Category: Uranium

‘That’s a Wrap’

By Rod Blake

When the investors, traders, brokers and portfolio managers closed down their terminals at the end of last week many were feeling very complacent in that the markets were playing out much like the pundits had predicted . That is, the last U.S. Fed interest rate increase was just few days away, and so far the economy and markets seemed to have pushed through any meaningful recession. Now all they had to do was make sure their favourite positions were all filled and sit back and wait for the next bull market to take them higher….And then on Monday – First Republic Bank failed .

The way I see it – In the brokerage business we often quoted Warren Buffet’s “There is never only one cockroach” rule when referring to a corporate scandal or some type of economic event. In this case it refers to […]

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Vancouver, British Columbia – TheNewswire – May 02, 2023 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce the acquisition of the 100% owned Astro uranium exploration property in the Eastern Athabasca Basin, Saskatchewan.

Highlights Astro covers 20 kilometres strike length of electromagnetic (EM) conductors which are untested by drilling

Strong potential exists to develop significant additional conductive strike with low-cost airborne surveying

The 40,025-hectare project was acquired by low-cost staking and is 100% owned by Cosa Resources with no encumbrances Keith Bodnarchuk, President & CEO, commented: “We are thrilled to add Astro to Cosa’s portfolio of underexplored magnetic low corridors in the Athabasca Basin. Astro is another result of our efforts to acquire projects with potential for Tier 1 discoveries. Cosa is preparing to initiate significant exploration programs on multiple properties in our portfolio and we are eager to share our […]

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

Lithium rolled relentlessly forward for a long time. But it was not only been stopped in its tracks but pushed backwards in April. Picture: Getty Images Uranium has gone into May with a spring in its step, while lithium looks battle scarred after a steep fall in April. Here are the month’s winners and losers.

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Uranium (Numerco)

Price: $US53.75/lb Change: +5.91 per centIs this the time uranium finally breaks out of its $US50/lb box?Yellowcake has finally put on a small, measured run, lifting by $US3/lb in the last week of April, after almost four months of stagnation.The conditions for a big lift in uranium prices, akin to that seen in the manic days of the mid-2000s, are re-emerging if you listen to the bulls.The case for the energy commodity is that we are […]

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

Conference Call and Webcast on May 9, 2023

The Company sold 300,000 pounds of uranium at a gross margin of 58%, 79,344 pounds of vanadium at a gross margin of 37%, and the Alta Mesa property for a total gain of $116.45 million; Working capital increased, total assets increased, and total liabilities decreased.

LAKEWOOD, Colo., May 5, 2023 /PRNewswire/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") today reported its financial results for the quarter ended March 31, 2023. The Company’s Quarterly Report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission (" SEC ") and may be viewed on the Electronic Document Gathering and Retrieval System (" EDGAR ") at www.sec.gov/edgar.shtml , on the System for Electronic Document Analysis and Retrieval (" SEDAR ") at www.sedar.com , and on the Company’s website at www.energyfuels.com . Unless noted […]

Click here to view original web page at finance.yahoo.com

The following discussion and analysis should be read in conjunction with our unaudited condensed consolidated financial statements and related notes, which have been prepared in accordance with U.S. GAAP, included elsewhere in this Quarterly Report on Form 10-Q. Additionally, the following discussion and analysis should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the audited consolidated financial statements included in Part II of our Annual Report on Form 10-K for the year ended December 31, 2022. This Discussion and Analysis contains forward-looking statements and forward-looking information that involve risks, uncertainties and assumptions. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors. See "Cautionary Statement Regarding Forward-Looking Statements." All dollar amounts stated herein are in U.S. dollars, except share and per share amounts and currency exchange rates unless specified otherwise.

Operations Update […]

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During the recent session, Uranium Energy Corp. (AMEX:UEC)’s traded shares were 1.15 million, with the beta value of the company hitting 1.99. At the last check today, the stock’s price was $2.62, reflecting an intraday gain of 4.34% or $0.11. The 52-week high for the UEC share is $4.91, that puts it down -87.4 from that peak though still a striking 12.21% gain since the share price plummeted to a 52-week low of $2.30. The company’s market capitalization is $931.39M, and the average intraday trading volume over the past 10 days was 5.21 million shares, and the average trade volume was 6.95 million shares over the past three months.

