Battery Metals

Crude oil futures fell for the third week out of the last four, as investors worried that weaker global growth, higher interest rates and COVID-19 lockdowns in China will hurt demand. WTI crude for June delivery (CL1:COM) closed -4.1% for the week to settle at $102.07/bbl, while June Brent (CO1:COM) ended the week -4.5% at $106.65/bbl, and U.S. natural gas (NG1:COM) finished the week with a 10.5% drubbing at $6.534/MMBtu, pulling back after hitting 14-year highs on Monday. "Fears over China's growth and overtightening by the Fed, capping U.S. growth, seem to be balancing out concerns that Europe will soon widen sanctions on Russian energy imports," Oanda's Jeffrey Halley said. Federal Reserve Chair Jerome Powell on Thursday said a 50-basis point rise in U.S. interest rates will be on the table at next month's policy meeting, which pushed the dollar to its highest levels in more than a two years.

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Oil takes 4% weekly loss as growth concerns outweigh Russian supply, for now

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Energy Fuels  - Production Timeline May Be Moving Up. Price Target Raised

Energy Fuels - Production Timeline May Be Moving Up. Price Target Raised

Energy Fuels ships Uranium, Vanadium and Rare Earth Element (REE) Carbonate in the same week. The shipment of Vanadium is not unusual nor is the shipment of REE Concentrate although it is worth noting that shipments of both elements can be erratic. The shipment of Uranium to an enrichment center in Illinois does not represent sales, per se, but can be viewed as a sign that the company is getting closer to sales. While not significant by itself, the shipment all three elements in the same week represents a milestone for the company. Energy Fuels REE production is advancing. The company has begun producing a "more advanced" form of REE Carbonate. Importantly, it was achieved with existing operations and will set the stage for the company as it takes the next step of considering complete separation of Rare Earth Elements. Energy Fuels has already begun a pilot to evaluate the separation of heavy elements and has engaged a firm to explore the separation of light elements. At this point, we do not include the separation of elements in our models. However, we do assume a growing level of REE Carbonate production. Uranium prices are soaring. Spot uranium prices have risen to $63 per pound. When we began covering Energy Fuels and the uranium industry a few years ago, prices were near $30, a price too low to justify production. We believe Energy Fuels is able to produce Uranium at a cost near $40/lb. at its White Mesa plant. A key test for Energy Fuel and other uranium companies will be whether or not consumers (electric utilities) will begin to sign long-term contracts. Production is moving forward. We are raising our price target. Rising uranium prices lead to to believe that the company is close to signing a contract and restarting uranium sales. In addition to raising our uranium price forecast to $60/lb. in 2022 and rising $5/lb. annually until hitting $80/lb., we now expect the company to begin selling uranium in 2023 instead of 2024. We have also accelerated our expectations regarding REE Carbonate sales to levels in line with management projections given recent developments. The combined impact of the aforementioned adjustments increased our estimated fair value for the stock to $13 per share from $9 per share and our price target accordingly. Read More >>

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Energy Fuels Hits Critical Mineral 'Trifecta' in Rare Earths, Uranium & Vanadium; Now Performing Commercial-Scale Partial Rare Earth Separation

Energy Fuels Hits Critical Mineral 'Trifecta' in Rare Earths, Uranium & Vanadium; Now Performing Commercial-Scale Partial Rare Earth Separation

Energy Fuels recently made commercial shipments of uranium, vanadium & advanced rare earth materials all in a single week

LAKEWOOD, Colo. , April 13, 2022 /CNW/ - Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR) ( "Energy Fuels" or the "Company" ) is pleased to announce that during the week of April 4 , the Company's White Mesa Mill located near Blanding, Utah (the " Mill ") made three (3) commercial shipments of three (3) critical mineral products. During that week, Energy Fuels shipped:

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Energy Fuels Announces 2021 Results, Including Net Profits, Strong Cash Position, and Market-Leading U.S. Uranium, Rare Earth and Vanadium Position

Energy Fuels Announces 2021 Results, Including Net Profits, Strong Cash Position, and Market-Leading U.S. Uranium, Rare Earth and Vanadium Position

Webcast on March 17, 2022

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company") today reported its financial results for the year ended December 31, 2021 . The Company's annual report on Form 10-K has been filed with the U.S. Securities and Exchange Commission (" SEC ") and may be viewed on the Electronic Document Gathering and Retrieval System (" EDGAR ") at www.sec.govedgar.shtml on the System for Electronic Document Analysis and Retrieval (" SEDAR ") at www.sedar.com and on the Company's website at www.energyfuels.com . Unless noted otherwise, all dollar amounts are in U.S. dollars.

