Category: Uranium

Meet Management at the 121 Mining Investment Conference in New York

Vancouver, British Columbia–(Newsfile Corp. – May 15, 2023) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7N) ("CanAlaska or the "Company") is pleased to announce that it has now completed the acquisition of the Mel nickel deposit and surrounding mineral claims (Figure 1).

Figure 1 – Mel Project Location

CanAlaska CEO, Cory Belyk, comments, "Completion of this transaction gives CanAlaska and its shareholders a concrete and tangible NI43-101 compliant high-grade sulphide nickel resource in a very prolific nickel belt, located in a stable and secure mining jurisdiction in central Canada. The Mel deposit acquisition perfectly compliments CanAlaska’s existing district-scale nickel portfolio in Manitoba providing the Company with optionality on the path forward to building value for our shareholders. Class 1 nickel deposits of this scale and upside potential are difficult to find as companies seek to position […]

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Uranium Royalty Corp. ( NASDAQ:UROY – Get Rating ) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 2,110,000 shares, an increase of 25.6% from the April 15th total of 1,680,000 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 497,100 shares, the days-to-cover ratio is currently 4.2 days. Uranium Royalty Price Performance

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NASDAQ UROY traded up $0.03 on Friday, reaching $1.93. The stock had a trading volume of 425,896 shares, compared to its average volume of 536,850. The firm has a fifty day moving average of $2.03 and a two-hundred day moving average of $2.34. Uranium Royalty has a 1-year low of $1.81 and a 1-year high of $3.57. The company has a market cap of $192.38 million, a […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp. (the “ Company ” or “ Traction ”) ‎(CSE: TRAC; OTCQB: TRCTF; FRA: Z1K) is pleased to announce that it has closed the second and final tranche of a non-brokered private placement offering of units and flow-through units of the Company (the “ Offering ”). The Offering, initially announced on April 12, 2023, comprised both units of the Company (the “ Units ”) and flow-through units of the Company (the “ FT Units ”).‎

On April 20, 2023, the Company announced it had closed the first tranche of the Offering issuing 3,050,000 Units of the Company at a price of $0.40 per Unit for aggregate gross proceeds of $1,220,000. Each Unit consisted of one (1) common share in the capital of the Company (each, […]

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CORPUS CHRISTI, Texas, May 8, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE: EU ) (TSXV: EU) (the " Company " or " enCore" ) announced today the acquisition of all of the proprietary Prompt Fission Neutron (" PFN ") technology and equipment, including related exclusive intellectual property, and global licensing rights from Energy Fuels Resources (USA) Inc. (" Energy Fuels "), a wholly owned subsidiary of Energy Fuels, Inc. The use and ownership of PFN technology provides enCore with a clear competitive advantage by providing close to real time assays for uranium that cannot be achieved using conventional coring and assay methods. This technology is unavailable to many other uranium exploration and development companies.

The PFN equipment and technology acquired by enCore for $3.1 million USD includes: Associated proprietary intellectual property, including all internal details of the tools, circuit board diagrams, firmware code, software, manuals, instructions;

The sole right to […]

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Background

Adequate services, expertise and modern technologies are needed to ensure a sustainable supply of uranium raw materials to fuel both operating and future nuclear power reactors. Effective regulation, sound environmental management, training and education are required to minimize the impact of uranium mining and production and to contribute to public acceptance of the global nuclear industry in general.

In 2005, 2009, 2014 and 2018, the International Atomic Energy Agency (IAEA) hosted International Symposia on Uranium Production and Raw Materials for the Nuclear Fuel Cycle at its Headquarters in Vienna, Austria, to discuss all aspects of uranium raw materials for the uranium fuel cycle to ensure the long term sustainability of nuclear power programmes.

As the historical spot price for uranium has experienced long-term valleys and short term peaks, the industry continually seeks new innovative ways to improve efficiencies in producing uranium. Based on a number of national policies for […]

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On May 14, 2023, Oppenheimer & Co. Inc. made an eye-catching announcement that they have increased their stake in shares of Cameco Co., the basic materials company listed on both New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). According to the Form 13F filing with the Securities and Exchange Commission (SEC), the company boosted its shares by 25.5%, buying an additional 4,242 shares during the quarter, raising their total holdings in Cameco to 20,888 worth $474,000.

