Category: Uranium

RHJ Investment Thesis

Yellow Cake ( OTCQX:YLLXF ) is an investment vehicle focused on uranium, with its primary listing in the UK. I have covered the stock many times in the past, and those articles can be found here .

The stock together with other uranium equities, represented by the Sprott Uranium Miners ETF ( URNM ) in the chart below, had an excellent year. They have outperformed most broad equity indices by a wide margin. Figure 1 – Source: Koyfin Yellow Cake has recently seen a slight retracement, while the uranium spot price has mostly been unaffected by the weakness in the market. So, the stock is at the time of this writing trading with an attractive 12% discount to net asset value ("NAV"), which has led me to add the company back to my portfolio. In comparison, the Sprott Physical Uranium Trust ( OTCPK:SRUUF ) closed yesterday with […]

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TORONTO, Oct. 03, 2023 (GLOBE NEWSWIRE) — Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“ Platinex ” or the “ Company ”) is pleased to announce the creation of Green Canada Corporation (“GCC” or “Green Canada”) an unlisted subsidiary of Platinex. Concurrently, Platinex and GCC have entered into a binding letter of intent with International Prospect Ventures Inc. (“International Prospect Ventures”) (TSX-V: IZZ) to acquire a portfolio of exploration-stage uranium projects located in top jurisdictions in Canada (the “Uranium Portfolio”). Platinex has also assigned its option agreement on the Muskrat Dam Critical Minerals Project (“Muskrat Dam Project”) with Springer Mineral Resources Corporation (“Springer”) to GCC.

Platinex shareholders will participate as direct shareholders of GCC providing them with exposure to uranium and other critical minerals as Canada begins to experience increased global interest and investment in mineral exploration driven by the green energy transition. GCC is strategically positioned with an […]

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while the 36-month beta value is 1.94.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The average price point forecasted by analysts for Uranium Energy Corp (UEC) is $6.82, which is $1.97 above the current market price. The public float for UEC is 370.62M, and currently, short sellers hold a 9.89% ratio of that floaft. The average trading volume of UEC on October 03, 2023 was 6.88M shares.

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Toro Energy has launched an extension study at Lake Maitland. Credit: File Toro Energy has kicked off its Lake Maitland extension study, which will also include uranium-vanadium ore from its Lake Way and Centipede-Millipede deposits that sit some 30km south-east of Wiluna in Western Australia.

The company’s new assessment for the Lake Maitland processing operation that is a further 70km to the east, is aimed at adding considerable value to its original scoping study that projected an annual EBITDA of $101 million during a 17.5-year mine life. The previous study focused solely on Lake Maitland and management is now exploring the potential for increasing production and the life-of-mine.

It will include a pit optimisation of the Lake Way and Centipede-Millipede deposits and a pilot plant design to test a new processing flowsheet for both uranium and vanadium output in the form of uranium oxide yellowcake and vanadium-blend red cake.

Importantly, the study […]

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The uranium mining sector, which faced a significant downturn following the Fukushima nuclear accident in 2011, is showing signs of revival. This resurgence is driven by the growing global focus on climate change and the need for cleaner energy sources.

As nuclear energy gains renewed interest, especially from key political figures in the United States and rapid infrastructure developments in China, the demand for uranium is on the rise. The spot price of uranium recently surpassed US$65 per pound, marking its highest level since the Fukushima incident.

Estimates suggest that by 2030, the world’s nuclear reactors will require 79,400 tonnes of uranium, a substantial increase from the 62,500 tonnes needed in 2021.

