Category: Uranium

kasezo Investment Thesis

Uranium Energy Corp. (NYSE: UEC ) has been on an upward trajectory, gaining about 91.69% over the last years and outperforming the S&P 500 by a margin of 70.79%. Seeking Alpha Despite the solid gain, I am bullish on this stock given its promising outlook backed by strong tailwinds. Further, from the technical standpoint, the upward trajectory is yet to show signs of a reversal, which adds to my bullish stance. The Technical Approach

Based on technical indicators, I find this stock to be in a strong upward momentum with no signs of a reversal. First off, the stock broke out of the wedge bullish pattern it has been forming since 2022. The breakout happened in July 2023, and it has been very solid, with no signs of a correction or consolidation. TradingView-Author Notably, the price broke above the resistance level of $6.55 which is a […]

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A uranium sample from Hook Lake, where Valor Resources now holds an 80 per cent stake. Valor Resources has secured an 80 per cent share of the highly-prospective Hook Lake uranium project in Canada, just two days after acquiring the 83-square-kilometre Frazer Lake lithium project across the country in Ontario.

The company today confirmed it had made the third and final “anniversary” payment to Skyharbour Resources to complete the Hook Lake deal. As part of a revised agreement, it was required to pay Skyharbour C$75,000 (AU$85,300) and issue it 31.75 million shares.

Hook Lake is in the Athabasca Basin in northern Saskatchewan – a region that has become widely known as being the world’s leading producer of high-grade uranium.

While the lithium price has retreated during recent times, the price of uranium has been running hard and recently surged to more than USD$100 (AU$154) per pound. The significant price lift has placed […]

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Source: Shutterstock Janus Henderson’s Darko Kuzmanovic expanded on his bullish outlook for several parts of the global commodities sector during a webinar on Wednesday.

Kuzmanovic, senior portfolio manager of Janus Henderson’s global natural resources team, has a 40-year track record in the space. His experience spans that of both a professional investor and a hands-on expert, with a metallurgical engineering background.

Decarbonisation is the overarching thesis of his view, with the push toward clean energy a multi-generational movement that’s only just beginning to play out.

“It will impact various sectors differently but it’s reducing the carbon footprint of the individual sectors and businesses. That will manifest in various ways, whether that’s energy transitions such as electric vehicles and fuel cells, clean energy, or sustainable farming,” Kuzmanovic said.Within this, the phenomenon of deglobalisation is also driving demand for commodities, as the Western developed world shifts its supply chains away from the long-held reliance […]

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A miner stands in front oh an excavator at a mine site One of the biggest trends in our share market in 2023 was the rise of ASX uranium shares . Thanks to a number of factors, mostly a rocketing uranium price, uranium shares had a cracking year last year.

Take popular uranium stock Paladin Energy Ltd ( ASX: PDN ). Paladin shares spent the first half of last year essentially going nowhere. But between June and September, the company rocketed by more than 100%.

That trend continued into 2024, with Paladin shares gaining another 42.5% between 1 January and 7 February.

The gains were even more pronounced with the Boss Energy Ltd ( ASX: BOE ) share price. The period from March 2023 to February 2024 has seen the Boss Energy share price rise more than 200%.But given the scope of these delightful share price rises, some investors might be thinking […]

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FULL DISCLOSURE: This is sponsored content for Anfield Energy.

A recent report by Red Cloud suggests significant growth and positive prospects for the uranium sector, attributing the rise in prices to a combination of factors, including increased public acceptance of nuclear power, improved economics, and the need for a secure supply.

“Given the recent divergence of spot prices and term prices in the uranium market, we introduce LT spot price assumptions of US$120/lb for 2024, US$135/lb for 2025, US$150/lb for 2026 and US$175/lb in 2027,” the report said, arguing that “current uranium prices are still just half of previous highs when considering inflation.”

