Tag: uranium

During 2023, uranium futures have shown an impressive run higher, and are now up by approximately 65% YTD. Earlier this week, the yellow cake contracts continued their surge, topping the $80 (£63.7) per pound mark for the first time since January 2008. Source: TradingEconomics.com In contrast, WTI crude, natural gas, and coal are lower by 5.6%, 26.1%, and 46.1%, respectively.

Over the previous decade, prices have been depressed in the international markets following the tragedy at Fukushima, resulting in considerable oversupply. Rising demand

However, the new-found demand has been sustained by the global shift towards low-carbon growth, which has meant a bias towards reducing fossil fuel use, as well as robust utility contracting by energy grids.

Moreover, the intermittent supply issues from solar installations and wind energy; as well as the considerable disruption to traditional energy flows seen amid the Ukraine war, have led to higher demand for independent backups […]

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TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to provide an update on the previously announced planned spin-out of Premier American Uranium Inc. (“ Premier American Uranium ” or “ PUR ”), through a plan of arrangement under the Business Corporations Act (Ontario) (the “Spin-Out” ). As part of the Arrangement, CUR is transferring ownership of certain indirect wholly-owned subsidiaries that hold eight U.S. Department of Energy leases and certain patented claims located in Colorado to PUR in exchange for 7,753,752 common shares of PUR (“ PUR Shares ”). PUR is currently a majority-controlled subsidiary of CUR focused on the acquisition, exploration, and development of uranium projects in Wyoming and Colorado.

All of the conditions precedent to completion of the Spin-Out have been satisfied, including among others, receipt of the final order of the Ontario Superior Court […]

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Jeremy Bond could scarcely be more bullish on NextGen Energy. Picture: Getty Images When a resources stock gets the nod at philanthropic investment company Hearts and Minds Investment’s annual conference, it’s probably worth taking notice.

Uranium-based NextGen Energy – with its “geological freak” Rook 1 discovery – was the only such stock to be nominated at the Sohn Hearts and Minds conference in Sydney late last week.

Despite its dominance in the Australian investing landscape, the resources sector is rarely the subject of fund managers presenting at conference. First, a little background

Established in 2018, Hearts and Minds has invested around $700 million and donated almost $44 million to medical research, and introduced punters to ideas from some of Australia’s top fundies.It waives typical investment fees, instead making a sizeable donation to medical research beneficiaries.At its conference top fund managers share their highest-conviction stock picks, with35 per cent of the […]

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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 ) – The application of blockchain technology to the commodities sector continues to expand as Uranium3o8 ($U), the world’s first digital token backed by physical uranium, has gone live on Uniswap, the top decentralized exchange.

According to a release from Sanmiguel Capital Investment (Bahamas) Ltd., a financial advisory firm assisting in the tokenization of real-world assets, a liquidity pool for $U was added to the Uniswap interface, creating the first-ever spot market for buying and selling exposure to uranium. This will enable qualified entities to purchase and take delivery of the valuable commodity utilizing decentralized finance (DeFi).

“Until now, uranium transactions have been conducted off-market through complex negotiations that rely on opaque pricing and costly delays […]

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Forsys Metals Corp. is focused on uranium exploration and development in Namibia, southwest Africa, via its wholly owned Norasa project. This comprises of the Valencia and Namibplaas deposits, located in the country’s Erongo region.

The company can point to 250 years of combined mining and capital markets experience. Headed up by chief executive, Mark Frewin, it is currently updating its Mark Frewin, CEO and Director, Forsys Metals 2015 Definitive Feasibility Study (DFS). Even back then, the study pointed to strong financials that would place Norasa squarely in the world’s top ten uranium mines by size.

Once completed, it is anticipated the re-evaluation will reinforce the argument that Norasa’s economics are unparalleled for any comparable project in the world offering up a new primary source of uranium production.

Forsys Metals is the type of company that only makes a noise when there’s something worth shouting about. Like so many in the uranium space […]

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The Chart of the Day belongs to the Canadian uranium miner Denison Mines (DNN) . I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11 / 13 the stock gained 10.84%. DNN Price vs Daily Moving Averages Denison Mines Corp. operates as a uranium exploration and development company in Canada. Its flagship project is the 95% interest owned Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp. in December 2006. Denison Mines Corp. was incorporated in 1954 […]

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Source: iStock Key Points

Norfolk Metals has been granted a permit for a maiden drill program at its Orroroo uranium project

The company has raised $1 million to fund a revised, accelerated and aggressive drill program

