Category: Uranium

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The ASX attempted to follow the recovery that played out from weakness over the past two sessions, but it was all too much today, weighed by selling across the IT & Resources sectors as China heads towards a week of national holidays, starting on the 29 th . The ASX 200 finished down -38pts/ -0.54% to 7038.

The Healthcare sector was best on ground (+1.08%) while Financials (+0.14%) was the only other sector to track higher. IT (-1.93%), Materials (-1.66%) & Property (-1.35%) fought it our for the wooden spoon. WEBINAR TOMORROW : REGISTER HERE – We are covering Resmed (RMD) + the other ‘unloved’ areas of the market – @ Midday. Qantas ( ASX: QAN ) -1.34% fell after CLSA became the first major broker to put a […]

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Adavale has applied to expand its Mundowdna project for another 591km2

The Mundowdna project area has significant paleochannels that are highly prospective for uranium

Uranium prices are going through the roof, as nuclear energy is seen as vital to our clean energy transition

With the need for nuclear energy back into the fore of our clean energy transition, uranium explorer Adavale Resources is increasing its highly prospective uranium footprint in South Australia’s Flinders Ranges. Adavale Resources (ASX:ADD) is adding tenure to the south of its existing Mundowdna uranium project area after submitting applications for the ELA2023/00043 tenements which adjoin the south of its existing EL6821 licence which was approved late last year.The licence will add 591km2 to the Mundowdna project area, taking its tenure up to a whopping 1,669km2.EL6821 was acquired based on geological and geophysical similarities to its Lake Surprise project which has identified uranium in the […]

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Mr. Simon Cheng reports:

(FWB:33H2) announces its ongoing review of technical datasets from the Company’s wholly owned Carter Lake Uranium Project. Situated on the prolific west side of the Athabasca Basin, this project holds immense promise for contributing to a cleaner, greener energy future. The comprehensive review includes geophysical and geological data, and notably, ground-sourced radon gas emission data—an essential vector for detecting the presence of uranium. These efforts will yield well-defined exploration targets, providing a clear path forward for upcoming programs.

In an era marked by a growing global commitment to environmental sustainability, uranium has taken center stage as a crucial element in the transition to a cleaner power grid. This year has seen a notable uptick in uranium prices, reflective of heightened interest and investment in the sector. As the world takes significant steps towards a more sustainable and environmentally responsible energy landscape, nuclear power is poised to play […]

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Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – September 25, 2023) – Strathmore Plus Uranium Corporation (TSXV: SUU) (OTCQB: SUUFF) (" Strathmore " or " the Company ") is pleased to announce it has received a drilling and exploration permit from the State of Wyoming for its flagship Night Owl project in the Shirley Basin uranium district. The permit is for a 30-hole drill program totaling 3,000 feet, commencing the first week of October.

The drilling is planned to confirm the extent of the surface and shallow mineralization that has never been widely explored by drilling in the past.

David Talbot of Red Cloud Securities, who visited the project recently commented, "As we set foot on Strathmore Plus Uranium’s Night Owl site, the opportunity for "re-discovery" of intriguing and distinctive uranium mineralization was evident. In proximity to historical trench and pit excavations, we discerned signs of radioactivity. Our initial assessment […]

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© Reuters. The uranium price is back on the boil, and companies and markets are adjusting accordingly The uranium mining sector took a huge hit after the Fukushima nuclear accident in Japan in 2011, and has still yet fully to recover.

But the world has other pressing issue to contend with: climate change, and pulling billions of the world’s poor out of poverty.

Nuclear can help with both and, after a suitable post-Fukushima time-lag, it’s coming back into fashion.

All the main candidates for US President in next year’s election are pro-nuclear, except for Robert Kennedy Junior.Donald Trump is in favour, and incumbent Joe Biden can’t afford to undermine his green credentials by switching out of nuclear to oil or other more carbon-intensive energy sources. Ron De Santis told reporters in February that nuclear was the cleanest source of power “of all.”Over in China, they’re building nuclear power stations by the dozen, […]

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It’s been an energetic day so far for small uranium explorers, with 1AE, EL8 and CXU firing

Armada Metals also had the spinnaker up early, on the back of a $1.2m capital-raising tailwind

Here are the biggest small cap resources winners in early trade, Monday September 25. Aurora Energy Metals (ASX:1AE)

(Up on no news, except: ‘uranium’ ) This uranium and potential lithium explorer had nothing fresh to report to shareholders and the ASX this morning, but it seems to be well up, along with a few other competitors, on the growing uranium narrative.With a current market cap of nearly $24m, Aurora is focused on the exploration and development of its namesake project in Oregon, USA, which hosts a defined uranium resource of 107.3Mt at 214ppm U3O8 for 50.6Mlbs U3O8 – and is also prospective for lithium.A scoping level metallurgical testwork program is currently underway using samples from […]

