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Aura has been added to Sprott’s Uranium ETF in the latest rebalance. Approx 25m shares purchased.
Interesting and encouraging but don't see this lifting the sp much.....
The contacts this guy has does make a bid or sig JV more likely imo.
The Cherry on the cake.....Sweden issues permits AURA to extract Uranium Ore.
Aura now looking increasingly low risk high reward with the Swedish election news.
If Haggan is now in play, Aura market cap could conceivably go X10 and that’s without the incoming market cap boost that announcing Tiris will provide
"Sweden’s Social Democrats concede election defeat"
So it looks like a new coalition consisting of the Swedish Democrats, the Moderates, Christian Democrats and Liberals will be taking power in Sweden. In the run up to the elections the group had been labelled as 'the nation’s nuclear-friendly opposition bloc'
While this news is no guarantee that Uranium mining in Haggan (once considered the second largest undeveloped uranium resource in the world at 800 million pounds U3O8) will be given the green light, it is however a very interesting update but there's more;
"Von der Leyen promises critical raw materials act"
The European Commission president confirmed an upcoming legislative act to secure EU access to critical raw materials (CRMs) at home and from abroad in her ‘state of the union’ speech on Wednesday.
So it would appear the EU is starting to seriously consider where it will get all of its battery metals and rare earths from to realise its proposed switch to a green economy, note in the statement the inclusion of 'at home' which would imply mining these materials in their own countries.
Haggan doesn't just contain Uranium, it also has battery metals. Aura seems undervalued when only taking the Tiris project into consideration so where will we be heading if Haggan comes back into play? GLA
Uranium prices have surged to their highest level since Russia’s invasion of Ukraine sent convulsions through commodities markets, as the European energy crisis fuels bullish bets on the future of nuclear power.
The material known as “yellowcake” has jumped 7 per cent since mid-August to breach $50 a pound, a price last seen when many commodities were propelled higher by supply fears in the spring. Many market participants expect uranium to rise even further, with Bank of America predicting it will hit $70 a pound next year.
Typo!
Tiris!
Titus mine construction date to be announced this calendar year is what I read on the Australian forum
Populist Sweden Democrats seek ‘seismic’ election breakthrough, this Sunday is the electrion and the pro nuclear energy Sweden Democrats look like they are making ground or even win.
www.ft.com/content/2239a8c1-4fbc-4c29-b9fc-47d4898bfb1e
Interesting news, clearly a few big investors keen on AURA.
We need news from Sweden and a date for mine construction at Tigris to really move things on.
Aura getting closer to the mine announcement with todays news
Update. SUBMISSION OF EXPORT PRIOR AUTHORISATION EXPEDITES THE START URANIUM PRODUCTION AT TIRIS
https://d2ysp6t8sg26jc.cloudfront.net/2022-09-06/4009Y/51d94f2b3f43799e49e1fb19fa67a7e57a69eeea.html
https://world-nuclear.org/information-library/country-profiles/countries-g-n/japan-nuclear-power.aspx
A detailed history of Japanese Nuclear Power in the link with some dates for restarts but I believe the whole future of Nuclear Power in Japan rests on the current and future costs of generating electricity from gas or oil. Meanwhile there is the question of Uranium from Kazakhstan is it secure or free of Putin's influence?
Do we have a time frame for the resource upgrade works announcement?
Geiger, Sprott & Yellowcake all up 10%+ today, we've been hearing the 'not enough supply' story for a few years now, hopefully things will eventually come to a head and Uranium goes on a massive run.
From today's FT:
Japan is preparing a big shift on nuclear power, with Prime Minister Fumio Kishida announcing plans to look at the construction of new plants, in what would be a break with more than a decade of energy policy.
With energy prices soaring in the wake of Russia’s full-scale invasion of Ukraine, Kishida said Japan would restart more nuclear plants shut down after the 2011 Fukushima disaster and also study the development of next-generation reactors.
The prime minister had already announced the restart of some plants after Tokyo came close to suffering a power blackout this year, but his tentative plans for new nuclear reactors would be a U-turn on post-Fukushima policy."
Will the west buy uranium fuel from Kazakhstan or Russia? Good news for AURA imo.
Any Progress? Any news?
Apparently the info on my previous post is now incorrect
Solactive chaos
https://twitter.com/quakes99/status/1550490186651275267?t=P1BcP2-tjWbd9V-aJF3IXQ&s=19
https://twitter.com/quakes99/status/1550489452417409024?t=W2XUzrvkJNl-CjvL_daSaQ&s=19
Aura has been dropped from Solactive along with VMY
Breathtaking hypocrisy but it might help in the push for more Nuclear Power?
From today's DT
Brussels backs move to label gas and nuclear investments ‘green’
JAMES CRISPJOE BARNES
THE European Parliament has approved plans to allow gas and nuclear energy investments to be labelled “green” as Brussels battles to meet net zero targets.
A total of 328 MEPs voted in favour of the move yesterday, falling short of the 353 votes needed to block the new rules which will mean gas and nuclear power is included in Europe’s so-called “green taxonomy” from next year.
Nuclear and natural gas projects could now get subsidies and cheaper loans as a result of the European Commission’s proposal, which will become law unless 20 of the EU’s 27 member states oppose it.
Macquarie Bank Australia now owns 5% of AURA.
agreed d.monies, i believe the turmoil will continue but decent commodity plays will make it through to the other side, not so much the overvalued tech etc. Gold (and to some extent silver) will set off at some point but, to be fair, have held their ground this year (take away the paper market and they'd have left the station a while back).
Assuming the general population doesn't accept the next round of lockdown which will be rammed down our throats, hopefully the other side is sooner rather than later.
The markets currently suck though and we're in uncertain times, the 60/40 portfolio no longer works because bond allocation was supposed to counter a decline in stocks but they both go down together nowadays because people have lost faith in governments, Bitcoin with its hard coded limited supply has gone down with the stock market, gold isn't exactly shining and meanwhile all the loony Greta loving western leaders are currently upping their burning of coal.
It's all relative, Aura's average deposit depth of 5m may feed the leach circuit with 1500ppm material after screening where as Global Atomic's average deposit depth is 300m but yields 5267ppm, what's the capex and opex going to be on an underground mine vs Aura's shovel ready project? I guess it all boils down to the aisc at the end of the day and how technically challenging the mining will be.
The subject is still relevant but we are in wait and see mode at present.
Back over 10p please! A very good RNS re concentration results just not personally sure how rich the ore is when talking ppm?