The drill program will target areas of known uranium occurrences, with results due in December A cashed up Norfolk Metals ( ASX: NFL ) has been granted its final permit for a maiden drill program at its Orroroo uranium project in South Australia. The green light comes as spot prices for the commodity crossed 15-year highs earlier this week.The permits have been a year in the making and enable Norfolk to commence drilling on Exploration Licence 6552 – An area that hosts high priority targets with known uranium mineralisation based on prior exploration.To fund the accelerated and aggressive drill program, Norfolk raised $1 million at 20 cents per share. Norfolk says the […]

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Source: Shutterstock Key Points

The ASX hosts some of the most prospective uranium companies in the world

ASX-listed uranium companies are at various stages of development, and just a few are close to production

This mini-series provides investors with a comprehensive overview of ASX-Listed uranium companies This is Part 2 of my mini-series on ASX uranium companies. Make sure to check out Part 1 on BHP Group and my in-depth look at the demand and supply dynamics of the uranium market . The interloper: NexGen Energy NexGen Energy ( ASX:NXG ) is listed on the ASX, but apart from its Aussie CEO Leigh Curyer, it’s very much a Canadian company (FYI, NexGen’s shares are also listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol NXE).NexGen is focused on developing its 100% owned Rook I Project which is located in the southwestern Athabasca […]

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The Board of Directors of CUR recommends that Shareholders vote

FOR of the Arrangement Resolution.

Article content

TORONTO, Nov. 21, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that Glass Lewis & Co. ( “Glass Lewis” ), an independent proxy voting and corporate governance advisory firm, has recommended that Consolidated Uranium shareholders ( “Shareholders” ) vote “FOR” the resolution (the “ Arrangement Resolution ”) to approve the previously announced merger (the “ Merger ” or the “ Arrangement ”) involving CUR and IsoEnergy Ltd. ( “IsoEnergy” ) at the upcoming Special Meeting of Shareholders (the “Meeting” ) to be held on Tuesday, November 28, 2023 at 10:00 a.m. (Toronto Time).Article contentPhilip Williams, Chairman and CEO of CUR, stated, “We are pleased that both Glass Lewis and ISS support the Board’s unanimous recommendation that shareholders for “FOR” the […]

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Four new drill targets have been identified at or near the Saffron deposit. Pic: via Getty Images. share

Marmota identifies four new high priority uranium drill targets at the Saffron deposit within Junction Dam

Three of the four targets are located outside the current Saffron resource area

Review by yellowcake expert Mark Couzens has also defined a new stratigraphic model Model suggests uranium mineralisation around Saffron area is hosted within floodplains adjacent to numerous palaeochannels Special Report: Marmota’s return to uranium is well and truly underway with the identification of new high priority drill targets at its Junction Dam project in South Australia. Prices of uranium are approaching the US$80/mark while Sprott Asset Management has flagged that uranium is currently in the midst of a bull market .On the back of the increasingly positive sentiment for the energy metal, Marmota made the decision in October […]

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Sometimes things which happen in the markets make perfect sense, for example, the surge in uranium stocks following another big move up in the spot uranium price. Other times, they don’t make any sense at all, for example the rally in lithium stocks today as lithium minerals prices in tumbled in Asia. �

On that note, let’s dive in! Markets

ASX 200 Session Chart

The S&P/ASX200 is making a habit of logging solid up days in November (Source: Market Index) #Lithium. #Uranium. Got your attention, right?The former was the hottest segment of the Australian stock market for the last couple of years, the latter is easily the hottest right now . I follow the charts of each group very closely, and given each enjoyed some very tidy gains, I thought I’d show you the charts of their respective minerals. Uranium prices are soaring on renewed demand amidst a […]

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Source: Source: Shutterstock The ASX hosts some of the most prospective uranium companies in the world

ASX-listed uranium companies are at various stages of development, and just a few are close to production

This mini-series provides investors with a comprehensive overview of ASX-Listed uranium companies

In a previous article, I discussed the dynamics of the uranium market , breaking down the key factors driving supply and demand. On the back of that piece, I thought it would be worthwhile investigating companies listed on the ASX with a major focus on uranium and therefore, which have the most to benefit from the recent surge in uranium prices.As I delved deeper into the ASX-listed uranium sector, it became clear that one article on Aussie uranium-stocks wouldn’t be enough ! So, I’ve decided to break up my coverage into a mini-series which I hope will eventually serve as a definitive guide to […]

Click here to view original web page at www.marketindex.com.au

Another jump in the spot uranium price last week took it to its highest level since January 2008.

