The price of uranium is currently over 100$ per pound, near its highest level since 2007 as supply chain issues, nuclear expansion plans, and geopolitical tensions, have all combined to create a dramatic surge in uranium prices. The price per pound has more than doubled since Russia’s invasion of Ukraine in Feb. 2022. It seems that uranium market is expected to continue heating up with prime focus on Uranium Mining Stocks.
In a significant step towards harnessing the energy of the future, Stallion Uranium Corp. ("Stallion" or the "Company") [TSX-V: STUD; OTCQB: STLNF; FSE: HM40] has embarked on an innovative journey at its Gunter Lake Uranium Project, located in the heart of the southwestern Athabasca Basin, Saskatchewan. The company's recent engagement with Axiom Exploration Group to conduct an Aerial Gravity Survey marks a pivotal moment in its exploration efforts, promising to unlock new potentials in uranium mining.
The groundbreaking Aerial Gravity Survey set to commence in February utilizes cutting-edge technology to measure density changes in the earth's subsurface. This method complements data from the VTEM™ Plus survey completed last year, aiming to pinpoint potential uranium alteration zones. Such zones are critical for the discovery of uranium mineralization, a fact underscored by the survey's role in the discovery of NexGen Energy’s Arrow deposit.
Drew Zimmerman, CEO of Stallion, shared his enthusiasm for the project's progress, stating, “As we prepare for our maiden drill program at the Appaloosa target, the gravity survey will further refine other prospective zones towards drill readiness. Our strategy is focused on methodically advancing priority targets across our extensive land package in the renowned southwestern Athabasca Basin.”
The survey will be conducted using Xplorer™NxT™ systems mounted on AS350 B-series helicopters, renowned for their precision and capability in conducting geophysical surveys over challenging terrain. This strategic choice ensures the highest survey specifications are met, thanks to the helicopters' unique Starflex rotor system and robust power.
Gunter Lake Project
The Gunter Lake Project is an unexplored gem in Stallion Uranium's portfolio, spanning 17,769 hectares with 4 mineral claims in the Western Athabasca Basin. Despite its untested status, the project boasts several kilometre-scale prospective zones, including the Coyote target, which will be the focal point of the upcoming gravity survey. This survey aims to delineate areas of potential uranium alteration, a step that could lead towards a significant uranium discovery. The project's proximity to NexGen Energy’s SW2 Property, home to the prolific Arrow Uranium deposit, further amplifies its potential.
Stallion Uranium stands at the forefront of the uranium mining industry, propelled by a vision to fuel the future with clean, sustainable energy. The Gunter Lake Project, with its untapped potential and strategic exploration initiatives, represents a critical milestone in the company's journey. As the world pivots towards greener energy solutions, uranium's role as a key player in nuclear energy promises a bright future, with Stallion Uranium leading the charge towards innovative, efficient, and environmentally responsible uranium mining.
Other uranium mining stocks to keep an eye include URANIUM ENERGY CORP (UEC), CAMECO CORP (CCJ), NEXGEN ENERGY LTD (NXE) and URANIUM ROYALTY CORP (UROY)
In today's trading session, the spotlight shone brightly on a handful of penny stocks, showcasing significant activity and drawing the attention of investors looking for high-potential investments at lower price points. Leading the pack, Plug Power Inc. (PLUG) saw its shares rise to $4.7, marking a gain of $0.25 or 5.62%, backed by a substantial trading volume of 110.23M against its average of 45.99M, emphasizing the growing interest in sustainable energy solutions with a market capitalization of $2.85B. Close behind, Denison Mines Corp. (DNN) advanced to $2.14, up by $0.14 or 7.00%, with a trading volume of 30.04M, indicating a bullish sentiment towards uranium mining as the push for clean energy intensifies, reflected in its $1.88B market cap. Tilray Brands, Inc. (TLRY) also caught traders' eyes, climbing to $1.96 with a 7.10% increase and a trading volume of 27.74M, as the cannabis sector continues to evolve, showing a market cap of $1.48B. Notably, SunPower Corporation (SPWR) surged a remarkable 22.11% to $3.7 on a volume of 22.44M, spotlighting the solar energy sector's potential for growth with a $648.84M market cap. FuelCell Energy, Inc. (FCEL) rounded out the list with a 9.17% jump to $1.31 and a trading volume of 27.18M, highlighting the burgeoning interest in fuel cell technology, underpinned by a market cap of $591.86M. These movements underscore a heightened investor interest in sustainable and innovative sectors, marking these penny stocks as ones to watch in the current market landscape.
Source: https://finance.yahoo.com/news/stallion-uranium-engages-axiom-exploration-110000221.html
Source: https://finance.yahoo.com/news/uranium-prices-hit-highest-level-205600739.html#:~:text=The%20News,2022.
https://finance.yahoo.com/u/yahoo-finance/watchlists/most-active-penny-stocks/
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