Tag: uranium

In recent trading session, Uranium Energy Corp. (AMEX:UEC) saw 2.06 million shares changing hands at last check today with its beta currently measuring 2.06. Company’s recent per share price level of $3.66 trading at $0.11 or 3.10% at last check today assigns it a market valuation of $1.35B. That most recent trading price of UEC’s stock is at a discount of -27.05% from its 52-week high price of $4.65 and is indicating a premium of 37.16% from its 52-week low price of $2.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.3 million shares which gives us an average trading volume of 5.00 million if we extend that period to 3-months.

For Uranium Energy Corp. (UEC), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 6 […]

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Cameco and Kazatomprom have increased their sales and revenue guidance for 2023 upwards as market fundamentals continue to improve. Cameco and Kazatomprom’s Inkai joint venture is in the Turkestan region of Kazakhstan (Image: Kazatomprom) The Kazakh uranium producer increased its 2023 sales guidance in its half-year trading update on 1 August, with group sales volumes increasing from 15,400-15,900 tU to 17,500-18,000 tU. This is due to customers asking to "flex up" their annual delivery quantities within existing contracts, some new long-term contracts with delivery in 2023, and Yellow Cake plc’s execution of its annual option to purchase uranium.

The company’s production guidance is unchanged at 20,500-21,500 tU (on a 100% basis).

Cameco published its second-quarter results on 2 August, with an update to its consolidated revenue outlook for 2023 which is now CAD2.4 billion-2.5 billion (USD1.8 billion-1.9 billion), up from its previous outlook of CAD2.2 billion-2.4 billion."The significant momentum seen […]

Click here to view original web page at www.world-nuclear-news.org

TUCSON, AZ, Aug. 03, 2023 (GLOBE NEWSWIRE) — Liberty Star Minerals ( “Liberty Star” or the “Company” ) ( OTCMarkets : LBSR ) is pleased to announce President/CEO Brett Gross has been recognized as a Qualified Professional (“QP”) – Mining, by the Mining & Metallurgical Society of America (“ MMSA ”).

As a MMSA Qualified Professional, Mr. Gross has experience as both an engineer and geoscientist “with the requisite experience in mineral exploration, mine development, operations or project assessment, including experience relevant to the subject matter of the project or report, and is a member in good standing of a recognized professional organization.” The MMSA QP can “certify or approve portions of reports that may be relevant to public releases of information (press releases…technical reports, etc.) that may influence the investing behavior of the public or a company’s shareholders.” ( MMSA/QP Membership )

Liberty Star’s Board Chairman Pete O’Heeron notes, “we […]

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Table of Contents Key Takeaway Introduction to Global X Uranium ETF Facts about Global X Uranium ETF Investment Potential of Global X Uranium ETF Market Trends and Outlook Benefits and Risks of Investing in Global X Uranium ETF Frequently Asked Questions Key Takeaway

Investing in the Global X Uranium ETF can provide exposure to the growing uranium sector and potential long-term returns. However, it also carries risks associated with the volatile nature of commodity-based investments. It is essential to conduct thorough research, diversify your portfolio, and consult with financial advisors before making any investment decisions. Introduction to Global X Uranium ETF

The Global X Uranium ETF is an exchange-traded fund that tracks the performance of companies involved in the uranium mining industry. This ETF provides investors with an opportunity to gain exposure to the global uranium market without owning individual stocks. By investing in the Global X Uranium ETF, […]

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A survey and exploration facility of uranium of China National Nuclear Corporation (CNNC) File photo: Courtesy of CNNC The military coup in Niger may push up uranium prices in the near future due to reduced supplies, Chinese experts said on Thursday, but the crisis will have little impact on China, which has achieved a breakthrough in uranium exploration.

Niger’s Defense and Security Forces said on July 26 that soldiers had overthrown President Mohamed Bazoum, hours after he was allegedly held hostage, the Xinhua News Agency reported.

Uranium is the heaviest element that is used in nuclear power, medicine and defense. As the world shifts toward cleaner energy resources and countries pursue carbon neutrality, the competition for uranium will intensify, experts said.

