Category: Uranium

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TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

VANCOUVER, BC, July 12, 2023 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce it has closed the oversubscribed 2 nd and final tranche of the non-brokered private placement financing announced on June 8, 2023, consisting of 7,861,032 units in this tranche at a price of $0.075 per unit for gross proceeds of $589,577.40. In total the Company issued 21,333,333 units for total gross proceeds of $1,600,000. Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.) Each unit consists of one common share and one transferrable common share purchase warrant (the " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the […]

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Uranium Energy Corp. (AMEX:UEC) traded at $3.24 at last check on Tuesday, July 11, made a downward move of -1.37% on its previous day’s price.

Looking at the stock we see that its previous close was $3.29 and the beta (5Y monthly) reads 2.06 with the day’s price range being $3.21 – $3.33. The company has a trailing 12-month PE ratio of 658.00. In terms of its 52-week price range, UEC has a high of $4.65 and a low of $2.30. The company’s stock has gained about 2.69% over that past 30 days.

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In this InvestorIntel interview, Tracy Weslosky talks with Western Uranium & Vanadium Corp. ‘s (CSE: WUC | OTCQX: WSTRF) President, CEO, and Director George Glasier about possible causes of the recent upward pressure on uranium prices and his views on the current uranium market.

George comments about the potential impacts of banning Russian uranium. He states: “The sanction on Russian uranium is in the works right now….the market is saying that it is likely to happen….over a period of time that will cause demand for uranium to switch from Russian and Kazakhstan likely to non-Russian, non-Kazakhstan uranium….it’s going to take a higher price to justify this non-Russian, non-Kazakhstan production.”

George gives his view on where the uranium price is likely to go in the next 2 years. He also discusses Western Uranium & Vanadium’s Sunday Mine production potential. When combined with the Company’s other project, total uranium production is targeted to […]

Click here to view original web page at investorintel.com

Vancouver, British Columbia–(Newsfile Corp. – July 11, 2023) – MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") announces that it has engaged Uptrend Communications Corp. (" Uptrend ") to assist with media production and marketing services respecting the Company. Uptrend will provide the services under a consulting services agreement dated as of July 1, 2023, which has an initial term of six months.

Under the agreement, Uptrend will receive compensation of C$4,000 per month and an aggregate of 150,000 stock options, with 50,000 stock options vesting on September 1, 2023, 50,000 stock options vesting November 1, 2023 and 50,000 stock options vesting January 1, 2024. Each stock option will be exercisable for one common share of the Company at an exercise price of $0.31 and will expire on July 1, 2028. The stock options shall be subject to applicable securities laws, […]

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Uranium Energy Corp. (AMEX:UEC) has a beta value of 2.06 and has seen 3.27 million shares traded in the last trading session. The company, currently valued at $1.23B, closed the last trade at $3.29 per share which meant it lost -$0.06 on the day or -1.79% during that session. The UEC stock price is -41.34% off its 52-week high price of $4.65 and 30.09% above the 52-week low of $2.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.19 million shares traded. The 3-month trading volume is 5.09 million shares.

The consensus among analysts is that Uranium Energy Corp. (UEC) is a Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it […]

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Holidays in the US and Canada last week led to a lacklustre uranium market.

-Quiet holiday week
-Uncertainty reigns in term uranium markets
-Canada embraces “transition” power

Public holidays in the US and Canada on top of northern summer holidays in general ensured a quiet week in uranium markets last week.Industry consultant TradeTech reports only three transactions in the spot market, which involved a total of 300,000lbs U3O8. While sellers lowered their offer prices over the week, buyers were largely absent.TradeTech’s weekly spot price indicator is down -US70c at US$55.30/lb.In the mid- and long-term uranium segments, concerns around logistics continue to weigh on market participants, Trade Tech notes. Transportation, insurance, banking, counterparty risks, and pending legislation in the US and EU, along with existing sanctions in the UK that could impact nuclear fuel imports from Russia, are all issues that present uncertainty for buyers and sellers.In response, utilities have […]

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VANCOUVER, British Columbia, July 10, 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 brokered private placement in which it issued 81,820,000 units of the Company (“ Units ”) at a price of C$0.055 per Unit (the “ Offering Price ”), for aggregate gross proceeds of C$4,500,100 (the “ Offering ”).

The Offering was conducted by a syndicate of agents led by Haywood Securities Inc., and including Red Cloud Securities Inc. (collectively, the “ Agents ”). Management and directors of Anfield subscribed for an aggregate of 9,080,000 Units representing $499,400 of the gross proceeds of the Offering.

