Category: Uranium

VANCOUVER, BC, April 10, 2023 /CNW/ – SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce it has entered into a letter of intent (" LOI ") with F3 Uranium Corp. (the " F3 "), whereby SKRR and F3 will negotiate and settle the terms of a definitive option agreement (the " Option Agreement ") that will provide SKRR with an option to acquire up to a 70% interest in F3’s right, title and interest in and to the mineral claims compromising the mineral exploration project known as the "Clearwater West Project", located in Saskatchewan (the " Transaction "). SKRR Exploration Inc. Logo (CNW Group/SKRR EXPLORATION INC.) The Clearwater West Project is located ~20km outside the edge and in the south-west area of the Athabasca Basin, which is poised to become the next area for the development of major […]

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The price-to-earnings ratio for Uranium Energy Corp. (AMEX: UEC) is 44.83x, which is above its average ratio. Moreover, the 36-month beta value for UEC is 2.00.

The public float for UEC is 358.78M and currently, short sellers hold a 14.84% of that float. On April 10, 2023, UEC’s average trading volume was 8.14M shares.

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Apr 09, 2023 (The Expresswire) — The latest market research report on the Global " Uranium Market " is segmented by Regions, Country, Company and other Segments. The global Uranium market is dominated by key Players, such as [GoviEx, American Uranium Corp. Inc, Jinduicheng Molybdenum, Energy Resources of Australia Ltd, JOGMEC, AREVA, U3O8 Corp, BHP Billiton, Sinohydro, Orano, CNNC, Sinosteel, Cameco, China National Nuclear Corp, Kazatomprom] these players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Stake holders and other participants in the global Uranium market will be able to gain the upper hand by using the report as a powerful resource for their business needs.

What is the Uranium market growth?

Uranium Market Size is projected to Reach Multimillion USD by 2031, In comparison to 2023, […]

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(TheNewswire) Vancouver, BC – TheNewswire – April 4, 2023 – Oberon Uranium Corp.(“ Oberon ” or the “ Company ”) (CSE:OBRN) is pleased to announce that it has signed a definitive share purchase agreement respecting its previously announced (see Oberon’s news release dated March 6, 2023) transaction (the “Transaction”) under which it will acquire all of the issued and outstanding shares of 2037881 Alberta Ltd. (“2037881 AB”). The material assets of 2037881 AB are 23 mineral claims totalling 20,064 hectares near Uranium City, Saskatchewan, Canada, known as the “Fusion Uranium Zone Project”, which is prospective for uranium. In addition, 2037881 AB owns uranium extraction technology using a method of in-situ leaching of uranium deposits located in non-porous, impermeable underground formations.

Oberon has now executed a share purchase agreement dated April 3, 2023 (the “SPA”) with 2037881 AB and the shareholders of 2037881 AB, which contemplates that on closing Oberon will […]

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Bill HB 4119 would enhance the administrative procedure for permitting in-situ recovery (ISR) of uranium by clarifying the public’s ability to participate in one fulsome and transparent hearing. Bill HB 4120 would allow the Texas Council on Environmental Quality (TCEQ) staff to inspect a proposed well site using aerial or satellite imagery, or other appropriate sources, rather than conducting an on-site visit. The bills would make the administrative process more efficient, reduce staff time and conserve groundwater that would otherwise be consumed in reclamation activities during the permitting process.

enCore Energy’s Chief Executive Officer, Paul Goranson, stated "Working together with our Texas State Representatives and the Texas Mining and Reclamation Association is extremely important to enhance and improve our regulatory environment. While Texas is one of the most favorable states for in-situ recovery of uranium, we always seek ways to work together to ensure we maintain Texas as a […]

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“Uranium 2022: Resources, Production and Demand”, widely known as the Red Book, is the 29th edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency’s biennial report. The 568-page report presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It includes 54 country reports on uranium exploration, resources, production and reactor-related requirements, 36 of which were prepared from officially reported government data and narratives, and 18 that were prepared by the NEA and IAEA secretariats.