Oppenheimer & Co. Inc.’s move has caught many investors’ attention as it highlights a rising interest among hedge funds to invest in Cameco’s stock despite its PE ratio of a staggering 95.55, which is almost three times higher than the industry average of 33. The credit rating agency Moody’s has also recently downgraded the outlook for the uranium mining industry from stable to negative due to concerns about declining demand in nuclear […]

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Oppenheimer & Co. Inc. boosted its stake in shares of Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,888 shares of the basic materials company’s stock after purchasing an additional 4,242 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cameco were worth $474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its position in Cameco by 61.9% during the first quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 650 shares during the period. Bogart Wealth LLC bought a new position in Cameco […]

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Vancouver, British Columbia – TheNewswire – May 11, 2023 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce it has engaged Expert Geophysics Limited (“Expert”) to conduct airborne MobileMT™ surveys at its 100% owned Ursa and Orion uranium projects in the Athabasca Basin.

Highlights Magnetotelluric (MT) survey method capable of detecting basement electromagnetic (EM) conductors and anomalous resistivity zones in the sandstone

Planned surveying totals 2,900 line-kilometres to provide property-wide coverage at Ursa and Orion

Modern geophysical dataset will facilitate identification and prioritization of target areas for follow-up Keith Bodnarchuk, President & CEO, commented: “Cosa’s first pass work at the Ursa and Orion projects demonstrates our commitment to efficiently and effectively exploring these projects for the next major uranium deposit. We are eager to see the results of this survey and work towards drill testing.” Andy Carmichael, VP of Exploration commented: […]

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Investors are attracted to penny stocks because of the small amount of capital needed for a large amount of exposure and upside potential. On the other hand, penny stocks carry a lot of risk for investors. They are some of the most volatile stocks in the market. It’s not uncommon to see over 50% swings in just a single day.

Penny stocks are best in moderation, as a supplementary piece to an overall investment portfolio. This is because of the inherent risk of huge losses that could happen at any time. But, if you can scale a position properly with a penny stock that has tons of momentum, it has the potential of being an extremely profitable investment.

Having some exposure to penny stocks for their growth potential is good, but don’t be too heavily reliant on them. Below are three different hidden gem penny stocks with huge upside potential. Mullen […]

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Maybe you are sick of hearing this, but it doesn’t make it any less true: it’s a turbulent time for ASX shares at the moment.

With much of the world still struggling with both high inflation and steep interest rate rises, it’s touch-and-go whether some of the largest economies will fall into recession.

In such a time, Bell Direct market analyst Grady Wulff suggests targeting three specific ASX sectors to buy into: energy , retail and healthcare .

“For energy, there is one specific stock in there that we have a really high outlook on,” Wulff said at the Australian Shareholders Association conference this week.“Investors have fled retail stocks… but there’s value in this space when you look for value shopping.”Healthcare has outperformed the market over the last decade, she added, but there are still “quite a few opportunities” right now.So here are three ASX shares from those industries that Wulff and […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp. (the " Company " or " Traction ") ‎TRACTRCTF FRA: Z1K))) is pleased to announce that it has closed the second and final tranche of a non-brokered private placement offering of units and flow-through units of the Company (the " Offering "). The Offering, initially announced on April 12, 2023, comprised both units of the Company (the " Units ") and flow-through units of the Company (the " FT Units ").‎

On April 20, 2023, the Company announced it had closed the first tranche of the Offering issuing 3,050,000 Units of the Company at a price of $0.40 per Unit for aggregate gross proceeds of $1,220,000. Each Unit consisted of one (1) common share in the capital of the Company (each, a " Share […]

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Highlights Magnetotelluric (MT) survey method capable of detecting basement electromagnetic (EM) conductors and anomalous resistivity zones in the sandstone

Planned surveying totals 2,900 line-kilometres to provide property-wide coverage at Ursa and Orion

Modern geophysical dataset will facilitate identification and prioritization of target areas for follow-up

Keith Bodnarchuk, President & CEO, commented: “Cosa’s first pass work at the Ursa and Orion projects demonstrates our commitment to efficiently and effectively exploring these projects for the next major uranium deposit. We are eager to see the results of this survey and work towards drill testing.”Andy Carmichael, VP of Exploration commented: “Ursa and Orion contain nearly 75 kilometres of combined strike length of highly underexplored magnetic lows hosting EM conductors. With such a large area to explore, MobileMT results will evaluate prospective corridors in their entirety to identify and prioritize key areas for follow-up.”Planned SurveyApproximately 2,900 line-kilometres of MobileMT surveying […]

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Investing News Network

May 11, 2023

Baselode Energy Corp. ( TSXV: FIND ) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the "Offering"). Under the first tranche, the Company sold 9,161,811 flow-through units of the Company (the "FT Units") at a price of C$0.48 per FT Unit for gross proceeds to the Company of C$4,397,669 (the "Offering").