The coup in the West African country, which is rich in uranium, has created uncertainty over market supply.According to data from the Chinese Ministry of Commerce, as of 2020, Niger had […]

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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 ) – Cameco (TSX: CCO ) (NYSE: CCJ ), one of the largest global producers of uranium fuel, today reported net earnings of C$14 million and adjusted net losses of C$3 million in Q2 2023, compared to net earnings of C$84 million and adjusted net earnings of C$72 million in Q2 2022.

The company said its Q2 2023 results reflect "normal" quarterly variations in contract deliveries, "which were expected to be lower than in the second quarter of 2022."

"Unrealized losses on our US dollar cash balances, reflected in the C$44 million of reported foreign exchange losses for the quarter, contributed to lower net earnings and adjusted net earnings compared to in the same period of […]

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Image credit: [WikiImages]@pixabay A French nuclear fuels company which mines for uranium in Niger, says its operations are continuing in the conflict-ridden West African nation.

This comes as reports suggested that Niger, which had been hit by a military coup last week, had suspended uranium and gold exports to France.

The Orano group, in updates on July 28 and August 1, said it has been present in Niger for 50 years through three companies incorporated under Niger law.

“To date, activities at the operational sites in Arlit and at the headquarters in Niamey are continuing with an adapted organisation in the context of the curfew in place throughout Niger,” said Orano.The Group further stated that the security of all the employees in Niger as well as that of our operational sites continues to be ensured with reinforced vigilance.“Orano’s management continues to monitor the events with the utmost attention, in liaison with […]

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A Cameco employee in northern Saskatchewan. The Saskatoon-based miner expects to sell more uranium this year as demand for nuclear energy increases. Article content

Uranium miner Cameco Corp. has raised its consolidated revenue outlook for 2023 as demand for nuclear power grows in the transition away from fossil fuels, even as the company reported a 14 per cent drop in revenue in its second quarter.

The Saskatoon-based company on Aug. 2 said it expects to sell higher volumes of uranium this year, and also reported higher long-term contracting numbers. Article content

Article content Cameco said that as of June 30, its long-term commitments require an average annual delivery of 28 million pounds of uranium over the next five years as opposed to the 26 million pounds reported at the end of March. The company also said it hopes to deliver between 31 million and 33 million pounds of uranium this […]

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Boss Energy (ASX: BOE) is celebrating the arrival onsite of the first set of NIMCIX loading and elution columns for the new Ion Exchange (IX) circuit, a key milestone at its Honeymoon Uranium project in South Australia.

Boss selected IX technology as a central component of its Honeymoon processing plant as the company is confident it will enable highly efficient capture, concentration and purification of the uranium from the wellfields. Globally renowned technology

IX has been embraced by many of the largest global uranium producers such as Husab in Namibia, Ranger in Australia, and Priargunski / Krasnokamensk in Russia. Invest in the latest ASX IPOs and placements

Managing director Duncan Craib said the use of the popular technology will lead to increased throughput, more production and lower costs than was possible using the solvent extraction system previously employed at Honeymoon.Boss confirmed that upside during extensive testing undertaken by the company and […]

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TradeTech’s® Long-Term Uranium Price Indicator climbed to US$57.75 per pound U3O8 in July–the highest level in a decade as the nuclear power industry plans for global growth to support security of energy supply and climate goals.

ENGLEWOOD, Colo., Aug. 1, 2023 /PRNewswire-PRWeb/ — TradeTech’s® Long-Term Uranium Price Indicator climbed to US$57.75 per pound uranium oxide (U3O8) in July–the highest level in a decade as the nuclear power industry plans for global growth to support security of energy supply and climate goals.

Meanwhile, several supply-side developments, including delays to planned uranium production and higher cost estimates, threaten to deepen an existing supply deficit in the uranium market. As a result, TradeTech’s monthly uranium Production Cost Indicator™ (PCI) increased 0.2 percent to $55.30 per pound U3O8 on July 31, and is up 5 percent from a year ago (1). This month’s marginal increase in the PCI indicates potential volatility is on the horizon, […]

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Fintel reports that on August 1, 2023, HC Wainwright & Co. reiterated coverage of Uranium Energy ( AMEX:UEC ) with a Buy recommendation.

