Uranium – ABWR http://abwr.org/ Sat, 18 Sep 2021 15:53:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://abwr.org/wp-content/uploads/2021/05/default-150x150.png Uranium – ABWR http://abwr.org/ 32 32 Photos Show North Korea Expands Uranium Plant | Canberra weather https://abwr.org/photos-show-north-korea-expands-uranium-plant-canberra-weather/ https://abwr.org/photos-show-north-korea-expands-uranium-plant-canberra-weather/#respond Sat, 18 Sep 2021 08:58:42 +0000 https://abwr.org/photos-show-north-korea-expands-uranium-plant-canberra-weather/ news, latest news Recent satellite images show that North Korea is expanding a uranium enrichment plant at its main nuclear complex in Yongbyon, a sign that it intends to increase production of bomb materials, experts say. The assessment comes after North Korea recently conducted its first missile tests in six months as part of a […]]]>

news, latest news

Recent satellite images show that North Korea is expanding a uranium enrichment plant at its main nuclear complex in Yongbyon, a sign that it intends to increase production of bomb materials, experts say. The assessment comes after North Korea recently conducted its first missile tests in six months as part of a long-dormant nuclear disarmament diplomacy with the United States. “The expansion of the enrichment plant likely indicates that North Korea is planning to increase its production of military-grade uranium at the Yongbyon site by up to 25%,” said Jeffrey Lewis and two other experts. from the Middlebury Institute of International Studies in Monterey. in a report. The report says satellite images taken by Maxar show construction in an area adjacent to the Yongbyon uranium enrichment plant. A satellite image taken on September 1 shows North Korea clearing trees and preparing the ground for construction, with a construction excavator also visible. The report says a second image taken on September 14 showed a wall erected to fence off the area, work on a foundation, and panels removed from the side of the enrichment building to provide access to the newly closed area. “The new area is approximately 1,000 square meters, enough space to house an additional 1,000 centrifuges,” the report said. “Adding 1,000 new centrifuges would increase the plant’s capacity to produce highly enriched uranium by 25%. Nuclear weapons can be built using either highly enriched uranium or plutonium, and North Korea has facilities to produce both at Yongbyon. Earlier satellite photos of Yongbyon last month showed signs that North Korea was resuming operation of other facilities to produce military-grade plutonium. North Korea calls the Yongbyon complex “the heart” of its nuclear program. US and South Korean experts believe North Korea is secretly operating several other uranium enrichment plants. In 2018, a senior South Korean official told parliament that North Korea has already manufactured up to 60 nuclear weapons. Over the past week, North Korea launched ballistic and cruise missiles out to sea in tests seen as an effort to diversify its missile forces and bolster its attack capability against South Korea and Japan. , where a total of 80,000 US troops are based. Experts say both types of missiles could be armed with nuclear warheads. Associated Australian Press

/images/transform/v1/crop/frm/silverstone-feed-data/c2d13c43-eebf-4c8a-811b-27addbb0b3ce.jpg/r0_74_800_526_w1200_h678_fmax.jpg


Source link

]]>
https://abwr.org/photos-show-north-korea-expands-uranium-plant-canberra-weather/feed/ 0
Australia has resisted the use of nuclear power for decades. Here’s why the AUKUS deal makes people angry https://abwr.org/australia-has-resisted-the-use-of-nuclear-power-for-decades-heres-why-the-aukus-deal-makes-people-angry/ https://abwr.org/australia-has-resisted-the-use-of-nuclear-power-for-decades-heres-why-the-aukus-deal-makes-people-angry/#respond Sat, 18 Sep 2021 04:01:00 +0000 https://abwr.org/australia-has-resisted-the-use-of-nuclear-power-for-decades-heres-why-the-aukus-deal-makes-people-angry/ But it’s not just the French who are furious. Anti-nuclear groups in Australia and many citizens are expressing their anger at the deal, fearing it may be a Trojan horse for a nuclear power industry, which the nation has resisted for decades. New Zealand Prime Minister Jacinda Ardern has spoken personally with his Australian counterpart, […]]]>

But it’s not just the French who are furious. Anti-nuclear groups in Australia and many citizens are expressing their anger at the deal, fearing it may be a Trojan horse for a nuclear power industry, which the nation has resisted for decades.

New Zealand Prime Minister Jacinda Ardern has spoken personally with his Australian counterpart, Scott Morrison, to tell him that ships would not be welcome in the waters of his country, which has been a non-nuclear zone since 1984.

Six countries – the UK, US, China, Russia, India and France – already have nuclear-powered submarines in their fleets, and many large developed economies, including the United States. United Kingdom and United Kingdom use nuclear power in their energy mix. In France, 70% of the country’s electricity is nuclear.

So why all the fuss? Here’s why some Australians are embarrassed by this deal.

How is nuclear energy made?

Nuclear power is the world’s second-largest producer of low-carbon electricity after hydropower, according to the International Energy Agency. It represents around 10% of the world’s electricity, generated by just over 440 power reactors.

Power comes from a process known as nuclear fission, which involves the splitting of uranium atoms in a reactor that heats water to produce steam. This steam is used to turn turbines, which in turn generate electricity.

Uranium is a heavy metal found in rocks and the seabed, and it is a powerful element. A pellet of enriched uranium – the size of an eraser on the end of a pencil – contains the same energy as a ton of coal or three barrels of oil, according to GE Hitachi Nuclear Energy.

Although the process itself does not generate any emissions, greenhouse gases are typically emitted during uranium mining and the enrichment process can be carbon intensive.

Is nuclear renewable?

