Uranium Report -Wednesday May 17, 2023
Greetings uranium friends,
today uranium stocks in Canada and U.S. finished mixed but still the majority in positive territory, probably following genareal markets indices like Dow which rallied 400 points on debt ceiling deal optimism. Australian uranium stocks finished in deep red teritory. Spot price made a small move with 17c up. I have added some stocks on weakness today - small position in Pegasus Resources $pega - my new position, and added more Goviex Uranium $gxu.
If this weakness persists the plan is to deploy some more capital in some #uranium stocks, probably small cap juniors - lottery tickets. since majority of my #uranium portofilo are developers and/or producers.
📝 #uranium Spot price by Numerco:
📝 US/CANADA URANIUM STOCKS PERFORMANCE
34 finished in green territory,
28 stocks flat
14 stocks finished in red territory.
The winner of the day is Anfield Energy with 18.18% gain and loser of the day is Atomic Minerals with 20.00% loss.
📝 AUSTRALIA URANIUM STOCKS PERFORMANCE
5 finished in green territory,
20 stocks flat ,
16 stocks finished in red territory.
The winner of the day is Eclipse Metals with 7.14% gain and loser of the day GTI Resources with 11.11% loss.
📝 Alliance calls for greater European support for nuclear
Nuclear could provide up to 150 GWe of generating capacity by 2050 in the European Union, according to a statement issued by 16 European countries following a meeting in Paris with European Commissioner for Energy Kadri Simson. The so-called Nuclear Alliance called on the European Commission to recognise nuclear energy in the EU's energy strategy and relevant policies.
📝 Westinghouse to supply new steam generators for Surry nuclear plant
Westinghouse Electric Company has signed a contract with Dominion Energy to design, engineer and manufacture six replacement steam generators for Surry nuclear power station in Virginia in the USA.
📝 Steel maker considers use of NuScale SMRs at its mills
NuScale Power has signed a memorandum of understanding (MoU) with North American steel manufacturer Nucor Corporation to explore the deployment of NuScale's VOYGR small modular nuclear reactor (SMR) power plants at Nucor's scrap-based Electric Arc Furnace (EAF) steel mills.
📝 Canadian-US cooperation on management of used fuel
Canada's Nuclear Waste Management Organization (NWMO) and the US Department of Energy have signed a Statement of Intent to cooperate on used nuclear fuel management.
📝 GoviEx's Muntanga Project in Zambia Ramps Up for 2023
Goviex announced yesterday that, following a successful drilling program in 2022 on its Muntanga uranium project in Zambia ("Muntanga Project"), it will expand the scope of the Feasibility Study for the Muntanga Project to include detailed engineering and design. The Company will also complete the project's Environmental and Social Impact Assessment ("ESIA") update and undertake additional drilling to target mineralisation extensions along sections at the project's Dibbwi East deposit.
📝 Traction Uranium Commissions Aurora Geosciences to Complete NI 43-101 Technical Report on Key Lake South Project
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) announces that it has engaged Aurora Geosciences Ltd. (“Aurora”) to complete a Technical Report in accordance with National Instrument 43-101on the Key Lake South Property (“KLS Property”).
📝 Stallion to acquire stake in Atha Energy’s basin claims in Saskatchewan
Stallion Discoveries has signed a letter of intent to acquire a 70% stake in Atha Energy’s mineral claims in the Western Athabasca Basin, Saskatchewan, Canada.
If Stallion agrees to proceed with the transaction, Stallion and Atha will also begin a joint venture (JV) on the project.
Stallion and Atha will respectively hold 70% and 30% stakes in the JV.
📝 Aura Energy invitation to participate in share purchase plan
Thank you for your attention.
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