Uranium Report -Tuesday May 23, 2023
Greetings my friends,
solid trading day for #uranium stocks is behind us especially if we look at the performance of commodities and major indicies, #Dow closed lower on growing jitters about a #U.S. default after lawmakers ended another round of debt-ceiling talks without a deal.
I have just finnished an interview with Keith Bodnarchuk from Cosa Resources $cosa which will be out tomorrow.
1. Stephen Roman, $glo
2. Daniel Major $gxu
3. Thomas Lamb $M.CN
If you have any specific questions for any of them you can send me a DM.
Also some big names also confirmed the interviews, stay tuned and please subscribe to my Youtube channel if youd did not already.
📝 #uranium Spot price by Numerco:
📝 US/CANADA URANIUM STOCKS PERFORMANCE
26 finished in green territory,
28 stocks flat
22 stocks finished in red territory.
The winner of the day is Northern Uranium with 50.00% gain and loser of the day is Standard Uranium with 14.29% loss.
📝 AUSTRALIA URANIUM STOCKS PERFORMANCE
20 finished in green territory,
17 stocks flat ,
4 stocks finished in red territory.
The winner of the day is GTI Resources with 14.29% gain and loser of the day Argonaut Resources with 25.00% loss.
📝 IAEA strengthens cooperation with China
Several agreements were signed between the International Atomic Energy Agency (IAEA) and Chinese entities during the opening day of IAEA Director General Rafael Mariano Grossi's first official visit to China since taking office in 2019.
📝 US micoreactor prototype prepares for testing
The full-scale replica of the US Department of Energy's (DOE) MARVEL microreactor has been moved from Idaho to a facility in Pennsylvania where it will be used to test the behaviour of sodium-potassium and lead-bismuth coolants.
📝 Permits granted for Belgian waste facilities
Ondraf/Niras, the Belgian agency for the management of radioactive waste, has been granted a permit to construct and operate a surface disposal facility for low- and intermediate-level, short-lived waste at the Dessel site in Belgium. Meanwhile, a new facility will be built at the site to store non-conditioned waste.
📝 New 3D printer will benefit nuclear industry, says Rosatom
The largest 3D printer of its type in Russia has been unveiled by Rusatom - Additive Technologies (RusAT), with claims it will "allow printing of large-sized parts of nuclear reactors" and reduce costs and manufacturing time.
📝 Global Atomic Updates Dasa's Mineral Resource Estimate
Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) announced today that the Company has updated its Mineral Resource Estimate ("MRE") for its Dasa Project in the Republic of Niger .
The new MRE was calculated by AMC Consultants, ("AMC"), of Perth , Western Australia , incorporating drill, probe and chemical assay data compiled from an extensive 16,000-meter drill program initiated in September 2021 , that focused on infill drilling to upgrade Inferred Resources to the higher resource classification of Indicated, which allows these resources to be included in an updated Mine Plan and Mineral Reserve.
📝 Uranium Energy Corp Commences S-K 1300 Initial Assessment Economic Study and Environmental Baseline Program for its Roughrider Project in Saskatchewan, Canada
Uranium Energy Corp announced that it has selected SLR Consulting (Canada) Ltd. (“SLR”) and Wood (Canada) Ltd. (“Wood”) to conduct an S-K 1300 Initial Assessment Economic Study (“S-K 1300 IAES”) for the Company’s 100% owned Roughrider Project (the “Project or “Roughrider”). Additionally, the Company has selected Canada North Environmental Services (“CanNorth”) to conduct environmental baseline work for the Roughrider Project.
The planned development work at the Roughrider Project will benefit from the prior work of former owner Rio Tinto including a thorough technical, community engagement and an environmental assessment and review process, albeit no longer current, with the Saskatchewan Ministry of Environment. (1)
SLR has been selected to lead the Company’s S-K 1300 IAES for the Project due to their experience in successfully advancing top tier uranium projects in the prolific Athabasca Basin.
The S-K 1300 IAES will focus on the capital and operating costs, construction and production schedule of the Roughrider Project through identified options and opportunities.
Wood has been selected to design a uranium processing facility and to compare against potential UEC toll milling options with third parties – see Figures 1 and 2 below.
CanNorth has started the baseline studies at the Roughrider Project. Previously, CanNorth was retained by Rio Tinto to conduct comprehensive environmental and heritage baseline investigations to thoroughly assess the environmental impact of the Roughrider Project and to prepare for future licensing and regulatory requirements. (1)
CanNorth is one of the largest environmental service providers in Western Canada and is 100% owned by Kitsaki Management Limited Partnership, the business arm of the Lac La Ronge Indian Band.
Helicopter support is being provided by Aberdeen Helicopters Ltd., which is 100% owned and operated by a member of Tri-River Métis Association and is in partnership with Athabasca Catering Ltd.
The Project has access to all-weather roads and power infrastructure. There is an airport accessible to the public at Points North Landing six kilometres from the deposit area.
Low carbon intensity design options will be utilized. There are high-voltage transmission lines, which brings hydro-electric generated power within 20 km of the Roughrider Project site, which will enable comparably low carbon production of uranium.
Total Project resources are 27.8 million lbs. U3O8 in 389,000 tonnes grading 3.25% U3O8 in the Indicated category and 36.0 million lbs. U3O8 in 359,000 tonnes grading 4.55% U3O8 in the Inferred category.
📝 GOVIEX ANNOUNCES TWO EDUCATIONAL PROGRAMS TO SUPPORT LOCAL EMPLOYMENT AT MUNTANGA, ZAMBIA
• The Back to School Project is run in partnership with the Zambian Ministry of Education
• The Youth Trainee Program is run by GoviEx and focuses on trade training of young
• These initiatives are part of GoviEx’s on-going focus on local employment and local
development as part of its ESG strategy
Thank you for your attention.
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