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Canaccord Hikes Denison Mines (DNN) PT to C$5 on Phoenix Project Construction Readiness, Strategic Expansion
Yahoo Finance· 2026-01-08 14:12
Core Insights - Denison Mines Corp. is gaining attention from hedge funds, with Canaccord raising its price target to C$5 from C$4.40 while maintaining a Speculative Buy rating [1] Group 1: Strategic Partnerships and Transactions - Denison Mines successfully closed a transaction with Skyharbour Resources, forming four exploration joint ventures (JVs) using claims from Skyharbour's Russell Lake Uranium Project, adjacent to Denison's Wheeler River Project [2] - The partnership leverages the technical expertise of both companies, with Denison acting as the operator for Wheeler River Inliers (70% ownership) and Wheeler North (49% ownership) JVs, while Skyharbour leads operations for Getty East (30% Denison interest) and Russell Lake/RL (20% Denison interest) JVs [3] Group 2: Regulatory and Operational Milestones - Denison's expansion aligns with significant regulatory milestones, including the approval of the Environmental Assessment for the Phoenix deposit by the Province of Saskatchewan in July 2025, and the conclusion of public hearings by the Canadian Nuclear Safety Commission for federal approval and construction licenses in December 2025 [4] - Denison holds a 22.5% interest in the McClean Lake JV, which commenced mining at the McClean North deposit in July 2025 using the innovative SABRE mining method [4] Group 3: Investment Potential - Denison Mines focuses on acquiring, exploring, and developing uranium-bearing properties in Canada, although there are opinions suggesting that certain AI stocks may offer greater upside potential with less downside risk [5]
Skyharbour Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 662,000 Hectares in the Athabasca Basin, Saskatchewan
Globenewswire· 2026-01-08 13:00
Core Insights - Skyharbour Resources Ltd. has acquired forty new uranium exploration claims in Northern Saskatchewan, increasing its total land package to 662,887 hectares across 43 projects, with a focus on the Athabasca Basin, known for high-grade uranium deposits [1][37] - The newly staked claims will be part of the Company's prospect generator business, aimed at attracting strategic partners to advance these assets [1] Summary of New Claims - The Carter North Project consists of ten mineral claims totaling 36,393 hectares, located adjacent to Cameco's North Williams Project and covering extensions of significant conductive corridors [3][6] - The Rover Project includes a single claim of approximately 793 hectares, situated near Cameco's McArthur River and Cigar Lake Mines, with historical exploration dating back to the late 1960s [9][11] - The East Dufferin Project comprises a single claim of 1,451 hectares, located south of the Athabasca Basin, with historical exploration identifying increased conductivity and magnetic activity [12][14] - The Brustad Project consists of one claim totaling 791 hectares, located near the southern margin of the Athabasca Basin, with historical exploration including various geophysical surveys [15][17] - The 914 and Elevator Projects now cover a total of 13,785 hectares, with extensive historical exploration indicating potential for uranium mineralization [18][20] - The Pendleton Project includes four claims totaling 5,338 hectares, located along the Needle Falls Shear Zone, with historical exploration suggesting potential for uranium deposits [21][22] - The Yurchison Project has been expanded to 35,029 hectares, consolidating previous properties and showing potential for uranium and other mineralization [24][27] - The Tarku Project consists of three claims totaling 8,262 hectares, adjacent to the South Dufferin Project, with historical exploration indicating strong potential for uranium mineralization [28][30] - The South Dufferin Project has been expanded to 39,398 hectares, with ongoing exploration efforts indicating readiness for further drilling [31][34]
Denison Announces Grid Power Available at Future Phoenix Uranium Mine Site Following Completion of SaskPower Transmission Line
Prnewswire· 2026-01-08 11:30
Core Viewpoint - Denison Mines Corp. has achieved a significant milestone with the installation of a new 138kV transmission line, providing grid power supply to the future Phoenix in-situ recovery uranium mine, which is crucial for the project's construction and operation [1][2][3] Group 1: Project Development - The availability of grid power at the Phoenix site is a major step in de-risking the project, as it supports the establishment of the freeze wall around the initial mining area [1][3] - The new transmission line is approximately 6 kilometers long and connects the Phoenix site to the existing grid, enhancing the project's infrastructure [2][4] - Denison has secured access to up to 8.8 MW of power from SaskPower under a power supply agreement, committing to purchase a minimum amount of power for five years [4] Group 2: Construction and Infrastructure - The electrification of the Phoenix site will now only require the installation of on-site electrical distribution infrastructure, which includes long-lead items that are on schedule for delivery [3] - The commencement of construction activities is contingent upon receiving final regulatory approvals and a final investment decision by Denison [5] Group 3: Company Background - Denison is a leading uranium mining, development, and exploration company with a 90% interest in the Wheeler River Project, which hosts high-grade uranium deposits [7] - The Wheeler River Project is the largest undeveloped uranium project in the eastern Athabasca Basin, with permitting efforts for the planned Phoenix ISR operation having started in 2019 [5][6] - Denison also holds interests in various uranium project joint ventures in Canada, enhancing its position in the uranium market [8]
