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PR Newswire (Mar 3, 2014)
PR Newswire (Jan 31, 2014)
PR Newswire (Dec 31, 2013)
PR Newswire (Dec 23, 2013)
Ur-Energy Concludes Acquisition of Pathfinder Mines and Closes Private Placement and Loan Facility RedrawPR Newswire (Dec 23, 2013)
PR Newswire (Dec 19, 2013)
PR Newswire (Dec 16, 2013)
PR Newswire (Dec 4, 2013)
URG vs. ETF Alternatives
Ur-Energy Inc., is an exploration stage mining company engaged in the identification, acquisition, exploration, evaluation and development of uranium mineral properties in the United States and Canada.
Wednesday, Feb 262:50 PM
Wednesday, Feb 262:50 PM| 9 Comments
- Top uranium miners rise for a second straight day after the Japanese government reversed plans to shift away from atomic energy, designating nuclear as an integral part in meeting the country’s long-term electricity needs.
- PM Abe's plan, which is expected to receive cabinet approval in weeks, could open the door to restarting some of Japan's 48 idled reactors as soon as this year; the plan also hints at possible new reactors.
- Japan’s turnaround on atomic energy has as much to do with finances as anything else; Japan's utilities have been making up the shortfall caused by the absence of nuclear energy by buying liquefied natural gas on the international market at record high prices.
- Denison Mines (DNN +8.6%), which today announced high grade uranium intersections at its Phoenix deposit, and Cameco (CCJ +4.2%), Canada's largest uranium producer, continue to move higher; smaller miners are fading after posting strong gains yesterday: USU +3.3%, URRE -0.9%, UEC -1.1%, URG -3.4%.
- ETFs: URA, NLR, NUCL.
Monday, Feb 2411:42 AM
Monday, Feb 2411:42 AM| 23 Comments
- Uranium takeovers are on the verge of a comeback that could put companies such as Denison Mines (DNN +5.2%), Ur-Energy (URG +4.9%) and Fission Uranium (FCUUF) in play, according to a Bloomberg report.
- Uranium prices are forecast to rise more than 40% by year's end as Japanese power plants restart nuclear reactors that have been shut down since the March 2011 Fukushima disaster, and analysts say the rebound in uranium demand may fuel takeovers as buyers try to get ahead of rising prices.
- DNN would make an attractive target for someone looking to gain access to Canada’s Athabasca Basin, home to the world’s richest high-grade uranium; a Raymond James analyst thinks Rio Tinto may be particularly interested.
- Cantor Fitgerald thinks DNN and Fission could be targets of Cameco (CCJ +0.8%), which has been building up cash and last month sold a stake in a power plant for C$450M.
- Also: URRE +5.5%, URZ +4.6%, UEC +0.9%, USU +0.4%.
- ETFs: NLR, NUCL.
Wednesday, Feb 193:59 PM
Wednesday, Feb 193:59 PM| 7 Comments
- Investors in uranium companies are not excited by the U.S. government's plans for $8.3B in nuclear loan guarantees, as the amount is viewed as insufficient and the overall loan program is seen as fizzling, according to a NY Times report.
- Funds are coming far later than anticipated and may effectively end a program that Congress established in 2005 to jump-start a new generation of nuclear plants, NYT writes; at one point, the program was expected to support more than $50B in loans for nuclear projects.
- USEC (USU -10.8%) is slammed despite reporting another $16.7M in government obligated funds toward development of the American Centrifuge project.
- Other uranium providers are lower too: URG -4.1%, DNN -3.7%, URRE -3.7%, UEC -3.5%, URZ -3.2%, CCJ -1%.
- ETFs: NLR, NUCL.
Friday, Oct 252013, 5:42 PM
Friday, Oct 252013, 5:42 PM| Comment!
- Greenland's parliament has removed a 25-year-old ban on uranium mining, paving the way for an industrial boom the Arctic island hopes will help it gain independence from Denmark.
- Greenland wants to boost its mining of rare earths, but uranium often is found mixed into rare earths, so the ban was blocking key mining activity.
- One rare earth deposit being explored by Greenland Minerals (GDLNF) could be the largest outside China; the company thinks it could extract up to 40K tons/year of rare earth metals.
- Rare earths: REMX, REE, MCP, SHZ, AVL, GSM.