Analyst Price Forecast Suggests 93.23% Upside

As of July 6, 2023, the average one-year price target for Uranium Energy is 6.96. The forecasts range from a low of 6.06 to a high of $8.40. The average price target represents an increase of 93.23% from its latest reported closing price of 3.60.

See our leaderboard of companies with the largest price target upside.The projected annual revenue for Uranium Energy is 27MM, a decrease of 76.44%. The projected annual non-GAAP EPS is -0.04. What is the Fund Sentiment? There are 359 funds or institutions reporting positions in Uranium Energy. This is an increase of 17 owner(s) or 4.97% in the last quarter. Average portfolio weight of all funds dedicated to UEC is 0.18%, an increase of 4.54%. Total shares […]

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Cameco announces second quarter results; gross profit benefitting from transition to tier-one run rate; full-year revenue outlook increased driven by improving market fundamentals; uranium market is moving toward replacement-rate contracting

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2023, in accordance with International Financial Reporting Standards (IFRS).

“Our financial performance, which reflects the expected quarterly variation in our contract deliveries this year, is benefitting from our strategic decisions, with gross profit improving as we transition to our tier-one run rate. The significant momentum seen in the nuclear energy industry and the heightened supply risk caused by geopolitical developments are translating into increased opportunities for Cameco. As a result, for 2023, we have increased our consolidated revenue outlook, which is primarily driven by higher expected average realized prices under our contract portfolio and increased deliveries in our uranium […]

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Skyharbour Resources Ltd Vancouver, BC , Aug. 01, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has acquired by staking seven new prospective uranium exploration claims in Northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 518,302 ha (1,215,941 acres) across 24 projects. These 100% owned claims add an additional 13,945 ha to Skyharbour’s existing holdings in and around the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the Company remains focused on its co-flagship Russell Lake and Moore projects, these new properties will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance these assets.

Skyharbour’s New Uranium Project […]

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TSXV:EU

DALLAS, July 31, 2023 /CNW/ – enCore Energy Corp. (" enCore " or the " Company ") (NYSE American: EU) (TSXV: EU) announced that on July 27 th , 2023 the United States (U.S.) Senate voted overwhelmingly to create a Nuclear Fuel Security Program aimed at bolstering U.S. domestic supplies of uranium, the essential fuel for nuclear energy. The bi-partisan Nuclear Fuel Security Act was introduced in February by Senator Barrasso (R-WY) and co-sponsored by Senators Manchin (D-WV) and Risch (R-ID). The Senate overwhelmingly passed this bipartisan legislation by a vote of 96-3 for inclusion in the fiscal year 2024 National Defense Authorization Act. enCore Energy Logo (CNW Group/enCore Energy Corp.) The Nuclear Fuel Security Act of 2023 establishes a Nuclear Fuel Security Program to increase domestic production and ensure the availability of domestically produced, converted and enriched uranium.

Paul Goranson, Chief Executive Officer stated "The U.S. […]

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Stock image. “We created a really interesting marketing ploy – attaching our in-ground verified uranium resources to a stable token backed by cryptocurrency. It’s an opportunity for investors to get leveraged to the uranium price, and we think the timing is perfect,” Parnham told The Northern Miner in an interview.

Madison is working on launching its strategy, aimed at disrupting traditional mining funding by tokenizing the company’s uranium resources, in the next six weeks. It signed a forward sales agreement with an international bank on June 1 to supply 20 million lb. of uranium via a token, providing an alternative funding source for the company.

“This disruption in how we fund junior mining companies using cryptocurrency and a forward sales agreement is a bit early for the traditional mining approach, but sometimes you have to take a little risk to do something unique and different,” Parnham says.

