Category: Uranium

is pleased to provide the following updates on the option agreement (the “ Option Agreement ”) with Mega Uranium Ltd. (“ Mega ”) (TSX: MGA) that was previously announced on May 14, 2020 and subsequently closed on June 18 2020, providing CUR with the option to acquire a 100% undivided interest in the Ben Lomond and Georgetown uranium projects in Australia.

CUR has provided notice to Mega of its exercise of the option to acquire the Ben Lomond Project, for consideration of $3,035,000, comprised of $2,500,000 for the exercise of the option and an additional $535,000 Mega is entitled to receive under the spot price contingent payment terms of the agreement. The entire amount will be satisfied by the issuance of 1,340,548 Common Shares, at a deemed price of $2.264 per share based on the 5-Day VWAP of the Common Shares up to June 10, 2022, being the second business […]

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Canada’s Athabasca Basin is home to the world’s highest grade uranium deposits. If you want to see two sides to the uranium coin – just take a look at Canada and Australia.

North of the 49th parallel in North America, there is a hive of mining and exploration activity.

And the centre of that activity is the 100,000 square kilometre Athabasca Basin, which spans the northern parts of Saskatchewan and Alberta.

By contrast, down in the southern hemisphere, which has a vast uranium endowment, politicians — with the honourable exception of South Australia — have tried to outdo each other in erecting barriers to hinder uranium companies.Western Australia is seeing a repeat of the ridiculous federal “three mines” policy of the 1980s: it will allow four advanced projects to go ahead, but no more.And New South Wales allows exploration for uranium — but you can’t mine it if a discovery is made.These […]

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Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

TORONTO, June 14, 2022 (GLOBE NEWSWIRE) — Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX:GLO, OTCQX:GLATF, Frankfurt:G12) today announced that Stephen G. Roman, President & CEO will present live at VirtualInvestorConferences.com on June 16, 2022.

DATE: June 16, 2022
TIME: 9:30 a.m. EDT
LINK: https://bit.ly/3MB962u Available for 1×1 meetings: June 17, 2022This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.Learn more about the event at www.virtualinvestorconferences.com . Global Atomic Corporation Many countries are […]

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Panic selling gripped investors, but the uranium market is looking red hot right now.

What happened

Uranium stocks plunged today as the broader markets slid on fears of soaring inflation and a looming recession, what with a majority of leading economists even predicting the U.S. will slip into a recession in 2023, according to The Financial Times.

Ironically, the business environment couldn’t be more conducive for uranium stocks. One of the miners, in fact, even announced a big acquisition this morning; and President Joe Biden’s latest plan could mean big days ahead for local uranium miners. Yet as panic selling gripped the markets, here’s how some of the popular uranium stocks were faring as of noon Monday (all had dropped even lower earlier in the day): So what Prices of nearly all types of commodities — including precious metals, agricultural products, and energy — fell on Monday. Uranium prices, […]

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What happened

Uranium stocks plunged today as the broader markets slid on fears of soaring inflation and a looming recession, what with a majority of leading economists even predicting the U.S. will slip into a recession in 2023, according to The Financial Times.

Ironically, the business environment couldn’t be more conducive for uranium stocks. One of the miners, in fact, even announced a big acquisition this morning; and President Joe Biden’s latest plan could mean big days ahead for local uranium miners. Yet as panic selling gripped the markets, here’s how some of the popular uranium stocks were faring as of noon Monday (all had dropped even lower earlier in the day): Uranium Energy (NYSEMKT: UEC): down 12.6%

Denison Mines (NYSEMKT: DNN): down 7.9% NexGen Energy (NYSE: NXE): down 8.3% Energy Fuels (NYSEMKT: UUUU): down 9.3% Cameco (NYSE: CCJ): down 8.3% So what Prices of nearly all types of commodities […]

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Skyharbour Resources Ltd Vancouver, BC, June 13, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has commenced an airborne gravity geophysical survey (the “Survey”) at its 44,470 hectare South Falcon Point Uranium Property (the “Property”) located just outside the Athabasca Basin 48 kilometres east of the Key Lake Mill. The 100% owned South Falcon Point Property is host to a near-surface NI 43-101 inferred resource totalling 7.0 million pounds of U 3 O 8 at 0.03% and 5.3 million pounds of ThO 2 at 0.023%.

