Uranium Miners – The Big Picture Just Keeps Getting Better

Read the full article on Investorideas.com
https://www.investorideas.com/News/2024/mining/07180Uranium-Miners.asp

The World Nuclear Association recently reported on the sector noting, "Looking ten years ahead, the market is expected to grow. The Reference Scenario of the 2023 edition of the World Nuclear Association’s Nuclear Fuel Report shows a 28% increase in uranium demand over 2023-30 (for an 18% increase in reactor capacity – many new cores will be required). Demand thereafter will depend on new plants being built and the rate at which older plants are retired – the Reference Scenario of the 2023 Nuclear Fuel Report has a 51% increase in uranium demand for the decade 2031-2040. Licensing of plant lifetime extensions and the economic attractiveness of continued operation of older reactors are critical factors in the medium-term uranium market. However, with electricity demand by 2040 potentially increasing by about 50% from that of 2022 (based on the International Energy Agency’s World […]

Evening Wrap: ASX 200 slides as local tech stocks crumble on NASDAQ plunge, defensives prosper, uranium stocks dive

There’s an old saying that when the US stock market sneezes, the Aussie share market catches a cold.

Well, US tech stocks sneezed (um, sneezed and keeled over) last night, so you can guess what happened to Aussie tech stocks today.

Let’s dive in! Markets

XJO Intraday Chart 18 July 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 21.4 points lower at 8,036.5, 0.42% from its session high and just 0.13% from its low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by a dismal 88 to 184.Moves on the ASX today were generally simple to explain. As usual, we pretty much just reflect what happened in the USA overnight (with some wiggle room around Resources and Energy stocks that usually follow commodity prices).What happened in the USA overnight? Tech got belted. More specifically, high PE-risk on got belted . Otherwise, low PE-risk off […]

Aero Energy Discovers New Visible Mineralization at Surface and Pinpoints Drill Targets at Sun Dog Project near Uranium City, Saskatchewan

Recent prospecting by Aero Energy and Standard Uranium has bolstered drill targets through discovery of new uranium zones at multiple target areas

Vancouver, British Columbia–(Newsfile Corp. – July 18, 2024) – Aero Energy Ltd. (TSXV: AERO) (OTCQB: AAUGF) (FSE: UU3) (" Aero " or the " Company ") is pleased to announce new prospecting results and drill target areas at its Sun Dog Uranium Project (" Sun Dog ", or the " Project ") located near Uranium City in northwestern Saskatchewan. An additional fully funded drilling campaign is scheduled to commence in the coming week, designed to test high-priority targets with the potential to discover high-grade, unconformity-related basement-hosted uranium mineralization along structural and conductive corridors.

The Project is currently under a three-year earn-in option agreement (the " Option ") with Standard Uranium Ltd. (" Standard ") (TSXV: STND) that was executed on October 20, 2023. The program will be funded […]

Stallion Uranium Upsizes Non-Brokered Private Placement Financing to $2.2 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 17, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the "Company" or "Stallion") (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that due to strong investor demand, the Company has increased the maximum size of its previously announced non-brokered private placement (the “ Offering ”) from $1,500,000 to $2,200,000. The revised Offering consisting of units of the Company (each, a “ Unit ”) at a price of $0.085 per Unit, and flow-through units of the Company (each, a “ FT Unit ”) at a price of $0.09 per FT Unit (the “ Offering ”).

Each Unit will consist of one common share of the Company and one-half of one transferable warrant (each whole, a “Warrant”). Each Warrant will entitle the holder to purchase one common share for twenty-four (24) months […]

GoviEx Uranium Letter to Stakeholders

Vancouver, British Columbia–(Newsfile Corp. – July 17, 2024) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) ("GoviEx" or "Company") today provides a letter to stakeholders from the Executive Chairman, Govind Friedland.

Dear Stakeholders,

Nearly two weeks ago, our Company was informed by the Government of the Republic of Niger that it no longer has rights over the perimeter of the mining permit for our Madaouela Project, which reverted back to the public domain.

This decision came despite our very best efforts spanning almost two decades, which have transformed Madaouela from an exploratory venture into one of the world’s largest known uranium deposits. Since acquiring our license, we have navigated through extreme uncertainty and withstood periods of historically low uranium prices. Despite this, we continued to develop the project through 2023 when uranium prices exceeded the US$65 per pound U3O8 used in our 2022 Feasibility Study. 1 Our readiness to escalate development was […]

Myriad Uranium Initiates Geophysical Survey at Copper Mountain Uranium Project, Wyoming, USA

Myriad Uranium holds a 75% earnable interest in the Copper Mountain Uranium Project which saw US$78m (2024$) in exploration and development expenditures by Union Pacific during the 1970s.

