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The Energy Report - Exclusive Articles Full Text https://www.theenergyreport.com/ Featuring investment coverage of fossil, renewable and alternative energies. Copyright 2011, Streetwise, Inc. Oil and Gas in Africa: Significant Growth Potential With an Exciting Key Shareholder and Fabulous Charts https://www.streetwisereports.com/article/2026/03/03/oil-and-gas-in-africa-significant-growth-potential-with-an-exciting-key-shareholder-and-fabulous-charts.html Source: <a href="https://www.streetwisereports.com/article/2026/03/03/oil-and-gas-in-africa-significant-growth-potential-with-an-exciting-key-shareholder-and-fabulous-charts.html?utm_medium=feed">Stewart Thomson 03/03/2026</a> Reconnaissance Energy Africa Ltd.(RECO:TSXV; RECAF:OTCQX; 0XD:FSE) is a Canadian oil and gas exploration company that has access and licences in Namibia, Gabon, Angola, and Botswana to explore and produce hydrocarbon resources. The company made a discovery last year in Namibia, named the Kavango West Discovery, and holds a second discovered oil field in Gabon, named the Loba oil field. Both discoveries are surrounded by significant exploration upside. The company's biggest shareholder and strategic partner is BW Energy, a large oil and gas company with considerable experience developing high-quality African energy projects.Reconnaissance Energy Africa Ltd. (RECO:TSXV; RECAF:OTCQX; 0XD:FSE) is a Canadian oil and gas company engaged in high-potential exploration in southern Africa with licenses in Namibia (PEL 73), a Memorandum of Understanding (MOU) in Angola, and an offshore concession in the shallow waters of Gabon (Ngulu PSC). In license block PEL 73 in Namibia, the company holds over 6.0 million acres and is progressing a play-opening exploration program in the Damara Fold Belt. In Gabon, the company recently entered an offshore block called NGULU, which offers near-term appraisal opportunities in addition to high-potential exploration prospects in a proven hydrocarbon basin. Recon Africa saw a number of advancements in 2025, including: <ul> <li>Drilling its second Damara Fold Belt well, the Kavango West 1X well, resulting in a hydrocarbon discovery.</li> <li>Expanding its prospective acreage position in the Damara Fold Belt into Angola by signing an additional MOU for 5.0 million acres at a low cost of entry.</li> <li>Entering the shallow waters offshore Gabon by executing the NGULU exploration concession, which includes an oil discovery and numerous untested exploration opportunities.</li> <li>Raising sufficient capital to fully fund the 2026 operating plan.</li> </ul> These activities set the company up for exploration growth in the coming years. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110515_1.jpg" alt="" width="726" height="409" /> <h2 style="text-align: center;">Near-Term Catalysts</h2> The company has significant near-term catalysts in 2026. <ol> <li>Production test on Kavango Discovery. 2nd Quarter. The production test will be critical in determining the deliverability of the reservoirs and ultimately the commerciality of the field. The company plans to test up to six intervals across both the Elandshoek and the Huttenburg formations.</li> </ol> <ol start="2"> <li>Appraisal well on Kavango discovery. 3rd Quarter. Upon completion of the production test, the company plans to immediately move to an appraisal well, located approximately three to four kilometres south of the Kavango West well. This appraisal location will test the expected predrill resource estimate volumes and will be an important milestone for reserves recognition and to determine commerciality.</li> </ol> <ol start="3"> <li>Gabon Resource report. 3rd Quarter. A third-party resource report outlining the potential of the concession will be published.</li> </ol> <ol start="4"> <li>Resource report Kavango West Discovery & Damara Fold Belt. 3rd Quarter.</li> </ol> <ol start="5"> <li>Loba discovery, appraisal well location selected. 4th</li> </ol> <ol start="6"> <li>Potential Final Investment Decision (FID) on Kavango discovery. Late 2026/early 2027.</li> </ol> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110547_2.jpg" alt="" width="767" height="431" /> <h2 style="text-align: center;">Namibia</h2> The company holds a 70% working interest ("WI") in PEL 73 in NE Namibia (BW Energy 20% WI, NAMCOR 10% WI), encompassing two major plays: the Damara Fold Belt and Kavango Rift Basin. The exploration licences cover an area of 6.0 million acres. The primary focus has been the expansive Damara Fold Belt, where the company has drilled two key high-potential wells, with the second well resulting in a discovery at Kavango West, announced in late 2025 (click <a href="https://reconafrica.com/investors/news-releases/reconafrica-announces-results-at-kavango-west-1x-well-onshore-namibia" target="_blank" rel="noopener">here</a> for Kavango West Press release) <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110609_3.png" alt="" width="1000" height="565" /> Kavango West Discovery. The Kavango West well drilled to 4,260 metres, which is the deepest well ever drilled onshore Namibia. The results were very encouraging. The primary objective of this well was the Otavi reservoirs. The company encountered two main intervals; the shallower objective was the Huttenberg formation, which contained: <ul> <li>Over 400 metres of gross hydrocarbons (1312 feet) in limestone units, which are heavily fractured; and</li> <li>Within those 400 metres of gross hydrocarbons, the company calculated 75 metres of net hydrocarbon pay (246 feet).</li> </ul> The deeper objective within the Otavi unit is the Elandshoek formation, which was also very encouraging. <ul> <li>The well encountered approximately 560 metres of gross hydrocarbon saturated intervals, which the company believes is heavily fractured. This is a natural gas-saturated section of over 1,800 feet where gas shows were observed throughout.</li> <li>Hydrocarbons were present at surface in the mud pits in the form of visible oil sheens, odor, and oil bubbles associated with gas shows from mud logs.</li> <li>Approximately 81 metres (265 feet) of oil shows were identified in the gross interval.</li> </ul> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110632_4.png" alt="" width="748" height="421" /> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110650_5.png" alt="" width="749" height="421" /> The company has an additional 19 prospects and leads mapped in the Damara Fold Belt play surrounding the Kavango West discovery well, representing a substantial untested exploration inventory. <h2 style="text-align: center;">Angola</h2> In April 2025, the company signed a Memorandum of Understanding with ANPG of Angola for a 5-million-acre area, adding to the acreage in Namibia, as the company believes both the fold belt and rift plays extend across the border. This strategic move ensured capturing maximum running room in the event the Kavango 1X well was a discovery. Between Recon's positions in Namibia and Angola, the company has access to approximately 11 million contiguous acres and is in a unique position to hold such a vast land position. The company expects to commence an oil seep sampling program in Angola in Q2 of this year, followed by 2D seismic later in 2026. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110718_6.png" alt="" width="766" height="431" /> <h2 style="text-align: center;">Gabon</h2> In September of 2025, the company signed the NGULU Block Production Sharing Contract, or PSC, with a low cost of entry, offering flexibility regarding timing of spending. This strategic move aligns with activity onshore, as shallow water has the advantage of lower costs and shorter cycle times compared to deepwater with sizable resource potential. The asset is attractive due to its range of opportunities, including near-term appraisal, development, and high-potential exploration. The NGULU concession spans over 1,200 square kilometers, which is equivalent to approximately 58 blocks in the Gulf of Mexico, and is largely covered with older vintage 3D seismic data. This shallow water block will provide lower drilling costs and shorter cycle time to tie-in due to existing nearby infrastructure. The Ngulu block is located in a producing hydrocarbon basin, which lowers the geological risk of activities, while still providing plenty of running room. The company is commencing 3D seismic reprocessing and expects to have enhanced data completed in the coming months. Once the seismic reprocessing is complete in the second half of 2026, a resource report will be published on the concession, to be followed with the selection of an appraisal well location. Based on the opportunities captured at Ngulu and the operating environment, ReconAfrica is excited for its future in Gabon. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110941_7.png" alt="" /> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633110957_8.png" alt="" width="720" height="404" /> <h2 style="text-align: center;">ESG – Industry-Leading ESG Program in Namibia - Making a Positive Impact on Human Lives</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633111044_9.png" alt="" width="767" height="429" /> <h2 style="text-align: center;">Exceptionally Strong Management Team with Proven Track Record</h2> Reconnaissance Energy Africa Ltd. is led by world-class management and technical teams. Click <a href="https://www.reconafrica.com/_resources/presentations/corporate-presentation.pdf?v=030202" target="_blank" rel="noopener">here</a> for management's track record. Brian Reinsborough, President and CEO Brian is a visionary executive with an exceptional record of strategic, leadership, and management successes. An industry pioneer whose passion and focused drive inspires companies and individuals to deliver excellence. He has an outstanding track record and brings 35 years of successful oil and gas exploration and production experience, including over 25 years in the deepwater Gulf of Mexico. Having worked globally for Mobil Oil, Nexen, Warburg Pincus as an Executive-In-Residence, and Venari Resources, Brian has discovered over 2.4 billion barrels of oil equivalent over the course of his career in the deepwater Gulf of Mexico. During his career, he has been involved with some of the largest discoveries in the history of the Gulf of Mexico (GoM), including Appomattox, Anchor, and Shenandoah. He has developed initial business plans and executed two Deepwater businesses into industry-recognized programs and has drilled 36 Deepwater wells in all play types in the GoM, resulting in a 50% success rate. Brian also has significant experience in attracting financing and talent for exploration-based businesses, having raised over $2.4 billion of private equity financing in his previous company. Brian completed the Program for Management Development from Harvard Business School, a Master of Arts in Geology from the University of Texas at Austin, and a Bachelor of Science in Geology from Mount Allison University, Canada. He was awarded the Ernst & Young Entrepreneur of the Year in Energy in the US in 2014 and currently serves on the Advisory Board of the University of Texas, Jackson School of Geosciences. Chris Sembritzky SVP, Exploration Chris is an experienced geologist with an outstanding track record of international exploration, appraisal, and development programs with significant business development experience. Over a 20-year career at Anadarko Petroleum, he held senior geologist roles on projects including Mozambique, Algeria, South Africa, Peru, Colombia, Ghana, Brazil, Iraq, and onshore United States. Prior to his retirement from Anadarko, Chris was the Vice President of International Exploration, Business Development, and New Ventures. Chris has developed longstanding relationships with various government agencies, national oil companies, and joint venture partners in a multitude of international settings. He holds a Master's degree in Geology from Baylor University and a bachelor's degree in environmental science and Geology from Baylor University. Chris has also been a company advisor on topics including carbonates, sedimentology, petrophysics, and seismic stratigraphy. <h2 style="text-align: center;">Shares Outstanding</h2> Approximately 379.8 million shares. <h2 style="text-align: center;">Key Shareholders</h2> Bloomberg shows that many company insiders own the stock, including the company's CEO, with over 1million shares. The most recent action shows 10 of 11 insiders increasing their positions, and 1 unchanged. <h2 style="text-align: center;">Largest Shareholder: BW Energy</h2> Bloomberg shows BW Energy holding more than 26.3 million shares, and the most recent change was an addition of more than 4 million shares (in excess of $20 million invested in the company). <h2 style="text-align: center;">2025: A Year of Progress on Multiple Strategic Fronts</h2> Investors can view the company's year-end operational update and milestones for 2026 <a href="https://www.reconafrica.com/investors/news-releases/reconafrica-provides-year-end-operational-update-progressing-projects-in-namibia-angola-and-gabon" target="_blank" rel="noopener">here</a>. <h2 style="text-align: center;">In The News</h2> The company recently closed on an upsized private placement of more than CA$36 million. <a href="https://youtu.be/Q-9YK9XJaew" target="_blank" rel="noopener">An interview with the CEO on the details of the equity raise is available here.</a> <h2 style="text-align: center;">Bullish Charts</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633111603_10.png" alt="" width="624" height="703" /> This daily chart shows the bulls in control. MACD histograms (20,40,10 series) are rising, and the lines are close to a significant buy signal cross. The price is bouncing off support in the CA$0.75 area, and the small inverse H&S pattern suggests that a surge to CA$1.00 is imminent. RSI is rising, and volume is bullish. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202633112048_11.png" alt="" width="624" height="703" /> This weekly chart is technically enticing. Massive volume is evident on the rally from the head of the huge inverse H&S pattern. The key 5,15 series moving averages are "kissing." This often occurs right before there's a big trending move. The H&S pattern target is about CA$1.80, which is also the area of the highs of recent years. The Stochastics oscillator (14,5,5 series) is looping up in the momentum zone of 50. This adds to the overall bullishness of the chart. Stock price at time of writing: CA$0.85 Short-Term Technical Price Target: CA$1.00 Medium-Term Technical Price Target: CA$1.35 Long-Term Technical Price Target: CA$1.80 Technical Rating: Speculative Buy <a href="https://www.reconafrica.com/investors/investor-presentation/" target="_blank" rel="noopener">The company's latest investor presentation is here.</a> <a href="https://youtu.be/64JwJuC-x5s" target="_blank" rel="noopener">An important Podcast update from the President and CEO and SVP Exploration can be accessed here.</a> Company Website: <a href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.reconafrica.com_&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=Xx4-VURUeFAgnWbjgzOjgVm2cU-G9MFatpY3Nog1_Uc&m=CrSMWa1RMz3zepLPWy0g-geLPoTLJT7adx93ukg9RkjFSgjAjBqhGc5xCXbAHRmP&s=hbPvf2eAo6VLaf2qLKdUtOyb5vudk5jg9kO4j8VCLHM&e=" target="_blank" rel="noopener">https://www.reconafrica.com.</a> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Reconnaissance Energy Africa Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li> <div class="x_elementToProof">For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,550.</div> </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>Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. 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> <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 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30702"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30702" width="0" height="0"> ( Companies Mentioned: RECO:TSXV;RECAF:OTCQX;0XD:FSE, ) Tue, 03 Mar 2026 00:00:00 PST Energy Co. Triples Welchau Gas Resources With Deeper Duplex Array Discovery, Eyes FY26 Well Re-Entry Catalyst https://www.streetwisereports.com/article/2026/03/03/energy-co-triples-welchau-gas-resources-with-deeper-duplex-array-discovery-eyes-fy26-well-re-entry-catalyst.html Source: <a href="https://www.streetwisereports.com/article/2026/03/03/energy-co-triples-welchau-gas-resources-with-deeper-duplex-array-discovery-eyes-fy26-well-re-entry-catalyst.html?utm_medium=feed">Stephane Foucaud 03/03/2026</a> ADX Energy Ltd. (ADXRF:OTCMKTS; ADX:ASX) sees its Welchau prospective gas resources surge more than threefold following the incorporation of the deeper Duplex Array 2 interval, with a planned FY26 well re-entry offering two high-value catalysts, according to an Auctus Advisors research note.In a research note dated March 3, 2026, analyst Stephane Foucaud of Auctus Advisors LLP raised his target price on ADX Energy Ltd. (ADXRF:OTCMKTS; ADX:ASX) from AU$0.21 to AU$0.22 per share, maintaining a Buy-equivalent stance. The revision follows a material upgrade to prospective resource estimates at the company's Welchau prospect in Austria, which now incorporates the deeper Duplex Array 2 gas-condensate interval. ADX shares trade at AU$0.03, implying a potential return to target of 588%. <h2 style="text-align: center;">Resource Upgrade: Welchau Duplex Arrays 1 & 2</h2> The central development in this report is a greater than threefold increase in Welchau's prospective resource estimates. The newly incorporated Duplex Array 2 gas-condensate interval is estimated to contain between 165 and 262 bcf of prospective gas (P50 to Pmean), alongside 5.8 to 9.2 million barrels of associated condensate. Combined across both Duplex Arrays 1 and 2, total prospective resources are now assessed at 230 to 387 bcf of gas plus 8.1 to 13.6 million barrels of condensate on a P50-to-Pmean basis — representing a 3.5x increase versus prior estimates. Auctus notes that the deeper resources could be accessed by extending the existing Welchau-1 wellbore by only approximately 600 metres to reach the shallower duplex. <h2 style="text-align: center;">Two Re-Entry Options; Significant Unrisked NAV</h2> ADX has two potential re-entry options for the Welchau-1 well. The first is a sidetrack to test the up-dip oil target, which carries an unrisked NAV of approximately AU$0.16 per share. The second option is to deepen the existing wellbore to appraise the Duplex Array 1 and 2 gas-condensate interval, with a combined unrisked NAV of AU$0.64 per share. Auctus assumes one of these activities will take place around FY26. A very high risk factor of 10% is currently applied to these prospects, reflecting their exploratory nature. Foucaud notes: "With the Strait of Hormuz closed and Qatar LNG flows constrained, European natural-gas prices have spiked, creating a more favourable backdrop for junior E&Ps with European gas exposure such as ADX Energy." <h2 style="text-align: center;">Near-Term Catalyst: HOCH Shallow-Gas Spud (April)</h2> ADX plans to spud the HOCH shallow-gas prospect in April. This prospect carries a 57% chance of success and an unrisked NAV of AU$0.01 per share. While modest relative to the Welchau opportunity, it provides a near-term operational milestone for investors. <h2 style="text-align: center;">Valuation</h2> Auctus' total unrisked valuation for ADX, based on its 2P reserves and the Austrian shallow-gas play, is approximately AU$0.08 per share. The firm's risked net asset value (ReNAV) of AU$0.23 per share encompasses: (1) producing assets, (2) shallow-gas targets, (3) Welchau-1, and (4) the Italian permit, on anticipated farm-out terms. The unrisked NAV per share stands at AU$2.017, with the P/Unrisked NAV ratio at 0.0x at the current share price. The diluted share count is 875 million shares, with a market capitalisation of approximately US$18 million and an enterprise value of US$23 million for FY26e. Key NAV components from the NAV table include: Welchau Deep gas prospect (Duplex Array 1) at AU$0.045/share (25% GCoS); Welchau Deep gas prospect (Duplex Array 2) at AU$0.046/share (10% GCoS); Welchau Updip Oil at AU$0.048/share (30% GCoS); and the Italian C.R150.AU gas prospective resources at AU$0.034/share (25% GCoS). <h2 style="text-align: center;">Financial Metrics</h2> ADX's production for FY26e is forecast at 270 boe/d (total, 6:1 mcf = 1 boe), comprising 247 bbl/d of oil and liquids and 0.1 mmcfd of natural gas. Cash flow from operations is forecast at negative US$1 million in FY26e, with net capex of US$5 million. Net debt is forecast at US$4 million for FY26e. CFPS on a diluted basis is projected at negative US$0.01 per share for FY26e. Proved plus probable reserves stand at 5 mmboe. The EV per boe (2P) is US$4.68 for FY26e. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> Disclosures for Auctus Advisors, ADX Energy Ltd., March 3, 2026 Copyright and Risk Warnings ADX Energy Ltd (“ADX” or the “Company”) is a corporate client of Auctus Advisors LLP (“Auctus”). Auctus receives, and has received in the past 12 months, compensation for providing corporate broking and/or investment banking services to the Company, including the publication and dissemination of marketing material from time to time. 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Auctus expressly disclaims and will not be held responsible in any way, for third parties who affect such redistribution. © Auctus Advisors LLP All rights reserved 2026<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30700"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30700" width="0" height="0"> ( Companies Mentioned: ADXRF:OTCMKTS;ADX:ASX, ) Tue, 03 Mar 2026 00:00:00 PST Geopolitical Distraction https://www.streetwisereports.com/article/2026/03/02/geopolitical-distraction.html Source: <a href="https://www.streetwisereports.com/article/2026/03/02/geopolitical-distraction.html?utm_medium=feed">Michael Ballanger 03/02/2026</a> Michael Ballanger of GGM Advisory Inc. shares his view of current moves in geopolitics and the stock market. He also looks at one copper stock on his list and discusses PDAC.As we head into the month of March, the headline that dominated the last weekend of February was the U.S.-Israeli attacks on key Iranian targets, which included the killing of Iranian Supreme Leader Ayatollah Ali Khamenei and (allegedly) several of his top military and political staff. Described as a "massive intelligence failure" by the Iranian leadership, the stage has been set for regime change in a country that has been threatening "Death to America" since the overthrow of the Shah of Iran in February of 1979. CNN, Fox, the BBC, and Bloomberg have been flashing headlines for the past 48 hours that have viewers morbidly riveted to the television screens grasping for any and all confirmation that the theocracy has been eliminated. Unfortunately, despite there being a democratically-elected president in Iran, the only real power lies with the Islamic clerics whose foreign policy strategy has supported (and funded) many terrorist organizations over the past three decades. <ul> <li>Hezbollah (Lebanon): Iran's most powerful and capable proxy, receiving an estimated $700 million annually. Iran provided the foundation for the group in the 1980s and continues to supply sophisticated missiles and air-defence systems.</li> <li>Hamas (Palestinian Territories): A Sunni militant group that has received up to $350 million per year as of 2023 for its operations against Israel. Support includes rocket technology and military training.</li> <li>Palestinian Islamic Jihad (PIJ): Heavily dependent on Iran for its budget, training, and weaponry. It is often described as Tehran's most loyal Palestinian proxy.</li> <li>The Houthis (Yemen): Formally known as Ansar Allah, they receive advanced UAVs (drones), ballistic missiles, and maritime attack capabilities from Iran, which they have used to target international shipping in the Red Sea. </li> </ul> As a result, years of waffling by Western nations, including the U.S., have allowed the Iranians to construct an informal yet effective counter presence to the domination of the Israeli military in the Middle East region. As always, heavy lobbying by the Israeli supporters in Washington has turned the tide, and now the world faces a direct declaration of war against Iran led by Israel and backstopped by the massive American strike force now positioned in the Gulf, armed and ready to unleash shock-and-awe power on the Iranians. I suspect that surveillance over the Straits of Hormuz will be intense, as over 20 million barrels of oil pass through the waterway each day, representing over 20% of global oil production. As the passage is only 21 miles across at its narrowest point, any steps to block tankers from navigating the Straits would be catastrophic to the world economy. However, as is the case with all geopolitical events, their impact on markets is usually short, sharp, and swift and rarely cause protracted declines in stocks or rises in gold but ancillary effects of the conflict such as the closing of the Straits of Hormuz would send oil prices into a vertical trajectory that has some pundits calling for $100/bbl. as a result. The inflationary impact of such a price spike would be immediate, so the beneficiaries would be gold and silver, but not the mining stocks, because the greater portion of input costs for those miners is energy, with a specific focus on diesel, which powers trucks, and front-end loaders and drill rigs. I expect oil to gap up into the $70 range overnight unless the evidence shows that the oil-producing facilities are untouched or that hostilities have abated. As much as I have narrowed this discussion to the weekend attacks on Iran and the death of Khamenei, it has camouflaged what I believe was an even bigger story for the global capital markets last week and that was the sudden failure of Market Financial Solutions (MFS) which specialized in housing bridging loans and, as was well-stated by Zerohedge on Sunday, "is a mutant melange of all the worst traits of both Tricolor and First Brands — last year's Private Credit implosion superstars — which collapsed virtually overnight having previously attracted backing from firms such financial giants as Barclays, Apollo's Atlas SP Partners unit, Jefferies (which is now two for two after its participation in the First Brands bankruptcy) and TPG. The practice that sank this outfit was the "rehypothecation" of underlying collateral with multiple lenders many times over, such that an asset worth £230 million has over £1.2 billion in debt pledged against it. While these practices are essentially fraud, they never get revealed until there is concern over the underlying asset, and once any one lender demands the collateral, the Ponzi scheme collapses, taking everyone with it. The MFS story surfaced on Thursday night, but the initial hiccup on Wall Street with the DJIA off over 700 points in the first hour was met with aggressive dip-buying all session, with the bulk of the sell-off not in the software stocks but in the financials, where the selling was broadly-based and across-the-board. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20263263736_1.png" alt="" width="500" height="338" /> Global skirmishes rarely cause prolonged market declines, but credit events do, as we saw in 2008 with the initial collapse of the two Bear Stearns hedge funds tied to subprime loans. Wall Street shrugged off those two failures, citing "containment" to only one firm. As we all found out later, it was not "contained" and was in fact "systemic," eventually taking the entire global financial system to the point of full-on collapse. I would point to the failures of Tricolor and First Brands last October, followed by last week's blow-up by MFS, as evidence of more cockroaches appearing in the kitchen of private credit, and just like Wall Street's full denial back in 2007 of any possible contagion, these were the headlines in October worth noting: <ul> <li>Wall Street lenders see limited fallout from bankruptcies</li> <li>JPMorgan CEO warns of potential credit market excess</li> <li>BlackRock CFO sees strong credit quality despite bankruptcies</li> </ul> To see the name "Blackrock" up there referring to "strong credit quality" is far more impactful than the events in Iran, which are now looking like a purposeful distraction, deflecting all eyes away from the escalating rot that is again starting to envelop the financial sector just as it did eighteen years ago. So, when I see the gold and silver miners in retreat next week despite rising gold and silver prices, I will look to rising oil and collapsing credit as the culprits. <h2 style="text-align: center;">Fitzroy</h2> I had the pleasure of sitting down to a luncheon with Fitzroy Minerals Inc. (FTZ:TSX.V; FTZFF:OTCQB) Chairman Campbell Smyth as well as CEO Merlin Marr-Johnson along with two current investors on Saturday and watched and listened as they mapped out the game plan for Fitzroy for 2026 and the rationale for raising over CA$20 million (announced last week) while sitting with nearly CA$12 million in the bank. A large number of investors have asked me why they elected to dilute current shareholders now instead of more drilling at both Buen Retiro and Caballos before financing. With 330 million shares issued, the new financing for "up to CA$26 million" by way of LIFE and concurrent private placement offerings could add up to 78 million additional shares, which would capitalize the deal at CA$204 million (assuming full dilution). A few subscribers came back with the "CA$204m for an exploration company not yet in production? Isn't that rich?" so when I threw that out in front of Smyth and Marr-Johnson, their explanation was at once both revealing and exciting. The key to the transaction lies in the agreement signed on July 3, 2023, when pre-Fitzroy company Ptolemy Inc. entered into the earn-in with Pucobre SA, which at the time was a US$800m Chilean copper miner specializing in small-scale oxide deposits. The terms included: <ul> <li>Work Commitment: Ptolemy must carry out a US$7,000,000 work program over four years.</li> <ul> <li>Year 1: US$2,000,000.</li> <li>Years 2–4: US$5,000,000 (minimum US$1,000,000 in any consecutive 12-month period).</li> </ul> <li>Option Exercise: In Year 5, Ptolemy can exercise the option to acquire 100% ownership with a US$4,000,000 payment.</li> <li>Royalties: Vendors retain a 2% Net Smelter Royalty (NSR), with a 1% buyback provision for US$5,000,000 prior to production. </li> </ul> Pucobre's 30% Clawback Right <ul> <li>Clawback Right: After Ptolemy completes the acquisition, Pucobre has the right to purchase back up to 30% of the local subsidiary holding the asset.</li> <li>Purchase Price: The price is calculated as three times 30% of the sum of:</li> <ol> <li>A fixed US$300,000 amount.</li> <li>All investment made by Ptolemy related to the Buen Retiro Option.</li> </ol> <li>Post-Clawback: If exercised, Pucobre will fund the project pro rata or face dilution. </li> </ul> Following these initial agreements, Fitzroy Minerals Inc. completed the acquisition of Ptolemy Mining Limited in March 2025, thereby assuming these option terms. So now, Fitzroy Minerals has until July 3, 2028, to complete the remaining terms after which they will have earned a full 100% interest in the Buen Retiro project. Where this gets interesting lies in that "clawback provision" ("CP"). If Pucobre SA elects to exercise the CP, they are obligated to pay FTZ/FTZFF 90% of all expenditures retroactive to Day One. So, if the company were to spend the entire CA$26 million in expanding both the economically-viable oxides and the newly-discovered sulphide zone, they would be refunded CA$23.4 million and wind up with 70% interest in the project. The initial expectation is an operation generating 20m lbs. of Cu with a margin of around US$4/lb. at US$6.00/lb. Cu. The CAPEX for this operation would be approximately US$50m of which Fitzroy's portion would be 70% or US$35m. Commencing in 2028, the company could potentially receive US$56m/year of free cash flow with an expected mine life of eight years. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20263263812_2.png" alt="" width="470" height="282" /> According to Marr-Johnson, that would justify a US$400m market cap or a little under US$1.00 per share for FTZ/FTZFF, and since the copper-bearing oxides at Buen Retiro have been thoroughly tested with over 40k metres of drilling, there is little risk (other than the copper price) to the achievement of that valuation. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20263263841_3.png" alt="" width="624" height="570" /> However, it will require money and lots of it in order to successfully execute the milestones set out in the earn-in agreement, so rather than gamble on the financing environment down the line, they elected to take the prudent course of action and access the larger institutional market now, and that, my friends, was simply a brilliant move. At the end of the day, they will have a CA$32m war chest with which to compete all terms of the earn-in and still have enough money for a 10,000m drill program at Buen Retiro and "at least" 7,500m of drilling at Caballos. I have never encountered any exploration company in my five-decade career that can drill out a project knowing with confidence that 90% of whatever they spend will be returned by an eager and established partner. More importantly, since equity markets are valued at over two standard deviations above the norm, with technology stocks led by "AI" now rolling over, there is no need for concern about a funding shortfall at least until well into 2027. Hopefully, by then, the company has established economic viability of the deeper Cu-bearing sulphide zone(s) and the same for Caballos, two accomplishments that would move the implied market cap for FTZ/FTZFF to north of US$1 billion (or around US$2.50 on a fully-diluted basis). One final observation from the luncheon: This is a well-oiled and seasoned team of proven professionals running Fitzroy's two flagship programs. With this financing, they have brought in large, deep-pocketed global investment firms from the U.K. and Australia as strategic investors. One of these investors that constituted the lead order in the raise gave instructions to Merlin Marr-Johnson which resonate strongly: "Go find us "BIG COPPER." With that as a clarion call, I urge all subscribers to heed the words because with that, FTZ/FTZFF has finally entered the "big leagues" of junior exploration and development as there is less risk today at CA$0.50 than there was last June at CA$0.30. <h2 style="text-align: center;">PDAC</h2> The largest collection of mining promoters on the planet can be found at noon on Sunday at the Toronto Metro Convention Centre where the Prospectors and Developers Association of Canada ("PDAC") annual convention gets underway with what could be the largest attendance in the history of the show. Established in 1932, the association expanded their annual meeting to a full-day affair and then later in 1944 moved to the Royal York Hotel to accommodate the large increase in both members and attendees. Since 1997, it has become the biggest gong-show in North America with hundreds of mining companies both junior and senior all vying for the attention of the retail and institutional investor complete with contests, featured speakers, investment workshops, and the usual parade of carnival barkers, confidence men, and charlatans all doing what they must to relieve us of our hard-earned savings all in the quest for untold wealth and instant enrichment by way of the drill bit. Mark Twain was once asked the definition of a gold mine, and he answered, "a hole in the ground with a liar at the top," in what over the years has grown to be a somewhat accurate measure of the veracity of the claims made by those looking for investors to finance a project. In the old days of the early 1900's it was farmers from southwest Ontario what had most of the disposable wealth in the country and it was their money that funded big discoveries in the north in small towns like Cobalt and Kirkland Lake that led to the discovery of the mighty Abitibi Greenstone Belt, a geological province stretching from northwestern Quebec to Wawa, Ontario that was the source of over 190–200 million ounces of gold, more than 35 billion pounds of zinc, 15 billion pounds of copper, and at least 400 million ounces of silver. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20263263917_4.png" alt="" width="624" height="324" /> Many of these discoveries were aided and abetted by the PDAC convention, where it showcased actual samples of rock containing all of the metals mentioned above. When I first attended in 1981, the booths were filled with mining people with few "suits", many "lumberjack jackets", and rarely a female. That all changed in the 1980s during a particularly flat period for the metals. During the years after gold's top in 1980 at $857 per ounce, PDAC conventions needed to re-invent themselves from standard industrial-style "workshops" that featured core shacks and claim maps to something more akin to the trade shows in Miami and Las Vegas, where the marketing wizards utilized new technologies to attract investors. By the mid-1980s, the booths were lit up with lights and music and free giveaways like key chains, calendars, and baseball caps, all designed to get bodies into the aisles where they could be corralled into booth after booth and in front of arguably the finest pitchmen on the planet. My friend Robert Bishop and I were once having a conversation in the newsletter section where Bob was signing up the odd straggler to his advisory service "The Gold Mining Stock Report" which at the time was the singular best source of junior mining information and advice that money could buy. However, Bob was struggling to make a living while twenty feet away, another newsletter writer, James Dines, had engaged two gorgeous, tall platinum blondes to man the booth, complete with jaw-dropping cleavages bursting from low-cut evening gowns. Lined up to subscribe to the vastly inferior Dines Letter were perhaps fifty to one hundred goggle-eyed "investors", all male and all clamouring for a chance to stand and fill out the forms handed to them by ladies as they bent over lasciviously to deliver the papers. Eventually, Bishop's research and diligence moved him to the pinnacle of his industry and when he retired in 2007, he was the heavyweight champion of the junior mining newsletter world with no one within miles of his title. That day, however, he was an afterthought as Dines ruled the venue. I also recall the period in the mid-1990's after Bob had delivered Dia Met Minerals ($0.60 to $60), Arequipa ($0.25 to $34.75), and Diamondfields ($0.25 to $160) and had several thousand paid subscribers as I was walking with him down one of the aisles at the convention centre when I said "Hey Bob, look behind you." at which point we both turned to see a line of perhaps fifty or sixty promoters, investor relations executives, and seniors carrying shopping bags full of baseball caps, calendars, and key chains all waiting for a chance to catch Bob's attention. I turned to him and said, "Nice entourage you've developed!" PDAC can be a great source of networking and idea-generation, but with the advent and rise of social media and the internet, the value of the conference these days is catching up with old colleagues who have enough scars on their backs and faces to have earned the right of PDAC passage. Those Johnny-come-Latelys attending for the first time after dumping all of their crypto or artificial intelligence stocks have zero scars and little right to assume the role of "PDAC Member" despite the fact that they paid the fee and now have a name tag. Attendance in 2020 was 23,000 people, and after being strictly "virtual" in 2021, it has since grown to 27,000+ in 2025. This year, the estimates are for a full 30,000 or more people to be in attendance. It should be remembered that there is a seasonal hangover just after the convention that can last for up to four months. In fact, one of the older veterans I used to speak with used to sell all of his junior mining issues and not take any phone calls until August. He once emailed me the results, and while this was back in 2011, it showed an uncanny track record of avoiding the summer doldrums in most years when interest in exploration and development issues waned, and prices retrenched right up until mid-August. His spreadsheet confirmed that the performance of the TSX Venture Exchange was inferior in most years between March and August but vastly superior between August and March. From my own years of experience, June and July can be problematic, but I always tried to focus on companies that had active catalysts attracting investor attention during those months, and have been fortunate to have benefited, for the most part. I think that the trend of metal prices will have copper at the forefront at PDAC 2026, whereas last year it was gold and silver. I also believe that the rise in valuation for many of the mid-tier metal producers are going to force investors to move down the risk-curve to begin to include non-producers and favour the developers. That should favour those companies fortunate enough to have established an economic resource. As valuations increase for the developers, it will ultimately force investors to populate the bottom rung of the junior mining food chain — the explorers — and that is where the fun should start, and also, regrettably, mark the end of the cycle. When the junior explorers start to rise on rank speculation, that is when we will be exiting the space and raising cash. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20263263944_5.png" alt="" width="624" height="570" /> As for the PDAC "curse" that has the TSXV regressing into a three to four month corrective phase, I will need to watch metal prices and energy to see if they can countermand the seasonal softness that accompanies the post-PDAC period. My guess is that the developers may dodge the bullet, but that the seniors and mid-tier names trade flat or lower. I shall remain focused on those companies with solid stories and active catalysts, most of which are contained in the GGMA 2026 Trading and Portfolio accounts. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<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 Fitzroy Minerals.</li> <li>Michael Ballanger: I, or members of my immediate household or family, own securities of: Fitzroy Minerals. 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Michael Ballanger Disclosures This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30687"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30687" width="0" height="0"> ( Companies Mentioned: FTZ:TSX.V; FTZFF:OTCQB, ) Mon, 02 Mar 2026 00:00:00 PST A Tier-One Developer Positioned for the Uranium Supply Squeeze https://www.streetwisereports.com/article/2026/02/26/a-tier-one-developer-positioned-for-the-uranium-supply-squeeze.html Source: <a href="https://www.streetwisereports.com/article/2026/02/26/a-tier-one-developer-positioned-for-the-uranium-supply-squeeze.html?utm_medium=feed">John Newell 02/26/2026</a> John Newell of John Newell & Associates reviews Laramide Resources Ltd. (LAM:TSX; LMRXF:OTCQX: LAM:ASX) to explain why he views the company as a Speculative Buy.The uranium market is no longer a "future demand" story. It has become a visible supply problem. The latest fuel market projections presented at the World Nuclear Association point to accelerating demand, shrinking inventories, and a structural deficit developing through the 2030s. Term prices have steadily trended higher over the past several years, reflecting tightening fundamentals rather than speculative excess. At the same time, governments are openly framing uranium as a strategic mineral critical to energy security. Against that backdrop, <a href="https://www.streetwisereports.com/pub/co/134?utm_medium=feed" target="_blank" rel="noopener">Laramide Resources Ltd. (LAM:TSX; LMRXF:OTCQX: LAM:ASX)</a> stands out as a multi-asset uranium developer with advanced projects in two tier-one jurisdictions: the United States and Australia. <h2 style="text-align: center;">The Macro Backdrop: Supply Is the Issue</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622654752_1.png" alt="" width="624" height="341" /> Uranium demand is not theoretical. It is visible, contracted, and measurable. Existing reactor fleets require fuel today. New build programs in China, the Middle East, and parts of Europe extend that curve outward. Small modular reactor (SMR) designs are attracting policy and capital support, reinforcing the long-term growth profile. What makes this cycle different is supply concentration. A handful of producers dominate global output, with Kazakhstan, Canada, Namibia, Australia, and Uzbekistan controlling most of the mined supply. Meanwhile, many of the countries with the largest nuclear fleets, including the United States, France, South Korea, and Japan, produce little uranium domestically. This imbalance creates geopolitical vulnerability. Post-2028 U.S. unfilled uranium requirements are projected to expand materially, and domestic supply is currently a fraction of national consumption. Energy security is no longer an abstract policy concept. It is becoming operational. That context matters for developers with permitted, scalable projects inside Western jurisdictions. <h2 style="text-align: center;">A Diversified Global Portfolio</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622654818_2.png" alt="" width="624" height="327" /> Laramide's portfolio reflects a strategic approach built around long-life assets in stable regions. In the United States, the company's core development platform is the Churchrock–Crownpoint ISR Project in New Mexico. This project carries a full Nuclear Regulatory Commission (NRC) license covering both Churchrock and Crownpoint units and has received FAST-41 designation, placing it within a federal framework intended to improve permitting coordination and transparency. The project hosts a combined resource inventory of approximately 55 million pounds U₃O₈ amenable to in-situ recovery (ISR). ISR mining offers lower surface disturbance and typically lower capital intensity relative to conventional hard-rock mining, making it particularly relevant in a supply-constrained environment. The corporate roadmap outlines targeted feasibility advancement and final investment decision milestones in 2026–2027, with construction and initial production contemplated thereafter. In Australia, Laramide controls Westmoreland in Queensland, one of the largest undeveloped uranium projects globally. The current resource base includes 48.1 million pounds Indicated and 17.7 million pounds Inferred, positioning the asset as a potential long-life, large-scale supply source once policy alignment is achieved. Westmoreland provides scale. Churchrock–Crownpoint provides a nearer-term pathway. Together, they create optionality across two continents. <h2 style="text-align: center;">Development Strategy</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622654911_3.png" alt="" width="624" height="333" /> The company's strategy is structured in phases. Near-term emphasis remains on ISR development in New Mexico. The combination of NRC licensing, FAST-41 framework inclusion, and U.S. policy support for domestic uranium production gives the project strategic relevance beyond its standalone economics. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622654929_4.png" alt="" width="624" height="288" /> Production from Churchrock is referenced as scalable from approximately 1 million pounds per year, with expansion potential. In an environment where utilities are increasingly focused on contract security, having permitted ISR capacity inside the United States carries weight. Westmoreland represents the second phase of growth. As policy clarity improves in Queensland, updated economic work and engineering refinement are expected to advance the project toward development readiness. Its size and grade profile position it as a potential long-term supplier to utilities seeking multi-decade contract coverage. In addition to these flagship assets, Laramide holds pipeline projects in New Mexico and exploration ground in Australia's Northern Territory, creating internal growth optionality. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622654953_5.png" alt="" width="624" height="313" /> <h2 style="text-align: center;">Corporate Snapshot</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622655019_6.png" alt="" width="624" height="320" /> As of the January 2026 corporate presentation, Laramide reports approximately 284 million shares outstanding and 12 million options outstanding, with roughly CA$6.5 million in cash and a market capitalization near CA $170 million at the time of disclosure. The shareholder base includes Boss Energy at 19.6%, CEO Marc Henderson with approximately 8%, ETFs holding roughly 17%, and other institutional investors at about 10%. The capital structure is relatively clean, and meaningful insider ownership helps align management with long-term equity performance. <h2 style="text-align: center;">Technical Structure</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/202622655050_7.png" alt="" width="538" height="485" /> The updated long-term chart reflects a constructive base formation. Price has been carving a sequence of higher lows, suggesting accumulation rather than distribution. Resistance from prior peaks remains overhead, but the narrowing range indicates compression. The current structure implies three potential upside objectives if the breakout confirms: CA$1.05, followed by CA$1.25, and then CA$1.60. A decisive breakout above the descending resistance trend, supported by expanding volume, would signal that a new phase of the cycle may be underway. Until that confirmation occurs, the higher-low structure remains the primary technical indicator to monitor. <h2 style="text-align: center;">Conclusion</h2> Laramide Resources (LAM:TSX; LMRXF:OTCQX; LAM:ASX) represents a Speculative Buy at the current price of ~CA$0.80 cents, for investors seeking leverage to tightening uranium fundamentals through advanced-stage assets in tier-one jurisdictions. The uranium market's structural supply gap is becoming increasingly visible. Developers with permitted, scalable projects inside energy-secure jurisdictions are positioned to benefit disproportionately if utilities accelerate contracting or if government-backed strategic procurement expands. With a defined U.S. ISR pathway and large-scale Australian optionality, Laramide offers exposure to both near-term development milestones and long-term supply leverage. Investors looking for more information can visit the company website: <a href="https://www.laramide.com/" target="_blank" rel="noopener">here.</a> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li> Laramide Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. </li> <li> <div class="x_elementToProof">For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,050.</div> </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> <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 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> John Newell Disclaimer 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30671"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30671" width="0" height="0"> ( Companies Mentioned: LAM:TSX; LMRXF:OTCQX: LAM:ASX, ) Thu, 26 Feb 2026 00:00:00 PST Board Approves Final Investment Decision for Phoenix ISR Uranium Mine https://www.streetwisereports.com/article/2026/02/26/board-approves-final-investment-decision-for-phoenix-isr-uranium-mine.html Source: <a href="https://www.streetwisereports.com/article/2026/02/26/board-approves-final-investment-decision-for-phoenix-isr-uranium-mine.html?utm_medium=feed">HoldCo Markets 02/26/2026</a> Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) advances to the construction phase with production expected by mid-2028, as HoldCo Markets raises its price target. Read on to see the new target.On February 25, 2026, HoldCo Markets published a research note on Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) following the company's announcement that its Board of Directors has made a Final Investment Decision (FID) to proceed with construction of the Phoenix ISR uranium mine in the Athabasca Basin. The firm maintains a positive view on the company and raised its 12-month price objective to CA$5.80 per share from CA$4.95 previously. The FID marks the culmination of nearly a decade of development work on the Phoenix ISR Project. With all necessary provincial and federal approvals secured and required materials procured, site preparation and construction are expected to begin in March 2026. The construction period is estimated at approximately 24 months, with ISR uranium production from Phoenix expected by mid-2028. HoldCo Markets estimates the project will produce 56 million pounds of uranium over a 10-year life of mine, making it one of the more significant uranium mines globally and the first operating ISR mine in the Athabasca Basin. Longer term, the firm expects Denison's Gryphon underground mine to begin production in 2034. Earlier in January, Denison provided updated capital cost estimates for the project. The total post-FID initial capital estimate is now approximately CA$600 million at a Class 2 cost estimate level of precision, which represents a 20% increase relative to the 2023 Phoenix Feasibility Study after adjusting for inflation. The updated estimate includes CA$65 million in contingency funds and owners' reserves. Notably, the construction timeline has been maintained at approximately 24 months despite the cost increases. A key refinement from the 2023 feasibility study is the planned installation of large-diameter wells throughout the Phase 1 mining area, enabling each well to function as either an injection or recovery well. HoldCo Markets increased its long-term uranium price assumption to US$100/lb from US$90/lb previously and maintains a targeted NAV multiple of 1.40x. The firm notes that Denison shares have delivered a year-to-date performance of +62%, topping all peers in the large-cap uranium space. At the most recent close of CA$5.89 on February 24, the new CA$5.80 price objective implies approximately 1% downside, leading the firm to conclude that shares are "currently fairly valued as much of the FID decision was incrementally getting factored in over the course of this year." Denison currently trades at a 1.43x P/NAV multiple. The company has a market capitalization of approximately CA$5.3 billion on a basic basis and an enterprise value of CA$3.7 billion, with 896.57 million basic shares outstanding. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> Disclosures for HoldCo Markets, Denison Mines Corp., February 25, 2026 The following Terms and Conditions govern the use by readers, clients, subscribers and any other use of HoldCo Markets Advisory Inc.’s (“HoldCo Markets” or “the firm”) products and associated content which is made internally and selectively distributed/accessible via holdcomarkets.com, email and/or via select social media. Any written content contained herein should be viewed strictly as analysis, observation & opinion and not in any way as investment advice. HoldCo Markets is neither a qualified financial advisor, broker or legal advisor. 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For more information or to receive future reports, please visit Home (holdcomarkets.com)<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30670"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30670" width="0" height="0"> ( Companies Mentioned: DML:TSX; DNN:NYSE.MKT, ) Thu, 26 Feb 2026 00:00:00 PST Expanding a Strategic Footprint as the Chart Turns Higher https://www.streetwisereports.com/article/2026/02/25/expanding-a-strategic-footprint-as-the-chart-turns-higher.html Source: <a href="https://www.streetwisereports.com/article/2026/02/25/expanding-a-strategic-footprint-as-the-chart-turns-higher.html?utm_medium=feed">John Newell 02/25/2026</a> John Newell of John Newell & Associates takes a look at Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB) to explain why he believes it is a Speculative Buy.When a junior begins to align operational progress with technical momentum, it deserves a fresh look. That appears to be unfolding now. <a href="https://www.streetwisereports.com/pub/co/11343?utm_medium=feed" target="_blank" rel="noopener">Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB)</a> is a Canadian mineral exploration company advancing uranium, copper, and nickel assets in Canada and Paraguay. Since our last report, the company has strengthened its South American uranium position and secured environmental permits on its Paraguayan projects, marking tangible progress beyond early-stage concept. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026225131627_2.png" alt="" width="572" height="294" /> <h2 style="text-align: center;">About the Company</h2> Vanguard Mining is focused on high-value strategic minerals that are increasingly critical to the global energy transition. Its portfolio spans uranium, copper, and nickel — three commodities that sit at the intersection of electrification, grid expansion, and nuclear energy growth. Recent news confirms that Vanguard has expanded its uranium footprint in South America while also receiving environmental permits for its Paraguayan projects. This is important. In today's regulatory environment, permitting progress is often the gating factor between a conceptual exploration story and a credible development pathway. By advancing uranium assets in a jurisdiction actively supporting resource development, Vanguard is positioning itself for leverage to a commodity that is quietly re-entering the strategic spotlight. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026225131708_3.png" alt="" width="624" height="313" /> <h2 style="text-align: center;">Management and Directors</h2> The company is led by David Greenway, CEO and Director, who brings more than 20 years of experience managing and financing public companies in the resource sector. His background is centered on capital markets execution and corporate growth strategies. CFO and Corporate Secretary Richard Robins adds over two decades of financial leadership experience, including prior roles at International Battery Metals and major financial institutions such as TD Bank and Citibank. Director Larry Segerstrom, MSc., MBA, a P. Eng and geologist with 38 years of experience, strengthens the technical side of the board, particularly in porphyry copper-gold systems. Director Andrew Mugridge contributes capital markets and investor relations depth. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026225131735_4.png" alt="" width="530" height="252" /> The advisory team includes Qualified Person Johan Shearer and GIS specialist Ken Kuiper, both of whom bring project evaluation and technical execution experience relevant to advancing exploration-stage assets. <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026225131803_5.png" alt="" width="597" height="290" /> <h2 style="text-align: center;">Share Structure</h2> Vanguard maintains a relatively tight capital structure for a multi-commodity exploration story. With a modest market capitalization, the stock remains sensitive to both exploration results and shifts in uranium or copper sentiment. For speculative investors, smaller capitalizations often offer leverage when macro tailwinds align. As uranium regains strategic importance globally and copper demand accelerates through electrification and AI-driven infrastructure buildout, companies with exposure to both can attract incremental capital. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/2026225131823_6.png" alt="" width="1000" height="217" /> <h2 style="text-align: center;">Technical Analysis (Updated February 20, 2026)</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/2026225131847_7.png" alt="" width="510" height="463" /> The updated chart confirms that Vanguard Mining Corp. has completed a significant technical transition. Both the CA$0.32 first target and the CA$0.50 second target have now been met. The breakout through former resistance occurred on expanding volume, a critical confirmation signal that accumulation was underway rather than a short-lived spike. What was once clearly marked as "back price resistance" is now attempting to change into support. This level will be important to watch during any near-term consolidation. If price holds above that former ceiling, it strengthens the case that the base structure has resolved higher. Momentum indicators remain constructive, and volume expansion during the breakout phase was decisive. The chart continues to outline: <ul> <li>Interim Target: ~CA$0.60 cents</li> <li>Third Target: CA$0.90 in play</li> <li>Big Picture Target: CA$1.50</li> </ul> From a technician's standpoint, when a stock moves from prolonged compression into vertical expansion on strong volume, it often signals a shift in how the market is valuing the story. The symmetry noted previously, "same way down, same way up," remains intact. <h2 style="text-align: center;">Conclusion</h2> Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB) is showing alignment between operational progress and technical strength. The expansion of its South American uranium footprint, receipt of environmental permits, and confirmation of breakout price targets all point to a company transitioning into a higher-visibility phase. While early-stage exploration companies remain inherently speculative, the combination of strategic uranium exposure, copper leverage, and a confirmed technical breakout supports maintaining a Speculative Buy rating at current levels of ~ CA$0.022 cents. Investors seeking leverage to uranium and copper within a tight capital structure should continue to monitor Vanguard closely. Investors can learn more at: <a href="http://www.vanguardminingcorp.com." target="_blank" rel="noopener">www.vanguardminingcorp.com</a> Investors can find my second article on Vanguard <a href="https://www.streetwisereports.com/article/2025/12/23/a-strategic-metals-setup-at-an-early-turning-point.html?utm_medium=feed" target="_blank" rel="noopener">here.</a> My first article on Vanguard Mining Corp. can be found <a href="https://www.streetwisereports.com/article/2025/08/08/powering-the-next-wave-of-strategic-minerals-an-early-stage-uranium-and-copper-explorer-shows-breakout-potential.html?utm_medium=feed" target="_blank" rel="noopener">here.</a> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Vanguard Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Vangaurd Mining Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li> <div class="x_elementToProof">For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,050.</div> </li> <li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Vangaurd Mining Corp. </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> <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 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> John Newell Disclaimer 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30666"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30666" width="0" height="0"> ( Companies Mentioned: UUU:CSE; UUUFF:OTC; SL51:FWB, ) Wed, 25 Feb 2026 00:00:00 PST Tungsten Co. Advances IMA Mine Drilling With High-Grade Results as EXIM Bank Signals US$25.5M Development Support https://www.streetwisereports.com/article/2026/02/23/tungsten-co-advances-ima-mine-drilling-with-high-grade-results-as-exim-bank-signals-us-25-5m-development-support.html Source: <a href="https://www.streetwisereports.com/article/2026/02/23/tungsten-co-advances-ima-mine-drilling-with-high-grade-results-as-exim-bank-signals-us-25-5m-development-support.html?utm_medium=feed">Dave Storms 02/20/2026</a> Stonegate Capital Partners, in a recent research note, highlighted American Tungsten Corp.'s (TUNG:CSE; TUNGF:OTCQB; RK9:FSE) underground drilling progress at the IMA Mine Project in Idaho, EXIM Bank letter of interest, and valuation upside with a midpoint of CA$3.52 per share.On February 17, 2026, Dave Storms, CFA, of Stonegate Capital Partners published a research update on American Tungsten Corp. (TUNG:CSE; TUNGF:OTCQB; RK9:FSE), a mineral exploration company focused on tungsten, molybdenum, and iron deposits in Canada and the United States. Stonegate does not issue formal ratings or price targets but provided a valuation analysis with a midpoint of CA$3.52 per share, representing significant upside from the current share price of CA$2.36. The firm uses an EV/Hectares valuation framework, applying a conservative multiple range of 0.02x to 0.04x, which returns a valuation range of CA$2.38 to CA$4.66. American Tungsten's flagship asset is the IMA Mine Project, a past-producing tungsten-molybdenum underground mine located on patented claims in east-central Idaho. The report notes that the project narrative has shifted from planning to execution, with the company completing 2,120 feet of underground drilling across six holes by mid-January. Recent exploration results include high-grade underground channel sampling from the No. 5 vein averaging 1.04% WO₃ and 2.70 oz/t Ag, alongside drill results including 31 feet grading 0.48% WO₃ and 1.84 oz/t Ag and 11.1 feet grading 1.08% WO₃ and 2.05 oz/t Ag. Management has characterized these results as supportive of defining a mineral resource and advancing metallurgy, while also highlighting silver as a potential cost-offset. On the corporate front, the company closed an upsized CA$7.0 million private placement in July 2025, issuing 14.0 million shares to strengthen the balance sheet for field execution. American Tungsten has also disclosed a Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to US$25.5 million to support development of the IMA Project. Stonegate views this as an incremental validation of the strategic importance of domestic tungsten supply and a potential pathway toward non-dilutive or structured funding. The company also holds an option to acquire the Star Mineral Property in British Columbia's Skeena Mining Division, spanning approximately 4,616 hectares. A recent airborne magnetic survey identified a 1.2 km-long anomaly, and early-stage surface samples returned iron values up to 63.3% Fe₂O₃. While not yet a production focus, the Star Project adds optionality to the company's critical mineral portfolio. From a market perspective, the report highlights that China controls over 80% of global tungsten mining and processing and approximately 61% of global reserves. China's 2024 announcement banning tungsten exports has heightened urgency for domestic U.S. production. Global tungsten demand is projected to grow from US$5.55 billion to US$9.51 billion, driven by defense, technology, and battery applications. On valuation, Stonegate's comparable company analysis shows peer EV/Hectares trading at a median of 0.11x versus TUNG at 0.02x. The firm notes that, based on the company's current enterprise value of US$86.1 million and median comp EV/NAV and EV/Reserve multiples of 0.62x and 12.9x, respectively, the implied asset NAV would be US$137.9 million on 6.7 thousand tonnes of reserves. Key risks include exploration-stage uncertainty with no formal resource estimate or Preliminary Economic Assessment completed, commodity price volatility, dependence on external financing with no revenue or cash flow, and regulatory and permitting risks. As of the most recent quarter, the company held CA$5.2 million in cash with no debt. At the current share price of CA$2.36, the stock trades approximately 33% below Stonegate's valuation midpoint of CA$3.52 and approximately 49% below the high end of the valuation range at CA$4.66. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<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 American Tungsten Corp.</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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> Disclosures for Stonegate Capital Partners, American Tungsten Corp., February 17, 2026 (a) The research analyst and/or a member of the analyst’s household do not have a financial interest in the debt or equity securities of the subject company. (b) The research analyst responsible for the preparation of this report has not received compensation that is based upon Stonegate’s investment banking revenues. (c) Stonegate or any affiliate have not managed or co-managed a public offering of securities for the subject company in the last twelve months, received investment banking compensation from the subject company in the last 12 months, nor expects or receive or intends or seek compensation for investment banking services from the subject company in the next three months. (d) Stonegate’s equity affiliate, Stonegate Capital Partners, “SCP” has a contractual agreement with the subject company to provide research services, investor relations support, and investor outreach. SCP receives a monthly retainer for these non-investment banking services. (e) Stonegate or its affiliates do not beneficially own 1% or more of any class of common equity securities of the subject company. (f) Stonegate does not make a market in the subject company. (g) The research analyst has not received any compensation from the subject company in the previous 12 months. (h) Stonegate, the research analyst, or associated person of Stonegate with the ability to influence the content of the research report knows or has reason to know of any material conflicts of interest at the time of publication or distribution of the research report. (i) No employee of Stonegate has a position as an officer or director of the subject company. Ratings - Stonegate does not provide ratings for the covered companies. Distribution of Ratings - Stonegate does not provide ratings for covered companies. Price Chart - Stonegate does not have, nor has previously had, a rating for its covered companies. Price Targets - Stonegate does not provide price targets for its covered companies. However, Stonegate does provide valuation analysis. Regulation Analyst Certification: I, Dave Storms, CFA, hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report. For Additional Information Contact: Stonegate Capital Partners, Inc. Dave Storms, CFA Dave@stonegateinc.com 214-987-4121 Please note that this report was originally prepared and issued by Stonegate for distribution to their market professional and institutional investor customers. Recipients who are not market professional or institutional investor customers of Stonegate should seek the advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents. The information contained herein is based on sources which we believe to be reliable but is not necessarily complete and its accuracy cannot be guaranteed. Because the objectives of individual clients may vary, this report is not to be construed as an offer or the solicitation of an offer to sell or buy the securities herein mentioned. This report is the independent work of Stonegate Capital Partners and is not to be construed as having been issued by, or in any way endorsed or guaranteed by, any issuing companies of the securities mentioned herein. The firm and/or its employees and/or its individual shareholders and/or members of their families and/or its managed funds may have positions or warrants in the securities mentioned and, before or after your receipt of this report, may make or recommend purchases and/or sales for their own accounts or for the accounts of other customers of the firm from time to time in the open market or otherwise. While we endeavor to update the information contained herein on a reasonable basis, there may be regulatory, compliance, or other reasons that prevent us from doing so. The opinions or information expressed are believed to be accurate as of the date of this report; no subsequent publication or distribution of this report shall mean or imply that any such opinions or information remains current at any time after the date of this report. All opinions are subject to change without notice, and we do not undertake to advise you of any such changes. Reproduction or redistribution of this report without the expressed written consent of Stonegate Capital Partners is prohibited. Additional information on any securities mentioned is available on request.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30645"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30645" width="0" height="0"> ( Companies Mentioned: TUNG:CSE; TUNGF:OTCQB; RK9:FSE, ) Fri, 20 Feb 2026 00:00:00 PST The Arsenal Beneath Our Feet: Inside the US Defense Industrial Base Consortium https://www.streetwisereports.com/article/2026/02/17/the-arsenal-beneath-our-feet-inside-the-us-defense-industrial-base-consortium.html Source: <a href="https://www.streetwisereports.com/article/2026/02/17/the-arsenal-beneath-our-feet-inside-the-us-defense-industrial-base-consortium.html?utm_medium=feed">Jason Williams 02/17/2026</a> America is rebuilding its defense supply chain from the ground up, and a select group of mining companies now sits at the center of national security.For decades, the U.S. defense conversation focused on jets, missiles, ships, and software — the visible hardware of military might. What almost nobody talked about was the industrial engine underneath it all… <h2 style="text-align: center;">The Quiet Machine Behind American Power</h2> The mines, processors, refiners, manufacturers, and logistics chains that turn rocks in the ground into weapons, infrastructure, and strategic leverage. But that engine now has a name that's finally entering the public conversation: the U.S. Defense Industrial Base Consortium. At its core, the Consortium exists to strengthen, coordinate, and secure the Defense Industrial Base — often shortened to the DIB. You can think of it as the full ecosystem of companies that supply materials, components, technology, and production capacity essential to U.S. national defense. This includes not just traditional defense contractors, but the upstream producers that make everything else possible. And in today's geopolitical reality, upstream means minerals. <h2 style="text-align: center;">Why Washington Suddenly Cares About Where Materials Come From</h2> For years, globalization made supply chains cheap, efficient, and fragile. Critical inputs were sourced wherever costs were lowest, often from geopolitical rivals. That worked… until it didn't. Trade wars, sanctions, hot conflicts, cyber warfare, and industrial espionage exposed a dangerous truth… The U.S. military cannot be stronger than its weakest supply chain link. When rare earths, uranium, silver, or specialty metals come from hostile or unstable jurisdictions, national security becomes a hostage to foreign policy. The Defense Industrial Base Consortium was built to fix that problem. Its mission isn't flashy, but it's existential… Identify vulnerabilities, coordinate domestic capacity, accelerate permitting and production, and align private companies with national defense priorities long before a crisis hits. This isn't about hypothetical future wars. It's about readiness — today. <h2 style="text-align: center;">Why Membership Is a Strategic Asset, not a Press Release</h2> For companies inside the Consortium's orbit, participation is far more than symbolic… It acts as a signal flare to Washington, the Pentagon, and capital markets that a company is strategically relevant. Membership opens doors to federal coordination, long-term procurement visibility, and policy alignment that non-members simply don't get. It also places companies inside the conversation when rules are written around permitting reform, domestic sourcing mandates, stockpiling programs, and defense funding priorities. In plain English, Consortium-aligned companies stop being "just another miner" or manufacturer. They become infrastructure. That distinction matters when governments are deciding who gets funding, who gets fast-tracked, and who becomes indispensable. And that brings us to a new and very important development: mining companies are now stepping into the defense spotlight. <h2 style="text-align: center;">Apollo Silver Corp: Silver as a Strategic Metal Again</h2> One of the more interesting names to emerge in this shift is Apollo Silver Corp. (APGO:TSX.V; APGOF:OTCQB). Silver rarely gets framed as a defense metal in popular discourse, but it absolutely should. It is critical to advanced electronics, missile guidance systems, secure communications, solar-powered defense infrastructure, and a growing range of aerospace and energy applications. Modern warfare is digital, electrified, and sensor-dense — and silver sits at the center of that reality. Apollo Silver's alignment with the Defense Industrial Base Consortium reflects a broader recognition that precious metals are no longer just financial hedges or industrial afterthoughts. They're strategic inputs. Domestic silver supply, especially from stable U.S. jurisdictions, reduces exposure to foreign bottlenecks at a time when defense systems are becoming more metal-intensive, not less. This is silver growing up. And investors who still think of it as a shiny relic are missing the plot. <h2 style="text-align: center;">MP Materials: Rare Earths, Real Power</h2> If Apollo Silver represents the rediscovery of an old strategic metal, MP Materials Corp. (MP:NYSE) represents the hard lesson of losing an entire supply chain. Rare earth elements are essential to fighter jets, precision-guided munitions, radar systems, drones, and electric propulsion. For years, the U.S. outsourced this capability almost entirely. The result was a near-total dependence on China for materials that underpin modern warfare. While it's yet to become an official member, MP Materials and its government investment reflects a national effort to reverse that mistake. By rebuilding domestic mining, processing, and magnet production capacity, MP isn't just supplying materials — it's restoring strategic autonomy. This is what "onshoring" looks like when it actually matters. Not slogans. Capacity. <h2 style="text-align: center;">Energy Fuels: Nuclear Security Starts at the Mine</h2> The third pillar in this emerging defense-miner alignment is Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American). Nuclear energy sits at a strange intersection of civilian infrastructure and national defense. Uranium fuels power grids, but it also underpins naval propulsion, deterrence credibility, and long-term strategic stability. A nation that cannot secure its nuclear fuel cycle cannot fully secure its defense posture. Energy Fuels' participation in Defense Industrial Base initiatives reflects a recognition that uranium independence is not optional. It is foundational… From fueling reactors to supporting advanced nuclear technologies, domestic uranium production is a national security imperative hiding in plain sight. This is less about profits next quarter and more about sovereignty next decade. <h2 style="text-align: center;">The Bigger Picture Most Investors Are Missing</h2> Here's the part the market is still slow to price in… The Defense Industrial Base Consortium represents a structural shift in how America thinks about industry. Efficiency is no longer king. Resilience is. Redundancy is. Domestic capacity is. That shift doesn't happen overnight, but once it starts, it doesn't reverse easily… Defense supply chains are sticky. Relationships last decades. Contracts roll forward. Strategic suppliers become embedded. For investors, that means something profound… Companies aligned with national defense priorities often enjoy longer runways, stronger political tailwinds, and a margin of safety that purely commercial players don't. Apollo Silver, MP Materials, and Energy Fuels aren't just operating in hot commodity markets. They're operating in markets that Washington has decided it cannot afford to lose. And historically, when that happens, capital follows policy. <h2 style="text-align: center;">This Isn't a Trade—It's a Theme</h2> Let's call this what it is… The Defense Industrial Base is being rebuilt in real time, under pressure, with urgency. The Consortium is the connective tissue making that rebuild possible. Mining companies inside this orbit are no longer background players. They are strategic assets. The smartest investors won't wait until everyone else starts calling these companies "defense stocks." By then, the easy money is gone. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<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 Energy Fuels Inc.</li> <li>Jason Williams: I, or members of my immediate household or family, own securities of: Apollo Silver Corp. 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a><img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30610"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30610" width="0" height="0"> ( Companies Mentioned: APGO:TSX.V; APGOF:OTCQB, EFR:TSX; UUUU:NYSE.American, MP:NYSE, ) Tue, 17 Feb 2026 00:00:00 PST Is This Lithium Co. Poised for Premium Valuation? https://www.streetwisereports.com/article/2026/02/13/is-this-lithium-co-posited-for-premium-valuation.html Source: <a href="https://www.streetwisereports.com/article/2026/02/13/is-this-lithium-co-posited-for-premium-valuation.html?utm_medium=feed">Ben Pirie 02/17/2026</a> Atlas Critical Minerals Corp. (ATCX; NASDAQ) might benefit from supply chain diversification amid geopolitical tensions and the near-term assembly of its lithium processing plant, noted an H.C. Wainwright & Co. research note.On February 5, 2026, H.C. Wainwright analyst Heiko F. Ihle, CFA, reiterated a Buy rating and US$12.00 price target on <a href="https://www.streetwisereports.com/pub/co/11040?utm_medium=feed" target="_blank" rel="noopener">Atlas Lithium Corp. (ATLX:NASDAQ)</a>, citing the company's positioning to benefit from supply chain diversification amid geopolitical tensions and the near-term assembly of its lithium processing plant. Ihle noted that Brazil's lithium market remains a significant opportunity and that Atlas' longer-term production profile should command a premium as buyers increasingly prioritize supply diversification. The analyst expects this dynamic to become more visible through ongoing M&A activity or additional offtake agreements, and believes Atlas is well-positioned as production from its site is expected to begin in the intermediate term. Regarding project development, the report highlighted that on December 22, 2025, Atlas Lithium released a progress update on project management and construction supervision contracting. Management indicated it had entered the final stage of various key steps, with the contract anticipated to be awarded later in Q1 2026 and commencement following shortly thereafter. The firm's lithium processing plant has been delivered to Brazil and remains ready for assembly. The analyst's valuation is based on a discounted cash flow model using the Grota do Cirilo project as an analog to a potential mining scenario at Das Neves. The DCF yields a project NAV of US$638.1 million using a 15% discount rate, to which a 0.45x NAV multiple is applied to account for the project's development-stage nature. After adding pro forma cash of US$31.0 million, the value of Atlas' ownership in <a href="https://www.streetwisereports.com/pub/co/11215?utm_medium=feed" target="_blank" rel="noopener">Atlas Critical Minerals Corp. (ATCX; NASDAQ)</a> at US$8.2 million, and subtracting debt of US$10.1 million, the model yields a total value of US$316.2 million, or US$11.87 per share, rounded to a US$12.00 price target. The Das Neves project model assumes initial mining of 250,000 tonnes of ore in 2026, ramping to 1.0 million tonnes in 2027–2029, and further expanding to 1.75 million tonnes from 2030 onward, with modeled production continuing into 2040. A lithium grade of 1.4%, a 60% process plant recovery rate, and a lithium concentrate price of US$1,500 per tonne are used throughout. Operating costs are estimated at US$75 per tonne in 2026, declining to US$70 per tonne thereafter. Near-term catalysts include monitoring costs as production matures, with the analyst reiterating low-cost expectations for the site. Ihle also highlighted the recent start of trading for Atlas Critical Minerals on the NYSE American, which should allow Atlas Lithium to gain additional liquidity if needed. The Salinas Project is described as a key area of future growth that has been mostly ignored by the market. Key risks include commodity price risk, technical risk associated with resource definition, and risk of construction costs at Das Neves. As of February 4, 2026, ATLX shares traded at US$4.94, representing a 58.8% discount to the US$12.00 price target. The company had an enterprise value of approximately US$107.9 million, a market capitalization of US$129 million, and 26.1 million shares outstanding on a pro forma basis. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Atlas Lithium and Atlas Critical are billboard sponsors of Streetwise Reports and pay SWR a monthly sponsorship fee between US$3,000 and US$6,000.</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 Atlas Lithium.</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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> Disclosures for H.C. Wainwright & Co., Atlas Lithium Corp., February 5, 2026 This material is confidential and intended for use by Institutional Accounts as defined in FINRA Rule 4512(c). It may also be privileged or otherwise protected by work product immunity or other legal rules. If you have received it by mistake, please let us know by e-mail reply to unsubscribe@hcwresearch.com and delete it from your system; you may not copy this message or disclose its contents to anyone. The integrity and security of this message cannot be guaranteed on the Internet. H.C. WAINWRIGHT & CO, LLC RATING SYSTEM: H.C. Wainwright employs a three tier rating system for evaluating both the potential return and risk associated with owning common equity shares of rated firms. The expected return of any given equity is measured on a RELATIVE basis of other companies in the same sector. The price objective is calculated to estimate the potential movements in price that a given equity could reach provided certain targets are met over a defined time horizon. Price objectives are subject to external factors including industry events and market volatility. RETURN ASSESSMENT Market Outperform (Buy): The common stock of the company is expected to outperform a passive index comprised of all the common stock of companies within the same sector. Market Perform (Neutral): The common stock of the company is expected to mimic the performance of a passive index comprised of all the common stock of companies within the same sector. Market Underperform (Sell): The common stock of the company is expected to underperform a passive index comprised of all the common stock of companies within the same sector. Investment Banking Services include, but are not limited to, acting as a manager/co-manager in the underwriting or placement of securities, acting as financial advisor, and/or providing corporate finance or capital markets-related services to a company or one of its affiliates or subsidiaries within the past 12 months. Distribution of Ratings Table as of February 4, 2026 IB Service/Past 12 Months Ratings Count Percent Count Percent Buy 577 87.42% 145 25.13% Neutral 58 8.79% 10 17.24% Sell 1 0.15% 0 0.00% Under Review 24 3.64% 4 16.67% H.C. Wainwright & Co, LLC (the “Firm”) is a member of FINRA and SIPC and a registered U.S. Broker-Dealer. I, Heiko F. Ihle, CFA , certify that 1) all of the views expressed in this report accurately reflect my personal views about any and all subject securities or issuers discussed; and 2) no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation or views expressed in this research report; and 3) neither myself nor any members of my household is an officer, director or advisory board member of these companies. None of the research analysts or the research analyst’s household has a financial interest in the securities of Atlas Lithium Corporation (including, without limitation, any option, right, warrant, future, long or short position). As of January 31, 2026 neither the Firm nor its affiliates beneficially own 1% or more of any class of common equity securities of Atlas Lithium Corporation. Neither the research analyst nor the Firm knows or has reason to know of any other material conflict of interest at the time of publication of this research report. The research analyst principally responsible for preparation of the report does not receive compensation that is based upon any specific investment banking services or transaction but is compensated based on factors including total revenue and profitability of the Firm, a substantial portion of which is derived from investment banking services. The Firm or its affiliates did receive compensation from Atlas Lithium Corporation for investment banking services within twelve months before, and will seek compensation from the companies mentioned in this report for investment banking services within three months following publication of the research report. H.C. Wainwright & Co., LLC managed or co-managed a public offering of securities for Atlas Lithium Corporation during the past 12 months. The Firm does not make a market in Atlas Lithium Corporation as of the date of this research report. The securities of the company discussed in this report may be unsuitable for investors depending on their specific investment objectives and financial position. Past performance is no guarantee of future results. This report is offered for informational purposes only, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such would be prohibited. This research report is not intended to provide tax advice or to be used to provide tax advice to any person. Electronic versions of H.C. Wainwright & Co., LLC research reports are made available to all clients simultaneously. No part of this report may be reproduced in any form without the expressed permission of H.C. Wainwright & Co., LLC. Additional information available upon request. H.C. Wainwright & Co., LLC does not provide individually tailored investment advice in research reports. This research report is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment strategies discussed or recommended in this research report. H.C. Wainwright & Co., LLC’s and its affiliates’ salespeople, traders, and other professionals may provide oral or written market commentary or trading strategies that reflect opinions that are contrary to the opinions expressed in this research report. H.C. Wainwright & Co., LLC and its affiliates, officers, directors, and employees, excluding its analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives (including options and warrants) thereof of covered companies referred to in this research report. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data on the company, industry or security discussed in the report. All opinions and estimates included in this report constitute the analyst’s judgment as of the date of this report and are subject to change without notice. Securities and other financial instruments discussed in this research report: may lose value; are not insured by the Federal Deposit Insurance Corporation; and are subject to investment risks, including possible loss of the principal amount invested.