Ultime notizie per Uranium Energy (AMEX:UEC) Azioni

Uranium Energy

Uranium Energy Corp is engaged in uranium mining and related activities. The company is working towards fueling the demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. The company is advancing its next generation of low-cost, environmentally friendly, in-situ recovery (ISR) mining uranium projects. The company has two extraction-ready ISR hub and spoke platforms in South Texas and Wyoming. UEC also has seven U.S. ISR uranium projects with all of their permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and Paraguay.

Uranium Energy Corp

WIIM

Uranium Energy Corp shares are trading higher after the company announced it received approval from the Wyoming Department of Environmental Quality to increase the licensed production at the Irigaray central processing plant to 4 million pounds of U3O8 annually.

U.S. stocks were higher, with the Dow Jones index gaining around 100 points on Thursday.
Shares of The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) rose sharply during Thursday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/10/41379650/travelers-q3-triumph-strong-premium-growth-and-underwriting-gains-propel-massive-earnings-beat">third-quarter results</a>.
The Travelers Companies reported third-quarter revenue growth of 12% year-over-year to $11.904 billion, beating the consensus of $11.491 billion. Core income per share jumped 169% to $5.24, beating the $3.64 consensus estimate.
Travelers gained 6.9% to $259.63 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Gevo, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) gained 27.6% to $2.87 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) gained 16.2% to $35.09 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) climbed 15.2% to $19.60.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 14.7% to $88.74.</li>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares gained 14.6% to $2.58 after the company announced it completed the first phase of recapitalization with $100 million securitization transaction.</li>
<li>Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) gained 12.6% to $211.14 following a third-quarter earnings beat and strong fourth-quarter guidance.</li>
<li>Amicus Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOLD#NASDAQ">FOLD</a>) gained 11.1% to $11.67 after the company announced it entered into a license agreement with Teva and resolved its Galafold patent litigation.</li>
<li>Webster Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) climbed 8.5% to $52.76 following third-quarter results.</li>
<li>Cohen &amp; Steers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) gained 7.7% to $109.00 after UBS upgraded the stock from Sell to Neutral and raised its price target from $63 to $102.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) gained 7.3% to $8.54. Uranium Energy increased licensed production capacity to 4 million pounds of U3O8 PER YEAR AT the Irigaray Processing Plant.</li>
<li>Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) climbed 7.2% to $319.43 after the company reported better-than-expected third-quarter adjusted EPS results.</li>
<li>GrafTech International Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NYSE">EAF</a>) gained 7% to $1.6900.</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) climbed 4.6% to $157.78 following a report suggesting Uber explored a takeover bid for the company.</li>
</ul>
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EXPE

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Travelers Posts Upbeat Results, Joins Iridium Communications, Snap-on And Other Big Stocks Moving Higher On Thursday

Commodities

Uranium Energy Corp Receives Approval From Wyoming Department of Environmental Quality, Uranium Recovery Program To Increase Licensed Production At Irigaray Central Processing Plant To  4 Million Pounds Of U3O8 Annually

Investors with a lot of money to spend have taken a bearish stance on Uranium Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UEC, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Uranium Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $82,500, and 7 are calls, for a total amount of $374,700.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $10.0 for Uranium Energy, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Uranium Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Uranium Energy's significant trades, within a strike price range of $2.5 to $10.0, over the past month.
<h3>Uranium Energy Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729095386_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UEC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.2</td>
<td>$4.5</td>
<td>$5.1</td>
<td>$2.50</td>
<td>$101.9K</td>
<td>482</td>
<td>200</td>
</tr>
<tr>
<td>UEC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.25</td>
<td>$1.2</td>
<td>$1.2</td>
<td>$7.00</td>
<td>$60.0K</td>
<td>7.6K</td>
<td>822</td>
</tr>
<tr>
<td>UEC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.25</td>
<td>$1.15</td>
<td>$1.15</td>
<td>$7.00</td>
<td>$57.5K</td>
<td>7.6K</td>
<td>1.3K</td>
</tr>
<tr>
<td>UEC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.55</td>
<td>$0.5</td>
<td>$0.5</td>
<td>$9.00</td>
<td>$50.0K</td>
<td>877</td>
<td>1.0K</td>
</tr>
<tr>
<td>UEC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.45</td>
<td>$0.4</td>
<td>$0.4</td>
<td>$10.00</td>
<td>$40.1K</td>
<td>25.4K</td>
<td>2.4K</td>
</tr>
</tbody>
</table>