The uranium market, however, also exhibits a similar of level complexity to the oil industry, where major producers such as Kazakhstan and Canada adjust production levels to influence prices. Therefore, the sector is likely to experience steady, incremental growth rather […]

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TORONTO, Oct. 03, 2023 (GLOBE NEWSWIRE) — Platinex Inc. (CSE: PTX) (OTCQB: PANXF, Frankfurt: 9PX) (“ Platinex ” or the “ Company ”) is pleased to announce the creation of Green Canada Corporation (“GCC” or “Green Canada”) an unlisted subsidiary of Platinex. Concurrently, Platinex and GCC have entered into a binding letter of intent with International Prospect Ventures Inc. (“International Prospect Ventures”) (TSX-V: IZZ) to acquire a portfolio of exploration-stage uranium projects located in top jurisdictions in Canada (the “Uranium Portfolio”). Platinex has also assigned its option agreement on the Muskrat Dam Critical Minerals Project (“Muskrat Dam Project”) with Springer Mineral Resources Corporation (“Springer”) to GCC.

Platinex shareholders will participate as direct shareholders of GCC providing them with exposure to uranium and other critical minerals as Canada begins to experience increased global interest and investment in mineral exploration driven by the green energy transition. […]

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Parradee Kietsirikul/iStock via Getty Images Investment Thesis

Sprott Uranium Miners ETF (NYSEARCA: URNM ) is exposed to U.S.-listed uranium miners. Here I discuss some of the advantages and disadvantages of investing in this space. I also discuss the key drivers behind URNM and how investors should think about the sectors’ tailwinds. Why Invest in the Uranium Space?

Uranium serves as the crucial fuel for nuclear energy, playing a pivotal role in supporting our transition towards a net-zero carbon future. Nuclear energy possesses a distinct advantage in providing a cost-effective, dependable, flexible, and scalable source of baseload power.

Unlike renewable sources like wind and solar, nuclear power generation does not rely on favorable weather conditions, making it highly reliable and available around the clock and during different seasons.Furthermore, its scalability ensures that we can meet increasing energy demands without the need for extensive grid modifications or costly energy storage solutions like […]

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Uranium prices are up significantly — but how much longer can that last?

What happened

Shares of uranium giant (and joint owner of Westinghouse Electric Company ) Cameco ( CCJ -5.22%) have been on a tear these past three months, surging by 34% from early July through Friday’s close.

On Monday, however, these shares took a breather from their long run upward, and were down by 5.2% as of the close of trading.So what’s worrying Cameco investors? The good news is that there’s no bad news — yet. The bad news is that bad news for nuclear energy stocks could be just around the corner. NYSE: CCJ CamecoToday’s Change(-5.22%) -$2.07Current Price$37.57 CCJ Key Data Points Market Cap$23BDay’s Range52wk RangeVolume11,284,6614,389,170Gross Margin11.90%Dividend Yield So what Cameco stock’s surge has accompanied — and indeed, ridden — a rising wave of higher prices for the uranium it mines. From early July through Friday’s […]

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The spot uranium price surged again last week as concerns were raised regarding shipments out of Russia.

-Russian uranium shipments halted
-Kazatomprom’s production increase
-More speculative buyers
-Too far, too fast?
The spot uranium market was rattled last week by reports of a Russian uranium shipment delay at the port of St Petersburg. Certain news outlets initially reported state nuclear group Rosatom had announced a halt to shipments of nuclear fuel to the US for reasons related to insurance.Rosatom responded to those reports by retracting its original announcement and stating, "The Rosatom State Corporation fulfills its obligations under the concluded contracts with foreign customers in full”.But questions were asked as to whether Rosatom was buying uranium from Western suppliers, which fed further speculation that Rosatom may be seeking alternate means to fulfill its deliveries. The Russian government has suspended shipments of other fuel exports, including oil and gas in […]

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Nuclear’s global renaissance, the impact of the US Inflation Reduction Act and the future supply of transition metals were all topics discussed at ETF Stream’s recent webinar in partnership with HANetf.

The webinar, titled The great power shift: Uranium, battery metals and the energy transition , started by assessing the factors behind the growing demand for nuclear power, including the increasingly tight supply of natural gas and coal on global markets.

John Ciampaglia, CEO and senior managing director at Sprott Asset Management, said factors such as rising geopolitical tensions are leaving countries vulnerable to supply shocks which could impact their energy production.

