In 2022 Uranium Price Projected To Reach Multi-Year Highs, As Nuclear Interests May Be Back On The Table
Comunicato Precedente
Comunicato Successivo
BASIN URANIUM CORP. (CSE: NCLR.CN) (OTCPK: BURCF) BREAKING NEWS: BASIN URANIUM COMMENCES CAMP CONSTRUCTION AT MANN LAKE – BASIN URANIUM CORP. ("Basin Uranium" or the "Company") is pleased to announce it has mobilized to site with initial preparations for camp construction ahead of a comprehensive geophysical and diamond drill program at its Mann Lake uranium project in Saskatchewan's prolific Athabasca Basin. The Mann Lake project is located 25km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.
"We have mobilized to site begin construction of the exploration camps and associated infrastructure which will support the upcoming geophysical and diamond drill program, both of which are anticipated to commence next month." commented Mike Blady, CEO of Basin Uranium. "Updates will be provided on the timing of the commencement of the exploration programs in the coming weeks." CONTINUED… Read the BASIN URANIUM full press release by going to: https://basinuranium.ca/news/
In other news and developments of note in the markets this week:
Fission Uranium Corp. (OTCQX: FCUUF) (TSX: FCU) recently announced that the company will be presenting at Red Cloud's 2022 Very Pre-PDAC Mining Showcase. We invite our shareholders and all interested parties to join us there. The annual conference will be a virtual event this year and will take place from March 2-4, 2022. Ross McElroy, President & CEO will be presenting on March 2nd at 2:40 pm Eastern Standard time. For more information and/or to register for the conference please visit: https://redcouldfs.com/prepdac2022/.
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property - host to the class-leading Triple R uranium deposit - and is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."
Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) recently announced that it has published its unaudited interim consolidated financial statements for the three and nine months ended January 31, 2022, which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. As at January 31, 2022, the Company had approximately C$113 million in cash, marketable securities and physical uranium holdings.
Physical uranium holdings at January 31, 2022 were 1,348,068 pounds U3O8, which were acquired by URC at a weighted average cost of US$39.80 per pound. Based on the most recent daily spot price published by TradeTech LLC of US$54.50, the net realizable value of such holdings has increased by approximately C$27 millionsince the balance sheet date. The Company also recorded an increase in the fair value of its equity interests in Yellow Cake plc of approximately C$8 million during the nine months ended January 31, 2022.
Ur-Energy Inc. (NYSE American: URG) (TSX: URE) recently announced that it has filed S-K 1300 Initial Assessment Technical Report Summaries for its Lost Creek Property and Shirley Basin Project. The reports are filed as exhibits to the Company's Annual Report on Form 10-K, filed March 9, 2022, with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.shtml. Both reports were prepared by Qualified Person, Western Water Consultants, Inc., d/b/a WWC Engineering ("WWC").
John Cash, Ur-Energy CEO, noted, "We are very pleased that WWC has confirmed the ongoing viability of the operating Lost Creek Project and Property. We are also proud to report that the Shirley Basin Project continues to show excellent potential as our second operating project. With these two properties, we stand ready to quickly ramp-up and supply a domestically produced, clean energy solution to our customers and America's communities."
Cameco (NYSE: CCJ) (TSX: CCO) announced it will issue its first quarter results before markets open on Thursday, May 5, 2022. Cameco invites investors and the media to join its first quarter conference call with the company's senior executives on Thursday, May 5, 2022 at 8:00 a.m. Eastern. Cameco will discuss trends in the market and the execution of its strategy before opening the call to questions from investors and the media.
To join the call, please dial 800-319-4610 (Canada and US toll-free) or 604-638-5340. An operator will put your call through. The slides and a live webcast of the conference call will be available from a link at cameco.com.
A recorded version of the proceedings will be available on our website shortly after the call, and on post view until midnight, Eastern, June 5, 2022, by calling 800-319-6413 (Canada and US toll-free) or 604-638-9010 (Passcode 8606).
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty five hundred dollars for news coverage of current press release issued by BASIN URANIUM CORP. by a non-affiliated third party.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Contact Information:
Media Contact email: [email protected] - +1(561)325-8757
![](https://rt.prnewswire.com/rt.gif?NewsItemId=EN00919&Transmission_Id=202203230845PR_NEWS_EURO_ND__EN00919&DateId=20220323)