Five of the Top Uranium Stocks to Own Heading into New Year 2023 November 15, 2022 - Baystreet.ca Global uranium shortages and a resurgence of nuclear power could send prices up 25% by 2030, as noted by S&P Global Market Intelligence. “The U.S., Japan and several EU countries have announced plans to extend the life of nuclear power plants and even expand fleets instead of shuttering them as scheduled, creating a potential boom for uranium producers. Meanwhile, nuclear fuel buyers are looking to purchase fuel from outside of Russia and Kazakhstan, both major suppliers in today's market, after Russia's invasion of Ukraine.” That being said, investors may want to keep an eye on uranium stocks, such as Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE), and Ur-Energy Inc. (TSX: URE) (NYSE: URG). Plus, "We're seeing governments and companies return to nuclear with an appetite that I'm not sure I've ever seen in my four decades in this business," Tim Gitzel, Cameco president and CEO, said, as also quoted by S&P Global. Look at Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), For Example Anfield Energy Inc. announce that it has entered into a definitive agreement with Wayne Minerals Inc. to acquire a 100% interest in 50 unpatented mining claims in the uranium-rich Artillery Peak project area, located in Mohave County, Arizona. The Claims are adjacent to Anfield’s current project in the Date Creek Basin and increase Anfield’s uranium asset acreage in the area. Historical records indicate a potential uranium resource in the Artillery Peak/Date Creek Basin area of approximately 2.8 million pounds of U308*. Beginning in the 1950s, significant exploration work was completed in the Artillery Peak area, including over 400 holes drilled by Jacquays Mining, Homestake Mining, Hecla Mining, Getty Oil, Public Service Company of Oklahoma, and Santa Fe Mining. The Claims are also in the vicinity of the Anderson Uranium Mine. Anfield will be engaging an engineering firm to review the associated data with both sets of claims to assess the resource prospects for the combined projects. Corey Dias, Anfield’s CEO commented: “As part of an overall production strategy, we continue to expand our conventional uranium and vanadium assets through strategic tuck-in acquisitions, such as the Artillery Peak Claims. Our aim is to pursue assets to fit both near-term and longer-term production strategies. The near-term strategy centers on our Colorado and Utah uranium and vanadium mines underpinned by our wholly-owned Shootaring Canyon mill, one of only 3 licensed mills in the U.S. The longer-term production strategy is to acquire complementary assets with potential to feed additional pounds to our Shootaring Canyon mill.” As consideration for the Claims, WMI will receive $150,000 in cash, 25 million common shares of Anfield and a 3% net smelter royalty (NSR) on uranium production from the Claims. Anfield will be able to buy back the royalty for $150,000 per percentage point. Completion of the acquisition of the Claims, and the issuance of the Consideration Shares, remains subject to the approval of the TSX Venture Exchange. Following issuance, the Consideration Shares will be subject to statutory restrictions on resale for a period of four-months-and-one-day. No finders’ fees or commissions are owing by the Company in connection with the acquisition of the Claims. Other related developments from around the markets include: Uranium Energy Corp. announced that it has completed its previously announced acquisition of the Roughrider uranium development project located in the Athabasca Basin in Saskatchewan, Canada from a subsidiary of Rio Tinto plc. Amir Adnani, President and CEO of UEC, stated: “We are pleased to welcome Rio Tinto as a new shareholder and value their vote of confidence in choosing to complete this transaction with UEC. With the acquisitions of Uranium One Americas, UEX and now Rio Tinto’s Roughrider project, we have created an unrivalled, pure play uranium company. Our two-pronged approach combines best in-class 1) U.S. ISR production, and 2) Canadian high-grade conventional pipeline. We see unprecedented growth taking place in nuclear energy and growing demand for uranium, driven by net-zero goals and global decarbonization initiatives. With this backdrop, UEC offers un-encumbered and un-hedged exposure for investors and is positioned as a reliable supplier of uranium to western utilities with the largest diversified North American focused projects and resources.” Energy Fuels Inc., a leading U.S. producer of uranium and rare earth elements announced that it has entered into a definitive agreement to sell three wholly-owned subsidiaries that together hold Energy Fuels' Alta Mesa ISR Project to enCore Energy for total consideration of $120 million. The Transaction is expected to close by the end of 2022 or early 2023. The Transaction is significant for the Company, as the cash received is expected to fully finance much of the Company's uranium, REE, vanadium and medical isotope business plans for the next two to three years without diluting shareholders. These plans may include: Ramping-up uranium production at one or more of the White Mesa Mill, the Nichols Ranch ISR Project, the Pinyon Plain mine, the La Sal Complex, and/or the Whirlwind mine which total up to two (2) million pounds of U3O8 per year of near-term, lower cost