Category: Uranium

A Cameco employee at the uranium mine in Cigar Lake, on Sept. 23, 2015. With its one-time pariah commodity back in vogue, one of Canada’s biggest mining companies is reaching valuations not seen in more than 15 years.

Cameco Corp.

is benefiting from a resurgence in uranium, as nuclear power is increasingly embraced by countries looking for ways to cut carbon emissions and supply concerns arise.

On Monday, the company’s shares closed at $54.54 on the Toronto Stock Exchange, about $5 below their all-time high in 2007.In recent years, the world’s attention has turned to cutting carbon emissions to fight climate change. One of nuclear’s chief selling points is that it generates no CO2 emissions, leading some observers to predict a surge in construction of new power plants, including small modular reactors (SMRs), which are billed as cheaper and easier to build than their larger cousins.Raymond James analyst Brian MacArthur wrote in […]

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

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – After uranium prices surged by nearly 8% in August to over $60 per pound and drove mining stocks to double-digit gains, analysts at Sprott see several reasons why demand for the metal should remain strong for years to come.

“Uranium’s impressive uptick in August set it apart from many other commodities, which faced declines due to the strengthening USD and China’s softening economy,” wrote Jacob White, ETF Product Manager at Sprott Asset Management. “Decade-high uranium contracting levels by utilities, coupled with supply disruptions and risks, are helping to create a robust demand market.” White noted the strong performance for both the metal and the miners in August. “This upward trend in uranium stocks […]

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

The Global X Uranium ETF ($URA) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Uranium & Nuclear Components Total Return Index. In this article, we will look at the long term technical outlook using Elliott Wave method. $URA Elliott Wave Chart Monthly Chart

Uranium ETF (URA) Monthly Chart above held up the horizontal support/resistance at $19. The ETF has started to turn higher and should start the next bullish cycle higher. Wave ((II)) ended on March 1, 2020 low at 6.95. Up from there, wave I ended at 31.6 and pullback in wave II ended at 17.65. While pullback stays above 17.65, expect the ETF to continue higher in months and years to come. $URA Daily Elliott Wave Chart

After forming major low at 6.95 on March 2020, ETF (URA) rallied in wave […]

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

Source: iStock Uranium stocks are soaring, with Paladin Energy marking a fresh 52-week high

Reporting season winners are continuing to see incremental share price gains

Real estate stocks are struggling, with 6 REITs hitting 52-week lows in the past week

Welcome back to the 52-week Series – A recap of ASX 200 stocks marking yearly highs and lows in the past week. Highs & Lows by Sector Financials: 3 Highs, 1 Low Energy: 2 Highs, 0 lows Technology: 1 High, 0 Lows Discretionary: 1 High, 1 Low Industrials: 1 High, 2 Lows Staples, 1 High, 2 Lows Utilities: 0 Highs, 0 Lows Healthcare: 0 Highs, 3 Lows Real Estate: 0 Highs, 6 Lows Stocks at 52-week highs Ticker Company Name Close Price Sector 1 Year AUB AUB Group $30.33 Financials 48.7% BAP Bapcor $7.07 Discretionary 3.1% BKW Brickworks $27.36 Materials […]

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

Mr. Thomas Lamb reports:

Vancouver, British Columbia–(Newsfile Corp. – September 18, 2023) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that it has signed a binding letter of intent ("LOI") dated as of today’s date with Rush Rare Metals Corp. ("Rush") which, subject to due diligence, would give Myriad the option (the "Option") to earn up to a 75% interest in and to Rush’s Copper Mountain Project (the "Property"), comprised of 110 mineral claims in the State of Wyoming covering approximately 775 hectares. The due diligence period expires 30 days from the date hereof, and the parties are expected to enter a further definitive agreement (the "Agreement") respecting the Option, under substantially the same terms, on or before that date.

A brief video regarding the transaction and Copper Mountain can be viewed here .

The Copper Mountain […]

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

It’s been a pretty shoddy start to the trading week for the All Ordinaries Index (ASX: XAO) and most ASX shares this Monday. At the time of writing, the All Ords has lost a meaty 0.66%. But that hasn’t stopped two ASX uranium shares from bucking the markets and not only rising today but hitting new 52-week highs.

Let’s discuss.

First up we have Paladin Energy Ltd ( ASX: PDN ).

Last week, Paladin shares closed at 96 cents each. This ASX uranium share opened at that same price this morning, but soon rocketed up 2.59% to 99 cents, the level we are currently seeing. That’s also the new 52-week high for the Paladin share price.Then we have Devex Resources Ltd ( ASX: DEV ).Devex shares closed at 38 cents last Friday but opened at 41 cents this morning before climbing up to 42 cents soon after open. That was a gain […]

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

Uranium (U) radioactive chemical element, used in nuclear power, medicine, military and research. Promotional education periodic element 3D render. 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 […]

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

Sakorn Sukkasemsakorn Investment Thesis

Sprott Physical Uranium Trust ( OTCPK:SRUUF ) (also known as "SPUT") is well-placed to participate in the new uranium bull market.

