Category: Uranium

TORONTO, Jan. 30, 2024 /CNW/ – Laramide Resources Ltd. (" Laramide " or the " Company ") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), following our January 11, 2024 announcement which presented a summary of economic highlights from a Preliminary Economic Assessment NI 43-101 compliant Technical Report ("PEA") for the 100% owned Churchrock In-situ Uranium Project ("Churchrock Project") located in New Mexico, U.S., Laramide is pleased to announce that the full report is now available on SEDAR, www.sedar.com/www.sedarplus.ca, as well as on the Company website, www.laramide.com.

The PEA has been prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101") by SLR International Corporation ("SLR"), an independent consulting firm with considerable expertise in mining and mineral processing, including uranium mining in the United States.

For the purposes of ASX Listing Rule 5.12, Laramide Resources cautions that the Preliminary Economic Assessment (PEA) for the Churchrock Project is not reported in accordance […]

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

Toronto, Ontario and Nucla, Colorado, Jan. 30, 2024 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is excited to announce the elevation of Michael Rutter to the position of Chief Operating Officer and the addition of Bruce Norquist to the team as General Manager of Mining Operations.

Michael Rutter, who joined the company as Vice President of Operations in 2016, has been promoted to Chief Operating Officer. During his 22 years in the mining business, Mr.Rutter has gained extensive experience in conventional uranium and vanadium mining and mineral processing. This includes roles as Maintenance and Operations Superintendent for Energy Fuel Inc.’s production in Utah, Colorado, and Arizona. Previously, Mr. Rutter oversaw maintenance, planning, and development for Lisbon Valley Mining, a copper miner. In 2023, he played a pivotal role in establishing Western’s in-house mining team, expanding its fleet of mining equipment and […]

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

Brokers have queued up to lift their longer-term uranium price forecasts just as the spot price sees its first weekly drop since November.

-Spot uranium price dips
-Longer-term price forecasts seeing widespread upgrades
-Australian-listed uranium stocks in the spotlight

Uranium buyers were dealt a reprieve last week when the spot price actually fell back for the first time since November. While prices heading into January were surging, reaching US$106/lb the week before last on industry consultant TradeTech’s weekly spot price indicator, actual transactions were few.Sellers kept backing off their prices and buyers became reluctant to chase. The impetus for most recent price strength had been the passage of a bill through the US House banning imports of Russian enriched uranium (with caveats), which was expected to then sail through the Senate.It didn’t, having been blocked by a Republican senator from Texas, so last week sellers moved swiftly to lower […]

Click here to view original web page at fnarena.com

Vancouver, BC, Jan. 30, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced its 8,000 metre winter drill campaign at its recently optioned 73,294 hectare Russell Lake Uranium Project strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. Skyharbour is planning 5,000 metres of diamond drilling in ten to twelve holes at Russell and then plans to move the drill rig over to its adjacent 35,705 hectare high-grade Moore Uranium Project, to complete 3,000 metres of drilling in eight to ten holes. Skyharbour’s geologists and contracted drilling crew are working out of an exploration camp at the project located on the McArthur River-Key Lake haul road within five kilometres of Denison Mines’ Phoenix deposit at the Wheeler River Project. The Company is fully funded and permitted […]

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

With energy demand only likely to increase, investors should consider the top uranium stocks 2024.

BHP ( BHP ): BHP offers a relatively conservative and diversified approach to uranium.

NexGen Energy ( NXE ): Increased energy demand should bode well for NexGen Energy.

UR-Energy ( URG ): Geopolitics could be the key driver for UR-Energy. Source: Shutterstock Fundamentally, the narrative for top uranium stocks 2024 comes down to basic math. Around mid-December, The Wall Street Journal reported that the commodity was running hot due to supply setbacks . However, as more data entered the news cycle, uranium prices soared as it became clear that the sector’s challenges might not dissipate soon enough.As a recent CNBC report pointed out, the ecosystem focuses on Kazakhstan. Specifically, its state-run mining enterprise Kazatomprom – the world’s leading uranium miner – stated that it’s likely to fall short of production targets through 2025 due […]

