Category: Uranium

A few weeks ago, I mentioned to readers that all energy markets were showing signs of major breakdowns. Uranium was included, and we called the move lower. In this uranium sector roundup, we will go over the charts before looking at Athabasca Basin based news.

Let’s start with some positivity: uranium has recovered and is back over $50! Now the kind of bad news. We have seen a bounce in energy which initially may feel like a reversal… However, these moves (including in the oil markets!) seem to be just a relief rally to retest the breakdown zones. Meaning that the downtrend is still in play unless energy markets can reclaim what was once recent support.

For uranium, this is occurring right now. The $50.35-40 zone is the neckline (or resistance/price ceiling) of the head and shoulders pattern I pointed out to readers. Here’s a quick reminder of how that pattern […]

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Myriad’s OTCQB symbol is "MYRUF" and Frankfurt symbol is "C3Q".

Myriad’s common shares continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "M".

"Our goal is to be one of the world’s most successful uranium explorers," Myriad’s CEO Thomas Lamb stated. "By expanding our audience and improving access to our shares, OTCQB and Frankfurt listings will help us get there. We now invite retail and institutional investors around the world to consider investing in Myriad, which holds some of the most prospective uranium ground anywhere." He then continued, "To take one example, Myriad’s Agebout licence, formerly held by Orano’s predecessor Areva, is just a few kilometres north of Africa’s largest uranium deposit, Imouraren, and on the same structure, the Arlit Fault. Imouraren hosts an eye-watering 384 million pounds of eU₃O₈ 1 . Areva had planned an ambitious drill program for the fault intersection area within our […]

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

Vancouver, BC, March 28, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to announce that the 2023 exploration program has been completed at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://www.skyharbourltd.com/_resources/maps/Sky_EastPreston_20211209.jpg

Drilling for the 2023 program at the East Preston Project commenced on February 2 nd and was recently completed. In total 3,066 metres has been completed in 13 drill holes. After some initial startup delays due to extreme weather variations, two drill rigs were able to complete 12 drill holes and one abandoned due to drilling difficulties. Drilling was focused on the G, K, H, and Q zones with prior progress reported in a news release dated February 28 th , 2023. Demobilization of the drill […]

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

Anfield Energy Inc . (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) ("Anfield" or the "Company") is pleased to report the results of a combined preliminary economic assessment ("PEA") for both its Utah-based Velvet-Wood Uranium and Vanadium Project ("Velvet-Wood") and its Colorado-based Slick Rock Uranium and Vanadium Project ("Slick Rock"). The PEA titled, "The Shootaring Canyon Mill and Velvet-Wood and Slick Rock Uranium Projects, Preliminary Economic Assessment" (PEA, 2023), will be published on SEDAR within 45 days. These two projects are located proximal to one another within the prolific Uravan Mineral Belt, and within close distance of the Company’s [permitted] Shootaring Canyon Mill ("Shootaring") which will act as a centralized mineral processing facility in the PEA. The independent PEA was prepared in accordance with National Instrument 43-101 standards of disclosure for mineral properties.

Highlights include: The PEA indicates a pre-tax project internal rate of return ("IRR") of 40% and a net present […]

Click here to view original web page at investingnews.com

Vancouver, British Columbia–(Newsfile Corp. – March 29, 2023) – MYRIAD URANIUM CORP. (CSE: M) (" Myriad " or the " Company "), a uranium explorer with over 1,800 km 2 on-structure and adjacent to several of Africa’s most significant uranium deposits, is pleased to announce the listing of its common shares in the United States on the OTCQB® Venture Market ("OTCQB") under the symbol "MYRUF" and in Germany on the Frankfurt Stock Exchange ("FSE") under the symbol "C3Q" (ISIN: CA62857Y1097 | WKN: A3D1E0).

Myriad’s common shares continue to trade on the Canadian Securities Exchange ("CSE") under the symbol "M".

