By JAMIE STENGLE, Associated Press DALLAS (AP) — More than 60 years after President John F. Kennedy was assassinated , conspiracy theories still swirl and any new glimpse into the fateful day of Nov. 22, 1963, in Dallas continues to fascinate . President-elect Donald Trump promised during his reelection campaign that he would declassify all of the remaining government records surrounding the assassination if he returned to office. He made a similar pledge during his first term, but ultimately bended to appeals from the CIA and FBI to keep some documents withheld. At this point, only a few thousand of the millions of governmental records related to the assassination have yet to be fully released, and those who have studied the records released so far say that even if the remaining files are declassified, the public shouldn’t anticipate any earth-shattering revelations. “Anybody waiting for a smoking gun that’s going to turn this case upside down will be sorely disappointed,” said Gerald Posner, author of “Case Closed,” which concludes that assassin Lee Harvey Oswald acted alone. Friday’s 61st anniversary is expected to be marked with a moment of silence at 12:30 p.m. in Dealey Plaza, where Kennedy’s motorcade was passing through when he was fatally shot. And throughout this week there have been events marking the anniversary. Nov. 22, 1963 When Air Force One carrying Kennedy and first lady Jacqueline Kennedy touched down in Dallas , they were greeted by a clear sky and enthusiastic crowds. With a reelection campaign on the horizon the next year, they had gone to Texas on political fence-mending trip. But as the motorcade was finishing its parade route downtown, shots rang out from the Texas School Book Depository building. Police arrested 24-year-old Oswald and, two days later, nightclub owner Jack Ruby fatally shot Oswald during a jail transfer. A year after the assassination, the Warren Commission, which President Lyndon B. Johnson established to investigate the assassination, concluded that Oswald acted alone and there was no evidence of a conspiracy. But that hasn’t quelled a web of alternative theories over the decades. The collection In the early 1990s, the federal government mandated that all assassination-related documents be housed in a single collection in the National Archives and Records Administration. The collection of over 5 million records was required to be opened by 2017, barring any exemptions designated by the president. Trump, who took office for his first term in 2017, had boasted that he’d allow the release of all of the remaining records but ended up holding some back because of what he called the potential harm to national security. And while files have continued to be released during President Joe Biden’s administration, some still remain unseen. The documents released over the last few years offer details on the way intelligence services operated at the time, and include CIA cables and memos discussing visits by Oswald to the Soviet and Cuban embassies during a trip to Mexico City just weeks before the assassination. The former Marine had previously defected to the Soviet Union before returning home to Texas. Mark S. Zaid, a national security attorney in Washington, said what’s been released so far has contributed to the understanding of the time period, giving “a great picture” of what was happening during the Cold War and the activities of the CIA. Withheld files Posner estimates that there are still about 3,000 to 4,000 documents in the collection that haven’t yet been fully released. Of those documents, some are still completely redacted while others just have small redactions, like someone’s Social Security number. There are about 500 documents where all the information is redacted, Posner said, and those include Oswald’s and Ruby’s tax returns. “If you have been following it, as I have and others have, you sort of are zeroed in on the pages you think might provide some additional information for history,” Posner said. Trump’s transition team hasn’t responded to questions this week about his plans when he takes office. A continued fascination From the start, there were those who believed there had to be more to the story than just Oswald acting alone, said Stephen Fagin, curator of the Sixth Floor Museum at Dealey Plaza, which tells the story of the assassination from the building where Oswald made his sniper’s perch. “People want to make sense of this and they want to find the solution that fits the crime,” said Fagin, who said that while there are lingering questions, law enforcement made “a pretty compelling case” against Oswald. Larry J. Sabato, director of the University of Virginia Center for Politics, said his interest in the assassination dates back to the event itself, when he was a child. “It just seemed so fantastical that one very disturbed individual could end up pulling off the crime of the century,” Sabato said. “But the more I studied it, the more I realized that is a very possible, maybe even probable in my view, hypothesis.”