Click here to view original web page at investorplace.com

Vancouver, BC / TheNewswire / January 30, 2023 / Global Energy Metals Corporation TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1 (“Global Energy Metals”, the “Company” and/or “GEMC”), a multi-jurisdictional, multi-commodity critical mineral exploration and development company focused on growth-oriented metal projects supporting the global transition to clean energy, is pleased to announce, subject to TSX Venture Exchange approval, that it has entered into a non-binding Letter of Intent (the “Agreement”) with the wholly owned subsidiary of Fulcrum Metals Plc, (“Fulcrum”) a company with shares that are quoted on the AIM market of the London Stock Exchange . Pursuant to the Agreement, Global Energy Metals will acquire an immediate 0.5% royalty on net smelter returns (the “NSR”) in Fulcrum’s Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton uranium projects (collectively the “Projects”) located in Saskatchewan, Canada. GEMC will also be granted an option to acquire a 19.9% interest in the Projects as more […]

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

Vancouver, BC, Jan. 30, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH )
(OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced its 8,000 metre winter drill campaign at its recently optioned 73,294 hectare Russell Lake Uranium Project strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. Skyharbour is planning 5,000 metres of diamond drilling in ten to twelve holes at Russell and then plans to move the drill rig over to its adjacent 35,705 hectare high-grade Moore Uranium Project, to complete 3,000 metres of drilling in eight to ten holes. Skyharbour’s geologists and contracted drilling crew are working out of an exploration camp at the project located on the McArthur River-Key Lake haul road within five kilometres of Denison Mines’ Phoenix deposit at the Wheeler River Project. The Company is fully funded and […]

Click here to view original web page at financialpost.com

© Reuters. Surging Uranium Demand, Supply Constraints Fuel Predictions Of Record Price Increases Benzinga – by Stjepan Kalinic, Benzinga Staff Writer.

The price of uranium recently hit fresh highs, surpassing $100/lb for the first time in years. This positive development, which prompted Denison Mines (DNN) to restart the McClean Lake mine in Canada, could just be the beginning of a long trend.

As demand for nuclear fuel keeps growing, analysts are scrambling to set price predictions, speculating whether it can surpass 2007 highs.

"Even though the price is broken out to $100, there’s a lot of opportunity here because you need to basically double production globally between now and 2040," said John Ciampaglia , CEO of Sprott Asset Management , which runs the $6.5 billion Sprott Physical Uranium Trust (OTC:SRUUF).In an interview with Crux Investor, he forecasted a surge to $160/lb this year from the current $106/lb, stating, ‘It’s going to have […]

Click here to view original web page at uk.investing.com

Brokers have queued up to lift their longer-term uranium price forecasts just as the spot price sees its first weekly drop since November.

-Spot uranium price dips
-Longer-term price forecasts seeing widespread upgrades
-Australian-listed uranium stocks in the spotlight

Uranium buyers were dealt a reprieve last week when the spot price actually fell back for the first time since November. While prices heading into January were surging, reaching US$106/lb the week before last on industry consultant TradeTech’s weekly spot price indicator, actual transactions were few.Sellers kept backing off their prices and buyers became reluctant to chase. The impetus for most recent price strength had been the passage of a bill through the US House banning imports of Russian enriched uranium (with caveats), which was expected to then sail through the Senate.It didn’t, having been blocked by a Republican senator from Texas, so last week sellers moved swiftly to lower […]

Click here to view original web page at fnarena.com

Looking to capitalise on uranium’s bull run, Summit Minerals (ASX:SUM) has reinstated its Stallion Uranium Project in Western Australia, with fresh exploration work now planned.

While Western Australia is yet to lift its general ban on uranium mining in the state, it seems Summit is hopeful that growing global calls for nuclear energy support could see this ban removed in time for Stallion to come online.

The company is putting its money where its mouth is, too, with the Summit team now working to expand its project organically through exploration and mergers and acquisitions.