U.S. production capacity in order to fulfill commitments under existing and future long-term uranium supply agreements and as market conditions may warrant; Accelerating the licensing and development of the Company's larger-scale uranium mines, including the Sheep Mountain, Roca Honda, and/or Bullfrog projects, which together will add over five (5) million pounds of production capacity in the next several years; Establishing an "ore purchasing" program to secure additional feed to the White Mesa Mill, from others in the region as uranium mining picks up in the region, thereby maximizing the facility's existing eight (8) million pounds per year licensed uranium production capacity and having sole ownership of this production. NexGen Energy Ltd. announced the release of its 2021 Sustainability Report on the Company's website www.nexgenenergy.ca in the "Responsible Development" section. The Report highlights specific programs, initiatives, and organizational frameworks that NexGen has created or expanded upon to deliver as much positivity as possible for as many people as possible. Leigh Curyer, Chief Executive Officer commented: "The principles of NexGen's approach to sustainability aren't dependent on the stage of our development – it's a focus that's embedded into our daily business decision making across the organization. The Report demonstrates seamless integration of sustainability across all areas of people and project development, execution and operations, and long-term strategic planning. It reflects NexGen's 'elite standards' approach to everything we do and is a great insight into the philosophy of how we've conducted our business since inception." Ur-Energy Inc. announced that it has signed a multi-year sales agreement with a leading U.S. nuclear utility to supply uranium produced from a project owned and operated by the Company's U.S. subsidiaries, including Lost Creek. Completing this supply agreement marks the first step of Ur-Energy's strategic product marketing plan by which the Company intends to commit a portion of its future uranium production into term sales agreements with U.S. based nuclear utilities. This initial agreement calls for the annual delivery of a base amount of 200,000 pounds of uranium concentrates over a six-year period beginning in the second half of 2023. Sales prices are anticipated to be profitable on a Company-wide, all-in cost basis and are escalated annually from the initial pricing in 2023. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Anfield Energy Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of Anfield Energy Inc. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972Ty@wallstreetnation.com
Five of the Top Uranium Stocks to Own Heading into New Year 2023 November 15, 2022 - Baystreet.ca Global uranium shortages and a resurgence of nuclear power could send prices up 25% by 2030, as noted by S&P Global Market Intelligence. “The U.S., Japan and several EU countries have announced plans to extend the life of nuclear power plants and even expand fleets instead of shuttering them as scheduled, creating a potential boom for uranium producers. Meanwhile, nuclear fuel buyers are looking to purchase fuel from outside of Russia and Kazakhstan, both major suppliers in today's market, after Russia's invasion of Ukraine.” That being said, investors may want to keep an eye on uranium stocks, such as Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE), and Ur-Energy Inc. (TSX: URE) (NYSE: URG). Plus, "We're seeing governments and companies return to nuclear with an appetite that I'm not sure I've ever seen in my four decades in this business," Tim Gitzel, Cameco president and CEO, said, as also quoted by S&P Global. Look at Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), For Example Anfield Energy Inc. announce that it has entered into a definitive agreement with Wayne Minerals Inc. to acquire a 100% interest in 50 unpatented mining claims in the uranium-rich Artillery Peak project area, located in Mohave County, Arizona. The Claims are adjacent to Anfield’s current project in the Date Creek Basin and increase Anfield’s uranium asset acreage in the area. Historical records indicate a potential uranium resource in the Artillery Peak/Date Creek Basin area of approximately 2.8 million pounds of U308*. Beginning in the 1950s, significant exploration work was completed in the Artillery Peak area, including over 400 holes drilled by Jacquays Mining, Homestake Mining, Hecla Mining, Getty Oil, Public Service Company of Oklahoma, and Santa Fe Mining. The Claims are also in the vicinity of the Anderson Uranium Mine. Anfield will be engaging an engineering firm to review the associated data with both sets of claims to assess the resource prospects for the combined projects. Corey Dias, Anfield’s CEO commented: “As part of an overall production strategy, we continue to expand our conventional uranium and vanadium assets through strategic tuck-in acquisitions, such as the Artillery Peak Claims. Our aim is to pursue assets to fit both near-term and longer-term production strategies. The near-term strategy centers on our Colorado and Utah uranium and vanadium mines underpinned by our wholly-owned Shootaring Canyon mill, one of only 3 licensed mills in the U.S. The longer-term production strategy is to acquire complementary assets with potential to feed additional pounds to our