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Uranium Report -Thursday April 27, 2023

Greetings dear friends,


strong day on US and Canada stock markets. Uranium stocks performed solid with some nice moves for certain names.

I would like to invite you to look at the recent published list of all publicly traded #uranium and #nuclearenergy related companies in one place.

Sorted alphabetical, 119 companies with their tickers, project locations, commodity profile and direct link to their website.



You can see it here:

https://www.triangle-investor.com/uranium-companies

Any comments, good or bad, are welcome.

Here is some data/news for today, enjoy.🤞

 

MARKET DATA


📝 US/CANADA URANIUM STOCKS PERFORMANCE


Out of the 76 #uranium / #nuclearenergy related stocks listed in #Canada and #US


39 finished in green territory,


23 stocks flat ,


14 stocks finished in red territory.


The winner of the day is Puranium Energy $ux with 26.32% gain and looser of the day is Trench Metals $tmc with 26.32% loss.





 

📝 AUSTRALIA URANIUM STOCKS PERFORMANCE


Out of the 41 #uranium / #nuclearenergy related stocks listed in #Australia,


19 finished in green territory,


12 stocks flat ,


10 stocks finished in red territory.


The winner of the day is Moab Minerals with 28.54% gain and looser of the day is Auking Mining with 7.81% loss.



 

INDUSTRY NEWS



Presidents address ceremony inaugurating Turkey's first nuclear plant



📝 Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin joined online as a ceremony was held to mark the arrival of first fuel for the Akkuyu nuclear power plant in Turkey.

Akkuyu is expected to operate for 80 years (Image: Turkey's Ministry of Energy)

The delivery of nuclear fuel is a significant one which marks the moment of officially becoming a nuclear power plant and also of Turkey being categorised as a country with nuclear energy capacity.

According to Turkey's energy ministry "the nuclear fuel, consisting of uranium pellets, was brought by air the night before from Russia, accompanied by high security measures ... the fuel was then loaded on three trucks and transported to the Akkuyu NPP site by land. The uranium pellets, which are transported in protective containers and whose radiation measurements are made, do not pose any security risk".

Hundreds of workers, officials and industry figures gathered in person for the event, with the two presidents addressing them via video link.

Source:https://www.world-nuclear-news.org/

 

📝 Dutch government allocates funding for nuclear programme


In its draft Climate Fund for 2024, the Dutch government has budgeted funds totalling EUR320 million (USD352 million) for the development of #nuclearenergy. The funds will be used for the preparation of the operational extension of the existing Borssele nuclear power plant, the construction of two new large reactors, the development of small modular reactors (SMRs) and for nuclear skills development in the Netherlands.



The existing Borssele plant (Image: ANVS)

In December 2021, the Netherlands' new coalition government placed nuclear power at the heart of its climate and energy policy. Based on preliminary plans, two new reactors will be completed around 2035 and each will have a capacity of 1000-1650 MWe. The two reactors would provide 9-13% of the Netherlands' electricity production in 2035. The cabinet announced in December 2022 that it currently sees Borssele as the most suitable location for the construction of the new reactors.

Source:https://www.world-nuclear-news.org/

 

📝 French regulator approves EDF schedule for weld checks


France's #nuclear safety regulator, the Autorité de Sûreté Nucléaire (ASN), has approved EDF's revised programme to rectify stress corrosion issues at its French nuclear power plants. Under EDF's schedule, all welds identified as a priority will be checked within the next year.



Pipe elbow and adjacent welds which underwent a ten-yearly outage inspection in an N4 plant series (Image: ASN)

In December 2021, maintenance checks on the primary circuit of Civaux 1 revealed corrosion near the welds on pipes of the safety injection system. Checks were then carried out on the same equipment at unit 2, revealing similar defects. EDF decided to replace the affected parts, requiring an extended shutdown of the plant, and also take its two other N4 units at Chooz B offline to carry out similar checks.


In mid-January 2022, EDF announced that similar faults on the safety injection system pipe welds to those discovered at Civaux 1 had been found at Civaux 2 and Chooz B2. In addition, the ten-year in-service inspection at Penly 1 - one of twelve 1300 MWe-class units of the P4 series - also revealed stress corrosion. The discovery of cracking led to the need to carry out checks across much of its French fleet.

Source:https://www.world-nuclear-news.org/

 

COMPANY NEWS


📝 Fission Submits Application for License to Construct Uranium Mine and Mill Facility at the PLS Project, #Saskatchewan

Company aannounced a new, major milestone with an application to the Canadian Nuclear Safety Commission ("CNSC") for a license to construct a uranium mine and mill facility at the PLS high-grade uranium project in Canada's Athabasca Basin, Saskatchewan. Additionally, Fission has commenced the Front End Engineering Design ("FEED") and continues to advance the PLS Project on schedule, including the completion of the geotechnical drilling, hydrogeological holes, test pits as well as downhole Vertical Seismic Profiling ("VSP") geophysical surveys.


 

📝 Madison Metals Extends Closing of Khan Uranium Project in #Namibia


Madison Metals Inc. announced that the Company and an arm’s length vendor have mutually agreed to extend the closing of the Khan Project agreement covering Mining Licence 86A (“ML86A”) and Exclusive Prospecting Licence 8905 (“EPL-8905”) in #Namibia. ML86A and EPL-8905 are key strategic licences to expand Madison’s land holdings around producing uranium mines in the Namibian province of Erongo. Together, they form a contiguous land package of 7.86 km2 immediately southwest of the Rössing Mine


 


📝 Skyharbour Resources to Acquire 100% of South Dufferin Uranium Project from Denison Mines in the Athabasca Basin, Saskatchewan


Skyharbour Resources Ltd. $syh announced today that it has acquired 100% of the South Dufferin #Uranium Project from Denison Mines Corp. $dnn $dml. The South Dufferin Project comprises 12,282 hectares (30,349 acres) over nine claims in the #AthabascaBasin.

Under the terms of the Purchase Agreement, which is subject to TSX Venture Exchange approval, Skyharbour may acquire a 100% interest in the South Dufferin project in consideration for the issuance of 6,000,000 shares, 1,000,000 non-transferable share purchase warrants (the "Warrant"), and a cash payment totaling CAD $125,000. Each Warrant will entitle Denison to purchase one common share of Skyharbour for a period of two years at a price of $0.60 per share.


 


 

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Thank you for your attention.



triANGLE INVESTOR





 

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 blog/newsletter is only for educational and/or entertainment purposes. Do your own deep research before making any financial decisions.



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