Category: Uranium

SASKATOON, Saskatchewan, Jan. 24, 2024 (GLOBE NEWSWIRE) — Orano Canada Inc. (“Orano Canada”), and Denison Mines Corp. (“Denison”) (TSX: DML, NYSE American: DNN), as joint-venture partners in the McClean Lake Joint Venture (“MLJV”), are pleased to announce that the MLJV has approved a restart of uranium mining operations using the joint venture’s patented Surface Access Borehole Resource Extraction (“SABRE”) mining method. Orano Canada owns a 77.5% interest and is the operator of the MLJV and Denison owns a 22.5% interest.

Mining is planned to commence at the McClean North deposit in 2025, with 2024 activities expected to focus on preparations necessary to ready the existing SABRE mining site and equipment for continuous commercial operations, as well as the installation of eight pilot holes for the first mining cavities planned for excavation. The approved budget for this work in 2024 is $7 million (100% basis).

Approximately 800,000 lbs U 3 O 8 […]

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Uranium remains on a hot streak in 2024, surging 16% in the first three weeks of the new year to about US$106 per pound. “Uranium was the real star performer in a pretty challenging market for most commodities and asset classes [in 2023],” Sprott Asset Management (TSX:SII) CEO John Ciampaglia told Proactive’s Steve Darling in an exclusive interview .

“Uranium went up about 89% last year and, believe it or not, is up another 16% in the year-to-date,” Ciampaglia said.

Ciampaglia noted that one factor driving the continued momentum in uranium is growing concerns about the ability of the industry to expand production at both existing and new mines, with the world’s largest producing nation Kazakhstan earlier this month announcing that it would be unable to meet its 2024 production target.

“This very tight physical market is putting pressure on the spot price,” he said. Ciampaglia expects the uranium market to remain […]

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West Red Lake Gold Mines Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – January 23, 2024) – F3 Uranium Corp. (TSXV: FUU) (OTCQB: FUUFF) (" F3 " or the " Company ") is pleased to announce that drilling has commenced for the 2024 winter drill campaign on its 100%-owned Patterson Lake North ("PLN") Project.

The drill program focuses initially on the JR Zone and the B1 Area, located 3km south of the JR Zone. One diamond drill is coring a follow up drill hole on the JR Zone (at the north end of A1), on one of the five casings that were set at the end of the fall drill program. A second diamond drill crew is also on site and will begin to set up at the B1 Area on a new casing that has just been set by the sonic drill. Many of the hallmarks commonly associated with […]

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Video poster image Article by Juliette Saly (ausbiz) Spotlight on uranium

In this week’s edition of IG’s Macro Intelligence, we explore the recent surge in uranium prices and its implications for investors. Going nuclear: the remarkable rise of uranium prices

Uranium, a highly dense metal found in most rocks, is primarily used as fuel in nuclear power plants. The price of uranium has skyrocketed to US$106 per pound, reaching a 16-year high.

This increase is the highest since November 2007, driven by supply concerns and renewed interest in nuclear power. Notably, 22 countries, including the US, UK, Canada, and France, have committed to tripling their nuclear capacity by 2050. The price of uranium increased to $106 Source: RefinitivThe price surge has also risen amid production risks flagged by the world’s largest miner of the commodity. Kazakhstan’s Kazatomprom has warned it may need to cut its 2024 production due to difficulties […]

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Spott’s analysts are gazing into the immediate future. And they see a few stars. Picture: Getty Images Worried about your resources portfolio in 2024?

Here’s the good news from Sprott’s market strategist Paul Wong and ETF product manager Jacob White, who are predicting a better year for copper and exceptional times for uranium, gold and silver.

In a mid-January note, Wong and White said the new renewable energy/EV-led commodity supercycle would continue to boost metal consumption again in 2024.

