Uranium stocks Articles

Uranium Investing - Uranium Stocks, Mining Companies, Prices and News

Apr 09, 2020 / Staff reporter

Top Gainers$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); });ExchangeSymbolChartCurPricechg | %Ur-EnergyTSXURECAD0.670.1221.82Northern MineralsASXNTUAUD0.030.0012.50Uranium EnergyNYSE-MKTUECUSD0.640.058.32Energy FuelsTSXEFRCAD1.790.127.19Oz MineralsASXOZLAUD7.710.324.33Top Decliners$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigg...Read More

Marenica raises capital for exploration work

Apr 09, 2020 / Esmarie Iannucci

PERTH (miningweekly.com) – Junior Marenica Energy will raise A$1-million after receiving binding commitments for a placement to professional and sophisticated investors.The ASX-listed company will place 26.35-million shares, at a price of 3.8c each, and 26.35-million free attaching options, over two tranches. The first tranche will consist of more than 13.15-million shares and will be issued...Read More

NexGen Energy well positioned to benefit from uranium price increase

April 8, 2020 / Carl Williams

The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and disruption to supply chains around the world. One metal, however, is defiantly bucking the trend.The spot price for uranium oxide in the past few weeks has risen by 14% to over US$27 per lb., ending a...Read More

Uranium week: A wake up call?

Apr 07, 2020 / Greg Peel

Weekly Reports |Apr 07 2020After years of lacklustre uranium prices and a lack of any urgency on the part of utilities, suddenly the virus has markedly changed the nuclear energy equation.-Coronavirus fallout has proved beneficial for uranium prices-Market volumes jump led by financial traders and uranium producers-Current crisis emphasises the need for secure power generation, including via nucle...Read More

Apr 7 Uranium week: A wake up call?

Apr 07 2020 / Greg Peel

Weekly Reports |Apr 07 2020After years of lacklustre uranium prices and a lack of any urgency on the part of utilities, suddenly the virus has markedly changed the nuclear energy equation.-Coronavirus fallout has proved beneficial for uranium prices-Market volumes jump led by financial traders and uranium producers-Current crisis emphasises the need for secure power generation, including via nucle...Read More

Mar 31 Uranium Week: Prices Surge On Mine Shutdowns

Mar 31 2020 / Greg Peel

Weekly Reports |Mar 31 2020The spot uranium price leapt 13% last week as around the globe miners announced temporary shutdowns for the sake of worker safety.-Cameco shuts up shop-Other uranium miners/developers follow suit-Worker safety paramountBy Greg PeelOn a directive from the Canadian and Saskatchewan governments, Cameco last week shut down its 50% owned Cigar Lake uranium mine - the world's...Read More

Mega Uranium Announces Results of Annual Shareholder Meeting

Mar 25, 2020 / Staff reporter

March 25, 2020Toronto, Ontario (March 25, 2020) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares Voted ForShares...Read More

Mar 24 Uranium week: Taking its toll

Mar 24 2020 / Greg Peel

Weekly Reports |Mar 24 2020The virus is having its impact on the uranium industry, sending the spot price under US$24/lb for the first time since July 2018-Virus impacting on electricity producers-And on mining operations-And on project development-And on credit availabilityBy Greg PeelThe US government considers power plants part of the nation's critical infrastructure, and to that end electricit...Read More

URANIUM: Cameco, Orano Canada suspending Sask. operations due to COVID-19

March 24, 2020 / Canadian Mining Journal

Cigar Lake mine Credit: CamecoSASKATCHEWAN - Uranium companies Cameco and Orano Canada are suspending mining and processing activities at their operations in the northern part of the province due to the COVID-19 threat.The two companies jointly agreed to suspend production activities: Cameco operates the high-grade underground Cigar Lake mine, with processing of the ore at Orano's McClean Lake mil...Read More

Mar 16 Uranium Week: Uranium and the virus

Mar 17 2020 / Greg Peel

Weekly Reports |Mar 17 2020Uranium prices have not gone into a spiral along with other assets, but weakness prevails nonetheless.-Uranium mining stocks fall net -17%-DoE asks for comments on US government uranium purchases-Paladin Energy sells KayelekeraBy Greg PeelThe recent coronavirus outbreak has triggered questions related to certain commodities markets, notes uranium industry consultant Trad...Read More

NxGold and Mega Uranium TerminateProposed NxGold Change of Business and Portfolio Acquisitionand NxGold Announces Management Changes