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Drilling returns up to 0.27% U3O8 at the Geikie project in Athabasca Basin

Elevated lead isotope anomalies and extensive hydrothermal alteration indicates potential for ‘major uranium mineralising system’

Results from airborne gradient gravity survey to help targeting for Phase 2 drilling

Uranium is now up past the US$70/lb price point Maiden drilling at Basin’s Geikie project in Saskatchewan, Canada, has intersected anomalous uranium in four of the eight holes with other data indicating that a major mineralising system might be present. The company couldn’t have timed the discovery any better as prices surge, with Numerco noting the U3O8 – or yellowcake – is currently commanding US$71.00/lb.Sprott Asset Management added that the uptrend in uranium price underscores the sector’s strengthening fundamentals and signals that future supply will hinge on the revival of dormant mines and the inception of new mining projects.And providing new supply is exactly what Basin Energy (ASX:BSN) […]

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You won’t find this bloke in our bargain barrel, but you will find Uranium stocks. Picture: Getty Images You don’t have to go big to enter the bullish uranium scene. Reach into Stockhead’s bargain barrel for promising stocks with sub-$40m market caps.

Nuclear industry forecasters are more bullish than they’ve been in years, with spot uranium prices hitting a decade high of $US67/lb this week.

On the demand side, there’s a forecasted supply shortfall of about 1.5 billion pounds by 2040.

The World Nuclear Association (WNA) and price reporter Ux Consulting say in bullish reports that new operations will be desperately needed, with uranium demand from nuclear power plants to almost double by 2040.Countries which had been less than enthusiastic on nuclear are looking to approve new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants. For the latest mining news, sign up here […]

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Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Please send tips, or feedback, to isabel.wang@marketwatch.com or to christine.idzelis@marketwatch.com. You can also follow me on Twitter at @Isabelxwang and find Christine at @CIdzelis .

Sign up here for our weekly ETF Wrap.

Exchange-traded funds that invest in uranium-related stocks have skyrocketed this year, as prices for the heavy metal widely used for nuclear power hover at the highest since the 2011 Fukushima disaster in Japan, and tight supplies and surging demand could mean prices will rise further, said market and mining analysts.The largest uranium-focused fund, the Global X Uranium ETF which has over $2 billion under management since its launch in 2010, has climbed […]

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Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Please send tips, or feedback, to isabel.wang@marketwatch.com or to christine.idzelis@marketwatch.com. You can also follow me on Twitter at @Isabelxwang and find Christine at @CIdzelis .

Sign up here for our weekly ETF Wrap.

Exchange-traded funds that invest in uranium-related stocks have skyrocketed this year, as prices for the heavy metal widely used for nuclear power hover at the highest since the 2011 Fukushima disaster in Japan, and tight supplies and surging demand could mean prices will rise further, said market and mining analysts.The largest uranium-focused fund, the Global X Uranium ETF which has over $2 billion under management since its launch in 2010, has climbed […]

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RHJ Thesis

Uranium is the most asymmetric and credible investment idea for the next few years, in my humble opinion. The uranium market is esoteric and dominated by a few countries and several enterprises. Most of them are private-public partnerships and, thus, are not available for us mere mortals to invest in. Apart from junior miners, we have a handful of excellent companies to bet on rising uranium prices. NexGen Energy (NYSE: NXE ) is such a case. It is developing one of the best uranium deposits in the world located in Canada with outstanding grade and AISC below $25/lb.

NXE’s balance sheet is neat and clean, while the share dilution is kept to a minimum. Buying one NXE share as an investor, you receive 0.72 pounds of uranium, or three times more than DNN with 0.22 lb per share. The uranium bull market is in its first innings, […]

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Although it’s a controversial issue for obvious reasons, investors may nevertheless want to consider loading up on uranium stocks. For one thing, nuclear energy appears to be making a comeback.

According to a recent Reuters report, demand for uranium reactors may jump by 28% by 2030. Ten years later, this stat might nearly double as governments accelerate their nuclear energy capacities to meet zero-carbon targets. That’s right, the underlying industry for all its drama represents a clean energy source , at least from an emissions sense.

Second, a societal shift may be occurring as well. According to a Pew Research Center report, a growing share of Americans favor more nuclear power . Further, this rising trend is evident among both Democrats and Republicans. Finally, it’s something we can all agree on. With that, below are uranium stocks to buy based on the nuclear energy resurgence.

InvestorPlace – Stock Market News, Stock […]

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Nuclear industry forecasters are more bullish than they’ve been in years with spot uranium prices hitting a decade high of US$67/lb this week.

On the demand side, there’s a forecasted supply shortfall of approximately 1.5 billion pounds by 2040.

When you take that into consideration, the bullish reports from the World Nuclear Association (WNA) and price reporter Ux Consulting make sense when they say new operations will be needed to fill uranium demand from nuclear power plants will almost double by 2040.