S outh Falcon Point Project Location Map:
https://www.skyharbourltd.com/_resources/maps/Sky_FalconSouth20211209.jpg

The Survey consists of a Falcon® Plus airborne gravity gradiometer and magnetics survey by Xcalibur Multiphysics of Mississauga, ON. Falcon® is the world’s only purpose-built AGG, and was designed to isolate aircraft motion noise. It is recognized […]

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Uranium Energy Corp. (UEC) is priced at $3.48 after the most recent trading session. At the very opening of the session, the stock price was $3.96 and reached a high price of $4.03, prior to closing the session it reached the value of $4.02. The stock touched a low price of $3.82.Recently in News on June 13, 2022, Uranium Energy Corp Announces Acquisition of UEX Corporation to Create the Largest Diversified North American Focused Uranium Company. Acquisition Rationale and Highlights:. You can read further details here

Uranium Energy Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.60 on 04/13/22, with the lowest value was $2.34 for the same time period, recorded on 01/28/22.

3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big […]

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What happened

Uranium Energy (NYSEMKT: UEC) stock plunged today and was trading down 11.4% as of 12:25 p.m. ET.

The uranium miner made a huge acquisition announcement today, but the stock couldn’t escape the panic-selling that gripped the broader markets today as fears of rising inflation and a recession loomed large. So what

Monday morning, Uranium Energy announced plans to acquire Canada-based uranium miner UEX in an all-stock deal worth about 234 million Canadian dollars.Each UEX shareholder will receive 0.0831 shares of Uranium Energy. The exchange ratio implies an almost 50% premium to UEX’s June 10 closing price on the Toronto Stock Exchange.Combined, the two companies will have the largest uranium asset base focused exclusively on North America. UEX owns stakes in several uranium deposits in Canada, especially in the Athabasca basin, a region known to have world’s largest source of high-grade uranium. Now what Uranium Energy hasn’t generated any […]

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Drilling is expected to kick off at the Allamber uranium project in the coming months. Pic: parema / E+ via Getty Images. share

Freshly listed Kingsland Minerals reckons the timing couldn’t be better for its suite of uranium projects in the Northern Territory.

The company has four projects across the NT, including the Allamber uranium and copper project, the Shoobridge uranium and gold project, the Woolgni gold project and the Mt Davis copper and gold project – as well as the Lake Johnston nickel and cobalt project in WA.

And Kingsland Minerals (ASX:KNG) MD Richard Maddocks says its prime time to be in uranium, with the importance of a secure energy supply front of mind in Europe and America – not to mention the uranium spot price recently hit an 11-year high of US$60/pound which is magic number often touted by uranium players that would push them to get into […]

Click here to view original web page at stockhead.com.au

Skyharbour Resources Ltd Vancouver, BC, June 13, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has commenced an airborne gravity geophysical survey (the “Survey”) at its 44,470 hectare South Falcon Point Uranium Property (the “Property”) located just outside the Athabasca Basin 48 kilometres east of the Key Lake Mill. The 100% owned South Falcon Point Property is host to a near-surface NI 43-101 inferred resource totalling 7.0 million pounds of U 3 O 8 at 0.03% and 5.3 million pounds of ThO 2 at 0.023%.

S outh Falcon Point Project Location Map:
https://www.skyharbourltd.com/_resources/maps/Sky_FalconSouth20211209.jpg

The Survey consists of a Falcon® Plus airborne gravity gradiometer and magnetics survey by Xcalibur Multiphysics of Mississauga, ON. Falcon® is the world’s only purpose-built AGG, and was designed to isolate aircraft motion noise. It is recognized […]

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

Acquisition Rationale and Highlights: Accretive transaction, doubling of UEC’s uranium resources in world-class, politically stable, uranium mining jurisdictions at only a 13.7% dilution to UEC’s outstanding shares (1)

Pro forma UEC will have the largest uranium portfolio focused exclusively in the Americas, located in proven and stable jurisdictions, and combining diversified U.S. production and Canadian development assets

Recent global events have set in motion long-term structural changes in the supply chains of energy commodities where security of supply and reduction of geopolitical and transportation risk will be key strategic differentiators

On the demand side, there is a growing trend by Western utilities to secure supplies from uranium projects in politically stable jurisdictions UEX portfolio is comprised of 29 uranium projects covering key areas of the producing eastern side and development western side of prolific Athabasca basin 5 of the 29 projects are advanced resource […]

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The eight minerals proposed to be placed in Part D include rare earths group containing uranium and thorium. Pictured is a uranium-ore mining site in AP THOOTHUKUDI: The Union Ministry of Mines has proposed to amend the Mines and Minerals (Development and Regulations) Act, 1957, (MMDR Act) to reform the sector and empower the Centre to auction mineral concessions. The power to issue licences for mining beach minerals now exclusively lies with the States. The ministry has invited public comments and suggestions on the proposed amendments on or before June 15.

