Core Insights - The uranium market experienced a weak November, with a spot price drop of -7.90%, but still shows a year-to-date gain of 3.62% as of November 30, 2025 [1][2] - Strong demand for uranium is anticipated due to increasing policy commitments for nuclear reactor construction and efforts by the U.S. government to reduce regulatory hurdles [2][3] - A projected supply deficit of 197.0 million pounds of uranium by 2040 suggests that prices may rise significantly beyond November lows as demand increases [3][4] Market Dynamics - The uranium spot price faced challenges in 2025, with trading remaining range-bound despite improving fundamentals [4] - Term pricing has begun to rise on light contracting volumes, indicating that key producers have already sold forward multiple years of production [4] - The fading policy uncertainty for utilities is expected to enhance long-term contracting volumes, potentially driving growth in 2026 [4][5] Investment Opportunities - The Sprott Uranium Miners ETF (URNM) offers a balanced approach to uranium exposure by investing in both uranium miners and physical uranium [4][5] - Should the uranium industry recover in the upcoming year, URNM's strategy is positioned to pursue various options for growth and returns, supported by a strong long-term demand outlook [5]

Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to report that exploration plans have been approved for the Company's Darby and Murphy Lake North (MLN) projects. Darby and MLN are joint ventures (the "Joint Venture") between Cosa and Denison Mines Corp. ("Denison") (TSX: DML) (NYSE American: DNN) and are located 10 kilometres west of Cameco's Cigar Lake Mine and three kilometres east of Iso ...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce that, further to its news release dated December 12, 2025, it has increased its non-brokered private placement to gross proceeds of up to $ 6,013,250, consisting of flow-through shares of the Company to be issued as a “flow-through shar ...

Core Viewpoint - Denison Mines Corp. has successfully closed a transaction with Skyharbour Resources Ltd., resulting in the formation of four joint ventures focused on uranium exploration adjacent to Denison's Wheeler River Project [1][2]. Group 1: Transaction Details - The transaction involves the establishment of four joint ventures, including claims from Skyharbour's Russell Lake Uranium Project, located next to Denison's Wheeler River Project [1][2]. - Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49% and 70% respectively, while Skyharbour will operate the Russell Lake and Getty East joint ventures with Denison holding 20% and 30% interests respectively [2]. Group 2: Ownership and Options - Denison and Skyharbour have entered into Earn-In Option Agreements, allowing Denison to increase its ownership in the Wheeler North and Getty East joint ventures up to 70% [3]. - Denison holds a 95% effective interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin [4]. Group 3: Project Developments - In mid-2023, Denison completed a feasibility study for the Phoenix deposit as an ISR mining operation and updated the Pre-Feasibility Study for the Gryphon deposit as a conventional underground mining operation, both showing potential to be competitive with the lowest cost uranium mining operations globally [5]. - Permitting for the Phoenix ISR operation began in 2019 and is nearing completion, with the project's Environmental Assessment approved in July 2025 and the Canadian Nuclear Safety Commission Public Hearing concluding in December 2025 [5]. Group 4: Additional Interests - Denison has a 22.5% ownership interest in the McClean Lake Joint Venture, which includes unmined uranium deposits and a uranium mill processing ore from the Cigar Lake mine [6]. - The company also holds interests in various uranium project joint ventures through its 50% ownership of JCU (Canada) Exploration Company, including the Millennium, Kiggavik, and Christie Lake projects [7]. Group 5: Skyharbour Overview - Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and has acquired a 100% interest in the Moore Uranium Project, located near Denison's Wheeler River project [9]. - The Russell Lake Uranium Project, adjacent to the Moore Project, hosts widespread uranium mineralization with exploration potential [9].

Core Insights - Skyharbour Resources Ltd. has finalized a strategic agreement with Denison Mines Corp. for the Russell Lake Uranium Project, which includes joint venture agreements and a significant financial commitment from Denison [1][4][5] Financial Overview - The strategic agreement entails a total project consideration of up to CAD $61.5 million, including an initial cash payment of $10 million and additional cash and share payments of $8 million before year-end [5][7] - Denison will invest up to $43.5 million over seven years to acquire between 20% and 70% ownership in the claims of the Russell Lake Project [5][10] Project Structure - The Russell Lake Project has been divided into four joint ventures: Wheeler North, Getty East, Wheeler River Inlier Claims, and Russell Lake, with Skyharbour retaining varying ownership interests [5][10] - Skyharbour will maintain an 80% ownership interest in the RL claims, which cover over 53,192 hectares, while Denison will hold a 20% interest [15][10] Exploration and Development Plans - Denison has committed to a minimum of $4 million in exploration expenditures over the first two years for Wheeler North and Getty East [5][6] - The geological teams from both companies will collaborate to enhance exploration efforts and unlock value across the joint ventures [5][6] Strategic Importance - The Russell Lake Project is strategically located in the Eastern Athabasca Basin, adjacent to significant uranium mining operations, enhancing its exploration potential [1][14] - The partnership with Denison, a leading uranium mining company with a market capitalization exceeding $3 billion, is expected to accelerate exploration and development at Russell [5][6] Future Outlook - Skyharbour is well-funded with over $11 million in treasury, allowing for continued exploration and operational activities through 2026 [5][6] - The company aims to maximize shareholder value through new mineral discoveries and long-term partnerships in favorable jurisdictions [26]

