Tag: uranium

U.S. president Joe Biden’s $2 trillion plan includes initiatives to help bolster jobs in America, including a push for clean electricity via energy sources like nuclear power. This may help put the Global X Uranium ETF (URA) back on the map.

URA can give ETF investors niche exposure when compared to a broad-based clean energy fund. The announcement of the plan has been having a positive effect thus far, with the fund up close to 7% the past 5 days.

“As the recent Texas power outages demonstrated, our aging electric grid needs urgent modernization,” a White House fact sheet noted. “The President’s plan will create a more resilient grid, lower energy bills for middle class Americans, improve air quality and public health outcomes, and create good jobs, with a choice to join a union, on the path to achieving 100% carbon-free electricity by 2035.”

Overall, URA seeks to provide investment results that […]

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Denison Mines Corp. is pleased to announce that it has entered into a Participation and Funding Agreement and Letter of Intent with the English River First Nation in connection with the advancement of the proposed in-situ recovery uranium mining operation at Denison’s 90% owned Wheeler River Uranium Project which is located in the eastern portion of the Athabasca Basin region, in northern Saskatchewan. …

Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce that it has entered into a Participation and Funding Agreement (the “Participation Agreement”) and Letter of Intent (the “LOI”) with the English River First Nation (“ERFN”) in connection with the advancement of the proposed in-situ recovery (“ISR”) uranium mining operation at Denison’s 90% owned Wheeler River Uranium Project (“Wheeler River Project”), which is located in the eastern portion of the Athabasca Basin region, in northern Saskatchewan. Additionally, Denison and ERFN […]

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“ Uranium Market Report Coverage: Key Growth Factors & Challenges, Segmentation & Regional Outlook, Top Industry Trends & Opportunities, Competition Analysis, COVID-19 Impact Analysis & Projected Recovery, and Market Sizing & Forecast.

Latest launched research on Global Uranium Market , it provides detailed analysis with presentable graphs, charts and tables. This report covers an in depth study of the Uranium Market size, growth, and share, trends, consumption, segments, application and Forecast 2027. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Uranium Market. This report has been prepared by experienced and knowledgeable market analysts and researchers. Each section of the research study is specially prepared to explore key aspects of the global Uranium Market. Buyers of the report will have access to accurate PESTLE, SWOT and other types of analysis on the global Uranium market. Moreover, it offers highly accurate estimations on […]

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(Image via Azincourt Energy Corp.) 2021 is shaping up to be a big year for uranium as global demand continues to rise with trends pointing toward greater energy consumption and lower carbon solutions ….

A decade since the Fukushima disaster and the spot price for U3O8 moved above $30 per pound for the first time this year, a rebound from an 11-month low of $27.60 nearly a month ago. Producers and mine developers are collecting inventories above-ground and reactor construction continues for a number of others. Major uranium companies (Such as Kazakhstan’s JSC National Atomic Company Kazatomprom and Toronto-based Denison Mines Corp ( TSX: TDML ) ) recently announced plans to make purchases of this nuclear fuel.

Uranium prices have yet to reach their values from early 2020 … but that could mean opportunity awaits for investors. There are several producers and explorers out there who have seen their share […]

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Let’s start up with the current stock price of Uranium Energy Corp. (UEC), which is $3.56 to be very precise. The Stock rose vividly during the last session to $3.21 after opening rate of $2.93 while the lowest price it went was recorded $2.88 before closing at $3.21.

Recently in News on March 30, 2021, InvestorBrandNetwork (IBN) Announces Latest Episode of The Bell2Bell Podcast featuring the Return of Amir Adnani, President & CEO of Uranium Energy Corp. (via InvestorWire) InvestorBrandNetwork (“IBN”), a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The Bell2Bell Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. You can read further details here

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to […]

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What happened

Uranium stocks went nuclear on Monday, with shares of Denison Mines ( NYSEMKT:DNN ) surging 10.2%, Uranium Energy ( NYSEMKT:UEC ) rising 10.6%, and Energy Fuels ( NYSEMKT:UUUU ) closing 14.3% higher.

