Category: Uranium

DALLAS, Oct. 24, 2024 /CNW/ – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the " Company " or " enCore" ), a uranium producer and America’s Clean Energy Company™, today provided an update on the production ramp up at its South Texas Alta Mesa In-Situ Recovery ("ISR") Uranium Central Processing Plant ("Alta Mesa CPP") and Wellfield. The Company has achieved an important milestone in the expansion of production and is now nearing flow capacity at the first of Alta Mesa CPP’s three ion exchange circuits ("IX circuits"). The three IX circuits can provide dissolved uranium in groundwater to the Alta Mesa CPP from multiple wellfields simultaneously.

Significant operational highlights include: The three IX circuits each have 2,500 gallons per minute ("gpm") capacity. The first IX circuit was commissioned in June 2024, with the second IX circuit planned to commence operation in Q1/25 and the third IX circuit planned to be […]

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

IsoEnergy and Purepoint Uranium have announced the formation of a significant joint venture (JV) to explore and develop uranium properties in Saskatchewan’s eastern Athabasca Basin, covering an extensive area of over 980 square kilometers. The joint venture will be structured with IsoEnergy holding a 60% stake, while Purepoint will retain 40%. This partnership will encompass ten projects, including IsoEnergy’s Geiger, Thorburn Lake, Full Moon, Edge, Collins Bay Extension, North Thorburn, 2Z Lake, and Madison, as well as Purepoint’s Turnor Lake and Red Willow projects.

In a strategic move to strengthen their collaboration, IsoEnergy plans to invest C$1 million into Purepoint through a concurrent equity financing. This funding not only boosts Purepoint’s financial resources but also provides IsoEnergy with exposure to Purepoint’s broader exploration initiatives in the Athabasca Basin. Notably, Purepoint’s Hook Lake project has previously reported promising drilling results, including a notable intercept of 10 meters of uranium at a […]

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

IsoEnergy and Purepoint Uranium have formed a joint venture to explore and develop uranium properties in Saskatchewan’s Athabasca Basin . The venture includes 10 projects covering over 98,000 hectares in the eastern basin. Key highlights:

1. IsoEnergy will hold a 60% initial interest , Purepoint 40%.
2. The portfolio includes properties along the Larocque Trend , a proven corridor for uranium mineralization.
3. IsoEnergy will invest $1 million in Purepoint’s concurrent equity financing.
4. Purepoint will operate during exploration; IsoEnergy takes over in pre-development.
5. Purepoint plans a 10:1 share consolidation and a $2 million private placement .The joint venture aims to leverage both companies’ expertise and accelerate discoveries in the region.Positive Formation of a joint venture covering 98,000 hectares of prospective uranium properties Portfolio includes projects along the Larocque Trend, a proven corridor for uranium mineralization IsoEnergy’s $1 million investment in Purepoint’s equity financing Potential for accelerated discoveries and […]

Click here to view original web page at www.stocktitan.net

Skyharbour Resources has completed its earn-in requirements to acquire a 51% interest in the Russell Lake Uranium Project in Northern Saskatchewan, forming a joint venture with Rio Tinto. The company achieved this by paying CAD $508,200, issuing 3,584,014 common shares, and incurring $5,717,250 in exploration expenditures over 3 years.

The Russell Lake Project spans 73,294 hectares and is strategically located between key uranium projects. Recent drilling success includes a notable discovery at the Fork Target area, with hole RSL24-02 returning 0.721% U3O8 over 2.5 metres. Skyharbour is planning a fall drill program of 4,000-5,000m to follow up on recent discoveries.

Positive Completed 51% ownership acquisition in Russell Lake Uranium Project

Strategic location between major uranium projects with existing infrastructure Significant uranium discovery with hole RSL24-02 yielding 0.721% U3O8 over 2.5m Fully funded for upcoming 4,000-5,000m fall drill program Negative None. Vancouver, BC, Oct. 23, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. […]

Click here to view original web page at www.stocktitan.net

two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site. ASX uranium shares Boss Energy Ltd ( ASX: BOE ) and Alligator Energy Ltd ( ASX: AGE ) are both making news headlines today.

S&P/ASX 200 Index (ASX: XJO) listed Boss Energy reported on its quarterly activities this morning.

And All Ordinaries Index (ASX: XAO) listed Alligator Energy revealed the early results from an inaugural uranium drilling program.

