Tag: uranium

Uranium Royalty Uranium Royalty Corp. ( NASDAQ:UROY – Get Rating ) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 698,700 shares, a decline of 22.5% from the March 31st total of 901,600 shares. Based on an average daily volume of 712,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are short sold.

Separately, HC Wainwright reissued a “buy” rating and set a $5.00 price objective on shares of Uranium Royalty in a research report on Thursday, January 6th.

Shares of UROY opened at $3.25 on Tuesday. Uranium Royalty has a twelve month low of $2.25 and a twelve month high of $5.95. The firm’s 50 day moving average price is $4.14. The company has a quick ratio of 77.76, a current ratio of 188.20 and a debt-to-equity ratio of […]

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→ Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium (Ad) Uranium Royalty Uranium Royalty Corp. ( NASDAQ:UROY – Get Rating ) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 698,700 shares, a decrease of 22.5% from the March 31st total of 901,600 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 712,500 shares, the short-interest ratio is currently 1.0 days.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Uranium Royalty in a research note on Thursday, January 6th.

Institutional investors have recently made changes to their positions in the company. Integrated Advisors Network LLC purchased a new stake in Uranium Royalty during the 1st quarter valued at $53,000. Marshall Wace LLP bought a new position in Uranium Royalty […]

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General financial market volatility continues to impact on the spot uranium market as utilities concentrate on securing term market supply.

-Financial markets remain volatile
-Uranium stocks swept up in sell-offs
-Utilities careful in securing supply amidst uncertainty

The spot uranium market continues to be drawn into the gravitation pull of financial markets in general, which are currently undergoing extensive volatility, now being seen as much as a financial investment product as a physical commodity.This is most evident in the impact on the share prices of uranium producers, industry consultant TradeTech notes, which have continued to be sold down in line with equity markets as a whole. The uranium price now exhibits greater sensitivity to trends and developments that impact investor sentiment consistent with other commodities.The escalating war in Ukraine has further created concern about possible Russian export sanctions and the uncertainty of future nuclear fuel deliveries being made. In […]

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The US Radiation Exposure Compensation Act (RECA) is a government compensation programme, which provides partial restitution to individuals whose health was affected by nuclear weapons testing or uranium industry employment. RECA covers US uranium miners employed between 1942 and 1971 who developed or died from lung cancer, pulmonary fibrosis, silicosis, pneumoconiosis or cor pulmonale related to lung fibrosis. RECA is set to terminate this year. The filing deadline for living claimants or spouses of deceased claimants is 10 July 2022. 1 To assess evidence of whether uranium miners will continue to develop compensable diseases after the termination of RECA, we examined mortality rate trends within the US Colorado Plateau uranium miner cohort.

The US Colorado Plateau cohort includes 4137 underground uranium miners employed for at least 1 month and with one or more medical screenings between 1950 and 1960. Underlying cause of death was ascertained through 2016 using the US […]

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Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission , investing in it is another story.

The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

Usually a failed U.S. listing is cause for concern. Not so for Sprott, or investors and analysts tracking the company’s Canadian-listed physical uranium trust, started in July and now at $3 billion in assets.“We’ve been very clear to our investors from the start that this would be treated as a […]

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→ Invest in Startups Today! (Ad) Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 12,110,000 shares, an increase of 38.4% from the March 31st total of 8,750,000 shares. Based on an average daily volume of 8,630,000 shares, the short-interest ratio is presently 1.4 days. Currently, 3.1% of the shares of the stock are sold short.

Institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc purchased a new position in shares of Cameco during the 1st quarter valued at $29,000. Bank of New Hampshire purchased a new position in shares of Cameco during the 1st quarter valued at $34,000. Sandy Cove Advisors LLC purchased a new position in shares of Cameco during the 4th quarter valued at $38,000. First Horizon Advisors Inc. purchased a […]

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Singapore, April 29, 2022 (GLOBE NEWSWIRE) — Uranium Finance provides a decentralized asset that rewards with a significant fixed compound interest model through the use of its unique Uranium Finance Auto-Staking Protocol (URFP). URFP is a new financial protocol that makes staking easier, more effective and awards $URF token holders the strongest stable returns in the crypto world.

