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Vanguard Mining Secures MADES Prospection Permit at Yuty Prometeo Uranium Project Adjacent to UEC's Yuty Deposit
Thenewswire· 2025-11-14 21:05
Core Insights - Vanguard Mining Corp. has received its Environmental License from the Ministry of Environment and Sustainable Development (MADES) for the Yuty Prometeo Uranium Project in Paraguay, marking a significant step in the regulatory process for exploration and development [1][2][3] Company Overview - Vanguard Mining Corp. is focused on the discovery and development of high-value strategic minerals, particularly uranium, in the United States and Paraguay [17] - The company aims to build a strong uranium portfolio in South America, leveraging modern exploration techniques in a historically prospective district [3] Project Details - The Yuty Prometeo Uranium Project encompasses approximately 90,000 hectares (222,395 acres) in the Paraná Basin, a region recognized for its uranium potential [8][10] - The project includes four concessions: three San Jose concessions and one Prometeo concession, with the Prometeo Concession directly adjacent to Uranium Energy Corp.'s Yuty Project, which has an indicated resource of 8.96 million pounds of U₃O₈ [8][11] - Historical drilling on the Prometeo block has shown uranium values ranging from 0.05% to 0.10% U₃O₈, indicating potential for further exploration [11] Regulatory Milestones - Securing the MADES prospection permit is a key milestone that de-risks the path toward full exploration and development authorization for the Yuty Prometeo Project [2][3] - The Paraguayan government is recognized for its political stability and investor-friendly regulatory environment, making it an attractive jurisdiction for mining companies [16] Exploration Activities - The company's technical advisors recently visited the Vice Ministry of Mines and Energy (VMME) core shed in Asunción to review core samples from the project, preparing for upcoming exploration activities [3]
Gamma Resources Commences Work Programs at U.S. Uranium Projects in Utah and New Mexico
Thenewswire· 2025-11-13 12:00
Core Viewpoint - Gamma Resources Ltd. has initiated significant work programs at its Green River Uranium Project in Utah and Mesa Arc Uranium Project in New Mexico, marking a pivotal step in advancing its U.S. uranium portfolio and preparing for resource estimation, permitting, and drilling initiatives [1][3]. Green River Uranium Project – Utah - The Green River Project consists of 41 royalty-free lode claims targeting uranium mineralization in the Salt Wash Member of the Morrison Formation, with historical deposits totaling 5.3 million lbs U₃O₈ and past production of 1 million lbs U₃O₈ [3][4]. - A technical field team has been mobilized to conduct a detailed airborne survey to identify historic boreholes and open collars for downhole gamma logging, with completion expected by the second week of December 2025 [4][5]. - The results from the airborne survey will help define targets for follow-up exploration and additional land acquisition during the first half of 2026 [5][6]. Mesa Arc Uranium Project – New Mexico - The Mesa Arc Project comprises 41 lode mining claims recently expanded by 185 new federal claims, covering approximately 4,520 acres, with historical uranium production and mineralization documented [7][10]. - A 20-hole (6,500 ft) drill program is planned to twin historic holes and test step-out targets, including the Todilto Formation, with permitting submissions to the U.S. Forest Service underway and drilling anticipated to begin in Q2 2026 [6][10]. - The Todilto Formation has a history of over 17 million lbs of U₃O₈ production since the late 1970s, yet has never been drilled on Gamma's ground [10]. Corporate Update - Gamma has engaged Departures Capital Inc. for investor communications and marketing advisory services for an initial term of twelve months at a fee of C$30,000 [11]. Industry Context - The U.S. government has designated uranium as a critical mineral, enabling federal agencies to fast-track permitting and prioritize uranium mining and related infrastructure [17]. - The uranium market is experiencing a historic supply-demand imbalance, with spot uranium prices recovering from lows near US $63/lb in early 2025 to over US $80.00/lb as of October 2025, driven by underinvestment and geopolitical trade tensions [18]. - Nuclear energy is increasingly recognized as a reliable, carbon-free energy source, prompting Western governments to invest in domestic fuel chains and advanced reactor technologies, positioning companies like Gamma favorably in the market [18].
GoviEx Uranium Completes Arrangement with Tombador Iron Limited
Newsfile· 2025-11-13 03:52
Core Viewpoint - GoviEx Uranium Inc. has completed a plan of arrangement with Tombador Iron Limited, resulting in GoviEx becoming a wholly-owned subsidiary of Tombador and forming a new uranium exploration and development company named Atomic Eagle Ltd, expected to be listed on the Australian Securities Exchange [1][2][4]. Group 1: Arrangement Details - The arrangement was overwhelmingly approved by GoviEx shareholders, with approximately 98.7% of votes cast in favor at a special meeting held on October 24, 2025 [2]. - Each holder of a GoviEx common share will receive 0.2534 fully-paid ordinary shares in Tombador for each GoviEx share held, along with replacement options for optionholders and warrantholders [3]. - GoviEx shares are set to be delisted from the TSX Venture Exchange and the OTCQB Venture Market effective November 14, 2025, and the company will cease to be a reporting issuer in Canada [4]. Group 2: Shareholder Actions - Registered shareholders of GoviEx must complete and return a letter of transmittal along with their share certificates to receive the new Tombador shares [5]. - Non-registered shareholders are advised to contact their brokers for assistance in submitting their shares [5]. Group 3: Company Background - GoviEx Uranium Inc. is focused on the exploration and development of uranium properties in Africa, with a principal objective to become a significant uranium producer through its Muntanga Project in Zambia [7].
