Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) ("Bayridge" or the "Company") announces that it intends to complete a non-brokered private placement for gross proceeds of up to $830,000 ("Private Placement"), consisting of two parts: Up to 2,000,000 flow-through units ("FT Units") at a price of $0.25 per FT Unit, with each FT Unit consisting of one flow-through common share and one-half of one common share purchase warrant ...

Core Viewpoint - Ur-Energy Inc. successfully closed a $120 million offering of 4.75% Convertible Senior Notes due 2031, which was oversubscribed and included an additional $20 million purchased by initial investors, indicating strong market confidence in the company [1][3]. Strategic Capital Raise - The proceeds from the offering are expected to strengthen the company's balance sheet and enhance production ramp-up at the Lost Creek mine and construction activities at the Shirley Basin mine [6]. - The offering is structured without restrictive covenants, providing enhanced operational and financial flexibility compared to conventional secured debt [6]. - The notes will initially accrue interest like debt and are not immediately dilutive, with a conversion price set at a premium of approximately 27.5% over the last reported share price [6]. - Compared to a straight equity offering, this structure allows Ur-Energy to raise significant capital with less near-term dilution to existing shareholders [6]. Summary of the Offering - The cash interest coupon is set at 4.75% per annum, payable semi-annually starting July 15, 2026 [6]. - The conversion price is approximately $1.73 per common share, representing a 27.5% premium to the last reported sale price on December 10, 2025 [6]. - The company purchased cash-settled capped call options to mitigate potential economic dilution, with a cap price of $2.72, representing a 100% premium over the last reported share price [6]. - Conversions of the notes may be settled in common shares, cash, or a combination, and the company has the right to redeem the notes under certain circumstances [6][7]. Company Overview - Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in Wyoming, having produced approximately 3 million pounds of UO since operations began [9]. - The company is also developing the Shirley Basin, its second in situ recovery uranium facility in Wyoming [9].

Core Insights - Energy Fuels Inc. is positioning itself as one of the lowest-cost uranium producers globally by processing high-grade ores from its Pinyon Plain mine starting in Q4 2025 through Q1 2026, expecting to produce 1.1-1.4 million pounds of finished uranium [1][10] Cost Structure - Average mining and transportation costs to the White Mesa Mill are estimated at $10-$14 per pound, with milling costs projected at $13-$16 per pound, leading to a total cost of goods sold (COGS) of $23-$30 per pound [2] - The finished uranium inventories as of September 30, 2025, have a weighted average cost of $53 per pound, but with the integration of lower-cost Pinyon Plain output, COGS is expected to decrease to $50-$55 per pound by late 2025 and further to $30-$40 per pound in Q1 2026 [4][10] Competitive Positioning - The reduction in costs, alongside stable uranium prices, is anticipated to significantly enhance Energy Fuels' gross margins, strengthening its competitive edge in the North American market [5] - In comparison, peer Cameco Corp. reported a gross margin of 28% in Q3 2025, while Centrus Energy reported a negative gross margin of 6%, highlighting Energy Fuels' potential for improved profitability [6][8] Market Performance - Energy Fuels shares have increased by 184.1% year-to-date, outperforming the industry average growth of 38.3% [9] - The company is currently trading at a forward 12-month price/sales multiple of 40.53X, significantly higher than the industry average of 3.97X [11] Earnings Estimates - The Zacks Consensus Estimate for Energy Fuels' loss in 2025 is projected at 35 cents per share, with a revised estimate of a loss of six cents per share for 2026 [12]

Core Insights - Strathmore Plus Uranium Corporation has expanded the Agate Project by adding 24 staked mining claims, now totaling 124 claims covering approximately 2,560 acres in the Shirley Basin Uranium District of Wyoming [1][5][11] - The Agate Project is located in a prominent in-situ uranium production area, with historical mining yielding over 250 million pounds of uranium in Wyoming [2][5] - The company's drilling program has shown promising results, with 95% of drill holes intersecting mineralization, indicating strong potential for further exploration and development [4][11] Company Developments - The Agate property benefits from historical exploration data from Kerr-McGee Corporation, which conducted extensive drilling in the 1970s, identifying several mineralized trends [3][5] - In 2025, Strathmore completed 45 drill holes, expanding mineralization trends significantly, with plans for further drilling in 2026 to explore untested areas [11] - The company has engaged the University of Wyoming for geophysical and groundwater studies, receiving additional funding to enhance research on deeper uranium deposits [11] Industry Context - Wyoming remains the leading uranium producer in the U.S., with several major companies, including Cameco and Energy Fuels, actively developing projects in the region [2] - The Agate Project is situated in a premier ISR district, aligning with proven development and production models, which enhances its attractiveness for future investment [4]