If successful, it would provide […]

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F3 Uranium

INVESTOR PRESENTATION

F3URANIUM.COM

TSX-V : FUU | OTCQB: FUUFF | FSE:2F3ASummer 2023DISCLAIMERThis presentation contains certain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "potential" or similar terminology. Forward-looking statements in this presentation include, but are not limited to, statements and information related to the potential and demand of nuclear power and uranium; the advantages of small modular reactors; the use of survey and technical information; the plans and objectives of F3 Uranium Corp. (the "Company") with respect to the Patterson Lake North property("PLN") and the timing related thereto, including with respect to future drilling programs; and other statements regarding future plans, expectations, projections, objectives, estimates,guidance and forecasts, as well as statements as to management’s expectations with respect to such matters. Forward-looking statements are not historical […]

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Vancouver, BC , Aug. 01, 2023 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) is pleased to announce that it has acquired by staking seven new prospective uranium exploration claims in Northern Saskatchewan, increasing Skyharbour’s total land package that it has ownership interest in to 518,302 ha (1,215,941 acres) across 24 projects. These 100% owned claims add an additional 13,945 ha to Skyharbour’s existing holdings in and around the Athabasca Basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the Company remains focused on its co-flagship Russell Lake and Moore projects, these new properties will become a part of Skyharbour’s prospect generator business as the Company will seek strategic partners to advance these assets.

Skyharbour’s New Uranium Project Portfolio Map List […]

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

Staff Writer

Russian state-owned atomic energy firm, Rosatom plans to begin mining uranium in Namibia by 2029, with an initial investment of roughly N$9 billion.

The firm, through its worldwide mining company Uranium One, intends to finish the prospecting and exploring phase of the Wings project by 2026.

Exploration began in 2010, with geological studies completed between 2018 and 2021 establishing the presence of a substantial uranium deposit of the sandstone type with a 25 year support.The project’s annual output is estimated to be 3,000 metric tons of uranium and Uranium One will use the In Situ Leaching (ISL) technology, which is the primary method of uranium mining around the world but a first in Namibia, to ensure effective and sustainable output.With an anticipated lifespan of 25 years, the project will move on to the next stage of development after data collecting, an environmental impact analysis, and cost estimates.Wings Project Manager, […]

Click here to view original web page at www.observer24.com.na

It’s the quarterly season again as the ASX market announcements page becomes increasingly flooded with update lodgements.

To save you the trouble of trudging through it all, we’ve wrapped up the highlights from some of the reports that caught our eye. Golden State Mining (ASX:GSM)

During the quarter, lithium and gold explorer GSM acquired exploration rights adjacent to the Nomad lithium prospect at its Yule project in the Pilbara. This grows its ground position at Yule to ~766km2 in a region that hosts hard rock lithium players and Tier 1 gold discoveries like Pilbara Minerals (ASX:PLS), Mineral Resources (ASX:MIN), De Grey Mining (ASX:DEG), Azure Minerals (ASX:AZS) and Wildcat Resources (ASX:WC8).

Around +2000m of RC drilling is planned for the Nomad prospect for the September quarter.The company is also focused on the Paynes Find Central target at its Paynes Find lithium project, which is a ~2.5km target zone delineated on […]

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Calls are becoming more urgent for increased nuclear capacity globally.

-Nuclear capacity a pressing issue in Europe
-New and restarted generation projects increasing
-Uranium supply remains beholden to geopolitics

The Centre for Energy and Climate at the French Institute of International Relations said last week long-term operation of nuclear power plants in Europe needs to be a strategic decision taken to maintain the future stability and resilience of the electricity grid, as the region moves toward a dominant share of intermittent renewable energy sources in its generation mix, industry consultant TradeTech reports.During the recent NuclearEurope 2023 conference held in Lyon, the director told attendees a decision is needed because as European electricity demand increases, the region may have its lowest level of available baseload capacity, particularly as baseload plants such as coal are shut down. Similar messages are emerging from Japan, Canada, the US and other countries.As unprecedented heatwaves […]

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Pic: RichVintage/E+ via Getty Images share

