Workflow
Uranium
icon
Search documents
Mustang Energy Corp. Acquires Nucleus Uranium Ltd.
Globenewswire· 2025-05-14 21:29
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC:MECPF, FRA:92T) (the “Company” or “Mustang”) is pleased to announce that it has completed the acquisition of Nucleus Uranium Ltd. (“Nucleus”), an arm’s length British Columbia-based uranium company, pursuant to a share exchange agreement dated May 5, 2025 (the “Agreement”) among the Company, Nucleus, and Golden Mile Resources Corp. (the “Shareholder”), the former sole shareholder of Nucleus. Nucleus, now a whol ...
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
Vancouver, British Columbia, May 13, 2025 (GLOBE NEWSWIRE) -- Atomic Minerals Corporation ("Atomic Minerals" or the "Company") (TSX Venture: ATOM) is pleased to announce that it has entered into a share exchange agreement (the “Agreement”) with the shareholders of Stratigraphic Capital Corp. (“Stratigraphic”), a British Columbia corporation, the owner of 40 mineral concessions comprising 2,351 HA in the Quebec municipalities of Lac Saint-Paul, Mont-Saint-Michel and Lac-Douaire (the “Mont-Laurier Uranium Pro ...
Interim Financial Results
Globenewswire· 2025-05-12 22:41
PERTH, Australia, May 12, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) advises that it has released its unaudited condensed interim financial report and management discussion and analysis (MD&A) for Paladin Energy Ltd and its controlled entities for the three and nine month periods ended 31 March 2025 (“Interim Financial Results”). The Company has also released an accompanying presentation on the Interim Financial Results. The unaudited condensed i ...
enCore Energy Reports Q1 2025 Financial Results Highlighted by Reduced Uranium Extraction Costs
Prnewswire· 2025-05-12 20:05
Core Insights - enCore Energy Corp. reported its financial and operational results for Q1 2025, highlighting significant activities in uranium extraction and sales [1][8] Financial Performance - Total costs of U3O8 sold in Q1 2025 amounted to $18,262,000 for 290,000 pounds, resulting in a cost per pound of $62.97 [4] - The company extracted and processed 130,015 pounds of U3O8 at a cost of $36.11 per pound [7] - The average price for U3O8 sold was $62.89 per pound, with a total of 290,000 pounds delivered under sales contracts [7] - The company reported a net loss per share of $0.13, an increase from $0.04 per share in Q1 2024, attributed to higher exploration and extraction activities and a mark-to-market loss of over $9 million on marketable securities [7] Inventory and Costs - At the end of Q1 2025, the company had an inventory of 153,058 pounds of U3O8, with a total cost of $6,182,000, resulting in a cost per pound of $40.39 [6] - The cash cost of extracted pounds was $2,304,000, translating to $31.26 per pound, while non-cash costs amounted to $1,058,000, or $14.36 per pound [4] Operational Highlights - The company made a cash repayment of $12.2 million on a uranium loan, leading to a negative operating cash flow of $7.7 million [7] - Cash and equivalents stood at $29.7 million, with working capital of $35.7 million at the end of the quarter [7] Company Overview - enCore Energy Corp. is focused on providing clean, reliable, and affordable fuel for nuclear energy, utilizing In-Situ Recovery (ISR) for uranium extraction [10][11] - The company operates the Rosita Central Processing Plant in South Texas and has a joint venture with Boss Energy Ltd. for the Alta Mesa Project [11]
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 13, 2025 in enCore Energy Corp. Lawsuit – EU
GlobeNewswire News Room· 2025-05-12 17:17
Core Points - enCore Energy Corp. (NASDAQ: EU) is facing a class action lawsuit due to allegations of issuing materially false and misleading statements during the class period from March 28, 2024, to March 2, 2025 [3][4] - The allegations include a lack of effective internal controls over financial reporting, inability to capitalize certain exploratory and development costs under GAAP, and a substantial increase in net losses as a result [3] - The lawsuit claims that the defendants' positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [3] Class Action Details - Shareholders who purchased shares during the specified class period are encouraged to register for the class action, with a deadline of May 13, 2025, to seek lead plaintiff status [4] - There is no cost or obligation for shareholders to participate in the case, and they will be enrolled in a portfolio monitoring software for status updates [4] - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders and aims to protect investors' rights against deceit and fraud [5]
Standard Uranium Announces Signing of Definitive Agreement to Option Corvo Project in Eastern Athabasca Basin
Newsfile· 2025-05-09 11:30
Standard Uranium Announces Signing of Definitive Agreement to Option Corvo Project in Eastern Athabasca BasinMay 09, 2025 7:30 AM EDT | Source: Standard Uranium Ltd.Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a definitive property option agreement (the "Option Agreement"), dated May 8, 2025, with Vital Battery Metals Inc. (CSE: VBAM) (O ...
Important May 13 Deadline in enCore Energy (EU) Investor Lawsuit, Alleging Financial Misstatements and Internal Control Failures- Hagens Berman
GlobeNewswire News Room· 2025-05-07 21:15
SAN FRANCISCO, May 07, 2025 (GLOBE NEWSWIRE) -- enCore Energy Corp. (NASDAQ: EU), a company focused on the exploration and development of uranium resources, is facing a class-action lawsuit that accuses its leadership of misleading investors and failing to disclose serious financial vulnerabilities. The deadline for investors to seek appointment as lead plaintiff in the lawsuit is May 13, 2025. Hagens Berman urges enCore Energy investors who suffered substantial losses to submit your losses now. Class Perio ...