Tag: uranium

You won’t find this bloke in our bargain barrel, but you will find Uranium stocks. Picture: Getty Images You don’t have to go big to enter the bullish uranium scene. Reach into Stockhead’s bargain barrel for promising stocks with sub-$40m market caps.

Nuclear industry forecasters are more bullish than they’ve been in years, with spot uranium prices hitting a decade high of $US67/lb this week.

On the demand side, there’s a forecasted supply shortfall of about 1.5 billion pounds by 2040.

The World Nuclear Association (WNA) and price reporter Ux Consulting say in bullish reports that new operations will be desperately needed, with uranium demand from nuclear power plants to almost double by 2040.Countries which had been less than enthusiastic on nuclear are looking to approve new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants. For the latest mining news, sign up here […]

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Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Please send tips, or feedback, to isabel.wang@marketwatch.com or to christine.idzelis@marketwatch.com. You can also follow me on Twitter at @Isabelxwang and find Christine at @CIdzelis .

Sign up here for our weekly ETF Wrap.

Exchange-traded funds that invest in uranium-related stocks have skyrocketed this year, as prices for the heavy metal widely used for nuclear power hover at the highest since the 2011 Fukushima disaster in Japan, and tight supplies and surging demand could mean prices will rise further, said market and mining analysts.The largest uranium-focused fund, the Global X Uranium ETF which has over $2 billion under management since its launch in 2010, has climbed […]

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Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Please send tips, or feedback, to isabel.wang@marketwatch.com or to christine.idzelis@marketwatch.com. You can also follow me on Twitter at @Isabelxwang and find Christine at @CIdzelis .

Sign up here for our weekly ETF Wrap.

Exchange-traded funds that invest in uranium-related stocks have skyrocketed this year, as prices for the heavy metal widely used for nuclear power hover at the highest since the 2011 Fukushima disaster in Japan, and tight supplies and surging demand could mean prices will rise further, said market and mining analysts.The largest uranium-focused fund, the Global X Uranium ETF which has over $2 billion under management since its launch in 2010, has climbed […]

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RHJ Thesis

Uranium is the most asymmetric and credible investment idea for the next few years, in my humble opinion. The uranium market is esoteric and dominated by a few countries and several enterprises. Most of them are private-public partnerships and, thus, are not available for us mere mortals to invest in. Apart from junior miners, we have a handful of excellent companies to bet on rising uranium prices. NexGen Energy (NYSE: NXE ) is such a case. It is developing one of the best uranium deposits in the world located in Canada with outstanding grade and AISC below $25/lb.

NXE’s balance sheet is neat and clean, while the share dilution is kept to a minimum. Buying one NXE share as an investor, you receive 0.72 pounds of uranium, or three times more than DNN with 0.22 lb per share. The uranium bull market is in its first innings, […]

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Although it’s a controversial issue for obvious reasons, investors may nevertheless want to consider loading up on uranium stocks. For one thing, nuclear energy appears to be making a comeback.

According to a recent Reuters report, demand for uranium reactors may jump by 28% by 2030. Ten years later, this stat might nearly double as governments accelerate their nuclear energy capacities to meet zero-carbon targets. That’s right, the underlying industry for all its drama represents a clean energy source , at least from an emissions sense.

Second, a societal shift may be occurring as well. According to a Pew Research Center report, a growing share of Americans favor more nuclear power . Further, this rising trend is evident among both Democrats and Republicans. Finally, it’s something we can all agree on. With that, below are uranium stocks to buy based on the nuclear energy resurgence.

InvestorPlace – Stock Market News, Stock […]

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Nuclear industry forecasters are more bullish than they’ve been in years with spot uranium prices hitting a decade high of US$67/lb this week.

On the demand side, there’s a forecasted supply shortfall of approximately 1.5 billion pounds by 2040.