Like 2023, increased supply could lead to modest surpluses but geopolitical factors – such as mining disruptions and resource nationalism – could undermine these surpluses quickly. For the latest resources news, sign up here for free Stockhead daily newsletters Political tensions in general will play a huge role in metals markets this year, according to Wong and White.“Geopolitical tensions appear set to rise, especially with a slew of critical elections in 2024 (over […]

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ALX Resources Corp. Detects SGH Geochemical Uranium Anomaly at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

Vancouver, British Columbia–(Newsfile Corp. – January 23, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the receipt of results from a Soil Gas Hydrocarbon ("SGH") geochemistry survey carried out on its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the town of Stony Rapids, SK. The SGH survey was designed to collect detailed geochemical signatures over fault structures and surface expressions of uranium where the Company previously intersected basement-hosted uranium mineralization grading 0.13% U3O8 over 0.23 metres from 107.67 to 107.90 metres in drill hole GC15-03, and over a strong radon anomaly that was detected on surface by a predecessor company in 2013.

2023 SGH Geochemical Survey

SGH is an analytical method developed […]

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Prospector Metals Vancouver, British Columbia–(Newsfile Corp. – January 23, 2024) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that it has acquired 10,357 acre "Uranium Town Project" bordering Denison Mines Corporation (DML, DNN) in the Athabasca Basin of Saskatchewan. The Athabasca Basin is home to the highest-grade uranium deposits in the world, which includes the highest grade uranium mine in the world owned by Cameco Corporation. In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada, the second-best jurisdiction globally. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company’s properties.

Recently (January 17, 2024) Sienna acquired the 10,845 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation (CCO, CCJ) in the Athabasca Basin of Saskatchewan.

Jason Gigliotti, President of Sienna […]

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Concerns about near-term uranium supply saw the price of the yellow metal jump to a 16-year high last week. Here is a collection of uranium stocks to watch based on recent project updates. Uranium Energy Corp has announced that production at its Christensen Ranch project in Wyoming will restart imminently.

Lotus Resources is entering the final phase of planning to restart its Kayelekera project in Malawi.

Encore Energy is targeting early 2024 for a production restart at its Alta Mesa project in southern Texas.

Uranium Energy Corp The Production Restart Stock Uranium Energy Corp [UEC] announced last week that it’s restarting unhedged uranium production at its Christensen Ranch project in Wyoming, which was put on hold back in 2018. The uranium producer has been steadily bringing the site out of care and maintenance since last year and the market conditions are now right for a restart, according to President […]

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Spott’s analysts are gazing into the immediate future. And they see a few stars. Picture: Getty Images Worried about your resources portfolio in 2024?

Here’s the good news from Sprott’s market strategist Paul Wong and ETF product manager Jacob White, who are predicting a better year for copper and exceptional times for uranium, gold and silver.

In a mid-January note, Wong and White said the new renewable energy/EV-led commodity supercycle would continue to boost metal consumption again in 2024.

Like 2023, increased supply could lead to modest surpluses but geopolitical factors – such as mining disruptions and resource nationalism – could undermine these surpluses quickly. For the latest resources news, sign up here for free Stockhead daily newsletters Political tensions in general will play a huge role in metals markets this year, according to Wong and White.“Geopolitical tensions appear set to rise, especially with a slew of critical elections in 2024 (over […]

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TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to provide an update on its uranium forward sales agreement with Sanmiguel Capital Investment (Bahamas) Ltd., a financial advisory firm assisting with the administration. Since November 2023, Madison Metals has successfully received funds for its first tranche of the Company’s forward sales agreement, at an average price of US$68 per lb. This achievement underscores the uranium agreement’s effectiveness in securing favorable pricing, well above the contractual established US$45 price floor. As there is no price ceiling, Madison’s forward sales agreement provides upside potential for advantageous pricing as the market continues to surge. The significant flexibility of the forward sales agreement allows the Company to adapt and capitalize on the uranium market’s upward price trajectory.

