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Stallion Uranium Provides Corporate Update
Globenewswire· 2025-05-21 20:58
Corporate Update - Stallion Uranium Corp. provides a general corporate update, including financial filings, corporate activities, and market positioning [1] Financial Statement Filing Update - The filing of annual financial statements for the year ended December 31, 2024, is delayed from May 20, 2025, to May 23, 2025, due to extended timelines in completing the annual audit [2] - A Cease Trade Order (CTO) was issued by the British Columbia Securities Commission on May 7, 2025, due to the delay in filing [2][5] Audit Process Commitment - Stallion's management and audit team are working diligently to complete the audit process and are committed to refining internal processes for timely and accurate future filings [3] Trading Resumption and Corporate Calendar - Trading is expected to resume shortly after the filing of financials, with several key initiatives and milestones anticipated to drive significant progress in the coming months [4] Debt Settlement and Share Issuance - Stallion has reached a debt settlement agreement with Atha Energy Corp., involving the issuance of 802,809 common shares at a deemed price of $0.135 per share to settle outstanding obligations [6][8] - This agreement relates to exploration expenses under an option agreement for a 70% interest in property located in the Athabasca Basin [7] Community Engagement - Stallion attended the KCDA Core Days Conference and Career Fair to engage with northern communities, promote local employment, and build long-term partnerships [9] - The company prioritizes stakeholder engagement and community consultation as part of its commitment to sustainable development [10] Uranium Market Outlook - The uranium market shows strong momentum, with rising spot prices and sustained demand growth driven by global interest in nuclear energy [11] - Stallion Uranium is well-positioned to capitalize on this positive market outlook, enhancing the value of its strategic uranium assets [11] Company Overview - Stallion Uranium is focused on exploring approximately 2,700 sq/km in the Athabasca Basin, which contains the largest high-grade uranium deposits globally [12] - The company holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [12]
American Lithium Mourns the Passing of Board Member Carsten Korch
Globenewswire· 2025-05-21 20:30
Core Points - American Lithium Corp. announced the passing of Carsten Korch, an esteemed Independent Director and member of the Audit Committee [1][4] - Mr. Korch joined the Board on October 3, 2022, bringing over 30 years of entrepreneurial experience, particularly in South America [2] - His contributions significantly advanced the company's strategic initiatives and corporate governance [2] - The Chairman and Interim CEO expressed deep sorrow over his loss, highlighting his dedication to sustainable development and mentorship [3] Company Overview - American Lithium is developing two of the world's largest advanced-stage lithium projects and the largest undeveloped uranium project in Latin America [5] - The projects include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project, and the Macusani uranium deposit in southern Peru [5] - All three projects have undergone robust preliminary economic assessments, exhibit significant expansion potential, and enjoy strong community support [5]
Aventis Energy Provides Recent Exploration Insights at the Corvo Uranium Project
Globenewswire· 2025-05-20 12:00
The Corvo Uranium Project is prime real estate for a basement-hosted uranium discovery VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Aventis Energy. ("Aventis" or the "Company") (CSE: AVE | OTC: VBAMF), is pleased to provide a comprehensive summary of exploration insights and historical data gathered at its Corvo Uranium Project ("Corvo", or the "Project"). Highlights: Mandeep Parmar, Interim CEO of Aventis, commented: "The Corvo Project has many areas that need further investigation. We loo ...