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TORONTO - CBC is restoring its live New Year’s Eve celebration. A year after the national broadcaster cancelled the 2024 countdown due to “financial pressures,” it says the special event is back on the TV schedule to mark the dawn of 2025. Festivities begin Dec. 31 with the one-hour “22 Minutes New Year’s Eve Pregame Special,” a satirical reflection on the events of 2024 with the cast of the political comedy series “This Hour Has 22 Minutes.” It will be followed by “Canada Live! Countdown 2025,” a special hosted by news anchor Adrienne Arsenault and singer Jann Arden broadcasting live from Toronto’s Harbourfront Centre, and anchor Ian Hanomansing and comedian Ali Hassan at Vancouver’s VanDusen Botanical Garden. A representative for the CBC says the coast-to-coast show will feature reporters at more than a dozen community events across the country while a countdown to the new year will take place in each of the six time zones. Throughout the seven-and-a-half-hour program, “many Canadian celebrity guests” will appear in live and pre-taped messages. “Canada Live! Countdown 2025” begins at 8 p.m. ET on CBC News Network and CBC Gem with CBC-TV and CBC Radio picking up the feed at 9 p.m. in local markets. Last year, the CBC replaced its live New Year’s Eve programming with a taped Just For Laughs special hosted by comedian Mae Martin. That left Canadians without a homegrown countdown on any of the major networks, which sparked blowback on social media from some viewers. The CBC began its annual specials in 2017 to mark Canada’s sesquicentennial year. Some of the more recent broadcasts were hosted by comedian Rick Mercer and featured fireworks and musical performances in key cities. But when CBC paused those plans last year, it said the show had become “increasingly expensive to produce.” The decision to sideline the program was made shortly after members of Parliament summoned outgoing CBC president Catherine Tait to testify about job cuts and her refusal to rule out bonuses for CBC executives. This report by The Canadian Press was first published Dec. 12, 2024.Exhibition PreviewShanghai International Auto Parts & Accessories Exhibition 2024 12-02-2024 10:06 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire Exhibition Introduct Automechanika Shanghai 2024 is about to celebrate its 20th anniversary, and a series of specially planned 20th anniversary activities will be held on site, adding colours to this milestone moment of the show. The organisers will plan a number of unique interactive activities for the audience, aiming to bring unprecedented experiences to all parties. Responding to the theme of this year's show, 'Innovation - Integration - Sustainable Development', the 20th anniversary series of activities not only fully demonstrate the diversity and vitality of Automechanika Shanghai, but also highlight the automotive industry's deep concern and commitment to environmental protection, social responsibility and technological innovation. Automechanika Shanghai 2024 will be held from 2 to 5 December at the China National Convention and Exhibition Centre (Shanghai), with a total exhibition area of 350,000 square metres, 14 exhibition halls and an estimated 6,500 exhibitors. Image: https://www.vovt-diesel.com/uploads/%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20241115134815.png Green Mile' Charity Programme The organisers will launch a charitable walking donation programme for attendees during the show: the 'Green Mileage' campaign. Participants can join the programme individually or in small groups. After joining the programme, the app will automatically record the number of steps taken during the show, which can be redeemed for a donation to the Community Chest after completing the specified number of steps, thus supporting tree-planting activities and contributing to environmental protection and a sustainable future. This activity is highly in line with Automechanika Shanghai's commitment to environmental protection over the years and the show's philosophy of sustainable development, which comprehensively presents the technological innovation and transformation and upgrading of the entire automotive industry chain, and actively promotes the transition to new energy and sustainable solutions, embracing the goal of green and sustainable development of the automotive industry. Image: https://www.vovt-diesel.com/uploads/%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20241115135134.png This year's Automechanika Shanghai has also specially planned the show's hot theme visiting route activities, from the four themes of energy power, intelligent driving, automotive services and automotive life, eight special visiting routes are carefully set up to provide a systematic and efficient communication and docking opportunities for exhibitors and visitors. In addition, the exhibition will also re-launch the