Category: Uranium

Mr. Olson is a seasoned business professional and currently serves as an Associate Director with Altus Group, specializing in property tax consulting, real estate appraisal and tax appeal advocacy. Prior to joining Altus Group at the beginning of 2022, he spent 11 years in a variety of roles at BC Assessment, specializing in the appraisal and appeal defense of large industrial, commercial and investment properties. Mr. Olson currently sits on the Board of Governors for the Real Estate Institute of BC, where he serves as Secretary Treasurer. He received his BBA from Thompson Rivers University, and later received his Post Graduate Certificate in Property Valuation from University of British Columbia.

Basin Uranium also announces the resignation of Kevin Ma from the board of directors. The Company wishes to thank Mr. Ma for his service and for his continued support. The Company wishes him all the best in his future endeavours.

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Good progress achieved on Mutanga’s infill drilling program with positive results so far

Madaouela Feasibility to be completed in Q3 to allow additional optimization and trade-offs

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2022) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) is pleased to announce an update on its drilling program at Mutanga, a 100% owned and mine permitted uranium project in Zambia, as well as an update on the Feasibility Study for Madaouela, its mine permitted uranium project in Niger.

Mutanga Drilling GoviEx has made good progress with its Mutanga infill drilling campaign, which commenced in May 2022. The campaign is focused on upgrading the inferred mineral resources associated with the Dibwe East deposit ( 1) to indicated mineral resources for inclusion into a planned feasibility study. The down-hole percussion drilling conducted at the end of June 2022 is approximately 40% complete, with 6,220 m drilled out […]

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RHJ/iStock via Getty Images Published on the Value Lab 27/6/22

Global X Uranium ETF (NYSEARCA: URA ) is a good way to play a spot exposure on uranium and in turn to bet on nuclear energy. Nuclear energy has several advantages, including strategic ones, and the time may have finally come for nuclear to be given a more broad chance to make its low carbon contribution to our electricity system. With URA giving you decent spot exposure through Cameco Corporation ( CCJ ) as its main holding, and also benefiting from a lower expense ratio than with physical uranium trusts, we think it’s a decent investment at this point in time. Strategic Uranium

Electricite De France ( OTCPK:ECIFF ) is one of Europe’s most known producers of nuclear energy, with 70% of French energy coming from nuclear sources. Much like with our vaunted investment in Dassault Aviation ( OTCPK:DUAVF […]

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HIGHLIGHTS Anomalous radioactivity in four holes with up to 0.21% uranium and associated nickel in an area of intense alteration, bleaching and secondary hematite at the Gizmo target.

Boron (an indicator of proximal uranium bearing fluids) returned up to 2,200ppm

Nickel, copper and cobalt locally elevated (up to 365ppm, 114ppm and 318ppm respectively) within the alteration zone at Gizmo.

Ken Wheatley, Vice President, Exploration, commented, "We are quite pleased to see the combination of the extreme alteration and elevated geochemistry at the Gizmo gravity target. Drill hole WO-02 has the strongest uranium mineralization and the depth of the alteration is increasing to the south. The EM conductor also lies to the west and north of this fence, so further drilling will investigate these areas. This is a great start for our first drill program on this project that has rapidly become one of our premium projects." […]

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Liens/iStock via Getty Images Thesis

With the notable exception of crude oil and natural gas, the Federal Reserve’s tight monetary policy has caused the price of many commodities to fall over recent months. And spot uranium has been no exception, as it tumbled from the mid-$60 range in mid-April to the high-$40 range today. The impact that this has had on the Sprott Physical Uranium Trust’s ( OTCPK:SRUUF ) unit price has been even more exaggerated, as the trust, which often traded at a slight premium when uranium prices were climbing, has now plummeted in value and often trades at a 10%+ discount. Therefore, given that the sector weakness is not due to any uranium industry-specific factors, the Trust’s current low price provides a good opportunity for any investors wanting to initiate or add to a uranium position. SRUUF Market Price vs. Net Asset Value Since Inception (Sprott.com) Reduced […]

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“ Global Market Vision Reports gives the information regarding general business management that service solutions to the customers locally nationally and internationally. Global Nuclear Fuels market relies on firms that understands the requirements associated with servicing customers locally with global standard solutions and localizes that service as to maintain an optimal balance of cost, efficiency, customization and localization in a control-customization continuum to meet local, national and global requirements

The scope of this research report spans from the broad outlines of the Nuclear Fuels market to delicate structures, classifications, and applications. This research report also provides a clear picture of the global market by presenting data through effective information graphics. It also provides a detailed list of factors affecting the growth of the market.

Request for a sample report here @ https://globalmarketvision.com/sample_request/149195

Report Scope & Segmentation: Type: Mixed Oxide (MOX) Fuel, Uranium Fuel, Other Application: Nuclear Power Plants, […]

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PR Newswire

VANCOUVER, BC, May 20, 2022 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that it has made an application to the TSX Venture Exchange (" TSXV ") to extend the term of the outstanding warrants as follows: 4,203,182 unexercised warrants (4,528,182 original granted) that are set to expire on June 4 and July 11, 2022 to be extended to June 4 and July 11, 2024 respectively. These warrants were originally issued under a private placement completed by the Company in 2 Tranches in June and July 2019.