Each FT Unit consists of one common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a " FT Share ") and one half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder thereof to purchase one common share (each, a " Warrant Share ") at a price of C$0.70 at any time on or before May 11, […]

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GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (‘GoviEx’ or the ‘Company’), is pleased to report that it has closed its previously announced bought deal private placement financing, underwritten by Eight Capital and SCP Resource Finance LP (formerly known as Sprott Capital Partners LP), as lead underwriters and joint bookrunners (collectively, the Underwriters), of 85,714,200 units of the Company (‘Units’), at a price of C$0.175 per Unit for aggregate gross proceeds of C$14,999,985 (the ‘Private Placement’).

Each Unit consists of one Class A common share of the Company (a ‘Common Share’) and one Common Share purchase warrant (each whole warrant, a ‘Warrant’). Each Warrant entitles the holder thereof to purchase one Common Share (a ‘Warrant Share’) at US$0.19 until May 11, 2025.

The Company intends to use the net proceeds of the Private Placement for exploration, engineering and general corporate and working capital purposes.

The Company paid a cash commission equal to 6% […]

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Though 2023 has been called on more than one occasion “the year for uranium”, it nevertheless remains in public consciousness a commodity of some controversy.

History is dotted with nuclear-related incidents — Chernobyl, Fukushima, the Kyshtym disaster — and it’s these moments that spring to mind when we think of uranium. But that is perhaps a testament more to the rigidity of human memory than anything else.

The reality, in fact, is that technological advancements in recent years have made nuclear energy a viable weapon in the fight for reliable green energy. Give me the elevator pitch

The primary force behind uranium’s surge in recent years is climate change. The ability to produce huge quantities of carbon-free power is something entire countries, like South Korea and Japan, are building into their respective energy mixes.Another factor is the influence of supply and demand. Roughly 200 million pounds of uranium was consumed last […]

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp. (the “ Company ” or “ Traction ”) ‎(CSE: TRAC; OTCQB: TRCTF; FRA: Z1K) is pleased to announce that it has closed the second and final tranche of a non-brokered private placement offering of units and flow-through units of the Company (the “ Offering ”). The Offering, initially announced on April 12, 2023, comprised both units of the Company (the “ Units ”) and flow-through units of the Company (the “ FT Units ”).‎

On April 20, 2023, the Company announced it had closed the first tranche of the Offering issuing 3,050,000 Units of the Company at a price of $0.40 per Unit for aggregate gross proceeds of $1,220,000. Each Unit consisted of one (1) common share in the capital of the Company (each, […]

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Image: Richard de Lisle (pictured), manager of the VT De Lisle America fund Plummeting price to earnings ratios across US consumer cyclicals have created abundant niche opportunities, despite fears of a looming recession.

Richard de Lisle, manager of the VT De Lisle America fund, argued the US market contained various opportunities in niches including boat manufacturers, with Malibu Boats a key pick for the manager.

The firm is particularly attractive to de Lisle as its earnings report has "once again beat expectations", seeing earnings increase by more than 50%.

De Lisle added the manufacturer claims it is seeing "no signs of a slowdown", with the firm currently sitting at a PE ratio of 6.95.He argued that following the pandemic, stocks focused on the outdoors had been performing strongly, and despite boat sales plummeting during the 2008 recession, the post-lockdown surge would be strong enough to maintain sales during a potential recession. […]

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Mr. Govind Friedland reports:

Vancouver, British Columbia–(Newsfile Corp. – May 11, 2023) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (" GoviEx " or the " Company "), is pleased to report that it has closed its previously announced bought deal private placement financing, underwritten by Eight Capital and SCP Resource Finance LP (formerly known as Sprott Capital Partners LP), as lead underwriters and joint bookrunners (collectively, the Underwriters ), of 85,714,200 units of the Company (" Units "), at a price of C$0.175 per Unit for aggregate gross proceeds of C$14,999,985 (the " Private Placement ").

Each Unit consists of one Class A common share of the Company (a " Common Share ") and one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one Common Share (a " Warrant Share ") at US$0.19 until May 11, 2025.

The Company intends […]

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pic: Via Getty share

‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his “hot stocks to watch”. Market Ructions: Gold tests record highs

Last week was gold’s second highest close at US$2,050/oz finishing at US$2,018/oz, still up 1.5% in a volatile week for markets (figure 1).