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30601"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30601" width="0" height="0"> ( Companies Mentioned: ATLX:NASDAQ, ) Tue, 17 Feb 2026 00:00:00 PST Uranium Explorers Uncover Massive Growth in Global Demand https://www.streetwisereports.com/article/2026/02/12/uranium-explorers-uncover-massive-growth-in-global-demand.html Source: <a href="https://www.streetwisereports.com/article/2026/02/12/uranium-explorers-uncover-massive-growth-in-global-demand.html?utm_medium=feed">Streetwise Reports 02/17/2026</a> The global uranium market began 2026 with strong momentum, as spot prices surged by about 25% in January. Read about some stocks that could be set to benefit from any upside in the sector.The global uranium market began 2026 with strong momentum, as spot prices surged by about 25% in January, surpassing US$100 per pound for the first time in two years, <a href="https://www.mining.com/uranium-market-gathers-momentum-in-2026-sprott/" target="_blank" rel="noopener">according to a report on Mining.com on February 10</a>. This rally towards its 2024 peak indicates a more supportive environment for the uranium sector compared to last year, which was characterized by volatility, Sprott Management said, according to the article. Prices initially fell in the early months but rebounded from the low US$60s to the high US$80s in the latter half of the year. Jacob White, Sprott’s ETF products director, noted that the gains in January reflect "an important shift in investor attention" from downstream nuclear themes back to the upstream supply chain, largely due to improved policy clarity. Sprott has been a major buyer of uranium, adding 4 million pounds to its uranium fund this year, bringing its total holdings to nearly 79 million pounds. In a recent note, a Sprott analyst highlighted the Trump administration’s Section 232 framework on critical minerals as a key catalyst, emphasizing uranium's importance to U.S. energy and national security, Mining.com said. This heightened strategic status could lead to further policy support and actions by the U.S. government, such as the recently announced US$2.7 billion funding to bolster domestic uranium enrichment services over the next decade. "More broadly, these actions sit within a clear ambition to quadruple U.S. nuclear capacity by 2050, including another target to have 10 new large reactors under construction by 2030," White wrote. "If the US were to quadruple nuclear capacity, it would require an extraordinary amount of incremental uranium supply." White also speculated that the U.S. government might begin taking equity stakes in uranium miners in exchange for offtake agreements with price floors, similar to transactions seen in other critical materials. <h2 style="text-align: center;">Institutional Investors Redefine Uranium as a Financial Asset Class</h2> Institutional investors are redefining uranium as a financial asset class, <a href="https://carboncredits.com/uranium-prices-2026-supply-crunch-and-rising-demand-fuel-a-nuclear-bull-market/" target="_blank" rel="noopener">according to a report by CarbonCredits.com on February 12</a>. Funds that accumulate physical uranium create additional demand beyond traditional utilities, removing supply from the spot market and increasing price volatility. Unlike utilities, financial buyers are less sensitive to short-term price fluctuations, the report noted. Their participation reduces downside risk and strengthens the long-term bullish market outlook. In addition to the shift in government policies, there is also a broader change in perception, CarbonCredits.com noted. Nuclear energy is now seen as essential for meeting rising electricity demand, powering AI infrastructure, ensuring industrial resilience, and achieving long-term climate goals. "As tech companies increasingly recognize nuclear as a strategic power source, they create a new, enduring layer of uranium demand," the article said. "<a href="https://www.fxempire.com/forecasts/article/uranium-price-forecast-supply-shock-and-nuclear-demand-set-stage-for-major-breakout-in-2026-1573406" target="_blank" rel="noopener">Analysts project</a> that the uranium market could expand to US$60.5 billion by 2030, with AI-driven demand accelerating this growth. <h2 style="text-align: center;">The 'Critical Minerals Minesterial'</h2> <a href="https://www.streetwisereports.com/article/2025/02/09/uranium-is-now-a-critical-mineral-and-this-co-is-on-a-fast-track-to-us-production.html?utm_medium=feed">The U.S. recently unveiled new initiatives</a> to establish a preferential trade bloc for critical minerals such as uranium, including coordinated price floors, as part of <a href="https://www.cnbc.com/2026/02/05/us-allies-critical-minerals-price-floors-forge-china-rare-earths-ai-chips-pax-silicchina-.html" target="_blank" rel="noopener">efforts to counter China's dominance in this vital market for technology and defense</a>. These plans were discussed at a "Critical Minerals Ministerial" in Washington, attended by representatives from 54 countries, the European Union, and senior Trump administration officials. Following the event, Washington announced bilateral critical minerals agreements with 11 countries, building on 10 similar agreements made over the past five months. Negotiations were also completed with an additional 17 nations. The objectives of these agreements are to address pricing challenges, encourage development, create fairer markets, and expand access to financing in the critical minerals sector. Secretary of State Marco Rubio, who hosted the Ministerial, also announced the creation of the "Forum on Resource Geostrategic Engagement (FORGE)," a partnership that aims to coordinate critical mineral policy and projects. "We have a number of countries that have signed on to that, and many more that we hope will do so... the purpose of FORGE is to foster collaboration and to build a network of partners across the world," Rubio said. FORGE will complement an earlier initiative between the U.S. and nine partners, known as "Pax Silica." While Pax Silica focuses on safeguarding AI-related supply chains, FORGE is designed as a broader platform to coordinate critical mineral policy, pricing, and project development. Rubio emphasized the risks associated with the concentration of critical minerals in "one country," implicitly referring to China, including geopolitical leverage and potential disruptions from pandemics or instability. <h2 style="text-align: center;">One of the Most Crucial Critical Minerals</h2> Uranium is emerging as one of the most crucial critical minerals. Predictions about increased electricity consumption from data centers are starting to come true, raising concerns about the impact on the power grid and the environment, <a href="https://www.eenews.net/articles/ai-energy-demand-by-the-numbers-and-how-it-might-affect-the-planet/" target="_blank" rel="noopener">according to a report by Benjamin Storrow for E&E News/Politico on December 24, 2025</a>. Commercial electricity demand, which serves as an indicator of data center power usage, rose by 2% in the first nine months of 2025 compared to the same period last year, following a 3% increase in 2024. This marks a significant change for the U.S. power sector, which had seen stagnant electricity demand for much of the past two decades. Demand is expected to rise even further as the Trump administration and tech companies aim to surpass China in artificial intelligence development. The consulting firm Grid Strategies forecasts that peak electricity demand nationwide could increase by 166 gigawatts by 2030, equivalent to adding 15 New York Cities over the next five years. "We’re now seeing in the data what we've all been talking about the last couple years," said Rob Gramlich, CEO of Grid Strategies. He estimated that data centers would account for 55% of the growth in U.S. electricity demand over the next five years. The growing power needs of data centers have become a political issue as electricity costs rise for consumers. AI data centers and the electrification of various industries are driving a surge in power demand that exceeds global supply, prompting companies, policymakers, and investors to reconsider nuclear power, <a href="https://www.morganstanley.com/insights/articles/nuclear-energy-investment-renaissance-2050" target="_blank" rel="noopener">according to a research report by Morgan Stanley on August 28, 2025</a>. Morgan Stanley Research projects 586 gigawatts (GW) of new global nuclear capacity by 2050, which is 53% higher than their previous forecast last year when analysts noted a "renaissance" in the industry. They now estimate that potential investments in the nuclear value chain could reach US$2.2 trillion by 2050, up from the initial US$1.5 trillion forecast. This increased momentum is expected to benefit several sectors, including uranium mining, nuclear power generation, and the construction of equipment and plants. "The nuclear renaissance has been building for some time already — with 22 nations pledging to triple nuclear capacity by 2050 at the COP28 summit in December 2023, plant life extensions in Europe, a strong pipeline in China, and Japan continuing to restart capacity," says Tim Chan, Morgan Stanley’s Head of Asia Sustainability Research. "The dual imperatives of decarbonization and energy security are making the nuclear renaissance a truly global investment theme." While natural gas is currently the primary alternative to meet AI’s energy needs, technology companies are willing to pay a premium to transition to nuclear energy. "We believe natural gas will be the primary near-term solution for powering AI data centers due to its speed to market, reliability, and flexibility, while nuclear power represents a longer-term clean energy alternative that is likely to gradually increase in importance," said Stephen Byrd, Morgan Stanley's Global Head of Sustainability Research. "Gas and nuclear are likely to play complementary roles." Overall, uranium enters 2026 with an increasingly favorable setup, White wrote for Sprott, adding that "January delivered an early reminder of uranium’s non-linear behavior when fundamentals tighten and sentiment turns." Uranium explorers and miners are set to benefit from the changes, including the following companies. <h2 style="text-align: center;">Azincourt Energy Corp.</h2> The pressure is not just coming from China, according to Alex Klenman, the president, chief executive officer, and director of <a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTC)</a>[OWNERSHIP_CHART-6171] Canada and India are on the brink of finalizing a multibillion-dollar uranium supply agreement set to span 10 years, expected to be signed during a meeting of heads of state in March, according to sources from both countries at the recently concluded India Energy Week in Goa, India, <a href="https://www.forbes.com/sites/gauravsharma/2026/02/01/canada-nears-3-billion-uranium-deal-with-india-may-be-inked-in-march/" target="_blank" rel="noopener">as reported by Gaurav Sharma for Forbes on February 1</a>. Canada, the world's second-largest uranium producer, contributes 13% to 15% of global output, according to the International Energy Agency. Meanwhile, India, the third-largest energy consumer globally, is seeking secure uranium supplies to expand its nuclear power capacity tenfold to 100 gigawatts by 2047. Both nations are eager to collaborate on this initiative, Sharma reported. According to Klenman, deals like the potential agreement between Canada and India "tighten already inadequate supply chains." "That's several billion dollars' worth of uranium removed from an already challenged market," Klenman told Streetwise Reports. "India is rapidly becoming one of the largest consumers with ambitious plans to significantly increase their fleet of reactors. In the next few years, China will surpass the USA as the world's largest consumer of uranium." Globally, there has never been this many reactors online and in the build and planning stages, Klenman said. "The world is most definitely going nuclear, and supply is nowhere near the level needed to meet growing demand," Klenman noted. "The scenario needed to push the spot (price) to an all-time high appears to be staring us in the face. It's pretty obvious the world needs more discoveries and more production." He continued, "For Azincourt, the timing to develop and bring a uranium deposit to market is extremely favorable. I'm not sure there's been a better time for explorers to confirm 'pounds in the ground.'" Azincourt recently announced assay results from its summer 2025 prospecting program at the Harrier Uranium Project in Newfoundland and Labrador. The program involved sampling across various areas of the property, including the Snegamook Uranium Deposit, Moran Heights, Brook, and several newly identified showings. The company reported that multiple surface samples yielded high-grade uranium values, with the Brook showing returning 6.28% U3O8 and up to 2.27% U3O8 along the Moran Heights trend. At the Snegamook Uranium Deposit, re-sampling of historical drill core confirmed uranium mineralization. A 10-centimeter check sample from drill hole SN-08-06 showed 2.71% U3O8, compared to a previously reported historical interval of 0.97% U3O8 over 0.5 meters. Another check sample from drill hole SN-08-18 returned 0.35% U3O8. These results confirm the quality of mineralization near the Snegamook deposit and suggest the potential for higher-grade lenses within the deposit. Sampling along the Moran Heights trend returned values up to 2.27% U3O8, while a sample from the Brook showing returned 6.28% U3O8, compared to a previously reported result of 4.86% U3O8. Azincourt also identified two new uranium showings, Boiteau Lake North Extension and Anomaly 7 East. In total, 43 hand samples were collected during the program and analyzed at ACT Labs in Ancaster, Ontario. According to Azincourt's corporate materials, the company has outlined a series of exploration and technical activities planned for the Harrier Uranium Project. These activities include diamond drilling at the Snegamook Uranium Deposit, identified as a key focus area, along with efforts to support the preparation of an NI 43-101 compliant resource estimate. The company indicated that drilling at Snegamook is part of its exploration strategy and aims to advance the understanding of uranium mineralization at the deposit. The corporate materials also detail plans for comprehensive geological and structural mapping of the mineralized system at Boiteau Lake. This work is intended to prepare for a diamond drilling program at that location. In addition to Boiteau Lake, the company stated that diamond drilling is planned at Moran Heights, where uranium mineralization has been identified through surface sampling and site investigations. 1Uranium is no longer seen as a speculative niche within the energy market; it is increasingly regarded 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 & Associates noted in a review of Azincourt on February 9</a>. The challenge lies in supply, he said. Years of underinvestment have left global uranium production unable to meet reactor demand, pushing utilities back into the long-term contracting market. These contracts are being signed at higher prices and for extended durations, further tightening the available supply. In this context, new discoveries and advanced exploration projects in stable regions are not optional — they are necessary. This shift brings overlooked junior uranium explorers back into the spotlight. Azincourt "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 noted. "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." 2Institutions hold less than 0.06% of Azincourt Energy. Institutional investors include Arrow Capital Management LLC with 0.06%. Management and insiders own 1.26%. President, CEO, and Director Alex Klenman is a major shareholder, with 0.24%. Other insider shareholders are Director Paul Reynolds and Vice President of Exploration Trevor Perkins. The rest is held by retail investors. Azincourt has 106.68 million shares outstanding, and its market cap is CA$7.47 million. Its 52-week range is CA$0.03–CA$0.27 per share. <h2 style="text-align: center;">Laramide Resources Ltd.</h2> The uranium sector is <a href="https://www.streetwisereports.com/article/2025/02/09/uranium-is-now-a-critical-mineral-and-this-co-is-on-a-fast-track-to-us-production.html?utm_medium=feed" target="_blank" rel="noopener">entering 2026 at a critical juncture</a> where effective operational execution is increasingly separating credible investment opportunities from speculative ventures, <a href="https://www.cruxinvestor.com/posts/uranium-domestic-production-timelines-accelerate-as-spot-prices-reach-17-month-highs-" target="_blank" rel="noopener">according to Henry Mann writing for Crux Investor on January 27</a>. However, equity valuations across the sector indicate ongoing institutional caution due to timing mismatches between nuclear buildouts and the upstream uranium supply response. In this environment of structural demand growth and supply fragility, companies showing tangible operational progress — such as permitting momentum — are positioning themselves to attract capital as the gap between operational reality and equity pricing narrows, Mann noted. Enter <a href="https://www.streetwisereports.com/pub/co/134?utm_medium=feed" target="_blank" rel="noopener">Laramide Resources Ltd. (LAM:TSX; LMRXF:OTCQX: LAM:ASX)</a>, a uranium developer with both in-situ and hard-rock deposits in the southwestern United States and Australia. In June 2025, <a href="https://laramide.com/laramides-churchrock-uranium-project-and-la-jara-122722/" target="_blank" rel="noopener">Laramide announced</a> that its advanced-stage uranium projects, Crownpoint-Churchrock and La Jara Mesa in New Mexico, were designated as FAST-41 covered projects by the Federal Permitting Improvement Steering Council. [OWNERSHIP_CHART-134] This designation, part of the federal infrastructure permitting program established under Title 41 of the Fixing America's Surface Transportation Act, highlights the strategic importance of Laramide's projects and streamlines the evaluation process. The FAST-41 designation places these uranium projects among a select group of federally prioritized energy initiatives, receiving enhanced permitting coordination and transparency to support the Department of Energy’s domestic uranium reserve and the U.S. government’s broader energy-security goals. "The project comprises two geographically distinct deposits: one at Crownpoint and the other at Churchrock," the company stated in a recent update sent to Streetwise Reports. "They are unified under a single U.S. Nuclear Regulatory Commission (NRC) Source Material License. This regulatory status differentiates the project from many U.S. peers that remain at earlier permitting stages." Churchrock’s current NI 43-101 Inferred Mineral Resource is 50.8 million pounds U₃O₈, based on historic drilling consolidated into a modern database. Crownpoint adds an NI 43-101 Inferred Mineral Resource of 5.1 million pounds U₃O₈, also derived from historic datasets and interpreted for ISR-style mineralization geometry, the company noted. Laramide’s U.S. portfolio is "increasingly relevant against the backdrop of declining domestic uranium production and growing demand tied to nuclear energy, including life-extensions of existing reactors and new investments linked to data centers and advanced nuclear technologies," Laramide stated in the document. "With the majority of U.S. uranium supply currently imported, projects that are licensed, permitted, or moving visibly through federal processes have taken on heightened strategic importance." Laramide has projects in the western United States and Australia, <a href="https://laramide.com/laramides-churchrock-uranium-project-and-la-jara-122722/" target="_blank" rel="noopener">according to Beacon Securities Analyst Michael Curran in a research update on November 3, 2025</a>. The Crownpoint-Churchrock project's designation as a FAST-41 project is anticipated to streamline the permitting process as part of the U.S. government's initiative to advance domestic critical mineral and metal projects toward production. This followed a similar designation for Laramide’s La Jara Mesa project in early May, also in New Mexico. "In mid-July, Laramide’s Westmoreland project in Queensland, Australia, received a Mineral Development License (MDL), which allows Laramide to proceed with studies to advance the project towards a Mining Lease (ML) application," the analyst noted. "This work is likely to include metallurgical testing, environmental, engineering and design studies, as well as feasibility-related work." In July, Laramide raised gross proceeds of CA$12 million by issuing 20 million common shares at CA$0.60 each. Beacon's 12-month fair value increased from CA$1.45 to CA$1.50 per LAM share. As this still represents significant upside from current price levels, the firm maintained its BUY rating for Laramide Resources. "In our view, Laramide represents an attractive investment for exposure to uranium developments in the top-tier mining jurisdictions," Curran wrote. "Laramide's assets are in areas of historical uranium mining, thus should have lower barriers to development than other jurisdictions." Curran explained that the firm's preferred valuation for mining equities uses cash flow-based metrics such as P/CF and P/NAV, utilizing life-of-mine production forecasts and commodity price assumptions. "However, for earlier-staged explorers where it is arguably too early to create a DCF model with much accuracy, we employ a more basic valuation metric of Adjusted Market Capitalization per total resource (AMC/lb) or Enterprise Value per resource pound (EV/lb)," the analyst wrote. For Laramide, he used a hybrid model with DCF-based valuation for Churchrock and EV/lb valuation methods for the company’s other U.S. and Australian assets. Curran noted that Beacon currently did not attribute any value to the Kazakhstan assets. <a href="https://www.streetwisereports.com/article/2025/10/21/uranium-explorers-us-projects-fast-tracked-as-nuclear-renaissance-grows.html?utm_medium=feed" target="_blank" rel="noopener">Churchrock is recognized as a development-ready asset</a>, as noted by SCP Equity Research analysts J. Chan, E. Magdzinski, and K. Kormpis in a June 3 research note. The company's January 2024 PEA forecasts a 31-year operational lifespan, producing 31.2 million pounds at an all-in sustaining cost of US$34.83 per pound using ISR extraction methods. With uranium valued at US$75 per pound, this results in a US$239 million after-tax NPV, strongly supporting Laramide's evaluation. The plan involves accelerating wellfield development to increase output to 2-3 million pounds, thereby shortening the operational timeline while improving financial outcomes. "We think Laramide scans very well on value, with two projects of reasonable size/scale in the U.S. and Australia (arguably two of the top three jurisdictions in today’s geopolitically bifurcating market)," the analysts remarked, giving the stock a Buy rating with a CA$1.35 per share target price. 2Insiders and management hold about 11% of the company, with strategic corporate entity Boss Energy Ltd. owning 19%. The remainder is held by retail investors. Other major shareholders include Alps Advisors with 9.4%, Henderson with 6.82%, Mirae Asset Global Investments LLC with 4.78%, and Vident Investment Advisory LLC with 1.1%. As of February 12, its market capitalization is CA$229.73 million, with 283.62 million shares outstanding. It trades within a 52-week range of CA$0.46 to CA$0.91. <h2 style="text-align: center;">Vanguard Mining Corp.</h2> <a href="https://www.streetwisereports.com/pub/co/11343?utm_medium=feed" target="_blank" rel="noopener">Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB)</a> announced that it has <a href="https://vanguardminingcorp.com/news/paraguay-uranium-environmental-licences-vanguard/https:/vanguardminingcorp.com/news/paraguay-uranium-environmental-licences-vanguard/" target="_blank" rel="noopener">received its final set of Environmental Licenses</a> from Paraguay's Ministerio del Ambiente y Desarrollo Sostenible (MADES), completing the licensing process for its 90,000-hectare Yuty Prometeo–San Jose Uranium Project in southeastern Paraguay. The company reported that these licenses now cover the entire land area of Yuty Prometeo–San Jose, with no further environmental approvals needed. Simultaneously, Vanguard has applied for a Prospection Permit with Paraguay's Vice Ministry of Mining and Energy (VMME), which is a crucial step toward full-scale uranium exploration authorization.[OWNERSHIP_CHART-11343] David Greenway, CEO of Vanguard Mining, stated in a company news release, "The receipt of our final MADES Environmental Licenses marks a significant permitting milestone and further advances the Yuty Prometeo–San Jose Uranium Project toward prospection authorization." The project area spans four concessions — three San Jose and one Prometeo — within the Paraná Basin. The Prometeo Concession covers approximately 27,666 hectares and is adjacent to Uranium Energy Corp.'s (UEC) Yuty Project. Historical data referenced in the news release described uranium-bearing mineralization identified in seven of 27 drill holes completed on the Prometeo property, including one hole reporting values between 0.05% and 0.10% U₃O₈ across 107 meters. The San Jose concessions cover an additional 62,210 hectares. A radiometric car survey conducted over this area identified significant uranium anomalies. Vanguard noted that all drill results are historical and have not been independently verified. The company plans to conduct confirmatory drilling to validate this information in accordance with NI 43-101. 