Category: Uranium

VANCOUVER, British Columbia, Dec. 27, 2023 (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 definitive option agreement (the “ Option Agreement ”), dated December 20, 2023, with Mamba Exploration Limite d (the “ Optionee ”), an arms-length company listed on the Australian Securities Exchange. Pursuant to the Option Agreement, the Optionee has been granted an option (the “ Option ”) to earn a 75% interest over three years in the 7,302-hectare Canary Project located in the eastern Athabasca Basin. The Option Agreement gives effect to the term sheet previously signed with Allora Resources Pty. Ltd., dated October 30, 2023, which was assigned to the Optionee.

The Option is exercisable by the Optionee in three stages, summarized in Table 1. During the first stage, the Optionee can earn a […]

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Image: Bigstock Energy Fuels Inc. ( UUUU – Free Report ) has announced that uranium production began at three of its permitted and developed uranium mines in Arizona and Utah. The company is prepping two additional mines in Colorado and Wyoming for production within the next year, as well as advancing permitting on numerous other large-scale U.S. mine projects. These moves will help UUUU increase uranium production in the coming years.

The decision to increase uranium production at this time was influenced by a number of favorable market and policy factors, particularly strengthening spot and long-term uranium prices. Uranium spot prices are currently near $90 per pound, the highest level since 2007.

Increased buying interest from U.S. nuclear utilities, U.S. and global government policies supporting nuclear energy to address global climate change, and the need to reduce U.S. reliance on Russia and Russia-controlled uranium and nuclear fuel influenced the company’s decision […]

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The stock of Uranium Energy Corp (UEC) has gone up by 4.42% for the week, with a 4.09% rise in the past month and a 22.59% rise in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are 5.35% for UEC.. The simple moving average for the past 20 days is 1.71% for UEC’s stock, with a 59.79% simple moving average for the past 200 days. Is It Worth Investing in Uranium Energy Corp (AMEX: UEC) Right Now?

The price-to-earnings ratio for Uranium Energy Corp (AMEX: UEC) is 696.84x, which is above its average ratio. Moreover, the 36-month beta value for UEC is 1.85. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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TradeTech’s uranium spot price has continued to break records in recent weeks and the indicator reached US$91.00 per pound U3O8 on December 22—its highest level in 16 years.

ENGLEWOOD, Colo., Dec. 23, 2023 /PRNewswire-PRWeb/ — TradeTech’s uranium spot price has continued to break records in recent weeks and the indicator reached US$91.00 per pound U3O8 on December 22—its highest level in 16 years.

TradeTech’s Weekly Uranium Spot Price Indicator has moved up 91 percent in the last year, increasing from $49.00 to $91.00 per pound U3O8, placing the indicator at a 16-year high. Growing global support for nuclear power and uranium supply concerns, due to the potential for legislation that would ban Russian uranium imports in the USA, have contributed to the price rise. The current price marks the first time that the uranium spot price has broken through the $90.00 price level since late 2007. "Growth in global policy support […]

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VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it has closed a non-brokered private placement offering for total gross proceeds of $300,000 (the “ Private Placement ”).

The Company has allotted and issued 1,250,000 flow-through units at a price of $0.24 per unit (the “ FT Units ”). Each FT Unit is comprised of one flow-through common share, as defined in subsection 66(15) of the Income Tax Act (Canada) (“ ITA ”) as presently constituted, which shall qualify for the federal 30% Critical Mineral Exploration Tax Credit, as defined in subsection 127(9) of the ITA and one-half of one common share purchase warrant (each whole, a “ Warrant ”). Each Warrant will entitle the holder to purchase one non-flow through common share for a period of two (2) years at a […]

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VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it has closed a non-brokered private placement offering for total gross proceeds of $300,000 (the “ Private Placement ”).

The Company has allotted and issued 1,250,000 flow-through units at a price of $0.24 per unit (the “ FT Units ”). Each FT Unit is comprised of one flow-through common share, as defined in subsection 66(15) of the Income Tax Act (Canada) (“ ITA ”) as presently constituted, which shall qualify for the federal 30% Critical Mineral Exploration Tax Credit, as defined in subsection 127(9) of the ITA and one-half of one common share purchase warrant (each whole, a “ Warrant ”). Each Warrant will entitle the holder to purchase one non-flow through common share for a period of two (2) years at a […]

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Interactive stock chart provided by quotemedia Price Volume Oct 2023 Nov 2023 Dec 2023 0.6 0.5 0 3 200k © quote media Skyharbour Resources Ltd. (SHY:TSX.V; SYHBF:OTCQX; SC1P:FSE) announced in a press release on December 19 that its partner, North Shore Uranium Ltd. (NSU:TSX) , has an update related to its ongoing program on the Falcon property. The company reports that the Falcon property is 55,699 hectares and has seen little exploration but returned evidence of uranium mineralization, which has allowed the company to identify drilling targets.

