Monsters of Rock: Another significant ASX uranium merger as yellowcake interest goes nuclear

Pic: Antoine2K/iStock via Getty Images share

Uranium prices are in the mid-50s, their best launching point for any contracting cycle according to Cameco’s Grant Isaac

A second significant merger in two years has occurred in the ASX uranium space

Lotus will take over A-Cap Energy in scrip deal valuing the Letlhakane project owner at ~$65 million Uranium prices are having a solid 2023, one of the few commodities to be a regular winner on our Up, Up, Down, Down monthly commodity update this year. READ: Up, Up, Down, Down: June proves a solid month for commodities as iron ore runs and lithium holds firm At US$55.30/lb, according to Numerco today, the nuclear fuel is performing at levels around three times higher than its cyclical lows five years ago.Behind that is a couple things. Sprott and other physical uranium investors have soaked up available tonnes on the […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet