https://www.theenergyreport.com/ Featuring investment coverage of fossil, renewable and alternative energies. Copyright 2011, Streetwise, Inc. https://www.streetwisereports.com/article/2026/10/20/reconafrica-targets-kilometer-long-horizontal-well-at-namibias-kw1x-discovery.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/20/reconafrica-targets-kilometer-long-horizontal-well-at-namibias-kw1x-discovery.html?utm_medium=feed">Streetwise Reports 10/20/2026</a></b> </p> Reconnaissance Energy Africa Ltd. (RECO:TSXV; RECAF:OTCQX; 0XD:FSE) has begun drilling a horizontal well up to a kilometer long at its KW1X discovery in Namibia, with flow test results due before year-end. Find out why one analyst calls this the key test for the discovery.<center> <h2>Key Investor Takeaways</h2> </center> <ul> <li>ReconAfrica has received all required permits and begun horizontal sidetrack drilling at its KW1X discovery well in Namibia, with flow test results expected before year-end.</li> <li>The sidetrack targets up to 1,000 meters in the upper Huttenberg formation and could cross thousands of natural fractures, with an open-hole completion designed to maximize flow.</li> <li>Flow testing will take place before any acid wash and is meant to establish sustained flow rates, reservoir pressure response, and liquids yield and composition.</li> <li>Vertical testing flowed natural gas and potential liquids to surface from two separate zones. The company said a successful horizontal flow test would support drilling an appraisal well about 4 kilometers away, which, if successful, would lead to reserve bookings and a final investment decision.</li> <li>Research Capital analyst Bill Newman reiterated his Speculative Buy rating and CA$3.80 target price on October 19.</li> <li>Brent crude is trading above US$100 per barrel, and OPEC expects global oil demand to grow by 2.6 million barrels per day in 2027.</li> </ul> <center> <h2><strong>Recon Goes Horizontal at KW1X</strong></h2> </center> <p><a href="https://www.streetwisereports.com/pub/co/10875?utm_medium=feed" target="_blank" rel="noopener">Reconnaissance Energy Africa Ltd. (RECO:TSXV; RECAF:OTCQX; 0XD:FSE)</a> announced it has resumed drilling at its Kavango West 1X (KW1X) well in Namibia, with flow test results expected before year-end, <a href="https://www.reconafrica.com/investors/news-releases/reconafrica-announces-initiation-of-horizontal-drilling-at-kw1x-flow-test-results-expected-prior-to-year-end" target="_blank" rel="noopener">according to an October 19 release</a>. ReconAfrica is working alongside its partners, <strong><span class="for_co_card_11725">BW Energy Ltd. (BWE:OSE; BWEFF:OTCQX)</span></strong><span class="for_co_card_11725">, which has a </span>20% working interest, and the National Petroleum Corporation of Namibia (NAMCOR), which has a 10% carried working interest.</p> <p>The partnership has received all the permits it needs to resume horizontal drilling and flow testing, including the Environmental Clearance Certificate and an amendment to the horizontal drilling permit, the company said. With those final approvals in hand, the whipstock has been set, and sidetrack drilling has begun.</p> <center> <h2><strong>A Kilometer Through the Fractures</strong></h2> </center> <p>Production casing was removed down to a vertical depth of 2,289 meters, where the open-hole whipstock was set, according to the release. The sidetrack is expected to take about one month to drill and is designed to reach a horizontal wellbore of up to 1,000 meters in the upper zone of the Huttenberg formation. The goal is to intersect the natural fractures across the Kavango structure, and the company said the horizontal section could cross thousands of vertical or near-vertical fractures.</p> <p>The well will be completed with an open hole, without casing or cement, to maximize flow from the natural fracture system. Flow testing will begin right after completion, once the wellbore has been swabbed to clear drilling mud and cuttings, but before any acid wash, ReconAfrica said. The test is meant to establish sustained flow rates, reservoir pressure response, and the yield and composition of liquids in the production stream, and more fluid and gas samples will be sent for lab analysis. Testing could take up to a month.</p> <center> <h2><strong>Gas Flowed, Now for the Rate</strong></h2> </center> <p>The horizontal program follows vertical production testing at KW1X, where zone testing began on June 8. <a href="https://www.reconafrica.com/investors/news-releases/reconafrica-announces-hydrocarbon-flow-from-the-elandshoek-formation-at-kavango-west-1x-proceeding-to-test-the-huttenberg-formation-with-net-pay-identified" target="_blank" rel="noopener">In July, the company reported</a> that the uppermost of three zones tested in the Elandshoek formation flowed hydrocarbons to surface, before it moved up hole to test three zones in the shallower Huttenberg. Those three zones covered 182 meters of reservoir section, including 76 net meters of hydrocarbon pay identified on well logs.</p> <p><a href="https://www.reconafrica.com/investors/news-releases/reconafrica-announces-hydrocarbon-flow-to-surface-from-the-huttenberg-formation-at-kavango-west-1x-program-to-continue-with-open-hole-horizontal-testing" target="_blank" rel="noopener">In August, ReconAfrica said</a> natural gas and potential liquids had flowed to surface from two separate zones at KW1X, completing vertical testing. The company described those results as preliminary. It said a successful horizontal flow test would support drilling an appraisal well about 4 kilometers away, and that a successful appraisal well would lead to reserve bookings and a final investment decision on its emerging Damara Fold Belt play.</p> <p><a href="https://www.reconafrica.com/investors/news-releases/reconafrica-announces-hydrocarbon-flow-to-surface-from-the-huttenberg-formation-at-kavango-west-1x-program-to-continue-with-open-hole-horizontal-testing" target="_blank" rel="noopener">In August, ReconAfrica said</a> natural gas and potential liquids had flowed to surface from two separate zones at KW1X, completing vertical testing. The company described those results as preliminary and said confirming them with a horizontal flow-rate test would ultimately support resource and reserve bookings and a final investment decision on its emerging Damara Fold Belt play.</p> <p>ReconAfrica operates Petroleum Exploration Licence 73 (PEL 73) with a 70% working interest. It <a href="https://reconafrica.com/investors/news-releases/reconafrica-completes-strategic-farm-down-with-bw-energy" target="_blank" rel="noopener">completed its farm-down to BW Energy</a> in January 2025, under a deal ReconAfrica valued at up to US$141 million in total potential consideration, including a US$16 million equity investment and US$45 million in carry payments tied to a final investment decision.</p> <p>ReconAfrica holds petroleum licenses and access to about 13 million contiguous acres in northeastern Namibia, southeastern Angola, and northwestern Botswana. It also operates the Ngulu block in shallow waters offshore central Gabon, which covers 1,214 square kilometers and includes the Loba oil field discovery.</p> <center> <h2><strong>Analyst: Flow Rate Is the Big Test</strong></h2> </center> <p>Research Capital Corp. analyst Bill Newman reiterated his Speculative Buy rating and CA$3.80 target price on ReconAfrica in an October 19 note, implying a 578.6% return from the CA$0.56 share price at the time.</p> <p>Newman said the company "has now cleared the remaining regulatory hurdles and commenced the critical horizontal drilling program at KW1X."</p> <blockquote class="callOut left"> Research Capital Corp. analyst Bill Newman reiterated his Speculative Buy rating and CA$3.80 target price.</blockquote> <p>Earlier vertical tests showed natural hydrocarbon flow from the Huttenberg and Elandshoek formations, but did not establish commercial production rates, he noted, and the horizontal well should intersect substantially more natural fractures.</p> <p>"A sustained commercial flow rate, particularly with meaningful liquids content, would materially de-risk the discovery and support follow-up appraisal drilling at KW2A," he wrote. "However, the key uncertainty remains whether the naturally fractured carbonate reservoir can sustain commercial production rates."</p> <p>Newman's target reflects his risk valuation of Kavango West in Namibia and the Loba oil field in Gabon. Beyond the KW1X flow test, he expects a Gabon 3D seismic reprocessing and resource report by year-end and a possible Angola 2D seismic program in 2027.</p> <center> <h2><strong>Oil Holds Above $100</strong></h2> </center> <p>ReconAfrica's horizontal test comes with oil above US$100 per barrel. <a href="https://tradingeconomics.com/commodity/brent-crude-oil" target="_blank" rel="noopener">Brent crude traded</a> around US$108 on October 19 after climbing near US$110 last week, as Iranian attacks on tankers cut average daily oil flows through the Strait of Hormuz to 11.62 million barrels in the week to October 13, from a baseline of 17.15 million, according to Kpler shipping data. A year ago, <a href="https://fortune.com/article/price-of-oil-10-15-2026/" target="_blank" rel="noopener">Brent traded near US$62.71</a>.</p> <p>In its October report, OPEC raised its 2027 demand growth forecast to 2.6 million barrels per day from 2.4 million, citing the need to rebuild inventories drawn down during the Iran war. That would lift <a href="https://oilprice.com/Latest-Energy-News/World-News/OPEC-Sees-Oil-Demand-Growth-Surging-to-26-Million-Bpd-in-2027.amp.html" target="_blank" rel="noopener">world demand</a> from 105.7 million barrels per day this year to 108.3 million in 2027, with supply growth outside OPEC+ of just 600,000 barrels per day.</p> <p>In Namibia's offshore Orange Basin, 18 exploration wells over the past four years have yielded 14 discoveries, according to <a href="https://www.we.com.na/mw-b7-main/namibia-eyes-400000-bpd-output-by-the-2030s-NMH011917-4018-14429" target="_blank" rel="noopener">Wood Mackenzie</a>, which projects that the Venus, Mopane, and Capricornus discoveries could lift the country's liquids output above 400,000 barrels per day in the 2030s. That would make Namibia sub-Saharan Africa's third-largest oil producer after Nigeria and Angola. [OWNERSHIP_CHART-10875]</p> <center> <h2><strong>Ownership and Share Structure¹</strong></h2> </center> <div> <div aria-label="Chat messages" aria-describedby="_r_1b7_"> <div aria-setsize="42" aria-posinset="42" aria-label="Message 42 of 42"> <p>About 0.76% of the company is owned by insiders and management, including President and CEO Brian Reinsborough, with 0.29%. About 6.2% is held by BW Energy Ltd. That stake is BW Energy&rsquo;s shareholding in ReconAfrica itself and is separate from its 20% working interest in PEL 73, which is a direct share of that license&rsquo;s costs and any future production. The rest is held by institutional and retail investors.</p> </div> </div> </div> <p>ReconAfrica's market cap is CA$232.94 million with 415.96 million shares outstanding. It trades in a 52-week range of CA$0.42 and CA$1.35.</p> <center> <h2>Common Questions from Investors</h2> </center> <p><strong>What did ReconAfrica announce on October 19, 2026?</strong></p> <p>The company has received all required permits, including the Environmental Clearance Certificate and an amendment to the horizontal drilling permit, and has begun sidetrack drilling at KW1X. Drilling should take about one month, followed by up to a month of flow testing.</p> <p><strong>What is the horizontal well designed to do?</strong></p> <p>It targets a horizontal section of up to 1,000 meters in the upper Huttenberg formation to intersect natural fractures across the Kavango structure. The well will be completed with an open hole, without casing or cement, to maximize flow from the fracture system.</p> <p><strong>What did earlier testing at KW1X show?</strong></p> <p>Zone testing, which began in June 2026, flowed natural gas and potential liquids to surface from two separate zones. The company described the results as preliminary.</p> <p><strong>Who are ReconAfrica's partners on the project?</strong></p> <p>ReconAfrica operates PEL 73 with a 70% working interest. BW Energy holds 20%, and NAMCOR holds a 10% carried working interest.</p> <p><strong>What is the current analyst view on RECO?</strong></p> <p>Research Capital analyst Bill Newman reiterated a Speculative Buy rating and CA$3.80 target price on October 19, saying a sustained commercial flow rate with meaningful liquids would materially de-risk the discovery.</p> <p><strong>When are flow test results expected?</strong></p> <p>The company expects to disclose results before year-end.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>Reconnaissance Energy Africa Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Reconnaissance Energy Africa Ltd.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32828"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32828" width="0" height="0"> <p>( Companies Mentioned: BWE:OSE; BWEFF:OTCQX, RECO:TSXV;RECAF:OTCQX;0XD:FSE, )</p> Tue, 20 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/19/clinch-resources-ramps-west-virginia-met-coal-output-as-policies-favor-domestic-supply.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/19/clinch-resources-ramps-west-virginia-met-coal-output-as-policies-favor-domestic-supply.html?utm_medium=feed">Streetwise Reports 10/20/2026</a></b> </p> Clinch Resources Ltd. (CLCH:TSX) targets 80,000+ monthly clean tons by year-end 2026 as U.S. critical minerals policy and permitting reforms support domestic met coal producers.<p><span><a href="https://www.streetwisereports.com/pub/co/11598?utm_medium=feed" target="_blank" rel="noopener">Clinch Resources Ltd. (CLCH:TSX)</a>, </span>a metallurgical (met) coal producer operating in West Virginia, is expanding production at its ARI project amid federal efforts to support domestic coal production and strengthen critical mineral supply chains. Recent U.S. policy developments, including a production tax credit for eligible metallurgical coal and proposed changes to coal trade with China, could affect the operating environment for domestic producers.</p> <p>Clinch is targeting more than 80,000 clean tons of production per month at its Lanes Branch property, part of the ARI project, according to its <a href="https://clinchresources.com/clinch-resources-ltd-announces-first-production-train-sold-from-lanes-branch-property-first-vessel-to-be-shipped-in-early-september/" target="_blank" rel="noopener">July 2026 production update</a>. </p> <h2><span>Key Investor Takeaways</span></h2> <ul> <li>Clinch Resources is targeting more than 80,000 clean tons of metallurgical coal production per month at its Lanes Branch property, with additional growth planned across its West Virginia operations.</li> <li>The company aims to exceed two million tons of annual production in 2027 across its approximately 54,000-acre ARI project footprint, which hosts an estimated 111 million tons of measured and indicated metallurgical coal resources.</li> <li>The federal Section 45X production tax credit could provide an additional financial benefit for eligible U.S. metallurgical coal production from 2026 through 2029, subject to statutory requirements.</li> <li>The addition of metallurgical coal to the U.S. Geological Survey's 2025 List of Critical Minerals, along with proposed trade changes and federal permitting reforms, provides a supportive policy backdrop.</li> <li>Clinch also has exposure to additional West Virginia production through its 38.8% indirect interest in JJ Resources.</li> </ul> <h2><span>Latest News and Production Ramp</span></h2> <p><span>Clinch advanced its Lanes Branch property toward commercial production in 2026, announcing </span><a href="https://clinchresources.com/clinch-resources-ltd-commences-mining-operations-at-lanes-branch-met-coal-mine/" target="_blank" rel="noopener"><span>the commencement of mining operations</span></a><span> in April and </span><a href="https://clinchresources.com/clinch-resources-ltd-announces-first-coal-production-from-lanes-branch-property/" target="_blank" rel="noopener"><span>first coal production</span></a><span> in May. In July, the company </span><a href="https://www.streetwisereports.com/article/2026/07/23/clinch-sells-first-11-000-ton-met-coal-train-load.html?utm_medium=feed" target="_blank" rel="noopener"><span>sold its first commercial train</span></a><span>, comprising approximately 11,000 tons of product. Clinch is now adding equipment as it targets more than 2 million tons of annual production in 2027. </span></p> <p><span>The company's ARI project covers approximately 54,000 acres in southern West Virginia and contains an estimated 111 million tons of measured and indicated metallurgical coal resources. Clinch also holds a 38.8% indirect interest in JJ Resources, which covers approximately </span><a href="https://mining.com.au/clinch-marks-place-on-tsx/" target="_blank" rel="noopener"><span>24,000 acres</span></a><span>. </span></p> <h2>Federal Policy Creates Potential Tailwinds for Met Coal Producers</h2> <p>The current administration's policies have created several potential sources of support for U.S. metallurgical coal producers. In November 2025, the U.S. Geological Survey (USGS) added metallurgical coal to its <a href="https://www.usgs.gov/programs/mineral-resources-program/science/about-2025-list-critical-minerals" target="_blank" rel="noopener">2025 List of Critical Minerals</a>, citing its role in steel production and the importance of domestic supply. Met coal is processed into coke, a key input in conventional blast-furnace steelmaking. The listing recognizes the commodity's strategic importance.</p> <p>A potential financial benefit came from the <a href="https://www.hunton.com/the-nickel-report/navigating-the-one-big-beautiful-bill-act-metallurgical-coal-added-as-critical-mineral-for-section-45x-tax-credits-while-phasing-out-credits-for-other-applicable-critical-minerals" target="_blank" rel="noopener">One Big Beautiful Bill Act</a>, signed July 4, 2025. The legislation made metallurgical coal eligible for the federal <a href="https://www.congress.gov/crs-product/IF12809" target="_blank" rel="noopener">Section 45X advanced manufacturing production tax credit</a>, which provides a credit equal to 2.5% of eligible production costs for met coal produced from 2026 through 2029. The credit applies subject to the law's eligibility requirements, including rules governing sales to unrelated parties. For U.S. producers, the credit could help offset some production costs during the credit's limited availability. </p> <p>Trade policy could also influence the market. In late September 2026, the U.S. and China announced <a href="https://www.spglobal.com/energy/en/news-research/latest-news/metals/092826-china-confirms-tariff-reduction-framework-for-us-coal-imports" target="_blank" rel="noopener">a potential framework</a> to reduce tariffs on certain goods, including U.S. coal, with the White House stating that China would import at least 10 million metric tons of U.S. coal in both 2027 and 2028. The framework remained subject to the countries' domestic legal procedures before implementation. Although the proposed arrangement included coking coal, the extent to which it would improve export economics for individual producers remained uncertain. If implemented, lower tariffs could support U.S. coal exports to China and affect trade flows in other markets. <a href="https://www.spglobal.com/energy/en/news-research/latest-news/metals/092826-china-confirms-tariff-reduction-framework-for-us-coal-imports" target="_blank" rel="noopener">According to S&amp;P Global</a>, metallurgical coal made up 96% of the coal exported from the U.S. to China over the past decade. </p> <p>Taken together, these factors create a potentially supportive policy backdrop for domestic met coal producers.</p> <h2><span>Analyst and Media Coverage Highlights Potential Upside</span></h2> <p>On September 28, 2026, <a href="https://www.b-tv.com/post/clinch-resources-how-is-a-u-s-metallurgical-coal-producer-scaling-for-steel-demand-btv-ftr" target="_blank" rel="noopener">BTV &ndash; Business Television</a> published <em>Clinch Resources: How Is a U.S. Metallurgical Coal Producer Scaling for Steel Demand?</em>, which examined the company's production expansion plans and mine-to-market strategy, including its Aster Resources marketing arm. The coverage also discussed Clinch's longer-term goal of potential annual output of approximately 2.4 million tons.</p> <p>In a September 22, 2026, <a href="https://www.investing.com/news/transcripts/clinch-resources-at-water-tower-research-virtual-insights-conference-ramping-up-93CH-4911390" target="_blank" rel="noopener">Water Tower Research Virtual Insights Conference transcript</a>, Clinch CFO Brett Young and EVP of Investor Relations and Capital Markets Bobby Gaylor discussed the planned ramp-up at Lanes Branch and additional production from Mine 8 and Mine 3. Management also described its expectation that existing infrastructure and the absence of legacy liabilities could support competitive production costs as operations expanded.</p> <p>In a July 21, 2026, <a href="https://redchip.com/assets/clch_research_reports.html" target="_blank" rel="noopener">initiation of coverage</a>, Water Tower Research analyst Peter Gastreich identified several potential competitive advantages for Clinch, including existing infrastructure, the absence of legacy liabilities, the potential for a lower-quartile cost position, and development potential in the Sewell seam. He also highlighted the company's specialty carbon marketing platform.</p> <p>Gastreich identified potential upside factors, including a recovery in metallurgical coal prices, a stronger specialty product mix and higher realized prices, evaluation of the Fire Creek seam, potential federal critical-minerals funding, and the Aster Resources commercial platform. It is important to note that these were potential catalysts, not guaranteed outcomes.</p> <h2><span>Catalysts Include Production Ramping</span></h2> <p>Clinch's near-term milestones center on increasing output at Lanes Branch, advancing additional mine capacity, and translating higher production into improved financial performance.</p> <p>Investors may monitor progress toward the company's monthly production targets, equipment deployment, and the planned contribution from Mine 8 and Mine 3. Achieving the targeted production run rate would depend on mine development, equipment availability, operating costs, transportation capacity, and metallurgical coal prices.<span>[OWNERSHIP_CHART-11598]</span></p> <h2>Ownership &amp; Share Information¹</h2> <p>Clinch Resources Ltd. has a market cap of CA$384.21 million, with 357.08 million shares outstanding. The company's 52-week range is CA$0.93-CA$2.75.</p> <p>Management &amp; Insiders own 11% of shares, while the remaining 89% of shares are held by Retail.</p> <h2>Frequently Asked Questions</h2> <p><strong>How might Trump's policies affect Clinch Resources?</strong></p> <p>NEPA reforms and executive orders prioritize faster domestic mining approvals and critical minerals development, potentially supporting Clinch's West Virginia operations and U.S. steel supply focus.</p> <p><strong>What is the current production status?</strong></p> <p>Clinch has begun commercial shipments from Lanes Branch and is adding capacity to target over 80,000 clean tons per month by the end of the year.</p> <p><strong>What is the ownership structure?</strong></p> <p>Management &amp; Insiders own 11% of shares, while the remaining 89% of shares are held by Retail. </p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li><span data-olk-copy-source="MessageBody">Clinch Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</span> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Clinch Resources Ltd. </li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32822"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32822" width="0" height="0"> <p>( Companies Mentioned: CLCH:TSX, )</p> Tue, 20 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/16/energy-fuels-races-to-fortify-us-rare-earth-supply-as-fortress-america-takes-shape.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/16/energy-fuels-races-to-fortify-us-rare-earth-supply-as-fortress-america-takes-shape.html?utm_medium=feed">Streetwise Reports 10/15/2026</a></b> </p> Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) is expanding its mine-to-magnet rare earth business as the Department of War's new FORTRESS America program puts supply chains in focus. Find out why one newsletter editor sees long-term value but is urging caution for now.<h2>Key Investor Takeaways</h2> <ul> <li>Terbium oxide from Energy Fuels' White Mesa Mill in Utah has been qualified by a major Japanese permanent magnet manufacturer, adding to earlier qualifications of its NdPr and dysprosium oxides.</li> <li>The Department of War's FORTRESS America program, established Sept. 30, names supply-chain and defense-industrial base resilience as one of its five pillars, though it does not name specific materials, companies, or funding.</li> <li>On Oct. 13, Energy Fuels amended its roughly US$1.9 billion deal for German magnet maker VAC to add a purchase price adjustment tied to a customer dispute at VAC's South Carolina plant. The deal is expected to close in early 2027.</li> <li>The completed ASM acquisition added a South Korean alloy plant being expanded to 3,600 tonnes a year, while a US$104 million White Mesa expansion targets terbium and dysprosium commissioning in Q4 2027.</li> <li>Energy Fuels reported about US$996 million in working capital as of June 30, giving it room to fund acquisitions and expansions.</li> <li>Newsletter editor Chris Temple called Energy Fuels a "solid long-term" company but expects near-term share price weakness.</li> <li>Long-term uranium contract prices hit a record US$96 a pound in August, driven in part by rising power demand from AI data centers.</li> </ul> <h2><strong>Energy Fuels Lines Up as FORTRESS America Targets Supply Chains</strong></h2> <p><strong><span class="for_co_card_636">Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN) </span></strong>is among the U.S. companies working to secure the critical materials the military depends on, as the Department of War launches its new FORTRESS America program, according to a release published by the<em> <a href="https://investingnews.com/new-fortress-america-program-elevates-defense-supply-chain-resilience/" target="_blank" rel="noopener">Investing News Network</a></em>.</p> <p>The release noted that terbium oxide produced at Energy Fuels' White Mesa Mill in Utah has been qualified by a major Japanese permanent magnet manufacturer, adding to earlier qualifications of its neodymium-praseodymium (NdPr) and dysprosium oxides.</p> <h2>Washington Builds a Fortress Around Its Supply Chain</h2> <p>The September 30 memorandum establishes FORTRESS America as a Department of War program built around five pillars: energy independence; supply-chain and defense-industrial base resilience; a strategic defense reserve; installation hardening and cyber resilience; and resilience in space and spectrum. The document directs the Under Secretary of War for Acquisition and Sustainment to stand up a Program Office within 30 days. It does not name specific materials, companies, or funding.</p> <p>Energy Fuels is one of several companies building domestic rare earth capacity. <strong>MP Materials Corp. (MP:NYSE)</strong> is developing a magnet campus in Northlake, Texas, with about 10,000 tonnes of annual NdFeB magnet capacity and commissioning set for 2028. <strong>USA Rare Earth Inc. (USAR:NASDAQ)</strong> completed its combination with Brazil's Serra Verde on September 3 and broke ground on a magnet plant in South Carolina on September 9.</p> <h2><strong>Energy Fuels Adds a Safety Net to Its US$1.9 Billion Magnet Deal</strong></h2> <p>Energy Fuels is also reworking the terms of its largest deal. On October 13, the company and German magnet maker Vacuumschmelze (VAC) signed a first amendment to their merger agreement. According to Energy Fuels' <a href="https://www.stocktitan.net/sec-filings/UUUU/8-k-energy-fuels-inc-reports-material-event-a236cc88543b.html" target="_blank" rel="noopener">Form 8-K filing</a>, it addresses "the potential settlement of such dispute, repayment of certain indebtedness and potential purchase price adjustments."