Uranium American Resources Announces Official Name Change and Pivots to Uranium and Vanadium Focus

WOODLAND HILLS, CA / ACCESS Newswire / February 4, 2025 / Uranium American Resources, Inc. (formerly Tonogold Resources, Inc., (OTC PINK:TNGL)) is proud to announce a significant milestone in its strategic transition, with the company officially rebranding as Uranium American Resources, Inc. effective immediately. The Company is also in the process of changing its ticker symbol and will update shareholders on this progress. Pending completion of the formal name and ticker update process with FINRA, the Company’s common stock with continue to trade under the old Company and TNGL ticker symbol.

This rebranding marks a pivotal shift in the company’s focus to uranium and vanadium assets, aligning with the growing demand for clean energy solutions and positioning Uranium American Resources as a key player in the U.S. nuclear energy sector.

The company is in the process of acquiring three unique low risk projects located in west central USA known for Historic […]

Can Namibia benefit from uranium?

T he introduction of nuclear technologies could allow Namibia to make an economic leap in a short time. However, this leap requires intensified uranium mining using modern technologies, an area where Namibia’s potential shines brightly.

Namibia’s uranium mines are capable of providing 10% of the world’s production of this raw material. Thanks to this, according to the World Nuclear Association, the country secured second place among global leaders in uranium production in 2023. Despite this vast reserve of environmentally friendly raw materials for electricity generation, Namibia currently covers up to 50% of its electricity needs through imports from South Africa. This problem, however, has a viable solution.

Global energy experts acknowledge the strategic importance of uranium in the transition to clean energy. As Dr Fatih Birol, Executive Director of the International Energy Agency emphasised that countries wish to retain and improve the nuclear option for the future because it is free […]

CanAlaska Uranium posts highest grade at West McArthur

West McArthur mine. Image courtesy of CanAlaska Uranium Ltd “This ultra high-grade intersection at the eastern end of Pike Zone is on an adjacent drill section and remains completely open on strike which is a very exciting outcome from the first few weeks of drilling,” CanAlaska CEO Cory Belyk said in a release.

“The style and grade of uranium mineralization we are encountering at (the) Pike zone continues to be very reminiscent of the nearby giant McArthur River tier one uranium deposit owned by Cameco and Orano.”

West McArthur is about 20 km west of Cameco’s McArthur River mine.

Thursday’s report follows strong drill results last year at Pike, where in October an “ultra high-grade” intersection cut 25.8 metres grading 6.47% U 3 O 8, including 4 metres at 22.78% U 3 O 8 . That was in addition to strong results in September and July. Uranium momentum CanAlaska, which holds 85.97% […]

Toro tweaks WA uranium-vanadium pit design ahead of scoping study

Toro Energy has tweaked the optimised pit design ahead of a scoping study update at its Lake Maitland uranium and vanadium deposit in Western Australia. Credit: File Share to Facebook Email Us Copy the Link Toro Energy has tweaked the planned pit design at its Lake Maitland uranium and vanadium project near Wiluna in Western Australia.

After recently updating its resource, the company is pushing full steam ahead with plans to complete a scoping study update aimed at justifying the deposit as a standalone mining operation.

Four months ago, and due to rapidly improving market conditions for both commodities, the company lowered the resource’s cut off grades to re-estimate the Lake Maitland deposit, without necessarily diluting its future profitability.

As a result, the total inventory of uranium increased by 12 per cent to 29.6 million pounds (mlbs) grading 403 parts per million (ppm) and its vanadium resource increased by an impressive 74pc […]

Uranium American Resources, Inc Announces Official Name Change and Pivots to Uranium and Vanadium Focus

Uranium American Resources, Inc. (formerly Tonogold Resources, OTC PINK:TNGL) has announced its official rebranding, marking a strategic shift towards uranium and vanadium assets. The company is acquiring three projects in the western USA: the Marysvale Project (hardrock uranium and vanadium mine), SKY Project (uranium roll front asset), and Stateline Project (19 historic high-grade mines).

The projects were acquired between 2017-2020 during low uranium prices. Historic estimates indicate over 1Mlb U3O8 at Sky Project and approximately 2.9Mlb U3O8 at Marysvale. Over 80% of historical convertible noteholders have supported this transition by converting their notes to equity at $0.10 per share. The company is currently working on changing its ticker symbol, though it will continue trading as TNGL until FINRA processes are complete.