Red Cloud’s updated uranium price assumptions reflect a bullish outlook, with spot and term price forecasts indicating significant growth potential. The divergence between spot and term prices, reminiscent of the market dynamics observed between 2007 and 2020, underscores the current market volatility and the potential for further price […]

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Cosa Resources Corp NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) — Cosa Resources Corp. (TSX-V: COSA ) (OTCQB: COSAF ) (FSE: SSKU ) (“ Cosa ” or the “ Company ”) is pleased to announce that, in connection with its previously announced bought deal private placement offering (the “ Offering ”), it has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and a syndicate of underwriters (collectively, the “ Underwriters ”) to increase the size of the Offering to: (i) 2,128,000 hard dollar units of the Company (the “ Hard Dollar Units ”) at a price of C$0.47 per Hard Dollar Unit (the “ Hard Dollar Issue Price ”), and (ii) 7,704,000 charity flow-through units of the Company (the “ Charity FT Units ”, and together with the Hard Dollar […]

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FireFox Gold KELOWNA, BC, Feb. 12, 2024 /CNW/ – FISSION URANIUM CORP. (" Fission " or the " Company ") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 63,560,000 common shares of the Company (the " Common Shares ") at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the " Offering ").

Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., Haywood Securities Inc., Eight Capital, Red Cloud Securities Inc. and H.C. Wainwright & Co., LLC (collectively, the " Underwriters ").

The net proceeds from the Offering will be used by the Company to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.

The Offering was completed pursuant to a prospectus supplement to the Company’s […]

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“Historically services inflation typically runs above goods price inflation,” said Ms Bullock. “So we don’t necessarily need services inflation to be at the mid-point of our current range to meet our target we do need it to be a little lower than it currently is to meet our target [of price stability],” said Ms Bullock.

10.08AM – Feb 9, 2024 Shares add 0.1pc; Boral jumps

Tom Richardson

The S&P/ASX 200 traded up 0.1 per cent to 7645.4 points in early trade, with building materials business Boral surging 11.1 per cent after it lifted its profit guidance for financial 2024.A late rally on Wall Street took the S&P 500 above 5000 points for the first time in history to a high of 5000.40 points. At the close North America’s benchmark index retreated slightly to finish up 0.06 per cent at 4997.91 points. The Nasdaq added 0.24 per cent to 15,793 points.The […]

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February 12, 2024 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s special edition of Exploring Mining Podcast , featuring an exclusive interview with host Cali Van Zant talking to Ur-Energy Inc. ( NYSE:URG ) ( TSX:URE ) and its Chairman and CEO, John Cash.

Listen to the podcast on Investorideas.com

https://www.investorideas.com/Audio/Podcasts/2024/021224-Mining-Ur-Energy.mp3 Exploring Mining Podcast Interview with Ur-Energy Inc. CEO – The Power of Possibilities with a Producing Uranium Mine

SHARE PODCAST: Listen to Exploring Mining podcast on iTunes Apple podcasts Listen to Exploring Mining on Spotify Happy early Valentine’s Day to all our listeners! Investor Ideas has a special treat for you this month. We’re diving into Uranium stocks and highlighting some great juniors in North America.Investor Ideas starts off with John Cash, CEO and Chairman of Ur-Energy Inc. ( NYSE:URG ) ( TSX: URE ). He speaks about his career […]

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

KELOWNA, BC, Feb. 12, 2024 /CNW/ – FISSION URANIUM CORP. (" Fission " or the " Company ") is pleased to announce that it has closed its previously announced "bought deal" public offering consisting of 63,560,000 common shares of the Company (the " Common Shares ") at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the " Offering "). Fission Uranium Corp. Logo (CNW Group/Fission Uranium Corp.) Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., Haywood Securities Inc., Eight Capital, Red Cloud Securities Inc. and H.C. Wainwright & Co., LLC (collectively, the " Underwriters ").

