The uranium space is going bonkers.<\/p>\n
The spark has been the\u00a0Sprott Physical Uranium Trust (SPUT), which started buying up physical uranium<\/a> and taking it out of market circulation in August.<\/p>\n So far, this has pushed spot price to +6-year highs.<\/p>\n SPUT has now massively upsized this buying program by ~$US1bn to $RUS1.3bn, and there could be more tailwinds to come, experts say.<\/p>\n In case U\u2019re wondering #Uranium<\/a> traditionally enters a strong uptrend each year from October to March. This \u2018Seasonality\u2019 is driven primarily by #Nuclear<\/a> reactor fuel buyers re-entering #U3O8<\/a> market with renewed budgets after a summer break. More tailwinds for U? pic.twitter.com\/UrtAhZYs1s<\/a><\/p>\n \u2014 John Quakes (@quakes99) September 12, 2021<\/a><\/p>\n\n Unsurprisingly, investor sentiment is sky high. Every stock on our list, except one, is making gains in morning trade Monday.<\/p>\n At least 14 of them are in double digits.<\/strong><\/p>\n CODE COMPANY 1 DAY RETURN % 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP 92E 92Energy 20 22 148 0.62 $ 20,285,850.52 DYL Deep Yellow 20 25 71 80 367 1.145 $ 316,350,967.89 PEN Peninsula Energy 18 30 93 168 294 0.26 $ 219,124,000.70 VMY Vimy Resources 18 25 67 82 471 0.2 $ 178,754,772.03 VAL Valor Resources 18 33 122 186 400 0.02 $ 50,130,134.11 EL8 Elevate Uranium 17 50 142 431 741 0.69 $ 134,651,951.14 AGE Alligator Energy 17 56 141 483 1300 0.07 $ 167,014,419.66 BMN Bannerman Energy 14 29 107 132 644 0.29 $ 307,228,533.39 LOT Lotus Resources 13 15 69 116 170 0.27 $ 230,373,315.12 LAM Laramide Res 11 24 42 33 136 0.825 $ 876,415.30 DEV Devex Resources 11 17 50 64 38 0.345 $ 95,428,529.77 TIN TNT Mines 10 59 80 50 54 0.27 $ 29,411,816.11 PDN Paladin Energy 9 20 97 130 559 0.935 $ 2,289,678,157.40 CXU Cauldron Energy 10 22 50 36 41 0.045 $ 20,143,038.83 GLA Gladiator Resources 9 27 170 170 -16 0.0405 $ 16,462,036.45 GTR Gti Resources 9 30 106 94 40 0.035 $ 25,477,909.28 OKR Okapi Resources 9 37 58 330 246 0.71 $ 66,015,121.90 TOE Toro Energy 8 27 87 33 100 0.028 $ 101,330,896.68 BOE Boss Energy 8 27 78 104 265 0.285 $ 603,743,221.09 NXG Nexgenenergycanada 5 7 48 8.02 $ 83,227,536.42 BKY Berkeley Energia 0 -3 -3 -49 -63 0.325 $ 84,169,117.50 DLC Delecta 35 69 125 170 93 0.0135 $ 10,086,212.00 ERA Energy Resources of Australia 26 22 58 105 156 0.42 $ 1,530,000,000.00 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n Rio Tinto\u2019s uranium business is in the twilight of its life, with work now moving to the rehabilitation of Australia\u2019s longest continually operating uranium mine, Ranger.<\/p>\n 132,000 tonnes of uranium oxide have been mined from the Northern Territory mine over the past 35 years.<\/p>\n While there are no immediate plans to develop the costly underground resources, ERA has flagged its intention to \u201cpreserve optionality over the company\u2019s undeveloped resources; and progress inorganic growth options evaluation\u201d.<\/p>\n ERA also continues to hold substantial inventories of uranium oxide \u201cthat it aims to sell down opportunistically\u201d.<\/p>\n The $1.61bn market cap stock is up 36% year-to-date.<\/p>\n\n <\/span>\u00a0<\/p>\n This $10m market cap minnow chose a good time to resume exploration at the early-stage Rex uranium project in Colorado<\/a>.<\/p>\n Sampling and mapping programs have, so far, returned high-grade uranium and vanadium results.<\/p>\n Exploration is ongoing, with assays from the current program expected to be returned in the coming weeks.<\/p>\n \u201cDue to renewed optimism surrounding future uranium pricing, the company recently decided to ramp up exploration at its majority owned REX uranium-vanadium project,\u201d DLC boss Malcolm Day says.