Month: September 2021

T.DML Announces Decision to Advance Wheeler River to Feasibility Study Stage and Selection of Wood PLC as Independent Lead Author

By John Dyer   Posted in Equities
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Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce that the Wheeler River Joint Venture (“WRJV”) has approved the initiation of an independent Feasibility Study (“FS” or the “Study”) for the In-Situ Recovery (“ISR”) mining operation proposed for the Phoenix uranium deposit (“Phoenix” or the “Project”).  The Company is also pleased …

Uranium giant in talks to supply Sprott as investor demand soars

By SightlineU3O8   Posted in Inventory Management U
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Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …

Uranium prices have touched multi-year highs but the rally looks unsustainable into 2022, Morgan Stanley says

By SightlineU3O8   Posted in Equities U
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Uranium prices have climbed 60% in four weeks as an investment fund embarked on a buying spree. Morgan Stanley commodity strategists say it may be hard to maintain robust investment demand into 2022. The Sprott Physical Uranium Trust has purchased a massive 28 million pounds since mid-August. Uranium prices have shot up about 60% over …

T.DML Receives $20.45 Million From UEX To Settle Loan From JCU Transaction

By John Dyer   Posted in Equities
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Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce that UEX Corporation (“UEX”) has repaid the interest-free 90-day term loan provided to UEX by Denison in connection with UEX’s purchase of JCU (Canada) Exploration Company, Limited (“JCU”) (the “Term Loan”, see Denison news release from August 3, 2021). On the …

Bruce Power Announces $22 Million ‘Made In Ontario’ Contract

By SightlineU3O8   Posted in Nuclear Technology U
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Bruce Power says it’s advancing its ‘Made in Ontario’ economic recovery strategy with a $22 million contract. The nuclear operator announced Thursday (Sept 16) Candu Energy Inc., a member of the SNC Lavalin Group, has teamed up with BWXT Nuclear Energy Canada Inc. to provide 38 drive mechanisms for reactivity control units, to support the …

T.CCO and X-energy to Explore Collaboration to Support Xe-100 Small Modular Reactors

By SightlineU3O8   Posted in Equities
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SASKATOON, Saskatchewan, Sept. 16, 2021 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ) and X-energy have entered a non-binding and non-exclusive Memorandum of Understanding to explore possible areas of cooperation to support the potential future deployment, fuelling and servicing of Xe-100 small modular reactors (SMRs) in Canada and the United States. “We feel very confident about the …

T. EFR Establishes the San Juan County Clean Energy Foundation with Potential to Contribute Millions to Local Communities

By SightlineU3O8   Posted in Equities
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BLANDING, Utah, Sept. 16, 2021 /CNW/ – At its recent open house showcasing its uranium and rare earth businesses for local and national dignitaries and industry leaders, Energy Fuels Inc. (“Energy Fuels” or the “Company”) announced the establishment of the San Juan County Clean Energy Foundation, a fund specifically designed to contribute to the communities surrounding Energy …