Tag: uranium

Live broadcast date: 25 February 2021

03h00 New York | 03h00 Toronto | 08h00 GMT | 08h00 London | 09h00 WAT | 10h00 Johannesburg | 16h00 Perth

A new year brings with it new opportunities and this is what Africa Mining Forum and Mining Review Africa will deliver in 2021 as we take a new approach to delivering industry-relevant content to you over the course of the year – designed to keep you up to speed with how the industry is tracking and what jurisdictions and commodities you need to keep an eye on.

We guarantee these digital touchpoint sessions will help guide your African mining investment decisions.In this session, we take a closer look at uranium, which is poised for significant demand growth and a potential bull market in 2021. Uranium is currently trading at a spot price of about US$30/lb – an increase in the pre COVID […]

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

February 23, 2021 (Investorideas.com Newswire) A research-based analysis of Blue Sky Uranium is provided in a Globe Small Cap Research report. In a February 2021 research note, Globe Small Cap Research stated that Blue Sky Uranium Corp. (BSK:TSX.V; BKUCF:OTCQB) "is worthy of active consideration and ongoing following for developments."

Globe described the company and presented its compelling factors, noting, "There is a lot to like about the Blue Sky Uranium story."

Blue Sky Uranium is a Canada-headquartered junior uranium and vanadium exploration company that owns 5,000-plus square kilometers of property in Argentina’s Rio Negro and Chubut provinces. It has exclusive mining rights to more than 400,000 hectares, divided into two primary areas: Amarillo Grande, the project on which it is currently focused, and Sierra Colonia.

At Amarillo Grande, Blue Sky’s main target area today is the Ivana deposit, containing 23 million pounds (23 Mlb) of uranium and up to 12 Mlb of […]

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

NexGen Energy ( NXE ) finally released the long-awaited feasibility study for its world-class Rook I uranium project. The results are positive and they confirm the world-class status of Saskatchewan’s Athabasca basin-located asset. According to the news release, the Arrow deposit contains reserves of 239.6 million lb U 3 O 8 . Compared to the 2018 reserves estimate, the volume of contained U 3 O 8 increased by 5.5 million lb, unfortunately, the U 3 O 8 grade declined from 3.09% to 2.37%. However, there is space for further expansion, as the resources (including reserves) contain 337.4 million lb U 3 O 8 . Moreover, the Arrow deposit remains open in several directions and at depth. And there are other nearby deposits, like Arrow South, or Harpoon, that haven’t been included in the reserves, resources, or the mine plan yet. NexGen is pretty sure that the mine life will […]

Click here to view original web page at seekingalpha.com

Should you invest in mining companies? What will change the bull run? Anglo Gold Ashanti has never been this cheap, notes Peter Major, director of mining, at Mergence Corporate Solutions . Stock-picking is called for, he says. Don’t buy the index. He sets out how one piece of legislation could change shortage of supply. – Jackie Cameron Peter Major on the mining results: It’s hard to be too critical. This environment is rare. This is a bull run like we’ve barely seen two times in the last 30 years – and it’s ferocious. It’s covering as many qualities as it’s ever covered. Oil isn’t as crazy as it was in the 70s. It’s not as crazy as it was in the new millennium. Neither is uranium, but the rest of them – iron ore is insane, coal is very moderated. But I guess it’s about 10 years of persecution, […]

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NexGen Energy CEO, Leigh Curyer, says the company’s Rook I uranium project has earnt its place as one of the “leading global resource projects with an elite ESG profile” after the publication of feasibility study results on the project’s Arrow deposit in the Athabasca Basin of Saskatchewan, Canada.

The study was completed jointly by consultants including Stantec, Wood and Roscoe Postle Associates (now part of SLR Consulting), with other technical inputs completed by sub-consultants.

Financial highlights from this study included an initial capital bill of C$1.3 billion ($1.03 billion) repaid with a post-tax net present value (8% discount) of C$3.47 billion based on a $50/Ib uranium price. From years 1-5 average annual production was due to come in at 28.8Mlb of uranium oxide, with average production over the life of mine of 10.7 years of 21.7 MIb/y.
The company laid out plans for a 1,300 t/d mill processing an average feed […]

Click here to view original web page at im-mining.com

Clean, green energy sources are not just a ‘down-the-road’ solution for the future of the global economy moving forward…they are now a dire necessity. The dirty, aging, CO2- emitting fossil fuel industry – even before the COVID-19 outbreak – began to show deep cracks in its long-term future as the planet’s primary facilitator for energy solutions and a bona fide investment long play.

However, one major energy commodity appears to be resisting the general metals & mining market volatility while offering real solutions in the battle against greenhouse gas emissions. Uranium.