</p> <p>The dispute involves e-VAC Magnetics LLC, VAC's U.S. affiliate, and a customer under a commercial supply agreement. VAC's plant in Sumter, South Carolina, was built to support that offtake agreement, and the filing said the plant "currently has available production capacity to support the existing offtake agreement in full."</p> <p>Energy Fuels' purchase price estimate assumes a reasonable settlement amount. If the dispute is resolved for less than that, "the difference will be compensated for via this price adjustment," the filing said. If the outcome is better, "the difference will accrue to VAC," which Energy Fuels will own after closing. The same filing showed VAC's revenue for the first half of 2026 at &euro;211.5 million, up 34.8% from &euro;156.9 million a year earlier.</p> <p>Energy Fuels <a href="https://pulse2.com/energy-fuels-to-acquire-vac-for-1-9-billion/" target="_blank" rel="noopener">announced the VAC deal on June 23</a>. Based on Energy Fuels' share price at the time, it is worth about US$1.9 billion in equity: US$718 million in cash plus 65.853 million new Energy Fuels shares. Energy Fuels will also assume about US$140 million of VAC's adjusted net debt.</p> <p>VAC is headquartered in Hanau, Germany, has more than 100 years of production experience, holds more than 400 patents, and serves more than 1,000 customers. Its Sumter plant has a capacity for 2,000 tonnes of permanent magnets a year, with a pathway to 12,000 tonnes. The deal is expected to close in early 2027, subject to regulatory approvals. The Department of War's Office of Strategic Capital has made a conditional <a href="https://kalkinemedia.com/us/news/announcements/energy-fuels-progresses-australian-strategic-minerals-acquisition-with-supplemental-filings-and-725m-department-of-war-financing" target="_blank" rel="noopener">US$725 million financing commitment</a> to support the planned acquisition.</p> <p>"This is a transformational moment for Energy Fuels and the global rare earth supply chain," President and CEO Ross Bhappu said when the deal was announced.</p> <h2>Energy Fuels Tackles the Heavy Rare Earth Bottleneck</h2> <p>On August 28, Energy Fuels <a href="https://pulse2.com/energy-fuels-completes-australian-strategic-materials-acquisition-as-ndfeb-alloy-capacity-targets-3600-tonnes-annually/" target="_blank" rel="noopener">completed its acquisition of Australian Strategic Materials</a> (ASM). The deal added the Korean Metals Plant in Ochang, South Korea, which can make about 1,300 tonnes a year of NdFeB alloy and is being expanded to 3,600 tonnes, with commissioning possible as early as the end of 2026. It also brought in the Dubbo critical minerals project in Australia.</p> <p>On July 29, the company <a href="https://www.kitco.com/news/off-the-wire/2026-07-30/energy-fuels-kicks-utah-rare-earth-expansion-boost-us-magnet-supply" target="_blank" rel="noopener">began construction on a US$104 million heavy rare earth expansion</a> at White Mesa. The expansion is designed to produce up to about 20 tonnes of terbium oxide and 120 tonnes of dysprosium oxide a year, along with samarium, europium, and gadolinium oxides.</p> <blockquote class="callOut left">Chris Temple, editor and publisher of <em>The National Investor,</em> first recommended the stock at around US$1.50 per share and now rates it a Hold "due to my macro worries."</blockquote> <p>The terbium and dysprosium circuits are expected to be commissioned in Q4 2027. The mill can already produce up to 1,000 tonnes of NdPr oxide a year.</p> <p>"Heavy rare earth production is a severe pinch point in North American and European permanent magnet supply chains," Bhappu said.</p> <p>To feed White Mesa, Energy Fuels holds a 12.7% interest in the Donald Project in Australia, with an option to increase that to 49%. Donald is expected to supply 8,500 to 9,500 tonnes of monazite a year from 2028, subject to a final investment decision. The company is also developing its wholly owned Vara Mada project in Madagascar and the Bahia project in Brazil.</p> <p>A planned Phase 2 expansion would let White Mesa process 60,000 tonnes of monazite a year by 2029, raising capacity to 6,294 tonnes of NdPr oxide, 288 tonnes of dysprosium oxide, and 80 tonnes of terbium oxide a year.</p> <p>In its <a href="https://www.cruxinvestor.com/posts/energy-fuels-reports-second-quarter-of-2026-results-advances-western-mine-to-magnet-platform" target="_blank" rel="noopener">second quarter results</a>, Energy Fuels reported working capital of about US$996 million as of June 30. That included US$58.4 million in cash and US$878.3 million in marketable securities. It posted a net loss of US$33.6 million, which it attributed mainly to transaction costs and higher operating expenses. The company produced 865,000 pounds of finished uranium oxide in the quarter at a weighted-average cost of US$23 a pound and sold 310,000 pounds.</p> <h2><strong>Newsletter Editor Sees Long-Term Value, Near-Term Pain</strong></h2> <p>Chris Temple, editor and publisher of <em>The National Investor</em>, first recommended the stock at around US$1.50 per share and now rates it a Hold "due to my macro worries."</p> <p>Temple said rare earth and uranium stocks have joined "the bloodletting of recent months," partly on doubts about "how fast they will realistically be profiting from real/imagined new data centers."</p> <p>Even so, he wrote, "Chronic supply shortages will get worse going forward," because the commitments needed to bring on new supply "STILL ARE NOT THERE IN SUFFICIENT MEASURE."</p> <p>He advised subscribers holding about 1% of their portfolio in Energy Fuels to "do nothing." "If you have 3-4% or more, especially, though, lighten up," he wrote.</p> <h2><strong>Other Newsletter Writers See Opportunity in the Selloff</strong></h2> <p>Shad Marquitz of <em>Excelsior Prosperity</em> called Energy Fuels "a very unique hybrid company" in an <a href="https://excelsiorprosperity.substack.com/p/critical-minerals-carnage-creates" target="_blank" rel="noopener">October 12 post</a>, noting it mines, produces, and processes both uranium and rare earths. "There really isn't another company positioned quite like Energy Fuels; in the rare earths, critical minerals, and uranium production and processing space," wrote Marquitz, who lists the stock among his key portfolio positions.</p> <p>Marquitz said the stock's slide since May, to a weekly close of US$9.96, is at odds with the company's improving fundamentals, and that the market "has been totally asleep" to the VAC and ASM acquisitions. The selloff "is a true market disconnect; one that can be exploited by savvy investors that are paying attention," he wrote.</p> <p>Chen Lin, who writes <em>What Is Chen Buying? What Is Chen Selling?</em>, did just that. "UUUU dropped below 10! I used the opportunity to add more here," Lin wrote on Oct. 12. "If you want to play safe, you can sell some upside calls as we did before." He added that the company is "aiming at 1 billion in cash flow by 2030."</p> <p>Gary Tanashian of <em>Notes from the Rabbit Hole</em> was more cautious <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed" target="_blank" rel="noopener">in an October 15 post</a>. He called Energy Fuels a "Uranium/REE combo" that produces uranium and vanadium and processes rare earths at operations in Colorado, Utah, Wyoming, and Arizona.</p> <p>"I like the 'combo' aspect and the fact that UUUU is taking growth initiatives," Tanashian wrote. He noted the stock was trading at US$9.27, down about 67% from its 2026 high of US$27.90, adding, "But at this time I am just watching and waiting."</p> <h2><strong>Uranium Contract Prices Hit Records as Power Demand Climbs</strong></h2> <p>Long-term uranium contract prices reached a record US$96 a pound in August, topping the previous cycle high from nearly two decades ago, according to<strong> </strong>Sprott Asset Management's Jacob White, the <a href="https://investingnews.com/uranium-forecast/" target="_blank" rel="noopener"><em>Investing News Network</em></a> reported. Spot uranium ended the third quarter at US$89.50, up 4.17%.</p> <p>AI is a big driver. The International Energy Agency projected that data center power use will <a href="https://www.spglobal.com/energy/en/news-research/latest-news/electric-power/041025-global-data-center-power-demand-to-double-by-2030-on-ai-surge-iea" target="_blank" rel="noopener">more than double to about 945 terawatt-hours by 2030</a>. Tech companies want steady, carbon-free supply: <strong>Alphabet Inc. Class A's (GOOGL:NASDAQ) </strong>Google signed a 20-year power deal with <strong>Constellation Energy Corp. (CEG:NASDAQ)</strong> tied to a US$4.3 billion upgrade of 11 nuclear units.</p> <p>The World Nuclear Association expects reactor demand for uranium to <a href="https://www.miningweekly.com/article/uranium-demand-set-to-surge-28-by-2030-as-nuclear-power-gains-momentum-wna-says-2025-09-05" target="_blank" rel="noopener">rise 28% by 2030 and more than double by 2040</a>, warning that "shortfalls could occur after 2030." New uranium projects typically take 15 to 20 years to develop, according to the 2026 Red Book.</p> <p>Policy adds pressure. A U.S. ban on Russian uranium, which supplied about 26% of U.S. needs in 2025, takes full effect Jan. 1, 2028, leaving domestic producers such as Energy Fuels well positioned.[OWNERSHIP_CHART-636]</p> <h2><strong>Ownership and Share Structure¹</strong></h2> <p>About 1.29% of the company is owned by insiders and management, and about 75.67% by institutions. The rest is retail.</p> <p>Its market cap is US$2.98 billion with 264.73 million shares outstanding. It trades in a 52-week range of US$7.81 and US$27.90.</p> <h2><strong>Common Questions from Investors</strong></h2> <p><strong>What is the FORTRESS America program, and how does it relate to rare earths?</strong></p> <p><strong> </strong>The September 30, 2026, memorandum created FORTRESS America as a Department of War program built around five pillars, including supply-chain and defense-industrial base resilience. It does not name specific materials, companies, or funding, but it puts a spotlight on domestic sources of critical materials such as rare earths.</p> <p><strong>Why did Energy Fuels amend its VAC acquisition?</strong></p> <p><strong> </strong>The Oct. 13 amendment addresses a dispute between VAC's U.S. affiliate and a customer under a supply agreement for its Sumter, South Carolina, plant. If the dispute settles for less than Energy Fuels assumed, the purchase price will be adjusted to compensate; if the outcome is better, the gain accrues to VAC.</p> <p><strong>How does Energy Fuels compare to peers like MP Materials? </strong></p> <p>Energy Fuels is building an integrated chain, from oxide separation at White Mesa to alloy production in South Korea and, once the VAC deal closes, magnet manufacturing. MP Materials is developing a Texas magnet campus with about 10,000 tonnes of annual capacity, set for commissioning in 2028.</p> <p><strong>What recent milestones has Energy Fuels achieved in rare earths? </strong></p> <p>The company began construction on a US$104 million heavy rare earth expansion at White Mesa on July 29, completed the ASM acquisition on Aug. 28, and reported qualification of its terbium oxide by a Japanese magnet maker on Aug. 19.</p> <p><strong>What does Chris Temple think of Energy Fuels? </strong></p> <p>Temple rates the stock a Hold, calling it a solid long-term company but warning that share prices may weaken further. He advised subscribers holding 3% to 4% or more of their portfolio in the stock to lighten up.</p> <p><strong>What is driving demand for uranium? </strong></p> <p>Rising electricity demand from AI data centers, tech companies' power deals with nuclear operators, and a U.S. ban on Russian uranium that takes full effect in 2028. The World Nuclear Association expects reactor demand to rise 28% by 2030.</p> <p><strong>What are the next catalysts for Energy Fuels?</strong></p> <p><strong> </strong>Key items include the Donald Project's final investment decision, closing of the VAC acquisition in early 2027, possible commissioning of the expanded Korean Metals Plant by the end of 2026, and terbium and dysprosium commissioning at White Mesa in Q4 2027.</p> <p><span><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></span></p><p>Important Disclosures:</p><ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Alphabet Inc. Class A.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32814"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32814" width="0" height="0"> <p>( Companies Mentioned: EFR:TSX; UUUU:NYSEAMERICAN, )</p> Thu, 15 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/15/thoughts-on-the-2026-tax-loss-season.html?utm_medium=feed">Gary Tanashian 10/15/2026</a></b> </p> Gary Tanashian of Notes from the Rabbit Hole shares his thoughts as we get closer to tax-loss selling season.<p>This year, many stock sectors rallied consistently or, at worst, went sideways. These are not tax-loss selling candidates. But there is one area that stands out from the pack, where tax-loss selling and future opportunity are concerned. That is the area of strategic/critical minerals, which were so well pumped by geopolitical dynamics in 2025 and kicked to the curb in 2026.</p> <p>That was the inevitable fallout of too much speculative interest chasing exciting stories. Valid stories over the long run, in my opinion, but stories nonetheless. Stories tend to unwind painfully in the stock market.</p> <p>As a side note, I anticipate we'll see similar fallout in 2027 from this year's AI/Semiconductor stories. Again, it's a situation that is more than valid on the big picture, but it's a matter of momentum and distortion. That is what tends to get unwound.</p> <p>While there are plenty of tax-loss buy opportunities in the precious metals, broader commodities, and a few discrete stock market sectors, I'd like to focus on the Critical Minerals/Materials space, because that is where the hype was most noticeable in 2025 and the downtrends are most noticeable in 2026.</p> <p>The areas we'll focus on as strategic and/or specialty materials are Rare Earth Elements, Lithium/Battery Materials, and, to a degree, Uranium. There are others, but these three are a focus, personally.</p> <p>I'll pick two junior-level items from each category. For example, in REE, the more mainstream and developed likes of <strong><span class="for_co_card_10444">MP Materials Corp. (MP:NYSE)</span></strong> and <strong>Lynas Rare Earths (LYSDY:OTCMKTS) </strong>are not included, even though they may well also provide a tax-loss opportunity. It's in the smaller, more speculative group that the bigger upside explosions and downside fallouts have occurred.</p> <h2><strong>REE</strong></h2> <p>Let's start with the owner of the prospective Tanbreez Rare Earth property in southern Greenland, <strong>Critical Metals Corp. (CRML:NASDAQ)</strong>.</p> <p>It has a more intact chart than the second, more speculative item in this category because it has garnered attention from the U.S. government and is making <a href="https://www.criticalmetalscorp.com/critical-metals-corp-nasdaq-crml-secures-10-year-tanbreez-off-take-agreement-with-department-of-defense-funded-rare-earth-processor-ucore-rare-metals/" target="_blank" rel="noopener">significant inroads</a> in its development and future business as an operating mine.</p> <p>CRML is one I view positively from both fundamental and tax-loss seasonal perspectives.</p> <p>I do not currently own it, but am about 'this' close and may own it before this article is published.</p> <p><strong>2026 high: US$32.15, current price: US$6.54</strong></p> <p><img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562152_crml_2026-10-14_09-07-07.png" alt="" width="1000" height="826" /></p> <p>The more speculative REE is <strong>The Metals Co. (TMC:NASDAQ)</strong>.</p> <p>Talk about speculative! TMC plans to extract REE from the ocean floor.</p> <p>There are many more hurdles in its way than the above. But risk/reward players and/or strict tax-loss traders may take note.</p> <p>I do not own TMC and have no imminent plans to own it (although tax-loss selling/buying season is an extended process).</p> <p><strong>2026 high: US$11.35, current price: US$2.82</strong></p> <p><img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562214_tmc_2026-10-14_09-18-44.png" alt="" width="1000" height="826" /></p> <h2><strong>Lithium</strong></h2> <p><strong>Standard Lithium Ltd. (SLI:TSX.V; SLI:NYSEAMERICAN) </strong>owns portions of the Smackover resource in Texas and Arkansas. Like CRML above, I consider SLI further along the development curve.</p> <p>In my opinion, its primary headwind has been the entire Lithium sector's fall from grace (and hype).</p> <p>I do not own SLI, and have no immediate plan to buy it. Again, tax-loss season is a process.</p> <p><strong>2026 high: US$6.40, current price: US$1.43</strong></p> <p><img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562313_sli_2026-10-14_09-09-08.jpg" alt="" width="1000" height="826" /></p> <p><strong>Lithium Americas Corp. (LAC:TSX; LAC:NYSE)</strong> is one that garnered much hype in 2025 as the U.S. government got involved (government investment and/or loans were quite a hype machine in 2025), and Lithium in general had a honeymoon phase prior to the 2026 price correction in the commodity.</p> <p>It has an offtake agreement with GM for its Thacker Pass property in Nevada.</p> <p>I have no position in LAC and no imminent plan to buy it.</p> <p><strong>2026 high: US$10.52, current price: US$2.20</strong></p> <p><img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562339_lac_2026-10-14_09-09-37.png" alt="" width="1000" height="826" /></p> <h2><strong>Uranium</strong></h2> <p><strong>NexGen Energy Ltd. (NXE:TSX; NXE:NYSE) </strong>has long been my favored play on Uranium's future, as it develops the Rook I project in the Athabasca Basin.</p> <p>I do not currently own it, but am watching it closely for purchase, potentially for investment beyond tax-loss goals.</p> <p><strong>2026 high: US$13.96, current price: US$8.47</strong></p> <p><img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562358_nxe_2026-10-14_09-08-32.png" alt="" width="1000" height="826" /></p> <p>Finally, we have Uranium/REE combo, <strong><span class="for_co_card_636">Energy Fuels Inc. (EFR:TSX; UUUU:NYSEAMERICAN)</span></strong>, which produces Uranium, Vanadium, and processes other Rare Earths in the U.S. (Colorado, Utah, Wyoming, and Arizona).</p> <p>I like the "combo" aspect and the fact that UUUU is taking growth initiatives. But at this time, I am just watching and waiting.</p> <p><strong>2026 high: US$27.90, current price: US$9.27</strong></p> <p><img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026101562418_uuuu_2026-10-14_09-08-44.png" alt="" width="1000" height="826" /></p> <h2><strong>Final Thoughts</strong></h2> <p>Tax-loss season (TLS) can be a funny thing. Some of the items above appear to be presenting an opportunity right now, and a longer-term investor (with a positive 2027 view, as I have) could start to nibble. But in my experience, TLS often seems to drag on before a good low is made. It is only mid-October, after all.</p> <p>So a measure of patience is called for. But I strongly believe that the sectors noted above, if not all of the individual stocks, will be much higher at some point in 2027 than they are now.</p> <p>CRML and NXE are once-and-future speculative holdings in <a href="https://nftrh.com/nftrh-premium/" target="_blank" rel="noopener">NFTRH</a> portfolios. UUUU follows up at a close third in priority.</p> <p>Good luck out there as we wrap up 2026!</p> <p><a href="https://nftrh.com/" target="_blank" rel="noopener">You can view more from Gary here.</a></p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>Gary Tanashian: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.</li> <li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a></p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32812"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32812" width="0" height="0"> Thu, 15 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/14/bob-moriarty-says-energy-is-the-worlds-most-important-commodity-is-uranium-the-next-opportunity.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/14/bob-moriarty-says-energy-is-the-worlds-most-important-commodity-is-uranium-the-next-opportunity.html?utm_medium=feed">Streetwise Reports 10/14/2026</a></b> </p> Bob Moriarty of 321gold.com argues real assets can preserve wealth as paper currencies lose purchasing power. His focus on energy and uranium provides a macro backdrop for Azincourt Energy Corp.'s (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE) exploration projects.<h2><strong>Key Takeaways</strong></h2> <div> <ul> <li>Bob Moriarty argues that gold and other real assets can help preserve purchasing power as currencies lose value over time.</li> <li>Moriarty identifies energy, particularly uranium and natural gas, as essential commodities for the global economy.</li> <li>Moriarty suggests mining shares offer exposure to future commodity production but carry exploration, financing, permitting, and development risks.</li> <li>Azincourt Energy Corp. reported initial Snegamook uranium drilling results, including 0.07% eU&#8323;O&#8328; over 0.6 meters.</li> </ul> </div> <h2><strong>Bob Moriarty Makes the Case for Real Assets</strong></h2> <p>On October 9, 2026, Bob Moriarty, founder of <a href="https://www.321gold.com/" target="_blank" rel="noopener">321gold.com</a>, joined the<em> Old Gold </em>podcast channel with Eric Robinson to discuss precious metals, mining companies, energy, and the long-term purchasing power of money. A former Marine fighter pilot who completed more than 800 combat missions in Vietnam, Moriarty subsequently became a prominent voice in the resource sector and an avid purchaser of gold as a safe-haven asset.</p> <p>During <a href="https://www.youtube.com/watch?v=XZZNSij5D-Y" target="_blank" rel="noopener">the interview</a>, Moriarty argued that investors should distinguish between the nominal price of an asset and its underlying value, showing his thinking by comparing military pay from the 1960s to modern compensation. He said that rising prices and wages do not necessarily mean people are becoming wealthier if the purchasing power of their money is declining.</p> <p>"An ounce of gold was an ounce of gold in 1966," Moriarty said. After saying that it's still an ounce of gold today, Moriarty said that the change is in the value of the currency used to quote the metal rather than the value of the metal itself.</p> <p>"If gold's expensive and silver's expensive and copper is expensive and zinc's expensive, what's an alternative safe way to invest in those commodities?" Moriarty asked.</p> <p>"The miners," the interviewer replied.</p> <p>Moriarty agreed, describing a gold-mining investment as buying gold "for future delivery." Mining shares provide exposure to a commodity through a business, but they also introduce company-specific risks, including exploration results, financing requirements, permitting, development costs, and the possibility that a deposit will never become an operating mine.</p> <p>The discussion took a different direction when the interviewer asked which commodities investors might be overlooking. Moriarty responded by asking, "What's the most important commodity in the world?"</p> <p>"Energy," he answered, specifically uranium and natural gas.</p> <h2><strong>Azincourt Energy Advances Uranium Exploration in Canada</strong></h2> <p><span><a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE)</a></span> is a uranium exploration company with projects in Labrador's Central Mineral Belt and Saskatchewan's Athabasca Basin. Its portfolio includes the Harrier uranium project, the Sylvia Lake uranium project, and the East Preston project. The company is an early-stage explorer, not a uranium producer. Its future depends on exploration results, the potential to establish mineral resources, financing, and the ability to develop its assets. While Moriarty did not specifically endorse Azincourt in his interview, the company is an example of one company breaking into the uranium game he highlighted.</p> <p>Azincourt's latest exploration program focuses on the Snegamook uranium deposit within its approximately 13,000-hectare Harrier project in Labrador, Canada.</p> <p>In an October 2, 2026, <a href="https://www.newsfilecorp.com/release/317113/" target="_blank" rel="noopener">company announcement</a>, Azincourt reported that it had completed prospecting and soil sampling across targets at Harrier and commenced diamond drilling at Snegamook. According to the company, the program was designed to test selected historical mineralized intervals, improve the company's understanding of the deposit, and assess whether sufficient information could eventually support a maiden Mineral Resource Estimate (MRE).</p> <p>Then, on October 14, 2026, the company <a href="https://www.newsfilecorp.com/release/318818/Azincourt-Energy-Reports-Initial-Results-from-Drilling-at-Snegamook-Uranium-Deposit" target="_blank" rel="noopener">reported its initial drilling results</a>. The release stated that two holes, totaling 540 m (meters), had been completed. The first hole, SN0045, was drilled approximately 1.5 m from historical hole SN-08-06 to check the earlier result, while SN0046 tested the mineralized horizon farther down dip. Azincourt reported multiple zones of elevated radioactivity in both holes. Highlights included 0.07% eU&#8323;O&#8328; (equivalent uranium oxide) over 0.6 m in SN0045 and 0.05% eU&#8323;O&#8328; over 0.5 m in SN0046. The reported grades are radiometric equivalent grades, not final laboratory assay results. The intervals are drill-hole lengths, not true widths, with laboratory assays pending. </p> <p>These initial results provide geological information, but they should be considered in context: the company has not established a current mineral resource for Snegamook. Azincourt has said it intends to examine historical drill core, engage an independent Qualified Person, twin selected historical holes, and conduct additional drilling to evaluate the possibility of a future resource estimate.</p> <p>The broader Harrier property contains more than a dozen identified uranium mineralization zones. Historical surface samples have returned grades of up to 7.48% U&#8323;O&#8328;, according to the company, although surface samples do not establish the grade, width, or continuity of mineralization at depth.</p> <p>Azincourt is also pursuing the Sylvia Lake uranium project, approximately 100 km (kilometers) northwest of Happy Valley-Goose Bay in Labrador. The project covers approximately 6,725 hectares across two mineral licenses. Under the option agreement announced in August and updated in September 2026, the company is working toward acquiring 100% interest in the property.</p> <p>The third project is East Preston in Saskatchewan's Athabasca Basin. Azincourt holds an 87% interest in the approximately 20,674-hectare property, which contains a regional alteration system and prospective uranium targets. Exploration to prove economic viability is still required.</p> <h2>Technical Analyst Calls Stock 'High Risk, High Reward'</h2> <p>¹On February 9, 2026,<a href="https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html?utm_medium=feed" target="_blank" rel="noopener"> John Newell of John Newell &amp; Associates</a> outlined a potential longer-term technical target of CA$0.70 for the company. "Azincourt Energy Corp. represents a high-risk, high-reward uranium opportunity offering genuine optionality at a point in the cycle where fundamentals are improving faster than market valuations," Newell wrote. </p> <p>Newell then said, "For investors comfortable with exploration risk and seeking leveraged exposure to a sustained uranium bull market, Azincourt Energy is a Speculative Buy at current levels around CA$0.07, with the understanding that value creation will ultimately depend on execution, drilling results, and broader market conditions." As of the time of this writing, the stock is trading around CA$0.04.</p> <h2><strong>Uranium Prices and the Nuclear Build-Out</strong></h2> <p>Moriarty's identification of energy as an essential commodity comes against a backdrop of renewed interest in nuclear power and the uranium required to fuel reactors.