Tag: uranium

Any sanctions against Russian uranium will only widen an already existing supply deficit as the world looks to nuclear energy as a “green” alternative.

-No word yet on uranium sanctions
-Sprott looks to list in New York
– Quieter week in the spot market

US and European Union economic sanctions against Russia have yet to formally include nuclear fuel imports, but the uranium market is making the assumption some type of restriction, that would allow sufficient time for utilities to secure alternative supplies, is inevitable.The risk that sanctions could be imposed is placing ever greater pressure on utilities to lock in commitments with existing suppliers or emerging suppliers that are perceived to present less jurisdictional, supply chain, and transportation risks, industry consultant TradeTech reports.This is exerting even more pressure on the market and sellers are responding by actively raising their offer prices or seeking long-term contracts that will protect […]

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Global Atomic Corporation is pleased to report the latest corporate developments including drilling results and project financing progress. Stephen G. Roman President and CEO commented, "Global Atomic continues to move forward on developing and expanding the Dasa Project. The recent drilling continues to enhance what is already the largest, highest-grade uranium deposit under development in Africa. We continue …

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to report the latest corporate developments including drilling results and project financing progress.

Stephen G. Roman , President and CEO commented, "Global Atomic continues to move forward on developing and expanding the Dasa Project. The recent drilling continues to enhance what is already the largest, highest-grade uranium deposit under development in Africa. We continue to receive confirmation for new mining equipment to be delivered concurrent with the start-up of our underground development in Q4, and now, […]

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In connection with the closing of the Private Placement, the Company has paid Red Cloud cash commissions in the aggregate amount of C$210,008.40 and issued to Red Cloud 1,500,060 non-transferrable compensation warrants (" Broker Warrants "), with each Broker Warrant exercisable to purchase one common share of the Company at a price of C$0.14 per share for a term of 24 months following the closing date.

The gross proceeds from the sale of Flow-Through Shares will be used for the exploration and advancement of the Company’s projects in the Athabasca Basin in Saskatchewan and will be used to incur "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Income Tax Act. Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2022, in the aggregate amount of […]

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Skyharbour Resources Ltd Vancouver, BC, April 18, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”), is pleased to announce its exploration plan for its Phase 1 program at the Mann Lake uranium project in Saskatchewan’s prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Mann Lake Uranium Project
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

Highlights : Camp construction complete and mobilization underway
Minimum $3.5 million program for 2022 comprised of drilling and geophysics in multiple phases throughout 2022 Moving loop EM and gravity surveys will target fertile ground to the southwest of previous geophysics and will provide a more complete geophysical […]

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Close-up of keyboard of Computer Assisted Trading System (CATS) developed by the TSX which went live in 1977. Image: TSX The Ukraine war lit a fire under an already hot potash market, coal and uranium benefitted from the ongoing worldwide energy crunch, lithium soared and cobalt bolted . Gold pierced $2,000 but couldn’t hold it and palladium hit a record only to pull back sharply. Rising tide

Investors made the most of the turmoil with the MINING.COM TOP 50* ranking of the world’s most valuable miners jumping by $335 billion in Q1, extending a trend that has seen valuations balloon nearly 150% since the lows of March-April 2020.

From just over $700 billion at the depth of pandemic slump, the globe’s 50 most valuable mining companies now have a combined worth of $1.75 trillion, handily beating the previous record valuation set mid-2021.

The index received a boost from the merger, […]

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“ The new report by Global Market Vision titled, ‘Global Nuclear Fuels Market Report and Forecast 2022-2029’, gives an in-depth analysis of the global Nuclear Fuels market, assessing the market based on its segments like its components, applications, deployment type and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Complete the form to Get Sample Report + All Related Graphs & Charts @ : https://globalmarketvision.com/sample_request/148180

Key Competitors of the Global Nuclear Fuels Market are:

ARMZ Uranium Holding Company, Cameco, Energy Resources of Australia, BHP Billiton, Canalaska Uranium, KazAtomProm, Berkeley Energia, Globex Mining Enterprises, International Montoro Resources, China National Nuclear Corporation, Japan, Oil, Gas and Metals National Corporation, CGN, Denison […]

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Vancouver, BC, April 18, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. ’s ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company, Basin Uranium Corp. (“Basin Uranium”), is pleased to announce its exploration plan for its Phase 1 program at the Mann Lake uranium project in Saskatchewan’s prolific Athabasca Basin. The Mann Lake project is located 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco’s Millennium uranium deposit.

