March 18, 2022 Laramide Resources Ltd. (TSX:LAM, BUY, C$0.80 target, David A. Talbot) has appointed Mr. David Thomas as General Manager of US Operations, effective
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.
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.
January 12, 2022 Laramide Resources Ltd. (TSX:LAM, BUY, C$0.80 target, David A. Talbot) announced that ~16.88M or 99.7% of its 5-Jan-22 warrants at 45 cents
November 24, 2021 Laramide Resources Ltd. (TSX:LAM, BUY, C$0.80 target, David A. Talbot) announced the appointment of Ms. Jacqueline Allison as a Non-Executive Director to
UT announced the filing of a Restated Base Shelf Prospectus. SPUT may now issue up to US$3.5B of units in Canada during a 25-month period starting 10-Aug-21. It had already approached its previous ceiling of US$1.3B. The At-The-Market program has also been updated. We view the potential for SPUT to raise further funds as very good news for the entire uranium sector.
November 16, 2021 Laramide Resources Ltd. (TSX:LAM, BUY, C$0.80 target, David A. Talbot) announced it has commenced a helicopter supported reconnaissance stream and soil sampling
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
September 13, 2021 Uranium market update – Uranium prices have been on a tear in 2021, and more specifically since early August (refer to the figure
August 18, 2021 Laramide Resources Ltd. (TSX:LAM, BUY, C$0.90 target, David A. Talbot) announced that its common shares have commenced trading on the OTCQX Best Market