TORONTO, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Premier American Uranium Inc. (“PUR” or “Premier American Uranium” or the “Company”) (TSXV: PUR, OTCQB: PAUIF) is pleased to announce the filing of a technical report (the “Technical Report”) containing its Preliminary Economic Assessment (“PEA”) and updated Mineral Resource Estimate (“MRE”) for the Cebolleta Uranium Project (“Cebolleta” or the “Project”) in New Mexico. The PEA outlines the potential for a low-CAPEX, long-life uranium operation with strong baseline ...

Investment Rating - The report recommends a "Buy" rating for the industry, predicting that the industry index will outperform the Shanghai Composite Index by 10% or more during the specified period [6]. Core Insights - The company sold 240,000 pounds of U₃O₈ in Q3 2025, with an average spot price of approximately $74.66 per pound, leading to total revenue of $17.71 million, a 338% year-over-year increase [2][22]. - The company expects to achieve an annual U₃O₈ production of approximately 1 million pounds in 2025, with Q4 production expected to contribute significantly to this target [9][10]. - The average realized price for U₃O₈ in Q3 2025 was $72.38 per pound, with a gross margin of 26% [3][22]. - The company has a total uranium inventory of 2.125 million pounds as of September 30, 2025, which includes 485,000 pounds of finished U₃O₈ [4]. - The company anticipates a significant increase in cash profits due to lower mining costs and expects gross margins to continue to grow through 2026 [5][13]. Summary by Sections Uranium Business - **Production**: In Q3 2025, the company mined approximately 465,000 pounds of uranium ore, with a total uranium content of about 1.245 million pounds U₃O₈ as of September 30, 2025 [1]. - **Sales**: The company sold 240,000 pounds of U₃O₈ in Q3 2025, with a total revenue of $17.71 million [2][22]. - **Pricing**: The weighted average realized price was $72.38 per pound, with a gross margin of 26% [3]. - **Inventory**: The total uranium inventory was 2.125 million pounds, with an increase due to production from various mines [4]. - **Cost**: The average cost of finished U₃O₈ inventory was approximately $53 per pound, reflecting the company's efforts to improve production efficiency [7]. - **Guidance**: The company expects to mine between 5.5 million to 8 million tons of ore in 2025, containing approximately 875,000 to 1,435,000 pounds of U₃O₈ [8]. Rare Earth Business - **Heavy Rare Earth**: The company successfully produced 99.9% pure dysprosium oxide, exceeding commercial specifications [15]. - **Price Trends**: The price of praseodymium-neodymium (NdPr) increased by approximately 25% from June 30, 2025, to September 30, 2025 [17]. - **Project Development**: The company is advancing the Donald project, which is expected to produce approximately 7,200 tons of rare earth oxides annually [18]. Financial Performance - **Revenue Growth**: The company reported total revenues of $17.71 million in Q3 2025, a significant increase compared to the previous year [22]. - **Net Loss**: The net loss for Q3 2025 was $16.7 million, an improvement from the previous quarter [22]. - **Liquidity Position**: As of September 30, 2025, the company had $298.5 million in working capital, positioning it favorably for project advancement [24].

Core Insights - Vanguard Mining Corp. has received its Environmental License from the Ministry of Environment and Sustainable Development (MADES) for the Yuty Prometeo Uranium Project in Paraguay, marking a significant step in the regulatory process for exploration and development [1][2][3] Company Overview - Vanguard Mining Corp. is focused on the discovery and development of high-value strategic minerals, particularly uranium, in the United States and Paraguay [17] - The company aims to build a strong uranium portfolio in South America, leveraging modern exploration techniques in a historically prospective district [3] Project Details - The Yuty Prometeo Uranium Project encompasses approximately 90,000 hectares (222,395 acres) in the Paraná Basin, a region recognized for its uranium potential [8][10] - The project includes four concessions: three San Jose concessions and one Prometeo concession, with the Prometeo Concession directly adjacent to Uranium Energy Corp.'s Yuty Project, which has an indicated resource of 8.96 million pounds of U₃O₈ [8][11] - Historical drilling on the Prometeo block has shown uranium values ranging from 0.05% to 0.10% U₃O₈, indicating potential for further exploration [11] Regulatory Milestones - Securing the MADES prospection permit is a key milestone that de-risks the path toward full exploration and development authorization for the Yuty Prometeo Project [2][3] - The Paraguayan government is recognized for its political stability and investor-friendly regulatory environment, making it an attractive jurisdiction for mining companies [16] Exploration Activities - The company's technical advisors recently visited the Vice Ministry of Mines and Energy (VMME) core shed in Asunción to review core samples from the project, preparing for upcoming exploration activities [3]