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IperionX logo

IperionX & Energy Fuels Progress Leading U.S. Rare Earth Collaboration

IperionX Limited (“IperionX” or “Company”)(ASX:IPX)IPX) is pleased to announce that Eneígy Fuels, Inc. (“Eneígy Fuels”) (NYSE: UUUU) (ľSX: EFR) has undeítaken laboíatoíy evaluation of íaíe eaíth mineíal concentíates fíom IperionX’s Titan Píoject in west Tennessee.

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IperionX & Energy Fuels Progress Leading U.S. Rare Earth Collaboration

IperionX & Energy Fuels Progress Leading U.S. Rare Earth Collaboration

  • Energy Fuels has completed laboratory evaluation of IperionX's rare earth minerals, including monazite and xenotime, from the Titan Project in west Tennessee.
  • Energy Fuels' evaluation indicates that IperionX's rare earth minerals are suitable as a high quality feedstock to supply Energy Fuels' ongoing commercial production of mixed rare earth carbonate, an advanced material ready for rare earth separation.
  • IperionX's Titan Project contains a large amount of the light rare earths neodymium and praseodymium, as well as a significant distribution of the highly valuable heavy rare earths, terbium and dysprosium.
  • The combination of IperionX's heavy rare earth rich minerals in Tennessee, and Energy Fuels' operating processing facilities in Utah, provides the potential to rapidly progress a fully integrated rare earth magnet supply chain in the U.S.

IperionX Limited ("IperionX" or "Company") (ASX: IPX) is pleased to announce that Energy Fuels, Inc. ("Energy Fuels") (NYSE: UUUU) (TSX: EFR) has undertaken laboratory evaluation of rare earth mineral concentrates from IperionX's Titan Project in west Tennessee.

IperionX and Energy Fuels previously signed a memorandum of understanding for the supply of natural monazite sands from IperionX's Titan Project in Tennessee to Energy Fuels' White Mesa Mill in Utah (refer ASX announcement dated April 22, 2021). Energy Fuels and IperionX are continuing to evaluate expanding their collaboration to establish a fully integrated permanent rare earth magnet supply chain in the U.S.

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Azincourt Energy CEO Alex Klenman

Azincourt Energy CEO Alex Klenman: Two Great Projects in the Athabasca Basin

Azincourt Energy CEO Alex Klenman: Two Great Projects in the Athabasca Basinyoutu.be

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Baselode Energy Corp Exhibiting at Booth 332, Vancouver Resource Investment Conference, May 17-18, 2022

Baselode Energy Corp Exhibiting at Booth 332, Vancouver Resource Investment Conference, May 17-18, 2022

 Baselode Energy Corp (TSXV: FIND) would like to cordially invite you to visit us at Booth #332 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday May 17 Wednesday May 18, 2022.

Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. The Vancouver Resource Investment Conference (VRIC) will host over 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics on May 17th and 18th, 2022.

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Global Atomic Announces Q1 2022 Results

Dasa Uranium Project Fully Permitted and On Schedule for Development and Financing

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) announced today its operating and financial results for the three months ended March 31, 2022 .

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Uranium Stockpiling: The Rise of Nationalism or an Energy Security Effort?

Since 2019, energy security has become one of the most pressing issues facing countries around the globe, with COVID-19 showcasing how fragile interconnected supply chains can be amid a global health crisis.

This was evidenced again when Russia invaded Ukraine, putting Europe's oil and gas supply in limbo.

While these recent issues have brought discussions around energy security to the forefront, questions about long-term, sustainable energy supply have been growing for a long time. In 2020, then-US President Donald Trump proposed the building of a strategic uranium stockpile that would be supplied by domestically mined uranium.

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Cameco Increases Ownership Stake in Cigar Lake Mine

Cameco (TSX: CCO; NYSE: CCJ) and Orano Canada Inc. (Orano) have reached agreement with Idemitsu Canada Resources Ltd. (Idemitsu) to acquire Idemitsu's 7.875% participating interest in the Cigar Lake Joint Venture. Upon closing, Cameco's ownership stake in the Cigar Lake uranium mine in northern Saskatchewan will increase by 4.522 percentage points to 54.547%, while Orano's share will rise by 3.353 percentage points to 40.453%. TEPCO Resources Inc. retains the remaining 5% interest in the property.

"As the world's largest high-grade uranium mine, Cigar Lake is quite simply one of the best and most prolific uranium producing assets on the planet," said Cameco president and CEO Tim Gitzel. "Cameco is very pleased to increase our ownership stake in this outstanding tier-one operation. As the operator of Cigar Lake since 2002, it's an asset we know incredibly well. It's a proven, permitted and fully licenced mine in a safe and stable jurisdiction that operates with the tremendous participation and support of our neighbouring Indigenous partner communities."

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Cameco Announces Election of Directors

Cameco (TSX: CCO; NYSE: CCJ) has announced the election of nine board members at its annual meeting held on May 10, 2022.

Shareholders elected board members Leontine Atkins, Ian Bruce, Daniel Camus, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson and Don Kayne.

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