Eagle Energy Metals reports positive metallurgical results for Aurora uranium project
MINING.COM· 2025-11-13 00:20
Core Insights - Eagle Energy Metals has reported significant metallurgical optimization results from its Aurora uranium project, indicating improved processing efficiency and cost reduction [1][2][5][6] Company Overview - Eagle Energy Metals acquired the Aurora uranium project in 2024, which is claimed to be the largest mineable uranium deposit in the US, located on the Oregon-Nevada border [1][3] - The Aurora deposit contains 32.75 million pounds of Indicated and 4.98 million pounds of Inferred near-surface uranium resources, with potential for expansion from the adjacent Cordex deposit [3] Processing Efficiency - Recent tests showed uranium recoveries in the high-80% range and a ~60% reduction in acid use, which enhances processing efficiency [2] - The leach duration has been reduced from 24 hours to ~12 hours, eliminating the need for ferric sulphate, thus lowering reagent costs [2][5] Industry Context - The US requires approximately 32 million pounds of uranium annually for its nuclear reactors, with only 677,000 pounds produced domestically in 2024 [4] - The Aurora project is positioned to contribute to a reliable US uranium supply chain, supporting the nation's clean energy goals [6][7] Future Plans - Eagle Energy Metals plans to list on Nasdaq under the ticker NUCL following a proposed business combination with Spring Valley Acquisition Corp, with the Aurora project expected to be its flagship asset [6]
Stallion Uranium Closes Technology Data Acquisition Transaction & Engages Marketing Services
Globenewswire· 2025-11-12 13:30
VANCOUVER, British Columbia, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce that it has closed its previously announced technology data acquisition agreement (the “Agreement”) dated July 7, 2025, amongst the Company and Matthew J. Mason (the “Lessor”) to enhance exploration efforts across its expansive uranium land package in the Athabasca Basin, Saskatchewan. The Lessor holds the exclusive license to certai ...
Is Hudbay Building America's Next Critical Minerals Giant?
ZACKS· 2025-11-12 13:15
Core Insights - Hudbay Minerals' Copper World project in Arizona is positioned as a key element for U.S. copper independence and energy security, aligning with the "Made in America" initiative [1][2] Project Overview - The Copper World project has secured a 30% equity partnership with Mitsubishi Corporation and $600 million in funding for its fully permitted Phase 1, which is expected to produce 85,000 tons of copper annually over a 20-year lifespan [2][9] - The project is anticipated to create approximately 1,000 construction jobs and over 3,000 indirect jobs in Arizona, reinforcing U.S. industrial resilience [2][9] - Hudbay aims to sanction Copper World by 2026, potentially marking it as the first major new U.S. copper mine of the decade [4][9] Strategic Importance - The project is not just a mining venture but a strategic initiative to strengthen domestic supply chains for clean energy technologies, electric vehicles, and defense applications, as copper is classified as a critical mineral by U.S. policymakers [2][3] - The streamlined pathway for the project is attributed to its location entirely on Hudbay's private land, which mitigates federal regulatory challenges [3] Financial Performance - Hudbay's shares have increased by 104.8% year-to-date, outperforming the industry average increase of 25.2% [8] - The forward price-to-sales ratio for Hudbay is 2.76, which is above the industry average and its five-year median of 1.14 [10] - The Zacks Consensus Estimate for Hudbay's 2025 earnings suggests a 72.9% increase compared to the previous year [11]
Purepoint Completes First Pass Drilling at Tabbernor Project
Newsfile· 2025-11-12 11:30
Core Insights - Purepoint Uranium Group Inc. has completed its inaugural drill program at the Tabbernor Project, which is located in Saskatchewan's Athabasca Basin, consisting of five diamond drill holes targeting a 60-kilometre-long corridor of graphitic conductors [1][2][4] Group 1: Drill Program Results - The drill program provided significant geological insights, with every hole intersecting graphite and revealing structural and alteration features typically associated with uranium mineralization [2][3] - A total of 1,741 metres of diamond drilling was completed across five holes, with all holes intersecting graphite, validating recent airborne electromagnetic signatures [7] - Four out of five holes encountered zones of structural disruption, including shearing, brecciation, and silicification [7] Group 2: Project Overview - The Tabbernor Project spans over 50,000 hectares and is strategically positioned along the northern extension of the Tabbernor Fault System, which aligns with numerous uranium occurrences in the region [4][10] - The project is located approximately 40 kilometres south of Cameco's Eagle Point deposit and consists of 23 contiguous mineral claims [11] - Purepoint's focus is on the 60-kilometre graphitic corridor, particularly areas with gravity low responses and structural complexity [12] Group 3: Future Plans - Purepoint plans to incorporate the results from the drill program into ongoing regional interpretation work to prioritize follow-up targets for more detailed evaluation [5] - The company aims to refine its understanding of the underlying geology and evaluate zones of structural complexity for future drilling [3][5] Group 4: Company Background - Purepoint Uranium Group Inc. is a focused explorer with a portfolio of advanced projects in the Athabasca Basin, actively collaborating with industry leaders such as Cameco Corporation and Orano Canada Inc. [17][18] - The company also holds a promising VMS project adjacent to Foran Corporation's McIlvenna Bay project, enhancing its exploration potential [18]
