Latest news with #CamecoCorporation
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Infini finds major uranium indicators in Canada's Athabasca Basin
Infini Resources will further explore major bedrock conductors indicating shallow uranium mineralisation, which it identified using airborne geophysics at the company's Reynolds Lake project in Canada's renowned Athabasca Basin. The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres. This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area. The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits. Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration. 'The identification of major EM conductors in an historically underexplored region located on the outboard edge of the Athabasca Basin is highly significant.' Infini Resources chief executive officer Rohan Bone Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth. The company's radiometric data reinforces the prospect of near-surface uranium mineralisation. The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs.
The Age
6 days ago
- Business
- The Age
Infini finds major uranium indicators in Canada's Athabasca Basin
Infini Resources will further explore major bedrock conductors indicating shallow uranium mineralisation, which it identified using airborne geophysics at the company's Reynolds Lake project in Canada's renowned Athabasca Basin. The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres. This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area. The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits. Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration. 'The identification of major EM conductors in an historically underexplored region located on the outboard edge of the Athabasca Basin is highly significant.' Infini Resources chief executive officer Rohan Bone Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth. The company's radiometric data reinforces the prospect of near-surface uranium mineralisation. The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs.
West Australian
6 days ago
- Business
- West Australian
Infini finds major uranium indicators in Canada's Athabasca Basin
Infini Resources will further explore major bedrock conductors indicating shallow uranium mineralisation, which it identified using airborne geophysics at the company's Reynolds Lake project in Canada's renowned Athabasca Basin. The encouraging results were obtained from a recent high-resolution airborne time-domain electromagnetic survey at Reynolds Lake, which covered 1100 line kilometres. This first modern airborne EM study on the site since the 1970s has identified significant bedrock conductors, including two more than 10 kilometres long in the southern project area. The conductors align with magnetic lows and uranium radiometric anomalies and indicate potential for shallow, unconformity-style uranium mineralisation near the margin of the Athabasca Basin, a region recognised globally for its high-grade uranium deposits. Interpreted by geophysicists Resource Potentials, the TDEM data reveals vertically dipping conductors at depths as shallow as 20 metres below surface. Most of the newly identified targets have not been subject to any modern exploration. Significantly, the 20m depth is shallower than typical Athabasca Basin uranium deposits such as Cameco Corporation's Cigar Lake, 480m below surface, or McArthur River at 530m depth. The company's radiometric data reinforces the prospect of near-surface uranium mineralisation. The shallow setting will help Infini's exploration efforts, including by significantly reducing its costs. The conductors indicate graphitic meta-pelitic rocks near the Needle Falls Shear Zone, which are critical for uranium precipitation. Those rock types originate from the transformation of clay-rich sedimentary rocks such as shales and mudstones. Bone said the coincidence of key geophysical markers across multiple large-scale anomalies reinforces the prospectivity for unconformity-style uranium mineralisation and the shallow potentially outcropping anomalies could be efficiently and quickly explored. The 386-square-kilometre Reynolds Lake project straddles the Wollaston and Peter Lake geological domains, where conditions favour unconformity-type deposits. The project is on an outcropping interface of key geological domains, and is underlain by Archean felsic gneisses and Lower Proterozoic metamorphic rocks, including graphitic schists, which favour the project hosting uranium. Infini is advancing a systematic exploration strategy, using modern technologies to unlock the value of its Reynolds Lake prospect. The company is integrating its TDEM results into a comprehensive desktop study combining geophysical, geochemical and mapping data to identify high-priority and walk-up targets for its next exploration phase. The study is nearing completion and will guide an upcoming field campaign involving prospecting, rock geochemical sampling and mapping to further evaluate the project's potential. The shallow targets and strong geological indicators at Reynolds Lake make it a standout asset for future development. With its desktop study set to conclude, Infini Resources is poised to transition to field exploration and build on its initial encouraging results. The Australian energy metals company is focused on Canada and Western Australia, where it is targeting uranium and lithium across a diversified portfolio of greenfield and brownfield projects. Its keen approach and strategic asset base offer a promising path forward in a potentially accelerating uranium exploration space. Is your ASX-listed company doing something interesting? Contact:
Yahoo
18-07-2025
- Business
- Yahoo
Cameco (CCJ) Rises Higher Than Market: Key Facts
In the latest trading session, Cameco (CCJ) closed at $77.91, marking a +2.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.52%, while the tech-heavy Nasdaq added 0.74%. The stock of uranium producer has risen by 9.36% in the past month, leading the Basic Materials sector's loss of 0.05% and the S&P 500's gain of 4.2%. Investors will be eagerly watching for the performance of Cameco in its upcoming earnings disclosure. In that report, analysts expect Cameco to post earnings of $0.36 per share. This would mark year-over-year growth of 260%. Meanwhile, the latest consensus estimate predicts the revenue to be $681.82 million, indicating a 56% increase compared to the same quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.09 per share and revenue of $2.51 billion. These totals would mark changes of +122.45% and +10.16%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 2.42% rise in the Zacks Consensus EPS estimate. Right now, Cameco possesses a Zacks Rank of #3 (Hold). In the context of valuation, Cameco is at present trading with a Forward P/E ratio of 70.08. This expresses a premium compared to the average Forward P/E of 21.65 of its industry. The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 41% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cameco Corporation (CCJ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
03-07-2025
- Business
- Yahoo
Desjardins Raises Cameco (CCJ) Price Target to C$105 on Dukovany Project
Cameco Corporation (NYSE:CCJ) is one of the top 10 nuclear energy stocks to invest in for the next decade. On June 17, Desjardins lifted its price target for the company's stock to C$105.00 from C$85.00 while maintaining a 'Buy' rating on the shares. The primary basis for the adjustment was Desjardins' updated financial model. Cameco's price target was raised after analysts updated their models to include a one-time $170 million boost in earnings from Westinghouse Electric's role in building nuclear reactors at the Dukovany power plant. They also assumed there's a 50% chance of a similar gain happening in 2026, which helped increase the company's overall valuation. Desjardins noted that the uranium sector has experienced recent share price appreciation, with Cameco 'leading the group in performance.' As such, the research firm considers Cameco a 'go-to name for uranium investors.' Cameco Corporation (NYSE:CCJ) is a Canadian company that supplies uranium fuel and provides nuclear services for clean electricity generation. It operates through three main segments: Uranium (exploration, mining, and sale of uranium concentrate), Fuel Services (refining, conversion, and fabrication of uranium), and Westinghouse (nuclear reactor technology and services). While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Healthcare Penny Stocks to Buy According to Analysts and Goldman Sachs Energy Stocks: 10 Stocks to Buy. Disclosure: None. Sign in to access your portfolio