Overall, global uranium resources decreased "modestly" in the reporting period (January 2019 to January 2021) compared with slight increases in previous recent editions. This was mainly due to mining depletion and cost category re-assignments of resources in Kazakhstan and Canada. However, Australia continues to lead with 28% of the world’s identified recoverable resources. Global expenditures on domestic exploration and mine development decreased […]

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DUBLIN, April 7, 2023 /PRNewswire/ — The "Nuclear Power Plant and Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com’s offering.

The global market for Nuclear Power Plant and Equipment estimated at US$82.5 Billion in the year 2022, is projected to reach a revised size of US$103.1 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030.

The U.S. Market is Estimated at $24.1 Billion, While China is Forecast to Grow at 2.7% CAGR

The Nuclear Power Plant and Equipment market in the U.S. is estimated at US$24.1 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2022 to 2030.Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.4% respectively […]

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CORPUS CHRISTI, Texas, April 4, 2023 /CNW/ – enCore Energy Corp. (" enCore " or the " Company ") (NYSE: EU) (TSXV: EU )) today announced that enCore’s Chief Operating Officer, Peter Luthiger, testifies today before the Texas State House Committee on Natural Resources regarding two bills of importance to the uranium industry. Both bills are sponsored by Texas State Representative Ryan Guillen. Mr. Luthiger, who is also Chairman of the Texas Mining and Reclamation Association (TMRA), testifies both on behalf of enCore and TMRA’s Uranium Mining Committee.

Bill HB 4119 would enhance the administrative procedure for permitting in-situ recovery (ISR) of uranium by clarifying the public’s ability to participate in one fulsome and transparent hearing. Bill HB 4120 would allow the Texas Council on Environmental Quality (TCEQ) staff to inspect a proposed well site using aerial or satellite imagery, or other appropriate sources, rather than conducting an on-site visit. […]

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The ugly-stepsister years for uranium could be coming to a close. "We’re sort of in kind of what feels like the early stages of a nuclear renaissance," said Justin Huhn, publisher and founder of Uranium Insider. "The sector is set to grow immensely. There’s huge upside for the commodity itself. The equities are massively discounted." The average price of uranium — which doesn’t trade on a public market like other commodities — gained 5.9% from the end of 2022 to the end of March, according to Cameco , a publicly traded producer that tracks average prices. Compared with May 2014, its lowest point in the last four years, the price has more than doubled. Uranium’s 2023 advance could be the start of a bigger positive trend for the once-disliked form of nuclear energy, experts said. And they’re optimistic about both the price of the commodity and the ways to […]

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Highlights Target areas include the southern extension of a conductive trend with weak uranium mineralization and over 15 kilometres of strike length along a major structural zone.

Cosa’s 100% owned uranium exploration portfolio now comprises 100,652 hectaresof highly prospective exploration ground in the Athabasca Basin.

Low-cost staking has expanded Cosa’s strategically located portfolio to fiveproperties within prospective uranium corridors.

Keith Bodnarchuk, President & CEO, commented: “Similar to our Ursa project, this is an example of our technical team leveraging past experience and discovery success to identify overlooked, cost-effective acquisitions. The acquisition cost for Helios was only ~$8,000. With a land package now totaling more than 100,000 hectares, we continue to create a strong pipeline of projects in the prolific Athabasca Basin.” Andy Carmichael, VP of Exploration commented: “Despite containing electromagnetic conductors, a major structural zone, and being located along strike of uranium occurrences, the Helios […]

