A new bull market for uranium may be imminent. For one, leaders around the world are waking up to how critical nuclear energy is to reaching net-zero emissions. That’s because nuclear power generates electricity without carbon. And, according to the “International Energy Agency (IEA) says that the size of the nuclear sector will need to double in the next 20 years if the world is to reach its goal of having net-zero emissions. To meet the demand for new, better nuclear reactors, the world must invest over $1 trillion,” as noted by News Direct. That being said, investors may want to keep an eye on uranium stocks, such as Stallion Gold Corp. (TSXV: STUD) (OTCQB: SLLGF), Fission 3.0 Corp. (TSXV: FUU) (OTCQB: FISOF), IsoEnergy Ltd. (TSXV: ISO) (OTCQX: ISENF), NexGen Energy Ltd. (NYSE: NXE) (NYSE: NXE), and Fission Uranium Corp. (TSX: FCU) (OTCQX: FCUUF). Helping even more is the Inflation Reduction Act, which provides $369 billion to fight climate change and $700 million for the US nuclear energy sector.
Look at Stallion Gold Corp. (TSXV: STUD) (OTCQB: SLLGF), For Example
Stallion Gold Corp. just announced it has signed a share purchase agreement dated January 11, 2022 among the Company, Hathor Exploration Ltd. and the shareholders of Hathor to acquire all of the issued and outstanding securities of Hathor.
Hathor owns 17 mineral claims that are held strategically throughout the Athabasca Basin, home to some of the world’s largest high-grade uranium deposits. The claim packages are split into 12 distinct blocks that range from the western edge of the basin near Cluff Lake to as far east as the Roughrider deposit acquired by Uranium Energy. Of the new claim blocks, one is contiguous with a claim block from the U92 Agreement recently announced on January 6th (here). This combined claim block now starts at its north end near Shea Creek, extends down to the north end of Fission 3.0’s PLN project and now wraps around to extend along the majority of the eastern border of the PLN project and stops roughly 20km north of the Arrow deposit held by Nexgen. The other land blocks give Stallion proximity to some of the most important uranium discoveries and mines throughout the basin. The mineral claims together cover 49,558 hectares and can be seen in Figure 1 below.
“The acquisition of Hathor more than doubles Stallion’s footprint in the basin to a combined total of 78,831 hectares. The additional package now creates one continuous claim block of 35,875 hectares in the prolific western side of the basin and it shares a significant boundary with Fission 3.0’s PLN project,” says Mr. Drew Zimmerman, CEO of Stallion. “This acquisition gives Stallion strategic land holdings across the basin and puts the Company at the epicenter of significant exploration activity and capital deployment. We have a highly experienced team of uranium industry veterans with a history of value creation in the Basin and we will be leveraging that expertise as we commence our work program in the coming weeks.”
"The Athabasca Basin is home to the world’s foremost high-grade uranium discoveries. Having had first-hand experience in the discovery of the Roughrider uranium deposit, I am excited by the Company’s acquisition of these highly prospective claims,” added Mr. Stephen Stanley, Advisor to Stallion. “Through the acquisition of these two land packages Stallion has inserted itself into the heart of one of the most active areas in the basin.”
The Company will be evaluating and prioritizing a work program commencing on the claims during Q1-23 and will provide additional updates in the coming weeks.
Other related developments from around the markets include:
Fission 3.0 Corp. announced that mobilization for winter drilling has commenced at its 100% owned Patterson Lake North project. A 20-hole program of step out drilling is planned to expand on the highly successful drill results from November 2022 where assays confirmed shallow depth, wide and continuous mineralization in basement rock with 15.0 m @ 6.97% U3O8 including a high-grade 5.5 m interval averaging 18.6% U3O8 (PLN22-035) (see Press Release Dec 22, 2022). Drill holes are designed to test for continuation of mineralization along strike, and up and down dip, where four holes drilled in the fall 2022 outlined a very significant zone of high-grade uranium, which remains open in all directions.
IsoEnergy Ltd. closed its previously announced $18.3 million financing comprised of: $6 million raised through the issuance of 1,801,802 common shares to NexGen Energy Ltd., at a price of $3.33 per share; US$4 million (approximately C$5.3 million) raised through the issuance of an unsecured convertible debenture to Queen’s Road Capital Investment Ltd.; $5 million raised through the issuance of 940,000 charity “flow through” common shares at a price of $5.35 per share, to a syndicate of underwriters led by PI Financial Corp., and including Canaccord Genuity, Haywood Securities Inc., Raymond James Ltd., Sprott Capital Partners LP, and TD Securities Inc.; and $2 million raised through the issuance of 600,000 non-“flow through” common shares to the Underwriters, at a price of $3.33 per share.
NexGen Energy Ltd. established an at-the-market equity program to offer and sell up to C$250 million of common shares from treasury. Sales of Common Shares, if any, will be made pursuant to the terms of an equity distribution agreement dated January 6, 2023 among the Company, Virtu ITG Canada Corp., as Canadian agent, and Virtu Americas, LLC, as U.S. agent, on the TSX and/or the NYSE, and/or any other marketplace for the Common Shares in Canada or the United States or as otherwise agreed between the Agents and the Company. The volume and timing of sales under the ATM Program, if any, will be determined in the Company's sole discretion, and at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. The ATM Program will be effective until the earlier of the sale of all of the Common Shares issuable pursuant to the ATM Program and January 29, 2025, unless terminated prior to such date by the Company or the Agents.
Fission Uranium Corp. announced assay results from the summer 2021 "metallurgical & geotechnical test work" drilling on the R840W zone at its' PLS project, in the Athabasca Basin region of Saskatchewan, Canada. Four metallurgical holes and three geotechnical holes were completed as part of the Phase 1 feasibility study field work. Assays confirm that all 7 holes intersected wide intervals of mineralization, with 6 holes returning strong, high-grade intervals. The drilling was part of the technical work required for the feasibility study, which Fission expects to complete by the end of 2022 to early 2023. Of particular note, hole PLS21-MET-004 (line 615W), intersected a continuous interval measuring 34.0m @ 19.12% U 3 O 8, including 26.0m @ 24.59% U 3 O 8. With a total composite grade x thickness value " GT" of 650.7, this positions it as one of the strongest holes drilled to date at the PLS project.
Ross McElroy, President and CEO for Fission, commented, " These assays are a reminder of the incredible strength of mineralization we have here at PLS – with numbers that place the Triple R in an elite group of deposits worldwide. We have now received all outstanding drill assay results from holes drilled as part of our feasibility study, which remains on track for completion at the end of 2022 to early 2023. Our team continues to work hard advancing the project and I'm very pleased with our continued progress and results."
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Stallion Gold Corp. by Stallion Gold Corp. We own ZERO shares of Stallion Gold Corp. Please click here for full disclaimer.
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