Tag: uranium

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 ) – Athabasca Basin-focused uranium explorer ATHA Energy (CSE: SASK) announced today it has entered into agreements to acquire all of the issued and outstanding shares of fellow uranium explorers Latitude Uranium (CSE: LUR) and 92 Energy (ASX: 92E).

The company said that under the terms of the definitive arrangement with Latitude, Latitude shareholders will receive 0.2769 of a common share of ATHA for each Latitude share held, which implies consideration per Latitude share of C$0.28, representing a 68% premium to Latitude’s closing price on December 6, 2023.

ATHA added that under the terms of the binding scheme implementation deed with 92 Energy, 92 Energy shareholders will, conditional on the 92E scheme becoming effective, receive 0.5834 […]

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TORONTO, Dec. 07, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium” or “LUR”) (CSE: LUR) (OTCQB: LURAF) (FRA: EI1) is pleased to announced that today it has entered into a definitive arrangement agreement (the “ Arrangement Agreement ”) with ATHA Energy Corp. ( CSE: SASK ) ( OTCQB: SASKF ) ( FRA: X5U ) (“ ATHA ”) pursuant to which ATHA will acquire all of the issued and outstanding common shares of Latitude (the “ Latitude Shares ”) by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”).

Under the terms of the Latitude Arrangement, Latitude shareholders (the “ Latitude Shareholders ”) will receive 0.2769 of a common share of ATHA (each whole share, an “ ATHA Share ”) for each Latitude Share held (the “ Latitude Exchange Ratio ”). The Latitude Exchange Ratio was determined giving consideration to recent average […]

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VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it will conduct a non-brokered private placement for up to 40,000,000 Units at a price of $0.065 per Unit, for a total equity raise of up to $2,600,000 (“the Offering”). Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.10 for a period of twenty-four (24) months.

Finders’ fees may be paid in certain circumstances. The foregoing is subject to regulatory approval. All securities to be issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.

The proceeds from the private placement will be used for the funding of the Company’s Radioactive Materials […]

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Nuclear power is an indispensable component of a carbon-neutral energy future

As a result, uranium demand set to grow in the coming years

Which stocks in the sector could benefit the most?

Missed out on Black Friday? Secure your up to 60% discount on InvestingPro subscriptions with our extended Cyber Monday sale. As the world increasingly adopts cleaner energy solutions, the demand for uranium is on the rise and is expected to persist in the years to come.Therefore, Investing in stocks related to uranium presents a distinctive opportunity for clean energy and sustainable investments.This is particularly significant as uranium serves as a key component in nuclear power generation, playing a crucial role in the current global energy mix.For instance, the price of Uranium has surged by over 60% since the start of the year, with a substantial portion of this increase observed in the last 7 months. Source: […]

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Toronto, Ontario and Nucla, Colorado, Dec. 04, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce that it has entered into an agency agreement with A.G.P. Canada Investment ULC (" A.G.P. Canada ") pursuant to which A.G.P. Canada will act as sole agent and bookrunner for the Company on a “best efforts” agency basis in connection with a brokered private placement financing of up to 5,215,828 units at a price of Cdn$1.39 per unit for aggregate gross proceeds of up to Cdn$7,250,000 (the “ Offering ”). Each unit to be placed in the Offering (each, a “ Unit ”) will be comprised of one common share and one half of one common share purchase warrant, each whole warrant being exercisable for one common share of the Company at a price of Cdn$1.88 per […]

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Yellow Cake Sharecast graphic / Josh White Uranium investor Yellow Cake reported physical uranium holdings of 20.16 million pounds in its interim report on Wednesday, up from 18.81 million pounds. FTSE AIM 100

3,436.78

13:10 06/12/23

n/an/a FTSE AIM All-Share 717.31 13:10 06/12/23n/an/a Industrial Metals & Mining 6,607.45 13:09 06/12/23The AIM-traded firm also noted a 45.1% increase in the spot price of triuranium octoxide, rising from $50.65 per pound to $73.50.As a result, the value of its holdings surged from $952.5m on 31 March to $1.48bn by 30 September.Yellow Cake’s net asset value also grew substantially, rising from $1.04bn to $1.49bn over the same period.The net asset value per share increased from 423p to 618p.Regarding profitability, Yellow Cake reported a profit after tax for the half-year of $458.8m, swinging from a loss of $145.5m in the same period in 2022.The company said it executed its […]

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Toronto, Ontario and Nucla, Colorado, Dec. 04, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce that it has entered into an agency agreement with A.G.P. Canada Investment ULC (" A.G.P. Canada ") pursuant to which A.G.P. Canada will act as sole agent and bookrunner for the Company on a “best efforts” agency basis in connection with a brokered private placement financing of up to 5,215,828 units at a price of Cdn$1.39 per unit for aggregate gross proceeds of up to Cdn$7,250,000 (the “ Offering ”). Each unit to be placed in the Offering (each, a “ Unit ”) will be comprised of one common share and one half of one common share purchase warrant, each whole warrant being exercisable for one common share of the Company at a price of Cdn$1.88 per […]

