Category: Uranium

Uranium Energy’s move to take advantage of skyrocketing uranium prices sent the stock soaring.

After a staggering 65% rally in 2023, shares of Uranium Energy ( UEC 2.73%) continued to rally even higher in the new year and popped 19.4% in January, according to data provided by S&P Global Market Intelligence . With uranium prices hitting 16-year highs last month and Uranium Energy all set to move from the exploration to production phase, investors bet big on the uranium stock. Uranium Energy to start production amid a uranium bull market

Although Uranium Energy extracted uranium until some years ago, it is still classified as an exploration-stage uranium company by the U.S. Securities and Exchange Commission since it has not established proven and probable reserves. Over the past year or so, Uranium Energy primarily generated revenue by selling uranium bought earlier at spot prices. The company was waiting for a […]

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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.

VANCOUVER, 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.ATHA is pleased to announce that in accordance with the policies of the Canadian Securities Exchange (the “ CSE […]

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Investors should scoop up these shares now while they’re still cheap.

Uranium Energy Corp ( UEC ): Higher uranium spot prices are a tailwind.

BlackSky Technology ( BKSY ): It has strong projected growth metrics.

Blade Air Mobility ( BLDE ): The company is expanding its fleet size. Source: FOTOGRIN / Shutterstock.com The pullbacks in the broader indices precipitated this list of undervalued stocks under $20. When done successfully, the biggest gains may come from investors adopting a contrarian stance. This is because investing early or against the grain may assume more risk, but this too comes with more rewards.These undervalued stocks under $20 represent a good mix of risk and predicted upside, so investors may consider this list of companies closely. Uranium Energy Corp (UEC) Uranium on top of black rock background. Uranium Energy Corp (NYSEAMERICAN: UEC ) exhibits potential due to increasing uranium prices and demand. This […]

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The Athabasca Basin, an area spanning 100,000 square kilometers in northern Saskatchewan and a small part of Alberta in Canada, produces about 10% of the world’s uranium. The region contains the largest high-grade uranium deposits in the world, with grades ranging from 10 to 100 times greater than the average grades of deposits located elsewhere.

As geopolitical shifts and climate concerns have prompted a resurgence in nuclear energy projects, demand for uranium is expected to increase 28% by 2030 and nearly double by 2040, according to a 2023 report from the World Nuclear Association.

This supply tightness has seen the uranium price soar to a 16-year high of $106 per pound in early February 2024.

Given these market dynamics, the Athabasca Basin is seeing renewed interest from major players and junior miners alike.The Basin hosts the world’s largest high-grade uranium mine and mill, Cameco Corporation (TSX:CCO) ‘s McArthur River/Key Lake operation. Cameco […]

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Tailwinds are expected to pick up for uranium stocks. Picture: Richard Polden “Garimpeiro” columnist Barry FitzGerald has covered the resources industry for 35 years. Now he’s sharing the benefits of his experience with Stockhead readers.

The uranium price has taken a breather after its stellar run. But it looks ready to fire again.

Last week it settled back at $US100/lb from the recent peak of $US106/lb, which was more than double its starting price for CY2023 of $US48/lb.

On Monday afternoon, it was back up to $106.50/lb.There are lots of reasons for the run-up in the price during 2023, topped off as it was by the recent kick to $US106/lb, which came after the world’s biggest producer, Kazakhstan’s Kazatomprom, disclosed it could struggle to produce at planned levels in 2024/25. For the best columnists, sign up here for free Stockhead daily newsletters On Friday, Kazatomprom revealed it would likely miss 2024 […]

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Investing News Network

February 05, 2024

Fortune Bay Corp. ( TSXV: FOR ) (FWB: 5QN) (OTCQB: FTBYF) (" Fortune Bay " or the "Company") is pleased to announce the acquisition of the Aspen Uranium Project ("Aspen" or the "Project"). The Project is located within the north-central margin of the Athabasca Basin, proximal to the Company’s recently announced Spruce Uranium Project and Pine Uranium Project .

Aspen Uranium Project Highlights: Large-scale land package covering 9,869 hectares located in proximity to the northern rim of the Athabasca Basin (Figure 1). Includes extensive anomalous uranium results from historical surface sampling, including; The highest regional lake sediment uranium anomaly in Saskatchewan of 989 ppm U, within the Geological Survey of Canada data compilation. Historical exploration samples collected during the late 1970’s identified extensive lake sediment anomalies within the Property, with values averaging 302 ppm U from 439 samples collected, including seven […]

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Tailwinds are expected to pick up for uranium stocks. Picture: Richard Polden “Garimpeiro” columnist Barry FitzGerald has covered the resources industry for 35 years. Now he’s sharing the benefits of his experience with Stockhead readers.

The uranium price has taken a breather after its stellar run. But it looks ready to fire again.