Uranium Energy Corp. (UEC) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.60. UEC has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) […]

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– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES –

Vancouver, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) — First American Uranium Inc. (CSE: URM ) ( the “Company”) is pleased to announce that it will proceed with a non-brokered private placement of up to 2,800,000 units of the Company (the “ Units ”) at $0.15 per Unit for gross proceeds of up to $445,000 (the “ Offering ”). Each Unit will consist of one common share in the capital of the Company (a “ Share ”) and one half of one transferrable common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.30 for a period of 24 months from the closing of the Offering. The Units will be offered for sale in each of the provinces and […]

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Lithium rolled relentlessly forward for a long time. But it was not only been stopped in its tracks but pushed backwards in April. Picture: Getty Images Uranium has gone into May with a spring in its step, while lithium looks battle scarred after a steep fall in April. Here are the month’s winners and losers.

For the latest mining news, sign up here for free Stockhead daily newsletters WINNERS

Uranium (Numerco)

Price: $US53.75/lb Change: +5.91 per centIs this the time uranium finally breaks out of its $US50/lb box?Yellowcake has finally put on a small, measured run, lifting by $US3/lb in the last week of April, after almost four months of stagnation.The conditions for a big lift in uranium prices, akin to that seen in the manic days of the mid-2000s, are re-emerging if you listen to the bulls.The case for the energy commodity is that we are […]

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

District Metals Corp. (TSXV: DMX) (FSE: DFPP) (‘District’ or the ‘Company’) is pleased to report that Bergslagen Metals AB (a 100% owned Swedish subsidiary of District) has received approval from the Bergsstaten (Mining Inspectorate) for the Viken nr 2 and 3 mineral license applications that covers the area to the south and north of the original Viken nr 1 mineral license application that encompasses 68% of the polymetallic Viken Deposit located in Jamtland County, central Sweden.

The Viken Deposit is the largest undeveloped Alum Shale vanadium-uranium-molybdenum-nickel-copper-zinc deposit in Sweden, and amongst the largest deposits by total historic mineral resources of vanadium and uranium in the world.

Highlights

The approved Viken nr 2 and 3 mineral license applications have increased the area of the Viken Property from 2,302 hectares (ha) to 9,367 ha.Expansion of the Viken Propery to the south (Viken nr 2) and north (Viken nr 3), will allow the Company to […]

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Uranium Hexafluoride Market Research Report 2023-2031 market research report is an expert’s analysis that mainly includes companies, types, applications, regions, countries, etc. Also, the reports give an analysis on sales, revenue, trade, competition, investment, and forecast. Uranium Hexafluoride Market Research Report 2023-2031 market research covers COVID-19 impacts on the upstream, midstream and downstream industries. Also, this study offers detailed market estimates by emphasizing statistics on several aspects covers market dynamics like drivers, barriers, opportunities, threats, and industry news & trends.

Get Free Sample Report: Uranium Hexafluoride Market Research Report 2023-2031

Market segment by Region/Country including: –
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America (Brazil, Argentina and Colombia etc.) Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)Key Developments in the Uranium Hexafluoride Market Research Report […]

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

The price-to-earnings ratio for Uranium Energy Corp. (AMEX: UEC) is above average at 40.83x. The 36-month beta value for UEC is also noteworthy at 1.99. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for UEC is 358.78M, and at present, short sellers hold a 12.49% of that float. The average trading volume of UEC on May 04, 2023 was 7.07M shares.

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Lithium rolled relentlessly forward for a long time. But it was not only been stopped in its tracks but pushed backwards in April. Picture: Getty Images Uranium has gone into May with a spring in its step, while lithium looks battle scarred after a steep fall in April. Here are the month’s winners and losers.

For the latest mining news, sign up here for free Stockhead daily newsletters WINNERS

Uranium (Numerco)

Price: $US53.75/lb Change: +5.91 per centIs this the time uranium finally breaks out of its $US50/lb box?Yellowcake has finally put on a small, measured run, lifting by $US3/lb in the last week of April, after almost four months of stagnation.The conditions for a big lift in uranium prices, akin to that seen in the manic days of the mid-2000s, are re-emerging if you listen to the bulls.The case for the energy commodity is that we are […]

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

Investing News Network

May 02, 2023

Cosa Resources Corp. (CSE: COSA ) (“ Cosa Resources ” or the “Company”) is pleased to announce the acquisition of the 100% owned Astro uranium exploration property in the Eastern Athabasca Basin, Saskatchewan.

