Category: Uranium

Kazakhstan is the world’s largest miner of uranium, followed by Canada, Namibia and Australia. Photo: Reuters Summary

One Central Asian country stands out above the rest

On July 3rd Vladimir Putin, Russia’s president, and Xi Jinping, China’s leader, attended the annual summit of the Shanghai Co-operation Organisation, a Eurasian security and defence partnership, in Astana, Kazakhstan’s capital. In a statement ahead of his meeting with Kassym-Jomart Tokayev, Kazakhstan’s president, Mr Xi emphasised the need for the two countries to strengthen their co-operation in energy investment and mining. It hints at an area where the “no-limits" friendship between Russia and China is being tested, as they both woo Kazakhstan.

The war in Ukraine exposed Europe’s dependency on Russian oil and gas. This has given a boost to nuclear advocates and increased the demand for uranium, the mineral used for nuclear fuel. Global uranium production is projected to reach over 75,000 tonnes […]

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

Harmony CEO Peter Steenkamp, who retires at year-end. Harmony CEO Peter Steenkamp, who retires at year-end. By: Martin Creamer

Creamer Media Editor

Font size: – +

Listen to this article6 minJOHANNESBURG (miningweekly.com) – Johannesburg Stock Exchange-listed Harmony, which has 74 years of mining experience in South Africa and two decades in Papua New Guinea (PNG), is not only a mega gold mining specialist with an emerging copper footprint, but on Thursday also flagged the cost-offsetting value of its silver and uranium production.While 96% of revenue is from gold , byproducts play a role in cost offsetting, with silver produced at Hidden Valley in PNG contributing 3% and uranium mined at Moab Khotsong in South Africa 1%.Silver production rose by 39% to a record 3.7-million ounces, generating revenue of R1.7-billion and uranium production increased by 13% to 590 000 lb, generating revenue of close to R900-million.Interestingly, Harmony mineral reserves of 130-million […]

Click here to view original web page at news.google.com

Vancouver, British Columbia–(Newsfile Corp. – September 5, 2024) – Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU) (" Standard Uranium " or the " Company ") is pleased to announce that drilling activities have been completed at the Company’s Sun Dog Uranium Project (" Sun Dog ", or the " Project ") located near Uranium City in northwestern Saskatchewan (Figure 1). The program was designed to test the newly identified Wishbone target area for high-grade basement hosted uranium deposits, typical of the Athabasca Basin.

The Project is currently under a three-year earn-in option agreement (the " Option ") with Aero Energy Ltd. (TSXV: AERO) (" Aero ") that was executed on October 20, 2023. The program was funded by Aero and operated by Standard Uranium. Sun Dog covers an area of 48,443 acres (19,604 Ha) across nine mining claims and is located 15 km Southeast of Uranium City on […]

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

Standard Uranium (TSXV: STND) (OTCQB: STTDF) has completed its summer drill program at the Sun Dog Uranium Project in northwestern Saskatchewan. The program, funded by Aero Energy and operated by Standard Uranium, focused on the newly identified Wishbone target area . Key highlights include:

– 1,593 meters drilled across eight holes
– Anomalous radioactivity (>300 cps) in seven of eight holes
– Strongly graphitic fault rocks with clay-sericite alteration and hydrothermal hematite
– Confirmation of the company’s prospectivity model
– Assays pending and follow-up drilling plannedThe results provide proof of concept for the exploration model, with elevated radioactivity and increased hydrothermal alteration associated with stacked graphitic structural zones, indicating favorable corridors for uranium deposition.Positive Anomalous radioactivity (>300 cps) intersected in 7 out of 8 drill holes Confirmation of the company’s prospectivity model for basement-hosted uranium deposits Identification of favorable geological settings for high-grade uranium mineralization Significant hydrothermal alteration and graphitic […]

Click here to view original web page at www.stocktitan.net

Old uranium mine in Kakadu National Park in Australia’s Northern Territory. With its considerable uranium resource that remains largely untapped, there’s potential room for change in Australian regulations with regard to uranium.

When it comes to uranium , which is a vital element for nuclear power generation and to produce isotopes for medicine and beyond, Australia is at a crossroads.