live broadcast of the 20th anniversary event. From 1 to 3 December, together with Chongqing Radio and Television Group, Jilin Radio and Television Station, Shanghai Jiaotong Broadcasting, Xinhua News Agency and other mass media, we will invite auto industry leaders and big names in the industry to present the exhibition's history of development, on-site highlights, industry hotspots and future trends from all angles, through a variety of forms such as live interviews with experts and interactive booth tours. In addition to the mass media, visitors can also watch the show on the AMS Live online platform. Media Contact Company Name: Fuzhou Ruida Machinery Co., Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=exhibition-previewshanghai-international-auto-parts-accessories-exhibition-2024 ] Country: American Samoa Website: http://vovt-diesel.com This release was published on openPR.
JACKSONVILLE, Fla. (AP) — Zarigue Nutter scored 22 points and secured the victory with a jump shot with two seconds remaining as Georgia State defeated Tulsa 74-71 on Wednesday. Nutter shot 9 of 15 from the field and 4 of 6 from the free-throw line for the Panthers (4-3). Cesare Edwards scored 18 points and added 16 rebounds. Nicholas McMullen had 13 points and shot 4 of 9 from the field and 5 for 8 from the line. The Golden Hurricane (4-4) were led in scoring by Keaston Willis, who finished with 18 points. Tulsa also got 16 points, 11 rebounds and seven assists from Dwon Odom. Tyshawn Archie had 12 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .CleanSpark Reports Record-Breaking FY 2024 Results: Outpacing Halving and Difficulty
NEW DELHI: Manufacturing in India has been completely transformed with the country now exporting goods that it imported, union railways and information technology minister Ashwini Vaishnaw said Thursday, while exuding confidence that the country's economy will be the third largest in the world by 2027-28. "Our nominal growth is around 10% to 11%. So, we should be around Rs 330 lakh crore (around $4 trillion) right now. Simultaneously, the Japanese and German economies are also passing through a very tough phase at this point of time. So, my estimate would be, we should be the third largest economy somewhere in 2027 or maybe 2028," he said. Responding to a query on exports and manufacturing of sophisticated goods, Vaishnaw said, "Manufacturing in India is totally different from what it used to be 10 years ago. Today, we are a good exporter of telecom. Some of the most complex equipment is exported today. I think the telecom exports should be almost Rs 40,000 crore". Talking about semiconductor manufacturing plans, he said, "It's only during Prime Minister Narendra Modi ji's period that we got success. Our policy was announced in January 2022 and we already have five under construction units for semiconductor manufacturing in December 2024. We should see the first Made in India chip shipping out in mid-2025". Building the case for support of one nation, one-election, Vaishnaw said, "We have made a very clear announcement in the Bharatiya Janata Party manifesto for the general elections that we believe in one nation, one election". 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"We have such a clearly laid out path and big tasks in front of us for the next 15-20 years. We should be totally focused on getting the work done. There should be one election and then rest of the period for working," he said, adding, "It's a very positive thought and good for the country". Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )
Minnesota Wild star forward Kirill Kaprizov did not play in Saturday's road game against the Calgary Flames due to a lower-body injury. Kaprizov, who entered Saturday tied with Colorado Avalanche star Nathan MacKinnon for the NHL lead with 34 points, was on the receiving end of a knee-on-knee collision with the Edmonton Oilers' Drake Caggiula in Thursday's game. Kaprizov finished the game but did not practice on Friday. "I thought it was a knee-on-knee hit," Minnesota coach John Hynes said following his team's 5-3 road victory over the Oilers. "Thankfully he came back and he looked good. Obviously, you don't want to see those types of hits in the game." Kaprizov entered Saturday riding a franchise-record 11-game road point streak, with 24 points (eight goals, 16 assists). He also came in with a seven-game point streak, posting 13 points (six goals, seven assists). The Wild traveled to Calgary with the best record in franchise history through 19 games (13-3-3), including an NHL-best 9-1-2 road mark. Minnesota was also without forward Marat Khusnutdinov (lower body) and recalled forward Travis Boyd for Saturday's game. This article first appeared on Field Level Media and was syndicated with permission.
