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Denison Announces Final Investment Decision for the Phoenix In-Situ Recovery Uranium Mine and Plans to Start Construction in March 2026
Prnewswire· 2026-02-24 23:04
the Company's outlook generally with respect to ISR mine development and operations on the Wheeler River property; the status of a final investment decision; timing, readiness and mobilization for site clearing and construction, and construction planning; current outlook for the achievement of first production; the results of, and estimates, assumptions and projections provided in, the technical report for Wheeler River and the interpretations and expectations with respect thereto, including the updated ini ...
Stallion Uranium Announces Completion of Ground Gravity Extension Survey over Coyote Corridor
Globenewswire· 2026-02-24 12:30
VANCOUVER, British Columbia, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) is pleased to announce the completion of an extension to its previous ground gravity survey along the Coyote Corridor, located within the Southwestern Athabasca Basin Joint Venture (“JV”) Project in partnership with Atha Energy Corp. (TSX-V: SASK). The recently completed program represents a direct extension of the Company’s original gravity grid and was d ...
Cameco (NYSE:CCJ) Conference Transcript
2026-02-23 21:02
Cameco (NYSE:CCJ) Conference February 23, 2026 03:00 PM ET Company ParticipantsGrant Isaac - President and COOConference Call ParticipantsAlex Pearce - Equity Research Analyst of Metals and MiningGrant IsaacBe here. I thought I would open with a few comments. The reason I'm gonna do this is something funny happened in our Q4 quarterly call. For the first time in 16 years, nobody asked about the spot market or the term market of uranium. Didn't happen. You didn't ask, nobody asked. I don't wanna lose the opp ...
Traders Buy Large Volume of Put Options on Cameco (NYSE:CCJ)
Defense World· 2026-02-20 08:39
Core Viewpoint - Cameco Corporation is a leading uranium producer with strong financial performance and significant institutional interest, indicating a positive outlook for the company. Financial Performance - Cameco reported earnings per share (EPS) of $0.36 for the last quarter, exceeding analysts' expectations of $0.29 by $0.07 [2] - The company's revenue for the quarter was $874.57 million, surpassing analyst estimates of $782.13 million, reflecting a year-over-year revenue increase of 1.5% [2] - Cameco's net margin stands at 17.00% and return on equity is at 9.35% [2] - The company has a market capitalization of $51.89 billion, a PE ratio of 122.83, and a beta of 0.99 [1] Stock Performance - Shares of Cameco opened at $119.14, with a 52-week low of $35.00 and a high of $135.24 [1] - The stock's 50-day moving average price is $108.19, and the 200-day moving average price is $92.95 [1] Institutional Trading - Institutional investors own 70.21% of Cameco's stock, indicating strong institutional confidence [3][4] - Abbington Investment Group purchased a new position worth $6.51 million in the third quarter [3] - Mirae Asset Global Investments increased its holdings by 79.4%, now owning shares valued at $20.96 million [3] - Hillsdale Investment Management raised its position by 165.1%, acquiring shares worth $12.59 million [3] Analyst Ratings - National Bank Financial and Raymond James Financial both maintain an "outperform" rating for Cameco [5] - Royal Bank of Canada raised its target price for Cameco from $150.00 to $160.00 [5] - Zacks Research upgraded Cameco from a "hold" to a "strong-buy" rating [5] - The consensus rating for Cameco is "Buy" with an average target price of $143.03 [5] Company Overview - Cameco Corporation is a major player in the uranium production sector, supplying the global nuclear power industry [7] - The company is involved in the exploration, mining, milling, and sale of uranium concentrate, known as yellowcake, which is essential for nuclear reactors [7] - Cameco's operations are primarily based in Canada and the United States [8]
ALPS Launches Nuclear ETF With Options Strategy
Etftrends· 2026-02-19 16:59