Union Pacific drilled approximately 2,000 boreholes, discovered 7 uranium deposits, and developed a 6-pit mine plan at Copper Mountain, estimating resources of between 15.7 and 30.1 Mlbs eU 3 O 8 and estimating the further potential of known and speculated targets within the project area to be over 65 Mlbs. These estimates are historical and not yet current under NI 43-101.

Myriad intends to bring these historical resources current under NI 43-101 and, if possible, go beyond them, initially focusing on the ‘High Grade Zone’ of the Canning Deposit (see Figure 1) which hosts the largest estimated historical resource at Copper Mountain.

A ground magnetometer survey is now underway over 571 acres at Canning. Line spacing is 25 […]

3 Best ETFs to Invest in Uranium Stocks

Kazakhstan, the leading producer of uranium, just announced a shift in its policies that increased the value of uranium stocks – and raised concerns about future uranium supply. On July 10, the Kazakh government announced a significant MET increase , replacing the 6% flat rate with a 9% rate in 2025 and a two-tier system in 2026 that could push rates up to 20.5%.

The market reacted quickly, as uranium stocks surged. The bullish sentiment stems from potential supply constraints due to the new tax structure. According to BMO, the new tax rates "provide less incentive for Kazatomprom to increase production, in our view, with less penalty for higher uranium prices than production, which could add to support for the uranium price." This backdrop creates a compelling case for investors to consider uranium-focused exchange-traded funds (ETFs) as a strategic addition to their portfolios.

And beyond the finer points of Kazakh tax […]

Cameco is breaking ground on new ways to mine uranium

Photo by Cameco Corp. Cameco’s Cigar Lake is the only mine in the world using the jet boring method. About half of the ore mined by the Canadian nuclear fuel giant is now extracted using automation and AI

Michael Joel-Hansen

Regina Leader-Post

Many countries around the world are looking to build out their capacity for nuclear power as they try to reduce their carbon emissions, which has created an increased demand for uranium.But the market for uranium has also been undergoing some major changes due to sanctions on Russia because of its invasion of Ukraine. There have been quite a few changes on the operations front, too.For example, Saskatoon-based uranium miner Cameco Corp. is undergoing a major evolution in the way it extracts the heavy metal. Lloyd Rowson, vice-president of technical services, said the best example of this change can be seen at the Cigar Lake mine, which began […]

Uranium Week: Focus On Kazatomprom (Aug 1)

This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

The world’s largest uranium producer, Kazatomprom, takes centre stage while the Biden Administration drives a nuclear reactor reform agenda.

-U308 price higher
-Kazatomprom hit by new taxes
-Aussie uranium stocks look attractive A quiet spot market belies big macro changes The U308 spot market was relatively quiet last week. Only one transaction was reported by industry consultant TradeTech at a price of US$86lb, a US$1 increase on the previous week.On the corporate news front it was quite the contrary as Kazatomprom, the world’s largest uranium producer, announced changes to the Mineral Extraction Tax for its Kazakhstan mining operations.The tax change from the Kazakh government is reported by TradeTech as part of “broader economic reforms” to balance the budget and provide greater economic equality.The new rate would move to 9% from 6% starting in […]

Uranium hopeful Piche Resources lights up the ASX

Piche Resources ASX launch 16 July, 2024

Uranium

WRITTEN BY Angela East

The ASX has a new uranium and gold explorer, with Piche Resources (ASX:PR2) making its debut on Monday.The junior explorer listed following the completion of a $10 million IPO, led by Euroz Hartleys, priced at $0.20 per share, giving it a market value of just over $16 million prior to listing.Piche says Euroz introduced a number of international and Australian funds to its register, combined with high net worth, retail investors and Piche directors and management.However, shares opened trade on 15 July at 12pm AEST at $0.16, a 20% discount to the IPO price.By the closing bell yesterday around 2.2 million shares, valued at over $340,000, had changed hands, with shares only reaching a high of $0.175 and closing at $0.155.Piche’s immediate key focus is on its Ashburton Project in Western Australia, where previous drilling in […]

Moab finalises uranium project acquisition

Moab Minerals has completed its 81.5% acquisition of the shares of Linx Resources which boasts a diverse portfolio of large-scale uranium projects in Tanzania. Pic: Getty Images Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News. Moab has completed the acquisition of 81.85% of the shares of Linx Resources

