Tuesday, December 8 th . (PRNewsfoto/OTC Markets Group (Investor Con) This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

The presentation will focus on the Company’s high-grade Dasa Uranium Project development in the Republic of Niger, West Africa , as well as the BST Zinc operation in Turkey. Highlights include:

DASA The highest-grade uranium project currently being developed in Africa

Assuming a uranium price of $35 /lb, the May 2020 PEA calculated a 26.6% after-tax rate of return Low capital […]

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(TheNewswire)

Saskatoon, Saskatchewan TheNewswire – December 2, 2020 UEX Corporation (TSX:UEX) (OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce that it has closed its previously announced “bought deal” private placement of an aggregate of 18,498,665 units of the Company (the “Units”) at a price of C$0.12 per Unit and 27,001,144 common shares of the Company that qualify as “flow-through shares (the “FT Shares”) at a price of C$0.14 per FT Share for gross proceeds of C$6,000,000, including the full exercise of the underwriters’ overallotment option (the “Offering”). The Units and FT Shares were offered and sold through a syndicate of underwriters led by Red Cloud Securities Inc. and included Sprott Capital Partners.

Each Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one half of one Common Share purchase warrant (each a “Warrant”). Each whole Warrant is exercisable into one […]

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Toronto, Ontario–(Newsfile Corp. – December 3, 2020) – Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the "Company" or "Appia") today reported that in November, 2020 there were significant price increases in the Rare Earth Elements ("REEs") . In their Oxide form ("REO") , the largest price increases have been in the costliest top six Oxides ranging from over 16% to over 47% by month end. The six include Neodymium, Holium, Neodymium-Praseodymium, Terbium, Praseodymium and Dysprosium.

On December 1, China announced the imposition of export controls, widely seen to be in retaliation for recent actions taken by the USA restricting the supply of electronic materials to China and for the ban on Huawei’s G5 broadband equipment.

The trade war between the USA and China is jeopardizing the availability of critical REEs and the Company’s Alces Lake project contains some of the highest-grade total critical REE mineralization […]

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Leigh Curyer commented "Todays changes reflect the next step in the planned progression of International Consolidated Uranium. Trevor and myself have overseen the transition of the Company into a leading consolidator of uranium projects globally and, now that it is firmly on that path, it’s time for the new board to oversee the business going forward. This coincides with NexGen moving through final feasibility and permitting in developing the world’s largest uranium project. I look forward to providing advice to the Company from my new role as a member of the Advisory Board."

Philip Williams, CEO commented "On behalf of all shareholders, I would like to thank both Leigh and Trevor for their dedication and contribution over the past years. Both were instrumental in the formation of the Company and were champions of the new business model, providing tremendous vision and tireless effort during the transition process. As a […]

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TORONTO, Dec. 2, 2020 /PRNewswire/ — Global Atomic Corporation ("Global Atomic" or the "Company"; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) announced today that Stephen G. Roman, President & CEO, will present live at VirtualInvestorConferences.com on Tuesday, December 8 th . (PRNewsfoto/OTC Markets Group (Investor Con) This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

The presentation will focus on the Company’s high-grade Dasa Uranium Project development in the Republic of Niger, West Africa, as well as the BST Zinc operation in Turkey. Highlights include:

DASA The highest-grade uranium project currently being developed in Africa

Assuming a uranium price of $35/lb, the May 2020 PEA calculated a 26.6% after-tax rate of return […]

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In addition, the Company has granted the Underwriter an option (the " Underwriter’s Option ") to purchase up to an additional number of FT Shares (the " Additional FT Shares ") equal to 15% of the FT Shares sold pursuant to the Offering, at a price per Additional FT Share equal to the Issue Price, by providing notice to the Company at any time up to 48 hours prior to the Closing Date (as defined herein).

The gross proceeds received by the Company from the sale of the FT Shares will be used to incur Canadian exploration expenses that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) on the Company’s properties in Saskatchewan (the " Qualifying Expenditures "). The Qualifying Expenditures will be renounced to the subscribers with an effective date no later than December 31, 2020, in the aggregate amount of not […]

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In a Nov. 25 research note, Haywood analyst Colin Healey reported that Azarga Uranium Corp. (AZZ:TSX; AZZUF:OTCQB) received Environmental Protection Agency permits, the last of the required major federal permits, for its Dewey Burdock in situ recovery (ISR) uranium project in South Dakota.

"With full federal level permitting complete, Azarga significantly derisks its position as the next potential U.S. uranium producer and increases its attractiveness as a mergers and acquisitions tuck-in candidate as it puts major impediments and milestones behind it," Healey wrote.

Healey reviewed the next steps for Dewey Burdock. The first is Azarga receiving the state permits it needs, and that process may resume now that the federal permit process is complete. Already the South Dakota Department of Environmental & Natural Resources has recommended the state permits be approved.