According to Skyharbour, the program expects to continue collecting geophysical and geological data for targeting and anticipates a maiden drill program to launch in Q1 of 2024, as well as a sampling and mapping program in the summer of 2024.

The president and CEO of North Shore, Brooke Clements, commented, "It’s a great time to be exploring for uranium in the Athabasca basin, a […]

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VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has closed its oversubscribed non-brokered private placement via the issuance of 47,726,100 Units at a price of $0.065 per Unit, for gross proceeds of $3,104,537 (“the Offering”). Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.10 until December 20, 2025.

Finders’ fees of $124,798 cash and 1,919,970 broker warrants, respectively, were paid to certain arms-length brokerage firms in connection with completion of the Offering. The broker warrants are exercisable at a price of $0.065 until December 20, 2025. All securities issued in connection with the Offering are subject to a statutory hold period until April 21, 2024 in accordance with applicable securities […]

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TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) — Sachem Cove Special Opportunities Fund (“ Sachem ”) would like to announce an update to its beneficial ownership of Premier American Uranium Inc. (“ PUR ”) pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues (“ NI 62-103 ”). As previously announced by PUR on November 27, 2023, PUR completed the acquisition (the “ Premier Acquisition ”) of Premier Uranium Inc. (“ Premier ”), a privately held U.S. uranium focused project acquisition vehicle which owns a 100% interest in the Cyclone project in the Great Divide Basin of Wyoming and various mining claims in the Uravan Mineral Belt of Colorado. Prior to the Premier Acquisition, Sachem held 92.83% of the issued and outstanding shares of Premier. The Premier Acquisition was completed pursuant to a share purchase agreement dated May 24, 2023 among Sachem, […]

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VANCOUVER, British Columbia, Dec. 21, 2023 (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 closed the final tranche of its private placement (the “ Offering ”). In connection with closing of the final tranche, the Company issued 6,841,700 units of the Company (each, a “ Unit ”) at a price of C$0.05 per Unit for gross proceeds of $342,085. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of $0.09 at any time on or before December 21, 2025.

Three insiders of the Company participated in the Offering and acquired […]

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Vancouver, BC, Dec. 21, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has acquired by staking two new prospective uranium exploration claims in northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 523,097 ha (1,292,600 acres) across 25 projects. These 100% owned claims add an additional 4,726 ha 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, this new property will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance this asset.

Skyharbour’s New Uranium Project Portfolio Map:
https://www.skyharbourltd.com/_resources/maps/SKY_SaskProject_Locator_20231219.jpg

Jordan […]

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Boss Energy ASX BOE Honeymoon uranium South Australia US sales agreement Boss Energy’s (ASX: BOE) rapid growth strategy has achieved another success with the company entering into its first binding sales agreement for the supply of uranium from the Honeymoon project in South Australia.

The re-start of the historic Honeymoon project, Australia’s first new uranium operation for a number of years, will see it come into production in early 2024.

Under the offtake agreement, Boss will sell 1 million pounds of uranium to an unnamed major publicly-listed US power utility over a seven-year period commencing in 2025 and continuing until the end of 2031.

Invest in the latest ASX IPOs and placements Managing director Duncan Craib said the agreement has been signed on market-related pricing and contains a ceiling and floor price above the company’s forecast production costs at Honeymoon.Based on its joint ore reserves committee resource at the Honeymoon Restart […]

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no net zero without uranium In the realm of clean energy, uranium-powered nuclear plants often take a back seat to solar and wind, yet they stand as the second-largest low-carbon electricity source globally. Nuclear energy operates emission-free, mitigating carbon dioxide and curbing harmful air pollutants. It’s not just an alternative; it is pivotal to global clean, sustainable energy transition – the key for net zero emissions.

In this article, we’ll explore the uniqueness and the driving forces behind the resurging interest in nuclear energy . This means delving into the uranium sector, an emerging bullish market and why it’s crucial for a net zero world. Moving Away From Coal With Nuclear Energy

Transitioning from coal to cleaner energy sources is a pivotal step in addressing climate change.

