![]() 22, two days before the invasion started.Įven if global tensions ease, uranium’s fundamentals look favorable. The fresh spike in prices pushed Skyharbour’s share price to CA$0.70 on March 4, up from CA$0.52 on Feb. With Russia’s invasion of Ukraine showing few signs of slowing down, and Russia, Uzbekistan and Kazakhstan among the world’s top eight uranium-producing countries, uranium prices are set to climb even higher. threshold to $51.25/lb., a year-over-year increase of 85.7%, according to to. On March 4, the spot price pushed through the US$50/lb. In March 2021, the spot price for uranium hovered around US$30 per pound (US$30/lb). Higher Resource Prices Push Up Uranium Stock Pricesįor investors, drilling could not be happening at a better time. Viper drilling will follow up on a historical intersection of 0.27% U308 over 4.5 meters. It will also investigate new zones in and around its Viper target, about 1.5 km northeast of the main Maverick zone. Skyharbour plans to drill at least 2,500 meters over as many as nine holes in the Maverick East Zone at Moore and at the Grid 19 target area. (CCO:TSX CCJ:NYSE) regional infrastructure for its Key Lake and McArthur River mines. (DML:TSX DNN:NYSE.MKT) development-stage Wheeler River project at the southeast end of the basin and southwest of Cameco Corp. The 37,705-hectare Moore project is just 15 km east of Denison Mines Corp. (SYH:TSX.V SA:NYSE.MKT) has launched a winter drill program at its 100% owned Moore Uranium Project in Canada’s prolific Athabasca Basin in Saskatchewan. Against a backdrop of fast-rising uranium prices, Skyharbour Resources Ltd.
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