It has also converted its loan to Linx of $521,000 to equity in Linx

This takes its ownership to 89.6% with exploration set to begin shortly

Special report : Moab Minerals has finalised an 81.85% acquisition of shares in Linx Resources, bringing its total ownership to 89.6% as it looks to capitalise on uranium’s strong market fundamentals. Moab Minerals (ASX:MOM) is well-acquainted with uranium with its project portfolio comprising the historical REX project in Colorado’s famed Uravan mineral belt.But with analysts tipping an upwards surge in uranium prices later […]

How Infini stunned the ASX with uranium soil assays

Infini Resources’ newly-appointed managing director Charles Armstrong. Credit: File Holed up alone in a Subiaco office for days, Charles Armstrong was running against the clock trying to find one last piece for an exploration puzzle being put together for the ASX listing of Infini Resources in January.

Then a consultant for the ASX newcomer, Armstrong painstakingly scoured the internet, hour after long hour, until he settled on a remote plot of Portland Creek ground in the Canadian province of Newfoundland and Labrador that had “fallen through the cracks”.

And that very piece of land – which featured what he described as a “whopper of a soil anomaly” – has in the past fortnight been at the centre of a wild share price ride for Infini and its savvy early investors after the company’s stock jumped more than 520 per cent on the back of lab-busting uranium soil results going up to […]

Myriad Uranium Reports on Site Visit to Copper Mountain Uranium Project, Wyoming, USA

Myriad Uranium holds a 75% earnable interest in the Copper Mountain Uranium Project which saw US$78m (2024$) in exploration and development expenditures by Union Pacific during the 1970s.

Union Pacific drilled approximately 2,000 boreholes, discovered 7 uranium deposits, and developed a 6-pit mine plan at Copper Mountain, estimating resources of between 15.7 and 30.1 Mlbs eU 3 O 8 and estimating the further potential of known and speculated targets within the project area to be over 65 Mlbs. These estimates are historical and not yet current under NI 43-101.

Myriad Uranium intends to bring these historical estimates current under NI 43-101 and if possible, go beyond them, initially focusing on the ‘High Grade Zone’ of the Canning Deposit (see Figure 1), which hosts the largest estimated historical resources at Copper Mountain.

In a key step, the accuracy of important historical drill hole locations in the Company’s […]

Generation Uranium Re-Engages APEX Geoscience as Technical Consultants to Advance the Yath Uranium Project

Mr. Anthony Zelen reports:

Vancouver, British Columbia, Canada – TheNewswire – July 11, 2024 – Generation Uranium Inc. (the “Company” or “Generation”), (TSXV: GEN) (OTCQB: GENRF) (FRA: W85) is pleased to announce that it has entered into a second professional consulting agreement (the “Agreement”) with APEX Geoscience Ltd. (“APEX”) to provide geological consulting services with respect to the Yath Uranium Project (“Yath”) located in Nunavut, Canada. The Agreement broadens the scope of work to be provided by APEX and announced by Generation on June 13, 2024 .

As part of the Agreement, APEX will produce 2D GIS and 3D Micromine digital data compilation for Yath. This compilation will integrate publicly filed Nunavut assessment report data specific to Yath and may extend to include digital data for the surrounding areas, notably the historical LAC 50 trend*, where relevant data has been captured in assessment reports associated with current claims.

APEX will also review […]

Evening Wrap: ASX 200 sniffs record…surely this is it…8000 here we come! Plus gold, uranium and lithium stocks big day out

The S&P/ASX 200 closed 72.8 points higher, up 0.93%.

This is it!

Surely tomorrow is the day we meet our destiny.

Or at the very least make a new all time high on the S&P/ASX 200.Definitely one of the two…Let’s dive in! Today in Review Thu 11 Jul 24, 4:26pm (AEST) Name Value % Chg Major Indices ASX 200 7,889.6 +0.93% All Ords 8,133.4 +0.93% Small Ords 3,020.4 +1.28% All Tech 3,144.1 +1.11% Emerging Companies 2,178.9 +0.97% Currency AUD/USD 0.6762 +0.22% US Futures S&P 500 5,684.25 -0.07% Dow Jones 40,036.0 -0.03% Nasdaq 20,871.75 -0.13% Name Value % Chg Sector Real Estate 3,660.6 +1.59% Information Technology 2,371.9 +1.46% Health Care 44,585.2 +1.32% Materials 17,217.5 +1.18% Energy 10,350.6 +1.11% Industrials 6,866.7 +0.98% Consumer Staples 12,532.1 +0.88% Consumer Discretionary 3,593.0 +0.87% Communication Services 1,533.7 +0.60% Financials 7,752.6 +0.52% Utilities 9,075.1 +0.25% Enjoying the Evening Wrap? Sign up to get it sent directly to […]

Morning Wrap: ASX 200 to rally, S&P 500 and Nasdaq score another record close, Uranium stock rally

ASX 200 futures are trading 73 points higher, up 0.93% as of 8:30 am AEST.