Positive Strong shareholder support with 80% of noteholders converting to equity at $0.10/share

Portfolio includes three historic uranium/vanadium production sites Historic estimates show significant uranium resources (>1Mlb U3O8 at Sky […]

Taking an energy leap: Can Namibia benefit from uranium?

By Tueripura Mundingi.

The introduction of nuclear technologies could allow Namibia to make an economic leap in a short time. However, this leap requires intensified uranium mining using modern technologies, an area where Namibia’s potential shines brightly.

Namibia’s uranium mines are capable of providing 10% of the world’s production of this raw material. Thanks to this, according to the World Nuclear Association, the country secured second place among global leaders in uranium production in 2023. Despite this vast reserve of environmentally friendly raw materials for electricity generation, Namibia currently covers up to 50% of its electricity needs through imports from South Africa. This problem, however, has a viable solution.

Global energy experts acknowledge the strategic importance of uranium in the transition to clean energy. As Dr Fatih Birol, Executive Director of the International Energy Agency emphasised that countries wish to retain and improve the nuclear option for the future because it is […]

What’s going on with the uranium market?

What’s going on with the uranium market? �

This is the question many uranium investors, as well as investors peering in from the sidelines, are pondering. 2024 promised so much, but in the end and until the present, delivered very little.

The spot price of uranium reached a 17-year high of US$110/lb last January before retreating to just over US$68/lb last week. It’s bounced a little since then, now trading closer to US$71/lb. Still, when one considers this is roughly three times the price it started the current decade at, it’s not all bad. Never miss an update

Get the latest insights from me in your inbox when they’re published. Uranium Futures (Front month, back-adjusted) COMEX price since 2020 The fundamentals for the uranium price remain strong, according to diehard investors. One investor that is choosing to keep the faith is Canaccord Genuity. In a new research report released this week, they […]

Toro tweaks WA uranium-vanadium pit design ahead of scoping study

Toro Energy has tweaked the planned pit design at its Lake Maitland uranium and vanadium project near Wiluna in Western Australia. After recently updating its resource, the company is pushing full steam ahead with plans to complete a scoping study update aimed at justifying the deposit as a standalone mining operation. Toro Energy has tweaked the optimised pit design ahead of a scoping study update at its Lake Maitland uranium and vanadium deposit in Western Australia. Toro Energy has tweaked the planned pit design at its Lake Maitland uranium and vanadium project near Wiluna in Western Australia.

After recently updating its resource, the company is pushing full steam ahead with plans to complete a scoping study update aimed at justifying the deposit as a standalone mining operation.

Four months ago, and due to rapidly improving market conditions for both commodities, the company lowered the resource’s cut off grades to re-estimate the […]

Raymond James sets Outperform rating on Uranium Royalty stock

On Wednesday, Raymond (NSE: RYMD ) James initiated coverage on Uranium Royalty Corp . (TSX: URC :CN) (NASDAQ: UROY), currently trading at $2.43, assigning an Outperform rating and setting a price target of C$3.75. The firm’s analyst, Brian MacArthur, highlighted the company as the largest publicly traded uranium-focused royalty company, offering investors diversified exposure to uranium commodity prices with limited downside risk. According to InvestingPro data, analyst targets range from $3.53 to $7.72, suggesting significant upside potential.

Uranium Royalty Corp. was recognized for its unique position in the market, with a business model that provides a hedge against operating and capital costs. The analyst underscored the company’s potential for exploration and asset expansion, which could further enhance its value. InvestingPro analysis supports this view, assigning the company a "GOOD" Financial Health score, with particularly strong marks in growth and profitability metrics.

The positive outlook on uranium, according to Raymond James, is […]

NexGen nearing deals to sell more uranium to U.S. utilities, CEO says

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(1min) Liens/iStock via Getty Images NexGen Energy (NYSE: NXE ) is in advanced talks with several U.S. nuclear utilities to sell more uranium from a $1.6B mine it plans to build in Saskatchewan, CEO Leigh Curyer told Bloomberg in an interview on Wednesday, despite escalating trade tensions between

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What’s going on with the uranium market?