The net proceeds from the Offering will be used by the Company to fund exploration and development of the PLS project, as well as for […]

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By Michael Philipps

February 12, 2024 — 5.12pm

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Add articles to your saved list and come back to them any time. Listen to this article8 minWith uranium prices at 16-year highs, many ASX-listed juniors that have been lovingly warehousing their uranium projects through the difficult pricing periods are set to take centre stage.And Marmota’s Junction Dam project in South Australia looks like it will be in the vanguard of the resurgence given its exquisite location in one of the few uranium-producing regions in the nation. ASX-listed Marmota is poised to restart exploration at its Junction Dam uranium project in South Australia. Credit: ‘Supplied Sitting alongside Boss Energy’s Honeymoon mine – one of only four permitted uranium mines in Australia – Junction Dam is perfectly located to benefit from the sudden rise of uranium and the new energy […]

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By Andrew Duffy

February 12, 2024 — 5.13pm

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Add articles to your saved list and come back to them any time.The owner of the only conventional uranium mill in the United States, Energy Fuels, is proposing to plunge $206 million into Astron Corporation’s Donald project in Victoria that boasts the biggest zircon deposit on the planet and a serious endowment of both light and heavy rare earth elements that is one of the largest outside of China.Mining approvals are in place at the project and the definitive feasibility study just for phase one shows an after-tax NPV (net present value) of a whopping $852 million. Astron Corporation drilling in Victoria. Notably, the project that sits in Victoria’s Murray-Darling Basin about 250km north-west of Melbourne, is expected to spit out $3.87 billion in free cash during its initial […]

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VANCOUVER, British Columbia, Feb. 12, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that it has signed a term sheet (the “ Term Sheet ”), dated February 9, 2024, with ATCO Mining Inc. (CSE: ATCM) (the “ Optionee ”), an arms-length party. Pursuant to the Term Sheet, the Optionee will be granted the option (the “ Option ”) to acquire a seventy-five percent interest in the 3,061-hectare Atlantic Project (the “ Project ”) located in the eastern Athabasca Basin (Figure 1).

The Option is exercisable by the Optionee completing cash payments and share issuances, and incurring the following exploration expenditures on the Project: Consideration Payments Consideration Shares* Exploration Expenditures Operator Fees Year 1 $110,000 $150,000 $1,300,000 $130,000 Year 2 $120,000 $300,000 $2,000,000 $240,000 Year 3 $200,000 $300,000 $3,000,000 $360,000 Total $ 430,000 […]

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VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that, further to its news release dated January 23, 2024, it has closed a non-brokered private placement (the " Offering ") for aggregate gross proceeds of C$3,883,821.90, from the sale of the following: 4,779,460 Federal flow-through units of the Company (each, an “ FFT Unit ”) at a price of C$0.32 per FFT Unit on a charity flow-through basis;

4,248,318 Saskatchewan flow-through units of the Company (each, a “ SFT Unit ”) at the price of C$0.36 per SFT Unit on a charity flow-through basis; and

3,750,001 units of the Company (each, a “ Unit ”, and together with the FFT Units and the SFT Units, the “ Offered Securities ”) at a price of C$0.22 per Unit.

Each FFT Unit consists of […]

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While I miss being able to share our afternoon note on LW in its entirety, here is a snippet we discussed today on why Uranium stocks fell… Canadian based Uranium company Cameco (CCJ US) which we recently sold in the International Equities Portfolio fell 7% overnight on their quarterly production numbers and that sent the Uranium sector in Australia sharply lower today i.e. Boss Energy (BOE) -12.69, Paladin (PDN) -7.02% and Peninsula (PEN) -6.9%. The decline in local stocks is understandable while it’s also a sign that investors are sitting on one side of the canoe here, making stability an issue.

