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Mustang Energy Corp. Receives Exploration Permit for 914W Uranium Project
Globenewswire· 2025-07-03 21:51
Core Viewpoint - Mustang Energy Corp. has received exploration permits from the Saskatchewan Government for the 914W Uranium Project, enabling ground-based exploration activities until April 30, 2028 [1][2]. Group 1: Exploration Permits - The permits include Crown Land Work Authorization, Aquatic Habitat Protection Permit, Forest Product Permit, and Temporary Work Camp Permit, allowing for activities such as trail construction, line-cutting, ground geophysical surveys, and diamond drilling [2]. - Mustang is committed to engaging with local communities to address concerns and ensure sustainable project implementation, prioritizing consultation and environmental stewardship [3]. Group 2: Project Details - The 914W Uranium Project covers 1,260 hectares and is located approximately 48 km southwest of Cameco's Key Lake Operation, providing favorable logistics via Highway 914 [5]. - The project is situated within the Western Wollaston Domain, known for uranium mineralization, and has shown promising geological features, including local graphite-bearing assemblages [5]. - Historical exploration has indicated significant uranium presence, with drill hole ML-1 encountering up to 1,288 ppm U and surface prospecting revealing up to 0.64% U3O8 at Don Lake Zone E [5]. Group 3: Company Background - Mustang Energy Corp. is focused on discovering and developing high-potential uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [8]. - The company employs modern exploration techniques and a disciplined, data-driven approach to advance early-stage exploration [8].
Appia Plans to Resume Exploration at Alces Lake to Advance High-Priority REE Drill Targets
Newsfile· 2025-06-12 11:30
Core Viewpoint - Appia Rare Earths & Uranium Corp. is set to resume exploration activities at its Alces Lake project in Saskatchewan during summer 2025, following a preparatory program in 2024 focused on camp maintenance and land surveying [1][2]. Exploration Plans - The upcoming exploration program will utilize targets identified from a high-resolution Airborne Gravity Gradiometer (AGG) survey, which underwent advanced 3D processing in late 2024 [2][3]. - The summer 2025 phase will commence with Mobile Metal Ion (MMI) soil sampling and ground gravity surveys, aimed at testing potential REE-bearing zones from the surface to depths of 500 meters [2][4]. Strategic Focus - The exploration season's objective is to identify and prioritize compelling drill targets that could lead to larger sources of REE mineralization at Alces Lake [3]. - The program will integrate processed AGG geophysical data with new MMI soil sampling and gravity surveys to strategically focus the drill campaign on deeper potential [3][4]. Technical Approach - The goal is to identify geochemical anomalies that correlate with gravity-magnetic-radiometric-defined anomalies, which are indicators of monazite-hosted REE mineralization [4]. - Known showings like the WRCB and Magnet Ridge Zones will serve as models to guide the exploration tools [4]. Company Overview - Appia Rare Earths & Uranium Corp. is a publicly traded Canadian company engaged in the rare earth element and uranium sectors, holding rights to significant exploration areas in Saskatchewan and Brazil [8]. - The company has 153 million common shares outstanding and 177 million shares fully diluted [9].
Spark Energy Minerals to Attend Lithium & Critical Mineral Summit in Brazil
Newsfile· 2025-06-03 21:30
Company Participation - Spark Energy Minerals Inc. is participating as an Executive Dinner Sponsor and speaker at the 2nd Annual Lithium and Critical Mineral Summit in Belo Horizonte, Brazil from June 3rd to 5th, 2025 [1][2]. Industry Event Overview - The Brazil Lithium & Critical Minerals Summit is a significant event focused on Brazil's Lithium Valley, endorsed by Invest Minas, and aims to connect key industry players and international companies interested in lithium and critical mineral reserves [2][3]. - The inaugural summit attracted over 350 industry leaders from more than 25 countries, featuring over 50 speakers and facilitating over 180 private business meetings [3]. Notable Attendees - Key attendees of the summit include Sigma Lithium, Pilbara Minerals, Lithium Ionic, European Investment Bank, and Vale [4]. Company Project Focus - Spark Energy Minerals' CEO and Vice President of Exploration will engage with industry participants to discuss the Arapaima Lithium and Rare Earth Elements (REE) Project, which covers a land package of 919 km² and shows promising lithium and REE potential [5][6]. - The Arapaima project has identified 123 pegmatite occurrences across 13 trends with a combined strike length of 31 km, and has reported anomalous lithium values in rock chip samples up to 1,397 ppm Li [7]. Project Highlights - The project has promising REE mineralization with soil samples returning over 3,000 ppm Total Rare Earth Oxides (TREO) and stream sediments exceeding 6,000 ppm TREO [7]. - The project is well-positioned with excellent access via sealed roads and proximity to established infrastructure, including the Sigma Lithium mine located just 15 km away [7]. Corporate Development - Spark Energy Minerals has appointed Bonn Smith as Vice President of Corporate Development, bringing over 15 years of capital markets expertise [11][12].