Each Unit was comprised of one […]

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Close-up photo of a piece of ‘yellow cake’ Global Atomic ( OTCQX:GLATF ) is a small cap, publicly traded company that has two business segments: (i) discovery and harvesting of uranium resources for carbon-free, baseload power in support of the world’s trend toward electrification, and (ii) recovery of zinc from electric arc furnace dust from selected Turkish steel mill. In light of recent international events, governments are more than ever prioritizing energy security, and nuclear energy can meet this need by providing significant amounts of non-intermittent, baseload power with minimal carbon emissions. Global Atomic is executing a plan to mine uranium and produce yellowcake (U 3 O 8 ) in large quantities by 2025, and investors hope to be enriched by the swelling price of uranium. Global Atomic appears to be fairly valued based on a discounted free cash flow model, and it has strong government backing from Niger. […]

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Mr. Thomas Lamb reports:

Vancouver, British Columbia–(Newsfile Corp. – July 7, 2023) – MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") announces that in order to constrain structures and identify possible uranium traps ahead of upcoming drilling, the Company has initiated geophysical surveys at key target areas within the Сompany’s Agebout and Afouday licenses. Drones carrying high-resolution magnetometers have already started flying a planned 5,942 line-km pattern at 50m line spacing 35m flying height (Figure 1).

Figure 1: Geophysical Survey Areas

Early indications from the field are that the drone survey is successfully detecting very low amplitude features that would otherwise be difficult or impossible to detect using traditional fixed wing or helicopter-based surveys. Data acquisition is expected to be completed within 6 to 8 weeks, with processing and interpretation following within 4 weeks after that. Thomas Lamb, Myriad’s CEO states "Areva […]

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Investing News Network

July 10, 2023

alx resources corp. ( TSXV: AL ) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has closed a transaction with Forrestania Resources Limited, of West Perth, Australia ("Forrestania") (ASX: FRS) whereby Forrestania has exercised its option (see ALX news release dated May 8, 2023) and has earned a 50% interest in the Hydra Lithium Project ("Hydra", or the "Project"). Hydra is located in the James Bay region in the Province of Quebec, Canada, which has become one of the most attractive lithium exploration districts in the world.

Details of the Transaction ALX acquired eight Hydra sub-projects by staking in late 2022 and early 2023. Following closing of the transaction on July 7, 2023, the Company and Forrestania now each own a 50% interest in the Project. Staking and exploration costs incurred by ALX to the end of […]

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Investing News Network

July 10, 2023

(TheNewswire) Vancouver, Canada TheNewswire – July 10, 2023 Trench Metals Corp . (the " Company ") ( TSXV: TMC FWB: 33H2 ) is pleased to announce it will conduct a non-brokered private placement (the " Offering ") of up to 10,000,000 units of the Company (each, a " Unit ") at a price of $0.25 per Unit to raise gross proceeds of up to $2,500,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.30 at any time on or before the date which is twelve months after closing of the Offering.

The net proceeds raised from the Offering will be used to advance exploration work at the Higginson Lake Uranium Project, located in […]

Click here to view original web page at investingnews.com

Aircore drilling rig at Itigi in Tanzania. AuKing Mining Ltd (ASX:AKN) is encouraged by preliminary XRF analysis of samples from an aircore drilling program at the Itigi Uranium Project in central Tanzania that indicates anomalous uranium mineralisation.

A total of 925 metres of aircore drilling has been completed across 63 holes to a maximum depth of 15 metres below surface with a further 1,300 metres planned.

The initial XRF analysis has indicated anomalous uranium mineralisation across several of the completed holes, up to a maximum reading of 338ppm U3O8. Awaiting assays

Samples are being prepared for laboratory analysis and AuKing is awaiting assay results with the hope that they confirm the preliminary analysis. Assay results are expected within 8-10 weeks.AuKing’s CEO Paul Williams said that initial results from drilling at Itigi were encouraging and provided the basis for more formal assays to be received within the next couple of months.“We are […]

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

Publications And Positive Data From Multiple Trials: Six Months In Review For Tiziana Life Sciences (NASDAQ: TLSA)

Tiziana Life Sciences is a biotechnology company establishing itself in a cutting-edge position in the marke t with its breakthrough immunomodulation therapies. The past six months have been an exciting time for the company, whose main drug candidate is the intranasally-delivered foramulab. Foramulab is the first fully human anti-CD3 monoclonal antibody (mAB), and it is able to effectively suppress neuroinflammation in the central nervous system. The global market for mAB treatments was worth $210 billion in 2022 , and it is expected to grow at a compound annual growth rate (CAGR) of 11% between 2023 and 2030. In 2023 a major development in the mAB market came when Sanofi agreed to acquire Provention Bio for $2.9 billion for the anti-CD3 mAB, teplimuzab. This acquisition revealed the biomedical market’s serious interest in anti-CD3 […]

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

NYSE American:EU
TSXV: EU

DALLAS, July 10, 2023 /CNW/ – enCore Energy Corp. (" enCore " or the " Company ") (NYSE American: EU) (TSXV: EU ) announced today that the Company has received 9,263,800 shares of Nuclear Fuels Inc. (CSE: NF) (formerly Uravan Minerals Inc.) in exchange for shares of a private BC company (also named Nuclear Fuels) which held uranium projects in Wyoming and Arizona. ( enCore NR dated Nov 3, 2022 ).