<h3>About Uranium Energy</h3>
Uranium Energy Corp is engaged in uranium mining and related activities. The company is working towards fueling the demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. The company is advancing its next generation of low-cost, environmentally friendly, in-situ recovery (ISR) mining uranium projects. The company has two extraction-ready ISR hub and spoke platforms in South Texas and Wyoming. UEC also has seven U.S. ISR uranium projects with all of their permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and Paraguay.
In light of the recent options history for Uranium Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Uranium Energy's Current Market Status</h3>
<ul>
<li>With a trading volume of 12,278,005, the price of UEC is up by 8.51%, reaching $7.96.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 13 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Uranium Energy</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $9.875.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Uranium Energy, targeting a price of $9. 
&#x2A; In a cautious move, an analyst from HC Wainwright &amp; Co. downgraded its rating to Buy, setting a price target of $10. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Uranium Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Uranium Energy Unusual Options Activity For October 16

UUUU

Shares of uranium stocks are trading higher amid strength in nuclear names, which rose after Amazon Web Services announced plans to invest over $500 million in nuclear power.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) is going higher. &#8220;UEC's the real deal…We need more uranium. I think it's a great <a href="https://www.benzinga.com/markets/equities/24/09/40983348/uranium-energy-strikes-175m-deal-to-acquire-rio-tintos-wyoming-assets">situation,&#8221; he added.</a>
On Sept. 23, Uranium Energy disclosed a deal to fully acquire Rio Tinto Plc‘s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) Wyoming assets for a purchase price of $175 million. As per the deal, the buyout includes the fully licensed Sweetwater Plant and a portfolio of uranium mining projects with around 175 million pounds of historic resources.
When asked about Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), he said, &#8220;Doesn't hold a candle to Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>).&#8221;
Sen. Elizabeth Warren (D-MA), last week, wrote a letter to the Federal Trade Commission's chair, Lina Khan, urging the department to investigate Novo Nordisk&#8217;s proposed $16.5 billion acquisition of contract development and manufacturing organization Catalent Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>) thoroughly, amid growing concerns about potential antitrust violations. Critics argue that this merger could increase Novo Nordisk's control over producing vital GLP-1 receptor agonists, drugs used to treat diabetes and obesity. This could potentially drive up <a href="https://www.benzinga.com/general/biotech/24/10/41277809/ftc-faces-pressure-to-block-novo-nordisk-catalent-merger-over-antitrust-fears">prices and limit competition</a>.
Cramer recommended staying away from Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>).
On Monday, BofA Securities analyst Chase Mulvehill maintained Halliburton with a Buy rating and lowered the price target from $40 to $38.
Price Action:
<ul>
<li>Novo Nordisk shares fell 0.2% to settle at $119.78 on Monday.</li>
<li>Uranium Energy shares gained 0.7% to close at $7.14.</li>
<li>Halliburton shares fell 0.8% to close at $30.58 on Monday.</li>
</ul>
Read Next: 
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</ul>
Photo: Shutterstock

Long Ideas

Media

CTLT

Jim Cramer: 'We Need More Uranium,' Recommends This Stock; Says Novo Nordisk 'Doesn't Hold A Candle' To Big Pharma Rival

