Tag: uranium

Heavy Rare Earths Havilah Resources ASX HRE HAV uranium prospects sale Heavy Rare Earths (ASX: HRE) has entered into an agreement with Havilah Resources (ASX: HAV) to acquire the Radium Hill, Lake Namba-Billeroo and Prospect Hill uranium projects in north-eastern South Australia.

The three projects cover a total area of 2,949 square kilometres across 22 tenements or part-tenements in the uranium-rich Curnamona Province in an area that hosts two operating in-situ leach (ISL) mines at Honeymoon – owned by Boss Energy (ASX: BOE) – and Four Mile, owned by private company Heathgate Resources.

Heavy Rare Earths plans to initially target extensions of the Radium Hill deposit, the southern extension of the Billeroo palaeochannel, the southern Namba palaeochannel and potential palaeochannels north and east of Prospect Hill. Exploration commitment

Heavy Rare Earths will earn an initial 80% interest in the uranium rights on all projects by spending $3 million on exploration and […]

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Arrow Energy – Standard Uranium CEO discusses promising exploration results from Sun Dog project – ICYMI Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) CEO Jon Bey joined Proactive to discuss the company’s latest developments and the growing momentum in the uranium sector.

Bey highlighted the progress made at Standard Uranium’s Sun Dog project, its ongoing partnership with Arrow Energy , and the exploration plans for the year ahead.

The CEO also shared insights on the broader uranium market, highlighting the increasing demand for nuclear energy driven by major tech companies.

Proactive : Interesting news release out from the company, talking about your Sun Dog uranium project. You and I have talked in the past about these partnerships that you’ve put together and how this is the business model of the company moving forward. A great example of how one is really working. Jon Bey : Yes, thank you for remembering that. We […]

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Source: Shutterstock Last week, CanAlaska Uranium Ltd. ( CVE:CVV ) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 11% last week, resulting in a CA$13m increase in the company’s market worth, implying a 77% gain on their initial purchase. As a result, the stock they originally bought for CA$106.1k is now worth CA$188.0k.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for CanAlaska Uranium CanAlaska Uranium Insider Transactions Over The Last Year

In fact, the recent sale by Nathan Bridge was the biggest sale of CanAlaska Uranium shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below […]

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Shares in Uranium Energy ( UEC 1.32%) rose by a whopping 17.8% in the week up to Friday morning. The move comes in a positive week of newsflow for the nuclear industry, which is good news for a pure-play nuclear stock like Uranium Energy. Google signs up for nuclear power

Alphabet ‘s Google became the latest technology behemoth to sign up. The cloud services company signed a power purchase agreement (PPA) for electricity powered by nuclear energy following its deal with Kairos Power. The plan is for Kairos to have the first of multiple small modular reactors online by 2030, leading to more deployments later. NYSEMKT: UEC

Uranium Energy

Today’s Change(1.32%) $0.11Current Price$8.46UEC S&P Key Data Points Market Cap$3BDay’s Range$8.22 – $8.6352wk Range$4.06 – $8.66Volume14,144,661Avg Vol8,293,384Gross Margin-6483.48%Dividend YieldN/AIt’s the latest in a line of technology companies signing PPAs, following Amazon Web Services’ (Amazon’s cloud services business) deal to buy […]

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Dear Reader,

This past Wednesday, Amazon became the latest of the Big Five tech brands to announce its entry into the nuclear energy business.

The world’s biggest online retailer signed three deals, including one with public utility conglomerate Energy Northwest, another with developer X-Energy for the construction of small modular reactors (SMRs), as well as an agreement with Dominion Energy for SMR development in Virginia. amazon frown logo The driving force behind all this is the same as it is for the rest of the world’s biggest technology corporations: The evolution of AI, which could account for as much as 10% of the U.S. energy market by the end of the decade.

