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Visualizing the Past and Future of Energy Transitions

February 19, 2023 (updated February 19, 2023) Published by

Visualizing the Past and Future of Energy Transitions

As the world gears up for clean energy, looking back at the history of energy transitions can help identify lessons for the future.

What have shifts in the global energy system looked like in the past, and how can we accelerate the ongoing transition?

The above infographic sponsored by CanAlaska Uranium explores the history of shifts in the global energy mix and highlights the key to a faster clean energy transition. This is Part 1 of 4 in the Road to Energy Utopia series . Energy Transitions: A Brief History Prior to the 1800s, people mainly relied on biomass like wood, dry leaves, and charcoal for heating and energy. Carriages driven by animals were the primary means of transport.The first energy transition, from biomass to coal , began with the Industrial Revolution. This shift was largely driven by the rise […]

Ur-Energy Inc. Announces Pricing of Public Offering of Common Shares and Warrants

February 19, 2023 (updated February 19, 2023) Published by

(NYSE American:URG)(

TSX:URE , Financial ) ("Ur-Energy") announced today the pricing of its underwritten public offering of 34,000,000 common shares and accompanying warrants to purchase up to 17,000,000 common shares, at a combined public offering price of $1.18 per common share and accompanying warrant. The exercise price per whole share purchasable from the exercise of the warrants will be $1.50 per common share, and the warrants will expire three years from the date of issuance. Ur-Energy has also granted the underwriters a 30-day option to purchase up to 5,100,000 additional common shares and/or warrants to purchase up to an aggregate of 2,550,000 common shares on the same terms. The gross proceeds to Ur-Energy from this offering are expected to be approximately $40.1 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy, and assuming no exercise of the underwriters’ option to purchase additional […]

New Insights About Uranium Energy Corp. (UEC)

February 19, 2023 (updated February 19, 2023) Published by

Uranium Energy Corp. (AMEX:UEC) concluded the trading at $3.91 on Friday, February 17 with a fall of -1.51% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $3.97 and 5Y monthly beta was reading 2.05 with its price kept floating in the range of $3.86 and $3.98 on the day. Company’s P/E ratio for the trailing 12 months is 355.45. Considering stock’s 52-week price range provides that UEC hit a high price of $6.60 and saw its price falling to a low level of $2.74 during that period. Over a period of past 1-month, stock came adding 7.12% in its value.

With its current market valuation of $1.43 billion, Uranium Energy Corp. is set to declare its quarterly results on Mar 15, 2023 – Mar 20, 2023. Analysts are in estimates of $0 per share for company’s earnings […]

Critical materials start 2023 with a bang

February 19, 2023 (updated February 19, 2023) Published by

We are pleased to introduce Sprott Energy Transition Materials Monthly by Paul Wong, CFA, Market Strategist and Jacob White, ETF Product Manager. At Sprott, we believe the global clean energy transition will grow more urgent as energy markets continue reordering and energy security becomes synonymous with national security. Companies that are upstream in the supply chain may be well positioned to benefit from the increased investment in the critical minerals necessary for the clean energy transition.

Strong Demand-Supply Fundamentals for 2023

As 2022 ended, most of the main bearish risks for the U.S. (rising interest rates), EU (cold winter), and China (zero-COVID) faded suddenly and nearly simultaneously, setting the market for a more pro-cyclical outlook. The upward revision in global growth, the timing effect of the China credit impulse and the surprise ending of China’s zero-COVID policy have provided a tailwind for the metals market. For energy transition […]

Cameco Sees Unusually High Options Volume (NYSE:CCJ)

February 18, 2023 (updated February 18, 2023) Published by

Cameco Co. ( NYSE:CCJ – Get Rating ) (TSE:CCO) was the recipient of unusually large options trading on Thursday. Stock traders purchased 384,705 call options on the company. This is an increase of approximately 1,490% compared to the typical daily volume of 24,198 call options. Cameco Price Performance

→ Most profitable less than $5 stock in the world? (From Oxford Club)

Shares of CCJ opened at $28.75 on Friday. The stock’s 50 day moving average is $24.99 and its two-hundred day moving average is $25.26. Cameco has a twelve month low of $20.01 and a twelve month high of $32.49. The company has a current ratio of 5.92, a quick ratio of 4.74 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $12.44 billion, a PE ratio of 169.13, a P/E/G ratio of 0.68 and a beta of 0.95. Analyst Upgrades and Downgrades

CCJ has been […]

