Category: Uranium

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 […]

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The Global X Uranium ETF (URA) has bounced in the past few months as investors predict a renaissance in the nuclear energy industry. After dropping to a low of $22.76 on August 5, the fund has rebounded by over 42%, and is nearing its all-time high of $33.65.

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The Global X Uranium ETF has rallied as the prices of uranium continued rising. Data by Markets Insider shows that uranium has risen from $78 in August to $82.95 today.

Still, unlike in 2023 when uranium prices soared, they have come under intense pressure, this year as they dropped from $105 to a low of $78.This rebound happened as investors predicted that the nuclear energy industry will continue doing well in the next few years.For example, we recently wrote that […]

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Standard Uranium (TSXV: STND) (OTCQB: STTDF) has provided an update on exploration at its Sun Dog Uranium Project in Saskatchewan. The company reported intersecting elevated radioactivity in graphitic basement rocks at the newly identified Wishbone target area, validating their exploration model for basement-hosted uranium deposits.

Aero Energy (TSXV: AERO) has committed to Year 2 of the three-year earn-in option agreement, pledging a minimum of $2.0M in exploration expenditures starting October 20, 2024. Key highlights include: Completion of 16 drill holes across 12 targets, with anomalous radioactivity in 9 holes

1,593 metres drilled at Wishbone, with anomalous radioactivity in 7 of 8 holes

Confirmation of the company’s prospectivity model for basement-hosted uranium deposits Identification of multiple graphitic horizons with over 70 km of largely unexplored strike The company views these results as encouraging and plans further geophysical surveys and drilling to vector into a potential high-grade discovery.Positive Elevated radioactivity intersected […]

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Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open a little lower this morning, tracking Wall Street down after the S&P and the Nasdaq took a hit overnight – which, in turn, is being (partially) blamed on Dutch chipmaker ASML coming a cropper after it missed earnings and revised its 2025 forecast down.ASML fell 16% – […]

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Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) (FSE: O0k) (" Bayridge ") has completed the first two holes of its fall 2024 drilling program at its 1,337 ha Waterbury East uranium project in Canada’s Athabasca Basin. Saf Dhillon, Bayridge President & CEO, toured the property last week and also met with representatives of the Ya’Thi Néné Land and Resource Office in Saskatoon.

The first two holes, WB24-001 and WB24-002, tested the strike projection to the east and west of the CanAlaska 2006 drill hole WAT005 which encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment, containing a highlight value of 324 ppm U over 0.6 m in a structurally controlled zone. VTEM interpretation by in3D Geoscience suggests 2006/2007 drilling of the VTEM conductor was actually short of the conductor and also the strength of the conductor may be stronger than […]

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By Craig Nolan

October 16, 2024 — 2.35pm , register or subscribe to save articles for later. Save articles for later

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4 minLincoln Minerals has put all funding options for its uranium assets in South Australia on the table – including an outright sale of the assets, a partial divestment, or investment into one or all of its projects – after fielding several informal approaches from interested business parties.Management says a formal request for interest has now been actioned and it will entertain a full or partial sale of one or all assets for cash or shares. However, it is willing to also retain the assets due to their prospectivity. Lincoln Minerals is looking for a funding dance partner for its uranium projects in SA. The company says a planned near-term exploration program […]

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GoviEx Uranium announces positive results from the Feasibility Study testwork for its Muntanga Project . Key highlights include: Main deposits of Muntanga and Dibbwi East , accounting for 80% of M&I resources, achieved uranium recoveries of 90% or better

Results validate the efficiency of the heap leach process

High uranium recoveries occur within only 20 days

Project benefits from low acid consumption Results support potential for small on-off leach pads The extensive metallurgical test work program, conducted at Mintek, South Africa, improves confidence in recovery rates and processing design for the upcoming Feasibility Study, due before year-end.Positive Muntanga and Dibbwi East deposits achieved uranium recoveries of 90% or better High uranium recoveries occur within only 20 days Low acid consumption reported for the project Test work results support potential for small on-off leach pads Dibbwi East deposit resource increased by 60% in contained tons […]

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The VanEck Uranium and Nuclear ETF (NLR) has achieved a 17.29% return through Q3 2024, leading the nuclear energy ETF space. NLR provides investors exposure to the full nuclear energy ecosystem, capitalizing on the industry’s resurgence driven by increasing global power demands and the push for clean energy solutions .

The nuclear energy revival is fueled by three key factors: rapidly growing electricity demand from AI, EVs, and cryptocurrency; the need for reliable, clean energy to reduce emissions; and renewed regulatory support from governments. NLR’s diverse portfolio includes utilities, uranium miners, and companies developing advanced reactor technology, offering investors access to the entire nuclear value chain.

