T.NXE announces U$30mm financing with Queen’s Road Capital

NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce that it has entered into a binding agreement with Queen’s Road Capital Investment Ltd. (“QRC”) (TSXV: QRC) for a financing package totalling US$30 million, comprising: (a)  US$15 million of common shares of NexGen (the “Placement Shares“); and (b)  US$15 million aggregate principal amount of unsecured …

Uranium futures prices rise amid COVID-19

Uranium futures are one of the few contracts that has experienced price gains in recent weeks, as the economic impact of Covid-19 continues to weigh heavily on prices for most commodities. Front-month uranium futures settlement prices traded up to $32.50/pound in late April, compared with around $24/pound in early March, when most of the world’s advanced economies …

Egypt’s Nuclear Plant Project Continues Despite Virus Restrictions

The Egyptian nuclear project is underway, despite the restrictions imposed by the outbreak of the novel coronavirus and the Egyptian authorities’ decision to postpone the opening of major projects, including the new capital. In remarks to Asharq Al-Awsat, Grigory Sosnin, the director of the Dabaa nuclear project, said that the company “has taken a set …

Looking for a Glowing Commodity? Try Uranium

Uranium is having a moment in 2020, climbing a third in six weeks while much of the commodities universe melts down. Years of poor economics and weak investment, combined with the impact of pandemic-related mine closures, are adding up to a supply squeeze, despite demand softened by industrial lockdowns. There will be no swift return to lofty levels last seen over a decade ago, but …

V.PTU: HOOK LAKE JV 2020 EXPLORATION PROGRAM UPDATE

Purepoint Uranium Group Inc. (TSXV: PTU) (“Purepoint” or the “Company”) today provided an update of this winter’s exploration program at the Hook Lake Project, a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%), and Purepoint (21%) in the Patterson Uranium District, Saskatchewan, Canada. The Hook Lake Project lies on the southwestern edge of …

T.EFR Enters into Agreement to Acquire Prompt Fission Neutron (PFN) Borehole Logging Technology and Equipment; Securing Control over this Critical Technology for U.S. ISR Uranium Production

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels”), the leading producer of uranium in the United States, is pleased to announce that it has entered into an agreement to acquire from GeoInstruments Logging LLC (“GIL”) all of its Prompt Fission Neutron (“PFN”) technology and equipment, including all of its related intellectual property, which will …

V.ISO stakes the Evergreen Property and Extensions to three other uranium exploration properties

IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to announce the acquisition of over 46,000ha of new uranium exploration claims divided amongst four properties in the prolific Eastern Athabasca Basin of Saskatchewan (Figure 1). The highlight is the 31,800ha Evergreen property located along the southeast rim of the Athabasca Basin, just …

Why Uranium Markets Are Gaining Interest

Uranium futures is one of the few contracts that has experienced price gains in recent weeks, as the economic impact of COVID-19 continues to weigh heavily on prices for most commodities. Front-month uranium futures settlement prices have traded up to $32.50/pound in late April, compared with around $24/pound in early March, when most of the world’s advanced …