Tag: uranium

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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Cameco CEO Tim Gitzel Energy utilities are beginning to pivot towards uranium procurement strategies that more carefully weigh origin risks, uranium major Cameco CEO Tim Gitzel said this week, noting that it was good news for the Canadian company.

He reported that this year had been a contracting success for Cameco, with more than 45-million pounds added to its portfolio of long-term uranium contracts. “We continue to have a significant and growing pipeline of contract discussions,” said Gitzel, but added that the group was “strategically patient”.

“We have significant leverage to market improvements with unencumbered pounds in the ground. Additionally, we are focusing our efforts on capturing conversion business as conversion prices are at record-highs,” he said. Many jurisdictions, which previously placed “too much focus on weather-dependent renewable energy" and are now "struggling with power shortages and spiking prices", were also turning to nuclear for electricity.

But Cameco remained committed to its […]

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For personal use only

QUARTERLY REPORT

FOR THE PERIOD ENDING

30 June 2022ASX: AGEQuarter HighlightsAlligator Energy Limited ("Alligator", "AGE" or the "Company") is pleased to release the 30 June 2022 Quarterly Activities Report.For personal use onlyUranium Receipt of final assay results from the Blackbush Deposit Phase 1 sonic core drilling program continue to confirm high-grade uranium over anticipated intervals and authenticate uranium grades obtained from the downhole PFN tool in AGE’s rotary-mud holes (drilled in March 2022) in addition to grades reported from historical drilling. AMC Consultants (Perth) commenced resource re-estimation of the Blackbush Deposit based on the additional infill drilling results and review of historical results. This has the objective of confirming a JORC-compliant indicated portion (plus a revised inferred potion) of the previous global 32.7mlb1 inferred resource, targeting areas amenable to In-Situ Recovery (ISR) at a higher cut-off grade. Wallbridge Gilbert Aztec (Adelaide) has commenced a Scoping Study […]

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Mention nuclear energy as a viable investment category and chances are, you’ll eventually encounter some hesitation from your audience. While the best uranium stocks to buy now offer myriad opportunities, controversy clouds the sector. With incidents ranging from Three Mile Island to Chernobyl to most recently Fukushima, going nuclear has long been a tough pill to swallow.

However, the best uranium stocks to buy now may have received a cynical boost from one Vladimir Putin. As you know, the Russian president ordered the invasion of Ukraine, which has completely unsettled the modern global order. Now, international policymakers are scrambling to find acceptable alternatives to Russian hydrocarbons. Unfortunately, no other power source features the energy density of nuclear facilities.

What’s more, European countries who are highly dependent on Russian natural gas have over the years taken down many their nuclear powerplants . This unfortunate move in hindsight makes western nations even more […]

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Corporate Update

July 2022

Uranium Development & Exploration

The Athabasca Basin, Northern SaskatchewanCautionary Statements & ReferencesThis presentation and the information contained herein is designed to help you understand management’s current views, and may not be appropriate for other purposes. This presentation contains information relating to the uranium market, third party and provincial infrastructure, and the plans and availability thereof, derived from third-party publications and reports which Denison believes are reliable but have not been independently verified by the Company.Certain information contained in this presentation constitutes "forward-looking information", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation concerning the business, operations and financial performance and condition of Denison. Generally, these forward-lookingstatements can be identified by the use of forward-lookingterminology such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the negatives and / or variations of such words and phrases, or […]

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Below Arrow – multiple intersections of uranium mineralization were made significantly below Arrow, including 0.10% U 3 O 8 over 7.0 m in AR-21-268 from 1128 m to 1135 m down hole;

Camp East – uranium concentration of 0.10% U 3 O 8 in RK-21-140 from 166 m to 167 m down hole in association with brittle structure and hydrothermal alteration.

Further, NexGen has commenced 2022 drilling focused on regional exploration targets at the 100% owned Rook I project (the "Project"); and an extensive geophysical program over high priority areas of NexGen’s mineral tenure in the southwest Athabasca Basin, Saskatchewan.

Leigh Curyer, Chief Executive Officer, commented: "The intersection of mineralization below the known Arrow Deposit and along trend at Camp East highlights the extent and potential for additional significant discoveries at Rook I. The geology team led by Grant Greenwood are well positioned for the 2022 drilling season which […]

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Skyharbour Resources Ltd Vancouver, BC, July 28, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt) is pleased to provide an update on its plans for its fully funded upcoming fall and winter field season at the East Preston Project in the Athabasca Basin, Saskatchewan, Canada.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:
https://www.skyharbourltd.com/_resources/maps/Sky_EastPreston_20211209.jpg

The primary target area on the East Preston Project is the conductive corridors from the A-Zone through to the G-Zone (A-G Trend) and the K-Zone through to the H and Q-Zones (K-H-Q Trend). Drilling to date has confirmed that identified geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides, and carbonates. Hydrothermal alteration, anomalous radioactivity, and elevated uranium have been demonstrated to exist within these structurally disrupted conductor zones.
Azincourt is planning an extensive drill […]

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Boss Energy ASX BOE decarbonisation trend global energy crisis Honeymoon uranium project Emerging producer Boss Energy (ASX: BOE) has reported a strong June quarter of activity during which it ramped up construction and generated new exploration success at the $113 million Honeymoon uranium project in South Australia.

Managing director Duncan Craib said the company’s progress was underpinned by a strategy which will see it become the country’s newest uranium producer by the end of next year.

“This was a pivotal quarter for us which demonstrated that we are executing our strategy on every level,” he said.

“We made a final investment decision to develop Honeymoon and we are now ramping up construction , ordering key equipment and refurbishing the campsite.”The period was driven by global energy utilities keen to secure uranium supplies amid the energy crisis and ongoing push towards decarbonisation.“There has been a notable increase in the level of enquiries we […]

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(Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt) is pleased to provide an update on its plans for its fully funded upcoming fall and winter field season at the East Preston Project in the Athabasca Basin, Saskatchewan, Canada.

Project Location – Western Athabasca Basin, Saskatchewan, Canada:

The primary target area on the East Preston Project is the conductive corridors from the A-Zone through to the G-Zone (A-G Trend) and the K-Zone through to the H and Q-Zones (K-H-Q Trend). Drilling to date has confirmed that identified geophysical conductors comprise structurally disrupted zones that are host to accumulations of graphite, sulphides, and carbonates. Hydrothermal alteration, anomalous radioactivity, and elevated uranium have been demonstrated to exist within these structurally disrupted conductor zones.

Azincourt is planning an extensive drill program for the fall and winter of 2022-2023. The planned program will consist of approximately 6,000 metres of drilling in 20+ diamond […]

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VANCOUVER, BC, July 28, 2022 /CNW/ – NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE ) (NYSE: NXE) (ASX: NXG) is pleased to announce drill assays from 2021 confirm discovery of a uranium mineralized zone below the known Arrow Deposit and at Camp East: Below Arrow – multiple intersections of uranium mineralization were made significantly below Arrow, including 0.10% U 3 O 8 over 7.0 m in AR-21-268 from 1128 m to 1135 m down hole;

Camp East – uranium concentration of 0.10% U 3 O 8 in RK-21-140 from 166 m to 167 m down hole in association with brittle structure and hydrothermal alteration.

Figure 1: 2022 Exploration Target Areas (CNW Group/NexGen Energy Ltd.) Figure 2: 2021 Exploration Drilling (CNW Group/NexGen Energy Ltd.) Figure 3: 2021 Below Arrow Exploration – Drill holes Completed – Plan View (left) and Cross Section looking Northeast (right) (CNW Group/NexGen Energy Ltd.) […]

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