Immediately prior to the acquisition, enCore held 64,000 post-consolidated common shares of Nuclear Fuels Inc. (CSE:NF). Following the business transaction completion, enCore holds a total of 9,327,800 shares representing approximately 19.9% of the issued and outstanding common shares of Nuclear Fuels Inc.
enCore is holding the shares of Nuclear Fuels Inc. for investment purposes, and may, depending on market and other conditions, increase or decrease its beneficial ownership of the Company’s securities, whether in the open […]

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Basin has picked up more ground at the Geikie project. Pic via Getty Images share

With uranium sentiment continuing to improve – as highlighted by spot prices hovering in the US$56 per pound range – Basin’s move to acquire additional ground at its Geikie project seems well timed.

The addition of the two claims totalling 11.87km 2 takes the total area covered by Geikie project up to 350.87km 2 .

Importantly for Basin Energy (ASX:BSN) , the new claims are adjacent to its current maiden exploration drilling program of eight holes totalling 2,000m and contain continuations of the current drill targets.“With maiden drilling currently underway at Geikie, it is commendable work by our joint venture partner CanAlaska to secure the interpreted extensions to the current drill targets via the staking of these additional claims,” Managing Director Pete Moorhouse said.“We eagerly await the additional VTEM data, the results of which will […]

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Liens Investment Thesis

Denison Mines (NYSE: DNN ) did last month release a very strong feasibility study ("FS") on Phoenix and an updated pre-feasibility study ("PFS") on Gryphon, which are both part of the 95% ownership of the Wheeler River project. Phoenix is the core ISR asset and Gryphon is an underground asset, several years behind Phoenix in the development pipeline, with very respectable figures as well.

The updated figures for Phoenix and Gryphon confirm the attractive valuation for the company. In this article, I will discuss the figures that were released and break down the valuation of the company.

The stock price of Denison has mostly been rangebound between $1 and $2 over the last two years, where the stock price is still in the lower part of that range, even if we have seen a bounce from the most recent lows. Figure 1 – Source: Koyfin Phoenix Feasibility Study […]

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TORONTO, July 05, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company” or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that further to its press release on May 24, 2023 regarding the creation and planned spin-out (the “ Spin-Out ”) of Premier American Uranium Inc. (“ PUR ”), CUR has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of investment dealers (collectively, the “ Agents ”) in connection with a fully marketed private placement (the “ PUR Offering ”) of a minimum of 5,750,000 subscription receipts of PUR (each, a “ Subscription Receipt ”) at a price of C$1.80 per Subscription Receipt (the “ Offering Price ”) for minimum gross proceeds of C$10,350,000. The Agents will have an option, exercisable in full or in part up to 48 hours prior to […]

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A billet of highly enriched uranium that was recovered from scrap. Agadez, Niger — The West African nation of Niger and China have been discussing deals that include an industrial park, an oil pipeline and a uranium mine.

The Chinese ambassador to Niger, Jiang Feng, said China would build an industrial park that would impact industries including agro-food, manufacturing, mining and real estate, according to a tweet from Nigerien President Mohamed Bazoum’s official account. It said the deal is a result of a China-Niger Investment Forum held in April.

"China does what it says and says what it does," said Jiang.

The tweet also mentioned that the Chinese ambassador recently visited the starting point of the Niger-Benin Export Pipeline and described it as "very impressive." With the China National Petroleum Corporation as the developer, the nearly 2,000-kilometer-long pipeline would allow landlocked Niger to ramp up its crude production and access international trade […]

Click here to view original web page at allafrica.com

There’s no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.

So should Elevate Uranium ( ASX:EL8 ) shareholders be worried about its cash burn? For the purpose of this article, we’ll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let’s start with an examination of the business’ cash, relative to its cash burn.

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

You can calculate a company’s cash runway by dividing the amount of cash it has by the rate at which […]

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Worries about an impending recession may have suppressed energy commodity prices this year, but uranium has not had that problem.

Years of underinvestment and a general reevaluation of nuclear power’s place in the clean energy transition suggests the recent rally will continue. Bank of America’s Global Research projects uranium spot prices to increase by 34% by the end of 2025.