From Golden Age to Stagnation to Renaissance When it was invented, nuclear power was touted as the future of energy and envisioned powering everything, from the electric grid to individual cars, trains, and even planes. Unfortunately, that vision failed to manifest. The omnipresent nuclear power imagined by science-fiction writers hit the issues created by the need for heavy radiation shielding, making portable nuclear power a fantasy. Nuclear power generation in large power plants did experience a golden age, especially in the aftermath of the two oil shocks of the 1970s. This ascending trajectory would be brutally interrupted by the Chernobyl incident and even further by the Fukushima disaster. As a result, nuclear power generation has stagnated since the 2000s and has even declined if measured in the percentage of total power generation. Source: Nuclear Energy – Our World in Data This is changing rapidly, with nuclear energy making a massive comeback, carried by a multitude of converging factors. This will create a steadily growing demand for refined uranium in the coming decades. Factors Behind The Nuclear Renaissance Not Enough Electricity The largest factor behind the restart of nuclear power as a growing industry is the need for ever more electricity. The first reason is the trend of electrifying sectors previously powered by fossil fuels, like transportation (EVs) and heating (heat pumps). This is done to reduce carbon emissions, and low-carbon energy sources are benefiting from this drive. In the very long run, renewables, especially solar, are likely to be our main power source and bring on a new “solar age” . But nuclear is likely the best candidate for cold climates or for producing some of the baseload required by the electric grid. Another factor is the growing energy consumption of our society, especially the massive AI data centers currently being built by the tech industry , as well as the ever-growing computation need for streaming services, cryptocurrencies, etc. New Technologies Another factor behind the nuclear renaissance is new technologies. The reactors being built or in projects are much safer and more advanced than the older designs that melted down in Chernobyl and Fukushima. This will be even more true with the 4 th generation of nuclear power plants, with designs that are 100% meltdown-proof (pebble beds) or can burn nuclear waste (fast reactors) , or small modular reactors (SMRs) . As the nuclear stagnation of the last 2 decades was driven by safety concerns, these improved solutions should help the nuclear industry win the PR battle to restore the reputation of nuclear energy in the public's eyes. Geopolitics It is not a secret that we are experiencing a massive flaring in international tensions, with a growing confrontation between the West and a nascent Eurasian bloc (Russia, Iran, China, North Korea). This carries a few consequences for energy markets and the nuclear industry: The potential unreliability of fossil fuel supply is a major driver in most of Europe's warming up to the nuclear industry, and it is also why China is looking to build 100+ nuclear reactors in the coming decades. The growing demand for uranium and uncertain supply increases the need for Western-based uranium mining. Uranium Overview Uranium Supply Today, a massive part of the world's nuclear supply comes from Kazakhstan, often refined into usable fuel in Russia. The differential between the supply of mined and demand by nuclear power plants was caused by the uranium supplied by disarmed nuclear bombs. Source: World Nuclear Association Uranium prices have been recovering steadily since their low point in 2018, but are still below the previous 2008 peak, especially if take inflation into account. Source: Cameco Due to low prices in the 2010s and the end of supply from disarmed nuclear weapons, the industry is expected to enter into a chronic supply deficit for several years to come. In all scenarios forecasted by the World Nuclear Association (WNA), uranium supply will be in a steep deficit. Source: WNA Source: WNA This is especially true for uranium Western markets, with demand expected to stay higher than local supplies for more than a decade. Source: Paladin Energy Price Insensitivity Uranium represents a very small portion of the costs of running a nuclear power plant. By far, the largest expenses are derived from capital expenditure at construction and operating costs from complex safety regulations and qualified personnel. Source: Nuclear Energy Agency This means that nuclear utilities are relatively uncaring about uranium prices as long as they stay reasonable and will pay the market price to keep the plant running. It makes this energy market very different from fossil fuels like gas or oil, where consumption can vary strongly depending on prices. Uranium From Seawater? In theory, the largest deposit of uranium on the Earth's surface is its oceans. Around 4.5 billion tons of uranium are available from seawater. In addition to this “stockpile”, 32 thousand tons of uranium flow into oceans per year via rivers from the erosion of rocks. So, this should provide, in theory, an unlimited uranium supply. The