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VanadiumCorp Closes First Tranche of Financing
Thenewswire· 2025-07-11 21:10
Vancouver, BC – TheNewswire – July 11, 2025 – VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") further to its June 10, 2025 news release, the Company announces that it has received conditional approval from the TSX Venture Exchange (the “Exchange”) for its non-brokered private placement of up to $500,000 (the “Financing”). The Financing consists of up to 4,545,455 $0.11 units (“Units”), each Unit consisting of one common share of the Company and one comm ...
5.5 Million Shares Issued on Closing of Option for Saskatchewan Mineral Claims
Newsfile· 2025-07-04 10:00
Core Viewpoint - Live Energy Minerals Corp. has successfully closed an option agreement with a purchaser for mineral claims in Saskatchewan, which includes the issuance of common shares and a cash payment requirement [1][2]. Group 1: Option Agreement Details - The option agreement allows the purchaser to acquire a 100% undivided interest in two mineral claims totaling approximately 5,355 hectares in Saskatchewan [2]. - The purchaser issued 5,500,000 common shares as part of the consideration and is required to pay $50,000 in cash within three years of the agreement's effective date [2]. - The company has granted the purchaser the right to buy a 3% net smelter return royalty by issuing an additional 5,500,000 shares to a third-party royalty holder, subject to regulatory acceptance [3]. Group 2: Regulatory and Compliance Information - The consideration shares are subject to a statutory four-month hold period under Canadian Securities Laws, and no finder's fees were paid for this arm's length agreement [4]. - A copy of the option agreement has been filed under the company's profile on SEDAR+ [4]. Group 3: Company Overview - Live Energy Minerals Corp. is focused on exploring clean energy minerals in North and South America, holding interests in uranium, vanadium, and molybdenum projects in the USA [5]. - The company aims to create shareholder value through quality projects and proven exploration strategies [5].
Western Uranium & Vanadium Announces Results of AGM and Appoints New Transfer Agent
Globenewswire· 2025-07-01 00:30
Core Viewpoint - Western Uranium & Vanadium Corp. held its Annual General and Special Meeting on June 27, 2025, where shareholders approved all proposed matters, including the re-election of directors and the appointment of a new transfer agent [1][2]. Group 1: Meeting Outcomes - Proxy votes were cast for common shares representing approximately 51% of the issued and outstanding shares as of the record date for the Meeting [2]. - Shareholders re-elected all directors proposed by management: George Glasier, Bryan Murphy, Andrew Wilder, and Michael Skutezky [3]. - MNP LLP was re-appointed as the auditor for the ensuing year, with the board authorized to fix the remuneration of the auditors [4]. Group 2: Management and Committee Appointments - Following the Meeting, management re-appointments were confirmed for George Glasier as President and CEO, Robert Klein as CFO, Michael Rutter as COO, and Denis Frawley as Corporate Secretary [5]. - The newly-elected Board re-appointed Bryan Murphy as Chairman of the Board, Andrew Wilder as Chairman of the Audit Committee, and Michael Skutezky as Chairman of the Governance, Nominating and Compensation Committee, with each committee comprising three independent directors [6]. Group 3: Transfer Agent Appointment - Western Uranium announced the appointment of Odyssey Trust Company as the new registrar and transfer agent, replacing Capital Transfer Agency ULC, with no change to the CUSIP number of the common shares [7]. - Odyssey also replaced CTA as rights agent under the shareholder rights plan agreement dated May 24, 2023, and shareholders need not take action regarding this change [8]. Group 4: Company Overview - Western Uranium & Vanadium Corp. is increasing high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah, and is developing the Mustang Mineral Processing Site for mined material recovery [9].
Energy Fuels' Donald Rare Earth and Mineral Sand Joint Venture in Australia Receives Final Major Regulatory Approvals
Prnewswire· 2025-06-25 23:54
Core Viewpoint - The Donald Project, a joint venture between Energy Fuels and Astron Corporation, is recognized as a significant near-term source of rare earth minerals, with plans for processing at Energy Fuels' White Mesa Mill in Utah [1][2][11]. Project Approval and Financing - The Government of Victoria, Australia has approved the Work Plan for the Donald Project, marking the final major regulatory approval needed for construction and operation [2][3]. - This approval allows for the finalization of financing arrangements before a final investment decision (FID) can be made [3]. Joint Venture Details - Energy Fuels has the right to invest a total of AU$183 million (approximately US$119 million) and issue US$17.5 million in common shares to earn up to a 49% interest in the Donald Project [4]. - The project is expected to provide a low-cost, long-term supply of rare earth mineral concentrate, which will be processed into high-purity separated rare earth elements (REEs) at the White Mesa Mill [4][5]. Production Capacity and Phases - Phase 1 of the Donald Project is anticipated to supply approximately 7,000 to 8,000 metric tons of rare earth mineral concentrate per year, starting as early as 2026 [6]. - This phase is expected to yield around 4,700 tonnes of total rare earth oxides (TREO), including 990 tonnes of separated neodymium-praseodymium (NdPr) [6]. - Following Phase 1, a Phase 2 expansion is planned, which could increase production to approximately 13,000 to 14,000 tonnes per year of rare earth mineral concentrate [7]. Processing and Market Potential - The White Mesa Mill is equipped to process the Phase 1 quantities of rare earth mineral concentrate into separated NdPr and other REEs [6][8]. - The Donald Project's output could fulfill about 22% to 23% of the planned capacity of the Phase 2 Mill Expansion [8]. Strategic Importance - The Donald Project is viewed as a critical link between the U.S. and Australia for rare earths and critical minerals, essential for various commercial and defense technologies [5][11]. - The project is expected to provide a significant and consistent source of REE feedstock for Energy Fuels for decades [7].
