Latest news with #Uranium
Middle East Eye
5 hours ago
- Business
- Middle East Eye
Trump nuclear proposal allows Iran to enrich uranium: Report
The US will allow Iran to enrich Uranium at a low level for a predetermined amount of time as part of a nuclear deal, according to a proposal passed to Iran from the Trump administration, Axios reported on Monday. The report could reassure advocates of a deal, given Iran's insistence that it retain the right to enrich Uranium at some level, but is likely going to be met with fiery criticism by Israel and its allies in the US Congress. Israeli Prime Minister Benjamin Netanyahu has been advocating for preemptive military strikes on Iran. Israel says the only nuclear deal it wants is akin to that which former Libyan leader Muammar Gaddafi agreed to in 2003, which saw the full destruction of Libya's nuclear infrastructure. Trump said last week that he warned Netanyahu not to launch preemptive strikes on Iran. But he also said on Friday that he wanted a deal in which "we can blow up whatever we want, but nobody getting killed". His proposal is a serious climbdown from that kind of talk. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters It would allow Iran to enrich uranium up to three percent within its borders to maintain a civilian nuclear programme. The figure is substantially below the 60 percent level it is currently at, according to Axios. It is close to the 3.67 percent enrichment level the Obama administration agreed to with Iran as part of the 2015 nuclear deal. What we know The previous Trump administration unilaterally withdrew from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), in 2018. If the proposal stands as reported by Axios, it would mark a major concession by the Trump administration, which stated its own red line on a deal was preventing Iran from enriching uranium. "An enrichment programme can never exist in the state of Iran ever again. That's our red line. No enrichment," US envoy Steve Witkoff told Breitbart News in May. Like the Obama agreement, Iran would be restricted to enriching at the three percent threshold for a certain time period. The JCPOA imposed a 15-year time limit on Iran's enrichment limit. The Trump proposal leaves the time limit open for the following rounds of negotiations. The US and Iran have held five rounds of talks so far. The negotiations have been mediated mainly by Oman, but Witkoff and Iranian Foreign Minister Abbas Araghchi have met in person. The Trump proposal reported by Axios also appears to echo the 2015 deal in other areas. Iran will not be allowed to build any new enrichment facilities and must "dismantle critical infrastructure for conversion and processing of uranium", Axios reported. That language is similar to the 2015 nuclear deal, which mandated Iran to dismantle and remove two-thirds of its centrifuges. The Trump proposal calls for Iran to make its underground enrichment facilities "non-operational" for a period of time to be negotiated by the parties. The 2015 deal prevented enrichment at the underground Fordow facility until 2031. Witkoff sent the US proposal to Iran on Saturday. Enrichment Consortium According to Axios, it relies heavily on a "strong system for monitoring and verification" by the International Atomic Energy Agency. One key difference between the 2015 deal and the Trump proposal is that it envisions a regional enrichment consortium including Iran. Several reports have said that Saudi Arabia and the UAE - two key US partners - could join Iran as part of the consortium. The Gulf states vehemently opposed the 2015 nuclear deal, as they were locked in proxy struggles with Iran throughout the region. However, Riyadh and Abu Dhabi have had a rapprochement with the Islamic Republic over the last several years. Saudi Foreign Minister Prince Faisal bin Farhan said after Trump's visit to Riyadh in May that the kingdom 'fully supports' the nuclear talks. The White House neither confirmed nor denied the Axios report. Iran has yet to comment on it. On Monday, Iranian foreign ministry spokesman Esmaeil Baqaei told a news conference that Tehran was seeking clarification on debilitating sanctions relief as part of a deal. 'We want to guarantee that the sanctions are effectively lifted,' he said. "So far, the American side has not wanted to clarify this issue.' The Wall Street Journal editorial board published an article on Sunday saying the Trump administration had paused all new sanctions activity toward Iran.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Oberon Uranium Corp. Completes Sale of Saskatchewan Mineral Claims