Core Insights - Homeland Uranium Corp. has provided an update on the Phase II exploration program at the Coyote Basin Uranium Project, which is fully owned by the company [1][12] Exploration Program Update - The first six of the planned 35 Reverse Circulation (RC) drillholes have been completed, totaling approximately 5,300 meters (17,000 feet) [2] - Drilling is focused on historical resource-bearing locations identified by previous operators and during the company's June mapping and prospecting program [2] Drilling Results - Downhole Spectral Gamma Ray readings from completed drill holes indicate near-surface elevated radioactivity at depths of 50 to 100 meters, correlating with previously identified mineralized horizons [3] - Hole CB-RC-0023 identified multiple zones of elevated radioactivity at depths between 220 and 320 meters (722 to 1,050 feet), which remain open for expansion [4] - Anomalous radioactivity is widely dispersed within shales, claystones, and fine-grained sandstones, suggesting potential for additional uranium mineralization between known horizons [5] Quality Assurance and Analysis - All drillholes are logged using a calibrated QL40 SGR Spectral Gamma Ray downhole probe, which collects continuous spectral gamma measurements [7] - Discrepancies between spectral gamma readings and XRF results indicate that additional geochemical and assay sampling will be necessary for accurate uranium grade determination [9] - Samples from each 5-foot interval of the drill holes have been collected for geochemical analysis and will be sent to SGS Laboratories for testing [10] Historical Resource Information - The Coyote Basin Project is reported to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8, totaling approximately 35.4 million pounds of U3O8 [13] - The company is not treating the historical resource estimate as current mineral resources and emphasizes the need for further evaluation before classifying any resources [14]

Core Insights - Cameco Corporation (CCJ) has reduced its 2025 uranium production outlook due to development delays at the McArthur River mine, which is the largest high-grade uranium mine globally [1][9] - The company's attributable uranium production for the first nine months of 2025 was 15 million pounds, reflecting a 13% year-over-year decline, with a significant 32% drop at McArthur River, partially offset by a 16% increase at Cigar Lake [2][9] - CCJ expects its share of uranium production from McArthur River to be between 9.8-10.5 million pounds in 2025, down from an earlier forecast of 12.6 million pounds, while the production estimate for Cigar Lake remains unchanged at 9.8 million pounds [3][4] Production and Operations - The Key Lake mill, which is the world's largest uranium mill, was shut down from September 3 to October 17 due to delays in transitioning to new mining areas at McArthur River, impacting third-quarter production [2] - Despite the challenges at McArthur River, strong performance at Cigar Lake and the McClean Lake mill is expected to help offset approximately 1 million pounds of the anticipated shortfall from McArthur River [4][9] Peer Performance - Energy Fuels produced approximately 465,000 pounds of uranium in the third quarter, with a year-to-date total of 1,245,000 pounds, and expects to mine between 875,000-1,435,000 pounds of contained uranium in 2025 [5][6] - Ur Energy is operating the Lost Creek project with an annual capacity of 1.2 million pounds and has received final approval for its expansion [7] Market Performance - CCJ shares have increased by 86.3% this year, outperforming the industry growth of 36%, the Zacks Basic Materials sector's growth of 29.8%, and the S&P 500's increase of 19.6% [8] - The Zacks Consensus Estimate for Cameco's earnings for fiscal 2025 indicates a year-over-year growth of 95.9%, while the estimate for 2026 implies growth of 55.6% [10] Valuation Metrics - CCJ is currently trading at a forward price-to-sales ratio of 16.66, significantly higher than the industry's ratio of 1.44 [11]

Core Viewpoint - Stallion Uranium Corp. is initiating a non-brokered private placement to raise up to $4.55 million through the issuance of flow-through shares at a price of $0.45 per share, aimed at funding eligible Canadian exploration expenses related to its uranium projects in the Athabasca Basin, Saskatchewan [1][2]. Group 1: Offering Details - The private placement will consist of flow-through shares, which are defined under the Income Tax Act (Canada), and the gross proceeds will be used for qualifying expenditures related to uranium exploration [1][2]. - The offering is subject to approval from the TSX Venture Exchange, and all securities distributed will have a hold period of four months and one day following the closing date [3]. Group 2: Use of Proceeds - The funds raised will be allocated to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" for the company's uranium projects, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2025 [2]. Group 3: Company Overview - Stallion Uranium Corp. is focused on uranium exploration in the Athabasca Basin, which is known for having the largest high-grade uranium deposits globally, covering approximately 1,700 square kilometers [5]. - The company, in partnership with Atha Energy, holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones, and is committed to responsible exploration using advanced technology [5].

Core Points - Bayridge Resources Corp. has completed the acquisition of a 51% interest in the Baker Lake Uranium Project located in the Kivalliq Region of Nunavut [1] - The acquisition involved the issuance of 5,599,998 common shares to the vendors, with no new control blocks created [2] - The Baker Lake Uranium Project consists of 83 contiguous claims covering 619 km², with exploration defining a 75 km unconformity and multiple uranium targets [5] Company Overview - Bayridge Resources Corp. is focused on advancing its portfolio of Canadian uranium projects, including the Baker Lake Uranium Project and a 40% interest in the Waterbury East project [5] - The Waterbury East project is located 25 km northeast of the Cigar Lake Mine and has identified a 7 km long conductivity corridor with potential uranium enrichment [5] Financial Considerations - The company plans to pay a finder's fee of up to $139,999.95 in connection with the acquisition [4] - The shares issued as consideration for the acquisition are subject to resale restrictions, which will last for a minimum of four months and one day after the distribution date [3]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

The stock of Uranium Energy Corporation ( UEC ), which comes across as a mid-cap proxy (market-cap of $6.75B) on the burgeoning Uranium fuel supply chain of North America, has experienced a reversal of fortunes inAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than f ...