The S&P 500 closed above 5,600 for the first time on broad-based gains, Apple says new AI features could bump iPhone shipments up by more than 10% this year, uranium stocks soar after unexpected new mineral tax in Kazakhstan and the ASX 200 is set to have a crack at all-time highs.

Let’s dive in. Overnight Summary

Thu 11 Jul 24, 8:22am (AEST) Name Value % Chg Major Indices S&P 500 5,634 +1.02% Dow Jones 39,721 +1.09% NASDAQ Comp 18,647 +1.18% Russell 2000 2,052 +1.10% Country Indices Canada 22,350 +1.40% China 2,939 -0.68% Germany 18,407 +0.94% Hong Kong 17,472 -0.29% India 79,925 -0.53% Japan 41,832 +0.61% United Kingdom 8,194 +0.66% Name Value % Chg Commodities (USD) Gold 2,379.7 +0.50% Iron Ore 108.74 -1.60% Copper 4.6085 +0.68% WTI Oil 82.1 +0.85% Currency AUD/USD 0.6747 +0.07% […]

Top 10 at 11: Infini tops the morning list after finding all of the uranium

Pack it up, boys… Infini has found all of the uranium. Pic via Getty Images. Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish – with the best (and sometimes worst) performing ASX stocks in morning trade.

We use live data to help frame the ASX trading day through 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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.

Anyway… here’s what’s been happening since the doors were opened this morning…The ASX got off to a bumpy start this morning, opening around -0.5% lower, with the Telcos the only sector coping with the negative drag so far. WINNERS Stocks highlighted in yellow have made […]

World-class Infini uranium grades a big hit on ASX

Infini Resources has revealed lab-busting grades for the uranium from its Portland Creek project in Canada. A decision by Infini Resources to send lab-busting uranium assays from its Portland Creek project in Canada back for re-analysis has delivered wild grades and a matching share price hike on the ASX this morning.

With the company’s stock jumping more than 83 per cent – a second big run in as many weeks – management says the soil sampling grades going up to 74,997 parts per million (7.5 per cent) uranium oxide could be the highest ever recorded. Its share price had been sitting as low as 14.5c just a fortnight ago, but hit a high of 90c today as nearly 7.5 million units changed hands in the first three hours of intraday trading.

Infini last week revealed that 17 soil samples had broken the upper limit of detection at the lab, putting the […]

Wyoming Uranium Producer Ramps Up To Meet $100M-Plus Sale To European Buyer

Strata Energy proposes to sell a significant amount of Wyoming uranium to a Belgium company. (Strata Energy) Strata Energy Inc., the U.S. unit of Australian-based Peninsula Energy Ltd., is on schedule to begin uranium production at its central processing plant in northeastern Wyoming by December, an executive of the Wyoming business told Cowboy State Daily on Monday.

Peninsula is moving forward with uranium recovery operations in the northeastern part of the state roughly 25 miles north of Moorcroft in the coal-rich Powder River Basin region.

Peninsula, which has already invested about $50 million in the processing plant, has lined up supply deals with U.S. and European-based utilities, said Peninsula Energy’s Managing Director and CEO Wayne Heili.

“The key is that the uranium industry is doing its part to bringing production back to the state of Wyoming because economic conditions are right,” Heili said.He estimated that employment is expected to double to roughly […]

Uranium Week: Boss Energy & Paladin In Focus

This story features BOSS ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: BOE

The U308 market took a breather due to the midweek July 4th Independence Day holiday, and Australian brokers analysed production updates from Boss Energy and Paladin Energy.

-U308 spot unchanged on the week
-Nigeria changes the rules
-Broker updates on Aussie uranium producers The US Independence Day holiday on July 4 th underpinned a quiet week in uranium markets.Industry expert TradeTech highlighted participants remain involved with the waiver application process to the Department of Energy, due to the upcoming Russian uranium import ban on August 11.Russian supplier Tenex’s July 15 cut-off date for orders is also looming, complicated by those seeking exemptions from the Department of Energy.The U3O8 spot price remained unchanged on the week at US$85/lb. The Mid-Term U3O8 price stood at US$93/lb and the Long-term price is US$80/lb. Politics never too far […]

Is Uranium finally back?