-Sellers back off
-SPUT back in buying
-Term uranium prices edging up
-Concerns over enriched supply
The uranium spot price rose steadily last week as concerns around near-term availability of supply continued to circulate in the market, industry consultant TradeTech reports. Sellers increased their offer prices with each new expression of buying interest.This resulted in a significant gap between bids and offers, which slowed the ability of parties to reach agreement on pricing and conclude deals.TradeTech’s weekly spot price indicator has risen US$3.75 to US$77.25/lb — the highest level since January 2008.The indicator has increased 58% in 2023 and 54% year on year. The average weekly spot price in 2023 is US$57.66/lb U3O8, 16% above the 2022 average. Speculation One of the drivers for the increase in spot uranium prices over […]

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As nuclear energy surges back into the limelight , promising a smoother transition away from fossil fuels, long-stagnant uranium markets have been booming. The once-obscure commodity is increasingly gaining the attention of investors looking for a new way to trade the clean energy transition. To learn more about uranium and what investors new to the space need to know, Benzinga sat down with the Director of ETF Product Management at Sprott Asset Management , Steven Schoffstall.

Uranium prices have soared this year, outperforming other metals. Can you talk about why this is happening now and where you see uranium prices headed going forward?

There are a couple of things that are at play here. Year-to-date through the last couple of days or so, [physical uranium] is up about 55%. Uranium tends to be much less sensitive to shorter-term economic noise. So when we see slow-down discussions about what’s going […]

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NYSE American:EU
TSXV:EU
www.encoreuranium.com

DALLAS, Nov. 20, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ) today provides an update from the South Texas Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant (CPP) and Wellfield. Upgrades and refurbishments continue to advance on schedule for the planned 2024 resumption of uranium production 1 . The Company also announces continuing positive results from the wellfield delineation drill program. Further, planned production for the Rosita CPP continues to advance as projected.

At the Alta Mesa CPP, enCore continues work on the refurbishment of the processing circuits. The elution circuit, used to strip uranium from the ion exchange beads, has been completed, and represents a significant milestone in the pathway for production restart. All of the process pumps for the startup IX circuit have been rebuilt and replaced, including the main injection […]

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AuKing Mining Ltd – AuKing Mining Ltd (ASX:AKN) has returned further strong sample results as part of a first-stage exploration program at the Mkuju Uranium Project in southern Tanzania, providing encouragement for the imminent start of diamond drilling.

Soil sampling has returned high-grade U3O8 results of up to 652 parts per million (ppm) while rock chips have returned up to 1,344ppm and 549ppm.

Providing further encouragement for AuKing as Mkuju’s potential grows is the use of a hand-held spectrometer which is producing highly elevated radiation readings in and around the same sample areas. Potential Nyota extension

AuKing’s CEO Paul Williams said Mkuju was emerging as a possible major extension of the world-class nearby Nyota Uranium Project that was sold by previous owner Mantra Resources (ASX:MRU) in 2011 for $1.16 billion.”Mkuju comprises a 730-square-kilometre licence area immediately adjacent to the world-class Russian-owned Nyota Uranium Project.The sampling results provide further confirmation of potentially […]

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When I last spoke to Guy Keller , Portfolio Manager for the Tribeca Nuclear Opportunities Fund, in June, he spoke of the supply and demand imbalances in the uranium market and said the following; “I used to subscribe to the idea that US$60 was a medium-term incentive price to bring supply to the market. I’m now of the view that that price is a minimum of US$75." At the time , the uranium prices were sub-US$60 per pound. Today, they are within a whisker of the $75 level, as can be seen on the chart below, and yet the long-term, structural supply/demand imbalance remains. So, what next for uranium and nuclear opportunities? Never miss an update

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In this Rapid fire interview, Keller outlines the scale of the opportunity in nuclear right now, answers whether or not investors have missed […]

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VANCOUVER, British Columbia, Nov. 15, 2023 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB:STTDF) (Frankfurt: FWB:9SU) is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,000,000 (the “ Offering ”) from the sale of any combination of units of the Company (each, a “ Unit ”) at a price of C$0.05 per Unit, flow-through units of the Company (each, a “ FT Unit ”) at a price of C$0.06 per FT Unit, charity flow-through units of the Company (each, a “ Charity FT Unit ”), and collectively with the Units and FT Units, the “ Offered Securities ”) at a price of C$0.075 per Charity FT Unit. Red Cloud Securities Inc. will be acting as a finder in connection with […]

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Toronto, Ontario–(Newsfile Corp. – November 16, 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 the Company is revisiting its large uranium-rare earths deposits located at Elliot Lake, Ontario to examine the impact of increased uranium prices and confirmation of significant rare element ("REE") mineralization . The Company will also evaluate the cost-saving potential of bulk mining the Teasdale Lake and Banana Lake Zones.