NexGen Announces New Significant High Grade Assay Results at Patterson Corridor East
Newsfile· 2025-11-12 11:30
Core Insights - NexGen Energy Ltd. announced significant high-grade geochemical assay results from its 100%-owned Patterson Corridor East (PCE) discovery, indicating strong continuity of high-grade uranium mineralization [2][3][5] Group 1: Assay Results - The assay results confirm a high-grade subdomain over a vertical extent of 330 meters, with notable intersections including RK-25-231 (8.0m at 1.4% U3O8) and RK-25-241 (8.5m at 1.3% U3O8) [3][5] - Drillhole RK-25-254 returned 10.5 meters at 11.3% U3O8, including 4.0m at 29.4% U3O8 and 0.5m at 56.2% U3O8, showcasing the potential for high-grade mineralization [8][5] - A secondary high-grade subdomain was identified in RK-25-234 with 0.5m at 8.3% U3O8, indicating further exploration potential [3][5] Group 2: Project Development - The PCE drilling program is characterized by a systematic and impactful approach, similar to the successful Arrow deposit, which is located 3.5 kilometers west of PCE [5][6] - The overall mineralized footprint at PCE is currently defined as 600m along strike and 600m of vertical extent, with a high-grade subdomain measuring 210m in strike and 335m in vertical extent [5][6] - The company holds a significant land package of 190,000 hectares in the southwest Athabasca Basin, which is known for its uranium deposits [5][6] Group 3: Strategic Positioning - NexGen is well-positioned to leverage the growing demand for uranium, contributing to North America's critical mineral and energy security strategy [7][6] - The company emphasizes elite standards in environmental performance and social engagement, aligning with global trends towards sustainable mining practices [7][6] - The ongoing exploration and development efforts at PCE are expected to enhance NexGen's leverage in the uranium market for the coming decades [7][6]
Homeland Commences Drill Program at Coyote Basin
Newsfile· 2025-11-12 09:00
Core Viewpoint - Homeland Uranium Corp. has commenced its Phase II exploration drilling program at the Coyote Basin Uranium Project, aiming to convert historical uranium resources to modern standards [1][3]. Group 1: Exploration Program Details - The Phase II exploration drilling program consists of two parts, with Part 1 involving approximately 35 reverse circulation holes totaling about 17,000 ft (5,300 m) [2]. - The entire Phase II plan includes 50 to 70 holes totaling approximately 33,000 ft (10,000 m), with Part 2 contingent on the results of Part 1 [2]. - Drilling is expected to take six to eight weeks to complete for Part 1 [2]. Group 2: Historical Resource Information - The Coyote Basin Project has an estimated historical resource of 8,850,000 tons grading 0.20% U3O8 and 0.10% V2O5, totaling 35.4 million pounds of U3O8 and 17.7 million pounds of V2O5 [6]. - This historical resource estimate was calculated by Western Mining Resources based on a 1978-79 program [6]. Group 3: Technical Aspects of Drilling - Holes will be spaced approximately 200 m apart, and each hole will be probed using a wireline gamma tool to detect uranium in-situ [4]. - All cuttings will be scanned using a handheld X-Ray Fluorescence Spectrometer to enhance sample selection for assaying [4]. Group 4: Company Overview - Homeland Uranium is focused on becoming a premier US-focused uranium explorer and developer, owning the Coyote Basin and Cross Bones uranium projects in northwestern Colorado [5].
Ur‑Energy (URG) Misses Expectations in Q3
Yahoo Finance· 2025-11-12 02:45
Core Points - Ur‑Energy Inc. (NYSE:URG) experienced a significant share price decline of 18.63% from November 3 to November 10, 2025, ranking among the energy stocks that lost the most during that week [1] - The company reported disappointing Q3 2025 results on November 3, with earnings per share (EPS) of -$0.07, missing estimates by $0.05, and revenue of $6.32 million, falling short of forecasts by $1.47 million [3] - H.C. Wainwright adjusted its price target for Ur‑Energy from $2.70 to $2.60 while maintaining a 'Buy' rating on the stock [3] - The decline in Ur‑Energy's performance is also attributed to a 5.5% drop in uranium prices between October 31 and November 10 [4] Company Overview - Ur‑Energy Inc. is involved in uranium mining, recovery, and processing, focusing on the acquisition, exploration, development, and operation of uranium mineral properties in the United States [2]