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CanAlaska Announces Results from Property-Wide Airborne Surveys on 16,000 Hectare Frontier Project
Newsfile· 2025-06-19 11:30
Core Insights - CanAlaska Uranium Ltd. announced results from airborne geophysical surveys on its 100%-owned Frontier Project, identifying multiple priority exploration target zones [1][9] - The surveys aimed to identify basement conductors, characterize lithological variations, and refine areas for future drilling [1][9] - The Frontier Project is strategically located in the northeastern Athabasca Basin, near significant uranium deposits and infrastructure [1][9] Survey Details - The VTEM Plus survey covered 931 line-km with a 200-meter line spacing, followed by a high-resolution magnetic and radiometric survey covering 3,739 line-km at 50-meter line spacing [6][9] - The surveys were conducted by Geotech Ltd. and managed by Condor Consulting, Inc. [6][9] - Data processing involved 3D magnetic inversions and GeoInterp analysis, leading to the identification of target zones associated with structural features [7][9] Target Zones - A prominent 25-kilometer-long magnetic low corridor, termed the Roughrider Mineralized Corridor, was highlighted, hosting multiple uranium deposits [3][4] - The highest priority target zones are linked to magnetic low structural corridors and cross-cutting fault features [8][9] - Historical data indicated a significant uranium anomaly at the Point Lake Anomaly, with a sample returning 34.7 ppm uranium [8][9] Strategic Importance - The airborne surveys represent a critical step in CanAlaska's exploration strategy for tier 1 basement-hosted uranium deposits [9] - The company is actively seeking joint venture partners to advance the Frontier Project to the next exploration stage [9][10] - The CEO emphasized the compelling nature of the exploration targets and the strengthening uranium market, suggesting increased interest from explorers [10] Stock Options and Investor Relations - CanAlaska granted stock options to directors, officers, and consultants for a total of 6,060,000 common shares at a price of $0.88 per share [11] - The company extended its investor relations agreement with Rayleigh Capital Ltd. until December 31, 2025, for a monthly fee of $8,500 [12]
Energy Fuels Is Selling The Future While Holding The Inventory
Seeking Alpha· 2025-06-18 12:41
Group 1 - Energy Fuels Inc. (NYSE: UUUU) offers exposure to uranium and rare earths, highlighting its geopolitical relevance and ESG potential [1] - The company holds a first-mover advantage in the US commodity supply and is currently debt-free [1] - The stock is characterized by growth in revenue, earnings, and free cash flow, making it attractive for investors seeking companies with excellent growth prospects [1] Group 2 - The company is positioned favorably with high free cash flow margins and is involved in share repurchase programs, appealing to investors looking for dividend stocks [1]
NexGen Announces Voting Results for Election of Directors and Appoints Sharon Birkett to Its Board of Directors
Newsfile· 2025-06-18 10:30
NexGen Announces Voting Results for Election of Directors and Appoints Sharon Birkett to Its Board of DirectorsJune 18, 2025 6:30 AM EDT | Source: NexGen Energy Ltd.Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) ("NexGen" or the "Company") is pleased to announce the voting results for the election of the Company's Board of Directors and the appointment of Sharon Birkett to the Company at its annual general and special meetin ...
Will Energy Fuels Meet Its Ambitious Uranium Production Goals?
ZACKS· 2025-06-17 13:25
Key Takeaways UUUU raised 2025 uranium output guidance by 22% on strong production across three active U.S. mines. Pinyon Plain mine led gains, averaging 205K pounds over the past two months with higher-than-expected grades. Full-year finished uranium output could reach 1M pounds - four times its original 2025 production forecast.Energy Fuels (UUUU) is ramping up production across its portfolio of permitted and developed uranium mines - Pinyon Plain (in Arizona), La Sal and Pandora mines in Utah. In the f ...