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Press Release

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Apr 07, 2023 (The Expresswire) — Global Uranium Market research report offers a detailed analysis of valuable insight into the market state and future predictions until 2029. The report uses both qualitative and quantitative data to highlight key market trends, challenges, competition, industry developments, and emerging opportunities. Additionally, the report provides insights into the size, recent growth, share, and development status of the Uranium market, as well as its dynamics, cost structure, and competitive landscape. Ask for A Sample Report Global Uranium Market Research Report 2023 is spread across 109 pages and provides Size, Share, Growth, and Forecast with exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector.Uranium Market research report offers New Insight updates on Business Strategies including Mergers, Acquisitions, Partnerships, R and D, Expansion […]

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Cameco Corp. (CCO:TSX; CCJ:NYSE) is to get a tax refund of about US$300 million (US$300M) from the Canada Revenue Agency (CRA), which is the partial resolution of an ongoing dispute that began in 2008, reported Canaccord Genuity analyst Katie Lachapelle in a March 27 research note.

The analyst explained that the CRA revised certain tax assessments imposed on and remitted by the Canadian uranium producer for the years 2007 through 2013. This resulted in a credit owed to Cameco and the now-pending refund, to be issued in cash (US$89M) and letters of credit (US$211M). When it will happen is unknown. A Favorable Sign

Lachapelle highlighted that US$300M is only 39% of the amount Cameco disputes, but the refund is an encouraging development.

"We believe the receipt of this US$300M million is a positive indicator for the long-running dispute with the CRA and suggests it is likely that Cameco will be […]

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The ugly-stepsister years for uranium could be coming to a close. “We’re sort of in kind of what feels like the early stages of a nuclear renaissance,” said Justin Huhn, publisher and founder of Uranium Insider. “The sector is set to grow immensely. There’s huge upside for the commodity itself. The equities are massively discounted.” The average price of uranium — which doesn’t trade on a public market like other commodities — gained 5.9% from the end of 2022 to the end of March, according to Cameco , a publicly traded producer that tracks average prices. Compared with May 2014, its lowest point in the last four years, the price has more than doubled. Uranium’s 2023 advance could be the start of a bigger positive trend for the once-disliked form of nuclear energy, experts said. And they’re optimistic about both the price of the commodity and the ways to […]

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Globex Mining Enterprises Inc announced that Maple Gold Mines Ltd (TSX-V:MGM, OTCQB:MGMLF) has provided results from the final 20% of assays that were received from the previously-completed 14,720 metres (m) of drilling at the Eagle Mine property in Quebec, which is under option from Globex.

The minerals property bank said the results continue to demonstrate continuity of mineralization and the potential significance of the multiple horizons/splays to the northwest of the former Eagle mine.

Wishpond Technologies Ltd is a stock to watch with a new all-in-one marketing and sales solution on the market and more acquisitions potentially to come, according to analysts at PI Financial.

The Vancouver-based company received a ‘Buy’ rating and C$1.75 price target, up from C$1.50.A silver exploration and development company is teaming up with a venture capital firm to launch the world’s first silver-backed non-fungible token (NFT), opening a potential new funding vehicle for junior mining and crypto […]

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VANCOUVER, British Columbia, April 06, 2023 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard Uranium” or the “Company”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce the results of geophysical surveys completed on each of the Company’s three eastern Athabasca basin projects (the “Projects”). High-resolution ground gravity, induced polarization (“IP”) / direct current (“DC”) resistivity, and airborne time domain electromagnetic (“TDEM”) surveys were completed on Standard Uranium Ltd.’s Atlantic, Canary, and Ascent properties, respectively (Figure 1). Key drill target areas have been defined for each project based on positive survey results and historical exploration data.

Key Focus Points: Standard Uranium has defined multiple drill-ready target areas on the Atlantic, Canary, and Ascent projects situated in the prolific eastern Athabasca Basin.

Strong EM conductors coupled with regional-scale faults and potential alteration signatures outline high-priority target areas on all three eastern Athabasca projects.

