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]

Kelowna, British Columbia--(Newsfile Corp. - December 15, 2025) - Strathmore Plus Uranium Corporation (CSE: SUU) (OTCQB: SUUFF) ("Strathmore" or "the Company") is pleased to announce the expansion of the Agate Project with the addition of 24 staked mining claims. Agate is in the Shirley Basin Uranium District, central Wyoming, a burgeoning In-situ uranium producing area.Wyoming is the leading uranium producer in the U.S., with over 70 years of mining and over 250m lbs. of uranium produced. Cameco, Energy F ...

Core Insights - Homeland Uranium Corp. has provided an update on the Phase II exploration program at the Coyote Basin Uranium Project, which is fully owned by the company [1][12] Exploration Program Update - The first six of the planned 35 Reverse Circulation (RC) drillholes have been completed, totaling approximately 5,300 meters (17,000 feet) [2] - Drilling is focused on historical resource-bearing locations identified by previous operators and during the company's June mapping and prospecting program [2] Drilling Results - Downhole Spectral Gamma Ray readings from completed drill holes indicate near-surface elevated radioactivity at depths of 50 to 100 meters, correlating with previously identified mineralized horizons [3] - Hole CB-RC-0023 identified multiple zones of elevated radioactivity at depths between 220 and 320 meters (722 to 1,050 feet), which remain open for expansion [4] - Anomalous radioactivity is widely dispersed within shales, claystones, and fine-grained sandstones, suggesting potential for additional uranium mineralization between known horizons [5] Quality Assurance and Analysis - All drillholes are logged using a calibrated QL40 SGR Spectral Gamma Ray downhole probe, which collects continuous spectral gamma measurements [7] - Discrepancies between spectral gamma readings and XRF results indicate that additional geochemical and assay sampling will be necessary for accurate uranium grade determination [9] - Samples from each 5-foot interval of the drill holes have been collected for geochemical analysis and will be sent to SGS Laboratories for testing [10] Historical Resource Information - The Coyote Basin Project is reported to contain an estimated historical resource of 8,850,000 tons grading 0.20% U3O8, totaling approximately 35.4 million pounds of U3O8 [13] - The company is not treating the historical resource estimate as current mineral resources and emphasizes the need for further evaluation before classifying any resources [14]

Core Insights - Cameco Corporation (CCJ) has reduced its 2025 uranium production outlook due to development delays at the McArthur River mine, which is the largest high-grade uranium mine globally [1][9] - The company's attributable uranium production for the first nine months of 2025 was 15 million pounds, reflecting a 13% year-over-year decline, with a significant 32% drop at McArthur River, partially offset by a 16% increase at Cigar Lake [2][9] - CCJ expects its share of uranium production from McArthur River to be between 9.8-10.5 million pounds in 2025, down from an earlier forecast of 12.6 million pounds, while the production estimate for Cigar Lake remains unchanged at 9.8 million pounds [3][4] Production and Operations - The Key Lake mill, which is the world's largest uranium mill, was shut down from September 3 to October 17 due to delays in transitioning to new mining areas at McArthur River, impacting third-quarter production [2] - Despite the challenges at McArthur River, strong performance at Cigar Lake and the McClean Lake mill is expected to help offset approximately 1 million pounds of the anticipated shortfall from McArthur River [4][9] Peer Performance - Energy Fuels produced approximately 465,000 pounds of uranium in the third quarter, with a year-to-date total of 1,245,000 pounds, and expects to mine between 875,000-1,435,000 pounds of contained uranium in 2025 [5][6] - Ur Energy is operating the Lost Creek project with an annual capacity of 1.2 million pounds and has received final approval for its expansion [7] Market Performance - CCJ shares have increased by 86.3% this year, outperforming the industry growth of 36%, the Zacks Basic Materials sector's growth of 29.8%, and the S&P 500's increase of 19.6% [8] - The Zacks Consensus Estimate for Cameco's earnings for fiscal 2025 indicates a year-over-year growth of 95.9%, while the estimate for 2026 implies growth of 55.6% [10] Valuation Metrics - CCJ is currently trading at a forward price-to-sales ratio of 16.66, significantly higher than the industry's ratio of 1.44 [11]

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce that it is proceeding on a non-brokered private placement for gross proceeds of up to $4.55M, consisting of flow-through shares of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (eac ...