Given the exceptional performance of the current uranium market, with an 88% spot price […]

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Koba Resources is shaping to make a big move into South Australia’s renowned uranium district. Pic via Getty Images. share

Explorer Koba Resources looks set to add uranium to its portfolio

And in a big way, with a potential 80% interest in the promising Yarramba project in South Australia’s world-class yellowcake district

The drills will be spinning in Q2 following shareholder approvals Special Report : Koba Resources is gearing up to grab a slice of hot yellowcake through its interest in the Yarramba project, which already has a 4.6mlb resource in a proven, world-class uranium exploration and mining territory in South Australia. The WA explorer is known for its high-quality lithium and cobalt projects in other top-tier locations globally, including Manitoba and Quebec in Canada, and the Idaho Cobalt Belt in the US.But this latest foray – which has reached a binding agreement stage with Havilah […]

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Shaw and Partners uranium price forecast The research arm of local broking firm Shaw and Partners has significantly upgraded its uranium price forecast on the back of increasing demand and a nuclear acceptance by a growing number of governments around the world.

In a new report, Shaw and Partners has materially upgraded its uranium price forecasts to peak at around US$150 a pound in CY25/26/27.

The current uranium spot price is at a current level of around US$106/lb, up from US$94 last month and US$59 one year ago.

Invest in the latest ASX IPOs and placements The high-flying uranium price comes at a time when the Australian opposition party claims the public is switching its allegiance with regard to the use of nuclear energy.According to Federal Shadow Minister for Climate Change and Energy Ted O’Brien, Australia’s energy minister Chris Bowen is out of step with his own electorate on the need […]

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Uranium mining 1 19 24 Digging for uranium in Wyoming is approaching a feverish gold-rush pitch.

In just one week, prices on the uranium spot market have jumped 15% to $106 a pound, one of the fastest paces of growth in decades for the commodity.

They’ve nearly doubled from a year ago and are up 165% from the mid-$40 range when they first began showing some pop in late 2021.

In response to the price jolt in recent months, Wyoming’s uranium players have opened up mining and production.Texas-based Uranium Energy Corp. and Ur-Energy Inc., both with operations in Casper, have confirmed plans to ramp up production and open mines.Australian-based Peninsula Energy’s chief also sees significant expansion potential at its Lance project located northeast of Gillette.In November 2023 at a precious metals summit in Zurich , Peninsula Energy’s Managing Director and CEO Wayne Heili said that his company is planning to build a […]

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Vancouver, British Columbia – January 19, 2024 (Newsfile Corp.) (Investorideas.com Newswire) ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has received the results of an airborne Z-Axis Tipper electromagnetic ("ZTEM™") survey flown in June 2023 at the Hook-Carter Uranium Project ("Hook-Carter", or the "Project"). Exploration at Hook-Carter is operated by Denison Mines Corp. ("Denison") and the Project is owned 80% by Denison and 20% by ALX.

About Hook-Carter

Hook-Carter consists of eleven claims covering 25,115 hectares and is located in the southwest corner of the Athabasca Basin approximately 147 kilometres northeast of La Loche, SK. The Project has excellent potential to host economic uranium deposits. Hook-Carter is interpreted to host the northeastern strike extension of the Patterson Lake Corridor ("PLC"), which hosts Nexgen Energy’s Arrow uranium deposit, Fission Uranium’s Triple R uranium deposit, and Purepoint Uranium Group’s ("Purepoint") […]

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Kazakhstan-based Kazatomprom, the world’s leading uranium miner, is encountering production hurdles that may impact its output targets over the next two years, contributing to the challenges in the global uranium supply chain.

The London-listed company, controlled by Kazakhstan’s government through its sovereign wealth fund, revealed last Friday that shortages of sulfuric acid and construction delays at newly developed deposits are posing challenges that are likely to persist into 2025. This setback raises concerns about potential disruptions in the supply of nuclear fuel amid a rebound in demand.

In a press release , Kazatomprom stated, “Kazatomprom expects adjustments to its 2024 production plans” due to issues related to the availability of sulfuric acid, a critical operating material, and delays in construction at new deposits. The company had initially planned to increase production to 90% in 2024, a decision based on successful contract signings with new and existing customers. Kazatomprom Faces Production Challenges […]

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Vancouver, British Columbia–(Newsfile Corp. – January 19, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has received the results of an airborne Z-Axis Tipper electromagnetic ("ZTEM™") survey flown in June 2023 at the Hook-Carter Uranium Project ("Hook-Carter", or the "Project"). Exploration at Hook-Carter is operated by Denison Mines Corp. ("Denison") and the Project is owned 80% by Denison and 20% by ALX.

