Uranium resurgence

[Tyre Kicker]

Agree with @qldfrog that if Labor gets in on a Green deal then any future national uranium mining laws will be in jeopardy. But, there's existing state laws in place to allow it. Let's face it though, if the Greens have the balance of power they will try and kill anything that emits CO2 or methane. Lock up your sheep, cows and dogs.

100%.

Concerning as an investor in the uranium space.

 

[qldfrog]

Agree with @qldfrog that if Labor gets in on a Green deal then any future national uranium mining laws will be in jeopardy. But, there's existing state laws in place to allow it. Let's face it though, if the Greens have the balance of power they will try and kill anything that emits CO2 or methane. Lock up your sheep, cows and dogs.

or ICE cars, trucks, fields, individual houses, fire, anything we used to call progress but is obviously the crime of mankind against nature ;-)

 

[Sean K]

I'm still bullish on uranium medium term, until there's another tsunami that effects a stupidly positioned reactor, or the Green's get in power.

 

[Ann]

Very much doubt this will negatively impact the new physical ETF.

Uranium Draws Investors as SEC Rejects Sprott U.S. Fund

(Bloomberg) -- Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission, investing in it is another story.
Most Read from Bloomberg


The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

continue reading...

hold PDN, PEN, DYL, AGE

 

[qldfrog]

Very much doubt this will negatively impact the new physical ETF.

Uranium Draws Investors as SEC Rejects Sprott U.S. Fund

(Bloomberg) -- Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission, investing in it is another story.
Most Read from Bloomberg


The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”

Think about it: how would redemption and delivery of radioactive material work?

continue reading...

hold PDN, PEN, DYL, AGE

Imagine Iran becoming the major shareholder...and redeeming?

 

[Ann]

Imagine Iran becoming the major shareholder...and redeeming?

Who needs to worry about Iran when the biggest, craziest warmonger in the whole world has loads of the stuff already in Russia and with existing bombs, Iran would be the least of our problems.

Edit. I think the biggest risk is Sprott might corner the market for Uranium and that is not a good thing.

 

[frugal.rock]

I'm still bullish on uranium medium term, until there's another tsunami that effects a stupidly positioned reactor, or the Green's get in power.

Was more a case of backup pumps and generators failing due to being to low and being inundated, by memory.
One small design and planning flaw bringing the whole thing undone.

 

[qldfrog]

Who needs to worry about Iran when the biggest, craziest warmonger in the whole world has loads of the stuff already in Russia and with existing bombs, Iran would be the least of our problems.

Edit. I think the biggest risk is Sprott might corner the market for Uranium and that is not a good thing.

I though you were talking US, our role model.....

 

[sptrawler]

Nuclear Power in the United Kingdom​

(Updated April 2022)

• The UK generates about 15% of its electricity from about 7 GW of nuclear capacity.
• Most existing capacity is to be retired by the end of the decade, but the first of a new generation of nuclear plants is under construction.
• Government plans call for up to 24 GW of new nuclear capacity by 2050 to provide about 25% of electricity.
• The UK has implemented a thorough assessment process for new reactor designs and their siting.
• The UK has privatized power generation and liberalized its electricity market, which together make major capital investments problematic.

 

[finicky]

Skyharbour buys into Rio Tinto’s Russell Lake uranium project​

Skyharbour buys into Rio Tinto’s Russell Lake uranium project

The Canadian explorer has secured an initial 51% stake in Russell Lake, located next to its Moore property in Saskatchewan.

www.mining.com

Excerpt:
May 20

After years of depressed prices and halted production, the uranium market is experiencing a revival on supply worries steaming from sanctions against Russia’s state-owned atomic energy company, Rosatom.

Earlier this month, Cameco and Orano increased their stakes in the Cigar Lake uranium mine in northern Saskatchewan by buying Idemitsu Canada Resources’ 7.9% interest in the asset for C$187 million (about $144m).

Spot prices have doubled from lows of $28 per pound last year to $64 in April, motivating the reactivation of projects that were set aside after a 2011 earthquake and tsunami crippled Japan’s Fukushima nuclear power plant.

Cameco is also restarting its McArthur River mine and Key Lake mill this year, which have been on care and maintenance since mid-2018.

“Things are moving very quickly in our industry, and we’re seeing countries and companies turn to nuclear with an appetite that I’m not sure I’ve ever seen in my four decades in this business,” CEO Tim Gitzel said on a May 5 earnings call.

For years, Canada was the world’s largest uranium producer, accounting for about 22% of world output, but in 2009, was overtaken by Kazakhstan.

 

[JohnDe]

​

After years of depressed prices and halted production, the uranium market is experiencing a revival

I've read that a few times over the past several years.

 

[JohnDe]

Uranium futures fell to $48/lb in mid-May, the lowest in nearly three months as uncertainty in energy markets heightened volatility for nuclear fuel. Prices were pressured by recession fears amid worries that higher interest rates could dampen the demand for energy worldwide, exacerbating growth concerns in China due to strict Covid lockdowns that led uranium prices to sharply decline from 11-year highs in late April. Still, prices remain nearly 20% higher than levels before Russia’s invasion of Ukraine, as lingering concerns of sanctions against nuclear fuels led Western utilities to scrap for long-term contracts with alternative uranium converters and enrichers, well above their current capacity. As of 2020, Russia was responsible for 43% of the world’s uranium enrichment, by far the largest share of a single country.

Uranium - Price - Chart - Historical Data - News

Uranium increased 10.95 USD/LBS or 12.03% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium - values, historical data, forecasts and news - updated on February of 2024.

tradingeconomics.com

 

[Sean K]

Uranium coming back due to the US stating that they need to source internally instead of using Russia. Biden is throwing $$ at it apparently.

A timely post on YouTube.

 

[Sean K]

I wonder if this consolidation will result in a similar move after the last one from Sep-Mar.

 

[JohnDe]

I wonder if this consolidation will result in a similar move after the last one from Sep-Mar.

View attachment 143834

View attachment 143833

Macquarie have some interest in AURA ENERGY LIMITED, and have increased ownership.

Form 603 – Notice of initial substantial holder

We enclose an updated notice of initial substantial holder for Aura Energy Limited (AEE.AX), which was initially filed on June 24th 2022.

The previous notice included an incorrect disclosure of voting power.

Macquarie Group Limited’s voting power was 5.12% when we became a substantial holder on 21 June 2022, not the originally disclosed 5.33%.

 

[Stockbailx]

Any concerns or interested into the outlook of Uranium in 2022, read this is what Analyst had to say from Uranium Investment News;

https://invst.news/wp-json/inn/v1/user-reports?user_id=386799&dtd=127925&get=pdf&tkn=613e94602e36c2.40868342

 

[peter2]

Something's afoot in the uranium market. The uranium ETF - URA had a big up day yesterday. This induced buying in the ASX uranium stocks. I notice that the pre-market price for URA is up another 3% before the open.


What's the gossip Watson?

 

[frugal.rock]

The watchlist today.
60% green, 40% flat, 0% red.

 

[frugal.rock]

What's the gossip Watson?

General energy scramble?
Dutton was banging on about it a couple of weeks ago?
That time of the year again...

 

[peter2]

The news that got the uranium sector jumping was about Japan restarting their nuclear power sector to stabilise their energy supply. POU jumps +10%.