The simple answer is no. “The energy produced by nuclear power plants is itself renewable, and the steam produced in nuclear reactors can be recycled and turned back into water for reuse in the nuclear fission process.

The materials used in its production, however, are not renewable – the metal is technically finished. But there is an argument that it can be used sustainably; uranium resources around the world are so great that energy experts don’t expect them to run out.

A grass fire burns in a uranium mine near Mount Brockman in Kakadu National Park, Australia, September 1, 2004.

However, many groups that oppose nuclear power do so because of the destruction of the environment caused by uranium mining.

Governments in many parts of the world rely on nuclear power to help decarbonize their economies. It is widely regarded as an efficient way to generate electricity, and depending on the energy used to mine and enrich the uranium, it could potentially be a zero-emission energy source.

Beyond its low-carbon credentials, nuclear power is considered to have the highest capacity factor of all power sources, which means nuclear power plants operate at their maximum power for longer than the other types. In the United States, they run at high capacity 92.5% of the time, according to government data. For coal it’s about 40 percent and wind about 35 percent.

Nuclear power can prevent millions of tons of emissions from entering the atmosphere each year, compared to fossil fuels.

Great. So why are so many Australians against it?

It’s not just Australia. Several countries have slowed down the development of the nuclear industry since the Fukushima disaster in 2011 in Japan. Fukushima Daiichi Power Plant lost electricity during an earthquake and tsunami, causing cooling systems to fail, leading to nuclear fusions and hydrogen explosions and sending out radiation harmful to the atmosphere. Some parts of the city remain closed.

It is the worst nuclear disaster since Chernobyl in 1986, when a test gone awry sparked an explosion and a fire, releasing devastating amounts of radioactive material into the air. Thirty-one people were killed in the crash itself, while many more died from the effects of radiation exposure in the following years, with some estimates in the tens of thousands.

An anti-uranium demonstration at the Sydney Opera House on June 4, 1979.

But Australia’s anti-nuclear movement goes back further than that, to a strong protest movement in the 1970s. This arose in large part because of concerns about the environmental impacts of uranium mining – of which Australia has many. ‘huge reservations – but also because of concerns about public health risks, especially among communities living near the proposed facilities.

There are also concerns about how to safely store nuclear waste. Explosions or leaks of stored waste can also impact human health, although such disasters are much less common than they once were.

In 1977, the Movement Against Uranium Mining in Australia collected 250,000 signatures for a moratorium on metal mining, even though nuclear power was not used in the country. But Australia still extracts the metal today and exports it to produce nuclear power in other parts of the world.

There is growing political pressure in Australia from the leaders of the Liberals – which is Australia’s Conservative Party – to start using nuclear power. Without it, some say, it will be impossible to reach net zero by 2030. It has resisted nuclear largely because it had plentiful supplies of coal and gas, but Australia is under pressure to gradually reduce its use of fossil fuels.

What are nuclear powered submarines and how do they work?  Australia's firepower ambitions explained
When announcing the new deal, Morrison said Australia was not looking to develop “civilian nuclear capability”, which would include nuclear power plants. But Green Party leader Adam Bandt criticized the deal in a tweet as placing “floating Chernobyls in the heart of Australian cities”, saying it “makes Australia less secure”.

Bob Brown, a former Greens leader who campaigned against nuclear warships entering Tasmania in the 1980s, told the Financial Review on Thursday that the deal brought the country closer to developing an energy industry nuclear and warned of a backlash.

“I think it’s very cowardly what the government has done,” Brown said. “He made a decision without reference to the public, knowing the public would oppose it.”

And what is New Zealand’s position?

New Zealand is one of the few developed countries that does not have a nuclear reactor. It also has a zero nuclear zone that prevents nuclear weapons or nuclear ships from entering its territory.

A nuclear power plant in Gundremmingen, Germany on February 26, 2021. Germany is reducing its use of nuclear power, while New Zealand is still banning it entirely.

In September 1978, the New Zealand government issued a Royal Commission on Nuclear Energy, and a decision was made for the country to use its own resources to generate electricity, rather than set up nuclear power plants.

Hydroelectric power – which harnesses power from the movement of water – now provides 80 percent of the country’s electricity, and investing in nuclear power plants is still not seen as profitable. The initial cost of building nuclear facilities is extremely high, according to the World Nuclear Association.

However, the main reason for New Zealand’s opposition to nuclear power is, as in Australia, public opinion and concerns about safety and nuclear waste disposal.

New Zealand’s anti-nuclear position applies to nuclear power, nuclear-powered ships and nuclear weapons.

CNN’s Angela Dewan contributed to this report.


Source link

]]>
https://abwr.org/australia-has-resisted-the-use-of-nuclear-power-for-decades-heres-why-the-aukus-deal-makes-people-angry/feed/ 0
Why uranium stocks exploded this week https://abwr.org/why-uranium-stocks-exploded-this-week/ https://abwr.org/why-uranium-stocks-exploded-this-week/#respond Fri, 17 Sep 2021 17:07:18 +0000 https://abwr.org/why-uranium-stocks-exploded-this-week/ What happened Stocks of uranium stocks were on fire this week as spot uranium prices continued to rise steadily. According to data from Markets Insider, the spot price of uranium has risen 65.5% so far this year and has risen from $ 42.40 per pound to close last week at $ 49.65 at the time. […]]]>

What happened

Stocks of uranium stocks were on fire this week as spot uranium prices continued to rise steadily. According to data from Markets Insider, the spot price of uranium has risen 65.5% so far this year and has risen from $ 42.40 per pound to close last week at $ 49.65 at the time. where I write. It suddenly became a commodity in the energy industry.