<\/p>\n \u201cThe project\u2019s history of uranium mining, its proximity to operating infrastructure and the prevailing supportive government regime, bodes well for the development of the project.\u201d<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n Deep Yellow has three uranium projects in Namibia \u2013 Reptile, Nova and Yellow Dune.<\/p>\n A pre-feasibility study was completed in early 2021 on its 3mlb per annum \u2018Tumas\u2019 deposit \u2013 within the Reptile tenements \u2014 and a definitive feasibility study (DFS) commenced February 2021.<\/p>\n In early September, the company completed a \u201cvery successful\u201d Tumas DFS resource upgrade infill drilling program.<\/p>\n \u201cI, along with the team, are very pleased with the results demonstrating the great potential of Tumas to develop into a tier-one uranium deposit,\u201d Deep Yellow managing director John Borshoff says.<\/p>\n \u201cThe large amount of Inferred and Indicated Resources that have been identified through the latest program, at a highly-effective overall discovery cost of 9.4c\/lb U3O8, provides the team with great confidence that we have identified enough resources to proceed with evaluation of a 20+ year LOM operation in the Tumas DFS.\u201d<\/p>\n \u201cA major risk milestone has been overcome by the emergence of this robust resource base, importantly also showing added potential to increase the resource even further, providing Deep Yellow with exceptional, additional optionality for optimisation of the DFS, expected to be completed in the latter part of CY2022\u201d.<\/p>\n The $390m market cap stock is up 137% year-to-date.<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n While explorer A-Cap is focussed on the \u2018Wilconi\u2019 nickel-cobalt project in WA, it also has sneaky exposure to the burgeoning uranium thematic.<\/p>\n The stock says the currently mothballed \u2018Letlhakane\u2019 project in Botswana contains one of the world\u2019s largest undeveloped uranium deposits.<\/p>\n \u201cThe Company\u2019s Letlhakane uranium project remains an important project asset within the diversified minerals strategy,\u201d A-Cap said late July.<\/p>\n \u201cWhile the nuclear industry is confident in the long-term fundamentals of uranium and nuclear power, there is less certainty in the short term with industry expectation that the market will gradually move towards balance from calendar year 2025.\u201d<\/p>\n The $75m market cap stock is up $183% year-to-date.<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n The freshly listed uranium explorer wants to unlock the potential of its tenements in Canada\u2019s \u2018Athabasca Basin\u2019, just 11km from Cigar Lake \u2014 one of the world\u2019s largest and highest-grade uranium deposits.<\/p>\n A recent survey over its \u2018Tower\u2019 and \u2018Gemini\u2019 projects identified multiple prospective conductors prospective for high-grade, unconformity-type uranium.<\/p>\n Unconformity-type uranium deposits such as Cigar Lake and McArthur River are some of the largest and richest deposits globally, it says.<\/p>\n In early September 92E hit \u201ca zone of elevated radioactivity\u201d about 190m below surface in inaugural drilling at Gemini.<\/p>\n Assay results are due soon.<\/p>\n The $27m market cap stock is now up 250% on its April IPO price of 20c per share.<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n This cashed up market cap enigma has eight mothballed exploration projects in the Northern Territory and WA.<\/p>\n Its main game is the \u2018Bigrlyi\u2019 uranium-vanadium project, where a prefeasibility study (PFS) was completed in 2011 before the uranium price hit the skids.<\/p>\n Work was suspended in 2012 and not much has been done since, despite a healthy bank balance of $15.7m at the end of the last quarter.