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Nexus Uranium Closes on Seven High-Grade Uranium Targets in America's Most Prolific Breccia Pipe District
TMX Newsfile· 2026-04-01 09:00
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") is pleased to announce the closing of its previously announced acquisition of a 100% interest in the Arizona Strip Project (the "Project"), comprising 38 federal Bureau of Land Management ("BLM") lode mining claims covering seven collapse breccia pipe uranium targets in Mohave County, Arizona (see news release dated March 19, 2026 for additional details). "Clo ...
Closing Of Non-Brokered Private Placement
Accessnewswire· 2026-04-01 02:40
Closing Of Non-Brokered Private Placement <!-- Twitter Tags --> <!-- Facebook Tags --> <!-- Injecting site-wide to the head --> <!-- End Injecting site-wide to the head --><!-- Inject secured cdn script --> <!-- ========= Meta Tags ========= --> <!-- PWA settings --> <!-- Add manifest --> <!-- End PWA settings --> <!--Add favorites icons--><!-- End favorite icons --> <!-- render the required CSS and JS in the head section --> <!-- loadCSS function header.jsp--> <!-- Google Fonts Include --><!-- loadCSS func ...
Aero Energy, Urano Energy and Pegasus Resources Announce Closing of $10.5 Million Subscription Receipt Private Placement
TMX Newsfile· 2026-04-01 00:21
Core Viewpoint - Aero Energy Limited, Urano Energy Corp., and Pegasus Resources Inc. have successfully closed a non-brokered private placement, raising gross proceeds of $10,500,000 through the issuance of 26,249,999 subscription receipts at a price of $0.40 each, in connection with their planned merger to form Manhattan Uranium Discovery Corp. [1][2] Group 1: Subscription Receipt Financing - The Subscription Receipt Financing is part of a definitive arrangement agreement between Aero, Urano, and Pegasus to combine the three companies through a court-approved plan of arrangements [2] - Each subscription receipt will convert into one unit of Aero, consisting of one common share and one share purchase warrant, with the warrant exercisable at $0.60 until March 31, 2028 [3] - The company incurred finder's fees of $415,498 and will issue 1,038,745 finder's warrants, each exercisable at $0.40 until March 31, 2028 [4] Group 2: Use of Proceeds - The net proceeds from the Subscription Receipt Financing will be allocated to advancing the uranium project portfolio in North America, repaying a secured bridge loan of up to $1,000,000 to Urano, covering costs related to the Transactions, and for working capital and general corporate purposes [5] Group 3: Escrow and Conditions - The gross proceeds from the financing will be held in escrow and released upon satisfaction of certain conditions no later than 90 days following the closing date [6] - If the escrow release conditions are not met or if Urano decides not to proceed with the transaction, all subscription receipts will be canceled, and the escrowed funds will be returned to the holders [7] Group 4: Company Profiles - Aero Energy Limited has a robust portfolio of uranium assets in North America, including projects in Saskatchewan's Athabasca Basin and Nevada, positioning the company to capitalize on the growing demand for uranium [9] - Urano Energy Corp. holds advanced uranium projects in the Colorado Plateau, aiming to advance permitting for key projects as domestic uranium demand increases [10] - Pegasus Resources Inc. focuses on high-potential uranium projects in the U.S., with its flagship Jupiter Uranium Project in Utah ready for resource expansion [11]
American Uranium Advances Wyoming ISR Development with Resource Growth and Confidence Upgrade at Lo Herma
Prnewswire· 2026-03-31 12:45