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MktCap:

MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:- har MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:-MktCap:- Commodities in article Uranium Share article Facebook X LinkedIn Copy Link Key Points ASX uranium stocks like Boss Energy (BOE), Paladin Energy (PDN), Deep Yellow (DYL), Bannerman Energy (BMN), and Silex Systems (SLX) have struggled since the uranium price peaked in early 2024. The DeepSeek news last week caused a sharp drop in uranium stock prices on fears its lower energy intensity could trigger more energy efficient AI applications, and therefore lower industry energy usage down the track. Despite short term setbacks, the fundamentals for uranium appear to be strong, with growing demand and limited scope for production increases. We investigate what’s going on with the uranium market now, and potentially down the track. What’s going on with the uranium market? �This is the question many uranium investors, as well as investors peering in from the sidelines, are […]

Nothing cryptic in Aruma’s approach to Cypher prospect

Aruma Resources copper uranium Uranium

WRITTEN BY Aaliyah Rogan

Aruma Resources (ASX:AAJ) is designing and planning for a phase one exploration program at the Cypher uranium prospect within the Wilan Iron Oxide Copper Gold (IOCG) Project in South Australia.

The program will include a close-spaced aerial radiometric survey aimed at refining the existing Cypher prospect radiometric anomaly, which will be followed by ground-based passive seismic surveying.Aruma says this will aim to delineate the interface between the base of the paleochannel and the top of the underlying bedrock.Once completed, soil sampling campaigns will be conducted which will include a comprehensive suite of elements to support pathfinder geochemical vectoring for conforming targets for a planned drilling program, subject to exploration results.Further, ground-based exploration is planned to begin once all stakeholders and heritage approvals processes have been completed which is expected in late Q2 2025.The company is also advancing stages of […]

Snow Lake Announces Major Strategic Partnership to Lead North American Nuclear Renaissance with Domestic Production Strategy

Snow Lake Resources (NASDAQ: LITM) has formed a strategic partnership with Exodys Energy , a US nuclear engineering services firm, to explore opportunities in the $500+ billion nuclear energy sector. The collaboration aims to strengthen North American energy independence and aligns with the US critical mineral strategy.

Exodys specializes in nuclear fuel recycling solutions and brings extensive experience in reactor development and fuel lifecycle management. Their team has previously secured over $200 million in strategic support and has expertise in managing fuel recycling processes and constructing R&D facilities.

The partnership will focus on analyzing the balance between natural and recycled uranium in current reactors, advancing Snow Lake’s uranium projects including Phase 2 drilling at Engo Valley and Black Lake Uranium Projects, and assessing the development of advanced reactor technologies for various energy applications including data centers and mining operations.

Positive Strategic partnership positions LITM in the $500+ billion nuclear energy sector Access […]

Myriad Uranium Enters into Option to Acquire 100% of the Red Basin Uranium Project in New Mexico, USA

Vancouver, British Columbia–(Newsfile Corp. – February 4, 2025) – Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (" Myriad " or the " Company ") is pleased to announce that it has entered into a property option agreement dated as of January 30, 2025 (the "Option Agreement") with First American Uranium Inc. ("First American"; CSE: URM) and its 60%-owned subsidiary, FirstAmerican Energy Fuels Ltd. (the "Optionor"), pursuant to which Myriad has the option (the "Option") to earn a 100% interest in and to the First American Red Basin Uranium Project (the "Project" or the "Red Basin Project"), comprised of 86 lode claims in the Red Basin area of the Datil Mountains – Pietown Uranium District, Catron County, New Mexico, USA covering approximately 1,776 acres (approximately 719 hectares). As more fully detailed below, consideration is comprised of cash and share payments aggregating C$525,000 which will be made immediately. The […]

Uranium Week: Tariffs & DeepSeek Worries

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

January ended on a slow note as Canadian import tariffs and DeepSeek disruption concerns weighed on buyer sentiment

-U308 market deflates
-Canada tariffs a hot potato
-What the brokers are saying -Short positions grow in Australian uranium stocks Macro concerns undermine buying interest The U3O8 spot price market was not immune to the tariff whims of President Trump and the technology sell-off on the back of China’s DeepSeek revelation, causing consternation around the investment spend on nuclear energy to power data centres.On January 27, industry consultants TradeTech noted the U3O8 spot price fell to US$67/lb with confirmation US import tariffs would be imposed on China, Canada, and Mexico.At day end, deals were recorded at US$72/lb for delivery in the US, while material for delivery outside of the US was available at US$69.75/lb.TradeTech […]