In 2007-08 and 2012, Appia completed drill programs to confirm mineralization detailed in historical resource estimates for the Teasdale Lake and Banana Lake Zones. Following the drill program, Appia engaged consulting firm Watts, Griffis and McOuat Limited ( WGM ) to provide an updated NI 43-101 Resource Estimate for the two zones.

The technical report was prepared in accordance with the provisions of National […]

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Toronto, November 16, 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 the Company is revisiting its large uranium-rare earths deposits located at Elliot Lake, Ontario to examine the impact of increased uranium prices and confirmation of significant rare element ("REE") mineralization. The Company will also evaluate the cost-saving potential of bulk mining the Teasdale Lake and Banana Lake Zones.

In 2007-08 and 2012, Appia completed drill programs to confirm mineralization detailed in historical resource estimates for the Teasdale Lake and Banana Lake Zones. Following the drill program, Appia engaged consulting firm Watts, Griffis and McOuat Limited (WGM) to provide an updated NI 43-101 Resource Estimate for the two zones.

The technical report was prepared in accordance with the provisions of National Instrument 43-101 and entitled "UPDATE REPORT ON THE APPIA ENERGY CORP. […]

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Alligator owns 100% of Big Lake. After spending the past year interpreting publicly available 2D/3D seismic data, Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) is ready for the hunt for uranium at the Big Lake Uranium Project in South Australia’s Cooper Basin as early as the first quarter of next year.

The ASX-listed company is working on obtaining cultural heritage clearance after agreeing to heritage protection and employment commitments with the Yandruwandha Yawarrawarrka Traditional Landowners Aboriginal Corporation (YYTLOAC).

Subject to rig availability, Alligator is targeting a drilling program of up to 45 holes averaging 140 metres in depth to test its mineralisation model on a number of drill fences to set the foundations for a more target-driven future drilling program. Proposed drill sites for 2024. Well-placed for execution

“We have spent the last year methodically interpreting the seismic data that is publicly available from previous work done by the oil and gas companies […]

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GTI Resources logs historic uranium holes and plans surface drilling in July at Henry Mountains Project in US Mud rotary drilling at GTI’s Lo Herma Project in the Power River Basin, Wyoming. GTI Energy Ltd (ASX:GTR, OTC:GTRIF) has kicked off drilling activities at its 100%-owned Lo Herma ISR Uranium Project in Wyoming’s renowned Powder River Basin.

The drilling campaign will employ mud rotary drilling techniques along with down hole gamma logging. Extensive historical data paints picture

GTI Energy acquired a comprehensive historical data package in March 2023, estimated to be worth some $15 million. This package contains original drill data from the 1970s and 1980s from around 1,771 drill holes related to the Lo Herma region.

Among these, 1,391 original drill hole logs have been digitised for gamma count per second (CPS) data, subsequently converted to eU3O8% grades – 845 of these drill holes were strategically located within GTI’s current land […]

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Stockhead Shortz – Elevate Uranium (ASX-EL8)_1 from Stockhead on Vimeo .Now containing a significant 48Mlb of yellowcake, up 136 per cent – that’s right, 136 per cent – the Koppies deposit is so important because it is counted as one of the shallowest sources of uranium globally.The shallower the mine, the lower the strip ratio (how much waste there is for every tonne of ore). The lower the strip ratio, the cheaper and more environmentally sustainable the mining is.Koppies contains 95 per cent of its […]

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VANCOUVER, British Columbia, Nov. 15, 2023 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“ Standard Uranium ” or the “ Company ”) (TSX-V: STND) (OTCQB:STTDF) (Frankfurt: FWB:9SU) is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,000,000 (the “ Offering ”) from the sale of any combination of units of the Company (each, a “ Unit ”) at a price of C$0.05 per Unit, flow-through units of the Company (each, a “ FT Unit ”) at a price of C$0.06 per FT Unit, charity flow-through units of the Company (each, a “ Charity FT Unit ”), and collectively with the Units and FT Units, the “ Offered Securities ”) at a price of C$0.075 per Charity FT Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

Each Unit will consist of one common share of the Company (each a […]

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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) (the “ Company ” or “ Traction ”) is pleased to announce that, further to its news release of October 27, 2023 which announced: i.) a non-brokered private placement of up to 10,000,000 units of the Company (each, a “ Unit ”) pursuant to the listed issuer financing exemption (“ LIFE Exemption ”) for gross proceeds of up to $1,500,000 (the “ LIFE Offering ”); and, ii.) a non-brokered private placement of up to 5,714,285 flow-through units of the Company (each, an “ FT Unit ”) for gross proceeds of up to $1,000,000 (the “ FT Units Offering ”), it has closed the first tranche of the LIFE Offering and the FT Units Offering […]

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