Tag: uranium

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 […]

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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 […]

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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 […]

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(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 […]

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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

[…]

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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(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 […]

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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 […]

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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 […]

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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 […]

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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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( 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 Capital Markets Advisory service firm. Specifically, it provides guidance and […]

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Vancouver, BC

–News Direct– The ongoing global energy crisis has created a nuclear revival, fueling Asia to give the once-disregarded nuclear power industry a second chance. 1

Japan and South Korea are repealing anti-nuclear legislation, while China and India are planning to build more reactors to avoid future supply problems and reduce emissions. Even developing nations in Southeast Asia are interested in atomic technology.

The embrace of nuclear energy comes as natural gas and coal prices, the two fossil fuels used to create the majority of Asia’s power, reached all-time highs this year as a result of Russia’s invasion of Ukraine. As the globe moves away from Russia, a key fuel supplier, supply will stay constrained and prices will remain high for the foreseeable future. Here is how you can potentially earn an extra $3,000 every month… Imagine if you can follow along a full-time trader and just make the same […]

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Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (Frankfurt: G12) confirmed that based on initial reports joint venture zinc recycling operation employees have been contacted and are physically unharmed. The plant appears to have received only minor damage due to this week’s earthquake. Global Atomic Corporation Logo (CNW Group/Global Atomic Corporation) At the time of the earthquake, the zinc operation was under a scheduled maintenance shutdown. As communications and power are restored in the region, a thorough assessment of the plant will be conducted .

Global Atomic President and CEO, Stephen G. Roman commented, " We extend our sympathies and condolences to all those affected by this event. The plant was a new build in 2019 and built to modern standards, which include preventive engineering and construction methods employed in earthquake regions. The impact of this earthquake in the region was extensive and we will provide […]

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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 […]

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Press Release

The Global Uranium Market 2023 research report shows the Most Valuable Information such as Cost of Manufacturing, Financial Analysis, and Top Countries Analysis across the World. It provides 115 Pages report in this report and Future Outlook up to 2025.

The MarketWatch News Department was not involved in the creation of this content.

Feb 13, 2023 (The Expresswire) — The Uranium Market (2023-2025) Research Updated Report | Market includes the most useful information such as [Granite-Type Uranium Deposits, Volcanic-Type Uranium Deposits, Sandstone-Type Uranium Deposits] types and the Application such as [Military, Electricity, Medical]. The Key Top Players in the market and discusses recent market analyses includes 115 Pages and Tables and Figures. The forecast period for the top nations from 2023 to 2025. "As per our most recent Research report, the Global Uranium Market was booming over the world and is future expectation of market […]

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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 […]

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New Jersey (United States) – The Uranium Mine Market research report provides all the information related to the industry. It gives the market’s outlook by giving authentic data to its client, which helps to make essential decisions. It provides an overview of the market, which includes its definition, applications and developments, and manufacturing technology. This Uranium Mine market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

Get the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this report @: https://www.mraccuracyreports.com/report-sample/504058

Some of the Top companies Influencing in this Market include:

Sopamin, Rio Tinto, Orano, Navoi Mining, Kazatomprom, General Atomics/Quasar, CNNC, CGN, Cameco, BHP Billiton, ARMZ Uranium Holding Market Scenario: Firstly, this Uranium Mine research report introduces the market by providing an overview […]

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The most recent report that Telemark Asset Management LLC has submitted to the Securities and Exchange Commission (SEC) indicates that the company made a new investment purchase in Cameco Company (NYSE: CCJ) (TSE: CCO) during the third quarter of this year.

The fund purchased a total of 300,000 shares of stock in the company that deals in fundamental materials at approximately $7,953,000.

Because Telemark Asset Management LLC holds a 1.2% stake in Cameco, the investment is ranked as the 28th most important in the company’s portfolio.

The most recent disclosure that Telemark Asset Management LLC made to the SEC indicated that the company owned approximately 0.07% of CameCoHedge funds and other institutional investors have actively traded shares of CCJ over the most recent few months.In the first three months of this year, Mirae Asset Global Investments Co Ltd increased the amount of Cameco stock owned by 37.4%, bringing its total ownership percentage […]

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