Highlights Astro covers 20 kilometres strike length of electromagnetic (EM) conductors which are untested by drilling Strong potential exists to develop significant additional conductive strike with low-cost airborne surveying The 40,025-hectare project was acquired by low-cost staking and is 100% owned by Cosa Resources with no encumbrances Keith Bodnarchuk, President & CEO, commented: “We are thrilled to add Astro to Cosa’s portfolio of underexplored magnetic low corridors in the Athabasca Basin. Astro is another result of our efforts to acquire projects with potential for Tier 1 discoveries. Cosa is preparing to initiate significant exploration programs on multiple properties in our portfolio and we are eager to share […]

Click here to view original web page at investingnews.com

The trading price of Uranium Energy Corp. (AMEX:UEC) closed lower on Tuesday, May 02, closing at $2.37, -4.05% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $2.30 and $2.47. The company’s P/E ratio in the trailing 12-month period was 39.50, while its 5Y monthly beta was 1.99. In examining the 52-week price action we see that the stock hit a 52-week high of $4.91 and a 52-week low of $2.36. Over the past month, the stock has lost -17.71% in value.

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Northern lights over Pasfield Lake in the Athabasca Basin. Terra Uranium Ltd (ASX:T92) will have diamond drills turning in a few weeks at the Pasfield Lake project in the prolific Athabasca Basin of Saskatchewan, Canada after strong helium and geophysics analyses returned indications of uranium mineralisation.

Samples taken from the reverse circulation (RC) drill hole PS-23-RC04 showed that helium concentration was 234 times greater than background, indicating there is local high-grade uranium at depth.

Discovery International Geophysics delivered the data from a ground geophysical survey over key uranium drill targets at the 100%-owned Pasfield and Parker projects, where both areas are believed to have high uranium discovery potential.

The results have been integrated into advance earth models, with drill targets now finalised for the program. All systems go ITL Diamond Drilling, a specialist in deeper drilling, has been contracted for the spring campaign targeting average depths of 1,200 metres.T92 executive chairman Andrew […]

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

Lithium rolled relentlessly forward for a long time. But it was not only been stopped in its tracks but pushed backwards in April. Picture: Getty Images Uranium has gone into May with a spring in its step, while lithium looks battle scarred after a steep fall in April. Here are the month’s winners and losers.

For the latest mining news, sign up here for free Stockhead daily newsletters WINNERS

Uranium (Numerco)

Price: $US53.75/lb Change: +5.91 per centIs this the time uranium finally breaks out of its $US50/lb box?Yellowcake has finally put on a small, measured run, lifting by $US3/lb in the last week of April, after almost four months of stagnation.The conditions for a big lift in uranium prices, akin to that seen in the manic days of the mid-2000s, are re-emerging if you listen to the bulls.The case for the energy commodity is that we are […]

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

For Immediate Release

Chicago, IL – May 2, 2023 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: iPatha.B Sugar Subindex TR ETN SGG , Sprott Junior Uranium Miners ETF URNJ , Bitwise Bitcoin Strategy Optimum Roll ETF BITC , Advisorshares Pure US Cannabis ETF MSOS and KrraneShares Global Carbon Offset Strategy ETF KSET . Here are highlights from Monday’s Analyst Blog:

Top-Performing ETF Areas of Last Week

Wall Street offered a moderate performance last week with the S&P 500 (up 0.9%), the Dow Jones (up 0.9%), the Nasdaq (up 1.3%), the Russell 2000 (down 1.3%) returning in the range of down 1.3% to up 1.3%. Presently, Wall Street is preoccupied with the earnings season and has […]

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

(via TheNewswire) Vancouver, British Columbia –TheNewswire -May 02, 2023–Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce the acquisition of the 100% owned Astro uranium exploration property in the Eastern Athabasca Basin, Saskatchewan.

Highlights Astro covers 20 kilometres strike length of electromagnetic (EM) conductors which are untested by drilling

Strong potential exists to develop significant additional conductive strike with low-cost airborne surveying

The 40,025-hectare project was acquired by low-cost staking and is 100% owned by Cosa Resources with no encumbrances Keith Bodnarchuk, President & CEO, commented:“We are thrilled to add Astro to Cosa’s portfolio of underexplored magnetic low corridors in the Athabasca Basin. Astro is another result of our efforts to acquire projects with potential for Tier 1 discoveries. Cosa is preparing to initiate significant exploration programs on multiple properties in our portfolio and we are eager to share our plans and results […]

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

Cautionary Statements & References

This presentation and the information contained herein is designed to help you understand management’s current views, and may not be appropriate for other purposes. This presentation contains third-party information, such as the uranium market, other issuers, provincial and federal infrastructure and regulations, etc., derived from third-party publications and reports which Denison believes are reliable but have not been independently verified by the Company.

