Uranium Report -Friday May 26, 2023
Greetings my friends,
we reached the end of the week and uranium stocks continued to trade in their usual boring fashion, one step up, two steps down. Next week should bring us more liveliness with regards to Zuri and Sput but we'll see how it goes. Today I had a great interview with Daniel Major, he is the CEO of Goviex Uranium. We all know that the Goviex stock has been in free fall for a long time, but as a speculator, that fact is very attractive to me, and even though I have a position in Goviex, I add more every now and then due to the fact that they are undervalued by every standard that exists. Daniel is one of the smartest CEOs in the industry and a truly good CEO.
You can see the intervjew on my Youtube chanel here: https://youtu.be/9oyH5oiA_3c and please subscribe if you haven't already.
The next interview is on Wednesday with Stephen Roman from Global Atomic $glo so I would like to repeat that you can send me questions for him if you have any. You can submit questions to me either via Twitter or to this email: email@example.com
📝 #uranium Spot price
📝 US/CANADA URANIUM STOCKS PERFORMANCE
20 finished in green territory,
22 stocks flat
34 stocks finished in red territory.
The winner of the day is Ubique Minerals with 26.67% gain and loser of the day is Puranium Energy with 18.18% loss.
📝 AUSTRALIA URANIUM STOCKS PERFORMANCE
10 finished in green territory,
21 stocks flat ,
10 stocks finished in red territory.
The winner of the day is Argonaut Resources with 33.33% gain and loser of the day Advale Resources with 15.79% loss.
📝Regulators support international collaboration on SMR technology
Members of the International Nuclear Regulators' Association (INRA) have released a joint statement affirming their commitment to work together on generic design assessment and licensing of small modular reactor (SMR) technologies.
📝 Hungary says Paks II contract amendment has EU approval
The European Commission has approved the amendment of contracts "to speed up the investment" for the new Russian-built Paks II nuclear power project, Hungary's foreign minister Peter Szijjarto has said.
📝 Clean energy investments increasing fast: IEA
Nearly two-thirds of the USD2.8 trillion set to be invested globally in energy this year is expected to go to clean technologies including nuclear - but the impressive increase in clean energy investments is concentrated in a handful of countries, according to a newly released report from the International Energy Agency (IEA).
Westinghouse, Bechtel and PEJ push ahead on Poland AP1000
An agreement setting a plan for the delivery of Poland's first nuclear power plant has been signed by Westinghouse Electric Company, Bechtel and Polskie Elektrownie Jądrowe (PEJ).
📝 F3 and SKRR Announce Option Agreement for Clearwater West Property
F3 Uranium announced that, further to the news release dated April 10, 2023, it has entered into an option agreement with SKRR Exploration Inc. ('SKRR") respecting an option for SKRR to acquire up to a 70% interest in the Clearwater West Property. The Clearwater West Property is comprised of 3 contiguous mineral claims totaling 11,786 hectares.
The Clearwater West Project is located ~20km outside the edge and in the south-west area of the Athabasca Basin, which is poised to become the next area for the development of major uranium mines in Saskatchewan. It is 13 km south of Fission Uranium's Triple R deposit, located 7 km outside the basin edge on its PLS Property, where a Feasibility Study was recently completed, and 17 km south of NexGen's Arrow uranium deposit.
📝 Baselode Announces Closing of Second Tranche of Flow-Through Private Placement
Company announced today the closing of the second tranche of its previously announced non-brokered private placement (the “Offering”). Under the second tranche, the Company sold 385,538 flow-through units of the Company (the “FT Units”) at a price of C$0.48 per FT Unit for gross proceeds to the Company of C$185,058.24 (the “Offering”).
Each FT Unit consists of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share (each, a “Warrant Share”) at a price of C$0.70 at any time on or before May 24, 2025. The FT Shares and Warrant Shares will be subject to a hold period of four months expiring on September 26, 2023 in accordance with applicable securities laws.
The Company intends to use the proceeds raised from the Offering for exploration of the Company’s projects in the Athabasca Basin. Proceeds from the sale of FT Shares will be used to incur "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Income Tax Act. Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2023, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT Shares.
📝F3 Announces Closing of Private Placements for Aggregate Gross Proceeds of C$12 Million
Fr Uranium announced the closing of its previously announced "bought deal" private placement for aggregate gross proceeds of C$12.0 million. The Company sold 25,531,915 flow-through units of the Company at a price of C$0.47 per FT Unit.
Under the Brokered Private Placement, the Company sold 21,276,596 FT Units at the Offering Price for gross proceeds of C$10,000,000, which included the full exercise of the Underwriter's over-allotment option. Red Cloud Securities Inc. acted as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included Haywood Securities Inc., Sprott Capital Partners and Eight Capital Corp.
Under the Non-Brokered Private Placement, the Company sold 4,255,319 FT Units at the Offering Price for gross proceeds of C$2,000,000.
Each FT Unit consists of one common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall entitle the holder to purchase one Common Share at a price of C$0.47 at any time on or before May 26, 2026.
Thank you for your attention.
IMPORTANT DISCLAIMER: None of this content is a financial advice of any kind or solicitation to buy or sell any equities or other financial products. This contetnt is only for educational and/or entertainment purposes. Do your own deep research before making any financial decisions. I may own stocks mentioned in this content.
Investment in stocks can lead to a big financial loss so do not invest or listen to any advices before you consult your financial advisor.