I said it before in the previous weeks, but it warrants repetition: If this foray into the world of nuclear energy appears desperate, I assure you it’s not out of greed.Artificial intelligence has already been identified as the next paradigm-shifting […]

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DF News Desk

print Pixabay File Photo. Uranium prices have soared to 15-year highs as major tech companies like Google, Amazon and Microsoft strike deals for nuclear power to meet the rising energy demands of artificial intelligence and data centers, reported Xinhua.

Nuclear fuel is trading at 83.30 U.S. dollars per pound (about 0.45 kilogram) as of Thursday, a level not seen since 2007, as miners struggle to keep pace with growing demand. The International Energy Agency (IEA) predicts nuclear electricity generation could nearly triple in North America by 2050.

"With global uranium supply lagging behind demand, the market will likely see higher prices," John Ciampaglia, CEO of Sprott Asset Management, told MarketWatch. Sprott operates a physical uranium trust and other funds that invest in miners.Kazakhstan, which typically supplies over one-third of the world’s uranium, has slashed production due to shortages of key mining inputs, Ciampaglia noted. Other major producers like […]

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Vancouver, British Columbia–(Newsfile Corp. – October 18, 2024) – DARK STAR MINERALS INC. (CSE: BATT) (the " Company " or " Dark Star ") is pleased to announce that, further to the Company’s news release dated July 3, 2024, it has renegotiated the terms of its previously announced transaction with Cronin Exploration Inc. (" Cronin ") for the acquisition of certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the " Ghost Lake Property " or " Property ").

Marc Branson, President, Chief Executive Officer and a director of Dark Star state: "Dark Star is pleased to have been able to renegotiate the proposed terms for the Company’s acquisition of the Ghost Lake Property with Cronin. As mentioned before, we are very excited to have the opportunity to expand the Company’s exploration prospects into uranium; a critical mineral we believe […]

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Vancouver, British Columbia–(Newsfile Corp. – October 18, 2024) – DARK STAR MINERALS INC. (CSE: BATT) (the " Company " or " Dark Star ") is pleased to announce that, further to the Company’s news release dated July 3, 2024, it has renegotiated the terms of its previously announced transaction with Cronin Exploration Inc. (" Cronin ") for the acquisition of certain mineral claims commonly know as the Ghost Lake claims located in the Province of Newfoundland and Labrador (the " Ghost Lake Property " or " Property ").

Marc Branson, President, Chief Executive Officer and a director of Dark Star state: " Dark Star is pleased to have been able to renegotiate the proposed terms for the Company’s acquisition of the Ghost Lake Property with Cronin. As mentioned before, we are very excited to have the opportunity to expand the Company’s exploration prospects into uranium; a critical mineral we believe […]

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Uranium Royalty Announces Voting Results

and Appointment of Director

DESIGNATED NEWS RELEASE

Vancouver, British Columbia – October 17, 2024 – Uranium Royalty Corp. (NASDAQ: UROY, TSX: URC) (" URC " or the " Company ") is pleased to announce that at its annual general and special meeting held on October 17, 2024 (the " Meeting " or " AGSM "), all nominees listed in its management information circular dated August 23, 2024 were elected as directors of the Company.Each of the following five nominees proposed by management was elected as a director on a vote by show of hands. The proxies received by management with respect to the election of directors were as follows: Director Percentage of Votes For Percentage of Votes Withheld Amir Adnani 83.17% 16.83% Scott Melbye 83.32% 16.68% Vina Patel 98.12% 1.88% Neil Gregson 98.23% 1.77% Donna Wichers 82.98% 17.02% As a result, […]

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Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) held its annual general and special meeting on October 17, 2024, where shareholders elected five directors to the company’s board. The elected directors are Amir Adnani, Scott Melbye, Vina Patel, Neil Gregson, and Donna Wichers . Following the meeting, the board appointed members to various committees, including the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company’s auditor and authorized amendments to the Long-Term Incentive Plan. The meeting saw a total of 60,041,175 common shares voted , representing 49.42% of outstanding shares.