UUUU vs. NXE: Which Uranium Stock is the Better Pick Now?
ZACKS· 2025-06-25 15:41
Core Insights - Energy Fuels Inc. (UUUU) and NexGen Energy (NXE) are positioned to benefit from the global shift towards nuclear energy as a clean power source [1] Group 1: Company Overview - Energy Fuels has a market capitalization of $1.28 billion and is a leading U.S. producer of natural uranium concentrate [2] - NexGen Energy, valued at $3.86 billion, is an exploration and development stage company focused on uranium properties in Canada [2] Group 2: Market Dynamics - Uranium prices have rebounded after earlier declines due to oversupply and uncertain demand, driven by Sprott Physical Uranium Trust's plan to purchase $200 million worth of uranium and U.S. government initiatives to increase nuclear energy capacity by 2050 [3] - Rising energy needs from AI data centers are also contributing to long-term demand expectations for uranium [3] Group 3: Energy Fuels Analysis - Energy Fuels has produced two-thirds of all uranium in the U.S. since 2017 and aims to produce 6 million pounds of uranium annually [5] - The company owns the White Mesa Mill, the only operating conventional uranium mill in the U.S., and is also processing rare earth elements and vanadium oxide [6] - Energy Fuels reported a 33.5% year-over-year revenue decline to $16.9 million in Q1 2025, primarily due to deferred uranium sales [8] - The company expects to mine 55,000-80,000 tons of ore containing 875,000-1,435,000 pounds of uranium in 2025, a 22% increase from previous guidance [10] Group 4: NexGen Energy Analysis - NexGen Energy's Rook I project could triple Canada's uranium output, delivering up to 30 million pounds of high-grade uranium annually at a low cost [15] - The Arrow Deposit within the Rook I Project has significant measured and indicated resources totaling 257 million pounds of uranium [16] - NexGen has secured contracts to supply 1 million pounds of uranium annually from 2029 to 2033, providing financial stability [17] - In Q1 2025, NexGen reported an adjusted loss of four cents per share, reflecting ongoing operational costs [18] Group 5: Financial Estimates - The Zacks Consensus Estimate for Energy Fuels' 2025 earnings is a loss of 28 cents per share, with a projected revenue surge of 232.4% in 2026 [20] - NexGen Energy's 2025 earnings estimate is a loss of 13 cents per share, with no expected improvement in 2026 [21] Group 6: Price Performance and Valuation - Over the past year, UUUU shares have decreased by 3.4%, while NXE shares have dipped by 1.2% [24] - Energy Fuels is trading at a forward price-to-book multiple of 2.07X, while NexGen's multiple is at 5.02X [25] Group 7: Conclusion - Both companies are positioned to support the expansion of nuclear energy, with Energy Fuels diversifying into rare earth elements and NexGen focusing on a high-grade asset with strong margin potential [27][28]
Energy Fuels (UUUU) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-06-23 22:46
Energy Fuels (UUUU) ended the recent trading session at $5.50, demonstrating a +1.66% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.96%. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%. The uranium and vanadium miner and developer's shares have seen an increase of 0.19% over the last month, not keeping up with the Basic Materials sector's gain of 0.57% and the S&P 500's gain of 0.5%.Analysts and investors alike wi ...