3<a href="https://www.streetwisereports.com/article/2025/12/23/a-strategic-metals-setup-at-an-early-turning-point.html?utm_medium=feed" target="_blank" rel="noopener">In a December 23, 2025, technical commentary</a>, John Newell of John Newell & Associates referred to Vanguard Mining Corp. as a situation where "the fundamentals, the asset base, and the technical picture are beginning to align." He noted that the company holds a diversified portfolio of uranium, copper, and gold assets across the Americas, with core uranium concessions in Paraguay's Paraná Basin and base metals projects in British Columbia. He described the Yuty Prometeo Uranium Project as the company's "key property of interest" and stated it had "the greatest potential to move Vanguard's shares." Newell highlighted that the Prometeo Uno concession had returned uranium grades ranging from 0.05% to 0.10% U₃O₈ from 28 historical drill holes. He added that geophysical surveys and sampling suggested the property "aligns with the same regional trend" as known mineralization in the area. He called the setting "compelling" and pointed to upcoming confirmatory drilling as a "clear near-term catalyst that could materially de-risk the project." Regarding the company's British Columbia assets, Newell stated that the Redonda Copper-Molybdenum Project and Brussels Creek Gold-Copper-Palladium Project were "prospective for porphyry-style systems." He also noted that Vanguard holds "an early-stage lithium brine project in Argentina" for exposure to the battery metals sector. Newell acknowledged the company's oversubscribed August 2025 financing and stated that Vanguard appeared "funded for upcoming exploration programs and reducing near-term financing risk." He described the capital structure as "reasonable for a company at this stage and offers leverage to exploration success." From a technical perspective, he wrote that the stock's chart showed "a long base forming after the sharp decline seen through late 2023 and early 2024," along with a "progressive series of higher lows, accompanied by improving volume, suggesting accumulation rather than distribution." He identified several upside targets, including CA$0.32 (met), CA$0.50, CA$0.90, and a broader long-term target of CA$1.50. Newell concluded, "With a tight share structure, experienced management, exposure to uranium and copper in proven jurisdictions, and a constructive technical setup, Vanguard Mining checks several boxes for speculative investors." He assigned the company a "Speculative Buy rating." Vanguard Mining detailed several upcoming programs and policy developments related to its uranium and copper-gold exploration assets in its investor presentation. In Paraguay, the company plans to carry out a confirmatory drilling program. The goal of this initiative is to validate historical results and potentially align the concession with the nearby uranium trend linked to UEC's Yuty project. Vanguard noted that successful assay results could pave the way for a maiden resource estimate. In British Columbia, the company has scheduled trenching and drilling activities at its Brussels Creek Project. These efforts aim to test priority gold-copper targets identified through past exploration. The company emphasized that the project's proximity to infrastructure such as highways, power, and services could lower exploration and development risks. Additionally, the company's August 2025 financing, which raised CA$2.32 million, was highlighted in the investor presentation as providing funding for uranium exploration in Paraguay and gold-copper work in British Columbia. 2Management and insiders own 2.58% of Vanguard Mining, with the remainder held by retail investors. Vanguard Mining Corp. has 76,306,621 shares outstanding and an estimated market capitalization of approximately US$19.76 million, based on recent trading prices. Shares trade within a 52-week range of US$0.11 to US$0.66. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Laramide Resources Ltd. and Vanguard Mining Corp. are billboard sponsors of Streetwise Reports and pay SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Azincourt Energy Corp. and Vanguard Mining Corp. have consulting relationships with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</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. and Vanguard Mining 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the John Newell article published on February 9, 2026 <ol start="1" type="1"> <li>For the quoted article (published on February 9, 2026), the Company 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> 2. Ownership and Share Structure Information 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. 3. Disclosure for the quote from the John Newell article published on December 23, 2025 <ol start="1" type="1"> <li>For the quoted article (published on December 23, 2025), the Company 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> John Newell Disclaimer 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. <img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30595"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30595" width="0" height="0"> ( Companies Mentioned: AAZ:TSX.V; AZURF:OTC, LAM:TSX; LMRXF:OTCQX: LAM:ASX, UUU:CSE; UUUFF:OTC; SL51:FWB, ) Tue, 17 Feb 2026 00:00:00 PST Energy Innovator Secures Strategic Partnership for AI Data Center Campus https://www.streetwisereports.com/article/2026/02/12/energy-innovator-secures-strategic-partnership-for-ai-data-center-campus.html Source: <a href="https://www.streetwisereports.com/article/2026/02/12/energy-innovator-secures-strategic-partnership-for-ai-data-center-campus.html?utm_medium=feed">Streetwise Reports 02/13/2026</a> Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FRA) announces it has signed a letter of intent (LOI) to form a joint venture (JV) with Comstock Holding Companies Inc. Read to see how the company is positioning itself at the intersection of energy and AI infrastructure.Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FRA), an energy innovation firm at the intersection of energy and AI infrastructure, announced it signed a letter of intent (LOI) dated February 11, 2026, to form a joint venture (JV) with Comstock Holding Companies Inc., <a href="https://feeds.issuerdirect.com/news-release.html?newsid=5156397969535168&symbol=JROOF,JEV:CA" target="_blank" rel="noopener">according to a release on February 12</a>. The strategic partnership is focused on acquiring and developing land around Jericho's existing energy assets in Oklahoma, Jericho said. Comstock is a diversified real estate company with over 40 years of experience in investing, developing, acquiring, owning, and operating various types of residential, commercial, and mixed-use real estate, while also providing supply-chain and management services to institutional investors, lenders, owners, and municipalities. "We are pleased to welcome Comstock, a leading real estate investor and developer, as a major shareholder and strategic partner of JEV," Jericho Chief Executive Officer Brian Williamson said. "Their investment validates the quality of our energy assets and our strategy to develop premier AI data center campuses integrated within our robust Oklahoma energy infrastructure. This partnership strengthens our platform and positions the Company well for its next phase of growth." As part of the proposed joint venture, Comstock has agreed to invest in Jericho through an initial non-brokered private placement for gross proceeds of US$1.5 million, subject to regulatory approvals, including acceptance by the TSX Venture Exchange, the release said. The financing will consist of 25,684,932 units priced at CA$0.08 per unit. Each unit will include one variable voting share of the company and one-half of one share purchase warrant. Two warrants will allow the holder to acquire one variable voting share at an exercise price of CA$0.20 per warrant share, exercisable for 24 months from issuance. Additionally, the company may offer up to an additional 20,000,000 Units under the private placement on the same terms as Comstock's investment, depending on investor demand. Comstock's founder and CEO, Chris Clemente, is expected to join Jericho's board of directors following Exchange approval, Jericho said. According to public filings and media reports, Clemente and billionaire real estate investor Dwight Schar — founder of Fortune 500 company NVR Inc., the third-largest homebuilder in the U.S. — each own approximately one-third of Comstock's outstanding shares, together representing an insider-controlled majority of the company. The net proceeds from the financing will be used to accelerate the development of Jericho's planned flagship AI data center campus and related energy infrastructure in Oklahoma, as well as for general working capital needs. Once finalized, the joint venture aims to assemble a portfolio of strategically located land that integrates Jericho's subsurface energy infrastructure with surface land interests, supporting the development of large-scale AI data center campuses and related digital infrastructure. Comstock is expected to contribute US$6 million to the newly formed JV and may choose to participate in a subsequent private placement financing to Jericho or facilitate an indirect capital contribution from the JV to Jericho. "We are excited to collaborate with Brian Williamson and the Jericho team," Clemente said. "Comstock and Jericho will be focused on accelerating the planning of a world-class AI data center campus and master plan on land indirectly controlled by Jericho, thereby creating significant value for all stakeholders." The closing of the financing is subject to the negotiation of certain definitive terms and conditions, including Exchange approval. The securities issued under the financing will be subject to a four-month hold period under applicable Canadian securities laws and the rules of the Exchange. The financing is expected to close following conditional approval from the Exchange. <h2 style="text-align: center;">Building 'Cutting-Edge' Custom AI Data Centers</h2> Jericho is "leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI Data Centers," the company has stated. "With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions — reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets." In December, Jericho announced a significant advancement in immediate power accessibility at its first AI Data Center Campus in Noble County, Oklahoma, a key part of JEV's 41,000-acre energy portfolio. Recent regulatory updates by the grid operator, Southwest Power Pool, have expedited the interconnection process for new generation resources. Additionally, a newly constructed 345 kV transmission line crossing Jericho's AI Campus site positions it for rapid grid interconnection and improved access to reliable power, providing 20 MW of available capacity. This is supported by robust, scalable infrastructure with the potential to supply multiple gigawatts of combined grid power and natural-gas generation for custom data center development. "Access to immediate, scalable power is the linchpin of successful data center development," Williamson has said. "With 20 megawatts available in early 2026 and SPP clearing a pathway to gigawatt-scale capacity, our AI Campus is now uniquely positioned to meet the surging energy demands of next-generation digital infrastructure." <h2 style="text-align: center;">A 'General Buy Signal' Giving a Positive Forecast for the Stock</h2> <a href="https://stockinvest.us/stock/JEV.V" target="_blank" rel="noopener">According to an AI technical analysis of the stock on February 11 by StockInvest.us,</a> The stock is currently positioned in the upper section of a broad and declining trend in the short term, which could present a strong selling opportunity for short-term traders, as a reaction toward the lower part of the trend is anticipated. "The Jericho Energy Ventures Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average," the website noted. "Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock." If the stock continues to rise, it will encounter resistance from the short-term Moving Average at approximately US$0.0957. Conversely, if it declines, it will find support from the long-term average at around US$0.0904, StockInvest.us said. Breaking above the short-term average will trigger a buy signal, while breaking below the long-term average will trigger a sell signal. Volume increased on the last trading day while the price remained unchanged. Although this is not a classic divergence, it suggests that the stock should be monitored closely as it may be at a "turning point." <h2 style="text-align: center;">The Catalyst: Americans Using More Power Than Ever Before</h2> The Trump administration is seeking public commitments from some of the world’s largest technology companies to adhere to a new agreement governing the rapid expansion of AI data centers, according to two administration officials who spoke on condition of anonymity, <a href="https://www.politico.com/news/2026/02/09/trump-administration-eyes-data-center-agreements-amid-energy-price-spikes-00772024" target="_blank" rel="noopener">reported Sophia Cai, Jason Plautz, and James Bikales for Politico on February 9</a>. A draft of this agreement, obtained by POLITICO, outlines commitments aimed at ensuring that energy-intensive data centers do not lead to higher household electricity prices, strain water resources, or compromise grid reliability. It also emphasizes that the companies driving demand should bear the costs of building new infrastructure. The proposed agreement, which is still in draft form and subject to change, is intended as a voluntary pact between President Donald Trump and major U.S. tech companies and data center developers. It could involve commitments from AI leaders like OpenAI, Microsoft, Google, Amazon, and Facebook parent Meta, among others, to adhere to a broad set of energy, water, and community principles. None of these companies immediately responded to requests for comment. The administration plans to unveil the initiative with a high-profile White House event, although it has not been formally announced yet, and it is unclear which companies have agreed to the compact or been invited to participate. The decentralized nature of the U.S. electricity grid means that grid operators, state regulators, and utilities would need to agree to set rules or craft contracts to make parts of the proposed compact actionable. In a notable departure from nearly two decades of stagnant U.S. electricity consumption, Americans are now using more power than ever before, <a href="https://www.icf.com/insights/energy/impact-rapid-demand-growth-us#:~:text=In%20a%20sudden%20shift%20from,VP%2C%20Climate%20Change%20and%20Sustainability" target="_blank" rel="noopener">according to a report by ICF International</a>. The rapid growth of data centers to support AI technology, along with a surge in new manufacturing and oil and gas production, is significantly boosting industrial electricity demand. Additionally, the increased use of electric vehicles, heat pumps, and other energy-intensive products is further driving this growth. ICF's analysis indicates that U.S. electricity demand is projected to rise by 25% by 2030 and by 78% by 2050, compared to 2023 levels. This surge in demand has important implications for the reliability and affordability of electricity. For residential customers, electricity rates could increase by 15% to 40% by 2030, depending on the market, and some rates might even double by 2050.[OWNERSHIP_CHART-7025] <a href="https://www.streetwisereports.com/cs/ce/view/na/29301?utm_medium=feed#:~:text=S.%20Global%20Investors%2C-,Frank%20Holmes%20noted,-that%20government%20policy" target="_blank" rel="noopener">In a piece for U.S. Global Investors</a>, Frank Holmes likened the current advancements in AI to the scale and ambition of the defense expansion during the Reagan era or the shale boom of the 2010s. <a href="https://www.grandviewresearch.com/industry-analysis/data-center-market-report" target="_blank" rel="noopener">According to Grand View Research</a>, the global data center market size was estimated at US$347.6 billion in 2024 and is expected to reach US$652.01 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.2% from 2025 to 2030. "The rapid adoption of digital transformation initiatives, cloud computing, and emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) have substantially increased demand," Holmes noted. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Around 41% of Jericho's shares are held by management and insiders. They include CEO Brian Williamson, who owns 1.38%; founder Allen Wilson, who owns 0.99%; and board member Nicholas Baxter, who owns 0.49%. Around 34% of shares are held by the company's "Top 10 external shareholders." The rest is in retail. JEV's market cap is CA$28.88 million, and it trades in a 52-week range of CA$0.08 and CA$0.21. It has 304.03 million shares outstanding, about 220.98 million floating. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<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 Jericho Energy Ventures 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30591"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30591" width="0" height="0"> ( Companies Mentioned: JEV:TSX.V; JROOF:OTC; JLM:FRA, ) Fri, 13 Feb 2026 00:00:00 PST Final Approval Clears the Way for Full-Scale Uranium Push in Paraguay https://www.streetwisereports.com/article/2026/02/10/final-approval-clears-the-way-for-full-scale-uranium-push-in-paraguay.html Source: <a href="https://www.streetwisereports.com/article/2026/02/10/final-approval-clears-the-way-for-full-scale-uranium-push-in-paraguay.html?utm_medium=feed">Streetwise Reports 02/23/2026</a> Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB) received its final environmental licences for the Yuty PrometeoSan Jose Uranium Project in southeastern Paraguay. Read how the approvals complete the permitting process and coincide with Vanguards application for a Prospection Permit to advance uranium exploration.<a href="https://www.streetwisereports.com/pub/co/11343?utm_medium=feed" target="_blank" rel="noopener">Vanguard Mining Corp. (UUU:CSE; UUUFF:OTC; SL51:FWB) </a>announced <a href="https://vanguardminingcorp.com/news/paraguay-uranium-environmental-licences-vanguard/https://vanguardminingcorp.com/news/paraguay-uranium-environmental-licences-vanguard/" target="_blank" rel="noopener">that it has secured its final set of Environmental Licences from Paraguay's Ministerio del Ambiente y Desarrollo Sostenible (MADES), completing the licensing process for its 90,000-hectare Yuty Prometeo–San Jose Uranium Project in southeastern Paraguay.</a> The company reported that the Environmental Licences now cover the entire land position at Yuty Prometeo–San Jose, with no additional environmental approvals required. Concurrently, Vanguard has submitted an application for a Prospection Permit with Paraguay's Vice Ministry of Mining and Energy (VMME), which is described as a critical step toward full-scale uranium exploration authorization. This development coincides with Paraguay's growing profile in the global critical minerals sector, highlighted by its participation alongside the United States in a high-level ministerial summit in Washington, D.C., hosted by the U.S. Department of State. The meeting on February 4 addressed cooperation on uranium, lithium, and rare earth element supply chains. Paraguay's Deputy Minister of Mines and Energy, Mauricio Bejarano, cited rising global demand as a factor drawing international attention to the country. <a href="https://vanguardminingcorp.com/news/paraguay-uranium-environmental-licences-vanguard/" target="_blank" rel="noopener">David Greenway, Chief Executive Officer of Vanguard Mining, stated in a company news release,</a> "The receipt of our final MADES Environmental Licences marks a significant permitting milestone and further advances the Yuty Prometeo–San Jose Uranium Project toward prospection authorization." According to the company, the project area spans four concessions — three San Jose and one Prometeo — within the Paraná Basin. The Prometeo Concession covers approximately 27,666 hectares and is adjacent to Uranium Energy Corp.'s (UEC) Yuty Project. Historical data referenced in the news release described uranium-bearing mineralization identified in seven of 27 drill holes completed on the Prometeo property, including one hole reporting values between 0.05% and 0.10% U₃O₈ across 107 meters. The San Jose concessions cover an additional 62,210 hectares. A radiometric car survey conducted over this area identified significant uranium anomalies. Vanguard noted that all drill results are historical in nature and have not been independently verified. The company intends to complete confirmatory drilling to validate this information in accordance with NI 43-101. <h2 style="text-align: center;" data-start="257" data-end="282">Uranium Market Sees Rising Production and Tightening Supply</h2> <a href="https://www.mining.com/kazatomprom-plans-9-uranium-output-rise-this-year/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=33af394060-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-33af394060-606677560" target="_blank" rel="noopener">According to a February 2 report from Mining.com, uranium production forecasts increased as Kazatomprom projected 71.5 to 75.4 million pounds of U₃O₈ output, marking a 9% rise over the previous year</a>. The company attributed the increase to ramp-up activities at its Budenovskoye joint venture in southern Kazakhstan. Analyst Alexander Pearce of BMO Capital Markets noted the projection was 6% higher than BMO's internal estimates and commented that "the update could see some modest pressure on uranium prices via a slightly reduced supply deficit near-term." <a href="https://www.mining.com/sprott-uranium-buying-hits-milestone-but-spot-price-falls/?utm_source=Rock+Daily+%7C+RCKS+Master+Audience&utm_campaign=6d3d5fabb8-EMAIL_CAMPAIGN_2018_04_10_COPY_01&utm_medium=email&utm_term=0_2d6e7dc0d4-6d3d5fabb8-606677560#:~:text=Sprott%27s%20energy%20metal%20holdings%20now,on%20Wednesday." target="_blank" rel="noopener">In a February 4 article published by Mining.com, Blair McBride reported that the Sprott Physical Uranium Trust purchased 250,000 pounds of uranium oxide</a>, bringing its first-quarter total to 3.65 million pounds. That purchase contributed to a total inventory of 78.4 million pounds and marked Sprott's second-highest quarterly acquisition in four years. The report noted that the uranium spot price fell from US$101.55 per pound to US$91.80 per pound during the same week. <a href="https://sprottetfs.com/media/ojqpjwc1/urnm-5-reasons-to-invest.pdf?