Source: <a href="https://www.streetwisereports.com/article/2024/10/02/strategic-expansion-fuels-u-s-uranium-production-surge-amid-global-supply-shifts.html?utm_medium=feed">Streetwise Reports 10/02/2024</a>
Uranium Energy Corp. (AMEX:UEC) has taken a step in expanding its U.S. uranium production capacity through the acquisition of Rio Tinto Plc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) Sweetwater Plant and a portfolio of Wyoming uranium assets.
Announced on September 23, the transaction, valued at US$175 million, adds approximately 175 million pounds of historic uranium resources to UEC&#39;s holdings. This acquisition creates UEC&#39;s third hub-and-spoke production platform in the U.S., further solidifying its role as a leading player in the domestic uranium market.
The Sweetwater Plant has a licensed processing capacity of 4.1 million pounds of uranium per year and is a key strategic asset. This enables UEC to expand its capabilities for both in-situ recovery (ISR) and conventional mining methods. This announcement comes as the U.S. increases its focus on securing domestic uranium supplies in light of geopolitical shifts, like the U.S. ban on Russian uranium imports. The transaction is expected to close in Q4 2024, with UEC utilizing its available liquidity to fund the purchase.
<h2>Looking Into The Uranium Market</h2>
On September 30, The New York Times reported that &quot;uranium mines are ramping up across the West, spurred by rising demand for electricity and federal efforts to cut Russia out of the supply chain for U.S. nuclear fuel.&quot;
This surge in demand has helped drive uranium prices to their highest levels in over 15 years, according .to TradeTech, a consulting firm. These market conditions have led to a revitalization of mining regions that had been in decline since the end of the Cold War.
<blockquote class="callOut left">Chris Temple of The National Investor noted that UEC was &quot;upgraded back to Buy&quot; following recent market news and encouraged increased exposure to the uranium sector.</blockquote>
The industry is expected to continue growing, with U.S. production of uranium, specifically yellowcake, predicted to reach approximately six million pounds by 2028. John W. Cash, CEO of Ur-Energy, highlighted the recovery in the Times article, comparing the industry to &quot;a broken arm that&#39;s been in a cast for a long time.&quot;
Kitco, on September 25, also noted the robust market conditions, stating that &quot;the U3O8 uranium spot price has risen significantly over the last five years.&quot; The article pointed out that uranium and related equities have outperformed other asset classes over the long term, reinforcing the optimistic outlook for the sector.
In line with this positive trajectory, The Financial Times reported on September 20 that the price of enriched uranium has more than tripled since early 2022, signaling the growing demand for nuclear energy. Additionally, uranium hexafluoride prices have increased fourfold, underscoring the bottlenecks in the conversion stage of the nuclear fuel supply chain. Jonathan Hinze, CEO of UxC, explained that this surge in conversion and enrichment prices was &quot;reflecting a much bigger supply squeeze due to the Russia-Ukraine war and other factors.&quot;
<h2>Catalysts</h2>
According to UEC&#39;s September 2024 investor presentation, the acquisition of Rio Tinto&#39;s Wyoming assets marks a highly strategic addition to UEC&#39;s growing U.S. portfolio. The transaction creates operational synergies by integrating Rio Tinto&#39;s Sweetwater Plant with UEC&#39;s existing operations in Wyoming&#39;s Great Divide Basin. This allows UEC to streamline infrastructure and personnel across its newly expanded land position, which now totals over 108,000 acres, further enhancing exploration and production opportunities.
<blockquote class="callOut right">Joe Reagor of Roth MKM, also on September 25, reiterated his Buy rating on UEC and increased the company&#39;s price target from US$9.00 to US$9.50</blockquote>
The Sweetwater Plant&#39;s capability to be adapted for ISR processing, in addition to conventional mining, provides UEC with significant production flexibility at a lower capital cost compared to building new facilities.
This expansion comes as uranium demand continues to grow due to global clean energy initiatives and recent U.S. government actions, including the Department of Energy&#39;s efforts to bolster domestic uranium production.
UEC&#39;s latest acquisition supports its long-term strategy of becoming a leading supplier of uranium in North America, capitalizing on both industry tailwinds and its expanded resource base.
<h2>A Buy-Rated Stock</h2>
On September 25, Chris Temple of The National Investor noted that UEC was &quot;upgraded back to Buy&quot; following recent market news and encouraged increased exposure to the uranium sector. He pointed to UEC&#39;s acquisition of Rio Tinto&#39;s Wyoming uranium assets as a catalyst, emphasizing that uranium is &quot;in the early innings of this new bull market.&quot; Temple also recommended UEC as part of his broader strategy for capitalizing on uranium&#39;s growth potential.
Jeff Clark of The Gold Advisor, in his September 26 update, discussed UEC&#39;s expansion of its U.S. production capacity by acquiring Rio Tinto&#39;s Sweetwater Plant and other Wyoming uranium assets. He called this acquisition a &quot;significant move&quot; noting that it consolidated a large portfolio of uranium assets under UEC&#39;s control, positioning the company for rapid growth. He also highlighted the company&#39;s strategic advantage with &quot;53,000 additional acres for exploration&quot; reinforcing UEC&#39;s potential to ramp up production.
Joe Reagor of Roth MKM, also on September 25, reiterated his Buy rating on UEC and increased the company&#39;s price target from US$9.00 to US$9.50. He referred to the Rio Tinto acquisition as an &quot;ideal bolt-on&quot; for UEC, with the potential to unlock significant shareholder value. Reagor pointed out that UEC&#39;s ability to update these assets to be SK-1300 compliant could significantly increase their worth, supporting his optimistic outlook for the company.
<h2>Ownership and Share Structure </h2>
According to the company&#39;s investor presentation, Uranium Energy has a market cap of US$2.13 billion and 406 million shares outstanding. 
Yahoo! Finance notes that 1.99% of the company is owned by management and insiders.
The largest portion, 77.75%, is held by institutional investors.
The rest is in retail.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Uranium Energy Corp.</li>
<li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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Analyst Ratings