“Countries require huge quantities of natural gas and coal which they secure daily,” he said. “A nuclear power plant runs for two years continuously and people are starting to see the value of having a stable and reliable baseload of power as part of their energy mix.”Ciampaglia added the increasing […]

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Image source: Evgeny_V, shutterstock Highlights Australia registered AU$564 million of earnings from exports of uranium in FY21-22.

ASX-listed Deep Yellow is developing two projects in Tier-1 uranium jurisdiction.

Boss Energy is developing the Honeymoon Uranium project, among the few uranium projects ready to be a part of the new uranium bull market.

Australia is the third largest producer of uranium and has the largest uranium reserves globally, according to the Minerals Council of Australia. In the financial year 2021-22, Australia reported AU$564 million of earnings from exports.Uranium has significant potential for future growth as global energy trends bolster the advantages of nuclear generation, comprising reliable supply, low emissions and energy security.With this backdrop, let’s skim through two ASX-listed uranium companies – Boss Energy Ltd (ASX: BOE) and Deep Yellow Limited (ASX: DYL). Deep Yellow Limited ( ASX: DYL ) Deep Yellow is an energy company engaged in developing two […]

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Uranium Royalty Corp (NASDAQ:UROY) has a beta value of 1.74 and has seen 1.35 million shares traded in the last trading session. The company, currently valued at $288.06M, closed the last trade at $2.87 per share which meant it lost -$0.19 on the day or -6.21% during that session. The UROY stock price is -10.8% off its 52-week high price of $3.18 and 36.93% above the 52-week low of $1.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.68 million shares traded. The 3-month trading volume is 814.89K shares.

The consensus among analysts is that Uranium Royalty Corp (UROY) is a Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as […]

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Toronto, Ontario–(Newsfile Corp. – October 2, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (the "Company" or "Appia") would like to clarify for the market that the Company is unaware of any information relating to the Company that would account for the significant volume of trading and drop in the price of the Company’s shares that occurred on September 29, 2023.

Appia continues to focus its exploration activities both in Canada and Brazil, and will continue to deliver updates and results on a timely basis.

About Appia Rare Earths & Uranium Corp. (Appia)

Appia is a publicly traded Canadian company in the rare earth element and uranium sectors. The Company is currently focusing on delineating high-grade critical rare earth elements and gallium on the Alces Lake property, as well as exploring for high-grade uranium in the prolific Athabasca Basin on its Otherside, Loranger, North […]

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Vancouver, BC –News Direct– MarketJar The uranium market is in a nuclear upswing, with prices soaring by over 30% to a staggering 12-year high of $72 per pound. 1 But, the heat’s just getting started.

This remarkable upturn in prices can be attributed to a carefully orchestrated series of events, starting with a dwindling uranium supply and an ever-mounting global demand for cleaner energy sources.

But, at the heart of this spectacle is Sprott Physical Uranium Trust (TSX:U.UN) (OTC:SRUUF) , which is buying up supply at a record pace. In the last two years, SPUT, the world’s largest and only publicly-listed physical uranium fund, has more than doubled its uranium supply to nearly 62 million pounds.

SPUT’s buying spree is expected to continue indefinitely after the recent announcement of its at-the-market equity program, 2 which will see the firm issue up to US$125 million in trust units to acquire even more physical […]

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Picture: Getty Images share

Core delivers a maiden NPAT of $10.3m for FY23 on shipments of just 5423t of concentrate, 14,774t of direct shipped lithium ore

Another strong morning for yellowcake hopefuls as the uranium spot price pushes relentlessly through 15-year highs

Bowen Coal’s senior and subordinated lenders, Taurus Mining Finance and coal producer New Hope (ASX:NHC) have given it a stay on its debt repayment Here are the biggest small cap resources winners in early trade, Friday September 29. Core Lithium (ASX:CXO) Finniss lithium mine owner Core Lithium has faced a year from hell on the share market, down around 60% on a series of downgrades that didn’t do much to excite the market.Some things are effectively out of the control of the lone Territorian spodumene producer — lith prices are down well over 50% this year thanks to stalling demand growth in China.Others […]

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Why I care about a run on the uranium bank Happy weekend! I wanted to take this opportunity for some longer reading and pass along a report from Katusa Research I’ve been following about the uranium industry. I hear that yawn ? ! But as a trader (and an economist), it’s always important to know what’s going on with natural resources, the government and companies that have a stake in the game!