Global Atomic Provides Update on Niger Operations

February 18, 2023 (updated February 18, 2023) Published by

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

Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (FRANKFURT: G12) announced today that it has received notice that a local court in Agadez, Niger issued several orders against one of the Company’s subsidiaries in Niger Société Minere de DASA S.A. avec CA (" SOMIDA "), in response to demands from certain local organizations. SOMIDA is a joint venture between the Company and the Republic of the Niger with the Company owning an 80% interest and the government a 20% interest. Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation) The court issued several orders. One order requires SOMIDA to cease all operations under the Adrar Emoles 4 (" AE4 ") exploration permit, which is held by the Company’s subsidiary, Global Atomic Fuels Corporation. However, Global Atomic Fuels Corporation […]

Uranium Gaining Traction, but Experts Say Patience Still Needed

February 18, 2023 (updated February 18, 2023) Published by

At VRIC, experts including Rick Rule, Nick Hodge, Warren Irwin and Fabi Lara shared their thoughts on where the uranium market is headed.

Uranium experts believe the industry is poised for significant growth, but patience is required for now.

At the most recent Vancouver Resource Investment Conference (VRIC), uranium investors were treated to plenty of advice from top experts who overwhelmingly pointed to growing global appreciation for the commodity.

Here the Investing News Network (INN) presents key takeaways on the uranium market from the show floor at VRIC. Uranium sentiment changing for the better At several panels, Rick Rule , head of Rule Investment Media and a revered figure in the resource industry, hammered home the notion that perspectives are shifting around the world when it comes to uranium. Nick Hodge , co-founder of Digest Publishing, publisher of Daily Profit Cycle and founder of the Hodge Family Office, told […]

Ur-Energy Inc. Announces Pricing of Public Offering of Common Shares and Warrants

February 17, 2023 Published by

February 16, 2023 ( Source ) – Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (“Ur-Energy”) announced today the pricing of its underwritten public offering of 34,000,000 common shares and accompanying warrants to purchase up to 17,000,000 common shares, at a combined public offering price of $1.18 per common share and accompanying warrant. The exercise price per whole share purchasable from the exercise of the warrants will be $1.50 per common share, and the warrants will expire three years from the date of issuance. Ur-Energy has also granted the underwriters a 30-day option to purchase up to 5,100,000 additional common shares and/or warrants to purchase up to an aggregate of 2,550,000 common shares on the same terms. The gross proceeds to Ur-Energy from this offering are expected to be approximately $40.1 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy, and assuming no exercise of the […]

Valor picks up more ground in the hunt for uranium

February 17, 2023 (updated February 17, 2023) Published by

ASX-listed Valor Resources has expanded its ground in the uranium rich Saskatchewan area in Canada, expanding its Surprise Creek tenure by 20 square kilometres. One of the new tenements comes a historical showing of 1.2 per cent copper. Despite both new additions being highly prospective for uranium and copper, very little modern exploration has been completed since the 1980s. Valor Resources has beefed up its ground in Canada. Credit: File ASX-listed Valor Resources has expanded its ground in the uranium rich Saskatchewan area in Canada. The two new tenements add some 20 square kilometres to the company’s existing Surprise Creek tenure, one of which comes a historical showing of 1.2 per cent copper.

Preliminary data suggests the new plots have a similar geology to other mineralisation across the Surprise Creek project. Despite both new additions being prospective for uranium and copper, very little modern exploration has been completed since the […]

Opinion: Nuclear Energy Security – Sleep Walking Into The Next Energy Crisis?

February 17, 2023 Published by

Summary

Nuclear energy produces roughly one-fifth of electricity in the EU and USA.

The uranium market and trade routes are concentrated, making them susceptible to disruption.

A uranium supply shock could spark sky-high prices. peterschreiber.media Commentators fundamentally underappreciate the vulnerability of the West’s nuclear industry to Russia, and the sector may be about to become embroiled in the Russia-West economic conflict. The EU is debating sanctioning Russia’s nuclear sector, with the EU parliament passing a resolution by 489 votes to 36 urging European Union leaders to include sanctions on Russia’s nuclear industry in the 10 th sanctions package, which is expected before the 24 th of February. Tensions will escalate as President Putin uses all means at his disposal to secure a victory in Ukraine, including action to discourage Western support for Ukraine. Nuclear energy produces roughly one-fifth of electricity in the EU and USA. Commentators focus on Russia’s […]

Western Uranium Adds Processing Capabilities to Uranium and Vanadium Project

February 17, 2023 Published by

Dean Bristow February 16, 2023 No Comments The North American uranium market is heating up. In December 2022, the US Department of Energy National Nuclear Security Administration aw arded its first contracts for the US strategic uranium reserve. The reserve is intended to be a backup source of supply for US nuclear power plants in the event of a significant market disruption. Remarkably, this was actually passed by Congress in 2020, well before one of the world’s dominant players in the uranium market alienated most of the world with its incursion into Ukraine.