It’s not hard to figure out why: Uranium prices are way up. Image source: Getty Images. So what

As OilPrice.com reported over the weekend, the spot price for U308 (triuranium octoxide, also known as yellowcake, and the most stable form of uranium oxide found in nature) last week surged past $30 per pound for the first time this year, approaching its highs of last year.Investment banks BMO Capital Markets and Morgan Stanley both believe that uranium prices have set a floor, and are unlikely to fall back below $30. To the contrary, the analysts are predicting that uranium will continue to rally, and could hit $50 by 2024.The reason: According to energy experts , it’s unlikely […]

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Start-Up Capital and Operating Costs Reduced

Vancouver, British Columbia–(Newsfile Corp. – April 5, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the Company") is pleased to announce that a technical report titled, "An Updated Pre-Feasibility Study for the Madaouela Project, Niger" dated effective April 5, 2021 (the " Report "), which supports the disclosure in the Company’s news release dated February 18, 2021, has been filed today under the Company’s profile on SEDAR.

Key Highlights of the Report, as previously described in the February 18, 2021, news release: 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 Madaouela 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 […]

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The S&P/TSX Venture Composite Index (INDEXTSI: JX ) spent the last week of March moving higher, starting the period at 941.98 and closing Thursday (April 1) at 961.19.

Gold also registered a gain for the four day session. After slipping to US$1,678 per ounce on Tuesday (March 30), the yellow metal rallied to US$1,729.10.

Silver had a less pronounced uptick, holding in the US$24 per ounce range. Uranium was another gainer as the energy fuel breached the US$30 per pound range for the first time in 2021. Uranium Price Forecasts and Top Uranium Stocks to Watch Did You Know That Uranium Was A Top Commodity In 2020?

Don’t Miss Out This Year With Our Exclusive FREE 2021 Uranium Outlook Report! Against that backdrop, the TSXV-listed mining stocks below saw the biggest share price moves last week: Rusoro Mining (TSXV: RML ) Telson Mining (TSXV: TSN ) CanAlaska Uranium […]

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Latest Survey On Uranium Mining Market:

‘Market Growth Insight’ has presented an updated research report on ‘The Global Uranium Mining market’ which offers insights on key aspects and an overview of the fundamental verticals of the market. The Uranium Mining report aims to educate buyers on the crucial impactful factors like drivers, challenges and opportunities for the market players, and risks. It comprises a thorough analysis of current Uranium Mining market trends as well as future trends. It also throws light on various quantitative and qualitative assessments of the market. The Uranium Mining research report covers every crucial aspect of the industry that impacts the existing market share, market size, profitability status, and more. A comprehensive evaluation on impacting factors the influence growth opportunities for Uranium Mining market players and remuneration. North America has a significant international presence in the global Uranium Mining market in 2021 accompanied by the […]

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Start-Up Capital and Operating Costs ReducedGoviEx Uranium Inc. is pleased to announce that a technical report titled, “An Updated Pre-Feasibility Study for the Madaouela Project, Niger” dated effective April 5, 2021 which supports the disclosure in the Company’s news release dated February 18, 2021, has been filed today under the Company’s profile on SEDAR.Key Highlights of the Report, as previously described in …

Start-Up Capital and Operating Costs Reduced

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx or the Company”) is pleased to announce that a technical report titled, “An Updated Pre-Feasibility Study for the Madaouela Project, Niger” dated effective April 5, 2021 (the “Report”), which supports the disclosure in the Company’s news release dated February 18, 2021, has been filed today under the Company’s profile on SEDAR.