For centuries, coal was the cornerstone of the industrial revolution, but its combustion accounts for over 40% of global carbon emissions. It’s also […]

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PNX Metals has started working towards a resource update at the Thunderball uranium deposit. Pic via Getty Images share

Several priority uranium targets identified, including potential extensions to Thunderball deposit

Potential for significant uranium mineralisation down-plunge of the current resource

Work is underway to update the Thunderball resource Special Report: PNX Metals has identified several priority uranium targets, including potential extensions to the near-surface James Bond-inspired Thunderball deposit in the Northern Territory, with work now underway to update the resource. PNX Metals (ASX:PNX) has started working towards a resource update at the Thunderball uranium deposit following a review of key data that highlighted several priority targets and the potential for significant mineralisation down-plunge of the current resource.Last month, the company received back the uranium rights over a substantial portion of its Pine Creek tenure in the Northern Territory , with the expiration of a 10-year […]

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Is uranium’s bull run done?

Shares of Canadian uranium miner Cameco Corporation ( CCJ -5.55%), which have more than doubled in price over the past year and hit an all-time high late last month, turned tail and dropped 5.6% through close of trading Tuesday.

The sudden, sharp decline followed Cameco’s giving of an "investor day" presentation this morning, which inspired analysts at Canaccord Genuity to downgrade the stock from "buy" to "hold" this afternoon. NYSE: CCJ

CamecoToday’s Change(-5.55%) -$2.57Current PriceCCJ Key Data Points Market Cap$19BDay’s Range52wk RangeVolume14,5315,328,372Gross Margin18.12%Dividend Yield What Cameco said And yet, investors’ reaction to today’s news was a little strange. In today’s presentation, Cameco CFO Grant Isaac noted that Cameco is currently "in [a] very advantageous position" with nuclear power utility customers buying uranium in excess of [the] "replacement rate" as they anticipate future needs for more electricity — and more uranium to feed that need. […]

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Tenex’s U.S. branch informed companies like Constellation Energy and Duke Energy about the possible ban, although Russia hasn’t made a final decision yet.

A U.S. bill to ban Russian uranium imports by 2028 is being debated, which could lead to a significant increase in uranium prices.

Russia is a major supplier of enriched uranium to the U.S., accounting for nearly a quarter of America’s supply last year.

Oil isn’t the only commodity at the center of tensions between the U.S. and Russia… Now Russian state-owned uranium company Tenex is telling American customers that "the Kremlin may preemptively bar exports" to the U.S. if Washington passes certain legislation that would prohibit imports beginning in 2028, Bloomberg reported on Friday . Tenex’s US branch has already alerted firms like Constellation Energy, Duke Energy, and Dominion Energy about a potential scenario, the report says, though Russia hasn’t finalized a decision. The individual […]

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Uranium. Uranium and gold.

The two stellar performers of recent months on the commodity markets and, not by accident, the two commodities that Power Metal Resources is most exposed to.

The gold assets are spread across various jurisdictions, including the USA, southern Africa, and Australia, and are held either directly, or through various of the vehicles in which Power Metal holds an interest.

Up until now, though, the uranium has been held directly.But, as 2023 rolls into 2024, and the uranium price consolidates at its current levels of above US$80 per pound, that’s likely to change.After all, the attractiveness of the Power Metal uranium position in such a strong pricing environment can hardly be understated. The company controls a huge swathe of land – more than a thousand square kilometres – in and around the Athabasca Basin in Canada, arguably the most prolific and reliable source for uranium in the Western world.True, […]

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VANCOUVER, BC / ACCESSWIRE / December 19, 2023 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to provide an update on exploration plans at its 55,699 hectare Falcon Property (" Falcon " or the " Property ") located at the eastern margin of the Athabasca Basin in northern Saskatchewan. The Company has identified a number of high priority uranium targets on the Property and is fully funded to drill several of these targets in Q1 2024.

Falcon is a highly prospective uranium exploration property with a limited exploration history in an area of the Athabasca Basin that is seeing increased exploration activity and recent discoveries.Significant grass roots uranium discoveries in 2021 by Baselode Energy Corp. and 92 Energy Limited approximately 40 kilometres to the north, illustrate the potential for new basement-hosted discoveries in this area. In 2022, both the Company and […]

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The S&P/ASX 200 closed 16.3 points lower, down -0.22%.

Please note that Morning and Evening Wraps will take a break from Wednesday, 20 December and return on 8 January 2024. Kerry & Carl wish you a safe and happy Christmas and New Year!

It looked like a quiet day on the surface, a modest pullback on very little volume within a tight trading range. But there’s still a little bit of action around as the ASX winds down for 2023. M&A activity continues with a buyout offer for Adbri ( ASX: ABC ), and there’s also a bid by Mitsubishi UFJ Financial Group for Link Group ( ASX: LNK ). The lithium rally extended into its second week, but is getting increasingly patchy, and uranium stocks prospered as major broker Macquarie upgraded its medium-term price forecast for the commodity.

