TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU
KELOWNA, BC, Oct. 5, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or the "Company") is pleased to announce that President and CEO, Ross McElroy, will present at the TD Securities Virtual Uranium Roundtable on October 7, 2021. Mr. McElroy will provide an update on Fission's resource expansion program and the on-going feasibility study for the Company's high-grade, near surface uranium project in Saskatchewan.
Event Details
Event: TD Securities Virtual Uranium Roundtable
Date: October 7, 2021
Fission Presentation: Thursday, October 7, 2021 at 2:10pm ET
Company Webcasting Link: Fission Presentation
Location: Virtual Conference
About Fission Uranium
Fission Uranium Corp. is a Canadian based resource company specializing in the development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit. The Company is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the Toronto Stock Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."
ON BEHALF OF THE BOARD
" Ross McElroy "
Ross McElroy, President & CEO
Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
SOURCE Fission Uranium Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/05/c0944.html
Chicago, IL – October 5, 2021 – Stocks in this week’s article are Ternium S.A. TX, Centrus Energy Corp. LEU and Sanderson Farms, Inc. SAFM.
Efficiency level measures a company’s capability to transform available input into output and is often considered an important parameter for gauging a company’s potential to make profits. One must consider popular efficiency ratios while selecting stocks. These are the efficiency ratios:
Inventory Turnover: The ratio of 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low inventory level compared to COGS, a low value indicates that the company is facing declining sales, which resulted in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
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TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, Oct. 5, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") announces that, further to its news release dated September 29, 2021, it has issued 1,666,714 common shares in the capital of the Company (each, a "Share"), at a deemed issue price of $0.2063 per Share, in settlement of drilling services totaling $343,843.20.
The Shares are subject to a four month hold period expiring on February 2, 2022 required pursuant to the policies of the TSX Venture Exchange.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the Company's ability to execute and implement its future plans. The actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, except as may be required by applicable securities laws.
View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-announces-issuance-of-shares-for-services-301392546.html
SOURCE Blue Sky Uranium Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/05/c5509.html
Drill Hole DD21ES15C significantly exceeds previous results: 77 m at 2.95 g/t 2PGE+Au from surface, incl. 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 29.7 m
VANCOUVER, British Columbia, Oct. 04, 2021 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on metallurgy at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.
“We are very encouraged by confirmatory drill core assay results from the Esbarro and Curiu PGE deposits, which returned impressive, high-grade palladium-platinum through broad intercepts from surface,” stated ValOre’s VP of Exploration, Colin Smith. “In addition, we welcome metallurgist Chris Kaye to the ValOre team, whose extensive experience will help accelerate the advancement of the Pedra Branca Project.”
Key Updates on Metallurgical Drilling, Testwork and Personnel:
Ten HQ-size core drill holes totaling 591 metres (“m”) at the Curiu and Esbarro PGE deposit areas were completed, logged, sampled and assayed prior to planned metallurgical testwork;
All 10 drill holes confirmed the historically reported geology and returned high-grade, shallow PGE-mineralized intercepts including:
77 m at 2.95 g/t 2PGE+Au from surface, incl. 45 m at 4.76 g/t 2PGE+Au, 0.1 g/t Rh from 16 m, and 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 30 m in drill hole DD21ES15C
49 m at 2.03 g/t 2PGE+Au from 19 m, incl. 4.6 m at 11.94 g/t 2PGE+Au, 0.25 g/t Rh from 23.68 m in Drill hole DD21CU12A
77 m at 1.01 g/t 2PGE+Au from surface in drill hole DD21PBE30A
47 m at 1.51 g/t 2PGE+Au from surface in drill hole DD21CU12A;
Highly experienced metallurgist, Chris Kaye, has been engaged to oversee the current and future testwork campaigns;
Metallurgical testwork program at ALS Metallurgy Kamloops (“ALS”) expected to commence mid-October, with a primary focus on mineralogy and conventional processing circuits;
Composite samples have been selected and shipped.
*Reported core assay interval lengths are estimated to represent 95-100% true width
2021 Metallurgical Drill Program
Ten HQ-size core drill holes (totaling 591 m) were completed to provide PGE mineralized material for planned metallurgical testwork. Six holes (378 m) were drilled into the Esbarro deposit (394,000 ounces 2PGE+Au contained in an inferred resource of 9.9 million tonnes (“Mt”) grading 1.23 g/t 2PGE+Au), and four holes (213 m) were drilled into the Curiu deposit (1.6 Mt grading 1.93 g/t 2PGE+Au, containing 100,000 ounces).
All drill holes confirmed the historically reported mineralized ultramafic (“UM”) intrusion and returned broad, shallow, high-grade 2PGE+Au intercepts. See Table 1 below for a complete table of drill core assays and CLICK HERE for a map of the metallurgical drill hole locations at Esbarro and Curiu (Figure 1).
Table 1: Drill Core 2PGE+Au Assays from the 2021 Metallurgical Drill Program
|
Deposit |
Hole ID |
From |
To |
Length |
Au |
Pd |
Pt |
2PGE+Au |
Summary Interval |
|
Esbarro |
DD21ES15C |
0.00 |
77.00 |
77.00 |
0.04 |
2.06 |
0.85 |
2.95 |
77 m at 2.95 g/t 2PGE+Au from surface |
|
16.00 |
61.00 |
45.00 |
0.04 |
3.33 |
1.38 |
4.76 |
|||
|
29.65 |
36.00 |
6.35 |
0.10 |
11.66 |
5.17 |
16.92 |
|||
|
Esbarro |
DD21PBE30A |
0.00 |
77.00 |
77.00 |
0.05 |
0.64 |
0.32 |
1.01 |
77 m at 1.01 g/t 2PGE+Au from surface |
|
36.03 |
49.00 |
12.97 |
0.02 |
1.79 |
0.91 |
2.71 |
|||
|
36.69 |
39.36 |
2.67 |
0.04 |
5.19 |
2.58 |
7.82 |
|||
|
Esbarro |
DD21RW005A |
0 |
56.12 |
56.12 |
0.01 |
0.73 |
0.39 |
1.13 |
56 m at 1.13 g/t 2PGE+Au from surface |
|
16.77 |
33.64 |
16.87 |
0.02 |
1.61 |
0.75 |
2.38 |
|||
|
16.77 |
18.08 |
1.31 |
0.03 |
9.41 |
3.52 |
12.96 |
|||
|
Esbarro |
DD21PBE17A |
0.00 |
31.34 |
31.34 |
0.01 |
1.48 |
0.45 |
1.95 |
31 m at 1.95 g/t 2PGE+Au from surface incl. 18 m at 3.14 g/t 2PGE+Au from surface |
|
0.00 |
17.81 |
17.81 |
0.01 |
2.45 |
0.68 |
3.14 |
|||
|
Esbarro |
DD21ES13A |
0.00 |
32.33 |
32.33 |
0.04 |
0.78 |
0.27 |
1.10 |
32 m at 1.10 g/t 2PGE+Au from surface incl. 21 m at 1.47 g/t 2PGE+Au from surface and 6.0 m at 2.80 g/t 2PGE+Au from surface |
|
0.00 |
21.00 |
21.00 |
0.06 |
1.10 |
0.31 |
1.47 |
|||
|
0.00 |
6.00 |
6.00 |
0.12 |
2.15 |
0.54 |
2.80 |
|||
|
Esbarro |
DD21PBE35A |
9.54 |
42.00 |
32.46 |
0.01 |
0.62 |
0.39 |
1.03 |
32 m at 1.03 g/t 2PGE+Au from 9.5 m incl. 16 m at 1.67 g/t 2PGE+Au from 15 m |
|
15.00 |
31.00 |
16.00 |
0.01 |
1.02 |
0.64 |
1.67 |
|||
|
Curiu |
DD21CU12A |
18.97 |
68.18 |
49.21 |
0.06 |
1.25 |
0.72 |
2.03 |
49 m at 2.03 g/t 2PGE+Au from 19 m |
|
23.68 |
28.25 |
4.57 |
0.12 |
7.77 |
4.06 |
11.94 |
|||
|
Curiu |
DD21CU26A |
0.00 |
17.80 |
17.80 |
0.14 |
2.46 |
1.70 |
4.30 |
18 m at 4.30 g/t 2PGE+Au from surface |
|
Curiu |
DD21CU22A |
0.00 |
47.00 |
47.00 |
0.06 |
0.86 |
0.59 |
1.51 |
47 m at 1.51 g/t 2PGE+Au from surface |
|
0.00 |
8.00 |
8.00 |
0.16 |
2.31 |
2.00 |
4.47 |
|||
|
27.80 |
30.30 |
2.50 |
0.10 |
2.73 |
1.06 |
3.89 |
|||
|
Curiu |
DD21CU15A |
0.00 |
37.00 |
37.00 |
0.05 |
1.00 |
0.65 |
1.70 |
37 m at 1.70 g/t 2PGE+Au from surface |
|
1.00 |
6.85 |
5.85 |
0.12 |
2.79 |
2.40 |
5.30 |
*Reported core assay interval lengths are estimated to represent 95-100% true width
ALS Metallurgy Testwork Program
The ALS testwork program will comprise a detailed mineralogical assessment and conventional flotation tests on a composite sample of ¼ HQ drill core from the Curiu deposit. A Particle Size Analysis (“PSA”) study will be performed prior to the mineralogical assessment, and subsequent rougher floatation, Davis Tube and magnetic separation rougher tests will be completed. Assays will be taken on the heads, fractions, and final test products to assess metallurgical recoveries.