Miners say if the proposals take effect private players may be able to mine beach sand minerals again after it was banned in 2019 through an amendment to the MMDR Act.The key amendments proposed include delisting of eight minerals from Part B atomic minerals list of the first schedule and bringing them under the newly created Part D section […]

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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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Uranium Royalty Corp. (UROY) is priced at $3.05 after the most recent trading session. At the very opening of the session, the stock price was $3.29 and reached a high price of $3.29, prior to closing the session it reached the value of $3.30. The stock touched a low price of $3.05.Recently in News on May 17, 2022, Uranium Royalty Corp. Grants Incentive Stock Options. Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (“URC” or the “Company”) announced today the grant of incentive stock options, on May 13, 2022, to purchase 343,750 common shares of the Company (the “Options”) to certain directors, officers, employees and consultants of the Company pursuant to the Company’s long term incentive plan, which included 270,000 Options issued to directors and officers of the Company. The Options have an exercise price of $3.31 per share, representing the market price for the common shares on May 12, […]

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Welcome to Charts and Caffeine – Livewire’s pre-market open news and analysis wrap. We’ll get you across the overnight session plus share the best of our insights to get you better set for the investing day ahead.

A reminder that the ASX is closed for the Queen’s Birthday holiday on Monday so the next CnC will be on Tuesday. MARKETS WRAP

S&P 500 – 4,032 (-2.04%)

NASDAQ – 12,313 (-2.4%) CBOE VIX – 26.23 (+6.2%) Few stock moves to talk about overnight apart from Tesla (NAS:TSLA) which saw some buying following UBS’ change in recommendation (neutral to buy). FTSE 100 – 7,476 (-1.54%) DAX – 14,199 (-1.71%) STOXX600 – 434.38 (-1.36%) European stocks sank on the ECB’s announcement and the press conference that followed from President Christine Lagarde. Yields in contrast soared with the Italian benchmark at one point up nearly 20 […]

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Uranium recovery company Energy Fuels (UUUU) recently signed agreements to acquire a monazite project in Brazil—a business success that boosted the stock. However, with the company’s bottom line in the red, is the stock a buy now? Read on to learn our view. shutterstock.com – StockNews Energy Fuels Inc. ( UUUU ) in Lakewood, Colo., extracts, recovers, explores, and sells conventional and in situ uranium recovery in the United States. The company’s operations include the Nichols Ranch project, the Jane Dough property, and the Hank project in Wyoming; the Alta Mesa Project in Texas; and the White Mesa Mill in Utah. UUUU also holds interests in uranium and uranium/vanadium properties and projects in various stages of exploration, permitting, and evaluation located in Utah, Wyoming, Arizona, New Mexico, and Colorado.

Last month, the company announced that it had entered agreements for the acquisition of 17 mineral concessions between the towns of […]

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Uranium stock Lotus Resources [ ASX:LOT ] announced the inaugural mineral resource estimate for its Livingstonia uranium deposit of 6.9Mt at 320 ppm U3O8.

The Livingstonia deposit boosts Lotus’s total mineral resource estimate to 49.4Mt.

Despite the news, LOT shares were flat in late afternoon trade, treading water at 28 cents a share.

However, uranium stocks are back on investors’ radar after global energy pressures force countries to reassess their nuclear power stances.While Lotus shares are down 10% year to date, the uranium stock is nonetheless up 33% over the past 12 months.Other ASX uranium stocks like Paladin Energy [ ASX:PDN ] and South Australian Boss Resources [ ASX:BOE ] are up 45% and 66% respectively in the past 12 months. Source: Tradingview.com Lotus announces uranium resource increase Lotus announced that its inaugural mineral resource estimate (MRE) for the Livingstonia uranium deposit of 6.9Mt at 320 ppm U3O8 has increased LOT’s […]

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

VANCOUVER, BC, June 8, 2022 /CNW/ – Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") announces that it has filed an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for the purpose of reporting the acquisition of common shares (the " Anfield Shares ") and common share purchase warrants (" Anfield Warrants ") in the capital of Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF); (FRANKFURT: 0AD) (" Anfield ").

On June 7, 2022, UEC closed a series of transactions with Anfield pursuant to which Anfield settled approximately CAD$23.11 million (US$18.34 million) of indebtedness (the " Anfield Indebtedness ") owing to UEC (the " Debt Settlement "). The Anfield Indebtedness was settled through the payment of approximately CAD$11.55 million (US$9.17 million) in cash plus the issuance to UEC of 96,272,918 units of Anfield (each, an " […]

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