Tag: uranium

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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As the uranium boom that has threatened to bloom for years appears on the horizon, Elevate Uranium has put itself in the best position to capitalise by more than doubling its flagship Koppies resource in Namibia. Read Next

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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Vancouver, British Columbia–(Newsfile Corp. – November 7, 2023) – Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces historical assay results 25 metres to the east-northeast of the 2023 summer drilling on its Thelon Basin uranium project located 100 km west of Baker Lake, Nunavut. Forum holds a 100% interest in 95,500 hectares of ground adjacent to Orano’s 133 million pound Kiggavik uranium project*. Interpretation of historic uranium assay results from drilling in 2010 and 2011 on trend from Forum’s drilling on the Tatiggaq deposit this summer confirms the potential to extend mineralization for up to 1.25 kilometres. The Tatiggaq deposit is located five kilometres west of Orano’s 93 million pound Andrew Lake and End uranium deposits (Figure1).

HIGHLIGHTS Intersection of uranium mineralization shows continuity and consistency of high-grade mineralization 25 m east-northeast of TAT23-002 drilled this summer. The historical intercepts are as follows:

[…]

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NYSE American: EU
TSXV: EU

DALLAS, Texas, Nov. 14, 2023 /CNW/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ), which expects to be resuming uranium production at its South Texas Rosita ISR Uranium Central Processing Plant (CPP) before the end of November 2023, today provides an update on the convertible debt originally owed to Energy Fuels Inc. for the acquisition of the Alta Mesa CPP. Since September 26, 2023, the Company has repaid a total of $40,000,000 USD of the $60,000,000 USD principal of the convertible note. The current principal balance of the debt on the Alta Mesa CPP now stands at $20,000,000 USD with a due date of February 14, 2025. The convertible note, with an 8% interest rate, includes a conversion feature that allows the holder, a prominent financial institution with a focus on uranium, to convert principal […]

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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 position and were used to formulate the mineral resource estimate (MRE).GTI Energy had initially disclosed an exploration target […]

Click here to view original web page at www.proactiveinvestors.co.uk

enCore Energy Corp. (NYSE American: EU ) today provides an update on the convertible debt originally owed to Energy Fuels Inc. for the acquisition of the Alta Mesa CPP. Since September 26, 2023, the Company has repaid a total of $40,000,000 USD of the $60,000,000 USD principal of the convertible note. The current principal balance of the debt on the Alta Mesa CPP now stands at $20,000,000 USD with a due date of February 14, 2025. The convertible note, with an 8% interest rate, includes a conversion feature that allows the holder, a prominent financial institution with a focus on uranium, to convert principal amounts of the note into common shares of enCore Energy at the price of $2.91 USD per share at any time.

Funds used to pay down the debt to Energy Fuels were received through sales under the Company’s At-the-Market (ATM) equity offering program. Between September 19, […]

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NYSE American: EU
TSXV: EU

DALLAS, Texas, Nov. 14, 2023 /PRNewswire/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ), which expects to be resuming uranium production at its South Texas Rosita ISR Uranium Central Processing Plant (CPP) before the end of November 2023, today provides an update on the convertible debt originally owed to Energy Fuels Inc. for the acquisition of the Alta Mesa CPP. Since September 26, 2023, the Company has repaid a total of $40,000,000 USD of the $60,000,000 USD principal of the convertible note. The current principal balance of the debt on the Alta Mesa CPP now stands at $20,000,000 USD with a due date of February 14, 2025. The convertible note, with an 8% interest rate, includes a conversion feature that allows the holder, a prominent financial institution with a focus on uranium, to convert principal […]

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MAJOR ESCALATION OF RUSSIAN OIL PRICE CAP ENFORCEMENT: The Treasury Department sent notices to ship management companies Friday seeking information on roughly 100 vessels that it believes are continuing to ship Russian crude above the $60 cap set by G-7 leaders in December.

Treasury’s Office of Foreign Assets Control, or OFAC, sent the notices to shippers in 30 countries, Reuters reported today— reflecting the magnitude of the problem, threatening the West’s plan to curb Russia’s oil revenue and cut into the Kremlin’s war chest.

According to the price cap scheme, any vessels that use Western service providers to ship Russian crude oil are required to sell it at or below the $60 capped price. (Refined petroleum […]

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Vancouver, British Columbia–(Newsfile Corp. – November 10, 2023) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the closing today of the first tranche of a non-brokered private placement consisting of 7,142,858 flow-through units (the "FT Units") of the Company for gross proceeds of $250,000 (the "First Tranche").