Let’s dive in. Today’s major market moves Markets […]

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Its been 12 months since James Cooper suggested backing uramium stocks. But with the sector surging are we due for a pullback?

Dear Reader,

2023 has been a great year for the uranium bulls… A shining light on an otherwise dismal market for commodities.

But if you’ve been sitting on the sidelines, is now the time to jump in? Never miss an updateGet the latest insights from me in your inbox when they’re published.That’s what I’ll try to unpack today.The risks and potential long term opportunity for this once hated sector.So, let’s start by taking a quick glimpse at the recent price action…As you can see below, uranium shot up more than 50% after breaking out of a holding pattern in late April. Source: Trading Economics It’s a staggering move for any commodity, particularly one that’s sat in the gutter for the better part of a decade.But really, the surge was inevitable.This […]

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Tenex’s U.S. branch informed companies like Constellation Energy and Duke Energy about the possible ban, although Russia hasn’t made a final decision yet.

A U.S. bill to ban Russian uranium imports by 2028 is being debated, which could lead to a significant increase in uranium prices.

Russia is a major supplier of enriched uranium to the U.S., accounting for nearly a quarter of America’s supply last year.

Oil isn’t the only commodity at the center of tensions between the U.S. and Russia… Now Russian state-owned uranium company Tenex is telling American customers that "the Kremlin may preemptively bar exports" to the U.S. if Washington passes certain legislation that would prohibit imports beginning in 2028, Bloomberg reported on Friday . Tenex’s US branch has already alerted firms like Constellation Energy, Duke Energy, and Dominion Energy about a potential scenario, the report says, though Russia hasn’t finalized a decision. The individual […]

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Image: Bigstock Being an essential component in sustainable and reliable energy generation, uranium plays a crucial role in shaping the future of energy security. The increasing focus on finding alternative energy sources and diminishing global reliability on fossil fuels, has resulted in a surge in demand for uranium.

Uranium, used mainly in nuclear power plants, is one of the cleanest ways to produce electricity. Acknowledged for its sustainable and low-carbon footprint in addressing the increasing global energy demand, nuclear power stands out as a reliable source of electricity generation.

Given its pivotal role in the global energy landscape, uranium prices stand as a critical subject for investors and policymakers. Uranium Prices Soar to 15-Year Peaked

Driven by robust market demand and bright prospects, according to carbon credits , the uranium spot price hit its 15-year peak, reaching $85 per pound, supporting analyst estimates for a future market rally in the […]

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HALIFAX, NS, Dec. 18, 2023 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement"), dated December 15, 2023, with 1443904 B.C. Ltd. (the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to a 70% interest in the Company’s wholly owned Murmac and Strike Uranium Projects (the "Projects") over a three-and-a-half-year period by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares following completion of a going public transaction. Figure 1: Location of the Murmac and Strike Uranium Projects. (CNW Group/Fortune Bay Corp.) The Projects include mineral claims totalling 19,877 hectares located along the northwestern margin of the Athabasca Basin, near Uranium City, Saskatchewan, in the […]

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HALIFAX, NS, Dec. 18, 2023 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement"), dated December 15, 2023, with 1443904 B.C. Ltd. (the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to a 70% interest in the Company’s wholly owned Murmac and Strike Uranium Projects (the "Projects") over a three-and-a-half-year period by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares following completion of a going public transaction.

The Projects include mineral claims totalling 19,877 hectares located along the northwestern margin of the Athabasca Basin, near Uranium City, Saskatchewan, in the prolific Beaverlodge mining district where approximately 70 million pounds of U 3 O 8 was produced […]

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Investing News Network

December 18, 2023

(NewsDirect)

The demand for uranium is on the rise due to increasing interest in nuclear energy. Projections indicate a 28% increase in demand for uranium reactors by 2030, potentially doubling in the following decade as countries strive for zero-carbon goals, according to Reuters. Governments globally are acknowledging the pivotal role of nuclear power in achieving cleaner energy objectives.From a financial standpoint, the uranium market is experiencing a significant upswing. According to Bloomberg Intelligence, uranium prices have increased by 125% since the end of 2020, and the value of assets held in uranium exchange-traded funds has multiplied twentyfold. This surge aligns with worldwide commitments to address climate change, favorably positioning nuclear power and uranium.Adding a geopolitical dimension, the recent U.S. House of Representatives ban on Russian uranium imports reflects a commitment to securing domestic energy resources amid international tensions.Considering these factors, heading into the new year […]

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