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Thu, Jan. 28, 4:43 PM
- Uranium spot prices likely will remain under pressure for the rest of the decade because of high inventory levels, recycling of already-mined uranium and the slow restart of Japan's nuclear reactors, Fitch Ratings forecasts.
- An extended period of oversupply has contributed to a major build-up in utilities' uranium stockpiles, with European utilities having enough fuel to last three years and Japanese utilities enough for 4-5 years, which will maintain pressure on prices as demand slowly recovers, Fitch says.
- Relevant stocks: CCJ, DNN, LEU, URRE, UEC, URG, UUUU.
- ETFs: URA, NLR
Nov. 10, 2015, 6:01 AM
- Uranium Resources (NASDAQ:URRE): Q3 EPS of $0.01 beats by $0.12.
Sep. 24, 2015, 2:57 PM
- Uranium Resources (URRE +5.8%) is higher after shareholders late yesterday voted in favor of expanding the number of authorized shares in order to move forward with the U.S. uranium miner's planned merger with Australia's Anatolia Energy.
- Under the terms of the proposed deal announced June 3, URRE will exchange 0.06579 of its share for each Anatolia share; once the deal is completed, URRE shareholders will own 59.4% of the combined companies.
- The merger still requires a positive vote by Anatolia shareholders at a meeting scheduled for Oct. 9, and also needs a sign off from the Federal Court of Australia.
Sep. 21, 2015, 12:41 PM
Aug. 14, 2015, 7:36 AM
- Uranium Resources (NASDAQ:URRE): Q2 EPS of -$0.15 misses by $0.04.
Aug. 10, 2015, 11:58 AM
- Japan is rejoining the countries using atomic power after the Fukushima nuclear disaster more than four years ago, as Kyushu Electric Power says it will begin bringing online the No. 1 reactor at its Sendai facility on Aug. 11, start power generation as early as Aug. 14 and return it to normal operations next month.
- The move is an important de-risking event for the uranium market, says BMO Capital analyst Edward Sterck: While "Japanese utilities are sitting on significant excess inventories, the fact that these will now start to be consumed [in Japan] should ease fears of sales from inventory,” and it shows there is a regulatory restart process in Japan that actually works, which clears the way for more.
- Relevant stocks: CCJ +4.1%, DNN +5.1%, LEU -1.3%, URRE +5.7%, UEC -1.5%, URG -2.7%, UUUU +8%.
- ETFs: URA, NLR
May 13, 2015, 9:10 AM
- Uranium Resources (NASDAQ:URRE): Q1 EPS of -$0.14 misses by $0.03.
Apr. 22, 2015, 12:30 PM
- Uranium names are showing notable strength today following yesterday's ruling in Japan that will allow the Sendai nuclear plant to reopen, which would be the first plant to be reopened since the Fukushima disaster: CCJ +6.8%, DNN +5.6%, LEU +10.3%, URRE +4.5%, UEC +5%, URZ +2.6%, URG +1%, UUUU +1.7%.
- The news is positive for the nuclear industry to the extent that authorities in Japan have not given up on the energy source despite Fukushima.
- China is pushing for more nuclear power, with the government reportedly approving eight new nuclear power projects.
- A MarketWatch article paints a bright picture of the nuclear industry, with uranium prices rising ~35% since last summer and improving public opinion; "China and India believe that the upside from the clean energy from nuclear far outweighs the downside risks of sticking to dirty coal,” says GoldStockTrades.com editorJeb Handwerger.
- Last week, CCJ signed a deal with India to provide 7.1M lbs. of uranium concentrate over the next five years.
- ETFs: URA, NLR
Mar. 19, 2015, 8:05 AM
- Uranium Resources (NASDAQ:URRE): FY'14 EPS of -$0.44 beats by $0.14.
Mar. 3, 2015, 3:57 PM
- Uranium Resources (URRE -13.3%) is sharply lower on plans for a securities purchase agreement with institutional investors to sell 4M common shares and warrants to purchase 2.2M common shares.
- The securities will be sold at $1.50/unit, with each unit consisting of one common share and a warrant to purchase 0.55 shares at an exercise price of $2.00/whole share.
- URRE plans to use the proceeds to fund ongoing business activities, including an $800K exploration drilling program in South Texas, reclamation work, capital expenditures, working capital and other general corporate purposes.
Mar. 3, 2015, 12:45 PM
Nov. 24, 2014, 2:37 PM
- Uranium prices have reversed recent gains, plunging $6/lb. (~13.5%) to $38 over the past week in their biggest weekly drop since 1996.
- TD Securities' Greg Barnes thinks the current volatility is more reflective of trader positioning in a thinly traded market than utilities exhibiting strong fundamental demand; the analyst is not convinced that the rapid drop will be enough to trigger a wave of buying by utilities.
- Uranium names are broadly lower today: CCJ -3%, DNN -3.8%, UEC -1.6%, URG -5.7%, URZ -4.4%, UUUU -1.5%, URRE -0.4%.
- ETFs: URA, NLR, NUCL
- Earlier: Uranium spot prices could pass $50/lb. in next 12 months, analyst says
Nov. 13, 2014, 11:15 AM
- Uranium Resources (URRE -9.6%) sinks after a StreetSweeper article says the stock has run up without merit after Japan said it would restart its first nuclear reactor since the 2011 Fukushima disaster.
- URRE idled its operations years before Japan shut down all nuke plants, and Japan’s restart will not affect URRE's supply and demand dynamics, the report says.
- In any case, the article maintains that URRE would require millions of dollars and nearly a year to restart operations, yet it has only enough cash to last six months and likely would turn to a stock sale.
Nov. 10, 2014, 2:41 PM
- Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
- The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
- Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
- ETFs: URA, NLR, NUCL
Nov. 10, 2014, 12:59 PM
Nov. 7, 2014, 12:52 PM
Uranium Resources Inc is a uranium exploration, development and production company. It acquires, explores for, develops, and mines uranium properties, using the in situ recovery or solution mining process.
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