Core Viewpoint - Premier American Uranium Inc. has released a Preliminary Economic Assessment (PEA) for the Cebolleta Uranium Project, indicating a potential for significant uranium production and strong economic returns, particularly with rising uranium prices [1][2][3] Economic Highlights - The base case mining concept shows an average production of 1.4 million pounds (Mlb) U₃O₈ annually, with a total output of 18.1 Mlb over a 13-year mine life [2][3] - The after-tax net present value (NPV) at an 8% discount rate is estimated at US$83.9 million, with a pre-tax NPV of US$106 million [2][3] - The after-tax internal rate of return (IRR) is projected at 17.7% [2] - Total pre-production costs are estimated at US$64.2 million for direct capital expenditures and US$19.3 million for indirect costs, with a contingency of US$29.2 million [2] - Life of Mine (LOM) after-tax free cash flow is projected at US$287 million, with operating cash flow of US$496 million [2] Mineral Resource Estimate (MRE) - The updated MRE indicates an increase in Indicated Mineral Resources by 1.7 Mlb eU3O8 (+9%) to 20.3 Mlb eU3O8 and an increase in Inferred Mineral Resources by 2.2 Mlb eU3O8 (+45%) to 7.0 Mlb eU3O8 [1][2][3] - Cebolleta is positioned as one of the largest undeveloped uranium deposits in the western United States [1][3] Sensitivity Analysis - The project shows strong leverage to uranium prices, with a sensitivity analysis indicating that an increase to US$100/lb U₃O₈ raises the after-tax NPV (8%) to US$154 million, and to US$125/lb U₃O₈ raises it to US$325 million [4][5] - A 12% increase in metallurgical recovery from 80% to 90% could increase the after-tax NPV (8%) by approximately 90% to US$159 million [5] Project Infrastructure and Processing - The project will utilize a heap leach strategy for uranium extraction, with a focus on low capital expenditures and operational costs [1][2][3] - The processing design anticipates an average head grade of 0.11% U₃O₈, with a nominal leach recovery assumed at 80% [20][22] - The project infrastructure includes a heap leach pad and a resin-in-column processing plant, designed to minimize environmental impact [26][27] Future Recommendations - The PEA recommends a multi-phase plan to further de-risk and refine project scope, including advanced metallurgical test work and additional drilling for confirmation [31] - The Technical Report detailing the PEA and MRE will be filed within 45 days of the announcement [32]

Investment Rating - The report gives a "Recommended" rating for the industry [4] Core Insights - In Q3 2025, the company produced a record 1,066,496 pounds of U₃O₈, reflecting a 7% increase quarter-on-quarter and a 67% increase year-on-year, with an average recovery rate of 86% [1][2] - The company sold 533,789 pounds of U₃O₈ in Q3 2025, a decrease of 25% quarter-on-quarter and 14% year-on-year, primarily due to shipment delays [1] - The average realized price for U₃O₈ in Q3 2025 was $67.4 per pound, up 21% from the previous quarter but down 4% year-on-year [1][2] - The company signed a new uranium sales agreement, bringing the total to 14 agreements with global clients in the US, Europe, and Asia [2] - The company received a prepayment of $29.7 million, which will be recognized in Q4 2025 [2] Production and Mining Activities - Mining activities remained active, with total mined volume reaching 5.27 million tons, a 63% increase from the previous quarter [3] - The company is focusing on waste removal in the G pit area to ensure increased ore production in the first half of 2026 [5] - The average ore feed grade was stable at 477 ppm U₃O₈, with the plant recovery rate at 86% [3][9] Financial Performance - The company completed a fully underwritten equity financing, raising approximately AUD 300 million, which will enhance balance sheet flexibility [6][7] - As of September 30, 2025, the company held $269.4 million in unrestricted cash and investments, an increase of $180.4 million from the previous quarter [7] - The unit production cost in Q3 2025 was $41.6 per pound, an 11% increase quarter-on-quarter but a 1% decrease year-on-year [2][9]