We’ve been (still are) Uranium bulls in the medium/long term, but short term the market has gotten out of whack for a few reasons with Cameco an important cog in our thinking. Cameco has sales contracts of about 29Mlb/yr out to 2027 at an average price of […]

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Source: Shutterstock Key Points

Uranium prices have fallen sharply after Cameco Corporation’s fourth quarter results

ASX Uranium stocks have plunged today in response, with many sporting double-digit declines

The charts indicate significant pressure on short term trends against still-strong long term trends On Thursday, the world’s largest publicly listed producer of uranium, Cameco Corporation (NYSE: CCJ) , delivered its fourth-quarter earnings report. Cameco enjoyed a major reversal in fortunes on the back of surging uranium prices, delivering earnings per share (EPS) of US$0.21 for the quarter compared to US$0.09 for previous corresponding quarter. The consensus among analysts heading into the announcement was US$0.22.Uranium production of 17.6 million pounds was lower than previous guidance, and forecast production would be negatively impacted by ongoing issues with the supply of sulphuric acid at its 40% owned Inkai uranium mine in Kazakhstan (60% Kazatomprom).Looking forward, Cameco expects it will produce 36 million pounds […]

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"I want those uranium gains back… and put some Me-damned pants on, for my Son’s sake." Pic via Getty Images. share

The lord gives with one hand and takes with the next, a karmic lesson on the circular nature of fortune and misfortune that uranium bag holders will be feeling with distinct sobriety today.

Kazatomprom’s news it would face supply challenges had yellowcake spruikers howling last week …

Only for its western challenger Cameco to make big noise overnight about plans to dramatically ramp up production ‘when the time is right’.Production volumes from the Canadian major’s operations lifted 69% in 2023 to 17.6Mlb, with sales volumes up 25% to 32Mlb.Average realised prices lifted 11% to US$49.76/lb and 22% YoY to US$52.35/lb in the December quarter as spot prices started to surge higher — noting that uranium is largely sold on long term contracts to utilities.That saw Cameco nearly quadruple net earnings […]

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VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that, further to its news release dated January 23, 2024, it has closed a non-brokered private placement (the “ Offering “) for aggregate gross proceeds of C$3,883,821.90, from the sale of the following: 4,779,460 Federal flow-through units of the Company (each, an “ FFT Unit ”) at a price of C$0.32 per FFT Unit on a charity flow-through basis;

4,248,318 Saskatchewan flow-through units of the Company (each, a “ SFT Unit ”) at the price of C$0.36 per SFT Unit on a charity flow-through basis; and

3,750,001 units of the Company (each, a “ Unit ”, and together with the FFT Units and the SFT Units, the “ Offered Securities ”) at a price of C$0.22 per Unit.

Article contentArticle contentEach FFT Unit […]

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The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors that will “persist for years to come”.

Unlike historical spikes triggered by isolated events, the uranium market is undergoing “more than just a moment”. “Instead, we are seeing full-cycle growth in the near, mid and long term with broad interest in nuclear energy like never before,” he said on a conference call.

Gitzel stated that geopolitical tensions were prompting governments to re-evaluate energy security and enact policies to reduce risk and eliminate reliance on unstable jurisdictions. At the same time, climate change and electron accountability remained top of mind. “There is a growing consensus that there is no net zero without nuclear , and 28 countries have now signed on to an international declaration that calls for a tripling […]

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VANCOUVER, British Columbia, Feb. 09, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the acquisition by staking of the Harrison uranium exploration project in the southwest Athabasca Basin region, northern Saskatchewan. Additionally, the Company has expanded the Ascent project by 3,728 hectares, effectively doubling the project size.

With the addition of the Harrison project and expansion of the Ascent project (as described below), the Company now has ownership interests in eleven exploration properties, totalling over 209,867 acres across the uranium-rich Athabasca Basin (Figure 1).