</p> <p>According to <a href="https://www.uranium.info/press_releases.php" target="_blank" rel="noopener">TradeTech</a>, its long-term uranium price indicator stood at US$97 per pound of U&#8323;O&#8328; at the end of September 2026. The indicator has remained at that level for four consecutive months and is at its highest level in more than 18 years.</p> <p>The <a href="https://world-nuclear.org/our-association/publications/world-nuclear-outlook-report/executive-summary-world-nuclear-outlook-report-2026" target="_blank" rel="noopener">World Nuclear Association's 2026 outlook</a>, updated September 9, reported that global nuclear electricity generation reached a record 2,702 terawatt-hours in 2025, supplying approximately 9% of global electricity. Eleven reactors began construction in 2025, nine in China and two in Russia. The report also said that global nuclear capacity could reach 1,457 gigawatts-electric by 2050 if existing reactors continue operating under the report's assumptions and the identified construction pipeline and national capacity targets are realized.</p> <p>The World Nuclear Association noted that 38 countries had endorsed the goal of tripling global nuclear capacity by 2050, building on the commitment first announced at COP28 in 2023. Achieving that goal would require a substantial acceleration in reactor construction. However, these projections are conditional, not guaranteed outcomes. Reactor projects often face financing, permitting, construction, and political obstacles, and new capacity must be considered alongside reactor retirements and extensions to the operating lives of existing plants.</p> <h2><strong>The Investor's Choice: Paper Assets or Real Resources?</strong></h2> <p>Moriarty's interview argued that investors should think carefully about what their money will buy long-term. He believes that assets tied to real resources can offer an alternative to holding financial claims denominated in currency, which may decline in value.</p> <p>His comments about miners extend that argument from physical commodities to the businesses responsible for finding and extracting them. The potential attraction is exposure to future commodity production, but the associated risks vary substantially between established producers, development-stage companies, and early-stage explorers. Azincourt represents the exploration end of that spectrum.</p> <p>Moriarty closed the interview by framing the future of investment as a choice between increasing wealth and becoming poorer.</p> <p>"Investors have two choices now," he said. [OWNERSHIP_CHART-6171]</p> <h2>Ownership &amp; Share Information²</h2> <p>Management and insiders own 10%, institutions hold 30%, and the rest is retail.</p> <p>Azincourt has 167.48 million shares outstanding, and its market cap is CA$6.71 million. Its 52-week range is CA$0.03&ndash;CA$0.15 per share</p> <h2>Frequently Asked Questions</h2> <p><strong>Q: What uranium exploration results did Azincourt Energy report at the Snegamook deposit in October 2026?</strong></p> <p>A: Azincourt Energy reported elevated radioactivity in two drill holes totaling 540 m. Highlights included 0.07% eU&#8323;O&#8328; over 0.6 m in hole SN0045 and 0.05% eU&#8323;O&#8328; over 0.5 m in hole SN0046. These are radiometric equivalent grades, not final laboratory assay results.</p> <p><strong>Q: What are Azincourt Energy's main uranium exploration projects? </strong></p> <p>A: Azincourt's portfolio includes the Harrier and Sylvia Lake uranium projects in Labrador, Newfoundland and Labrador, and the East Preston project in Saskatchewan's Athabasca Basin. The company remains an exploration-stage business and has not established the economic viability of these projects.</p> <p><strong>Q: What uranium price and nuclear energy trends are supporting investor interest in the sector?</strong></p> <p>A: TradeTech's long-term uranium price indicator reached US$97 per pound of U&#8323;O&#8328; at the end of September 2026, its highest level in more than 18 years. The World Nuclear Association also reported record global nuclear electricity generation of 2,702 terawatt-hours in 2025, while identifying potential expansion in global nuclear capacity through 2050.</p> <p><strong>Q: What did analyst John Newell say about Azincourt Energy's investment potential?</strong></p> <p>A: In February 2026, John Newell of John Newell &amp; Associates described Azincourt as a "high-risk, high-reward" uranium opportunity and outlined a potential long-term technical price target of CA$0.70. He characterized the stock as a "Speculative Buy" around CA$0.07 at the time, while emphasizing that potential value creation depended on exploration results, execution, and broader market conditions. The stock is currently trading around CA$0.04.¹</p> <p><strong>Q: What are real assets, and how do they differ from paper assets?</strong></p> <p>A: Real assets are tangible assets with intrinsic utility or value, such as gold, silver, copper, uranium, and real estate. Paper assets are financial instruments representing ownership, contractual claims, or investments, such as stocks and bonds. Both can fluctuate in value, and neither category is inherently protected against losses or inflation.</p> <p><strong>Q: What is uranium oxide (U&#8323;O&#8328;), and why is it important to nuclear energy?</strong></p> <p>A: Uranium oxide, commonly called yellowcake in its processed concentrate form, is a uranium-bearing material used in the nuclear fuel supply chain. Uranium is processed and enriched as needed before being fabricated into fuel for nuclear reactors. U&#8323;O&#8328; is also the standard unit used to quote uranium prices and report many uranium exploration grades.</p> <p><strong>Q: What is a Mineral Resource Estimate (MRE)? </strong></p> <p>A: A Mineral Resource Estimate is an assessment of the quantity, grade, and geological characteristics of mineralization that has reasonable prospects for eventual economic extraction. It is based on geological evidence and sampling and is typically prepared or reviewed by a qualified professional. An exploration target or historical estimate is not equivalent to a current, compliant mineral resource.</p> <p><strong>Q: What is radiometric equivalent uranium grade (eU&#8323;O&#8328;)?</strong></p> <p>A: Radiometric equivalent uranium grade is an estimate of uranium concentration derived from radiation measurements, rather than directly from laboratory chemical analysis. It is commonly used in uranium exploration to identify and evaluate radioactive intervals in drill holes. Equivalent grades may differ from laboratory assay results, so they should not be treated as confirmed chemical grades.</p> <p><strong>Q: What is the difference between a uranium exploration company and a uranium producer? </strong></p> <p>A: A uranium exploration company searches for mineralization and evaluates whether a deposit may support future mining. A producer operates a mine and extracts uranium-bearing material for sale or further processing. Exploration companies generally face substantial uncertainty because they may need to establish a resource, demonstrate economic viability, secure permits and financing, and develop a mine before generating production revenue.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li><span data-olk-copy-source="MessageBody">Azincourt Energy Corp. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</span> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azincourt Energy Corp.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Disclosure for the quote from the John Newell article published on February 9, 2026</strong></p> <ol> <li>For the quoted article (published on February 9, 2026), Azincourt Energy Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</li> <li>Author Certification and Compensation: <span class="highlight">[John Newell of John Newell and Associates]</span> was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> <p><strong>John Newell Disclaimer</strong></p> <p>As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.</p> <p><strong>2. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32800"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32800" width="0" height="0"> <p>( Companies Mentioned: AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE, )</p> Wed, 14 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/14/azincourt-energy-hits-broad-zones-of-elevated-radioactivity-in-first-snegamook-holes.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/14/azincourt-energy-hits-broad-zones-of-elevated-radioactivity-in-first-snegamook-holes.html?utm_medium=feed">Streetwise Reports 10/14/2026</a></b> </p> Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE) hit broad zones of elevated radioactivity in its first two drill holes at the Snegamook uranium deposit in Labrador. Find out why one market strategist says uranium is no longer a speculative corner of the energy market.<h2>Key Investor Takeaways</h2> <ul> <li>Azincourt Energy&rsquo;s first two drill holes at the Snegamook uranium deposit in Labrador hit broad zones of elevated radioactivity, 30 meters in the first hole and 25 meters in the second.</li> <li>The best highlighted interval was 0.14% eU₃O₈ over 0.2 meter. These are radiometric estimates, and assays are expected early next year.</li> <li>The first hole, SN0045, was drilled to twin historical hole SN-08-06, which returned the best mineralized interval from past drilling at Snegamook.</li> <li>The program is now expected to total about 2,000 meters in six to seven holes, which will help Azincourt assess the potential for a future resource estimate.</li> <li>Snegamook has no current or historical mineral resource, and the historical data have not been verified.</li> </ul> <h2 dir="ltr"><strong>Snegamook Lights Up in Azincourt's First New Holes</strong></h2> <p><span><a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE)</a></span> has confirmed uranium mineralization at its Snegamook deposit in Labrador with its first two drill holes there. The results come nearly two decades after the deposit was first drilled. Both holes hit broad zones of elevated radioactivity, 30 meters in the first and 25 meters in the second, <a href="https://www.azincourtenergy.com/news/azincourt-energy-reports-initial-results-from-drilling-at-snegamook-uranium-deposit" target="_blank" rel="noopener">according to an October 14 release</a>.</p> <p>"The numbers are in line with a lot of what you see [in] other deposits in the area," CEO Mark Tommasi told <em>Streetwise Reports</em>. "These are really good numbers."</p> <p>The company completed 540 meters in the two holes at Snegamook, part of its Harrier project in Labrador's Central Mineral Belt. The best interval was 0.14% <span>eU</span>₃<span>O</span>₈over 0.2 meter.</p> <p>The grades are radiometric estimates from downhole probes, and assays to confirm them are expected early next year. Tommasi said the results shouldn't be judged against the Athabasca Basin in Saskatchewan, which is known for exceptionally high grades.</p> <h2 dir="ltr"><strong>Following Up Snegamook's Top Historical Hit</strong></h2> <p>The first hole, SN0045, was drilled 1.5 meters from historical hole SN-08-06 to twin it. That historical hole had returned 0.97% <span>U</span>₃<span>O</span>₈ over 0.5 meter, the best interval from past drilling at Snegamook. A 10-centimeter check sample Azincourt took from its core in 2025 returned 2.71% U₃O₈. That sample was selective and isn&rsquo;t representative of the historical interval or of the deposit as a whole.</p> <p>SN0045 reached 269 meters and hit multiple radioactive zones over 30 meters, from 94.1 to 124.9 meters, in brecciated monzodiorite gneiss. Highlights included 0.07% <span>eU</span>₃<span>O</span>₈ over 0.6 meter, including 0.14% over 0.2 meter, and 0.03% <span>eU</span>₃<span>O</span>₈ over 0.6 meter.</p> <p>The second hole, SN0046, was drilled from the same pad at a steeper angle to test the zone down dip. It reached 271 meters and hit a 25-meter radioactive zone from 187 to 211.6 meters. Highlights included 0.05% <span>eU</span>₃<span>O</span>₈ over 0.5 meter and 0.03% <span>eU</span>₃<span>O</span>₈ over 0.3 meter. The release said all intervals are drill hole lengths, not true widths.</p> <p>"This program has confirmed the mineralizing system and setting of the Snegamook uranium deposit," said Trevor Perkins, vice president of exploration. The results "demonstrate the small footprint and variability of the high-grade veins within this style of deposit" and are comparable with grades at nearby deposits such as Two Time and Anna Lake, he said.</p> <p>The program started in late September, later than planned, and is now expected to total about 2,000 meters in six to seven holes. Samples from all holes will be assayed at ACTLabs in Ancaster, Ontario.</p> <h2 dir="ltr"><strong>Laying the Groundwork at Snegamook</strong></h2> <p>Snegamook was first drilled in 2007 and 2008, about 1.3 kilometers southeast of the Two Time uranium deposit. Seventeen historical holes cut a 20- to 50-meter-wide zone of uranium-bearing, altered monzodiorite, a setting Azincourt says is similar to Two Time's. <strong><span class="for_co_card_346">Silver Spruce Resources (SSE:TSX.V)</span></strong> prepared a preliminary resource estimate in 2008, but it was never finalized or filed. Snegamook has no current or historical mineral resource, and Azincourt has not verified the historical data.</p> <p>This year&rsquo;s program will help determine whether the drilling and historical data can support a future resource estimate. Azincourt is rehabilitating the historical core at the Kanairiktok storage facility, bringing in an independent Qualified Person, and twinning selected holes.</p> <p>"Our focus is on building a reliable geological dataset through drilling and historical core review to guide the next stages of exploration and assess the potential for a future mineral resource estimate," Tommasi said in the release.</p> <p>Crews are working from the Florence Lake Exploration Camp, about 170 kilometers north of Goose Bay.</p> <h2><strong>Labrador's Uranium Belt Waits for Its First Mine</strong></h2> <p>The Central Mineral Belt hosts numerous uranium deposits and has drawn renewed exploration as interest in a secure uranium supply grows, but it has never produced uranium. <strong><span class="for_co_card_138">Paladin Energy Ltd.'s (PDN:TSX; PDN:ASX)</span></strong> Michelin project, made up of six deposits, holds a reported 127.7 million pounds of <span>U</span>₃<span>O</span>₈, according to Paladin's 2026 annual report.</p> <p>The historical Moran Lake C deposits are reported to hold 9.3 million pounds of <span>U</span>₃<span>O</span>₈, and Anna Lake 4.9 million pounds. Two Time, Snegamook&rsquo;s nearest neighbor, was reported in 2008 to hold an indicated resource of 2.33 million pounds of <span>U</span>₃<span>O</span>₈ and an inferred resource of 3.73 million pounds. Those are historical estimates, and Azincourt is not treating them as current mineral resources. The company said it has not verified these third-party figures and that they don&rsquo;t necessarily reflect mineralization at Harrier.</p> <p>Azincourt also holds the East Preston uranium project in Saskatchewan's Athabasca Basin.</p> <h2 dir="ltr"><strong>A High-Risk Bet on a Strategic Fuel</strong></h2> <p>¹John Newell of John Newell &amp; Associates sees uranium moving into the mainstream of energy investing. "Uranium is no longer considered a speculative corner of the energy market. It is increasingly viewed as a strategic fuel," <a href="https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html?utm_medium=feed" target="_blank" rel="noopener">he wrote in a February 9 review of Azincourt Energy</a>.</p> <p>Newell said the gap between uranium supply and demand is a key catalyst for the sector. Years of underinvestment have held back production while reactor demand stays steady, pushing utilities to lock in longer-term supply at higher prices. As inventories shrink, he said, new discoveries and advanced exploration projects in politically stable regions could become more valuable, which may open the door for junior explorers.</p> <p>He called Azincourt a high-risk exploration company that could benefit substantially if uranium market conditions keep improving.</p> <p>"For investors comfortable with exploration risk and seeking leveraged exposure to a sustained uranium bull market, Azincourt Energy is a Speculative Buy at current levels around CA$0.07, with the understanding that value creation will ultimately depend on execution, drilling results, and broader market conditions," Newell wrote. The shares have since traded around CA$0.04.[OWNERSHIP_CHART-6171]</p> <h2><strong>The AI Power Rush Meets a Uranium Shortfall</strong></h2> <p>Nuclear power is in the middle of a global revival. About 440 reactors in 31 countries supplied roughly 9% of the world's electricity in 2025, and about 80 more are under construction, <a href="https://www.world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx" target="_blank" rel="noopener">according to the World Nuclear Association</a>. Another 120 or so are planned, and more than 300 are proposed. The association is pushing to triple global nuclear capacity by 2050.</p> <p>Artificial intelligence is adding a new source of demand. Data centers used about 415 terawatt-hours of electricity in 2024, and that is set to more than double to about 945 terawatt-hours by 2030, with AI as the main driver, <a href="https://www.iea.org/reports/energy-and-ai/executive-summary" target="_blank" rel="noopener">the International Energy Agency said</a>. Nuclear will supply about as much new power to data centers as natural gas through 2035, especially in the U.S., China, and Japan, the agency said.</p> <p>Mine supply has not kept pace. Years of underinvestment, long permitting timelines, and shrinking secondary supplies have left the market short, and Sprott Asset Management expects the deficit to widen over the coming decade, <a href="https://www.mining.com/ai-boom-set-to-turbocharge-uranium-demand-in-2026/" target="_blank" rel="noopener">Mining.com reported</a>. Higher prices "will be required to incentivize restarts and greenfield developments," Sprott said.</p> <p>Prices have climbed. Uranium ended September at about US$89.63 a pound on the spot market and US$96.50 under long-term contracts, the price utilities pay to lock in supply, <a href="https://www.cameco.com/invest/markets/uranium-price" target="_blank" rel="noopener">according to <strong><span class="for_co_card_173">Cameco Corp. (CCO:TSX; CCJ:NYSE)</span></strong></a>, which averages month-end prices from UxC and TradeTech.</p> <p>That backdrop favors explorers in politically stable regions such as Labrador's Central Mineral Belt, where interest in a secure uranium supply has brought renewed exploration.</p> <h2><strong>Ownership and Share Structure²</strong></h2> <p>Management and insiders own 10%, institutions hold 30%, and the rest is retail.</p> <p>Azincourt has 167.48 million shares outstanding, and its market cap is CA$6.71 million. Its 52-week range is CA$0.03&ndash;CA$0.15 per share.</p> <h2>Common Questions from Investors</h2> <p><strong>What did Azincourt find? </strong>Its first two holes at Snegamook hit 30-meter and 25-meter zones of elevated radioactivity. Highlights included 0.07% <span>eU</span>₃<span>O</span>₈ over 0.6 meter, including 0.14% over 0.2 meter, and 0.05% <span>eU</span>₃<span>O</span>₈ over 0.5 meter.</p> <p><strong>Are these assay results? </strong>No. They are radiometric equivalent grades from downhole probes. Samples from all holes will be assayed at ACTLabs, with results expected early next year.</p> <p><strong>Does Snegamook have a resource estimate? </strong>No. A 2008 preliminary estimate was never finalized or filed. Azincourt is drilling, twinning historical holes, and reviewing old core to assess a possible maiden resource estimate.</p> <p><strong>What happens next? </strong>Azincourt plans four to five more holes, for about 2,000 meters in total, and will engage an independent Qualified Person to review the core.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>Azincourt Energy Corp. is a<span data-olk-copy-source="MessageBody"> billboard sponsor of Streetwise Reports and pays monthly sponsorship fees of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</span> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azincourt Energy Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1.</strong><strong> Disclosure for the quote from the John Newell article published on February 9, 2026</strong></p> <ol> <li>For the quoted article (published on February 9, 2026), Azincourt Energy Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> <p><strong>John Newell Disclaimer</strong></p> <p>As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.</p> <p><strong>2. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32799"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32799" width="0" height="0"> <p>( Companies Mentioned: AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE, )</p> Wed, 14 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/13/energy-transfer-bets-us-2-6b-on-the-permians-gas-bottleneck.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/13/energy-transfer-bets-us-2-6b-on-the-permians-gas-bottleneck.html?utm_medium=feed">Streetwise Reports 10/13/2026</a></b> </p> Energy Transfer LP (ET:TXSE) is paying about US$2.625 billion for Vaquero Midstream's Delaware Basin gas network as record Permian output strains West Texas pipelines. Find out why one newsletter writer calls the deal a timely example of the value of energy infrastructure.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Energy Transfer agreed to buy Vaquero Midstream, a Delaware Basin natural gas gathering and processing company, for about US$2.625 billion in cash and units, with closing expected in the fourth quarter.</li> <li>Vaquero brings about 300 miles of pipeline and 675 million cubic feet per day of processing capacity, with room to expand to about 1.2 billion cubic feet per day.</li> <li>Vaquero's cash flows are supported by long-term, fee-based contracts with an average remaining life of approximately 10 years, and Energy Transfer expects the acquisition to be immediately accretive to distributable cash flow per common unit.</li> <li>Booming Permian gas output has outrun pipeline capacity this year, pushing West Texas gas prices below zero for months.</li> <li>Newsletter writer Ron Struthers called the deal "a timely example" of the value of energy infrastructure.</li> <li>Energy Transfer moved its common units from the New York Stock Exchange to the Texas Stock Exchange, where they began trading on October 5 under the same "ET" ticker.</li> </ul> <h2 dir="ltr" style="text-align: center;"><strong>Too Much Gas, Too Few Pipes: Why the Permian Is Worth US$2.6 Billion</strong></h2> <p dir="ltr">West Texas Intermediate crude traded at about US$93.36 a barrel on October 12, up about 57% from a year earlier, <a href="https://tradingeconomics.com/commodity/crude-oil" target="_blank" rel="noopener">according to Trading Economics</a>. Attacks in the Middle East and on tankers in the Strait of Hormuz have kept supply concerns high, even as prices eased about 8% over the past month.</p> <p dir="ltr">High oil prices are keeping Permian Basin drillers busy, and every barrel they pump brings natural gas up with it. The U.S. Energy Information Administration expects Permian gas output to average 29.2 billion cubic feet per day this year, up 6% from 2025, as total U.S. gas production heads for a record, <a href="https://www.eia.gov/todayinenergy/detail.php?id=67944" target="_blank" rel="noopener">the agency said in August</a>. In its October outlook, the EIA forecast record U.S. crude production of 13.87 million barrels per day in 2026 and marketed natural gas production of about 123.5 billion cubic feet per day, <a href="https://www.advisorperspectives.com/dshort/updates/2026/10/08/short-term-energy-outlook-october-2026" target="_blank" rel="noopener"><em>Advisor Perspectives </em>reported</a>.</p> <p dir="ltr">Getting that gas out of West Texas has been the problem. Gas prices at the Waha hub traded below zero from February to early June, falling as low as minus US$9.55 per million British thermal units in mid-April, according to <a href="https://eastdaley.com/daley-note/permian-producers-shutter-wells-to-manage-negative-waha-prices" target="_blank" rel="noopener">East Daley Analytics</a>. Some Delaware Basin producers curtailed output rather than sell at a loss. The benchmark Henry Hub price stood at about US$3.16 on October 12, Trading Economics reported.</p> <p dir="ltr">That's the market <strong><span class="for_co_card_11487">Energy Transfer LP (ET:TXSE)</span></strong><strong><span class="for_co_card_11487"> </span></strong>is betting on. On October 6, it agreed to buy Vaquero Midstream LLC, a Delaware Basin gas gathering and processing company, for about US$2.625 billion, <a href="https://www.businesswire.com/news/home/20261005350460/en/" target="_blank" rel="noopener">according to a release</a>.</p> <h2 dir="ltr" style="text-align: center;"><strong>300 Miles of Pipe and Room to Nearly Double Processing</strong></h2> <p dir="ltr">Energy Transfer will pay US$1.95 billion in cash and issue about 33.3 million new common units. The deal is expected to close in the fourth quarter, subject to regulatory approval and customary conditions.</p> <p dir="ltr">Vaquero runs an approximately 300-mile pipeline network serving producers in Loving, Reeves, Ward, and Winkler counties, some of the most active areas of the Delaware Basin. It operates the Caymus Processing Complex, which has three processing trains with about 675 million cubic feet per day of capacity. Vaquero owns enough land to add two more trains, which could raise capacity to about 1.2 billion cubic feet per day.</p> <p dir="ltr">The system runs on long-term, fee-based contracts and about 100,000 dedicated acres, and its customers' contracts have an average of about 10 years left. Vaquero was formed with backing from Yorktown Partners and Keeneland Capital.</p> <h2 dir="ltr" style="text-align: center;"><strong>From the Wellhead to the Export Dock</strong></h2> <p dir="ltr">Vaquero's pipelines already connect to Energy Transfer's downstream natural gas and natural gas liquids system. Energy Transfer said that the link should bring in more revenue from transportation, fractionation, terminalling, and exports, and that the deal will add to distributable cash flow per common unit right away.</p> <p dir="ltr">The purchase builds on Energy Transfer's push in the Permian. Its Hugh Brinson Pipeline, which carries Permian gas toward the Dallas&ndash;Fort Worth area, entered commercial service this summer with Phase I capacity of 1.5 billion cubic feet per day, <a href="https://www.stocktitan.net/news/ET/energy-transfer-reports-second-quarter-2026-results-and-updates-2026-zfz35ptq8uer.html" target="_blank" rel="noopener">the company said</a> in August. In the second quarter, Energy Transfer reported record NGL exports and record gathered volumes, and adjusted EBITDA rose 31% to US$5.07 billion. The company raised its 2026 adjusted EBITDA guidance to US$18.8 billion to US$19.1 billion and plans US$5.6 billion to US$5.9 billion in growth capital spending.</p> <p dir="ltr">Energy Transfer owns about 140,000 miles of pipeline and energy infrastructure across 44 states.</p> <p dir="ltr">In September, Energy Transfer said it would move its listings from the New York Stock Exchange to the Texas Stock Exchange, and its units began trading there on October 5 under the same ticker, according to a release.</p> <h2 dir="ltr" style="text-align: center;"><strong>A 6.6% Yield and a Deal That Could Grow It</strong></h2> <p dir="ltr">Ron Struthers, editor of the <em>Struthers Resource Stock Report</em>, reiterated a Buy on Energy Transfer in an October 8 issue and called the Vaquero purchase "a timely example" of the value of pipelines. "Higher energy prices reinforce the strategic importance of North America's energy infrastructure," he wrote.</p> <p dir="ltr">Vaquero's facilities already connect to Energy Transfer's system, "potentially increasing volumes throughout its transportation, processing, storage, and export network," Struthers wrote. "Unlike exploration companies, Energy Transfer generates much of its revenue from handling and transporting energy commodities rather than directly depending on commodity prices." He said investors "should monitor acquisition debt, integration costs, unit dilution, and whether expected cash flow improvements materialize."