Once Azarga has the requisite state permits, indicated Healey, Dewey Burdock will be fully permitted and, thus, Azarga can make a […]

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Saskatoon, Saskatchewan – TheNewswire – December 2, 2020 – UEX Corporation (TSX:UEX) (OTC:UEXCF) (“UEX” or the “Company”) is pleased to announce that it has closed its previously announced “bought deal” private placement of an aggregate of 18,498,665 units of the Company (the “Units”) at a price of C$0.12 per Unit and 27,001,144 common shares of the Company that qualify as “flow-through shares (the “FT Shares”) at a price of C$0.14 per FT Share for gross proceeds of C$6,000,000, including the full exercise of the underwriters’ overallotment option (the “Offering”). The Units and FT Shares were offered and sold through a syndicate of underwriters led by Red Cloud Securities Inc. and included Sprott Capital Partners.

Each Unit is comprised of one common share in the capital of the Company (each a “Common Share”) and one half of one Common Share purchase warrant (each a “Warrant”). Each whole Warrant is exercisable into […]

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A new research study has been presented by Industrygrowthinsights.com offering a comprehensive analysis on the Global Uranium Hexafluoride Market where user can benefit from the complete market research report with all the required useful information about this market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report discusses all major market aspects with expert opinion on current market status along with historic data. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.

The Uranium Hexafluoride Market […]

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Over the past year, the Company’s technical team together with our feasibility study consultants, SRK Consulting (UK) Ltd (" SRK ") and SGS Bateman (Pty) Ltd (" SGS "), have been focused on metallurgical testing and engineering design work that have potential to significantly benefit the overall feasibility of the Madaouela Project. We have been working diligently to target areas that may reduce both operating and capital costs relative to the current technical report on the Madaouela Project(1) while at the same time working on reducing technical risk, with a focus on improving overall project economics.

Metallurgical test work has been ongoing at the technical teams’ offices in South Africa to verify initial results and to compare alternative trade-off options. Due to the novel logistical challenges associated with COVID-19 as well as transportation permit delays, the test work has taken longer than originally anticipated; however, we are pleased to report […]

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France, the world’s leading country in nuclear power, plans to retain its leadership in the global market into the future through the acceleration of building of new nuclear power capacities throughout the world and development of uranium projects.

Since the early 1960s France has achieved success by developing its nuclear power industry. At present, the country operates more than 60 nuclear power units, which together produce more than 400 billion kWh annually, or more than 75% of the total electricity generated in France. The industry provides local customers with electricity at prices significantly lower than in any other country in the EU.

In addition to the domestic market, a significant of part of electricity produced by French nuclear power plants is exported to neighboring countries, including Italy, Switzerland, Belgium, the United Kingdom, Spain and others.

France’s nuclear success is also due to stable supplies of uranium for its power plants. As France […]

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IsoEnergy Ltd. is pleased to report the final chemical assay results from the summer drilling program completed in late October at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company’s 100% owned Larocque East property in the Eastern Athabasca Basin of Saskatchewan . Highlights: South extension drill hole LE20-76 intersected 7.5m of uranium …

IsoEnergy Ltd. (” IsoEnergy ” or the ” Company “) ( TSXV: ISO ) (OTCQX: ISENF) is pleased to report the final chemical assay results from the summer drilling program completed in late October at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company’s 100% owned Larocque East property (the ” Property “) in the Eastern Athabasca Basin of Saskatchewan .

Highlights: South extension drill hole LE20-76 intersected 7.5m of uranium mineralization that averages 38.8% U 3 O 8 […]

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As the spot price of uranium holds steady for the month, an investment firm details bright prospects for the sector.

-Are we past the cyclical downturn for uranium?
-Five investment ideas
-The monthly spot price is unchanged

In the view of Australian investment firm Shaw and Partners, uranium markets are past the cyclical downturn driven by the Fukushima earthquake.A recovery is evidenced by spot uranium prices having increased 25% to US$30/lb this year due to supply-side discipline and inventory drawdowns, notes Shaw. The inertia that took hold after the US Section 232 petition, which was compounded by covid-19, is finally ready to be dislodged. In addition, Russian Suspension Agreement and US election uncertainty is now over.US and European utilities have the clarity and bandwidth to think about procurement. Shaw believes utilities will have to act in 2021 to cover a shortage of term contacts from 2023, given the two […]

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TORONTO, Dec. 1, 2020 /CNW/ – Purepoint Uranium Group Inc. (TSXV: PTU ) (the "Company") announced a non-brokered private placement (the "Private Placement") of up to 20,000,000 flow-through units (the "Flow-Through Units") at a price of $0.05 per unit for aggregate gross proceeds up to $1,000,000.00. Each Flow-Through Unit consists of one common share in the capital of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) and one common share purchase warrant. Each warrant entitles its holder to purchase one common share in the capital of the Company at an […]

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Uranium Energy logo BNP Paribas Arbitrage SA lifted its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 398.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,835 shares of the basic materials company’s stock after buying an additional 36,633 shares during the period. BNP Paribas Arbitrage SA’s holdings in Uranium Energy were worth $46,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its position in shares of Uranium Energy by 183.2% during the third quarter. Exchange Traded Concepts LLC now owns 709,028 shares of the basic materials company’s stock valued at $707,000 after buying an additional 458,661 shares during the last quarter. Bridgeway Capital Management Inc. boosted its position in Uranium Energy by 26.2% in the […]

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