Historical metallurgical testing of material from the Pedra Branca project has involved assessing a range of different processing alternatives, including conventional treatment such as grinding, and flotation as it relates to alterations and material types. This testwork has produced a valuable insight into the metallurgical response of the different material types associated with the project; particularly with respect to the Curiu material. The ALS metallurgical testwork program is designed to leverage from this historical testing and incorporate mineralogical assessment of rock types while evaluating modifications to the processing route and optimizing the treatment criterion developed to date.
About ALS Metallurgy Kamloops
ALS has established a reputation as a leader in process development, circuit optimization and mineralogical analysis. As the global leader in metallurgical testing and consulting services for mineral process flowsheet development and optimization, ALS offers mineral processing testing by both bench scale and pilot scale facilities, hydrometallurgical and mineralogical test services, and project management by expert metallurgists.
CLICK HERE for more information regarding ALS Metallurgy Kamloops.
Chris Kaye, Metallurgist
ValOre will draw on the experience of metallurgist, Chris Kaye (President & Principal Process Engineer of Mine and Quarry Engineering Services Inc., “MQes”), to oversee current and future metallurgical testwork programs for Pedra Branca. Chris has over 35 years’ experience in mining and mineral processing, working with operating mines, engineering companies and consulting companies. He has expertise in PGEs, Gold, Silver, Copper, Nickel, Lead, Zinc and Aluminum projects in Australia, Finland, Canada, Zambia, Argentina, Chile, Mexico and the USA, with extensive experience in project development, managing plants, and developing “green-field” projects.
CLICK HERE for more information regarding MQes.
Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting
CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.
Qualified Person (QP)
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.
About ValOre Metals Corp.
ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.
In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.
The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.
Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.
ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.
On behalf of the Board of Directors,
“Jim Paterson”
James R. Paterson, Chairman and CEO
ValOre Metals Corp.
For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 604.653.9464, or by email at contact@valoremetals.com.
ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.


NYSE American Symbol – UEC
CORPUS CHRISTI, Texas, Oct. 4, 2021 /CNW/ – Uranium Energy Corp. (NYSE American: UEC) ("UEC" or the "Company") invites investors and shareholders to attend the Company's presentation at the TD Securities Virtual Uranium Roundtable on Thursday, October 7, 2021, at 3:10 PM ET.
Interested investors can register to attend UEC's live webcast on October 7th via the TD Virtual Uranium Roundtable registration link: https://bit.ly/3zEAR2F
The presentation recording will be made available on the company's website for 90 days after the conference.
About Uranium Energy Corp
Uranium Energy Corp is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly In-Situ Recovery (ISR) mining uranium projects. In South Texas, the Company's hub-and-spoke operations are anchored by our fully-licensed Hobson Processing Facility which is central to our Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the Company's diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the Company owns one of the largest and highest-grade ferro-titanium deposits in the world. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103
View original content:https://www.prnewswire.com/news-releases/uranium-energy-corp-to-present-at-the-td-virtual-uranium-roundtable-301391463.html
SOURCE Uranium Energy Corp
View original content: http://www.newswire.ca/en/releases/archive/October2021/04/c4951.html
Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) (the "Company" or "GoviEx"), today announced that its CEO, Daniel Major, will present at the TD Securities Virtual Uranium Roundtable on Thursday, October 7, 2021 at 11:05am EST. The presentation will consist of a 15-minute formal description of the Company and its financial position, followed by a 10-minute Q&A session. GoviEx welcomes stakeholders, investors, and other individual followers to attend this live event by registering here: https://bit.ly/3iw6CFu
About GoviEx Uranium Inc.
GoviEx (TSXV: GXU) (OTCQB: GVXXF), is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.
Contact Information
Isabel Vilela
Head of Investor Relations and Corporate Communications
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com
Cautionary Note to United States Persons: The disclosure contained herein does not constitute an offer to sell or the solicitation of an offer to buy securities of GoviEx Uranium Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98499
Efficiency level measures a company’s capability to transform available input into output and is often considered an important parameter for gauging a company’s potential to make profits. One must consider popular efficiency ratios while selecting stocks. These are the efficiency ratios:
Inventory Turnover: The ratio of 12-month cost of goods sold (COGS) to a four-quarter average inventory is considered one of the most popular efficiency ratios. It indicates a company’s ability to maintain a suitable inventory position. While a high value indicates that the company has a relatively low inventory level compared to COGS, a low value indicates that the company is facing declining sales, which resulted in excess inventory.
Receivables Turnover: This is the ratio of 12-month sales to four-quarter average receivables. It shows a company’s potential to extend its credit and collect debt in terms of that credit. A high receivables turnover ratio or the “accounts receivable turnover ratio” or “debtor’s turnover ratio” is desirable as it shows that the company is capable of collecting its accounts receivables or that it has quality customers.
Operating Margin: This efficiency measure is the ratio of operating income over the past 12 months to sales over the same period. It measures a company’s ability to control operating expenses. Hence, a high value of the ratio may indicate that the company manages its operating expenses more efficiently than its peers.
Asset Utilization: This ratio indicates a company’s capability to convert assets into output and is thus a widely known measure of efficiency level. It is calculated by dividing total sales over the past 12 months by the last four-quarter average of total assets. Like the above ratios, high asset utilization may indicate that a company is efficient.
In addition to the above-mentioned ratios, we have added a favorable Zacks Rank — Zacks Rank #1 (Strong Buy) — to the screen intending to make this strategy more profitable. You can see the complete list of today’s Zacks #1 Rank stocks here.
Operating Margin, Asset Utilization, Inventory Turnover and Receivables Turnover greater than industry average.
(Values of these ratios higher than industry averages may indicate that the efficiency level of the company is higher than its peers.)
The use of these few criteria narrowed down the universe of more than 7,906 stocks to 17.
Here are the top three stocks that made it through the screen:
Ternium S.A. TX is the leading producer of flat and long steel products in Latin America. It has an average four-quarter earnings surprise of 77.1%.
Centrus Energy Corp. LEU is a supplier of enriched uranium fuel for commercial nuclear power plants. It has an average four-quarter earnings surprise of 231.8%.
Sanderson Farms, Inc. SAFM is a poultry processing company that produces, processes, markets and distributes fresh and frozen chicken products. It has an average four-quarter earnings surprise of 496.3%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
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Vancouver, British Columbia–(Newsfile Corp. – October 4, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that due to additional demand from investors, the Company's non-brokered private placement announced on September 17, 2021 of flow-through units (the "FT Units") and non-flow-through units (the "NFT Units") has been increased for gross proceeds of up to $3,100,000 (the "Offering"). The Offering will be available to Canadian and international accredited investors. Red Cloud Securities Inc. of Toronto, Ontario, has agreed to act as a finder for ALX for the Offering.
Up to 13,333,333 FT Units are offered at a price of $0.105 per FT Unit consisting of one flow-through common share and one half of one non flow-through common share purchase warrant, and up to 17,894,736 NFT Units are offered at a price of $0.095 per NFT Unit consisting of one common share and one common share purchase warrant. One whole common share purchase warrant from the FT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering. One common share purchase warrant from the NFT Units will entitle the holder to purchase one non flow-through common share of the Company at a price of $0.14 for a period expiring 24 months following the closing date of the Offering.
Finder's fees will be payable to Red Cloud and other qualified finders in connection with the Offering consisting of 7.0% cash and 7.0% finder's warrants, with each finder's warrant exercisable at price of $0.095 for a period expiring 24 months following the closing date of the Offering. All the securities issuable will be subject to a four-month hold period from the date of closing, which is expected to occur on or about October 8, 2021.
Proceeds from the sale of FT Units will be used for exploration programs on the Company's Saskatchewan uranium and gold properties, and on its Ontario nickel and copper properties. Proceeds from the sale of NFT Units will be used for general working capital.
About ALX
ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF."
ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 250,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.
ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project and the Javelin-McKenzie Lake Uranium Project.
ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two stages), and in the Draco VMS Project in Norway.
For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com
On Behalf of the Board of Directors of ALX Resources Corp.
"Warren Stanyer"
Warren Stanyer, CEO and Chairman
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, public health, environmental and technological factors that may affect the Company's operations, markets, products and share price. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward looking statement risk factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98540
TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".
The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and is currently the Chief Executive Officer at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.