The project also has NFT collections released after the Fair Launch, Uranium team has already recruited a group of talented and creative NFT designers and is ready to join this booming trend.

Rather than that, our core team managed to run lots of NFT and blockchain-based games before, and they saw the potential of move-to-earn, action-to-earn applications. Therefore, part of the fund raised will be used to develop those awesome and unique applications.

Uranium is proven doxed as it is KYC verified with Pink Sale and audited with Analytix. Hence investors can rest assured […]

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Elkon said uranium investments will make a significant contribution to Exor’s performance in 2021. Exor partner (Canadian) companies and what they do

In a letter to shareholders of Exor Company, which holds the most important stake in Stellandis, Juventus, Ferrari and KD Publishing Group, Chairman John Elcon Explained “Uranium is one of the biggest positive contributors to our performance in 2021”, above all thanks to Canadian companies Cameco and NexGen Energy.

Cameco – Reads Letter – Largest Independently Listed Company for Handling Uranium; NexGen, on the other hand, develops “the world’s largest low-cost uranium project”. What Elkon said

“We believe that nuclear energy will be key to tackling the three challenges of reducing energy shortages, electrifying industrial applications and converting fossil fuels,” Elgan said. Because nuclear power plants provide reliable and carbon-free energy, they are an excellent complement to non-renewable energy sources such as solar and wind, which depend […]

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Top Stories This Week: Expert Calls When to Buy as Gold Falls, Uranium Sees Setbacks

It wasn’t an easy week for gold, which pulled back after last week’s run to nearly US$2,000 per ounce .

The yellow metal sank below the US$1,900 mark on Monday (April 25), and declined as low as US$1,873 on Wednesday (April 27). It was back to just below US$1,900 by the time of this writing on Friday (April 29) afternoon, but some experts think it could still drop further.

I had the chance to speak with Gareth Soloway of InTheMoneyStocks.com , who remains bullish on gold, but expects the precious metal to move down to US$1,825 to US$1,850 before breaking out much higher. While that might sound disheartening, Gareth sees this potential pullback as a "great opportunity" to accumulate more gold. "My fear is that I do think you still have a little bit more […]

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GoviEx’s Mutanga Project to follow closely behind its Flagship Madaouela Project in the project pipeline

Updates on Field Program, Dibwe East resource upgrade drilling, hydrogeological study, metallurgical test work verification and ESIA

At recent prices, the Mutanga project shows a 34% IRR and US$189million NPV with projected production to exceed 2.5 million pounds per annum

Vancouver, British Columbia–(Newsfile Corp. – April 28, 2022) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (" GoviEx " or the " Company ") is pleased to announce that it has started its 2022 field program on its 100% owned and mine permitted Mutanga uranium project in Zambia (the " Mutanga Project "), one of three African projects owned by GoviEx, which is planned to be developed following the Company’s Flagship Madaouela uranium project in Niger (the " Madaouela Project ").The field program will target key aspects that will assist to […]

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Highlights: Nine (9) initial drill target areas have been identified following ground gravity surveying completed in March 2022 (Figure 3).

The initial target areas comprise favorable geological, geophysical and geochemical features typically associated with high-grade basement-hosted uranium deposits related to the Athabasca Basin.

The Tena target area (Figure 4) includes the historical Tena prospect where over 1,000 tonnes of uranium ore was mined in the 1950’s with reported grades of 0.6% to 3.5% U 3 O 8 . Drill targets have been developed down-dip and along strike of the historical adit.