The FT Units were sold at a price of $0.035 per FT Unit consisting of one flow-through common share and one non flow-through common share purchase warrant. One whole common share purchase warrant from the FT Units entitles the holder to purchase one non flow-through common share of the Company at a price of $0.05 for a period expiring 24 months following closing of the First Tranche, that expiry date being November 10, 2025.

Finder’s fees for the First Tranche consisting of a total of $13,231.50 cash and 378,043 finder’s warrants were paid to: […]

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Interactive stock chart provided by quotemedia Price Volume Sep 2023 Oct 2023 Nov 2023 0.5 0 3 200k © quote media Skyharbour Resources Ltd.’s (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) inaugural drilling encountered "one of the longest and most strongly mineralized drill intercepts" at its Russell Lake uranium project in the Athabasca Basin, reported Red Cloud Securities managing director and analyst David Talbot in a November 3 research note.

"We believe this project shows great promise for a potential uranium discovery," Talbot wrote.

As such, Red Cloud reiterated its target price of CA$0.85 per share on the Canadian explorer, now priced CA$0.54 per share in comparison, noted Talbot.

From here, the return to target is an attractive 57%.Skyharbour remains a Buy. Grayling Impresses Of the total 9,600 meters (9,600m) Skyharbour drilled during the recent three-phase program at Russell Lake, 15 holes targeted the Grayling area, wrote Talbot, who discussed the results.Grayling returned the best […]

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Exxon, Chevron, Occidental, Arch, and Cameco are First in Energy Index

PLANO, Texas–(BUSINESS WIRE)– Mentor Capital, Inc. (OTCQB: MNTR ) announced it completed its move into the classic energy sector on November 2, 2023, with the majority of the Company’s non-cash assets, as planned, now springing from uranium, coal, oil and gas related royalties, companies, or projects. Mentor specifically initiated this shift of its planned focus into the classic energy sector on May 24, 2023, with the first of paced energy stock purchases in a newly created Mentor Classic Energy Index. During the approximately five months since its creation, through to November 2nd, the Mentor Classic Energy Index has appreciated 10.2%. During that same five-month period, the Mentor Capital, Inc. closing share price increased 390%, with the closing share price gain continuing at 67.8% during the latest one-month period of October 2023.

The major components of the Mentor Classic Energy […]

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Once a bustling town with more than 4,500 residents and its own newspaper, Jeffrey City in Wyoming is a shadow of its former self with forlorn buildings left to rust and sprigs of grass breaking up tarmacked surfaces – but 24 residents refuse to let it go to ground completely.

The rural enclave started out as a single homestead but after uranium was discovered in the area, a mine opened in 1957 and a drove of workers from across the US descended.

According to WyoHistory.org , mine owner and prospector Bob Adams helped to establish Jeffrey City at the height of the nuclear arms race, with his company, Western Nuclear, snapping up the land and installing ’26 houses, 145 trailers, a dormitory, a restaurant and bar, bathhouses… a combination firehouse and dispensary,’ and a multi-purpose community hall.

The town quickly evolved and by 1980 there were more than 4,500 residents, with about […]

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Elemental Royalties DALLAS, TX, Nov. 6, 2023 /CNW/ – enCore Energy Corp. (NYSE American: EU) (TSXV: EU) (the " Company " or " enCore" ) today announced the approval of the renewal of the Radioactive Materials License ("License") for enCore’s combined South Texas In-Situ Recovery ("ISR") Uranium Central Processing Plants ("CPP") at its Rosita, Kingsville Dome, and Vasquez uranium projects. This renewed License was approved by the Executive Director of the Texas Commission on Environmental Quality (TCEQ) following an application submitted in April 2022 and amended in July 2022 to allow for the addition of two remote ion exchange (RIX) units at the Rosita CPP and Wellfield.

With the renewal, enCore also expects to be resuming uranium production at its Rosita CPP before the end of November 2023, as previously announced (Oct 4, 2023) . Initial production will come from the Rosita Extension, Production Area 5, using a newly constructed […]

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TORONTO, Nov. 10, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) is pleased to announce that Institutional Shareholder Services Inc. ( “ISS” ), an independent proxy voting and corporate governance advisory firm, recommends 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).

Philip Williams, Chairman and CEO of CUR, stated, “The ISS recommendation aligns with our belief that the Merger with IsoEnergy serves the optimal interests of our shareholders. We look forward to completing the Merger and urge all CUR shareholders to follow the recommendations of ISS, and CUR’s Board […]

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Picture: Manuel Augusto Moreno/Moment via Getty Images Australia’s best business newsletter. Get the edge with AM and PM briefings, plus breaking news alerts in your inbox.