Of the 325,000 warrants that have been exercised, 100,000 have been exercised by one shareholder within the past 6 months. The Company notes that, at the request of the TSXV, it has received a Consent from this shareholder for this application to extend the expiry date of the remaining warrants.

The exercise […]

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Laramide Starts Drilling for More Uranium in Australia An Emerging Markets Sponsored Commentary
ORLANDO, Fla., June 09, 2022 (GLOBE NEWSWIRE) — Not so long ago we began coverage of Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) which holds diversified uranium assets strategically positioned in the United States and Australia that have been chosen for their low-cost production potential. If you’re new to the story, global events have changed the market for uranium , which has renewed interest in the United States’ uranium exploration and increased interest in Australia, already a top international producer. It goes without saying that when macroeconomic or geopolitical events occur and there is a perception that market value for a commodity is about to change for the better, that there can be reciprocal actions to get involved, to buy land or fields to mine or till for this real or perceived opportunity. […]

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Rare earth oxides are pictured in production at Lynas’ Advanced Materials Plant in Gebeng, Malaysia. Lynas is another company, along with Canadian-owned Appia Rare Earths & Uranium Corp. and USA Rare Earth LLC, targeted by an online network called Dragonbridge. A prominent U.S. cybersecurity firm is alleging that Chinese government-funded campaigns are spreading disinformation about Canadian rare earths miner Appia Rare Earths & Uranium Corp. in an attempt to cement China’s dominance in the sector and crush Canadian ambitions.

Virginia-based Mandiant Inc., which was founded by former U.S. government security experts, said in a report that Toronto-based Appia and two other rare earth companies, Lynas Rare Earths Ltd.

LYSDY +2.04%

and USA Rare Earth LLC, were targeted by an online network called Dragonbridge, a front for The People’s Republic of China (PRC).“Since rare earths mineral mining is of strategic significance to the PRC, and these entities are challenging the PRC’s […]

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Vancouver, British Columbia – TheNewswire – June 28th, 2022 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce that it has entered into a share exchange agreement (the “Agreement”) with Polaris Uranium Corp. (“Polaris”) and each of the shareholders of Polaris (the “Polaris Shareholders”), pursuant to which Cosa Resources will acquire all of the issued and outstanding shares of Polaris from the Polaris Shareholders (the “Acquisition”). Polaris holds a 46,700 ha land package comprised of four uranium exploration properties in the eastern Athabasca Basin in northern Saskatchewan (Figure 1).

Keith Bodnarchuk, President & CEO, commented: “Long term uranium market fundamentals have improved markedly over the past year and I’m very pleased that we’ve been able to add these properties to our exploration portfolio in northern Saskatchewan. Cosa Resources will use its strengths in uranium exploration and capital markets to position the Company as a […]

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CORPUS CHRISTI, Texas, June 28, 2022 /PRNewswire/ – enCore Energy Corp. (" enCore " or the " Company ") (TSXV: EU) (OTCQB: ENCUF ) announced today that it has secured a uranium purchase sales agreement ("Agreement") with a United States ("U.S.") based nuclear power company, following a recent site visit to enCore’s Texas operations. This agreement supports enCore’s business strategy of building ISR (in-situ recovery) production in the United States at its South Texas uranium processing facility. The uranium sales agreement, the third such agreement executed by enCore, is a multi-year agreement commencing in 2025. It covers up to 600,000 pounds of U 3 O 8 based on market pricing with a floor price that assures our costs of production are met in today’s economic environment. The Agreement includes an inflation adjusted ceiling price higher than the current uranium spot market pricing providing the U.S. nuclear power plant assurance […]

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Vancouver, BC, May 19, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) ( SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has entered into an Option Agreement with Rio Tinto Exploration Canada Inc. (“RTEC”), a wholly owned subsidiary of Rio Tinto Limited (“Rio Tinto”), to acquire up to 100% of the Russell Lake Uranium Project (the “Property” or “Project”), which comprises 26 claims covering 73,294 hectares of prospective exploration ground strategically situated between the Company’s Moore Uranium project (to the east) and Denison Mines’ Wheeler River project (to the west) in the eastern portion of the Athabasca Basin.

Russell Lake Project Location Map:
http://www.skyharbourltd.com/_resources/images/SKY-RussellLake-20220325-Inset.jpg

The Project is a premier, advanced-stage exploration property given its large size, proximity to critical regional infrastructure, and the significant amount of historical exploration carried out on the property, which has identified numerous prospective target areas and […]

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Comment of the Day

Video commentary for June 27th 2022

A link to today’s video commentary is posted in the Subscriber’s Area.