CanAlaska Begins Summer Drill Program at West McArthur Joint Venture
Newsfile· 2025-06-17 11:30
Core Viewpoint - CanAlaska Uranium Ltd. has initiated its summer drill program at the West McArthur Joint Venture project, focusing on expanding the high-grade Pike Zone uranium discovery as part of a $12.5 million exploration program for 2025 [1][4]. Group 1: Project Overview - The West McArthur project is a joint venture with Cameco Corporation, where CanAlaska holds an 85.97% ownership and is solely funding the 2025 exploration program [1][4]. - The summer drill program aims to achieve 15 to 20 additional intersections targeting uranium mineralization, with drilling already commenced at the Pike Zone [4][6]. Group 2: Drilling Details - The Pike Zone has a strike length of approximately 250 meters of uranium mineralization, which remains open in all directions [5]. - Significant uranium intersections from the winter drill program include WMA079-01, which intersected 8.3 meters at 24.82% eU3O8, and WMA074-04, which intersected 17.6 meters at 9.10% eU3O8 [5]. Group 3: Market Context - The CEO of CanAlaska expressed optimism about the uranium market, noting that long-term contract prices have stabilized and spot prices are showing upward movement, which could enhance the significance of the upcoming drilling results [3][4]. Group 4: Future Expectations - The summer portion of the exploration program is expected to be completed by September 2025, with assay results from the winter program still pending [6]. - The company is focused on discovering and delineating Tier 1 uranium deposits in a secure jurisdiction, leveraging its extensive portfolio in the Athabasca Basin [11].
NexGen Releases 2024 Sustainability Report
Newsfile· 2025-06-16 10:30
Core Viewpoint - NexGen Energy Ltd. has released its 2024 Sustainability Report, highlighting significant achievements in environmental, social, and governance (ESG) practices while advancing its Rook I Project, which is set to be the world's largest high-grade uranium project [1][2]. Group 1: Sustainability and Environmental Achievements - The 2024 Sustainability Report marks the fifth year of reporting on the company's ESG profile, aligning with Global Reporting Initiative (GRI) Standards and the Task Force on Climate-related Financial Disclosures (TCFD) [1][11]. - NexGen completed a historic regulatory milestone by finishing the Canadian Nuclear Safety Commission (CNSC) Environmental Assessment technical review, the first for a greenfield uranium mine in Canada in 20 years [3]. - The company minimized its environmental footprint during exploration, achieving a 73% reduction in overall land disturbance and reclaiming 83% of land disturbed by exploration activities in 2024 [8]. Group 2: Community Engagement and Economic Impact - NexGen received the 2024 ABEX Community Involvement Award for its commitment to building resilient communities through innovative programs [4]. - The company exceeded its employment and procurement targets, with 82% of Rook I site employees being local residents and 94% of cash expenditure awarded to local suppliers [6]. - An economic impact study forecasts a total economic impact of $37 billion to Saskatchewan and Canada over the development and 11-year production period, with an average of 1,400 annual jobs [9]. Group 3: Training and Development Initiatives - The company launched the 'Pathways to Your Future' career development program, equipping over 500 local participants with essential skills for careers in uranium mining since 2023 [5]. Group 4: Energy Efficiency and Climate Strategy - NexGen optimized power generation at the Rook I Project by implementing a centralized power generation system and installing a pilot 24-kilowatt solar power system [7]. - A comprehensive TCFD gap analysis and climate-related risk assessment were completed to integrate climate-related risks and opportunities into the company's broader risk management and strategic planning [10].
Should You Buy Cameco Stock While It's Below $95?
The Motley Fool· 2025-06-14 09:15
The uranium miner still has plenty of upside potential.Cameco (CCJ 0.69%), one of the world's top uranium miners, saw its stock surge more than 580% over the past five years. That rally was driven by a soaring demand for uranium in new nuclear projects in a post-pandemic market, as well as its partnership with Brookfield Asset Management to acquire Westinghouse Electric in late 2023. Uranium's rising spot price, which more than doubled over the past five years, and its new 49% stake in Westinghouse Electric ...
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 ...