Uranium

Terra Balcanica Executes Letter of Intent For Option Agreement To Acquire 100% Interest In Advanced Saskatchewan Uranium Portfolio

Retrieved on: 
Wednesday, April 3, 2024
Uranium, Fulcrum, Agreement, Terra, Letter, Option, FRA, News, Acquisition, NSR, National instrument, Mean reversion (finance), MBA, CFA, Legislation, Contract management, AIM, Map

Pursuant to the Agreement, Terra will have an option (the “Option Agreement”) to acquire a 100% interest in Fulcrum’s Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton uranium licences (the “Licences”) located in northern Saskatchewan, Canada and collectively encompassing 596.71 km2 of highly prospective ground for a uranium discovery.

Key Points: 
  • Pursuant to the Agreement, Terra will have an option (the “Option Agreement”) to acquire a 100% interest in Fulcrum’s Charlot-Neely, Fontaine Lake, Snowbird and South Pendleton uranium licences (the “Licences”) located in northern Saskatchewan, Canada and collectively encompassing 596.71 km2 of highly prospective ground for a uranium discovery.
  • Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “In our pursuit of high-quality assets worldwide, Terra Balcanica has secured an option to acquire a Canadian uranium portfolio covering close to 600 km2 with tremendous potential for discovery.
  • In a world transitioning to green energy solutions, the acquisition of these assets provides a more robust and diverse exploration portfolio for Terra.
  • On closing of the transaction, Terra will have a four-year option to acquire 100% of Fulcrum’s owned uranium licences.

Stallion Uranium Drilling Intersects Anomalous Radioactivity

Retrieved on: 
Tuesday, April 2, 2024
SRC, La Loche, QA/QC, CPS, TDEM, National Instrument 43-101, Coffer, Blue square, Uranium, Boron, Appaloosa, ICP-OES, Radioactive decay, HF, ICP-MS, HNO3, National instrument, Standards Council of Canada, Fracture, Green Square, BGO, Clay, Athabasca Basin

The survey data when compiled and modeled with all available historical data showed the key characteristics for potential uranium mineralization.

Key Points: 
  • The survey data when compiled and modeled with all available historical data showed the key characteristics for potential uranium mineralization.
  • To best refine drill targets Stallion utilized the latest technology to complete an advanced ground TDEM survey over the target area.
  • Stallion Uranium requests multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO3:HClO4) and partial digestion (HNO3:HCl), boron by fusion.
  • The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan.

Sprott Announces Expense Ratio Reduction for Sprott Uranium Miners ETF (NYSE Arca: URNM)

Retrieved on: 
Monday, April 1, 2024
Lithium, Uranium, ETF, Publishing, SII, Mining, Sprot, Cryptocurrency

TORONTO, April 01, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management USA (“Sprott”), a wholly-owned subsidiary of Sprott Inc. (NYSE/TSX: SII), today announced that it will be charging a unitary fee of 75 basis points for Sprott Uranium Miners ETF effective 4/1/2024.

Key Points: 
  • TORONTO, April 01, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management USA (“Sprott”), a wholly-owned subsidiary of Sprott Inc. (NYSE/TSX: SII), today announced that it will be charging a unitary fee of 75 basis points for Sprott Uranium Miners ETF effective 4/1/2024.
  • Sprott Uranium Miners ETF (NYSE Arca: URNM) is the only1 pure-play2 U.S.-listed uranium ETF focused on uranium miners and physical uranium that seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX).
  • Sprott had approximately US$28.7 billion in assets under management (as of 12/31/2023), with nearly $8 billion invested in uranium and uranium equities.
  • Seeks to invest at least 80% of its total assets in securities of the North Shore Global Uranium Mining Index (URNMX).

Stallion Uranium Strengthens Board with Technical Expertise

Retrieved on: 
Thursday, March 28, 2024
Kraken, Uranium, Rough Riders, Hathor Exploration, SVP, Sale, Stallion, Senior advisor, Rio Tinto, STUD, Audit committee, Mining, Uranium mining

“We are privileged to have the technical expertise and experience of Matthew Schwab joining Stallion’s Board of Directors.