Stallion hosts an inferred resource — estimated by previous owner Manhattan Corporation (ASX:MHC) back in 2017 — of 9.9 million tonnes @ 150 parts per million (ppm) triuranium octoxide for 3.3 million pounds of uranium.Summit owns 196km-square of exploration tenements in the Stallion area, and the company says it’s working to restate the project’s uranium resource. As it […]

Click here to view original web page at mining.com.au

Uranium has been hot this year, industry experts say. The trouble is there may not be enough to go around.

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.

"There’s no other way to meet those net-zero carbon goals other than nuclear energy," said Nicole Galloway Warland, managing director of Thor Energy ( THORF ), an exploration company with projects in Utah and Colorado.

The backdrop to all this is, of course, is the march towards cleaner energy. But the rise of EVs and the anticipated power demands of artificial intelligence computing are also going to create a demand crunch for clean electricity — and nuclear is seen as a power source, unlike oil or coal, without the downside of carbon dioxide emissions.That means the […]

Click here to view original web page at finance.yahoo.com

Uranium Soars in 2024 Standard Uranium’s (STND.V) Strategic Growth and Investment Opportunities As the uranium market witnesses an unprecedented surge in 2024, investors and industry experts are closely monitoring the developments in this revitalized sector. A recent interview conducted by Equity Guru with Jon Bey, CEO, and Sean Hillacre, VP of Exploration and President of Standard Uranium (STND.V) , sheds light on this burgeoning market and presents intriguing investment possibilities. The Rising Uranium Market

The uranium market in 2024 is unlike any we’ve seen in recent years. Driven by growing energy demands and a global shift towards cleaner energy sources, uranium has become a focal point in the conversation about sustainable and reliable power. The spot price of uranium, as noted in the interview, has seen a significant upswing, reaching $106, signaling a robust demand and a constrained supply chain. Insights from Standard Uranium’s Leadership

Jon Bey and Sean […]

Click here to view original web page at equity.guru

Uranium well heads operated by Strata Energy pepper the landscape Monday, May 22, 2023 in Oshoto. Uranium Energy Corp. has announced that it will resume operations at its mine and processing plant in southern Johnson County in August. BUFFALO — Uranium Energy Corp. has announced that it will resume operations at its mine and processing plant in southern Johnson County in August.

The company and its board have been waiting for a consistent uranium market to commit to production, though it’s been preparing for operations to start since at least October, the vice president for Wyoming operations, Donna Wichers, previously told the Bulletin. That includes some hiring, drilling and casing new wells.

Wichers said in October that a stable price of more than $60 per pound for three to four months would be enough to make production a viable venture for the company. As of last week, uranium was $106 a […]

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

© Reuters. Uranium Revival: Denison Mines Resumes Operations At McClean Lake As Prices Soar Benzinga – by Stjepan Kalinic, Benzinga Staff Writer.

Denison Mines (AMEX:DNN) and joint venture partner Orano Canada have announced the resumption of operations at the McClean Lake uranium mine in northern Saskatchewan, Canada. The decision to restart the McClean Lake Joint Venture (MLJV) comes after a hiatus since 2008, when weak uranium prices led to the suspension of operations.

“The restart of uranium mining at McClean Lake is a notable milestone for the MLJV and Denison,” said Denison’s President and CEO David Cates , whose company owns a 22.5% interest in the venture.

Orano Canada, which has the major 77.5% stake, is a subsidiary of the second-largest global uranium miner, Orano SA, majority-owned by the French state.Two partners have strategically invested in a proprietary mining method called Surface Access Borehole Resource Extraction (SABRE). This innovative technique, patented […]

Click here to view original web page at uk.investing.com

Vancouver, BC, Jan. 25, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to provide an update on preparations for the winter drill program at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://skyharbourltd.com/_resources/maps/Sky_EastPreston_20231219.jpg

Winter 2024 Drill Program:
Azincourt is planning a follow up drill program for the winter of 2024, consisting of 1,000 to 1,500 metres of drilling in up to five (5) diamond drill holes, with the potential to expand the program. The priority will be to follow up on the clay alteration zone with elevated uranium that was identified in the winter of 2023 with a focus on the area of transition between the K and H Zones.The 2023 drill program included 3,066 metres of drilling which […]

Click here to view original web page at finance.yahoo.com

Source: Orano Canada The McClean Lake uranium mine, located in the Athabasca Basin of northern Saskatchewan, is set to resume production in 2025 after operations were suspended in 2008 due to weak uranium prices. Joint venture partners Denison Mines and Orano Canada announced on Wednesday that mining activities will restart at the McClean North deposit, with an estimated 800,000 pounds of uranium output expected in 2025.