Core Viewpoint - The launch of the ALPS Nautilus SMR, Nuclear & Technology ETF (SMRF) reflects a growing interest in nuclear power as a solution to increasing electricity demands driven by artificial intelligence and data centers [1] Group 1: ETF Overview - The SMRF ETF offers exposure to companies across the nuclear and small modular reactor value chain while pairing them with leading AI companies [1] - The ETF has a 0.65% expense ratio and employs an active options overlay strategy to generate monthly income and reduce volatility compared to its benchmark [1] - Thematic investing is gaining traction, with advisors seeking diversified exposure to long-term trends, making the addition of this ETF significant [1] Group 2: Nuclear Power Revival - The fund's strategy aligns with a broader shift in energy markets as tech companies look for reliable, carbon-free power sources for energy-intensive operations [1] - Small modular reactors are designed to be modular and can be assembled to meet varying power needs, representing a modern approach to nuclear energy [1] Group 3: Portfolio Construction - Top holdings include uranium miners such as Kazatomprom, Energy Fuels Inc., NexGen Energy, Uranium Energy Corp., and Cameco Corp., along with nuclear technology companies like BWX Technologies and Constellation Energy Corp. [1] - The fund's sector allocations are 40.4% in basic materials, 22% in technology, and 13.1% in industrials, with geographical exposure primarily in the United States (47.6%), Canada (19.2%), and Australia (6.8%) [1] - The options strategy may limit profit potential from sharp increases in underlying securities but offers exposure to the nuclear energy theme with steady income and managed volatility [1]
Denison Receives Final Regulatory Approval to Construct the Phoenix ISR Uranium Mine
Prnewswire· 2026-02-19 15:31
Core Viewpoint - Denison Mines Corp has received final regulatory approvals from the Canadian Nuclear Safety Commission for the Wheeler River Uranium Project, allowing construction to commence [1] Regulatory Approvals - The Canadian Nuclear Safety Commission has approved the Environmental Assessment and issued the Licence to Prepare Site & Construct a Mine and Mill for the Wheeler River Uranium Project [1] - The Environmental Assessment was previously approved by the Province of Saskatchewan, and all other necessary provincial approvals have been obtained [1] Project Details - The approvals enable the construction of the Phoenix In-Situ Recovery uranium mine, marking a significant step forward for the project [1]
Eagle Plains Provides Update on Uranium City Uranium Projects and Announces Hiring of Andrew Wilson as Investor Relations Representative
Accessnewswire· 2026-02-19 12:00
CRANBROOK, BC / ACCESS Newswire / February 19, 2026 / Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") has offered to Xcite Resources Inc.(TSX-V:XRI) ("XRI or Xcite"), and Xcite has accepted, seven dispositions recently acquired by staking in the Uranium City area, northern Saskatchewan. ...
Greenridge Exploration Announces Commencement of Winter 2026 Drilling Program with Denison Mines at the Hook-Carter Uranium Project in the Athabasca Basin, Saskatchewan
Globenewswire· 2026-02-18 13:00
Core Viewpoint - Greenridge Exploration Inc. has commenced its 2026 winter drilling program at the Hook-Carter Uranium Project, which is a joint venture with Denison Mines Corp. The project is strategically located in the southwestern Athabasca Basin, known for its rich uranium deposits [1][3]. Group 1: Drilling Program Details - The 2026 drilling program will involve up to eight diamond drill holes, totaling approximately 4,600 meters [4]. - The drilling targets were established through the integration of 2025 ground geophysical surveys and historical exploration data, focusing on the underexplored Derkson Trend [4]. - The program is expected to be completed by the end of March 2026, with operations based from a temporary work camp on-site [5]. Group 2: Project Background - The Hook-Carter Project consists of eleven claims covering 25,115 hectares and is located approximately 147 kilometers northeast of La Loche, Saskatchewan [6]. - The project is interpreted to host the northeastern strike extension of the Patterson Lake Corridor, which includes significant uranium deposits from other companies [6][7]. - Denison Mines Corp. holds an 80% interest in the project, while Greenridge retains a 20% interest [1]. Group 3: Joint Venture Agreement - In October 2016, ALX Resources Corp. sold an 80% interest in the project to Denison for 7.5 million common shares, retaining a 20% interest [8]. - Denison's exploration expenditures at Hook-Carter from 2016 to 2023 totaled approximately $7.08 million, which included nearly 12,000 meters of diamond drilling [8]. - In December 2024, Greenridge acquired ALX Resources and assumed its ownership interest and funding obligations in the joint venture [10]. Group 4: Company Overview - Greenridge Exploration Inc. is focused on creating shareholder value through the acquisition, exploration, and development of critical mineral projects in Canada, owning or having interests in 23 projects covering approximately 269,246 hectares [13]. - The company has one of the largest uranium property portfolios in Canada, consisting of 14 projects covering about 190,932 hectares [14]. - Greenridge's management team has significant expertise in capital raising and advancing mining projects, positioning the company to attract new investors [14].
