The Biden administration is investigating a significant increase in enriched uranium imports from China, fearing it could be a loophole for Russia to circumvent a U.S. import ban. This move comes amid concerns about Russian funding for its war in Ukraine and rising geopolitical tensions with China.
Skyharbour Resources Ltd. (SYHBF) has initiated a 2,500-meter summer drill program at its Moore uranium project in Saskatchewan. The program aims to expand and characterize the high-grade Main Maverick and Maverick East zones, leveraging existing infrastructure to reduce costs. The company is also advancing its prospect generator strategy, with several partner companies exploring their respective projects.
Laramide Resources Ltd. has announced significant high-grade uranium intercepts from its 2024 drilling program at the Amphitheatre prospect within the Westmoreland Uranium Project in Queensland, Australia. The intercepts, including 4.0m @ 0.52% U3O8 within a broader zone of 11.3m @ 0.23% U3O8, highlight the significant prospectivity of the broader Westmoreland district and support Laramide’s focus on expanding mineable resources and improving project economics.
HoldCo Markets initiates coverage on Tisdale Clean Energy Corp. (TCEFF), a uranium explorer with a compelling earn-in opportunity for a 75% interest in the South Falcon East property in Saskatchewan’s Athabasca Basin. The company’s existing resource, a 6.9 Mlb Inferred resource of U3O8, sets it apart from peers and offers significant exploration upside, despite lower-than-average uranium grades. HoldCo assigns a CA$0.13 per share price objective, representing a potential 117% return for investors.
IsoEnergy Ltd. has successfully completed Ambient Noise Tomography (ANT) surveys at its Larocque East Project in the Athabasca Basin, uncovering six new high-priority drill targets. These targets, located along a known conductor corridor that hosts the high-grade Hurricane deposit, show strong hydrothermal alteration, a key indicator of potential uranium mineralization. Early drilling results confirm the correlation between low-velocity zones and alteration, further strengthening the prospectivity of the project.
Turkey’s top ministers, including Foreign, Defense, and Energy officials, visited Niger to secure access to its uranium deposits, aiming to fuel Turkey’s developing nuclear industry. This move comes as Niger’s military government severed ties with France, revoking the operating license of French nuclear fuel producer Orano, and showcasing the country’s rich uranium resources as a key target for global energy ambitions.