So put your feet up and your reading glasses on ?, and take a deep dive into the fascinating world of uranium!

September 29, 2023: A Run on the Uranium Bank Has Begun

By Marin Katusa of Katusa ResearchIn 2016, a member of the California State Lands Commission began advancing an effort to shutter the last remaining nuclear power plant in the state: Diablo Canyon.Diablo is the single-largest source of electricity in California, providing nearly 10% of its […]

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Seemingly out of nowhere, Yellow Cake PLC (AIM:YCA) is now firmly on the radar of analysts who are watching closely to see how the uranium investment company will continue to benefit from surging prices.

The uranium investor has grabbed the attention of analysts at investment banks including Bank of America and Liberum Capital after carrying out one of the largest placings of shares on the AIM segment of the London Stock Exchange this year, raising £103 million. Simple strategy

Liberum initiated coverage of Yellow Cake in its mining team, stating that its proposition of holding and storing uranium is the “simplest, cleanest exposure in the UK market to the upside in uranium”.

Over at BofA, the analysts reminded clients that Yellow Cake "is something of an unusual vehicle"."It is a listed company that gives investors exposure to uranium price movements. It doesn’t mine or process uranium. Instead, it raises equity to […]

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Seemingly out of nowhere, Yellow Cake PLC (AIM:YCA) is now firmly on the radar of analysts who are watching closely to see how the uranium investment company will continue to benefit from surging prices.

The uranium investor has grabbed the attention of analysts at investment banks including Bank of America and Liberum Capital after carrying out one of the largest placings of shares on the AIM segment of the London Stock Exchange this year, raising £103 million. Simple strategy

Liberum initiated coverage of Yellow Cake in its mining team, stating that its proposition of holding and storing uranium is the “simplest, cleanest exposure in the UK market to the upside in uranium”.

Over at BofA, the analysts reminded clients that Yellow Cake "is something of an unusual vehicle"."It is a listed company that gives investors exposure to uranium price movements. It doesn’t mine or process uranium. Instead, it raises equity to […]

Click here to view original web page at www.proactiveinvestors.com

Vancouver, BC, Sept. 29, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has engaged Resource Stock Digest (“RSD”), for a 6-month advertising and marketing program, commencing on October 1 st , 2023, for a total cost of USD $80,000 payable prior to commencement of the campaign. The services provided by RSD to the Company relate to interviews and content creation that is distributed to RSD’s subscriber base. The Company is an RSD Website Sponsor and will have a Featured Company Banner on the RSD website starting this month and will continue for the duration of the agreement.

Resource Stock Digest is owned and operated by Gerardo Del Real and Nick Hodge.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned […]

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Uranium Energy Corp (NYSE: UEC) stock price jumped to the highest level since April 2022 after the company published an encouraging annual report. The shares surged to a high of $5.72 in the premarket, ~150% above the lowest level in June. They have roared back by 1,543% from the 2020 lows. Uranium stocks are surging

Uranium stocks have been in a strong bullish trend in the past few months, helped by the rising demand . The closely followed Sprott Uranium Miners ETF (URNM) has risen in the past seven straight weeks and is now hovering at the highest point on record. It has soared by 580% from its lowest point on record. Similarly, the Sprott Physical Uranium Trust (SRUUF) rose to a record high of $18.24. This trend is mostly because of the rising uranium demand and the struggling supplies. The rally gained momentum recently after a coup in […]

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Vancouver, British Columbia–(Newsfile Corp. – September 26, 2023) – Basin Uranium Corp. (CSE: NCLR) (OTC Pink: BURCF) (FSE: 6NP) (" Basin Uranium " or the " Company ") announces that it intends to re-price a total of 2,503,306 post-Consolidation (defined herein) common share purchase warrants (the " Warrants "). The Warrants were originally issued pursuant to a non-brokered private placement, which closed in two tranches on October 19, 2022 and November 15, 2022.