The McClean Lake mine is owned by the McClean Lake Joint Venture (MLJV), in which Denison Mines holds a 22.5% stake and Orano Canada, as operator, holds a 77.5% interest. The partners have continued exploration activities and invested in developing the patented Surface Access Borehole Resource Extraction (SABRE) mining method, which is designed to selectively extract high-grade uranium ore.

Preparations in 2024 will involve getting the existing SABRE mining infrastructure and equipment ready for continuous commercial operations. MLJV will also install eight pilot holes for […]

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

Weekly spot uranium prices nearly doubled last year, but have quadrupled since 2020, according to UxC data. But mining stocks and ETFs are lagging the recovery. MarketWatch photo illustration/iStockphoto Uranium prices have quadrupled over the past four years, buoyed by rising demand for nuclear power and supply challenges, but shares of uranium miners and exchange-traded funds have some catching up to do.

Interest in uranium, a cornerstone of the nuclear-power industry, has grown along with global efforts to foster clean energy, leading to stronger demand for the heavy metal for nuclear-power plants.

Weekly spot uranium prices stood at $106 per pound as of Jan. 22 — the highest since August 2007, according to data from nuclear-fuel market information and analysis firm UxC. Prices are trading more than four times higher than they did at the start of 2020, when prices were at $25. Weekly spot uranium prices have more than quadrupled […]

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

A mining worker wearing a hard hat, orange high vis vest and blue long-sleeved shirt raises his fists in celebration with an excited expression on his face Two S&P/ASX 200 Index (ASX: XJO) uranium shares are marching higher today, adding to the outsized gains they’ve already delivered to longer-term shareholders.

Namely leading uranium stocks Paladin Energy Ltd ( ASX: PDN ) and Boss Energy Ltd ( ASX: BOE ).

The Paladin Energy share price is up 0.3% at the time of writing in late morning trade on Thursday, trading for $1.24 a share. That sees the Paladin Energy share price up 52% since this time last year.

The Boss Energy share price is up 0.6% at this same time, trading for $5.50 a share. Investors who bought this ASX 200 uranium share 12 months ago will be sitting on enviable gains of 125%.Both companies released their quarterly updates this morning.Read on for […]

Click here to view original web page at www.fool.com.au

Vancouver, BC, Jan. 25, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH )
(OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to provide an update on preparations for the winter drill program at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://skyharbourltd.com/_resources/maps/Sky_EastPreston_20231219.jpg

Article contentArticle content Winter 2024 Drill Program: Azincourt is planning a follow up drill program for the winter of 2024, consisting of 1,000 to 1,500 metres of drilling in up to five (5) diamond drill holes, with the potential to expand the program. The priority will be to follow up on the clay alteration zone with elevated uranium that was identified in the winter of 2023 with a focus on the area of transition between the K and H Zones.The 2023 drill program included 3,066 metres […]

Click here to view original web page at financialpost.com

Weekly spot uranium prices nearly doubled last year, but have quadrupled since 2020, according to UxC data. But mining stocks and ETFs are lagging the recovery. MarketWatch photo illustration/iStockphoto Uranium prices have quadrupled over the past four years, buoyed by rising demand for nuclear power and supply challenges, but shares of uranium miners and exchange-traded funds have some catching up to do.

Interest in uranium, a cornerstone of the nuclear-power industry, has grown along with global efforts to foster clean energy, leading to stronger demand for the heavy metal for nuclear-power plants.

Weekly spot uranium prices stood at $106 per pound as of Jan. 22 — the highest since August 2007, according to data from nuclear-fuel market information and analysis firm UxC. Prices are trading more than four times higher than they did at the start of 2020, when prices were at $25. Weekly spot uranium prices have more than quadrupled […]

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

Elk graze in a meadow near the front of the South T Bar Ranch community outside of Cañon City. The meadow is one of the sites where an Australian company wants to conduct exploratory drilling for uranium. (Photo provided by Skip Blades) South T Bar Ranch is a cautionary tale for Coloradans. Beware the split estate.

