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Energy Fuels Breaks Records at Pinyon Plain: Does This Justify a Buy?
ZACKS· 2025-06-12 17:01
Key Takeaways UUUU hit record May uranium production of 258,745 lbs at Pinyon Plain, surpassing April's high of 151,400 lbs. Energy Fuels raised 2025 uranium production guidance to up to 1.435M lbs. Despite higher output, UUUU's 2025 sales and earnings will drop due to weak uranium prices and lower sales.Energy Fuels Inc. (UUUU) is setting benchmarks at its Pinyon Plain mine in Arizona, with uranium production in May reaching an impressive 258,745 pounds, eclipsing April’s monthly record of 151,400 pounds ...
Cameco (CCJ) Moves to Buy: Rationale Behind the Upgrade
ZACKS· 2025-06-12 17:01
Cameco (CCJ) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of a ch ...
How To Trade This Soaring Mining Stock
Benzinga· 2025-06-12 13:28
Cameco Corp. CCJ, the world’s largest publicly traded uranium miner, has been moving sharply up as the nuclear energy industry enters a renaissance. CCJ’s recent move is outsized, but this chart has a strong upward trajectory for the longer-term investor over time.That said, a fade to support may be on the horizon. Both short-term and long-term traders can benefit from a move like this with a simple calendar spread. The trade we’re going to use is a call calendar spread. A long calendar spread generally pre ...
Vanguard Mining Initiates Site Visit and Core Review for NI 43-101 Report on Yuty Prometeo Uranium Project Adjacent to UEC's 8.96M lbs Resource
Thenewswire· 2025-06-12 13:20
Core Viewpoint - Vanguard Mining Corp. is advancing its uranium exploration portfolio with the acquisition of the Yuty Prometeo Project in Paraguay, which is strategically located adjacent to UEC's Yuty Project that has a defined uranium resource of 8.96 million pounds [3][4]. Company Overview - Vanguard Mining Corp. is a Canadian mineral exploration company focused on high-value strategic minerals, particularly uranium, and is committed to responsible exploration and value creation [23]. Project Details - The Yuty Prometeo Project consists of four concessions covering approximately 90,000 hectares (222,395 acres) in the uranium-rich Paraná Basin of southeastern Paraguay [9]. - The Prometeo Concession spans about 27,666 hectares (68,368 acres) and has historical uranium values ranging from 0.05% to 0.10% U₃O₈ based on previous exploration [10]. - The San Jose Concessions cover approximately 62,210 hectares (153,754 acres) and have shown significant uranium anomalies through radiometric surveys [12]. Technical Report and Exploration - The company is preparing an initial NI 43-101 Technical Report, which will include data compilation, field inspections, and a review of previous exploration work [2][4]. - Ariel Testi, the senior geologist, brings 22 years of experience in the mining industry and has previously contributed to significant uranium discoveries [5][7]. Strategic Importance - The acquisition of the Yuty Prometeo Project is seen as a significant strategic advancement for Vanguard, providing compelling exploration upside within a proven uranium district [4]. - The project is positioned within a geopolitically stable and investor-friendly environment in Paraguay, which is recognized for its untapped mineral potential [22].
Why uranium mining is having a resurgence in the United States
CNBC· 2025-06-12 12:00
From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff. "A lot of this was because it was a government priority. And we strategically used government funding and subsidies to support it. However, what kind of started happening during the 90s is we saw a de-prioritization away from uranium," said Gracelin Baskaran, director of the Critical Minerals Secur ...
Critical One Makes Strategic Uranium Asset Divestment
Globenewswire· 2025-06-12 04:01
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) (“Critical One” or the “Company”) (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that Dark Star Minerals Inc. (“Dark Star”) (CSE: BATT) (FSE: P0W), a well-managed, uranium-focused, publicly-listed company, has entered into an acquisition agreement with Critical One to acquire 100% of its interests in the Khan and Cobra Uranium Projects, located in Namibia’s highly prospective Erongo uranium prov ...
CGN MINING(01164.HK):SALES FRAMEWORK AGREEMENT IMPLEMENTED; BENEFITING FROM GROWTH TREND OF URANIUM PRICES
Ge Long Hui· 2025-06-11 02:48
Core Viewpoint - CGN Mining has signed a new sales framework agreement with CGN Uranium Resources Co., Ltd. for the period from January 2026 to December 2028, which is expected to enhance pricing flexibility and boost sales prices due to a higher forecasted natural uranium price [1][2]. Pricing Mechanism - The new pricing formula for natural uranium is set at 30% of the forecasted price of US$94.22 per pound, with an annual escalation factor of 1.041, and 70% based on the latest spot price at the time of delivery [1]. - The previous pricing mechanism for 2023-2025 was 40% of the forecasted price of US$61.78 per pound and 60% based on the latest spot price [1]. Market Expectations - The forecasted natural uranium price of US$94.22 per pound is significantly higher than the average spot price of US$71 per pound and the long-term contract price of US$80 per pound, indicating a bullish outlook for uranium prices [1][2]. - The increase in the proportion of the latest spot price indicator from 60% to 70% in the new agreement allows CGN Mining to benefit from rising spot market trends [3]. Production Guidance - CGN Mining has provided production guidance for its subsidiaries, estimating contracted sales volumes of 1,438 tU in 2026, 1,617 tU in 2027, and 1,598 tU in 2028 [4]. Financial Projections - Following the new sales framework agreement and anticipated uranium price increases, CGN Mining has raised its net profit forecasts for 2025 and 2026 by 14% and 31%, respectively, to HK$611 million and HK$1.00 billion [5]. - The stock is currently trading at 26.5x 2025 estimated P/E and 16.3x 2026 estimated P/E, with a target price of HK$2.51, suggesting an 18% upside [5].
Global Uranium Corp. Announces LIFE Offering for up to C$1,500,000
Globenewswire· 2025-06-11 00:43
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | FRA: Q3J) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing (the “Offering”) of a minimum of 1,666,666 units of the Company (each, a “Unit”) and a maximum of 10,000,000 Units, at a price of C$0.15 per Unit, for gross minimum proceeds of C$250,000 and gross ...
Foremost Clean Energy Announces 3-Year Exploration Drill Permit for CLK Uranium Property Showcasing Exploration Pipeline
Globenewswire· 2025-06-10 12:30
CLK was strategically staked by Denison Mines Corp ("Denison", NYSE American: DNN) and is comprised of 25,753 acres (10,422 hectares) located approximately 30 kilometers south of the northern Athabasca Basin margin. The property lies within the Snowbird Tectonic Zone, which is a structural corridor that is known to host several uranium occurrences (see figure 1 below). The property is adjacent to Saskatchewan Highway 905 and can be accessed via winter trail or year-round via aircraft from airstrips at eithe ...
Greenridge Exploration Launches Geophysical Data Review Program for the Sabre Uranium Project in Northern Saskatchewan
Globenewswire· 2025-06-10 12:00
VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. ("Greenridge" or the "Company") (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), is pleased to announce it has engaged Convolutions Geoscience of Surrey, BC, Canada ("Convolutions"), to perform a comprehensive review and integration of all available geophysical and geological data for the Sabre Uranium Project (the "Sabre Property", or the "Project") located in the northern Athabasca Basin of Saskatchewan, Canada. The purpose of ...