Mann Lake Uranium Project
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

Highlights : Camp construction complete and mobilization underway
Minimum $3.5 million program for 2022 comprised of drilling and geophysics in multiple phases throughout 2022 Moving loop EM and gravity surveys will target fertile ground to the southwest of previous geophysics and will provide a more complete geophysical picture to guide exploration […]

Click here to view original web page at www.globenewswire.com

→ How to profit from the new boom in gold (Ad)

Global Crossing Airlines Group ( OTCMKTS:JETMF – Get Rating ) and Energy Fuels ( NYSE:UUUU – Get Rating ) are both small-cap transportation companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, valuation, risk, analyst recommendations, profitability, dividends and earnings.

Earnings and Valuation

This table compares Global Crossing Airlines Group and Energy Fuels’ revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Global Crossing Airlines Group $14.29 million 3.87 -$19.82 million ($0.38) -2.84 Energy Fuels $3.18 million 527.29 $1.54 million $0.02 535.00 What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on […]

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→ How to profit from the new boom in gold (Ad) Centrus Energy Centrus Energy Corp. ( NYSEAMERICAN:LEU – Get Rating ) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 627,200 shares, a drop of 28.0% from the March 15th total of 871,100 shares. Based on an average daily volume of 224,400 shares, the days-to-cover ratio is presently 2.8 days. Currently, 5.9% of the company’s shares are short sold.

In other news, CEO Daniel B. Poneman sold 12,000 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $44.09, for a total value of $529,080.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website . Over the last 90 days, insiders sold 36,000 shares of company stock worth […]

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By Rod Blake

‘That’s a Wrap’

Mentally weary investors, traders, brokers and portfolio managers looked forward to this shortened Easter week in the markets, which gave us the following highlights –

Early in the week crude oil fell $3.04 to new 6-week low of US$94.43/bbl and then later rebounded up to US$106.60 Natural gas soared to a new 14-year high of US$7.32/mmbtus .Vancouver based Mexican miner Endeavour Silver Corp. ‘EDR-T’ & ‘EXK-N’ announced a 1 st -quarter silver production increase of 25 % year-over-year to 1.3-million ounces .No sooner had Canadian Prime Minister Justin Trudeau stated that “Nuclear’s on the table, absolutely” for the country to meet its future electricity needs – then Canadian uranium giant Cameco Corporation’s. ‘CCO-T’ & ‘CCJ-N’ shares rose to a new 11-year high of C$39.81 .With what could further disrupt the global supply chain issues – it was reported that with China’s current Covid-19 lockdowns – […]

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Written by Summary

Acquire assets that provide power, such as hydrocarbons and uranium-based nuclear power. Uranium and oil services appear to be breaking out.

Robotics and droids should go without saying, but primary focus should be on their battery systems. Capitulation appears imminent, at which point we strike.

Invest in defensive technology, including space, hypersonic rockets, and energy weapons, but wait for LMT’s earnings report this week. fdastudillo/iStock via Getty Images The Sith investor does like to keep things simple, and it is mostly about power. Ideally unlimited power, but there are also multitudes of overlapping spheres of influence, and the ability to make a show of force. In 2022, the Sith investor jumps into the dark pools of the market in order to amass hydrocarbons, uranium, droids, and space-age weaponry. Power The oneness of the universe appears undeniable to the Sith investor. Hydrocarbons are not hated or shunned. […]

Click here to view original web page at seekingalpha.com

Stock image. As a result, after strong growth in 2021, Adams thinks that the base metals sector will now see an average quarterly EBITDA decrease of about 14%.

Speaking to The Northern Miner , Adams said he has concerns about the impact of the Russia-Ukraine conflict on the sector.

“The war will likely dampen consumption of many base metals as [supply] chains are interrupted. Russia is a big player and it‘s not like others can quickly fill the gap,” he said. “And this creates concerns. Couple that with the ‘r’ word [recession], and the impact on earnings for base metals could be significant.”

With global inflation currently exceeding what most expected, plus a war in Ukraine reducing Russia’s exports and then the added recent lockdowns in China that have shuttered parts of its domestic and international markets, the once staid base metals sector is facing challenges it has never seen.However, while these […]

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" The Chinese use two brush strokes to write the word ‘crisis.’ One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger–but recognize the opportunity ." – John F. Kennedy

The market has been dominated in recent months about worries about surging prices, the beginning of aggressive monetary tightening by the Federal Reserve to squash inflation, and the conflict in Ukraine. These concerns have pummeled many sectors of the market including homebuilders, transportation stocks, as well as electric vehicle concerns among myriad others.