Here I explain why to invest in uranium, why to specifically consider Sprott, and what are the drawbacks of investing in Sprott. Why Investing in Uranium?

Uranium plays a significant role in supplementing the energy transition toward achieving net-zero emissions due to 5 attributes: Reliable Cheap Flexible Scalable And best of all? It’s carbon-free. Nuclear power plants, fueled by uranium, produce electricity without emitting greenhouse gases during operation, making them a crucial component of a cleaner energy mix. Making nuclear energy superior to fossil fuels.Further, the appeal of nuclear energy is that, unlike renewable energy, nuclear energy offers a consistent and stable source of power, capable of supplying base-load electricity, which is essential to meet the energy demands of modern societies.Moreover, nuclear power’s reliability ensures […]

Click here to view original web page at seekingalpha.com

GOCMEN/iStock via Getty Images Investment Thesis

Global X Uranium (NYSEARCA: URA ) is an ETF that tracks uranium equities. Here I describe the reasons to be bullish on uranium, the key element in the generation of nuclear energy.

My analysis focuses on nuclear energy as a complement to green energy sources by offering a dependable and low-carbon energy solution that can work in tandem with renewables to meet our growing energy demands while minimizing our environmental impact.

On this occasion, I haven’t focused my discussion on the supply-demand balance question facing uranium, but you can see this neatly described below in graphic form. CCJ annual report Uranium is used as fuel in nuclear reactors, and utilities require uranium to meet the increasing gap between supply and demand that is expected to build into the middle of this decade, highlighted above.Without further ado, here’s why I’m bullish on ETF, while also noting […]

Click here to view original web page at seekingalpha.com

What happened

It’s been a bumper week for uranium stocks, with shares of Uranium Energy (NYSEMKT: UEC) and NexGen Energy (NYSE: NXE) clocking some of the biggest gains in the industry. While Uranium Energy stock surged 19.1% at its highest point in trading during the week through noon Friday, shares of NexGen Energy jumped 16.3% at its highest, according to data provided by S&P Global Market Intelligence .

Uranium prices just hit levels not seen in 12 years, and investors don’t want to miss the boom. So what

Uranium prices crossed $60 per pound on Sept. 15 for the first time since 2011 when the deadly Fukushima Daiichi disaster drove the global uranium industry into limbo. With more nations turning to nuclear energy as they transition from fossil fuels to cleaner sources of energy, demand for uranium — a key fuel for nuclear reactors — is expected to rise.In its […]

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

Uranium prices just hit 12-year highs, triggering a buying frenzy in uranium stocks.

What happened

It’s been a bumper week for uranium stocks, with shares of Uranium Energy ( UEC -0.92%) and NexGen Energy ( NXE 1.14%) clocking some of the biggest gains in the industry. While Uranium Energy stock surged 19.1% at its highest point in trading during the week through noon Friday, shares of NexGen Energy jumped 16.3% at its highest, according to data provided by S&P Global Market Intelligence .

Uranium prices just hit levels not seen in 12 years, and investors don’t want to miss the boom. So what Uranium prices crossed $60 per pound on Sept. 15 for the first time since 2011 when the deadly Fukushima Daiichi disaster drove the global uranium industry into limbo. With more nations turning to nuclear energy as they transition from fossil fuels to cleaner sources of energy, demand […]

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

JacobH I last covered Uranium Energy Corp. (NYSE: UEC ) in May, assigning the stock a Sell rating. My thesis revolved around the fact that the company does not produce any uranium and has been relying on the sale of existing inventory for almost all of its revenue. If a picture is worth 1000 words, then the thesis of that article can be summarized by the following screenshot. UEC Q2 3 & 6 Month Revenue Numbers (UEC Form 10-Q Filing) However, since then the stock has been on quite a tear as it rides the wave of a rapidly developing new uranium upcycle. My portfolio, obviously, did not benefit from UEC’s price run, but I do have plenty of uranium exposure through positions in Denison Mines ( DNN ) and Cameco ( CCJ ), the latter of which actually produces uranium and a lot of it.