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - OBERON URANIUM CORP. (CSE: OBRN) (" Oberon" or the " Company") is pleased to announce that, further to its news release dated May 15, 2025, it has closed the sale of its 22 mineral claims totaling 18,924 hectares known as the Fusion Uranium Zone Project located in the Athabasca Region of Saskatchewan (the "Property"). Pursuant to an asset purchase agreement dated May 15, 2025, as amended dated May 23, 2025 (the "Agreement"), with Little Fish Uranium Corp., Oberon has sold the Property to Little Fish for $700,000 in cash. The transaction is an arms-length transaction for the Company and does not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the CSE. About the Company Oberon Uranium Corp. is a mineral exploration company with a 100% interest in the past producing Lucky Boy Uranium Property located in Arizona, USA. For further information, please refer to the Company's disclosure record on SEDAR+ ( or contact the Company by email at info@ On Behalf of the Board of Directors " Lawrence Hay" President and CEO Tel: 778.317.8754 Email: info@ Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
3 days ago
- Business
- Yahoo
Oberon Uranium Corp. Completes Sale of Saskatchewan Mineral Claims
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - OBERON URANIUM CORP. (CSE: OBRN) ("Oberon" or the "Company") is pleased to announce that, further to its news release dated May 15, 2025, it has closed the sale of its 22 mineral claims totaling 18,924 hectares known as the Fusion Uranium Zone Project located in the Athabasca Region of Saskatchewan (the "Property"). Pursuant to an asset purchase agreement dated May 15, 2025, as amended dated May 23, 2025 (the "Agreement"), with Little Fish Uranium Corp., Oberon has sold the Property to Little Fish for $700,000 in cash. The transaction is an arms-length transaction for the Company and does not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the CSE. About the Company Oberon Uranium Corp. is a mineral exploration company with a 100% interest in the past producing Lucky Boy Uranium Property located in Arizona, USA. For further information, please refer to the Company's disclosure record on SEDAR+ ( or contact the Company by email at info@ On Behalf of the Board of Directors "Lawrence Hay"President and CEOTel: 778.317.8754 Email: info@ Forward-Looking Information Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The CSE has not reviewed, approved or disapproved the contents of this news release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Skyharbour's Partner Company Mustang Energy Commences Field Program at 914W Uranium Project Located in the Athabasca Basin, Saskatchewan
Vancouver, BC, May 26, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) ('Skyharbour' or the 'Company') is pleased to announce that partner company Mustang Energy Corp. ('Mustang') has commenced its 2025 field exploration program at the 914W Uranium Project (the 'Project'), located in Athabasca Basin region. Mustang Energy may acquire a 75% interest in the Project by issuing common shares having an aggregate value of CAD $480,000, making aggregate cash payments of $275,000 to Skyharbour, and incurring an aggregate of $800,000 in exploration expenditures on the property over a three-year period. 914W Property Map: The field program at the Project will involve surface prospecting activities, including detailed rock and soil sampling, aimed at identifying zones of mineralization and alteration across target areas. Results from this phase of exploration are expected to inform further exploration efforts, including geophysical surveys and drilling in future phases. The program marks a step forward in Mustang's strategy to advance projects through systematic exploration. 'We're excited to launch our first field program of the summer at 914W.' said Nick Luksha CEO of Mustang Energy Corp. 'The project area has encouraging geological features, and our upcoming work is designed to generate meaningful results that will guide the next phases of exploration.' 914W Property Summary: The 914W Project consists of one claim covering 1,260 hectares approximately 48 km southwest of Cameco's Key Lake Operation. Highway 914 runs through the western edge of the project, providing excellent access for exploration. Historical geological mapping of the property and the surrounding area has shown that the project is predominantly underlain by prospective Wollaston Supergroup pelitic and psammitic to arkosic gneisses of the Western Wollaston Domain, which hosts significant unconformity-related uranium mineralization in the Athabasca Basin as well as pegmatite-hosted uranium mineralization elsewhere in the Wollaston Domain. Despite the project's proximity to Highway 914 and prospective geology, the project has seen limited modern exploration work. The earliest work on the 914W property included airborne EM and magnetic surveys and ground geological reconnaissance in 1968-1970, lake water and sediment sampling in 1976, ground VLF-EM, magnetic, and radiometric surveys, geological mapping, trenching, as well as sampling on the project and surrounding areas. Immediately to the north of the 914W property, prospecting led to the discovery of the Scurry Rainbow Zone E (SMDI1961) and the Don Lake Trenches (SMDI 