Category: Uranium

An aerial view of Grounded Lithium’s Kindersley project in southwest Saskatchewan. Credit: Grounded Lithium Grounded Lithium shares were up 33% at C$0.10 apiece at mid-day in Toronto on the option deal, valuing the company at C$7.6 million. Its shares have traded between C$0.07 and C$0.50 over the past year.

The cash is expected to offer more than enough funding for a field pilot at the Kindersley lithium project (KLP) that both companies plan to advance. Kindersley, located just north of the namesake town near the Alberta border, sits on top of the Leduc/Duperow formations that underlie the Prairie provinces.

“This is very significant for us in terms of helping us unlock the value of our project,” Grounded CEO Gregg Smith told The Northern Miner in an interview. “Denison is also doing first-of-a-kind uranium mining in Saskatchewan, where they’re doing in-situ extraction of uranium. That really reduces the cost. It’s a very […]

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New Age Metals CORPUS CHRISTI, Texas, Jan. 16, 2024 /CNW/ – Uranium Energy Corp (NYSE American: UEC), the " Company " or " UEC ") is pleased to announce that the Company’s Board of Directors has approved restarting uranium production at its fully permitted, and past producing, Christensen Ranch In-Situ Recovery ("ISR") operations in Wyoming. The recovered uranium will be processed at the fully operational Irigaray Central Processing Plant ("CPP") with a current licensed capacity of 2.5 million pounds U 3 O 8 per year. The Irigaray CPP is the hub central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch.

The first production is expected during August of this year and will be funded with existing cash on the Company’s balance sheet. As UEC’s strategy has been to remain 100% unhedged, produced uranium will be sold at prevailing spot market prices which […]

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Toro Energy ASX TOE uranium Wiluna Lake Maitland Toro Energy (ASX: TOE) says its ongoing “extension study” for the proposed Lake Maitland uranium-vanadium operation in Western Australia continues to identify significant potential at a time when global uranium prices are soaring.

The new study follows up on the promise identified in a previous scoping study and has identified meaningful upside through the inclusion of its nearby uranium resources at Lake Way and Centipede-Millipede.

The study is being undertaken by mining engineers at SRK Consulting Australasia.

Invest in the latest ASX IPOs and placements SRK and metallurgical and processing engineers at Strategic Metallurgy prepared the scoping study for Lake Maitland that highlighted the project’s potential to deliver robust financial returns. Extended project life Notably, the Lake Maitland scoping study did not include any mineral resources from Toro’s other wholly-owned uranium deposits located in the broader Wiluna uranium project in its proposed production […]

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This aerial photograph taken on on October 4, 2023, shows the Rooppur Nuclear Power Plant in Rooppur. Bangladesh on October 5 accepted the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow. Uranium prices surged on Monday as fresh supply worries hit an already strained market. (Photo by Abdul GONI / AFP) (Photo by ABDUL GONI/AFP via Getty Images) Agence France-Presse/Getty Image While stocks dither in the new year, a dramatic rally has been under way in one corner of the commodity market that industry watchers expect to just keep going.

The spot price for uranium, vital for fueling nuclear reactors, climbed to just over $103/pound on Monday, a level not seen since 2007, according to a chart from Numerco , a U.K.-based spot price for uranium. That follows a roughly 90% price gain for the […]

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A miner stands in front oh an excavator at a mine site The All Ordinaries Index (ASX: XAO) is down 1.1% today, but that’s not holding back this rocketing ASX uranium stock.

The ASX uranium share closed yesterday trading for 55 cents. In earlier trade today, shares were swapping hands for 65 cents apiece, up 18.2%.

After some likely profit-taking, shares are currently trading for 63.5 cents, leaving this ASX uranium stock up 15.5% in intraday trade.