Key Highlights: Addition of the Harrison project – targeting high-grade 1 uranium mineralization in the southwest Athabasca uranium district

Harrison covers several kilometres of untested conductors coincident with magnetic low trends and key structural geology attributes Ascent project doubled in size, covering 7,464 hectares of the […]

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While I miss being able to share our afternoon note on LW in its entirety, here is a snippet we discussed today on why Uranium stocks fell… Canadian based Uranium company Cameco (CCJ US) which we recently sold in the International Equities Portfolio fell 7% overnight on their quarterly production numbers and that sent the Uranium sector in Australia sharply lower today i.e. Boss Energy (BOE) -12.69, Paladin (PDN) -7.02% and Peninsula (PEN) -6.9%. The decline in local stocks is understandable while it’s also a sign that investors are sitting on one side of the canoe here, making stability an issue.

We’ve been (still are) Uranium bulls in the medium/long term, but short term the market has gotten out of whack for a few reasons with Cameco an important cog in our thinking. Cameco has sales contracts of about 29Mlb/yr out to 2027 at an average price of […]

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

We capped off a volatile week with a 5.6 point gain, but a 54.6 point loss for the week.

It was a mixed bag in terms of performance, with technology and telecommunications stocks faring the best, and utilities and energy the worst.

By far the biggest moves on the day were in uranium stocks which saw numerous double-digit losses as global uranium giant Cameco spooked the market with plans of increased production.

At the other end of market fortunes, in lithium and battery metals stocks, there appears to be more than just a little short covering action going on as eluded to in yesterday’s Evening Wrap…which is of course the best ASX evening wrap in the world!Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 9 Feb 2024 ASX 200 Session ChartThe S&P/ASX200 ( XJO ) finished 5.6 points higher at 7,644.8, roughly at the mid-point of the session’s range. […]

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VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( “ Skyharbour ” or the “ Company ”) is pleased to announce plans for partner company Tisdale Clean Energy Corp.’s (“Tisdale”) upcoming work program at the South Falcon East Uranium Project which hosts the Fraser Lakes B uranium deposit. The South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake uranium mill and former mine. Tisdale entered into an option agreement with Skyharbour that was finalized last year (see news release dated January 25 th , 2023) whereby Tisdale can earn up to a 75% interest in the South Falcon East project. Under the Option Agreement and assuming the 75% interest is earned, Tisdale will have issued Skyharbour 1,111,111 Tisdale shares upfront, and will fund […]

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HIGHLIGHTS ATHA has successfully obtained executed resolutions approving the Transactions (as defined below) from shareholders of ATHA holding greater than 50% of the issued and outstanding common shares of ATHA.

Latitude has commenced mailing of its management information circular and related materials.

The 92E scheme process is progressing in accordance with the previously disclosed timetable.

Article contentVANCOUVER, British Columbia, Feb. 07, 2024 (GLOBE NEWSWIRE) — ATHA Energy Corp. ( CSE: SASK ) ( FRA: X5U ) ( OTCQB: SASKF ) (“ ATHA ”) is pleased to provide another update on its previously announced proposed acquisition transactions (together, the “ Transactions ”) with Latitude Uranium Inc. (CSE: LUR) (“ Latitude ”) and 92 Energy Limited (ASX: 92E) (“ 92E ”) further to its press releases dated December 7, 2023 and January 25, 2024.Article contentATHA is pleased to announce that in accordance with the policies of the Canadian Securities Exchange (the […]

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Uranium ETFs can offset company-specific risks by grouping different stocks into one ticker symbol. In late January, Canadian uranium miner Denison Mines Corp. (ticker: DNN ) and its joint venture partner, French nuclear fuels company Orano, announced that they will restart a uranium mine that has been idled since 2008.

Sixteen years ago, declining uranium prices meant the economics of the mine didn’t make sense. Now, with uranium prices having roughly doubled over the past year, they do.

The companies plan to use a new mining method that takes less time to ramp up, but even then they don’t expect commercial production to start until 2025, highlighting one of the bottlenecks to increasing supply even while demand increases.

The nuclear fuel is being called upon to generate a greater amount of electricity as the globe tries to wean itself from fossil fuels. "Many countries have seen the upside to having nuclear generators […]

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