Last week it settled back at $US100/lb from the recent peak of $US106/lb, which was more than double its starting price for CY2023 of $US48/lb.

On Monday afternoon, it was back up to $106.50/lb.There are lots of reasons for the run-up in the price during 2023, topped off as it was by the recent kick to $US106/lb, which came after the world’s biggest producer, Kazakhstan’s Kazatomprom, disclosed it could struggle to produce at planned levels in 2024/25. For the best columnists, sign up here for free Stockhead daily newsletters On Friday, Kazatomprom revealed it would likely miss 2024 […]

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Uranium Energy Corp’s recently made public that its Chief Financial Officer OBARA PAT unloaded Company’s shares for reported $29620.0 on Nov 16. In the deal valued at $6.07 per share,4,877 shares were sold. As a result of this transaction, OBARA PAT now holds 788,000 shares worth roughly $6.41 million.

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Our premium newsletter, powered by AI and expert analysis, uncovers these time-travel investment opportunities.Invest like Buffett and profit from undervalued gems before the market catches on. Limited-time offer: Get your first month for just $2.90 and start your journey to wealth creation. SponsoredThen, OBARA PAT sold 37,755 shares, generating $228,445 in total proceeds. Upon selling the shares at $6.05, the […]

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By Michael Philipps

February 5, 2024 — 5.34pm

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Add articles to your saved list and come back to them any time. Listen to this article4 minASX-listed Marmota has identified two separate uranium-bearing formations at its Bridget prospect after a review by an independent uranium expert of the target showing significant potential to build on its Junction Dam uranium resource in South Australia.The second stage of the review, completed by uranium specialist Mark Couzens, highlighted multiple palaeochannels that appear to be from two distinctly different geological ages, with similarities to nearby uranium deposits that are both coincident in the Bridget area. Marmota’s Junction Dam uranium project sits close to Boss Energy’s Honeymoon operation in South Australia. More importantly, the Namba formation has Beverley-style mineralisation.The review says two separate uranium-bearing Eyre formation palaeochannels and associated floodplains have been interpreted […]

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( MENAFN – GetNews) "Drew Zimmerman, CEO of Stallion, shared his enthusiasm for the project’s progress, stating,“As we prepare for our maiden drill program at the Appaloosa target, the gravity survey will further refine other prospective zones towards drill readiness. Our strategy is focused on methodically advancing priority targets across our extensive land package in the renowned southwestern Athabasca Basin."

The price of uranium is currently over 100$ per pound, near its highest level since 2007 as supply chain issues, nuclear expansion plans, and geopolitical tensions, have all combined to create a dramatic surge in uranium prices. The price per pound has more than doubled since Russia’s invasion of Ukraine in Feb. 2022. It seems that uranium market is expected to continue heating up with prime focus on Uranium Mining Stocks.In a significant step towards harnessing the energy of the future, Stallion […]

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Following guidance reductions from uranium mining major Kazatomprom, at least one analyst is calling for continued momentum in the price of uranium.

Cantor Fitzgerald yesterday issued a uranium macro update , increasing its uranium price forecast. Previously set at $90 – $120 per pound of U3O8, the firm is now calling for prices to be in the range of $120 – $150 per pound, with this range estimated to hold through 2028 and beyond.

“Given the KAP news, the supply/demand picture has fundamentally changed in a definitively more bullish direction for uranium spot and term pricing. We are raising our uranium price forecast curve to $120-150/lb U3O8 (2024-2028+) from $90-120/lb U3O8, previously. This price forecast has considerable bias to the upside,” reads the note.

Kazatomprom on Thursday cut its 2024 production estimate to 55 – 59 million pounds of U3O8, a decline of 14% at the midpoint, while also stating that it […]

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Vancouver, BC , Feb. 02, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) announces that the Company has granted 4,000,000 incentive stock options (the "Options") to officers, directors and consultants of the Company. The Options are exercisable at $0.59 per share for a period of five years from the date of grant. The Options have been granted under and are governed by the terms of the Company’s Incentive Stock Option Plan.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with twenty-five projects, ten of which are drill-ready, covering over 520,000 hectares (over 1.2 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which […]

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Image: Bigstock Uranium Energy ( UEC – Free Report ) shares soared 7.3% in the last trading session to close at $8.20. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 20.7% gain over the past four weeks.

Uranium Energy’s stocks have mirrored the upward trend in uranium prices, driven by robust demand and constrained supply. The recent declaration from Kazatomprom, the world’s largest uranium mining company based in Kazakhstan, stating its intention to limit uranium production to 80% of the permitted maximum output, as specified in Kazakh subsoil usage contracts, has contributed to the spike in uranium prices. This reduction from the previously announced 90% level is attributed to challenges in securing an adequate supply of sulfuric acid, a crucial component in the company’s in-situ uranium mining process.