</p> <blockquote class="callOut left" dir="ltr">Ron Struthers, editor of the <em>Struthers Resource Stock Report</em>, reiterated a Buy on Energy Transfer in an October 8 issue and called the Vaquero purchase "a timely example" of the value of pipelines. </blockquote> <p dir="ltr">Energy Transfer has been in Struthers' Millennium Index since 2019 at an entry price of US$14.50. The distribution yields 9.38% on that entry price, based on the current annualized distribution, and approximately 6.6% at US$20.62, he wrote. "I suggest Energy Transfer as a Buy if you don't already own some because the investment thesis remains straightforward and the same," Struthers wrote. "This acquisition could strengthen that long-term income strategy."</p> <p dir="ltr">He sees support between about US$18.50 and US$20 and resistance between US$20.75 and US$21.50, which the units must clear before testing new highs.</p> <p dir="ltr">Twelve of the 15 analysts covering Energy Transfer in the past three months rate it a Buy and three a Hold, <a href="https://www.tipranks.com/stocks/et/forecast">according to TipRanks</a>. Their average target of US$24.23.</p> <p dir="ltr">Since the deal was announced, J.P. Morgan's Jeremy Tonet reiterated a Buy and US$25 target, Scotiabank's Brandon Bingham a Buy and US$24 target, and Goldman Sachs' John Mackay a Hold and US$22 target.</p> <h2 dir="ltr" style="text-align: center;"><strong>Dealmakers Race for West Texas Gas</strong></h2> <p dir="ltr">The Vaquero deal came the same day that <strong><span class="for_co_card_6634">ONEOK Inc. (OKE:NYSE)</span></strong> announced it had <a href="https://ir.oneok.com/news-and-events/press-releases/2026/10-06-2026-211615960" target="_blank" rel="noopener">closed its US$4.425 billion purchase</a> of Brazos Midstream's Midland Basin gathering and processing assets, the Permian's other major sub-basin.</p> <p dir="ltr">More room to move gas is coming. Three projects could add about 4.5 billion cubic feet per day of Permian takeaway capacity by the end of 2026, East Daley estimated in July: the Gulf Coast Express expansion, WhiteWater's 2.5-billion-cubic-foot-per-day Blackcomb line, and Energy Transfer's Hugh Brinson. The EIA expects U.S.-marketed gas output to keep climbing, to about 127.9 billion cubic feet per day in 2027.[OWNERSHIP_CHART-11487]</p> <h2 dir="ltr" style="text-align: center;"><strong>Ownership and Share Structure¹</strong></h2> <p>About 10.27% of Energy Transfer LP is owned by management and insiders, about 0.02% by strategic investors, and about 32.05% by institutions. The rest is retail.</p> <p>Its market cap is US$70.38 billion with 3.44 billion shares (common units) outstanding. It trades in a 52-week range of US$16.18 and US$21.84.</p> <h2 style="text-align: center;">Common Questions from Investors</h2> <p dir="ltr"><strong>What is Energy Transfer buying?</strong> Vaquero Midstream, which runs about 300 miles of pipeline in Loving, Reeves, Ward, and Winkler counties in the Delaware Basin, operates the Caymus Processing Complex. Caymus has three processing trains totaling about 675 million cubic feet per day, and Vaquero has land for two more that could raise capacity to about 1.2 billion cubic feet per day.</p> <p dir="ltr"><strong>How is Energy Transfer paying?</strong> US$1.95 billion in cash and about 33.3 million new common units, for a total of about US$2.625 billion.</p> <p dir="ltr"><strong>When is the deal expected to close?</strong> In the fourth quarter of 2026, subject to regulatory approval and customary closing conditions.</p> <p dir="ltr"><strong>How does the deal help Energy Transfer?</strong> Vaquero's pipelines already connect to Energy Transfer's downstream gas and NGL network, which the company expects to bring more transportation, fractionation, terminalling, and export revenue. Energy Transfer expects the deal to add to distributable cash flow per common unit immediately.</p> <p dir="ltr"><strong>Why does Permian gas matter right now?</strong> High oil prices have kept drillers busy, and the EIA expects Permian gas output to average 29.2 billion cubic feet per day this year, up 6% from 2025. Pipelines haven't kept up, and Waha hub prices traded below zero from February to early June. </p> <p dir="ltr"><strong>What do analysts and experts say?</strong> Newsletter writer Ron Struthers reiterated a Buy and said the acquisition "could strengthen that long-term income strategy." Twelve of 15 analysts tracked by TipRanks rate the units a Buy, with an average target of US$24.23.</p> <p dir="ltr"><strong>Where does Energy Transfer trade?</strong> Energy Transfer moved the listing of its common units and Series I Preferred Units from the New York Stock Exchange to the Texas Stock Exchange, and both began trading there on October 5, 2026. </p> <p><span style="font-size: 1rem;"><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></span></p><p>Important Disclosures:</p><ol> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment.</li> <li>Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32790"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32790" width="0" height="0"> <p>( Companies Mentioned: ET:TXSE, )</p> Tue, 13 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/13/nvidia-commits-us-1b-to-american-science-push-in-tech-energy-and-healthcare.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/13/nvidia-commits-us-1b-to-american-science-push-in-tech-energy-and-healthcare.html?utm_medium=feed">Streetwise Reports 10/14/2026</a></b> </p> Nvidia Corporation (NVDA:NASDAQ) announced commitments valued at US$1 billion over five years to advance U.S. scientific research and development, including quantum computing, healthcare and energy security, building on its partnerships with national laboratories and the Department of Energy.<p><strong><span class="for_co_card_10904">Nvidia Corp. (NVDA:NASDAQ)</span></strong> <a href="https://nvidianews.nvidia.com/news/nvidia-commits-1-billion-to-advance-us-science-over-the-next-five-years" target="_blank" rel="noopener">announced on October 8, 2026</a>, commitments valued at US$1 billion to advance U.S. science over the next five years, focusing on superintelligence research and development in quantum computing, healthcare, and energy security.</p> <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Nvidia's October 8 announcement commits US$1 billion over five years to U.S. super intelligence R&amp;D in quantum computing, healthcare, and energy security, extending long-standing DOE collaborations.</li> <li>The pledge supports the Genesis Mission and invites the science community to collaborate on computer infrastructure to accelerate discovery and U.S. innovation leadership.</li> <li>At the October 12 OCP Global Summit, Nvidia opened Vera Rubin architecture designs to the open-source community, with <strong><span class="for_co_card_11362">Meta Platforms Inc. (META:NASDAQ)</span></strong> adopting Spectrum-6 Ethernet switches and <strong><span class="for_co_card_11744">Cisco Systems Inc. (CSCO:NASDAQ)</span></strong> partnering on new pluggable optics for AI factory scaling.</li> <li>Nvidia's commitment builds on its long-standing collaborations with U.S. national laboratories and the Department of Energy, while its separate Open Compute Project contributions support the development of next-generation AI infrastructure.</li> <li>Forward-looking catalysts include ongoing Genesis Mission phase 2 awards and expanded AI infrastructure deployments across U.S. government missions.</li> </ul> <h2 style="text-align: center;">US$1 Billion Commitment to US Scientific Leadership</h2> <p><a href="https://nvidianews.nvidia.com/news/nvidia-commits-1-billion-to-advance-us-science-over-the-next-five-years" target="_blank" rel="noopener">The announcement</a> came during the "Science: A New Golden Age" event in Washington, D.C., where Nvidia highlighted its role as a leading industry partner in the Genesis Mission. At the event, Nvidia founder and CEO Jensen Huang, said, "President Trump's Genesis Mission is launching a new golden age of American discovery. With a US$1 billion investment, Nvidia is putting advanced Super Intelligence in the hands of America's scientists to accelerate breakthroughs in medicine, energy, and materials. This is how America turns scientific leadership into industrial leadership, and innovation into jobs and opportunity for generations."</p> <p>This move builds on more than two decades of collaboration with U.S. national labs and recent partnerships with the U.S. Department of Energy, including work on the department's largest supercomputer for scientific research at Argonne National Laboratory and support for seven new systems across Argonne and Los Alamos National Laboratories.</p> <p>Just days later, on October 12, 2026, <a href="https://blogs.nvidia.com/?p=98706" target="_blank" rel="noopener">Nvidia contributed key Vera Rubin rack and compute tray designs</a> to the Open Compute Project through its MGX architecture, enabling system builders to develop next-generation AI factory infrastructure with open standards for power, cooling, and networking.Partners, including Meta, <strong><span class="for_co_card_11361">Alphabet Inc. Class A (GOOGL:NASDAQ)</span></strong><span class="for_co_card_11361">, </span>and Cisco, are aiding in advancing related networking and design initiatives for AI factories.</p> <p>Nvidia's US$1 billion commitment over five years will support higher-education research institutions, efforts to accelerate American quantum leadership, and cloud service providers serving U.S. government needs. The company said the commitment is intended to advance scientific research and U.S. leadership in fields including quantum computing, healthcare, and energy security. Peers such as Meta and Google are focusing resources on scaling AI factories through open networking standards and rack designs at the same OCP event.</p> <p data-pm-slice="1 1 []">Nvidia also participates in Phase 2 Genesis Mission projects covering quantum computing, fusion, accelerator design and microelectronics.</p> <p> Public metrics show continued hyperscaler demand supporting Nvidia's position, with recent reports noting robust data-center capital expenditure projections.</p> <h2 style="text-align: center;">The AI Sector's Rapid Growth</h2> <p>Investment in AI infrastructure continues to grow as tech companies and government agencies seek greater computing capacity for scientific research, data processing, and further AI development. The U.S. Department of Energy's <a href="https://www.energy.gov/undersecretaryforscience/genesis-mission/genesis-mission" target="_blank" rel="noopener">Genesis Mission</a> is one example of efforts to apply AI and high-performance computing to scientific challenges, including healthcare, energy, materials science, and quantum computing. The initiative brings together public and private sector participants to support research and accelerate scientific discovery.</p> <p>Infrastructure development is another priority for technology companies as they attempt to accommodate increasingly demanding AI workloads. On October 12, 2026, Meta outlined new open infrastructure initiatives at the <a href="https://engineering.fb.com/2026/10/12/open-source/ocp-summit-2026-powering-ai-with-open-innovations-in-scale-up-scale-out-and-scale-across-networks/" target="_blank" rel="noopener">Open Compute Project Global Summit</a>, including networking technologies designed to support larger AI deployments.</p> <blockquote class="callOut left">Timothy Arcuri of UBS reiterated a "Buy" rating and price target of US$300.</blockquote> <p>Open standards for computing racks, power delivery, cooling, and networking can help system builders develop and integrate infrastructure across different hardware platforms.</p> <p>These efforts coincide with rising demand for data center capacity and continued investment in computing infrastructure. <a href="https://www.pwc.com/gx/en/news-room/press-releases/2026/global-investment-in-ai-infrastructure.html" target="_blank" rel="noopener">PwC's Global Data Centre Outlook</a> examines the long-term investment required to expand data center capacity amid growing AI adoption. The sector's development requires both commercial infrastructure expansion and the application of advanced computing to scientific research, with electricity availability, hardware requirements, and the ability to scale computing systems remaining important considerations.</p> <h2 style="text-align: center;">Recent Analyst Coverage is a 'Buy'</h2> <p>According to <a href="https://www.marketbeat.com/stocks/NASDAQ/NVDA/forecast/" target="_blank" rel="noopener">Marketbeat</a>, October analyst coverage for Nvidia includes:</p> <ul> <li>On October 2, 2026, Aaron Rakers of Wells Fargo &amp; Co. set a price target of US$210.</li> <li>On October 2, 2026, Joseph Moore of Morgan Stanley set a price target of US$230.</li> <li>On October 1, 2026, C.J. Muse of Cantor Fitzgerald reiterated an "Overweight" rating, with a price target of US$350.</li> </ul> <p>Further analyst coverage, reported by Tipranks, includes: </p> <ul> <li>On October 9, 2026, Timothy Arcuri of UBS reiterated a "Buy" rating and price target of US$300.</li> <li>On October 6, 2026, Atif Malik of Citi reiterated a "Buy" rating and price target of US$315.</li> <li>On October 6, 2026, Daniel Ives of Yorkville Ives &amp; Co. initiated a "Buy" rating and price target of US$300.</li> <li>On October 5, 2026, Karl Ackerman of Exane BNP Paribas reiterated a "Buy" rating and raised the price target from US$285 to US$345.</li> <li>On October 1, 2026, Thomas O'Malley of Barclays reiterated a "Buy" rating and price target of US$275. </li> </ul> <h2 style="text-align: center;">Catalysts for the Tech Giant</h2> <p>According to Nvidia's <a href="https://s201.q4cdn.com/141608511/files/content_files/Fall-2026-NDR_Final.pdf" target="_blank" rel="noopener">September 2026 presentation</a>, upcoming catalysts for the company include the continued rollout of its Vera Rubin AI computing platform.<strong> </strong>Nvidia has described Vera Rubin NVL72 as delivering up to 30 times better AI factory token throughput and 45 times lower cost per million tokens than its GB300 NVL72 system. Nvidia reported that its Vera CPU is in full production, with shipments underway to partners. The company also said its Groq 3 LPX system is in full production.<strong> </strong>The company expects CPU revenue to more than double in fiscal 2028, making product deployment and adoption important milestones to monitor.</p> <p>Nvidia also highlighted NVLink Fusion adoption and its proposed acquisition of Hugging Face for approximately US$12.93 billion (proposed to close in the first half of 2027) as potential growth drivers. The company estimated that NVLink Fusion's potential revenue could approach US$250 billion by the end of the decade, while its planned Hugging Face acquisition is intended to expand access to AI infrastructure and tools. [OWNERSHIP_CHART-10904]</p> <h2 style="text-align: center;">Ownership &amp; Share Information¹</h2> <p>Nvidia Corp. has a market cap of US$5.47 trillion, with 24.10 billion shares outstanding. The company's 52-week range is US$164.27-US$243.37.</p> <p>Institutions own 71.34% of shares, while Strategic Investors own 0.04%. Management &amp; Insiders own 3.97%, and the remaining 24.65% of shares are held by Retail.</p> <h2 style="text-align: center;">Frequently Asked Questions</h2> <p><strong>Q: What does Nvidia's US$1 billion commitment specifically fund?</strong></p> <p>A: It funds support for higher-education research institutions, investments in American quantum leadership and cloud providers bolstering U.S. government needs over five years, plus collaboration on Genesis Mission projects in quantum computing, fusion, and microelectronics.</p> <p><strong>Q: How does this fit with recent AI factory announcements?</strong></p> <p>A: The science commitment complements the October 12 OCP news on open Vera Rubin designs and partnerships with Meta, Google, and Cisco to scale AI infrastructure efficiently.</p> <p><strong>Q: Are there direct comparisons to other AI companies?</strong></p> <p>A: Peers such as Meta and Google are advancing open networking and rack standards at the same summit, while Nvidia additionally directs resources to national labs and academic R&amp;D under the Genesis Mission.</p> <p><strong>Q: What is the next expected update?</strong></p> <p>A: Further details on phase 2 Genesis Mission awards and production deployments of Vera Rubin systems with partners.</p> <p><strong>Q: What is artificial intelligence (AI)?</strong></p> <p>A: Artificial intelligence is technology that enables computer systems to perform tasks commonly associated with human intelligence, including learning, problem-solving, language processing, and pattern recognition.</p> <p><strong>Q: What is a data center, and why is it important for AI?</strong></p> <p>A: A data center is a facility that houses computing equipment, storage systems, and networking infrastructure. Data centers provide the processing capacity needed to train AI models, run AI applications, and manage large volumes of data.</p> <p><strong>Q: What is high-performance computing (HPC)?</strong></p> <p>A: High-performance computing uses powerful computers and interconnected processing systems to perform complex calculations at high speeds. It supports applications such as scientific modeling, climate research, drug discovery, and advanced engineering.</p> <p><strong>Q: What is quantum computing?</strong></p> <p>A: Quantum computing is a computing approach that uses quantum-mechanical principles to process information. It may help researchers address certain complex problems that are difficult for conventional computers, although practical applications remain under development.</p> <p><strong>Q: What is an AI accelerator?</strong></p> <p>A: An AI accelerator is a specialized processor or computing component designed to speed up artificial intelligence workloads, such as training and running machine-learning models. These processors can improve computational efficiency and help data centers handle increasingly demanding AI applications.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of <span class="for_co_card_11361">Alphabet Inc. Class A</span> and Nvidia.</li> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32786"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32786" width="0" height="0"> <p>( Companies Mentioned: NVDA:NASDAQ, )</p> Wed, 14 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/09/skyharbour-opens-drilling-at-getty-east-with-jv-partner-denison-mines.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/09/skyharbour-opens-drilling-at-getty-east-with-jv-partner-denison-mines.html?utm_medium=feed">Streetwise Reports 10/09/2026</a></b> </p> Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE) has started its first drill program at the Getty East uranium joint venture, with partner Denison Mines Corp. paying for the work. Find out why one analyst says exploration success now matters more than the uranium price.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Skyharbour Resources Ltd. has started the first drill program at the Getty East uranium joint venture in Saskatchewan's Athabasca Basin, with partner Denison Mines Corp. funding the work under its earn-in option.</li> <li>The program calls for about 3,600 meters of diamond drilling in 10 to 12 holes at the Little Man Zone and along the interpreted extension of the Middle Lake trend.</li> <li>Skyharbour holds 70% of Getty East and operates it. Denison holds 30% and can earn up to 70% by spending CA$15 million on exploration over seven years.</li> <li>The Little Man Zone was last drilled in 1989, remains open along strike.</li> <li>Getty East is one of four joint ventures created at Russell Lake after a December 2025 transaction. Together they span 73,239 hectares and border Denison's Wheeler River project.</li> <li>The work is part of a 2026 campaign of more than 15,000 meters at Russell Lake, with multiple phases complete and assays pending.</li> <li>Ventum Capital Markets rates Skyharbour a Buy with a CA$0.75 target, and Haywood Securities rates it a Buy with a CA$1 target.</li> <li>The long-term uranium price stood at US$96.50 per pound at the end of September, after passing a record that had stood for about 19 years.</li> </ul> <h2 dir="ltr" style="text-align: center;"><strong>The Drills Are Turning at Getty East, on Denison's Dime</strong></h2> <p dir="ltr"><span id="link_copy_6026"><a href="https://www.streetwisereports.com/pub/co/6026?utm_medium=feed" target="_blank" rel="noopener">Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE)</a></span> has started drilling at the Getty East uranium joint venture with partner <strong><span class="for_co_card_168">Denison Mines Corp. (DML:TSX; DNN:NYSEAMERICAN)</span></strong> in Saskatchewan's Athabasca Basin, <a href="https://www.skyharbourltd.com/news-media/news/skyharbour-commences-drilling-at-the-getty-east-uranium-joint-venture-with-partner-denison-mines-at-the-russell-lake-project-area" target="_blank" rel="noopener">the company said in an October 7 release</a>. It is the first drill program on the newly formed property.</p> <p dir="ltr">The program calls for about 3,600 meters (m) of diamond drilling in 10 to 12 holes. Skyharbour is the operator, and Denison is funding the work under its earn-in option. Four holes are planned first at the Little Man Zone, with six to eight more along the interpreted extension of the Middle Lake trend.</p> <p>"The commencement of drilling at Getty East is yet another milestone in the advancement of the broader Russell Lake project area with our strategic JV partner, Denison Mines," said President and Chief Executive Officer Jordan Trimble. "There is notable discovery potential across numerous target areas on the property, underpinned by uranium mineralization in previous drilling at the Little Man Zone as well as high-grade uranium in historical drilling along strike to the south of Getty East. This current drilling at Getty East is part of a larger planned +15,000-meter, multi-phased drill campaign at Russell in 2026, some of which has been completed with assays pending in addition to a final phase of drilling commencing soon at the Wheeler North JV."</p> <p dir="ltr">Skyharbour holds 70% of Getty East, and Denison holds 30%. Denison can raise its stake to as much as 70% by spending CA$15 million on exploration over seven years.</p> <h2 dir="ltr" style="text-align: center;"><strong>Undrilled Since 1989, Little Man Gets a Second Look</strong></h2> <p dir="ltr">The Little Man Zone is an unconformity-hosted uranium zone about 10 m to 15 m thick and 25 m to 35 m wide, traced along 500 m of strike. Historical grades there ran from 0.03% to 0.10% U₃O₈ (triuranium octoxide) at a depth of about 300 m. The zone was last drilled in 1989, remains open along strike, and has never been tested in the basement rock below, the company said.</p> <p dir="ltr">Skyharbour also plans to follow up on a 2015 ground resistivity survey. That work found resistivity lows at the unconformity, which the company interprets as alteration zones or breaches tied to graphitic fault zones.</p> <p dir="ltr">The second target area lies on the interpreted southward extension of the Middle Lake trend. This summer, EarthEX Geophysical Solutions Inc. ran about 36 line-kilometers of electromagnetic surveying across Getty East and the neighboring RL Claims to define conductors for drilling.</p> <p dir="ltr">Historical drilling in the 1980s on the adjacent property to the south returned 22.1% U₃O₈ over 0.9 m, 11.9% over 1.0 m, and 1.17% over 2.5 m. Those holes are outside Getty East, and Skyharbour's qualified person has not verified the results.</p> <h2 style="text-align: center;" align="center"><strong><span lang="EN-CA">Russell Lake Borders Denisons Wheeler River Project; Strategically Located Asset</span></strong></h2> <p dir="ltr">Getty East covers 3,105 hectares and is one of four joint ventures the companies created at Russell Lake after a December 2025 transaction. Skyharbour operates Getty East and RL Claims, and Denison operates Wheeler North and Wheeler River Inliers. <a href="https://www.streetwisereports.com/article/2026/09/29/uranium-supply-push-meets-skyharbours-athabasca-basin-portfolio.html?utm_medium=feed" target="_blank" rel="noopener">Denison's total consideration is up to CA$61.5 million, made up of CA$40 million in exploration spending and CA$21.5 million in cash and shares.</a></p> <blockquote class="callOut left" dir="ltr"><span lang="EN-CA">Ventum Capital Markets analyst Surya Sankarasubramanian rated Skyharbour a Buy with a CA$0.75 target.</span></blockquote> <p dir="ltr"><span lang="EN-CA">Together, the joint ventures span 73,293 hectares between the Key Lake and McArthur River operations of <strong><span class="for_co_card_173">Cameco Corp. (CCO:TSX; CCJ:NYSE)</span></strong>. They border Denison's Wheeler River project to the north, east, and south. The area has an exploration camp, highway access, and a connection to the provincial power grid, along with more than 35 kilometers of largely untested conductors.</span></p> <p dir="ltr">The Getty East work is part of a 2026 campaign of more than 15,000 m across Russell Lake. Some phases are complete with assays pending, and a final phase is due to start soon at Wheeler North. Skyharbour also planned 8,000 m to 10,000 m this year at its wholly owned Moore project, 15 kilometers east of Wheeler River, the company has said.</p> <p><span lang="EN-CA">Beyond those two projects, Skyharbour holds interests in 49 properties covering more than 736,000 hectares. If its partners complete their earn-ins, they would fund more than CA$79 million in exploration and pay the company more than CA$52 million in cash and shares.</span></p> <h2 dir="ltr" style="text-align: center;"><strong>For Analysts, the Drill Bit Matters More Than the Uranium Price</strong></h2> <p dir="ltr">Ventum Capital Markets analyst Surya Sankarasubramanian rated Skyharbour a Buy with a CA$0.75 target in a September 8 uranium sector update. He cited Skyharbour and Denison as ways to play a "transformed uranium thematic." Monthly average spot U₃O₈ prices rose 171% over five years to US$88 per pound (lb), he noted, while most uranium equities and major exchange-traded funds lagged the metal.</p> <p dir="ltr">With long-term contracts near US$96/lb and Ventum forecasting US$110/lb from 2031, he expects more modest commodity gains and sees stock selection and exploration success as increasingly important to returns. He called Skyharbour "the pre-eminent uranium exploration and prospect generator company in the Athabasca Basin."</p> <p dir="ltr">Sankarasubramanian said the prospect-generator model, the partnership with <strong><span class="for_co_card_11646">Purecore Metals Inc. (PURE:CSE; PPURF:OTCQB; J8Y:FSE)</span></strong>, and drilling at Russell Lake with Denison and at wholly owned Moore Lake make Skyharbour "a strong contender for future positive returns."</p> <h2 dir="ltr" style="text-align: center;"><strong>AI's Power Appetite Is Sending Big Tech to the Reactor</strong></h2> <p dir="ltr">The world's largest technology companies are now buying nuclear power directly. On October 6, <strong><span class="for_co_card_11361">Alphabet Inc. Class A's (GOOGL:NASDAQ)</span></strong> agreed to buy 890 megawatts (MW) of new nuclear output from <strong><span class="for_co_card_3861">Constellation Energy Corp. (CEG:NASDAQ)</span></strong> under a 20-year contract, along with 2,700 MW from Constellation's existing plants under a separate 15-year deal, <a href="https://siliconangle.com/2026/10/06/google-goes-nuclear-to-power-its-ai-data-centers-committing-to-purchase-890-megawatts-of-energy-from-constellation/" target="_blank" rel="noopener">Mike Wheatley reported for <em>SiliconANGLE</em></a>. Constellation plans to spend more than US$4.3 billion upgrading 11 reactors at six plants in Illinois, New Jersey, and Pennsylvania to supply the new power.</p> <p dir="ltr">Google's head of energy and power, Amanda Peterson Corio, said existing reactors can add capacity faster than new plants can be built, according to the report.</p> <p dir="ltr">The demand behind such deals is showing up in forecasts. Global electricity use is expected to grow an average of 3.6% a year from 2026 through 2030, <a href="https://www.iea.org/reports/electricity-2026/executive-summary" target="_blank" rel="noopener">the International Energy Agency said in its Electricity 2026 report</a>. In the United States, about half of the growth through 2030 comes from data centers. Nuclear generation set a record in 2025, the agency said, and is expected to keep rising through the end of the decade.