For more information about the Company, visit www.redpineexp.com
Or contact:
Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com
Or
Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


After a long slumber, bears have finally awakened. Their wrath is being felt across all risk assets, and we’re officially in the midst of the biggest correction in the S&P 500 for the year. Granted, we’re still only down 5% from the peak, but in as low a volatility environment as we’ve seen this year, that qualifies as the worst whack of 2021. And yet, despite the mayhem, I’m sharing three stocks to buy.
When the market backdrop gets as ugly as it is now, I get extremely selective on new trades. Only the best setups make the cut, and even then, I sometimes pass until the S&P 500 starts to show signs of bottoming.
Today’s trio all boast relative strength and uptrends that remain intact. What’s more, they all saw increasing momentum on the last advance, despite a sinking market.
InvestorPlace – Stock Market News, Stock Advice & Trading Tips
That’s the pitch. Here are the picks:
Let’s take a closer look at each chart to chronicle the recent muscle-flexing. Then, we’ll map out a path to profit.
Source: The thinkorswim® platform from TD Ameritrade
If you’re going to buy something while the sky is falling, it certainly helps if it doesn’t have a strong correlation to the stock market. Lately, shares of Canadian uranium producer, Cameco Corp, have been moving to the beat of their own drum. Sometimes CCJ stock moves with the S&P 500; sometimes it doesn’t. As a result of the mixed relationship, CCJ has a 10-week correlation to the market near zero.
This is the type of stock I’d be willing to buy in large part because further market weakness doesn’t automatically mean CCJ will suffer. But that’s not all. The price chart looks bullish. We just saw nearly a month of rising prices that took CCJ from $15 to $26. Volume surged, adding legitimacy to the move. And now, we have our first pullback. It’s been deep, yes, but we’re still above the rising 50-day moving average.
I like selling puts to bet CCJ will stay above $17 for the next month.
The Trade: Sell the November $17 naked put for 50 cents.
Source: The thinkorswim® platform from TD Ameritrade
Three weeks ago, I wouldn’t have touched Uber with a 10-foot pole. But much has changed.
The primary reason for my about-face was the massive gap on Sept. 21 that single-handedly reversed the downtrend. Volume eclipsed 100 million shares, marking the highest volume session of the year. This wasn’t some retail-driven micro-rally but an institutional-led influx.
Given the strength of the ramp, I’m inclined to believe the new uptrend will have staying power. And that makes me a buyer of dips.
Over the past three days, UBER stock has retreated three sessions, ending with a doji on Thursday. This morning’s gap higher is confirming a new upswing is beginning. I would build a directional play in a healthier environment, but to respect the broader market correction, we’re taking the higher probability route with a naked put play.
If you think UBER can stay above $37.50 for the next month, enter the following play.
The Trade: Sell the November $37.50 puts for 50 cents.
If there’s one sector that has shone brightest during the recent drama, it’s energy. And that makes it an obvious place to look for stocks to buy.
You can thank the strength in crude oil for the sector’s spunk. Oil prices are back to testing major resistance near $75 and haven’t budged in recent days, despite the thrashing suffered by equities.
There are a lot of good-looking energy stocks right now, but I’d suggest taking a good look at Marathon Oil. Its share price is flirting with a major breakout over $14. This zone has provided stiff resistance for the past five months. Once we take it out, I suspect buyers will come running.
Additionally, the cheap price tag of MRO stock makes it a great candidate for selling puts. The margin requirement is low, and the potential return is juicy.
The Trade: Sell the November $12 naked put for 36 cents.
On the date of publication, Tyler Craig did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
For a free trial to the best trading community on the planet and Tyler’s current home, click here!
The post 3 Stocks to Buy Despite the Market Mayhem appeared first on InvestorPlace.
For many, the main point of investing in the stock market is to achieve spectacular returns. While the best companies are hard to find, but they can generate massive returns over long periods. To wit, the Energy Fuels Inc. (TSE:EFR) share price has soared 345% over five years. This just goes to show the value creation that some businesses can achieve. In more good news, the share price has risen 30% in thirty days.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Check out our latest analysis for Energy Fuels
With just US$1,679,000 worth of revenue in twelve months, we don't think the market considers Energy Fuels to have proven its business plan. So it seems shareholders are too busy dreaming about the progress to come than dwelling on the current (lack of) revenue. For example, they may be hoping that Energy Fuels finds fossil fuels with an exploration program, before it runs out of money.
As a general rule, if a company doesn't have much revenue, and it loses money, then it is a high risk investment. There is almost always a chance they will need to raise more capital, and their progress – and share price – will dictate how dilutive that is to current holders. While some such companies do very well over the long term, others become hyped up by promoters before eventually falling back down to earth, and going bankrupt (or being recapitalized). Of course, if you time it right, high risk investments like this can really pay off, as Energy Fuels investors might know.
Energy Fuels had cash in excess of all liabilities of US$53m when it last reported (June 2021). That's not too bad but management may have to think about raising capital or taking on debt, unless the company is close to breaking even. With the share price up 54% per year, over 5 years , the market is seems hopeful about the potential, despite the cash burn. The image below shows how Energy Fuels' balance sheet has changed over time; if you want to see the precise values, simply click on the image.
In reality it's hard to have much certainty when valuing a business that has neither revenue or profit. Given that situation, many of the best investors like to check if insiders have been buying shares. It's usually a positive if they have, as it may indicate they see value in the stock. You can click here to see if there are insiders buying.
We're pleased to report that Energy Fuels shareholders have received a total shareholder return of 287% over one year. That's better than the annualised return of 35% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example – Energy Fuels has 4 warning signs we think you should be aware of.
Energy Fuels is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
Calgary, Alberta–(Newsfile Corp. – October 1, 2021) – New Stratus Energy Inc. (TSXV: NSE) ("New Stratus" or the "Corporation") is pleased to announce that Greg Bay was elected to the Corporation's board of directors at the annual general meeting held on September 16, 2021. Mr. Bay is Managing Partner and Founder of Cypress Capital Management Ltd., a Canadian boutique money manager affiliated with AGF Management Ltd.
The Corporation also announces the grant of incentive stock options to acquire a total of 3,500,000 common shares of the Corporation to various directors, officers and consultants of the Corporation pursuant to the Corporation's stock option plan and subject to any regulatory approval. Each stock option, vests immediately and is exercisable at a price of $0.30 per share for a period of five years from the grant date.
Contact Information:
Jose Francisco Arata
Chief Executive Officer
jfarata@newstratus.energy
Wade Felesky
President
wfelesky@newstratus.energy
Mario Miranda
Chief Financial Officer
mmiranda@newstratus.energy
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98297.
Vancouver, British Columbia–(Newsfile Corp. – September 30, 2021) – ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has acquired the McKenzie Lake Uranium Project ("McKenzie Lake", or the "Project") in northern Saskatchewan, Canada. McKenzie Lake consists of four mineral claims purchased from an arm's length vendor group, and a fifth mineral claim staked by the Company, giving the Project a total area of 6,916 hectares (17,089 acres). McKenzie Lake is located near the eastern margin of the Athabasca Basin approximately 20 kilometres (12.5 miles) north of the Company's newly acquired Javelin Uranium Project, and about 55 kilometres (34 miles) southeast of the McArthur River Uranium Mine.
McKenzie Lake Uranium Project
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3046/98098_78d8d9ad04eab957_001full.jpg
About McKenzie Lake
McKenzie Lake is located outside of the eastern margin of the Athabasca Basin within the central parts of the Wollaston Domain basement rocks, which host prolific uranium mines such as Key Lake, McArthur River, Cigar Lake and Rabbit Lake, amongst others. Two recent discoveries of note have been made in the McKenzie Lake-Javelin area, immediately to the southwest of the McKenzie Lake claims. The first is a discovery by 92 Energy Ltd. at their Gemini Project, where strongly anomalous basement-hosted uranium mineralization was intersected in drill hole GEM-004. More recently, and in close proximity to the discovery of 92 Energy Ltd., Baseload Energy Corp. reported the intersection of a broad zone of anomalous radioactivity in their 2021 drill hole HK21-07.
ALX has staked several other claims in the McKenzie Lake-Javelin area, which will be announced once mineral tenure is formally granted by the Government of Saskatchewan.
Details of the Transaction
ALX has agreed to pay a vendor group (the "Vendors") $7,500 cash and 250,000 common shares of ALX for a 100% interest in four of the McKenzie Lake claims (the "Purchased Claims") totaling 2,458.6 hectares. ALX staked a fifth claim totaling 4,457.6 hectares, which brings the total Project area to 6,916 hectares (17,089 acres). The Vendor will retain a 2.0% net smelter returns royalty, 1.0% of which can be purchased by ALX at any time for $1.0 million. The acquisition of the Purchased Claims is subject to acceptance by the TSX Venture Exchange.
