In this update, INN looks at the biggest developments in the uranium and oil and gas sectors during the month of April.
As spring heats up, so does the energy sector.
April started with uranium company Boss Resources (ASX:BOE,OTC Pink:BQSSF) announcing the receipt of a mineral export permit from the Australian government.
Boss has steadily been working towards restarting uranium production at the Honeymoon mine and is now fully permitted, and looking for long-term buyers.
In mid-April, the US Department of Commerce handed down its ruling on the Section 232 investigation. The probe into foreign uranium imports was passed on to President Donald Trump, who has 90 days to announce his decision.
If successful, the Section 232 investigation could lead to a 25 percent domestic production quota in the US, as well as a stipulation forcing all US government agencies that use U3O8 to purchase domestically.
Also in April, Raymond James released its list of three uranium stocks to watch. Cameco (TSX:CCO,NYSE:CCJ), NexGen Energy (TSX:NXE,NYSEAMERICAN:NXE) and Uranium Participation Corporation (TSX:U,OTC Pink:URPTF) took the top spots.
“We have reduced our 2019 average uranium price by 8 percent (to US$30.80 per pound from US$33.63 per pound) to reflect the weaker market to start the year,” analysts noted.
Lastly, the Minerals Council of Australia has once again come out in support of Australia repealing its nuclear energy ban and looking into developing a nuclear energy strategy. The issue had been raised on the campaign trail when Prime Minister Scott Morrison stated he isn’t ruling out the idea, but it is not a priority of his.
Australia is home to several high-grade uranium deposits, although the country has had a strict ban on nuclear energy since 1998.
The current U3O8 spot price is US$25.75 per pound.
Moving over to oil and gas.
At the beginning of the month, Trump issued his second executive order related to advancing construction of the Keystone XL pipeline. The expanded pipeline, which currently runs between Hardisty, Alberta and Steele City, Nebraska, is expected to carry 830,000 barrels of crude daily across the border between the cities.
Following a bumpy start to the year, the price of oil began to stabilize in mid-April.
Long-term production cuts on the part of the Organization of the Petroleum Exporting Countries have kept crude prices from fluctuating wildly in the first quarter of 2019. The organization has removed more than 1.2 million barrels per day from the market in an effort to calm volatility.
Over in Australia, Santos (ASX:STO,OTC Pink:STOSF), one of the country’s largest energy producers, reported a new sales record for Q1 2019 of AU$1.02 billion.
The record number comes despite Tropical Cyclone Veronica impacting Western Australia and outages in the Cooper Basin.
The current price of Brent crude is US$74.27 a barrel while West Texas Intermediate is sitting at US$65.83.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
The Conversation (0)
Latest News
Outlook Reports world
Featured Energy Investing Stocks

Investor Insight
Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.
Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
- High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
- Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
- Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.
Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.
Management Team
Michael Collins - CEO & Director
Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.
Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.
Browse Companies
MARKETS
COMMODITIES
CURRENCIES