Strategic Expansion Fuels U.S. Uranium Production Surge Amid Global Supply Shifts

Source: <a href="https://www.streetwisereports.com/article/2024/09/25/bump-uranium-sector-exposure-back-up.html?utm_medium=feed">Chris Temple 09/25/2024</a>
In light of the news that the Three Mile Island nuclear power plant is slated to be restarted by Constellation Energy Group with Microsoft as its sole dedicated customer for the next 20 years, Chris Temple of the National Investor shares his thoughts on uranium and some stocks he believes are Buys.
When you hear NEWS LIKE THIS that an always-functional part of the infamous Three Mile Island nuclear power plant is slated to be restarted by Constellation Energy Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) &mdash; with tech giant Microsoft its sole dedicated customer for the next 20 years &mdash; you know that uranium/nuclear power is BACK!
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202492563724_1.png" style="height:649px; width:1000px" />
We have known that for a while, of course. For a fair stretch over the last few years, in fact, our recommendations in this space represented our greatest sector exposure, and we profited nicely as a result.
Having pared back our ETF exposure most notably a while back to long in some gains ahead of the sector&#39;s months-long consolidation, I&#39;ve watched as the news has continued to point to uranium being in the early innings of this new bull market. Yet the markets have been yawning . . . until now.
As I wrote to you in yesterday&#39;s commentary, I am of a mind that it&#39;s time we build back up an outsized exposure to the uranium/nuclear power space. I&#39;ll be sharing more details (and updating our specific holdings here) in the coming week; but for now, I&#39;m advising the following:
<ul>
<li>Bump back up exposure to the Sprott Physical Uranium Trust (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sruuf#OTC">SRUUF</a>) to 6% of your portfolio (from 4% late.) It is rated a Buy.</li>
<li>Maintain the present 4% (Growth) and 3% (Conservative) weighting to the Sprott Uranium Miners ETF (ARCA:URNM). It is rated Accumulate.</li>
<li>Establish a new position in the Sprott Junior Uranium Miners ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urnj#NASDAQ">URNJ</a>) equal to 3% of your portfolio in a Growth account and 2% in a Conservative one. It is likewise rated an Accumulate.</li>
</ul>
Lastly, Uranium Energy Corp. (AMEX:UEC) and Energy Fuels Inc. (AMEX:UUUU) are each upgraded back to Buy on the strength of the recent news I have been sharing with you.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Uranium Energy Corp.</li>
<li>Chris Temple: I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
<li>Chris Temple Disclosures: </li>
</ol>
<div id="dis_drop">
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The National Investor is published and is e-mailed to subscribers from chris @nationalinvestor.com. The Editor/Publisher, Christopher L. Temple may be personally addressed at this address, or at our physical address, which is: National Investor Publishing, P.O. Box 1257, Saint Augustine, FL 32085. The Internet web site can be accessed at <a href="https://nationalinvestor.c" title="https://nationalinvestor.c">https://nationalinvestor.c</a> om/. Subscription Rates: $275 for 1 year, $475 for two years for &quot;full service&quot; membership (twice-monthly newsletter, Special Reports and between-issues e-mail alerts and commentaries.) Trial Rate: $75 for a one-time, 3-month full-service trial. Current sample may be obtained upon request (for first-time inquirers ONLY.) The information contained herein is conscientiously compiled and is correct and accurate to the best of the Editor&#39;s knowledge. Commentary, opinion, suggestions and recommendations are of a general nature that are collectively deemed to be of potential interest and value to readers/investors. Opinions that are expressed herein are subject to change without notice, though our best efforts will be made to convey such changed opinions to then-current paid subscribers. We take due care to properly represent and to transcribe accurately any quotes, attributions or comments of others. No opinions or recommendations can be guaranteed. The Editor may have positions in some securities discussed. Subscribers are encouraged to investigate any situation or recommendation further before investing. The Editor receives no undisclosed kickbacks, fees, commissions, gratuities, honoraria or other emoluments from any companies, brokers or vendors discussed herein in exchange for his recommendation of them.
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Sector ETFs