issue is that extraction of uranium from seawater would be 10x more expensive than mining it with current technology. So this is unlikely to be a serious competitor to the uranium mining industry anytime soon, although it is an interesting notion that the nuclear industry can virtually never truly run out of fuel. Of course, new extraction methods could change that. You can more about a recent innovation on this topic in “ Seawater Uranium One Step Closer to Being A Viable Energy Source “. Uranium Trade Wars Uranium has been at the center of many international conflicts in the past year. The US banned the import of Russian uranium in May 2024 (but authorized temporary exemptions), Niger (the world's 7th largest producer) revoked the license of a major uranium mine belonging to the French company Orano after a pro-Russian coup in the country, and in November 2024, Russia announced it would stop exporting uranium to the USA entirely . This could be a big deal, as the USA imports a lot of the uranium feeding its nuclear power plants, with its largest suppliers being Canada (27%), Kazakhstan (25%), Russia (12%), Uzbekistan (11%) and Australia (6%). Kazakhstan's main uranium miner, Kazatomprom, recently hinted that it might stop exporting to the West altogether due to sanctions on Russia making exports difficult logistically: “It is much easier for us to sell most, if not all, of our production to our Asian partners — I wouldn’t call [out] the specific country . . . They can eat up almost all of our production or our partners to the north.” Investing In Uranium Investing in nuclear power production can be done by investing in leading companies in the sector, as we covered in “ Top 5 Nuclear Stocks To Invest In ”. Investors looking at investing in uranium specifically have 4 major options: Uranium Commodity Funds Because of the forecasted deficit in uranium supply compared to demand, the financial industry has created dedicated investment TOOLS to speculate on rising uranium prices. The largest is the Sprott Physical Uranium Trust ( SRUUF +0.63% ), holding 66.2 million pounds of uranium. It has rather low fees, with a Management Expense Ratio of 0.60%. Another large physical uranium fund is Yellow Cake , traded in London under the ticker YCA.L , whose name comes from the low-grade uranium ore used to create nuclear fuel. Total operation costs are aimed so to stay below 1%. Yellow Cake has a long-term partnership with Kazatomprom (the National Kazak uranium miner) to provide it with uranium. Storage is done in facilities in Canada (Cameco) and France (Orano). Zuri Invest is a Swiss asset management firm that created the Uranium Actively Managed Certificate (AMC). AMCs are accessible to qualified, institutional, and professional investors through their bank, offering costs benefit from a low-cost structure. Kazatoprom created ANU Energy in 2021, a privately held physical uranium investment fund financed by Kazakhstan National Bank and sovereign wealth fund. Uranium ETFs Global X Uranium ETF ( URA +2.53% ) is mostly focused on uranium miners, both established and juniors, with 6 miners out of the top 10 holdings. The top 10 also includes participation in uranium physical funds (11.35% of the ETF holdings) and SMR companies Nuscale (3.57%) and Oklo (2.59%). Sprott Uranium Miners ETF ( URNM +2.67% ) top 10 holdings are even more focused, with all top holdings miners and physical funds. Defiance Daily Target 2X Long Uranium ETF ( URAX +5.1% ) is an ETF seeking to replicate the daily leveraged investment results of two times of Global X Uranium ETF. (Inexperienced investors should be aware that leverage ETFs like this one are generally not a good vessel for long-term holding, and are more designed for day traders) Sprott Junior Uranium Miners UCITS ETF ( URNJ +1.45% ) is focused on junior miners, companies not yet with a running and producing mine, more risky but potentially more profitable as well. Large Uranium Miners Kazatomprom ( KAP.LI ) By far the largest uranium producer on Earth, Kazatomprom is Kazakhstan's national uranium company. The country is relatively developed, with a GDP per capita in PPP (Parity of Purchase Power) in the same level as Slovakia, Turkey, or Malaysia, and ranked 25th according to World Bank 2020 “Ease of Doing Business”. Kazakhstan also has the world's second-largest uranium reserves on Earth. Source: Kazatomprom Since the post-Soviet era, Kazatomprom has grown production tremendously. It has however suffered from missed production targets in recent years, generally blamed on a shortage of sulfuric acid, a required chemical for uranium extraction . Source: Kazatomprom The company has some of the cheapest-to-operate uranium mines in the entire industry, with a full cost often below $20/pound of uranium, or a quarter of the most recent spot prices. Source: Kazatomprom Despite its good economics, the company might be at risk due to its geographical position bordering both Russia and China, as well as the