</p> <p dir="ltr">Uranium prices reflect the shift. The long-term contract price stood at US$96.50 per pound at the end of September, and the spot price at US$89.63, <a href="https://www.cameco.com/invest/markets/uranium-price" target="_blank" rel="noopener">according to Cameco</a>, which averages figures from UxC and TradeTech. The long-term price recently passed its mid-2007 high of US$95, a record that had stood for about 19 years, <a href="https://247wallst.com/investing/2026/10/03/uranium-prices-just-broke-a-19-year-record-but-nuclear-stocks-are-collapsing-anyway/" target="_blank" rel="noopener">Rich Duprey wrote for <em>24/7 Wall St. on</em> October 3</a>.</p> <p dir="ltr">Equities have not kept pace. Duprey noted that uranium and nuclear stocks have fallen this year, and that utilities' long-term contracting was down about 15% from a year earlier as of August 31.</p> <p dir="ltr">Still, supply is tightening while buyers line up. <strong><span class="for_co_card_10227">Kazatomprom (NATKY:OTCMKTS; KAP:LSE)</span></strong> has delayed the startup of its sulfuric acid plant by six to 12 months, and Russia has banned exports of the acid, an input for uranium mining, through the end of the year, Duprey wrote. On the demand side, Google's agreement came a week after <strong><span class="for_co_card_10768">Amazon.com Inc. (AMZN:NASDAQ)</span></strong> announced a 20-year deal for 690 MW from Constellation's Calvert Cliffs plant in Maryland, with about US$3 billion in planned upgrades, according to SiliconANGLE.[OWNERSHIP_CHART-6026]</p> <h2 style="text-align: center;"><strong>Ownership and Share Structure¹</strong></h2> <p>Skyharbour has a market cap of CA$78.56 million, with 221.3 million shares outstanding. The company's 52-week range is CA$0.30-CA$0.66.</p> <p>Institutions own 29.8% of shares, while management and insiders own 3.13%. The remaining shares are retail.</p> <h2 style="text-align: center;">Common Questions from Investors</h2> <p dir="ltr"><strong>What did Skyharbour announce?</strong> On October 7, the company said it had started drilling at the Getty East uranium joint venture with Denison Mines Corp. It is the first drill program on the newly formed property, and Denison is funding it.</p> <p dir="ltr"><strong>What are the two target areas?</strong> Four holes are planned first at the Little Man Zone, which was last drilled in 1989. Six to eight more will test conductors along the interpreted southward extension of the Middle Lake trend.</p> <p dir="ltr"><strong>How is the Getty East joint venture structured?</strong> Skyharbour holds 70% and is the operator. Denison holds 30% and can raise its stake to as much as 70% by spending CA$15 million on exploration over seven years.</p> <p dir="ltr"><strong>What has historical drilling shown?</strong> Historical grades at the Little Man Zone ran from 0.03% to 0.10% U₃O₈ at a depth of about 300 m. Higher-grade results from the 1980s, including 22.1% U₃O₈ over 0.9 m, came from an adjacent property to the south and have not been verified by Skyharbour's qualified person.</p> <p dir="ltr"><strong>Where is Getty East?</strong> It covers 3,105 hectares in the Russell Lake project area, between Cameco's Key Lake and McArthur River operations. The Russell Lake joint ventures border Denison's Wheeler River project to the north, east, and south.</p> <p dir="ltr"><strong>How large is the 2026 drilling campaign?</strong> The Getty East work is part of more than 15,000 m planned across Russell Lake this year, with a final phase due to start soon at Wheeler North. Skyharbour also planned 8,000 m to 10,000 m at its wholly owned Moore project.</p> <p dir="ltr"><strong>What is the Denison transaction worth?</strong> Denison's total consideration across the four joint ventures is up to CA$61.5 million, made up of CA$40 million in exploration spending and CA$21.5 million in cash and shares.</p> <p dir="ltr"><strong>What do analysts say?</strong> Ventum's Surya Sankarasubramanian rates Skyharbour a Buy with a CA$0.75 target and sees exploration success as increasingly important to returns.</p> <p dir="ltr"><strong>What is the backdrop for uranium?</strong> Google agreed on October 6 to buy 890 MW of new nuclear output from Constellation Energy, and the International Energy Agency expects global electricity use to grow 3.6% a year through 2030. Uranium equities have lagged the price this year.</p> <p><span style="font-size: 1rem;"><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></span></p><p>Important Disclosures:</p><ol> <li>Skyharbour Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Alphabet Inc. Class A. and Amazon.com Inc.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32768"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32768" width="0" height="0"> <p>( Companies Mentioned: SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE, )</p> Fri, 09 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/08/uranium-one-catalysts-stack-up-as-long-term-uranium-prices-hit-a-record.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/08/uranium-one-catalysts-stack-up-as-long-term-uranium-prices-hit-a-record.html?utm_medium=feed">Streetwise Reports 10/12/2026</a></b> </p> Uranium One Mining Corp. (UUU:CSE; UUUFF:OTCPK; SL5:FSE) is awaiting a permit decision in Paraguay, the first Athabasca Basin survey results, and the closing of a property deal as long-term uranium prices sit at a record. Find out why one analyst says the company deserves a fresh look.<h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li>Uranium One is awaiting a prospection permit decision in Paraguay, where it received its final environmental licenses in February 2026.</li> <li>First results are pending from a Phase 1 geochemical survey at the Nucleon project in Saskatchewan's Athabasca Basin.</li> <li>A June agreement to acquire the Pasfield Lake and Foghorn properties still needs regulatory approval and would add about 27 million shares.</li> <li>The company raised about CA$3 million in May, including about CA$1.54 million in flow-through funds for Canadian exploration, and sold its Redonda copper property for CA$1.1 million in cash.</li> <li>The long-term uranium price has reached an all-time high, according to Sprott, as AI-driven electricity demand lifts interest in nuclear power.</li> </ul> <h2 dir="ltr" style="text-align: center;">A Paraguay Permit, Athabasca Results, and a Deal Still to Close</h2> <p dir="ltr"><span id="link_copy_11343"><a href="https://www.streetwisereports.com/pub/co/11343?utm_medium=feed" target="_blank" rel="noopener">Uranium One Mining Corp. (UUU:CSE; UUUFF:OTCPK; SL5:FSE)</a></span> is awaiting a prospection permit decision in Paraguay, first results from its Nucleon project in Saskatchewan's Athabasca Basin, and the closing of a deal that would add two Canadian properties.</p> <p dir="ltr">In <a href="https://uraniumone.com/news/paraguay-uranium-environmental-licences-vanguard/" target="_blank" rel="noopener">February</a>, the company received its final environmental licenses from Paraguay's environment ministry, MADES, bringing the total to four and covering all of its roughly 90,000-hectare Yuty Prometeo-San Jose uranium project. It applied at the same time to the Vice Ministry of Mining and Energy for a prospection permit, which it called "a critical step toward full-scale uranium exploration authorization across the project area." No decision has been announced. The company plans confirmatory drilling to verify historical exploration results.</p> <p dir="ltr">"These approvals meaningfully de-risk the project and reflect continued regulatory progress in Paraguay," Chief Executive Officer David Greenway said.</p> <p dir="ltr">At Nucleon, contractor Hardline Exploration Ltd. <a href="https://uraniumone.com/news/nucleon-uranium-project-exploration-athabasca/" target="_blank" rel="noopener">began</a> a Phase 1 lake-sediment geochemical survey in April across seven claims covering about 23,425 hectares. The survey is meant to map geochemical anomalies and rank targets for follow-up. The company expected to finish it in the second quarter and has not yet released results.</p> <p dir="ltr">Uranium One <a href="https://uraniumone.com/news/uranium-one-foghorn-pasfield-lake-acquisition/" target="_blank" rel="noopener">agreed in June</a> to acquire the Pasfield Lake uranium property in Saskatchewan and the Foghorn property in British Columbia, subject to regulatory approvals, including that of the Canadian Securities Exchange. <em>Streetwise Reports </em><a href="https://www.streetwisereports.com/article/2026/06/29/mining-firm-expands-large-canadian-uranium-property-portfolio.html?utm_medium=feed" target="_blank" rel="noopener">previously reported</a> that exploration at both would begin once the transactions close. A <a href="https://uraniumone.com/news/uranium-one-private-placement-closing-2026/">May private placement</a> included about CA$1.54 million from flow-through units, which must be spent on Canadian exploration.</p> <h2 dir="ltr" style="text-align: center;"><strong>New Ground, Fresh Cash, and an Exit From Copper</strong></h2> <p dir="ltr">Under the June agreement, Uranium One would issue 27,060,000 common shares to acquire 1583644 B.C. Ltd., the private company through which it would get both properties. Pasfield Lake is a prospecting permit of about 4,400 hectares, roughly 60 kilometers northwest of the Cigar Lake mine. Historical work in the broader area identified surface uranium occurrences, while modern exploration has been relatively limited, the company said. Foghorn comprises about 40 Crown-granted mineral claims covering approximately 614 hectares.</p> <p dir="ltr">"These strategic additions provide exposure to two prospective exploration districts and further strengthen our pipeline of high-potential uranium assets," Greenway said.</p> <p dir="ltr">On May 27, the company closed a non-brokered private placement for gross proceeds of about CA$3 million, selling 4,911,333 non-flow-through units and 5,116,669 flow-through units at CA$0.30 each. On June 1, it <a href="https://uraniumone.com/news/copper-one-redonda-copper-property-acquisition-bc/" target="_blank" rel="noopener">announced</a> the completed sale of its Redonda copper property in British Columbia to <span id="link_copy_11069"><a href="https://www.streetwisereports.com/pub/co/11069?utm_medium=feed" target="_blank" rel="noopener">Copper One Resources Corp. (CEXY:CSE; CEXYF:OTC; IW8:FRA)</a></span> for CA$1.1 million in cash.</p> <p dir="ltr">In April, it <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3029-cse/uuu/201798-vanguard-mining-corp-completes-definitive-agreement-to-acquire-100-of-quark-uranium-ltd.html" target="_blank" rel="noopener">closed its acquisition</a> of Quark Uranium Ltd., adding eight claims totaling about 28,746 hectares in the Athabasca Basin. It also <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3029-cse/uuu/201894-vanguard-mining-announces-effective-date-of-previously-announced-name-change-to-uranium-one-mining-corp-and-consolidation.html" target="_blank" rel="noopener">changed its name</a> from Vanguard Mining Corp. and consolidated its shares on a 3.5-for-1 basis, effective April 27.</p> <h2 dir="ltr" style="text-align: center;"><strong>Uranium Ground Next to Bigger Names in Saskatchewan and Paraguay</strong></h2> <p dir="ltr">Vancouver-based Uranium One explores for uranium in Canada and Paraguay and also holds the Pocitos 1 lithium brine project in Argentina. With Nucleon, Quark, and the pending Pasfield Lake property, it would hold about 56,600 hectares in or near the Athabasca Basin.</p> <p dir="ltr">Nucleon's western claims sit in a regional structural corridor that hosts the Patterson Lake South deposit, now owned by <strong><span class="for_co_card_138">Paladin Energy Ltd. (PDN:TSX; PDN:ASX)</span></strong>, and <strong><span class="for_co_card_6045">NexGen Energy Ltd.'s (NXE:TSX; NXE:NYSE)</span></strong> Arrow deposit, according to the company. NexGen <a href="https://www.newsfilecorp.com/release/286359" target="_blank" rel="noopener">said on March 5</a> that the Canadian Nuclear Safety Commission issued its license to prepare the site and construct the Rook I project. NexGen officially began construction in August, launching a four-year construction program. Paladin <a href="https://www.miningweekly.com/article/paladin-gets-environment-nod-for-patterson-lake-south-2026-02-20" target="_blank" rel="noopener">said in February</a> that Saskatchewan's environment minister approved the environmental impact statement for Patterson Lake South. Uranium One cautions that mineralization on nearby properties is not necessarily indicative of mineralization on its own.</p> <p dir="ltr">The Paraguay project is adjacent to <strong><span class="for_co_card_402">Uranium Energy Corp.'s (UEC:NYSEAMERICAN)</span></strong> Yuty project, which the company said hosts an indicated resource of 8.96 million pounds of U₃O₈, citing a July 2022 technical report. Historical records reference 27 drill holes on the Prometeo concession, with downhole logging indicating uranium in seven. Paraguay and the United States <a href="https://www.latintimes.com/us-paraguay-sign-civil-nuclear-pact-washington-courts-key-south-american-ally-598432" target="_blank" rel="noopener">signed a memorandum of understanding</a> on civil nuclear cooperation on August 4. An energy specialist <a href="https://www.abc.com.py/economia/2026/07/30/experto-alerta-que-paraguay-corre-contra-el-reloj-ante-crisis-energetica-para-2030/" target="_blank" rel="noopener">told <em>ABC Color</em></a> in July that domestic consumption could reach the limit of the country's hydroelectric output by 2030.</p> <p dir="ltr">None of the company's uranium projects have mineral resources, and all are at an early stage. The company has about 40 million shares outstanding, and the pending acquisition would add about 27 million more.</p> <div> <div tabindex="0" role="article" aria-setsize="107" aria-posinset="107" aria-label="Message 107 of 107"> <h2 dir="ltr" style="text-align: center;">AI's Appetite for Power Lifts Uranium Contract Prices to a Record</h2> </div> </div> <p dir="ltr">Data center electricity consumption is set to more than double to around 945 terawatt-hours by 2030, the International Energy Agency said in its <a href="https://www.iea.org/reports/energy-and-ai/executive-summary" target="_blank" rel="noopener">Energy and AI report</a>, calling artificial intelligence "the most important driver of this growth." <strong><span class="for_co_card_11362">Meta Platforms Inc. (META:NASDAQ)</span></strong> said in January that recent agreements would support up to 6.6 gigawatts of new and existing nuclear capacity by 2035, <a href="https://world-nuclear-news.org/articles/meta-announces-landmark-agreements-for-new-nuclear" target="_blank" rel="noopener">World Nuclear News reported</a>.</p> <p dir="ltr">Spot uranium ended September at US$89.63 per pound and the long-term price at US$96.50 per pound, <a href="https://www.cameco.com/invest/markets/uranium-price" target="_blank" rel="noopener">according to <strong><span class="for_co_card_173">Cameco Corp. (CCO:TSX; CCJ:NYSE)</span></strong></a>, which averages month-end prices from UxC and TradeTech. Sprott's Jacob White <a href="https://sprott.com/insights/record-term-prices-mark-a-new-phase-for-uranium/" target="_blank" rel="noopener">wrote on September 24</a> that the long-term price had reached an all-time high.</p> <p dir="ltr">"Rising electricity consumption, including from data centers and artificial intelligence, is increasing the value of reliable, around-the-clock nuclear generation," White wrote.</p> <h2 dir="ltr" style="text-align: center;"><strong>Analyst Says Permits and Chart Momentum Earn a Fresh Look</strong></h2> <p dir="ltr">¹In a <a href="https://www.streetwisereports.com/article/2026/02/25/expanding-a-strategic-footprint-as-the-chart-turns-higher.html?utm_medium=feed" target="_blank" rel="noopener">February 25 report</a>, John Newell of John Newell &amp; Associates maintained a Speculative Buy rating on the company, then named Vanguard Mining Corp. He cited the expansion of its South American uranium footprint, the receipt of environmental permits in Paraguay, and a technical breakout in the shares.</p> <p dir="ltr">"When a junior begins to align operational progress with technical momentum, it deserves a fresh look," Newell wrote. He called permitting progress "often the gating factor between a conceptual exploration story and a credible development pathway." [OWNERSHIP_CHART-11343]</p> <h2 style="text-align: center;"><strong>Ownership and Share Information²</strong></h2> <p>Uranium One Mining Corp. has a market cap of about CA$6.84 million, based on 40.25 million shares outstanding and the October 9 close of CA$0.17 on the CSE. On a fully diluted basis, which adds about 10.78 million warrants and options, the company has about 51.03 million shares. Most of those warrants are exercisable at CA$0.50.<br /><br />The pending Pasfield Lake and Foghorn acquisition would add 27.06 million shares. That would take the share count to about 67.31 million basic, or 78.09 million fully diluted.<br /><br />The stock's 52-week range is CA$0.165&ndash;CA$2.31, adjusted for the 3.5-for-1 share consolidation that took effect on April 27, 2026.<br /><br />Institutions own 0.01% of shares, and management and insiders own 4.64%. The rest is held by retail investors.</p> <h2 style="text-align: center;">Common Questions from Investors</h2> <p dir="ltr"><strong>What is Uranium One waiting on? </strong>A prospection permit decision in Paraguay, first results from its Nucleon project in the Athabasca Basin, and the closing of a deal to acquire two Canadian properties.</p> <p dir="ltr"><strong>Where does the Paraguay permit stand? </strong>The company received its final environmental licenses in February 2026, for a total of four covering its roughly 90,000-hectare Yuty Prometeo-San Jose project. It applied at the same time for a prospection permit, and no decision has been announced.</p> <p dir="ltr"><strong>What are the company's main assets? </strong>The Nucleon and Quark projects in Saskatchewan's Athabasca Basin, the Yuty Prometeo-San Jose uranium project in Paraguay, and the Pocitos 1 lithium brine project in Argentina. The Pasfield Lake and Foghorn properties are pending.</p> <p dir="ltr"><strong>What would the pending acquisition add? </strong>Pasfield Lake, a prospecting permit of about 4,400 hectares, roughly 60 kilometers northwest of the Cigar Lake mine, and Foghorn, about 614 hectares in British Columbia. Uranium One would issue 27,060,000 shares, and the deal is subject to regulatory approvals.</p> <p dir="ltr"><strong>How is exploration being funded? </strong>A May private placement raised about CA$3 million, including about CA$1.54 million from flow-through units that must be spent on Canadian exploration. The company also sold its Redonda copper property for CA$1.1 million in cash.</p> <p dir="ltr"><strong>What is happening in the uranium market? </strong>Spot uranium ended September at US$89.63 per pound and the long-term price at US$96.50 per pound, according to Cameco. Sprott's Jacob White wrote that the long-term price had reached an all-time high.</p> <p dir="ltr"><strong>What are the main risks? </strong>None of the uranium projects have mineral resources, and all are at an early stage. The company cautions that mineralization on nearby properties is not necessarily indicative of mineralization on its own, and the pending acquisition would add about 27 million shares to about 40 million outstanding.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>Uranium One Mining Corp. and Copper One Resources Corp. are billboard sponsors of Streetwise Reports. They pay a monthly sponsorship fee of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Uranium One Mining Corp. and Copper One Resources Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1.</strong><strong> Disclosure for the quote from the John Newell article published on February 25, 2026</strong></p> <ol start="1" type="1"> <li>For the quoted article published on February 25, 2026, Uranium One paid Street Smart, an affiliate of Streetwise Reports, US$3,050.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> <p><strong>John Newell Disclaimer</strong></p> <p>As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.</p> <p><strong>2. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32754"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32754" width="0" height="0"> <p>( Companies Mentioned: UUU:CSE; UUUFF:OTC; SL5:FWB, )</p> Mon, 12 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/09/30/uranium-production-jumps-157-as-costs-fall-and-a-second-us-mine-ramps-up.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/09/30/uranium-production-jumps-157-as-costs-fall-and-a-second-us-mine-ramps-up.html?utm_medium=feed">Streetwise Reports 09/30/2026</a></b> </p> Uranium Energy Corp. (UEC:NYSEAMERICAN) reports fiscal 2026 results with 157% Q4 production growth, peer-leading unhedged sales at US$93.13/lb, and US$753 M liquid assets. <h2 style="text-align: center;">Key Investor Takeaways</h2> <ul> <li> <p><strong>Uranium Energy Corp. entered fiscal 2027 as a multi-mine U.S. uranium producer</strong>, with production underway at Christensen Ranch in Wyoming and Burke Hollow in Texas, while wellfield construction continued at Ludeman.</p> </li> <li> <p><strong>Fourth-quarter uranium production jumped 157% to 82,744 pounds of U₃O₈</strong>, up from 32,195 pounds in the prior quarter, while Total Cost per Pound fell 33% to US$36.54.</p> </li> <li> <p><strong>Christensen Ranch uranium production doubled to 65,392 pounds</strong>, while Total Cash Cost per Pound declined to US$28.38 and Total Cost per Pound fell 35% to US$35.63.</p> </li> <li> <p><strong>Burke Hollow completed its first full quarter of uranium production</strong>, producing 17,352 pounds of U₃O₈ as UEC continued the ramp-up of its South Texas hub-and-spoke ISR operations.</p> </li> <li> <p><strong>UEC reported US$753 million in liquid assets, including US$495 million in cash, with no debt</strong>, entering fiscal 2027 with what the company described as the ability to fund its ongoing growth.</p> </li> <li> <p><strong>Uranium sales generated US$37.3 million in fiscal 2026 revenue and US$16.9 million in gross profit</strong>, with 400,000 pounds sold at a weighted average realized uranium price of US$93.13 per pound.</p> </li> <li> <p><strong>U.S. government uranium demand remains a central focus</strong>, with an NNSA request outlining potential requirements for 4 million pounds of unobligated U.S.-origin U₃O₈ annually, with deliveries beginning as early as 2030.</p> </li> <li> <p><strong>Multiple uranium project catalysts extend into 2027</strong>, including additional Christensen Ranch production, Ludeman wellfield construction, Sweetwater drilling and permitting, the Roughrider pre-feasibility study, and a UR&amp;C Class IV cost estimate expected by mid-2027.</p> </li> </ul> <div> <h2 style="text-align: center;">Uranium Producer Reports 157% Quarterly Production Jump as Costs Fall</h2> <p><strong><span class="for_co_card_402">Uranium Energy Corp. (UEC:NYSEAMERICAN) </span></strong>reported<a href="https://www.uraniumenergy.com/news/releases/index.php?content_id=1141" target="_blank" rel="noopener"> fiscal 2026 results showing increased fourth-quarter uranium production, lower per-pound costs, the start of production at Burke Hollow, and continued development across its U.S. uranium operations.</a></p> <p>Combined fourth-quarter production from Christensen Ranch and Burke Hollow totaled 82,744 pounds of precipitated uranium and dried and drummed U₃O₈, up 157% from 32,195 pounds in the third quarter. Total Cash Cost per Pound was US$30.01, while Total Cost per Pound was US$36.54.</p> <p>At Christensen Ranch, fourth-quarter production doubled to 65,392 pounds of precipitated uranium and dried and drummed U₃O₈. Total Cash Cost per Pound declined to US$28.38 from US$46.69 in the third quarter, while Total Cost per Pound fell to US$35.63 from US$54.61.</p> <p>Burke Hollow completed its first full quarter of operation, producing 17,352 pounds of precipitated uranium and dried and drummed U₃O₈. Total Cash Cost per Pound was US$36.13, and Total Cost per Pound was US$39.93. Production during the quarter was limited to a small section of the first production area as UEC worked to establish operating parameters ahead of expansion across the full wellfield.</p> <p>For fiscal 2026, UEC produced 229,294 pounds of precipitated uranium and dried and drummed U₃O₈ at a Total Cash Cost per Pound of US$34.24 and Total Cost per Pound of US$39.94. Production since commissioning through the end of the fiscal year totaled 359,260 pounds.</p> <p>"In fiscal 2026, UEC became a multi-mine uranium producer," <a href="https://www.uraniumenergy.com/news/releases/index.php?content_id=1141" target="_blank" rel="noopener">President and CEO Amir Adnani said</a>. "Twelve months ago, we were producing from a single mine in Wyoming. Today, we are producing from two mines in two states, are well along the way in building a third at Ludeman, have grown our operating team to more than 250 people, and have doubled drilling capacity."</p> <p>UEC reported fiscal 2026 revenue of US$37.3 million and gross profit of US$16.9 million after selling 400,000 pounds from inventory at a weighted average realized price of US$93.13 per pound. The company said it believed that the realized price was the highest among publicly traded uranium producers.</p> <p>As of July 31, 2026, UEC reported US$753 million in liquid assets, including US$495 million in cash, and no debt. Its uranium inventory included 1,256,000 pounds of U₃O₈ valued at US$109 million at current market prices, excluding 359,260 pounds of precipitated uranium and dried and drummed U₃O₈ at the Irigaray and Hobson central processing plants.</p> <p>"Our unhedged sales strategy delivered a weighted average realized price of $93.13 per pound, which we believe is the highest among publicly traded uranium producers," Adnani said. "Consistent with our strategy over many quarters, we continue to hold most of our inventory, and that approach is being rewarded as the market tightens."</p> <p>The company also addressed potential U.S. government demand for unobligated U.S.-origin uranium. A National Nuclear Security Administration Request for Information outlined requirements for 4 million pounds of U₃O₈, or 1,500 metric tonnes of uranium as UF6, annually, with deliveries beginning as early as 2030 and requirements extending through the 2040s. UEC said its response affirmed that it was positioned to fully support the NNSA's U₃O₈ requirements as production in Texas and Wyoming ramps up.</p> <p>The U.S. Army announced on August 26 that five nuclear reactor developers had been selected to receive up to a combined US$2.2 billion to own, construct, and operate nuclear microreactors at five military installations. The Army anticipated deployment of more than 20 microreactors through the Janus Program, all requiring unobligated U.S.-origin uranium and conversion services.</p> <p>UEC's United States Uranium Refining &amp; Conversion Corp. also advanced its planned uranium conversion facility during fiscal 2026. Working with Fluor Enterprises, UR&amp;C completed core execution plans, assembled a dedicated 63-member project team, began preparing its U.S. Nuclear Regulatory Commission license application, and progressed with site selection.</p> <p>"Through UR&amp;C, we are building America's only vertically integrated uranium company, from mining and processing to refining and conversion," Adnani said.</p> <h2 style="text-align: center;">Uranium Sector Investment and Nuclear Capacity Growth</h2> <p><a href="https://www.iaea.org/newscenter/pressreleases/adequate-uranium-resources-available-but-sustained-investment-essential-to-support-global-nuclear-capacity-growth" target="_blank" rel="noopener">According to a September 14 report from the OECD Nuclear Energy Agency and International Atomic Energy Agency</a>, global interest in new nuclear energy capacity had contributed to increased uranium exploration and mine development spending. The agencies' Uranium 2026: Resources, Production and Demand report found that 418 commercial nuclear reactors were operating worldwide as of January 1, 2025, representing 378 GW(e) of net generating capacity and requiring about 64,500 tU annually. The report projected that annual uranium requirements could reach approximately 84,800 tU to 143,900 tU by 2050 under its nuclear capacity growth scenarios.