Here’s what’s happening. Alligator Energy announces significant uranium discovery Alligator Energy shares have yet to lift off after the ASX uranium share reported that chemical assay results from its exploratory drilling campaign at the Big Lake Uranium Project in South Australia confirm preliminary findings of a "significant new uranium discovery". Alligator shares are flat in early morning trade at 4.8 cents a apiece.The miner said the […]

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

C2C Metals Corp has acquired five uranium-vanadium properties spanning approximately 5,400 acres in Colorado’s Uravan Mining District. The acquisition cost includes $66,760 USD, $90,000 in C2C shares, and a 1% Net Smelter Return Production Royalty. The properties include Eula Belle , which historically produced 1,598,000 pounds of uranium from 1962-1978, and contains historical estimated reserves of 219,900 pounds of uranium and 790,200 pounds of vanadium. Other acquired properties include Mum-Whitney Extension, Norther, Spud Patch, and Dulaney Extension, all strategically located in areas with historical mining activity and potential resources.

Positive Historical production data shows Eula Belle was a leading producer with 1.59M pounds of uranium

Eula Belle property has historical estimated reserves of 219,900 lbs uranium and 790,200 lbs vanadium

Strategic acquisition in prolific mining district with 80M lbs uranium and 400M lbs vanadium historical production Negative Historical resource estimates require additional verification work Additional drilling and logging needed to […]

Click here to view original web page at www.stocktitan.net

Uranium mining exchange traded funds (ETFs) are having a strong October thus far. One of the reasons for the increased investor interest is the use of nuclear power by big tech.

The largest tech companies are focused on bolstering their artificial intelligence (AI) ambitions. That will require an insurmountable dose of power to run these applications. Higher demand for electricity has been the result of this need, but another alternative that big tech is looking into is nuclear power.

“Exchange-traded funds that track uranium miners and nuclear-energy stocks have skyrocketed in October, as major tech companies have tapped into nuclear power to fuel data centers as part of their AI push,” confirmed the Financial Times.

Interest in nuclear energy has been growing in the past years as the push to reduce global emissions continues to gain momentum. As such, more countries are considering the use of nuclear energy. That’s placing higher […]

Click here to view original web page at etfdb.com

Boss Energy ASX BOE quarterly report The ramp-up of Boss Energy’s (ASX: BOE) Honeymoon uranium project in South Australia is proceeding as planned, with the first ion exchange production column reaching nameplate capacity during during the three months to the end of September.

The company reported that 89,516 pounds of uranium oxide were drummed during the period, compared to 28,844lb in the June quarter and the second column is now operating, with the third on track for completion by year-end.

Honeymoon’s final three columns will be commissioned in 2025, enabling the ramp-up to continue in line with feasibility study forecasts and achieve nameplate capacity of 2.45Mlbpa. Uranium sales

Boss secured its third binding sales contract for Honeymoon concentrate during the quarter, signing a market-linked deal with a US power utility.This follows the July sale of 200,000lb of uranium oxide to a European nuclear utility under an existing sales contract, resulting in […]

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

TORONTO, Oct. 22, 2024 /CNW/ – Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM ; ASX: LAM; OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia, is pleased to announce more assay results from the 2024 drilling activities at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ). Figure 1. Cross section 204150E looking west (window +/-50m), showing mineralisation wireframes (solid yellow lines) and interpreted mineralisation. Refer Figure 2 for Plan view. (CNW Group/Laramide Resources Ltd.) Figure 2: 2024 Long Pocket Drill Collar location and Cross Section (Figure 1) 8065125N (CNW Group/Laramide Resources Ltd.) Assays have now been received from the remaining 32 RC drill holes at Long Pocket, with 29 of these holes mineralized. (Table 2) Long Pocket drilling has demonstrated that uranium mineralisation is laterally continuous with drillhole collar spacing now generally less […]

Click here to view original web page at www.newswire.ca

IsoEnergy and Purepoint Uranium have formed a Joint Venture to explore and develop uranium properties in Saskatchewan’s Athabasca Basin. The venture includes 10 projects covering over 98,000 hectares in the eastern part of the basin. Key highlights:

1. IsoEnergy will hold a 60% initial interest, with Purepoint holding 40%.
2. The portfolio includes properties along the Larocque Trend , a promising area for uranium discoveries.
3. IsoEnergy will invest $1 million in Purepoint’s concurrent equity financing.
4. Purepoint will operate during the exploration phase, with IsoEnergy taking control in pre-development.
5. The deal involves a 10:1 share consolidation for Purepoint and a $2 million private placement.Both companies view this partnership as an opportunity to leverage their expertise and accelerate uranium exploration in the region.Positive Joint Venture consolidates a large land position of 98,000 hectares in the prospective eastern Athabasca Basin Portfolio includes properties along the Larocque Trend, known for high-grade […]

Click here to view original web page at www.stocktitan.net

Snow Lake Energy (NASDAQ: LITM ) has announced the start of drilling on the Engo Valley Uranium Project in Namibia. The company has initiated a two-phase drill program designed to confirm and delineate historically documented uranium mineralization. The first phase , currently underway, involves approximately 1,500 meters of reverse circulation drilling to twin and create an in-fill grid pattern between historical drill holes. Downhole radiometrics will be conducted on each new drill hole, with initial results expected shortly after completion.

A second phase , consisting of about 2,100 meters of reverse circulation drilling, will follow to expand the infill grid, aiming to produce an initial SK-1300 compliant mineral resource estimate . CEO Frank Wheatley expressed optimism about confirming and delineating uranium mineralization at Engo Valley, noting that ground geophysics have been completed and drillers are now on site.

Positive Commencement of drilling on the Engo Valley Uranium Project in Namibia

Two-phase […]

Click here to view original web page at www.stocktitan.net

Yellow Cake Sharecast graphic / Josh White Yellow Cake

604.50p

16:40 21/10/24

1.26%7.50p Yellow Cake , a specialist company holding physical uranium for long-term investment, reported a 4.4% decrease in the value of its uranium holdings during the September quarter on Monday. FTSE AIM 100 3,568.52 17:09 21/10/24n/an/a FTSE AIM All-Share 734.95 17:09 21/10/24n/an/a Industrial Metals & Mining 6,267.79 16:44 21/10/24-0.61%-38.30The AIM-traded firm said the decline mirrored a drop in the uranium spot price, which fell from $85.50 per pound at the end of June, to $81.75 per pound by the close of the quarter on 30 September.However, since the quarter ended, the spot price had seen a recovery to $83.25 per pound.The company said its uranium holdings, valued at $1.77bn at the end of September, were down from $1.85bn in June.Correspondingly, Yellow Cake’s estimated net asset value per share decreased by 10.1%, from […]

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

Heavy Rare Earths Havilah Resources ASX HRE HAV uranium prospects sale Heavy Rare Earths (ASX: HRE) has entered into an agreement with Havilah Resources (ASX: HAV) to acquire the Radium Hill, Lake Namba-Billeroo and Prospect Hill uranium projects in north-eastern South Australia.

The three projects cover a total area of 2,949 square kilometres across 22 tenements or part-tenements in the uranium-rich Curnamona Province in an area that hosts two operating in-situ leach (ISL) mines at Honeymoon – owned by Boss Energy (ASX: BOE) – and Four Mile, owned by private company Heathgate Resources.

Heavy Rare Earths plans to initially target extensions of the Radium Hill deposit, the southern extension of the Billeroo palaeochannel, the southern Namba palaeochannel and potential palaeochannels north and east of Prospect Hill. Exploration commitment

Heavy Rare Earths will earn an initial 80% interest in the uranium rights on all projects by spending $3 million on exploration and […]

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

Arrow Energy – Standard Uranium CEO discusses promising exploration results from Sun Dog project – ICYMI Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) CEO Jon Bey joined Proactive to discuss the company’s latest developments and the growing momentum in the uranium sector.

Bey highlighted the progress made at Standard Uranium’s Sun Dog project, its ongoing partnership with Arrow Energy , and the exploration plans for the year ahead.

The CEO also shared insights on the broader uranium market, highlighting the increasing demand for nuclear energy driven by major tech companies.