Mar 16, 2020 / Staff reporter

March 16, 2020VANCOUVER, B.C. and TORONTO, ON- March 16, 2020 - NxGold Ltd. (TSXV: NXN) ("NxGold" or the "Company") and Mega Uranium Ltd. (TSX: MGA) ("Mega") announce that, due to adverse market conditions, they have mutually agreed not to proceed with the proposed change of business of NxGold from a mining issuer to a uranium-focused investment issuer and the acquisition of a portfolio of securit...Read More

Mar 3 Uranium week: Keeping a lid on it

Mar 03 2020 / Greg Peel

Weekly Reports |Mar 03 2020Aggressive selling in the uranium market kept a lid on spot prices during February despite increased utility demand.-U3O8 spot price range-bound-February volumes drop from January-Japanese reactor restarts still a slow processBy Greg PeelActivity in the spot uranium market was relatively consistent through the month of February, industry consultant TradeTech reports. Onl...Read More

Feb 25 Uranium week: reactors open, reactors close

Feb 25 2020 / Greg Peel

Weekly Reports |Feb 25 2020Different approaches to nuclear power generation are being taken across the globe.-Congress to assess US uranium reserve proposal-US to open first new reactor in 30 years-France to close its oldest reactorsBy Greg PeelThe Trump Administration has allocated US$150m in its proposed 2021 budget for the creation of a national uranium reserve. The budget will need to be appro...Read More

Trump administration seeks to boost US uranium production

February 20, 2020 / Trish Saywell

As part of U.S. President Donald Trump's proposed federal budget for fiscal 2021, his administration is requesting US$150 million annually over the next decade to stockpile U.S.-mined uranium in a new national uranium reserve.The move is designed to prop up domestic production as a matter of national energy security and re-establish the country's nuclear fuel supply chain.Trump's "Budget for Ameri...Read More

Feb 11 Uranium week: The nuclear conundrum

Feb 11 2020 / Greg Peel

Weekly Reports |Feb 11 2020Lack of demand continues to drag on uranium prices despite ongoing production curtailments, yet nuclear energy remains a matter of cost.-Uranium spot prices drift lower-Production curtailments ongoing-Nuclear power a costly optionBy Greg PeelThe world's largest mining investment conference, now in its 26th year, began in Cape Town last week. Given the tenuous state of So...Read More

URANIUM: IsoEnergy finds strong radioactivity in initial drill holes at Larocque East

February 11, 2020 / MINING.COM Staff

SASKATCHEWAN - IsoEnergy reported that two new intersections of strong radioactivity in initial drill holes were detected during the winter drilling program at the Hurricane zone at its Larocque East project.The property is located in the eastern Athabasca Basin of Saskatchewan, in the Canadian prairies.In a press release, IsoEnergy said that, in the new discovery of high-grade uranium mineralizat...Read More

Haywood bullish on uranium sector fundamentals

February 3, 2020 / Northern Miner Staff

While uranium spot prices were down 14% in 2019, supply and demand fundamentals for uranium are the "most bullish in years," and the sector "offers its most compelling value proposition since pre-Fukushima," Haywood Securities says in a new research note."Looking ahead, we believe we are in the early stages of a long-term bull market for the uranium investment theme and recommend investors begin p...Read More

REPORT: McKinsey outlines climate risks

January 29, 2020 / Canadian Mining Journal

An image from the McKinsey & Co. report Climate Risk & Decarbonization depicting areas projected to be under water stress in 2040. Credit: McKinsey & Co.A new report by global consultancy McKinsey & Co. looks at three key questions the mining sector needs to address in light of climate change. Entitled Climate risk and decarbonization: What every mining CEO needs to know, the report details the po...Read More

Uranium snapshot: Energetic juniors with attractive assets

January 29, 2020 / Northern Miner Staff

While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia EnergyAppia Energy is involved with rare earth and uranium explora...Read More

Jan 27 Uranium week: uncertainty lingers

Jan 28 2020 / Greg Peel

Weekly Reports |Jan 28 2020The uranium market is again in stasis as several lingering issues provide for collective uncertainty.-No response yet to White House Working Group recommendations-No indication regarding Iran sanction waiver expiries-No interest from buyersBy Greg PeelThe global uranium industry has begun 2020 with the same issue besetting it in 2019 - uncertainty.It was two years ago th...Read More