IDR Slips 10% Post Q1 Results: Investment Opportunity or Red Flag?
ZACKS· 2025-05-12 18:25
Idaho Strategic Resources, Inc. IDR reported first-quarter 2025 results on May 8, with revenues rising 23% year over year to $7.3 million, its highest quarterly revenues on record. Despite this feat, IDR shares declined 10% as earnings of 12 cents per share lagged the Zacks Consensus Estimate of 20 cents and marked a 29% year-over-year decline.Along with the weaker-than-expected results, the IDR stock’s decline appears to have been influenced by the recent dip in gold prices. After a strong run earlier this ...
Energy Fuels Announces Q1-2025 Results
Prnewswire· 2025-05-07 23:22
Energy Fuels significantly increases 2025 uranium production and finished goods inventory guidance by 22% and 193%, respectively, increases strong working capital position, and continues to advance high-grade U.S. uranium production and world-class rare earth and mineral sand projects and capabilitiesDENVER, May 7, 2025 /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), a leading U.S. producer of uranium, rare earth elements ("REE"), and other critical miner ...
UUUU Vs UEC: Which US Uranium Stock Deserves a Spot in Your Portfolio?
ZACKS· 2025-05-02 19:01
Core Viewpoint - Energy Fuels Inc. (UUUU) and Uranium Energy (UEC) are positioned to benefit from the U.S. push for domestic nuclear energy, despite facing challenges from a 25% decline in uranium prices over the past year [1][2][25]. Industry Overview - The long-term outlook for uranium remains strong due to the increasing demand for clean energy, with the U.S. consuming 47 million pounds of uranium annually [2]. - Both companies are expected to face revenue pressure in 2025 due to lower uranium prices, but they are ramping up capabilities to meet anticipated domestic demand [25]. Company Analysis: Energy Fuels Inc. (UUUU) - UUUU has been a leading U.S. producer of natural uranium concentrate, accounting for two-thirds of domestic output since 2017 [4]. - The company aims to establish its White Mesa Mill as a critical minerals hub, producing uranium, vanadium, rare earth elements (REEs), and potential radioisotopes [4][6]. - UUUU's acquisition of Base Resources Limited in October 2024 enhances its potential as a key producer of titanium and zirconium minerals [5]. - The company is currently producing from three uranium mines, with expected ore production for 2025 between 730,000 and 1,170,000 pounds [7]. - UUUU reported revenues of $78 million in 2024, a 106% year-over-year increase, with uranium revenues rising 9% [8]. - The Zacks Consensus Estimate for UUUU's 2025 revenues is $72.3 million, indicating a 7.5% year-over-year drop, with an expected loss of 21 cents per share [16]. Company Analysis: Uranium Energy (UEC) - UEC is the largest and fastest-growing supplier of uranium in the U.S., with a combined licensed production capacity of 12.1 million pounds [9]. - The company has made significant acquisitions, including Rio Tinto's uranium mining projects, enhancing its production capabilities [11][12]. - UEC reported revenues of $49.8 million in the second quarter of fiscal 2025, selling 600,000 pounds of uranium at $82.92 per pound [15]. - The Zacks Consensus Estimate for UEC's 2025 revenues is $89.8 million, a substantial improvement from the previous year, but with an expected loss of 10 cents per share [18]. Valuation and Performance - Year-to-date price performances for both companies have been poor, with UUUU shares declining 7.8% and UEC shares falling 19.9% [21]. - UUUU is trading at a forward price-to-sales multiple of 9.02, while UEC's forward sales multiple is at 25.73 [22]. - UUUU appears more attractive from a valuation standpoint and has better price performance compared to UEC [26].
Integral Metals Reports Preliminary Geomicrobial Results from Burntwood Project, Highlights Biological Pathfinder Potential for REE Exploration
Globenewswire· 2025-04-30 12:00
Preliminary Geomicrobial Results Uncovers Promising Microbial Signatures Linked to Rare Earth PotentialCALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Integral Metals Corp. (CSE: INTG | OTC: ITGLF | FSE: ZK9) (the “Company” or “Integral”) is pleased to announce preliminary results from its 2024 geomicrobial survey at the Burntwood Project in northern Manitoba, where early findings demonstrate promising microbial patterns that may serve as biological pathfinders for rare earth element (REE) mineralizati ...
Brazilian Rare Earths March 2025 Quarterly Report
Globenewswire· 2025-04-29 12:30
SYDNEY, April 29, 2025 (GLOBE NEWSWIRE) -- Brazilian Rare Earths Limited (ASX:BRE / OTCQX: BRELY) (‘BRE’) presents its quarterly report for the period ended 31 March 2025. Key highlights during and subsequent to the end of the quarter included: Record exploration success continues at Monte Alto New exploration results at Monte Alto increased the continuity, depth and scale of the ultra-high-grade REE-Nb-Sc-Ta-U mineralised envelope, that remains open along strike and at depthUltra-high-grade rare earth inte ...