When you take that into consideration, the bullish reports from the World Nuclear Association (WNA) and price reporter Ux Consulting make sense when they say new operations will be needed to fill uranium demand from nuclear power plants will almost double by 2040.

Not to mention that countries which had been less than enthusiastic on nuclear are looking to sanction new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants.There’s a lot of crap down the cheap end of the bourse. There are also some absolute gems that, with a little polishing, could shine.“It’s much easier to get a 10,000 bagger if you […]

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You won’t find this bloke in our bargain barrel, but you will find Uranium stocks. Picture: Getty Images You don’t have to go big to enter the bullish uranium scene. Reach into Stockhead’s bargain barrel for promising stocks with sub-$40m market caps.

Nuclear industry forecasters are more bullish than they’ve been in years, with spot uranium prices hitting a decade high of $US67/lb this week.

On the demand side, there’s a forecasted supply shortfall of about 1.5 billion pounds by 2040.

The World Nuclear Association (WNA) and price reporter Ux Consulting say in bullish reports that new operations will be desperately needed, with uranium demand from nuclear power plants to almost double by 2040.Countries which had been less than enthusiastic on nuclear are looking to approve new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants. For the latest mining news, sign up here […]

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image: Getty Images When russia invaded Ukraine, panic gripped Europe’s nuclear experts—the civilian variety, that is. Ukraine, where 15 reactors relied on Russia for their uranium, rushed to sign an unusually long 12-year deal with Canada. European utilities, also reliant on Russia, drew the maximum they could under other contracts. Most exposed were operators in Finland and eastern Europe that owned Russian-made reactors, which only Russian firms knew how to feed. Finding an American rival that could bundle uranium rods into the hexagonal blocks such plants demand took a year. Now they are searching for the metal needed to restart the atomic Tetris.

Such last-minute procurement of uranium is very rare, notes Per Jander of wmc, a trader. Utilities usually take deliveries two to three years after signing a contract. The scramble is just one illustration of the fallout of the war on a once-sedate market already squeezed by rising […]

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Nuclear industry forecasters are more bullish than they’ve been in years with spot uranium prices hitting a decade high of US$67/lb this week.

On the demand side, there’s a forecasted supply shortfall of approximately 1.5 billion pounds by 2040.

When you take that into consideration, the bullish reports from the World Nuclear Association (WNA) and price reporter Ux Consulting make sense when they say new operations will be needed to fill uranium demand from nuclear power plants will almost double by 2040.

Not to mention that countries which had been less than enthusiastic on nuclear are looking to sanction new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants.There’s a lot of crap down the cheap end of the bourse. There are also some absolute gems that, with a little polishing, could shine.“It’s much easier to get a 10,000 bagger if you […]

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In recent years, Uranium ETFs have seen remarkable growth, leading one analyst to believe that they have the potential to become the next big industry. Eric Balchunas, a senior ETF analyst for Bloomberg, has observed that Uranium ETFs have grown 20 times over the past three years. This surge can be attributed to the rising demand for nuclear energy , which relies on uranium as its source.

Nuclear energy is a valuable source of electricity that is both carbon-free and cost-effective. In fact, in 2020, it accounted for approximately 10% of the world’s total electricity production, surpassing the combined generation from wind and solar sources. As the global need for electricity continues to rise, Balchunas predicts that nuclear power generation will have to significantly increase to meet the world’s net-zero emissions goals. This, in turn, could create a supply deficit in uranium.

From a technical analysis standpoint, the Sprott Uranium Miners […]

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The uranium bulls are up and about. The spot uranium price is up almost 10% since the start of August and is now up 27% so far in 2023. If you have been investing a while, you might be experiencing déjà vu. It’s not the first time in the past decade we have been bombarded with charts showing the case for uranium and an imminent supply shortfall. Plagued by setbacks including the Fukushima disaster in Japan, investors have mostly been disappointed.

This time, though, we think they are right.