Not to mention that countries which had been less than enthusiastic on nuclear are looking to sanction new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants.There’s a lot of crap down the cheap end of the bourse. There are also some absolute gems that, with a little polishing, could shine.“It’s much easier to get a 10,000 bagger if you […]

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You won’t find this bloke in our bargain barrel, but you will find Uranium stocks. Picture: Getty Images You don’t have to go big to enter the bullish uranium scene. Reach into Stockhead’s bargain barrel for promising stocks with sub-$40m market caps.

Nuclear industry forecasters are more bullish than they’ve been in years, with spot uranium prices hitting a decade high of $US67/lb this week.

On the demand side, there’s a forecasted supply shortfall of about 1.5 billion pounds by 2040.

The World Nuclear Association (WNA) and price reporter Ux Consulting say in bullish reports that new operations will be desperately needed, with uranium demand from nuclear power plants to almost double by 2040.Countries which had been less than enthusiastic on nuclear are looking to approve new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants. For the latest mining news, sign up here […]

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image: Getty Images When russia invaded Ukraine, panic gripped Europe’s nuclear experts—the civilian variety, that is. Ukraine, where 15 reactors relied on Russia for their uranium, rushed to sign an unusually long 12-year deal with Canada. European utilities, also reliant on Russia, drew the maximum they could under other contracts. Most exposed were operators in Finland and eastern Europe that owned Russian-made reactors, which only Russian firms knew how to feed. Finding an American rival that could bundle uranium rods into the hexagonal blocks such plants demand took a year. Now they are searching for the metal needed to restart the atomic Tetris.

Such last-minute procurement of uranium is very rare, notes Per Jander of wmc, a trader. Utilities usually take deliveries two to three years after signing a contract. The scramble is just one illustration of the fallout of the war on a once-sedate market already squeezed by rising […]

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Nuclear industry forecasters are more bullish than they’ve been in years with spot uranium prices hitting a decade high of US$67/lb this week.

On the demand side, there’s a forecasted supply shortfall of approximately 1.5 billion pounds by 2040.

When you take that into consideration, the bullish reports from the World Nuclear Association (WNA) and price reporter Ux Consulting make sense when they say new operations will be needed to fill uranium demand from nuclear power plants will almost double by 2040.

Not to mention that countries which had been less than enthusiastic on nuclear are looking to sanction new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants.There’s a lot of crap down the cheap end of the bourse. There are also some absolute gems that, with a little polishing, could shine.“It’s much easier to get a 10,000 bagger if you […]

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

In recent years, Uranium ETFs have seen remarkable growth, leading one analyst to believe that they have the potential to become the next big industry. Eric Balchunas, a senior ETF analyst for Bloomberg, has observed that Uranium ETFs have grown 20 times over the past three years. This surge can be attributed to the rising demand for nuclear energy , which relies on uranium as its source.

Nuclear energy is a valuable source of electricity that is both carbon-free and cost-effective. In fact, in 2020, it accounted for approximately 10% of the world’s total electricity production, surpassing the combined generation from wind and solar sources. As the global need for electricity continues to rise, Balchunas predicts that nuclear power generation will have to significantly increase to meet the world’s net-zero emissions goals. This, in turn, could create a supply deficit in uranium.

From a technical analysis standpoint, the Sprott Uranium Miners […]

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The uranium bulls are up and about. The spot uranium price is up almost 10% since the start of August and is now up 27% so far in 2023. If you have been investing a while, you might be experiencing déjà vu. It’s not the first time in the past decade we have been bombarded with charts showing the case for uranium and an imminent supply shortfall. Plagued by setbacks including the Fukushima disaster in Japan, investors have mostly been disappointed.

This time, though, we think they are right.

Our Forager International Shares Fund has been invested in the Canadian-listed Sprott Physical Uranium Trust (TSX:U.UN) for two years and we think the case remains compelling. Never miss an update

Get the latest insights from me in your inbox when they’re published.After 15 years of next to no investment in uranium mining assets, our view is that the price needs to rise further […]

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It could be the dawn of a right new day for uranium. Picture: Getty Images Uranium prices have had more false dawns than the Gold Coast Suns have since their introduction to the AFL in 2011.

That was the same year Fukushima sent yellowcake on a more-than-half-decade descent into a crushing bear market that knocked all but the major players out, eventually cratering at $US18/lb.

Those prices were so low even the world’s biggest producers were losing money and had to ice operations to survive.

But a portrait of a nuclear renaissance is being painted ever brighter, as spot prices cleared a decade high yet again, touching $US67/lb on Tuesday. For the latest mining news, sign up here for free Stockhead daily newsletters It followed bullish reports from the World Nuclear Association and price reporter Ux Consulting, both of whom think new operations will be needed to fill uranium demand from nuclear […]

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We hear the mood among the 550 delegates at last week’s World Nuclear Symposium in London was positively glowing – and there are good reasons why, given the uranium sector’s gathering momentum.

