Tag: uranium

www.123rf.com Deep Yellow is operating as a significantly larger uranium company, following the successful merger with Vimy Resources.

The transaction, announced on 31 March 2022, combines two advanced, geographically diverse uranium projects, with a combined project portfolio placing Deep Yellow in a unique position as one of the few uranium companies globally with multi-asset exposure and development optionality to deliver its stated incentive-driven production target post-2025, given the necessary incentive uranium price. The completion of the merger has also consolidated a world-class exploration portfolio across two Tier-1 mining jurisdictions, particularly the highly prospective Alligator Project, able to support the Company’s ambitious strategy of establishing +10 Mlb production per annum.

Deep Yellow is now the only ASX-listed company with two advanced, near development ready uranium operations. The Tumas Project located in Namibia, will complete its DFS by end CY22 with potential to produce 3 Mlb U3O8 p.a.

The Mulga Rock Project located […]

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Merger Completed Creating a Standout Global Uranium Player Perth, Australia (ABN Newswire) – Today marks the first day Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is operating as a significantly larger uranium company, following the successful merger with Vimy Resources Limited (Vimy) announced on 31 March 2022.

The transaction, announced on 31 March 2022, combines two advanced, geographically diverse uranium projects, with a combined project portfolio placing Deep Yellow in a unique position as one of the few uranium companies globally with multi-asset exposure and development optionality to deliver its stated incentive-driven production target post-2025, given the necessary incentive uranium price. The completion of the merger has also consolidated a world-class exploration portfolio across two Tier-1 mining jurisdictions, particularly the highly prospective Alligator Project, able to support the Company’s ambitious strategy of establishing +10Mlb production per annum.

Deep Yellow is now the only ASX-listed company with two advanced, near development ready uranium […]

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Denison Mines logo (CNW Group/Denison Mines Corp.) TORONTO, Aug. 4, 2022 /CNW/ – Denison Mines Corp. (‘Denison’ or the ‘Company’) (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended June 30, 2022. Both documents will be available on the Company’s website at www.denisonmines.com , SEDAR (at www.sedar.com ) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. PDF Version

David Cates, President and CEO of Denison commented, "During the second quarter, Denison capitalized on rising uranium prices with the sale of the Company’s share of Canadian-origin production received from the successful SABRE mining test completed by the McClean Lake Joint Venture (‘MLJV’) in 2021. The SABRE test resulted in the production of […]

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Results Support Geological Model at Nearby Resting and Halfway Projects

New On-site Videos for the West McArthur Uranium Project Available on Website

Vancouver, British Columbia–(Newsfile Corp. – August 4, 2022) – CanAlaska Uranium Ltd. (TSXV: CVV) ( OTCQX: CVVUF) (FSE: DH7N ) ("CanAlaska or the "Company") is pleased to announce assay results from the winter 2022 drill program have confirmed the presence of high-grade nickel mineralization on the Manibridge project, located in the Thompson Nickel Belt, Manitoba (Table 1). The drill program successfully intersected high-grade nickel-sulphide mineralization in all six holes over a one-kilometre strike length within the shadow of the past-producing Manibridge mine that produced 1.3 million tonnes at 2.55% nickel and 0.27% copper from 1971 to 1977 (Figure 1). Figure 1 – Manibridge Project Location

Highlights from the drill program include: MNB004, which intersected 0.92% Ni eq. over 32.95 m , from 150.45 m, […]

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ASX uranium shares are “down materially and have completely decoupled with the other energy groups for no really good reason at all”, according to energy, mining, and commodities expert Ben Cleary.

Cleary is the portfolio manager of listed investment company (LIC) Tribeca Global Natural Resources Ltd (ASX: TGF).

In an interview with Livewire , Cleary said he was “very bullish” on uranium shares. What’s happening with ASX uranium shares?

Cleary said uranium shares have lost value recently but are well-positioned for a big future. This is especially because several governments have recently approved the commodity for energy generation.Cleary said: Uranium correlates very well with other energy commodities, whether it’s gas or coal or oil — as it should do because it’s obviously competing as an alternative energy source. However, year to date, uranium equities are down materially and have completely decoupled with the other energy groups for no really good […]

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→ The U.S. Solution to China’s Copper Grab (Ad) Uranium Energy SG Americas Securities LLC grew its stake in shares of Uranium Energy Corp. ( NYSEAMERICAN:UEC – Get Rating ) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,698 shares of the basic materials company’s stock after purchasing an additional 7,627 shares during the quarter. SG Americas Securities LLC’s holdings in Uranium Energy were worth $660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of Uranium Energy by 85.6% in the 4th quarter. State Street Corp now owns 27,131,990 shares of the basic materials company’s stock worth $90,892,000 after acquiring an additional 12,511,667 shares during the period. Mirae Asset […]

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Ur-Energy Inc. LITTLETON, CO / ACCESSWIRE / August 2, 2022 / Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (the "Company" or "Ur-Energy") has filed the Company’s Form 10-Q for the quarter ended June 30, 2022, with the U.S. Securities and Exchange Commission at www.sec.gov/edgar.shtml and with Canadian securities authorities at www.sedar.com .