© Reuters. Is Uranium finally back? Analysts at Alpine Macro and BCA Research are bullish on uranium, with Alpine calling a "super-cycle bull market" for uranium.

The firm cited a global shift back towards nuclear energy. Their note highlights the challenges the industry faced after Fukushima, with widespread reactor closures and depressed prices. However, they argue that a perfect storm of factors is now propelling uranium into a new era.

Firstly, they highlight the need for clean energy with reliable baseload generation has become paramount. Nuclear’s ability to deliver on both fronts, along with its minimal land footprint and safety record compared to fossil fuels, positions it as a critical tool in the fight against climate change.

Secondly, Alpine says uranium supply is struggling to keep pace with resurgent demand. Following years of underinvestment and mine closures, the industry is facing a structural supply deficit.The firm explains that this is further exacerbated […]

Premier American Uranium Shifts to Growth Ahead of Schedule at Cebolleta in New Mexico, US

TORONTO, July 05, 2024 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR”, the “Company” or “Premier American Uranium”) (TSXV: PUR) (OTCQB: PAUIF) is pleased to announce a shift from resource confirmation to focus primarily on growth and resource expansion following the recent set of milestones achieved by the Company including the NI 43-101 compliant mineral resource estimate (“MRE”) for the Cebolleta Project in New Mexico (see press release dated June 24, 2024), 12 months ahead of schedule.

The Cebolleta Project holds potential for significant resource expansion, including at the Willie P target, which was not included in the MRE, the underexplored extension of mineralization remaining open along trend, and several other untested areas. The Westwater Canyon Member, the principal host rock for several large historic uranium mines in the Grants Mineral Belt, which contains over 400 million pounds of uranium 1 , remains largely unexplored on the Cebolleta property, where […]

Uranium Energy Corp: Fueling AI’s Bright Future

Summary

I’m excited about Uranium Energy Corp’s potential due to its unhedged position and the leverage from rising uranium prices.

I see AI and EV adoption as major drivers of energy demand, positioning uranium as a critical energy source for the future.

I believe in the synergy between uranium and renewable energy to create a stable and resilient power grid. I’m confident that UEC’s operating leverage and debt-free status offer a substantial margin of safety and significant profit potential. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » PhonlamaiPhoto/iStock via Getty Images Investment Thesis Uranium Energy Corp. (NYSE: UEC ) offers significant potential due to its unhedged position and the leverage from rising uranium prices. With the increasing energy demands driven by AI, EVs, and more, coupled with uranium’s role in complementing […]

Dark Star Minerals Announces Letter of Intent to Purchase Uranium Assets in the Central Mineral Belt of Newfoundland/Labrador

Mr. Marc Branson reports:

Vancouver, British Columbia–(Newsfile Corp. – July 3, 2024) – DARK STAR MINERALS INC. (CSE: BATT) (FSE: P0W) (the " Company " or " Dark Star ") is pleased to announce that the Company has entered into a letter of intent (the " LOI ") to acquire (the " Acquisition ") all of the outstanding share capital of Ghost Lake Mining Corp (" Ghost Lake "). Ghost Lake holds an option to purchase a 100 % interest in the Ghost Lake mining claims (the " Property ").

Marc Branson, President, Chief Executive Officer and a director of Dark Star stated: " We are very excited to expand our exploration prospects into Uranium. This purchase will give the Company the ability to be on the forefront of exploring for critical minerals and fulfilling our mission of creating Canada’s energy independence through exploration ".

About the Property and Central […]

Evening Wrap: ASX 200 scrapes narrow win on rebounding resources, tech stocks, plus uranium’s big day out

A rebound in Resources and Tech stocks helped the ASX 200 to a narrow win today.

Cettire (CTT), Red Hill Minerals (RHI), and the indominable Droneshield (DRO) were among the biggest winners, while Chalice Mining (CHN), Superloop (SLC) and Liontown Resources (LTR) were among the biggest losers.

Uranium stocks rallied sharply with few obvious catalysts.

For all this and much more…Let’s dive in! Markets XJO Intraday Chart 3 July 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 21.7 points higher at 7,739.9, 0.28% from its session low and just 0.05% from its high. In the broader-based S&P/ASX 300 ( XKO ), advancers beat decliners by a narrow 138 to 124.Seven of the eleven major ASX sectors rose today in only a moderately broad-based move higher. It was good to see Information Technology ( XIJ ) (+1.4%) bounce back, likely led by another record on the Nasdaq in the […]