The Nuclear Power Struggle: Why America's Uranium Supply Is Under Threat
The escalating US-Canada tariff dispute is casting uncertainty over America's uranium supply, a critical resource for nuclear power. Canada supplies over a quarter of the uranium used in US reactors, but proposed tariffs from the Trump administration could increase costs by up to 10%, according to Cameco. While the tariffs are paused until April 2, the uncertainty is fueling concerns within the energy sector. With Google and Microsoft investing in nuclear power for AI-driven data centers and bipartisan lawmakers pushing for domestic uranium production, the pressure to secure stable supply is growing. However, with the US holding just 1% of global uranium reserves, Canada remains an essential partner. As the market adjusts, uranium companies like Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF), Cameco Corp. (TSX:CCO) (NYSE:CCJ), NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE), Uranium Energy Corp. (NYSE-A:UEC), and Denison Mines Corp. (TSX:DML) (NYSEAMERICAN:DNN) are positioning themselves to benefit, making strategic moves in a rapidly evolving market.
Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) is advancing the Snegamook Uranium Project, a promising asset in Labrador's Central Mineral Belt, one of Canada's most underexplored yet uranium-rich regions. Located near Paladin Energy's Michelin Deposit, Snegamook has already demonstrated strong uranium potential, with historical drilling (2006-2008) indicating multiple lenses of uranium mineralization over a 300-metre strike length and to a vertical depth of 200 metres, with grades ranging from 225 to 771 ppm U3O8. Some zones contain higher-grade uranium concentrations (e.g., 0.11% U3O8 over 3m). The project's geology suggests open-pit mining potential, a key advantage as uranium prices continue to rise.
Azincourt is now in the process of conducting further exploration to build on past findings and establish an initial resource estimate at the Snegamook Project. As global uranium demand increases and supply tightens, Snegamook is well-positioned to become a valuable asset in the evolving energy landscape.
Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) also holds an 87% interest in the 20,674-hectare East Preston Project, one of the largest land packages in the Paterson Lake region of the Athabasca Basin, home to some of the world's largest high-grade uranium deposits. The project is strategically positioned near high-grade discoveries including NexGen Energy's Arrow Deposit, Paladin's Triple R Deposit and Cameco's Spitfire Joint Venture.
Since 2018, over $10 million has been invested in exploration, leading to the discovery of multiple potentially uranium-bearing structures. In August 2024, Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) reported uranium enrichment in alteration zones, further confirming the project's strong discovery potential.
Building on this momentum, the company announced plans in April 2025 for a new geophysics program at East Preston. The fall 2025 program will use radon flux surveys to refine drill targets in uranium-enriched clay alteration zones, followed by a winter 2026 drill campaign of up to 1,500 meters focused on the high-priority K and H Zones.
Led by a seasoned team with a strong track record in uranium exploration, Azincourt Energy (TSXV:AAZ) (OTCQB:AZURF) stands apart from newer players with limited experience. CEO Alex Klenman brings over 30 years of leadership in resource companies, while VP of Exploration Trevor Perkins, a geologist with 30 years of experience, played a key role in major uranium discoveries, including the Ōrora Uranium Deposit. Their expertise, combined with Azincourt's strategic assets, provides a competitive edge as the uranium sector expands.
Click here for more information about Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).
Key Partnerships and Regulatory Milestones in the Uranium Industry
Cameco Corp. (TSX:CCO) (NYSE:CCJ), one of the world's largest uranium fuel suppliers, has joined Net Zero Nuclear as a strategic partner for 2025. This global initiative aims to triple nuclear energy capacity by 2050 to support energy security, decarbonization, technological advancements, and sustainable development. Ahead of COP30 in Brazil, Net Zero Nuclear will bring together political and industry leaders for data-driven discussions to accelerate nuclear expansion and innovation in advanced nuclear technologies. Cameco's renewed partnership underscores strong industry support for Net Zero Nuclear, building on its contributions in 2023 and 2024.
NexGen Energy Ltd. (TSX:NXE) (NYSE:NXE) announced in March that the Canadian Nuclear Safety Commission (CNSC) has scheduled hearings for its Rook I Project on November 19, 2025, and February 9-13, 2026. NexGen began the Environmental Assessment process in April 2019, securing provincial approval in November 2023. The company has completed the federal technical review, with its Environmental Impact Statement accepted as final. Local communities have endorsed the project through Impact Benefit Agreements. While NexGen and its Indigenous partners welcome the hearings, they are assessing the timing's impact on the project's progress.