Uranium royalty (NASDAQ: UROY) led the way by climbing 36.6% between the close of markets last Friday and the close of the market Thursday night. Ur-Energy (NYSEMKT: URG) jumped 9% over the same period and Energy fuels (NYSEMKT: UUUU) was up 6.9%. All three stocks posted a maximum intra-week gain of 52%, 17.5% and 17.8%, but gave up some of that value at the end of the week.

Image source: Getty Images.

So what

The Sprott Physical Uranium Trust (OTC: SRUU.F) obtained approval to expand its share program into the market to issue up to $ 1 billion in additional units. Since the trust is buying physical uranium, it will likely be a big buyer over the next few months, which traders are betting that will push the spot price even higher.

The trust adds a big buyer in the uranium market, which helps uranium stocks, but the party might not last long. If companies increase supply to match the increase in demand, prices will likely fall over time.

We’re also seeing an increase in uranium trading activity with hedge funds and on the advice of Reddit. Cameco (NYSE: CCJ) was a high profile stock discussed on WallStreetBets on Monday and uranium on the whole is getting more attention than the commodity usually gets. Like it or not, Reddit can drive up commodities or short-term stocks and that’s one of the reasons uranium stocks have risen this week.

Uranium Royalty likely dominated the market this week as it announced on Wednesday that it had entered into contracts that would increase its holdings of uranium to 648,068 pounds at an average cost of $ 33.10 per pound. With rising prices, there could be a windfall for the company if uranium prices hold.

Now what

Uranium stocks are moving mainly because the underlying uranium product is up this week. And there’s been a bull market in uranium over the last few months, so that’s the momentum that started some time ago.

What we don’t know is where uranium prices will go in the long run. Higher prices could mean more production from miners and this would rebalance supply and demand. If prices fall next week or month because additional demand from some buyers has been met by additional supply, uranium inventories could fall.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


Source link

]]>
https://abwr.org/why-uranium-stocks-exploded-this-week/feed/ 0
Uranium price exceeds $ 50 for the first time since 2012 https://abwr.org/uranium-price-exceeds-50-for-the-first-time-since-2012/ https://abwr.org/uranium-price-exceeds-50-for-the-first-time-since-2012/#respond Fri, 17 Sep 2021 01:55:00 +0000 https://abwr.org/uranium-price-exceeds-50-for-the-first-time-since-2012/ DENVER, September 16, 2021 / PRNewswire-PRWeb / – The spot market price of uranium has risen to US $ 50.50 per pound of uranium oxide (U3O8) today — the first time since July 2012 that the uranium market saw a spot price exceed the $ 50 price level. Industry consultant TradeTech’s daily uranium spot price […]]]>

DENVER, September 16, 2021 / PRNewswire-PRWeb / – The spot market price of uranium has risen to US $ 50.50 per pound of uranium oxide (U3O8) today — the first time since July 2012 that the uranium market saw a spot price exceed the $ 50 price level.

Industry consultant TradeTech’s daily uranium spot price indicator (U3O8) climbed a little higher $ 10, or 25 percent, over the past week, and $ 20 or 66% over the past month, as spot market activity increased sharply amid the purchasing activity of financial groups, traders and nuclear power utilities, with financial entities accounting for the majority of purchases reported in recent weeks.

“The launch of the Sprott Physical Uranium Trust in mid-August was a major factor in the rise in spot prices,” said the chairman of TradeTech. Treva E. Klingbiel. “Not only has the Trust accounted for a significant portion of the equipment purchased on the spot market since mid-August, but the fund’s launch has attracted a number of new players to the uranium market, who, combined with regular purchases from uranium producers and existing funds, gave new impetus to the price increase, ”she added.

At present, uranium supplies have been sufficient to meet increased demand in the spot market, although sellers remain cautious and hold on to quantities in anticipation of further rising prices and demand. utilities in the coming months, according to TradeTech. The Sprott Physical Uranium Trust, which has extended its At-the-Market program to $ 1.3 billion last week, is expected to remain an active participant in the spot uranium market.

About TradeTech
TradeTech launched its daily uranium spot price indicator in March 2011, which is provided to subscribers around the world. The company’s Nuclear Market Review (NMR) is published every Friday evening and reports the weekly uranium spot price indicator, uranium trading activity, industry news and news. market data. The monthly edition of the NMR, published on the last day of each month, includes the market values ​​of TradeTech (exchange value, UF6 value, Loan rate, the conversion value, the value of the UTS and the value of the transaction) and the uranium price indicators in the medium and long term, as well as analyzes related to the determination of the prices, information on the supply / demand and industry news. TradeTech also publishes “The Nuclear Review”, a monthly trade publication devoted to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study”.

TradeTech – and its predecessor companies – has supported the uranium and nuclear fuel cycle industry for over 50 years and is widely recognized for its expertise in doing business and its in-depth knowledge of the technical, economic and political factors affecting this industry. industry. TradeTech provides expert market advice, maintains relationships with international buyers and sellers of nuclear fuel, and maintains an extensive database of information on these industries.

For general and media inquiries, contact:
CommerceTech
Denver Tech Center
7887 Avenue Belleview East
Office 888
Englewood, CO 80111
Telephone: 303.573.3530
Fax: 303.573.3531

###

Media contact

Treva Klingbiel, TradeTech, +1 3035733530, info@tradetech.com

Twitter

SOURCE TradeTech



Source link

]]>
https://abwr.org/uranium-price-exceeds-50-for-the-first-time-since-2012/feed/ 0
The world’s largest uranium-producing countries in 2020 – report https://abwr.org/the-worlds-largest-uranium-producing-countries-in-2020-report/ https://abwr.org/the-worlds-largest-uranium-producing-countries-in-2020-report/#respond Thu, 16 Sep 2021 17:18:00 +0000 https://abwr.org/the-worlds-largest-uranium-producing-countries-in-2020-report/ Editor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert opinions. Register here ! (Kitco News) – Permanent closures and temporary mine suspensions due to the COVID-19 crisis affected global uranium production in 2020. Kazakhstan was the largest uranium-producing […]]]>

Editor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert opinions. Register here !