Any guesses?If you said Toro Energy Ltd ( ASX: TOE ) give yourself a virtual gold star.Here’s what’s happening. Broader tailwinds for ASX uranium stocks Toro Energy looks to be getting a big lift on two fronts.First, the uranium price hit 16-year highs yesterday, with yellowcake trading above US$100 per pound.The uranium price has been marching steadily higher over the past six months amid renewed global ambitions for nuclear energy.The outlook for the uranium […]

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Webinar Notice Global investment firm Morgan Stanley & Co. International plc+ has released a new report highlighting the bullish outlook for the uranium market. The report suggests that while uranium prices have already reached levels close to their forecast for the second quarter of 2024, there is still significant potential for further upside in the coming months.

Amy Gower, Commodities Strategist at Morgan Stanley, and her team of analysts including Chris Jiang, Helen Amos, Walid Hasanzadeh, and Martijn Rats, see several factors contributing to the positive outlook for uranium prices.

Current Uranium Price and Upside Potential

As of now, uranium is trading at $92.5 per pound, just 2.5% below the firm’s Q2 2024 price forecast of $95 per pound. However, the analysts at Morgan Stanley believe that there is a growing likelihood of an overshoot in uranium prices due to various factors, including fundamentals and financial considerations. They have set […]

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This story features SILEX SYSTEMS LIMITED. For more info SHARE ANALYSIS: SLX

Multiple factors are combining to drive the uranium spot price higher, and brokers expect demand will continue to outstrip supply.

-The U3O8 spot price breaches US$100/lb for first time since 2007
-Supply and demand imbalances behind the rally, suggests Morgan Stanley
-Tight conditions in the uranium, conversion and enrichment markets Uranium prices continue to surge, with industry consultant TradeTech’s weekly spot price indicator rising by US$12/lb to US$104/lb. This new level is a 107% increase compared to the second week of January in 2023.Despite the recent rally, Canaccord Genuity remains positive on the outlook for uranium prices, believing the market remains in a structural deficit , and expects tight conditions to persist.While demand is durable, supply is as fragile as ever, according to the broker, and any further supply disruptions could lead to panic buying by utilities, […]

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This aerial photograph taken on on October 4, 2023, shows the Rooppur Nuclear Power Plant in Rooppur. Bangladesh on October 5 accepted the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow. Uranium prices surged on Monday as fresh supply worries hit an already strained market. (Photo by Abdul GONI / AFP) (Photo by ABDUL GONI/AFP via Getty Images) Agence France-Presse/Getty Image While stocks dither in the new year, a dramatic rally has been under way in one corner of the commodity market that industry watchers expect to just keep going.

The spot price for uranium, vital for fueling nuclear reactors, climbed to just over $103/pound on Monday, a level not seen since 2007, according to a chart from Numerco , a U.K.-based spot price for uranium. That follows a roughly 90% price gain for the […]

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On cue, uranium has crashed through the $100 per pound ceiling, its highest since 2007, with the potential for more to come as demand for the nuclear fuel outstrips supply.

Uranium exposed companies are enjoying boom trading conditions with share-price increases over the past week of more than 30%, taking gains since this time last year to more than 80%. A sign supporting the mining of uranium on a desk in Chatham, Virginia, U.S., in 2018. Photographer: … [+] Australian listed Boss Energy, which is close to producing its first uranium from the redeveloped Honeymoon project has risen by 33% in a month and 132% in 12-months.

Leading Canadian uranium miner, Cameco, has risen by 96% over the past year and London-listed Yellow Cake, which is named after a form of traded uranium (yellowcake), is up 82%.

Pressure has been building in the uranium market for the past five years as a […]

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‘That White Cliff is looking good!’ Picture: Getty Images White Cliff Minerals has bolstered its blossoming Canadian portfolio with the acquisition of a historical mining operation in a region considered to have the strongest potential for IOCG-uranium style mineralisation in the country.

Previously focused on a range of exploration assets in Western Australia, White Cliff (ASX: WCN ) recently diversified its interests into Canada via the acquisition of 61 mineral claims covering more than 805sq km in the Coppermine River area of Nunavut.