Our Forager International Shares Fund has been invested in the Canadian-listed Sprott Physical Uranium Trust (TSX:U.UN) for two years and we think the case remains compelling. Never miss an update

Get the latest insights from me in your inbox when they’re published.After 15 years of next to no investment in uranium mining assets, our view is that the price needs to rise further […]

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It could be the dawn of a right new day for uranium. Picture: Getty Images Uranium prices have had more false dawns than the Gold Coast Suns have since their introduction to the AFL in 2011.

That was the same year Fukushima sent yellowcake on a more-than-half-decade descent into a crushing bear market that knocked all but the major players out, eventually cratering at $US18/lb.

Those prices were so low even the world’s biggest producers were losing money and had to ice operations to survive.

But a portrait of a nuclear renaissance is being painted ever brighter, as spot prices cleared a decade high yet again, touching $US67/lb on Tuesday. For the latest mining news, sign up here for free Stockhead daily newsletters It followed bullish reports from the World Nuclear Association and price reporter Ux Consulting, both of whom think new operations will be needed to fill uranium demand from nuclear […]

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We hear the mood among the 550 delegates at last week’s World Nuclear Symposium in London was positively glowing – and there are good reasons why, given the uranium sector’s gathering momentum.

Supportive factors include dwindling inventories, a coup in uranium-producing Niger and Canadian giant Cameco curtailing guided production due to a lack of qualified operating staff (sounds like our railways).

At 180 million pounds, the uranium inventories of US and European utilities are at their lowest levels since 2008 and these power stations are expected to start buying.

Broker UBS notes the spot uranium price has traded above $US61 ($95) a pound in September – a 12-month high. The firm opines that while there is “much uncertainty on the demand and supply sides,” it expects the price to hit $US70/lb next year.Meanwhile, the West – especially the US – remains scarily dependent on supply from Russia and its ally Kazakhstan.Trade in […]

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Pic: Maja Hitij/Getty Images for World Athletics share

Uranium prices have surged to decade highs of US$66.25/lb

Canadian giant Cameco’s production failings are among the reasons for the recent surge, with higher spot prices cancelling out supply issues to make the C$23.5b company a big winner

We look at three TSX and TSX-V companies who’ve outperformed Cameco’s share price gain in the past 12 months Our Canada Unearthed column wraps the news driving mining and exploration stocks listed in Canada, mostly on the TSX and TSX.V. With the dearth of investment in uranium supply since the Fukushima disaster, a nuclear meltdown which saw Japan shut its 50-strong reactor fleet for years and sent prices to long term lows, the wipeout of marginal pounds has made the role of a handful of major players in the uranium sector more pronounced.The biggest players in the market are Kazakhstan’s Kazatomprom, France’s Areva […]

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Drilling at Kennedy has demonstrated extensive distribution of REE’s in surface clays

Kennedy hosts high-value rare earth elements essential for magnets

Drilling at Nabarlek has intersected high-grade uranium mineralisation across multiple prospects

Second drill rig to be added in light of strong in-fill and extensional results A double win for DevEx Resources as drilling at both the Kennedy ionic clay-hosted rare earths project in Queensland and the Nabarlek uranium project in the NT delivers strong hits. Ionic clay rare earths (REE) deposits are emerging as a credible source of highly sought-after REE globally, especially those used in the energy transition sector.Early work at DevEx Resources’ (ASX:DEV) Kennedy project suggests that the deposit has favourable metallurgical characteristics with leach test work demonstrating rapid recoveries with very low acid consumption and significant scale.At Nabarlek, the company holds a dominant 4,700km 2 tenement package in the Alligator Rivers uranium province – […]

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Uranium has been one of the top-performing commodities this year as the use of nuclear power starts to gain more acceptance, increasing demand for the metal while supply remains constrained.

More such projects are starting to pop up as the world looks for alternative energy sources. In effect, this is causing the metal’s market to grow exponentially and will continue to do so, offering tremendous growth potential despite supply chain complexities and geopolitical factors.