(Kitco News) – Permanent closures and temporary mine suspensions due to the COVID-19 crisis affected global uranium production in 2020. Kazakhstan was the largest uranium-producing country in 2020, followed by Australia and Namibia.

Amid an emerging boom in the uranium market, which has recently been spurred by relentless spot uranium purchases primarily by the Sprott Physical Uranium Trust, the World Nuclear Association (WNA) has released production data. world of uranium in 2020.

According to the WNA, in 2020 total world uranium production was 47,731 tonnes, a significant 13% drop from 2019 (54,742 tonnes) and the lowest level of uranium production since over a decade. WNA said last year mined uranium only covered 74% of its global demand, which is also the lowest level in more than a decade.

In 2020, Kazakhstan produced the largest share of uranium from mining (41% of global supply), followed by Australia (13%) and Canada (8%).

Kazakhstan was the largest uranium producing country with 19,477 t U mined in 2020, or 15% less compared to the national production of 22,808 t U in 2019 due to the expected impact of the pandemic and the decrease in wellfield development activities, as well as lower workforce at local uranium mines in April-July 2020.

Australia was the second uranium producer with 6,203 tonnes of uranium produced in 2020, 6% less than in 2019 (6,613 tonnes). Uranium production ceased at Rio Tinto’s Ranger mine in January 2021. Australia’s known uranium resources are the largest in the world – nearly a third of the global total.

Namibia jumped one position and placed third in 2020. The country produced 5,413 tonnes of uranium in 2020, down 1% from 2019 (5,476 tonnes). Chinese companies have taken control of two uranium production mines in Namibia, Husab and Rössing.

Canada was the world’s largest producer of uranium for many years, accounting for about 22% of world production, but in 2009 was overtaken by Kazakhstan. In 2020, Canada was fourth and produced 3,885 tonnes of uranium, 44% less than in 2019 (6,938 tonnes). The decline in uranium production in Canada was due to suspensions related to COVID-19 at the Cigar Lake mine in Saskatchewan.

Uzbekistan fifth seat. This resource-rich Central Asian country produced 3,500 tonnes of uranium in 2020, unchanged from 2019. Uzbekistan does not process uranium locally and exports all of its produced stock to others. country.

The full list is on the graph.

The world’s largest uranium-producing countries in 2020

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.


Source link

]]>
https://abwr.org/the-worlds-largest-uranium-producing-countries-in-2020-report/feed/ 0
Uranium Royalty Corp Expands Physical Uranium Holdings to 648,068 Pounds of U3O8 at a Weighted Average Cost of US $ 33.10 per Pound of U3O8 https://abwr.org/uranium-royalty-corp-expands-physical-uranium-holdings-to-648068-pounds-of-u3o8-at-a-weighted-average-cost-of-us-33-10-per-pound-of-u3o8/ https://abwr.org/uranium-royalty-corp-expands-physical-uranium-holdings-to-648068-pounds-of-u3o8-at-a-weighted-average-cost-of-us-33-10-per-pound-of-u3o8/#respond Wed, 15 Sep 2021 11:00:00 +0000 https://abwr.org/uranium-royalty-corp-expands-physical-uranium-holdings-to-648068-pounds-of-u3o8-at-a-weighted-average-cost-of-us-33-10-per-pound-of-u3o8/ VANCOUVER, BC, September 15, 2021 / PRNewswire / – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (“URC“or the”Society“) announces that it is entering into contracts for three additional cash purchases totaling 300,000 pounds U3O8 at an average cost of US $ 38.17 per U pound3O8. Deliveries are scheduled for September /October 2021 and will be […]]]>

VANCOUVER, BC, September 15, 2021 / PRNewswire / – Uranium Royalty Corp. (NASDAQ: UROY) (TSXV: URC) (“URC“or the”Society“) announces that it is entering into contracts for three additional cash purchases totaling 300,000 pounds U3O8 at an average cost of US $ 38.17 per U pound3O8. Deliveries are scheduled for September /October 2021 and will be accomplished by book transfers to the RCU storage account at Cameco Corporation’s fuel service facilities in Ontario, Canada. This acquisition is entirely financed by available cash. From September 14, 2021, URC has 80 million Canadian dollars in cash, marketable securities and physical uranium.

Upon completion of these deliveries, URC will hold a physical inventory of 648,068 U pounds3O8 at a weighted average cost of US $ 33.10 per pound. Trade Tech’s latest daily spot price is at US $ 45.00 per book from September 14, 2021, resulting in an increase in the net realizable value of RCU’s physical uranium holdings by US $ 7.7 million.

The RCU has a mandate to make periodic purchases of physical uranium in order to provide attractive exposure to commodity prices to shareholders, particularly in these early stages of a bull market for uranium. The global megatrend towards decarbonization provides a major catalyst for carbon-free, safe and reliable nuclear power. Uranium supply and demand fundamentals continue to improve, with uranium demand now exceeding pre-Fukushima levels and global mining production (128 million pounds) expected to lag 63 million pounds pounds on global consumption (191 million pounds) in 2021 (UxC data – Q3 2021 report).

