Global Uranium Market Size Is Expected to Reach $3.27 Billion By 2027

FN Media Group News Commentary - Nuclear power is becoming a more dependable and scalable energy source due to the world's growing demand for electricity, particularly in emerging economies. Thus, the market for uranium mining is supported. Nuclear power becomes a more appealing alternative as countries work to fulfill these targets and switch to low-carbon energy sources. In order to meet these environmental goals, increasing nuclear power depends heavily on uranium mining. There is a strong correlation between the demand for nuclear power worldwide and the uranium market. Uranium is needed as a fuel for nuclear reactors because nuclear power is becoming more and more popular as nations look for greener, more sustainable energy sources. A report from Market Reports World said that the Global Uranium Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2030. In 2022, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. The global Uranium market size was valued at USD 2646.85 million in 2021 and is expected to expand at a CAGR of 3.6% of 3.6% during the forecast period, reaching USD $3272.84 million by 2027.   Active mining companies in the markets this week include Stallion Uranium Corp. (TSX-V: STUD) (OTCQB: STLNF), ATHA Energy Corp (CSE: SASK) (OTCQB: SASKF), Cameco( TSX: CCO) (NYSE: CCJ), Denison Mines Corp. (TSX: DML) (NYSE: DNN), NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE).

The report added: "The global building and enlargement of nuclear power facilities is one factor driving up uranium consumption. Infrastructure for nuclear energy has been invested in as a result of growing worries about climate change and the need to lessen dependency on fossil fuels. Long-term contracts, subsidies, and other forms of government support for nuclear energy can encourage investment in uranium mining. Nations with aspirational nuclear power objectives frequently offer financial and regulatory assistance to the uranium mining industry. The demand for uranium may rise as a result of developments in nuclear technologies, such as small modular reactors (SMRs) and next-generation reactors. The goal of these technologies to increase nuclear power generation's flexibility, safety, and efficiency. To lessen reliance on imported uranium, nations that prioritize energy security may make investments in indigenous uranium mining. Geopolitical concerns and the need to provide a steady and secure energy supply may be the driving forces behind this."

Stallion Uranium Corp. (TSX-V: STUD ) (OTCQB: STLNF ) Strengthens Technical Team   - Stallion Uranium Corp. is pleased to announce that it has appointed Matthew Schwab as Technical Advisor to its Board of Advisors.

Mr. Matthew Schwab is an acclaimed exploration geologist located in Saskatoon, Saskatchewan where his work over the past decade has contributed to the discovery and development of multiple significant uranium deposits. Mr. Schwab is currently the CEO of Kraken Energy Corp, a US focused uranium exploration and development company. In 2014 while Mr. Schwab was the Senior Exploration Geologist at NexGen Energy Ltd. he was instrumental in the discovery of the Arrow uranium deposit located in the Southwestern Athabasca Basin. Mr. Schwab was also a member of the Hathor Exploration Ltd. development team and contributed to the sale of the Roughrider deposit to Rio Tinto for $654M in 2012. Prior roles also include being co-founder and SVP of Axiom Exploration Group Ltd., former President, Senior Advisor and Founder of multiple successful private mineral exploration and E&P consulting firms in Canadian mining and petroleum industries.

"With growing interest and demand for uranium worldwide, Stallion's land position in the Athabasca Basin and their team of accomplished industry experts makes a strong combination to pursue new high grade uranium discoveries in northern Saskatchewan" stated Mr. Schwab. "I'm honoured by the opportunity to assist their current team of experienced professionals as the company moves towards achieving that goal."

"We are incredibly excited to have Matt Schwab join the Stallion team. As we progress our exploration of the largest land package in the Southwestern Athabasca Basin, adding the expertise and experience of Mr. Schwab, who contributed to the discovery of NexGen's Arrow deposit, is a tremendous resource for our team as we work to make the next significant uranium discovery," commented Drew Zimmerman, CEO of Stallion Uranium. CONTINUED    Read these full press releases and more news for   Stallion Uranium   at: https://stallionuranium.com/news/press-releases/


Other recent developments in the mining industry of note include:

ATHA Energy Corp (CSE: SASK) (OTCQB: SASKF) CEO, Troy Boisjoli recently joined Steve Darling from Proactive to share news the company has entered into a definitive arrangement agreement with Latitude Uranium and 92 Energy Limited to acquire these companies.

The proposed acquisition aims to create a combined entity that will provide shareholders with exposure to 7.1 million acres of exploration acreage spread across Canada's top three uranium jurisdictions. This portfolio represents the largest exploration portfolios in some of the highest-grade uranium districts globally.

The company will hold two projects with significant expansion potential and historical mineral resource estimates; The Angilak Deposit in Nunavut and both the Moran Lake and Anna Lake, in the Central Mineral Belt of Labrador.

Cameco (TSX: CCO) (NYSE: CCJ) recently announced that the acquisition of Westinghouse Electric Company (Westinghouse) in a strategic partnership with Brookfield Asset Management alongside its publicly listed affiliate Brookfield Renewable Partners (Brookfield) and institutional partners closed today.

Cameco now owns a 49% interest and Brookfield owns the remaining 51% in Westinghouse, one of the world's largest nuclear services businesses.

"This is a historic day for Cameco as we join Brookfield to complete our purchase of Westinghouse," said Tim Gitzel, president and CEO of Cameco. "Since first announcing this deal a year ago, we believe the business prospects for Westinghouse have significantly improved. The sustained and positive momentum for nuclear energy has been undeniable as countries and companies around the world strive to meet their net-zero commitments and growing energy needs through clean and secure supply.