The company has now added the Radium Point IOCG-uranium silver project in Northwest Territories to its burgeoning offshore portfolio and will soon start looking in and around former mining sites to identify potential extensions to previously exploited mineral lodes, as well as known prospects which have not been followed up.

For the latest mining news, sign up here for free Stockhead daily newsletters Covering a massive area in […]

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URA ETF stock gains momentum as uranium prices surge Uranium prices continued their uptrend as concerns about supply remained. As a result, the Global X Uranium ETF (URA) surged to a high of $31.50, its highest point since January 2013, making it one of the top performers this year. It has risen by more than 400% from its lowest point in 2020. URA inflows are rising

The Global X Uranium ETF is one of the biggest funds in the energy industry with over $2.7 billion in assets. Recently, more investors have continued to allocate capital in the fund as demand rose.

Data by ETF.com shows that the fund has had inflows in the past five straight months. In all, it has added over $370 million in assets. This trend has helped the fund surge to its highest level in more than a decade.

URA is an ETF that gives investors access […]

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Pic: Via Getty share

White Cliff to acquire historical uranium project in the Northwest Territories of Canada called Radium Point

Terra Uranium pegs more ground in Canada’s famous Athabasca Basin

Most ASX uranium stocks up at the open, with 12 stocks gaining 20% or more Here are the biggest resources winners in early trade, Monday January 15. WHITE CLIFF MINERALS (ASX:WCN) Uranium prices are now edging toward US$100/lb, from less than US$40/lb in 2022.Stocks have ostensibly lagged the rise, and we are far from the frothy nonsense that defined the lithium market in 2022.With battery metals currently in the toilet, more speculative exploration stocks on the ASX may look to a commodity with a bit of ‘go’ about it.Former lithium explorer WCN today announced plans to acquire a historical uranium project in the Northwest Territories of Canada called Radium Point.The Iron Oxide Copper Gold Uranium […]

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The S&P 500 and Nasdaq mark the first weekly gain of 2024, US stocks edged higher despite underwhelming big bank results and big declines in airline stocks, Tesla shares drop on China price cuts and German plant shutdown, the US and UK launch airstrikes against Houthi rebels, US producer prices unexpectedly fall, uranium stocks continue to soar on production headwinds and why the Bitcoin ETF is bearish for prices (at least historically speaking).

Let’s dive in. S&P 500 SESSION CHART

S&P 500 intraday S&P 500 marginally higher, down from best levels (Source: TradingView) MARKETS

S&P 500 marginally higher but off session highs of 0.46% S&P 500 and Nasdaq logged weekly gains of 1.9% and 3.1% after a two-week losing streak and a sluggish start to 2024 Treasury yields eased after US PPI unexpectedly declined in December, the US 2-year yield marked its lowest close since 17 […]

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ASX 200 futures are trading 5 points higher, up 0.06% as of 8:30 am AEDT. Source: Market Index S&P 500 SESSION CHART

S&P 500 marginally higher, down from best levels (Source: TradingView) MARKETS

S&P 500 marginally higher but off session highs of 0.46%

S&P 500 and Nasdaq logged weekly gains of 1.9% and 3.1% after a two-week losing streak and a sluggish start to 2024 Treasury yields eased after US PPI unexpectedly declined in December, the US 2-year yield marked its lowest close since 17 May 2023 Bullish focus points for the week – QT tapering talk, disinflation momentum, growing soft-landing expectations, AI proliferation with Nvidia shares up more than 10% last week, low bar into Q4 earnings season Bearish focus points for the week – Fed policymakers pushing back against aggressive rate cut expectations priced by markets, geopolitical tensions, stretched sentiment and positioning metrics, EV space under […]

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Source: Adobe Stock White Cliff Minerals (ASX:WCN) secures a uranium project in Canada