For UEC, Q3 was […]

Click here to view original web page at seekingalpha.com

Uranium (U) radioactive chemical element, used in nuclear power, medicine, military and research. Promotional education periodic element 3D render. 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 […]

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

Basin holds three projects are in the world-class Athabasca Basin

The company has just completed its 3D inversion of historical geophysical datasets of the North Millennium Project

The study identifies a 5-kilometre structural target corridor, a continuation of the fault that hosts Cameco’s Millennium deposit located 7km to the south

Uranium spot price hits 12-year highs overnight, with Numerco reporting sales at US$65.50/Lb At the Geikie project, also located in the Athabasca, the company recently completed maiden drilling with results expected imminently and is nearing completion of an airborne gravity survey Basin Energy has identified priority uranium targets at its North Millennium project in Canada’s world-class Athabasca Basin. Uranium prices continue to surge approaching their highest levels in nearly a decade. This surge follows a steady upward trend that has made it the only commodity on Stockhead’s Up, Up, Down, Down list to be a winner in every […]

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

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – The tokenization of vital commodities is now underway as Sanmiguel Capital Investment, a financial advisory firm assisting in the tokenization of real-world assets, has announced the launch of Uranium3o8 ($U), the first token to be physically backed by uranium.

Sanmiguel Capital Investment partnered with Madison Metals Inc. to launch $U, which is physically backed by one pound of uranium per token through a forward sales agreement between the two companies.

“Uranium3o8 is the beginning of a new chapter for uranium, and for our firm,” said Madison Metals CEO Duane Parnham. “Tokenization is the next great advancement in the mining industry, and we’re excited to be part of this charge.”

$U is the first digital token […]

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

The first phase of drilling at Latitude Uranium’s ( Latitude Uranium Inc (CSE:LUR, OTCQB:LURAF) ) Angilak project in Nunavut is now well underway.

The results will be intensely scrutinized by investors and uranium industry experts alike, but what’s already known is that they’re likely to show uranium, and lots of it. That’s because Angilak boasts a historical resource of 43 million pounds of uranium grading 0.69%. If those results can be replicated, they’ll put Angilak in the top 10% of projects by grade worldwide.

Twinning holes and working off historical data can often be circumspect, of course. But in this case, the guidance from history looks relatively strong.

For a start, although the earlier work is termed “historical” from a regulatory standpoint, it actually dates to just 2013. That’s relatively fresh by mining standards and also means the data was gathered in conformity with the standards set by National Instrument 43-101, which […]

Click here to view original web page at www.proactiveinvestors.co.uk

Strong rallies from iron ore, coal and uranium producers overcame a surprise jump in jobs last month to lift the Australian sharemarket higher on Thursday.

The benchmark S&P/ASX 200 Index gained 32.6 points, or 0.5 per cent, to 7186.5 as eight of the gauge’s 11 sectors finished higher. The All Ordinaries also rose 0.5 per cent. The S&P/ASX 200 ended 0.5 per cent higher on Thursday. Tamara Voninski The shares climbed even as strong employment data bolstered the case for another rate rise by the Reserve Bank. The data showed 64,900 jobs were created in the month, beating forecasts for a gain of 23,000. The unemployment rate stayed at 3.7 per cent.

“Today’s set of numbers won’t give the [RBA] the breathing room it might have been hoping for to sign off on its rate hiking cycle,” said IG analyst Tony Sycamore in a note to investors. The central bank has […]

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

ASX 200 closes 0.46% higher after building up slowly all day

Uranium goes off. Materials, Finance Sectors call the shots

Small caps led by an all uranium cast, including

Australian shares have been lifted despite a mixed overnight lead from very mixed US investors. But while they slept fitfully, agonising over the meaning of the latest CPI read stateside, a resolute ASX went to work.Buoyed by this morning’s jobs data and driven by enthusiastic performances from the Materials, Banks and Energy Sectors, the benchmark ended Thursday in the green by circa 0.6%.Late to the party, but the major iron names have turned around yesterday’s losses It’s the resources sector which has supercharged business on Thursday, with the ol’ familiar big name’s like Fortescue Metals Group (ASX:FMG) up over 3.1% this morning, while buddies across coal – Whitehaven Coal (ASX:WHC) , New Hope Corp (ASX:NHC) and Yancoal Australia […]

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

The Index rallied amid gains from the heavyweight Materials and Financials sectors, Singapore iron ore prices climb to a fresh six-month high of US$120, Australia’s unemployment was unchanged but the economy added an unexpected 64,900 jobs in August, uranium stocks surge as spot prices hit decade highs and Morgan Stanley’s take on coal.

Let’s dive in. ASX 200 Session Chart

ASX 200 closes near session highs (Source: Market Index) Markets

The ASX 200 finished higher and near best levels amid a relatively broad-based rally led by Resources, Financials and Tech. There’s not a whole lot going on for markets at the moment. The Index is stabilising after the sharp ~2% selloff earlier this month, buoyed by the recent strength in iron ore prices and plateauing bond yields. Economic data has been rather tricky for markets, notably: US inflation : Moved up from June low of 3.0% to 3.7% […]

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

The Australian market ended higher today with the S&P/ASX 200 finishing up 40.4 points, or 0.57%, to 7,194.3, led by the Materials and Financials sectors.

