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  • Writer's picturetriANGLE INVESTOR

Uranium Report, Wednesday July 12, 2023



Greetings my friends,


another solid day for most uranium stocks. General markets, especially the S&P 500 was in rally mode, underpinned by hopes that the Federal Reserve could deliver its final rate hike later this month after data showed inflation slowed more than expected in June.

The S&P 500 rose 0.8%, the Dow Jones Industrial Average rose 0.38%, or 120 points, and the Nasdaq was up 1.2%.

BylLooking at the charts for certain uranium stocks, it could be concluded that a slightly more favorable period is ahead of us. I personally am not a technical analyst, I leave that to others but know some basics of how to rerad a chart.

One of the great people for this is my friend Kasper, known on Twitter as USELINk. You have a chart for Encore Energy so see what he thinks about where Encore is going next. Enjoy the newsletter.



 

MARKET DATA



📝 US/CANADA URANIUM STOCKS PERFORMANCE


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


33 finished in green territory,


31 stocks flat


12 stocks finished in red territory.



The winner of the day is Appia Rare Earths&Uranium with 27.59% gain and loser of the day is Traction Exploration with 17.14% loss.






 

📝 AUSTRALIA URANIUM STOCKS PERFORMANCE



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


11 finished in green territory,


16 stocks flat ,


14 stocks finished in red territory.


The winner of the day is Toro Energy with 11.11% gain and loser of the day Calduron Energy with 14.29% loss.








 

INDUSTRY NEWS


📝MHI to develop Japanese fast reactor


Mitsubishi Heavy Industries (MHI) has been selected by the Japanese government to lead the conceptual design of a demonstration sodium-cooled fast reactor that is to enter operation in the 2040s.

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

 

📝Polish government approves first nuclear power plant


Poland's Ministry of Climate and Environment has given a decision-in-principle for Polskie Elektrownie Jądrowe (PEJ) to construct a nuclear power plant in Pomerania. It is a formal confirmation that the company's investment project is in line with the public interest and the policies pursued by the state, including energy policy.

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

 

📝 South Korea considering new nuclear plants


South Korea's Ministry of Industry is to review the need for new nuclear power plants to expand the country's power supply to meet predicted increased demand for electricity.


 

📝Oklo plans to go public and 'accelerate business plan'


Oklo is to go public by merging with AltC Acquisition Corp - co-founded by Oklo chairman Sam Altman - in a deal which values the company at USD850 million.

 

COMPANY NEWS




📝 Uranium Energy Completes Restart Program at the Christensen Ranch ISR Project in Wyoming


Uranium Energy Corp (NYSE American: UEC) ("UEC" or the "Company") is pleased to announce the Company's plan to accelerate the steps required for a resumption of operations has been completed, enabling a faster restart at the Christensen Ranch in-situ recovery ("ISR") Project in Wyoming.


Amir Adnani, President and CEO stated: "With demand increasing for uranium supply from stable geopolitical jurisdictions and U.S. national security objectives, we foresee an increasingly urgent need for domestic uranium supply. The fundamental drivers of supply and demand, including pending legislation to ban Russian uranium imports to the United States, are translating into rising uranium prices that have accelerated UEC's production readiness program. In that regard, we have been working towards restarting production to fulfill the need for domestic uranium and are pleased to provide an update on activities related to resuming operations at the Company's Christensen Ranch ISR uranium operations in Johnson County, Wyoming."

 

📝Blue Sky Uranium Increases and Closes 2nd and Final Tranche of Non-Brokered Private Placement


Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce it has closed the oversubscribed 2nd and final tranche of the non-brokered private placement financing announced on June 8, 2023, consisting of 7,861,032 units in this tranche at a price of $0.075 per unit for gross proceeds of $589,577.40. In total the Company issued 21,333,333 units for total gross proceeds of $1,600,000.


Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.)

Blue Sky Uranium Corp. Logo (CNW Group/Blue Sky Uranium Corp.)

Each unit consists of one common share and one transferrable common share purchase warrant (the "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at $0.12 per share for three years from the date of issue, expiring on July 12, 2026, in this 2nd and final tranche.




 

TECHICAL ANALYSIS BY UseliNk - TA @uselinkinv



✍️Kasper has prepared us a great chart for enCore Energy $eu $eu.v, with, like he said, great entry point. Have a look.


  • 📝 $eu 1H


  • 📝 $eu 1D






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 contetnt is only for educational and/or entertainment purposes. Do your own deep research before making any financial decisions. I may own stocks mentioned in this content.

Investment in stocks can lead to a big financial loss so do not invest or listen to any advices before you consult your financial advisor.




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