The investment bank explained that the Sprott Physical Uranium Trust was currently the largest fund holding actual uranium instead of futures contracts. Earlier in March, the price of uranium hit a new record, its highest figure in more than a decade. This substantial increase is believed to have been prompted by reports that the Biden administration was in talks to gauge the impact of imposing possible sanctions with concerns to Eastern Europe conditions and how that would affect America’s nuclear industry.
The investment bank explained that the Sprott Physical Uranium Trust was currently the largest fund holding actual uranium instead of futures contracts. Earlier in March, the price of uranium hit a new record, its highest figure in more than a decade. This substantial increase is believed to have been prompted by reports that the Biden administration was in talks to gauge the impact of imposing possible sanctions with concerns […]
Tag: uranium
Why Uranium Experts Project Uranium Prices Will Spike More Than 50% In 2022
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., April 28, 2022 /PRNewswire/ — Last week, Bank of America released a research note showing that spot prices for uranium had increased significantly in the last couple of months and one big Player, Bank Of America projects that uranium prices will spike more than 50% in 2022, according to a Mining Newswire report. The investment bank expects the mineral to experience further gains in the future as the demand for the use of nuclear energy as an alternative to non-renewable energy sources also grows. Russia plays a central role in the international uranium supply chain, making up over 15% of total uranium supplied this year. In terms of enrichment, Russia makes up roughly 45% of global capacity. In conversion, the Eastern European country makes up nearly 30% of the estimated production of this year and about 20% of international capacity. According to the […]
Sprott Physical Uranium Trust Provides Update on Application for U.S. Stock Exchange Listing
This news release constitutes a “designated news release” for the purposes of the Sprott Physical Uranium Trust’s prospectus supplement dated November 22, 2021 to its second amended and restated short form base shelf prospectus dated November 22, 2021.
TORONTO, April 27, 2022 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“ Sprott Asset Management ”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “ Trust ” or “ SPUT ”), announced today that it has been informed that the U.S. Securities and Exchange Commission (“ SEC ”) has declined to consider the application submitted earlier this year in respect of a U.S. stock exchange listing for the units of the Trust.
“Unfortunately, we have been informed that the SEC has rejected the application to list the units of SPUT on the NYSE Arca at this time. We understand the rejection was based on the Trust not […]
Skyharbour’s Partner Company Basin Uranium Corp. Completes First Drill Hole at Mann Lake Uranium Project, Saskatchewan
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.jpgHighlights : 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 Commencement […]
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Horizons Global Uranium Index ETF
Uranium stocks have been some of the most popular stocks in 2022 thus far. And it comes from a variety of reasons. Uranium will be a huge part of the clean energy future. Companies continue to receive government funding to get nuclear power plants up and running. And the war in Ukraine has led to sanctions against Russia, which would mean North American uranium stocks would receive more business.
But the problem is that some of these uranium stocks could see a fall back in the near- or long-term future. Sanctions against Russia could end, leading to more uranium use. And companies can hit hard times. That’s why I wouldn’t recommend uranium stocks. Consider this ETF instead.