"Our goal is to be one of the world’s most successful uranium explorers," Myriad’s CEO Thomas Lamb stated. "By expanding our audience and improving access to our shares, OTCQB and Frankfurt listings will help us get there. We now invite retail and institutional investors around the world to consider investing in […]

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

Uranium Energy Corp. (AMEX:UEC) concluded the trading at $2.88 on Wednesday, March 29 with a rise of 1.41% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $2.84 and 5Y monthly beta was reading 2.05 with its price kept floating in the range of $2.84 and $3.00 on the day. Company’s P/E ratio for the trailing 12 months is 48.00. Considering stock’s 52-week price range provides that UEC hit a high price of $6.60 and saw its price falling to a low level of $2.36 during that period. Over a period of past 1-month, stock came subtracting -22.16% in its value.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today’s chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic […]

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The market opened on the back foot today down ~20pts at the worst before CPI (inflation) data was released at 11.30am, coming in 6.8% versus 7.2% expected and down from 7.4% last month. Clearly, inflation is cooling and while it is still way too high, it’s heading in the right direction, while today’s result should cement the RBA’s decision to pause in April, the market is actually pricing in no more rate hikes from here. The S&P/ASX 200 added +16pts / +0.23% to close at 7050.

Materials (+1.25%) and Energy (+1.24%) battled it out for the top spot on the sectors as resources continued to rally

REITs (-0.77%), Financials (-0.46%) and Healthcare (-0.43%) were the biggest drag.

Paul Bloxham from HSBC on today’s inflation read, “Today’s data also followed further signs that economic activity is slowing. Our central case – held since late January – is that the […]

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

Uranium Energy (UEC) has been beaten down lately with too much selling pressure. While the stock has lost 23% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.

Guide to Identifying Oversold Stocks

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock’s price is reaching a […]

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

In this InvestorIntel interview during PDAC 2023, Tracy Weslosky talks to George Glasier, CEO, President, and Director of Western Uranium & Vanadium Corp. ’s (CSE: WUC | OTCQX: WSTRF) about pressure on the uranium supply chain and expectations for a strong uranium market. As an industry expert, he points out that demand for uranium is going up but production is not, and many expect 2023 to be a breakout year with the potential for skyrocketing prices.

George points out that 50% of the US uranium supply comes from Russia, and with the war in Ukraine there is already a reluctance to buy from Russia and a desire to secure new sources to fuel American and European power plants. He goes on to say that the current western supply cannot meet western demands for uranium at present or in the near future.

George also provides an update on Western Uranium & Vanadium’s […]

Click here to view original web page at investorintel.com

Image source: Company website Highlights

In FY22, the company marked its listing on ASX and started trading on FSE.

The company renewed the portion of the Saraya permit prospective for uranium for another three years.

The company purchased a 40 man camp and acquired the historical data for the Saraya uranium project containing ~60,000m of historical drilling. Haranga developed an exploration target of 5 to 20 MT at a grade range of 350 to 750 ppm eU 3 O 8 (4-35 Mlb contained eU 3 O 8 ) at the Saraya prospect as per the guidelines of the JORC Code (2012). The company commenced a permit wide termite mound soil sampling program across the 1,650km 2 permit and completed its maiden drill program at the Saraya uranium prospect. Drill results received following 3,021m validation drill program with uranium mineralisation intersected in all holes drilled, with average weighted grade […]

Click here to view original web page at kalkinemedia.com

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( MENAFN – ValueWalk)
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Three company officers took advantage of the slipping share price following accusations in a recent short reportShares of Uranium Energy Corporation (nyseamerican:uec ) fell more than 17% last week, with selling pressure fueled by short seller kerrisdale capital ‘s Thursday disclosure of its short position in the company.Get Our Activist Investing Case Study!Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! q4 2022 hedge fund letters, conferences and more Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]Gates Capital Management’s ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced […]

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Source: Shutterstock Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you’d have done very well indeed. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Purepoint Uranium Group ( CVE:PTU ) shareholders be worried about its cash burn? In this report, we will consider the company’s annual negative free cash flow, henceforth referring to it as the ‘cash burn’. First, we’ll determine its cash runway by comparing its cash burn with its cash reserves.

See our latest analysis for Purepoint Uranium Group How Long Is Purepoint Uranium Group’s Cash Runway?