The Tena South target area (Figure 4) is located immediately south of the historical Tena prospect, associated with a coincident gravity low and electromagnetic ("EM") conductor. The other seven (7) target areas include discrete gravity lows located along prominent EM conductors proximal to favourable geochemistry results and structural features. Drilling is expected to commence in mid-May with approximately […]

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Vancouver, BC, April 28, 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 it has completed the first diamond drill hole 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 : First diamond drill hole was completed to a depth of 731 metres
Second diamond drill hole underway at a current depth of approx. 185 metres (target depth of 700 metres) Core logging and composite lithogeochemical sampling remains ongoing with samples being prepared for shipment to the Saskatchewan Research Council […]

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(Bloomberg) — Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission, investing in it is another story.

The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

Usually a failed U.S. listing is cause for concern. Not so for Sprott, or investors and analysts tracking the company’s Canadian-listed physical uranium trust, started in July and now at $3 billion in assets.“We’ve been very clear to our investors from the start that this would be treated as […]

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

Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission , investing in it is another story.

The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

Usually a failed U.S. listing is cause for concern. Not so for Sprott, or investors and analysts tracking the company’s Canadian-listed physical uranium trust, started in July and now at $3 billion in assets.“We’ve been very clear to our investors from the start that this would be treated as a […]

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

BC-Uranium-Still-Drawing-Investors-as-SEC-Rejects-Sprott-US-Fund , Isabelle Lee and Emily Graffeo (Bloomberg) — Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission, investing in it is another story.

The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

Usually a failed U.S. listing is cause for concern. Not so for Sprott, or investors and analysts tracking the company’s Canadian-listed physical uranium trust, started in July and now at $3 billion in assets.“We’ve been very clear to our investors from the […]

Click here to view original web page at www.bnnbloomberg.ca

Renewable energy: it’s where investors should be placing their attention when it comes to growth opportunities. However, it’s not as clear which renewable energy option will be the biggest opportunity.

Right now, there are two areas that Motley Fool investors should be focusing their attention: uranium and lithium. While lithium is needed for batteries powering these renewable sources, uranium is already in heavy use from nuclear reactors. So, which one should Motley Fool investors look to today?

There are over 450 nuclear reactors around the world today, and that number is growing. China is set to have 50 more reactors online in the coming years. And that’s one country alone. Other highly populated countries, such as India, are also set to create more reactors to have clean energy. And that leaves a huge demand for uranium.

But that demand may be finite. Uranium needs to be mined, and that means it may […]

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Renewable energy: it’s where investors should be placing their attention when it comes to growth opportunities. However, it’s not as clear which renewable energy option will be the biggest opportunity.

Right now, there are two areas that Motley Fool investors should be focusing their attention: uranium and lithium. While lithium is needed for batteries powering these renewable sources, uranium is already in heavy use from nuclear reactors. So, which one should Motley Fool investors look to today? The case for uranium

There are over 450 nuclear reactors around the world today, and that number is growing. China is set to have 50 more reactors online in the coming years. And that’s one country alone. Other highly populated countries, such as India, are also set to create more reactors to have clean energy. And that leaves a huge demand for uranium.

But that demand may be finite. Uranium needs to be mined, […]

Click here to view original web page at www.fool.ca

Getting to the tasty bits. Pic: via Getty Images share

Commodities have been on a tear in the past couple of months and for most part, they have taken resource companies along for the ride. Here are what some of our miners were up to in the March quarter.

Aura is cashed up to advance its Tiris uranium project in Mauritania after raising $8.8m through an oversubscribed placement and appointing Dr Will Goodall as its acting chief executive officer to lead the process.