_cldee=Ib0S3IH9z8Er4P7rfn_UbnhALF2rUAzM9wkum8VDRfqTYC1skyndiKgv-cRLPQj8vFiCZlpgNFfzPa4yR8nenQ&recipientid=lead-a6e4c51750e6f0118406000d3ae8c4d1-19b288534f174b479d889579513dcac3&esid=2ef3d15e-9c02-f111-8407-70a8a50a7022" target="_blank" rel="noopener">Materials from Sprott.com released in February outlined broader sector dynamics</a>. The firm stated there were 436 operational nuclear reactors globally, with 190 additional units either planned or under construction, based on data from the World Nuclear Association as of January 13. Sprott wrote that "global uranium production in 2024 covered less than 80% of reactor demand," with the shortfall offset by inventory drawdowns and spot market activity. It also noted that uranium inventories at nuclear power plants had reached "strategic lows," creating what the firm described as significant pent-up demand from utilities. Sprott further explained that even if all existing and planned uranium mines operated at peak levels, they were not expected to meet projected reactor demand through 2045. The firm stated that this shortfall could reach 1.4 billion pounds under current scenarios and up to 3 billion pounds if global nuclear capacity were to triple. The report also highlighted that uranium and uranium miners had outperformed other major asset classes over the prior five-year period, based on internal performance tracking. <h2 style="text-align: center;" data-start="103" data-end="134">"Key Property of Interest": Analyst Flags Vanguard's Uranium Project as Standout Asset</h2> 1<a href="https://www.streetwisereports.com/article/2025/12/23/a-strategic-metals-setup-at-an-early-turning-point.html?utm_medium=feed" target="_blank" rel="noopener">In a December 23 technical commentary, John Newell of John Newell & Associates referred to Vanguard Mining Corp. as a situation where "the fundamentals, the asset base, and the technical picture are beginning to align." </a>He noted that the company held a diversified portfolio of uranium, copper, and gold assets across the Americas, with core uranium concessions in Paraguay's Paraná Basin and base metals projects in British Columbia. He described the Yuty Prometeo Uranium Project as the company's "key property of interest" and stated it had "the greatest potential to move Vanguard's shares." Newell highlighted that the Prometeo Uno concession had returned uranium grades ranging from 0.05% to 0.10% U₃O₈ from 28 historical drill holes. He added that geophysical surveys and sampling suggested the property "aligns with the same regional trend" as known mineralization in the area. He called the setting "compelling" and pointed to upcoming confirmatory drilling as a "clear near-term catalyst that could materially de-risk the project." Regarding the company's British Columbia assets, Newell stated that the Redonda Copper-Molybdenum Project and Brussels Creek Gold-Copper-Palladium Project were "prospective for porphyry-style systems." He also noted that Vanguard held "an early-stage lithium brine project in Argentina" for exposure to the battery metals sector. Newell acknowledged the company's oversubscribed August 2025 financing and stated that Vanguard appeared "funded for upcoming exploration programs and reducing near-term financing risk." He described the capital structure as "reasonable for a company at this stage and offers leverage to exploration success." From a technical perspective, he wrote that the stock's chart showed "a long base forming after the sharp decline seen through late 2023 and early 2024," along with a "progressive series of higher lows, accompanied by improving volume, suggesting accumulation rather than distribution." He identified several upside targets, including CA$0.32 (met), CA$0.50, CA$0.90, and a broader long-term target of CA$1.50. Newell concluded, "With a tight share structure, experienced management, exposure to uranium and copper in proven jurisdictions, and a constructive technical setup, Vanguard Mining checks several boxes for speculative investors." He assigned the company a "Speculative Buy rating." <h2 style="text-align: center;" data-start="2590" data-end="2633">Upcoming Work and Regulatory Milestones</h2> <a href="https://vanguardminingcorp.com/Vanguard_Mining_investor_presentation.pdf" target="_blank" rel="noopener">Vanguard Mining outlined several near-term programs and policy developments related to its uranium and copper-gold exploration assets in its investor presentation</a>. In Paraguay, the company plans to conduct a confirmatory drill program. The objective of this program is to validate historical results and potentially align the concession with the adjacent uranium trend associated with UEC's Yuty project. Vanguard noted that successful assays would support a maiden resource estimate pathway. In British Columbia, the company has scheduled trenching and drilling at its Brussels Creek Project. These efforts are aimed at testing priority gold-copper targets identified through historical exploration. The company highlighted that the project's proximity to infrastructure such as highways, power, and services may reduce exploration and development risk. Additionally, the company's August 2025 financing, which raised CA$2.32 million, was described in the investor presentation as providing funding for uranium exploration in Paraguay and gold-copper work in British Columbia. [OWNERSHIP_CHART-11343] Market and policy catalysts identified in the company's investor materials included increasing uranium spot prices, an expanding global fleet of nuclear reactors, and support from U.S. initiatives such as Section 232 tariffs on critical minerals. The company also pointed to rising electricity demand from artificial intelligence and data centers as a relevant factor supporting interest in nuclear energy. <h2 style="text-align: center;">Ownership and Share Structure2</h2> 3.95% of Vanguard Mining is owned by management and insiders. The rest is retail. Vanguard Mining Corp. has 76,306,621 shares outstanding and an estimated market capitalization of approximately US$12.36 million, based on recent trading prices. Shares trade in a 52-week range between US$0.06 and US$0.49. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Vanguard Mining is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Vanguard Mining has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</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 Vanguard Mining.</li> <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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting" target="_blank" rel="noopener">here.</a> 1. Disclosure for the quote from the John Newell article published on December 23, 2025 <ol start="1" type="1"> <li>For the quoted article (published on December 23, 2025), the Company 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> John Newell Disclaimer 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. 2. Ownership and Share Structure Information 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30570"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30570" width="0" height="0"> ( Companies Mentioned: UUU:CSE; UUUFF:OTC; SL51:FWB, ) Mon, 23 Feb 2026 00:00:00 PST Uranium Is Now a Critical Mineral, and This Co. Is On a Fast Track to US Production https://www.streetwisereports.com/article/2025/02/09/uranium-is-now-a-critical-mineral-and-this-co-is-on-a-fast-track-to-us-production.html Source: <a href="https://www.streetwisereports.com/article/2025/02/09/uranium-is-now-a-critical-mineral-and-this-co-is-on-a-fast-track-to-us-production.html?utm_medium=feed">Streetwise Reports 02/09/2026</a> The U.S. introduces new initiatives aimed at forming a preferential trade bloc for critical minerals like uranium. This company is on a literal fast-track for its projects in the Southwest.Last week, the U.S. introduced new initiatives aimed at forming a preferential trade bloc for critical minerals like uranium, including coordinated price floors, as part of efforts to counter China's dominance in this essential market for technology and defense, <a href="https://www.cnbc.com/2026/02/05/us-allies-critical-minerals-price-floors-forge-china-rare-earths-ai-chips-pax-silicchina-.html" target="_blank" rel="noopener">according to a CNBC report on February 5 by Dylan Butts.</a> These plans were discussed at a "Critical Minerals Ministerial" in Washington, which included representatives from 54 countries, the European Union, and senior Trump administration officials. Following the event, Washington announced that it had signed bilateral critical minerals agreements with 11 countries, building on 10 similar agreements made over the past five months. Negotiations were also completed with an additional 17 nations. The Trump administration's new minerals stockpile initiative, known as "Project Vault," can encompass any materials identified as "critical" by the U.S. Geological Survey, a White House official told CNBC, <a href="https://www.cnbc.com/2026/02/03/trump-stockpile-critical-minerals-reserve-project-vault.html">according to another February 3 report by Pippa Stevens and Spencer Kimball for the website</a>. The agency, which is part of the Interior Department, lists over 50 minerals as critical, including rare earths, lithium, uranium, and copper. These minerals are considered essential for national security, economic stability, and supply chain resilience. According to the USGS, these minerals are crucial because they "underpin key industries, drive technological innovation, and support critical infrastructure vital for a modern American economy." The objectives of these agreements are to tackle pricing challenges, encourage development, create fairer markets, and expand access to financing in the critical minerals sector. Secretary of State Marco Rubio, who hosted the Ministerial, also announced the creation of the "Forum on Resource Geostrategic Engagement (FORGE)" on Wednesday. This partnership aims to coordinate critical mineral policy and projects. "We have a number of countries that have signed on to that, and many more that we hope will do so... the purpose of FORGE is to foster collaboration and to build a network of partners across the world," Rubio said. FORGE will complement an earlier initiative between the U.S. and nine partners, known as "Pax Silica." While Pax Silica focuses on safeguarding AI-related supply chains, FORGE is designed as a broader platform to coordinate critical mineral policy, pricing, and project development. Rubio highlighted the risks associated with the concentration of critical minerals in "one country," implicitly referring to China, including geopolitical leverage and potential disruptions from pandemics or instability. <h2 style="text-align: center;">AI, Data Centers Begin Impacting Power Grids</h2> Uranium is becoming one of the most important of these minerals. Predictions of increased electricity consumption from data centers are beginning to materialize, raising concerns about the impact on the power grid and the environment, <a href="https://www.eenews.net/articles/ai-energy-demand-by-the-numbers-and-how-it-might-affect-the-planet/">according to a report by Benjamin Storrow for E&E News/Politico on December 24, 2025</a>. Commercial electricity demand, which serves as a proxy for data center power usage, rose by 2% in the first nine months of 2025 compared to the same period last year, following a 3% increase in 2024. This marks a significant shift for the U.S. power sector, which had experienced flat electricity demand for much of the past two decades. Demand is expected to climb even higher as the Trump administration and tech companies aim to outpace China in artificial intelligence development. The consulting firm Grid Strategies forecasts that peak electricity demand nationwide could rise by 166 gigawatts by 2030, equivalent to adding 15 New York Cities over the next five years. "We’re now seeing in the data what we've all been talking about the last couple years," said Rob Gramlich, CEO of Grid Strategies. He estimated that data centers would contribute to 55% of the growth in U.S. electricity demand over the next five years. The increasing power needs of data centers have become a political issue as electricity costs rise for consumers. AI data centers and the electrification of various industries are driving a surge in power demand that exceeds global supply, prompting companies, policymakers, and investors to reconsider nuclear power, <a href="https://www.morganstanley.com/insights/articles/nuclear-energy-investment-renaissance-2050">according to a research report by Morgan Stanley on August 28, 2025</a>. Morgan Stanley Research projects 586 gigawatts (GW) of new global nuclear capacity by 2050, which is 53% higher than their previous forecast last year when analysts noted a "renaissance" in the industry. They now estimate that potential investments in the nuclear value chain could reach US$2.2 trillion by 2050, up from the initial US$1.5 trillion forecast. This increased momentum is expected to benefit several sectors, including uranium mining, nuclear power generation, and the construction of equipment and plants. "The nuclear renaissance has been building for some time already—with 22 nations pledging to triple nuclear capacity by 2050 at the COP28 summit in December 2023, plant life extensions in Europe, a strong pipeline in China, and Japan continuing to restart capacity," says Tim Chan, Morgan Stanley’s Head of Asia Sustainability Research. "The dual imperatives of decarbonization and energy security are making the nuclear renaissance a truly global investment theme." While natural gas is currently the primary alternative to meet AI’s energy needs, technology companies are willing to pay a premium to transition to nuclear energy. "We believe natural gas will be the primary near-term solution for powering AI data centers due to its speed to market, reliability, and flexibility, while nuclear power represents a longer-term clean energy alternative that is likely to gradually increase in importance," said Stephen Byrd, Morgan Stanley's Global Head of Sustainability Research. "Gas and nuclear are likely to play complementary roles." <h2 style="text-align: center;">Uranium Is Now a Critical Mineral</h2> Last fall, the USGS released the final 2025 list of critical minerals deemed essential to mitigate potential risks from disrupted supply chains, <a href="https://www.military.com/daily-news/2025/11/28/uranium-added-us-critical-minerals-list-what-it-means-national-security-ai.html" target="_blank" rel="noopener">reported Nick Mordowanec for Military.com on December 1, 2025</a>. Ten new minerals were added, including uranium, bringing the total to 60. "This is the most comprehensive, science-based assessment yet of the minerals our nation relies on," said USGS Director Ned Mamula. "Critical minerals underpin industries worth trillions of dollars, and import dependence puts key sectors at risk. This work helps secure the materials needed for U.S. economic growth and technological leadership." Trump has called for a quadrupling of nuclear power by 2050, the article reported. Christo Liebenberg, co-founder and president of the U.S.-based uranium enrichment company LIS Technologies, told Military.com that there is "huge market demand" for uranium to bolster a domestic electricity grid facing challenges from expanding AI data centers across the country. He noted the significance of the critical list now including 60 minerals — more than half of the 118 elements on the periodic table. "Being on that list, it's clear that it triggers a whole set of advantages," Liebenberg said. "That makes mining uranium in the U.S. a lot easier, faster, and more attractive to investors. It's like flipping a switch that says, 'OK, everybody, uranium is now important. Let's make mining in the US easier, cheaper, faster, and more predictable.' Of course, this is exactly what would stimulate production. But the thing is, it doesn't stop just with mining. Being on that list actually has a ripple effect through the entire nuclear fuel supply chain." Key actions and impacts for uranium under the U.S. critical minerals framework include fast-tracked permitting, reduced foreign reliance, strategic stockpiling, improved support for the mining industry, and energy security. <h2 style="text-align: center;">Companies With Tangible Operational Progress in the Spotlight</h2> The uranium sector enters 2026 at a pivotal moment where operational execution increasingly distinguishes credible investment opportunities from speculative ventures, <a href="https://www.cruxinvestor.com/posts/uranium-domestic-production-timelines-accelerate-as-spot-prices-reach-17-month-highs-" target="_blank" rel="noopener">according to Henry Mann writing for Crux Investor on January 27</a>. Spot uranium prices <a href="https://investingnews.com/spot-uranium-surges-past-100/" target="_blank" rel="noopener">reached US$100 per pound</a> in January 2026, marking 17-month highs. However, equity valuations across the sector reflect ongoing institutional caution about timing mismatches between nuclear buildouts and the upstream uranium supply response. In this context of structural demand growth and supply fragility, companies demonstrating tangible operational progress — such as permitting momentum — are positioning themselves to attract capital as the gap between operational reality and equity pricing narrows, Mann wrote. Chris Frostad, CEO of Purepoint Uranium, explains the demand fundamentals, according to Mann: "When a reactor begins operation, it creates a customer relationship lasting 40 years or more. Reactors operate under strict refueling schedules, and utilities know precisely how much fuel they will require annually for years into the future." The growth in artificial intelligence infrastructure and data centers adds incremental demand considerations, though existing reactor fleets provide the foundation of predictable consumption. In 2025, utilities contracted for approximately 82-85 million pounds of uranium, while replacement requirements approached 150-180 million pounds. However, utility contracting does not follow smooth patterns, as buyers may contract for 250 million pounds in a single year when conditions align with their strategies. <h2 style="text-align: center;">Laramide Resources Ltd.</h2> One company uniquely positioned to take advantage of these events is <a href="https://www.streetwisereports.com/pub/co/134?utm_medium=feed" target="_blank" rel="noopener">Laramide Resources Ltd. (LAM:TSX; LMRXF:OTCQX: LAM:ASX)</a>, a uranium developer with both in-situ and hard-rock deposits located in the southwestern United States and Australia. In June 2025, <a href="https://laramide.com/laramides-churchrock-uranium-project-and-la-jara-122722/" target="_blank" rel="noopener">Laramide announced</a> that its advanced-stage uranium projects, Crownpoint-Churchrock and La Jara Mesa in New Mexico, were designated as FAST-41 covered projects by the Federal Permitting Improvement Steering Council. This designation is part of the federal infrastructure permitting program established under Title 41 of the Fixing America's Surface Transportation Act. It underscores the strategic importance of Laramide's projects and streamlines the evaluation process. The FAST-41 designation places these uranium projects among a select group of federally prioritized energy initiatives, receiving enhanced permitting coordination and transparency to support the Department of Energy’s domestic uranium reserve and the U.S. government’s broader energy-security goals. "The project comprises two geographically distinct deposits: one at Crownpoint and the other at Churchrock," the company said in a recent recap sent to Streetwise Reports. "They are unified under a single U.S. Nuclear Regulatory Commission (NRC) Source Material License. This regulatory status differentiates the project from many U.S. peers that remain at earlier permitting stages." Churchrock’s current NI 43-101 Inferred Mineral Resource is 50.8 million pounds U₃O₈ based on historic drilling consolidated into a modern database. Crownpoint adds an NI 43-101 Inferred Mineral Resource of 5.1 million pounds U₃O₈, also derived from historic datasets and interpreted for ISR-style mineralization geometry, the company said. Laramide’s U.S. portfolio is "increasingly relevant against the backdrop of declining domestic uranium production and growing demand tied to nuclear energy, including life-extensions of existing reactors and new investments linked to data centers and advanced nuclear technologies," Laramide said in the document. "With the majority of U.S. uranium supply currently imported, projects that are licensed, permitted, or moving visibly through federal processes have taken on heightened strategic importance." <h2 style="text-align: center;">Analyst: Co. 'Scans Very Well on Value'</h2> Laramide is a uranium exploration and development company with projects in the western United States and Australia, <a href="https://www.streetwisereports.com/article/2025/11/03/uranium-developer-discovers-65-8m-pound-resource-breakthrough-in-australia.html?utm_medium=feed" target="_blank" rel="noopener">according to Beacon Securities Analyst Michael Curran in an updated research note on November 3, 2025</a>. Crownpoint-Churchrock's designation as a FAST-41 project is expected to streamline the permitting process as part of the U.S. government's initiative to advance domestic critical mineral and metal projects toward production. This followed a similar designation for LAM’s La Jara Mesa project in early May, also in New Mexico. "In mid-July, LAM’s Westmoreland project in Queensland, Australia, received a Mineral Development License (MDL), which allows Laramide to proceed with studies to advance the project towards a Mining Lease (ML) application," the analyst wrote. "This work is likely to include metallurgical testing, environmental, engineering and design studies, as well as feasibility-related work." In July, Laramide raised gross proceeds of CA$12 million by issuing 20 million common shares at CA$0.60 each. Beacon's 12-month fair value increased from CA$1.45 to CA$1.50 per LAM share. As this still represents significant upside from current price levels, the firm maintained its BUY rating for Laramide Resources. "In our view, Laramide represents an attractive investment for exposure to uranium developments in the top-tier mining jurisdictions," Curran wrote. "Laramide's assets are in areas of historical uranium mining, thus should have lower barriers to development than other jurisdictions." Curran said the firm's preferred valuation for mining equities uses cash flow-based metrics such as P/CF and P/NAV, utilizing life-of-mine production forecasts and commodity price assumptions. "However, for earlier-staged explorers where it is arguably too early to create a DCF model with much accuracy, we employ a more basic valuation metric of Adjusted Market Capitalization per total resource (AMC/lb) or Enterprise Value per resource pound (EV/lb)," the analyst wrote. For Laramide, he employed a hybrid model using DCF-based valuation for Churchrock and EV/lb valuation methods for the company’s other U.S. and Australian assets. Curran noted that Beacon currently did not attribute any value to the Kazakhstan assets.[OWNERSHIP_CHART-134] Churchrock is <a href="https://www.streetwisereports.com/article/2025/10/21/uranium-explorers-us-projects-fast-tracked-as-nuclear-renaissance-grows.html?utm_medium=feed" target="_blank" rel="noopener">recognized as a development-ready asset</a>, as noted by SCP Equity Research analysts J. Chan, E. Magdzinski, and K. Kormpis in a June 3 research note. The company's January 2024 PEA forecasts a 31-year operational lifespan, producing 31.2 million pounds at an all-in sustaining cost of US$34.83 per pound using ISR extraction methods. With uranium valued at US$75 per pound, this results in a US$239 million after-tax NPV, strongly supporting Laramide's evaluation. The plan involves accelerating wellfield development to increase output to 2-3 million pounds, thereby shortening the operational timeline while improving financial outcomes. "We think Laramide scans very well on value, with two projects of reasonable size/scale in the U.S. and Australia (arguably two of the top three jurisdictions in today’s geopolitically bifurcating market)," the analysts remarked, giving the stock a Buy rating with a CA$1.35 per share target price. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Laramide reports that insiders and management hold about 11% of the company, with strategic corporate entity Boss Energy Ltd. owning 19%. The remainder is held by retail investors. Other major shareholders include Alps Advisors with 9.4%, Henderson with 6.82%, Mirae Asset Global Investments LLC with 4.78%, and Vident Investment Advisory LLC with 1.1%. As of February 9, its market capitalization is CA$215.06 million, with 283.62 million shares outstanding. It trades within a 52-week range of CA$0.46 to CA$0.91. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Laramide Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.