The Uranium Story just
got Bigger thanks to AI – (CSE: $PURR.CN) (OTC: $GLIOF) (NYSE: $URG) (NYSE:
$NXE) (TSX: $NXE.TO) (TSXV: $SASK.V) (OTCQB: $SASKF) @PantherMinerals
@Ur_Energy @NexGenEnergy_ @athaenergycorp
Uranium Miners going Nuclear
June 20, 2024
- Investorideas.com, a global investor news source covering
mining and metals stocks releases a snapshot looking at uranium mining and
exploration, featuring Panther Minerals Inc.(CSE: PURR) ) (OTC: GLIOF).
Panther Minerals Inc. is a
mineral exploration company actively involved in the exploration of its North
American project portfolio. The acquisition of the Boulder Creek Option
reflects the Company's ongoing intention of pursuing advanced, highly quality
prospective uranium projects that can be readily worked on and efficiently
explored in a timely manner.
Uranium prices have had a big year, up over 52% year to date, with some short
term corrections. But the story for uranium miners just got bigger as AI (Artificial
Intelligence) is changing the world as we know it and looks to nuclear energy
to power its growth.
Nuclear energy already had significant tailwinds moving it forward as
an energy of choice.
In December at COP2), 22 countries agreed to triple global nuclear
power capacity by 2050 to reach net zero ambitions.
Now, as top players like Microsoft fight for dominance in AI, they also
are betting on nuclear power to reach their future goals. As AI grows faster
than anyone anticipated, it is using up more electricity than our current
systems had planned for.
Uranium miners and exploration companies see this growth boom as a new
Bull Run opportunity.
Panther Minerals Inc.(CSE: PURR) (OTC: GLIOF) just issued a corporate update on its Boulder Creek Uranium
property, located in the southeastern Seward Peninsula, 160 km east of Nome,
Alaska (“Boulder Creek” or the “Property”).
This article featuring
Panther Minerals Inc. (CSE: PURR) is a paid for service on Investorideas
Read this article, featuring PURR in full at https://www.investorideas.com/news/2024/mining/06201Uranium.asp
From the news: Panther Minerals has been completing ongoing
compilation of all historical data available through previous work conducted by
past operators of the Boulder Creek project, Houston Oil & Minerals and
Triex Minerals (Full Metal Minerals). With significant historical data
available, the Company is looking to continue a full review and analysis of
drilling core located on the property and additional core located in Anchorage,
Alaska. The data attained will give Panther Minerals a better understanding of
the model and formation, as well as the opportunity to utilize its spectrometer
to analyze and confirm radiometric readings.
From the news: Panther Minerals has submitted drill and work
permits for its Boulder Creek property related to a proposal to conduct exploration
activities, including diamond drilling, on active federal mining claims that
comprise a portion of the Boulder Creek Uranium property, under option by the
Company. The Company has engaged Jack DiMarchi, Core Geoscience LLC, to manage
the Company’s permitting activities in Alaska. Additional permitting submittals
will follow related to activities on the State claims and with regards to the
proposed field camp.
Ur-Energy Inc. (NYSE:URG), a uranium mining company operating the Lost Creek in-situ recovery
uranium facility in south-central Wyoming is a miner well-known to investors in
the sector. They have produced and packaged approximately 2.8 million pounds
U3O8 from Lost Creek since the commencement of operations.
In May, when the Company announced its quarterly financials, Ur-Energy’s CEO, John Cash said in the news release, "Last week the US Senate, following the
House of Representatives action on the same bill, announced the passage by
unanimous consent of a Russian Uranium Ban that will commence 90 days after it
is signed, subject to certain limited waivers available until January 1, 2028.
We are encouraged to see unanimous bipartisan backing of a bill that is likely
to result in strong support for western suppliers of nuclear fuel components,
including Ur-Energy. We believe we are in the right place at the right time to
help fill the uranium supply gap and we will continue to advance production at
Lost Creek and Shirley Basin and look for other opportunities to expand our
U.S. based production portfolio."
In their guidance for 2024 they said, “As uranium prices strengthened,
we have received increasing requests for proposals ("RFPs") from
utilities and other global fuel buyers. We have responded to the RFPs with
prices commensurate with rising market conditions including increased demand
for domestically produced uranium. We completed two additional uranium sales
agreements during 2024 Q1 and a third agreement subsequent to quarter end.
Including the three additional agreements, our contract book now stands at a
total of 5.7 million pounds U3O8 with deliveries occurring in 2024 through
2030. Sales prices are anticipated to be profitable on an all-in production
cost basis and escalate annually from initial pricing, including some
market-based pricing features.”
NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) (ASX: NXG) announced on May 29th, drilling at Patterson
Corridor East intersected mineralization in RK-24-193 over 67.5 metres (m)
(383.5 to 451 m) across various intervals including up to 7,500 cps over 1.5 m
(Figures 1 to 4, Table 1). RK-24-193 is located 275 m southwest along strike of
RK-24-183 (discovery hole) and at approximately the same depth below surface.
In addition, assays from RK-24-183 confirm high grade uranium veins
across a 20 m interval with several intersections totalling 13.5 m at 0.78%
U3O8 including 0.5 m (348.0 to 348.5 m) at 10% U3O8 and another 0.5 m (356.5 to
357 m) at 6.23% U3O8 (Table 2). For reference, the Arrow discovery hole
RK-14-21 assayed 5.75 m at 0.37% U3O8, including 0.25 m at 5.77% U3O8.
Leigh Curyer, Chief Executive Officer commented: "Our team has
assessed the geological similarities between RK-24-183 and RK-24-193 and the
upper areas of Arrow, which indicates the high prospectivity of an additional
mineralized system 3.5 km east of Arrow. Consequently, the growing potential of
this latest discovery will drive the focus of the summer exploration program to
determine the potential size and extent of mineralization. Efficient and bold
testing of the overall system is the first priority.
It is an exciting time at NexGen with the Company recently advancing
the Federal Environmental Assessment process for the Rook I Project through the
submission of responses to the remaining Information Requests, as well as
advancing detailed engineering and exploring a new discovery in parallel."
ATHA Energy Corp. (TSX.V:SASK) (OTCQB:SASKF) holder of the largest uranium exploration portfolio in two of the
highest-grade uranium districts in the world, announced earlier this month that the Company has
commenced Phase I (diamond drilling) of its 2024 Angilak Exploration Program at
its 100%-owned Angilak Project in Nunavut. Phase I is comprised of ~10,000 m of
diamond drilling targeting the expansion of high-grade uranium mineralization
at the Lac 50 Deposit and adjacent mineralized zones.
From the news: HIGHLIGHTS:
Angilak Project: The Angilak Project is host to the Lac 50 Uranium
Deposit, which is one of the largest high-grade deposits outside of the
Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs. at
an average grade of 0.69% U3O8.1 Drilling in 2023 by Latitude Uranium (acquired
by ATHA) intersected grades of up to 7.54 % U3O8 over 1.6 m.
2024 Angilak Exploration Program is part of the Company’s overall 2024
Exploration Program and consists of Phase I (diamond drilling) and Phase II
(geophysics & ground geochemistry).
As far as what uranium stocks will winners and losers, maybe investors
can ask the giant fuelling this boom, ChatGPT, and see what it says.
For additional insight into Panther Minerals Inc. (CSE: PURR) listen to the recent Exploring Mining
Podcast Interview
Listen to the podcast:
https://www.spreaker.com/episode/panther-minerals-inc-the-hunt-for-uranium-in-alaska--60389196
Watch on YouTube:
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