Proactive : Interesting news release out from the company, talking about your Sun Dog uranium project. You and I have talked in the past about these partnerships that you’ve put together and how this is the business model of the company moving forward. A great example of how one is really working. Jon Bey : Yes, thank you for remembering that. We […]

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

Source: Shutterstock Last week, CanAlaska Uranium Ltd. ( CVE:CVV ) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 11% last week, resulting in a CA$13m increase in the company’s market worth, implying a 77% gain on their initial purchase. As a result, the stock they originally bought for CA$106.1k is now worth CA$188.0k.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for CanAlaska Uranium CanAlaska Uranium Insider Transactions Over The Last Year

In fact, the recent sale by Nathan Bridge was the biggest sale of CanAlaska Uranium shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below […]

Click here to view original web page at simplywall.st

Shares in Uranium Energy ( UEC 1.32%) rose by a whopping 17.8% in the week up to Friday morning. The move comes in a positive week of newsflow for the nuclear industry, which is good news for a pure-play nuclear stock like Uranium Energy. Google signs up for nuclear power

Alphabet ‘s Google became the latest technology behemoth to sign up. The cloud services company signed a power purchase agreement (PPA) for electricity powered by nuclear energy following its deal with Kairos Power. The plan is for Kairos to have the first of multiple small modular reactors online by 2030, leading to more deployments later. NYSEMKT: UEC

Uranium Energy

Today’s Change(1.32%) $0.11Current Price$8.46UEC S&P Key Data Points Market Cap$3BDay’s Range$8.22 – $8.6352wk Range$4.06 – $8.66Volume14,144,661Avg Vol8,293,384Gross Margin-6483.48%Dividend YieldN/AIt’s the latest in a line of technology companies signing PPAs, following Amazon Web Services’ (Amazon’s cloud services business) deal to buy […]

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

Dear Reader,

This past Wednesday, Amazon became the latest of the Big Five tech brands to announce its entry into the nuclear energy business.

The world’s biggest online retailer signed three deals, including one with public utility conglomerate Energy Northwest, another with developer X-Energy for the construction of small modular reactors (SMRs), as well as an agreement with Dominion Energy for SMR development in Virginia. amazon frown logo The driving force behind all this is the same as it is for the rest of the world’s biggest technology corporations: The evolution of AI, which could account for as much as 10% of the U.S. energy market by the end of the decade.

I said it before in the previous weeks, but it warrants repetition: If this foray into the world of nuclear energy appears desperate, I assure you it’s not out of greed.Artificial intelligence has already been identified as the next paradigm-shifting […]

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

DF News Desk

print Pixabay File Photo. Uranium prices have soared to 15-year highs as major tech companies like Google, Amazon and Microsoft strike deals for nuclear power to meet the rising energy demands of artificial intelligence and data centers, reported Xinhua.

Nuclear fuel is trading at 83.30 U.S. dollars per pound (about 0.45 kilogram) as of Thursday, a level not seen since 2007, as miners struggle to keep pace with growing demand. The International Energy Agency (IEA) predicts nuclear electricity generation could nearly triple in North America by 2050.

"With global uranium supply lagging behind demand, the market will likely see higher prices," John Ciampaglia, CEO of Sprott Asset Management, told MarketWatch. Sprott operates a physical uranium trust and other funds that invest in miners.Kazakhstan, which typically supplies over one-third of the world’s uranium, has slashed production due to shortages of key mining inputs, Ciampaglia noted. Other major producers like […]

Click here to view original web page at www.dailyfinland.fi

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2024) – DARK STAR MINERALS INC. (CSE: BATT) (the " Company " or " Dark Star ") is pleased to announce that, further to the Company’s news release dated July 3, 2024, it has renegotiated the terms of its previously announced transaction with Cronin Exploration Inc. (" Cronin ") for the acquisition of certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the " Ghost Lake Property " or " Property ").

Marc Branson, President, Chief Executive Officer and a director of Dark Star state: "Dark Star is pleased to have been able to renegotiate the proposed terms for the Company’s acquisition of the Ghost Lake Property with Cronin. As mentioned before, we are very excited to have the opportunity to expand the Company’s exploration prospects into uranium; a critical mineral we believe […]

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

Vancouver, British Columbia–(Newsfile Corp. – October 18, 2024) – DARK STAR MINERALS INC. (CSE: BATT) (the " Company " or " Dark Star ") is pleased to announce that, further to the Company’s news release dated July 3, 2024, it has renegotiated the terms of its previously announced transaction with Cronin Exploration Inc. (" Cronin ") for the acquisition of certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the " Ghost Lake Property " or " Property ").