About Hook-Carter

Hook-Carter consists of eleven claims covering 25,115 hectares and is located in the southwest corner of the Athabasca Basin approximately 147 kilometres northeast of La Loche, SK. The Project has excellent potential to host economic uranium deposits. Hook-Carter is interpreted to host the northeastern strike extension of the Patterson Lake Corridor ("PLC"), which hosts Nexgen Energy’s Arrow uranium deposit, Fission Uranium’s Triple R uranium deposit, and Purepoint Uranium Group’s ("Purepoint") Spitfire, Hornet […]

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Vancouver, British Columbia–(Newsfile Corp. – January 19, 2024) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has received the results of an airborne Z-Axis Tipper electromagnetic ("ZTEM™") survey flown in June 2023 at the Hook-Carter Uranium Project ("Hook-Carter", or the "Project"). Exploration at Hook-Carter is operated by Denison Mines Corp. ("Denison") and the Project is owned 80% by Denison and 20% by ALX.

About Hook-Carter

Hook-Carter consists of eleven claims covering 25,115 hectares and is located in the southwest corner of the Athabasca Basin approximately 147 kilometres northeast of La Loche, SK. The Project has excellent potential to host economic uranium deposits. Hook-Carter is interpreted to host the northeastern strike extension of the Patterson Lake Corridor ("PLC"), which hosts Nexgen Energy’s Arrow uranium deposit, Fission Uranium’s Triple R uranium deposit, and Purepoint Uranium Group’s ("Purepoint") Spitfire, Hornet […]

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Uranium will mean big money as prices go up, says Guy Keller. Picture: Okechi Mach/iStock via Getty Images MoneyTalks is Stockhead’ s regular drill down into what stocks investors are pondering right now. We’ll tap our extensive list of experts to hear what’s hot, their top picks, and what they’re looking out for.

Today we hear from Guy Keller, ​ Tribeca Nuclear Opportunities Strategy fund manager.

Since launching six years ago – when the price of uranium was so low a retail investor wouldn’t touch a yellowcake stock with a 10- foot pole – Tribeca’s Nuclear Opportunities Strategy has enjoyed a 565 per cent gain.

Running in line with surging prices for the nuclear fuel, it’s been a year of vindication for the tactic employed by fund manager Guy Keller, who has emerged as one of the leading Australian voices on the long depressed energy commodity. For the latest […]

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Vancouver, BC, Jan. 18, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has acquired several new prospective uranium exploration claims through online staking and through an agreement with Eagle Plains Resources Ltd. (“Eagle Plains”), contributing to Skyharbour’s large property portfolio. These 100% owned claims are located in Northern Saskatchewan, adding an additional 30,184 hectares to Skyharbour’s existing holdings in and around the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the Company remains focused on its co-flagship Russell Lake and Moore uranium projects, these new claims will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance them.

Skyharbour’s Uranium Project Map in the Athabasca Basin:

[…]

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Grist / Getty Images On a windy day last August, President Joe Biden signed a proclamation protecting the canyons, cliffs, and plateaus surrounding the Grand Canyon National Park, nearly a million acres abutting the Navajo Nation and Havasupai Indian Reservation.

Biden said the new national monument was part of his commitment to Native peoples to protect their sacred lands. “Preserving the Grand Canyon as a national park was used to deny Indigenous people full access to their homelands,” Biden acknowledged.

To Carletta Tilousi, one of the leaders of the Havasupai Tribe who have called the Grand Canyon home for more than 800 years, Biden’s presence and his words felt momentous. “Finally, the small voices of Indigenous people have been heard in the White House,” she thought.

But she knew the fight was not over. The monument prevented hundreds of mining claims, but two uranium mines were grandfathered in, in part due to […]

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TICKERS: SASKF, SYH; SYHBF; SC1P, TCEC

View Important Disclosures for this Article

Technical Analyst Clive Maund shares a brief update on the uranium market and three stocks you may want to look into.