Notably, Donna Wichers was elected as a new board member. With over 40 years of experience in the uranium industry, Ms. Wichers brings extensive expertise to the board, having held senior roles in various uranium mining companies and served on multiple industry boards.

Positive Election of experienced directors with high approval […]

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Tech giants are grabbing on to nuclear energy projects to help power their growing data centres. Pic: Getty Images Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News.

• Uranium stocks rise on the back of Amazon’s rising nuclear ambitions
• Deep Yellow and Lotus Resources have both shot up the bourse as Sprott increases its shareholdings
• Koonenberry Gold and Global Uranium and Enrichment rise on proposed Enmore gold project transaction

Here are the biggest small cap resources winners in morning trade, Thursday, October 17. Prices accurate at time of writing. As the great Kevin Costner once said in arguably his best-ever movie, Field Of Dreams , "If you build it, they will come." And come they did – investors that is, into uranium stocks, which have shot up on news that Amazon will join Google and Microsoft […]

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Global Uranium Koonenberry Gold Enmore Gold Project M&A

WRITTEN BY Aaliyah Rogan

Global Uranium and Enrichment (ASX:GUE) has entered into a binding sale and purchase agreement with Koonenberry Gold (ASX:KNB) for the sale of the Enmore Gold Project in New South Wales , Australia.

The Enmore Project is located in the New England Fold Belt, 20km from the 1.7-million-ounce Hillgrove Gold-Antimony Mine.Under the agreement, Koonenberry will issue 35 million shares to Global Uranium and is also required to conduct a $2 million capital raising and secure shareholder approval in November 2024.Global Uranium, which has a market capitalisation of $21.25 million, says the proposed sale of Enmore aligns with its commitment to deliver its growth strategy in developing its North American uranium portfolio.The sale also provides Global Uranium with exposure to a broader portfolio of gold assets. By retaining an equity position in Koonenberry, the company is positioning itself […]

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ASX resets record as AMP, uranium stocks soar

Joshua Peach

The sharemarket managed to chart its second record high of the week on Thursday, despite an unexpected gain in the labour market and slumping iron ore prices.

The S&P/ASX 200 Index climbed 71.3 points, or 0.9 per cent, to close at a fresh peak of 8355.9 points. The All Ordinaries added 0.8 per centBank stocks led the charge after a strong earnings report from Morgan Stanley overnight. Commonwealth Bank rallied 1.6 per cent to $142, Westpac added 2.6 per cent to $32.55, ANZ gained 1.3 per cent to $31.82 and National Australia Bank rose 1.7 per cent to $39.12.Investors took some money off the table after a robust employment report tempered rate-cut bets. The data showed the Australian economy added 64,100 jobs in September, more than double the market expectations. One in three Money markets now imply less than a one-in-three […]

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The Global X Uranium ETF (URA) has bounced in the past few months as investors predict a renaissance in the nuclear energy industry. After dropping to a low of $22.76 on August 5, the fund has rebounded by over 42%, and is nearing its all-time high of $33.65.

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE . Takes 2 mins. Nuclear energy demand

The Global X Uranium ETF has rallied as the prices of uranium continued rising. Data by Markets Insider shows that uranium has risen from $78 in August to $82.95 today.

Still, unlike in 2023 when uranium prices soared, they have come under intense pressure, this year as they dropped from $105 to a low of $78.This rebound happened as investors predicted that the nuclear energy industry will continue doing well in the next few years.For example, we recently wrote that […]

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Standard Uranium (TSXV: STND) (OTCQB: STTDF) has provided an update on exploration at its Sun Dog Uranium Project in Saskatchewan. The company reported intersecting elevated radioactivity in graphitic basement rocks at the newly identified Wishbone target area, validating their exploration model for basement-hosted uranium deposits.