Australia has the world’s largest uranium reserves and is currently the fourth largest producer in the world . While highly restrictive regulations across the country limit uranium mining, the need for mining diversification may drive change.

As the country struggles during a critical minerals mining industry downturn — mining makes up more than 10 percent of its GDP — investors may find Australia ready to open up more uranium mining opportunities.The market for uranium is considerable: the World Nuclear Association forecasts that demand will climb by 28 per cent by […]

Click here to view original web page at investingnews.com

Vancouver, British Columbia–(Newsfile Corp. – September 4, 2024) – Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (" Cosa " or the " Company ") is pleased to announce that diamond drilling has commenced at the Company’s 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (" Ursa " or the " Property ").

Highlights Drilling at the Kodiak target area will follow-up a significant zone of sandstone alteration and structure with geochemical enrichment intersected by 2024 drill hole UR24-03

Drilling at the Grizzly target area will evaluate the down-dip extension of strongly anomalous uranium geochemistry with structure and alteration intersected in multiple historical drill holes

Optimal targets remain untested at both Kodiak and Grizzly Keith Bodnarchuk, President and CEO, commented: "With drilling now underway, we are very excited by the strength of this program’s targets. Over the past 12 months the team has […]

Click here to view original web page at www.stocktitan.net

Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length Article content

VANCOUVER, British Columbia, Sept. 03, 2024 (GLOBE NEWSWIRE) — Saga Metals Corp. (the “Company” or “Saga”) , a North American exploration company focused on critical mineral discovery in Canada, is pleased to provide an update on the 2024 field exploration program at the Double Mer Uranium project as well as the initial public offering (IPO). Figure 1: Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length

Article content

The Double Mer Uranium Project is a core focus of the Company, containing 1,024 claims spanning 25,600 hectares located in the eastern central region of Labrador, Canada approximately 90 km northeast of Happy Valley-Goose Bay. With considerable capital deployed in historical work on the Double Mer property, the Company has a leg up entering this 2024 field season. Having evaluated reports […]

Click here to view original web page at financialpost.com

Vancouver, British Columbia–(Newsfile Corp. – September 4, 2024) – Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) (“ Cosa ” or the “ Company “) is pleased to announce that diamond drilling has commenced at the Company’s 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan (“ Ursa ” or the “ Property “).

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE . Takes 2 mins.

Highlights Drilling at the Kodiak target area will follow-up a significant zone of sandstone alteration and structure with geochemical enrichment intersected by 2024 drill hole UR24-03

Drilling at the Grizzly target area will evaluate the down-dip extension of strongly anomalous uranium geochemistry with structure and alteration intersected in multiple historical drill holes Optimal targets remain untested at both Kodiak and Grizzly Keith Bodnarchuk, President and CEO, commented: “With drilling now […]

Click here to view original web page at invezz.com

Skyharbour Resources Ltd logo Vancouver, BC, Sept. 03, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced a 2,500 metre summer drill program at its 100% owned, 35,705 hectare high-grade Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. The drill program has been designed to expand and further characterize the high-grade Main Maverick and Maverick East Zones, utilizing the existing Moore Lake camp, with Skyharbour’s McGowan Lake camp at the Russell Lake Project serving as a secondary base of operations. The Company is fully funded and permitted for this drill program, as well as for future drilling, including 4,000 – 5,000 metres to be […]

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

ATHA Energy Corp. HIGHLIGHTS: The Angilak Project is host to the Lac 50 Uranium Deposit (the “ Lac 50 Trend ”), one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U 3 O 8 . 1 Drilling conducted by Latitude Uranium at the Angilak Project in 2023 intersected grades of up to 7.54 % U 3 O 8 over 1.6 m.

The 2024 Angilak Exploration Program has concluded after twenty-five diamond drill holes were completed between early June and late August for a total of ~10,051 m. The program was highly successful and on budget .

All objectives were successfully achieved with the expansion of the historic footprint of mineralization along the Lac 50 Trend and the identification of new parallel mineralized trends called the Lac 48, Lac 52, and […]

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

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced a 2,500 metre summer drill program at its 100% owned, 35,705 hectare high-grade Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. The drill program has been designed to expand and further characterize the high-grade Main Maverick and Maverick East Zones, utilizing the existing Moore Lake camp, with Skyharbour’s McGowan Lake camp at the Russell Lake Project serving as a secondary base of operations. The Company is fully funded and permitted for this drill program, as well as for future drilling, including 4,000 – 5,000 metres to be drilled later in the fall of 2024 at the adjacent Russell Lake […]

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

Vancouver, BC, Sept. 03, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX – V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that the Company has commenced a 2,500 metre summer drill program at its 100% owned, 35,705 hectare high-grade Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. The drill program has been designed to expand and further characterize the high-grade Main Maverick and Maverick East Zones, utilizing the existing Moore Lake camp, with Skyharbour’s McGowan Lake camp at the Russell Lake Project serving as a secondary base of operations. The Company is fully funded and permitted for this drill program, as well as for future drilling, including 4,000 – 5,000 metres to be drilled later […]

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

VANCOUVER, British Columbia, Sept. 03, 2024 (GLOBE NEWSWIRE) — Saga Metals Corp. (the “Company” or “Saga”) , a North American exploration company focused on critical mineral discovery in Canada, is pleased to provide an update on the 2024 field exploration program at the Double Mer Uranium project as well as the initial public offering (IPO). Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length Figure 1: Radiometric survey highlighting uranium trend, supported by historical rock samples confirming a 14+km length

The Double Mer Uranium Project is a core focus of the Company, containing 1,024 claims spanning 25,600 hectares located in the eastern central region of Labrador, Canada approximately 90 km northeast of Happy Valley-Goose Bay. With considerable capital deployed in historical work on the Double Mer property, the Company has a leg up entering this 2024 field season. Having evaluated reports identifying a 14 […]

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

This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

Brokers and industry consultant TradeTech question the growing disconnect between the U308 spot price and uranium market demand/supply dynamics.

-Activity pops in the last week of August
-U308 spot price remains under pressure
-Aussie producers simply too cheap? Buyers surface as U308 price falls It has not escaped the attention of Petra Capital that Kazatomprom’s updated 2025 production guidance (Aug 23) of 65-69mlbs of U308, a reduction of -8-13mlbs from guidance at the start of 2024, has not had the expected impact on share prices of ASX-listed uranium companies.Industry consultant TradeTech makes a similar observation in its August monthly update regarding the world’s largest uranium producer’s revised 2024 and 2025 production and the (absent) resulting reaction in spot uranium prices.Kazatomprom revised up its 2024 production estimates at the start of August as part […]

Click here to view original web page at fnarena.com

Processed uranium ore, known as yellowcake, packed in special, tightly sealed steel drums. / IAEA image bank, cc-by-2.0 With nuclear a key part of the energy transition to zero emissions, the world uranium market continues to assess the implications of guidance from Kazatomprom, the world’s leading producer of the heavy metal, in which the company lowered its production forecast for 2025 to 25,000-26,500 tonnes, down from the previously anticipated 30,500-31,500 tonnes.

The Kazakh company partly attributed the adjustment to ongoing delays in construction at new deposits and difficulties in securing sulfuric acid, which is essential for uranium extraction. The adjustment followed an earlier increase in this year’s production target to 22,500-23,500 tonnes.

Kazatomprom previously indicated that if restricted access to sulfuric acid continued into 2024 and the company proved unable to address the construction backlog at new sites, there could be negative impacts on its production plans for 2025.

Uranium mining in […]

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

Article content

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

VANCOUVER, British Columbia, Aug. 30, 2024 (GLOBE NEWSWIRE) — Global Uranium Corp. (CSE: GURN | OTC PINK: GURFF | FRA: Q3J) (the “ Company “) announces an update to the non-brokered private placement which it first announced on July 24, 2024.