Recent deals, such as Microsoft’s agreement with Constellation Energy and Google’s partnership with Kairos Power, highlight nuclear energy’s critical role in powering future technology. VanEck is hosting a webinar on October 17 to explore nuclear energy investment opportunities and NLR’s pure-play exposure across the industry.

Positive […]

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alcfeoh21 / iStock via Getty Images Demand for uranium spiked in 2023, nearly doubling in price. The Federal Reserve said the global price of uranium jumped from $39 per pound at the end of 2022 to over $$70 per pound by last December. It peaked at over $81 a pound in February, but has since pulled back to around $64.60 today.

However, long-term contracts for uranium have recently hit 16-year highs . Reuters reported Cameco ( NYSE:CCJ ), one of the world’s largest uranium miners, said “With a stronger market environment, we’re currently locking in ceilings of about $125 to 130 per pound and floors at about $70 to $75 per pound in market-related contracts.”

The rising demand is being driven by data centers. As artificial intelligence has swept the world, hyperscalers like Amazon ( NASDAQ:AMZN ) and Microsoft ( NASDAQ:MSFT ) have been pouring more resources into building out greater […]

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Skyharbour Resources Ltd logo Vancouver, BC, Oct. 15, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( “ Skyharbour ” or the “ Company ”) is pleased to announce that partner company Terra Clean Energy Corp. (“Terra”) has provided plans for an upcoming work program at its South Falcon East Uranium Project which hosts the Fraser Lakes B uranium Deposit. Under the Option Agreement and assuming the 75% interest is earned, Tisdale will have issued Skyharbour 1,111,111 Terra shares upfront, and will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash of which $6,500,000 can be settled for shares in the capital of Terra (“Shares”) over the five-year earn-in period.

Map of South Falcon East Project Claims:

https://skyharbourltd.com/_resources/images/Sky-South-Falcon-East-20231030.jpg

The South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately […]

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Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) has closed the acquisition of an approximately 900-acre property in Montrose County, Colorado, known as the PRC Site . The transaction, structured as a share purchase, involved acquiring all shares of Pinon Ridge , the parent company owning the site. Western paid approximately USD1.15 million to settle an outstanding promissory note held by a creditor.

The PRC Site is the location of the prospective Pinon Ridge Mill . In 2007, the original acquirer paid USD1.32 million for the acreage, followed by over CAD11.86 million in permitting and development expenditures over four years. Although the mill was never constructed, it was fully licensed, providing leverage from past expenditures for the permitting process.

This acquisition is part of Western’s plans to develop and license uranium and vanadium processing facilities for its resource properties in Colorado and Utah.

Positive Acquisition of 900-acre property with potential for […]

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Pic: Getty Images. Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News.

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open a little lower this morning, tracking Wall Street down after the S&P and the Nasdaq took a hit overnight – which, in turn, is being (partially) blamed on Dutch chipmaker ASML coming a cropper after it missed earnings and revised its 2025 forecast down.ASML fell 16% – […]

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enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) announced positive results from its Alta Mesa In-Situ Recovery Central Processing Plant (CPP) and Wellfield drill program . Highlights include:

1. Drilling at Wellfield 7 yielded intercepts with Grade Thickness (GT) up to 3.615, exceeding the 0.3 GT cutoff for ISR in South Texas.

2. The Alta Mesa CPP is processing 1,700 gallons per minute of pregnant solution from initial patterns in Wellfield 7.

3. Production is expected to increase as additional patterns are completed.4. Seven drill rigs are in full operation, with plans to double that number over the next 12 months.5. The Alta Mesa CPP has a total operating capacity of 1.5 million lbs. U3O8 per year, with additional drying and packaging capacity of over 0.5 million lbs. U3O8.Positive Drilling results at Alta Mesa Wellfield 7 significantly exceed the cutoff grade thickness requirements for ISR uranium extraction The Alta Mesa CPP is processing […]

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Global demand for energy is set to explode. As developing nations grow, their need for more energy will grow, too. In addition, the rise of artificial intelligence is forcing data center providers to reconsider how they power their businesses.

Numerous countries have committed to reducing their carbon footprint by 2050. While renewable energy sources such as wind and solar power are gaining traction, they’re not nearly enough. Recently, 14 financial institutions expressed their desire to triple nuclear capacity by 2050 to reach net-zero emissions targets.