Fusion Fuel Inks Transformational Agreement to Acquire a Portfolio of Nineteen High-Quality Uranium & Gas Royalties Based in the Americas
Globenewswire· 2026-02-18 12:45
Core Insights - Fusion Fuel Green PLC has entered into a definitive agreement to acquire a controlling interest in Royal Uranium Inc., which holds a diversified portfolio of uranium royalties [1][15] - This acquisition is expected to enhance Fusion Fuel's exposure to critical energy sources, particularly uranium and natural gas, which are essential for global energy security and the expansion of AI-driven infrastructure [2][5] Strategic Rationale - The acquisition provides Fusion Fuel with exposure to sixteen uranium and three natural gas royalties in the Americas, positioning the company to benefit from the increasing demand for energy sources necessary for electrification and decarbonization [3][5] - Global data center power demand is projected to grow over 160% by 2030, with a significant increase in AI-related power demand, while uranium demand is expected to rise significantly through 2040, creating a structural supply deficit [3][6] Portfolio Quality - The portfolio includes royalties from major uranium miners in tier-one jurisdictions, ensuring high-quality exposure while minimizing operational risks associated with mining [4][5] - The inclusion of producing natural gas royalties adds immediate cash flow and energy diversification, complementing the uranium assets [5][8] Business Model and Financial Implications - The royalty structure allows Fusion Fuel to participate in long-term revenue without direct operating costs or capital expenditure obligations, providing high-margin, scalable cash flow potential [9][13] - The acquisition is seen as a foundational step in building a differentiated clean energy royalty platform, enhancing long-term asset value and enterprise optionality [10][14] Management Perspective - Management believes that entering the uranium and clean energy royalty space is strategically significant, aligning with the global shift towards reliable and scalable clean energy sources [11] - The transaction reflects a disciplined, capital-efficient approach to value creation, with plans to expand the portfolio in the uranium and nuclear sectors [11][12]
Terra Clean Closes the Acquisition to Earn 100% Interest in the Prospector & Freedom Uranium Mines in Marysvale, Utah, United States
Globenewswire· 2026-02-18 12:30
Core Viewpoint - Terra Clean Energy Corp. has entered into a definitive agreement to acquire up to a 100% interest in the Prospector & Freedom Uranium Mines located in Marysvale, Utah, and will issue 750,000 common shares to the Vendors as part of the initial earn-in [1]. Company Overview - Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company currently developing the South Falcon East uranium project, which holds a 6.96 million pound inferred uranium resource within the Fraser Lakes B Deposit in the Athabasca Basin region, Saskatchewan, Canada [3]. - The company also has past producing uranium mines in Utah and uranium exploration properties in Wyoming, United States [3]. Acquisition Details - The acquisition of the Prospector & Freedom Uranium Mines is part of the company's strategy to expand its uranium resource portfolio [1]. - The complete details of the earn-in requirements related to the acquisition can be found in the press release dated January 26, 2026 [1]. Securities Information - All securities issued in connection with the acquisition agreements will be subject to a four-month plus one day hold period from the date of issuance in accordance with applicable securities laws [2].