GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
https://www.foreignbrief.com/daily-news/russia-suspended-from-oecd-nuclear-energy-agency/
and...
We now expect to purchase between 12 million and 14 million pounds in the uranium segment this year (previously 11 million to 13 million pounds) in order to maintain a working inventory with some additional sales/delivery commitments for both 2022 and 2023.
https://s3-us-west-2.amazonaws.com/assets-us-west-2/quarterly/CCO-2022-Q1-MDA-FS-and-Notes.pdf
We continue to meet our sales commitments from a combination of production, inventory and purchases. In the first quarter, we produced 1.9 million pounds of uranium at Cigar Lake and purchased 2.3 million pounds. The average unit cost of our purchases was $53.48 per pound ($42.06 per pound (US)). We have started to bring forward some of the approximately 13 million pounds we secured under long-term fixed-price purchase arrangements.
The arrangements are risk mitigation and made in a lower price environment for delivery in the 2025 through 2028 timeframe. With McArthur River/Key Lake returning to operation, and the planned reduction in Cigar Lake production extending its mine life, our need for these pounds to mitigate risk has been reduced. We will continue to balance this activity with our spot market purchases
Dated 4th may
https://www.etfstrategy.com/sprott-to-bring-its-uranium-mining-etf-to-europe-10339/
Toronto-based Sprott Asset Management is preparing to launch an ETF in Europe providing exposure to companies in the uranium mining industry.
The Sprott Uranium Miners UCITS ETF will list on London Stock Exchange in US dollars (URNM LN) and pound sterling (URNP LN) later in May.
dated 29th april....Germany has thrown its weight behind demands to sanction uranium imports from Russia and other parts of Vladimir Putin's civil nuclear industry in retaliation for his invasion of Ukraine, five EU diplomats told POLITICO.
https://www.politico.eu/article/russia-nuclear-power-uranium-plants-europe-imports-germany-sanctions-ukraine-war/
https://www.energy.gov/sites/prod/files/2020/04/f74/Restoring%20America%27s%20Competitive%20Nuclear%20Advantage-Blue%20version%5B1%5D.pdf
Enable NRC to deny imports of nuclear fuel fabricated in Russia or China for national security purposes: The Working Group recognizes the importance of protecting the fuel fabrication subsector from erosion due to the strategic action of Russian or Chinese stateowned enterprises. The NRC currently provides general licenses for imports of nuclear material, including from Russia and China. The Russian state-owned enterprise, TVEL, began a project in 2008 to develop replacement fuel for U.S.-origin reactors operating in the United States. While this path is not currently being pursued, TVEL could develop such replacement fuel in the near future. If this occurs, the Working Group supports swift action, via Executive Order to limit or ban the import of nuclear fuel fabricated in Russia or China, on national security grounds, in so far as fuel imports adversely impact the physical and economic security of the United States.
https://www.malcysblog.com/2022/04/oil-price-jog-petrotal-afentra-hurricane-empyrean-and-finally/
This looks like a cracking deal by Paul McDade and team with the entry into Angola at a cost of some $4/bbl and break-even at some $35/bbl. This looks like it pays back in less than three years at $75 oil as a material shallow water production asset and yet the accretive deal also brings with it potential significant exploration upside.
Expect the documentation to be published by June/July so one can expect a resumption in dealing in the shares shortly after that. This is going to be one to watch, no doubt. I am hoping to catch up with Paul McDade next week but the webcast was very positive indeed, watch this space.
from 2021 accounts....
The Company maintains the majority of its cash resources in US Dollars and converts funds raised in Sterling
to US Dollars as soon as practicable. However, prior to funds from a capital raise being settled, the Company
is exposed to fluctuations in the GBP/USD exchange rate, but only for short durations.
Sprott Physical Uranium Trust has had its application for U.S. Stock Exchange Listing rejected.
https://www.globenewswire.com/news-release/2022/04/27/2430777/35395/en/Sprott-Physical-Uranium-Trust-Provides-Update-on-Application-for-U-S-Stock-Exchange-Listing.html
good to see progress -looks good at first glance...
Management Presentation - 10am Thursday 28 April
Afentra's management team will host a live audiocast presentation today at 10am to provide further details on the Acquisition and the assets.
The live audiocast can be accessed via the following link:
https://webcasting.buchanan.uk.com/broadcast/625eab44841dd838fd0be737
A playback of the audiocast will be made available on the website: www.afentraplc.com
Analysts and investors wishing to participate in the Q&A session can do so by submitting questions to afentra@buchanan.uk.com , or via the chat function of the live audiocast, and these will be addressed by management during the audiocast.
RNS - TR1 ETC down to zero is in relation to sprott...
hTTps://sec.report/Document/0001143362-22-000099/
Pursuant to the Plan of Reorganization between Exchange Traded Concepts Trust and Sprott Funds Trust, which became effective after the close on April 22, 2022, each shareholder of North Shore Global Uranium Mining ETF received shares of Sprott Uranium Miners ETF equal in aggregate value at the time of the Reorganization to the aggregate value of such shareholder's shares of North Shore Global Uranium Mining ETF. The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading on April 25, 2022.
https://twitter.com/quakes99/status/1518679234029363200?t=wne1tfBnlzRZ8CDtWYLlXA&s=19
see pdf in link above.
https://financialpost.com/globe-newswire/sprott-asset-management-announces-acquisition-of-assets-relating-to-the-north-shore-global-uranium-mining-etf
As global governments increasingly turn to nuclear energy to address the dual challenges of achieving energy transition and energy security, we expect demand for uranium to remain strong,” added Mr. Ciampaglia. “Uranium mining is critical to the clean energy transition and URNM provides investors with access to producers, developers, exploration companies as well as vehicles that hold physical uranium.”
This transaction adds approximately $1.1 billion of energy-transition related assets to Sprott’s total Assets Under Management (“AUM”) and establishes Sprott as the largest manager of uranium investments in the world1 with approximately $4.5 billion in uranium related, energy-transition AUM, as of April 21, 2022.
https://www.linkedin.com/pulse/why-we-expect-uranium-market-crescendo-2022-
All of this points to a market that will feel increasingly tight to fuel buyers in 2022 which provides us with conviction to answer the age-old question from investors contemplating opportunities, “Why now?” In our view the past year was just the warm-up act for our uranium bull thesis, and 2022 through 2023 will provide the real fireworks.
https://thedeepdive.ca/sprott-uranium-miners-etf-expected-to-launch-this-week/
It's happening folks!???? On Friday SEC/NYSE gave their blessing for North Shore Global #Uranium #Mining ETF to be reborn as '@Sprott Uranium Miners ETF' $URNM.?? ETF assets transferred to @Sprott, Bloomberg now quotes new name, official PR to market coming Monday