National Instrument 43-101 Disclosure
The technical information in this news release has been reviewed and approved by Jody Dahrouge, P.Geo., a Director of ALX, who is a Qualified Person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Historical geochemical results and geological descriptions quoted in this news release were taken directly from third party news releases. Management cautions that results reported by third parties on adjacent properties have not been verified nor confirmed by its Qualified Person, but ALX believes they create a scientific foundation for the exploration of McKenzie Lake. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on ALX's mineral properties.
About ALX
ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol "AL", on the Frankfurt Stock Exchange under the symbol "6LLN" and in the United States OTC market under the symbol "ALXEF".
ALX's mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include uranium, nickel-copper-cobalt and gold projects. The Company uses the latest exploration technologies and holds interests in over 250,000 hectares of prospective lands in Saskatchewan, a stable Canadian jurisdiction that hosts the highest-grade uranium mines in the world, a producing gold mine, and production from base metals mines, both current and historical.
ALX holds interests in a number of uranium exploration properties in northern Saskatchewan, including a 20% interest in the Hook-Carter Uranium Project, located within the uranium-rich Patterson Lake Corridor with Denison Mines Corp. (80% interest) operating exploration since 2016, a 40% interest in the Black Lake Uranium Project (a joint venture with UEX Corporation and Orano Canada Inc.), and 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, and the Javelin and McKenzie Lake Uranium Projects.
ALX also owns 100% interests in the Firebird Nickel Project (now under option to Rio Tinto Exploration Canada Inc., who can earn up to an 80% interest), the Flying Vee Nickel/Gold and Sceptre Gold projects, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100% interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100% interest in two option stages), and in the Draco VMS Project in Norway.
For more information about the Company, please visit the ALX corporate website at www.alxresources.com or contact Roger Leschuk, Manager, Corporate Communications at: PH: 604.629.0293 or Toll-Free: 866.629.8368, or by email: rleschuk@alxresources.com
On Behalf of the Board of Directors of ALX Resources Corp.
"Warren Stanyer"
Warren Stanyer, CEO and Chairman
FORWARD-LOOKING STATEMENTS
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include: the McKenzie Lake Uranium Project ("McKenzie Lake") is prospective for uranium mineralization; the Company's plans to undertake exploration activities at McKenzie Lake, and expend funds on McKenzie Lake. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that ALX may not be able to fully finance exploration at McKenzie Lake, including drilling; our initial findings at McKenzie Lake may prove to be unworthy of further expenditure; commodity prices may not support exploration expenditures at McKenzie Lake; and economic, competitive, governmental, societal, public health, environmental and technological factors may affect the Company's operations, markets, products and share price. Even if we explore and develop McKenzie Lake, and even if uranium or other metals or minerals are discovered in quantity, McKenzie Lake may not be commercially viable. Additional risk factors are discussed in the Company's Management Discussion and Analysis for the Six Months Ended June 30, 2021, which is available under the Company's SEDAR profile at www.sedar.com. Except as required by law, we will not update these forward-looking statement risk factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98098
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, Sept. 29, 2021 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:
5,793,333 warrants that are set to expire on October 23, 2021 to be extended to October 23, 2024.
The exercise price of the warrants will remain at $0.25. Each whole warrant, when exercised, will be exchangeable for one common share of the Company.
The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to of properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-applies-to-extend-warrants-301387456.html
SOURCE Blue Sky Uranium Corp.
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, Sept. 29, 2021 /PRNewswire/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") announces that the Company has made an application to the TSX Venture Exchange to extend the term of the outstanding warrants as follows:
5,793,333 warrants that are set to expire on October 23, 2021 to be extended to October 23, 2024.
The exercise price of the warrants will remain at $0.25. Each whole warrant, when exercised, will be exchangeable for one common share of the Company.
The amendment is subject to the approval of the TSX Venture Exchange ("TSXV").
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to of properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-applies-to-extend-warrants-301387456.html
SOURCE Blue Sky Uranium Corp.
VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2) is pleased to announce the closing of the first tranche of its non-brokered private placement (the “Offering”). Under the first tranche, the Company raised C$6,405,000 from the sale of the following:
60,805,988 units of the Company (the “Units”) at a price of C$0.07 per Unit;
10,933,459 flow-through units of the Company (the “FT Units”) at a price of C$0.075 per FT Unit; and
14,285,714 FT Units sold to charitable buyers (the “Charity FT Units”) at a price of C$0.093 per Charity FT Unit.
The final tranche of the C$7.6M total Offering is fully-subscribed, and the Company anticipates closing taking place in the coming weeks.
Red Cloud Securities Inc. is acting as a finder in connection with the Offering.
Each Unit consists of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each FT Unit and Charity FT Unit consists of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.10 at any time before September 29, 2024.
The gross proceeds from the issuance of the FT Shares will be used for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced with an effective date no later than December 31, 2021 to the purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Shares for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures. It is expected that expenditures will largely be focused on the upcoming 30 to 35-hole, 7,000 m drill program at the East Preston Uranium Project located in the western Athabasca Basin in Saskatchewan, Canada.
The net proceeds from the sale of Units will be used primarily for the continued development of the Company’s East Preston uranium project, for working capital, and general corporate purposes.
In connection with the closing of the first tranche of the Offering, the Company paid finder’s fees totaling C$422,045, advisory fees totaling C$69,680 and issued a total of 6,593,437 finder’s warrants of the Company (each, a “Finder’s Warrant”). Each Finder’s Warrant is exercisable into one common share of the Company at a price of C$0.07 at any time before September 30, 2024. The Unit Shares, FT Shares, Warrant Shares and any common shares of the Company that are issuable from any Finder’s Warrants will be subject to a hold period ending on January 30, 2022 in accordance with applicable securities laws.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its majority controlled joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
“Alex Klenman”
Alex Klenman, President & CEO
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com
Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com


VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ, OTCQB: AZURF, FSE: A0U2) is pleased to announce the closing of the first tranche of its non-brokered private placement (the “Offering”). Under the first tranche, the Company raised C$6,405,000 from the sale of the following:
60,805,988 units of the Company (the “Units”) at a price of C$0.07 per Unit;
10,933,459 flow-through units of the Company (the “FT Units”) at a price of C$0.075 per FT Unit; and
14,285,714 FT Units sold to charitable buyers (the “Charity FT Units”) at a price of C$0.093 per Charity FT Unit.
The final tranche of the C$7.6M total Offering is fully-subscribed, and the Company anticipates closing taking place in the coming weeks.
Red Cloud Securities Inc. is acting as a finder in connection with the Offering.
Each Unit consists of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each FT Unit and Charity FT Unit consists of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.10 at any time before September 29, 2024.
The gross proceeds from the issuance of the FT Shares will be used for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced with an effective date no later than December 31, 2021 to the purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Shares for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures. It is expected that expenditures will largely be focused on the upcoming 30 to 35-hole, 7,000 m drill program at the East Preston Uranium Project located in the western Athabasca Basin in Saskatchewan, Canada.
The net proceeds from the sale of Units will be used primarily for the continued development of the Company’s East Preston uranium project, for working capital, and general corporate purposes.
In connection with the closing of the first tranche of the Offering, the Company paid finder’s fees totaling C$422,045, advisory fees totaling C$69,680 and issued a total of 6,593,437 finder’s warrants of the Company (each, a “Finder’s Warrant”). Each Finder’s Warrant is exercisable into one common share of the Company at a price of C$0.07 at any time before September 30, 2024. The Unit Shares, FT Shares, Warrant Shares and any common shares of the Company that are issuable from any Finder’s Warrants will be subject to a hold period ending on January 30, 2022 in accordance with applicable securities laws.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.
About Azincourt Energy Corp.
Azincourt Energy is a Canadian-based resource company specializing in the strategic acquisition, exploration, and development of alternative energy/fuel projects, including uranium, lithium, and other critical clean energy elements. The Company is currently active at its majority controlled joint venture East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada, and the Escalera Group uranium-lithium project located on the Picotani Plateau in southeastern Peru.
ON BEHALF OF THE BOARD OF AZINCOURT ENERGY CORP.
“Alex Klenman”
Alex Klenman, President & CEO
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes “forward-looking statements”, including forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Azincourt. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially.
For further information please contact:
Alex Klenman, President & CEO
Tel: 604-638-8063
info@azincourtenergy.com
Azincourt Energy Corp.
1430 – 800 West Pender Street
Vancouver, BC V6C 2V6
www.azincourtenergy.com


Toronto, Ontario–(Newsfile Corp. – September 29, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced the commencement of its Fall drill program within the northeastern margin of Saskatchewan's Athabasca Basin in Canada.
"The focus of the drill program is our 100% owned Henday Lake project that we have been eager to advance for some time now," Scott Frostad, Purepoint's VP of Exploration stated. "This will be Purepoint's first drill program on the project following our airborne electromagnetic and ground gravity surveys that were completed to ensure the optimal targets are tested".
Highlights:
Purepoint is planning three initial diamond drill holes at an average depth of approximately 400 metres each.