Some of the topic discussed include: China outperforming as Xi commits to hitting growth targets, Australia rebounds impressively following Wall Street on Friday, oil and gas extend gains, gold eases, copper pauses, bond yield firm. China Stocks Approach Bull Market as Investors Catch Up on Gains This article from Bloomberg may be of interest to subscribers. Here is a section: Adding to a growing number of market participants turning more positive on Chinese shares, abrdn plc’s regional chairman Hugh Young said they look to be the best home for fresh money in Asia amid a tough investment environment. “We are inclined to put more money into China again, depends on the portfolio,” Young said in an interview on Monday, adding that the firm underweights the country’s […]

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Vancouver, British Columbia – TheNewswire – June 28th, 2022 – Cosa Resources Corp. (CSE:COSA) (“Cosa Resources” or the “Company”) is pleased to announce that it has entered into a share exchange agreement (the “Agreement”) with Polaris Uranium Corp. (“Polaris”) and each of the shareholders of Polaris (the “Polaris Shareholders”), pursuant to which Cosa Resources will acquire all of the issued and outstanding shares of Polaris from the Polaris Shareholders (the “Acquisition”). Polaris holds a 46,700 ha land package comprised of four uranium exploration properties in the eastern Athabasca Basin in northern Saskatchewan (Figure 1).

Keith Bodnarchuk, President & CEO, commented: “Long term uranium market fundamentals have improved markedly over the past year and I’m very pleased that we’ve been able to add these properties to our exploration portfolio in northern Saskatchewan. Cosa Resources will use its strengths in uranium exploration and capital markets to position the Company as a […]

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Sellers abruptly backed off offers in the spot uranium market last week when Canada banned a shipment from Russia.

-Contracted uranium delivery stopped in St Petersburg
-Sellers immediately withdraw spot offers
-Legislative sanctions now a reality

The spot uranium market was quiet last week, industry consultant TradeTech notes, with only six transactions totalling 600,000lbs U3O8 equivalent reported. There was no utility involvement.Activity was stopped dead on Friday when news came through that following the Canadian government’s recent amendment to Special Economic Measures on Russia, a cargo of enriched uranium product scheduled for delivery to the US via a Canadian shipping company had been delayed at the port of St Petersburg.Given utilities buy uranium on term contracts they have been contractually bound to continue to take delivery of Russian uranium on deals signed before the invasion despite any reluctance to do so. But the amended Canadian regulation states there is […]

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ArefBarahuie/iStock via Getty Images There are a lot of reasons why you might want to invest in something related to nuclear power, with energy being such a core issue in today’s market. While there are ways to play nuclear, including buying Uranium commodities or uranium miners, we are not as excited about exchange-traded funds ("ETFs") like VanEck Vectors Uranium+Nuclear Energy ETF (NYSEARCA: NLR ), which hold mostly utility companies that happen to have some nuclear exposure. Politics is of key concern around the issue of nuclear, so there isn’t a good reason to not be selective and go with an ETF like NLR. We’d much rather invest in geographies where we know there is nuclear support for producing nuclear energy as a utility company. Moreover, there are better ways to play nuclear than with utilities. What’s in NLR?

NLR contains utility companies with nuclear energy producing assets and exposures, […]

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is pleased to announce that further to its press release of June 23, 2022 it has closed the acquisition (the " Transaction ") of 60% of the issued and outstanding shares of FirstAmerican Energy Fuels Ltd. (" TargetCo ") pursuant to the terms of a share exchange agreement dated effective June 23, 2022 among the Company, TargetCo and the shareholders of TargetCo (the " Definitive Agreement ") and indirectly acquired an option held by TargetCo for the acquisition of a 100% interest (subject to a 2% NSR) in and to certain mineral claims located in Catron County, New Mexico (the " Property ") pursuant to the terms of a mineral property option agreement between TargetCo and an arm’s length optionor (the " Option Agreement "). Pursuant to the Definitive Agreement, the Company assumed all of the obligations of TargetCo under the Option Agreement, including paying any cash and issuing […]

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Uranium stocks have been some of the top growth stocks over the last few years. However, it’s been a different case in 2022. Since January, uranium stocks across the board have been falling — including some of the biggest ones.

But that does offer investors a chance to get in on uranium stocks while they trade at ultra-low prices — prices so low, they could easily double in 2022 alone. And of all of them, NexGen Energy (TSX:NXE) (NYSE:NXE) looks like the best choice.

Part of the reason NexGen stock has become a strong play is due to the rise in uranium prices. Uranium looks to be the energy source of choice while the world transitions over to renewable energy. Nuclear reactors are already located around the world, with more being built all the time. This makes uranium stocks a prime play for future returns.

Furthermore, the ongoing crisis in Ukraine and […]

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Summary

Uranium Energy’s stock price has had a wild ride over the last year.

A major reason for the changes in uranium spot prices seems to be because of the Sprott Physical Uranium Trust’s uranium purchases.

Uranium Energy is buying UEX Corp. by issuing stock to UEX shareholders. Uranium Energy still has no operations and only has modest revenue from selling uranium from their purchased uranium inventory. Many French nuclear power plants remain closed because of stress corrosion in pipes. desertsolitaire/iStock via Getty Images Uranium Energy Corp. (NYSE: UEC ) is in the uranium industry, but it is not currently really a mining company. The stock price often trades with the uranium spot price, but the reality, however, is their actual business model is just constantly issuing additional shares in the market. Their biggest risk is a massive amount of uranium held by Sprott Physical Uranium Trust ( OTCPK:SRUUF […]

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