Uranium Mining
Search documents
Gamma Resources Announces Successful Renegotiation of Loan Facility
Thenewswire· 2025-09-19 11:30
Core Viewpoint - Gamma Resources Ltd. has successfully renegotiated the terms of its existing promissory note with two US investors, enhancing flexibility and reinforcing relationships with the lenders [1][3]. Summary by Relevant Sections Revised Note Terms - The promissory note was originally issued on August 2, 2022, for a principal amount of US$1,150,000 with a 5% interest rate, resulting in net proceeds of US$975,000 after an original issue discount of US$150,000. The current outstanding balance is US$1,106,641 [5]. - The revised repayment schedule includes immediate good-faith payments and structured payments due by specific dates, totaling C$1,350,000 by September 30, 2026 [7]. Business Strategy and Asset Development - The modified repayment schedule aligns with Gamma's business plan and uranium asset development initiatives, providing repayment certainty for lenders while allowing the company to raise capital and advance projects [2][4]. - The company is advancing a portfolio of uranium projects in the U.S., including the Green River Project in Utah and the Mesa Arc Project in New Mexico, which are strategically positioned to contribute to U.S. energy security [9][10][20]. Market Context and Opportunities - The U.S. market for uranium and nuclear energy is supported by strong long-term fundamentals, with increasing demand for decarbonized and reliable power sources. Government policies are aimed at bolstering the domestic nuclear industrial base [8]. - Gamma's uranium-focused projects and its proprietary rare earths processing technology position the company to benefit from rising demand for clean energy sources while aligning with U.S. policy goals [11][20]. Lender Support and Future Growth - The lenders have expressed willingness to consider converting a portion of the note into equity, indicating confidence in Gamma's long-term growth potential [3]. - The company aims to unlock the potential of its asset portfolio and position itself for growth amid favorable market conditions [4].
LEU vs. UEC: Which Uranium Stock is the Smarter Bet Right Now?
ZACKS· 2025-09-18 15:26
Core Insights - Centrus Energy (LEU) and Uranium Energy (UEC) are positioned to benefit from the U.S. push for nuclear energy independence [1] - Uranium prices have faced challenges this year but have recently recovered to around $76.50 per pound, although still down 3.7% year over year [2] - Global nuclear power interest is increasing, with the U.S. aiming to quadruple its nuclear capacity to 400 GW by 2050, which could drive long-term uranium demand [3] Centrus Energy Overview - Centrus Energy supplies components of nuclear fuel, including Low-Enriched Uranium (LEU) and natural uranium hexafluoride [4][6] - The Technical Solutions segment provides advanced uranium enrichment services and technical services to government and private sectors [5] - In Q2 2025, Centrus reported total revenues of $155 million, down 18% year over year, with LEU segment revenues falling 26% to $125.7 million [6][7] - Centrus has a $3.6 billion revenue backlog with long-term contracts through 2040 [7] - The company is the only U.S. entity licensed for High-Assay Low-Enriched Uranium (HALEU) production, with a contract extension from the DOE for production through June 30, 2026 [8][10] - HALEU market value is projected to grow from $0.26 billion in 2025 to $6.2 billion by 2035 [10] Uranium Energy Overview - Uranium Energy has a production capacity of 12.1 million pounds from three processing plants and holds the largest resource portfolio in the U.S. [12] - The company did not generate revenues in the last reported quarter due to market volatility [12] - Adjusted loss per share was six cents, with a 70% increase in operating expenses [13] - UEC is investing in low-cost uranium projects using in-situ recovery (ISR) mining to reduce environmental impact [14] - The company restarted uranium extraction at Christensen Ranch Mine in August 2024, with ongoing construction at other projects [15][16] Financial Estimates and Performance - Centrus Energy's 2025 revenue estimate is $451.4 million, indicating 2.1% growth, while earnings are expected to decline by 5.4% [18] - Uranium Energy's 2025 revenue estimate is $79.7 million, a significant improvement from the previous year, but a loss of 17 cents per share is anticipated [20] - Centrus shares have surged 245.5% year to date, while UEC shares have gained 83% [23] - Centrus is trading at a forward price-to-sales multiple of 8.58X, compared to UEC's 56.89X [25] Investment Comparison - Both companies face short-term revenue challenges due to weak uranium prices, but are ramping up capabilities for future demand [26] - Centrus Energy has a competitive edge as the only U.S. company licensed to produce HALEU [26] - Centrus appears more attractive in terms of valuation and price performance, with upward estimate revisions, while UEC faces downward revisions and expected losses [27]
Collective Metals Announces Letter of Intent to Acquire the Rocas Uranium Project
Globenewswire· 2025-09-18 12:00
VANCOUVER, British Columbia, Sept. 18, 2025 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce that it has signed a non-binding Letter of Intent (the “LOI”), dated September 17, 2025, with Standard Uranium (Saskatchewan) Ltd. and Standard Uranium Ltd. (collectively, the “Optionors”). Pursuant to the LOI and subject to the entry into of a definitive agreement by the Company and the Optionors in connection thereof, the Company ...
IsoEnergy and Purepoint Intersect up to 8.1% U3O8 at Dorado Project
Newsfile· 2025-09-18 10:30
Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) ("IsoEnergy") and Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint") today announced the receipt of partial assay results from the summer drill program at the companies' 50/50 joint venture Dorado Project (the "Dorado Project"), located on the southeastern margin of Saskatchewan's Athabasca Basin. The highlight comes from drill hole PG25-07A, which returned 2.1 metres grading 1.6% U₃ ...
