Uranium Report, Thursday July 10, 2023
Greetings my friends,
finnaly more green then red for uranium as general markets were up on news that inflation in June expected to slow (but Fed likely will lift rates).
Tomorrow morning (my time morning) I will host Brandon Munro from Banermann Energy so if you have any questions you can still send them to me.
Here are some news from today.
📝 US/CANADA URANIUM STOCKS PERFORMANCE
36 finished in green territory,
27 stocks flat
13 stocks finished in red territory.
The winner of the day is Uravan Minerals with 120% gain and loser of the day is Red Lake with 25.00% loss.
📝 AUSTRALIA URANIUM STOCKS PERFORMANCE
7 finished in green territory,
18 stocks flat ,
16 stocks finished in red territory.
The winner of the day is Valor Resources with 33.33% gain and loser of the day GTI Resources with 12.50% loss.
📝NWMO makes recommendations on Canada's waste plans
Canada's Nuclear Waste Management Organization (NWMO) has submitted recommendations to the country's Minister of Natural Resources, Jonathan Wilkinson, for an Integrated Strategy for Radioactive Waste. In late 2020, the minister asked NWMO to lead a dialogue to develop the strategy.
📝Study into deep borehole disposal costs at Krško
The radioactive waste management organisations of Slovenia and Croatia have contracted Deep Isolation to deliver a cost study on potential borehole disposal of used fuel and high-level radioactive wastes from the Krško nuclear power plant.
📝 Turkey 'aiming for 20 GW of nuclear by 2050s'
Turkey is in talks with Russia, China and South Korea over its planned second and third nuclear power plants, and with the USA and United Kingdom over small modular reactors (SMRs), Energy Minister Alparslan Bayraktar is reported to have told a media briefing.
📝Canada bolsters emergency preparedness and response
Canada has made significant efforts to enhance its emergency preparedness and response framework for nuclear and radiological emergencies framework since an initial mission in 2019, an International Atomic Energy Agency (IAEA) follow-up mission has concluded.
📝 Anfield Energy Announces Closing of Private Placement Financing
Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that it has closed its brokered private placement in which it issued 81,820,000 units of the Company (“Units”) at a price of C$0.055 per Unit (the “Offering Price”), for aggregate gross proceeds of C$4,500,100 (the “Offering”).
The Offering was conducted by a syndicate of agents led by Haywood Securities Inc., and including Red Cloud Securities Inc. (collectively, the “Agents”). Management and directors of Anfield subscribed for an aggregate of 9,080,000 Units representing $499,400 of the gross proceeds of the Offering.
Each Unit was comprised of one common share in the capital of the Company (a “Share”) plus one-half of one Share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional Share (a “Warrant Share”) at an exercise price of C$0.085 until July 10, 2025.
📝enCore Energy Reports 19.9% Ownership of Nuclear Fuels Inc.
Company has received 9,263,800 shares of Nuclear Fuels Inc. (CSE: NF) (formerly Uravan Minerals Inc.) in exchange for shares of a private BC company (also named Nuclear Fuels) which held uranium projects in Wyoming and Arizona. (enCore NR dated Nov 3, 2022).
Immediately prior to the acquisition, enCore held 64,000 post-consolidated common shares of Nuclear Fuels Inc. (CSE:NF). Following the business transaction completion, enCore holds a total of 9,327,800 shares representing approximately 19.9% of the issued and outstanding common shares of Nuclear Fuels Inc.
enCore is holding the shares of Nuclear Fuels Inc. for investment purposes, and may, depending on market and other conditions, increase or decrease its beneficial ownership of the Company’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
📝 FISSION EXPANDS EXPLORATION TEAM AND APPOINTS INDUSTRY-LEADING URANIUM GEOLOGIST AS VP EXPLORATION
Company announced the appointment of Kanan Sarioglu , P.Geo., as Vice President of Exploration "VP Exploration", replacing Ray Ashley . Mr. Sarioglu is a professional geologist with over fifteen years of experience and several uranium discoveries under his belt. He began his uranium exploration career as part of the team responsible for delineation of the Michelin uranium deposit in Labrador, Canada . Mr. Sarioglu then joined the award-winning exploration team led by Fission CEO, Ross McElroy , starting with Fission's predecessor, Fission Energy, and played an instrumental role in the discovery of the J-Zone and Triple R uranium deposits. Most recently, he held the position of VP Exploration for 92 Energy and led his team in the discovery of its Gemini uranium discovery in the eastern Athabasca Basin region. Mr. Sarioglu is a registered professional geologist in the provinces of British Columbia , Alberta , and Saskatchewan .
✍️@MinerDeck metals weekly performance
Thank you for your attention.
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