Key Points: 
  • “We are privileged to have the technical expertise and experience of Matthew Schwab joining Stallion’s Board of Directors.
  • As Stallion continues to advance exploration across its land package, Mr. Schwab’s experience will further bolster the strength of Stallion’s team as we work to make the next significant uranium discovery,” commented Drew Zimmerman, CEO of Stallion Uranium.
  • Mr. Schwab is currently the CEO of Kraken Energy Corp, a US focused uranium exploration and development company.
  • “I’m honoured by the opportunity to join the Board of Directors at Stallion and believe my technical background will further bolster a strong team as we work toward a significant uranium discovery.”
    The company would like to thank Terry Wells for his commitment and service to the Stallion Board and Audit Committee over the past few years.

Greenridge Exploration Announces Appointment of Sean Hillacre to its Advisory Team

Retrieved on: 
Thursday, March 28, 2024
Option, Uranium, Exercise, Knowledge, GXP, University, Arrow, CDN, Oil

VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce Sean Hillacre has joined Greenridge’s advisory team effective March 22, 2024.

Key Points: 
  • VANCOUVER, British Columbia, March 28, 2024 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3), is pleased to announce Sean Hillacre has joined Greenridge’s advisory team effective March 22, 2024.
  • Mr. Hillacre’s extensive experience and background will provide invaluable guidance for the planning and execution of exploration programs at the Company's Nut Lake Project.
  • Sean Hillacre, Advisor to the Company, commented, “I am thrilled to be joining the Greenridge team as an advisor, as the Company’s Nut Lake Project has significant potential for uranium discovery.
  • Russell Starr, Chief Executive Officer of the Company, commented, “We are excited to welcome Mr. Hillacre, whose extensive experience in the Uranium industry, particularly in the globally recognized Athabasca Basin region, brings invaluable expertise to our advisory team.

ATHA Energy Announces 92 Energy Obtains Court Approval

Retrieved on: 
Wednesday, March 27, 2024
Uranium, Federal court, ASX, FRA, News, Acquisition, Scheme, Investment, GMZ, Athabasca

VANCOUVER, British Columbia, March 27, 2024 (GLOBE NEWSWIRE) -- ATHA Energy Corp. (TSXV: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA”) is pleased to announce that the Federal Court of Australia (the “Court”) has made orders approving the previously announced Australian scheme (the “Scheme”) involving ATHA and 92 Energy Limited (ASX: 92E) (“92 Energy”).

Key Points: 
  • VANCOUVER, British Columbia, March 27, 2024 (GLOBE NEWSWIRE) -- ATHA Energy Corp. (TSXV: SASK) (FRA: X5U) (OTCQB: SASKF) (“ATHA”) is pleased to announce that the Federal Court of Australia (the “Court”) has made orders approving the previously announced Australian scheme (the “Scheme”) involving ATHA and 92 Energy Limited (ASX: 92E) (“92 Energy”).
  • The Scheme was previously announced in the news releases of ATHA dated December 7, 2023, and January 25, 2024.
  • The Managing Director of 92 Energy, Siobhan Lancaster, said: “The merger with ATHA begins a new chapter of opportunity for 92 Energy shareholders.
  • 92 Energy has enjoyed significant exploration success since listing, culminating in its discovery of the GMZ, and I would like to thank the 92 Energy board, management, shareholders and advisors for their invaluable support and contributions.”
    Troy Boisjoli, Chief Executive Officer of ATHA, comments, “We are thrilled with the overwhelming level of support from 92 Energy’s shareholders in the previously announced vote to approve the transaction.

Mega Uranium Announces Results of Annual Shareholder Meeting

Retrieved on: 
Tuesday, March 26, 2024
University, Uranium, Thunderbird Entertainment, Ernst & Young, Entrepreneurship, General counsel, Tulane University Law School, Knowledge, Chairperson, Toronto International Film Festival, Cerebral palsy, Mining, CPA

At the meeting, shareholders also appointed Ernst & Young LLP as the company’s auditors, to hold office until the next annual meeting.