Enter Kelowna, BC-based Fission Uranium Corp. (FCU) ( TSX.FCU , OTCMKTS: FCUUF , Forum ). The company owns a 100% interest in the high-grade and near-surface Triple R uranium deposit, located on the southwestern edge of Canada’s mining-renowned Athabasca Basin. As highlighted in its prefeasibility study, Fission’s headline-grabbing project has the potential to be one of the lowest operating cost […]

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As the spot uranium price has declined nearly -11% in the last month, prices for uranium shares have risen dramatically.

-Key drivers of uranium equities rally
-Three megatrends supporting uranium
-Spot uranium slides over -7% during 2021

A sweeping rise in the share prices of current and prospective uranium producers has drawn widespread attention in 2021.Share prices for a selection of uranium companies tabled weekly by industry consultant TradeTech have all increased over the last four months, some doubling or tripling in that time.Given the wide variation of assets, production histories and marketing strategies relating to those companies, TradeTech identifies a few key drivers for the share rally .Firstly, there are supply/demand fundamentals as primary production has been significantly curtailed over the last few years. In addition, some investors believe select companies were undervalued, even in an environment where prevailing prices were below the cost of production for […]

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GoviEx Uranium Inc. announces that after many years of commitment and support for the Company and its stakeholders, Mr. Matthew Lechtzier and the Hon. Robert Hanson have decided to retire from the Company’s board of directors .”Matthew and Robert have steadfastly supported GoviEx for the past decade helping guide the Company from its early days as an explorer in Niger to a company now moving towards the …

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx” or “Company”), announces that after many years of commitment and support for the Company and its stakeholders, Mr. Matthew Lechtzier and the Hon. Robert Hanson have decided to retire from the Company’s board of directors (the “Board”).

“Matthew and Robert have steadfastly supported GoviEx for the past decade helping guide the Company from its early days as an explorer in Niger to a company now moving towards the development-stage with projects in Niger, Zambia and […]

Click here to view original web page at investingnews.com

Pic: The Office, NBC share

With the uranium price tipped to run hard this year, one of the most closely-followed global commodity brokers has turned its attention to the ASX uranium sector.

In its first research note on an ASX uranium company for four years, Sprott Equity Research recommends investors buy Boss Energy (ASX: BOE).

Naming Boss as its pick of the ASX uranium sector, Sprott says the company’s Honeymoon project in South Australia is the most advanced of its peer group and ready to go.“We believe Boss has done the most to ensure operational readiness and is our pick of the group,” Sprott says in its research report to clients.“Even better, Boss is trading at a discounted enterprise value-to-pound multiple to the peer group and therefore represents a greater upside in our view.”“The quality and volume of Boss’s study work sets the company apart in our view. Like other […]

Click here to view original web page at stockhead.com.au

Uranium has been one of the top-performing energy and mining market segments over the past few months. The popular Global X Uranium ETF ( URA ) has risen 70% since November of last year and the industry seems to be gaining momentum. The rally came as the major global producer Cameco ( CCJ ) reported a surprise Q4 profit and better than expected revenues . Indeed, Cameco’s production declined 44% YoY which has caused global U308 prices to increase, making many chronically unprofitable miners nearly profitable.

The current rally is one of the strongest for the uranium market in years. Most uranium mining companies have declined since their last bull market in the 2000s that created immense gains for early investors. The ongoing rally has caused many investors to wonder if a similar secular bull-market is in-store. According to the Bank of America , the recent delay in nuclear plant […]

Click here to view original web page at seekingalpha.com

“ The constantly developing nature of the Uranium industry addresses a purposeful effort to understand the changing needs of customers with the advent of lifestyle change. However, the increasing consumer demands, preferences, and changing tastes are key elements for which the Uranium industry is looking for constant innovation in the development of packaging and production. Our research report gives you the opportunity to keep up-to-date on the industry’s changing dynamics.

Get Sample Report@ https://www.regalintelligence.com/request-sample/208377

Scope of the Market is Defined: –

The Uranium market is segmented on the basis of Companies, type, application, form, and region. The type comprises the basic Uranium industry and all types of Uraniums that are covered by this report. Based on the application, there are several users who use these products as raw materials to produce their final product. Companies covered in this report are Sinosteel, CNNC, Sinohydro, Jinduicheng Molybdenum, JiangXi Copper Corporation, […]

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

Vancouver, British Columbia–(Newsfile Corp. – February 18, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the Company") is pleased to announce the results of its updated pre-feasibility study (" Updated PFS ") achieving key objectives set by the Company designed to advance the Madaouela Uranium Project ( the "Project") towards Project financing and development.