A company’s cash runway is calculated by dividing its cash hoard by its cash burn. When […]

Click here to view original web page at simplywall.st

Vancouver, BC, March 28, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to announce that the 2023 exploration program has been completed at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://www.skyharbourltd.com/_resources/maps/Sky_EastPreston_20211209.jpg

Drilling for the 2023 program at the East Preston Project commenced on February 2 nd and was recently completed. In total 3,066 metres has been completed in 13 drill holes. After some initial startup delays due to extreme weather variations, two drill rigs were able to complete 12 drill holes and one abandoned due to drilling difficulties. Drilling was focused on the G, K, H, and Q zones with prior progress reported in a news release dated February 28 th , 2023. Demobilization of the drill […]

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

VANCOUVER, BC / ACCESSWIRE / March 28, 2023 / RUSH RARE METALS CORP. (" Rush " or the " Company ") is pleased to announce that BRS Engineering has completed a Technical Report (the " Report ") for its Copper Mountain uranium project near Riverton, Wyoming, USA (the " Copper Mountain Uranium Project "). The Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is available under the Company’s SEDAR profile at www.sedar.com.

The Copper Mountain Uranium Project is comprised of 110 claims and encompasses several historical uranium occurrences, including the Arrowhead Uranium Mine which produced as much as 500,000 pounds of eU3O8 in the 1960’s and 1970’s (prior to a virtual shutdown of uranium mining activities in the USA at the end of the 1970’s). The Copper Mountain Uranium Project is held by Rush through its wholly owned subsidiary, Rush Uranium […]

Click here to view original web page at www.finanznachrichten.de

A downtrend has been apparent in Uranium Energy (UEC) lately with too much selling pressure. The stock has declined 22.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company’s ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.

Guide to Identifying Oversold Stocks

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and […]

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

Night skies over Pasfield Lake. Terra Uranium Ltd (ASX:T92) has wrapped up the winter reverse circulation (RC) drilling stage of its ongoing maiden exploration program seeking major uranium deposits under cover at the 100%-owned Pasfield and Parker projects in Canada.

The company holds a 100% interest in 22 claims spanning 1,008 square kilometres forming the HawkRock Project, Parker Lake Project and Pasfield Lake Project in the Cable Bay Shear Zone (CBSZ) on the eastern side of the uranium-rich Athabasca Basin, north-eastern Saskatchewan, Canada.

The projects are roughly 80 kilometres to the west of multiple operating large uranium mills, mines and known deposits.

The CBSZ is a major reactivated structural zone with known uranium mineralisation. There has been limited exploration in the area, though, as the basin sediment cover is thicker than for the known deposits immediately to the east. Winter drilling program T92 drilled 29 RC holes at the two projects for […]

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

Shares of Uranium Energy Corporation ( US:UEC ) fell more than 17% last week, with selling pressure fueled by short seller Kerrisdale Capital’s Thursday disclosure of its short position in the company.

Three company officers took advantage of the share price weakness, buying stock and helping recover some investor confidence. Shares were 1.5% higher in extended trading on Friday evening. These transactions were initially spotted on Fintel’s insider trading tracker.

According to Kerrisdale, UEC has failed to capitalize on spikes in uranium prices during the last two bull markets. Furthermore, the short seller claims that UEC’s deposits are unprofitable at current prices, with none of the company’s stated 140 million pounds of estimated uranium resources in the United States being viable for mining. Kerrisdale estimates that UEC’s underlying assets are worth just over $350 million, which is around 30% of its current market cap.

Promotional Payments Kerrisdale also called out […]

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

Shares of Uranium Energy Corporation ( US:UEC ) fell more than 17% last week, with selling pressure fueled by short seller Kerrisdale Capital’s Thursday disclosure of its short position in the company.

Three company officers took advantage of the share price weakness, buying stock and helping recover some investor confidence. Shares were 1.5% higher in extended trading on Friday evening. These transactions were initially spotted on Fintel’s insider trading tracker.

According to Kerrisdale, UEC has failed to capitalize on spikes in uranium prices during the last two bull markets. Furthermore, the short seller claims that UEC’s deposits are unprofitable at current prices, with none of the company’s stated 140 million pounds of estimated uranium resources in the United States being viable for mining. Kerrisdale estimates that UEC’s underlying assets are worth just over $350 million, which is around 30% of its current market cap.

Promotional Payments Kerrisdale also called out […]

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

What happened

Uranium Energy (NYSEMKT: UEC) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET. So what

So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much mining at all — nor can it mine, profitably. Although UEC reported $23 million in sales last year, and $105 million through the […]

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

Sulliden Mining Capital Inc. (TSX: SMC) (‘Sulliden’ or the ‘Company’) is pleased to announce it has entered into a share exchange agreement dated March 23, 2022, pursuant to which the Company has agreed to acquire all of the issued and outstanding common shares of a private Ontario company (‘Privco’) from its shareholders, subject to the terms and conditions set out in the agreement.

