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Uranium Royalty Snaps Up 500,000 Pounds More Of U3O8

Uranium Royalty Corp (TSXV: URC) has begun locking up additional sources of physical uranium in anticipation of climbing U3O8 prices…

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This article was originally published by The Deep Dive

Uranium Royalty Corp (TSXV: URC) has begun locking up additional sources of physical uranium in anticipation of climbing U3O8 prices. The firm this morning announced an arrangement with CGN Global Uranium for the purchase of 500,000 pounds of U3O8.

 

The purchases are set to occur over a three year period, beginning in October 2023. The first delivery is slated to consist of a total of 300,000 pounds of uranium, while subsequent deliveries in June 2024 and April 2025 will consist of 100,000 pounds of uranium each.

The uranium is all to be purchased at a price of $47.71 per pound, which CEO Scott Melbye says is “attractive pricing.” This view on the pricing of the uranium is based on factors that are said to include “[forecasts for] large 45-50 million pound annual supply deficits between production and reactor requirements at a time utility procurement volumes are expected to return to higher levels.”

The uranium has been purchased from CGN Global, which is a subsidiary of China General Nuclear Power Group, whom has uranium production across three countries and is one of the largest nuclear power operators globally. The transaction is said to require no up-front cash outlay, with payment to be made at the time of delivery.

Uranium Royalty Corp last traded at $4.99 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Uranium Royalty Corp Secures 500,000 Pounds Of U3O8 appeared first on the deep dive.

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Author: Jay Lutz

Energy & Critical Metals

Machine Safety Fences Sales Market 2021 Key Players, SWOT Analysis, Key Indicators and Forecast to 2028

Get Sample Report   Purchase Complete Report Now Global Machine Safety Fences Sales Market research is an intelligence report with meticulous efforts…

Market Research

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MR Accuracy Reports crafted the report, titled Global Machine Safety Fences Sales Market 2021 is a methodical research study based on the Machine Safety Fences Sales Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Machine Safety Fences Sales Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

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Plastic Safety Fence

Steel Safety Fence

Aluminum Safety Fence

Others

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Industrial

Warehousing

Loading and Unloading

Others

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Satech

Modern Machine Guarding

NHP

GSM

Access Safe

Sponmech

Steel Guard Safety

Stodec

MK Group

Rotoline

Safety System Products GmbH

Protective Fencing

Dingyuan Company

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Energy & Critical Metals

Rivian Stock Alert: RIVN Shares Just Lost Out on Market Cap to LCID Stock

Step aside, Rivian (NASDAQ:RIVN)! There’s a new electric vehicle (EV) startup leader based on market capitalization, and its name is Lucid (NASDAQ:LCID)….

Step aside, Rivian (NASDAQ:RIVN)! There’s a new electric vehicle (EV) startup leader based on market capitalization, and its name is Lucid (NASDAQ:LCID). Recently, Lucid’s market cap of $62 billion surpassed Rivian’s market cap of $58 billion. After Rivian ballooned to as high as $179 following its initial public offering (IPO), shares have slumped lower to the mid-$60 range. Furthermore, shares of RIVN stock are down more than 35% year-to-date (YTD). While LCID stock is down roughly 7% YTD, Lucid’s superior YTD performance has allowed Lucid to surpass Rivian in terms of market cap.

Rivian sign outside the company's HQ in Silicon ValleySource: Michael Vi / Shutterstock

Both Rivian and Lucid offer investors an opportunity to invest in an early stage EV startup. However, the valuation of these two names is what is holding some investors back. Furthermore, competition from legacy automakers like Ford (NYSE:F) and General Motors (NYSE:GM) is also heating up. On top of that, investors should be aware of the elephant in the room, namely Tesla (NASDAQ:TSLA).

Last quarter, Rivian reported revenue of $1 million on top of a $1.23 billion loss. On the other hand, Lucid reported revenue of $232,000 with a $524.4 million loss. While these two EV makers remain unprofitable, investors should be reminded that it took Tesla 18 years to become profitable. Tesla achieved this accomplishment in 2020 and delivered 500,000 vehicles that year.

What’s Next As Lucid Overtakes Rivian Stock

An investor should also factor potential growth into their investment thesis. Rivian currently has 71,000 reservations for the R1T and R1S models. Meanwhile, Lucid has 17,000 reservations for its Air sedan, representing a book value of $1.3 billion. Lucid has also confirmed its goal of producing 20,000 vehicles in 2022. Furthermore, CEO Peter Rawlinson is “confident in our ability” to achieve the goal.

Rivian has not yet released a 2022 production goal, although the EV maker stated that it expects its 2021 target of 1,200 vehicles produced to fall “a few hundred vehicles short.” Rivian is also working on a new $5 billion EV plant in Georgia. Construction for the plant will start this year, with a finalization date set for 2024. The new plant is expected to be able to produce 400,000 vehicles per year. However, building new plants isn’t cheap, and Rivian is expected to report $8 billion of capital expenditures through 2023.

Both companies are currently spending billions of dollars to power future growth. Investors will want to keep up to date with reservation reports and company updates as these two EV producers try to make a name for themselves.

On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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The post Rivian Stock Alert: RIVN Shares Just Lost Out on Market Cap to LCID Stock appeared first on InvestorPlace.

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Author: Eddie Pan

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Energy & Critical Metals

What Will Be China’s Impact On Uranium Markets? – The Daily Dive

Coming back to the Daily Dive is Joe Kelly, CEO of Uranium Markets. He joins us to talk about the
The post What Will Be China’s Impact On Uranium Markets?…

Coming back to the Daily Dive is Joe Kelly, CEO of Uranium Markets. He joins us to talk about the impact of Kazahkstan on the uranium market (0:54), Japan’s play for the nuclear power (4:41), and the prospect of US giving tax credit to nuclear firms (5:53). Joe also discusses China’s shift from coal to nuclear on the uranium space (7:29), the effect of Belgium shutting its nuclear plants (9:28), and his outlook for uranium in 2022 (10:48).

Uranium Markets has a full-service nuclear fuels brokerage desk assisting its customers to optimize their positions in the uranium market. The firm takes pride in combining its strong financial brokerage experience and a deep understanding of the uranium marketplace.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post What Will Be China’s Impact On Uranium Markets? – The Daily Dive appeared first on the deep dive.


Author: Jay Lutz

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