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SASKATOON, Saskatchewan and TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) — IsoEnergy Ltd. (“ IsoEnergy”) (TSXV: ISO; OTCQX: ISENF) and Consolidated Uranium Inc. (“Consolidated Uranium” or “CUR”) (TSXV: CUR; OTCQX: CURUF) are pleased to announce the successful completion of the previously announced arrangement (the “ Arrangement ” or the “ Merger ”) whereby IsoEnergy has acquired all of the issued and outstanding common shares of Consolidated Uranium (the “ CUR Shares ”).

The Arrangement results in IsoEnergy acquiring 100% of the CUR Shares not already held by IsoEnergy or its affiliates and Consolidated Uranium becoming a wholly owned subsidiary of IsoEnergy. Pursuant to the Arrangement, Consolidated Uranium shareholders (the “ CUR Shareholders ”) received 0.500 common shares of IsoEnergy (each whole share, an “ IsoEnergy Share ”) for each CUR Share held. In aggregate, IsoEnergy issued approximately 52,164,727 million IsoEnergy Shares under the Arrangement.

In addition, each of the escrow release conditions […]

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Commodities Corner

Weekly uranium prices would still need to rise around 68% to reach a record high

Uranium prices have climbed to their highest since early 2008. MarketWatch photo illustration/iStockphoto Referenced Symbols

SRUUF -1.94% CCJ -0.52% This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email audiofeedback@marketwatch.com .Uranium prices have climbed to their highest level in more than 15 years, prompting investors to take notice, as analysts point out the obvious signs that the big rally in the sector was years in the making.Weekly spot uranium prices stood at $81 per pound as of Nov. 27 — the highest since January 2008, according to data from nuclear-fuel market information and analysis firm UxC.The uranium spot market had been tightening in the past two to three years due to a large “work-off of inventories,” said Jonathan Hinze, […]

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TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that the Ontario Superior Court of Justice has granted the final order (the “ Final Order ”) in connection with the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “ Merger ” or the “ Arrangement ”), pursuant to which, among other things, IsoEnergy Ltd. (“ IsoEnergy ”) (TSXV:ISO) will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates (the “ CUR Shares ”) in exchange for 0.500 of a common share of IsoEnergy (each whole share, an “ IsoEnergy Share ”) for each CUR Share held. As previously announced, the Arrangement was approved by the Company’s shareholders at a special meeting held on November 28, 2023.

The Company is also pleased […]

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Toronto, Ontario and Nucla, Colorado, Dec. 04, 2023 (GLOBE NEWSWIRE) — Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“ Western ” or the ” Company ”) is pleased to announce that it has entered into an agency agreement with A.G.P. Canada Investment ULC (" A.G.P. Canada ") pursuant to which A.G.P. Canada will act as sole agent and bookrunner for the Company on a “best efforts” agency basis in connection with a brokered private placement financing of up to 5,215,828 units at a price of Cdn$1.39 per unit for aggregate gross proceeds of up to Cdn$7,250,000 (the “ Offering ”). Each unit to be placed in the Offering (each, a “ Unit ”) will be comprised of one common share and one half of one common share purchase warrant, each whole warrant being exercisable for one common share of the Company at a price of Cdn$1.88 per […]

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TUCSON, AZ, Dec. 04, 2023 (GLOBE NEWSWIRE) — Liberty Star Minerals ( “Liberty Star” ( OTCMarkets: LBSR ) is pleased to announce that Nasco Industrial Services and Supply LLC (“NISS”) Drilling crew and equipment are on-site at the company’s Hay Mountain Project (“Hay Mountain”). Liberty Star’s exploration crew are also on-site and supervising the program. Highlights

A track mounted diamond core drilling rig has arrived at Hay Mountain. The current drilling plan is based on all previously collected geochemical and geophysical data in the area. Pad selection and preparation work is underway. The rig is currently casing to bed rock on Pad 1 ”Pete O’Heeron” Pete O’Heeron
CEO/President
Liberty Star Minerals

Visit lbsr.us for more about Liberty Star Minerals, the Red Rock Canyon Gold Project & the Hay Mountain Project, including images, maps and technical reports About Liberty Star Liberty Star Uranium & Metals […]

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TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF and FRA: EI1) is pleased to announce that it has closed its previously announced “bought deal” brokered private placement announced on November 8, 2023, pursuant to which LUR sold 27,272,728 flow-through units of the Company (each, a “FT Unit” ) at a price of C$0.22 per FT Unit for gross proceeds of C$6,000,000 (the “Offering” ), which includes the full exercise of the Underwriters’ over-allotment option. The Offering was conducted by a syndicate of underwriters, co-led by Red Cloud Securities Inc., as sole bookrunner, and Haywood Securities Inc., and including PI Financial Corp. (collectively, the “ Underwriters ”).