fact that a lot of its uranium facilities are designed for refining in Russia. While Kazatomprom is considering relying exclusively on the Trans-Caspian Road ending in Turkey, logistical and geopolitical pressures & risks are something investors should keep in mind. Cameco Cameco Corporation ( CCJ +3.87% ) The second largest uranium producer in the world, Cameco is mostly active in Canada, as well as Inkai, a joint venture with Kazatomprom (40% owned by Cameco). Cameco’s active mines are Cigar Lake and Mc Arthur River in the Athabasca Basin in Canada, with several others not active at the moment, but now being reactivated. Source: Cameco In 2022, Cameco took the decision to acquire Westinghouse (49% of Westinghouse) , the leading builder of nuclear power plants in the U SA , together with a giant investment firm, Brookfield (51%). Brookfield did it through its massive renewable/low carbon power generation division in the form of $19B Brookfield Renewable Partners ( BEP -1.34%). Brookfield Corporation as a whole is a massive asset management company with almost a trillion dollars under management. This means that Westinghouse is now going to be able to access a very deep pool of capital, something that is often an issue for nuclear reactor builders, as new projects require years of investment before bringing revenues. While longer to materialize into revenues, once in construction, a new reactor generates revenues for Westinghouse from the 6 th year after design and engineering studies and will keep doing so for the entirety of the construction project for a period more than 10 years long. Source: Cameco Overall, even if the supply issue around uranium gets solved and uranium prices crash, the ownership of Westinghouse should allow Cameco to benefit from the ongoing nuclear renaissance for several decades at least. enCore Energy enCore Energy Corp. ( EU +2.35% ) The company operates two uranium mines in the US, in South Texas with a 3.6 Mlbs/yr capacity. It has also a pipeline of new projects with 74 million pounds in resources. Source: Encore South Texas production is expected to grow to 3.6 million pounds capacity per year by 2026, with a total of 5 million pounds per year by 2028. Source: Encore The location in South Texas might alleviate some concerns about mining in the USA, a jurisdiction sometimes hindered by very tight regulations. Texas is described by the company as the “most progressive permitting and production jurisdiction in the US”. Investing In Junior Miners By definition, junior miners are still developing their mines and not producing any significant cash flows. This makes them inherently more risky, as they are vulnerable to unforeseen costs, inflation, permitting delayed or refused, etc. Would the bet pay off, it would however be usually a much bigger gain as well. NextGen NexGen Energy Ltd. ( NXE +3.73% ) One of the largest Canadian junior in the uranium space, and globally, is NextGen, a massive mine that if fully cleared by regulators, could alone push Canada to become the world’s largest producer of uranium over the coming decade, knocking Kazakhstan out of the number one spot. This is a very ambitious project tapping into a massive deposit, which could make NextGen the world’s largest supplier of uranium. Source: NextGen Ultimately, NexGen's uranium production is expected to be enough to power 46 million homes (1/3rd of the US), with 300 million tons of CO2 emissions avoided, or the equivalent of 70 million cars off the roads every year. As a result, this is also a junior miner that absolutely depends on enough demand materializing in the next year. Construction of the mine should start soon if fully approved, and will take still a few years. Denison Mines Denison Mines Corp. ( DNN +3.06% ) The Canadian company's flagship project is the Wheeler River project , which includes the Phoenix and Gryphon uranium deposits. The first production is targeted for 2027-2028. It owns 69.44% of the Waterbury Lake project. A key feature of the Denison mines project is that they are forecasted to be very low cost, some even competitive with the very cheap-to-operate Kazakh mines. Source: Denison Mines The company also has an interest (22.5%) in the McClean Lake Uranium Mill & Mines. This facility processes 11% of the global uranium. It also already has approval for expanded tailing (mining residues), giving the potential to increase production in response to an increase in Canadian uranium production. The company also has various minor participation in other uranium potential projects, including 22.5% in McClean Lake (Orano), 25.17% in Midwest (Orano), and 15% in Millennium (Cameco). Paladin Energy Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF ( PDN +0.22% ) Contrary to many other Canadian junior uranium miners, Paladin is already producing some uranium from the Langer Heinrich Mine (LHM) in Namibia, which was put in care & maintenance in 2018 and restarted production in 2024. LHM is owned at 75% by