Category: Uranium

As Washington lawmakers seek to ban uranium imports from Russia, Ucore’s Ross-Adams mine at Bokan draws attention North of 60 Mining News – June 8, 2022 A plane lands on Kendrick Bay in front of Bokan Mountain, a Southeast Alaska property that hosts a historic uranium mine and modern deposit of rare earths and critical minerals. Ucore Rare Metals Inc.

With renewed interest in nuclear to generate zero-carbon electricity for the clean energy future, coupled with Russia’s ongoing war in Ukraine, the past-producing Ross-Adams uranium mine on Ucore Rare Metals Inc.’s Bokan Mountain project in Southeast Alaska has caught the attention of unnamed parties interested in this potential domestic source of nuclear fuel.

While Ucore says it is entertaining the unsolicited offers to investigate Bokan’s uranium potential, any efforts on this front could not interfere with the company’s primary objective – delivering the much needed rare earths into America’s supply chain […]

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In some cases, uranium production is impaired, especially in Kazakhstan. On the other hand, uranium supplies from new mines can be expected in the medium term. And this will also be needed, because uranium is an indispensable part of the necessary energy mix. And the energy needs of the world’s growing population are also increasing. To mitigate potential disruptions in uranium supply, Western utilities are looking to diversify away from geopolitically difficult countries and companies. The East (Russia, Kazakhstan, Uzbekistan) has accounted for about 60 percent of global uranium supply. In the West, therefore, there could be supply deficits and thus higher uranium prices. This in turn will have a positive effect on uranium shares.

As the war in Ukraine worsened, the price of uranium broke through the $60 per pound mark for the first time since 2011. While cheap […]

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US Nuclear Corp. (OTC-QB: UCLE) stands to benefit dramatically from today’s unprecedented challenges in energy production. Big investors and government entities are buying up uranium mines, uranium metal, and investing in the new SMR Small Nuclear Reactors, because they sense an upcoming nuclear power renaissance as the world tries to pivot away from climate changing carbon fuels, especially Russian oil, gas, and coal, while at the same time fearing skyrocketing fuel prices. The last solution remaining to fill this vital gap is nuclear power.

Global demand for oil and gas is challenging capacity and creating unprecedented need for nuclear energy. Wind and solar are major energy providers, but their energy density is far too low to fill the gap

In addition to being a powerful and reliable energy source, nuclear energy is carbon-free

Uranium price has been rising sharply for the past year which tends to […]

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It would be an understatement to say that we are bullish uranium here at Equity Guru. We love uranium. Barring the whole idea of commodities and hard assets doing well in an inflationary environment, there are real fundamentals to be bullish uranium.

The energy situation is dire in Europe. Germany is planning to fire up coal plants in order to compensate for a cut in Russian gas supplies by increasing the burning of coal . For a country that wants to go green, they sure are going backwards. I just wonder if an energy crisis in Europe just speeds up the adoption of nuclear energy being a CO2 free energy source that can handle baseload power.

In his article titled, “ Uranium is the future “, our very own Lukas Kane highlighted the importance of nuclear energy being pivotal in combating the climate crisis. He said eloquently: Attempting to beat global […]

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The Company intends to use the proceeds from the Private Placement to fund its continued exploration programs at its projects in the Athabasca Basin and for general working capital purposes.

The Common Shares issued by UEX under the Private Placement are subject to a four month plus one day “hold period” as prescribed by the Toronto Stock Exchange (the “TSX”) and applicable securities laws. The Private Placement is subject to final approval of the TSX.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This […]

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→ Soldiers Carry 20 Pounds of Lithium Batteries? (Ad) Uranium Energy Uranium Energy Corp. ( NYSEAMERICAN:UEC – Get Rating )’s stock price traded up 10.5% on Tuesday . The stock traded as high as $3.68 and last traded at $3.68. 249,834 shares were traded during trading, a decline of 99% from the average session volume of 17,083,380 shares. The stock had previously closed at $3.33.

Several equities analysts have weighed in on the stock. Citigroup downgraded shares of Uranium Energy from a “hold” rating to a “reduce” rating and set a $5.50 price target on the stock. in a report on Friday, April 22nd. They noted that the move was a valuation call. Canaccord Genuity Group raised shares of Uranium Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.50 to $6.00 in a report on Monday, June 13th. Canaccord Genuity […]

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TSXV: FOR | FWB: 5QN

Fortune Bay Corp.