Key Highlights of the Report, as previously described in the February 18, 2021, news release: Open pit mining in the early years with CapEx […]

Click here to view original web page at investingnews.com

On March 30, Uranium Royalty Corp. (TSXV: URC) exercised its option to buy US$10 million of physical uranium (U3O8) under the terms of its investment in the 2018 IPO of Yellow Cake plc. Uranium Royalty purchased 348,068 pounds of uranium at a price of US$28.73 per pound, a 7% discount to the U3O8 spot price on March 29, 2021.

Uranium Royalty makes royalty or streaming investments in the uranium sector, thereby allowing an investor to gain exposure, including through the purchase of physical uranium, to a beaten down sector with potentially improving fundamentals without taking on explicit uranium mining risk. In this way, Uranium Royalty is applying the same model to a highly speculative sector that many successful royalty/streaming companies employ in gold mining and oil and gas businesses.

The company has interests in 15 uranium projects primarily in the U.S. and Canada, plus a 5.9% stake in Yellow Cake plc, […]

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If you’re an investor that doesn’t mind risk, energy penny stocks might be worth considering. Their potential returns are huge.

Last year was a low point for the energy sector. But the market is looking up as COVID-19 vaccines roll out. People are looking forward to traveling and that will increase energy demand. Below you’ll find a list of energy penny stocks that offer high risk-to-reward opportunities.

Also, if you want to see how your investments can grow, check out our investment calculator . It’s a free tool that can help you plan and reach your financial goals. Five Energy Penny Stocks to Consider

> Southwestern Energy Company (NYSE: SWN) American Resources Corp. (Nasdaq: AREC) Denison Mines Corp. (NYSE: DNN) Ur-Energy Inc. (NYSE: URG) Uranium Energy Corp. (NYSE: UEC) We’ll look at these companies in more detail below. But first, I’m going to show you why both energy stocks and penny […]

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GoviEx Uranium Inc. is pleased to announce that it has engaged Mr. Christopher Mark Lewis to head the Company’s Uranium Marketing efforts.”Chris brings considerable experience in uranium marketing to the GoviEx Team. Having recently updated our pre-feasibility study for the Madaouela Uranium Project and given our positive outlook for the uranium market, we are focused on putting in place the key areas necessary to …

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (“GoviEx” or “Company”), is pleased to announce that it has engaged Mr. Christopher Mark Lewis to head the Company’s Uranium Marketing efforts.

“Chris brings considerable experience in uranium marketing to the GoviEx Team. Having recently updated our pre-feasibility study for the Madaouela Uranium Project (1) and given our positive outlook for the uranium market, we are focused on putting in place the key areas necessary to support the future development of Madaouela – including technical capabilities to advance our […]

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We can readily understand why investors are attracted to unprofitable companies. By way of example, Uranium Royalty ( CVE:URC ) has seen its share price rise 305% over the last year, delighting many shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt.

Given its strong share price performance, we think it’s worthwhile for Uranium Royalty shareholders to consider whether its cash burn is concerning. For the purpose of this article, we’ll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). First, we’ll determine its cash runway by comparing its cash burn with its cash reserves. When Might Uranium Royalty Run Out Of Money?

A company’s cash runway is calculated by dividing its cash hoard by its cash burn. Uranium Royalty has such […]

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TSX Trading symbol: U

TORONTO, April 1, 2021 /CNW/ – Uranium Participation Corporation ("UPC" or the "Corporation") today filed its Financial Statements and Management’s Discussion & Analysis ("MD&A") for the year ended February 28, 2021. Both documents can be found on the Company’s website ( www.uraniumparticipation.com ) or on SEDAR ( www.sedar.com ). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts are in Canadian dollars, unless otherwise noted. View PDF version

Selected financial information: View PDF URANIUM PARTICIPATION CORPORATION REPORTS FINANCIAL RESULTS FOR THE YEAR ENDED FEBRUARY 28, 2021 (CNW Group/Uranium Participation Corporation) Overall Performance

The net gain for the year ended February 28, 2021 was mainly driven by unrealized net gains on investments in uranium of $40,370,000, realized gains on the sale of conversion components of $5,154,000, and income from uranium lending and relocation agreements of $1,536,000, slightly […]