The European Union’s abrupt policy shift, a massive reactor buildout in Asia, and the fast-tracking of safer small modular reactor designs by the Biden administration all suggest a new era.

New trading instruments are arriving in the space to capitalize on this. The recent launch of the Zuri-Invest Actively Managed Certificates (Uranium AMC) is emblematic of a secular change that could last a decade. ETF Exposure Since utilities depend on long-term contracts and new reactors can take five to 10 years to complete, this is a “long ball” investment theme. And […]

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The Nasdaq ($NASX) remains near 52-week highs, up 31.77% year-to-date, which is its best annual first half in the last four decades. Meanwhile, the S&P 500 ($SPX) had its best monthly performance since October 2022, with the Dow ($DOWI) having its best since November.

However, concerns over a mild recession or even an economic meltdown persist around the world. There are a variety of reasons for this concern, including that the two-year to 10-year yield curve is now at its deepest inversion since 1981 . And although Americans didn’t see a rate hike in June, the Federal Reserve was still clear there could be one again in July and likely a another one toward the end of the year.

With that in mind, investors may be taking some protective measures in terms of their investment portfolios. One such area includes uranium stocks, with spot prices of uranium up about 15% in […]

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( MENAFN – Investor Ideas) MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that in order to constrain structures and identify possible uranium traps ahead of upcoming drilling, the Company has initiated geophysical surveys at key target areas within the Сompany’s Agebout and Afouday licenses. Drones carrying high-resolution magnetometers have already started flying a planned 5,942 line-km pattern at 50m line spacing 35m flying height (Figure 1).
Figure 1: Geophysical Survey Areas
Early indications from the field are that the drone survey is successfully detecting very low amplitude features that would otherwise be difficult or impossible to detect using traditional fixed wing or helicopter-based surveys. Data acquisition is expected to be completed within 6 to 8 weeks, with processing and interpretation following within 4 weeks after that.Thomas Lamb, Myriad’s CEO states "Areva (now called Orano), the […]

Click here to view original web page at menafn.com

Worries about an impending recession may have suppressed energy commodity prices this year, but uranium has not had that problem.

Years of underinvestment and a general reevaluation of nuclear power’s place in the clean energy transition suggests the recent rally will continue. Bank of America’s Global Research projects uranium spot prices to increase by 34% by the end of 2025.

The European Union’s abrupt policy shift, a massive reactor buildout in Asia, and the fast-tracking of safer small modular reactor designs by the Biden administration all suggest a new era.

New trading instruments are arriving in the space to capitalize on this. The recent launch of the Zuri-Invest Actively Managed Certificates (Uranium AMC) is emblematic of a secular change that could last a decade. ETF Exposure Since utilities depend on long-term contracts and new reactors can take five to 10 years to complete, this is a “long ball” investment theme. And […]

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

American Lithium Reaches Definitive Agreement to Spin Out
Macusani Uranium Deposit into an Independent Public Company

VANCOUVER, BRITISH COLUMBIA, June 7, 2023 – American Lithium Corp . (" American Lithium " or the " Company ") (TSX-V:LI | NASDAQ:AML| Frankfurt:5LA1) announces that it has entered into a definitive arrangement agreement (the " Arrangement Agreement ") with Friday’s Dog Holdings Inc. (TSX-V:FRDY), a public company currently listed on the TSX Venture Exchange and to be renamed International Uranium Corp. (" International Uranium "), dated June 6, 2023, pursuant to which it will transfer ownership (the " Transaction ") of its Macusani Uranium Project (the " Macusani Project "). In accordance with the terms of the Arrangement Agreement, the Company will transfer ownership of a wholly owned Peruvian subsidiary which holds the mineral concessions comprising the Macusani Project to International Uranium.

In connection with the Transaction, International Uranium will consolidate […]

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Vancouver, British Columbia–(Newsfile Corp. – July 7, 2023) – MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") announces that in order to constrain structures and identify possible uranium traps ahead of upcoming drilling, the Company has initiated geophysical surveys at key target areas within the Сompany’s Agebout and Afouday licenses. Drones carrying high-resolution magnetometers have already started flying a planned 5,942 line-km pattern at 50m line spacing 35m flying height (Figure 1). Figure 1: Geophysical Survey Areas

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/172579_3964f775749bfbae_002full.jpg

Early indications from the field are that the drone survey is successfully detecting very low amplitude features that would otherwise be difficult or impossible to detect using traditional fixed wing or helicopter-based surveys. Data acquisition is expected to be completed within 6 to 8 weeks, with processing and interpretation following within 4 […]

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