Marc Branson, President, Chief Executive Officer and a director of Dark Star state: " Dark Star is pleased to have been able to renegotiate the proposed terms for the Company’s acquisition of the Ghost Lake Property with Cronin. As mentioned before, we are very excited to have the opportunity to expand the Company’s exploration prospects into uranium; a critical mineral we believe […]

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

Uranium Royalty Announces Voting Results

and Appointment of Director

DESIGNATED NEWS RELEASE

Vancouver, British Columbia – October 17, 2024 – Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (" URC " or the " Company ") is pleased to announce that at its annual general and special meeting held on October 17, 2024 (the " Meeting " or " AGSM "), all nominees listed in its management information circular dated August 23, 2024 were elected as directors of the Company.Each of the following five nominees proposed by management was elected as a director on a vote by show of hands. The proxies received by management with respect to the election of directors were as follows: Director Percentage of Votes For Percentage of Votes Withheld Amir Adnani 83.17% 16.83% Scott Melbye 83.32% 16.68% Vina Patel 98.12% 1.88% Neil Gregson 98.23% 1.77% Donna Wichers 82.98% 17.02% As a result, […]

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

Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) held its annual general and special meeting on October 17, 2024, where shareholders elected five directors to the company’s board. The elected directors are Amir Adnani, Scott Melbye, Vina Patel, Neil Gregson, and Donna Wichers . Following the meeting, the board appointed members to various committees, including the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company’s auditor and authorized amendments to the Long-Term Incentive Plan. The meeting saw a total of 60,041,175 common shares voted , representing 49.42% of outstanding shares.

Notably, Donna Wichers was elected as a new board member. With over 40 years of experience in the uranium industry, Ms. Wichers brings extensive expertise to the board, having held senior roles in various uranium mining companies and served on multiple industry boards.

Positive Election of experienced directors with high approval […]

Click here to view original web page at www.stocktitan.net

Tech giants are grabbing on to nuclear energy projects to help power their growing data centres. Pic: Getty Images Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News.

• Uranium stocks rise on the back of Amazon’s rising nuclear ambitions
• Deep Yellow and Lotus Resources have both shot up the bourse as Sprott increases its shareholdings
• Koonenberry Gold and Global Uranium and Enrichment rise on proposed Enmore gold project transaction

Here are the biggest small cap resources winners in morning trade, Thursday, October 17. Prices accurate at time of writing. As the great Kevin Costner once said in arguably his best-ever movie, Field Of Dreams , "If you build it, they will come." And come they did – investors that is, into uranium stocks, which have shot up on news that Amazon will join Google and Microsoft […]

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

Global Uranium Koonenberry Gold Enmore Gold Project M&A

WRITTEN BY Aaliyah Rogan

Global Uranium and Enrichment (ASX:GUE) has entered into a binding sale and purchase agreement with Koonenberry Gold (ASX:KNB) for the sale of the Enmore Gold Project in New South Wales , Australia.

The Enmore Project is located in the New England Fold Belt, 20km from the 1.7-million-ounce Hillgrove Gold-Antimony Mine.Under the agreement, Koonenberry will issue 35 million shares to Global Uranium and is also required to conduct a $2 million capital raising and secure shareholder approval in November 2024.Global Uranium, which has a market capitalisation of $21.25 million, says the proposed sale of Enmore aligns with its commitment to deliver its growth strategy in developing its North American uranium portfolio.The sale also provides Global Uranium with exposure to a broader portfolio of gold assets. By retaining an equity position in Koonenberry, the company is positioning itself […]

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

ASX resets record as AMP, uranium stocks soar

Joshua Peach

The sharemarket managed to chart its second record high of the week on Thursday, despite an unexpected gain in the labour market and slumping iron ore prices.

The S&P/ASX 200 Index climbed 71.3 points, or 0.9 per cent, to close at a fresh peak of 8355.9 points. The All Ordinaries added 0.8 per centBank stocks led the charge after a strong earnings report from Morgan Stanley overnight. Commonwealth Bank rallied 1.6 per cent to $142, Westpac added 2.6 per cent to $32.55, ANZ gained 1.3 per cent to $31.82 and National Australia Bank rose 1.7 per cent to $39.12.Investors took some money off the table after a robust employment report tempered rate-cut bets. The data showed the Australian economy added 64,100 jobs in September, more than double the market expectations. One in three Money markets now imply less than a one-in-three […]

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