ISOENERGY AND PUREPOINT INTERSECT UP TO 8.1% U₃O₈ AT DORADO PROJECT
Prnewswire· 2025-09-18 10:30
Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. announced partial assay results from their joint venture Dorado Project, highlighting significant uranium grades from drill hole PG25-07A, which returned 2.1 metres grading 1.6% UO, including 0.4 metres at 8.1% UO [1][5][4] Summary by Sections Assay Results - Drill hole PG25-07A intersected 2.1 metres grading 1.6% UO, with notable intervals of 0.4 metres at 8.1% UO and an additional 4.9 metres at 0.52% UO [4][5] - A total of 5,030 metres were drilled across 11 holes before wildfires curtailed the planned 5,400-metre summer drill program [5][4] Project Overview - The Dorado Project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares in the Athabasca Basin, known for its favorable geology for uranium deposition [10][21] - The project includes several former properties, such as Turnor Lake and Geiger, which are underlain by graphite-bearing lithologies [10] Future Plans - Follow-up drilling programs are planned for early 2026, pending final assays and geological interpretations, focusing on expanding the Nova discovery and testing priority corridors across the Dorado Project [9][5] - Additional drilling at the Serin and Turaco targets has provided valuable data for the project's geophysical calibration [5][8] Challenges - The summer drill program was cut short due to regional wildfires, which limited access and created hazardous conditions, deferring drilling at the nearby Celeste project [4][5]
Strathmore Extends Agate Mineralization to Over 1300 Ft at Southern Trend
Newsfile· 2025-09-18 08:30
Core Insights - Strathmore Plus Uranium Corporation has successfully completed Phase 1 drilling at the Agate project, extending mineralization in the Middle Sand trend to over 1,300 feet and adding more than 500 feet of mineralization this year [2][3] - The northern trend has also expanded to exceed 5,200 feet in length, with further drilling planned [2][3] - The Agate project is positioned for potential in-situ recovery of uranium to support the growing nuclear fleet in the USA [2][3] Drilling Results - A total of 45 holes were drilled during Phase 1, with significant results including hole AG-224-25 showing 14.0 feet of 0.071% eU3O8 and AG-245-25 core showing 19.5 feet of 0.040% eU3O8 [2][5] - Core drilling recovered samples from 5 holes, with hole AG-244-25 core yielding 23.5 feet of 0.076% eU3O8 [2][5] - The drilling targeted both the Middle and Lower sands, with the Middle sand historically being the primary source of uranium in the Shirley Basin [3][8] Geological Context - The drilling explored the Eocene Wind River Formation, characterized by high porosity and permeability, which is conducive to uranium mineralization [3][8] - The Agate property consists of 100 wholly owned lode mining claims covering approximately 2,066 acres, with uranium mineralization located from 20 to 150 feet deep [8][9] - Historically, 53 million pounds of uranium were mined in the Shirley Basin, indicating a rich mining history in the area [8] Future Plans - The results from Phase 1 will inform targets for continued exploration in Phase 2, scheduled for autumn 2025 [7] - A technical report on the project is expected to be completed this winter, further detailing the findings and future exploration plans [7]
Global Uranium Corp. Announces Amendment to LIFE Offering for C$1,500,000
Globenewswire· 2025-09-17 20:15
Core Points - Global Uranium Corp. has amended its financing terms to increase the minimum amount to be raised to C$1,500,000 under the Listed Issuer Financing Exemption [1] - The amended offering involves a non-brokered private placement of a minimum and maximum of 10,000,000 units at a price of C$0.15 per unit, with each unit consisting of one common share and one share purchase warrant [1] - The anticipated closing date for the offering is on or about September 19, 2025, subject to regulatory approvals [1] Financing Details - The offering aims to raise a minimum of C$1,500,000, with each unit priced at C$0.15, comprising one common share and one warrant [1] - Each warrant allows the holder to purchase one share at C$0.20 for a period of 24 months from the closing date [1] - The net proceeds will be allocated for exploration activities, general administrative expenditures, and working capital [1] Regulatory Compliance - The securities will be offered to purchasers in all provinces of Canada except Quebec, and will not be subject to resale restrictions under Canadian securities laws [2] - The offering document dated September 17, 2025, contains further details and can be accessed on the company's profile and website [3] Company Overview - Global Uranium Corp. focuses on exploring and developing uranium assets primarily in North America, holding key projects in Saskatchewan, Canada, and Wyoming, USA [5]
CSE Bulletin: Name & Symbol Change and Consolidation - Oberon Uranium Corp. (OBRN)
Newsfile· 2025-09-17 19:26
Toronto, Ontario--(Newsfile Corp. - Le 17 septembre/September 2025) - Oberon Uranium Corp. (OBRN) has announced a name and symbol change to New Earth Resources Corp. (EATH) and a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares. As a result, the outstanding shares of the company will be reduced to approximately 6,253,500 common shares. The shares will begin trading on a consolidated basis an ...
Despite Its 64% Rally, Deep Yellow Remains A Great Play For Higher Uranium Prices (DYLLF)
Seeking Alpha· 2025-09-17 14:03
Early this year, I analyzed a compelling thesis for Deep Yellow Limited ( OTCQX:DYLLF ) and recommended buying the stock. Since that article, the stock has vastly outperformed the broad market, as it has surged 64% whereas the S&PI am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I ...
Despite Its 64% Rally, Deep Yellow Remains A Great Play For Higher Uranium Prices
Seeking Alpha· 2025-09-17 14:03
Early this year, I analyzed a compelling thesis for Deep Yellow Limited (DYYLF) and recommended buying the stock. Since that article, the stock has vastly outperformed the broad market, as it has surged 64% whereas the S&P 500 hasI am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I ...