Core Insights - Skyharbour Resources Ltd. has finalized a strategic agreement with Denison Mines Corp. for the Russell Lake Uranium Project, which includes joint venture agreements and a significant financial commitment from Denison [1][4][5] Financial Overview - The strategic agreement entails a total project consideration of up to CAD $61.5 million, including an initial cash payment of $10 million and additional cash and share payments of $8 million before year-end [5][7] - Denison will invest up to $43.5 million over seven years to acquire between 20% and 70% ownership in the Russell claims, with Skyharbour retaining the remaining interests [5][10] Project Structure - The Russell Lake Project has been divided into four joint ventures: Wheeler North, Getty East, Wheeler River Inlier Claims, and Russell Lake, with varying ownership stakes [5][10] - Skyharbour will maintain operational control over the RL claims, which cover over 53,192 hectares, while Denison will become the operator of the Wheeler River Inliers [5][10][17] Exploration Commitments - Denison has committed to a minimum of $4 million in exploration expenditures over the first two years for Wheeler North and Getty East, and will fund its pro-rata share of expenditures for the RL claims through 2029 [5][6][17] - The geological teams from both companies will collaborate to enhance exploration efforts across the joint ventures [5][6] Strategic Importance - The Russell Lake Project is strategically located in the Eastern Athabasca Basin, adjacent to significant uranium mining operations, enhancing its exploration potential [1][16] - Denison's involvement is expected to accelerate exploration and discovery processes at the project, leveraging its experience and resources [4][6] Company Positioning - Skyharbour is well-funded with over $11 million in treasury going into 2026, allowing it to advance its exploration projects while benefiting from partner-funded initiatives [5][6][25] - The company holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, positioning it to capitalize on improving market conditions [25][28]

Core Viewpoint - Skyharbour Resources Ltd. has successfully acquired Rio Tinto Exploration Canada Inc.'s minority interest in the Russell Lake Uranium Project, increasing its ownership to 100% and enhancing its strategic position in the uranium market [1][3][4]. Transaction Details - The acquisition involved purchasing RTEC's approximately 42.3% interest in the Russell Lake Project for a total cash consideration of C$10 million, which included a C$2 million deposit and an C$8 million payment at closing [3]. - Skyharbour has granted RTEC a 0.25% net smelter returns royalty over the Russell Lake Project [4]. Project Overview - The Russell Lake Project spans 73,314 hectares and is located in a strategic area between Cameco's Key Lake and McArthur River Projects, enhancing accessibility due to nearby infrastructure [5]. - The project is characterized as a large, advanced-stage uranium exploration property with significant exploration upside potential [7]. Company Positioning - Skyharbour holds a diverse portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and is well-positioned to capitalize on improving uranium market fundamentals [7]. - The company has joint ventures with industry leaders and has signed earn-in option agreements that could lead to over $76 million in partner-funded exploration expenditures and over $42 million in cash and share payments [8][9].

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) ("Bayridge" or the "Company") announces that it intends to complete a non-brokered private placement for gross proceeds of up to $830,000 ("Private Placement"), consisting of two parts: Up to 2,000,000 flow-through units ("FT Units") at a price of $0.25 per FT Unit, with each FT Unit consisting of one flow-through common share and one-half of one common share purchase warrant ...

LITTLETON, CO / ACCESS Newswire / December 15, 2025 / Ur-Energy Inc. ("Ur-Energy" or the "Company") (NYSE American:URG)(TSX:URE) today announced the closing of its previously announced offering of $120 million aggregate principal amount of 4.75% Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering"), which included the exercise in full by the initial purchasers of their option to purchase an additional US$20 million of notes.Cantor Fitzgerald & Co. acted as sole book-runn ...

Core Insights - Energy Fuels Inc. is positioning itself as one of the lowest-cost uranium producers globally by processing high-grade ores from its Pinyon Plain mine starting in Q4 2025 through Q1 2026, expecting to produce 1.1-1.4 million pounds of finished uranium [1][10] Cost Structure - Average mining and transportation costs to the White Mesa Mill are estimated at $10-$14 per pound, with milling costs projected at $13-$16 per pound, leading to a total cost of goods sold (COGS) of $23-$30 per pound [2] - The finished uranium inventories as of September 30, 2025, have a weighted average cost of $53 per pound, but with the integration of lower-cost Pinyon Plain output, COGS is expected to decrease to $50-$55 per pound by late 2025 and further to $30-$40 per pound in Q1 2026 [4][10] Competitive Positioning - The reduction in costs, alongside stable uranium prices, is anticipated to significantly enhance Energy Fuels' gross margins, strengthening its competitive edge in the North American market [5] - In comparison, peer Cameco Corp. reported a gross margin of 28% in Q3 2025, while Centrus Energy reported a negative gross margin of 6%, highlighting Energy Fuels' potential for improved profitability [6][8] Market Performance - Energy Fuels shares have increased by 184.1% year-to-date, outperforming the industry average growth of 38.3% [9] - The company is currently trading at a forward 12-month price/sales multiple of 40.53X, significantly higher than the industry average of 3.97X [11] Earnings Estimates - The Zacks Consensus Estimate for Energy Fuels' loss in 2025 is projected at 35 cents per share, with a revised estimate of a loss of six cents per share for 2026 [12]