The updated private placement will now be for proceeds up to C$2,250,000 (the “ Revised Offering ”) and expects that the Revised Offering will close on or about October 14, 2024.Article contentThe Revised Offering is expected to consist of the offering of: (i) units of the Company at a price of $0.35 per unit (the “ $0.35 Unit ”) for aggregate gross proceeds of up to C$1,500,000, with each $0.35 Unit comprised of one non-flow-through common share of the Company (each, a “ Share ”) and one Share purchase warrant of the […]

Click here to view original web page at financialpost.com

E-mail Address

StreetInsider.com Top Tickers, 8/30/2024

1. ULTA
2. ESTC
3. LULU 4. ADSK 5. MDB 6. DELL 7. MRVL 8. BBY 9. DG 10. SPY Top News Most Read Special Reports Wall Street poised for higher open after July inflation data Intel considers splitting off foundry business, scrapping factory plans- Bloomberg World stocks end turbulent month higher as U.S. inflation data looms Dell raises forecasts as demand surges for Nvidia powered AI servers European shares hit record high as real estate stocks surge Filed Pursuant To General Instruction II.L of Form F-10 Registration No. 333-272534 PROSPECTUS SUPPLEMENT To the Short Form Base Shelf Prospectus Dated July 20, 2023 NEW ISSUE AUGUST 29, 2024 URANIUM ROYALTY CORP. Up to US$39,000,000 Common Shares This prospectus supplement (the “ prospectus supplement ”) of Uranium […]

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

Processed uranium ore, known as yellowcake, packed in special, tightly sealed steel drums. / IAEA image bank, cc-by-2.0 With nuclear a key part of the energy transition to zero emissions, the world uranium market continues to assess the implications of guidance from Kazatomprom, the world’s leading producer of the heavy metal, in which the company lowered its production forecast for 2025 to 25,000-26,500 tonnes, down from the previously anticipated 30,500-31,500 tonnes.

The Kazakh company partly attributed the adjustment to ongoing delays in construction at new deposits and difficulties in securing sulfuric acid, which is essential for uranium extraction. The adjustment followed an earlier increase in this year’s production target to 22,500-23,500 tonnes.

Kazatomprom previously indicated that if restricted access to sulfuric acid continued into 2024 and the company proved unable to address the construction backlog at new sites, there could be negative impacts on its production plans for 2025.

Uranium mining in […]

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

Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) has announced the mobilization of drill crews to its 100% owned Ursa uranium Project in the Athabasca Basin, Saskatchewan. The company plans up to 4,000 metres of drilling in its second diamond drilling campaign at Ursa. Key points include:

– Targeting follow-up on sandstone-hosted alteration and structure with associated anomalous uranium geochemistry
– Anticipated receipt of preliminary geophysical models across multiple projects
– Drilling expected to commence shortly and continue into October
– Results of Ambient Noise Tomography (ANT) surveys at Ursa and Orion projects expected in early September
– Geophysical interpretations from airborne VTEM and gravity surveys at Aurora and Orbit expected in coming weeksThe company aims to update stakeholders with detailed plans in the coming days and remains committed to discovering the next tier-1 uranium deposit in the Athabasca Basin.Positive Initiation of second drilling campaign at 100% owned Ursa uranium Project […]

Click here to view original web page at www.stocktitan.net

20-Year Pro Trader Reveals His “MoneyLine” — Simple Trades

A simple line tells you when to buy and when to sell that’s helped Nic win 83% of his trades. Click here for access.

The week started with political proposals that will lead to production cuts and a reduced food supply. In the middle of the week, DKI released its new health care stock idea. Subscribers are already up around 20% in the name. The week ended with uranium production cuts and Fed Chairman, Powell, indicating the expected September rate cut is on the way. In other news, the jobs “data” was revised down by over 800k jobs. Unsurprisingly, government employment was revised upwards. It was “just” the private market jobs that were cut. Finally, we got some strange analysis on Target earnings where revenue guidance was reduced, and somehow, prices were “cut” despite a higher gross margin. Revenue […]

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

Kazatomprom, the world’s largest uranium producer, has significantly lowered its production target for 2025 due to project delays and shortages of sulphuric acid, raising concerns about a potential supply crunch for the crucial fuel used in nuclear power.

The Kazakh company, responsible for about 20% of the global uranium supply, has cut its production forecast for next year by 17%, setting a new range of 25,000 to 26,500 tonnes of yellowcake.