MANAGEMENT’S DISCUSSION AND ANALYSIS

Year ended December 31, 2021Dated: April 21, 2022Management’s Discussion and AnalysisDecember 31, 2021Fortune Bay Corp.Year ended December 31, 2021MANAGEMENT’S DISCUSSION AND ANALYSISThis Management’s Discussion and Analysis ("MD&A") provides a review of the performance of Fortune Bay Corp. (the "Company" or "Fortune Bay" or "Spinco") and should be read in conjunction with the audited consolidated financial statements of Fortune Bay (the "Financial Statements") for the years ended December 31, 2021 and 2020, which have been prepared in accordance with International Financial Reporting Standards ("IFRS").The information presented in this MD&A is as of April 21, 2022. The reporting currency for the Company is the Canadian dollar. All of the financial information presented herein is expressed in Canadian dollars, unless otherwise stated. United States dollars are indicated by the symbol "US$".This MD&A contains "forward-looking statements" and "forward-looking information" within the meaning of applicable […]

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PR Newswire

CORPUS CHRISTI, Texas, June 1, 2022 /PRNewswire/ – enCore Energy Corp. (" enCore " or the " Company ") (TSXV: EU) (OTCQB: ENCUF) announced today that Ms. Susan Hoxie-Key has been appointed as the newest member of its Board of Directors, effective June 1, 2022. Ms. Hoxie-Key is a proven nuclear industry leader, with more than 40 years of engineering experience covering nuclear core design, nuclear fuel-related licensing, nuclear fuel procurement, oversight of nuclear fuel-related engineering products, and direct support of reactor operations. Ms. Hoxie-Key was a 2008 winner of the American Nuclear Society (ANS) Oestmann Achievement Award for technical achievement in the fields of nuclear science, engineering, research or education. She has also held numerous nuclear industry leadership roles across the years, including Chairman of the World Nuclear Fuel Market (WNFM) Board of Governors between June 2016 and June 2018, member of the Nuclear Energy Institute (NEI) […]

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This story features PALADIN ENERGY LIMITED. For more info SHARE ANALYSIS: PDN

The spot uranium price tumbled last week, along with everything else.

-Sharp drop in uranium spot price
-Now down year to date
-Utilities still urgent buyers No matter how exuberant analysts may be over the prospects for uranium demand in a world trying to rapidly transition from fossil fuels, the spot uranium market is now a financial instrument like any other. As such, its fortunes are tied to general market sentiment.And hence so are the share prices of listed uranium miners. They shouldn’t be, but they are.Yesterday on the Australian market, leading uranium aspirant Paladin Energy (( PDN )) fell close to -14%. Did anything change for Paladin over the course of the week? No.Indeed, industry consultant TradeTech’s index of listed global uranium miners dropped -13%. The reason is the spot uranium price fell -US$5.50 to US$45.50/lb […]

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Although he still likes gold, silver and copper, Lobo Tiggre of IndependentSpeculator.com said uranium is his "highest-confidence thesis for 2022."

Lobo Tiggre: Uranium is My Highest-Confidence Thesis for 2022

The uranium sector was abuzz earlier this month with the news that the Biden administration is looking for US$4.3 billion to support enrichment in the country. But what does that really mean for the industry?

Speaking to the Investing News Network at the Prospectors & Developers Association of Canada (PDAC) convention , Lobo Tiggre said the news is material, but emphasized that it’s still early days."The first point to keep in mind here is that just because somebody says, ‘Oh, this is a good idea, we should do it, here’s this proposal’ — that doesn’t mean it’s passed," said Tiggre, who is the editor and founder of IndependentSpeculator.com . "I don’t think there’s even legislation introduced yet, let alone what comes […]

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Vancouver, BC, May 31, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”) is pleased to announce it has completed its phase one 2022 drill program at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit. The phase one program consisted of five holes totalling 3,503 metres with the unconformity being intersected between 608 metres to 651 metres in all holes. This was the first significant drill program undertaken on the property since 2007.