Typically I don’t like to give self-serving bureaucrats much credit, but at least they got this one right and on a timely basis. Ever since Russian President Vladimir Putin began his “special military operation”, or war for those of us who aren’t worried about 15 years in a Russian prison for calling it that, uranium supply has […]

Cosa Resources Appoints Darren Morgans Chief Financial Officer

February 17, 2023 (updated February 17, 2023) Published by

(TheNewswire) Cosa Resources Corp. ( CSE: COSA ) (" Cosa Resources " or the "Company") is pleased to announce the appointment of Darren Morgans as Chief Financial Officer, effective immediately. Mr. Morgans assumes the role of Chief Financial Officer from Mr. Wes Short, who will continue to serve the Company as a Director and Executive Vice President

"We are very pleased to have Darren join the Cosa Resources team", said Keith Bodnarchuk, President and CEO of Cosa Resources. "Darren is a seasoned financial executive with over 25 years of experience in the mining sector in Canada and Australia and has held the role of CFO for a variety of public mining companies. Darren’s skills greatly complement the current Cosa team, and we look forward to working together on growing the company."

Darren Morgans, a Canadian CPA and Australian CA, has been a practicing finance professional since 1995 and has worked with […]

Uranium Market Shows Strength During Month of January

February 17, 2023 (updated February 17, 2023) Published by

Tailwinds were swiftly blowing behind the uranium markets during the month of January, according to a Sprott report . If the trend continues, consider getting exposure via ancillary services that support the uranium market, such as mining.

“January was a strong month for uranium markets, along with the broad equity and bond markets, but a mixed month for the commodity complex overall,” the Sprott report noted. “The U3O8 uranium spot price rose from $48.31 to $50.75 per pound in January, a 5.05% increase, while uranium mining equities gained 14.65%.”

“In 2022, the fundamentals for uranium and nuclear energy significantly strengthened and were bolstered by a continuous flow of endorsements from global governments,” the report added. “Despite this, uranium mining equities were dragged down in 2022 by their systemic risk to the overall markets, not surprising given last year’s bear market in which the S&P 500 Index fell 18.11%.” Shifting Investor Sentiment

[…]

Ur-Energy Inc. Announces Pricing of Public Offering of Common Shares and Warrants

February 16, 2023 Published by

LITTLETON, CO / ACCESSWIRE / February 16, 2023 / Ur-Energy Inc. (NYSE American:URG)(TSX:URE) ("Ur-Energy") announced today the pricing of its underwritten public offering of 34,000,000 common shares and accompanying warrants to purchase up to 17,000,000 common shares, at a combined public offering price of $1.18 per common share and accompanying warrant. The exercise price per whole share purchasable from the exercise of the warrants will be $1.50 per common share, and the warrants will expire three years from the date of issuance. Ur-Energy has also granted the underwriters a 30-day option to purchase up to 5,100,000 additional common shares and/or warrants to purchase up to an aggregate of 2,550,000 common shares on the same terms. The gross proceeds to Ur-Energy from this offering are expected to be approximately $40.1 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Ur-Energy, and assuming no exercise […]

SPROTT PHYSICAL URANIUM TRUST ANNOUNCES UPDATED “AT-THE-MARKET” EQUITY PROGRAM

February 16, 2023 (updated February 16, 2023) Published by

TORONTO, Feb. 15, 2023 /CNW/ – Sprott Asset Management LP ("Sprott Asset Management"), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the "Trust" or "SPUT"), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has updated its at-the-market equity program (the "ATM Program") to issue up to an additional US$1.3 billion of trust units (the "Units") pursuant to a prospectus supplement dated February 15, 2023 (the "Prospectus Supplement") to the second amended and restated short form base shelf prospectus dated November 22, 2021 (the "Second A&R Shelf Prospectus" and, together with the Prospectus Supplement, the "Offering Documents"). Copies of the Offering Documents are available at www.sedar.com . Distributions will no longer be made under previous ATM Program prospectus supplements, including the prospectus supplement dated November 22, 2021.