This reduction is expected to drive up uranium prices, which, while having eased from a 16-year high of over $100 per pound earlier this year, still remain elevated at over $80 per pound, according to pricing data provider UxC.

Meirzhan Yussupov, CEO of Kazatomprom, explained that “the uncertainty around sulphuric acid supplies for 2025 and delays in construction at newly developed deposits have necessitated a reassessment of our 2025 plans.”Nuclear power has experienced a resurgence following the global energy crisis triggered […]

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

On behalf of Generation Uranium Inc.

Uranium prices have experienced a significant surge, climbing from below US$60/lb to over US$107/lb in the past 18 months. While prices have recently dipped, Citi remains "tactically bullish," predicting a rebound . Citi projects uranium could reach US$98/lb later this year and average US$94/lb, with a peak target of US$98/lb. Looking ahead to 2025, prices are expected to average US$110/lb, a potential 36% increase from current levels. Citi’s positive outlook is driven by anticipated growth in nuclear energy demand, which is expected to drive future price increases. With production growth expected to slow significantly later in the decade, Citi predicts a supply deficit that could further boost prices, offering a favorable outlook for uranium producers. In light of this optimistic outlook, key players in the uranium sector, including Generation Uranium Inc. (TSXV:GEN) (OTCQB:GENRF), Uranium Energy Corp. (NYSE-A:UEC), NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE), Denison […]

Click here to view original web page at www.baystreet.ca

Vancouver, Canada, Aug. 27, 2024 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V:WKG) (the “Company” or “WestKam”) is pleased to announce that it has finalized and executed the Purchase Agreement with Ameranium Resources Corp. (“Ameranium”) for the purchase of a 100% legal and beneficial interest in 131 lode claims in Grand County, Utah, covering 2,649 acres (1,072 ha), called the Powerline One Project (the “Powerline”).

The Powerline lies within sedimentary rocks of the Colorado Plateau, the most prolific uranium mining region in the United States which has produced over 328 million pounds U3O8 (at 0.2 to 0.4 per cent U3O8) since the 1950’s. Peter Laipnieks, President of Westkam stated “ This project checks a lot of boxes: Utah is a mining-friendly state ; field work can be carried out year-round and is relatively inexpensive; the required environmental and archaeological surveys have been completed; drilling permits have been issued; uranium prices have […]

Click here to view original web page at news.google.com

Vancouver, Canada, Aug. 27, 2024 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V:WKG) (the “Company” or “WestKam”) is pleased to announce that it has finalized and executed the Purchase Agreement with Ameranium Resources Corp. (“Ameranium”) for the purchase of a 100% legal and beneficial interest in 131 lode claims in Grand County, Utah, covering 2,649 acres (1,072 ha), called the Powerline One Project (the “Powerline”).

The Powerline lies within sedimentary rocks of the Colorado Plateau, the most prolific uranium mining region in the United States which has produced over 328 million pounds U3O8 (at 0.2 to 0.4 per cent U3O8) since the 1950’s. Peter Laipnieks, President of Westkam stated “ This project checks a lot of boxes: Utah is a mining-friendly state ; field work can be carried out year-round and is relatively inexpensive; the required environmental and archaeological surveys have been completed; drilling permits have been issued; uranium prices have […]

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

TORONTO, Aug. 27, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce positive preliminary drill results and provide an update on the ongoing exploration drill program at the Cyclone Rim Target, part of its 100%-owned Cyclone ISR Uranium Project (“ Cyclone ” or the “ Project ”) in the Great Divide Basin, Wyoming, in close proximity to existing producing wellfields and processing facilities (Figure 1). Initial results include multiple drill holes that intersected mineralized intervals that are consistent with grades and thicknesses included in the 2023 NI 43-101 Technical Report (“ Technical Report ”) which outlined a resource exploration target of 7.9 million pounds to 12.6 million pounds of eU 3 O 8 with an average grade of 0.06% eU 3 O 8 1 .

Are you looking for signals & alerts from pro-traders? Sign-up […]

Click here to view original web page at invezz.com