Uranium Report -Wednesday April 19, 2023.
Greetings my dear friends,
another not to exciting day for uranium equities is behind us.Here is a new batch of daily news about uranium, I hope you enjoy it.
US/CANADA URANIUM STOCKS PERFORMANCE
Out of the 76 uranium/nuclear energy related stocks listed in Canada and US,
17 finished in green territory,
18 stocks flat (some with no volume at all),
41 stocks finished in red territory.
The winner of the day is Pegausus Resources with 33.33% gain..
The looser of the day is Kiplin Metals with 26.85% loss.
AUSTRALIA URANIUM STOCKS PERFORMANCE
Out of the 41 uranium/nuclear energy related stocks listed in Australia,
11 finished in green territory,
16 stocks flat (13 with no volume at all),
14 stocks finished in red territory.
The winner of the day is Cauldron Energy Ltd with 16.67% gain and looser of the day is Havilah Resources Ltd. with 14.52% loss.
House hearing highlights rising bipartisan support for nuclear energy amid wave of policy actions
Members of a U.S. House of Representatives subcommittee on Tuesday pledged bipartisan support for the development of nuclear energy, while questioning the difficulty in disposing of spent fuel and the time required to build and license reactors.
“I called this hearing to set the table for what I hope will be bipartisan, durable policy-making in this Congress to expand American nuclear energy and its many benefits for the nation,” said Rep. Jeff Duncan, R-S.C., and chairman of the Energy, Climate and Grid Security subcommittee of the Energy and Commerce Committee.
Nuclear energy is the leading source of carbon-free electricity in the U.S. and is among the most reliable sources of power, he said. In addition, leadership in nuclear technology gives the U.S. “significant geopolitical advantage and leverage,” Duncan said.
“Despite this, growth in the U.S. nuclear industry has stagnated over the past decade,” he said. “China and Russia are seizing this opportunity and doubling down on their nuclear investments.”
Armond Cohen, executive director of the Clean Air Task Force, said “very broad support” for nuclear energy as a tool to fight climate change and promote energy security has brought policymakers to a “different place” than a few years ago.
Germany, Poland and others are pushing for new sanctions on Russia’s nuclear energy
Germany, Poland and a few other EU nations are pushing for sanctions on Russian nuclear energy, as the bloc looks at new ways to hurt the Kremlin’s revenues amid Moscow’s invasion of Ukraine.
The 27 European nations have sanctioned Russian seaborne oil, coal and significantly cut purchases of natural gas from Moscow in the wake of its war with Ukraine. However, some nations believe it is time to do more.
“Across the EU, we must keep making ourselves independent from Russia,” Robert Habeck, the German economy and climate minister, said over the weekend.
How bullish is this?
During the opening session of WNFC 2023, Maria Korsnick, President and CEO,
Some other interesting uranium/nuclear energy headlines in media:
- Terrestrial SMR completes Canadian pre-licensing review
- Bill in North Carolina legislature would define nuclear as source of clean energy
- Westinghouse Electric Company, Spanish engineering firm Tecnatom and US consulting and training services provider Accelerant Solutions have agreed to form the Nuclear Excellence Academy
- Watts Bar Nuclear Plant has safely begun its Unit 1 scheduled outage
- New documentary NUCLEAR NOW is in theaters April 28
We are starting the news section with great news from Denison Mines. Denison Mines is my second largest position after Global Atomic. This company has the most impressive portfolio of top class uranium projects in Athabasca Basin, Saskatchewan. Majority of investors are not aware of that Denison hold almost 40 projects and that is not all just Wheeler River, Mclean Lake, Waterbury and some other known projects. There is more, much more. I will cover Denison Mines in one of my first weekly newsletters with deep analysis on the company and all of their projects.
Denison will be (is) one of the must own uranium stocks when the uranium bull gets kicking again.
Denison Mines Announces Discovery of High-Grade Uranium Mineralization at Moon Lake South
Denison Mines reported that drill hole MS-23-10A intersected 1.38% eU3O8 over 8.7 metres (0.05% eU3O8 cut-off), including a sub-interval grading 2.88% eU3O8 over 3.1 m, intersected approximately 30 m above the unconformity in the Athabasca sandstone, as part of the recently completed winter exploration program at the Moon Lake South property ("Moon South").
Uranium mineralization was encountered in four of the six drill holes completed during the 2023 winter exploration program, which was designed to evaluate the strike length of low-grade mineralized occurrences identified in the 2021 and 2016 drill programs.
The most encouraging thing here is the fact that this high-grade material lies approximately 30 metres above the unconformity contact.
Unfortunately, and this is not the first time, the market did not respond to good news. Stock finished in red, just like many others.
The 2023 winter exploration program consisted of six completed diamond drill holes totalling 3,301 metres, designed to evaluate the potential to expand the footprint of known mineralization discovered in 2016 and 2021 by testing conductivity anomalies identified from the 2022 stepwise moving loop electromagnetic (SWML EM) survey.
Uranium mineralization was encountered in four of the six drill holes completed during the winter exploration program.
The mineralized intersections are summarized in this table.
Forsys Provides Update for the Norasa Project, Namibia, Commencement of Drill Program
Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) has commenced an updated drilling program at the Company’s Norasa Uranium Project sites (“Norasa Project” or “Norasa”) located in Namibia, Africa. The Norasa Project is wholly-owned by the Company’s subsidiary Valencia Uranium (Pty) Ltd. (“Valencia Uranium”) and comprises the Valencia Uranium Project (ML149) ("Valencia”) and the Namibplaas Uranium Project (EPL3638) (“Nambiplaas”) in the Erongo region of Namibia.
With the advancement of metallurgical, engineering and mining technology since drilling work was last undertaken for the Norasa Project’s Definitive Feasibility Study in 2015, the Company has started a 4,100 metres drilling program, which commenced on March 31, 2023. This program aims to retrieve fresh samples at depths of up to 420 meters from the slope areas for both the planned mining pits at Valencia and Namibplaas.
The focus of the drilling program is : geotechnical logging and sampling for geo-mechanical testing for optimizing pit designs; testing the continuity of mineralization for optimized resource modelling; sampling for metallurgical test work and for optimized processing design and resource block modelling of the orebodies;
Overview map Norasa 2023 drill campaign
MARVEL COMPLETES DRILL PROGRAM AT KLR-WALKER URANIUM PROJECT, ATHABASCA BASIN
Company reported the completion of its inaugural diamond drilling program at the DD and Highway Zone within the KLR-Walker Uranium Project (“the Property”) in the Athabasca Basin (Figure 1).
A total of 1,343 m was completed through 6 diamond drill holes. Two holes were completed at the Highway Zone and four holes were completed at the DD Zone. The average length of the drill holes was 224 m.
Anomalous radiation was intersected in every hole documented by a downhole probe and along core. A total of 303 samples have been sent for assay.
A summary table of downhole probe and core results.
Appia Begins Due Diligence on Rare Earths Ionic Clay Project, State of Goiás, Brazil
Appia Rare Earths & Uranium Company has begun a multi-phase due diligence process pursuant to the Letter Agreement (the "Letter Agreement") with 3S LTDA ("3S") and Beko Invest Ltd. ("Beko") referred to in the Press Release dated March 7, 2023 whereby the Company can acquire up to a 70% interest in The Cachoeirinha Project (the "PCH Project") located in the Tocantins Structural Province of the Brasília Fold Belt, Goiás State, Brazil.
Visit company website for more details: https://www.appiareu.com/
Mr. Bear spoke.
This one is the best, agreed 100%!!!
Thank you for your attention.
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