ALS Goldspot Discoveries is currently […]

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(TheNewswire) Cosa Resources Corp. ( CSE: COSA ) (" Cosa Resources " or the "Company") is pleased to announce it has acquired the Helios property covering 12,835 hectares of prospective uranium exploration ground in the northern Athabasca Basin. The property was acquired by staking and is 100% owned by Cosa Resources with no encumbrances

Highlights Target areas include the southern extension of a conductive trend with weak uranium mineralization and over 15 kilometres of strike length along a major structural zone.

Cosa’s 100% owned uranium exploration portfolio now comprises 100,652 hectares of highly prospective exploration ground in the Athabasca Basin.

Low-cost staking has expanded Cosa’s strategically located portfolio to five properties within prospective uranium corridors. Keith Bodnarchuk, President & CEO, commented: "Similar to our Ursa project, this is an example of our technical team leveraging past experience and discovery success to identify overlooked, cost-effective acquisitions. The acquisition […]

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DESPITE calls for the diversification of the local economy away from mining, the sector continues to dominate exports, with key mineral resources making up over N$4,4 billion of the N$8,1 billion export bill in February.

Diamonds, gold, uranium and copper continue to be shipped out of the country, and when spread over the first two months of the year, the export bill stands at a staggering N$7,6 billion.

Trade data the Namibia Statistics Agency released yesterday show that the country’s export bill of N$8,1 billion was still behind imports, which settled at N$8,4 billion for the month of February.

This leaves a trade deficit of N$412 million.Exports were mainly destined for South Africa (17,7%), Botswana (15,3%), China, Belgium and Zambia.The N$8,4 billion bill was mainly sourced from South Africa (46,2%), China (13,1%), India, the United Arab Emirates and the United States.The analysis of exports by commodities revealed that diamonds had the largest […]

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Concurrent Private Placement "), which includes the partial exercise of the Underwriters’ over-allotment option. The Concurrent Private Placement was conducted by a syndicate of underwriters, co-led by Red Cloud Securities Inc. (" Red Cloud "), as sole bookrunner, and Canaccord Genuity Corp. (together with Red Cloud, the " Co-Lead Underwriters "), and included Haywood Securities Inc. and PI Financial Corp. (collectively, the " Underwriters "). LUR is also pleased to announce that Mr. John Jentz has been appointed as Chief Executive Officer and a Director of the Company.
Concurrent Private Placement The Concurrent Private Placement was undertaken in conjunction with the Company’s previously announced entry into an arm’s length definitive agreement with ValOre Metals Corp. (" ValOre ") pursuant to which the Company will […]

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PSE is conducting a cost-benefit analysis to potentially increase the current throughput limit to either 1,000 tons per day or 1,250 tons per day Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) has provided an update on the progress of the reactivation plan for the Shootaring Canyon Mill in Garfield County, Utah, including a potential capacity increase in uranium production at the site.

The uranium and vanadium development and near-term production company commissioned Precision System Engineering (PSE) in November last year to complete a reactivation proposal for Shootaring.

It said PSE’s team has been onsite at the Shootaring Mill multiple times to visually assess the current state of this asset, and revealed that initial reactions from PSE are “very positive”, with much of the infrastructure of the facility in “pristine” condition, requiring little to no refurbishment.

Where necessary, certain systems and components of the mill have been identified for larger equipment overhauls or upgrades and […]

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In last weeks uranium sector roundup , I highlighted that uranium is at a key technical point. Spot price remains above $50, but the focus should be on other uranium charts. I spotted major breakdowns in all energy commodities. Oil got shaken up with the OPEC+ production cut. While the uranium charts are currently playing out the worst fears for uranium bulls: another leg lower.

Remember: the long term fundamentals for uranium still stand. With world governments wanting to deal with the climate crisis, nuclear energy is going to play an important role being able to handle baseload power and having no CO2 emissions. You can clearly see now that many nations are reversing their stance on nuclear energy, and even being more open to the idea of building more nuclear power plants.