The second phase of drilling is planned for the fall of this year and will consist of approximately 3,500 metres. Results from both the phase one drill program and upcoming geophysical surveys at Mann Lake will be used for targeting and […]

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FOR IMMEDIATE RELEASE

Toronto, Ontario and Nucla, Colorado, May 31, 2022 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) (“Western” or ”Company”) is pleased to announce that it satisfied the obligations of its Uranium Concentrates Supply Agreement. The agreement was signed in 2015 with a major U.S. utility which provided for five delivery years from 2018 to 2022. For Delivery Year 2022 the final delivery was made in April 2022 and payment was received in May 2022. Western sold 125,000 pounds of uranium yellowcake (U 3 O 8 ) at a price of $57.04 per pound generating gross revenues of $7.13 million. The U 3 O 8 sold was sourced from the uranium inventory that Western announced acquiring in its Strategic Acquisition of Physical Uranium news release in June 2021. This U 3 O 8 was acquired at a price of $32.16 per pound or a gross […]

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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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Last week’s top-gaining stocks on the TSX were UEX, TRX Gold, Mandalay Resources, Jaguar Mining and Aya Gold and Silver.

The S&P/TSX Composite Index (INDEXTSI: OSPTX ) was trading at 19,170.04 early last Friday (June 17) morning, but ultimately closed the period lower at 18,931.16.

Last week, the index fell to its lowest level in more than two years as concerns over a recession and interest rate hikes increased. Speaking with the Investing News Network at this year’s Prospectors and Developers Association of Canada convention , Brien Lundin , editor of Gold Newsletter, said a recession is likely.

“Right now you can buy solid companies with real resources , some with economics on them, some even in development,” he said when asked about potential opportunities in the market. “If the market just normalizes, those stocks will be trading at three to four times the levels they are today.”Looking over to […]

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Deloitte has found Deep Yellow’s offer is fair Finance > M-a

The all-scrip deal, announced in March, would see the issue of 0.294 Deep Yellow shares for every Vimy Share, which would see Vimy shareholders own 47% of the merged group.

Deloitte estimates a fair value for Vimy of A20-28c.

At the time the deal to create one of the world’s largest uranium resource owners had an implied value of 28.5c per Vimy share. It raised $17 million at 17c just before the marriage was agreed to.The markets have proven volatile since the merger was announced, with the spot uranium price peaking at US$64.50 per pound and falling about 26% to a current level around $48/lb, with the shares of both uranium juniors also declining.Its fair value for the expanded Deep Yellow is between A69-92c.Deloitte noted that Deep Yellow’s shares have been particularly impacted because of its dependency on a […]

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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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PR Newswire

VANCOUVER, BC, May 19, 2022 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE MKT: NXE) (ASX: NXG) is pleased to announce it has mailed the Notice of Meeting and Management Information Circular to shareholders of record as of May 9, 2022 in connection with the Annual General and Special Meeting to be held on Thursday, June 23, 2022, at 2:00 p.m. (Pacific Time).

Your vote is important – please vote today.

NexGen encourages shareholders to read the meeting materials, which have been filed on SEDAR ( www.sedar.com ) and ASX ( www.asx.com.au ) and are on our website at www.nexgenenergy.ca . Shareholders will be asked to vote on the following matters: > Set the number of directors at nine; Elect directors for the ensuing year; Re-appoint the auditors for the ensuing year; and Re-approve the current stock option plan Meeting Access and Location: […]

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Jumbo2010/iStock via Getty Images Investment Thesis

Yellow Cake ( OTCPK:YLLXF ) is an investment company with its primary listing in London, UK. The company is a passive investment vehicle that invests in uranium and is very similar to the Sprott Physical Uranium Trust ( OTCPK:SRUUF ).

The stock has so far this year done marginally better than the overall uranium industry even though Yellow Cake has been punished substantially over the last few months as well.

As the below chart illustrates, the price of uranium has actually increased in 2022. So, the recent negative performance in Yellow Cake is primarily due to an increased discount to the net asset value of the company, making it more of a compelling investment for value investors. Figure 1 – Source: TradingView Recent Uranium Developments We have seen the price of uranium decline from the 11-year high around $65/lb that was achieved in April of […]

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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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