Purepoint Mobilizing for Summer Uranium Drill Program at Dorado Project - Eastern Athabasca Basin
Newsfile· 2025-05-20 10:30
Core Viewpoint - Purepoint Uranium Group Inc. is mobilizing for a summer uranium drill program at its Dorado Project, with drilling set to begin on May 26, 2025, targeting high-priority electromagnetic conductors for uranium mineralization in the underexplored Dorado Graphitic Domain [1][7]. Company Overview - Purepoint Uranium Group Inc. operates in the Athabasca Basin, focusing on uranium exploration and has a joint venture with IsoEnergy, covering over 98,000 hectares of exploration ground [10][14]. - The Dorado Project includes former properties such as Turnor Lake, Geiger, Edge, and Full Moon, which are underlain by graphite-bearing lithologies favorable for uranium deposition [10]. Project Details - The Dorado Project features over 150 kilometers of discreet electromagnetic conductors within the Dorado Graphitic Domain, which is part of a highly prospective structural corridor hosting multiple high-grade uranium deposits, including IsoEnergy's Hurricane Deposit [2][5]. - The 2025 drill campaign will consist of approximately 5,400 meters across 18 holes, focusing on high-priority EM conductors [3][7]. Initial Drilling Focus - The initial drilling will target the southern portion of the project area along the Q2 conductor, specifically testing a zone northeast of historic drill holes HL-50 and HL-76, which previously intersected uranium mineralization [6][8]. Recent Developments - Recent drilling by IsoEnergy near the Hurricane Deposit has confirmed elevated radioactivity, indicating the continuity of fertile graphitic rock packages and highlighting the potential for additional high-grade discoveries in the region [11]. - Results from the recently completed Smart Lake Joint Venture drill program are under review and will be released shortly, indicating ongoing exploration activities [7][13].
Skyharbour and JV Partner Orano to Commence Extensive Summer 2025 Drilling Program at Preston Uranium Project
Globenewswire· 2025-05-15 11:30
Vancouver, BC, May 15, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) ("Skyharbour" or the "Company"), is pleased to announce that its joint-venture partner, Orano Canada Inc. ("Orano"), will commence a large-scale diamond drilling program at the 49,635-hectare Preston Uranium Project ("Preston" or the "Property") located in the western Athabasca Basin, Saskatchewan, Canada. The drilling program will consist of approximately 6,000 to 7,000 metres of drilling ...
Stallion Uranium Announces Failure to File Cease Trade Order
Globenewswire· 2025-05-14 11:30
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) announces that the British Columbia Securities Commission (the "BCSC"), as the principal regulator of the Company, issued a cease trade order ("CTO") against the Company on May 7th, 2025 for the Company's failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended D ...
Cameco Corporation (CCJ) Bank of America Global Metals, Mining and Steel Conference (Transcript)
Seeking Alpha· 2025-05-13 19:03
Company Overview - Cameco Corporation is the largest Western producer of uranium, highlighting its significant position in the nuclear fuel market [2]. Industry Insights - The nuclear fuel cycle is experiencing a durable demand setup, which is favorable for incumbent producers like Cameco [4]. - Current uncertainties surrounding the supply side of uranium have reached unprecedented levels, creating a beneficial environment for established companies in the industry [4].
Cameco (CCJ) 2025 Conference Transcript
2025-05-13 15:30
Summary of Cameco (CCJ) 2025 Conference Call Industry Overview - The conference focuses on the uranium industry, specifically the nuclear fuel cycle and Cameco's role as a leading producer [1][2] - There is a strong demand for nuclear power driven by climate security, energy security, and national security concerns [9][10][31] Key Points from Cameco's Presentation - **Durable Demand Setup**: The nuclear fuel cycle is experiencing a robust demand environment, while supply uncertainties are at an all-time high, benefiting incumbent producers like Cameco [4][31] - **Cameco's Unique Position**: Cameco is strategically positioned to capitalize on pricing needed to address the structural deficit in the nuclear fuel cycle [4][31] - **Electricity Grid Challenges**: The current electricity grid is not resilient enough to meet the growing demand for 24-hour baseload power, which nuclear energy can provide [6][8] - **Electrification Trends**: There is a shift towards electrifying various sectors, including mass transport and industrial heating, increasing the demand for reliable electricity sources [7][8] - **Nuclear Power's Role**: Nuclear energy is becoming essential for achieving energy security and is now viewed as a national security solution [10][11] Cameco's