Horizons Global Uranium Index ETF (TSX:HURA) is a pure-play uranium exchange-traded fund. It seeks to replicate the performance of the Solactive Global Uranium Pure-Play Index, net of expenses. In both cases, the uranium […]
CAT Strategic Metals Announces Non-Brokered Private Placement to Raise up to CDN$1.5 Million, for Which Firm Commitments of CDN$900k Have Been Obtained
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCAT Strategic Metals Corporation announces that it intends to raise up to CDN$1,500,000 by way of a non-brokered private placement of 50,000,000 units at a price of CDN$0.03 per Unit for which firm commitments of CDN$900,000 have been obtained. Each Unit will be comprised of one common share in the capital of the …
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CAT Strategic Metals Corporation ( CSE:CAT )(OTC PINK:CATTF)(FRA:8CHA) ("CAT" or the "Company") announces that it intends to raise up to CDN$1,500,000 by way of a non-brokered private placement of 50,000,000 units (the "Units"), at a price of CDN$0.03 per Unit (the "Private Placement"), for which firm commitments of CDN$900,000 have been obtained. Each Unit will be comprised of one common share in the […]
Uranium miners ready to meet market needs, WNFC hears
The global uranium market has not yet been impacted by recent geopolitical events, speakers from uranium suppliers said during a session of the World Nuclear Fuel Conference 2022 in London. However, they agreed that the longer-term future is uncertain but the industry can bring capacity online to avoid any shortages. The uranium mining panel at WNFC 2022. From left to right, moderator Treva Klingbiel, Kazatomprom’s Askar Batyrbayev, Orano’s Nicolas Maes and Cameco’s Tim Gitzel. "We face an unprecedented time ahead of us," said session moderator Treva Klingbiel, president of TradeTech. "We face both incredible challenges and opportunities given where we are in the marketplace, both with the need for new nuclear and the expectations and realisation that we need it and we face a supply deficit. And also on top of that, we have outsized geopolitical events that are really overshadowing and can impact much of the nuclear fuel […]
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ALX Resources Corp. Completes Drilling At Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan
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Vancouver, British Columbia–(Newsfile Corp. – April 27, 2022) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) (‘ALX’ or the ‘Company’) announced today the completion of a diamond drilling program at the Gibbons Creek Uranium Project (‘Gibbons Creek’, or the ‘Project’) located in the northern Athabasca Basin near the town of Stony Rapids, Saskatchewan. Three holes were completed for a total of 1,240.3 metres, on two previously untested conductive trends.
2022 Winter Drilling Program In March 2022, ALX prepared winter trails and drill pads on three target areas located along two geophysical conductors: the Zinger Conductor and the Eclipse Conductor. The two conductors were detected in historical airborne surveys and were computer-modelled by the Company’s geophysical consultant to develop new drill targets (see Fig. 1 below).The southern Zinger Conductor, with 4.7 kilometres of strike length, was first detected by a […]
Sprott Physical Uranium Trust Provides Update on Application for U.S. Stock Exchange Listing
This news release constitutes a “designated news release” for the purposes of the Sprott Physical Uranium Trust’s prospectus supplement dated November 22, 2021 to its second amended and restated short form base shelf prospectus dated November 22, 2021.
TORONTO, April 27, 2022 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“ Sprott Asset Management ”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN and U.U) (the “ Trust ” or “ SPUT ”), announced today that it has been informed that the U.S. Securities and Exchange Commission (“ SEC ”) has declined to consider the application submitted earlier this year in respect of a U.S. stock exchange listing for the units of the Trust.
“Unfortunately, we have been informed that the SEC has rejected the application to list the units of SPUT on the NYSE Arca at this time. We understand the rejection was based on the Trust not […]
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Uranium Miners ETF to be listed in Europe to provide investors with exposure to the nuclear energy sector
European ETF white labelling firm HANetf is listing the Sprott Uranium Miners UCITS ETF (ticker: URNM) on the London Stock Exchange (LSE). The ETF will be passported for sale across Europe.
The ETF seeks to benefit from the potential growth in nuclear energy and uranium demand. To do so, URNM will track the North Shore Sprott Uranium Miners Index. This index will include companies involved in the uranium industry, spanning the mining, exploration, development and production of uranium. The ETF is also permitted to invest in entities that hold physical uranium, uranium royalties or other non-mining assets. Sprott are experts in the uranium space, overseeing a US-listed ETF with around USD1.5 billion AUM and a physical uranium trust with over USD3 billion AUM.
The firm writes that in the wake of the Russian invasion of Ukraine, the UK government announced its intention to boost its homegrown energy supply, with nuclear […]
Fission Uranium Provides an Update on Feasibility Study Progress and Establishes an At-The-Market Program
KELOWNA, BC, April 25, 2022 /CNW/ – FISSION URANIUM CORP. (" Fission " or the " Company ") is pleased to provide an update on the Feasibility Study work at its 100% owned PLS property in Canada’s Athabasca Basin region. The Company has achieved multiple feasibility study milestones, including completion of field work for geotechnical, hydrogeological, and metallurgical purposes. Additionally, and of particular note, detailed engineering studies and planning of the proposed mine design are now in progress and are now well advanced.
Feasibility Study Progress All geotechnical test work on soil and rock samples have been completed, and geotechnical assessment work on the R840W and R780E zones is in progress.