This uranium mining and exploration company is expected […]

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Man with rocket wings which have flames coming out of them. You’ve likely noticed that ASX uranium stocks are getting a lot of attention of late.

And for good reason.

Uranium shares have been booming over the past year amid soaring uranium prices.

Yellowcake is now trading for around US$106 per pound. That’s more than double the roughly US$50 that same pound was worth a year ago.The huge price spike comes as an ever-growing number of nations are building, or planning to build, new nuclear power plants to provide reliable, emissions-free baseload power. At the recent United Nations Cop28 climate conference in Dubai, 22 nations pledged to triple their nuclear power capacity.That’s seeing demand surge faster than producers can increase their supplies.Today ASX uranium stocks are getting another big boost following an overnight update from Kazakhstan-based Kazatomprom .The world’s top uranium producer reiterated concerns that supply issues with sulphuric acid, crucial […]

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Uranium price surge ASX Kazatomprom production shortfall Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid .

Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in the spot price, which marched through the US$100 per pound level just two weeks ago.

Kazakhstan’s national atomic company said it should be able to meet contractual supply agreements for this year. However, it’s Kazatomprom’s planned growth that has been affected.

Invest in the latest ASX IPOs and placements It has mining permits for 20% more uranium output than it looks likely to be able to deliver.Kazatomprom produced 21,112 tonnes of uranium last year, slightly less than in 2022.This year’s output by the company’s mines is expected within […]

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Latest news about Uranium Royalty Corp.

Uranium Royalty Reports US$22.9 Million Bought Deal Financing 24 min ago MT Uranium Royalty Corp. Brief: Announcing US$22.9 Million Bought Deal Financing 56 min ago MT Uranium Royalty Corp. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2023 Dec. 13 CI HC Wainwright Adjusts Price Target on Uranium Royalty to $6.40 From $6.20, Maintains Buy Rating Dec. 08 MT Uranium Royalty Corp. Brief: Releasing Inaugural Sustainability Report Nov. 28 MT Uranium Royalty Secures Fixed-Price Purchase Commitments, Receives Deliveries 23-10-27 MT Uranium Royalty Brief: Providing Update on Physical Uranium Purchases 23-10-27 MT Uranium Royalty Says Closed Bought Deal Financing 23-10-17 MT Uranium Royalty Brief: Says Closed Bought Deal Financing 23-10-17 MT Uranium Royalty Corp. Announces Board and Committee Changes 23-10-12 CI Toronto Stocks Advance; Opsens Soars on C$345 Million Buyout Deal 23-10-10 DJ Uranium Royalty Loses 7% As […]

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VANCOUVER, British Columbia, Feb. 01, 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 three new 100% owned uranium exploration properties in the Athabasca Basin region, northern Saskatchewan.

With the addition of the Cable Bay Southwest (“CBSW”), Ox Lake, and Brown Lake Projects (as described below), the Company now has ownership interests in ten projects, totalling over 196,300 acres across the uranium-rich Athabasca Basin. With three earn-in option agreements completed since expanding the Company’s business strategy to include project generation in addition to pure exploration strategies, the Company continues to seek strategic partners to advance non-core projects, including these newly acquired assets.

Key Highlights: Three new project areas targeting shallow high-grade 1 uranium mineralization in the Athabasca Basin region of Saskatchewan

Several kilometres of untested conductors coincident […]

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Pinnacle defies active management blues to hit $100b

James Thomson

Ian Macoun, chief executive and founder of Pinnacle Investment Management, says he’s occasionally been accused of failing to stop and celebrate key moments in the firm’s 17-year history.

So, he’s promised to stop and smell the roses after hitting an impressive milestone: $100 billion in funds under management.“We’ll have a quiet little celebration and then we move on because, in one sense, it’s just a number,” Macoun tells Chanticleer shortly after the release of Pinnacle’s first-half profit result. Ian Macoun says Pinnacle delivered a credible fundraising result in a tough environment. David Rowe The firm has stakes in 15 affiliate fund managers , including Hyperion, Plato, Coolabah Capital, Firetrail, Metrics Credit Partners, Spheria, Antipodes and Five V, and provides them with capital, shared infrastructure and distribution. Read the full story here. 11.14AM Property warnings hammer banks on three continents Bloomberg New […]

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Chris Conway One of the challenges of investing in commodities and commodity stocks is that you have to get multiple things right.

First and foremost, you need to get the direction of the commodity right.