Uranium Energy Corp. (NYSE-A:UEC) achieved key milestones in Q2 2025, including uranium processing at its Wyoming ISR operations and advancing construction at the Burke Hollow ISR Mine in Texas. The acquisition of Rio Tinto's Sweetwater Plant boosts UEC's U.S. licensed uranium production capacity to over 12 million pounds annually. Financially, UEC reported $49.8M in Q2 revenue, $214M in liquid assets, and no debt. The Roughrider Project's assessment shows a $946M post-tax NPV and an AISC of $20.48/lb U3O8. With an unhedged strategy, UEC capitalizes on rising uranium prices while expanding production in a tightening market.
Denison Mines Corp. (TSX:DML) (NYSEAMERICAN:DNN) announced in February that the Canadian Nuclear Safety Commission (CNSC) has scheduled public hearings for the Wheeler River Uranium Project on October 8 and December 8-12, 2025. This marks the final step in the federal approval process for the project's Environmental Assessment and construction license. If approved promptly, site preparation for the Phoenix ISR project could begin in early 2026. The hearing follows key regulatory milestones, including the completion of the federal technical review and CNSC's acceptance of Denison's Environmental Impact Statement and License application in late 2024.
In November, Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF) closed a non-brokered private placement, raising C$888,005 through 44.6 million non-flow-through units and 14.6 million flow-through units at C$0.015 each. Each unit includes one share and a warrant exercisable at C$0.05 until November 25, 2027. Funds will support exploration and general working capital.
Click here for more information about Azincourt Energy Corp. (TSXV:AAZ) (OTCQB:AZURF).
Featured Image @ Freepik
Disclaimer
1) The author of the Article, or members of the author's immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.
2) The Article was issued on behalf of and sponsored by, Azincourt Energy Corp. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Azincourt Energy Corp.'s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.'s engagement by Azincourt Energy Corp.'s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-aaz.
3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.
4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com.
5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.
6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, 'forward-looking statements'), which reflect management's expectations regarding Azincourt Energy Corp.'s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as 'predicts', 'projects', 'targets', 'plans', 'expects', 'does not expect', 'budget', 'scheduled', 'estimates', 'forecasts', 'anticipate' or 'does not anticipate', 'believe', 'intend' and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Azincourt Energy Corp.'s industry; (b) market opportunity; (c) Azincourt Energy Corp.'s business plans and strategies; (d) services that Azincourt Energy Corp. intends to offer; (e) Azincourt Energy Corp.'s milestone projections and targets; (f) Azincourt Energy Corp.'s expectations regarding receipt of approval for regulatory applications; (g) Azincourt Energy Corp.'s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Azincourt Energy Corp.'s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Azincourt Energy Corp.'s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Azincourt Energy Corp.'s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Azincourt Energy Corp.'s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Azincourt Energy Corp.'s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Azincourt Energy Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Azincourt Energy Corp.'s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Azincourt Energy Corp.'s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Azincourt Energy Corp.'s business operations (e) Azincourt Energy Corp. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Azincourt Energy Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Azincourt Energy Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Azincourt Energy Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Azincourt Energy Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Azincourt Energy Corp. or such entities and are not necessarily indicative of future performance of Azincourt Energy Corp. or such entities.
8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by C. Trevor Perkins, P.Geo., Vice President at Azincourt Energy Corp. as the Qualified Person for the Company as defined in National Instrument 43-101.
9) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on pressreach.com constitutes advice or a recommendation.
Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Coming to America? In 2025, the US to some looks less like a dream and more like a place to avoid
LONDON (AP) — The world may be rethinking the American dream. For centuries, people in other countries saw the United States as place of welcome and opportunity. Now, President Donald Trump's drive for mass deportations of migrants is riling the streets of Los Angeles, college campuses, even churches — and fueling a global rethinking about the virtues and promise of coming to America. 'The message coming from Washington is that you are not welcome in the United States,' said Edwin van Rest, CEO of Studyportals, which tracks real-time searches by international students considering studying in other countries. Student interest in studying in America has dropped to its lowest level since the COVID-19 pandemic, it found. 'The fact is, there are great opportunities elsewhere.' There has long been a romanticized notion about immigration and America. The reality has always been different, with race and ethnicity playing undeniable roles in the tension over who can be an American. The U.S. still beckons to the 'huddled masses' from the pedestal of the Statue of Liberty. The strong economy has helped draw millions more every year, with the inflow driving the U.S. population over 340 million. Early clues across industries — like tourism, trade, entertainment and education — suggest the American dream is fading for foreigners who have historically flooded to the U.S. Polling by Pew Research Center from January through April found that opinions of the U.S. have worsened over the past year in 15 of the 24 countries it surveyed. Trump and many of his supporters maintain that migrants in the country illegally threaten American safety, jobs and culture. But people in the country legally also have been caught in Trump's dragnet. And that makes prospective visitors to the U.S., even as tourists, leery. Trump's global tariff war and his campaign against international students who have expressed pro-Palestinian sympathies stick especially stubbornly in the minds of people across American borders who for decades clamored to participate in the land of free speech and opportunity. 'The chances of something truly horrific happening are almost certainly tiny,' Duncan Greaves, 62, of Queensland, Australia, advised a Reddit user asking whether to risk a vacation to the land of barbeques, big sky country and July 4 fireworks. 'Basically it's like the Dirty Harry quote: 'Do you feel lucky?'' 'American Creed,' American dilemma For much of its history, America had encouraged immigration as the country sought intellectual and economic fuel to spur its growth. But from the beginning, the United States has wrestled with the question of who is allowed to be an American. The new country was built on land brutally swiped from Native Americans. It was later populated by millions of enslaved Africans. The American Civil War ignited in part over the same subject. The federal Chinese Exclusion Act of 1882 prohibited the immigration of Chinese laborers for a decade. During World War II, the U.S. government incarcerated about 120,000 people of Japanese descent in 10 concentration camps. About two-thirds were U.S. citizens. Still, the United States has always been a nation of immigrants, steered by the 'American Creed' developed by Thomas Jefferson, which posits that the tenets of equality, hard work and freedom are inherently American. Everyone, after all, comes from somewhere — a fact underscored on-camera in the Oval Office this month when German Chancellor Friedrich Merz gave the president the framed birth certificate of Trump's grandfather, also named Friedrich, who emigrated from Germany in 1885. He was one of millions of Germans who fled war and economic strife to move to the United States in the late 19th Century. There's a story there, too, that suggests the Trump family knows both the triumphs of immigration and the struggle and shame of being expelled. After marrying and making a fortune in America, the elder Trump attained U.S. citizenship and tried return to Germany. He was expelled for failing to complete his military service — and wrote about the experience. 'Why should we be deported? This is very, very hard for a family,' Friedrich Trump wrote to Luitpold, prince regent of Bavaria in 1905, according to a translation in Harper's magazine. 'What will our fellow citizens think if honest subjects are faced with such a decree — not to mention the great material losses it would incur.' Trump himself has married two immigrant women: the late Ivana Zelníčková Trump, of what's now the Czech Republic, and his current wife, Melania Knauss Trump of Slovenia. They're still coming to America. To Trump, that's long been a problem It's hard to overstate the degree to which immigration has changed the face and culture of America — and divided it. Immigration in 2024 drove U.S. population growth to its fastest rate in 23 years as the nation surpassed 340 million residents, the U.S. Census Bureau said in December. Almost 2.8 million more people immigrated to the United States last year than in 2023, partly because of a new method of counting that adds people who were admitted for humanitarian reasons. Net international migration accounted for 84% of the nation's 3.3 million-person increase in the most recent data reported. Immigration accounted for all of the growth in 16 states that otherwise would have lost population, according to the Brookings Institution. But where some Americans see immigration largely as an influx of workers and brain power, Trump sees an 'invasion,' a longstanding view. Since returning to the White House, Trump has initiated an far-reaching campaign of immigration enforcement that has pushed the limits of executive power and clashed with federal judges trying to restrain him over his invocation of special powers to deport people, cancel visas and deposit deportees in third countries. In his second term, unlike his first, he's not retreating from some unpopular positions on immigration. Instead, the subject has emerged as Trump's strongest issue in public polling, reflecting both his grip on the Republican base and a broader shift in public sentiment. A June survey from The Associated Press-NORC Center for Public Affairs Research found that 46% of U.S. adults approve of Trump's handling of immigration, which is nearly 10 percentage points higher than his approval rating on the economy and trade. The poll was conducted at the beginning of the Los Angeles protests and did not include questions about Trump's military deployment to the city. Other countries, such as Denmark, open their doors The U.S. is still viewed as an economic powerhouse, though people in more countries consider China to be the world's top economy, according to the Pew poll, and it's unclear whether Trump's policies could cause a meaningful drain of international students and others who feel under siege in the United States. Netherlands-based Studyportals, which analyzes the searches for international schools by millions of students worldwide, reported that weekly pageviews for degrees in the U.S, collapsed by half between Jan. 5 and the end of April. It predicted that if the trend continues, the demand for programs in the U.S. could plummet further, with U.S. programs losing ground to countries like the United Kingdom and Australia. 'International students and their families seek predictability and security when choosing which country to trust with their future,' said Fanta Aw, CEO of NAFSA, which represents international educators. 'The U.S. government's recent actions have naturally shaken their confidence in the United States.'