</p> <p>The NEA and IAEA reported that identified uranium resources recoverable below US$260/kgU, or US$100/lb U₃O₈, exceeded 8.1 million tU globally, 2.1% above the previous edition. The agencies said those identified resources were sufficient to meet the highest projected uranium demand through 2050, while emphasizing the investment required to convert resources into production.</p> <p>"Converting these resources into production will require timely, substantial, and sustained investment," the report stated. Uranium mining projects typically require 15 to 20 years to progress through development, making project identification, permitting, and advancement in the near to medium term important to reducing the risk of future supply constraints and disruptions.</p> <blockquote class="callOut left">BMO analyst Alexander Pearce rated Uranium Energy Corp. "Market Perform" with a US$11.00 target price.</blockquote> <p>Uranium production and exploration activity had also increased. Global uranium production rose approximately 20% across 2023 and 2024 compared with the preceding two years, exceeding 116,000 tU in total. Production reached 61,924 tU in 2024, its highest level since 2016. Exploration and development expenditures exceeded US$1.78 billion during 2023 and 2024, approximately 46% higher than in 2021 and 2022. Despite increased exploration drilling and several uranium projects receiving regulatory approvals and advancing toward development, the report noted that "no new uranium mining projects have begun production."</p> <p><a href="https://www.energyintel.com/000001a0-c3e4-db50-abfd-c3e794080000" target="_blank" rel="noopener"><em>Energy Intelligence</em> reported on September 25 that uranium prices had continued rising for a fifth consecutive year</a> as new types of uranium investment vehicles entered the market. The publication said, "Two companies are starting up new uranium investment vehicles as uranium prices continue their rise for the fifth year in a row." According to the report, the new vehicles had been designed to more closely track uranium spot prices than existing funds and to allow uranium purchased by the vehicles to return to the market.</p> <p><a href="https://etfdb.com/gold-silver-investing-content-hub/nuclear-energy-ambitions-growth/" target="_blank" rel="noopener">A September 28 report from the Gold/Silver/Critical Minerals Content Hub</a> said uranium mining equities had risen recently alongside uranium pricing and renewed commitments surrounding global nuclear capacity. Citing Jacob White, CFA, director of ETF product management at Sprott Asset Management, the report said the VettaFi Global Uranium Mining Index had gained 17.29% during the month ended August 31, while the Nasdaq Sprott Junior Uranium Miners Index had increased 19.20% over the same period.</p> <p>White attributed the August performance to uranium spot and term pricing and said momentum had continued into September around the World Nuclear Symposium and uranium contracting season. The report said 39 countries had pledged to at least triple nuclear energy capacity by 2050, while White described a shift from support for nuclear expansion toward the financing and fuel requirements associated with that expansion.</p> <p>"The central message from London was therefore that the industry is beginning to confront what it will take to deliver the targeted growth, and that uranium sits at the front of that process," White said. "The market is entering its seasonally active period with record term prices, extensive uncovered requirements, and producers maintaining negotiating discipline."</p> <div> <div> <h2 style="text-align: center;">Analysts Assess Uranium Energy as Production Ramp-Up Draws Focus</h2> <p>In a September 29 research note, BMO analyst Alexander Pearce rated Uranium Energy Corp. "Market Perform" with a US$11.00 target price and cited a 19% total return.</p> <p>Pearce wrote, "On balance, UEC's FQ4/26 update missed expectations overall." He noted that Irigaray production had improved significantly quarter over quarter but had come in 5% below BMO's estimate, while the Texas Hub had completed its first full quarter of production at a slower pace than expected. Looking forward, Pearce stated, "With two hubs now operational, we expect production and sales volumes to increase, underpinning a positive cash flow trajectory. But consistency in the ramp-up is key to de-risking the outlook."</p> <p>Pearce also addressed the early stage of the Texas production ramp-up, writing, "While lagging our forecast of 39klb, we note variability is to be expected during the early stages of ramp-up." BMO noted that the company had ended the period with US$495 million in cash and no debt.</p> <p>ROTH Managing Director and Senior Research Analyst Joe Reagor reiterated a Buy rating and US$17.00 price target in a September 30 report. Reagor described the fiscal fourth-quarter results as mixed compared with ROTH's estimates and overall slightly negative, but stated, "However, our outlook for the company and the uranium market remain positive."</p> <blockquote class="callOut right">ROTH Managing Director and Senior Research Analyst Joe Reagor reiterated a Buy rating and US$17.00 price target.</blockquote> <p>On production, Reagor noted that UEC had produced 82,744 pounds of uranium compared with ROTH's estimate of 110,000 pounds, while production had still increased significantly from the prior quarter, and operating costs had improved significantly.</p> <p>"We believe UEC will continue to see significant production increases as new header houses come online," Reagor wrote. He also expected UEC to provide an initial production timeline for Ludeman in the coming quarters. Reagor said the quarterly results had not significantly affected ROTH's valuation and reiterated the US$17.00 target and Buy rating.</p> <p>Also on September 30, H.C. Wainwright analysts Heiko F. Ihle, CFA, and Case Bongirne reiterated a Buy recommendation and US$26.75 price target. They wrote, "We see UEC's increase in uranium production as promising and plan to closely monitor operations over the next few quarters before treating the current cost and production levels as sustainable." The analysts also stated that they remained confident in management's ability to fund the uranium initiatives ramp-up, noting approximately US$753.0 million in liquid assets and no debt at fiscal year-end.</p> <p>Ihle and Bongirne stated, "We remain bullish on uranium production even as we still place greater emphasis on near-term production growth." They identified production from four newly approved Christensen Ranch header houses as immediate cash-flow catalysts and also cited expansion at Burke Hollow, construction progress at Ludeman, Sweetwater's permitting timeline, and Roughrider's planned Pre-Feasibility Study. They described Ludeman's advancement toward production as "a key catalyst."</p> <p>The analysts also addressed UEC's planned uranium conversion facility, writing, "Refining and conversion offer longer-term upside." They said the proposed facility remained in development and planned to monitor licensing, project costs, funding, and construction before assigning additional value to the conversion opportunity. Ihle and Bongirne reiterated their Buy recommendation and US$26.75 price target, with their valuation based on a discounted cash flow analysis of future operations.</p> </div> <div> <div> </div> </div> </div> <h2 style="text-align: center;">Uranium Production Ramp-Up, Permitting, and Project Development Set the Next Milestones</h2> <p>At Christensen Ranch, UEC entered fiscal 2027 with additional production infrastructure approaching startup. Final regulatory approvals were issued on September 28, 2026, for four header houses, with production expected to begin at the newly approved facilities in the coming weeks. Three additional header houses were under construction. <a href="https://www.uraniumenergy.com/_resources/presentations/UEC-Q4-Presentation-2026.pdf?v=100109" target="_blank" rel="noopener">The company presentation </a>said production at Christensen Ranch had doubled during the fourth quarter to 65,392 pounds of precipitated uranium and dried and drummed U₃O₈, while Total Cost per Pound had declined 35% from the prior quarter.</p> <p>Development was also continuing at the Ludeman satellite project in Wyoming. Monitoring, injection, and recovery wells in the initial wellfield were under construction. Engineering for the satellite ion-exchange plant had advanced, long-lead-time equipment was being procured, and civil engineering for the plant pad had been completed. The presentation listed Ludeman with 9.7 million pounds of measured and indicated resources and 1.3 million pounds of inferred resources.</p> <p>UEC's Burke Hollow uranium operation remained in its ramp-up phase. The presentation said the first uranium-loaded resin shipment reached the Hobson central processing plant in mid-May and that resin transfer, elution, precipitation, drying, and packaging had been commissioned. The initial production activity covered 126 injection and recovery wells in a small section of the first production area, where operating parameters were being established.</p> <p>Sweetwater provided several dated development and permitting milestones. The FAST-41 Permitting Dashboard anticipated completion of the Environmental Assessment in March 2027 and approval of the Plan of Operations in May 2027. Environmental baseline studies had been largely completed during the quarter. Additional drilling was planned for the first quarter of fiscal 2027 following drilling at Sweetwater North that identified mineralization trends supporting continued delineation. The planned drilling was intended to advance wellfield design for the first two production areas, while UEC continued work on refurbishment requirements for the Sweetwater Mill for conventional and ISR operations.</p> <p>At Roughrider in Saskatchewan, the pre-feasibility study was progressing following completion of an expanded 36,000-meter diamond drilling program designed to support resource conversion and the PFS. Geotechnical drilling for a future tailings management facility had also been completed. In August 2026, UEC entered into a Definition Study Agreement with Saskatchewan Power Corporation to advance engineering, environmental assessment, and community engagement work for a high-voltage transmission line connection to the Roughrider Project. [OWNERSHIP_CHART-402]</p> <p>UR&amp;C represented another scheduled development program. The company was advancing toward a Class IV cost estimate expected in mid-2027 while preparing its U.S. Nuclear Regulatory Commission license application. The project had completed core execution plans, assembled a combined 63-person dedicated project team with Fluor, and progressed site selection. UEC said the planned conversion operation was being positioned around U.S. technology intended to meet government requirements for unobligated U.S.-origin uranium.</p> <p>Together, UEC's presentation identified continued production ramp-up in Texas and Wyoming, development at Sweetwater and Roughrider, and advancement of UR&amp;C among the company's ongoing programs entering fiscal 2027.</p> <h2 style="text-align: center;"><strong>Ownership &amp; Share Information¹</strong></h2> <p>Uranium Energy Corp. has a market cap of approximately US$4.68 billion, with 495.58 million shares outstanding. The company's 52-week range is US$8.905-US$20.34.</p> <p>Institutions own 84.61% of shares, while Management &amp; Insiders own 1.75%. The remaining 13.64% of shares are held by Retail.</p> <h2 style="text-align: center;"><strong>Uranium Energy Corp. FAQs</strong></h2> <p><strong>What were Uranium Energy Corp.'s fiscal 2026 uranium production results?</strong><br />Uranium Energy Corp. produced 229,294 pounds of precipitated uranium and dried and drummed U₃O₈ during fiscal 2026. Combined fourth-quarter production reached 82,744 pounds, up 157% from 32,195 pounds in the third quarter.</p> <p><strong>How much uranium did Uranium Energy produce at Christensen Ranch?</strong><br />Christensen Ranch produced 65,392 pounds of precipitated uranium and dried and drummed U₃O₈ during the fourth quarter, double the prior quarter's production. Total Cash Cost per Pound was US$28.38, and Total Cost per Pound was US$35.63.</p> <p><strong>How much uranium did Burke Hollow produce?</strong><br />Burke Hollow produced 17,352 pounds of precipitated uranium and dried and drummed U₃O₈ during its first full quarter of operation. Total Cash Cost per Pound was US$36.13, and Total Cost per Pound was US$39.93.</p> <p><strong>What were Uranium Energy Corp.'s fiscal 2026 revenue and uranium sales?</strong><br />UEC generated fiscal 2026 revenue of US$37.3 million and gross profit of US$16.9 million after selling 400,000 pounds from inventory at a weighted average realized uranium price of US$93.13 per pound.</p> <p><strong>How much cash and liquidity does Uranium Energy Corp. have?</strong><br />As of July 31, UEC reported US$753 million in liquid assets, including US$495 million in cash, with no debt.</p> <p><strong>How much uranium inventory does Uranium Energy Corp. hold?</strong><br />As of July 31, UEC held 1,256,000 pounds of U₃O₈ inventory valued at US$109 million at the then-current market prices. That figure excluded 359,260 pounds of precipitated uranium and dried and drummed U₃O₈ at the Irigaray and Hobson central processing plants.</p> <p><strong>What are the next catalysts for Uranium Energy Corp. stock?</strong><br />The company's stated upcoming and ongoing milestones included additional production from newly approved Christensen Ranch header houses, continued Ludeman wellfield construction, Burke Hollow ramp-up, Sweetwater drilling and permitting, advancement of the Roughrider pre-feasibility study, and a UR&amp;C Class IV cost estimate expected by mid-2027.</p> <p><strong>What is happening at Uranium Energy Corp.'s Sweetwater uranium project?</strong><br />The FAST-41 Permitting Dashboard anticipated completion of the Environmental Assessment in March 2027 and approval of the Plan of Operations in May 2027. Additional Sweetwater North drilling was planned for the first quarter of fiscal 2027 to advance wellfield design for the first two production areas.</p> <p><strong>What is the latest update on Uranium Energy Corp.'s Roughrider uranium project?</strong><br />UEC completed an expanded 36,000-meter diamond drilling program to support resource conversion and the planned Roughrider pre-feasibility study. Preparation of the PFS was progressing, and geotechnical drilling for a future tailings management facility had also been completed.</p> <p><strong>What is Uranium Energy Corp. doing in uranium refining and conversion?</strong><br />Through United States Uranium Refining &amp; Conversion Corp., UEC was advancing a planned uranium conversion facility. Work included preparation of a U.S. Nuclear Regulatory Commission license application, site selection, and development of a Class IV cost estimate expected by mid-2027.</p> <p><strong>How could the U.S. government's uranium demand affect the domestic uranium sector?</strong><br />An NNSA Request for Information outlined potential requirements for 4 million pounds of unobligated U.S.-origin U₃O₈ annually, with deliveries beginning as early as 2030. The U.S. Army also anticipated deploying more than 20 microreactors through its Janus Program, requiring unobligated U.S.-origin uranium and conversion services.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p> </div><p>Important Disclosures:</p><ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32711"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32711" width="0" height="0"> <p>( Companies Mentioned: UEC:NYSEAMERICAN, )</p> Wed, 30 Sep 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/01/greenland-oil-drilling-moves-closer-after-government-approved-environmental-work.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/01/greenland-oil-drilling-moves-closer-after-government-approved-environmental-work.html?utm_medium=feed">Streetwise Reports 10/01/2026</a></b> </p> Greenland Energy Co. (GLND:NASDAQ) updates its farm-out agreement with 80 Mile, completes its 2026 environmental baseline surveys, and advances permitting for Jameson Land Basin exploration, with the company working toward a targeted permit timeline for winter 2027<h2 style="text-align: center;"><strong>Key Investor Takeaways</strong></h2> <ul> <li> <p><strong><span class="for_co_card_11729">Greenland Energy Co. (GLND:NASDAQ)</span> completed its government-approved 2026 environmental baseline field program at the Jameson Land Project</strong>, adding baseline data for the ongoing Environmental Impact Assessment and permitting process toward exploration drilling.</p> </li> <li> <p><strong>The Jameson Land environmental program covered proposed well locations and the coastal landing site</strong>, including soil and freshwater sampling, vegetation and habitat studies, and wildlife and bird activity monitoring.</p> </li> <li> <p><strong>Exploration drilling remained the central upcoming milestone in the company's June 2026 plan</strong>, which identified Phase I drilling at OPW1 for Q4 2026 and OPW6 for Q1 2027. The presentation cautioned that the schedule was based on current cost estimates and additional capital could be required.</p> </li> <li> <p><strong>Greenland Energy described its Phase I Jameson Land exploration program as fully funded</strong>, with approximately US$81 million in gross capital raised during the preceding 12 months. The company estimated costs of US$40 million for Well 1 and US$20 million for Well 2.</p> </li> <li> <p><span style="box-sizing: border-box; margin: 0px; padding: 0px;"><strong>Infrastructure and drilling preparations included equipment transport, rig preparation, planned beach landing operations, and planned construction of a three-mile inland road</strong>, while the company said Halliburton, IPT, and Stampede Drilling were mobilizing personnel and equipment for OPW1 and OPW6.</span></p> </li> <li> <p><strong>The Jameson Land license position covered approximately 2.1 million acres across three exclusive licenses and contained 58 identified prospective drill sites.</strong> The presentation cited a Sproule-ERCE estimate of up to approximately 13.0 billion barrels of gross un-risked 3U prospective recoverable oil, which was unconfirmed by drilling and carried no assurance of commercial discovery.</p> </li> </ul> <h2 style="text-align: center;">Environmental Baseline Program Completed at Jameson Land Ahead of Planned Drilling</h2> <p><strong><span class="for_co_card_11729">Greenland Energy Co. (GLND:NASDAQ)</span></strong> confirmed <a href="https://www.prnewswire.com/news-releases/greenland-energy-company-confirms-government-approved-environmental-baseline-program-completed-in-jameson-land-302891179.html" target="_blank" rel="noopener">the completion of its 2026 environmental baseline field program at the Jameson Land Project in East Greenland, advancing work in the permitting process toward exploration drilling.</a></p> <p>Greenland's Ministry of Business and Mineral Resources issued field activity approvals on August 19, 2026, to White Flame Energy A/S, the license holder, for activities under OEEL 2015/13 and OEEL 2015/14 through September 30, 2026.</p> <p>The government-approved environmental program included soil and freshwater sampling, vegetation and habitat studies, and the recording of wildlife and bird activity across the project area. The work focused on the proposed well locations as well as the coastal landing site.</p> <p>According to Greenland Energy, the 2026 surveys added to environmental work previously completed at Jameson Land and provided additional baseline data for the ongoing Environmental Impact Assessment and permitting process.</p> <p>Experienced environmental consultants conducted the field program with support from Greenland-focused geoscientists and local hunters employed as wildlife safety guards. Crews operated daily from Nerlerit Inaat (Constable Point) under environmental requirements and conditions established by Greenlandic authorities.</p> <p>"There is no shortcut through Greenland's regulatory process, and we are going to continue the process one day and one step at a time," Executive Chairman Larry G. Swets, Jr. said. "The work our teams completed in Jameson Land is exactly what the process requires: careful, government-approved environmental science, done with local people, before any drilling decision is made. We will continue to share our plans with the authorities and with the community."</p> <p>The company said completion of the government-approved 2026 environmental baseline field program marked further progress toward exploration drilling at Jameson Land.</p> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <h2 style="text-align: center;">Oil Sector Faces Elevated Prices as Global Flows Recover</h2> <p>The global oil market remained focused on elevated fuel prices, supply conditions, and the recovery of crude flows at the end of September. <a href="https://www.ft.com/content/0d74d66a-a9ee-4c22-83ab-9df6452117de?syn-25a6b1a6=1" target="_blank" rel="noopener">According to a September 30<em> Financial Times </em>report,</a> U.S. oil and gas executives surveyed by the Federal Reserve Bank of Dallas expected elevated diesel prices to persist. Almost half of the 100 oil and gas companies surveyed expected diesel prices to take more than four quarters to return to 2025 levels. One oil and gas support services respondent said, "Diesel is the mother's milk of the economy," adding, "We are just starting to see the impact on the wider economy."</p> <blockquote class="callOut left">According to a September 21 <em>CNBC</em> report by Sam Meredith, Greenland Energy shares rose 159% after the United States and Denmark reached an agreement on security arrangements in Greenland.<em> </em></blockquote> <p><em>The Financial Times</em> reported that U.S. diesel had reached a record US$6.50 per gallon earlier in September, exceeding the previous peak set in 2022.</p> <p>The report attributed pressure on fuel supplies to disruptions involving the Middle East and Russian refining capacity. A Dallas Fed survey participant said, "I don't think Russian diesel exports will resume any time soon, and China may hold the refining cards and ability to supply."</p> <p>Claudio Galimberti, chief economist at Rystad Energy, also addressed the potential effects of restrictions on U.S. diesel exports. According to the <em>Financial Times</em>, Galimberti said, "A formal ban would push diesel prices sharply higher in Europe and Latin America," while also stating that U.S. Gulf Coast refiners could eventually be forced to reduce their runs.</p> <p>Oil prices remained near US$100 per barrel as crude flows through the Strait of Hormuz approached levels recorded before the Iran conflict, <a href="https://www.bloomberg.com/news/articles/2026-09-29/latest-oil-market-news-and-analysis-for-sept-30" target="_blank" rel="noopener"><em>Bloomberg</em> reported on September 30</a>. Wall Street analysts and traders told <em>Bloomberg </em>that the recovering flows were adding supply to the global market. Brent crude futures for December settled above US$98 per barrel, while the expiring November contract exceeded US$103 per barrel. <em>Bloomberg </em>reported that those levels remained below the peak reached during the Iran conflict but were above the prices that had averaged over the summer.</p> </div> </div> </div> </div> </div> <div> <div> <h2 style="text-align: center;">Greenland Security Agreement Draws Attention to Greenland Energy</h2> <p><a href="https://www.cnbc.com/2026/09/21/greenland-trump-denmark-deal-stocks-mining.html" target="_blank" rel="noopener">According to a September 21 <em>CNBC</em> report by Sam Meredith, Greenland Energy shares rose 159%</a> after the United States and Denmark reached an agreement on security arrangements in Greenland.<em> CNBC </em>reported that the agreement was expected to involve the United States, Denmark, and Greenland in developing a significant military presence on the territory while preventing U.S. adversaries from establishing bases there.</p> <p><em>CNBC</em> identified Greenland Energy as "an oil and gas exploration firm focused on trying to unlock the hydrocarbon potential of the Jameson Land Basin on the island's east coast." The report also noted that the company had recently delayed plans to drill for oil in Greenland after the Greenland government issued a "strong warning" to its joint venture partner regarding equipment that had been brought ashore without permission.</p> <p>Greenland Prime Minister Jens-Frederik Nielsen addressed the security agreement in a statement cited by <em>CNBC</em>. "It is joyous that we are about to make an agreement that will ensure and strengthen the security of Greenland, the Kingdom of Denmark, the United States, and the Western Alliance," Nielsen said. He added, "The agreement recognizes Greenland's interests and our place in the international cooperation. It is to the benefit of us all."</p> <p>According to <a href="https://www.marketbeat.com/stocks/NASDAQ/GLND/forecast/" target="_blank" rel="noopener">MarketBeat's recent analyst forecasts</a> and stock ratings data, ThinkEquity initiated coverage on Greenland Energy Company on June 15 with a "Buy" rating.</p> <p>More recently, Weiss Ratings upgraded its rating on the company on September 1 from "Sell (E)" to "Sell (D-)." No price target was listed for either rating in the data shown.</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div> <div> <div> <div> <div> </div> </div> </div> </div> </div> </div> <h2 style="text-align: center;">Exploration Drilling and Infrastructure Remain the Next Major Milestones</h2> <p>Greenland Energy Company's planned Phase I exploration program at Jameson Land centered on OPW1 and OPW6. <a href="https://greenlandenergyco.com/wp-content/uploads/2026/06/GLND-Deck-6262026.pdf" target="_blank" rel="noopener">The company's June 2026 presentation</a> identified OPW1 for Q4 2026 and OPW6 for Q1 2027. The presentation cautioned that the schedule was based on current cost estimates, that actual costs could vary materially, and that additional capital could be required.</p> <p>The company described its Phase I exploration program as fully funded. Greenland Energy said it had raised approximately US$81 million in gross capital during the preceding 12 months, including approximately US$11 million in SPAC trust proceeds and a US$70 million April offering. Capital deployment was identified for OPW1 and OPW6 procurement, long-lead materials, logistics, equipment, crews, working capital, and public company costs.</p> <p>The presentation estimated the cost of Well 1 at US$40 million and Well 2 at US$20 million. It also stated that Halliburton, IPT, and Stampede Drilling were mobilizing personnel and equipment to OPW1 and OPW6.</p> <p>Infrastructure and logistics activities outlined by the company included equipment transport, planned beach landing operations, planned construction of a three-mile inland road, and rig preparation. Greenland Energy also identified investments in seismic reprocessing, equipment purchases, including trucks, cranes, bulldozers, and an excavator, housing facilities, logistics infrastructure, equipment mobilization, and operational planning.</p> <p>The drilling program also represented milestones under Greenland Energy's earn-in structure. The presentation stated that the company would earn a 50% working interest following completion of the first well and 70% following completion of the second well, subject to milestone conditions. [OWNERSHIP_CHART-11729]</p> <p>The Jameson Land license position covered approximately 2.1 million acres across three exclusive licenses and included 58 identified prospective drill sites. The presentation cited a September 2025 Sproule-ERCE estimate of up to approximately 13.0 billion barrels of gross un-risked 3U prospective recoverable oil. The estimate had not been confirmed by drilling, might not represent actual recoverable reserves, and provided no assurance of a commercial discovery.