{"id":5275,"date":"2024-02-02T02:10:40","date_gmt":"2024-02-02T02:10:40","guid":{"rendered":"https:\/\/economicherald.net\/?p=5275"},"modified":"2024-02-02T02:10:40","modified_gmt":"2024-02-02T02:10:40","slug":"resources-top-5-uranium-edition","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5275","title":{"rendered":"Resources Top 5: Uranium Edition"},"content":{"rendered":"

ASX uranium stocks surge as spot price hits 17-year high
\nLed in early trade by near term miner Deep Yellow (ASX:DYL), enrichment hopeful Global Uranium (ASX:GUE), and red-hot WA explorer Cauldron Energy (ASX:CXU)
\nMako Gold also up +30% in morning trade on no news<\/p>\n

Here are the biggest resources winners in early trade, Friday February 2.<\/p>\n

\u00a0<\/p>\n

ALL THE URANIUM STOCKS (AGAIN)<\/h2>\n

Another big day for uranium stocks on the ASX after spot prices raced to their highest point since mid 2007.<\/p>\n

Spot #Uranium<\/a> soared today to highs not seen since mid 2007with #Nuclear<\/a> fuel brokers @Numerco<\/a> & @EvoMarkets<\/a> UP +$5.84 to $106.50\/lb #U3O8<\/a> and US @UraniumMarkets<\/a> UP +$6.00 to $106.25 with sellers asking $109 as scramble breaks out to secure lbs in a barren market. pic.twitter.com\/zZ40x69Xlh<\/a><\/p>\n

\u2014 John Quakes (@quakes99) February 1, 2024<\/a><\/p>\n\n

\u00a0<\/p>\n

Oh my God\u2026 look at that bid! #uranium<\/a> @energyburrito<\/a> pic.twitter.com\/s7C9JNTbTt<\/a><\/p>\n

\u2014 Uranium Corgi (@UrTokenCorgi) February 1, 2024<\/a><\/p>\n\n

It comes after world #1 producer Kazatomprom downgraded guidance for 2024<\/a>, blaming construction delays and the availability of sulphuric acid for processing.<\/p>\n

\u201cIf the limited access to sulphuric acid continues through the current year and the company does not succeed in reducing the delay in the construction schedule at the newly developed deposits in 2024, this could unfavourably influence Kazatomprom\u2019s production plans for 2025,\u201d the company says in its quarterly update.<\/p>\n

Bullish. After an exceptionally strong January, ASX yellowcake stocks shot out of the gate on Friday in response, led by near term miner Deep Yellow (ASX:DYL)<\/a>, enrichment hopeful Global Uranium (ASX:GUE)<\/a>, and red-hot WA explorer Cauldron Energy (ASX:CXU)<\/a>, which is now up 450% over the past 12 months.<\/p>\n

NOW READ: Tribeca\u2019s Guy Keller doesn\u2019t ask why uranium could hit US$175\/lb \u2026 he asks why not?<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

ASX Uranium Stocks Today<\/h2>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
CODE COMPANY % MARKET CAP DYL Deep Yellow Limited 18% $1,139,365,538 GUE Global Uranium 12% $26,526,122 CXU Cauldron Energy Ltd 10% $44,979,563 THR Thor Energy PLC 9% $6,139,199 BSN Basinenergylimited 8% $11,521,801 NFL Norfolkmetalslimited 8% $6,888,374 UVA Uvrelimited 8% $4,302,770 BOE Boss Energy Ltd 7% $2,312,972,261 AGE Alligator Energy 7% $293,535,484 BMN Bannerman Energy Ltd 7% $534,942,695 EL8 Elevate Uranium Ltd 7% $188,152,414 NXG Nexgenenergycanada 7% $443,880,424 EME Energy Metals Ltd 6% $32,500,913 PDN Paladin Energy Ltd 6% $3,848,554,438 TOE Toro Energy Limited 6% $57,735,287 PEN Peninsula Energy Ltd 6% $267,865,582 SLX Silex Systems 6% $1,165,573,611 LOT Lotus Resources Ltd 5% $597,033,159 GTR Gti Energy Ltd 5% $21,524,444 GLA Gladiator Resources 4% $15,457,421 DEV Devex Resources Ltd 4% $114,709,574 ARE Argonaut Resources 4% $24,678,604 1AE Auroraenergymetals 4% $22,288,970 AEE Aura Energy 4% $165,929,641 92E 92Energy 3% $62,395,185 MEU Marmota Limited 2% $45,528,425 BHP BHP Group Limited 1% $238,788,331,366 RIO Rio Tinto Limited 1% $49,108,192,950 MOM Moab Minerals Ltd 0% $4,983,744 VAL Valor Resources Ltd 0% $14,606,672 LAM Laramide Res Ltd 0% $18,315,551 ACB A-Cap Energy Ltd 0% $86,499,432 SBR Sabre Resources 0% $9,356,548 KNG Kingsland Minerals 0% $13,372,885 HAR Harangaresources 0% $20,144,110 BKY Berkeley Energia Ltd -6% $151,570,883 ADD Adavale Resource Ltd -7% $5,678,205 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

\u00a0<\/em><\/p>\n

MAKO GOLD (ASX:MKG)<\/a><\/h2>\n

(Up on no news)<\/em><\/p>\n

The $15m capped African gold junior is enjoying a nice bounce in 2024, up 70% year-to-date.<\/p>\n

Mako\u2019s focus is on Napi\u00e9 in C\u00f4te d\u2019Ivoire,\u00a0one of the less challenging countries in West Africa<\/strong>,<\/strong><\/a> where it has a 868,000oz-and growing resource.<\/p>\n

In efforts to bolster its inventory the company is currently doing a bunch of low-cost mapping\/ sampling exercises across the project area to generate new targets for drill testing.<\/p>\n

New sampling results announced yesterday from the Tchaga North target include 79.50g\/t, 60.66g\/t, and 44.73g\/t.<\/p>\n

\u201cThe mapping and rock chip sampling program which identified the yet to be drilled east-west structures hosting gold-bearing quartz veins, indicate that we may have discovered a high-grade system at Tchaga North,\u201d the company says.<\/p>\n

\u201cAfter the completion of the mapping\/rock chip sampling program, we will prioritise the areas and plan new holes to test these structures with north-south oriented drill holes.\u201d<\/p>\n\n

\ufeff<\/span><\/span>\u00a0
\n<\/span><\/p>\n

The post Resources Top 5: Uranium Edition<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ASX uranium stocks surge as spot price hits 17-year high Led in early trade by near term miner Deep Yellow (ASX:DYL), enrichment hopeful Global Uranium [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":5276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nResources Top 5: Uranium Edition - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=5275\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resources Top 5: Uranium Edition - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"ASX uranium stocks surge as spot price hits 17-year high Led in early trade by near term miner Deep Yellow (ASX:DYL), enrichment hopeful Global Uranium [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=5275\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-02T02:10:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/02\/finalu-5QlKQN.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5275#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5275\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Resources Top 5: Uranium Edition\",\"datePublished\":\"2024-02-02T02:10:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5275\"},\"wordCount\":609,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5275#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/finalu-5QlKQN.png\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=5275#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=5275\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=5275\",\"name\":\"Resources Top 5: Uranium Edition - 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