The targeted electromagnetic conductor lies within an east-west trending magnetic low, considered to represent pelitic basement rocks, a typical host rock for economic uranium mineralization.
The Huskie Uranium deposit, discovered by Denison in 2017, is due west of the Henday Lake project and is associated with an east-west trending magnetic low.
Depending on initial results and timing, Purepoint can extend this drilling program if appropriate.
Work to date on the project is outlined in detail in an NI 43-101 compliant technical report which can be found on the Company's website.
Henday Lake
The 100% owned Henday Lake property is 1,029 hectares in size and consists of 2 claims. This property is located nine kilometres northwest of Orano's Midwest Lake deposit (41 million lbs. U3O8) and ten kilometres west of Rio Tinto's Roughrider Deposit (57 million lbs. U3O8).
Only one drill hole is known to have been drilled on the property. Hole HLH8-71 was drilled by Cogema Resources (now Orano Resources Canada Inc.) in 1998 and encountered a steeply dipping, strongly graphitic fault gouge at the bottom of the hole. The claims rest within a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization. The depth to basement is locally less than 350 metres.
Denison's recently discovered Huskie deposit is located approximately 10 km due east along strike from Henday Lake. An NI 43-101 technical report dated October, 2018 estimates the inferred resource of the Husky deposit to be 5.7 million Ibs. U3O8.
The Henday Lake property falls within the Mudjatik-Wollaston Tectonic Zone, a northeast trending structural zone along the eastern margin of the Basin. The Mudjatik-Wollaston Tectonic Zone is the NE trending high strain tectonic zone marking the boundary between the Archean gneisses and granitoids of the Mudjatik Domain to the west and Archean gneisses, metasediments, and pegmatite intrusions of the Wollaston domain to the east.
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin, the world's richest uranium region. Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company's projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.
Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.
For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca
For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
Disclosure regarding forward-looking statements
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97940
Toronto, Ontario–(Newsfile Corp. – September 29, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced the commencement of its Fall drill program within the northeastern margin of Saskatchewan's Athabasca Basin in Canada.
"The focus of the drill program is our 100% owned Henday Lake project that we have been eager to advance for some time now," Scott Frostad, Purepoint's VP of Exploration stated. "This will be Purepoint's first drill program on the project following our airborne electromagnetic and ground gravity surveys that were completed to ensure the optimal targets are tested".
Highlights:
Purepoint is planning three initial diamond drill holes at an average depth of approximately 400 metres each.
The targeted electromagnetic conductor lies within an east-west trending magnetic low, considered to represent pelitic basement rocks, a typical host rock for economic uranium mineralization.
The Huskie Uranium deposit, discovered by Denison in 2017, is due west of the Henday Lake project and is associated with an east-west trending magnetic low.
Depending on initial results and timing, Purepoint can extend this drilling program if appropriate.
Work to date on the project is outlined in detail in an NI 43-101 compliant technical report which can be found on the Company's website.
Henday Lake
The 100% owned Henday Lake property is 1,029 hectares in size and consists of 2 claims. This property is located nine kilometres northwest of Orano's Midwest Lake deposit (41 million lbs. U3O8) and ten kilometres west of Rio Tinto's Roughrider Deposit (57 million lbs. U3O8).
Only one drill hole is known to have been drilled on the property. Hole HLH8-71 was drilled by Cogema Resources (now Orano Resources Canada Inc.) in 1998 and encountered a steeply dipping, strongly graphitic fault gouge at the bottom of the hole. The claims rest within a magnetic low believed to represent pelitic basement rocks, a typical host rock for economic uranium mineralization. The depth to basement is locally less than 350 metres.
Denison's recently discovered Huskie deposit is located approximately 10 km due east along strike from Henday Lake. An NI 43-101 technical report dated October, 2018 estimates the inferred resource of the Husky deposit to be 5.7 million Ibs. U3O8.
The Henday Lake property falls within the Mudjatik-Wollaston Tectonic Zone, a northeast trending structural zone along the eastern margin of the Basin. The Mudjatik-Wollaston Tectonic Zone is the NE trending high strain tectonic zone marking the boundary between the Archean gneisses and granitoids of the Mudjatik Domain to the west and Archean gneisses, metasediments, and pegmatite intrusions of the Wollaston domain to the east.
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates an exploration pipeline of 12 advanced projects in Canada's Athabasca Basin, the world's richest uranium region. Purepoint's flagship project is the Hook Lake Project, a joint venture with two of the largest uranium suppliers in the world, Cameco Corporation and Orano Canada Inc. The Hook Lake JV Project is on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R Deposit and NexGen's Arrow Deposit and encompasses its own Spitfire discovery (53.3% U3O8 over 1.3m including 10m interval of 10.3% U3O8). Together with its flagship project, the Company's projects stretch across approximately 185,000 hectares of claims throughout the Athabasca Basin. These claims host over 20 distinct and well-defined drill target areas with advanced geophysical surveys completed, and in some cases, have had first pass drilling performed.
Scott Frostad BSc, MASc, PGeo, Purepoint's Vice President, Exploration, is the Qualified Person responsible for technical content of this release.
For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca
For additional information please visit our new website at https://purepoint.ca, our Twitter feed: @PurepointU3O8 or our LinkedIn page @Purepoint-Uranium.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
Disclosure regarding forward-looking statements
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97940
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF
VANCOUVER, BC, Sept. 29, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") announces that the Company has entered into an agreement (the "Agreement") with AGV Falcon Drilling S.R.L. ("AGV"), an arm's length party, pursuant to which the Company has agreed to issue common shares in the capital of the Company (each, a "Common Share") in satisfaction of ongoing drilling services provided by AGV (the "Services") in the Ivana Central and Norte Projects located in the Province of Rio Negro, Argentina. It is expected that Blue Sky will owe AGV up to an aggregate of US$590,265 as payment for the Services, depending on the number of meters drilled, which is expected to be settled by the issuance of a maximum of 6,356,700 Common Shares in three tranches.
The Company has received an initial invoice in the amount of $343,843.20 from AGV for Services performed from August 1, 2021 to August 31, 2021 (the "Initial Services"). The Company proposes to issue 1,666,714 Common Shares (the "Shares") to AGV at a deemed issue price of $0.2063 per Share in settlement of the Initial Services. The Agreement, the proposed issuance of the Shares and future issuances of Common Shares pursuant to the Agreement are subject to the acceptance of the Exchange.
The Company has a right of first refusal until January 20, 2024 to arrange for the purchase from AGV of any Common Shares issued pursuant to the Agreement, and all Common Shares issued pursuant to the Agreement will be held in escrow by the Company for a period of the earlier of: (i) January 20, 2024; or (ii) the date of completion of the Services.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to properties in two provinces in Argentina. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. This document contains statements about expected or anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the Company's ability to execute and implement its future plans. Forward-looking statements in this press release include, but are not limited to, the completion of the issuance of the Shares and the approval of the Exchange to the Agreement, to the issuance of the Shares and to the future issuance of Common Shares pursuant to the Agreement. Factors that could cause actual results to differ materially from those in forward-looking statements include that the Company does not complete all or any part of the issuance of the Shares or the Company does not receive regulatory acceptance to the issuance of the Agreement, the issuance of the Shares or the future issuance of Common Shares pursuant to the Agreement. Accordingly the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, except as may be required by applicable securities laws.
View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-announces-shares-for-services-agreement-and-proposed-share-issuance-301388174.html
SOURCE Blue Sky Uranium Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/29/c5135.html
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market: BKUCF
VANCOUVER, BC, Sept. 28, 2021 /CNW/ – Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2) (OTC: BKUCF), "Blue Sky" or the "Company") is pleased to announce that the Company is launching a 3,500 metre reverse circulation ("RC") exploration drilling program to expand and upgrade the Ivana Deposit within its wholly-owned Amarillo Grande Uranium-Vanadium Project ("AGP") in Rio Negro Province, Argentina.
The previously announced 4,500 metre regional exploration drilling campaign remains in progress (see February 1, 2021 News Release). Complete final results from initial exploratory drilling at Ivana North are expected to be received and interpreted shortly, and the second portion of the planned program focused at Ivana Central will resume once updated permits are received.
"Our goal to advance the Amarillo Grande Project into a multi-deposit uranium district requires a two-pronged approach to both identify new deposits through exploration along the 145-kilometre-long project trend and advance our cornerstone Ivana deposit. We believe that this additional drilling at Ivana has potential to expand and upgrade the current mineral resources" stated Nikolaos Cacos, Blue Sky President & CEO.
The planned Ivana drilling program will include an estimated 260 shallow holes (see Figure 1). Drilling will test the potential expansion of the Ivana deposit to the west where the 2018 pit channel sampling program returned encouraging results, including up to 5,032 ppm U3O8 & 323 ppm V2O5 over 1.7m at AGI-CAL26 (see Press Releases dated November 15, 2018 and April 29, 2019). Pit sampling only tested to depths of less than three metres, so the near-surface mineralization in this area remains open at depth. In addition, the new drill program includes holes in areas of lower drill hole density at the margins of, and within, the Ivana deposit to aid in upgrades to the mineral resource estimate that will support advanced engineering studies.