Ur-Energy CEO, John Cash said, "2022 has been an exciting year for Ur-Energy thus far with several, recent notable developments. We have maintained a strong cash position as we continue to build-out header house 2-4 and its associated mine production unit, which will ultimately accelerate our ability to ramp up to full production when market conditions warrant. Initial field testing of our patented well installation technology has been successful and will continue into August when we expect to seek final agency approval if testing is completed successfully.

"Finally, I am happy to report that last week we responded to the Department […]

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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Kazakhstan’s Kazatomprom (LSE: KAP), the world’s largest uranium producer, announced today that the company produced 2,729 tonnes of uranium (as U3O8) in Q2 2022 on an attributable basis, which is 11% lower than in Q2 2021 (3,073 tonnes).

According to the company’s press-release, overall, uranium production in Kazakhstan (100% of KAP and its partners’ production) was 5,116 tonnes in Q2 2022, a 7% decline over Q2 2021 (5,526 tonnes).

"Production on a 100% basis was lower in the second quarter compared to the same period in 2021, due to the impact of the COVID-19 pandemic on wellfield development in 2021," the company said in a statement.

KAP explained that there is typically an eight- to ten-month lag […]

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Written by Summary

We have rejected a few different uranium plays before.

The challenge has always been the valuation, even if we liked the story.

Denison is one name with potential. Looking for higher risk/reward options trading ideas? I offer this and much more at my exclusive investing ideas service, Conservative Income Portfolio. Learn More » JacobH We have covered Cameco Corporation ( CCJ ), Sprott Physical Uranium Trust ( OTCPK:SRUUF ), and Uranium Royalty Corp ( UROY ) from the uranium universe in the past. We have been bullish on only one of the three during the course of our coverage, choosing to remain neutral on the other two. Today, we look at a fourth uranium play, Denison Mines Corp (NYSE: DNN ).Based in Canada, DNN is a uranium exploration and development company primarily operating in Saskatchewan. Denison Presentation It also participates in decommissioning or post-closure mine […]

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For the readers interested in the stock health of Uranium Energy Corp. (UEC). It is currently valued at $4.05. When the transactions were called off in the previous session, Stock hit the highs of $4.25, after setting-off with the price of $4.00. Company’s stock value dipped to $3.97 during the trading on the day. When the trading was stopped its value was $4.20.Recently in News on July 28, 2022, Uranium Energy Corp announces receipt of a competing offer to acquire UEX Corporation. Uranium Energy Corp. (NYSE American: UEC) (the “Company” or “UEC”) announces that it has received a notice from UEX Corporation (“UEX”) that Denison Mines Corp. (“Denison”) has made an acquisition proposal for all of the issued and outstanding shares of UEX (the “Denison Proposal”) pursuant to a plan of arrangement. UEX has further advised UEC that the board of directors of UEX has determined that the Denison […]

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RHJ Investment Thesis

Cameco (NYSE: CCJ ) reported 12.9% of adjusted net earnings margins. Not only is this a massive improvement from Q1, but it’s a truly impressive improvement from the same period a year ago, which was marked by negative double digits in adjusted earnings margin.

That’s not to say that the sky is rosy and the outlook is sizzling strong. However, we are talking about a business that is now in a markedly different position from last year and there are reasons to conclude that Cameco’s prospects could substantially improve going forward.

I believe that paying 6x this year’s revenues is a very fair multiple for this investment. Here’s why: Revenue Growth Rates Likely to Remain Elevated, But Cameco Fails to Revise Its Outlook Upwards Cameco revenue growth rates Cameco reported Q2 2022 revenue growth rates of 55%. This was a mightily impressive result, which saw its revenue growth […]

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The crisis is a boon for nuclear power, and Cameco Corp. (CCJ). Johannes Plenio Gas Crisis in Europe Heats Up Uranium Prices

Winter is coming and Russia is threatening for cut off natural gas supplies to Europe. Politicians are panicking. It is a big opportunity for investors.

Gazprom announced last week that it would cut gas flowing to Germany to only 20% of capacity. The Russia-owned company transports natural gas to Europe through the Nord Stream-1 pipeline.

