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Global Uranium Corp. Reports Results of Airborne ZTEM Survey at Astro Project, Athabasca Basin
Globenewswire· 2025-09-17 12:00
ZTEM Survey Reveals 25 km East–West Conductive Corridor with Attractive Fault-Controlled TargetsCALGARY, Alberta, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | OTC: GURFF | FRA: Q3J) (the “Company” or “Global”) is pleased to announce the results of the helicopter-borne Z-Axis Tipper Electromagnetic (“ZTEM”) survey completed at the Astro Project (“Astro”), located in the eastern Athabasca Basin, Saskatchewan. The survey was conducted by Geotech Ltd. between April 13 and April 28, 2025, ...
Uranium Energy Corp Provides Date for Fiscal 2025 Results, Conference Call, and Webcast
Prnewswire· 2025-09-17 12:00
Core Viewpoint - Uranium Energy Corp is set to release its fiscal 2025 year-end operating and financial results on September 24, 2025, before market opening [1] Company Summary - The announcement indicates a significant upcoming event for Uranium Energy Corp, which may impact investor sentiment and market performance [1]
Myriad Uranium Announces Increased Private Placement
Newsfile· 2025-09-16 23:17
Core Viewpoint - Myriad Uranium Corp. has increased its non-brokered private placement financing from gross proceeds of $125,000 to up to $550,000, issuing up to 2,200,000 units at $0.25 per unit, each comprising one common share and one-half of a common share purchase warrant [1][2]. Group 1: Financing Details - The financing will involve the issuance of units at a price of $0.25, with each unit consisting of one common share and one-half of a warrant, where each full warrant allows the purchase of one share at an exercise price of $0.35 for 24 months [1][2]. - The company plans to use the proceeds from the financing for general working capital [2]. Group 2: Participation and Related Party Transactions - Three board members, including the CEO, will participate in the financing, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - This participation is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, which has historical uranium production and significant exploration potential [5]. - The Copper Mountain project has seen extensive drilling, with approximately 2,000 boreholes drilled and an estimated historical expenditure of C$117 million by Union Pacific for exploration and development [5].
CSE Bulletin: Delist - Basin Uranium Corp. (NCLR)
Newsfile· 2025-09-16 18:49
Toronto, Ontario--(Newsfile Corp. - Le 16 septembre/September 2025) - Basin Uranium Corp. ("Basin") has announced that Nexus Uranium Corp. ("Nexus") has completed the acquisition of all the issued and outstanding common shares of Basin (the "Basin Shares") as previously announced. Under the terms of the arrangement, 29,999,982 common shares of Nexus (the "Nexus Shares") are being issued to former Basin shareholders, representing approximately 1.1 Nexus Shares for each Basin Share (the "Exchange Ratio"). ...
GoviEx Uranium Files Meeting Materials After Obtaining Interim Order
Newsfile· 2025-09-16 18:29
Core Viewpoint - GoviEx Uranium Inc. is moving forward with a statutory plan of arrangement to be acquired by Tombador Iron Limited, with a special meeting for securityholders scheduled for October 24, 2025 [1][2]. Group 1: Meeting and Approval Process - The management information circular has been filed, and securityholders will receive materials related to the special meeting [1]. - The arrangement requires approval from at least 66⅔% of votes cast by GoviEx shareholders and securityholders [4]. - Over 40% of GoviEx securities holders have signed voting support agreements in favor of the transaction [4]. Group 2: Court and Regulatory Approvals - The Supreme Court of British Columbia has granted an interim order allowing the meeting to proceed [3]. - A final order from the court is expected on October 29, 2025, which is necessary for the completion of the arrangement [8]. Group 3: Financial and Strategic Implications - The combined company is projected to have a cash balance between A$19.4 million and A$24.4 million upon completion of the arrangement and capital raising [14]. - GoviEx shareholders will own 75% of the combined company's shares post-arrangement, which is considered reasonable dilution [14]. - The arrangement will provide access to Australian capital markets, enhancing visibility for the Muntanga uranium project [10][14]. Group 4: Leadership and Corporate Structure - Key personnel from both GoviEx and Matador will join the combined company, ensuring continuity in leadership and strategic direction [14]. - The arrangement will allow for a corporate rebranding that aligns with the strategic focus on uranium mining [14].
Uranium ETF (URNJ) Hits New 52-Week High
ZACKS· 2025-09-16 17:51
Core Viewpoint - The Sprott Junior Uranium Miners ETF (URNJ) has reached a 52-week high, increasing by 136.55% from its 52-week low of $11.52 per share, indicating strong momentum and potential for further gains [1][4]. Group 1: ETF Overview - URNJ tracks the Nasdaq Sprott Junior Uranium Miners Index, which includes companies that derive at least 50% of their revenues and assets from uranium-related activities [2]. - The ETF charges an annual fee of 80 basis points [2]. Group 2: Market Drivers - The rising demand for AI and clean energy is leading tech companies to consider nuclear power as a solution for energy-intensive data centers, which is expected to increase uranium demand [3]. - Projections indicate that uranium demand will grow in the coming years, serving as a significant tailwind for the fund [3]. Group 3: Performance Outlook - URNJ is expected to maintain its strong performance in the near term, supported by a positive weighted alpha of 53.55, suggesting potential for further price rallies [4].
Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in 75 Past Producing Uranium Claims on The San Rafael Swell, Utah, United States
Thenewswire· 2025-09-16 16:35
Core Viewpoint - Terra Clean Energy Corp. is set to acquire up to a 100% interest in 75 uranium claims located in Emery County, Utah, which is expected to enhance the company's portfolio with a low-risk uranium project [1][2]. Transaction Highlights - The acquisition includes two claim groups: Wheal Anne Claims and Green Vein Mesa Claims, both situated in a historically significant uranium district in the USA [4][5]. - The transaction is designed to optimize exploration programs through a staged earn-in structure, allowing the company to gradually increase its interest in the claims [7][17][18]. Rationale Behind the Acquisition - The claims are located in an area with a history of uranium production, and the company believes there is additional minable uranium present [4][5]. - The acquisition aligns with recent U.S. government policies aimed at boosting nuclear power and uranium mining activities [4][5]. Project Overview - The San Rafael Swell is a prominent uranium mining district in east-central Utah, with historical production occurring from the late 1940s to the 1970s [5][6]. - The geological formations in the area are known to host uranium, with significant potential for further exploration and development [6][8]. Claim Details - The Wheal Anne Claim Group covers approximately 130 hectares and includes the former Lucky Strike Mine, which produced over 10,000 tons of ore with a grade of 0.22% U3O8 [7][8]. - The Green Vein Mesa Claim Group encompasses around 300 hectares and includes several past-producing mines, with local samples reportedly reaching up to 1% U3O8 [8]. Financial Structure of the Acquisition - For the Wheal Anne Claims, the company will make cash payments totaling USD$260,000, issue 2,500,000 common shares, and incur exploration expenditures of USD$200,000 over five years to earn a 100% interest [17]. - For the Green Vein Mesa Claims, the company will make cash payments totaling USD$100,000, issue 1,250,000 common shares, and incur exploration expenditures of USD$66,667 over five years to earn a 100% interest [18]. Regulatory Approvals - The agreements for the acquisition are subject to regulatory approvals, including those from the Canadian Securities Exchange [20].
Nexus Uranium and Basin Uranium Complete Arrangement Transaction
Newsfile· 2025-09-16 14:17
Nexus Uranium and Basin Uranium Complete Arrangement TransactionSeptember 16, 2025 10:17 AM EDT | Source: Basin UraniumVancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus") and Basin Uranium Corp. (CSE: NCLR) ("Basin") are pleased to announce that Nexus has completed the acquisition of all the issued and outstanding common shares of Basin (the "Basin Shares") as previously announced on June 26, 2025. Under the t ...
Paladin Successfully Completes A$300 Million Equity Raising
Globenewswire· 2025-09-16 12:18
Core Viewpoint - Paladin Energy Ltd has successfully completed a fully underwritten equity raising totaling A$300 million to support the advancement of its Patterson Lake South Project and the ramp-up of operations at the Langer Heinrich Mine [1][8]. Equity Raising Details - The equity raising consists of three components: an ASX institutional placement raising approximately A$231 million, a TSX bought deal private placement raising C$30 million (approximately A$33 million), and a Treasury Share Sale raising approximately A$36 million [1][8]. - The ASX Placement involves the issuance of approximately 31.9 million new shares at A$7.25 per share [8]. - The TSX Bought Deal includes approximately 4.5 million new shares priced at C$6.66 per share [8]. - The Treasury Share Sale consists of approximately 5.0 million shares priced at A$7.25 per share [8]. Future Plans - The company plans to undertake a non-underwritten Share Purchase Plan (SPP) to raise up to A$20 million at the same price as the ASX Placement and Treasury Share Sale [2][10]. - Proceeds from the equity raising will primarily be used to advance the Patterson Lake South Project towards a final investment decision (FID) while also supporting the ongoing ramp-up of the Langer Heinrich Mine, which is expected to be completed by the end of FY2026 [4][8]. Timetable - Key dates include the settlement of the ASX Placement, TSX Bought Deal, and Treasury Share Sale expected on 22 September 2025, with new shares to be allotted on 23 September 2025 [5][6][12]. - The SPP offer documents are expected to be dispatched on 25 September 2025, with the SPP closing date set for 9 October 2025 [10][12].
Uranium Energy (UEC) Reaches Fresh High on Uranium Boom
Yahoo Finance· 2025-09-16 12:17
Group 1 - Uranium Energy Corp. (UEC) has recently experienced significant stock performance, reaching an all-time high as investors show strong interest in uranium companies due to positive sector prospects [1][2]. - During intra-day trading, UEC hit a 52-week high of $13.25, ultimately closing up by 10.95% at $13.17 [2]. - The surge in UEC's stock price is attributed to comments from Energy Secretary Chris Wright, who emphasized the need for the US to enhance its strategic uranium reserves and increase nuclear power generation [3]. Group 2 - Investors are optimistic about uranium companies as they anticipate aggressive expansion from key players to align with government plans [4]. - UEC has launched a new subsidiary aimed at developing a state-of-the-art uranium refining and conversion facility in the US [4]. - UEC's President and CEO Amir Adnani stated that the company is establishing itself as the only vertically integrated US firm with capabilities in uranium mining, processing, refining, and conversion, ensuring a reliable source of Uranium Hexafluoride for nuclear reactors [5].