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
A hillside of white crosses fuels a misleading story about South Africa's farm killings
MOKOPANE, South Africa (AP) — The white crosses are staked in the ground on an otherwise barren hillside on the edge of a farm, each one standing as a reminder of a terrible story of a person being killed. But the crosses, nearly 3,000 of them, do not tell the full story of South Africa's farm killings. The Witkruis Monument — which means White Cross Monument in the language spoken by South Africa's white Afrikaner minority — is a memorial only to white people who were killed on farms over the last three decades. It's a visceral snapshot seized on by some South Africans to drive a discredited narrative that white farmers in the majority Black country are being targeted in a widespread, race-based system of persecution. The false narrative has also been spread by conservative commentators in the United States and elsewhere — and amplified by South African-born Elon Musk and U.S. President Donald Trump. Last month, Trump escalated the rhetoric, using the term 'genocide' to describe violence against white farmers. The South African government and experts who have studied farm killings have publicly denounced the misinformation spread by Trump and others. Even the caretaker of Witkruis says the monument — which makes no reference to the hundreds of Black South African farmers and farmworkers who have been killed — does not tell the complete story. The killings of farmers and farmworkers, regardless of race, are a tiny percentage of the country's high level of crime, and they typically occur during armed robberies, according to available statistics and two studies carried out over the last 25 years. Yet because wealthier white people own 72% of South Africa's privately owned farms, according to census data, they are disproportionately affected by these often brutal crimes. Black people own just 4% of the country's privately owned farmland, and the rest is owned by people who are mixed race or of Indian heritage. Misinformation about farm killings has been fueled by right-wing political groups in South Africa and others outside the country, said Gareth Newman, a crime expert at the Institute for Security Studies think tank in Pretoria. Some of the fringe South African groups, which hold no official power, boycotted the country's first democratic elections in 1994, when South Africa's apartheid system of white minority rule officially ended. They have espoused a debunked theory of persecution — in a country where whites make up about 7% of the population — ever since. 'They held on to these beliefs as a way of maintaining social cohesion in their groups, making sure that they can obtain funding and support,' Newman said. 'And they were getting support from right-wing groups abroad because it fit their narrative.' A monument to white victims The Witkruis Monument was started in 2004 but recognizes victims going back to 1994. Each year, more crosses are planted to memorialize white farmers and their family members who were killed, organizers say. Recently, they've planted around 50 crosses a year. Kobus de Lange, a local Afrikaner farmer, has taken on the role of caretaker of Witkruis. He gave The Associated Press access to see the memorial, bringing along his wife and children to help tidy up the monument in the country's north, near the town of Mokopane. De Lange expressed the fear and frustration of a white farming community that feels authorities have not done enough to protect them. One of his sons wore a T-shirt with the slogan 'enough is enough' — written in their Afrikaans language — in reference to the killings. But de Lange acknowledged that the memorial does not capture the full scope of farm killings. 'It's across the board, there are Black farmers who are also attacked,' de Lange said. He said in some farm attacks, Black farmworkers are tortured by criminals for information on how to break into the main farmhouse. The Witkruis Monument would be willing to put up crosses to Black farmers and farmworkers who have been killed, but their relatives haven't requested it, he said. The monument includes memorabilia bearing the flags of conservative Afrikaner movements, symbols that are generally frowned upon because Afrikaners were at the heart of the apartheid government. Black farmworkers are also vulnerable From April 2023 through March 2024, there were 49 farm killings recorded by AfriForum, a white Afrikaner lobby group. That's about 0.2% of overall murders tallied by the government over the same period. The group recorded 296 farm robberies in that timeframe, or about 0.7% of all robberies. AfriForum's numbers don't include killings of Black farmers and workers, and the country's official crime statistics are not broken down by race. Black people make up more than 80% of South Africa's population of 62 million, and most victims of violent crime across South Africa are Black. But there is no public relations campaign to raise awareness about the killing of Black farmers. Across racial lines, most public outcry about crime in South Africa is over the high rates of rape and murder of women and children, which mostly takes place in cities and townships. To tamp down misinformation, South African police last month took the unprecedented step of providing a racial breakdown of farm killings during the first three months of the year. Between January and March, there were six murders on farms, down from 12 during the same period last year. One of the victims was white, the rest were Black. 'What Donald Trump is saying about whites being targeted does not exist,' said MmaNtuli Buthelezi, who lives on a farm in Normandien, a rural area in KwaZulu-Natal province. Black farmworkers also feel vulnerable, Buthelezi said. 