It’s the 5e year of the production / consumption gap which had a positive impact on the reduction of excess stocks on the market. Purchasing activities from producers and financial entities, such as the Sprott Physical Uranium Trust, have recently accelerated this rebalancing, causing the spot price to rise 49% in the past five weeks.

About Uranium Royalty Corp.
Uranium Royalty Corp. (URC) is the world’s only uranium royalty company and the only uranium-focused company on the Nasdaq. URC strives to gain exposure to uranium prices by making strategic investments in uranium interests, including royalties, flows, debt and equity investments in uranium companies, as well as through holdings of physical uranium. The Company recognizes the inherent cyclicality of valuations based on uranium prices, including the impact of such cyclicality on the availability of capital in the uranium industry and the current pricing environment. historically low uranium. URC has in-depth industry knowledge and expertise to identify and assess investment opportunities in the uranium industry. The management and board of directors of the Company include individuals with decades of combined experience in the uranium and nuclear energy industries, including specific expertise in mine financing, identification and l uranium project evaluation, mining development and sale and trade.

Forward-looking information

Certain statements contained in this press release may constitute “forward-looking information”, including those concerning the Company’s expectations regarding the uranium markets. Forward-looking information includes statements that deal with or discuss activities, events or developments that the Company expects or anticipates might occur in the future. When used in this press release, words such as “believes”, “expects”, “plans”, “plans”, “will”, “believes”, “intends”, “Should”, “could”, “could” and other similar terminology is intended to identify such forward-looking information. Statements constituting forward-looking information reflect the current expectations and beliefs of the management of the Company. These statements involve material uncertainties, known and unknown risks, uncertainties and other factors and, therefore, the actual results, performance or achievements of the Company and its industry may differ materially from those implied by these forward-looking statements. . They should not be interpreted as a guarantee of future performance or results and will not necessarily constitute a precise indication of whether or not such results will be obtained. A number of factors could cause actual results to differ materially from this forward-looking information, including, without limitation, risks inherent in royalty companies, uranium price volatility, risks associated with operators of the projects underlying the Company’s existing and proposed interests and those other risks described in filings with Canadian securities regulators and the United States Securities and Exchange Commission. These and other risks could cause actual results and events to vary significantly. Therefore, readers should exercise caution in relying on forward-looking information and the Company makes no commitment to revise it publicly to reflect subsequent events or circumstances, except as required by law.

Neither the TSX Venture Exchange (the “TSX-V”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy. of this press release.

SOURCE Uranium Royalty Corp.


Source link

]]>
https://abwr.org/uranium-royalty-corp-expands-physical-uranium-holdings-to-648068-pounds-of-u3o8-at-a-weighted-average-cost-of-us-33-10-per-pound-of-u3o8/feed/ 0
Uranium prices, Greatland Gold PLC, BHP Group PLC … https://abwr.org/uranium-prices-greatland-gold-plc-bhp-group-plc/ https://abwr.org/uranium-prices-greatland-gold-plc-bhp-group-plc/#respond Sat, 11 Sep 2021 08:30:00 +0000 https://abwr.org/uranium-prices-greatland-gold-plc-bhp-group-plc/ The aggressive purchase of uranium by a new investment trust pushed the price of the metal to its highest level since 2014. The Sprott Physical Uranium Trust has recovered around 6 million pounds of physical uranium, worth around US $ 240 million, since its launch in July, the FT reported on Friday. (,,) (AIM: GGP, […]]]>

The aggressive purchase of uranium by a new investment trust pushed the price of the metal to its highest level since 2014.

The Sprott Physical Uranium Trust has recovered around 6 million pounds of physical uranium, worth around US $ 240 million, since its launch in July, the FT reported on Friday.

(,,) (AIM: GGP, OTC: GRLGF,) reported that high grade gold and copper were found outside the original resource area of ​​the Havieron deposit in Western Australia.

New results from the growth drilling program in the Crescent sulphide zone and around the North Breccia continue to support the potential for resource expansion, he said.

The 12 new drill holes intersected mineralization, with six holes returning significant assay intersections greater than 100 meter-grams of gold.

“Initial work for mine development is progressing as planned with the decline now advanced to more than 120 meters from the portal to the top of the deposit. “

() () is the latest miner to sign up to use artificial intelligence tools developed by a Bill Gates-backed start-up to find new deposits of metals needed for batteries and clean energy.

The world’s largest miner and Silicon Valley-based KoBold Metals will jointly fund exploration using data processing technology to help locate potential mineral deposits below the earth’s surface, starting with Western Australia, according to media reports.

De Beers Group of () () sold US $ 515 million worth of rough diamonds in the seventh sales cycle of 2021 and said sentiment remains positive.

Provisional revenue for the period August 23 to September 7 was little changed from the $ 514 million sold in the sixth cycle of this year and is 54% higher than the seventh cycle of 2020.

“Sentiment in the mid-diamond industry continues to be positive and this is reflected in our sales for Sight 7,” said Bruce Cleaver, Managing Director of De Beers. “The demand for rough diamonds is the result of strong demand for polished diamonds in our US and Chinese markets.

(,,,,) (AIM: PAF, OTCQX: PAFRY, JSE: PAN, FRA: RTZ,) expects earnings per share to increase by at least 63% for the year ending June 2021 , helped by rising gold prices and sales.

EPS will be between 3.76 and 4.10 cents US, compared to 2.30 cents US for the period of the previous year, an increase of 63% and 78% respectively, he said in a statement. .

Revenue increased 34.8% to US $ 368.9 million as gold sales climbed 12.4% to 201,777 ounces and the average price of gold received increased from $ 1,574 US at US $ 1,821 per ounce.

Plans to build the UK’s first deep coal mine in 30 years in Cumbria face waning support as a public inquiry into the proposal is underway today, the Guardian reported.