Financial Highlights - UEC has a strong balance sheet with $321 million in cash, inventory, and equities at market price as of July 31, 2025[15] - UEC reported $66.8 million in revenue[15] - UEC holds 1.4 million pounds of U₃O₈ in inventory valued at $96.6 million at market prices, excluding approximately 130,000 pounds of initial Wyoming production[15] - UEC anticipates expanding its U S warehoused inventory by another 300,000 pounds through December 2025 purchase contracts at $3705 /lb, in addition to uranium from operations[15] Operational Achievements - UEC produced approximately 130,000 pounds of precipitated uranium and dried and drummed U₃O₈ in Wyoming[10, 28] - The total cost per pound of U₃O₈ was $3641, including a cash cost per pound of $2763 and a non-cash cost per pound of $878, based on 26,421 pounds of dried and drummed U₃O₈ at the end of fiscal 2025[10, 30] - The Burke Hollow ISR project is 90% complete, targeting November 2025 completion, with 615 million lbs Measured and Indicated Resources, and 488 million lbs Inferred resources[10, 35] Resource Base and Growth - UEC has a total resource base of 2301 million lbs U3O8 as Measured & Indicated, 1000 million lbs U3O8 as Inferred, and 175 million lbs Historical[17] - UEC's acquisition of Rio Tinto's Sweetwater Complex adds 41 million pounds U3O8 per year of licensed production capacity and 175 million pounds of historic resources[10, 39] - The Roughrider project has a Post Tax NPV8 of $946 million, an IRR of 40%, and a payback of 14 years, with LOM avg production of 68 M lbs U3O8/yr[23, 44] Strategic Initiatives - UEC launched UR&C with the goal of becoming the only vertically integrated U S company with uranium mining, processing, and planned refining and conversion capabilities[10]

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. announced partial assay results from their joint venture Dorado Project, highlighting significant uranium grades from drill hole PG25-07A, which returned 2.1 metres grading 1.6% U₃O₈, including 0.4 metres at 8.1% U₃O₈ [1][2] Summary by Sections Assay Results - Drill hole PG25-07A reported 2.1 metres at 1.6% U₃O₈, with notable intervals including 0.4 metres at 8.1% U₃O₈ and an additional 4.9 metres at 0.52% U₃O₈, marking the most significant assay intervals from the Nova discovery zone [1][4] - The assay results reinforce the strength of the newly discovered system, providing a solid foundation for further exploration [2] Drilling Program Status - The summer drill program was curtailed due to regional wildfires, which limited helicopter access and created hazardous conditions, leading to the deferral of drilling at the nearby Celeste project [3] - A total of 5,030 metres were drilled across 11 holes before the program was cut short, with a planned total of 5,400 metres [5] Future Plans - Follow-up drilling programs are planned for early 2026, pending final assays and geological interpretations, focusing on expanding the Nova discovery and testing priority corridors across the Dorado Project [8] - The companies are awaiting full geochemical assays and structural interpretations to support detailed planning for future drilling [8] Project Overview - The Dorado Project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares in the Athabasca Basin, known for its favorable geology for uranium deposition [13] - Recent drilling has confirmed the continuity of fertile graphitic rock packages, indicating potential for additional high-grade discoveries in the region [14]

Industry Overview - A bull market for uranium is developing, with prices expected to reach $100 per pound by 2026, a level not seen since the mid-2000s [1][2] - Supply remains tight due to years of underinvestment in mining, while demand is increasing from China and new nuclear technologies [2][4] Demand Drivers - Demand from China is significant as the country expands its nuclear fleet, alongside the rise of small modular reactors (SMRs) [2][3] - SMRs could account for up to 20% of total uranium demand by 2040, indicating a structural shift in the market [3] - The current high costs of enrichment lead to increased use of raw uranium, creating additional buying pressure for U₃O₈ [4] Companies to Watch - Global Atomic Corporation is nearing uranium production at its Dasa Project in Niger, with a feasibility study projecting total production of 68.1 million pounds of U₃O₈ over 23.75 years [5] - Standard Uranium Ltd is advancing uranium targets in the Athabasca Basin and is starting a drill program at its Davidson River Project [6] - Cosa Resources is exploring underdeveloped uranium projects in the Athabasca Basin, focusing on drilling at the Murphy Lake North JV [7] - Pure Point Uranium is advancing its Athabasca Basin projects through joint ventures, with recent high-grade assay results from the Nova Discovery [8] - Fortune Bay Corp holds an optioned uranium portfolio in the Athabasca Basin, with drilling underway at The Woods Projects [9] - Baselode Energy Corp is advancing several uranium projects in the Athabasca Basin, including Hook and Aberdeen [10] - GoviEx Uranium Inc plans to change its name to Atomic Eagle and will focus on the Muntanga uranium project in Zambia [11] - Uranium American Resources Inc is acquiring uranium and vanadium assets in the western U.S., including the Marysvale asset [12] - Myriad Uranium holds a 75% interest in the Copper Mountain uranium project in Wyoming, which has known uranium deposits [13] - Mega Uranium is a diversified investment company focused on uranium assets, with a notable project in Australia [14]