The project in question is the Radium Point iron oxide copper gold uranium play

It’s located in a historical mining province

The move comes as uranium prices see a bull run continue into 2024 Expect many microcap explorers to move into uranium while prices are high Shares are up 40 per cent, trading at 1.4 cents at 11:03 am AEDT White Cliff Minerals (ASX:WCN) has acquired uranium acreage in Canada – likely the first of many microcaps this year to acquire uranium prospects as the commodity enjoys a bull run.While lithium prices continue to tank along with many other commodities – a situation where Benchmark Minerals Intelligence expects lithium prices to stay low for five years – uranium is going the other way.Since hitting pre-Fukushima levels last year, the commodity has climbed […]

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VANCOUVER, British Columbia, Jan. 12, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce its exploration plans for 2024, comprising multiple targeted exploration programs to continue advancing its uranium projects in the Athabasca Basin (the “ Basin ”), Saskatchewan, Canada towards discovery.

The Company holds nearly 200,000 acres of prime exploration real estate comprising eight projects across the prolific Athabasca Basin, which hosts the world’s highest grade uranium deposits (Figure 1). The Company boasts multiple turnkey, drill-ready projects across the Basin, with permits in hand, First Nations agreements signed, vendors secured, and highly prospective uranium targets.

2024 Exploration Objectives Plan and operate at minimum, three drill programs on three projects across the Basin, two of which will be partner-funded and provide operator fees to the Company.

Complete initial exploration and geophysical programs on […]

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Shares of top uranium stocks are skyrocketing higher today on the news that uranium prices have hit their highest levels since 2007.

Various supply and demand factors appear to be playing into strong bull market expectations.

If uranium prices continue to rise, these producers could see a big upside in the coming quarters.

Source: Shutterstock Shares of a wide range of uranium stocks are seeing a big upside today as investors price some rather bullish prospects into uranium producers to kick off 2024.For major players such as Cameco (NYSE: CCJ ), Uranium Energy (NYSE: UEC ) and NexGen Energy (NYSE: NXE ), this enthusiasm has prompted share price gains of between 7% and 12% at the time of writing.Much of this move concerns surging uranium prices , which have risen to their highest levels since 2007. This move has led various analysts to suggest that the fundamentals of this […]

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When mining magnate and billionaire investor Tim Goyder spoke to Mining.com.au at Resources Rising Stars in May 2023 he was clear on his stance regarding uranium.

“I’m a uranium bull,” he had told this news service on the sidelines of the Brisbane event.

At the time, the spot price of uranium had only just trickled over US$50 per pound.

The uranium market by that stage was strengthening during Q2 2023, with the spot price increasing from US$50.35 per pound to US$56.20/lb, peaking at US$57.75/lb.Then in December 2023, an equally bullish Terra Uranium (ASX:T92) Executive Chairman Andrew Vigar told Mining.com.au that the price of the heavy metal was on its way to again hitting US$100.When Vigar sat down for a wide-ranging interview at the end of last year, the price was about US$86/lb, which by then was a 56% jump in the spot price year-to-date.Terra Uranium’s Executive Chairman’s comments have since proven […]

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TSX-V-listed exploration and development company Fortune Bay has acquired the Spruce uranium project in the north-central margin of the Athabasca basin, near the community of Fond du Lac, in Saskatchewan, through staking over the past several months.

The project comprises four mineral claims covering 6 855 ha and has potential for high-grade, basement-hosted uranium deposits. The project covers over 6 km of prospective strike length along the Grease River Shear Zone (GRSZ), a major structural corridor that hosts the historical Fond du Lac uranium deposit.

The GRSZ is significantly underexplored relative to other major, basin-margin structural corridors that have yielded significant basement-hosted uranium discoveries. Historical surface uranium shows 1.60% uranium oxide (U 3 O 8 ) and 0.65% U 3 O 8 from limited prospecting.