Cameco ( CCJ 1.70%), a major player in the uranium industry, stands to benefit from these changing tides. With global demand for nuclear power anticipated to soar in the long run, Cameco is an appealing stock. However, before you hit the buy button, let’s dive deeper into the business and associated risks. NYSE: CCJ

CamecoToday’s Change(1.70%) $0.86Current Price$51.35CCJ Key Data Points Market Cap$22BDay’s Range$49.89 […]

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Saga Metals Corp. (" TSXV: SAGA ") (" FSE: 20H" ) (" SAGA " or the " Company "), a North American exploration company focused on discovering critical minerals, is pleased to announce the completion of its maiden field program at the Double Mer Uranium Project in Labrador, Canada. This successful field season marks a significant step forward in SAGA’s efforts to unlock the Double Mer Uranium project’s potential for uranium mineralization.

Strategic Location with Historical Exploration Work

The Double Mer Uranium Property is SAGA’s flagship project, comprising 1,024 claims over 25,600 hectares in the eastern-central region of Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. With significant investment in historical exploration work, SAGA entered 2024’s field program with a strong foundation, allowing for a targeted and efficient approach to expanding known uranium mineralization along the 18km trend. Regional map of the Double Mer Uranium Project in Labrador, […]

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ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB: SASKF) has announced option agreements with Terra Uranium (ASX: T92) for their respective projects. T92 can earn up to a 70% interest in ATHA’s Spire and Horizon properties by incurring $4,750,000 in exploration expenditures over four years. Conversely, ATHA can acquire up to a 60% interest in T92’s Pasfield Lake property through exploration expenditures or deep hole drilling over four years.

The agreements include provisions for forming joint ventures and the option for ATHA to convert its Pasfield interests into a net smelter returns royalty . Additionally, ATHA has extended or modified investor relations agreements with Hybrid Financial Inc., Gold Standard Media , and Creative Direct Marketing Group Inc., subject to TSX Venture Exchange approval where applicable.

Positive Option to acquire significant interests in uranium exploration projects

Potential for joint ventures in both Spire Horizon and Pasfield projects Flexibility to convert interests into […]

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VANCOUVER, British Columbia, Oct. 11, 2024 (GLOBE NEWSWIRE) — ATHA Energy Corp. ( CSE: SASK ) ( FRA: X5U ) ( OTCQB: SASKF ) (“ ATHA ”) is pleased to announce, in furtherance to its news release from August 20 th , 2024 , the Company and Terra Uranium Ltd. ( ASX: T92 ) (“ T92 ”) have executed a definitive option agreement for T92 to earn an option to acquire a 70% interest in ATHA’s Spire and Horizon properties (together, the “ Spire Horizon Projects ”) and a definitive option agreement for ATHA to earn an option to acquire up to a 60% interest in T92’s Pasfield Lake property (the “ Pasfield Project ”).

SPIRE HORIZON OPTION

In accordance with the terms of the Option Agreement ATHA shall grant T92 the sole and exclusive right and option to acquire up to a 70% interest in the Spire Horizon […]

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VANCOUVER, BC / ACCESSWIRE / October 10, 2024 / North Shore Uranium Ltd. (TSXV:NSU) (" North Shore " or the " Company ") is pleased to provide an update on its Falcon property ( "Falcon") target generation efforts. Falcon is located at the eastern margin of the Athabasca Basin in northern Saskatchewan. In its September 17, 2024, news release, the Company summarized work being done at its Falcon and West Bear properties, with Falcon being divided into three uranium exploration zones. This news release summarizes targeting efforts being undertaken in Zone 2 at Falcon (Figure 1).

FALCON TARGET GENERATION

Falcon is located approximately 30 kilometres east of the active Key Lake uranium mill and former mine. Between 1983 and 2002, two deposits at the Key Lake Mine produced a total of 209.9 million lbs. of U 3 O 8 at an average grade of over 2.0% [1] . The […]

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Vancouver, British Columbia–(Newsfile Corp. – October 9, 2024) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement financing (the "Financing") (see Myriad’s news release dated August 13, 2024). In this tranche of the Financing, Myriad raised gross proceeds of $1,845,890 through the issuance of 7,383,560 units (each, a "Unit") at a price of $0.25 per Unit. Each Unit is composed of one common share of the Company (each, a "Share") and one-half of one common share purchase warrant (each full warrant, a "Warrant"), with each Warrant entitling the holder to purchase one Share at an exercise price of $0.30 per Share until October 7, 2026. Across three tranches of the financing, which commenced in June 2024, the Company has raised a total […]

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VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — SAGA Metals Corp. (“ TSXV: SAGA ”) (“ FSE: 20H” ) (“ SAGA ” or the “ Company ”), a North American exploration company focused on discovering critical minerals, is pleased to announce the completion of its maiden field program at the Double Mer Uranium Project in Labrador, Canada. This successful field season marks a significant step forward in SAGA’s efforts to unlock the Double Mer Uranium project’s potential for uranium mineralization.