Upgrades

Small Cap

Tech

ETFs

SRUUF

URNJ

URNM

Bump Uranium Sector Exposure Back Up

U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.2% on Friday.
Shares of Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) fell sharply in today's pre-market trading after the SEC charged the company, two former executives for misleading claims about <a href="https://www.benzinga.com/quote/SAVA/news">Alzheimer&#8217;s clinical trial</a>.
Cassava Sciences shares dipped 10.8% to $28.40 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>enVVeno Medical Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNO#NASDAQ">NVNO</a>) shares tumbled 16.4% to $3.7600 in pre-market trading after the company announced a proposed public offering.</li>
<li>Uranium Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UEC#NYSE">UEC</a>) shares declined 5% to $6.05 in pre-market trading.</li>
<li>Udemy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>) shares fell 4.6% to $7.76 in pre-market trading.</li>
<li>TORM plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>) shares declined 4% to $33.96 in pre-market trading.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) shares declined 3.2% to $35.70 in pre-market trading after gaining over 2% on Thursday.</li>
<li>Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) shares fell 2.6% to $121.05 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/41061540/s-p-hits-new-record-high-following-economic-reports-investor-optimism-improves-further-fear-index-r">S&amp;P Hits New Record High Following Economic Reports: Investor Optimism Improves Further, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