Geochemical test work is in progress.
Hydrogeological test work is complete and hydrogeological modelling and assessment for the decline and mine production areas is in progress. Metallurgical test work is in progress. Initial leach tests are completed, bulk […]
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A Cap Energy : ACTIVITIES REPORT FOR QUARTER ENDED 31 MAR 22
ACN 104 028 542
Quarterly Report
For the quarter ending 31 March 2022
acap.com.auA-Cap Energy (ASX: ACB) is a minerals exploration and development company focused on the development of "new energy" projects including the company’s flagship Letlhakane Uranium Project in Botswana, host to one of the world’s top 10 uranium deposits.Highlights • Letlhakane Uranium Project reviewed and a work program and budget for work to be commenced in Q2 2022 was prepared. • The team within Botswana has been keeping the project active with ongoing water bore sampling and Mining Licence compliance. Further key personnel are being re-engaged to restart the Letlhakane Uranium Project. • At the Wilconi Ni-Co Project, a 2000m, large diameter (PQ sized) diamond core drilling program was completed during the quarter. • Core samples were delivered to Simulus Laboratories (Perth) for metallurgical testwork. • MiningPlus (Perth) completed an updated mineral resource estimate for the […]
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ALX Resources Corp. Completes Drilling at Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan
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6LLN ALXEF ("ALX" or the "Company") announced today the completion of a diamond drilling program at the Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the town of Stony Rapids, Saskatchewan. Three holes were completed for a total of 1,240.3 metres, on two previously untested conductive trends.
2022 Winter Drilling Program
In March 2022, ALX prepared winter trails and drill pads on three target areas located along two geophysical conductors: the Zinger Conductor and the Eclipse Conductor. The two conductors were detected in historical airborne surveys and were computer-modelled by the Company’s geophysical consultant to develop new drill targets (see Fig. 1 below). LIVE RIGHT NOW ON YOUTUBE: How to Position For Upside in […]
5 Best Uranium Stocks to Buy in 2022
The uranium industry already has a lot going in its favor right now. The Sprott fund is purchasing hefty amounts of uranium, and more world leaders are recognizing the viability of nuclear power. Uranium is a key fuel as an alternative source of energy. At the beginning of the new year, we have some exciting uranium stocks that you can keep on your watchlist and buy.
The demand for uranium has increased significantly in the past few months following the skyrocketing energy prices. After a recent global climate summit, the global community has shown interest in the use of uranium as an alternative to oil and natural gas. We can expect 2022 to be the year for uranium stocks, based on how things are shaping up.
We have compiled the five best uranium stocks to buy in 2022. Cameco Corporation (CCJ )
Cameco Corporation ( CCJ ) operates worldwide in […]
FORTUNE BAY ANNOUNCES INITIAL DRILL TARGET AREAS AND 2022 DRILLING PLANS FOR THE STRIKE URANIUM PROJECT
HALIFAX, NS, April 26, 2022 /CNW/ – Fortune Bay Corp. (TSXV: FOR ) (FWB: 5QN) ("Fortune Bay" or the "Company") is pleased to announce initial drill target areas and 2022 drilling plans for its 100% owned Strike Uranium Project ("Strike" or the "Project"), located in northern Saskatchewan (see Figure 1 and 2).
Highlights: Figure 1: Location of the Goldfields, Strike and Murmac Projects relative to the Athabasca Basin. (CNW Group/Fortune Bay Corp.) Figure 2: Location of the Goldfields, Strike and Murmac Projects. (CNW Group/Fortune Bay Corp.) Figure 3. Initial drill target areas for the Strike Uranium Project (Tena, Tena South, L1-4, J2&3, K3). (CNW Group/Fortune Bay Corp.) Figure 4. Drill target areas at Tena and Tena South. (CNW Group/Fortune Bay Corp.) 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 […]
enCore Energy Looks Overvalued Based On Fundamentals
Written by Summary
The company owns two uranium processing plants as well as several ISR projects across four US states.
The NPV of Dewey Burdock, and Gas Hills is over $250 million but enCore is valued at just over $400 million as of the time of writing.