Article content

Article contentEach FT Unit consists of one common share of LUR (each, a “FT Share” ) to […]

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Toronto, Ontario–(Newsfile Corp. – December 4, 2023) – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0.F) (FSE: A0I0.MU) (FSE: A0I0.BE) (the "Company" or "Appia") is pleased to announce that, further to the press release issued on June 9, 2023, it will be issuing the first tranche of 500,000 shares pursuant to the Definitive Agreement (the " Definitive Agreement ") with 3S LTDA (" 3S "), Beko Invest Ltd. (" Beko "), Antonio Vitor Junior (" Antonio ") and AZ125 Mineracao Ltda, now known as Appia Brasil Rare Earths Mineracao Ltda (the " Company ") to acquire up to a 70% interest in the PCH Project (the " Transaction ") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil (the " Property ").

Pursuant to the terms of the Definitive Agreement, the Property is now registered in the name of the Company […]

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VANCOUVER, BC, Dec. 4, 2023 /PRNewswire/ – GoldMining Inc. (the " Company " or " GoldMining ") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce plans for advancing the Rea uranium project (the " Rea Project " or the " Project "), Western Athabasca Basin, Alberta, Canada.

The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. (" Orano "). The large land package of approximately 125,328 hectares surrounds Oranoꞌs high-grade Dragon Lake deposit on the Maybelle River project. World-class uranium deposits located 60 km to the southeast of the Rea Project include Fission Uranium Corp.’s (" Fission ") Triple R deposit and NexGen Energy Inc.’s (" NexGen ") Arrow deposit which are currently in development.

Highlights: Uranium prices have risen to US$80.25 per pound for the first time since 2008 and uranium is the best performing energy commodity in 2023.

The Athabasca […]

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Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here . In the third quarter, the fund returned -6.16% (net) compared to a -4.78% return for the Russell 2500 Index. Furthermore, the fund underperformed its secondary benchmark, the Russell 2500 Value Index, which returned -3.66% during the same period. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Meridian Contrarian Fund highlighted stocks like Cameco Corporation (NYSE: CCJ ) in the third quarter 2023 investor letter. Headquartered in Saskatoon, Canada, Cameco Corporation (NYSE:CCJ) is a uranium producer that operates through Uranium and Fuel Services segments. On November 29, 2023, Cameco Corporation (NYSE:CCJ) stock closed at $44.19 per share. One-month return of Cameco Corporation (NYSE:CCJ) was 7.65%, and its shares gained 81.26% of their value over […]

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Saskatoon, SK – December 1, 2023 – IsoEnergy Ltd. (“ IsoEnergy ” or the “ Company ”)(TSXV: ISO) (OTCQX: ISENF) – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – is pleased to announce that the shareholders of Consolidated Uranium Inc. (“ Consolidated Uranium ”) (TSXV: CUR) have approved the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”) involving the Company and Consolidated Uranium at the special meeting of Consolidated Uranium held on November 28, 2023.

In connection with the Arrangement, the Ontario Superior Court of Justice has today also granted the final order (the “ Final Order ”) authorizing completion of the Arrangement, pursuant to which, among other things, IsoEnergy will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates in exchange for 0.500 of a common share of IsoEnergy for each common share of Consolidated Uranium held.

The […]

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During the recent session, Uranium Energy Corp (AMEX:UEC)’s traded shares were 2.42 million, with the beta value of the company hitting 1.81. At the last check today, the stock’s price was $6.57, reflecting an intraday gain of 0.84% or $0.05. The 52-week high for the UEC share is $6.54, that puts it up 0.46 from that peak though still a striking 64.99% gain since the share price plummeted to a 52-week low of $2.30. The company’s market capitalization is $2.54B, and the average intraday trading volume over the past 10 days was 6.01 million shares, and the average trade volume was 8.42 million shares over the past three months.

Uranium Energy Corp (UEC) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.00. UEC has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) […]

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Aura Energy Ltd – Aura Energy Ltd (ASX:AEE, AIM:AURA) has its sights set firmly on expanding the Tiris Project into a potentially world-class uranium province through a 13,000-kilometre tenure application.

The tenure would become part of the overarching Tiris Project within the uranium province of Mauritania and Aura will target areas with strong synergies with the Tiris West resource of 11.2 million pounds (16.4 million tonnes at 305ppm U3O8).