</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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Ownership and Share Structure Information 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30564"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30564" width="0" height="0"> ( Companies Mentioned: LAM:TSX; LMRXF:OTCQX: LAM:ASX, ) Mon, 09 Feb 2026 00:00:00 PST A Deeply Undervalued Uranium Optionality Play as Nuclear Momentum Rebuilds https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html Source: <a href="https://www.streetwisereports.com/article/2026/02/09/a-deeply-undervalued-uranium-optionality-play-as-nuclear-momentum-rebuilds.html?utm_medium=feed">John Newell 02/09/2026</a> John Newell of John Newell & Associates explains why he thinks Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTC) is a Speculative BuyWhen commodity cycles turn, the earliest opportunities are rarely obvious. Capital typically moves first into large producers, then into developers, and only later into the smaller exploration names that offer true leverage. Uranium now appears to be entering that middle phase, where fundamentals are tightening but valuations across much of the junior space have yet to respond. That sets the stage for <a href="https://www.streetwisereports.com/pub/co/6171?utm_medium=feed" target="_blank" rel="noopener">Azincourt Energy Corp. (AAZ:TSX.V; AZURF:OTC)</a>, a Canadian uranium explorer with advanced projects in Tier-1 jurisdictions and a market capitalization that still reflects the last cycle rather than the one now taking shape. <h2 style="text-align: center;">Uranium Macro Context: Why This Cycle Matters</h2> Uranium is no longer considered a speculative corner of the energy market. It is increasingly viewed as a strategic fuel. At COP28, more than 30 countries formally committed to tripling global nuclear capacity by 2050, reinforcing what utilities have already acknowledged through their actions. Nuclear power is essential for baseload electricity, grid stability, and meeting long-term decarbonization goals. The problem is supply. Years of underinvestment have left global uranium production structurally short of reactor demand, forcing utilities back into the long-term contracting market. These contracts are being signed at higher prices and for longer durations, tightening available supply even further. In that environment, new discoveries and advanced exploration projects in stable jurisdictions are not optional. They are required. This shift is what brings overlooked junior uranium explorers back into focus. <h2 style="text-align: center;">About the Company</h2> Azincourt Energy is a Canadian-based resource company focused on the acquisition, exploration, and advancement of uranium projects in proven districts. The company has been active in uranium exploration for more than a decade, navigating a prolonged bear market while steadily building a portfolio that is now well positioned for a recovery phase. Today, Azincourt's core assets are located in Canada's two most important uranium jurisdictions: the Athabasca Basin in Saskatchewan and the Central Mineral Belt in Newfoundland and Labrador. Rather than chasing early-stage conceptual ground, the company has deliberately focused on advanced but underexplored projects where historical work has already confirmed uranium mineralization and modern exploration techniques can add value. <h2 style="text-align: center;">The Project That Can Move the Market Capitalization</h2> While Azincourt controls multiple uranium assets, the project most likely to move the shares in the near to medium term is the Harrier Project, which includes the Snegamook Uranium Deposit in Labrador's Central Mineral Belt. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20262973834_1.png" alt="" width="565" height="355" /> This is a district with a genuine uranium pedigree. The Central Mineral Belt hosts several large uranium deposits, including Paladin Energy's Michelin deposit, one of the world's largest undeveloped uranium resources. What makes Harrier compelling is not only its location but also how little systematic exploration has been applied across a very large land package. Historical work has identified at least twelve uranium zones on the property, including multiple shallow lenses with grades exceeding 1% U₃O₈ and surface samples as high as 7.48% U₃O₈ at Moran Heights. Despite these results, only a limited number of drill holes have ever been completed across the project, leaving significant room for expansion both along strike and at depth. Azincourt acquired the Snegamook Deposit in late 2024 and completed site work in 2025 that confirmed historical drilling, examined archived core, and identified areas with clear potential to expand known mineralization. An updated NI 43-101 resource and follow-up drilling are planned. In a strengthening uranium market, a defined resource or a new high-grade discovery in this setting would likely lead to a meaningful re-rating. The company's East Preston Project in the Athabasca Basin adds additional upside optionality. Located along a conductive trend between major deposits such as NexGen's Arrow and Cameco's Centennial area, East Preston has demonstrated uranium enrichment, clay alteration, and structural features consistent with unconformity-style uranium systems. While this project is a longer-dated catalyst, success in the Athabasca Basin is typically rewarded quickly by the market. <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20262973853_2.png" alt="" width="494" height="346" /> <h2 style="text-align: center;">Management</h2> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20262973916_3.png" alt="" width="519" height="246" /> Azincourt is led by Alex Klenman, President, CEO, and Director, a seasoned junior mining executive with more than 30 years of experience across exploration, capital markets, and corporate development. He has been directly involved in over CA$100 million in financings and has guided multiple resource companies through challenging market cycles. The technical strength of the company is anchored by C. Trevor Perkins, P.Geo., Vice President of Exploration, who brings more than 25 years of global uranium experience. His background includes senior exploration roles at UEX Corporation and Cameco, where he was part of teams responsible for major discoveries such as the McArthur River North Extension and the Angulari uranium deposit. This is a team with direct experience discovering and advancing uranium systems, not one learning the commodity for the first time. The broader board and management group adds depth in geology, finance, and capital markets, providing a balanced approach to exploration execution and shareholder stewardship. <h2 style="text-align: center;">Market Capitalization and Share Structure</h2> <img class="No_img_class" src="https://www.theaureport.com/images/auto_up/20262974040_aazcapstructure.PNG" alt="" width="1000" height="575" /> At the time of writing, Azincourt Energy is trading around CA$0.07, placing the company in micro-cap territory. The company has approximately 106 million shares outstanding and roughly 169 million shares fully diluted, including warrants, options, and RSUs. At current prices, the market capitalization remains modest relative to the quality, scale, and jurisdictional strength of its uranium assets. When compared to peer uranium explorers operating in the Athabasca Basin and Central Mineral Belt, many of which trade at significantly higher valuations without defined resources or recent discoveries, Azincourt's discount stands out. In a sector where capital rotation can be swift once sentiment improves, this gap is worth close attention. <h2 style="text-align: center;">Technical Analysis</h2> <img class="center_enlarge" src="https://www.theaureport.com/images/auto_up/20262973955_4.png" alt="" width="504" height="458" /> From a technical perspective, the chart for Azincourt Energy Corp. shows the characteristics of a long basing pattern following a prolonged bear-market decline. Price action has compressed near the lows, suggesting that sustained selling pressure has largely been exhausted and that the market is beginning to stabilize. More recently, volume has started to increase on upside moves, a subtle but important signal that accumulation may be taking place rather than short-term trading. Support appears well defined near current levels, while the first meaningful resistance zone sits near CA$0.20, which aligns with prior congestion and the former breakdown area on the chart. A sustained move through this level would mark a technical change in character and open the door to a re-rating toward the CA$0.40 area, where the shares previously encountered resistance during stronger uranium sentiment. Beyond that, and assuming continued strength in the uranium sector along with company-specific catalysts, the broader chart structure supports a longer-term, big-picture target near CA$0.70. These levels should be viewed as logical technical reference points rather than price predictions. They provide a framework for how the market has historically valued the shares and how far they could travel if uranium equities broadly re-rate and Azincourt delivers on its exploration objectives. <h2 style="text-align: center;">Conclusion</h2> 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. The company controls advanced uranium assets in Tier-1 Canadian jurisdictions, is led by a technically credible team with real uranium discovery experience, and is positioned ahead of a potential sector-wide re-rating as utilities return to long-term contracting and supply constraints continue to tighten. This is not a momentum-driven story today. It is an early-cycle setup where patience matters. 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. More information is available at the company's website: <a href="https://www.azincourtenergy.com">https://www.azincourtenergy.com</a> <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Azincourt Energy Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li> <li> <div class="x_elementToProof">For this article, the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.</div> </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>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> <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 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> John Newell Disclaimer 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30562"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30562" width="0" height="0"> ( Companies Mentioned: AAZ:TSX.V; AZURF:OTC, ) Mon, 09 Feb 2026 00:00:00 PST Energy Storage Co. Uncovers Excellent Growth Opportunity in AI-Driven Energy Demand https://www.streetwisereports.com/article/2026/02/05/energy-storage-co-uncovers-excellent-growth-opportunity-in-ai-driven-energy-demand.html Source: <a href="https://www.streetwisereports.com/article/2026/02/05/energy-storage-co-uncovers-excellent-growth-opportunity-in-ai-driven-energy-demand.html?utm_medium=feed">Streetwise Reports 02/05/2026</a> Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTC) reaches an agreement with ITOCHU Corp. to extend the maturity date of the ITOCHU unsecured Convertible Debenture to March 13. Read why one expert thinks the company has strong momentum from the energy transition.<a href="https://www.streetwisereports.com/pub/co/9069?utm_medium=feed" target="_blank" rel="noopener">Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTC)</a> <a href="https://www.stockwatch.com/News/Item/Z-C!EGT-3782155/C/EGT" target="_blank" rel="noopener">announced that it has reached an agreement with ITOCHU Corp</a>. to extend the maturity date of the ITOCHU unsecured Convertible Debenture to March 13, 2026, according to a February 4 release. This extension provides additional time for the partners to negotiate a longer-term solution. The extension also includes all past interest, which was previously extended to the debenture's maturity date. "As we continue managing through tight liquidity conditions created by the significant downturn in residential renewable markets over the last few years, and further compounded by the lack of payments from a prior U.S. customer, ITOCHU has remained a valuable and supportive partner to the company, bringing solutions to the table support our utility channel transition," said Eguana Chief Executive Officer Justin Holland. "We now have over a megawatt fleet in operation in Western Canada for power grid feeder improvement, along with additional fleets in operation in California, Vermont, Hawaii, and Nova Scotia. This simply would not have been possible without the support from our many partners, including ITOCHU." Eguana also confirmed its Energy Innovation Challenge-funded project in Medicine Hat, Alberta, where Eguana was selected as an award recipient to expand and demonstrate utility-oriented functions in the Eguana Edge™ Distributed Energy Resource Management System on a single feeder remains on track. Hardware installation of nine EVOLVETM LFP BESS was completed in December 2025, and the third phase of software development has begun. During this period, Eguana said it has been engaging with utilities to gain insight into operations requirements and to optimize the performance of the product. Eguana encourages interested utilities to reach out to schedule a demonstration and discussion with Eguana's development team to create the tools to support the energy transition at the grid edge. The history of ITOCHU Corp. dates back to 1858, when the company's founder, Chubei Itoh, began linen trading operations. Since then, ITOCHU has evolved and grown over 150 years. With approximately 110 bases in 63 countries, ITOCHU, one of the leading sogo shosha, engages in domestic trading, import/export, and overseas trading of various products such as textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas. <h2 style="line-height: 1; text-align: center;">Company Announces Revenue Growth</h2> In December 2025, <a href="https://www.streetwisereports.com/article/2025/12/09/technology-firm-uncovers-excellent-310-revenue-gains-in-north-american-energy-market.html?utm_medium=feed" target="_blank" rel="noopener">Eguana shared its financial results for the third quarter ending September 30, 2025</a>. The company reported that its revenue for the year to date reached CA$2.06 million, marking a 310% increase compared to the same period in 2024. Revenue for the third quarter was CA$132,000, an 8.3% rise from the corresponding quarter in September 2024. "We are very excited to continue our fleet expansion as we enter the winter peak season in British Columbia," Holland said at the time. "Through this season, we will continue demonstrating the performance and capability of Eguana's feeder support solutions, clearing a path for expanded deployments in B.C. along with other utility partners across North America." The announcement highlighted that the gross margin for the year improved to 42%, up from a negative 66% the previous year, primarily due to acquiring discounted finished goods from a former partner in 2024. The gross margin for Q3 2025 was negative 16%, compared to negative 139% in September 2024, influenced by the usual quarterly warranty provision and low sales volume. Excluding the warranty accrual, the adjusted gross margin was 31%. The rapid shift to renewable energy, particularly with the onset of Electrification 2.0, is changing how utilities plan and manage the grid, according to a recent blog post by Nick Tumilowicz, Director of Product Management for Itron, and Brent Harris, Founder and Chief Operating Officer of Eguana. The companies are collaborating to meet the demands of this accelerated energy transition. As electrification expands to include vehicles, heating, and industrial processes, utilities are experiencing load growth rates not seen in decades. "The challenge now is to extract more capacity from existing infrastructure without overbuilding," they explained. "Deploying demand-side management (DSM) at scale, along with reliable Distributed Energy Resources (DERs), is crucial to the success of these efforts. This also requires smarter orchestration of grid-edge assets through modern operations equipped with real-time visibility, forecasting, and control — capabilities now made possible through scalable, utility-grade platforms like Itron's Grid Edge Intelligence portfolio." As the grid faces unprecedented pressure from Electrification 2.0, the role of DERs must evolve. It's no longer sufficient to reduce demand during peak hours; customer-sited resources must now interact with utility operational systems in real time, ensuring reliable performance, verifiability, and cybersecurity. "Unlike thermostats, managed EV charging, and other deferrable loads, distributed energy storage is the only behind-the-meter asset currently capable of both absorbing and delivering power on demand," the blog stated. "This makes it uniquely suited to support real-time DER coordination, local capacity relief, and grid-edge optimization." <h2 style="text-align: center;">Expert: Co. Plays Crucial Role in Energy Shift</h2> 1<a href="https://www.streetwisereports.com/article/2025/09/26/the-next-wave-in-energy-storage-with-breakout-potential.htmlds?utm_medium=feed" target="_blank" rel="noopener">In an analysis dated September 26, 2025</a>, John Newell of John Newell & Associates highlighted that Eguana has already deployed thousands of its unique systems across North America, Australia, and Europe, positioning itself as a significant player in the rapidly changing energy landscape. By merging advanced storage technology with virtual power plant (VPP) fleet management software, Eguana is focusing on both large-scale distributed resource aggregation and consumer backup markets. By delivering on-site energy capacity precisely where it is most needed, Eguana connects consumers, contractors, and utilities, providing vital solutions as electricity demand grows in the electrification era. Eguana's business strategy addresses one of the most urgent challenges utilities face today: handling the rising electricity demand from the electrification of vehicles, heating, and industrial systems without resorting to expensive centralized infrastructure expansion. Its distributed energy storage systems can absorb and supply power as needed, creating adaptable grid-edge capacity that aids real-time load balancing, local resilience, and the integration of renewable energy sources. The company's systems extend beyond consumer backup products; they are engineered for utility-grade reliability, supporting applications such as local capacity relief, rapid frequency response, and integration with virtual power plants. Eguana has proven its technology through alliances with global leaders like Mercedes-Benz, BC Hydro, and Itron. The partnership with Itron effectively integrates Eguana's storage solutions directly into AI-driven smart meters using open standards. "This interoperability allows utilities to control distributed resources with greater visibility and security, opening the door to scaled adoption," Newell wrote. "With a production capacity of over 24,000 systems annually and relationships with major North American utilities, Eguana is positioned to scale into a utility-driven market projected to exceed +US$100 billion by 2030." With fundamentals aligned to a market opportunity surpassing US$100 billion and strong momentum from the energy transition, Eguana Technologies Inc. received a Speculative Buy rating from Newell. <h2 style="text-align: center;">The Catalyst: AI Is Transforming the Nation's Energy Demand</h2> After years of relatively stable electricity usage, the United States is now experiencing a phase of rapidly increasing consumption, <a href="https://about.bnef.com/insights/clean-energy/the-us-transition-ahead-booming-energy-demand-shifting-mobility/d" target="_blank" rel="noopener">as highlighted in a report by Sunny Park for BloombergNEF on January 9</a>. The emergence of AI-driven data centers, electric vehicles, and distributed generation and storage is reshaping the country's energy demand profile at an unprecedented pace. Warmer summers are leading to higher air conditioning usage, while the initial stages of industrial electrification are adding pressure to an already stressed grid system. The transportation sector is also undergoing significant changes, with global electric vehicle sales reaching new heights in 2025, and two- and three-wheeled electric vehicles gaining popularity, especially in developing countries. In the United States, however, the growth in electric vehicle sales has been more gradual, as the industry faces substantial new policy challenges from Washington. Artificial intelligence has advanced rapidly in recent years, with tech companies investing billions into data centers to support the training and operation of AI models, <a href="https://www.pewresearch.org/short-reads/2025/10/24/what-we-know-about-energy-use-at-us-data-centers-amid-the-ai-boom/" target="_blank" rel="noopener">according to a report by Erica Leppert for the Pew Research Center on October 24, 2025</a>. The expansion of these facilities has raised concerns about their potential impact on energy consumption and the environment, as the United States seeks to gain an edge in the global AI race. In some states, lawmakers and utility companies are under pressure to protect residents from power outages and rising electricity costs as data centers expand, Leppert wrote.[OWNERSHIP_CHART-9069] Utilities often need to make costly upgrades to power grids to accommodate the increased energy demands from new data centers. These expenses are frequently passed on to smaller businesses and households unless protections for ratepayers are established. For example, in the PJM electricity market, which stretches from Illinois to North Carolina, data centers contributed to an estimated US$9.3 billion increase in the 2025-26 "capacity market" (the total electricity supply commitment in the region), according to the report. As a result, the average residential bill is projected to rise by US$18 a month in western Maryland and US$16 a month in Ohio. Americans might face more widespread price increases in the coming years. A study from Carnegie Mellon University suggests that data centers and cryptocurrency mining could lead to an 8% rise in the average U.S. electricity bill by 2030, potentially exceeding 25% in high-demand areas like central and northern Virginia, Leppert said. Nationwide, electricity rates have already increased for consumers in recent years, partly due to utility companies upgrading aging infrastructure to protect against extreme weather and cyber threats. For instance, the typical U.S. household paid US$142 per month for electricity in 2024, according to the U.S. Energy Information Administration, a 25% increase from US$114 per month in 2014, the article noted. <h2 style="text-align: center;">Ownership and Share Structure1</h2> Approximately 3% of the company is owned by management and insiders, while 15.16% is held by the Japanese ITOCHU Corp. The company's market cap is CA$4.52 million, with a 52-week range of CA$0.06 to CA$0.23. <a href="https://www.streetwisereports.com/get-news?utm_medium=feed"> Sign up for our FREE newsletter at: www.streetwisereports.com/get-news</a>Important Disclosures:<ol> <li>Eguana Technologies Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. In addition, Eguana Technologies Inc. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</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 Eguana Technologies 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> For additional disclosures, please click <a href="https://www.streetwisereports.com/disclaimer/?utm_medium=feed#consulting">here.</a> 1. Disclosure for the quote from the John Newell article published on September 26, 2025 <ol start="1" type="1"> <li>For the quoted article (published on September 26, 2025), the Company 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> 2. Ownership and Share Structure Information 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. John Newell Disclaimer 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.<img src="https://www.google-analytics.com/collect?v=1&tid=UA-2133444-8&cid=555&t=event&ec=newsfeed&ea=open&dp=30534"><img src="https://www.streetwisereports.com/images/news_articles/t_chart.pl?na=30534" width="0" height="0"> ( Companies Mentioned: EGT:TSX.V; EGTYF:OTC, ) Thu, 05 Feb 2026 00:00:00 PST