Qualified Persons
The design of the Company's exploration program was undertaken by the Company's geological staff under the supervision of David Terry, Ph.D., P.Geo. Dr. Terry is a Director of the Company and a Qualified Person as defined in National Instrument 43-101. The contents of this news release have been reviewed and approved by Dr. Terry.
About the Amarillo Grande Project
The Company's 100% owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina is a new uranium district controlled by Blue Sky. The Ivana deposit is the cornerstone of the Project and the first part of the district for which both a Mineral Resource Estimate and a Preliminary Economic Assessment have been completed. Mineralization at the Ivana deposit has characteristics of sandstone-type and surficial-type uranium-vanadium deposits.The sandstone-type mineralization is related to a braided fluvial system and indicates the potential for a district-size system. In the surficial-type deposits, mineralization coats loosely consolidated pebbles, and is amenable to leaching and simple upgrading.
The Project includes several other target areas over a regional trend, at or near surface. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access. The Company's strategy includes delineating resources at multiple areas and advancing the entire project to prefeasibility level.
For additional details on the project and properties, please see the Company's website.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is a leader in uranium discovery in Argentina. The Company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities, and the cultures in all the areas in which we work. Blue Sky has the exclusive right to of properties in two provinces in Argentina. The Company's flagship Amarillo Grande Project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________________
Nikolaos Cacos, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-sky-uranium-launches-drill-program-to-expand-and-upgrade-the-ivana-deposit-at-the-amarillo-grande-uranium—vanadium-project-argentina-301386413.html
SOURCE Blue Sky Uranium Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/28/c2812.html
TORONTO, Sept. 28, 2021 /CNW/ – Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce that it has entered into an equity distribution agreement dated September 28, 2021 (the "Equity Distribution Agreement"), providing for an at-the-market ("ATM") equity offering program, with Cantor Fitzgerald Canada Corporation ("CFCC"), Scotia Capital Inc. (together with CFCC, the "Co-Lead Canadian Agents"), Cantor Fitzgerald & Co. and Scotia Capital (USA) Inc. (together with the Co-Lead Canadian Agents, the "Agents"). View PDF version
The ATM will allow Denison, through the Agents, to, from time to time, offer and sell, in Canada and the United States through the facilities of the Toronto Stock Exchange ("TSX") and/or NYSE American, such number of common shares as would have an aggregate offering price of up to USD$50 million. Sales of the common shares, if any, will be made by means of ordinary brokers' transactions on the TSX and/or NYSE American or otherwise at market prices prevailing at the time of sale. The ATM will be effective until October 16, 2023 unless terminated prior to such date by Denison or otherwise in accordance with the Equity Distribution Agreement.
The Company considers the execution of the Equity Distribution Agreement a routine capital markets matter, establishing the ATM as a potentially valuable tool for future access to the public market, where equity offerings can occur at market prices and with significantly reduced costs. The timing and extent of the use of the ATM will be at the discretion of the Company. Accordingly, total gross proceeds from equity offerings under the ATM could be significantly less than USD$50 million.
As outlined in the prospectus supplement, the Company intends to use any proceeds from the ATM to fund its mineral property evaluation and project engineering activities, long lead project construction items as well as general, corporate and administrative expenses. The actual allocation of the proceeds may vary depending on the amount of proceeds raised, the time periods in which the proceeds are raised, and the future developments in relation to the Company's projects or unforeseen events.
The sale of the Company's common shares through the ATM will be made pursuant to, and qualified in Canada by, a prospectus supplement dated September 28, 2021 ("Prospectus Supplement") to the base shelf prospectus of the Company dated September 16, 2021 ("Base Prospectus"), and in the United States pursuant to a prospectus supplement dated September 28, 2021 to the Company's final base shelf prospectus contained in the Company's registration statement Form F-10 (File No. 333-258939) as amended and declared effective on September 17, 2021 (the "U.S. Registration Statement") filed with the United States Securities and Exchange Commission.
Copies of the Prospectus Supplement and Base Prospectus may be obtained for free from SEDAR at www.sedar.com, and copies of the Prospectus Supplement and U.S. Registration Statement containing the Base Prospectus may be obtained for free from EDGAR on the SEC website at www.sec.gov. Alternatively, any of the following Agents participating in the ATM will arrange to send you these documents if you make a request by contacting:
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In the United States: |
|
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Cantor Fitzgerald & Co. Attention: Equity Capital Markets 499 Park Avenue, 6th Floor, New York, New York, 10022 Email: prospectus@cantor.com |
Scotia Capital (USA) Inc. Attention: Equity Capital Markets 250 Vesey Street, 24th Floor New York, New York, 10281 Email: equityprospectus@scotiabank.com Telephone: 212-225-6853 |
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In Canada: |
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Cantor Fitzgerald Canada Corporation Attention: Equity Capital Markets 181 University Avenue, Suite 1500, Toronto, ON, M5H 3M7 Email: ecmcanada@cantor.com |
Scotia Capital Inc Attention: Equity Capital Markets, Scotia Plaza, 62nd Floor, 40 King Street West, Toronto, ON M5H 3Y2, Email: equityprospectus@scotiabank.com Telephone: 416-863-7704 |
The common shares that may be issued by the Company under the ATM have been conditionally approved for listing on the TSX and have been approved for listing on the NYSE American.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Denison
Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture ("MLJV"), which includes several uranium deposits and the McClean Lake uranium mill that is contracted to process the ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest Main and Midwest A deposits, and a 66.90% interest in the Tthe Heldeth Túé ("THT," formerly J Zone) and Huskie deposits on the Waterbury Lake property. Each of Midwest Main, Midwest A, THT and Huskie are located within 20 kilometres of the McClean Lake mill.
Through its 50% ownership of JCU, Denison holds additional interests in various uranium project joint ventures in Canada, including the Millennium project (JCU 30.099%), the Kiggavik project (JCU 33.8123%) and Christie Lake (JCU 34.4508%).
Denison is also engaged in mine decommissioning and environmental services through its Closed Mines group (formerly Denison Environmental Services), which manages Denison's Elliot Lake reclamation projects and provides post-closure mine care and maintenance services to a variety of industry and government clients.
Cautionary Statement Regarding Forward-Looking Statements
Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation concerning the business, operations and financial performance and condition of Denison.
Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur', 'be achieved' or 'has the potential to'.
In particular, this news release contains forward-looking information pertaining to the following: the ATM and agreements with the Agents with respect thereto; the use of proceeds of any offerings that may be completed pursuant to the ATM; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners.
Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, Denison may decide or otherwise be required to discontinue its field test activities or other testing, evaluation and development work at Wheeler River if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, regulatory approvals, etc.) or operations are otherwise affected by COVID-19 and its potentially far-reaching impacts. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 26, 2021 under the heading 'Risk Factors'. These factors are not, and should not be construed as being exhaustive.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation.
View original content to download multimedia:https://www.prnewswire.com/news-releases/denison-announces-at-the-market-offering-agreement-with-cantor-fitzgerald–scotia-capital-301387250.html
SOURCE Denison Mines Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/28/c4696.html
Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx or the "Company") is pleased to announce the completion of its initial infill drilling campaign at the Dibwe East deposit in its wholly owned, mine permitted Mutanga Uranium Project in Zambia (the "Mutanga Project") . The Mutanga Project consists of three mining permits that cover some 720km2, and contains five deposits: Dibwe, Dibwe East, Mutanga, Gwabe and Njame.
Drilling highlights
Mineralisation is continuous from hole to hole and section to section and shows a very close correlation to the current inferred resource interpreted ore boundaries;
average reported grades, after taking into account disequilibrium, is 330 ppm eU3O8, highlighting the consistency of the deposit;
drill results show potential to extend the mineralised zone beyond the initially interpreted ore boundary in some sections, especially as several holes finished in mineralisation; and
the Mutanga Project area is still prospective for potential discoveries, and further target generation exercises are currently being undertaken.
GoviEx's infill drilling campaign, which commenced in May 2021, was aimed at upgrading the inferred mineral resources associated with the Dibwe East deposit to an indicated mineral resources for inclusion into a planned feasibility study for the Mutanga Project. The Dibwe East deposit currently contains 43.1 Mt at an average grade of 304 ppm U3O8 for 28.9 Mlb U3O8, and represents approximately 45% of the total resource tonnage at the Mutanga Project.1 A total of 65 holes for 8,060 metres were completed using down the hole percussion drilling to an average depth of 124 metres on a 100 x 50 metre grid.