Assets and Capabilities - **Largest Uranium Producer**: Cameco operates the two largest uranium mines globally, MacArthur River and Cigar Lake, and has the largest exploration portfolio in the Athabasca Basin [13][14] - **Brownfield Leverage**: Cameco is strategically holding back production to avoid chasing lower demand, maintaining a unique position with already licensed and permitted assets [14][15] - **Comprehensive Fuel Services**: Cameco is involved in all aspects of the nuclear fuel cycle, including uranium mining, refining, conversion, and fuel fabrication, enhancing its value proposition [15][16] Market Dynamics - **Downstream Demand**: Utilities typically contract for fuel services before sourcing uranium, indicating that demand for uranium will eventually rise as downstream contracting increases [17][21] - **Record High Prices**: The enrichment and conversion markets are experiencing record high prices, indicating strong demand and a shift away from reliance on Russian fuel [22][23] - **Future Uranium Demand**: Utilities are projected to need 3.2 billion pounds of uranium over the next 20 years, which cannot be deferred indefinitely [26][27] Supply Challenges - **Supply Uncertainty**: There is a significant gap in known uranium supply, with 1.3 billion pounds unaccounted for, necessitating higher prices to stimulate production [29][30] - **Price Sensitivity**: The uranium market requires higher prices to convert resources into reserves and fill the supply gap [31] Strategic Outlook - **Patient and Disciplined Approach**: Cameco's strategy focuses on capturing demand before increasing production, supported by conservative financial management to outlast utilities in the market [31][32] - **Exciting Future**: The combination of durable demand and supply challenges presents a favorable outlook for Cameco and the uranium market as a whole [32]
Atomic Minerals Announces Share Exchange Agreement to Acquire Quebec Mineral Claims
GlobeNewswire News Room· 2025-05-13 11:30
Core Viewpoint - Atomic Minerals Corporation has entered into a share exchange agreement to acquire Stratigraphic Capital Corp, which owns the Mont-Laurier Uranium Property in Quebec, comprising 2,351 hectares, at a time when uranium prices are appreciating [1][2]. Company Overview - Atomic Minerals Corporation is a publicly listed exploration company on the TSX Venture Exchange under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries [14][15]. - The company is led by a skilled management and technical team with a proven track record in the junior mining sector [14]. Acquisition Details - The agreement involves Atomic Minerals issuing 8,000,000 common shares at a deemed price of $0.02 per share, totaling an aggregate consideration of $160,000 [12]. - The shares are subject to a resale restriction of six months, with 50% released immediately upon closing and the remaining 50% released six months thereafter [12][13]. Mont-Laurier Uranium Property - The Mont-Laurier Uranium Property is located approximately 40 kilometers northeast of Mont-Laurier in Quebec and lies within a historically significant radioactive district [3]. - Historical exploration in the area has outlined several zones of low-grade uranium mineralization, with notable estimates including 0.52 million tonnes at 0.054% U3O8 from the Meekos zone [3][7]. - The historical estimates are considered inferred resources under NI 43-101, and verification through further drilling is required to classify them as current mineral resources [4]. Exploration Potential - The acquisition is seen as a strategic move to enhance Atomic Minerals' position as an industry leader, particularly given the recent rise in uranium prices [2]. - The company believes the Mont-Laurier project has significant exploration potential, supported by historical estimates and geological assessments [2][4].
Interim Financial Results
Globenewswire· 2025-05-12 22:41
Core Viewpoint - Paladin Energy Ltd has released its unaudited condensed interim financial report and management discussion and analysis for the three and nine month periods ended March 31, 2025, along with an accompanying presentation [1][2]. Company Overview - Paladin Energy Ltd is a significant independent uranium producer with a 75% ownership of the Langer Heinrich Mine in Namibia [4]. - The company acquired Fission Uranium Corp. in late 2024, leading to a dual-listing on the ASX and TSX [4]. - Paladin operates a diverse portfolio of uranium development and exploration assets in Canada, including the Patterson Lake South project in Saskatchewan and the Michelin project in Newfoundland and Labrador [4]. - The company also holds uranium exploration assets in Australia [4]. - Paladin is committed to an ESG framework for responsible management of uranium resources, contributing to global decarbonization and providing reliable uranium supply to nuclear utilities [4].