Strategic Location with Historical Exploration Work

The Double Mer Uranium Property is SAGA’s flagship project, comprising 1,024 claims over 25,600 hectares in the eastern-central region of Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. With significant investment in historical exploration work, SAGA entered 2024’s field program with a strong foundation, allowing for a targeted and efficient approach to expanding known uranium mineralization along the 18km trend. Regional […]

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Calibre Mining Mr. Dev Randhawa reports:

Kelowna, British Columbia–(Newsfile Corp. – October 9, 2024) – F3 Uranium Corp. (TSXV: FUU) (OTC: FUUFF) (" F3 Uranium " or the " Company ") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the " Underwriters "), pursuant to which the Underwriters have agreed to purchase for resale 12,500,000 flow-through units of the Company to be sold to charitable purchasers (each, a " Charity FT Unit ") at a price of C$0.40 per Charity FT Unit (the " Offering Price ") on a "bought deal" basis in a private placement for gross proceeds of C$5,000,000 (the " Underwritten Offering ").

Each Charity FT Unit will consist of one common share of the Company (each, a " Common Share ") to be issued as […]

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VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the "Company" or "Stallion" ) (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that the Company has entered into a binding letter of intent (the “ LOI ”) with an arm’s-length party (the “ Optionor ”), under which the Company has granted the Optionor the option to acquire an 80% interest in its Horse Heaven Gold and Antimony project consisting of 699 mineral claims covering over 5,817 ha located in Idaho, United States (the “ Property ”).

"The signing of this option agreement creates the opportunity for Stallion to maximize the value of its Horse Heaven project. Antimony, a critical mineral, has become even more vital as China restricts exports, highlighting the pressing need for the US to secure a domestic supply. Horse Heaven’s high-grade antimony target with historical production presents an invaluable asset for advancing […]

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Skyharbour Resources Ltd logo Vancouver, BC, Oct. 08, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), partner company Medaro Mining (“Medaro”) is pleased to announce its exploration plans for a winter program at its Yurchison Uranium property located in Saskatchewan. The program is anticipated to commence within the next 45 days.

Location Map of Yurchison Project:
https://www.skyharbourltd.com/_resources/maps/Sky_Yurchison_20211209.jpg

Geological prospecting, mapping, and sampling of the various rock types located on the property will be aided by ground radiometric surveying using handheld gamma-ray spectrometers and scintillometers. The primary goals of the field program will be to determine the hose-rock and/or structural control of previous identified radioactive mineral occurrences, explain the surficial expression (if any) of the VTEM conductors, and ultimately locate additional zones of uranium mineralization and/or radioactivity along prospective zones.
The Yurchison property lies approximately 95 km south […]

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VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — SAGA Metals Corp. (“ TSXV: SAGA ”) (“ FSE: 20H” ) (“ SAGA ” or the “ Company ”), a North American exploration company focused on discovering critical minerals, is pleased to announce the completion of its maiden field program at the Double Mer Uranium Project in Labrador, Canada. This successful field season marks a significant step forward in SAGA’s efforts to unlock the Double Mer Uranium project’s potential for uranium mineralization.

Strategic Location with Historical Exploration Work

The Double Mer Uranium Property is SAGA’s flagship project, comprising 1,024 claims over 25,600 hectares in the eastern-central region of Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. With significant investment in historical exploration work, SAGA entered 2024’s field program with a strong foundation, allowing for a targeted and efficient approach to expanding known uranium mineralization along the 18km trend.

Regional […]

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HALIFAX, NS, Oct. 8, 2024 /CNW/ – Fortune Bay Corp. (TSXV: FOR) (FSE: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to report high-grade uranium assays in the first batch of analytical results from its 2024 exploration drilling program on the Murmac Uranium Project ("Murmac" or the "Project"), located in northern Saskatchewan near Uranium City. The drilling program was funded by Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: 13L0) ("Aero") under an Option Agreement .

The drilling program was designed to test regional targets across the Project’s extensive Armbruster, Howland and Pitchvein Conductor Corridors, which have a combined strike length of approximately 30 kilometers.

Shallow, elevated concentrations of uranium occurring in structured graphitic rocks were confirmed in all four drill holes for which analytical results are available, including results of 13.80% U 3 O 8 and 4.54% U 3 O 8 from individual assay samples.

Highlights: High-Grade: […]

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