NVNO

SAVA

TRMD

UDMY

Cassava Sciences, enVVeno Medical And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Source: <a href="https://www.streetwisereports.com/article/2024/09/23/co-makes-progress-identifying-targets-at-projects.html?utm_medium=feed">Streetwise Reports 09/23/2024</a>
This is part of the Canadian uranium explorer&#39;s ongoing exploration program at one of its two assets in the Athabasca Basin. Learn why the uranium market could benefit from a discovery, resource development and eventual production here.
North Shore Uranium Ltd.&nbsp;identified 12 targets and prioritized three of them for possible future drilling, in Zone 1 at its Falcon uranium project in Saskatchewan&#39;s Athabasca Basin, noted a news release.
&quot;We believe that the eastern margin of the prolific Athabasca Basin is a great setting for a major new uranium discovery&quot; President and Chief Executive Officer Brooke Clements said in the release. &quot;Building upon our maiden 2024 Falcon drill program, our target generation work is allowing us to build a quality pipeline of potential drill targets.&quot;
North Shore identified the targets through electromagnetic data from three airborne surveys, data from airborne gravity-magnetic-radiometric surveys, data from significant historical exploration programs and structural interpretation.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024918200718_Initialfocusareainzone1.jpg" style="height:681px; width:847px" />
North Shore&#39;s initial focus in Zone 1
Falcon&#39;s Zone 1 is one of three exploration zones into which North Shore has divided the Falcon project. Within this zone, the exploration priority area includes the northeast-southwest trending conductor/structural zone, where near-surface uranium mineralization was discovered via drilling of P03 and P08 in early 2024. At P03, a zone from 196.6&ndash;209 meters (196.6&ndash;209m) had two samples that returned 345 parts per million (345 ppm) and 378 ppm of U3O8. At P08, a 4.7m interval from 42.3&ndash;47m returned 316 ppm, including one sample with 572 ppm of U3O8
North Shore&#39;s newly prioritized targets in Zone 1 are:
1) A 3 kilometer (3 km) trend from targets FA006 to FA003, which includes the new uranium discoveries at P03 and P08. This trend also encompasses target FA004, where two interpreted faults intersect and the electromagnetic (EM) conductor is offset.
2) Target FA003. Within the 3 km trend, two prominent parallel northeast-trending EM conductors each change orientation at FA003, and a prominent gravity low anomaly may indicate a potentially significant structure is present there.
3) Target FA002. This target is defined by two strong parallel EM conductors and a parallel magnetic low. An interpreted cross-cutting fault intersects the conductor system.
To date, across Zones 1, 2, and 3, North Shore has identified 36 targets.
<h2>Executing its Exploration Strategy</h2>
As well as at Falcon, British Columbia-based North Shore also is prioritizing uranium exploration targets, in preparation for future field work including potential drill programs, at its other project West Bear, 90 km away.
&quot;As the company continues to execute on its exploration strategy at Falcon and West Bear, we believe that the stock has the potential to rerate&quot; Red Cloud Securities Analyst David Talbot wrote in a research report earlier this year.
Falcon consists of 15 mineral claims, four of which, covering 12,791 hectares (12,791 ha), North Shore owns, explained the analyst. As for the remaining 11 claims, spanning 42,908 ha, the company has an earn-in option with Skyharbour Resources Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/syhbf#OTC">SYHBF</a>) to earn up to an 80% interest in them. Later, it will have the option to purchase the remaining 20%.
Talbot highlighted that Falcon is &quot;within a great location&quot; a tier one area for discovering new mineable, high-grade uranium deposits. The property is prospective for shallow basement-hosted unconformity-style (Athabasca style) and pegmatite-hosted mineralization similar to that discovered at the Fraser Lakes Zone B, about 3 km to the south, with an Inferred uranium resource of 10,400,000 tons (10.4 Mt) of 0.03% U3O8, or 7,000,000 pounds (7 Mlb) of U3O8. Also, Falcon is on the Wollaston trend notable for two recent discoveries, Baselode Energy Corp.&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bsenf#OTC">BSENF</a>) ACKIO and Atha Energy Corp.&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/saskf#OTC">SASKF</a>) GMZ. Further, Falcon is 30 km east of the active Key Lake uranium mill and former mine which produced 209.9 Mlb of U3O8 at an average grade of over 2%.
Prior to North Shore&#39;s maiden drill program earlier this year, Falcon has seen limited drilling, noted Talbot. Twenty-two holes were completed in only four areas between 1969 and 1971, and 28 holes were drilled on the current property in 2008.
Regarding the 4,511 ha West Bear project, North Shore has the option to earn up to 100% interest in the five claims comprising the project, noted the news release, by completing certain payments, exploration work and other commitments by April 2025, according to its agreement with Gem Oil Inc.
West Bear is just south of Uranium Energy Corp.&#39;s (AMEX:UEC) West Bear uranium and cobalt-nickel deposit that hosts probable uranium reserves of 1.4 Mlb. of U3O8 and a Co-Ni resource with 3.8Mlb. Co and 3.2 Mlb. Ni.
In addition to exploration, North Shore also continues to evaluate opportunities to expand its portfolio of uranium properties
<h2>Need for More Production</h2>
The longer-term outlook for uranium indicates additional production will need to come online to meet demand, according to industry experts.
&quot;From the beginning of the next decade, planned mines and prospective mines, in addition to increasing quantities of unspecified supply, will need to be brought into production&quot; according to the World Nuclear Association (WNA), Reuters reported in a Sept. 7 article.
Demand for uranium in nuclear reactors is expected to climb 28% to 83,840 tons by 2030, up from 65,650 tons this year, and by 2040, nearly double to reach 130,000 tons. The association forecasts nuclear capacity to rise 14% by 2030 and surge 76% by 2040. The WNA attributes this increase to growing interest in nuclear power worldwide.
According to Citi, as reported by Market Index in an Aug. 24 article, the cumulative growth in uranium requirements between now and 2030 is projected to be 40 Mlb, exceeding forecasted growth by 2 Mlb. Power consumption is expected to rise 11% by 2030, in large part due to artificial intelligence and data storage centers, and this will drive demand growth. Another contributor will be the increasing need for low-carbon emission power generation globally, to meet green energy goals.
As for uranium production, Citi forecasts it will increase between now and 2026, with &shy;&shy;17 Mlb being added this year, 14 Mlb in 2025 and 12 Mlb in 2026. After that, however, production is expected to fall off sharply, with 9 Mlb being added in 2027, 2 Mlb in 2028 and 1 Mlb in 2029.
Regarding the uranium price, Citi analysts expect an imminent recovery. Their base case forecast has the uranium price reaching US$98 per pound (US$98/lb) later this year but averaging about $94/lb. For 2025, Citi forecasts an average price of US$110/lb. (The uranium price now is about US$79.50/lb.)
<h2>The Catalyst</h2>
North Shore indicated in the news release it will continue prioritizing targets at Falcon to maximize the chances of discovery success in its next drill program. As of now, the program would consist of follow-up drilling along the 3 km trend and testing of new targets in Zone 1 and possibly elsewhere.
In the meantime, the company will continue to provide updates on this work.
<h2>Ownership and Share Structure</h2>
Insiders and founding investors own approximately 45% of the issued and outstanding shares. Clements himself owns 3.56% or 1.31M shares, Director Doris Meyer has 2.11% or 0.78M shares, and Director James Arthur holds 1.58% or 0.58M shares. According to North Shore, 14.92M shares (40.5%) held by six founding investors are subject to a voluntary pooling agreement that restricts disposition of these shares before October 19, 2026.
Most of the rest is with retail, as the institutional holdings are minor.
North Shore has 36.84M outstanding shares.
The company has a market cap of CA$2.52 million at the recent price of CA$0.065 per share. It has traded in the past 52 weeks between CA$0.06 and CA$0.30 per share.
Important Disclosures:
<ol>
<li>Skyharbour Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, North Shore Uranium has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of North Shore Uranium and Uranium Energy Corp.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Penny Stocks