West Cumbria Mining has made plans to establish a metallurgical coal mine, known as Woodhouse Colliery, off the coast near Whitehaven in western Cumbria to supply British and European steelmakers, which currently import around 45 million tonnes of metallurgical coal each year.


Source link

]]>
https://abwr.org/uranium-prices-greatland-gold-plc-bhp-group-plc/feed/ 0
Up 70% in September, why the Paladin Energy (ASX: PDN) share price continues to rise https://abwr.org/up-70-in-september-why-the-paladin-energy-asx-pdn-share-price-continues-to-rise/ https://abwr.org/up-70-in-september-why-the-paladin-energy-asx-pdn-share-price-continues-to-rise/#respond Wed, 08 Sep 2021 05:10:00 +0000 https://abwr.org/up-70-in-september-why-the-paladin-energy-asx-pdn-share-price-continues-to-rise/ Image source: Getty Images The Paladin Energy Ltd. (ASX: PDN) The stock price is booming in September, up 72% to an 8-year high at 86 cents. Widespread buying in the uranium sector was supported by higher spot uranium prices, reaching a 6-year high of ~ US $ 35 / lb last week. What drives uranium […]]]>

Image source: Getty Images

The Paladin Energy Ltd. (ASX: PDN) The stock price is booming in September, up 72% to an 8-year high at 86 cents.

Widespread buying in the uranium sector was supported by higher spot uranium prices, reaching a 6-year high of ~ US $ 35 / lb last week.

What drives uranium prices?

It can be difficult to gain exposure to the uranium market, with a limited number of listed uranium players to choose from and no formal spot market for physical uranium.

The uranium landscape has changed rapidly this year, after the Sprott Physical Uranium Trust began trading on the Canadian Toronto Stock Exchange on July 19.

The Sprott aggressively buys physical uranium in the spot market, stimulating demand and increasing transparency in the industry.

Sprott’s Twitter noted that the fund added 3.45 million pounds of physical uranium in September alone. The aggressive buying in the spot market coincides with recent strength in the Paladin Energy share price.

According to Kitco, analysts believe Sprott is a “critical factor behind the recent surge in the price of the energy metal. The Trust gives investors direct access to physical metal.

Sprott CEO Commentary

In an interview with Kitco News, Sprott CEO Peter Grosskopf said he sees the Uranium Trust as a “game changer for the uranium market” and expects “to see a demand for it. increasing investment in physical metal as industrial demand picks up “.

“We believe uranium is entering a new bull market as the world searches for a clean energy mix in the new green energy revolution,” he said.

This could put Paladin Energy’s share price in the spotlight, as the largest ASX-listed uranium player.

“If you want a low-carbon grid, you can achieve it by spending a huge amount of money and having a very inefficient grid, which is inherently unstable, or you include nuclear as a central part of the power base. We believe uranium has been underestimated for the past 15 years, ”Grosskopf said.

Paladin Energy Share Price Snapshot

The broader uranium industry, from large-cap players like Paladin Energy to small-cap explorers like Deep Yellow Limited (ASX: DYL), Energie Péninsule Ltée (ASX: PEN) and Vimy Resources Ltd. (ASX: VMY) have all emerged as some of the top performing ASX stocks over the past few weeks.

The Paladin Energy share price came to life this year after trading mostly sideways between 2015 and 2019.

Shares of Paladin Energy have risen 230% year-to-date to 86 cents, but well below their 2011 highs of nearly $ 5.



Source link

]]>
https://abwr.org/up-70-in-september-why-the-paladin-energy-asx-pdn-share-price-continues-to-rise/feed/ 0
Indy DC download: Congressional delegation pushes to expand downwind law https://abwr.org/indy-dc-download-congressional-delegation-pushes-to-expand-downwind-law/ https://abwr.org/indy-dc-download-congressional-delegation-pushes-to-expand-downwind-law/#respond Sat, 04 Sep 2021 09:00:00 +0000 https://abwr.org/indy-dc-download-congressional-delegation-pushes-to-expand-downwind-law/ Hello and welcome to the Indy DC Download newsletter, a weekly overview of what’s happening in the Nation’s Capital when it comes to Nevada. If a colleague or associate has emailed you this newsletter, please Click here to sign up for and receive your own copy of Indy DC Download in your inbox. The Nevada […]]]>

Hello and welcome to the Indy DC Download newsletter, a weekly overview of what’s happening in the Nation’s Capital when it comes to Nevada.

If a colleague or associate has emailed you this newsletter, please Click here to sign up for and receive your own copy of Indy DC Download in your inbox.

The Nevada congressional delegation is looking for ways to extend an expiring law that provides compensation for those exposed to radiation from nuclear testing in Nevada.

The Radiation Compensation Exposure Act (RECA) expires on July 11, 2022. The law, enacted in 1990, grants $ 50,000 to people who developed certain cancers and were in parts of Nevada near the Nevada test site, now known as the Nevada National Security Site, during nuclear testing.

These regions include the counties of Eureka, Lander, Lincoln, Nye and White Pine. It also covers specific areas of northern Clark County.

“This is not a mission accomplished,” said Representative Mark Amodei (R-NV), who is optimistic that the law can be extended before it expires.

In an interview, he suggested that the National Defense Authorization Act (NDAA), the annual military policy bill, is the most likely vehicle for continuing the compensation program.

Amodei’s comments came as the House Armed Services Committee approved his version of NDAA, including adding $ 24 billion to President Joe Biden’s $ 415 billion budget request.

Representative Steven Horsford (D-NV), a member of the military policy panel, supported the Republican amendment to add funding as it would benefit Nevada military posts.