1983), where up to 1,288 ppm U was encountered in drill hole ML-1 (SMDI1961) in a pyroxene-rich unit, and surface prospecting revealed up to 0.64% U3O8 in a trench at Don Lake Zone E (SMDI 1983). More recently, the project has seen airborne geophysical coverage by helicopter-borne VTEM (southern half) in 2005 and Tempest TDEM (northern half) in 2007, with prospecting, geological mapping, rock/sediment sampling and lake sediment sampling occurring on the project and surrounding areas in 2005-2007. The project remains underexplored and prospective for unconformity-related and pegmatite-hosted uranium and REE's. Qualified Person: The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, a Consulting Geologist for Skyharbour as well as a Qualified Person. About Skyharbour Resources Ltd.: Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs. Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects. Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions. Skyharbour's Uranium Project Map in the Athabasca Basin: To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company's website at SKYHARBOUR RESOURCES LTD. 'Jordan Trimble'__________________________________Jordan TrimblePresident and CEO For further information contact myself or:Nicholas ColturaInvestor Relations Manager Skyharbour Resources Ltd. Telephone: 604-558-5847 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@ NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction. This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information. Error while retrieving data Sign in to access your portfolio Error while retrieving data
News.com.au
26-05-2025
- Business
- News.com.au
Resources Top 5: It's all about uranium today on the ASX … excellent
Uranium stocks surge on the ASX as Donald Trump pumps up nuclear sector with executive orders Focus Minerals sells Laverton assets to Genesis Minerals in $250m cash deal Verity and Infini lift on no news Your standout resources stocks on Monday, May 26, 2025. Uranium stocks Something a little different for Resources Top 5 today, because the whole uranium market is moving in lockstep after Donald Trump unloaded four major executive orders to stir the sector to life. We're counting this for two. It's the latest in a host of wins for nuclear power in the States, as the Republican administration picks its winners and losers in the energy space. Nuclear received a carve-out preserving the production tax credits delivered to clear energy generators in the Inflation Reduction Act, a Biden-era bill intended to spur major renewables and EV investments largely junked in a House of Reps vote last Thursday. A catalogue of four EOs have been signed by Trump to "reestablish the United States as the global leader in nuclear energy". One calls on the Secretary of Energy Chris Wright to develop a plan to expand domestic uranium conversion capacity – the US is currently heavily reliant on Russia for this, a dangerous game indeed – another wants to speed up the time to test reactors and have them safely operational at department facilities within two years from application. A fourth calls for privately funded advanced reactors to be stationed at DoE sites for the purpose of powering AI infrastructure, other critical or national security needs, supply chain items or on-site infrastructure. Its goal is to operate an 'advanced nuclear reactor at the first site no later than 30 months from the date of (the) order.' The third EO, critical for the uranium sector, includes calls to grow nuclear energy capacity in the USA from 100GW in 2024 to 400GW in 2050, by lowering "regulatory and cost barriers to entry", as well as promoting the extension of the current fleet and reactivation of closed or partly closed facilities. We'll let Canaccord analysts led by Katie Lachapelle break down what this means for US stocks. "Key takeaways include: Headline goal of quadrupling the US nuclear fleet from ~100GW (of) capacity today to 400GW by 2050 – implies an additional ~150Mlb of annual U3O8 demand and a CAGR of 6% out to 2050 (for the US alone). Targeting first new reactor deployment before Trump leaves office in early 2029, including "5 GW of power uprates to existing nuclear reactors and 10 new large reactors with complete designs under construction by 2030.' Red tape removed – Nuclear Regulatory Commission (NRC) now has 18-months to decide on new reactor licences; a process that currently can take at least five years. Uranium spot prices have staged a comeback since mid April, lifting from two-year lows of US$63/lb to ~US$70.5/lb. But yellowcake companies on the ASX were walking on air like Ralph Hinkley. As of 12.45pm AEST today, miners Paladin Energy (ASX:PDN) and Boss Energy (ASX:BOE) were up 13% and 10% respectively. Deep Yellow (ASX:DYL), Lotus Resources (ASX:LOT) and Bannerman Energy (ASX:BMN) rose ~15%, ~12% and ~8% for the advanced developer crowd. African U stocks Elevate Uranium (ASX:EL8) and Aura Energy (ASX:AEE) lifted 