April 22, 2022 Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.15 target, David A. Talbot) has closed the previously announced acquisition of the Milo U-Cu-Au-REE project in
April 12, 2022 Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.15 target, David A. Talbot) is planning a systematic exploration program at the La Rosada target, at
The 2022 Canadian Budget was announced yesterday. It seems to get a passing grade from trade groups such as the Steel Producers Association and Mining Association of Canada.
This price increase is following a news article from Bloomberg yesterday speculating that the US might sanction Russian uranium supplier, which had previously been excluded from the Russian oil and gas import ban. UxC suggests that the article triggered a huge jump on Wednesday afternoon following its daily 2:30pm price cut-off. It appears that the response is mainly from traders bidding up the price.
Yesterday, Red Cloud hosted the first day of its three-day 2022 Very Pre-PDAC Mining Showcase, which featured 36 presenting uranium and battery metal companies including our keynote speakers Andrew Leyland, Head of Strategic Advisory at Benchmark Mineral Intelligence and Anna Bryndza, Executive Vice President at UxC, LLC and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s 2022 Very Pre-PDAC Mining Showcase, register here. Replays are available on the Red Cloud website.
Uranium prices are up sharply on apparent Sprott Physical Uranium Trust (SPUT) buying as security of supply concerns emerge in light of economic sanctions levied against Russia in response to the Ukraine invasion. Funding of additional physical U3O8 purchases by SPUT may help propel prices above US$50/lb and perhaps close to incentive prices needed by project developers. We anticipate uranium equities to react very positively.
Consolidated Uranium (CUR) and Labrador Uranium (LUR) (Private, Not Rated) have closed the previously announced spin-out of LUR as anticipated. Pursuant to the close and as of 12:01am on Feb 22/22, CUR has transferred ownership of the Moran Lake project to LUR in exchange for 16M shares, which will be distributed to CUR shareholders of record. In our view, the spin-out of LUR creates a unique uranium exploration vehicle in Labrador. LUR begins life with an existing resource base, massive land package and considerable upside potential. While we had already accounted for the removal of Moran Lake from CUR’s model, we are reducing our target price for CUR to C$4.15 to account for recent changes in its working capital.
February 18, 2022 Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.50 target, David A. Talbot) announced initial work programs on three of its recently acquired uranium projects
February 15, 2022 Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.50 target, David A. Talbot) announced the record date for the spin-out of Labrador Uranium (LUR), a majority-controlled
February 4, 2022 Consolidated Uranium Inc. (TSXV:CUR, BUY, C$4.50 target, David A. Talbot) announced that its shareholders have overwhelmingly approved the proposed spin-out of Labrador Uranium