Uranium

Canadian regulators put Paladin Energy‘s (OTC:PALAD) acquisition of Fission Uranium (OTCQX:FCUUF) under review, citing national security concerns. What Happened: Paladin Energy agreed in June to acquire Fission Uranium for CAD 1.14 billion ($846 million). The Subiaco, Australia-based miner...

The Biden administration has initiated an investigation into the significant surge in enriched uranium imports from China. This move comes amid concerns that these imports may be a loophole for Russia to sidestep a U.S. import ban. What Happened: The U.S. government is examining a sudden increase...

In a recent development, North Korean leader Kim Jong Un inspected a uranium enrichment facility and called for an increase in the production of weapons-grade material. What Happened: Kim’s visit to the Nuclear Weapons Institute and a production base for weapon-grade nuclear materials was...

The week started with political proposals that will lead to production cuts and a reduced food supply. In the middle of the week, DKI released its new health care stock idea. Subscribers are already up around 20% in the name. The week ended with uranium production cuts and Fed Chairman, Powell,...

Uranium explorers are calling on Western Australian authorities to lift the ban on uranium mining to capitalize on rising global demand and prices. Australia holds nearly a third of the world's known uranium reserves, yet only two out of its eight states and territories, South Australia and the...

NexGen Energy (NYSE:NXE) has announced that construction costs for its Rook I uranium project in Saskatchewan have soared nearly 70% above the previous estimate from 2021. The updated capital cost now stands at $1.6 billion, up from around $950 million, showcasing the challenge of domestic uranium...

Long-term uranium contract prices have surged to over 16-year highs, driven by supply uncertainties and increasing demand, as the industry scrambles to prepare for powering AI data centers. Other factors, such as supply chain disruptions, geopolitical uncertainties, and environmental mining...

I spent some time on the Benzinga “Live Trading” show with Ryan Faloona and the crew last week talking about uranium stocks. Nuclear energy is attracting a lot of attention, including more than its share from traders. As a long-term investor and research-driven analyst, I might not be...

Premier American Uranium (PUR) (OTC:PAUIF), a uranium exploration and development company, is accelerating its growth strategy following the completion of a mineral resource estimate (MRE) for its Cebolleta project in New Mexico. The company accomplished this milestone 12 months ahead of schedule,...

The United States is set to invest up to $2.7 billion in domestically-supplied enriched uranium to bolster the supply chain for nuclear reactor fuel and reduce reliance on Russian imports. This initiative follows legislation signed by President Joe Biden in May, which also banned imports of...

Denison Mines Corp (NYSE:DNN), a Canadian uranium exploration, development and production company, recently earned a Strong Buy recommendation from technical analyst Clive Maund. The company is poised to become a "low-cost uranium producer in the coming years," according to Roth Capital Partners....

Direxion, a provider of tradeable and thematic ETFs, unveiled its latest offering Wednesday, the Direxion Daily Uranium Industry Bull 2X Shares (NYSE:URAA). This new ETF aims to deliver 200% of the daily performance — before fees and expenses — of the Solactive United States Uranium and Nuclear...

Australian uranium miner Paladin Energy (OTC:PALAD) is acquiring Canadian Fission Uranium Corp (OTCQX:FCUUF) for C$1.14 billion ($833 million) in an all-stock transaction. This transaction confirms the elevated mergers and acquisition trend amid a resurgence, with uranium prices doubling from an...

Uranium producer enCore Energy (NASDAQ:EU) has begun production at its Alta Mesa mine in South Texas. With this development, the company became the only U.S. producer with multiple operational uranium facilities. “The enCore team has advanced the Alta Mesa project from acquisition in...

President Joe Biden on Monday signed into law a ban on enriched uranium from Russia in the latest U.S. attempt to deprive Moscow of funding for its war in Ukraine. The move is a win for North American uranium mining companies that have been ramping up production in response to rising...