Nuclear energy on the verge of a global comeback

Interest in nuclear energy is now greater than it has been since the 1970s and the oil crisis. According to the IEA, more than 40 countries want to expand nuclear energy. And the demand for electricity is not only increasing in traditional areas such as industry, but also in new sectors that urgently need electricity. These include electromobility, data centers and artificial intelligence. By 2030, it is predicted that artificial intelligence alone will require more than 200 TWh of additional electricity. There are around 420 reactors on the grid worldwide and they are expected to generate a new peak in energy production this year. Technology companies such as Microsoft are investing in nuclear energy. Small modular reactors are particularly in the spotlight. Thus, net-zero targets and modern technologies are creating unprecedented demand for uranium. The USA produces the most nuclear energy, around 30 percent of global production. Canada exports […]

Uranium Energy Corp. (UEC) Stock Trading Recap

TD Securities has recently initiated Uranium Energy Corp. (UEC) stock to Speculative Buy rating, as announced on September 13, 2023, according to Finviz . Earlier, on June 13, 2022, Canaccord Genuity had raised the stock from a Hold to Speculative Buy. Canaccord Genuity also reduced Hold rating. Additionally, Canaccord Genuity initiated Speculative Buy rating on October 14, 2020, with a target price of $1.50. ROTH Capital analysts, in their report published on October 25, 2017, also initiated Buy rating and set a price target of $3 for Uranium Energy Corp.’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

On Sunday, Uranium Energy Corp. (UEC) stock saw a decline, ending the day at $7.06 which represents a decrease of $-0.21 or -2.89% from the prior close of $7.27. The stock opened at $7.27 and touched a low of $7 during […]

Riggs Asset Managment Co. Inc. Buys 91,665 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Uranium Energy logo with Basic Materials background Riggs Asset Managment Co. Inc. raised its position in shares of Uranium Energy Corp. ( NYSEAMERICAN:UEC – Free Report ) by 113.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,386 shares of the basic materials company’s stock after buying an additional 91,665 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in Uranium Energy were worth $1,184,000 at the end of the most recent quarter.

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Other institutional investors and hedge funds have also made changes to their positions in the company. Stonehage Fleming Financial Services Holdings Ltd increased its position in Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 1,370 shares during the […]

Trump order boosts nuclear energy but kinks remain

Nuclear power is enjoying a renewed push thanks to its ability to provide climate-friendly, stable, baseload power. Credit: Abobe/TTstudio Doing so would unlock federal funding and accelerate permitting for uranium projects in the US, where uranium production has been growing slightly since the uranium oxide (U 3 O 8 ) spot price hit $106 per lb. early last year. Companies such as Energy Fuels (NYSE: UUUU; TSX: EFR), Uranium Energy (NYSE-AM: UEC) and Cameco (TSX: CCO; NYSE: CCJ) could benefit.

Though the price has drifted down to the current level of $71 per lb., it still sits higher than it did in the decade after the Fukushima disaster

Meanwhile, demand for nuclear is rising amid strong interest in zero-emissions energy and as a source for power-hungry artificial intelligence servers. Politics meets supply

But the rising demand makes for some awkward friction with Trump’s ‘America First’ sentiment, focused on procuring domestic sources […]

Lotus Resources finalises additional uranium offtake agreement with PSEG Nuclear

The new uranium offtake agreement covers the period from 2026 to the end of 2032. Credit: RHJPhtotos/Shutterstock. Lotus Resources (Lotus) has announced the signing of a new term sheet for triuranium octoxide (U3O8) sales with North American utility PSEG Nuclear, a subsidiary of Public Sector Enterprise Group based in Newark, New Jersey, US.

The new agreement, along with prior deals, secures the sale of at least 2.3 million pounds (mlb) and potentially up to 2.6mlb of uranium from the Kayelekera Uranium Project in Malawi, covering the period from 2026 to the end of 2032.

The contract pricing reflects ongoing competitive negotiations and is designed to ensure strong margins, including for any additional U3O8 quantities sold.

An annual fixed-price escalation percentage will be applied from the delivery date.Lotus managing director Greg Bittar said: “Each sales contract, coupled with our strong capitalisation and liquidity comprising circa $135m in cash and undrawn facilities, mark terrific […]

Uranium Market to grow by USD 1.99 Billion from 2024-2028, driven by increased use in nuclear weapons, Report on how AI is redefining the market landscape – Technavio

NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global uranium market size is estimated to grow by USD 1.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.09% during the forecast period. Rise in adoption of uranium in nuclear weapons is driving market growth, with a trend towards rise in adoption of nuclear reactors. However, high initial and production cost of uranium poses a challenge. Key market players include A Cap Energy Ltd., Altius Minerals Corp., Aurora Energy Metals, Berkeley Energia Ltd., Cameco Corp., CGN Mining Co. Ltd., China National Nuclear Corp., Deep Yellow Ltd., Denison Mines Corp., Energy Fuels Inc., Fission Uranium Corp., NAC Kazatomprom JSC, Orano, Paladin Energy Ltd., Peninsula Energy Ltd., Rio Tinto Ltd., State Atomic Energy Corp. Rosatom, State Enterprise Eastern Mining and Processing Plant, Sumitomo Corp., and Uranium […]