Core Insights - IsoEnergy Ltd. and Purepoint Uranium Group Inc. have confirmed high-grade uranium mineralization at their joint venture Dorado project's Nova Discovery in Saskatchewan's Athabasca Basin [1][4][17] - Initial assay results from drill holes PG25-04 and PG25-05 show significant uranium grades, with PG25-05 returning 1.0 metre grading 2.2% U₃O₈, including 0.3 metres at 5.4% U₃O₈ [1][5][6] - The ongoing drilling program aims to further explore and extend the mineralized trend, with additional assays from PG25-07 expected soon [1][4][6] Summary by Sections Assay Results - PG25-04 returned 0.6 metres grading 1.0% U₃O₈, while PG25-05 returned 1.0 metre grading 2.2% U₃O₈, including a high-grade interval of 0.3 metres at 5.4% U₃O₈ [5][6] - PG25-07 is anticipated to provide further insights, having recorded the highest radioactivity readings to date [1][4][6] Drilling Program - The 2025 drill program focuses on the Q48, Q2, and Turaco target areas, with PG25-04 and PG25-05 being the initial drill holes [2][3][17] - Follow-up drilling is planned for winter to extend the mineralized trend northeast, leveraging frozen ground for access [6][18] Project Overview - The Dorado project is a 50/50 joint venture between IsoEnergy and Purepoint, covering over 98,000 hectares of uranium exploration ground [17][25] - The project includes several former properties known for their potential for uranium deposition, underlain by favorable geological structures [17][25] Industry Context - The Athabasca Basin is recognized as one of the world's most significant uranium districts, with ongoing exploration efforts aimed at discovering high-grade uranium deposits [26][27] - IsoEnergy is advancing its Larocque East project, which hosts the world's highest-grade indicated uranium mineral resource, positioning the company for potential near-term production [25]

Investment Rating - The report recommends a "Buy" rating for the industry, predicting that the industry index will outperform the Shanghai Composite Index by 10% or more during the specified period [6]. Core Insights - In Q2 2025, the company produced 993,843 pounds of U₃O₈, a 33% increase quarter-on-quarter, marking the highest quarterly production since the mine's restart [1]. - The average realized price for U₃O₈ in Q2 2025 was $55.6 per pound, a 20% decrease from the previous quarter, primarily due to the contract delivery mix and timing [2][7]. - The company signed an additional uranium sales agreement, bringing the total to 13 agreements with top global customers in the US, Europe, and Asia [2]. Production and Operational Summary - The total production for the fiscal year 2025 reached 3 million pounds of U₃O₈, with total sales amounting to 2,705,693 pounds [4]. - The average realized price for the fiscal year 2025 was $65.7 per pound [5]. - The unit production cost for Q2 2025 was $37.5 per pound, an 8% decrease quarter-on-quarter, benefiting from increased production levels [2][8]. Financial Performance - Capital expenditures for Q2 2025 were $4.9 million, a 32% decrease from the previous quarter [3][9]. - As of June 30, 2025, the company held $89 million in cash and cash equivalents, a decrease of $38.8 million from the previous quarter, mainly due to mining commencement and working capital changes [12]. - The company recorded a reversal of previous stockpile impairment of $8.7 per pound in Q2 2025, a 53% reduction from the previous quarter [2][10]. Mining Activities - Mining activities commenced in April 2025, utilizing two fleets of 100-ton dump trucks, with steady progress in drilling, blasting, and loading operations [11]. - The G2A pit became the primary source of newly mined ore, with infrastructure upgrades ensuring efficient ore transport to the processing plant [11].