Additionally, the company’s portfolio of projects was valued at less than $40 million less than two years ago. The previous owner of Dewey Burdock, and Gas Hills didn’t put them into production despite their compelling key financials even at $20 per pound of uranium. JacobH/iStock via Getty Images Investment thesis I like writing about companies that lack coverage on SA, and today I’m taking a look at enCore Energy Corp. ( OTCQB:ENCUF ). It’s a Canada-listed uranium mining company that has several projects and processing facilities in the USA. enCore’s market valuation is currently higher than the net present value (NPV) of […]
What Is The Deal With Uranium Royalty Corp. (NASDAQ: UROY) Stock?
Uranium Royalty Corp. (NASDAQ:UROY) traded at $3.54 at close of the session on Monday, 04/25/22, made a downward move of -3.01% on its previous day’s price.
Looking at the stock we see that its previous close was $3.65 and the beta (5Y monthly) reads 1.51 with the day’s price range being $3.36 – $3.57. In terms of its 52-week price range, UROY has a high of $5.95 and a low of $2.25. The company’s stock has lost about -19.18% over that past 30 days.
The Top 5 Ways to Trade a Potential $800 Billion Metaverse
According to analysts at Emergen Research, the metaverse market could be worth up to $828.95 billion by 2028. When you sign up for our report "The Top 5 Metaverse Stocks to Buy for 2022," you’ll get access to the the five best metaverse stocks in our report, along with a free subscription to DailyMarketAlerts […]
FIRST URANIUM SIGNS DEFINITIVE AGREEMENT WITH SOUTHWIND
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, April 26, 2022 (GLOBE NEWSWIRE) — First Uranium Resources Ltd. (the “ Company ” or “ First Uranium ”) (CSE: URNM) is pleased to announce that further to its news release of March 9, 2022, it has entered into a definitive agreement providing it with an option to acquire (the “ Option ”) all of the shares of Southwind Corporation (“ Sout hwind ”), a Delaware corporation (the “ Option Agreement ”). Southwind’s principal asset is a land package in Arkansas comprising a phosphate and rare earth metals project. The Option Agreement becomes effective following the satisfaction of certain conditions precedent including, but not limited to the completion of a reorganization of the shareholdings of Southwind.
Pursuant to the terms of the Option Agreement, the Company will have the option to acquire […]
Global X Launches Uranium UCITS ETF (URNU) as Nuclear Power Moves Into the Mainstream
LONDON, April 26, 2022 /PRNewswire/ — Global X ETFs, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the Global X Uranium UCITS ETF (URNU) on London Stock Exchange and the Deutsche Börse Xetra. The fund represents the only uranium UCITS ETF in the European market.
With aggressive timelines to reach net-zero carbon emissions and global energy consumption expected to increase by 50% through 2050, governments are exploring all options in the next generation of power production. i While proven renewables likes solar and wind are becoming increasingly economical, their larger footprint, intermittent power production, and difficulty in rapidly scaling requires other clean solutions to diversify the world’s energy mix. Nuclear energy may be the solution, as a clean, high output, and reliable power source – with zero greenhouse gas emissions during operations. Nuclear power is an increasingly viable energy option for net-zero climate ambitions.
"Rising global […]
NexGen Signs Impact Benefit Agreement with Clearwater River Dene Nation
NexGen Energy Ltd. is pleased to announce the signing of an Impact Benefit Agreement with the Clearwater River Dene Nation covering all phases of the Rook I Project which hosts the 100% owned Arrow uranium deposit. NexGen signs a historic IBA with CRDN. The Rook I Project is located within the traditional territory of the CRDN. The IBA defines the environmental, cultural, economic, employment and other benefits to …
NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the signing of an Impact Benefit Agreement ("IBA") with the Clearwater River Dene Nation ("CRDN"), covering all phases of the Rook I Project ("Rook I" or the "Project"), which hosts the 100% owned Arrow uranium deposit. NexGen Energy Ltd. logo (CNW Group/NexGen Energy Ltd.) NexGen signs a historic IBA with CRDN. The Rook I Project is located within the traditional territory of the CRDN. […]
IsoEnergy Provides Winter Exploration Update
Saskatoon – IsoEnergy Ltd. (‘IsoEnergy’ or the ‘Company’) (TSXV: ISO; OTCQX: ISENF) is pleased to provide an update on winter 2022 exploration activities on the 100% owned Larocque East, Geiger, Hawk and Ranger projects in the eastern Athabasca Basin.