<\/p>\n But here\u2019s the kicker \u2014 the stock is tightly held, with only ~200m shares on issue. Most of this (66%) is held by a subsidiary of the state-owned China Nuclear Power Group (CGN), one of the largest nuclear power providers in the world.<\/p>\n CGN has five more power plants under construction and an additional two planned.<\/p>\n \u201cThe company\u2019s strategy is to maintain tenure over its Western Australian uranium deposits with minimum expenditure until economic conditions improve and WA Government restrictions on uranium mining are lifted,\u201d EME said last week.<\/p>\n \u201cEnergy Metals continues to monitor the situation with a view to recommencing exploration and development activities in the future.\u201d<\/p>\n The $88m market cap stock is up 223% year-to-date.<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n The near term mine developer briefly plunged recently when long standing managing director Mike Young stepped down after 7 years.<\/p>\n Young said it was time to hand over to a transitional management team \u201cto progress the remaining approvals and move towards project financing and development\u201d.<\/p>\n Here\u2019s a message for U from departing CEO Mike Young of Vimy Resources $VMY<\/a> Mike\u2019s passion is being a resource geologist. With approvals rolling in, Mulga Rock is \u201cUnstoppable\u201d. A new corporate style CEO to guide it now \u201cis good for Vimy\u201d the way Mike\u2019s set it up. pic.twitter.com\/FLiER6hpgP<\/a><\/p>\n \u2014 John Quakes (@quakes99) August 31, 2021<\/a><\/p>\n\n Vimy\u2019s flagship project is Mulga Rock in WA, one of Australia\u2019s largest undeveloped uranium resources.<\/p>\n The $215m market cap stock is up 157% year-to-date.<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/em><\/strong><\/p>\n This Tolga Kumova favourite<\/a> has uranium projects in Canada\u2019s Athabasca Basin.<\/p>\n Valor dropped some serious rock chip samples from the \u2018Hook Lake\u2019 uranium project at the end of August, with uranium oxide grades as high as 59.2% with rare earths, lead and silver potential to boot.<\/p>\n Kumova said the mineralisation combination was unique.<\/a><\/p>\n \u201cTo have all of those minerals in the same place is incredibly exciting,\u201d he said.<\/p>\n \u201cI\u2019ve been looking to find analogous deposits and I just can\u2019t, I haven\u2019t seen it and I couldn\u2019t find anything like it.\u201d<\/p>\n \u201cWhen it comes to these types of grades, especially in uranium, normally you\u2019re going for parts per million mineralisation \u2013 59% is enormous.\u201d<\/p>\n The $50m market cap stock is up 100% year-to-date.<\/p>\n\n <\/span>\u00a0<\/p>\n (Up on no news)<\/p>\n In early August AGE raised $10.7m to accelerate its key projects \u2013 \u2018Samphire\u2019 in South Australia and \u2018Alligator Rivers\u2019 in the Northern Territory.<\/p>\n \u201cAlligator can now aim to advance the Samphire Project through scoping and into feasibility work in an improving uranium market,\u201d Alligator chief exec Greg Hall says.<\/p>\n \u201cWe believe our planned on-ground work on Samphire and the advanced work on the high-grade U40 Prospect extension will translate through to enhanced value to Alligator Shareholders.\u201d<\/p>\n The $205m market cap stock is up 640% year-to-date.<\/p>\n\n \ufeff<\/span>\ufeff<\/span><\/span><\/p>\n The post Resources Top \u2026 9: ASX uranium stocks are going berserk<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"ENERGY RESOURCES OF AUSTRALIA (ASX:ERA)<\/a><\/h2>\n
DELECTA (ASX:DLC)<\/a><\/h2>\n
DEEP YELLOW (ASX:DYL)<\/a><\/h2>\n
A-CAP ENERGY (ASX:ACB)<\/a><\/h2>\n
92 ENERGY (ASX:92E)<\/a><\/h2>\n
ENERGY METALS (ASX:EME)<\/a><\/h2>\n
VIMY RESOURCES (ASX:VMY)<\/a><\/h2>\n
VALOR RESOURCES (ASX:VAL)<\/a><\/h2>\n
ALLIGATOR ENERGY (ASX:AGE)<\/a><\/h2>\n