Uranium Report -Tuesday May 30, 2023
Greetings my friends,
stocks were in deep red today mostly with the news of the day that Namibia is considering taking minority stakes in mining and petroleum production companies amid increasing concerns over local ownership of valuable resources.How do I see this? First of all I don't see that happening. Even if that happens, I don't see it as catastrophic news that will cause the companies that work there to fail. Profits will certainly decrease, but I believe that future operations will continue and each company will have the state as a minority shareholder (10%-20%) in the project. This is not new for uranium projects in Africa, we have the same situation in Niger where the government holds a 20% stake in the projects of the companies Goviex uranium and Global Atomic.
Today I have interviewed Lobo Tiggre, we had a ver long and great talk. I will publish that video tommorow or the day after tommorow. You can still send me questions for Stephen Roman from Global Atomic, I have him on my show tommorow.
📝 #uranium Spot price: 54.45 USD +0.10+0.18%
📝 US/CANADA URANIUM STOCKS PERFORMANCE
12 finished in green territory,
25 stocks flat
39 stocks finished in red territory.
The winner of the day is Rush Uranium with 66.67% gain and loser of the day is Ubique Minerals with 36.54% loss.
📝 AUSTRALIA URANIUM STOCKS PERFORMANCE
9 finished in green territory,
19 stocks flat ,
13 stocks finished in red territory.
The winner of the day is Valor Resources with 33.33% gain and loser of the day Eclipse metals with 7.14% loss.
📝Nucleoelectrica sets out plan for Atucha II repair
A life-size mock-up of the reactor and special tools have been designed and built ahead of the repair procedure which the operating company hopes will take place next month at Argentina's Atucha II nuclear power unit.
📝 Collaborations announced for fusion projects
General Atomics (GA) of the USA and Tokamak Energy of the UK have agreed to collaborate in the area of high temperature superconducting (HTS) technology for fusion energy and other industry applications. Meanwhile, Germany's Max Planck Institute for Plasma Physics will work with Proxima Fusion to further develop the stellarator concept.
📝 IAEA team completes Czech regulatory review
The Czech Republic is committed to maintaining and strengthening its robust regulatory framework for nuclear and radiation safety, an International Atomic Energy Agency (IAEA) team of experts has concluded. The Integrated Regulatory Review Service (IRRS) mission team identified areas for possible improvements.
📝 Vogtle 3 reaches full power
The unit is now in the final stages of start-up testing ahead of starting commercial operation and is expected to be declared in service next month..
📝Appia Rare Earths & Uranium Receives Positive Assays Results - Announces Plans to Proceed with the Acquisition of Ionic Clay Project, Brazil
Companyhas received a partial set of results from their 15 hole due diligence drilling program completed in April 2023 that confirm the continuity of grade between this representative sample and the Vendor's assay results on The Cachoeirinha Project (the "PCH Project") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil
📝 Purepoint Uranium Issues Stock Options
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (the "Company" or "Purepoint") today approved the issuance of a total of 8,850,000 options to its Board of Directors, management and certain staff members pursuant to the Company's Omnibus Equity Incentive Compensation Plan. The options are exercisable at a price of $0.05 per common share and expire on a date that is five years from the date of grant.
📝Skyharbour Signs Option Agreement with North Shore Energy Metals for South Falcon Uranium Property in the Athabasca Basin, Canada
Company announced that it has entered into an option agreement (the “Agreement”) with North Shore Energy Metals Ltd. (“North Shore” or the “Optionee”) which provides North Shore an earn-in option to acquire an initial 80% interest and up to a 100% interest in the South Falcon Property located in Saskatchewan, Canada (the “Property”). The Property contains eleven (11) mineral claims, comprising approximately 42,908 hectares. The Agreement provides North Shore an opportunity to earn an initial 80% interest in the claims over a three year period by fulfilling combined cash, share issuance and exploration expenditure commitments of CAD $5.3 million, with an option to purchase the remaining 20% for an additional CAD $10 million in cash and shares.
Thank you for your attention.
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