The crisis is a boon for nuclear power, and Cameco Corp. (CCJ) .Russia cutting supply of natural gas to Europe was a likely outcome. President Vladimir Putin began threatening to choke off supply only weeks after the invasion of Ukraine in retaliation for western sanctions. It is the nightmare scenario for Europe. The International Energy Agency notes that 45% of natural gas supplies in 2021 to the continent flowed from Russia. Now Putin is […]

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Morgan Somers/E+ via Getty Images Introduction

The Weekly Breakout Forecast continues my doctoral research analysis on MDA breakout selections over more than 7 years. This subset of the different portfolios I regularly analyze has now exceeded 260 weeks of public selections as part of this ongoing live forward-testing research. The frequency of 10%+ returns in a week is averaging over 4x the broad market averages in the past 5+ years.

In 2017, the sample size began with 12 stocks, then 8 stocks in 2018, and at members’ request since 2020, I now generate only 4 selections each week. In addition 2 Dow 30 picks are provided, as well as a new active ETF portfolio that competes against a signal ETF model. Monthly Growth & Dividend MDA breakout stocks continue to beat the market each year as well. I offer 11 top models of short and long term value and momentum […]

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1 August JSC National Atomic Company "Kazatomprom" ("Kazatomprom", "KAP" or "the Company") announces the following operations and trading update for the second quarter and half-year ended 30 June 2022. This update provides a summary of recent developments in the uranium industry, as well as provisional information related to the Company’s key second-quarter and half-year operating and trading results, and current 2022 guidance. The information contained in this Operations and Trading Update may be subject to change. Market Overview In a paper titled "Nuclear Power and Secure Energy Transitions," the International Energy Agency (IEA) examined how nuclear energy could aid in resolving the world’s ongoing energy security and climate crisis. The organization concurs that nuclear energy could play a significant role in helping nations securely transition to low-carbon energy generation. According to the IEA, countries that deploy or increase their use of nuclear energy reduce fossil fuels imports and carbon […]

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Commodities are among the most widely traded assets in the world. The size of the commodity service market is US$5.059 trillion, and it grows bigger every year.

This year, the commodity sector is getting more attention than it’s gotten in past years. Earlier this year, Russia invaded Ukraine, which resulted in supply disruptions. For example, Europe’s power supply was challenged when Russia threatened to cut gas shipments. The oil and gas shortages led to very high prices. At one point this year, WTI crude — the kind of oil produced in the U.S. — traded for $123 per barrel, its highest price in years. Since then, crude oil prices have fallen to $95, which is relatively high but not unprecedented.

Still, the debate about commodities rages on. People have been very concerned about oil prices this year, and they may continue to be. On top of that, fertilizer prices have risen […]

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These penny stocks trading at a discount have the potential for a big reversal in the coming quarters.

Mullen Automotive ( MULN ): The company has an agreement with Amazon’s delivery partner for cargo vans and positive developments related to the solid-state battery.

Hive Blockchain ( HIVE ): There’s sustained growth in mining capacity, a strong balance sheet with Bitcoin and Ethereum assets and strategic investment in decentralized finance.

Borr Drilling ( BORR ): It’s got a quality offshore drilling rig fleet, though equity dilution is a concern in the near-term. EBITDA margin expansion is likely if oil sustains around $100 per barrel. Tilray ( TLRY ): The company has a strong presence in all key markets coupled with presence in recreational and medicinal cannabis. Kinross Gold ( KGC ): It has a stable production profile with positive free cash flow visibility and financial flexibility for organic and acquisition […]

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Commodities are among the most widely traded assets in the world. The size of the commodity service market is US$5.059 trillion , and it grows bigger every year.

This year, the commodity sector is getting more attention than it’s gotten in past years. Earlier this year, Russia invaded Ukraine, which resulted in supply disruptions. For example, Europe’s power supply was challenged when Russia threatened to cut gas shipments. The oil and gas shortages led to very high prices. At one point this year, WTI crude — the kind of oil produced in the U.S. — traded for $123 per barrel, its highest price in years. Since then, crude oil prices have fallen to $95, which is relatively high but not unprecedented.

Still, the debate about commodities rages on. People have been very concerned about oil prices this year, and they may continue to be. On top of that, fertilizer prices have […]

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

Sharecast graphic / Josh White Yellow Cake

Long-term uranium investor Yellow Cake reported an estimated net asset value of 434p per share, or $964.5m, at the end of its second quarter on Thursday, consisting of 18.81 million pounds of triuranium octoxide valued at a spot price of $50.50 per pound, and cash and other current assets and liabilities of $14.8m.

The AIM-traded firm said that during the three months ended 30 June, it took delivery of 2.97 million pounds of triuranium octoxide, funded with cash at bank that was already earmarked.

It exercised its option with Kazatomprom to buy back 2,022,846 pounds of triuranium octoxide from Kazatomprom at a cost of $43.25 per pound, or $87.5m in total.That was received by the company at the Cameco storage facility in Canada on 19 May, in accordance with the agreed delivery schedule.Under Kazatomprom’s offer of 26 October 2021, the firm also entered […]

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