If you manage to do that successfully, you then need to pick the right stocks to take advantage of the opportunity. Never miss an update

Get the latest insights from me in your inbox when they’re published.Not all stocks will perform the same way at the same time. When a commodity begins to move, people will want large-cap, highly liquid, producers.Such names are in the lowest risk part of the ‘stack’ and provide some security should the rally in the underlying commodity run out of steam.When the rally really takes hold, that’s when the names further down in the stack – the more speculative developers and explorers, will also start to move.In terms of calling the uranium […]

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VANCOUVER, British Columbia, Feb. 01, 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 three new 100% owned uranium exploration properties in the Athabasca Basin region, northern Saskatchewan.

With the addition of the Cable Bay Southwest (“CBSW”), Ox Lake, and Brown Lake Projects (as described below), the Company now has ownership interests in ten projects, totalling over 196,300 acres across the uranium-rich Athabasca Basin. With three earn-in option agreements completed since expanding the Company’s business strategy to include project generation in addition to pure exploration strategies, the Company continues to seek strategic partners to advance non-core projects, including these newly acquired assets.

Key Highlights: Three new project areas targeting shallow high-grade 1 uranium mineralization in the Athabasca Basin region of Saskatchewan

Several kilometres of untested conductors coincident […]

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PALM BEACH, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The next several years are predicted to produce a strong growth rate in the uranium ore global market. Uranium ore refers to the process of extraction of uranium ore from the ground. At the mine, uranium ore is extracted and treated to produce uranium oxide, which is then exported. The conversion of mined ore into uranium oxide (also known as yellowcake) often takes place on the mine site. The main types of uranium ore are granite-type uranium deposits, volcanic-type uranium deposits, sandstone-type uranium deposits, and carbonate-siliceous-pelitic rock-type uranium deposits. Carbonate-siliceous-pelitic rock-type uranium deposits are an important mineralization phenomenon outside the Red Bed. Both not only have the same source, same time, and same area but also have the relationships of cause and effect. The mining type includes underground mining and surface mining. A report […]

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NORTH BEACON AND NORTH CREST PROJECT HIGHLIGHTS Uriniferous boulder train discovered on the North Beacon Project – with grades of up to 11.3% U 3 O 8 – analysis of the boulder train ice direction show they are likely derived from a source coincident with the Snowbird Tectonic Zone, on the Crest Project.

Geotech’s ZTEM and Mag survey was successfully deployed at the North Beacon and North Crest Projects, with a total of 6,905-line km flown.

The North Beacon Project is located approximately 34 km southwest of the past producing Nisto Mine, near Black Lake and within 18 km to the east of the Fond Du Lac uranium showing, while the North Crest Project is situated 16 km along-trend to the southwest of the Nisto Mine. High prospectivity was discovered at each of the North Beacon Project and North Crest Project: The North Beacon Project hosts two locations where […]

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• Your vote is important no matter how many votes you hold.

• The Board of Directors of LUR unanimously recommends that Shareholders vote IN FAVOUR of the Arrangement Resolution.

• Shareholders who have questions or need assistance with voting their shares should contact LUR’s proxy solicitation agent and shareholder communications advisor Laurel Hill Advisory Group by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com .

TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased announce its notice of special meeting of shareholders (the “ Meeting ”) and management information circular (the “ Circular” ) are now available on LUR’s website at https://latitudeuranium.com/investors/special-meeting/ as well as under LUR’s profile on SEDAR+ ( http://www.sedarplus.ca ). LUR has commenced the mailing of the Circular and related materials for the special meeting of LUR’s shareholders […]

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It’s seldom that you come across a stock setup as bullish as that which currently exists in Interactive stock chart provided by quotemedia Price Volume Nov 2023 Dec 2023 Jan 2024 0.2 0 1 200k © quote media Tisdale Clean Energy Corp. (TCEC:CSE) where there is still everything to go for. Not only is the setup extraordinarily bullish, as we will see, but it will "have the wind at its back" going forward because the company is in a strong growth sector — uranium — and it has a very low number of shares in issue, understood now to be approximately 22 million and of these, only about 6 million are in the float, and so if this stock attracts more attention from the investing public, it is clear that its upside potential from here is great.

A 1-year logarithmic chart shows the setup to advantage. The use of the […]

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Demand for nuclear energy is coming back strong. In fact, with global community intensifying its fight against climate change, nuclear energy is quickly emerging as a promising pathway to help solve the issue. Unfortunately, according to some analysts, there may not be enough supply to go around, as noted by Yahoo Finance. “The squeeze on the metal, found in rocks and seawater, intensified recently after 22 countries, including the US, recently signed a pact at the UN Climate Change conference to triple their nuclear power capacity by 2050,” they added. All of which is great news for companies, such as Skyharbour Resources Ltd. (TSXV: SYH) (OTCQX: SYHBF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), Cameco Corp. (NYSE: CCJ) (TSX: CCO), and Denison Mines Corp. (NYSE: DNN) (TSX: DML).

“There’s no other way to meet those net-zero carbon goals other than nuclear energy," said Nicole Galloway […]

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