Top-News of the week:
Uranium Energy Receives Final Mine Permit for Its Burke Hollow ISR Project!
Uranium was one of our special themes at our latest newsletters. Right now, the sector seems to accelerate (see Market Watch)! Therewith, one news is going to rock Uranium Energy: Burke Hollow has been granted!
As the company announced a few days ago, the Company’s Burke Hollow in-situ recovery project in South Texas has been issued the Final Mine Area Permit by the Texas Commission on Environmental Quality. Burke Hollow is the third project to be developed as part of the Company’s hub-and-spoke strategy that is designed for low-cost ISR mining operations. The Mine Area Permit authorizes over 11,000 acres for mining multiple production sands within two large confirmed production areas discovered to date. Texas state has earlier issued two final Class 1 disposal well permits for the Burke Hollow project. Concurrently, the Radioactive Material License is in technical review and the Aquifer Exemption request has already been submitted to the United States Environmental Protection Agency. The receipt of these permits, in addition to the already approved disposal well and mine permits, would allow for production development to commence at Burke Hollow, one of the Company’s largest ISR projects.
A sensational success for Uranium Energy, which should grow to one of the largest uranium producers in the US if uranium would see a renaissance.
News: UEC final permit Burke Hollow
Video: Uranium Energy: Uranium Price at Bottom - U308 Production Pending Higher Price
Market Watch:
Gold and silver heavily hit after FED decision
It was expected and we suggested it a short time ago: After the FED’s decision to raise the federal interest rates by 0.25% now and a further three times in the next year, the gold and especially the silver price collapsed. To be honest: We heard a similar announcement also at the end of 2015 and nearly nothing happened in 2016. The FED is famous for its smoke grenades, even though Trump will give a hard pressure on it. Anyway, he didn’t suggest only once that he would like to fire Yellen. The forecast for the development of the gold and silver price for 2017 seem to be difficult. Did we see only a bear-market-rallye in 2016? A reputable forecast cannot be made before the beginning of 2017.
Video: Dr. Torsten Dennin: "Still at the Bottom of New Commodity Cycle"
Uranium price heavily raises!
Within the last few SRC-newsletters, we suggested the possibility for a shortly rebound at the uranium sector. It seems to be started in the last few days. From December, the 6 th until December, the 14 th, the uranium spot price raised from US$18.03 to US$22! A plus of more than 20% within only one week! How far this spot price increase, which is always some kind of leading indicator, will be sustainable must be left open for the moment. But fact is: When we will see a rebound at the uranium spot price, we will also see skyrocketing uranium stocks.
Video: Fission Uranium: "Our Share Price Is Following the Uranium Price"
Company News:
EnWave on fire! – Two additional deals!
Around two weeks ago, EnWave announced a Technology Evaluation and License Option Agreement with a Major European Dairy Processor. Now, the company announced two additional deals!
Firstly, EnWave announced, that it has signed a Technology Evaluation and License Option Agreement with a Major American Pulse Crop Processor to explore the potential for dried pulse crop products processed by the Company’s patented Radiant Energy Vacuum (“REV™”) dehydration technology. The Research Partner will have the exclusive option to license the use of REVTM technology for the production of pulse crop products within an agreed territory.
And secondly, the company was able to sign a Technology Evaluation and License Option Agreement with Born Wild LLC, a seafood processor located in the United States of America. Born Wild plans to develop dried seafood snack applications processed by the Company’s patented Radiant Energy Vacuum (“REV™”) dehydration technology. Born Wild will collaborate with EnWave’s product development team at the Company’s pilot plant facility to develop several unique seafood snack products for human consumption.
Milk products, meat products, animal food and now pulse crop and seafood EnWaves dehydration technology seems to assert itself in really every part of the food sector. Should these Technology Evaluation and License Option Agreements lead to full license agreements, the EnWave stock may go through the roof.
News: All News of EnWave
Sensational news from Sibanye Gold right before year-end! A couple of days ago, the company announced, that it has reached a definitive agreement to acquire Stillwater Mining Company for US$18 per share in cash, or US$2.2 billion in aggregate. Stillwater Mining Company, a leading palladium and platinum producer located in Montana and headquartered in Colorado, USA, is a Tier One producer of platinum group metals. Stillwater currently comprises two underground PGM mines (the Stillwater Mine and the East Boulder Mine), the Blitz organic growth Project and the Columbus Metallurgical Complex.
The Transaction is consistent with Sibanye’s strategy of creating superior value for all of its stakeholders by enhancing the cash flow generation through value accretive growth, which underpins its strategy of paying sustainable, industry-leading dividends. The Transaction represents a transformational opportunity for Sibanye to acquire high-quality, low-cost, PGM assets at a favorable point in the cycle. Strategically the Transaction is compelling in that it expands Sibanye’s PGM portfolio with high-grade reserves that currently support over 25 years of mine life, and provide near term, organic, low-cost growth through the Blitz Project. And at least it is a perfect deal to create a regional diversification.
News: SIBANYE ANNOUNCES PROPOSED ACQUISITION OF STILLWATER MINING COMPANY
Interview: Sibanye Gold: Huge Reserves, Profitable Gold Production in South Africa & Highest Dividend of Peer Group
Endeavour Silver recently announced, that exploration drill programs on the El Compas property in Zacatecas State and the Terronera property in Jalisco State, Mexico have discovered new high-grade, silver-gold mineralized zones within recently identified epithermal quartz veins on each property. The best intercepts at El Compas include 72 grams per ton (gpt) silver and 26.5 gpt gold (1,928 gpt silver equivalent (AgEq)) over 1.81 m true width, or 56.2 ounces per ton (opT) AgEq over 5.9 feet (ft), including 283 gpt silver and 132.5 gpt gold (9,558 gpt AgEq) over 0.24 m true width, or 278.7 opT AgEq over 0.8 ft. The best grades from Terronera include 408 gpt silver and 58.6 gpt gold (4,512 gpt AgEq) over 1.14 m true width, or 131.5 opT AgEq over 3.7 ft, including 1,365 gpt silver and 238.0 gpt gold (18,025 gpt AgEq) over 0.9 m true width, or 525.5 opT AgEq over 2.8 ft.
Once again great results from Endeavour Silver, which promise high profits in case of coming mining activities.
Endeavour Silver Drill Programs Discover New High-Grade, Silver-Gold Mineralized Zones at the El Compas and Terronera Properties in Mexico
A couple of days ago, TerraX Minerals announced grab samples up to 72.6 g/t Au from the balance of surface sampling results from the Main and Hanging Wall mineralized structures on the Sam Otto target area. The Sam Otto sampling has extended the Main Zone north and south from the drilling completed in the winter 2016 program that included 49.70 m @ 1.00 g/t Au and 30.70 m @ 1.33 g/t Au, and it has defined new mineralization on the Hanging Wall zone 50 meters to the east. Surface mineralization has now been identified on these zones for 1.5 km of strike length with grab samples up to these previously announced 72.6 g/t Au returned during sampling this past summer at the Yellowknife City Gold project.
Therewith, the project hosts a whole bunch of high-grade areas, which should get exploited economically.
News: TerraX samples up to 72.6 g/t Au in grab samples at Sam Otto
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