"The Mutanga project benefits from being a technically straight forward project due to its low-waste stripping ratio and acid consumption and with a low capital efficiency per pound of forecast annual uranium production.1 The consistency of ore zones and uranium grade reported from this initial infill drilling campaign underpins our confidence in the upgrading potential of mineral resources from an inferred to an indicated category in the Dibwe East, but also indicates potential to extend the mineralized zone, especially to the southwest, beyond the initially interpreted ore boundary. Based on this very positive result we plan, during 2022, to complete the infill resource drilling Dibwe East as well as upgrade the previously completed process work to a feasibility study level of confidence. Having two mine permitted projects; Madaouela uranium project in Niger and the Mutanga Project, in Zambia – GoviEx has a strong project pipeline and is well positioned as we see the uranium market price improving toward its projected long-term trend." Daniel Major, Chief Executive Officer, commented.
In addition to the infill drilling undertaken at Dibwe East, exploration drilling was completed on three trenches along strike and to the east of Dibwe East, an area that has previously shown anomalous uranium at surface. All three of these trenches reported uranium mineralisation, however after applying the disequilibrium factor of 0.67x the reported grades were below the resource cutoff. As much of the area along strike to the east of Dibwe East is not drilled, further exploration is warranted to test the potential for resource extension in that direction. The next stage of exploration is to undertake further work on the disequilibrium factor to assess its potential variability across the mineral resources.
Figure 1: Location map showing the 2021 drilling collars (yellow) vs previously drilled holes in the Dibwe area.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/5017/97716_90ba1304545c5bd6_001full.jpg
Figure 2: Drill collars coloured by Grade x Thickness accumulations, and GT contours in relation to the projected pit outline from the PEA.
To view an enhanced version of Figure 2 please visit:
https://orders.newsfilecorp.com/files/5017/97716_goviex2.jpg
Figure 3. Section N8190627 shows close correlation of interpreted mineralised body at 100 ppm cutoff (black) compared to previously predicted inferred resource mineralisation zones (dashed lines) from the PEA.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/5017/97716_90ba1304545c5bd6_005full.jpg
The drilling program was carried out by Hydro Tech Drilling and Exploration (Z) LTD ("Hydro Tech"), a Zambian based drilling company. Terratec Geophysical Services Namibia ("Terratec"), provided downhole logging services including calibrated gamma log used to estimate the uranium grades and measures the hole deviation and conductivity.
Notes:
See: Technical report title, "NI 43-101 Technical Report on a Preliminary Economic Assessment of the Mutanga Uranium Project in Zambia", dated November 30, 2017 (the "PEA"), prepared by Qualified Persons from SRK Consulting (UK) Limited.
The PEA is considered preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves have not yet demonstrated economic viability. Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all, or any part of an Inferred Mineral Resource, will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration or Mineral Reserves once economic considerations are applied; therefore, there is no certainty that the production profile concluded in the PEA will be realized.
Qualified Persons
The scientific and technical information in this release has been reviewed and approved by Dr. Rob Bowell, a chartered chemist of the Royal Society of Chemistry, a chartered geologist of the Geological Society of London, and a Fellow of the Institute of Mining, Metallurgy and Materials, who is an independent Qualified Person under the terms of NI 43-101 for uranium deposits. Dr. Bowell has verified the data disclosed in this news release.
Technical notes
Grade determination
The measurement of uranium grade in the uranium industry can be done indirectly by measurement the radioactivity emitted by the daughter products of uranium during decay, and is measured by gamma tool containing a sodium iodide (NaI) crystal, which records counts per second when hit by gamma rays. These counts are converted to uranium grade (ppm eU3O8) by applying a K factor, a dead time correction and other correction factors as required such as casing, hole size, mud density. The K factor and the dead time is unique to each tool, and is determined during calibration. The gamma tool used by Terratec has been calibrated at the Pelindaba facility by Terratec prior arrival on site, and the tool was run weekly in a lined test hole to test repeatability.
Disequilibrium Factor
Disequilibrium is a known issue in sandstone hosted and in fairly young uranium deposit. Over time, uranium reaches an equilibrium with its daughter products, however this is rarely the case in secondary style sandstone hosted deposits as uranium is a very mobile element, and can be re-mobilised and re-precipitated elsewhere, leaving the more radioactive and less mobile daughter products behind. The factor is determined by comparing assay grades with corresponding gamma readings.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
About GoviEx Uranium
GoviEx is a mineral resource company focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Zambia, and its multi-element Falea Project in Mali.
Contact Information
Isabel Vilela
Head of Investor Relations and Corporate Communications
Tel: +1-604-681-5529
Email: info@goviex.com
Web: www.goviex.com
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information.
Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in GoviEx's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.
Forward-looking statements include those related to any plans for the further exploration and development of the Mutanga Project; anticipated low capital expenditure requirements of the Mutanga Project; and potential for resource upgrage and/or extension of the Mutanga Project.
Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) that the Company will be successful in its exploration and development plans for the Mutanga Project; (ii) that projected low capital expenditures for the Mutanga Project will remain unchanged or improve; (iii) that any proposed drill programs will be completed as planned and meet its objectives; and (iv) that the price of uranium will remain sufficiently high and the costs of advancing the Company's mining projects will remain sufficiently low so as to permit GoviEx to implement its business plans in a profitable manner.
Factors that could cause actual results to differ materially from expectations include (i) the inability of the Company to successfully complete the exploration and development milestones that are the conditions of the reinstatement of the Chirundu Mining License (12634-HQ-LML); (ii) potential delays due to COVID-19 restrictions; (iii) the failure of the Company's projects, for technical, logistical, labour-relations, or other reasons; (iv) a decrease in the price of uranium below what is necessary to sustain the Company's operations; (v) an increase in the Company's operating costs above what is necessary to sustain its operations; (vi) accidents, labour disputes, or the materialization of similar risks; (vii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis; and (viii) generally, the Company's inability to develop and implement a successful business plan for any reason.
In addition, the factors described or referred to in the section entitled "Risks Factors" in the MD&A for the year ended December 31, 2020, of GoviEx, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this news release.
Although GoviEx has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that GoviEx will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and GoviEx disclaims any intention or obligation to update or revise such information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97716
TSX SYMBOL: FCU
OTCQX SYMBOL: FCUUF
FRANKFURT SYMBOL: 2FU
KELOWNA, BC, Sept. 27, 2021 /CNW/ – FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce the completion of a 72-hole geotechnical drill program in addition to the resource upgrade drilling (news release dated August 31, 2021), and the metallurgical drilling (news release dated September 7, 2021). The 72-hole geotechnical program was designed to advance the feasibility study at its' PLS project, in the Athabasca Basin region of Saskatchewan, Canada. The primary goals were to collect data to support the Feasibility Study, confirm the design of surface and underground infrastructure proposed in the PFS, and update information to further de-risk the project. Preliminary data assessment indicates that the location of proposed infrastructure, including the decline, ventilation shafts, stockpiles, TMF, and mill buildings, is optimal. Further laboratory testwork will be required to confirm the initial assessment. The drill program was completed successfully, and with minimal delays. Additionally, Fission has appointed Tetra Tech Canada as the lead consultant for the feasibility study.
Ross McElroy, President and CEO for Fission, commented, "With the 72-hole geotechnical summer program complete on schedule and with all goals successfully met, the work required for our feasibility study at PLS is off to a very strong start. Our expanded technical team and engineering consultants are now in place, and we are looking forward to continuing to deliver on our advancement plans."
Gary Haywood, VP Project Development for Fission, said, "We are very pleased that Tetra Tech has agreed to come on board as Fission's lead consultant for continuing with the feasibility study. Their team has an impressive track record in feasibility level work, which includes global experience in uranium mining and processing. Tetra Tech has presented Fission with an ideal opportunity to make the PLS project a future world class operation and we are committed to extracting the maximum value from the project through the Feasibility Study."
Feasibility Study Team
Tetra Tech, as lead consultant during the course of the feasibility study, will be supported by Clifton Engineering, a leading engineering and environmental consultancy, which has been retained by Fission to work on the Tailings Management Facility section of the study. In addition, SLR Consultants (formerly RPA) will continue as an independent support group to Fission during the feasibility study.
Summer 2021 Feasibility Study Work Program
72 holes were drilled for engineering and geotechnical purposes. These include:
21 holes along proposed decline alignment
6 holes for Waste Rock Stockpile area (overburden only) to collect geotechnical data for stability assessment of the overburden to be used to confirm waste stockpile design height and slopes.
3 holes for area of Mill (overburden only) to collect geotechnical data for stability assessment of the overburden to be used to confirm mill building foundation design.
8 holes for Vent Shaft (Fresh Air and Exhaust Air) including 4 geotechnical holes drilled along each shaft alignment to gather data to be used to confirm shaft constructability and final design. A further 4 condemnation holes were drilled to confirm location of the shafts does not intersect mineralized zones or other major geological features that may interfere with shaft construction
4 Metallurgical test sample holes as reported in the September 7, 2021 news release
3 Rock Mechanic holes as reported in the September 7, 2021 news release
5 Hydrogeology holes (pumping and water monitoring holes) including 4 holes drilled around the planned decline, and 1 deep well drilled in the R840W zone to collect data required to characterize the hydrogeologic conditions and support hydrogeologic assessments in those areas. This data will be used for determining dewatering rates and impact on groundwater.