Key Points: 
  • At the meeting, shareholders also appointed Ernst & Young LLP as the company’s auditors, to hold office until the next annual meeting.
  • Complete voting results of the meeting are available under the company’s profile on sedar.com.
  • She currently serves on the boards and audit committees (including as Chair) of junior mining companies engaged in uranium and gold exploration.
  • Since 2014, she has dedicated her time to a grass roots charity she created which provides financial assistance to families with children with cerebral palsy.

Tiny crystals capture millions of years of mountain range history – a geologist excavates the Himalayas with a microscope

Retrieved on: 
Tuesday, April 9, 2024
Element, Mineral, Uranium, Thorium, Pressure, Research, Analyser, Chemistry, Parent, History, Movement, Rare-earth element

You might think understanding big mountain ranges requires big measurements – perhaps satellite imaging over tens or hundreds of thousands of square miles.

Key Points: 
  • You might think understanding big mountain ranges requires big measurements – perhaps satellite imaging over tens or hundreds of thousands of square miles.
  • Although scientists certainly use satellite data, many of us, including me, study the biggest of mountain ranges by relying on the smallest of measurements in tiny minerals that grew as the mountain range formed.
  • By linking the chemistry of different zones within a mineral to events in the history of a mountain range, researchers can infer how the mountain range was assembled and how quickly.
  • By studying rocks in other locations, we can chart the movement of these thrusts and better understand the origins of the Himalayas.

LIS Technologies Inc. Announces Oversubscribed $1.3 Million Seed Funding Round Led by Advanced Nuclear Technology Investors to Fund the Rebirth of the Only USA-Origin Patented Laser Uranium Enrichment Technology in the World

Retrieved on: 
Monday, March 25, 2024
Uranium, Nuclear, Isotope, Oak Ridge National Laboratory, Growth, Argonne National Laboratory, Patent, White, Regulatory affairs, Indefinite, Research, University, IDIQ, MBA, Doctor of Philosophy, LIS, Chief Scientific Adviser, HALEU, Government, Fiscal, LEU

This unique laser-based method enhances energy efficiency and can be implemented at highly competitive capital and operational expenses.

Key Points: 
  • This unique laser-based method enhances energy efficiency and can be implemented at highly competitive capital and operational expenses.
  • Ambassador to Russia and distinguished research and development staff member in the Nuclear Security and Isotope Technology Division at Oak Ridge National Laboratory.
  • In late October, the White House requested $2.2 billion for domestic uranium enrichment capabilities.
  • In March, the Fiscal Year 2024 Energy and Water Development Appropriations Act passed , allocated $1.685 billion towards nuclear energy research and development.

Global Uranium Mining Output Expected To Rise 11.7% in 2024 Due To Kazakh and Canadian Growth

Retrieved on: 
Thursday, March 21, 2024
UEC, Uranium, Appaloosa, OTCQX, Artemis program, PALM, ISR, Stallion, Energy, STUD, Technical report, OTCQB, Rough Riders, ASX, News, Beaverlodge, Update, Scheme, GTS, Probability, GMZ, Uranium mining

A report in Mining Technology said that the Global uranium production is expected to grow by 11.7% to more than 60.3 megatonnes (Mt) in 2024.

Key Points: 
  • A report in Mining Technology said that the Global uranium production is expected to grow by 11.7% to more than 60.3 megatonnes (Mt) in 2024.
  • Kazakhstan is expected to deliver the highest uranium production growth in 2024, driven by the planned higher output from the country’s largest uranium producer, Kazatomprom .
  • The report added: “Uranium output to rise 11.7% in 2024 due to Kazakh and Canadian growth… and production will be bolstered by the ramp-up of Canada’s McArthur River mine.
  • Mining Technology continued: “Meanwhile, global uranium production in 2024 will be further bolstered by continuous ramp-up of Canada’s McArthur River, which is aiming to produce 6.9kt of uranium (8.2kt of U3O8) for 2024.