Key Highlights: Open pit mining in the early years with CapEx reduced by 15% and OpEx down by 20%

Captive water source, consumption reduced by 66%

Grid level electrical power existing within Project boundary Prioritize local skilled labour and local venders Straightforward industry standard process design – reducing construction and operational risks Mining Permit and Environmental Certificate already secured Potential to service debt of USD 150-180 million Ability to fast track feasibility study in 2021 to target rapid development Next steps to accelerate project financing and offtake options The Updated PFS succeeded in […]

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

American Manganese Inc. (T.AMY) hit a new 52-week high of $2.58 on Wednesday. American Manganese has granted 5,950,000 incentive stock options to certain of its directors, officers and consultants. The options are exercisable at a price of $2.63 per share for a five-year term. Any shares issued on the exercise of these stock options will be subject to a four- month holding period from the date of the grant. The stock option grants are subject to acceptance by the TSX Venture Exchange.

A2Z Smart Technologies Corp. (V.AZ) hit a new 52-week high of $4.33 on Wednesday. A2Z Smart announced the appointment of Mr. Rafael Yam as Chief Executive Officer of its subsidiary Cust2Mate Ltd. Yam was head of NCR Israel BU, a role he has excelled in from 2015 until present. Previously, Yam served as the executive account manager of the Nordics and Baltics region for NCR.

Blue Sky Uranium Corp. […]

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

Deep Yellow ASX DYL uranium placement 2021 Namibia uranium play Deep Yellow (ASX: DYL) has raised $40.8 million with a placement of its shares at $0.65 each as it embarks on the definitive feasibility study of its Tumas project in the southern African country.

Shareholders will be offered an additional $2m worth of shares at the same price as the placement.

The company says there was “significant” domestic and international interest with “quality” institutions added to its register.

The raising comes as spot uranium prices have been given a leg up by the freezing storms in the US that have caused blackouts in Texas as wind turbines froze and gas supplies faltered. ASX uranium share prices have also recently been showing signs of revived interest. Spot uranium price rising The US gets about 20% of its electricity from nuclear plants and the high level of demand has been reflected in uranium prices […]

Click here to view original web page at smallcaps.com.au

Uranium is an important commodity in the energy sector, and knowing the countries with the top reserves is key. Mined uranium resources have provided fuel for nuclear power generation for more than 60 years, and today nuclear power serves 10 percent of global energy needs.

Global uranium demand is anticipated to grow in the coming years, which bodes well for future uranium prices . According to the World Nuclear Association (WNA), more than 50 nuclear reactors are under construction worldwide, and significant increases to capacity at existing plants are also planned.

Global uranium production totaled 53,656 tonnes of U3O8 in 2019, the latest year for which numbers are available. The five top uranium-producing countries in the world are Kazakhstan, Canada, Australia, Namibia and Niger, and they were responsible for the vast majority of that production. Uranium Price Forecasts and Top Uranium Stocks to Watch Did You Know That Uranium […]

Click here to view original web page at investingnews.com

Am I the only one who, while watching GameStop go bananas on the stock exchange, was reminded of how the 1872 Mining Law has been put to work for the Canyon uranium mine ? Yes, indeed, I imagine I am. But I assure you, there’s some resemblance between all the call options recently placed on GameStop and the mine’s 40-year tenure on our public lands. What on Earth am I talking about?

The general idea behind the 1872 Mining Law was to authorize what trespassing miners had already been doing for many years: going onto federal public lands to search for pay dirt. Under the law, a miner who found a “valuable mineral deposit” and followed a list of other rules could stake a mining claim and get the government’s blessing to mine.

Over a century later, in the late 1970s, a uranium-mining company used this law to stake two […]

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Winter storms in parts of the south and central U.S. have led to a surge in the need for power, rallying prices for natural gas as traders look toward a rise in nuclear power demand and consumption of uranium.

The southern Plains has been “transformed into southern Siberia due to brutally cold Arctic air that has toppled century-old records,” AccuWeather reported on Tuesday.

The spot price of wholesale electricity on the Texas power grid jumped by more than 10,000% to over $9,000 per megawatt hour late Monday morning, compared with prestorm prices of less than $50 per megawatt hour, according to a Reuters report , citing data from the Electric Reliability Council of Texas, or ERCOT.

About 36% of U.S. natural gas demand comes from the electric power sector. Prices for the fuel on the futures market rallied Tuesday , with the front-month March contract trading up nearly 15 cents, or 5%, […]

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IsoEnergy Ltd. is pleased to announce the implementation of its senior leadership transition plan with the appointment of Tim Gabruch as Chief Executive Officer and Director of IsoEnergy. Mr. Gabruch will be taking over the role from Mr. Craig Parry who will step down as President and Chief Executive Officer and continue to serve the Company as a member of the Board of Directors. Leigh Curyer, Chairman of the Board, …

IsoEnergy Ltd. (” IsoEnergy “) ( TSXV: ISO ) (OTCQX: ISENF) is pleased to announce the implementation of its senior leadership transition plan with the appointment of Tim Gabruch as Chief Executive Officer and Director of IsoEnergy . Mr. Gabruch will be taking over the role from Mr. Craig Parry who will step down as President and Chief Executive Officer and continue to serve the Company as a member of the Board of Directors. IsoEnergy Ltd. Logo (CNW […]

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