Certain information contained in this presentation constitutes "forward-looking information", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-lookingstatements can be identified by the use of forward-lookingterminology such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the negatives and / or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", […]

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Business Overview

The following discussion and analysis by management is designed to provide information that we believe is necessary for an understanding of our financial condition, changes in financial condition, and results of our operations and should be read in conjunction with the audited financial statements and MD&A contained in our Annual Report on Form 10-K for the year ended December 31, 2022. Incorporated on March 22, 2004, Ur-Energy is an exploration stage issuer, as that term is defined by the SEC. We are engaged in uranium recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the U.S. We are operating our first in situ recovery uranium facility at our Lost Creek Project in Wyoming. Ur-Energy is a corporation continued under the Canada Business Corporations Act on August 8, 2006. Our common shares are listed on the TSX under the symbol "URE" and […]

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querbeet Investment Thesis

Cameco Corporation (NYSE: CCJ ) is the sort of investment that I recommend for investors that are bullish on uranium but are not actively seeking high volatility in their investment.

After all, Cameco contracts out its uranium volumes, meaning that if uranium prices were to plummet or rapidly rise, Cameco would continue to tick along nicely.

On the back of its Westinghouse Electric acquisition , Cameco is now a fully integrated producer/electrical utility. Rapid Recap In my previous Cameco analysis , as we headed into earnings I discussed the dynamics of supply and demand facing uranium. I stand by what I articulated before and won’t needlessly repeat it now.Instead, I’ll highlight this quote from Cameco’s earnings call that I believe best articulates my overall argument. We understand that to create long-term value and provide supply reliability for our customers. We must build homes for our production under long-term […]

Click here to view original web page at seekingalpha.com

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – Cameco (TSX: CCO ) (NYSE: CCJ ), one of the largest global producers of uranium fuel, today reported net earnings of C$119 million and adjusted net earnings of C$115 million for Q1 2023, compared to net earnings of C$40 million and adjusted net earnings of C$17 million in Q1 2022.

The company said its Q1 2023 results are a result of higher deliveries and higher average realized prices in both the uranium and fuel services segments "as we continue the transition to our tier-one cost structure.”

"In our uranium segment, our average realized price was 11% higher than the same period last year, and in our fuel services segment average realized prices were 9% […]

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The uranium market sprang back into action last week following a global conference.

-Spot U3O8 market action returns
-Term market also active
-Uranium miners issue glowing results
-China continues to build reactors apace
There’s nothing like a global conference to rev up the action in uranium markets.The month of April saw very little action in the spot market as buyers and sellers remained stuck on either side of the spread, refusing to budge. But when market participants returned from the World Nuclear Fuel Cycle 2023 conference held in The Hague up to April 20, it was all hands on deck.Nine transactions were completed in the last week of the month, industry consultant TradeTech reports, totalling 900,000lbs U3O8 equivalent. Not only were the usual suspects back in trading, utilities also joined in after eschewing the spot market in past months.The sellers had the edge, with TradeTech’s weekly spot price indicator […]

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

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( MENAFN – PR Newswire) NYSE American:EU
TSXV:EU
CORPUS CHRISTI, Texas, May 1, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ) announced today that it has made its first delivery into one of the Company’s four previously announced contracted uranium sales agreements. This delivery of 200,000 pounds U3O8 represents the first portion of the annual deliveries into the 5-year agreement (announced on August 4, 2021) which covers 2 million pounds U3O8 of uranium with significant delivery flexibility for market related pricing. The Company successfully acquired uranium under favorable pricing terms in 2022 from a third party and delivered it into this agreement using current spot market pricing indicators to establish the sales price.Paul Goranson, enCore Energy Chief Executive Officer said, "As enCore continues to execute on our pipeline to production […]

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CORPUS CHRISTI, Texas, May 1, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ) announced today that it has made its first delivery into one of the Company’s four previously announced contracted uranium sales agreements. This delivery of 200,000 pounds U 3 O 8 represents the first portion of the annual deliveries into the 5-year agreement (announced on August 4, 2021) which covers 2 million pounds U 3 O 8 of uranium with significant delivery flexibility for market related pricing. The Company successfully acquired uranium under favorable pricing terms in 2022 from a third party and delivered it into this agreement using current spot market pricing indicators to establish the sales price. enCore Energy Logo (CNW Group/enCore Energy Corp.) Paul Goranson, enCore Energy Chief Executive Officer said, "As enCore continues to execute on our pipeline to production strategy, it […]

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