Denison Mines Corp. (TSX: DML) (NYSE: DNN) has recently filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the quarter ended September 30, 2023.  Both documents are or will be available on the Company's website at www.denisonmines.com , SEDAR+ (at www.sedarplus.ca ) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF

The Company reported earnings per share ('EPS') of $0.07 for the third quarter of 2023, which was driven by the recognition of a significant gain on the Company's physical uranium holdings, net of operating expenses primarily related to the Company's advancement of its flagship Wheeler River Project.

David Cates, President and CEO of Denison commented, "Denison's results from the third quarter reflect an incredibly active time in the Company's modern history.  We continue to focus on the advancement of Wheeler River's Phoenixdeposit as the first In-Situ Recovery ('ISR') uranium mining project in the Athabasca Basin."

NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE) recently announced that it has updated its at-the-market equity program (the " ATM Program ") to offer and sell up to C$500 million of common shares from treasury (" Common Shares ").

Sales of Common Shares, if any, will be made pursuant to the terms of an equity distribution agreement dated December 11, 2023 (the " Sales Agreement ") among the Company, Virtu ITG Canada Corp., as Canadian agent, and Virtu Americas, LLC, as U.S. agent (together, the " Agents "), on the TSX and/or the NYSE, and/or any other marketplace for the Common Shares in Canada or the United States or as otherwise agreed between the Agents and the Company. The volume and timing of sales under the ATM Program, if any, will be determined in the Company's sole discretion, and at the market price prevailing at the time of each sale, and, as a result, sale prices may vary.

The ATM Program is being made pursuant to a prospectus supplement dated December 11, 2023 (the " Prospectus Supplement ") to the Company's final short form base shelf prospectus filed in all provinces and territories of Canada dated December 8, 2023 (the "Base Shelf Prospectus "), and pursuant to a prospectus supplement dated December 11, 2023 (the " U.S. Prospectus Supplement ") to the Company's U.S. base prospectus (the " U.S. Base Prospectus ") included in its registration statement on Form F-10 (the " Registration Statement ") (File No. 333-275839) filed with the United States Securities and Exchange Commission on December 8, 2023 (collectively, the Prospectus Supplement, Base Shelf Prospectus, U.S. Prospectus Supplement, the U.S. Base Prospectus and Registration Statement, the " Offering Documents ").

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty five hundred dollars for news coverage of the current press releases issued by Stallion Uranium Corp. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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"Uranium drives our current financial outlook, while rare earth elements and heavy mineral sand products are significantly adding to our long-term value and growth strategy," said Mark Chalmers, Energy Fuels' President and Chief Executive Officer. "This quarter, we maintained our clean balance sheet while adding a new long-term U.S. utility customer, completing another spot sale of U3O8, and commencing processing of the large inventory stockpile of uranium feedstock at the White Mesa Mill, which is expected to continue well into 2025 and beyond. Uranium production is, and will remain, the core of the Energy Fuels' business, as we leverage our unique permits, facilities and expertise to process uranium-bearing materials to produce a variety of critical materials that advance the global energy transition through an American-based supply chain. We have long been a leading U.S. uranium producer, and we have now proven our ability to produce important rare earth materials at commercial scale with the completion and successful commissioning of our REE separation circuit this quarter. We are also aggressively moving forward with our plans to secure rare earth feedstocks globally and expand our processing capacity domestically in order to capture market share and achieve profitability. Our acquisition of Base Resources Limited and its world-class Toliara heavy mineral sands/monazite project in Madagascar on October 2, 2024 is an exciting step in achieving these objectives.

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NexGen Energy to Host Q3 2024 Conference Call on Rook I Project Developments

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the Company will host its 2024 third quarter conference call on Tuesday, November 12, 2024 at 8:30 am Eastern Standard Time .

NexGen Energy Ltd. Logo (CNW Group/NexGen Energy Ltd.)

During the call, NexGen's President and Chief Executive Officer, Leigh Curyer , alongside Chief Commercial Officer, Travis McPherson , and Chief Financial Officer, Benjamin Salter , will provide a comprehensive update on the Company's 100%-owned Rook I Project (the " Project "). This will include the latest progress on the approval process, project development, and recent exploration achievements at Patterson Corridor East. Management will also discuss insights into the Company's marketing negotiations, developments on financing activities, along with an analysis of current market fundamentals and industry dynamics.

Call-in Details:

Date: Tuesday, November 12, 2024
Time: 8:30 am Eastern Standard Time

RapidConnect URL: https://emportal.ink/4dkJtze
North America Toll Free: 1-437-900-0527
Australia Toll-Free: 612-8017-1385

Prior to the call, the Company will file its Q3 2024 Financial Statements and Management Discussion & Analysis on Friday, November 8 th , before market open. These fillings will be available for review on the NexGen website under Reports and Filings and on the Company's SEDAR+ profile at www.sedarplus.com . In addition, a replay will be available on the NexGen website under Events & Presentations.

Further Information is available at www.nexgenenergy.ca .

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.  NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally.  The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada , and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power.  The Company is headquartered in Vancouver, British Columbia , with its primary operations office in Saskatoon, Saskatchewan .

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property, the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a materially adverse manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 6, 2024 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR+ at www.sedarplus.ca and Edgar at www.sec.gov .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/nexgen-energy-to-host-q3-2024-conference-call-on-rook-i-project-developments-302292450.html

SOURCE NexGen Energy Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/31/c3125.html

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