{"id":3025,"date":"2023-12-11T12:36:41","date_gmt":"2023-12-11T12:36:41","guid":{"rendered":"https:\/\/economicherald.net\/?p=3025"},"modified":"2023-12-11T12:36:41","modified_gmt":"2023-12-11T12:36:41","slug":"canada-unearthed-want-proper-uranium-exposure-look-no-further","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3025","title":{"rendered":"Canada Unearthed: Want proper uranium exposure? Look no further"},"content":{"rendered":"<p>Spot uranium price is at 16-year highs driven by strong physical market demand; long term outlook also strong<br \/>\nTSX is home to some of the biggest uranium companies in the world<br \/>\nMore than 50 uranium stocks on the TSX, TSXV and the CSE<br \/>\nPremier American Uranium (TSXV:PUR) listed December 1 with ground in two uranium-producing US regions<\/p>\n<p>Our Canada Unearthed column wraps the news driving mining and exploration stocks listed in Canada, mostly on the TSX and TSX.V.<\/p>\n<p>\u00a0<\/p>\n<p>The TSX is home to some of the biggest uranium companies in the world, like <strong>Cameco (TSX:CCO)<\/strong>, <strong>NexGen Energy (TSX:NXE)<\/strong>, <strong>Energy Fuels (TSX:EFR)<\/strong> and <strong>Denison Mines (TSX:DML)<\/strong>.<\/p>\n<p>These producers and advanced project developers possess a collective market cap of C$35bn, with C$26bn capped behemoth Cameco the main player.<\/p>\n<p>Meanwhile, the ASX has just two pure play uranium stocks with a market cap above A$1bn; <a href=\"https:\/\/stockhead.com.au\/company\/paladin-energy-pdn\/\" target=\"_blank\" rel=\"noopener\">Paladin (ASX:PDN)<\/a> A$2.8bn, and <a href=\"https:\/\/stockhead.com.au\/company\/boss-energy-boe\/\" target=\"_blank\" rel=\"noopener\">Boss Energy (ASX:BOE)<\/a> A$1.4bn.<\/p>\n<p>TSX, its venture arm the TSXV, and the CSE also boast a depth the ASX can only aspire to, with more than 50 stocks at all stages of the exploration, development, and mining cycle.<\/p>\n<p>You can expect that number to grow as the emerging uranium bull market gathers pace.<\/p>\n<p>The spot uranium price is at 16-year highs driven by strong physical market demand. Source: PUR<\/p>\n<p>Newest cab off the rank is Consolidated Uranium spinout <strong>Premier American Uranium (TSXV:PUR)<\/strong>, which listed December 1 with a bunch of ground in two prominent uranium-producing US regions: the Great Divide Basin of Wyoming and the Uravan Mineral Belt of Colorado.<\/p>\n<p>\u00a0<\/p>\n<p>New Week, New Listing! <\/p>\n<p>Incase you missed it, we are now trading on the TSX-V under the ticker symbol \u201cPUR\u201d.<\/p>\n<p>Don\u2019t forget to check out our new website &amp; sign up to our mailing list to stay updated on our progress at <a href=\"https:\/\/t.co\/PWdw6Nzzgj\">https:\/\/t.co\/PWdw6Nzzgj<\/a>\u00a0<a href=\"https:\/\/twitter.com\/search?q=%24PUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$PUR<\/a><a href=\"https:\/\/twitter.com\/hashtag\/Mining?src=hash&amp;ref_src=twsrc%5Etfw\">#Mining<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Uranium?src=hash&amp;ref_src=twsrc%5Etfw\">#Uranium<\/a> <a href=\"https:\/\/t.co\/xMhNNqrDx4\">pic.twitter.com\/xMhNNqrDx4<\/a><\/p>\n<p>\u2014 Premier American Uranium Inc. (@PremierAUranium) <a href=\"https:\/\/twitter.com\/PremierAUranium\/status\/1731744178617655407?ref_src=twsrc%5Etfw\">December 4, 2023<\/a><\/p>\n\n<p>These well-trod historical mining areas are becoming popular again as the uranium revival gathers pace, with ASX and TSX\/TSXV stocks scouring these regions in the hunt for yellowcake.<\/p>\n<p>PUR\u2019s flagship asset in Wyoming is called Cyclone, where it has an initial exploration target of 7.9-12.5Mlb uranium.<\/p>\n<p>Arguably more impressive than its projects are PUR\u2019s backers and leadership team.<\/p>\n<p>The tightly held stock is 47% owned by uranium investment firm Sachem Cove Partners, 14% by C$650m capped IsoEnergy (TSX:ISO), and 5% by C$160m capped Mega Uranium (TSX:MGA).<\/p>\n<p>IsoEnergy \u2013 which just merged with Consolidated Uranium \u2013 is up +1200% since the 2018 discovery of the high grade (48.61Mlbs at 34.5%) U3O8 Hurricane deposit in the eastern Athabasca Basin.<\/p>\n<p>Meanwhile, PUR CEO Tim Rotolo co-founded Sachem Cove and North Shore Indices, which launched a uranium mining ETF called URNM in 2019 when yellowcake was paying just US$25\/lb.<\/p>\n<p>URNM raised more than US$1 billion before the fund was sold to NYSE listed Canadian asset manager, Sprott Asset Management.<\/p>\n<p>PUR says there\u2019s a huge opportunity in the US, which accounts for ~30% of the world\u2019s nuclear power generation. The country is now looking for new sources of supply as it looks to ban imports of uranium from Russia, a major producer and enricher.<\/p>\n<p>Why not revive a formerly thriving domestic industry?<\/p>\n<p>\u00ad\u00ad<\/p>\n<p>Source: PUR<\/p>\n<p>\u201cWe are excited to commence trading on the TSXV,\u201d Rotolo says.<\/p>\n<p>\u201cAs a company purposely built with the aim of revitalizing U.S. domestic uranium production, we believe we are uniquely positioned against one of the strongest backdrops for both U.S. uranium fundamentals and physical uranium prices, now nearing a 16 year high.\u201d<\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/tsx\/canada-unearthed-want-proper-uranium-exposure-look-no-further\/\">Canada Unearthed: Want proper uranium exposure? Look no further<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Spot uranium price is at 16-year highs driven by strong physical market demand; long term outlook also strong TSX is home to some of the <a href=\"https:\/\/economicherald.net\/?p=3025\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3026,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada Unearthed: Want proper uranium exposure? 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