Aura believes the project has the potential to confirm a world-class scale and is out to prove that theory by confirming the results of its radiometric analysis. Validation to pursue further work

“Our geologists are confident that the Tiris Zemmour region of Mauritania is a world-class uranium region, similar in importance to the uranium market as the Pilbara region in Western Australia is for iron ore,” Aura chairman Phil Mitchell said.“We believe Aura’s uranium-enriched carnotite zone extends across the north-eastern Mauritania area […]

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TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that the Ontario Superior Court of Justice has granted the final order (the “ Final Order ”) in connection with the previously announced plan of arrangement under the Business Corporations Act (Ontario) (the “ Merger ” or the “ Arrangement ”), pursuant to which, among other things, IsoEnergy Ltd. (“ IsoEnergy ”) (TSXV:ISO) will acquire all of the issued and outstanding common shares of Consolidated Uranium not already held by IsoEnergy or its affiliates (the “ CUR Shares ”) in exchange for 0.500 of a common share of IsoEnergy (each whole share, an “ IsoEnergy Share ”) for each CUR Share held. As previously announced, the Arrangement was approved by the Company’s shareholders at a special meeting held on November 28, 2023.

The Company is also pleased […]

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ORLANDO, Fla., Nov. 30, 2023 (GLOBE NEWSWIRE) — Former Apple CEO, John Scully, is widely credited with the simple phrase, “Timing is Everything.” Another Apple CEO, Steve Jobs, would execute on that mantra, crafting revolutionary products into seas of change with the Internet, personal computing, portable music, and smart phones.

The results were epic.

In most great success stories there is a tide, a thing beyond the control or creation of man alone. It is a thing that exists on its own… indomitable, inimitable.

The best of men, companies in this context, will harness the tide, ride the wind, or take this change agent and make it their own.Because timing IS everything.A short while ago Laramide Resources announced an “Off-Scale” Radioactivity Reading about a uranium mining discovery: “Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), which holds a portfolio of development stage uranium assets strategically positioned in the United States and […]

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TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) — Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR) is pleased to announce that the common shares of PUR are expected to commence trading on the TSX Venture Exchange (the “ TSXV ”) under the ticker symbol “PUR” at the commencement of trading on Friday, December 1, 2023.

Tim Rotolo, CEO and Director of Premier American Uranium, commented, “We are excited to commence trading on the TSXV. As a company purposely built with the aim of revitalizing U.S. domestic uranium production, we believe we are uniquely positioned against one of the strongest backdrops for both U.S. uranium fundamentals and physical uranium prices, now nearing a 16 year high. We look forward to working towards advancing our portfolio of projects in Wyoming and Colorado and a strategy of disciplined and opportunistic capital allocation. I want to take this opportunity to thank […]

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TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF and FRA: EI1) is pleased to announce that it has closed its previously announced “bought deal” brokered private placement announced on November 8, 2023, pursuant to which LUR sold 27,272,728 flow-through units of the Company (each, a “FT Unit” ) at a price of C$0.22 per FT Unit for gross proceeds of C$6,000,000 (the “Offering” ), which includes the full exercise of the Underwriters’ over-allotment option. The Offering was conducted by a syndicate of underwriters, co-led by Red Cloud Securities Inc., as sole bookrunner, and Haywood Securities Inc., and including PI Financial Corp. (collectively, the “ Underwriters ”).

Each FT Unit consists of one common share of LUR (each, a “FT Share” ) to be issued […]

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DALLAS, Texas, Nov. 30, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American:EU) (TSXV:EU) (the " Company " or " enCore" ) today announces the successful startup of uranium production from the South Texas Rosita ISR Uranium Central Processing Plant ("Rosita CPP"). The restart of the previously producing Rosita CPP is the first step in enCore’s South Texas production pipeline strategy utilizing the In-Situ Recovery production process. The wellfield production patterns are operating, oxygenated water is now circulating through the satellite ion exchange ("IX") facility and being injected back into the uranium ore body. Oxygen addition started shortly after injection of groundwater with uranium concentrations in the production wells meeting expectations. The Company looks forward to continuing increases in uranium concentration into the satellite IX facility over the coming weeks and is anticipating its first shipment of yellowcake (uranium) to occur over the course of the next 45 to 60 […]

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Arizona Sonoran Copper TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “ Arrangement ”) has been completed. The Arrangement was effective at 12:01 a.m. (Toronto time) on November 27, 2023.

Pursuant to the Arrangement, CUR transferred ownership of certain indirect wholly-owned subsidiaries that hold eight U.S. Department of Energy (“ DOE ”) leases and certain patented claims located in Colorado (the “ CUR Assets ”) to PUR in exchange for 7,753,752 common shares of PUR (“ PUR Shares ”).

As part of the Arrangement, CUR distributed 3,876,786 of the PUR Shares it received under the Arrangement to holders (the “ CUR Shareholders ”) of common shares […]

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