PLS

Demand Booming as Global Uranium Mining Market Expected To Reach $11.3 Billion By 2030

Retrieved on: 
Wednesday, February 21, 2024

It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.

Key Points: 
  • It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.
  • The uranium mining market is estimated to be 53.0 thousand tons (kt) in 2023.
  • The report added: “Uranium mining is the extraction of uranium ore from the ground for use in nuclear power plants and the development of nuclear weapons.
  • Based on the mining method, the open-pit mining segment is the most common method of uranium mining, accounting for over 90% of global uranium production in 2022.

KBRA Assigns Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2024-GT1

Retrieved on: 
Thursday, February 29, 2024

KBRA assigns ratings of ‘BBB (sf)’ to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC’s (PLS) master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities.

Key Points: 
  • KBRA assigns ratings of ‘BBB (sf)’ to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC’s (PLS) master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities.
  • KBRA’s rating on the notes is primarily dependent upon the rating of Private National Mortgage Acceptance Company, LLC (PNMAC), as repurchase guarantor.
  • The notes are not a direct debt obligation of PLS or its affiliates; however, PNMAC’s guarantee of PLS’s obligations under the PC Repurchase Agreement creates a significant indirect dependency on PNMAC to make payments on the rated notes.
  • To access rating and relevant documents, click here.

Looq AI Launches AI-Enabled Digital Twin Platform at Distributech 2024; Secures $2.6M from Top VCs

Retrieved on: 
Tuesday, February 27, 2024

Powered by a novel and fundamental computer vision and AI technology, the Looq platform now enables the frequent, and large-scale digitization of critical infrastructure for true asset intelligence.

Key Points: 
  • Powered by a novel and fundamental computer vision and AI technology, the Looq platform now enables the frequent, and large-scale digitization of critical infrastructure for true asset intelligence.
  • Established in 2021, Looq AI is a hardware enabled AI company dedicated to advancing critical infrastructure digitization and diagnosis.
  • View the full release here: https://www.businesswire.com/news/home/20240227335776/en/
    Distribution pole capture with the Looq Q camera, the imaging component of the Looq platform.
  • Caption: Distribution pole capture with the Looq Q camera, the imaging component of the Looq platform.

KBRA Assigns Preliminary Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2024-GT1

Retrieved on: 
Friday, February 23, 2024

KBRA assigns ratings of ‘BBB (sf)’ to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC’s (PLS) master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities.

Key Points: 
  • KBRA assigns ratings of ‘BBB (sf)’ to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC’s (PLS) master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights (MSR) on loans underlying Ginnie Mae guaranteed mortgage backed securities.
  • KBRA’s rating on the notes is primarily dependent upon the rating of Private National Mortgage Acceptance Company, LLC (PNMAC), as repurchase guarantor.
  • The notes are not a direct debt obligation of PLS or its affiliates; however, PNMAC’s guarantee of PLS’s obligations under the PC Repurchase Agreement creates a significant indirect dependency on PNMAC to make payments on the rated notes.
  • To access rating and relevant documents, click here.

How Supply & Demand is Likely Driving the Uranium Market to Reach a 16-Year Peak This Year

Retrieved on: 
Wednesday, February 14, 2024

PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.

Key Points: 
  • PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.
  • Toronto-listed Cameco is expected to be the world's second largest uranium producer this year after Kazatomprom.
  • The objective of the 2024 program is the discovery of uranium mineralization associated with conductive electromagnetic (EM) anomalies.
  • “We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company.

Canada Rich in Uranium Resources Projected to Fuel Strong Growth for Mining Industry Over Next Five Years

Retrieved on: 
Tuesday, February 13, 2024

Overall industry revenue has climbed at a CAGR of 5.4% to an estimated $4.0 billion, while leading to growth in industry profit.

Key Points: 
  • Overall industry revenue has climbed at a CAGR of 5.4% to an estimated $4.0 billion, while leading to growth in industry profit.
  • The industry in Canada will continue to be primarily driven by fluctuations in the prices of its underlying commodities.
  • Declining prices for molybdenum and platinum will inhibit industry growth, but be partly offset by inclines/rises in the price of uranium.
  • The prices of three of the most prominent industry products, molybdenum, platinum and uranium have all grown since 2018.

Digital Twin Consortium Publishes Industry User Guide for Applying Reality Capture to Site Civil Projects

Retrieved on: 
Tuesday, February 13, 2024

BOSTON, MA, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Today, Digital Twin Consortium ® (DTC) published the Industry User Guide for Applying Reality Capture to Site Civil Projects , which is a supplement to the DTC whitepaper Reality Capture: A Digital Twin Foundation.

Key Points: 
  • BOSTON, MA, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Today, Digital Twin Consortium ® (DTC) published the Industry User Guide for Applying Reality Capture to Site Civil Projects , which is a supplement to the DTC whitepaper Reality Capture: A Digital Twin Foundation.
  • The new guide is a resource and practical companion industry stakeholders can use for guidance and insights when implementing reality capture for digital-twin-based on-site civil projects.
  • “Reality capture technology with digital twins enhances visualization to support decision making about site civil projects like buildings, roads, bridges, canals, dams, airports, sewage systems, and pipelines.”
    “By integrating reality capture data from a civil site into a digital twin, project stakeholders gain valuable insights, allowing for better resource allocation, scheduling, and connecting the physical world to the digital world,” said Michael LaFontaine, PLS, PMP, Deputy County Surveyor, Orange County, and one of the authors of the user guide.
  • The user guide includes the following information:

Medical Home Network CMO Dr. Henish Bhansali Selected as 2024 Presidential Leadership Scholar

Retrieved on: 
Thursday, February 8, 2024

CHICAGO, Feb. 8, 2024 /PRNewswire/ -- Dr. Henish Bhansali, Chief Medical Officer of Medical Home Network (MHN, a company transforming care in America's safety net), is one of 60 Scholars who will form the Presidential Leadership Scholars' (PLS) ninth class. For nearly a decade, PLS has served as a catalyst for a diverse network of leaders brought together to collaborate and create meaningful change in the United States and around the world as they learn about leadership through the lens of the presidential experiences of George W. Bush, William J. Clinton, George H.W. Bush, and Lyndon B. Johnson and their administrations.

Key Points: 
  • Joins a unique network of leaders making a difference in the world; will learn from the presidential leadership examples of George W. Bush, William J. Clinton, George H.W.
  • Bush, and Lyndon B. Johnson
    CHICAGO, Feb. 8, 2024 /PRNewswire/ -- Dr. Henish Bhansali, Chief Medical Officer of Medical Home Network (MHN, a company transforming care in America's safety net), is one of 60 Scholars who will form the Presidential Leadership Scholars' (PLS) ninth class.
  • The class was selected after a rigorous application and review process.
  • He joined MHN in 2023 from Duly Health and Care (formerly DuPage Medical Group), where he was Senior Vice President and Medical Director of Medicare Advantage.

Fission Announces $75 Million Bought Deal Financing

Retrieved on: 
Monday, February 5, 2024

The Offering is expected to close on or about February 12, 2024 (the "Closing Date") and is subject to the Company receiving all necessary regulatory approvals.

Key Points: 
  • The Offering is expected to close on or about February 12, 2024 (the "Closing Date") and is subject to the Company receiving all necessary regulatory approvals.
  • The Company intends to use the net proceeds from the Offering to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.
  • The Common Shares will be issued by way of a prospectus supplement that will be filed in all provinces and territories of Canada, other than Quebec, under the Company's base shelf prospectus dated December 12, 2023.
  • This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Nuclear Power Plant Construction Boom Fueling Billion Dollar Growth for Uranium Market

Retrieved on: 
Wednesday, January 31, 2024

The main types of uranium ore are granite-type uranium deposits, volcanic-type uranium deposits, sandstone-type uranium deposits, and carbonate-siliceous-pelitic rock-type uranium deposits.

Key Points: 
  • The main types of uranium ore are granite-type uranium deposits, volcanic-type uranium deposits, sandstone-type uranium deposits, and carbonate-siliceous-pelitic rock-type uranium deposits.
  • It will grow from $1.11 billion in 2023 to $1.21 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%.
  • The growth in the historic period can be attributed to the nuclear power plant construction boom, the cold war and military demand, the Chernobyl and three-mile island incidents, global economic trends, and changes in the regulatory environment.
  • Business Research concluded: “Rising nuclear fuel consumption is expected to propel the growth of the uranium ore market going forward.