'We don't even have small firearms. Our weapons are just a spear and a shield, and sticks we get from the woods.' Nomandien is an area where the farming community planted white crosses to raise awareness about farm killings in 2020. During a White House visit last month by South African President Cyril Ramaphosa, Trump showed a video in which he incorrectly referred to the location as a 'burial site' of slain white farmers. Also, and without evidence, Trump has accused South Africa's Black-led government of 'fueling' what he said was racially motivated violence against whites. In February, Trump issued an executive order punishing the country by banning all U.S. aid and assistance to South Africa. What is the motive for South Africa's farm killings? The Trump administration has cited a chant used by a minority Black-led political party in South Africa that has the lyrics 'shoot the farmer' as contributing to what it claims is the racially motivated killings of white farmers. Violent crimes against farmers were a problem for years before the apartheid-era chant was revived. The South African government investigated farm killings in 2003. It interviewed dozens of police detectives and other experts and concluded that robbery was the most common motive for violent crimes, including murders, that occurred on farms. A study by the South African Human Rights Commission in 2015 reached a similar conclusion. 'It is criminal individuals and groups that are targeting them because they are considered vulnerable,' said Newham, who has researched the subject for more than 15 years. 'They have things like cars, guns and laptops.' In some cases, perpetrators are former laborers who return to attack, kill and rob farm owners to settle disputes over money. In others, disgruntled former employees had returned simply for revenge, according to historical records of the National Prosecuting Authority. ___ Nqunjana reported from Normandien, South Africa. ___ More AP news on South Africa:
Cision Canada
an hour ago
- Cision Canada
Sprott Physical Uranium Trust Announces US$100 Million Bought Deal Financing
TORONTO, /CNW/ - Sprott Inc. (NYSE: SII) (TSX: SII) (" Sprott") on behalf of the Sprott Physical Uranium Trust (TSX: (TSX: U.U) (" SPUT" or the " Trust") today announced that it has entered into an agreement with Canaccord Genuity Corp (the " Underwriter") pursuant to which the Underwriter has agreed to purchase on a "bought deal" basis 5,800,000 units of the Trust (the " Units") at a price of US$17.25 per Unit (the " Offering Price"), representing total gross proceeds of US$100,050,000 (the " Offering"). The net proceeds per Unit to be received by the Trust will be not less than 100% of the most recently calculated net asset value of the Trust per Unit prior to the determination of the pricing of the Offering. The net proceeds of the Offering will be used by the Trust to acquire physical uranium in the form of uranium oxide in concentrates and uranium hexaflouride and related fees and expenses in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. Closing of the Offering is expected to occur on or about June 20, 2025 (the " Closing Date"), and is subject to regulatory approval including that of the Toronto Stock Exchange. The Offering will be made: (i) in all of the provinces and territories of Canada (other than Quebec) by way of a prospectus supplement to the Trust's existing base shelf prospectus dated January 3, 2024 (the " Base Shelf Prospectus"), as supplemented by a prospectus supplement (the " Prospectus Supplement" and together with the Base Shelf Prospectus, the " Offering Documents") pursuant to National Instrument 44-101 – Short-Form Prospectus Distributions and National Instrument 44-102 – Shelf Distributions; (ii) in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act") and any applicable securities laws of any state of the United States, to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act; and (iii) in jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction. The completion of the Offering shall be subject to the receipt of all necessary regulatory approvals and other conditions listed herein. The Offering Documents will be available at Investors should read the Offering Documents and other documents the Trust has filed for more complete information about the Trust and the Offering. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The Units have not been and will not be registered under the U.S. Securities Act, or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. About Sprott Sprott is a global asset manager focused on precious metals and critical materials investments. We are specialists. We believe our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and the company's common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "SII". For more information, please visit About the Trust Important information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, can be found on its website at Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking Information This press release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities laws (" forward-looking statements"). Forward-looking statements in this press release include, without limitation, statements regarding the Offering, including the intended use of proceeds from any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with the Offering. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things: investor demand the uranium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, each as updated by the Trust's continuous disclosure filings, which are available at All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