“The nuclear comeback has jolted the $10 billion uranium market after a decade-long bust that deterred mining companies from producing the fuel,” reported the Wall Street Journal . “There are pinch points along the complex supply chain, from mining to enrichment. Some worry that the West will eventually sanction fuel from Russia, the world’s largest enricher of uranium.”

An additional catalyst for higher prices is the West African country of Niger, which accounts for about 5% of the […]

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The days of buying US$40 per pound uranium are over — and also probably at US$50 or US$60, Cameco chief financial officer, Grant Isaac, said over the weekend.

“We’re going to need new supplies,” he added, reflecting the market view now held by the operator of the world’s largest uranium mine, Cigar Lake in Canada.

The world is fast coming to the same conclusion. Invest in the latest ASX IPOs and placements

Last week the uranium price rose by 20% over five trading days. On Thursday alone, it was up 4.95% to US$65.5/lb.Japan gradually restoring its vital nuclear sector, which, before the disaster at Fukushima in 2011 supplied 30% of the country’s electricity is another promising sign.Last Friday, Kansai Electric Power restarted its 50 year old, No. 2 reactor at the Takahama plant. Uranium inventory crunch coming At present, uranium inventories held by US and European utilities are at their lowest levels […]

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VANCOUVER, British Columbia, Sept. 19, 2023 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB: STTDF) (Frankfurt: FWB:9SU) is pleased to announce that it has entered into a letter of intent (“ LOI ”), dated September 18, 2023, with International Sustainable Energy Mining Corp. (the “ Optionee ”), an arms-length private company. Pursuant to the LOI, the Optionee will be granted the option to acquire a 100% interest in the 19,603 hectare Sun Dog Project located along the northwestern edge of the Athabasca Basin, by completing three years of exploration programs and a series of cash and equity payments. The Standard Uranium technical team will be the operator of the Sun Dog exploration programs for the entirety of the three-year program.

Pursuant to the terms of the LOI, the Optionee can acquire the Sun Dog […]

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Offshore oil companies are a smart way to play a continued rally in crude prices, Harris Kupperman said. Suriyapong Thongsawang Commodities have taken off, and Harris Kupperman expects the rallies to continue.

The hedge fund manager said uranium is one of the best investing opportunities he’s ever seen.

Here’s how Kupperman is playing both uranium and oil as they’re poised to climb higher.

Oil and uranium prices have rocketed higher recently, and hedge fund manager Harris Kupperman is confident that both commodities will continue to print money for investors.Energy stocks have soared since their mid-summer lows as crude oil futures rose from $67 per barrel in late June to north of $90 today. Renewed optimism about the economy calmed demand concerns while expectations of the largest oil production cuts since 2007 started to sap supply. Saudi Arabia and its OPEC allies refuse to boost oil production , much to […]

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The Australian market ended higher today with the S&P/ASX 200 finishing up 40.4 points, or 0.57%, to 7,194.3, led by the Materials and Financials sectors.

Materials were trading 1.01% higher after the iron ore price hit a six-month high and iron ore futures in Singapore breached $120 per tonne. Shortly before the close, BHP had risen 1.15% to $44.31, Fortescue Metals 3.78% to $20.34 and Rio Tinto 2.36% to $116.07.

Uranium stocks also rallied following a report from the World Nuclear Association, which forecast strong uranium demand through to 2040. Paladin Energy was up 4.75% this afternoon, while smaller-cap Deep Yellow gained almost 7.7%.

Coal producers were also higher, with Yancoal, Whitehaven and New Hope all up more than 2%. Employment picks up in August After a small drop in July, employment bounced back last month with 64,900 jobs created in August, well above expectations of a gain of 23,000. The unemployment […]

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ASX uranium shares are exploding this year, with three stocks hitting 52-week highs yesterday.

Paladin Energy Ltd ( ASX: PDN ) shares reached a new annual peak of 99 cents on Monday. Their run continues today with the Paladin Energy share price hitting $1.04 in morning trading.