25 Tailings Management Facility holes (essentially all overburden holes) were drilled within the planned TMF area to collect geotechnical and hydrogeological data to confirm the planned TMF location, support the EIA pathways modelling work, and enable constructability assessment and design work to proceed at a Feasibility Level.
1 Camp Area hole (overburden hole) to collect geotechnical data for stability assessment of the overburden to be used to confirm camp building foundation design.
In addition, waste rock and mineralized rock samples were collected from both fresh and historical core samples to conduct assessment of the metal leaching (ML) and acid rock drainage (ARD) potential of mine wastes (i.e., waste rock, low grade ore, and overburden) to be produced during mine life.
PLS Mineralized Trend & Triple R Deposit Summary
Uranium mineralization of the Triple R deposit at PLS occurs within the Patterson Lake Conductive Corridor and has been traced by core drilling over ~3.18 km of east-west strike length in five separated mineralized "zones" which collectively make up the Triple R deposit. From west to east, these zones are: R1515W, R840W, R00E, R780E and R1620E. Through successful exploration programs completed to date, Triple R has evolved into a large, near surface, basement hosted, structurally controlled high-grade uranium deposit. The discovery hole was announced on November 05, 2012 with drill hole PLS12-022, from what is now referred to as the R00E zone.
The R1515W, R840W and R00E zones make up the western region of the Triple R deposit and are located on land, where overburden thickness is generally between 55 m to 100 m. R1515W is the western-most of the zones and is drill defined to ~90 m in strike-length, ~68 m across strike and ~220 m vertical and where mineralization remains open in several directions. R840W is located ~515 m to the east along strike of R1515W and has a drill defined strike length of ~430 m. R00E is located ~485 m to the east along strike of R840W and is drill defined to ~115 m in strike length. The R780E zone and R1620E zones make up the eastern region of the Triple R deposit. Both zones are located beneath Patterson Lake where water depth is generally less than six metres and overburden thickness is generally about 50 m. R780E is located ~225 m to the east of R00E and has a drill defined strike length of ~945 m. R1620E is located ~210 m along strike to the east of R780E, and is drill defined to ~185 m in strike length.
The Company completed and filed a prefeasibility "PFS" study on November 07, 2019 titled "Pre-Feasibility Study on the Patterson Lake South Property Using Underground Mining Methods, Northern Saskatchewan, Canada". The report summarizes the Pre-Feasibility Study ("UG PFS"), which outlines an underground-only mining scenario for PLS which to date has only considered the R00E and R780E zones. Further work, including additional drilling may provide sufficient data for future inclusion of the R1515W, R840W and R1620E zones into the Feasibility Study mine plan.
Mineralization along the Patterson Lake Corridor trend remains prospective along strike in both the western and eastern directions. Basement rocks within the mineralized trend are identified primarily as mafic volcanic rocks with varying degrees of alteration. Mineralization is both located within and associated with mafic volcanic intrusives with varying degrees of silicification, metasomatic mineral assemblages and hydrothermal graphite. The graphitic sequences are associated with the PL-3B basement Electro-Magnetic (EM) conductor.
Patterson Lake South Property
The 31,039 hectare PLS project is 100% owned and operated by Fission Uranium Corp. PLS is accessible by road with primary access from all-weather Highway 955, which runs north to the former Cluff Lake mine and passes the nearby Nexgen Arrow deposit located 3km to the east and UEX-Areva Shea Creek discoveries located 50km to the north.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ross McElroy, P.Geol., President and CEO for Fission Uranium Corp., a qualified person.
About Fission Uranium Corp.
Fission Uranium Corp. is a Canadian based resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property – host to the class-leading Triple R uranium deposit – and is headquartered in Kelowna, British Columbia. Fission's common shares are listed on the TSX Exchange under the symbol "FCU" and trade on the OTCQX marketplace in the U.S. under the symbol "FCUUF."
ON BEHALF OF THE BOARD
"Ross McElroy"
Ross McElroy, President and CEO
Cautionary Statement:
Certain information contained in this press release constitutes "forward-looking information", within the meaning of Canadian legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to". Forward looking statements contained in this press release may include statements which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: risks related to the Offering, risks related to Fission's limited business history, risks related to the nature of mineral exploration and development, discrepancies between actual and estimated mineral resources, risks related to uranium market price volatility, risks related to the market value of the common shares of Fission, risks related to market conditions, risks related to the novel coronavirus (COVID-19) pandemic, including disruptions to the Company's business and operational plans, risks related to the global economic uncertainty as a result of the novel coronavirus (COVID-19) pandemic and other risk factors listed from time to time in our reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
Investor Relations
TF: 877-868-8140
ir@fissionuranium.com
www.fissionuranium.com
SOURCE Fission Uranium Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/27/c7317.html
Uranium stocks were back in action Monday after an unsettling last week, with most stocks surging on Sept. 27 before settling a bit lower by market close. Denison Mines (NYSEMKT: DNN) and Ur-Energy (NYSEMKT: URG) each popped during the day and closed up 8.3% and 4.3%, respectively. Uranium Royalty (NASDAQ: UROY) shot up 11.6% by market close.
Potential Aura Energy Limited (ASX:AEE) shareholders may wish to note that insider Peter Provsa recently bought AU$272k worth of stock, paying AU$0.29 for each share. Although the purchase only increased their holding by 4.8%, it is still a solid purchase in our view.
Check out our latest analysis for Aura Energy
In fact, the recent purchase by Peter Provsa was the biggest purchase of Aura Energy shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.26). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Peter Provsa was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Aura Energy insiders own 18% of the company, worth about AU$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Aura Energy we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 5 warning signs for Aura Energy (4 are a bit unpleasant!) that we believe deserve your full attention.
Of course Aura Energy may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
Potential Aura Energy Limited (ASX:AEE) shareholders may wish to note that insider Peter Provsa recently bought AU$272k worth of stock, paying AU$0.29 for each share. Although the purchase only increased their holding by 4.8%, it is still a solid purchase in our view.
Check out our latest analysis for Aura Energy
In fact, the recent purchase by Peter Provsa was the biggest purchase of Aura Energy shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.26). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Peter Provsa was the only individual insider to buy shares in the last twelve months.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Aura Energy insiders own 18% of the company, worth about AU$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Aura Energy we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 5 warning signs for Aura Energy (4 are a bit unpleasant!) that we believe deserve your full attention.
Of course Aura Energy may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Uranium mining stocks Denison Mines (NYSEMKT: DNN) and Energy Fuels (NYSEMKT: UUUU) tumbled in Friday afternoon trading, falling 7.6% and 10%, respectively, despite analysts at Canaccord Genuity having just yesterday hiked their price target for Denison. In a brief note Thursday, TheFly.com advised that Canaccord had raised its price target on Denison Mines stock 20% to three Canadian dollars per share. The analyst also reiterated its “speculative buy” rating on the still-unprofitable uranium mining stock.
UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah
The company initially donating $1 million, plans to donate annual funding equal to 1% of the mill’s future revenues
Investing back into the San Juan County community will give the company the opportunity to support, catalyze sustainable economic and community development
Committed to being a strong member of the community, Energy Fuels (NYSE: UUUU) (TSX: EFR) has established the San Juan County Clean Energy Foundation (https://ibn.fm/y7aW1). The foundation is a fund created to contribute to the communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah.
Energy Fuels kicked off the fund by depositing $1 million into the foundation, noting that the company plans to continue to donate annual funding equal to 1% of the mill’s future revenues. The funds from the foundation are earmarked to support the local economy and local priorities, specifically focusing on…
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
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UUUU’s San Juan County Clean Energy Foundation designed to assist communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah
The company initially donating $1 million, plans to donate annual funding equal to 1% of the mill’s future revenues
Investing back into the San Juan County community will give the company the opportunity to support, catalyze sustainable economic and community development
Committed to being a strong member of the community, Energy Fuels (NYSE: UUUU) (TSX: EFR) has established the San Juan County Clean Energy Foundation (https://ibn.fm/y7aW1). The foundation is a fund created to contribute to the communities surrounding Energy Fuels’ White Mesa Mill in southeastern Utah.
Energy Fuels kicked off the fund by depositing $1 million into the foundation, noting that the company plans to continue to donate annual funding equal to 1% of the mill’s future revenues. The funds from the foundation are earmarked to support the local economy and local priorities, specifically focusing on…
NOTE TO INVESTORS: The latest news and updates relating to UUUU are available in the company’s newsroom at http://ibn.fm/UUUU
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, California
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is part of the InvestorBrandNetwork.
Image by drpepperscott230 from Pixabay
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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