Homeland Continues to Extend Near-Surface Anomalous Radioactivity at Coyote Basin Uranium Project
TMX Newsfile· 2026-01-08 09:00
Core Viewpoint - Homeland Uranium Corp. is advancing its Phase II exploration drilling program at the Coyote Basin Uranium Project, confirming the presence of elevated radioactivity over a significant area and indicating potential for further expansion [1][2]. Drilling Progress - Eight additional Reverse Circulation (RC) drillholes (CB-RC-0035 to CB-RC-0042) have been completed, with approximately 3,400 m (11,155 ft) of the planned 5,300 m (17,388 ft) drilled, representing about 64% completion of the Phase II program [2]. - The recent drillholes were strategically placed to evaluate the lateral extent of anomalous radioactivity, confirming continuity of elevated radioactivity in the area [3][5]. Geological Findings - Elevated radioactivity has been detected at shallow depths, typically between 50 and 100 m (164-328 ft) below the surface, associated with specific rock types such as shales, claystones, and fine-grained sandstones [4]. - The presence of an extensive anomalous horizon has been suggested by the results from the southernmost drillholes, indicating that the anomalous zone may extend further south [5]. Future Plans and Analysis - The company is focused on systematically expanding the footprint of the uranium mineralization while conducting geochemical analyses to better characterize the mineralization [6]. - Geochemical samples from the drillholes have been sent to SGS Laboratories for analysis, with results to be reported once compiled and reviewed [6][12]. Quality Control Measures - All drillholes are logged using a calibrated QL40 SGR Spectral Gamma Ray probe, ensuring accurate measurement of natural radioactivity [8]. - Discrepancies between spectral gamma readings and other testing methods have been noted, necessitating further geochemical and assay sampling to accurately determine uranium grades [11].
Better Energy Stock: ExxonMobil vs. Cameco
The Motley Fool· 2026-01-07 21:35
Core Insights - The energy sector is gaining attention due to the increasing demand for energy driven by AI and data center growth [1] - Nuclear energy is emerging as a key future energy source, with significant investment in uranium miners and nuclear reactor developers [2] - Companies like Cameco and ExxonMobil present different investment opportunities in the energy sector [4] Group 1: Cameco (CCJ) - Cameco's stock has surged nearly 80% over the past years, reflecting strong investor interest [2] - The company is positioned to benefit from the expansion of nuclear energy as countries aim to triple their nuclear capacity by 2050 [5] - Nuclear power provides reliable, zero-carbon baseload electricity, addressing the intermittency of renewable sources [6] - Cameco's valuation is high, with a projected earnings per share of $1.52 in 2026, leading to a valuation of nearly 65 times those earnings [11] - The stock is best suited for growth investors optimistic about the nuclear industry's long-term prospects [13] Group 2: ExxonMobil (XOM) - ExxonMobil has a market cap of $510 billion and operates across the entire oil and gas value chain, making it more resilient than companies focused solely on exploration [7][8] - The company has extensive assets in key regions and sees long-term opportunities in natural gas, which is crucial for electricity generation and industrial processes [8][9] - ExxonMobil aims to double its global liquefied natural gas (LNG) supply portfolio by 2030 compared to 2020 [9] - The stock is priced at 17 times its projected 2026 earnings, making it a more attractive option for value investors [12] - ExxonMobil offers a strong balance sheet and a history of dividend increases, appealing to value-focused investors [14]
IsoEnergy Initiates Bulk Sample Program at the Tony M Uranium Mine in Utah, a Key Step Toward a Potential Restart Decision
Prnewswire· 2026-01-07 12:00