Uranium Is the Power Behind These 5 Nuclear Energy ETFs

Nuclear energy ETFs, such as the VanEck Uranium and Nuclear ETF (NLR) and the Range Nuclear Renaissance Index ETF (NUKZ) , have garnered significant attention and performed well lately, driven by a global pivot toward clean energy and energy security.

Year-to-date, all seven U.S.-traded nuclear energy exchange-traded funds are outperforming the broader stock market, with gains ranging from 11% to 25%, compared to 4% for the SPDR S&P 500 ETF Trust (SPY) .

As countries strive to achieve net-zero carbon emissions, nuclear power is increasingly seen as a critical solution for providing reliable, low-carbon energy.

President Trump’s choice of Chris Wright as energy secretary shows promise for the continued growth of nuclear power. Although he is a longtime natural gas executive, Wright sits on the board of directors of startup Oklo, which is developing an advanced reactor design, reports financial data and analytics firm S&P Global.Additionally, the energy crisis in Europe and […]

Pioneer breaks into US, Namibia uranium

Pioneer Lithium Skull Creek Uranium Project 31 January, 2025

M&A

WRITTEN BY Aaliyah Rogan

Pioneer Lithium (ASX:PLN) has entered into binding agreements to purchase two uranium projects, Skull Creek and Warmbad, in the US and Namibia, respectively.These acquisitions broaden the company’s critical energy minerals portfolio with exploration and development potential in uranium-friendly jurisdictions.Skull Creek, located in Colorado, hosts uranium mineralisation within the Sego Sandstone formation with a focus on a 17km strike on the northern limb of the Red Wash Syncline. Warmbad, located in southern Namibia, has multiple high-priority targets with uranium mineralisation in granitic rocks.Under the agreement, Pioneer will purchase Lia Energy Corporation, which owns the Skull Creek Project, for $650,000 cash and 2.75 million shares at $0.20 per share.The company will also pay a deferred consideration of $1 million in cash upon announcing a resource estimate of at least 30 million pounds of uranium ore […]

Uranium Sector Heating Up In 2025 Despite A DeepSeek Cooldown

After a breakthrough in early 2024, when uranium prices surged above $100 per pound, the market experienced consolidation in late 2024, with prices stabilizing around $75–$80 per pound.

However, nuclear energy’s role as a zero-carbon alternative drives the need for more uranium, pushing governments and businesses to prioritize nuclear energy sources .

As uranium prices rallied to levels not seen since 2011, companies sought to secure resources and expand production capabilities. Paladin Energy’s

PALAF-6.14% + Free Alerts$846 million acquisition of Fission Uranium strengthened its position in Saskatchewan, Canada’s top uranium-producing province. Paladin also successfully restarted its Langer Heinrich mine in Namibia, achieving commercial production.Other significant deals included IsoEnergy’s ISENF + Free Alertsacquisition of Anfield Energy , which expanded its uranium reserves to 17 million pounds of measured and indicated resources, positioning the company as a key player in the U.S. market. Additionally, Uranium Energy Corp . resumed operations at […]

Lotus Resources finalises additional uranium offtake agreement with PSEG Nuclear

The new uranium offtake agreement covers the period from 2026 to the end of 2032. Credit: RHJPhtotos/Shutterstock. Lotus Resources (Lotus) has announced the signing of a new term sheet for triuranium octoxide (U3O8) sales with North American utility PSEG Nuclear, a subsidiary of Public Sector Enterprise Group based in Newark, New Jersey, US.

The new agreement, along with prior deals, secures the sale of at least 2.3 million pounds (mlb) and potentially up to 2.6mlb of uranium from the Kayelekera Uranium Project in Malawi, covering the period from 2026 to the end of 2032.

The contract pricing reflects ongoing competitive negotiations and is designed to ensure strong margins, including for any additional U3O8 quantities sold.

An annual fixed-price escalation percentage will be applied from the delivery date.Lotus managing director Greg Bittar said: “Each sales contract, coupled with our strong capitalisation and liquidity comprising circa $135m in cash and undrawn facilities, mark terrific […]