</p> <h2 style="text-align: center;">Ownership and Share Structure¹</h2> <p>Management and insiders hold 23.18% of Greenland Energy. Strategic Entities own 7.08%; institutions hold 14.73%. The rest is retail.</p> <p>The company has 43.73 million outstanding shares, a market cap of US$224.34 million, and a 52-week range of US$1.09-US$23.00.</p> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <div> <h2 style="text-align: center;"><strong>Frequently Asked Questions About Greenland Energy, Jameson Land, and Oil Exploration</strong></h2> <p><strong>What is Greenland Energy Company doing at the Jameson Land Project in Greenland?</strong><br />Greenland Energy Company completed its 2026 environmental baseline field program at the Jameson Land Project in East Greenland. The government-approved work provided additional baseline data for the ongoing Environmental Impact Assessment and permitting process toward exploration drilling.</p> <p><strong>What environmental work was completed at the Jameson Land Project?</strong><br />The 2026 Jameson Land environmental program included soil and freshwater sampling, vegetation and habitat studies, and recording wildlife and bird activity. The surveys focused on proposed well locations and the coastal landing site.</p> <p><strong>Is Greenland Energy planning oil exploration drilling at Jameson Land?</strong><br />The company's June 2026 investor presentation identified a Phase I exploration drilling program centered on OPW1 and OPW6. The presentation listed OPW1 for Q4 2026 and OPW6 for Q1 2027, subject to the qualifications included in the presentation.</p> <p><strong>How large is the Jameson Land oil exploration area?</strong><br />The company's presentation described the Jameson Land license position as covering approximately 2.1 million acres across three exclusive licenses and containing 58 identified prospective drill sites.</p> <p><strong>How much prospective oil does the Jameson Land Basin contain?</strong><br />The presentation cited a September 2025 Sproule-ERCE estimate of up to approximately 13.0 billion barrels of gross un-risked 3U prospective recoverable oil. The estimate was unconfirmed by drilling, might not represent actual recoverable reserves, and provided no assurance of commercial discovery.</p> <p><strong>How much could Greenland Energy's Jameson Land exploration wells cost?</strong><br />Greenland Energy's presentation estimated costs of US$40 million for Well 1 and US$20 million for Well 2. The company described its Phase I exploration program as fully funded based on current cost estimates and cautioned that actual costs could vary materially and additional capital could be required.</p> <p><strong>How much capital has Greenland Energy raised for its Phase I exploration program?</strong><br />The June 2026 presentation reported approximately US$81 million in gross capital raised over the preceding 12 months, including approximately US$11 million in SPAC trust proceeds and a US$70 million April offering.</p> <p><strong>What infrastructure work is planned for oil exploration at Jameson Land?</strong><br />The presentation listed equipment transport, rig preparation, planned beach landing operations, and planned construction of a three-mile inland road. It also identified investments in equipment, housing facilities, logistics infrastructure, seismic reprocessing, equipment mobilization, and operational planning.</p> <p><strong>What are OPW1 and OPW6 at the Jameson Land Project?</strong><br />OPW1 and OPW6 were identified in Greenland Energy's presentation as the two wells in its Phase I exploration program. The company said results from the wells would further expand its understanding of the Jameson Land resource.</p> <p><strong>What are the next milestones for Greenland Energy and the Jameson Land Project?</strong><br />Following completion of the 2026 government-approved environmental baseline field program, the permitting process toward exploration drilling remained a central part of the company's stated work. Its June presentation also outlined drilling, infrastructure, logistics, and rig preparation activities associated with the Phase I exploration program.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div><p>Important Disclosures:</p><ol> <li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li> This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32710"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32710" width="0" height="0"> <p>( Companies Mentioned: GLND:NASDAQ, )</p> Thu, 01 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/10/01/azincourts-new-ceo-bets-big-on-labrador-uranium.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/10/01/azincourts-new-ceo-bets-big-on-labrador-uranium.html?utm_medium=feed">Streetwise Reports 10/02/2026</a></b> </p> Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE) has shifted its focus to Labrador's underexplored Central Mineral Belt, where it is drilling a uranium deposit that was never fully defined. <p>When Mark Tommasi became chief executive officer of <span id="link_copy_6171"><a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE)</a></span> in March, he saw an opening in Labrador's Central Mineral Belt: a uranium deposit with years of historical drilling, much of its core still available, and known mineralization that had never been followed up. Azincourt has since made the region its priority, and drilling is now underway at the Snegamook uranium deposit, according to an<a href="https://www.stockwatch.com/News/Item/Z-C!AAZ-3869092/C/AAZ" target="_blank" rel="noopener"> October 2 release</a>.</p> <p>The company still holds a majority interest in the East Preston project in Saskatchewan's Athabasca Basin, but Tommasi said Labrador offers a better use of the company's exploration dollars. "For ROI, we think Labrador's got a lot of potential," he told <em>Streetwise Reports</em>.</p> <h2 style="text-align: center;"><strong>Why Labrador, and Why Now</strong></h2> <p>Azincourt is assembling a collection of high-grade uranium properties in established Canadian regions, typically securing them through low-cost options before pursuing focused exploration. With Tommasi at the helm, the company redirected its attention to Labrador's Central Mineral Belt, which he described as "the second district-scale uranium area in Canada." Azincourt now holds the Snegamook uranium deposit within its Harrier project, along with an option to acquire the high-grade Sylvia Lake project.</p> <p>Tommasi sees opportunity in the Central Mineral Belt because it has seen limited recent exploration. In an August conversation with <em>The Sunrise Investor</em>, he said the area combines known uranium mineralization and nearby deposits with a lack of modern exploration. He attributed that gap to two developments: investment weakened amid regulatory uncertainty in the late 2000s, and the uranium market entered a lengthy slump following the 2011 Fukushima disaster.</p> <p>"That history helps explain why a well-mineralized Canadian uranium belt still offers significant room for systematic modern exploration today," Tommasi told the publication.</p> <p>Azincourt's Labrador holdings sit near <strong>Paladin Energy Ltd.'s (PDN:TSX; PDN:ASX)</strong> Michelin deposit and properties controlled by <strong>ATHA Energy Corp. (SASK:TSX.V; SASKF:OTCQX; X5U:FRA)</strong>. "It's well situated," Tommasi told <em>Streetwise Reports</em>, noting that the company's land is "near a couple of known deposits." Those deposits provide regional context only; mineralization on neighboring properties is not necessarily indicative of mineralization on Azincourt's ground.</p> <p>Tommasi said Snegamook drew him to the role. The advanced target had received little attention for years, despite encouraging results from earlier drilling.</p> <p>"Azincourt had the combination I look for in a junior resource company: a portfolio of quality projects in established Canadian uranium districts, meaningful historical work to build from, and a clear opportunity to create value through focused execution," he told <em>The Sunrise Investor</em>.</p> <h2 style="text-align: center;"><strong>A Deposit That Was Never Finished</strong></h2> <p>Drilling at Snegamook in 2007 and 2008 encountered uranium mineralization in 17 holes across a large altered geological system. Work ended before the deposit could be delineated or supported by a filed resource estimate. Much of the old core and drill-location data remains available, and mineralization is still open in some areas.</p> <p>"The combination of a substantial historical dataset, encouraging mineralization, and clear unanswered geological questions made Snegamook a logical place to deploy new capital," Tommasi told <em>The Sunrise Investor</em>.</p> <p>Reanalysis of the historical core has yielded a notable assay. A 10-centimeter check sample from hole SN-08-06 graded 2.71% triuranium octoxide (U&#8323;O&#8328;), while the original result was 0.97% over a 0.5-meter interval. Tommasi cautioned that the figures cannot be directly compared and that the check sample "should not be treated as representative of a broader mining width." Even so, he said, the result indicates that the old core "warrants systematic reassessment" and supports further work to determine whether the higher-grade lenses continue.</p> <h2 style="text-align: center;"><strong>Drilling Underway at Snegamook</strong></h2> <p dir="ltr">Azincourt has begun a diamond drill program of about 2,000 meters in six to seven holes at Snegamook, the company said in its <a href="https://www.stockwatch.com/News/Item/Z-C!AAZ-3869092/C/AAZ" target="_blank" rel="noopener">October 2 release</a>. Drilling started in late September, later than the company expected. The program is designed to confirm mineralization by twinning selected historical holes and to test the extent of known mineralization. Azincourt said the work may support its evaluation of a potential future mineral resource estimate, subject to verification of the historical data and this year's results. Snegamook has no current or historical mineral resource.</p> <p dir="ltr">Drilling follows a helicopter-supported prospecting program during the last two weeks of August. Crews collected structural, soil, and radiometric data at three known uranium showings and prospected untested radiometric anomalies. They identified two new showings, bringing the total on the property to 16. Assay and soil results are pending.</p> <p dir="ltr">At the Brook Showing, where a 2025 sample returned 6.28% U&#8323;O&#8328;, crews found parallel fractures with elevated radioactivity and collected 128 soil samples to refine targets for a potential 2027 drill program. They collected another 60 soil samples at the Boiteau Central showing and carried out structural analysis at Anomaly 7, where the company anticipates drilling in 2027. Surface, grab, and boulder samples are selective by nature and may not reflect broader grades.</p> <p dir="ltr">"With prospecting completed and drilling now underway at Snegamook, we are moving into the next phase of exploration at Harrier," Tommasi said.</p> <p>Tommasi said success would mean collecting consistent geological and assay results that validate key parts of the historical interpretation. "We are not setting a predetermined grade or resource outcome &mdash; the first priority is obtaining reliable, defensible data," he told <em>The Sunrise Investor</em>.</p> <h2 style="text-align: center;"><strong>Sylvia Lake Option Revised</strong></h2> <p>On September 16, Azincourt <a href="https://stockhouse.com/news/press-releases/2026/09/16/azincourt-energy-provides-update-on-option-to-acquire-high-grade-sylvia-lake" target="_blank" rel="noopener">revised its option agreement</a> to acquire all of the Sylvia Lake project. Compared with the August agreement, the revised deal calls for more cash and fewer shares. On grant of the option, Azincourt paid CA$174,000 and issued 1.76 million shares. To complete the acquisition, it must make cash payments of CA$250,000 after 12 months and CA$250,000 after 24 months, and spend CA$250,000 on exploration over two years. The August terms had required CA$12,000 and 15 million shares.</p> <p>The Sylvia Lake property spans about 6,725 hectares, approximately 100 kilometers northwest of Happy Valley-Goose Bay. Historical surface grab samples reached 2.72% U&#8323;O&#8328;. A 1970s trench returned 0.243% U&#8323;O&#8328; over 2.0 meters, and drilling in 2007 intersected the mineralized horizon in every hole. The zone extends about 70 meters along strike and 27 meters down dip, with open potential, <a href="https://resourceworld.com/azincourt-energy-options-sylvia-lake-uranium-project-labrador/" target="_blank" rel="noopener">Resource World reported</a>.</p> <p>"It is located in Labrador's Central Mineral Belt, a district with a demonstrated history of uranium discoveries, and gives the Company an opportunity to advance a project where high-grade surface mineralization, historical drilling, and modern geophysical interpretation all support a compelling exploration thesis," Tommasi said of Sylvia Lake.</p> <h2 style="text-align: center;"><strong>Building a Portfolio in Proven Canadian Uranium Belts</strong></h2> <p>Tommasi took over from Alex Klenman as CEO and director on March 18, <a href="https://www.newsfilecorp.com/release/288910/Azincourt-Energy-Corp.-Appoints-Mark-Tommasi-as-Chief-Executive-Officer" target="_blank" rel="noopener">the company announced</a>, bringing more than 30 years in capital markets and corporate development, much of it with junior explorers.</p> <p>Azincourt targets properties with existing information, including historic drilling, surface sampling, and trenching. That data can help the company bypass years of early exploration, while staged option agreements spread payments and work commitments across multiple years.</p> <p>The company first used this approach in the Athabasca Basin, where it built a majority stake in East Preston in a joint venture with partners that included <a href="https://www.streetwisereports.com/pub/co/6026?utm_medium=feed" target="_blank" rel="noopener">Skyharbour Resources Ltd. (SYH:TSX.V; SYHBF:OTCQX; SC1P:FSE)</a>. By early 2024, Azincourt held 86.1% of more than 20,000 hectares, <a href="https://www.globenewswire.com/news-release/2024/03/19/2848456/0/en/Azincourt-Energy-Mobilizing-for-East-Preston-Drill-Program-Athabasca-Basin-Saskatchewan.html" target="_blank" rel="noopener">a March 2024 company release reported</a>. East Preston lies along a conductive trend parallel to the one that hosts <strong>NexGen Energy Ltd.'s (NXE:TSX; NXE:NYSE)</strong> Arrow deposit. Drilling between 2022 and 2024 identified disrupted structures with graphite, sulfides, clay alteration, and elevated uranium, particularly between the K and H zones, and Tommasi said the project continues to give Azincourt exposure to a broad alteration system.</p> <p>He said the company will direct its funds "according to technical merit and the ability of each program to reach a meaningful milestone, rather than trying to advance every property at the same pace." Depending on results, "we may expand even beyond Labrador," he told <em>Streetwise Reports</em>.</p> <h2 style="text-align: center;"><strong>History of the Snegamook Deposit and Harrier Project</strong></h2> <p>Azincourt secured an option on Snegamook in October 2024. "This initial land position allows Azincourt to establish a foothold in this emerging Canadian uranium camp," then-CEO Klenman said <a href="https://www.globenewswire.com/news-release/2024/10/29/2970969/0/en/Azincourt-Energy-Options-Advanced-Uranium-Project-in-Labrador.html" target="_blank" rel="noopener">when the deal was announced</a>.</p> <p>At Snegamook, four mineralized lenses extend across 300 meters of strike and 200 meters of vertical depth, with grades ranging from 225 to 771 parts per million (ppm) U&#8323;O&#8328;. Hole SN-08-8 returned the broadest intercept, averaging 206 ppm U&#8323;O&#8328; over 73 meters.</p> <blockquote class="callOut left">"Uranium is no longer considered a speculative corner of the energy market. It is increasingly viewed as a strategic fuel," John Newell of John Newell &amp; Associates wrote.¹</blockquote> <p dir="ltr">A second zone about 500 meters to the south assayed 0.11% U&#8323;O&#8328; over 3 meters. The Two-Time uranium deposit lies about 1.3 kilometers to the northwest. A 2008 report estimated an indicated and inferred resource of 6.1 million pounds of U&#8323;O&#8328; there, but it was never finalized or filed and cannot be relied upon, Azincourt said.</p> <p dir="ltr">In April 2025, Azincourt s<a href="https://www.newsfilecorp.com/release/250072/Azincourt-Energy-Acquires-Option-on-the-Harrier-Uranium-Project-and-Adjacent-Land-Package" target="_blank" rel="noopener">ecured an option</a> on the surrounding Harrier project. A 2024 outcrop sample from the Moran Heights prospect graded 7.48% U&#8323;O&#8328;. The company has since reduced the size of its land position. Harrier now covers about 13,000 hectares in six license groups, including Snegamook, and more than a dozen uranium mineralization zones have been identified, the company said.</p> <p>"Our focus is not simply on accumulating hectares," Tommasi told <em>The Sunrise Investor</em>. "It is on controlling the ground that contains the strongest known mineralization, the most compelling structural settings and targets that can be advanced efficiently."</p> <h2 style="text-align: center;"><strong>Positioning in Labrador's Central Mineral Belt</strong></h2> <p>The Central Mineral Belt contains several notable uranium deposits, which are cited here for regional context. One of the largest, Paladin's Michelin project, hosts 127.7 million pounds of U&#8323;O&#8328; across six deposits.</p> <p>Nearby assets include the historical Moran Lake C deposit, reported to contain 9.3 million pounds of U&#8323;O&#8328; and 25.3 million pounds of V&#8322;O&#8325;, and Anna Lake, with 4.9 million pounds of U&#8323;O&#8328;. ATHA Energy owns both.</p> <h2 style="text-align: center;"><strong>Financial Position and Funding</strong></h2> <p>Azincourt completed a non-brokered private placement on August 14, raising CA$526,365 in gross proceeds, <a href="https://www.rohstoff-welt.de/news/744202--Azincourt-Energy-Corp.-Closes-Private-Placement.html" target="_blank" rel="noopener">the company reported</a>. The flow-through funds will support eligible exploration in Canada, while the remaining proceeds will go toward working capital. Tommasi told <em>The Sunrise Investor</em> that the company plans its budgets conservatively and includes "meaningful contingencies" for remote exploration. He said Azincourt will consider additional financing as it reaches milestones; its baseline plans do not depend on asset sales or the exercise of warrants and options.</p> <p>Tommasi was direct about the uncertainties. "The principal uncertainty is geological: historical results and isolated high-grade samples do not establish continuity, scale, or economic viability," he said. He added that, over the next 12 to 18 months, "investors should judge us on disciplined execution, responsible capital allocation and the quality of the technical information we generate."</p> <h2 style="text-align: center;"><strong>Tight Supply Keeps Uranium Strong</strong></h2> <p>Uranium prices are holding close to their highest levels in six months. Spot uranium traded near US$89.50 per pound on September 29, about 9% higher than a year earlier and just under the six-month peak of US$90.60, <a href="https://tradingeconomics.com/commodity/uranium" target="_blank" rel="noopener">Trading Economics data show</a>. In January, spot prices crossed US$100 for the first time in two years, reaching US$100.25 on January 28, <a href="https://www.uranium.info/press_releases.php" target="_blank" rel="noopener"><em>TradeTech</em> reported</a>. Long-term contract prices, which reflect what utilities typically pay, have stayed near record territory. <em>TradeTech's</em> benchmark reached a high of US$97 per pound on July 1. <em>TradeTech</em> President Treva Klingbiel said, "Utilities recognize that there has been a fundamental shift in support for nuclear power." <strong>Cameco Corp.'s (CCO:TSX; CCJ:NYSE)</strong> month-end benchmarks, calculated as averages of UxC and <em>TradeTech</em> prices, showed spot uranium at US$89.68 and long-term contracts at US$96.50 at the end of August, <a href="https://www.cameco.com/invest/markets/uranium-price" target="_blank" rel="noopener">the company reported</a>.</p> <p>Supply remains a key constraint. <strong>Kazatomprom (NATKY:OTCMKTS; KAP:LSE)</strong>, the world's largest uranium producer, increased output by 9% in the first half and maintained its 2026 production forecast of 27,500 to 29,000 tonnes. However, delays at its TQZ sulfuric acid plant are affecting a key input for its mining process, Trading Economics noted. Cameco's first-half production declined 5% after May flooding damaged a bridge along the main supply route to its McArthur River and Key Lake operations in northern Saskatchewan, <a href="https://www.world-nuclear-news.org/articles/mid-year-updates-from-major-uranium-producers" target="_blank" rel="noopener"><em>World Nuclear News</em> reported</a>.</p> <p>Demand projections point higher. The latest joint "Red Book" from the International Atomic Energy Agency and the Nuclear Energy Agency, released September 14, estimates annual uranium needs could rise from roughly 64,500 tonnes today to between 84,800 and 143,900 tonnes by 2050 under its low- and high-growth cases, <a href="https://www.miningweekly.com/article/iaea-reports-uranium-resources-adequate-to-meet-growing-nuclear-fuel-demand-2026-09-14" target="_blank" rel="noopener"><em>Mining Weekly</em> reported</a>. The agencies said known resources can meet projected demand, while cautioning that developing a new mine takes 15 to 20 years. They said "adequate and sustained uranium prices supported by long-term contracts are therefore critical" to bring additional supply to market.</p> <h2 style="text-align: center;"><strong>A Leveraged Bet on a Uranium Bull Market</strong></h2> <p>¹"Uranium is no longer considered a speculative corner of the energy market. It is increasingly viewed as a strategic fuel," <a href="https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html?utm_medium=feed" target="_blank" rel="noopener">John Newell of John Newell &amp; Associates wrote in a February 9 review of Azincourt Energy</a>.</p> <p>Newell pointed to a widening gap between uranium supply and demand as an important catalyst for the sector. Years of underinvestment have constrained production while reactor demand remains steady, prompting utilities to secure longer-term supplies at higher prices. As inventories shrink, he said, new discoveries and more advanced exploration projects in politically stable regions may take on greater importance, opening potential opportunities for junior companies.</p> <p>He characterized Azincourt as a high-risk exploration company that could benefit substantially if uranium market conditions continue to improve.</p> <p>"For investors comfortable with exploration risk and seeking leveraged exposure to a sustained uranium bull market, Azincourt Energy is a Speculative Buy at current levels around CA$0.07, with the understanding that value creation will ultimately depend on execution, drilling results, and broader market conditions," Newell wrote. The shares have since traded around CA$0.04.[OWNERSHIP_CHART-6171]</p> <h2 style="text-align: center;"><strong>Ownership and Share Structure²</strong></h2> <p>Management and insiders own 10%, institutions hold 30%, and the rest is retail.</p> <p>Azincourt has 167.48 million shares outstanding, and its market cap is CA$5.87 million. Its 52-week range is CA$0.03&ndash;CA$0.15 per share.</p> <h2 style="text-align: center;"><strong>Key Investor Takeaways</strong></h2> <ul> <li>Under CEO Mark Tommasi, who took over in March, Azincourt has made Labrador's Central Mineral Belt its priority, drawn by historical drilling, available core, and the chance to advance known mineralization.</li> <li>Tommasi said the Central Mineral Belt is underexplored because investment stalled amid regulatory uncertainty in the late 2000s, followed by a long uranium market slump after the 2011 Fukushima disaster.</li> <li>The Snegamook deposit hit uranium in 17 holes in 2007 and 2008, but never received a filed resource estimate. A recent check sample from the historical core graded 2.71% U&#8323;O&#8328; over 10 centimeters, which Tommasi cautioned isn't representative of a mining width.</li> <li>Drilling is underway on a program of about 2,000 meters in six to seven holes at Snegamook.</li> <li>Azincourt revised its option to acquire the high-grade Sylvia Lake project in September, shifting the consideration toward cash and away from shares.</li> <li>Spot uranium traded near US$89.50 per pound on September 29, near six-month highs, and TradeTech's long-term price indicator hit a record US$97 in July.</li> <li>John Newell rated Azincourt a Speculative Buy in February.¹</li> <li>Tommasi said investors should judge the company on "disciplined execution, responsible capital allocation and the quality of the technical information we generate."</li> </ul> <h2 style="text-align: center;"><strong>Common Questions from Investors</strong></h2> <p><strong>Why did Azincourt shift its focus to Labrador?</strong> Tommasi sees the Central Mineral Belt, which he described as "the second district-scale uranium area in Canada," as a compelling opportunity to deploy exploration capital. Snegamook offers historical drilling, available core, and known mineralization that has seen little modern exploration.</p> <p><strong>What is the significance of the Snegamook deposit?</strong> Historical drilling found uranium in 17 holes within a large altered system, and the mineralization is still open in places. The work stopped before a resource estimate was filed. The drill program now underway is designed to confirm the historical results and test the extent of mineralization, which the company says may support its evaluation of a potential future resource estimate.</p> <p><strong>What else is in Azincourt's portfolio?</strong> Azincourt holds the Harrier project, which surrounds Snegamook and now covers about 13,000 hectares with more than a dozen mineralized zones. It also holds an option on the high-grade Sylvia Lake project in Labrador and a majority interest in the East Preston project in the Athabasca Basin. Tommasi said the company will direct its funds based on technical merit rather than advancing every property at the same pace.</p> <p><strong>How is the uranium market?</strong> Spot uranium traded near US$89.50 per pound on September 29, near six-month highs, after topping US$100 in January. Long-term contract prices have held near records. The latest joint International Atomic Energy Agency and Nuclear Energy Agency "Red Book" projects rising demand but warns that new mines take 15 to 20 years to develop.</p> <p><strong>What do analysts say?</strong> In a February 9 review, John Newell of John Newell &amp; Associates rated Azincourt a Speculative Buy for investors seeking "leveraged exposure to a sustained uranium bull market." He cautioned that value creation depends on execution, drilling results, and market conditions.¹</p> <p><strong>What are the main risks?</strong> Tommasi said the principal uncertainty is geological, because historical results and isolated high-grade samples don't establish continuity, scale, or economic viability. Surface and grab samples are selective and may not reflect broader grades. The company also faces the usual risks of remote exploration and will need to raise more money as its programs advance.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>Azincourt Energy Corp. and Skyharbour Resources Ltd. are<span data-olk-copy-source="MessageBody"> billboard sponsors of Streetwise Reports. They pay monthly sponsorship fees of US$3,000&ndash;US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports&rsquo; editorial content is fully independent and is not influenced by sponsorship.</span> </li> <li>As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Azincourt Energy Corp.</li> <li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1.</strong><strong> Disclosure for the quote from the John Newell article published on February 9, 2026</strong></p> <ol start="1" type="1"> <li>For the quoted article (published on February 9, 2026), Azincourt Energy Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</li> <li>Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.