“In total, the defense budget for fiscal year 2022 will make our military stronger, safer and more responsive to the needs of our military,” Horsford said in a statement following the passage of the NDAA.

The House panel debate saw several amendments criticizing Biden for the nation’s tumultuous withdrawal from Afghanistan. Congressional Democrats with tough re-election races next year, including Senator Catherine Cortez Masto (D-NV), have sought to take a tougher line with the administration as Republicans escalated criticism of Biden and, by extension, Democrats.

With both the House and the entire Senate on vacation, no floor votes were taken.

RECA

Amodei said he plans to support legislation that would expand the areas covered by the law.

“It’s a statewide problem,” Amodei said, adding that fallout from nuclear testing has likely contaminated the food supply.

A bill introduced by Rep. Paul Gosar (R-AZ) would include Mohave County, just east of the southern tip of the state, and all of Clark County. The legislation would also extend the RECA trust fund for an additional five years.

Representative Greg Stanton (D-AZ) has a similar bill co-sponsored by Representative Dina Titus (D-NV) and Representative Susie Lee (D-NV). The two were the only cosponsors listed for the measure.

The Horsford office said it plans to co-sponsor legislation that has yet to be introduced.

In the Senate, Cortez Masto and Senator Jacky Rosen (D-NV) also support the extension of the law.

According to his office, Cortez Masto sees the NDAA and the budget reconciliation package as two possible vehicles. The reconciliation bill is currently in the works and would have elements of the Democratic agenda, such as granting family and medical leave, that Republicans would not support.

Rosen is a cosponsor of legislation introduced by Senator Kyrsten Sinema (D-AZ) to extend benefits to those of Mohave and Clark counties.

The bill “would take an important step to expand the geographic boundaries of areas eligible for compensation,” Rosen said in a statement provided by his office.

Benefits under the RECA are also available to certain uranium miners, plant workers, and ore carriers who worked in the uranium industry between 1942 and 1971, when the federal government ceased its purchases of uranium for the atomic weapons program, according to the Amodei office.

In addition to the one-time payment of $ 50,000 for people residing or working “downwind” from the Nevada test site, workers participating in atmospheric nuclear weapons testing who have developed certain cancers are eligible for a one-time payment. of $ 75,000 and uranium miners, crushers and ore carriers who develop certain cancers can receive a one-time payment of $ 100,000.

RECA has awarded more than $ 2.4 billion in benefits to more than 37,000 claimants since its inception in 1990.

According to the Atomic Heritage Foundation, the federal government performed 1,021 nuclear tests at the test site between 1951 and 1992. Of the tests, 100 were atmospheric and 921 were underground. Test facilities for rocket and ramjet nuclear engines were also built and used from the late 1950s to the early 1970s.

NDAA

The committee approved the NDAA by 57 votes to two after approximately 4 p.m. markup that began Wednesday morning.

Horsford touted provisions in the measure for Nevada, including $ 20 million for the planning and design of a bunkhouse at Nellis Air Force Base.

“This dormitory is absolutely necessary to address the housing shortage currently facing young Airmen, who are often forced to live off base,” Horsford said.

Cortez Masto and Rosen have requested $ 7.2 million for the project in the annual military construction appropriations bill.

The MQ-9 Reapers program, which manages remotely piloted drones, many of which are stationed and operated from Creech Air Force Base, received $ 158 million for procurement, $ 129.7 million for modernization and $ 103 million for research and development. The program received an additional $ 53 million for maintenance.

Horsford was among 14 Democrats on the committee to support the Republican amendment adding the $ 24 billion to the Pentagon budget. The amendment was reduced from 42 to 17. The Senate Armed Forces Committee approved a similar provision in its version of the bill in July.

“The $ 23.9 billion increase in the FY2022 defense budget will help us keep pace with China and maintain our global counterterrorism efforts,” he said. said, adding that this would bring direct benefits to his district, including strengthening MQ-9. program.

Horsford voted for an amendment calling for a report on why the military closed Bagram Air Base in Afghanistan, which could have facilitated the evacuation.

He also voted for an amendment requiring an interagency report stating that the withdrawal will not hamper the country’s counterterrorism mission or endanger national security.

Horsford also gave a speech which reflected a firm stance on how the administration handled the withdrawal, but which praised the administration for ending the war.

“I wholeheartedly supported President Biden’s courageous decision to end our mission in Afghanistan,” Horsford said. “In doing so, he put thousands of our troops out of harm’s way and did what previous administrations failed to do.”

“However, like many, I was horrified by the tragic manifestations of desperation we have witnessed in the last few weeks of our mission,” he continued. “There is no doubt that in the later stages of this conflict, we have not fully met our moral obligations to our citizens and allies still stranded in Afghanistan.

Democrats seek the distance

Horsford’s comments came as Cortez Masto marked the nation’s withdrawal from Afghanistan after a 20-year presence in the Middle Eastern country by calling on the Biden administration to work with Congress to “get the Americans out and our Afghan allies of Afghanistan and danger ”.

His comments reflect a stance that Congressional Democrats facing tough re-election campaigns are increasingly taking to try to distance themselves from Biden and his falling poll numbers, according to Axios.

According to an NPR / PBS NewsHour / Marist poll released Thursday, Biden’s approval rating fell to 46%, the lowest since taking office and six points below a July poll.

Thursday’s poll also showed Biden losing independents. The share of independents who approve of the work Biden is doing has fallen to 36% from 46% in July.

This could be bad news for Cortez Masto, as voter registration in Nevada is increasingly non-partisan. Recently, the share of voters from non-major parties, 34.8%, overtook Democrats and Republicans in the state, at 34.78% and 30.4%, respectively.