Aero Energy (TSXV: AERO) has committed to Year 2 of the three-year earn-in option agreement, pledging a minimum of $2.0M in exploration expenditures starting October 20, 2024. Key highlights include: Completion of 16 drill holes across 12 targets, with anomalous radioactivity in 9 holes

1,593 metres drilled at Wishbone, with anomalous radioactivity in 7 of 8 holes

Confirmation of the company’s prospectivity model for basement-hosted uranium deposits Identification of multiple graphitic horizons with over 70 km of largely unexplored strike The company views these results as encouraging and plans further geophysical surveys and drilling to vector into a potential high-grade discovery.Positive Elevated radioactivity intersected […]

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Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open a little lower this morning, tracking Wall Street down after the S&P and the Nasdaq took a hit overnight – which, in turn, is being (partially) blamed on Dutch chipmaker ASML coming a cropper after it missed earnings and revised its 2025 forecast down.ASML fell 16% – […]

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Vancouver, British Columbia–(Newsfile Corp. – October 16, 2024) – Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRFF) (FSE: O0k) (" Bayridge ") has completed the first two holes of its fall 2024 drilling program at its 1,337 ha Waterbury East uranium project in Canada’s Athabasca Basin. Saf Dhillon, Bayridge President & CEO, toured the property last week and also met with representatives of the Ya’Thi Néné Land and Resource Office in Saskatoon.

The first two holes, WB24-001 and WB24-002, tested the strike projection to the east and west of the CanAlaska 2006 drill hole WAT005 which encountered a 17.0 m zone of anomalous basement-hosted uranium enrichment, containing a highlight value of 324 ppm U over 0.6 m in a structurally controlled zone. VTEM interpretation by in3D Geoscience suggests 2006/2007 drilling of the VTEM conductor was actually short of the conductor and also the strength of the conductor may be stronger than […]

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By Craig Nolan

October 16, 2024 — 2.35pm , register or subscribe to save articles for later. Save articles for later

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4 minLincoln Minerals has put all funding options for its uranium assets in South Australia on the table – including an outright sale of the assets, a partial divestment, or investment into one or all of its projects – after fielding several informal approaches from interested business parties.Management says a formal request for interest has now been actioned and it will entertain a full or partial sale of one or all assets for cash or shares. However, it is willing to also retain the assets due to their prospectivity. Lincoln Minerals is looking for a funding dance partner for its uranium projects in SA. The company says a planned near-term exploration program […]

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GoviEx Uranium announces positive results from the Feasibility Study testwork for its Muntanga Project . Key highlights include: Main deposits of Muntanga and Dibbwi East , accounting for 80% of M&I resources, achieved uranium recoveries of 90% or better

Results validate the efficiency of the heap leach process

High uranium recoveries occur within only 20 days

Project benefits from low acid consumption Results support potential for small on-off leach pads The extensive metallurgical test work program, conducted at Mintek, South Africa, improves confidence in recovery rates and processing design for the upcoming Feasibility Study, due before year-end.Positive Muntanga and Dibbwi East deposits achieved uranium recoveries of 90% or better High uranium recoveries occur within only 20 days Low acid consumption reported for the project Test work results support potential for small on-off leach pads Dibbwi East deposit resource increased by 60% in contained tons […]

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The VanEck Uranium and Nuclear ETF (NLR) has achieved a 17.29% return through Q3 2024, leading the nuclear energy ETF space. NLR provides investors exposure to the full nuclear energy ecosystem, capitalizing on the industry’s resurgence driven by increasing global power demands and the push for clean energy solutions .

The nuclear energy revival is fueled by three key factors: rapidly growing electricity demand from AI, EVs, and cryptocurrency; the need for reliable, clean energy to reduce emissions; and renewed regulatory support from governments. NLR’s diverse portfolio includes utilities, uranium miners, and companies developing advanced reactor technology, offering investors access to the entire nuclear value chain.