</li> </ol> <p><strong>John Newell Disclaimer</strong></p> <p>As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.</p> <p><strong>2. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32701"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32701" width="0" height="0"> <p>( Companies Mentioned: AAZ:TSX.V; AZURF:OTCQB; A0U0:FSE, )</p> Fri, 02 Oct 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/09/30/ramaco-resources-secures-us-30m-jury-verdict-in-chubb-insurance-case.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/09/30/ramaco-resources-secures-us-30m-jury-verdict-in-chubb-insurance-case.html?utm_medium=feed">Streetwise Reports 09/30/2026</a></b> </p> Ramaco Resources Inc. (METC:NASDAQ; METCB:NASDAQ) wins US$30 million verdict against Chubb subsidiaries in insurance litigation over 2018 silo failure, bolstering liquidity alongside Q2 results and Brook Mine progress.<h2 style="text-align: center;">Key Takeaways</h2> <ul> <li>Ramaco Resources Inc. received a US$30 million jury verdict on September 25, 2026, in its insurance case against Chubb subsidiaries, with attorney's fees still pending.</li> <li>Q2 2026 liquidity reached US$400.1 million, up sharply year-over-year, supporting ongoing operations and projects.</li> <li>Ramaco's July 2026 shareholder letter, using financial information from the Hatch study, reported a potential pre-tax NPV of US$8.0 billion and average annual adjusted EBITDA of US$1.3 billion for the Brook Mine</li> <li>Full-year 2026 production guidance stands at 3.6-3.9 million tons with cash costs targeted at US$96-US$99 per ton.</li> <li>The verdict adds non-dilutive capital potential while Ramaco executes its metallurgical coal and critical minerals strategy.</li> <li>Analysts' ratings remain constructive with recent price targets reflecting sector conditions, though coverage includes both "Buy" and "Neutral" ratings.</li> </ul> <h2 style="text-align: center;">A Lawsuit Win for Ramaco</h2> <p><strong><span class="for_co_card_11470">Ramaco Resources Inc. (METC:NASDAQ; METCB:NASDAQ) </span></strong>announced on September 28, 2026, that <a href="https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-30-0-million-jury-verdict-in-insurance-coverage-litigation-302890907.html" target="_blank" rel="noopener">a federal jury awarded its subsidiary, <span data-olk-copy-source="MessageBody">Ramaco Resources, LLC, </span>US$30.0 million in damages</a> in an insurance coverage lawsuit against subsidiaries of Chubb Insurance. The verdict addresses a 2018 partial structural failure at the Elk Creek preparation plant and strengthens the company's financial position as it advances metallurgical coal operations and critical minerals development at the Brook Mine. The jury in the U.S. District Court for the Southern District of West Virginia awarded Ramaco US$2.5 million for aggravation and inconvenience, plus US<span style="font-size: 1rem;">$27.5 million for net economic loss on September 25, 2026. Attorney's fees remain to be determined by the court. The defendants may pursue post-trial motions or appeal.</span><span style="font-size: 1rem;"> </span></p> <p>"The company is grateful to the jury for its careful consideration of the facts and for delivering a just verdict that recognizes the harm we suffered by the insurance carriers' wrongful delay in payment of a legitimate insurance claim that we filed in 2019," said Randall Atkins, Chairman and CEO of Ramaco.</p> <p>The US$30 million award could provide a liquidity boost at a time when Ramaco maintains strong balance sheet metrics and pursues low-vol metallurgical coal growth alongside critical minerals exploration. The verdict resolves the damages phase of the long-standing litigation, although post-trial motions, potential appeals, attorney's fees, and collection remain outstanding.</p> <h2 style="text-align: center;">Met Coal is an Irreplaceable Mineral</h2> <p><a href="https://pubs.usgs.gov/publication/fs20263061" target="_blank" rel="noopener">Metallurgical coal is also known as met coal or coking coal. It is processed into coke, which is used in steelmaking</a>. The <a href="https://www.iea.org/reports/coal-mid-year-update-2026/demand" target="_blank" rel="noopener">International Energy Agency's (IEA) Coal Mid-Year Update 2026</a> expects global demand for coking coal to remain broadly stable in 2026, with India representing the primary source of growth in metallurgical coal demand.</p> <p><a href="https://www.whitehouse.gov/presidential-actions/2025/04/reinvigorating-americas-beautiful-clean-coal-industry-and-amending-executive-order-14241/" target="_blank" rel="noopener">The Trump administration added met coal to the critical minerals list</a> last year, potentially opening access to federal grant funding for companies developing these resources. Met coal is processed into coke, which is essential to steelmaking and currently has no viable substitute.</p> <blockquote class="mcbox callOut left">Chen Lin of <em>What is Chen Buying? What is Chen Selling?</em> weighed in on the company, writing: "<span class="x_spanWithBackgroundColor">METC won the lawsuit for US$30 million. I am buying back some METC at just below US$9."</span></blockquote> <p>A March 2026 thematic research report by Nick Ward of Ocean Wall noted that global met coal supply growth is becoming increasingly constrained. "Global supply growth is increasingly constrained. New projects face tougher regulation, rising costs, and restricted access to capital," Ward wrote.</p> <p>The report highlighted coke's essential role in steelmaking, noting that it serves three functions that cannot currently be replaced: providing high-temperature fuel, maintaining permeability in the blast furnace, and chemically removing oxygen from iron ore. According to the report, "Around 90% of met coal is consumed directly within global steel production."</p> <p>Ward also pointed to growing supply pressures, writing that "shortages are also piling up because of stricter permitting and ESG screens, structural increases in operating costs, and restricted access to capital that has penalized long-lead resource projects."</p> <h2 style="text-align: center;">Financial Position Covered by Sales Commitments</h2> <p>In its August 4, 2026, <a href="https://www.prnewswire.com/news-releases/ramaco-resources-reports-second-quarter-2026-results-302890907.html" target="_blank" rel="noopener">earnings release</a>, Ramaco reported Q2 net loss of US$15.4 million and Adjusted EBITDA of US$5.7 million, with liquidity rising to US$400.1 million. Cash mine costs stayed below US$100 per ton for the fourth consecutive quarter. The company said that it holds sales commitments covering over 100% of 2026 production guidance at the midpoint.</p> <p>On September 28, 2026, Chen Lin of <em>What is Chen Buying? What is Chen Selling?</em> weighed in on the company, writing: "<span class="x_spanWithBackgroundColor">METC won the lawsuit for US$30 million. I am buying back some METC at just below US$9 after selling it out at 13+ earlier this month for a trade. I plan to sell some US$10 covered calls and get rid of it at US$10+."</span></p> <p><span class="x_spanWithBackgroundColor">According to <a href="https://www.marketbeat.com/stocks/NASDAQ/METC/forecast/" target="_blank" rel="noopener">Marketbeat</a>, recent analyst ratings for Ramaco include: </span></p> <ul> <li><span class="x_spanWithBackgroundColor">On August 18, 2026, Lucas Pipes of B. Riley Financial reiterated a "Buy" rating.</span></li> <li><span class="x_spanWithBackgroundColor">On August 18, 2026, Carlos De Alba of Morgan Stanley reiterated an "Equal Weight" rating but lowered the price target from US$13 to US$11.</span></li> <li><span class="x_spanWithBackgroundColor">On August 18, 2026, Ben Kallo of Robert W. Baird downgraded the rating from "Outperform" to "Neutral" and reiterated a US$13 price target.</span></li> <li><span class="x_spanWithBackgroundColor">On August 6, 2026, Nathan P. Martin of Benchmark reiterated a "Buy" rating but lowered the price target from US$38 to US$26.</span></li> <li><span class="x_spanWithBackgroundColor">On August 6, 2026, Brian Lee of The Goldman Sachs Group reiterated a "Neutral" rating and lowered the price target from US$13 to US$11. </span></li> </ul> <h2 style="text-align: center;">Brook Mine Critical Minerals Update</h2> <p>A <a href="https://ramacoresources.com/wp-content/uploads/2026/07/Ramaco-Shareholder-Letter-07.29.26.pdf" target="_blank" rel="noopener">July 2026 Hatch Associates conceptual study</a> updated economics for the company's Brook Mine rare earth and critical minerals project in Wyoming, projecting pre-tax NPV of US$8.0 billion and average annual adjusted EBITDA of US$1.3 billion, reflecting a shift to carbochlorination processing.</p> <p>This follows a 2025 Fluor report and supports Ramaco's dual-platform strategy. [OWNERSHIP_CHART-11470]</p> <h2 style="text-align: center;">Ownership &amp; Share Information¹</h2> <p>Ramaco Resources Inc. has a market cap of approximately US$531.44 million, with 51.88 million shares outstanding. The company's 52-week range is US$8.37-US$57.80.</p> <p>Institutions own 68.60% of shares, while Strategic Investors own 12.30%. Management &amp; Insiders own 9.80% of shares, and the remaining 9.30% of shares are held by Retail.</p> <h2 style="text-align: center;">Frequently Asked Questions</h2> <p><strong>Q: What does the US$30 million verdict mean for Ramaco's balance sheet?</strong></p> <p>A: The award provides potential cash recovery from the 2018 insurance claim, subject to post-trial motions, appeal, and collection, complementing existing liquidity of over US$400 million.</p> <p><strong>Q: How does the verdict relate to Ramaco's ongoing projects?</strong></p> <p>A: It resolves a legacy litigation matter without impacting current production guidance or the Brook Mine development timeline, allowing focus on operational and exploration activities.</p> <p><strong>Q: What is the status of the Brook Mine economics?</strong></p> <p>A: Ramaco's July 2026 shareholder letter, using financial information from the Hatch study, reported a potential pre-tax NPV of US$8.0 billion and average annual adjusted EBITDA of US$1.3 billion, driven in part by the proposed carbochlorination processing approach.</p> <p><strong>Q: Are there risks to collecting the verdict?</strong></p> <p>A: Defendants may file post-trial motions within 28 days or appeal within 30 days of final judgment, and collection depends on their ability to satisfy the award.</p> <p class="PDq2pG_selectionAnchorContainer" dir="auto" data-start="184" data-end="477"><strong data-start="184" data-end="218">Q: What is metallurgical coal?</strong><br data-start="218" data-end="221" />A: Metallurgical coal, also known as met coal or coking coal, is a type of coal used to produce coke for steelmaking. Its properties allow coke to provide heat, maintain furnace permeability and help remove oxygen from iron ore during the production of steel.</p> <p dir="auto" data-start="479" data-end="789"><strong data-start="479" data-end="515">Q: What is coking coal used for?</strong><br data-start="515" data-end="518" />A: Coking coal is primarily used to produce coke, a carbon-rich material consumed in blast furnaces to manufacture steel. The coke-making process gives the coal properties needed to support the high temperatures and chemical reactions required to convert iron ore into iron.</p> <p dir="auto" data-start="791" data-end="1156"><strong data-start="791" data-end="839">Q: What is a mine's net present value (NPV)?</strong><br data-start="839" data-end="842" />A: A mine's net present value (NPV) is an estimate of the present-day value of a project's expected future cash flows after accounting for factors such as operating costs, capital expenditures, and a discount rate. Mining companies and investors commonly use NPV as one measure of a project's potential economic value.</p> <p dir="auto" data-start="1158" data-end="1531"><strong data-start="1158" data-end="1214">Q: What is metallurgical coal's role in steelmaking?</strong><br data-start="1214" data-end="1217" />A: Metallurgical coal plays a key role in conventional blast-furnace steelmaking because it is converted into coke, which provides heat and structural support inside the furnace while also participating in the chemical reduction of iron ore. This makes met coal an important raw material for primary steel production.</p> <p dir="auto" data-start="1533" data-end="1932" data-is-last-node="" data-is-only-node=""><strong data-start="1533" data-end="1567">Q: What are critical minerals?</strong><br data-start="1567" data-end="1570" />A: Critical minerals are mineral resources considered important to economic or national security and potentially vulnerable to supply disruptions. They are used across industries such as energy, manufacturing, defense, and technology, and government agencies periodically update lists of minerals considered critical based on changing supply and economic conditions.</p> <p><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></p><p>Important Disclosures:</p><ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32698"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32698" width="0" height="0"> <p>( Companies Mentioned: METC:NASDAQ;METCB:NASDAQ, )</p> Wed, 30 Sep 2026 00:00:00 PST https://www.streetwisereports.com/article/2026/09/30/new-zealand-energy-amends-gas-supply-deal-with-genesis-boosts-tariki-flexibility.html <p class="articleSource"> <b>Source: <a href="https://www.streetwisereports.com/article/2026/09/30/new-zealand-energy-amends-gas-supply-deal-with-genesis-boosts-tariki-flexibility.html?utm_medium=feed">Streetwise Reports 09/30/2026</a></b> </p> New Zealand Energy Corp. (NZ:TSX.V; NZERF:OTCQX) amends gas supply agreement with Genesis Energy Limited (NZX:GNE; ASX:GNE), expanding supply sources and advancing the Tariki gas storage project.<p><strong><span class="for_co_card_3614">New Zealand Energy Corp. (NZ:TSX.V; NZERF:OTCQX)</span></strong> has amended its gas supply agreement <span style="box-sizing: border-box; margin: 0px; padding: 0px;">with<strong> Genesis</strong></span><strong> Energy Limited (NZX:GNE; ASX:GNE)</strong> to broaden potential natural gas sources and increase flexibility across multiple license areas, while advancing its Tariki gas storage opportunity.</p> <h2 style="text-align: center;">Key Takeaways</h2> <ul> <li data-section-id="qhivca" data-start="241" data-end="420">New Zealand Energy (NZEC) amended its gas supply agreement with Genesis Energy, expanding potential gas sources and allowing production to be aggregated across three license areas.</li> <li data-section-id="1txortl" data-start="421" data-end="626">The agreement provides a potential commercialization pathway for NZEC's growing natural gas production, with approximately 2 MMcf/d of gross production currently coming from the expanded supply area.</li> <li data-section-id="uadr7p" data-start="627" data-end="839">Tariki gas storage represents a longer-term opportunity for New Zealand's natural gas infrastructure, with NZEC and its partner continuing discussions with Genesis on a potential storage services agreement.</li> <li data-section-id="1u6b18h" data-start="840" data-end="1105">New Zealand's isolated gas market and declining domestic production could increase the importance of flexible gas supply and storage, while international natural gas markets remain sensitive to production, inventories, LNG demand, and geopolitical disruptions.</li> <li data-section-id="rob858" data-start="1106" data-end="1289">NZEC is also advancing near-term production and infrastructure work, including planned Tariki production activities and debottlenecking initiatives expected to begin in Q4 2026.</li> </ul> <h2 style="text-align: center;">Amended Gas Supply Agreement Brings New Opportunities</h2> <p>On September 28, 2026, NZEC announced <a href="https://newzealandenergy.com/2026/new-zealand-energy-corp-announces-amendment-to-gas-supply-agreement-and-provides-update-on-tariki-gas-storage/" target="_blank" rel="noopener">the amendment to the existing agreement</a> originally entered into with Genesis in July 2024, through its Tariki joint venture with co-venturer L&amp;M Energy Limited. This change significantly expands the sources of natural gas that may be supplied and provides substantially greater flexibility to aggregate production from across three license areas for sale to Genesis. At this time, commercial terms remain confidential.</p> <p>Current production from the expanded supply area is approximately 2 MMcf/d gross, which the company expects to grow. Spot prices for gas sales in New Zealand have ranged from NZ$3.38 to NZ$20.55 per GJ over the past 12 months, according to the release.</p> <p>The collaboration gives NZEC an association with Genesis, a major New Zealand energy company listed on the NZX and ASX, which operates in electricity generation, retail, and wholesale energy supply. The amendment supports NZEC's pathway to monetize production while giving Genesis access to additional flexible gas supply amid New Zealand's isolated market with no imports and depleting domestic production. NZEC and L&amp;M plan to continue working toward a gas storage services agreement under a non-binding MOU (Memorandum of Understanding) with Genesis to contract a significant portion of Tariki's storage capacity.</p> <p>The amendment accelerates the advancement of the Tariki gas storage project. NZEC holds a 50% interest in the Waihapa production station, enabling quick tie-in of near-term production. Recent <a href="https://newzealandenergy.com/news/" target="_blank" rel="noopener">Q2 2026</a> results showed the company's revenue at CA$2.16 million, up from CA$226,000 year-over-year, with oil production at 10,950 barrels and net income of CA$709,000 versus a prior-year loss.</p> <p>Robert Bose, Executive Chairman of NZEC, commented in the release, saying, "The amendment provides significantly greater flexibility in how we source and deliver gas to Genesis while creating a pathway to monetize available production across our broader license portfolio. Importantly, it also accelerates the strategic opportunity associated with the development of Tariki as a gas storage facility. The combination of near-term gas sales and the longer-term gas storage opportunity provides a strong commercial framework for advancing Tariki and our surrounding assets as we look to develop critical natural gas infrastructure in New Zealand."</p> <h2 style="text-align: center;">Demand for Natural Gas on the Rise</h2> <p class="PDq2pG_selectionAnchorContainer" dir="auto" data-start="275" data-end="868">Natural gas markets are being shaped by a combination of domestic electricity demand, expanding liquefied natural gas (LNG) exports, and continued growth in U.S. production. The <a href="https://www.eia.gov/pressroom/releases/press592.php" target="_blank" data-start="452" data-end="551" rel="noopener">U.S. Energy Information Administration (EIA)</a> expects U.S. LNG gross exports to increase from an average of 15 billion cubic feet per day (Bcf/d) in 2025 to 17 Bcf/d in 2026 and 19 Bcf/d in 2027. At the same time, natural gas is expected to account for approximately 40% of U.S. electricity generation in both 2026 and 2027.</p> <p dir="auto" data-start="870" data-end="1410">Electricity demand is becoming an increasingly important consideration for natural gas investors. The EIA expects U.S. electricity generation to reach a record 4,368 billion kilowatt-hours in 2026, up 2.2% from 2025, with data-center development and increased manufacturing activity contributing to growth in commercial and industrial electricity consumption. Natural gas-fired generation remains a major source of power for meeting that demand, particularly when electricity consumption rises quickly.</p> <blockquote class="callOut left" dir="auto" data-start="870" data-end="1410">Auctus Advisors' Stephane Foucaud reiterated a price target of CA$1.60 for NZEC on September 2, 2026.</blockquote> <p dir="auto" data-start="1412" data-end="2077">The pricing environment, however, remains sensitive to the balance between production, storage, and demand.</p> <p dir="auto" data-start="1412" data-end="2077">According to the <a href="https://www.eia.gov/todayinenergy/detail.php?id=68204&amp;" data-start="1536" data-end="1622">EIA's September 2026 analysis</a>, Henry Hub natural gas averaged US$2.93 per million British thermal units (MMBtu) from June through August, 6% below the same period in 2025. Strong U.S. production and ample inventories helped limit price increases despite exceptionally hot summer weather, while maintenance at LNG terminals temporarily moderated export demand. The EIA expects U.S. dry natural gas production to reach a record 111.2 Bcf/d in 2026.</p> <p dir="auto" data-start="2079" data-end="2757">International LNG markets add another dimension to the sector. The <a href="https://www.iea.org/reports/gas-market-report-q3-2026/executive-summary" target="_blank" data-start="2146" data-end="2268" rel="noopener">International Energy Agency's Gas Market Report</a> estimates that global natural gas demand will decline approximately 0.5%, or 20 billion cubic meters, in 2026, while new LNG projects in North America, Africa, and Australia are expected to add nearly 50 billion cubic meters of supply. The IEA also expects LNG markets to remain tighter than previously anticipated in the near term because of disruptions to Middle Eastern supply, with the effects of those disruptions potentially extending into 2027.</p> <h2 style="text-align: center;">Analyst Spots Two Sectors in Pipeline</h2> <p>Auctus Advisors' Stephane Foucaud reiterated a price target of CA$1.60 for NZEC on September 2, 2026, after the company released Q2 2026 results. </p> <p>The analyst wrote, "Production is set to increase further in 4Q26 with full contributions from Tariki&#8209;1A (1.1&ndash;1.25 mmcf/d plus 15&ndash;20 bbl/d of condensate, net to NZE&rsquo;s 50% WI) and Tariki&#8209;5A (~2.5 mmcf/d net). On the oil side, activity will focus on debottlenecking and workovers. We forecast ~570 boe/d WI production in 4Q26, rising to ~700 boe/d in 1Q27."</p> <p>Foucaud noted, however, that gas storage was the company's central focus, stating that "the critical path is the procurement of compressors, given their long manufacturing lead times; delivery will ultimately determine the timing of first operations, currently expected in 1Q28."</p> <h2 style="text-align: center;">Planned Production Ramp Up</h2> <p><a href="https://finance.yahoo.com/energy/articles/zealand-energy-corp-files-second-130000591.html" target="_blank" rel="noopener">Upcoming catalysts</a> for the company include the planned restart of Tariki gas production and additional well and facility work, with hopes of debottlenecking activities beginning in Q4 2026. NZEC continues to focus on developing oil, gas, and storage opportunities in New Zealand's Taranaki basin, leveraging existing infrastructure for near-term production and longer-term storage monetization. [OWNERSHIP_CHART-3614]</p> <h2 style="text-align: center;">Ownership &amp; Share Information1</h2> <p>New Zealand Energy Corp. has a market cap of CA$22.40 million, with 55.87 million shares outstanding. The company's 52-week range is CA$0.18-CA$0.67.</p> <p>Strategic Investors own 8.15% of shares, while Management &amp; Insiders own 10.20%. The remaining 81.65% of shares are Retail. </p> <h2 style="text-align: center;">Frequently Asked Questions</h2> <p><strong>Q: What does the amended agreement mean for gas sales flexibility?</strong></p> <p>A: It allows NZEC and L&amp;M to aggregate available gas production from across three license areas for sale under the agreement with Genesis, rather than being limited to prior sources.</p> <p><strong>Q: How does this compare to Genesis Energy's current position?</strong></p> <p>A: Genesis, a diversified NZ energy company with significant retail and generation assets, gains expanded access to a flexible domestic gas supply in an isolated market facing production declines, supporting its wholesale and retail needs.</p> <p><strong>Q: What is the status of the Tariki gas storage project?</strong></p> <p>A: NZEC and L&amp;M are advancing toward a gas storage services agreement with Genesis under a non-binding MOU to contract a significant portion of capacity, building on the supply amendment.</p> <p><strong>Q: Are there upcoming catalysts?</strong></p> <p>A: Further operational progress on production growth and execution of the storage services agreement are highlighted as near-term focuses.</p> <div class="flex max-w-full flex-col gap-4 [&amp;&gt;div:has([data-free-thinking-preview-answer=true])+:is(.text-message,.relative:has(&gt;.text-message))]:-mt-2 grow"> <div class="min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1" dir="auto" tabindex="0" data-message-author-role="assistant" data-message-id="2a6b995e-ab90-4859-b7b9-5aa2c0ad1cab" data-message-model-slug="gpt-5-6-mini" data-turn-start-message="true"> <div class="flex w-full flex-col gap-1 empty:hidden"> <div class="fbskMG_root LR5Y_W_content markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling"> <p class="PDq2pG_selectionAnchorContainer" dir="auto" data-start="1315" data-end="1641"><strong data-start="1315" data-end="1350">Q: What is natural gas storage?</strong><br data-start="1350" data-end="1353" />A: Natural gas storage is the process of holding natural gas for later use, typically in underground reservoirs or other storage facilities. Storage can help balance supply and demand, provide flexibility during periods of high consumption, and improve the reliability of natural gas markets.</p> <p dir="auto" data-start="1643" data-end="2004"><strong data-start="1643" data-end="1689">Q: What is a natural gas supply agreement?</strong><br data-start="1689" data-end="1692" />A: A natural gas supply agreement is a contract between a gas producer or supplier and a buyer that establishes the terms under which natural gas may be sold and delivered. Agreements can address factors such as supply volumes, delivery points, pricing mechanisms, contract duration, and other commercial conditions.</p> <p dir="auto" data-start="2006" data-end="2321"><strong data-start="2006" data-end="2061">Q: What does MMcf/d mean in natural gas production?</strong><br data-start="2061" data-end="2064" />A: MMcf/d stands for million cubic feet per day and is a common unit used to measure natural gas production, transportation, or consumption rates. For example, 2 MMcf/d represents approximately 2 million cubic feet of natural gas produced or delivered each day.</p> <p dir="auto" data-start="2323" data-end="2634"><strong data-start="2323" data-end="2357">Q: What is the Taranaki Basin?</strong><br data-start="2357" data-end="2360" />A: The Taranaki Basin is a sedimentary basin located off and around the Taranaki region of New Zealand's North Island. It is the country's primary oil and natural gas producing region and contains established production fields, wells, pipelines, and other energy infrastructure.</p> <p dir="auto" data-start="2636" data-end="3026" data-is-last-node="" data-is-only-node=""><strong data-start="2636" data-end="2674">Q: What is gas supply flexibility?</strong><br data-start="2674" data-end="2677" />A: Gas supply flexibility is the ability of a producer, buyer, or energy system to adjust where, when, or how much natural gas is supplied in response to changing production, demand, or market conditions. Flexible supply can be particularly relevant in markets where domestic production is variable or declining and alternative sources of gas are limited.</p> </div> </div> </div> </div> <div class="z-0 flex min-h-[46px] justify-start"> </div> <div class="mt-6"> <div> <div class="flex flex-col items-center gap-3 px-4 pb-1 text-center"> <div class="text-token-text-secondary text-sm leading-5 [text-wrap:pretty]"><a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a></div> </div> </div> </div><p>Important Disclosures:</p><ol> <li>Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. </li> <li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. </li> </ol> <p>For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a></p> <p><strong>1. Ownership and Share Structure Information</strong></p> <p>The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.</p><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=32695"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=32695" width="0" height="0"> <p>( Companies Mentioned: NZ:TSX.V; NZERF:OTCQX, )</p> Wed, 30 Sep 2026 00:00:00 PST