- Uranium: URA, NLR, BWC, SHAW, URS, FLR, LTBR, URG, UEC, URRE, USU, DNN, CCJ.
Tuesday, Aug 272013, 8:37 AM
Tuesday, Aug 272013, 8:37 AM| 4 Comments
- Japan's government will provide money and personnel to help cope with rising amounts of contaminated water at the Fukushima nuclear power plant after losing confidence in Tepco's (TKECF.PK, TKECY.PK) ability to handle the situation on its own.
- The trade minister says the latest leak of 300 metric tons of highly contaminated water "could have been prevented" if Tepco had been more careful, pointing out that the 1,000 tons/day of groundwater flowing into the site presents a serious problem.
- Related: URA, NLR, NUCL, CCJ, DNN, URS, LTBR, URG, UEC, URRE, USU.
Wednesday, Aug 212013, 8:11 AM
Wednesday, Aug 212013, 8:11 AM| 8 Comments
- Nearly 80K gallons of highly radioactive water have leaked from the crippled Fukushima Daiichi nuclear plant, the latest black eye for Tepco (TKECF.PK, TKECY.PK), which has struggled to contain contaminated groundwater experts believe is flowing into the sea from the site every day.
- Japan is set to raise the severity rating of the leak to level 3, or "serious incident," underlining a deepening sense of crisis at the site.
- Revelations of more toxic leaks may raise second-thoughts about Japan's nuclear future but won't halt the long-term global expansion of the industry, uranium (URA, NLR, NUCL) insiders say.
- Related Stocks: CCJ, DNN, URS, LTBR, URG, UEC, URRE, USU.
Tuesday, Jul 302013, 3:52 PM
Monday, Jul 292013, 9:16 AM
Monday, Jun 172013, 12:17 PMUr-Energy (URG +2.8%) gets a lift today from Cantor Fitzgerald, who initiated the shares with a Buy and a $1.40 price target. Cantor thinks URG is poised to become the next U.S.-based uranium producer, with initial in-situ recovery production expected later this summer. The firm adds that it expects to post further ratings upgrades as the company transitions from construction to production. |Monday, Jun 172013, 12:17 PM| 1 Comment
Wednesday, May 152013, 6:30 AM
Friday, Oct 52012, 3:08 PM
Wednesday, Sep 192012, 6:09 AMJapan's cabinet backtracks on plans to phase out nuclear power by 2040, deciding to take the proposals "into consideration" when deciding energy policy rather than giving them formal approval. The plans have met strong opposition from business, which fears increased electricity bills and an unstable electricity supply. |Wednesday, Sep 192012, 6:09 AM| 11 Comments
Friday, Sep 142012, 8:15 AMJapan's government says it will phase out nuclear power by the 2030s, marking a major policy shift and the first formal decision to retreat from atomic energy since the Fukushima disaster 18 months ago. Japan aims to triple the share of renewable power to 30% of its energy mix, but it is sure to remain a top importer of oil, coal and gas for the foreseeable future. |Friday, Sep 142012, 8:15 AM| Comment!
Thursday, Apr 142011, 3:39 PMUranium names back in favor today after a report suggests that related companies, so depreciated they’re trading at less than their assets would be worth in a fire sale, could see a pickup in M&A activity. Japan’s nuclear crisis made uranium miners 31% cheaper relative to book value, Bloomberg says. URG +4.4%, UEC +4.7%, URRE +0.5%, USU +1.6%, DNN +2.6%, URZ +7.6%. |Thursday, Apr 142011, 3:39 PM| 1 Comment
Thursday, Mar 312011, 2:54 PMWith the BOJ printing, global supply lines compromised, and greater reliance on fossil fuels, the Japanese quake will stoke global inflation pressures, says Andy Xie. Longer term, it could mean the demise of nuclear power as even its supporters question it in light of its dangers. |Thursday, Mar 312011, 2:54 PM| 6 Comments
Wednesday, Mar 302011, 8:38 AMUranium and nuclear energy shares will be a buy, but not until things calm down in a couple of years, says Jim Rogers. "Unless we find something to replace oil and coal, we have to have nuclear … whether we like it or not." List of nuclear energy and uranium ETFs and shares. |Wednesday, Mar 302011, 8:38 AM| 8 Comments