Distributions under the ATM Program, if any, […]

enCore Energy Completes Alta Mesa Acquisition; 3rd Licensed In-Situ Recovery Uranium Plant in South Texas

February 15, 2023 Published by

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

FUELING THE FUTURE IN THE UNITED STATES

CORPUS CHRISTI, Texas, Feb. 15, 2023 /PRNewswire/ – enCore Energy Corp. (" enCore " or the " Company ") (NYSE American: EU) (TSXV: EU) is pleased to announce the closing of the acquisition of the Alta Mesa In-Situ Recovery uranium project from Energy Fuels Inc. (the " Alta Mesa Acquisition "). The transaction provides enCore with three licensed uranium in-situ recovery (ISR) processing plants and positions enCore as a leading US-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio. Transaction Highlights Alta Mesa includes a fully-licensed and constructed ISR processing facility that has an operating capacity of 1.5 million pounds of uranium per year. Between Alta Mesa, Rosita and Kingsville Dome, all fully licensed for production, enCore’s ISR processing facilities have a combined potential processing capacity of 3.6 […]

Resolution picks up South Australian silica sand AND uranium project

February 15, 2023 (updated February 15, 2023) Published by

Resolution’s newest project has sweet silica sand and uranium potential. Pic: via Getty Images share

Resolution Minerals is expanding its horizons with the grant of a large landholding in South Australia that is prospective for both high purity silica sands and uranium.

The new George project includes the Etadunna silica sands prospect which has been defined over 1km2 by historical drilling, which returned a top near-surface intersection of 34m grading 99.87% SiO2 (silica) that is open at depth.

Further drilling sampling and a Scoping Study including metallurgical testwork is required at the prospect, which remains open in all directions. Resolution Minerals’ (ASX:RML) timing is exquisite given that high purity silica sand is in demand for an increasing number of industrial and technological products such as electric vehicles and solar panels – both of which require a high purity level.George also has the potential to host underlying Kazakhstan-style roll-front uranium mineralisation […]

$UUUU : Uranium Miner Energy Fuels Reacts from Weekly Blue box

February 15, 2023 (updated February 15, 2023) Published by

Energy Fuels is the largest US miner of the uranium. It produces the uranium both in form of triuranium octoxide and uranium hexafluoride. Besides the core business, the secondary products of Energy Fuels are rare earth elements and vanadium. Founded in 2006, the company has its headquarters in Lakewood, Colorado. One can trade it under the ticker $UUUU at the New York Stock Exchange. Investors in shares of the mining company are participating, therefore, in the company success story on the one hand and in the price development of the uranium commodity on the other.

Currently, we expect a new bullish cycle within the energy commodities like oil, gas, coal and others. Consequently, uranium should turn higher as well. Besides the market correlation in the energy group, the pattern of $UUUU shows a turn higher after 13 years of depressed prices in monthly charts as well. Moreover, weekly chart shows […]

John Cash of Ur-Energy Talks About Higher Uranium Prices and Increasing Production to Meet the Demand

February 15, 2023 Published by

In this InvestorIntel interview, Tracy Weslosky talks to Ur-Energy Inc. ‘s (NYSE American: URG | TSX: URE) President, CEO, and Chairman John Cash about an update on the uranium market. With the US utilities now looking at domestic uranium supply, John provides an update on Ur-Energy’s sales contracts for the supply of uranium with new long-term contracts and strong profit margins.

With total sales quantity now under contract at 600,000 pounds U 3 O 8 per year, John discusses ramping up production at its Lost Creek in-situ uranium mine. John also provides an update on advancing Ur-Energy’s fully-licensed Shirley Basin Project to meet the demand as they continue to close additional sales contracts.

To access the full InvestorIntel interview, click here

Don’t miss other InvestorIntel interviews. Subscribe to the InvestorIntel YouTube channel by clicking here . About Ur-Energy Inc. Ur-Energy is a uranium mining company operating the Lost Creek in-situ […]

ALX Resources Corp. Stakes Crystal Lithium Project, Northern Saskatchewan, Canada

February 14, 2023 (updated February 14, 2023) Published by

Vancouver, British Columbia–(Newsfile Corp. – February 14, 2023) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired by staking the Crystal Lithium Project ("Crystal", or the "Project") in northern Saskatchewan. Crystal is 100%-owned by ALX with no applicable royalties and consists of 54 mineral claims in five claim blocks encompassing 44,587 hectares (110,174 acres), located close to the Saskatchewan-Northwest Territories border near Bailey Lake, SK. ALX acquired Crystal because of its potential to host lithium-cesium-tantalum ("LCT") pegmatites.

Highlights of the Crystal Lithium Project The newly-staked claims at Crystal are situated to the north, south, east and west of a historical lithium showing at Bailey Lake first discovered in boulders and outcrop in 2004. Sampling of a lepidolite pegmatite boulder by the Saskatchewan Geological Survey returned 3,470 parts per million ("ppm") lithium (equal to 0.741% Li 2 […]

Skyharbour Resources Announces Exploration Agreement with English River First Nation

February 14, 2023 (updated February 14, 2023) Published by

(Frankfurt: SC1P ) (the “Company”) is pleased to announce the signing of an Exploration Agreement (the “Agreement”) with English River First Nation ("ERFN") for the Russell Lake and Moore Uranium Projects in respect of Skyharbour’s exploration and evaluation activities within the traditional territory of ERFN.