Core Insights - American Uranium Limited has reported a 10% increase in the global Mineral Resource at its Lo Herma ISR uranium project, now totaling 9.45 million pounds eUO, with 43% classified as Indicated [1][4] - The combined resources within the planned Scoping Study footprint across Mine Units 1, 2, and 3 now total 7 million pounds at 46% Indicated, enhancing the project's development foundation ahead of a Scoping Study targeted for Q3 2026 [2] - The Lo Herma project is positioned comparably to established ISR satellite projects in Wyoming, indicating its development readiness and potential for further resource updates [3] Company Developments - The company has completed 66 out of 121 holes in its drilling program, with further drilling planned for Q2 2026 to continue resource expansion [1][2] - CEO Bruce Lane emphasized the progress in building scale and confidence in the core mine units, indicating a strategic focus on ISR development options [4]
F3 Hits 3.0m of 1.19% U3O8 at Tetra Zone
TMX Newsfile· 2026-03-31 09:00
Core Insights - F3 Uranium Corp. announced final assay results from the 2025 Tetra Zone drill program on the Broach Property, highlighting a significant mineralized interval of 13.0 meters grading 0.28% U3O8, with notable high-grade sections [1][2][3] Drill Program Results - The drill hole PLN25-219A revealed a main mineralized interval of 13.0 meters at 0.28% U3O8, including high-grade sections of 3.0 meters at 1.19% U3O8, 0.5 meters at 1.07% U3O8, and 1.0 meter at 1.60% U3O8 [1][2][3] - The results confirm continuity in the Tetra Zone, providing valuable geological information for further exploration [2][3] Geological Context - The Tetra Zone is part of the Patterson Lake North Project, which spans 42,961 hectares and is strategically located near other high-grade uranium deposits in the Athabasca Basin [8][12] - The project includes multiple properties, with the Broach Property hosting the Tetra Zone located 13 kilometers south of the JR Zone [8][12] Future Exploration Plans - A follow-up drill program is currently underway at the Tetra Zone, utilizing a diamond drill to further investigate the mineralization [2][3]
Strathmore Continues to Advance Agate Project with 2026 Drilling Program
TMX Newsfile· 2026-03-31 09:00
Kelowna, British Columbia--(Newsfile Corp. - March 31, 2026) - Strathmore Plus Uranium Corporation (CSE: SUU) (OTCQB: SUUFF) ("Strathmore" or "the Company") is pleased to announce that 2026 Exploration Drilling at the Agate Project is to begin the week of April 13th. The Agate Property is a potential in-situ recovery project located in the Shirley Basin Uranium District, of central Wyoming. Agate borders both Cameco and UEC projects and lies close to UR-Energy's satellite in-situ mine that is currently und ...
Paladin Acknowledges Judicial Review Application of EIS Approval
Globenewswire· 2026-03-31 03:54
Core Viewpoint - Paladin Energy Ltd is facing a judicial review application from the Métis Nation–Saskatchewan regarding the approval of its Environmental Impact Statement for the Patterson Lake South Project, which may impact the project's progress and operations [1][4]. Group 1: Legal Proceedings - The Métis Nation–Saskatchewan has applied for a judicial review in the Saskatchewan Court of King's Bench to challenge the decision made on February 19, 2026, by the Saskatchewan Minister of Environment approving Paladin's Environmental Impact Statement [1]. - The application alleges that the Government of Saskatchewan did not adequately consult the Métis Nation–Saskatchewan prior to the decision on the Environmental Impact Statement [4]. - The application seeks to set aside the Minister's decision and requests an interim injunction to prevent Paladin from acting on the decision until the court resolves the matter [4]. Group 2: Company Response - Paladin Energy Ltd denies the claims made in the judicial review application and intends to defend its position vigorously [5]. - The company has been in consultation with the Métis Nation–Saskatchewan for several years and has made significant efforts to address environmental concerns raised during these consultations [3]. Group 3: Indigenous Relations - Paladin recognizes the unique rights, cultures, and histories of Indigenous peoples and aims to develop partnerships that foster communication and socio-economic benefits for Indigenous communities [2].