Deep Yellow Limited ( ASX: DYL ) shares hit a high of $1.125.

And uranium micro-cap Devex Resources Ltd ( ASX: DEV ) leapt to 42 cents per share.Last Friday, Boss Energy Ltd ( ASX: BOE ) shares also reached a new 52-week high of $4.48 per share.If we take a 12-month view, these ASX uranium shares have been on a northwards surge since May. Created with Highcharts 10.3.3 Paladin Energy + Deep Yellow + Boss Energy + DevEx Resources Price Oct ’22 Nov ’22 Dec ’22 Jan ’23 Feb ’23 Mar ’23 Apr ’23 May ’23 Jun ’23 Jul ’23 Aug ’23 […]

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A Cameco employee at the uranium mine in Cigar Lake, on Sept. 23, 2015. With its one-time pariah commodity back in vogue, one of Canada’s biggest mining companies is reaching valuations not seen in more than 15 years.

Cameco Corp.

is benefiting from a resurgence in uranium, as nuclear power is increasingly embraced by countries looking for ways to cut carbon emissions and supply concerns arise.

On Monday, the company’s shares closed at $54.54 on the Toronto Stock Exchange, about $5 below their all-time high in 2007.In recent years, the world’s attention has turned to cutting carbon emissions to fight climate change. One of nuclear’s chief selling points is that it generates no CO2 emissions, leading some observers to predict a surge in construction of new power plants, including small modular reactors (SMRs), which are billed as cheaper and easier to build than their larger cousins.Raymond James analyst Brian MacArthur wrote in […]

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Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – After uranium prices surged by nearly 8% in August to over $60 per pound and drove mining stocks to double-digit gains, analysts at Sprott see several reasons why demand for the metal should remain strong for years to come.

“Uranium’s impressive uptick in August set it apart from many other commodities, which faced declines due to the strengthening USD and China’s softening economy,” wrote Jacob White, ETF Product Manager at Sprott Asset Management. “Decade-high uranium contracting levels by utilities, coupled with supply disruptions and risks, are helping to create a robust demand market.” White noted the strong performance for both the metal and the miners in August. “This upward trend in uranium stocks […]

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The Global X Uranium ETF ($URA) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Uranium & Nuclear Components Total Return Index. In this article, we will look at the long term technical outlook using Elliott Wave method. $URA Elliott Wave Chart Monthly Chart

Uranium ETF (URA) Monthly Chart above held up the horizontal support/resistance at $19. The ETF has started to turn higher and should start the next bullish cycle higher. Wave ((II)) ended on March 1, 2020 low at 6.95. Up from there, wave I ended at 31.6 and pullback in wave II ended at 17.65. While pullback stays above 17.65, expect the ETF to continue higher in months and years to come. $URA Daily Elliott Wave Chart

After forming major low at 6.95 on March 2020, ETF (URA) rallied in wave […]

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Source: iStock Uranium stocks are soaring, with Paladin Energy marking a fresh 52-week high

Reporting season winners are continuing to see incremental share price gains

Real estate stocks are struggling, with 6 REITs hitting 52-week lows in the past week

Welcome back to the 52-week Series – A recap of ASX 200 stocks marking yearly highs and lows in the past week. Highs & Lows by Sector Financials: 3 Highs, 1 Low Energy: 2 Highs, 0 lows Technology: 1 High, 0 Lows Discretionary: 1 High, 1 Low Industrials: 1 High, 2 Lows Staples, 1 High, 2 Lows Utilities: 0 Highs, 0 Lows Healthcare: 0 Highs, 3 Lows Real Estate: 0 Highs, 6 Lows Stocks at 52-week highs Ticker Company Name Close Price Sector 1 Year AUB AUB Group $30.33 Financials 48.7% BAP Bapcor $7.07 Discretionary 3.1% BKW Brickworks $27.36 Materials […]

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