Larocque East hosts the Hurricane Zone (‘Hurricane’ or the ‘Project’), a high-grade uranium discovery located in the Eastern Athabasca Basin of Saskatchewan. Winter 2022 drilling at Hurricane has now concluded and advanced planning is underway for the follow-up summer program.
Highlights
30 drill holes totaling 12,147m completed at Larocque East; 36km of conductor strike mapped in two target areas at Geiger, and Ground geophysical surveys completed at Ranger and Hawk.Tim Gabruch, President and Chief Executive Officer commented: ‘IsoEnergy has successfully completed the winter drill program at Larocque East, and significantly advanced the understanding of Hurricane’s current size and scope. Assay results are pending and based on these winter drill results at Larocque East […]
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The countdown is on: Uranium Energy Corp. (UEC)
Let’s start up with the current stock price of Uranium Energy Corp. (UEC), which is $4.53 to be very precise. The Stock rose vividly during the last session to $5.25 after opening rate of $5.11 while the lowest price it went was recorded $4.46 before closing at $5.13.Recently in News on April 20, 2022, Uranium Energy Corp Expands U.S. Warehoused Physical Uranium Program to 5 Million Pounds U3O8. NYSE American Symbol – UEC. You can read further details here
Uranium Energy Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.60 on 04/13/22, with the lowest value was $2.34 for the same time period, recorded on 01/28/22.
The Top 5 Ways to Trade a Potential $800 Billion Metaverse
According to analysts at Emergen Research, the metaverse market could be worth up to $828.95 billion […]
NexGen Signs Impact Benefit Agreement with Clearwater River Dene Nation
VANCOUVER, BC, April 25, 2022 /PRNewswire/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE ) (ASX: NXG) is pleased to announce the signing of an Impact Benefit Agreement ("IBA") with the Clearwater River Dene Nation ("CRDN"), covering all phases of the Rook I Project ("Rook I" or the "Project"), which hosts the 100% owned Arrow uranium deposit.
NexGen signs a historic IBA with CRDN. The Rook I Project is located within the traditional territory of the CRDN. The IBA defines the environmental, cultural, economic, employment and other benefits to be provided to the CRDN by NexGen in respect of the Project, and to confirm the consent and support of CRDN for the Project throughout its complete lifecycle, including reclamation. The Agreement was negotiated and developed out of the Study Agreement that was signed in 2019 between NexGen and the CRDN. The Study Agreement formalized engagement […]
Sprott Asset Management Announces Acquisition of Assets Relating to the North Shore Global Uranium Mining ETF
URNM begins trading today as a series of Sprott Funds Trust, expanding the firm’s ETF offerings in that Trust
TORONTO, April 25, 2022 (GLOBE NEWSWIRE) — Sprott Inc. (“Sprott”) (NYSE/TSX: SII) and Sprott Funds Trust jointly announced today that Sprott Asset Management LP (“Sprott Asset Management”), a wholly-owned subsidiary of Sprott, has completed the acquisition of certain assets relating to managing the North Shore Global Uranium Mining ETF (“URNM”), to which Exchange Traded Concepts, LLC acted as the investment adviser. Sprott Funds Trust and Exchange Traded Concepts Trust have completed the reorganization of the North Shore Global Uranium Mining ETF from a series of Exchange Traded Concepts Trust to Sprott Uranium Miners ETF, a series of Sprott Funds Trust. URNM is now advised by Sprott Asset Management and sub-advised by ALPS Advisors, Inc.
In connection with the acquisition and fund reorganization, Sprott Asset Management has also acquired licensing rights from […]
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Skyharbour’s Partner Company Basin Uranium Corp. Commences Drilling at Mann Lake Uranium Project, Saskatchewan
Skyharbour Resources Ltd Vancouver, BC, April 21, 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 commenced its spring 2022 diamond drilling 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“I am happy to report that the drill is turning and we are now coring at Mann Lake,” stated Mike Blady, CEO of Basin Uranium. “Since acquiring the project from Skyharbour Resources in late 2021, the Basin team has made great strides in consulting, permitting, planning, and now drilling […]
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