Russell Lake and Moore Project s Location Map:

The Agreement establishes a framework for a cooperative and mutually beneficial relationship between Skyharbour and ERFN whereby Skyharbour’s exploration and evaluation activities at Russell Lake and Moore are consented to by ERFN and Skyharbour agrees to support ERFN’s interests in relation to community development and benefits, environmental protection and monitoring, as well as sustainable and predictable consultation and engagement processes. Through this cooperative approach, the parties seek to build a strong and positive foundation for Skyharbour to proceed with its exploration and evaluation activities, in the traditional territory of ERFN, in a manner that is informed […]

F3 Engages Red Cloud Financial Services

February 14, 2023 Published by

February 13, 2023 ( Source ) – F3 Uranium Corp ( TSV: FUU ) ( OTCQB: FUUFF ) (“ F3 Uranium ” or the “ Company “) is pleased to announce it has engaged Red Cloud Financial Services Inc. (“ Red Cloud “) on an exclusive basis, and Red Cloud agrees to act as the Company’s independent contractor, to provide to the Company access to a BNN Bloomberg branded ad campaign. The Campaign Services include running a premium broadcast marketing awareness campaign by leveraging the BNN Bloomberg network to their trusted and engaged retail and institutional investor audience. F3 Uranium will pay Red Cloud $8,500 up front, and $8,500 will be paid within 5 days after all the production elements have been approved. This timeline is preliminary in nature and is subject to change. The engagement of Red Cloud is subject to TSX Venture Exchange approval.

Red Cloud is a […]

Uranium Week: Sprott Fired Up

February 14, 2023 Published by

The Sprott Physical Uranium Trust has again raised new funds and is again active in the uranium spot market.

-Speculators pile in
-SPUT raises yet more funds
-Uranium term market interest also increasing

The uranium market saw activity heat up last week in both spot and term trading. For the spot market, it was once again all about speculation.The week saw a total of six transactions concluded totalling 700,000lbs U3O8. The buyers were all either traders or financial entities, industry consultant TradeTech reports, and all transactions were concluded at US$50.50/lb.TradeTech’s weekly spot price indicator has thus fallen -US50c to US$50.50/lb, reversing the prior week’s gain.Having raised additional funds, the Sprott Physical Uranium Trust was again active, and total material held by the fund now totals 60.9mlbs. Sanctions Although the spot uranium price showed little price volatility this week, market participants remain alert, TradeTech notes, as the US House of […]

Resolution picks up South Australian silica sand AND uranium project

February 14, 2023 Published by

Resolution’s newest project has sweet silica sand and uranium potential. Pic: via Getty Images share

Resolution Minerals is expanding its horizons with the grant of a large landholding in South Australia that is prospective for both high purity silica sands and uranium.

The new George project includes the Etadunna silica sands prospect which has been defined over 1km2 by historical drilling, which returned a top near-surface intersection of 34m grading 99.87% SiO2 (silica) that is open at depth.

Further drilling sampling and a Scoping Study including metallurgical testwork is required at the prospect, which remains open in all directions. Resolution Minerals’ (ASX:RML) timing is exquisite given that high purity silica sand is in demand for an increasing number of industrial and technological products such as electric vehicles and solar panels – both of which require a high purity level.George also has the potential to host underlying Kazakhstan-style roll-front uranium mineralisation […]

Uranium Royalty Completes Acquisition of U.S. Uranium Royalty Portfolio from Anfield Energy and Expands Physical Uranium Holdings

February 14, 2023 Published by

U.S. Conventional Mining Royalty Portfolio: a 2% net smelter return royalty on portions of the San Rafael Project, located in Utah, USA and operated by Western Uranium & Vanadium Corp.;

a 2 – 4% sliding scale gross value royalty on portions of the Whirlwind Project, located in Colorado and Utah, USA and operated by Energy Fuels Inc. (" Energy Fuels "); and

a 1% gross value royalty (applicable to uranium and vanadium sales) on portions of the Energy Queen Project, located in Utah, USA and operated by Energy Fuels.

U.S. In-Situ Recovery (ISR) Royalty: a 2 – 4% sliding scale royalty on portions of the Dewey Burdock Project located in South Dakota, USA and operated by enCore Energy Corp. Cash consideration of US$1.5 million was paid by the Company at closing. Physical Uranium Holdings The Company further announces that it has made additional uranium concentrate purchase commitments totaling […]

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