Category: Uranium

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 […]

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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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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 […]

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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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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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The Australian sharemarket has recouped some of Tuesday’s decline as industrials and miners are leading a broad-based rally. The major banks are the exception, extending their fall after the Reserve Bank’s outsized interest rate hike yesterday.

At noon, the S&P/ASX 200 is 0.8 per cent or 57 points higher at 7,153. The SPI futures are pointing to a rise of 57 points.

Industrials are up 2.8 per cent, lifted by Atlas Arteria (ASX:ALX) surging over 16 per cent to $8.24 after IFM Global Infrastructure Fund obtained a 15 per cent stake in the toll road group. Utilities have added 2.7 per cent, materials and energy have both added 2.2 per cent, and information technology has advanced 1.8 per cent. Financials are down 1.5 per cent.

Morgan Stanley wrote that an aggressive rate hiking cycle by the RBA “increases tail risks” for banks. Westpac (ASX:WBC) is down 4.5 per cent to $22.35, National […]

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June 8, 2022 ( Source ) — Ucore Rare Metals Inc. (TSXV: UCU ) (OTCQX: UURAF ) (“Ucore” or the “Company”) is pleased to comment on the recent increasing interest in uranium as an energy source and also current interest in Ucore’s not-often-mentioned Ross-Adams mine property (the “Mine” ), a former producing uranium mine located on the Ross-Adams portion of Ucore’s Alaskan mineral property (the “ Property “). The Property is located on Prince of Wales Island, approximately 38 miles southwest of Ketchikan, Alaska, USA, near the west arm of Kendrick Bay (within the Bokan Mountain Complex). At its closest point, the edge of the former Mine is located more than 500 m from Ucore’s Bokan-Dotson Ridge Zone, which is Ucore’s rare earth elements (“ REEs “) advanced property mineral resource as described in the Company’s technical report (a preliminary economic assessment [i] (“ PEA “)) that was filed […]

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Pic: EduardoarToledo, iStock / Getty Images Plus share

US is reportingly seeking US$4.4bn to buy enriched uranium directly from domestic producers

On the ASX it is a sea of green for the uranium cohort, led by GTI, 92 Energy and Peninsula

American West Metals receives “best assays to date” — a 105m-long interval of high-grade zinc and copper Here are the top small cap resources movers in early trade, Wednesday June 8. ALL THE URANIUM STOCKS The US is reportedly seeking $US4.4bn to buy enriched uranium directly from domestic producers in efforts to wean itself from Russian supply.“Still, it won’t be easy for the US to jump-start the domestic uranium industry,” writes Bloomberg’s Ari Natter .“The country has only one remaining commercial enrichment facility — a New Mexico plant owned by Urenco Ltd, a British-German-Dutch consortium.”It didn’t stop the Global X Uranium ETF jumping as much […]

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Halifax, Nova Scotia–(Newsfile Corp. – June 8, 2022) – Ucore Rare Metals Inc. (TSXV: UCU ) (OTCQX: UURAF ) ("Ucore" or the "Company") is pleased to comment on the recent increasing interest in uranium as an energy source and also current interest in Ucore’s not-often-mentioned Ross-Adams mine property (the "Mine" ), a former producing uranium mine located on the Ross-Adams portion of Ucore’s Alaskan mineral property (the " Property "). The Property is located on Prince of Wales Island, approximately 38 miles southwest of Ketchikan, Alaska, USA, near the west arm of Kendrick Bay (within the Bokan Mountain Complex). At its closest point, the edge of the former Mine is located more than 500 m from Ucore’s Bokan-Dotson Ridge Zone, which is Ucore’s rare earth elements (" REEs ") advanced property mineral resource as described in the Company’s technical report (a preliminary economic assessment [i] (" PEA ")) that […]

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Australian Dollar, AUD/USD, Uranium, Bond Yields, Recession – Talking Points

Wednesday’s Asia-Pacific Outlook

The Australian Dollar paced higher against the US Dollar through the New York trading session overnight, benefiting from Tuesday’s Reserve Bank of Australia (RBA) rate decision. A rosy session on Wall Street helped support the risk-sensitive currency as the Dollar fell against most of its peers. The Japanese Yen , however, continued to deteriorate, with USD/JPY hitting a fresh multi-decade high.

Australian bond yields rose following the RBA’s surprise decision as traders ditched bond holdings in preparation for further rate hikes this year. Analysts moved quickly to price in more aggressive rate hike bets for the July RBA meeting. The higher trajectory has some economists concerned that it may trigger a recession as households grapple with high debt levels.Spot uranium prices rose on news that the United States may see a government-led initiative to bolster the country’s […]

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Saskatoon, Saskatchewan – TheNewswire – June 6, 2022 – UEX Corporation (TSX:UEX) (OTC:UEXCF)(“UEX” or the “Company”) is pleased to announce that is has filed an updated technical report for the Company’s 49.0975% owned Shea Creek Project that includes an updated mineral resource estimate for the property. The remaining 50.9025% interest in the Shea Creek Project is owned by Orano Canada Inc.

The updated technical report and mineral resource estimate was completed by Mr. James Gray, P.Geo. of Advantage Geoservices Limited, Mr. David Rhys, P.Geo. of Panterra Geoservices Inc., and Mr. Chris Hamel, P.Geo., UEX’s Vice President of Exploration. Mr. Gray, Mr. Rhys, and Mr. Hamel are Qualified Persons as defined by National Instrument 43-101. Mr. Gray is considered independent of the Company. Mr. Hamel is an employee of UEX, and Mr. Rhys is a technical advisor to the Company. Mr. Hamel and Mr. Rhys are not considered to be independent […]

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Toronto, Ontario and Nucla, Colorado, May 31, 2022 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp.

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. […]

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Uranium Energy Corp. (UEC) is priced at $3.94 after the most recent trading session. At the very opening of the session, the stock price was $4.05 and reached a high price of $4.10, prior to closing the session it reached the value of $4.19. The stock touched a low price of $3.90.Recently in News on April 20, 2022, Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8. NYSE American Symbol – UEC. 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 money in the […]

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