Silver closed at US$25.66/oz up 2.5% while PGMs moved in the other direction driven by fears of recession with platinum down 1.4% to US$1,059/oz and palladium off almost 7% to close the week at US$1,421/oz Figure 1: 10-year gold spot price. (Source: www.kitco.com, 8 May 2023). Copper had a slight loss closing down 1 cent to $3.87/lb but remains in a 1.5% contango for the […]

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ValOre Reminds Shareholders of Proxy Cutoff in Connection with the Annual and Special Meeting to Approve the Sale of the Angilak Property to Labrador Uranium

VANCOUVER, British Columbia, May 09, 2023 (GLOBE NEWSWIRE) — ValOre Metals Corp. TSX ‐ V: VO ; OTCQB: KVLQF ; Frankfurt: KEQ0 , (“ ValOre ” or the “ Company ”). Further to ValOre’s news release on March 14, 2023, ValOre reminds its shareholders to deposit their proxies and/or voting instruction forms in connection with the upcoming annual and special meeting of ValOre shareholders (the “ Meeting ”) scheduled to take place on May 12, 2023 to approve, inter alia , the proposed plan of arrangement under the provisions of the Business Corporations Act (British Columbia) whereby ValOre will sell its interest in the Angilak Property uranium project in Nunavut Territory to Labrador Uranium Inc. (the “ Transaction ”). In order for ValOre shareholder votes […]

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Market Research Industry Today

This report is a detailed and comprehensive analysis for global Laser Uranium Analyzer market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

According to our (Global Info Research) latest study, the global Laser Uranium Analyzer market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

This report is a […]

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Terra Uranium Ltd (ASX:T92) is raising $2.78 million via a flow-through share placement. Canadian ‘flow through shares’ provide tax incentives to those investors for expenditures which qualify as flow through critical mineral mining expenditures under the Income Tax Act (Canada).

Shares will be placed at A$0.278 per share, representing a 26% premium to the company’s last closing price of A$0.22. The flow-through shares will then be immediately on-sold through a block trade agreement to select high-quality institutional and sophisticated investors.

The FTS provisions enable Terra Uranium to significantly minimise the dilution of issued capital.

Terra Uranium executive chairman Andrew Vigar said, “We appreciate the continued support of our quality investors to now move to drilling our high quality 100% owned uranium targets in the Eastern Athabasca Basin, Canada.“Following our IPO in September 2022, we have now been able to utilise the ‘flow-through share’ provisions under Canadian tax law to raise capital at […]

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Mr. Warren Stanyer reports:

Vancouver, British Columbia–(Newsfile Corp. – May 8, 2023) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has granted an option to earn a 50% interest in the Hydra Lithium Project ("Hydra", or the "Project") to Forrestania Resources Limited , of West Perth, Australia ("Forrestania"). 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 Option Agreement

ALX staked eight Hydra sub-projects in late 2022 and early 2023, and is currently the 100% owner of the Project. Staking and exploration costs incurred by ALX to the end of the 2023 field season are projected to total CAD $900,000. The following terms provide for Forrestania to essentially match ALX’s staking and exploration commitment. To earn […]

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TORONTO, May 8, 2023 /CNW/ – Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO ) (OTCQX: GLATF) (FRANKFURT: G12) announced today that the Company has formalized its June 2022 Letter of Intent by signing a Definitive Agreement with a major North American utility for their procurement of uranium from the Dasa Project. The agreement represents the supply of up to 2.1 million pounds U 3 O 8 within a multi-year delivery window beginning in 2025, representing about 7% of Dasa’s annual production over the period with a revenue potential valued in excess of US$110 million in real terms. GLO – OTCQX Best 50 (CNW Group/Global Atomic Corporation) In January 2023, the Company formalized a similar agreement with another major North American utility for the procurement of Dasa’s uranium, representing the supply of 2.4 million pounds U 3 O 8 over a six-year period commencing in 2025, representing […]

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Uranium Energy (UEC) closed at $2.64 in the latest trading session, marking a -1.49% move from the prior day. This change lagged the S&P 500’s 0.05% gain on the day. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, added 6.02%.

Prior to today’s trading, shares of the uranium mining and exploration company had lost 0.37% over the past month. This has was narrower than the Basic Materials sector’s loss of 0.73% and lagged the S&P 500’s gain of 1.18% in that time.

Uranium Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.02, down 166.67% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.02 per share and revenue of $113.95 million. These totals would mark changes of -200% and +391.99%, respectively, from last year.It is […]

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