Supportive factors include dwindling inventories, a coup in uranium-producing Niger and Canadian giant Cameco curtailing guided production due to a lack of qualified operating staff (sounds like our railways).

At 180 million pounds, the uranium inventories of US and European utilities are at their lowest levels since 2008 and these power stations are expected to start buying.

Broker UBS notes the spot uranium price has traded above $US61 ($95) a pound in September – a 12-month high. The firm opines that while there is “much uncertainty on the demand and supply sides,” it expects the price to hit $US70/lb next year.Meanwhile, the West – especially the US – remains scarily dependent on supply from Russia and its ally Kazakhstan.Trade in […]

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Pic: Maja Hitij/Getty Images for World Athletics share

Uranium prices have surged to decade highs of US$66.25/lb

Canadian giant Cameco’s production failings are among the reasons for the recent surge, with higher spot prices cancelling out supply issues to make the C$23.5b company a big winner

We look at three TSX and TSX-V companies who’ve outperformed Cameco’s share price gain in the past 12 months Our Canada Unearthed column wraps the news driving mining and exploration stocks listed in Canada, mostly on the TSX and TSX.V. With the dearth of investment in uranium supply since the Fukushima disaster, a nuclear meltdown which saw Japan shut its 50-strong reactor fleet for years and sent prices to long term lows, the wipeout of marginal pounds has made the role of a handful of major players in the uranium sector more pronounced.The biggest players in the market are Kazakhstan’s Kazatomprom, France’s Areva […]

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Drilling at Kennedy has demonstrated extensive distribution of REE’s in surface clays

Kennedy hosts high-value rare earth elements essential for magnets

Drilling at Nabarlek has intersected high-grade uranium mineralisation across multiple prospects

Second drill rig to be added in light of strong in-fill and extensional results A double win for DevEx Resources as drilling at both the Kennedy ionic clay-hosted rare earths project in Queensland and the Nabarlek uranium project in the NT delivers strong hits. Ionic clay rare earths (REE) deposits are emerging as a credible source of highly sought-after REE globally, especially those used in the energy transition sector.Early work at DevEx Resources’ (ASX:DEV) Kennedy project suggests that the deposit has favourable metallurgical characteristics with leach test work demonstrating rapid recoveries with very low acid consumption and significant scale.At Nabarlek, the company holds a dominant 4,700km 2 tenement package in the Alligator Rivers uranium province – […]

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Uranium has been one of the top-performing commodities this year as the use of nuclear power starts to gain more acceptance, increasing demand for the metal while supply remains constrained.

More such projects are starting to pop up as the world looks for alternative energy sources. In effect, this is causing the metal’s market to grow exponentially and will continue to do so, offering tremendous growth potential despite supply chain complexities and geopolitical factors.

“The nuclear comeback has jolted the $10 billion uranium market after a decade-long bust that deterred mining companies from producing the fuel,” reported the Wall Street Journal . “There are pinch points along the complex supply chain, from mining to enrichment. Some worry that the West will eventually sanction fuel from Russia, the world’s largest enricher of uranium.”

An additional catalyst for higher prices is the West African country of Niger, which accounts for about 5% of the […]

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The days of buying US$40 per pound uranium are over — and also probably at US$50 or US$60, Cameco chief financial officer, Grant Isaac, said over the weekend.

“We’re going to need new supplies,” he added, reflecting the market view now held by the operator of the world’s largest uranium mine, Cigar Lake in Canada.

The world is fast coming to the same conclusion. Invest in the latest ASX IPOs and placements

Last week the uranium price rose by 20% over five trading days. On Thursday alone, it was up 4.95% to US$65.5/lb.Japan gradually restoring its vital nuclear sector, which, before the disaster at Fukushima in 2011 supplied 30% of the country’s electricity is another promising sign.Last Friday, Kansai Electric Power restarted its 50 year old, No. 2 reactor at the Takahama plant. Uranium inventory crunch coming At present, uranium inventories held by US and European utilities are at their lowest levels […]

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VANCOUVER, British Columbia, Sept. 19, 2023 (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 entered into a letter of intent (“ LOI ”), dated September 18, 2023, with International Sustainable Energy Mining Corp. (the “ Optionee ”), an arms-length private company. Pursuant to the LOI, the Optionee will be granted the option to acquire a 100% interest in the 19,603 hectare Sun Dog Project located along the northwestern edge of the Athabasca Basin, by completing three years of exploration programs and a series of cash and equity payments. The Standard Uranium technical team will be the operator of the Sun Dog exploration programs for the entirety of the three-year program.

Pursuant to the terms of the LOI, the Optionee can acquire the Sun Dog […]

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