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MONTHLY ATHABASCA BASIN EXPLORATION UPDATE

April 2021

Uranium companies announce strategic purchase plans

March 16, 2021Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds U3O8 (962 tU) through the spot market as a long-term investment, while Uranium Energy Corp (UEC) has entered into agreements to purchase 400,000 pounds. UK-based Yellow Cake plc has also announced further purchase plans under its agreement with Kazatomprom.Toronto-based Denison said it had entered into a strategic financing agreement with Cantor Fitzgerald Canada Corporation to raise about USD$75 million, which will be used to fund the strategic purchase of uranium concentrates to be held by Denison as a long-term investment intended to support the potential future financing of the advancement and/or construction of its 90%-owned Wheeler River uranium project in Saskatchewan, Canada. The purchase is expected to strengthen the company’s balance sheet and enhance its […]

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Vancouver, British Columbia–(Newsfile Corp. – April 1, 2021) – GoviEx Uranium Inc. (TSXV: GXU ) (OTCQB: GVXXF ) (" GoviEx " or " Company "), is pleased to announce that it has engaged Mr. Christopher Mark Lewis to head the Company’s Uranium Marketing efforts.

"Chris brings considerable experience in uranium marketing to the GoviEx Team. Having recently updated our pre-feasibility study for the Madaouela Uranium Project (1) and given our positive outlook for the uranium market, we are focused on putting in place the key areas necessary to support the future development of Madaouela – including technical capabilities to advance our efforts around, the completion of the future feasibility study, and financial and marketing expertise to enhance our access to future project financing and uranium offtake and contracting arrangements. Expanding our team to include a seasoned professional like Chris will bolster our access to global nuclear utilities at a […]

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Uranium companies in Australia and Canada have announced purchases of physical uranium holdings. Boss Resources says its strategic uranium acquisition will strengthen its position as it moves forward towards the restart of the Honeymoon project in South Australia. Vancouver, Canada-based Uranium Royalty Corp (URC) is to buy USD10 million of physical uranium through a supply agreement with Yellow Cake plc. The Honeymoon project (Image: Boss) Subiaco, Western Australia-based Boss has entered into binding agreements to purchase 1.25 million pounds U3O8 on the spot market at a weighted average price of USD30.15per pound, and is funding this by a "well-supported" AUD60 million share placement. Boss will acquire the first 0.25 million pounds by the end of April and the remainder by the end of June. The inventory is currently warehoused, at the ConverDyn’s facility in Metropolis, Illinois, where it will remain in storage.

"The stockpile will be highly valuable to us […]

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Summary

A supply crunch that built up over several years is starting to impact uranium prices.

As major investment banks initiate uranium coverage for the first time in a decade, more generalist investors will take an interest in the sector.

Environmentalists are changing their attitude towards nuclear power. URNM is still the best option for generalist investors seeking broad uranium exposure. Risk-reward of investing in URNM is highly favorable. Photo by vchal/iStock via Getty Images The case for uranium is a simple story of supply-demand imbalance. Over the last several years, the market narrative has ignored supply destruction, and underestimated new sources of demand. Yet there is a high probability that this imbalance will be resolved with higher uranium prices.The easiest way for generalists to position themselves for a potential uranium bull market is with the Exchange Traded Concepts – North Shore Global Uranium Mining ETF ( URNM ). […]

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Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his “hot stocks to watch”. Market ructions: Sovereign risk and supply disruptions are your friends?

Another compelling round of economic data has come out of China, with apparent steel consumption for the second month of 2021 (2M21) up 22 per cent year-over-year (YoY) (+10.1 per cent December) and net steel exports rising by 34 per cent YoY, according to Citi Research (24 March 2021).

2M21 iron ore imports increased 3 per cent YoY driven by strong growth in steel production, which was up 13 per cent YoY over the same period.

I anticipate China’s steel end-use demand to hold up over 2Q21 but […]

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