Recent deals, such as Microsoft’s agreement with Constellation Energy and Google’s partnership with Kairos Power, highlight nuclear energy’s critical role in powering future technology. VanEck is hosting a webinar on October 17 to explore nuclear energy investment opportunities and NLR’s pure-play exposure across the industry.

Positive […]

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alcfeoh21 / iStock via Getty Images Demand for uranium spiked in 2023, nearly doubling in price. The Federal Reserve said the global price of uranium jumped from $39 per pound at the end of 2022 to over $$70 per pound by last December. It peaked at over $81 a pound in February, but has since pulled back to around $64.60 today.

However, long-term contracts for uranium have recently hit 16-year highs . Reuters reported Cameco ( NYSE:CCJ ), one of the world’s largest uranium miners, said “With a stronger market environment, we’re currently locking in ceilings of about $125 to 130 per pound and floors at about $70 to $75 per pound in market-related contracts.”

The rising demand is being driven by data centers. As artificial intelligence has swept the world, hyperscalers like Amazon ( NASDAQ:AMZN ) and Microsoft ( NASDAQ:MSFT ) have been pouring more resources into building out greater […]

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Skyharbour Resources Ltd logo Vancouver, BC, Oct. 15, 2024 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( “ Skyharbour ” or the “ Company ”) is pleased to announce that partner company Terra Clean Energy Corp. (“Terra”) has provided plans for an upcoming work program at its South Falcon East Uranium Project which hosts the Fraser Lakes B uranium Deposit. Under the Option Agreement and assuming the 75% interest is earned, Tisdale will have issued Skyharbour 1,111,111 Terra shares upfront, and will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash of which $6,500,000 can be settled for shares in the capital of Terra (“Shares”) over the five-year earn-in period.

Map of South Falcon East Project Claims:

https://skyharbourltd.com/_resources/images/Sky-South-Falcon-East-20231030.jpg

The South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately […]

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Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) has closed the acquisition of an approximately 900-acre property in Montrose County, Colorado, known as the PRC Site . The transaction, structured as a share purchase, involved acquiring all shares of Pinon Ridge , the parent company owning the site. Western paid approximately USD1.15 million to settle an outstanding promissory note held by a creditor.

The PRC Site is the location of the prospective Pinon Ridge Mill . In 2007, the original acquirer paid USD1.32 million for the acreage, followed by over CAD11.86 million in permitting and development expenditures over four years. Although the mill was never constructed, it was fully licensed, providing leverage from past expenditures for the permitting process.

This acquisition is part of Western’s plans to develop and license uranium and vanadium processing facilities for its resource properties in Colorado and Utah.

Positive Acquisition of 900-acre property with potential for […]

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Pic: Getty Images. Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News.

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open a little lower this morning, tracking Wall Street down after the S&P and the Nasdaq took a hit overnight – which, in turn, is being (partially) blamed on Dutch chipmaker ASML coming a cropper after it missed earnings and revised its 2025 forecast down.ASML fell 16% – […]

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

enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) announced positive results from its Alta Mesa In-Situ Recovery Central Processing Plant (CPP) and Wellfield drill program . Highlights include:

1. Drilling at Wellfield 7 yielded intercepts with Grade Thickness (GT) up to 3.615, exceeding the 0.3 GT cutoff for ISR in South Texas.

2. The Alta Mesa CPP is processing 1,700 gallons per minute of pregnant solution from initial patterns in Wellfield 7.

3. Production is expected to increase as additional patterns are completed.4. Seven drill rigs are in full operation, with plans to double that number over the next 12 months.5. The Alta Mesa CPP has a total operating capacity of 1.5 million lbs. U3O8 per year, with additional drying and packaging capacity of over 0.5 million lbs. U3O8.Positive Drilling results at Alta Mesa Wellfield 7 significantly exceed the cutoff grade thickness requirements for ISR uranium extraction The Alta Mesa CPP is processing […]

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