Materials were trading 1.01% higher after the iron ore price hit a six-month high and iron ore futures in Singapore breached $120 per tonne. Shortly before the close, BHP had risen 1.15% to $44.31, Fortescue Metals 3.78% to $20.34 and Rio Tinto 2.36% to $116.07.

Uranium stocks also rallied following a report from the World Nuclear Association, which forecast strong uranium demand through to 2040. Paladin Energy was up 4.75% this afternoon, while smaller-cap Deep Yellow gained almost 7.7%.

Coal producers were also higher, with Yancoal, Whitehaven and New Hope all up more than 2%. Employment picks up in August After a small drop in July, employment bounced back last month with 64,900 jobs created in August, well above expectations of a gain of 23,000. The unemployment […]

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

Commentaries & Views

Share this article: In the high-stakes world of commodity trading, strength and momentum of the market trends can often spell the difference between a wise investment and a misstep. Gareth, dissects the movements within the uranium, copper, and silver markets, providing investors with timely insights that could steer their investment strategies in a favorable direction. Here’s what Gareth has deciphered from the latest market charts:

Uranium: Poised for a Notable Bounce

The uranium chart paints a picture of renewed optimism as it shatters a prolonged downwards trend line, heralding the potential for significant upward momentum. Currently stationed at a resistance point, the commodity showcases signs of a potential breakout in the making. Investors are keenly watching as Gareth anticipates the events that would precede a substantial upward price movement. As the uranium market showcases a resilient front, the upcoming phase could be characterized by vital growth, offering […]

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

Jump on these uranium stocks as nuclear energy becomes great again.

NexGen Energy ( NXE ): NexGen is an aspirational play with a unanimous buy rating.

BHP Group ( BHP ): BHP Group offers a relatively predictable investment for nuclear energy.

Denison Mines ( DNN ): Denison Mines is risky but benefits from robust speculation. Source: Shutterstock 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 […]

Click here to view original web page at investorplace.com

Uranium demand could surge as governments in North America, Asia and Europe back an expansion of nuclear energy

US mining investors Goehring and Rozencwajg predict ‘chaotic’ move to the upside for uranium prices

Yellowcake spot price has steadily increased across 2023, hitting year high of US$62.13/lb yesterday

The World Nuclear Association has laid out its case for a massive expansion of uranium mine developments, projecting a near doubling in demand by 2040, while a pair of US mining investors have predicted prices for yellowcake could rise “three to four times”.In a report last week, the first Nuclear Fuel Report issued by the WNA since before the Russian invasion of Ukraine in 2022, the WNA said reactor requirements for uranium would lift from 65,650t in 2023 to 83,840t in 2030 and 130,000t in 2040 just on a scenario based on government and utility targets.A lower demand scenario would see requirements […]

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

Investing News Network

September 12, 2023

Cosa Resources Corp. ( CSE: COSA ) (OTCQB: COSAF) (FSE: SSKU) (" Cosa Resources " or the "Company") is pleased to announce the expansion of its Ursa Project and the acquisition of the 100% owned Polaris and Eclipse uranium exploration properties in the Athabasca Basin region, Saskatchewan.

Highlights Ursa expanded to 60,599 hectares with two new claims totalling 3530 hectares Polaris covers 3290 hectares and 9 kilometres of prospective magnetic low zones near the southwestern Athabasca Basin Eclipse covers 1622 hectares in the Eastern Athabasca Basin with thin sandstone cover Keith Bodnarchuk, President & CEO, commented: "Our team has proven successful at identifying and acquiring prospective ground in an increasingly competitive environment. Since completing our public listing in March of 2022, two-thirds of our uranium exploration ground has been acquired via staking, and we will continue our efforts to expand our portfolio of […]

Click here to view original web page at investingnews.com

JacobH I last covered Uranium Energy Corp. (NYSE: UEC ) in May, assigning the stock a Sell rating. My thesis revolved around the fact that the company does not produce any uranium and has been relying on the sale of existing inventory for almost all of its revenue. If a picture is worth 1000 words, then the thesis of that article can be summarized by the following screenshot. UEC Q2 3 & 6 Month Revenue Numbers (UEC Form 10-Q Filing) However, since then the stock has been on quite a tear as it rides the wave of a rapidly developing new uranium upcycle. My portfolio, obviously, did not benefit from UEC’s price run, but I do have plenty of uranium exposure through positions in Denison Mines ( DNN ) and Cameco ( CCJ ), the latter of which actually produces uranium and a lot of it.

For UEC, Q3 was […]

Click here to view original web page at seekingalpha.com