Western Uranium & Vanadium Closes Bought Deal Financing of CAD $5 Million
Globenewswire· 2025-06-13 20:30
Core Viewpoint - Western Uranium & Vanadium Corp. has successfully closed a bought deal private placement financing, raising approximately CAD $5,025,018 through the issuance of 5,911,786 units at CAD $0.85 per unit, each consisting of one common share and one warrant [1][2]. Group 1: Financing Details - The offering consisted of 5,911,786 units, with each unit priced at CAD $0.85, resulting in total gross proceeds of approximately CAD $5,025,018 [1]. - Each warrant is exercisable for one common share at a price of CAD $1.05 for a period of four years from issuance [1]. - The offering was conducted under exemptions from the registration requirements of the U.S. Securities Act and applicable Canadian securities laws, with no units issued to investors in Canada [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding production capabilities and mining at the Sunday Mine Complex, developing minerals processing facilities, and acquiring uranium/vanadium properties near existing production centers [2]. Group 3: Related Party Transactions - The CEO and President of Western, George Glasier, subscribed for 117,647 units in the offering, which is classified as a related-party transaction [4]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the size of Glasier's participation [4]. Group 4: Underwriting and Fees - Western entered into an underwriting agreement with A.G.P. Canada Investment ULC, which acted as the sole underwriter and bookrunner [5]. - The underwriter received a cash commission of 7% on the aggregate proceeds and 206,913 broker warrants, subject to a four-month hold [5]. Group 5: Company Overview - Western Uranium & Vanadium Corp. is focused on ramping up high-grade uranium and vanadium production at its Sunday Mine Complex, with additional projects in Colorado and Utah [8].
Western Uranium & Vanadium Announces CAD $5,000,000 Bought Deal Financing
Globenewswire· 2025-06-10 13:00
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES Toronto, Ontario and Nucla, Colorado, June 10, 2025 (GLOBE NEWSWIRE) -- Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (“Western” or the ”Company”) is pleased to announce that it plans to enter into an agreement with A.G.P. Canada Investments ULC ("A.G.P. Canada") to act as sole underwriter and bookrunner for the Company in connection with a bought deal private placement financing of 5,882,374 units (each, a ...
FireFly Metals Ltd Announces C$25.8 (~A$28.8) Million Canadian Bought Deal Financing and C$41.2 (~A$46.0) Million Australian Equity Raise
Globenewswire· 2025-06-04 20:18
Not for distribution to U.S. news wire services or dissemination in the United States. PERTH, Australia, June 04, 2025 (GLOBE NEWSWIRE) -- FireFly Metals Ltd (ASX: FFM, TSX: FFM) (the “Company” or “FireFly”) has announced today that it has entered into an agreement with BMO Capital Markets, pursuant to which BMO Capital Markets has agreed to purchase, on a bought deal basis, 30,000,000 ordinary shares of the Company (the “Ordinary Shares”) at a price of C$0.86 (A$0.96) per Ordinary Share for gross proceeds ...
ATI(ATI) - 2025 FY - Earnings Call Transcript
2025-05-29 16:00
Financial Data and Key Metrics Changes - The company reported a strong first quarter with EBITDA exceeding the midpoint by $20 million, achieving a margin of 22.4% [77][89] - The company anticipates margin expansion opportunities, targeting 24% for the year and aiming for 30% in the HPMC segment [89] Business Line Data and Key Metrics Changes - Aerospace and Defense (A&D) now accounts for approximately 65% of total revenue, with energy, medical, and electronics contributing to about 80% [3][25] - Jet engines represent about 37% of revenues, with sales up 35% in Q1, and the aftermarket is expected to remain between 30% to 50% of jet engine revenues [5][21] Market Data and Key Metrics Changes - The company is experiencing strong demand across various markets, including aerospace, defense, and energy, with significant growth opportunities identified [25][26] - The company has secured a new five-year contract worth $1 billion with Airbus, bringing it to parity with Boeing [20][41] Company Strategy and Development Direction - The company has exited low-margin and commodity businesses, focusing on advanced materials and forgings to support growth in aerospace and defense [2][4] - The company is investing in new technologies, including a patent-pending nickel melting process aimed at eliminating defects, which will enhance its competitive position [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory in aerospace and defense, citing strong demand and the potential for continued growth in MRO activities [18][21] - The company is well-positioned to meet future demand, with plans to increase capacity and improve productivity [8][25] Other Important Information - The company is one of only two suppliers for certain advanced materials, which provides a competitive advantage in the market [25][60] - The company has established long-term agreements with customers that extend to 2040, allowing for flexibility in pricing and material fluctuations [55][58] Q&A Session Summary Question: How do you see the year unfolding in Q2 and beyond? - Management anticipates continued strong performance in Q2, with evaluations for full-year guidance to occur after the second quarter [78][84] Question: What is the impact of tariffs on the business? - The tariff impact is minimal from a cost standpoint, with effective pass-through mechanisms in place [81][84] Question: What are the capital investment priorities for the next few years? - The company is focusing on titanium and nickel investments, as well as increasing production capacity for zirconium and hafnium [95][96] Question: How does the company plan for capacity needs in the long term? - The company engages in discussions with customers to align capital investments with anticipated demand, typically planning for a five-year horizon [66][70]