The company has also distributed expressions of interest to qualified engineering consultants and has short-listed two companies to bid for the front-end engineering design and engineering, procurement and construction management contracts.Bulk testwork to optimise the uranium circuit and assess vanadium production options have been initiated with ANSTO Minerals while work has started on the regulatory process for the export of uranium oxide concentrate.Adding further interest, the company has […]

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MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS

For the periods ended March 31, 2022 and 2021

As at April 27, 2022This Management’s Discussion and Analysis ("MD&A") provides a discussion and analysis of the financial condition and results of operations to a reader to assess material changes in the financial condition and results of operations as at and for the periods ended March 31, 2022 and 2021. The MD&A is intended to supplement the interim condensed consolidated financial statements and notes thereto ("Statements") of Laramide Resources Ltd. ("Laramide" or the "Company") as at and for the periods ended March 31, 2022 and 2021. You are encouraged to review the Statements in conjunction with this document.All amounts included in the MD&A are in Canadian dollars, unless otherwise specified. This report is dated April 27, 2022, and the Company’s filings, including its most recent Annual Information Form, can be reviewed on […]

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→ The American Antidote for Chinese Lithium? (Ad) Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 384,705 call options on the company. This represents an increase of approximately 1,490% compared to the average daily volume of 24,198 call options.

Cameco stock opened at $26.39 on Friday. The company has a 50 day moving average of $27.21 and a 200-day moving average of $24.67. The company has a quick ratio of 4.19, a current ratio of 5.18 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $10.51 billion, a PE ratio of -131.94 and a beta of 0.84. Cameco has a twelve month low of $15.34 and a twelve month high of $32.49.

Cameco ( NYSE:CCJ – Get Rating ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, February 9th. The […]

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Thor Mining has released a quarterly activities report. Gold, lithium, nickel

Ragged Range, Pilbara region, Western Australia

Highlights

Field programmes recommenced following the opening of the Western Australia (WA) border. Lithium mapping and sampling programme underway; testing potential lithium-caesium-tantalum (LCT) pegmatite targets associated with the Split Rock Supersuite. Outlook for June 2022 quarter Results from a fixed loop electromagnetic survey (FLEM) over the Krona Prospect, nickel gossan. Follow up RC drilling program for gold mineralisation at the Sterling Prospect. Regional mapping and stream sediment sampling results, targeting additional gold and lithium pegmatites. Airborne magnetics survey over the eastern portion of newly granted tenure. Uranium and vanadium, USA Highlights Received permitting approval from San Miguel County for proposed drill testing at the Wedding Bell Project, Colorado. The uranium spot price is at an 11 year high, with geopolitical tensions, strong demand, constrained supplies, and underinvestment continuing to drive the price […]

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Bitcoin gold ETP, pension funds turn passive and uranium ETF launches made headlines this week There was another world first in the land of crypto exchange-traded products (ETPs) this week after 21Shares launched a bitcoin and gold ETP which is set to spin the head of the “bitcoin is the new gold” brigade.

The 21Shares ByteTree BOLD ETP (BOLD) does not quite offer bitcoin parity with the precious metal quite yet though, with an 18.5% weighting to bitcoin and 81.5% to gold, the assets are weighted in inverse proportion to their risk.

BOLD – developed alongside UK specialist provider of alternative investment strategies ByteTree – attempts to deliver protection against inflation via optimised risk-adjusted exposure.

While both bitcoin and gold are widely available within an ETP wrapper separately, Charlie Morris, CIO at ByteTree Asset Management , has claimed backtesting ETPs has improved returns by 7-8 percentage points a year – impressive if […]

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GoviEx Uranium Inc. [ GXU -TSX, GVXXF -OTCQB] shares were active Thursday after the company said it has launched a 2022 field program at its 100%-owned Mutanga uranium project in Zambia.

The field program will target key aspects aimed at moving Mutanga towards the completion of a feasibility study and potential subsequent funding and construction. The program includes 15,500 metres of drilling aimed at upgrading Mutanga’s Dibwe East resource from inferred to the indicated category.

GoviEx has also commissioned 9,000 metres of diamond drilling to obtain core samples for uranium assays that will be used to determine uranium disequilibrium factors for Mutanga’s Debwe East and Dibwe deposits. The drilling will also provide metallurgical samples for process verification and optimisation test work for geotechnical studies.

Meanwhile, the company is planning a hydrogeological study to find a reliable water source for the plant and carry out dewatering studies for the open pits.On Thursday, GoviEx […]

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