8.2% and 7.7% respectively, while enrichment play Silex Systems (ASX:SLX) and Canadian developer NexGen Energy (ASX:NXG) were close to 6% up. American uranium explorer and resource holder GTI Energy (ASX:GTR), which sits in the key domestic producing state of Wyoming, was up 25% on higher than normal volume. Focus Minerals (ASX:FML) Speaking of walking on air, howsabout Focus Minerals – the stock with the ticker code that's summed up its past 13 years of existence. China's Shandong Gold piled into the company in 2012, taking a 49% stake in the Aussie gold junior for a hearty $229m. It was money poorly spent. The gold price tanked in early 2013 and within months it had shut all three mines it was operating and sacked 200 people. While other companies responded to successive gold booms by reopening shuttered operations and feasting on record prices, Focus has been a slow-moving beast, sitting on the sidelines until it restarted the Coolgardie gold project in 2023. But $120m capped Focus – Shandong now holds around 63% – has had a handy boost today, inking a $250m deal that will see Raleigh Finlayson's Genesis Minerals (ASX:GMD) take its Laverton gold project off its hands. Genesis gets ~4Moz of gold in and around its Laverton mill in WA's Northern Goldfields. Critically, it means the company will be able to fill the mill in future with its own ore sources and process the bulky Tower Hill deposit closer to home at an expanded Gwalia plant. The 1.5Mtpa Barnicoat mill also seems to head Genesis' way, whether it keeps the plant or its worthwhile trading on remains to be seen. Cash is king and that's the key for Focus. The company sold a modest 5376.6oz of gold in the March quarter, losing $7.2m from its operations. FML is also thinning out capital to ramp up the Bonnie Vale underground mine at Coolgardie, finishing the March term with $20.7m in the bank against $186.86m of liabilities. The $250m payment will get the company into a net cash position right away and avoid further outlay to develop Laverton itself. 'We are extremely pleased with the outcome achieved in the sale of Laverton and believe the consideration payable represents compelling value to our shareholders," Focus exec chair Wanghong Yang said. "Proceeds from the sale of Laverton will strengthen the financial position of the Company as it continues with development at the Bonnie Vale Underground Mine and open pit mining operations at the Coolgardie Gold Project.' FML shares were up ~90% at 2.45pm AEST, while Genesis also lifted a tidy 3% to crest above a $5bn market cap. Infini Resources (ASX:I88) (Up on no news) Infini Resources gets its own entry after lifting a presumptuous ~30%, seemingly off the back of the same nuclear Trump news that has the rest of the uranium sector crowing. The latest update from this minuscule small cap – MC circa $6m – saw a bit of senior leadership arrive to the party in the form of new CEO Rohan Bone. "We are delighted to welcome Rohan as CEO of Infini Resources," exec director David Pevcic said of Bone. "His depth of experience and demonstrated success in delivering complex mining projects makes him the ideal candidate to lead Infini as we implement our strategy to transition from exploration to development. "The Board looks forward to working closely with Rohan to unlock the full value of our portfolio and deliver long-term shareholder value.' A former Alcoa, Tata Steel and Thyssenkrupp executive, the aim is to progress uranium and lithium assets the company boasts across Canada and WA. Those include the Portland Creek uranium project in Newfoundland and the Reynolds and Boulding Lake projects in Saskatchewan. XRF readings of drill hits at Portland Creek have shown some promise and sits near the large but low grade Des Herbiers deposit, which holds an inferred resource of 162Mt at 123ppm U3O8 for 43.95Mlb. Equally up inexplicably, the former Si6 Metals, Verity Resources surged 25% on Monday. Its latest news came from the 154,000oz Monument gold project near Laverton in WA, which may hold a clue. It sits very much in the neighbourhood of Genesis' Mt Morgans operation and investors are probably wondering how much its gold could be worth to Finlayson and new exec director David Coutts after the Focus deal. Aircore drilling commenced this month at Monument, where VRL is following up gold anomalism ranging up to 6.17g/t from the Star Well prospect, and the Triton prospect. It's in an analogous position to the Fred's Well prospect, which previously hit 24m at 3.24g/t from 44m including 12m at 6.35g/t. With gold prices flying, a review and validation studies of the 154,000oz across the Korong and Waihi mineral resources is ongoing, with resource drilling expected to take place in June. The plan is to both upscale and improve the confidence level of the project's resource. At Stockhead, we tell it like it is. While Elevate Uranium, Aura Energy and GTI Energy are Stockhead advertisers, they did not sponsor this article.
