Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.georginaenergy.com/projects/mt-winter/
The EP 155 Mt Winter Project, in the Northern Amadeus Basin, Northern Territory of Australia is considered by independent consultants to be one of the potentially most valuable Hydrogen, Helium and natural gas prospects in Australia.
The property is held by AIM listed Mosman Oil Gas Plc and Westmarket Oil Gas, a wholly owned subsidiary of Georgina Energy Plc, via a formal Farm-in agreement has rights to earn up to a 90% working interest with Operatorship.
aka
Interactive Prospect Targeting Holdings Plc (AIM:IPH
woodburne square
StratMin Global Resources Plc
From that RNS... the market will need confirmation of the renewal of the home office licence, as it expired on the 12th Jan 2023 before we see any real traction and interest.
Celadon will require receipt of confirmation from the Home Office that they have updated its current Home Office licence before they will be able to supply its GMP API to third parties. The Company is informing the Home Office of the receipt of its GMP registration. Celadon's current Home Office licence permits it to legally grow high-THC medicinal cannabis for the purpose of producing test batches of cannabis oil to support its application to the MHRA; during 2022, Celadon achieved seven successful harvests. Whilst there is no guarantee that the Home Office will update the current licence, nor any timeframe for this, the Directors are confident that the licence will be updated in due course. The Company has worked closely with the Home Office for four years, including securing updates to its licence, and had the conversation about updating the licence for GMP at the Home Office's last site inspection.
and from the proposed acquisition document dated 28th feb 2022.
On 23 July 2021, Vertigrow's subsidary, CPL received a Home Office Licence following approval from the Medicines and Healthcare products Regulatory Agency (the "MHRA") to apply for the licence, allowing it to legally grow medicinal cannabis in the UK for the purpose of producing test batches of cannabis oil to support its application to the MHRA for registration as a manufacturer of medicinal product APIs. This licence was renewed on 12 January 2022 for a 12 month period and as part of that renewal CPL changed its analytical testing partner. The process of obtaining this licensing is complex, took over two years, required material investment and is technically extensive. The Directors and Proposed Directors believe this is one of the first such Home Office Licences granted in the UK. Following the satisfactory production of test batches of cannabis oil, Celadon will apply for MHRA registration and if this is successfully received, Celadon will also apply for a new licence from the Home Office. Once received, the new Home Office licence would be required to be renewed annually. The receipt of MHRA registration and a new Home Office licence will enable the business to then supply medicinal cannabis (in the form of an API to manufacturers of finished medicinal products, which in this case is an extracted oil used in the finished pharmaceutical product) with a high THC content in the UK, allowing it an opportunity to enter what is expected to be a substantial, extensively regulated and fast-growing UK market.
monecor are placing agents - they take the shares, you see them issue a TR1 and then they carry on the process of selling them on - either to interested parties or into volume in the open market. It is one of the strings to their offering - they are not long term holders.
this would be blue, if they weren't unloading.
Encore awarded a contract to sell 100,000 pounds of natural uranium concentrates (U3O8) to the Government of the United States, at a price of $70.50/pound, under the new Uranium Reserve Program.
https://encoreuranium.com/news/encore-energy-awarded-7-mm-usd-united-states-department-of-energy-uranium-reserve-contract-applies-to-join-haleu-consortium/
https://www.ur-energy.com/news-media/press-releases/detail/339/ur-energy-announces-additional-sales-commitments-success
Ur-Energy is also pleased to announce that the National Nuclear Security Administration ("NNSA"), a semi-autonomous agency of the Department of Energy, has awarded the Company, through its wholly owned subsidiary Lost Creek ISR, LLC, a contract to sell 100,000 pounds of domestically produced U3O8 to the national Uranium Reserve at a sales price of $64.47 per pound. Ur-Energy will provide the material for this one-time purchase from its existing U.S. produced inventory of 324,000 pounds.
Total revenue of $6,447,000 will be realized in March 2023 after the material is delivered to the NNSA. The strong price of the sale is an indication of the value of domestically produced uranium compared to published global prices and is likely an indication that domestic inventories are in short supply.
footage of the akatara project progress on line - month of november...
https://www.jadestone-energy.com/wp-content/uploads/2022/12/Akatara-Development-Site-Footage-November-2022.mp4
https://www.fnarena.com/index.php/2022/12/13/uranium-week-the-russia-factor/
One non-US utility issued a Request for Proposals on November 24, seeking over 5mlbs U3O8 equivalent contained in enriched uranium product, TradeTech reports. The utility is requesting material be delivered between 2023 and 2027, with optional quantities in 2028 through 2030, and has specified that the material be non-Russian in origin.
Increasing inquiries from utilities, along with expectations by sellers that prices will rise in the future, means that utilities are seeing a narrower range of pricing than what has been offered in recent months. Sellers are not only focusing on the price in their offers but are seeking longer-term commitments that extend beyond five years and preferably ten years.
Based on recently concluded transactions, TradeTech notes buyers have shown a willingness to meet sellers at the current price level. Buyers who are confining their purchases to the mid-term delivery period are seeing not only higher prices due to tightness of supply, but tighter terms around quantity flexibility.
That said, TradeTech’s term price indicators remain at US$51.00/lb (mid) and US$53.00/lb (long).
Meanwhile…
With all the action in term uranium markets, and further investment apparently drying up in the Sprott Physical Uranium Trust, the spot uranium market appears to have all but closed down for the year.
Virtual investor conference with andre - streamed 8th Nov 22
hTtps://www.youtube.com/watch?v=8861WIlEukQ
2021 Annual report, Operational Review - page 64
https://www.jadestone-energy.com/wp-content/uploads/2022/06/JSAR21_Website_Version.pdf
In Q3 2022, the 50H and 51H infill development wells are scheduled to be drilled. These development wells are anticipated to complete and come onstream in Q4 2022, and are expected to add around 1,000 bbls/d to current production levels.
malcy blog today....
Nothing much new here from Jadestone but as ever a detailed and helpful analysis of the situation at Montara which is clearly going the distance but will make for a good 2023. Elsewhere the numbers are good with high volumes ensuring that the year finishes as well as possible under the circumstances. I’m looking forward to some activity on the M&A front…
if all goes to plan and with potential oil market uplifts that could take place, this could be back to a quid a share in no time at all - confirmation of montara back online and confirmation of receipt of funds from the lift on the recent acquisition could easily move the stock towards that level before end of year.
I routinely traded the range over the recent times...that being, buying in at 15% to 20% discount to NAV and then selling as it approached below 5% NAV.
Lately we have stayed below 5% Nav with the range being 3% down to less than 1%- with uranium sitting at 50 and the contracting cycle getting every closer, it is possible that bar an outright market wide sell off, we won't see the 20% discount for some time.
Yellowcake is still an equity and at the mercy of the market and we are seeing the cable rate affect the NAV also, so that is also worth keeping an eye on.
Macro backdrop for yellowcake is supportive of the price and even with currency/spot movements, we are fairly well supported, at the current price - a market wide sell off should still see solid support maintained at £4 a share, if it gets that low -
as rogue points out uranium trend is key - as it is decoupled from the rest of the market and won't budge much, if at all, even if the rest of the market goes to hell in a hand cart.
Whenever I have taken profits here, I am usually far more worried about not having a position, than having one and seeing it drop, due to the uranium market fundamentals
I have re-entered again today, just before the close at 431, after trading the run from 431 to 442 yesterday.