Atha Energy Corp (SASKF:OTCMKTS;SASK:CA) Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE)Tisdale Clean Energy Corp. (TCEC:CSE) Two of our uranium stocks, Atha Energy Corp (SASKF:OTCMKTS;SASK:CA) and Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) , which we bought again at correction lows about a week ago, have since taken off strongly higher.No action is required on our part.Uranium prices look set to remain strong as it occupies the central position between the alternative means of energy generation and fossil fuel energy generation, which is being curtailed by New World Order zealots.Nuclear power generation is clean if you forget about the disposal of spent fuel rods or simply dump them in another country and if you are not stupid enough to site […]

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VANCOUVER, BC, Jan. 17, 2024 /CNW/ – ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (" ATHA " or the " Company "), holder of the largest uranium exploration portfolio in the highest-grade uranium district in the world, is pleased to announce results from its large-scale electromagnetic (" EM ") surveys at its 100%-owned North Valour-East Project (the " Project "). The Project is located in Saskatchewan’s Athabasca Basin, within the Company’s North Rim Exploration District (the " North Rim Exploration District ").

EXPLORATION OUTLOOK Figure 1: ATHA Energy Land Package & Exploration Districts (CNW Group/ATHA Energy Corp.) Figure 2: Initial Survey Results Over North Rim Exploration District (CNW Group/ATHA Energy Corp.) ATHA’s recently announced acquisition of Latitude Uranium (CSE: LUR) (OTCQB: LURAF) (" Latitude ") and 92 Energy (ASX: 92E) (OTCQX: NTELF) (" 92E ") is expected to provide the pro-forma company with a newly diversified portfolio […]

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Vancouver, British Columbia–(Newsfile Corp. – January 17, 2024) – Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that it has acquired the 10,845 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation (CCO, CCJ) in the world renowned Athabasca Basin of Saskatchewan. According to the World Nuclear Association (WNA), the highest-grade uranium mine in the world is Cameco’s Cigar Lake in the Athabasca Basin of Saskatchewan, Canada. It has an average grade of 14.69% U3O8. The Athabasca Basin is home to the highest-grade uranium deposits in the world, which includes the highest grade uranium mine in the world owned by Cameco Corporation. In 2021, the Fraser Institute ranked Saskatchewan as number one in Canada, the second-best jurisdiction globally. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence […]

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VANCOUVER, BC, Jan. 17, 2024 /CNW/ – ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) (" ATHA " or the " Company "), holder of the largest uranium exploration portfolio in the highest-grade uranium district in the world, is pleased to announce results from its large-scale electromagnetic (" EM ") surveys at its 100%-owned North Valour-East Project (the " Project "). The Project is located in Saskatchewan’s Athabasca Basin, within the Company’s North Rim Exploration District (the " North Rim Exploration District ").

EXPLORATION OUTLOOK

ATHA’s recently announced acquisition of Latitude Uranium (CSE: LUR) (OTCQB: LURAF) (" Latitude ") and 92 Energy (ASX: 92E) (OTCQX: NTELF) (" 92E ") is expected to provide the pro-forma company with a newly diversified portfolio of uranium projects across the exploration risk curve on top of a strong balance sheet to sufficiently capitalize its exploration-at-scale strategy. Going forward, ATHA’s exploration approach is […]

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F3 Uranium, a top microcap uranium stock, will spin out 14 of its uranium exploration projects in the Athabasca Basin under the name, F4 Uranium

Management views the new listing, planned for the TSXV, as a way to unlock value overshadowed by F3’s flagship Patterson Lake North project

F3 is a uranium project generator and exploration company with 18 strategic projects in the Athabasca Basin

F3 Uranium stock has added 15.12 per cent year-over-year and almost 210 per cent since 2019, trouncing the TSX’s 2.85 per cent and 37.03 per cent returns over the respective periods F3 Uranium (TSXV:FUU) , a top microcap uranium stock, will spin out 14 of its uranium exploration projects in the Athabasca Basin under the name F4 Uranium.The 165,907 hectares worth of projects , many of which are near large uranium deposits, include Murphy Lake, Cree Bay, Hearty Bay, Clearwater West, Wales Lake, Todd, […]

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