Shootaring Canyon mill.” As consideration for the Claims, WMI will receive $150,000 in cash, 25 million common shares of Anfield and a 3% net smelter royalty (NSR) on uranium production from the Claims. Anfield will be able to buy back the royalty for $150,000 per percentage point. Completion of the acquisition of the Claims, and the issuance of the Consideration Shares, remains subject to the approval of the TSX Venture Exchange. Following issuance, the Consideration Shares will be subject to statutory restrictions on resale for a period of four-months-and-one-day. No finders’ fees or commissions are owing by the Company in connection with the acquisition of the Claims. Other related developments from around the markets include: Uranium Energy Corp. announced that it has completed its previously announced acquisition of the Roughrider uranium development project located in the Athabasca Basin in Saskatchewan, Canada from a subsidiary of Rio Tinto plc. Amir Adnani, President and CEO of UEC, stated: “We are pleased to welcome Rio Tinto as a new shareholder and value their vote of confidence in choosing to complete this transaction with UEC. With the acquisitions of Uranium One Americas, UEX and now Rio Tinto’s Roughrider project, we have created an unrivalled, pure play uranium company. Our two-pronged approach combines best in-class 1) U.S. ISR production, and 2) Canadian high-grade conventional pipeline. We see unprecedented growth taking place in nuclear energy and growing demand for uranium, driven by net-zero goals and global decarbonization initiatives. With this backdrop, UEC offers un-encumbered and un-hedged exposure for investors and is positioned as a reliable supplier of uranium to western utilities with the largest diversified North American focused projects and resources.” Energy Fuels Inc., a leading U.S. producer of uranium and rare earth elements announced that it has entered into a definitive agreement to sell three wholly-owned subsidiaries that together hold Energy Fuels' Alta Mesa ISR Project to enCore Energy for total consideration of $120 million. The Transaction is expected to close by the end of 2022 or early 2023. The Transaction is significant for the Company, as the cash received is expected to fully finance much of the Company's uranium, REE, vanadium and medical isotope business plans for the next two to three years without diluting shareholders. These plans may include: Ramping-up uranium production at one or more of the White Mesa Mill, the Nichols Ranch ISR Project, the Pinyon Plain mine, the La Sal Complex, and/or the Whirlwind mine which total up to two (2) million pounds of U3O8 per year of near-term, lower cost U.S. production capacity in order to fulfill commitments under existing and future long-term uranium supply agreements and as market conditions may warrant; Accelerating the licensing and development of the Company's larger-scale uranium mines, including the Sheep Mountain, Roca Honda, and/or Bullfrog projects, which together will add over five (5) million pounds of production capacity in the next several years; Establishing an "ore purchasing" program to secure additional feed to the White Mesa Mill, from others in the region as uranium mining picks up in the region, thereby maximizing the facility's existing eight (8) million pounds per year licensed uranium production capacity and having sole ownership of this production. NexGen Energy Ltd. announced the release of its 2021 Sustainability Report on the Company's website www.nexgenenergy.ca in the "Responsible Development" section. The Report highlights specific programs, initiatives, and organizational frameworks that NexGen has created or expanded upon to deliver as much positivity as possible for as many people as possible. Leigh Curyer, Chief Executive Officer commented: "The principles of NexGen's approach to sustainability aren't dependent on the stage of our development – it's a focus that's embedded into our daily business decision making across the organization. The Report demonstrates seamless integration of sustainability across all areas of people and project development, execution and operations, and long-term strategic planning. It reflects NexGen's 'elite standards' approach to everything we do and is a great insight into the philosophy of how we've conducted our business since inception." Ur-Energy Inc. announced that it has signed a multi-year sales agreement with a leading U.S. nuclear utility to supply uranium produced from a project owned and operated by the Company's U.S. subsidiaries, including Lost Creek. Completing this supply agreement marks the first step of Ur-Energy's strategic product marketing plan by which the Company intends to commit a portion of its future uranium production into term sales agreements with U.S. based nuclear utilities. This initial agreement calls for the annual delivery of a base amount of 200,000 pounds of uranium concentrates over a six-year period beginning in the second half of 2023. Sales prices are anticipated to be profitable on a Company-wide, all-in cost basis and are escalated annually from the initial pricing in 2023. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Anfield Energy Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of Anfield Energy Inc. Please click here for disclaimer. Contact: Ty Hoffer Winning Media281.804.7972Ty@wallstreetnation.com