U308 now trading at uS$56/lb, up from under US$20lb in 2016

60 new reactors under construction, 104 planned, 338 proposed

China now becoming a major player John Borshoff last year warned nuclear utilities which had failed to incentivise new uranium mines into production would find themselves caught out just like carmakers desperately short of lithium, who found themselves paying through the nose last year as their EV production plans ramped up. Now the boss of uranium hopeful Deep Yellow (ASX:DYL) , which sees a pathway to developing its Tumas mine in Namibia by 2026, says his conviction in uranium’s bull case is even firmer.Famously volatile spot prices have been among the few commodity indexes to have an air of stability this year.Having languished as low as under US$20/lb — deep in lossmaking territory for most producers — when the former Paladin Energy (ASX:PDN) […]

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Metals exposure extends beyond just the metal itself. Ample opportunities exist for miners, and Sprott has a pair of options worth considering given the upside in gold and uranium.

As a hawkish Fed continues to ramp up rate hikes, inflation is proving to be more stubborn than anticipated. As such, the potential for a recession continues to loom. This makes the case for gold as a safe haven asset as well as a portfolio diversifier.

“Gold bullion has unequivocally demonstrated its long-term value as a risk diversifier,” a Sprott analysis noted. “The notion that it deserves to be positioned as a defensive anchor in a balanced equity investment strategy (and perhaps in a more meaningful ratio than fixed income) is gaining traction.”

Given this, a mining opportunity exists in the Sprott Gold Miners ETF (SGDM) . If gold demand continues to rise, this can have a domino effect on the performance of […]

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Not a member ? Free registration Latest news about World Uranium Index (USD) EnCore Energy Commends Move To Increase US Uranium Production 1h ago MT EnCore Energy Corp Brief: Commending United States Senate Move to Increase Domestic Uranium Production 2h ago MT China’s oil and uranium business in Niger 4h ago RE Yellow Cake quarterly net asset value grows from uranium price rise 4h ago AN Niger loses aid as Western countries condemn coup Jul. 29 RE Uranium mines in Niger, world’s 7th biggest producer Jul. 28 RE US says largest solar project could be built on Energy Dept land Jul. 28 RE ‘Exiled’ Russian mercenary boss Prigozhin hails Niger coup, touts services Jul. 28 RE Pod Point cuts outlook; CVS Group buys in Australia Jul. 27 AN Global Atomic Says Situation in Niger Has Not Impacted Dasa […]

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This article is reserved for members

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Not a member ? Free registration Latest news about World Uranium Index (USD) EnCore Energy Commends Move To Increase US Uranium Production 1h ago MT EnCore Energy Corp Brief: Commending United States Senate Move to Increase Domestic Uranium Production 2h ago MT China’s oil and uranium business in Niger 4h ago RE Yellow Cake quarterly net asset value grows from uranium price rise 4h ago AN Niger loses aid as Western countries condemn coup Jul. 29 RE Uranium mines in Niger, world’s 7th biggest producer Jul. 28 RE US says largest solar project could be built on Energy Dept land Jul. 28 RE ‘Exiled’ Russian mercenary boss Prigozhin hails Niger coup, touts services Jul. 28 RE Pod Point cuts outlook; CVS Group buys in Australia Jul. 27 AN Global Atomic Says Situation in Niger Has Not Impacted Dasa […]

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NEW YORK, July 31, 2023 /PRNewswire/ — The uranium market is estimated to increase by USD 1,600.05 million from 2022 to 2027, with a CAGR of 7.06% , according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region. Discover some insights on market size before buying the full report – Request a sample report

Uranium Market 2023-2027 – Vendor Scope

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Technavio has announced its latest market research report titled Global Uranium Market The uranium market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed Below –
A Cap Energy Ltd., Altius Minerals Corp., Aurora Energy Metals, Berkeley Energia Ltd., Cameco Corp., CGN Mining Co. Ltd., China National Nuclear Corp., Deep Yellow Ltd., Denison Mines Corp., Energy Fuels Inc., Fission Uranium Corp., National […]

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