Tag Archives: uranium
Uranium Night – PDAC 2025
Uranium Night will be happening again this year on March 03, 2025 at the ‘Lucky Clover’.
–The Lucky Clover Sports Pub is located at 17 Lower Simcoe, Toronto Ontario.
This is located very close to the Metro Convention Center where the PDAC is hosted.
Uranium night is a premier networking event hosted by 10 publicly traded uranium exploration companies featuring complimentary drinks and food plus live entertainment.
-It is an invite event however if you are involved in this sector of the mining industry you may already know about it or you may be able to get an invite. Definitely worth a visit in our opinion.
PDAC 2025 -Prospectors and Developers Association Annual Convention
It is that time again! A most important time of the year for investors in the thousands of companies involved in the mineral exploration and mining business globally.
With the many transitions in communications, finance, currencies, transportation and other crucial industries the spotlight on mineral discoveries has arguably never been more prominent than in 2025.
The 2025 Prospectors and Developers Association Convention (PDAC) is the landmark event for the global mineral exploration and mining industry, scheduled from March 2-5 at the Metro Toronto Convention Centre. This 93rd annual convention, renowned as the world’s premier gathering of its kind, will host over 1,100 exhibitors and attract nearly 30,000 attendees from over 135 countries.
With cutting-edge programming, a world-class trade show, and unparalleled networking opportunities, PDAC 2025 aims to foster innovation, collaboration, and investment in the sector. This year’s convention promises to spotlight critical issues like sustainability, indigenous engagement, and emerging market trends.
The many hospitality suites generate lasting memories for geologists from around the world who may only get to see each other at annual events such as this. The size and scope of these events can indeed be a barometer of how well the industry is doing at the time.
So for many investors in these companies it is a chance to reconnect with management andwe expect this year to be no different, please enjoy safely!
Register before Feb 07, 2025 for discounted rates.
Editor,
The Canadian Junior Report
2024 Uranium Prices On The Rise
Spot uranium prices continue to remain comparatively strong with spot uranium currently trading at $92.15 USD.
There are various reports that the overhang of uranium and recycled uranium in the form of Soviet era weapon grade uranium have been almost completely used up and new sources need to be supplied.
There is also a recent bill signed by the U.S. Senate and passed through to President Biden to sign into law which bans the import of ‘low enriched uranium’ (LEU) of Russian uranium.
This places further pressure on western companies to supply more of the yellow cake. The ban will come into effect 90 days after the date of the enactment and will terminate in 2040, so the game is afoot as they say. It has been estimated that the shortage could total 1 billion pounds by the year 2040.
The Sprott Uranium Miners ETF symbol URNM is trading at $53.95 usd which is fairly near its all time high of $58.96 usd so it continues to boast a healthy looking chart.
The Sprott Junior Miners ETF symbol URNJ is also appearing relatively strong, trading at $27.83 usd with an all time high of $30.27 usd. Will a breakout occur soon?
Interesting times for the uranium mining industry and at last a chance to profit from all the hard work that has been going into this sector for years now. It has been noted that restarting inactive mines is vital to increase short-term supply, as new mines can take 10-15 years to become operational.
Please stay tuned for more reports on uranium mining and mining exploration companies.
Disclaimer: Editor holds no shares in the Sprott Uranium ETF or the Sprott Junior Miners ETF at present but may buy or sell at any time in the future.
Junior Exploration Companies 2023 Update
After experiencing what appears to be a bottoming phase in market cap/share prices prices in October 2023, it appears that the worst may be over for investors in the junior company exploration sector.
The market caps of many of the companies on the junior exchanges have risen 20% to 100% or more and many have held their gains – much to the relief of battered investors.
There are various reasons for the cyclical nature of this sector, some easier to identify than others.
The demand for traditional as well as more exotic minerals is not going away anytime soon it appears. In fact there is incredible demand for some metals and minerals in our current technological society.
-For example the demand for lithium hydroxide seems to know very few bounds and the price has soared to $79,000.00 per ton (U.S).
Lithium Chart- Feb 01, 2023
Lithium is used in batteries for the electric vehicle market and this has spurred a major amount of exploration activity for new lithium deposits around the globe.
-Demand for copper is reportedly going to reach unheard of numbers in the near future as well, although price has not really reflected that as of yet. As seen on the internet, a report from S&P Global forecasts that “global demand for the metal could double by 2035, from 25 million metric tons to 50 million metric tons.”
The report also stated that “by 2030, supply from both existing and projected copper mining activities will meet just 80% of our needs.”
Copper Charts from Kitco.com
-In fact all of the minerals used in electric vehicles such as copper, aluminum, manganese, indium, rare earth elements, helium, cobalt, graphite and potash are apparently much needed in our society moving ahead.
-This is not even mentioning the uranium sector which is really a great solution for a lot of our energy problems according to many experts in the field, as the carbon generation is virtually non-existent with nuclear energy.
-So in speaking for weary investors, we say let the good times return to this sector, it has been a long wait!!
PDAC 2022 ‘Prospectors & Developers Association of Canada’ 90th Year
Exciting News: The PDAC is back in person in 2022, for its 90th birthday!
The date of the show will now be held from June 13-15 in person and June 28-29 online.
This is a change from the usual spot in early March, probably due to ongoing pandemic considerations.
After 2 years of being hosted online only due to the Covid pandemic it appears 2022 will see the world renowned Prospectors and Developers Association of Canada back in all it’s glory.
Also looks like this years event will be busy as we see this announcement on the official website:
“Please note that exhibit space for the in person portion of the Trade Show is sold out. See below for more details.” Prior years regularly have seen well over 30,000 attendees so we expect the event to be very busy this year given that the pandemic measures continue to normalize.
You can register by clicking this link: PDAC 2022 Registration
-The location for exhibits and trade show events at the Metro Toronto Convention Centre in downtown Toronto at 222 Bremner Boulevard, Toronto Canada.
As usual we expect to see various company parties and evening events hosted at other venues in the surrounding downtown area as in pre covid years. There is usually a list of events posted in the lobby of the Royal York Hotel and
flyers posted and so on in the convention area and at the exhibit booths.
2022 promises to be a very exciting year as there has been a lot of important discoveries and the term ‘commodities supercycle’ has become popular lately, as well as the need for certain metals to support national defense and various industries that rely on a secure supply of metals for their products. This has lent a more than usual sense of urgency to the important task of finding new mineral resources.
Hope to see you there!
Editor,
The Canadian Junior Report
PDAC Contact Address:
–Prospectors & Developers
Association of Canada
800-170 University Avenue
Toronto, Ontario M5H 3B3
416 362 1969
info@pdac.ca convention@pdac.ca
Appia Energy (API.C) working in the Athabasca Basin
April 23, 2019
Appia Energy has finished the winter drill program on their Loranger property.
All of the drill core samples have been sent to Saskatchewan Research Council’s Geoanalytical Laboratory, an ISO/IEC 17025:2005 (CAN-P-4E) certified laboratory in Saskatoon, Sask. and will be released pending company review.
Full press release can be viewed here: Loranger Press Release