Colorado law allows for surface rights of land to be split from sub-surface mineral rights. Most commonly, conflict arises in Colorado’s natural gas-rich Denver-Julesburg Basin, where the Front Range sprawl north of Denver has landed subdivisions above mineral rights owned by major corporations planning or already using hydraulic fracturing to extract the gas.

South T Bar Ranch, located northwest of Cañon City, could become a nightmare situation for homeowners compared to the problems presented with hydraulic fracturing. Even modern uranium mining — known as ablation — causes a significant disruption to surface land, although companies […]

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

Boss Energy (ASX: BOE) is on track to achieve a major milestone with production at its Honeymoon uranium mine in South Australia to commence within weeks.

The restart of production at the historic Honeymoon project will make it Australia’s first new uranium operation for a number of years and comes at a time when global uranium prices are soaring and a major debate underway into the introduction of nuclear power into the local energy mix.

Boss announced the commencement of mining activities at Honeymoon in October 2023, with the first well field being pre-conditioned in the lead-up to in situ recovery feeding the processing plant with extracted uranium during the December quarter of 2023 and has continued to make strong progress since then.

Invest in the latest ASX IPOs and placements Boss Energy managing director Duncan Craib said commissioning activities at Honeymoon are well on track with the first drum of […]

Click here to view original web page at smallcaps.com.au

Decarbonization and energy security are the buzzwords driving the price of uranium. At the climate conference in Dubai, 22 countries committed to tripling their nuclear power capacities. So, there has been a change of heart in recent years. Japan’s Nuclear Regulation Authority also recently lifted the operating ban on the Kashiwazaki-Kariwa nuclear power plant. This is the largest power plant in the world. Now only the local governments have to give their approval. This nuclear power plant has been out of operation since 2012 following the Fukushima disaster. Various uranium producers are currently struggling with production problems. And China is buying more and more uranium from Kazakhstan, as everyone wants to stock up on the raw material. With the rise in the price of uranium, many uranium companies have also increased significantly in value. This also increases the chance that producers will decide to expand their projects or revive […]

Click here to view original web page at www.resource-capital.ch

© Reuters. Aura Energy lands A$4.3 million via option funding agreements to grow Tiris Uranium Project Aura Energy Ltd (ASX:AEE, AIM:AURA) is raising A$4.3 million via option funding agreements in which certain investors have agreed to prepay the exercise amount for all remaining options with the aim of to helping to grow the Tiris Uranium Project in Mauritania.

This comprises option funding agreements and an option exercise underwriting agreement for 82.5 million listed options expiring June 30, 2024.

The proceeds will be allocated to an extensional drilling program at Tiris East, which aims to define additional uranium resources.

Near-term low-cost producerAura chairman Philip Mitchell said: “The options funding and underwriting agreements provide valuable funding in support of our strategy to continue to grow the Tiris Uranium Project and were well supported by existing significant shareholders, including Lind Partners.“The current exploration program is targeting expansion of our mineral resource towards 100 million pounds […]

Click here to view original web page at au.investing.com

Fund managers hope bets on commodities such as gold, copper and uranium can help catapult returns in 2024, as the sector grapples with a crash in the price of battery metals.

“It’s been a choppy year in the commodity space,” said Sam Berridge, portfolio manager at the Perennial Strategic Natural Resources Trust.

Perennial’s fund returned about 10 per cent in 2023, managing to buck a 12 per cent decline in the Bloomberg Commodities Index – its worst one-year performance since 2015. Prices in nickel and lithium have been among the worst hit. London Metal Exchange nickel prices have slumped about 50 per cent in the last 12 months. Meanwhile, the price of raw lithium mineral spodumene has slipped more than 90 per cent, according to analysis from Wood McKenzie.

The price falls are hitting Australia’s mining sector hard. Earlier this week, billionaire Andrew Forrest’s private company Wyloo became the latest to […]

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