Representing a state former President Donald Trump lost by two percentage points, Cortez Masto is a target for the National Republican Senatorial Committee (NRSC), the campaign arm of Senate Republicans, which seeks to win back the majority. The Senate is currently divided 50-50 between the parties.

The NRSC called on Cortez Masto to take a tougher stance against Biden for the withdrawal, which saw 13 US soldiers killed in a suicide bombing outside Kabul airport.

His opponent, former Attorney General Adam Laxalt, an Iraq war veteran, wrote an op-ed Friday at Washington Examiner this argued for a change in the makeup of Congress to hold Biden accountable.

“It’s time for inquiries, resignations and real change,” Laxalt wrote. “It’s time to fire the Democratic leadership in Congress so that we can hold this administration accountable for its failure.”

Cortez Masto’s campaign highlighted comments she made that criticized the administration for the chaotic pullout.

“I never saw a plan,” Cortez Masto told KSNV in Las Vegas in August. “I asked the Trump administration for a plan – I never got anything. I asked this administration – I never received anything. And so, yes, I have questions. What happened?”

For a full rundown of the actions delegates supported or opposed this week, check out The Nevada IndependentCongress vote tracking and other information below.


Source link

]]>
https://abwr.org/indy-dc-download-congressional-delegation-pushes-to-expand-downwind-law/feed/ 0
CanAlaska Uranium expresses gratitude to Kathleen Kennedy Townsend for her services as Director https://abwr.org/canalaska-uranium-expresses-gratitude-to-kathleen-kennedy-townsend-for-her-services-as-director/ https://abwr.org/canalaska-uranium-expresses-gratitude-to-kathleen-kennedy-townsend-for-her-services-as-director/#respond Wed, 01 Sep 2021 12:34:30 +0000 https://abwr.org/canalaska-uranium-expresses-gratitude-to-kathleen-kennedy-townsend-for-her-services-as-director/ Joins the Biden Administration as Secretary’s Representative on Retirement and Retirement Matters for Labor Secretary Marty Walsh Vancouver, British Columbia – (Newsfile Corp. – September 1, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) announces that the Honorable Kathleen Kennedy Townsend, Director of the Rock Creek Group and […]]]>

Joins the Biden Administration as Secretary’s Representative on Retirement and Retirement Matters for Labor Secretary Marty Walsh

Vancouver, British Columbia – (Newsfile Corp. – September 1, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) announces that the Honorable Kathleen Kennedy Townsend, Director of the Rock Creek Group and Lieutenant Governor of Maryland from 1995 to 2003, has stepped down from the CanAlaska Board of Directors.

“Over the past seven years, Kathleen has been a key member of the Board of Directors, including chairing several committees. I would like to thank Kathleen for her invaluable advice, tremendous contributions and unwavering support to CanAlaska, ”commented Peter Dasler, President of CanAlaska. “On behalf of our Board of Directors, we wish Kathleen the best in her important new venture as she joins the Biden Administration of the US Department of Labor.”

Kathleen Townsend commented, “The CanAlaska team has done me the great honor of serving on the Board of Directors. I have seen strong, confident men in action. Mining is a tough business. It takes faith, intelligence and spirit. CanAlaska has it all. . I have confidence that they will succeed. “

Ms. Townsend has a long history of achievement in both the public and private sectors. She was the first female lieutenant governor of the state of Maryland. She was responsible for a multibillion dollar budget and overseeing key government departments. Prior to her election in 1995, Ms. Townsend served in the United States Department of Justice as the United States Assistant Deputy Attorney General. She led planning to send 100,000 police officers to communities and launched the Police Force, a program to provide college scholarships to young people who commit to work as police officers for four years after graduation. of their diploma. Ms. Townsend also served as Managing Director of Rock Creek Group, an investment advisor based in Washington, DC. Earlier in her career, Ms. Townsend was the founder and director of the Maryland Student Service Alliance.

Ms. Townsend graduated with honors from Harvard University and received her law degree from the University of New Mexico and received 12 honorary degrees. She is a member of the bar of Maryland, Connecticut, and Massachusetts, and is also a stockbroker and certified author.

Other news

The Company is currently drilling on its West McArthur joint venture project in the Zone 42 discovery area, a joint venture with Cameco Corporation.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) owns interests in approximately 214,000 hectares (530,000 acres), in the Athabasca Basin of Canada – the “Saudi Arabia of Uranium”. CanAlaska’s strategic holdings have attracted large international mining companies. CanAlaska is currently working with Cameco and Denison on two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for the success of the discovery in the richest uranium district in the world. The Company also holds promising properties for nickel, copper, gold and diamonds. For more information, visit www.canalaska.com.

On behalf of the board of directors
“Pierre Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.

Contacts:

Cory Belyk, Executive Vice President and CEO
Tel: +1.604.688.3211 x 306
E-mail: This e-mail address is protected from spam. You need JavaScript enabled to view it.

Peter Dasler, President
Tel: +1.604.688.3211 x 138
E-mail: This e-mail address is protected from spam. You need JavaScript enabled to view it.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that deal with activities, events or developments that the Company expects, believes or anticipates will occur or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, its perception of historical trends, current conditions, expected future developments and other factors that it deems appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties which contribute to the possibility that predictions, forecasts, projections and other forward-looking statements may prove to be inaccurate, some of which are beyond the control of the Company. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect the occurrence of unforeseen future events.


Source link

]]>
https://abwr.org/canalaska-uranium-expresses-gratitude-to-kathleen-kennedy-townsend-for-her-services-as-director/feed/ 0