Fusion Fuel Highlights Royal Uranium's 2% NSR on Two Mineral Claims held by the Shea Creek Joint Venture, One of Canada's Largest Undeveloped Uranium Projects in the Athabasca Basin
Globenewswire· 2026-03-27 22:58
Core Viewpoint - Fusion Fuel Green PLC is set to acquire a 2.0% Net Smelter Return royalty on two mineral claims as part of a broader transaction with Royal Uranium Inc, which will enhance its portfolio of uranium royalty interests across multiple regions [1][6]. Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, supporting decarbonization across various sectors [8]. - The company is focused on capital-efficient royalty portfolios, particularly in uranium and natural gas deposits, through its acquisition of Royal Uranium [6][9]. Industry Context - The Shea Creek Joint Venture, located in the Western Athabasca Basin, is operated by Orano Canada Inc. and Uranium Energy Corp, benefiting from strong government support and long-term demand driven by France's nuclear energy program [2]. - Global uranium demand is projected to reach 397 million pounds by 2040, a 118% increase from 2025 levels, while supply is expected to grow only 14%, leading to an estimated annual deficit of approximately 197 million pounds [4]. - The Western Athabasca Basin is recognized for its significant undeveloped uranium resources and is attracting investment from major nuclear energy companies, indicating strong expansion potential [2][5]. Royalty and Resource Details - The NSR royalty pertains to mineral claims MC00040006 and MC00040007, which are part of a larger portfolio of 16 uranium royalty interests anticipated to be acquired from Royal Uranium [1][3]. - The mineral resource estimates for the Shea Creek deposits include 67.57 million pounds U₃O₈ indicated and 28.06 million pounds U₃O₈ inferred, highlighting the potential value of the claims [7].
Fusion Fuel Highlights Royal Uranium’s 2% NSR on Two Mineral Claims held by the Shea Creek Joint Venture, One of Canada’s Largest Undeveloped Uranium Projects in the Athabasca Basin
Globenewswire· 2026-03-27 22:58
Core Viewpoint - Fusion Fuel Green PLC is set to acquire a 2.0% Net Smelter Return (NSR) royalty on two mineral claims as part of a larger transaction with Royal Uranium Inc, enhancing its portfolio in the uranium sector [1][8]. Company Overview - Fusion Fuel Green PLC is a provider of energy engineering, advisory, and utility solutions, with a focus on integrated energy solutions including green hydrogen [10]. - The company is acquiring a controlling interest in Royal Uranium, which holds a portfolio of 16 royalties across the Americas, aimed at providing exposure to energy commodity royalties [8][11]. Industry Context - The Shea Creek Joint Venture, located in the Western Athabasca Basin, is operated by Orano Canada Inc. and Uranium Energy Corp, benefiting from strong government support and long-term demand driven by France's nuclear energy program [2]. - Global uranium demand is projected to reach 397 million pounds by 2040, a 118% increase from 2025 levels, while supply is expected to grow only 14%, leading to an estimated annual deficit of approximately 197 million pounds [5]. - Development-stage resources in regions like the Western Athabasca Basin are crucial for meeting future uranium demand, especially given the constraints faced by existing producers [6]. Resource Estimates - The Shea Creek Joint Venture has discovered four deposits with significant mineral resource estimates, including 67.57 million pounds indicated and 28.06 million pounds inferred [9]. - UEC's 2022 mineral resource estimate indicates a strong potential for expansion, with extensive drilling completed since 1992 [3][4]. Strategic Acquisition - The acquisition of Royal Uranium is expected to allow Fusion Fuel to benefit from any future discoveries within the claims without incurring additional capital expenditures [7]. - The transaction is part of a strategy to enhance the company's royalty portfolio in uranium and natural gas, providing long-duration exposure to commodity price upside while minimizing operational risks [11].
Here’s What You Need to Know About Denison Mines (DNN)’s Q4 2025 Earnings
Yahoo Finance· 2026-03-27 21:29
Financial Performance - Denison Mines Corp. reported fiscal Q4 2025 earnings with a revenue of $899,530, reflecting a year-over-year growth of 10.43% and exceeding consensus estimates by $96,510 [1] - The company's earnings per share (EPS) was negative $0.02, which fell short of the consensus by $0.01 [1] Operational Highlights - The flagship Phoenix ISR Uranium Mine has received all necessary regulatory approvals, with site preparation and construction expected to commence later in March [2] - Denison has successfully raised $345 million through convertible notes to support its operations [2] - The Phoenix mine is projected to begin production by mid-2028 and aims to be one of the few new large-scale uranium sources before 2030 [2] Production Insights - The McClean North Deposit produced approximately 650,000 lbs. of U₃O₈ using patented SABRE mining technology, positioning it among North America's top-producing uranium mines post-startup [4] - Denison holds a 22.5% interest in the McClean Lake Joint Venture, enhancing its production capabilities in the region [4] Company Overview - Denison Mines Corp. is primarily focused on uranium mining, development, and exploration, with significant interests in Canada's Athabasca Basin, including the Wheeler River project [4]