Sponsored content

As the uranium boom that has threatened to bloom for years appears on the horizon, Elevate Uranium has put itself in the best position to capitalise by more than doubling its flagship Koppies resource in Namibia. Read Next

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 […]

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

Uranium, radioactive ore on isolated white background, mineral and energy resource Madison Metals Inc. has provided an update on its corporate activities, which continue to be influenced by favourable uranium market conditions.

With initial funds now being realised from the company’s forward sales agreement, Madison has the additional capital to further its main objective of advancing its flagship uranium assets in Namibia.

To achieve this objective and create a sustainable presence in Namibia, Madison has established a fully integrated field geological office infrastructure, complemented by full-time staffing. This strategic move bolsters Madison’s operational capabilities and reaffirms its commitment to advancing exploration, drilling, and development activities in the country.

Commencement of Reverse Circulation Drilling at Area 3 North and SouthWith all necessary staffing and permits now secured, the company is preparing for an upcoming reverse circulation (RC) drilling campaign focused on both Area 3 North and South, situated within Exclusive Prospecting Licences 8531 […]

Click here to view original web page at namibianminingnews.com

Yellowcake uranium. AI stocks have hogged the limelight, but another asset cluster has enjoyed a similar boom.

Uranium and shares in companies that mine it have enjoyed a scorching rally on soaring demand.

Nuclear energy is back in fashion as more reactors are planned amid a shift away from fossil fuels.

AdvertisementWhile artificial intelligence hogs all the limelight in the investing world, another under-the-radar asset cluster has been quietly stealing a march on tech stocks.A blistering bull run is underway in the market for uranium , the radioactive element used to produce nuclear energy. Prices just hit 15-year highs, and are on track for a record annual gain as a move away from fossil fuels increases demand.That’s also fueling a scorching rally in the stocks of uranium miners such as Cameco. The Sprott Uranium Miners Exchange-Traded Fund (URNM) has jumped 42% this year – higher than the 40% advance […]

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Professional investors only. Capital at risk.

Energy-hungry industrialisation has been good for humanity, lifting vast swathes of humanity out of poverty. This process is still ongoing with developing economies also undergoing their own industrialisation and push for better living standards. As a result, electricity demand is expected to surge by 76% in 2050 relative to 2021.¹

But the world faces a crisis, as the use of cheap fossil fuels threatens disastrous consequences in the form of climate change. Fossil fuels currently supply about 85% of the world’s energy.² The task, therefore, is to find a way to meet both the world’s current and future energy demands in ways that do not emit carbon.

As a result, it is projected that by 2025, renewables will constitute 35% of global power generation, up from 29% in 2022.³ Though wind, solar and hydroelectric power often symbolise renewable energy, unpredictable weather events can compromise their reliability.Increasingly, […]

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As the uranium boom that has threatened to bloom for years appears on the horizon, Elevate Uranium has put itself in the best position to capitalise by more than doubling its flagship Koppies resource in Namibia. 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 resources within just 15m of the surface, Elevate Uranium ( ASX:EL8 ) MD Murray Hill noted after revealing the massive resource upgrade. Half of them are within 6m.“These parameters are […]

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) — Latitude Uranium Inc. (“LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as co-lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Haywood Securities Inc., as co-lead underwriter (collectively, the “ Underwriters ”), pursuant to which the Underwriters will purchase for resale 22,727,273 flow-through units of the Company (each, a “ FT Unit ”) at a price of C$0.22 per FT Unit (the “ Offering Price ”) on a “bought deal” private placement basis for gross proceeds of C$5,000,000 (the “ Offering ”).

Each FT Unit will consist of one common share of LUR (each, a “ FT Share ”) to be issued as a “flow-through […]

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Sakorn Sukkasemsakorn/iStock via Getty Images Investment Thesis

Energy Fuels Inc. (NYSE: UUUU ) reports Q3 results that were very much as expected. Simply put, there wasn’t a great deal of new news flow coming out of Energy Fuels, at least in the very near term. But Energy Fuels’ key catalyst, that production will start in 2024, is massive.

But this set of results should not detract readers from the big picture, that the energy transition is finally taking hold.

Particularly noteworthy is that the energy transition isn’t manifesting itself through an uptick in demand for renewable energy. Not quite.Instead, as I’ve been contending for a considerable amount of time, the biggest reflection in the movement towards the "Electrification of Everything," appears to making itself felt in the uranium market. And therein lies this bull case for Energy Fuels. Why Invest in Uranium? The global energy landscape is currently undergoing a […]

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