When it comes to the technicals, we can use the charts to jump on trends. For long term […]

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In the last trading session, 6.18 million Uranium Energy Corp. (AMEX:UEC) shares changed hands as the company’s beta touched 2.02. With the company’s per share price at $2.84 changed hands at -$0.14 or -4.70% during last session, the market valuation stood at $1.07B. UEC’s last price was a discount, traded about -132.39% off its 52-week high of $6.60. The share price had its 52-week low at $2.36, which suggests the last value was 16.9% up since then. When we look at Uranium Energy Corp.’s average trading volume, we note the 10-day average is 10.78 million shares, with the 3-month average coming to 8.12 million.

Analysts gave the Uranium Energy Corp. (UEC) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further […]

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The recently announced plans of the US to refuse imports of Russian uranium and to accelerate domestic production could lead to turmoil in the global uranium market and lead to the change of balance of power in the new leading players and suppliers.

Recently a group of US senators from the Republican and Democratic parties introduced a bill to impose an embargo on Russian uranium. The US Senate Committee on Energy and Natural Resources believes that the country may refuse its further use while also having the resources to boost domestic uranium mining.

Most analysts, however, believe that possible restrictions may hit not only the US market itself, but also contribute to price increases for uranium fuel around the world that could result in the closure of nuclear power plants.

Analysts also believe that introduction of the ban will shock the US market, as the share of Russian uranium suppliers is significant, […]

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Encore Energy Corp . (" enCore " or the " Company ") (NYSE: EU) ( TSXV: EU )) today announced that enCore’s Chief Operating Officer, Peter Luthiger testifies today before the Texas State House Committee on Natural Resources regarding two bills of importance to the uranium industry. Both bills are sponsored by Texas State Representative Ryan Guillen . Mr. Luthiger, who is also Chairman of the Texas Mining and Reclamation Association (TMRA), testifies both on behalf of enCore and TMRA’s Uranium Mining Committee. enCore Energy Logo (CNW Group/enCore Energy Corp.) Bill HB 4119 would enhance the administrative procedure for permitting in-situ recovery (ISR) of uranium by clarifying the public’s ability to participate in one fulsome and transparent hearing. Bill HB 4120 would allow the Texas Council on Environmental Quality (TCEQ) staff to inspect a proposed well site using aerial or satellite imagery, or other appropriate sources, rather than conducting […]

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Vancouver, April 4, 2023 – Oberon Uranium Corp. ("Oberon" or the "Company") (CSE:OBRN) is pleased to announce that it has signed a definitive share purchase agreement respecting its previously announced (see Oberon’s news release dated March 6, 2023) transaction (the "Transaction") under which it will acquire all of the issued and outstanding shares of 2037881 Alberta Ltd. ("2037881 AB"). The material assets of 2037881 AB are 23 mineral claims totalling 20,064 hectares near Uranium City, Saskatchewan, Canada, known as the "Fusion Uranium Zone Project", which is prospective for uranium. In addition, 2037881 AB owns uranium extraction technology using a method of in-situ leaching of uranium deposits located in non-porous, impermeable underground formations.

Oberon has now executed a share purchase agreement dated April 3, 2023 (the "SPA") with 2037881 AB and the shareholders of 2037881 AB, which contemplates that on closing Oberon will issue an aggregate of 20,000,000 Class A common […]

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The operator of a decommissioned uranium mine in Kakadu National Park is hoping to raise $369 million to continue paying for rehabilitation, with its current funds due to be exhausted by the end of September.

Energy Resources Australia (ERA) has been trying to find enough money to return the Ranger uranium mine, 250 kilometres east of Darwin, to its pre-mining state, after operations shut in January 2020.

The company has spent about $524 million on rehabilitation works, the total bill for which was estimated at between $1.6 billion and $2.2 billion — a figure that is being revised.

With no revenue stream, ERA turned to a share offer to raise money for the mine clean-up.In an announcement to the ASX today, ERA said it would offer its shares for $0.02 — a 90 per cent discount on its five-day average price.ERA’s major shareholder, global mining giant Rio Tinto, has made a binding […]

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