The original exercise price of the Warrants was $0.25, but following the Company’s 4-to-1 share consolidation (the " Consolidation ")effected on June 26, 2023, the Warrants exercise price was adjusted to $1.00. 1,562,315 Warrants are currently due to expire on October 19, 2024 and 940,991 Warrants are due to expire on November 25, 2024. The Company intends to amend the exercise price of the Warrants from $1.00 to $0.35 effective September 27, 2023 (the " Proposed Amendment […]

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LAUNCHES CONCURRENT EQUITY OFFERING BACKED BY EXISTING CORNERSTONE INVESTORS

SASKATOON, SK and TORONTO, Sept. 27, 2023 /CNW/ – IsoEnergy Ltd. (" IsoEnergy ") (TSXV: ISO) (OTCQX: ISENF) and Consolidated Uranium Inc. (" Consolidated Uranium " or " CUR ") (TSXV: CUR) (OTCQX: CURUF) are pleased to announce that they have entered into a definitive arrangement agreement for a share-for-share merger of IsoEnergy and Consolidated Uranium (the " Arrangement Agreement "), pursuant to which IsoEnergy will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates (the " CUR Shares ") by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the " Arrangement " or the " Merger "). IsoEnergy Ltd. logo (CNW Group/IsoEnergy Ltd.) Under the terms of the Merger, Consolidated Uranium shareholders (the " Consolidated Uranium Shareholders ") will receive 0.500 of a […]

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Seemingly out of nowhere, Yellow Cake PLC (AIM:YCA) is now firmly on the radar of analysts who are watching closely to see how the uranium investment company will continue to benefit from surging prices.

The uranium investor has grabbed the attention of investment bank Liberum Capital Inc after carrying out one of the largest placings of shares on the AIM segment of the London Stock Exchange this year, raising £103 million.

Liberum’s analysts said the bank has initiated coverage of Yellow Cake in its mining team, stating that its proposition of holding and storing uranium is the “simplest, cleanest exposure in the UK market to the upside in uranium”.

Analysts expect the company’s share price to increase due to increasing recognition “of the importance of nuclear as a low-carbon, baseload energy source”.Uranium prices have risen by almost 40% since the start of the year and Liberum analyst Ben Davis forecasts they will […]

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-Both the Memorandum of Understanding (MOU) and the other additional customer discussions are focused on formalizing collaboration to develop a HALEU production facility. These discussions include providing financial support for the development of a production facility and the future supply of metric tons of HALEU.

-ASPI has created a new subsidiary, Quantum Leap Energy LLC (QLE), to focus on the development of Quantum Enrichment Process technology, with a goal to supply commercial quantities of HALEU for Small Modular Reactors by 2027 and Lithium-6 for Nuclear Fusion.

-Based on these discussions with potential customers, ~$30 billion of HALEU demand is already anticipated. -Quantum Leap Energy LLC operations are expected to be primarily funded by customers through investments and prepayments—ASPI is to consider plans for a future spin-off of the Quantum Leap Energy business to ASPI shareholders. WASHINGTON, Sept. 28, 2023 (GLOBE […]

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Clean TeQ Water Ltd has been awarded a contract by Heathgate Resources for the design and supply of a Clean-IX ® U-Column (design, supply, project management, and commissioning agreement) and associated equipment for its uranium processing plant in South Australia. Heathgate is a leader in the Australian uranium industry using low environmental impact in-situ recovery (ISR). Clean TeQ’s continuous ion exchange technology can deliver an increased uranium tenor and minimise water use to achieve this outcome, both improving the efficiency of the operation as well as sustainability.

The contract has a total value of around US$5.6 million. The preliminary design phase has already been completed as of the end of August 2023. The project has a 40-week delivery time from the commencement of the contract. Heathgate Resources will perform the installation which is anticipated to take six months. Commissioning of the plant will then take place over eight weeks following […]

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