Core Viewpoint - IsoEnergy Ltd. is initiating a bulk sample program at its Tony M uranium mine in Utah to gather essential data for a potential production restart, capitalizing on the increasing demand for domestic uranium supply in the U.S. [1][3] Group 1: Bulk Sample Program Details - The bulk sample program will extract up to 2,000 tons of mineralized material over a 12-14 week period, starting in late December 2025, using contract mining services from GenX Mining Contractors, LLC [2][3] - The extracted material will be processed at the White Mesa Mill in Utah, owned by Energy Fuels Inc., which eliminates the need for new mill construction and reduces capital intensity [8][9] Group 2: Strategic Importance - IsoEnergy views the Tony M mine as a unique opportunity to advance a fully permitted uranium mine towards restart without extensive new construction or permitting, aligning with U.S. federal initiatives to enhance energy security [3][6] - The bulk sample is a critical step in defining the scope and economics of a future production plan, which may include detailed mine planning and assessing the timing of a potential production decision [4][6] Group 3: Recent Initiatives and Economic Profile - In 2025, IsoEnergy reduced the uranium production royalty on the Utah Trust Lands Administration lease from 8% to 3%, and conducted tests that demonstrated over 90% recovery of uranium from mineralized material [9] - Enhanced evaporation studies have shown that Landshark evaporators can eliminate the need for evaporation-pond expansion, thus reducing permitting timelines and capital requirements [9] Group 4: Mineral Resource Estimates - The current mineral resource estimate for the Tony M mine includes 1,185,000 short tons of indicated resources at a grade of 0.28% eU3O8, containing approximately 6,606,000 pounds of eU3O8 [11]
Oklo shares advance on US commitment to uranium enrichment
Proactiveinvestors NA· 2026-01-06 16:47
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Noble Plains Uranium Extends Consistent Mineralization at Duck Creek Project in Wyoming
TMX Newsfile· 2026-01-06 13:30
Core Insights - Noble Plains Uranium Corp. has announced the completion of twenty additional drill holes at its Duck Creek Project, demonstrating strong mineralization and supporting the advancement towards a compliant uranium resource in 2026 [1][2]. Drill Results - The latest drill results show significant mineralization, with notable intersections including: - Hole 25-28-047: 17.5 feet of 0.072% eU3O8, including 6.0 feet of 0.142% eU3O8 - Hole 25-21-053: 22.5 feet of 0.063% eU3O8, including 4.0 feet of 0.201% eU3O8 - Hole 25-21-058: 22.0 feet of 0.051% eU3O8, including 3.0 feet of 0.118% eU3O8 - Hole 25-21-059: 8.0 feet of 0.165% eU3O8, including 3.0 feet of 0.136% eU3O8 [2][3]. Geological Model and Resource Estimation - The drilling program has covered a strike length of approximately 1.5 kilometers (0.93 miles) and is maintaining a Grade-Thickness (GT) of 17% better than the higher end of the Exploration Target range outlined in the Duck Creek NI43-101 report [6]. - The exploration target ranges from 2.37 million tons at 0.03% U₃O₈ to 5.45 million tons at 0.05% U₃O₈, based on GT values of 0.2 and 0.598 respectively [6]. Drilling Program Objectives - The ongoing drill program is structured around three key objectives: 1. Confirmation of historic data through 16 holes 2. Expansion of shallow mineralization with approximately 130 holes 3. First-ever drilling of the Fort Union Formation with 10 holes [8][10][12]. Market Context - The uranium market is tightening, with increasing long-term contracting and spot prices, making projects that demonstrate scale and continuity more valuable [5][6]. Future Outlook - Noble Plains will continue to report results in batches as the drilling program progresses, with expectations of advancing towards its first compliant uranium resource [14].
CanAlaska Plans Large 2026 Exploration Program at West McArthur Joint Venture
TMX Newsfile· 2026-01-06 12:30
$15 Million Program and Budget to Advance High-Grade Pike Zone Discovery2026 Program will be Co-Funded on a Pro-Rata BasisSaskatoon, Saskatchewan--(Newsfile Corp. - January 6, 2026) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) ("CanAlaska" or the "Company") is preparing for the start of the approved $15 million exploration program on the West McArthur Joint Venture project (the "Project") in the southeastern Athabasca Basin (Figure 1). The 2026 West McArthur program will focus on continue ...
Atomic Minerals Enters into Investor Relations Agreement with Lagace Capital Corporation
TMX Newsfile· 2026-01-06 06:46
Core Viewpoint - Atomic Minerals Corporation has engaged Lagace Capital Corporation for investor relations services to enhance communication with the investment community and manage shareholder inquiries regarding recent developments [1][3]. Group 1: Engagement Details - Lagace Capital Corporation will provide services for an initial one-year term starting January 1, 2026, with a month-to-month continuation option thereafter [3]. - Lagace will receive a monthly cash fee of $6,000 and 200,000 vested stock options at $0.10 per common share, valid for five years [3]. Group 2: Company Overview - Atomic Minerals Corp. 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 [5]. - The company’s property portfolio includes uranium projects in three North American locations, with significant technical merit and historical uranium production [6]. - The Colorado Plateau properties have previously produced 597 million pounds of U3O8, while additional projects are located in the Athabasca Basin and Northern Saskatchewan, covering a total exploration area of 6,495 hectares [6].