Events

BSENF

SASKF

SYHBF

Co. Makes Progress Identifying Targets at Projects

Roth MKM analyst Joe Reagor maintains Uranium Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) with a Buy and raises the price target from $9 to $9.5.

Roth MKM Maintains Buy on Uranium Energy, Raises Price Target to $9.5

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Uranium Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) with a Buy and maintains $10.25 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Uranium Energy, Maintains $10.25 Price Target

Uranium Energy shares are trading higher after the company announced a $175 million deal to acquire Rio Tinto's Wyoming assets.

Uranium Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) Wyoming assets <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40975965/uranium-energy-corp-expands-u-s-production-capacity-with-acquisition-of-rio-tintos-sweetwater-plan" rel="noreferrer noopener">for a purchase price of $175 million</a>.
As per the deal, the buyout includes the fully licensed Sweetwater Plant and a portfolio of uranium mining projects with around 175 million pounds of historic resources.
The Sweetwater Plant, with a 3,000-ton-per-day capacity and licensed for 4.1 million pounds annually, can be adapted for both ISR and conventional mining, offering UEC production flexibility.
UEC&#8217;s available liquidity will cover the purchase price. UEC controls 12 uranium projects in Wyoming&#8217;s Great Divide Basin.
The acquisition provides a valuable asset base, saving time and costs compared to building a new facility or gathering geological data.
This transaction provides a rare opportunity to acquire licensed uranium facilities from a global leader, accelerating UEC&#8217;s production in the Great Divide Basin.
The buyout adds 175 million pounds of uranium resources, valued below UEC&#8217;s current trading levels. Half are suited for ISR mining, prioritized for near-term production, while conventional resources offer potential for future growth.
Amir Adnani, President and CEO, said, &#8220;These assets will unlock tremendous value by establishing our third hub-and-spoke production platform and cement UEC as the leading uranium developer in&nbsp;Wyoming&nbsp;and the U.S.&#8221;
&#8220;We&#8217;re witnessing unprecedented global growth in nuclear energy and demand for uranium as demonstrated by the recently proposed Three Mile Island restart in support of Microsoft&#8217;s AI growth.&#8221;
&#8220;The Russian uranium ban and recent comments by Russian government officials regarding restricting future uranium exports to the west underscore the critical importance of maintaining reliable domestic supply chains to power our growing requirements for clean baseload energy.&#8221;
Investors can gain exposure to the stock via&nbsp;Sprott Junior Uranium Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URNJ#NASDAQ">URNJ</a>).
Price Action: UEC shares are up 5.32% at $5.835 at the last check Monday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40981254" target="_blank" rel="noreferrer noopener">Chinese Vehicle Tech Faces Biden Administration Ban Over National Security Concerns: China EV Stocks Fall</a></li>
</ul>