There is also additional rare earth element (REE) potential, including historical surface REE showings of 3.13% total rare earth element (TREE), 1.23% TREE, 0.88% TREE and 0.85% […]

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Source: Shutterstock Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So, the natural question for Elevate Uranium ( ASX:EL8 ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company’s annual negative free cash flow, henceforth referring to it as the ‘cash burn’. First, we’ll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for Elevate Uranium Does Elevate Uranium Have A Long Cash Runway?

You can […]

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As 2023 drew to a close, the nuclear energy market witnessed a remarkable turnaround, particularly in its primary fuel, uranium.

For the past decade, the market had been sidelined, but it appears nuclear energy is experiencing a palpable resurgence, earning its place back in the global energy discussion.

While this resurgence was marked by shifting public sentiment and governmental support, it was also underscored by significant developments and challenges in the nuclear sector. Sprott Asset Management , which specializes in precious metals and energy transition investments, explored these events in detail in its latest uranium outlook, “ What a Year for Uranium and Nuclear Energy .”

Below are the key highlights from the report , written by CEO John Ciampaglia. The resurgence of nuclear The nuclear sector’s journey from oblivion to center stage by 2023 was nothing short of dramatic. At COP26 in 2021, governments began to acknowledge nuclear power as a […]

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Source: Shutterstock Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So, the natural question for Elevate Uranium ( ASX:EL8 ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company’s annual negative free cash flow, henceforth referring to it as the ‘cash burn’. First, we’ll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for Elevate Uranium Does Elevate Uranium Have A Long Cash Runway?

You can […]

Click here to view original web page at simplywall.st

VANCOUVER, British Columbia, Jan. 11, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that it has signed a term sheet (the “ Term Sheet ”), dated January 9, 2024, with Summit Fusion Pty. Ltd. (the “ Optionee ” or “Summit” ), an arms-length private, Australian company. Pursuant to the Term Sheet, the Optionee will be granted the option (the “ Option ”) to earn a 75% interest in the 3,737-hectare Ascent Project (“ Ascent ” or the “ Project ”) located in the eastern Athabasca Basin (Figure 1).

The Option is exercisable by the Optionee in three stages, summarized in Table 1. During the first stage, the Optionee can earn a fifty-percent (50%) interest in the Ascent Project by: completing cash payments totaling $200,000, arranging for the issuance of $200,000 worth of […]

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Vancouver, British Columbia, Jan. 11, 2024 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) announces that Michael England has resigned as a director of the Company to pursue other opportunities. The Company would like to thank Mr. England for his contributions to the Company.

The Company is pleased to also announce that Eugene D. Spiering has been appointed a director of the Company to fill the vacancy. Mr. Spiering is an exploration geologist with over 35 years of international experience in mineral exploration and senior level project management in the Western United States, South America, and Europe. He served 14 years as VP Exploration for Rio Narcea Gold Mines in Spain where he participated in the discovery of the El Valle gold deposit and managed the definition and development of the Aguablanca nickel sulfide deposit. Rio Narcea Gold Mines was subsequently acquired for […]

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Highlights:
(All dollars USD) Large, long-life project with 31.2 million pounds produced over 31 years

Low initial capital costs of $47.5M

Unit operating costs (including taxes and royalties) of $27.70/lb and ASIC (all in sustaining costs) of $34.83/lb
Pre-income tax IRR of 62% and NPV (8%) of $278 million (at $75/lb U 3 O 8 ) Post-income tax IRR 56% and NPV (8%) $239 million (at $75/lb U 3 O 8 ) Life of Project post-income tax cash flow exceeds $1 billion Upside opportunities include: Potential for accelerated development of the resource beyond one million pound per annum straight line case outlined in the PEA; existing license allows for a 3-million-pound capacity at planned CPP (Central Processing Plant); Potential for enhanced recoveries (PEA assumes recovery of 68% of the resource in the production area) or expansion of the current resource through infill and exploration drilling; Inclusion of Crownpoint resource […]

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