However, there are few parts of market that should prosper from these developments. While rising interest rates are not good for the housing market and an inverted yield curve is a negative for banks, it is a positive for insurers who will get higher yields from their credit portfolios. With the average 30-year mortgage rate above 5% for the first […]

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Skyharbour Resources Ltd Vancouver, BC, April 11, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Valor Resources Limited (“Valor”) is pleased to announce that its maiden drilling program at the Hook Lake Uranium Project has been completed. The drilling program comprised eight drill holes for 1,757m, with six holes at the S-Zone target and two at the V-Grid target.

Hook Lake (Formally North Falcon Point) Project: https://www.skyharbourltd.com/_resources/maps/Sky_HookLake_20211209.jpg

Highlights: Elevated radioactivity and alteration zones encountered in several holes at S-Zone target, assays pending for all drill holes

Uraninite mineralization recorded in drill hole DDHL22-002 at S-Zone within a 3.5m sub-vertical zone of elevated radioactivity and alteration Airborne gravity survey to commence at Hook Lake in May to refine and identify new drill targets Next phase of exploration programs for Hook Lake currently being planned […]

Click here to view original web page at finance.yahoo.com

Purepoint Uranium Group Inc. has announced the closing of its brokered private placement previously announced on March 14, 2022, with Red Cloud Securities Inc. pursuant to which Red Cloud acted as lead agent and sole bookrunner. In connection with the closing, the Company issued 25,001,000 flow-through units at a price of C$0.14 per FT Unit for aggregate gross proceeds of C$3,500,140. Each FT Unit consists of one …

Purepoint Uranium Group Inc. ( TSXV: PTU ) ("Purepoint" or the "Company") has announced the closing of its brokered private placement (the "Private Placement") previously announced on March 14, 2022, with Red Cloud Securities Inc. ("Red Cloud") pursuant to which Red Cloud acted as lead agent and sole bookrunner. In connection with the closing, the Company issued 25,001,000 flow-through units ("FT Units") at a price of C$0.14 per FT Unit for aggregate gross proceeds of C$3,500,140. Each FT Unit consists of […]

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Palm Beach, FL – April 14, 2022 – FinancialNewsMedia.com News Commentary – Uranium prices have spiked 50% this year and are set to climb further on stockpiling Bank of America (BofA) says, according to an recent article in Market Business Insider. Uranium prices have soared 50% this year and look set to climb even more, Bank of America said last week. The investment bank raised its uranium price estimates for 2022 through 2027 by 20% on average. The article said that the uranium supply has contributed to this year’s surge in prices for the nuclear-energy element and Bank of America in adjusting its price outlooks foresees further gains. It continued saying that:“Uranium spot prices have climbed 50% year-to-date in hitting $63.60 a pound, with most of that gain — 47% — taking place since… late February, the investment bank said in […]

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A multinational mining company says it remains committed to a controversial uranium project in WA, despite the state government declining to extend its environmental approval.

Canada-based Cameco Corporation spent US$430 million acquiring the Yeelirrie uranium deposit, near Wiluna in the northern Goldfields, in 2012.

It is one of the largest uranium deposits in the country.

Earlier this year, the project’s approval expired due to a failure to commence work.Last week, WA Environment Minister Reece Whitby denied the firm’s application to have the approval extended. Relief for traditional owners and conservationists The Conservation Council of WA and Tjiwarl traditional owners welcomed that decision, after 50 years of campaigning against the project.Traditional owner Vicky Abdullah said it meant a "threat" was over. "It was a bad decision in the first place and after years in court and fighting to defend our country this news is a great relief," Ms Abdullah said. Other conservationists also […]

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Vicky Abdullah on her traditional land in the northern Goldfields.(ABC News: Rhiannon Stevens) A multinational mining company says it remains committed to a controversial uranium project in WA, despite the state government declining to extend its environmental approval. Key points:

The WA Environment Minister has rejected an application to extend approval for a uranium mine near Wiluna

Traditional owners and conservationists say the decision is a relief, after half a century of opposition

The company says it is still determined to bring the project forward in the future Canada-based Cameco Corporation spent US$430 million acquiring the Yeelirrie uranium deposit, near Wiluna in the northern Goldfields, in 2012.It is one of the largest uranium deposits in the country.Earlier this year, the project’s approval expired due to a failure to commence work. Yeelirrie, near Wiluna, is the site of Australia’s largest uranium deposit.(ABC News) Last week, WA Environment Minister Reece Whitby […]

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