Equities

Uranium Energy Strikes $175M Deal To Acquire Rio Tinto's Wyoming Assets

Wyoming&nbsp;assets&nbsp;comprise&nbsp;of the wholly-owned and fully-licensed Sweetwater Plant &nbsp;and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources.
Completion of the Transaction is subject to customary conditions for a transaction of this nature, with closing expected to occur in the&nbsp;fourth quarter&nbsp;of the calendar year 2024.&nbsp;

Uranium Energy Enters Agreement To Acquire 100% Of Rio Tinto's Wyoming Assets; Purchase Price Payable At Closing Is $175M

UROY

Shares of uranium stocks are trading higher amid possible sympathy with Constellation Energy after the company announced it signed a data-center power deal with Microsoft that will restart one of the units at the Three Mile Island nuclear power plant in Pennsylvania.

Shares of uranium stocks are trading higher, possibly as the US investigates if China is helping Russia circumnavigate the commodity's ban. Also, Russian President Putin last week reportedly considered restrictions on uranium exports.

Shares of uranium companies are trading higher amid a rise in the price of the commodity possibly due to supply issues resulting from the Russia-Ukraine war. During the ABC 2024 Presidential Debate, Vice President Harris said she wants to invest in diverse sources of energy.

Russia's Putin Says Maybe We Should Think About Exports Restrictions Of Some Goods, Such As Uranium; Russia's Putin Also Mentions Titanium And Nickel Exports

Insider Trades

Uranium Energy CEO Amir Adnani Buys 60K Shares At Average Price Of $4.10​

In a report released today, Joseph Reagor from Roth MKM reiterated a Buy rating on Uranium Energy (UEC – Research Report), with a price target of $...

Roth MKM Reaffirms Their Buy Rating on Uranium Energy (UEC)

The latest announcement is out from Uranium Energy ( ($UEC) ). Uranium Energy Corp (UEC) announced a year of significant growth with the restart of...

Uranium Energy Thrives with Production Restart and Strategic Acquisitions

Uranium Energy ( ($UEC) ) has shared an update. Uranium Energy Corp. has announced a leadership shift with Pat Obara stepping down as CFO, Secretar...

Uranium Energy Announces Executive Team Restructuring and New CFO

Nuclear News - Vistra, Constellation Energy, Denison Mines

URA ETF: AI Hyperscalers Are Fueling Uranium's Comeback

The Momentum Weekly - Are We Ready To Start Trending?

Uranium Energy: Set To Capitalize On Google's Nuclear Shift

Oklo, NuScale Power hit all-time highs on Amazon's plans to go big on nuclear

Uranium Energy ( ($UEC) ) has issued an announcement. Uranium Energy Corp (UEC) has received approval to boost production capacity at its Irigaray ...

Uranium Energy Expands Production with Wyoming Approval

ARDT

BWXT

CORZ

FCUUF

FMST

FMSTW

FOSYF

MSFT

NVDA

OKLO

PALAF

RTNTF

RTPPF

Press Releases

Uranium Energy Corp Announces Results of Annual General Meeting

Uranium Energy Announces Succession of Chief Financial Officer

Uranium Energy Corp Announces Restart of ISR Uranium Production in Wyoming

Uranium Energy Corp Intersects 12.7% eU3O8 over 7.2 metres, 850 m northeast of Roughrider Deposit

Uranium Energy Corp Achieves Leading Uranium Sector Sustainability Ranking

Uranium Energy Corp Intersects 11.4% eU3O8 over 2.4 metres at Roughrider North Discovery, 850 meters Northeast of the Roughrider deposit

Uranium Energy Corp Expands U.S. Production Capacity with Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets

Earnings

Uranium Energy Corp Files Fiscal 2024 Annual Report

Uranium Energy Corp Increases Licensed Production Capacity to 4 Million Pounds of U3O8 per year at the Irigaray Processing Plant

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