Privco holds 965 uranium claims representing 51,035 hectares of concessions in the mining-friendly jurisdiction of Quebec. Most of the property is located in the Proterozoic Otish Supergroup. The claims represent a significant land position. Two of the three claim blocks surround the most advanced project in the district, the Matoush Deposit (owned by Consolidated Uranium Inc. (‘Consolidated’)), that displays a historical mineral resource consisting of 586,000 tonnes @ 0.954% U3O8 of indicated material and 1,686,000 tonnes @ 0.442% U3O8 of inferred material, at a cut off of […]

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

This short seller has a point about UEC stock — but it might still be wrong.

What happened

Uranium Energy ( UEC 0.37%) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET.(0.37%) $0.01Current Price$2.73UEC Key Data Points Volume22,796,0828,847,906 So what So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much […]

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

What happened

Uranium Energy ( UEC 0.37%) stock is down 44% over the past year — and half of that loss happened just this week ! Shares of the uranium mining company suffered a short attack yesterday when Kerrisdale Capital published a report declaring the stock itself (and not just its products) "radioactive."

Uranium Energy shares tumbled nearly 15% on the news yesterday, and fell another 13% earlier this morning — but have since clawed back at least some of today’s losses, and are now down only 5.7% as of 11:30 a.m. ET.

(0.37%) $0.01Current Price$2.73UEC Key Data Points Volume22,778,6808,733,031 So what So what exactly is it that Kerrisdale doesn’t like about Uranium Energy stock? A couple of things, actually.First and foremost is the fact that Kerrisdale doesn’t think this uranium miner actually does much mining at all — nor can it mine, profitably. Although UEC reported $23 million in sales […]

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

DUBLIN, March 22, 2023 /PRNewswire/ — The "Research Report on China’s Uranium Resource Import 2023-2032" report has been added to ResearchAndMarkets.com’s offering. Research and Markets Logo In recent years, China has seen rapid development of nuclear power. By the end of 2022, China had 53 commercial nuclear power units in operation, with a total installed capacity of 55.6 million kilowatts. There are 23 nuclear power units under construction, with a total installed capacity of 24.19 million kilowatts. China’s installed capacity of nuclear power generation units under construction has remained the world’s largest for many years.

As China’s installed nuclear power capacity rises, so does the country’s demand for uranium resources. Since China’s indigenous uranium resources are poor, with total reserves of no more than 200,000 tons and high mining costs, China needs to import large amounts of uranium resources every year.

In 2021, China’s imports of uranium resources reached 13,613.9 tons, […]

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

Sentiment toward nuclear energy continues to improve, and experts believe SMRs will play an important role in the industry’s future.

As nuclear energy and uranium continue to attract renewed attention from both investors and the general public, technological advances are bringing small modular reactors (SMRs) to the forefront.

SMRs vary in size and power, but are essentially smaller-scale versions of traditional nuclear reactors. Although it’s still early days, they’ve been praised by industry insiders for various reasons , including their size and relative simplicity.

During the latest Prospectors & Developers Association of Canada ( PDAC ) convention, several uranium companies and expert voices highlighted SMRs as a key component of the market moving forward. They also discussed the moment nuclear energy is having in the eyes of investors, and shared their thoughts on what’s needed to move the industry forward. Nuclear energy sentiment strong on PDAC floor “I think […]

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​In a wide-ranging interview for the World Nuclear News podcast, Bannerman Energy’s CEO Brandon Munro outlined the major changes in the global uranium and wider nuclear fuel sector as a result of the Russia-Ukraine war – and gives his advice on winning people over to nuclear energy. Brandon Munro (Image: @BannermanEnergy/Twitter) Here is an edited transcript of parts of the World Nuclear News podcast, which you can also listen to via the embedded player below or on any podcast players. The impact of the war on nuclear energy sector

"The conflict has had a profound impact, in the form of a reset of the importance of energy security. For the past 15 years, the only priority for decision makers when it came to energy, particularly in Europe, has been what I would call a distorted – because it ignored nuclear power – form of the decarbonisation imperative. […]

Click here to view original web page at world-nuclear-news.org