Paladin, and 25% by the Chinese national company CNNC. But the core of the future business will be the Michelin Project, concerning 6 uranium deposits, some of the largest in North America, with a total of 127.7Mlb of Mineral Resources. And here too, contrary to most Canadian uranium companies, Paladin Michelin Project is located in Labrador, in the East of the country. It is also doing exploration for projects in Australia (Mount Isa and Manyingee). Source: Paladin Energy Paladin is looking to acquire the Saskatchewan uranium developer Fission for C$1.1 billion, but the deal is for now slowed down by an extended national security review by Canada’s Minister of Innovation, Science and Industry . Uranium Energy Corp Uranium Energy Corp. ( UEC +2.15% ) Describing itself as “America’s largest and fastest growing uranium company”, Uranium Energy has acquired in September 2024 for $175M Rio Tinto's Sweetwater plant and Wyoming uranium assets . This is the latest in almost $1B worth of serial acquisitions. In the latest years, it also acquired an inventory of 1.16 million pounds of uranium, for a price ranging from $20 to $45 per pound. Source: Uranium Energy The company has one of the largest resource portfolios in the industry, and also extensive processing facilities, reducing the risks of depending on another company to treat its mined uranium ore. It is also debt-free and focused on North America, making it a relatively safer bet than some of its competitors. Energy Fuels Energy Fuels Inc. ( UUUU +1.95% ) This is a smaller uranium company, already producing some volume so not technically a junior. But it has many large-scale uranium projects in the permitting of development or standby phase (70 million pounds of combined uranium resources, potential for 6 million pounds/year), giving it large potential to increase production in a few years time span. Its already-producing mines are located in Arizona and Utah. The company is also producing rare earths, titanium, and zirconium in Africa, with projects in South America and Australia. Vanadium is also extracted from the same ore that produces uranium, a product of which Energy Fuels is the largest US producer. Source: Energy Fuels The presence in multiple strategic minerals key for specialty stainless steel (vanadium), electronics, aeronautics, and weapons (rare earth, titanium), and uranium make the company especially important for USA's national interests, including the defense sector. Source: Energy Fuels The 150,000-200,000 yearly production of uranium is an advantage as well, providing some cash flow and demonstrating the technical ability of the company. Deep Yellow Limited Energy Fuels Inc. ( UUUU +1.95% ) This uranium junior miner is based in Australia and Namibia, with production expected to start soon, from as early as 2026. In addition to the 2 advanced projects with a total of 223 million pounds of resources combined, the company also has 2 others with a total of 158 million pounds potential. Source: Deep Yellow Despite having the world's largest resources in uranium Australia has lagged behind in actual production. Deep Yellow mines in development are like to change that, with very long-lasting mine life, in the 25-30 years range. Uranium Royalty Uranium Royalty Corp. ( UROY +1.7% ) As financing a mining project can be complex with financial markets or banks, some companies prefer to rely on royalties companies. The concept is that the royalty company finances the mining project, and gets a fraction of the future production in exchange. Uranium Royalty specializes in investing in uranium projects, an innovation in a business model for now mostly applied to gold, silver, and copper projects. Source: Uranium Royalty Uranium Energy Corp is a strategic partner of the company, as well as an initial shareholder, bringing deep uranium expertise to the table. The company is overall trading at a discount to net asset value, a common situation for smaller royalties companies. Source: Uranium Royalty The company portfolio is mostly focused on North America, especially Canada's Athabasca Basin and South-West USA. Probably the crown jewel of this portfolio is a 1% Gross Revenues Royalty (GRR) on the McArthur River projects and Cigar Lake, both from Cameco (13.5 Mlbs and 15 Mlbs produced in 2023). Source: Uranium Royalty Other projects involving Uranium Royalty include uranium mines by Cameco, Uranium Energy, Uranium Energy, Encore Energy, Energy Fuels, Paladin Energy, Anfield Energy, Laramide Resources, etc. This royalty plays double in a physical uranium investment, with the option to acquire from Yellow Cake up to US$21.25M (US$2.5M –US$10M per year) of uranium until Jan 2028. Currently, the company holds 2.7 million pounds U3O8 at a weighted average cost of US$60.12/lb. U3O8 (below current prices). Overall, while more complex than ETFs, royalties companies can be a good way to diversify asset and company risk in the inherently risky mining sector, as demonstrated by the multi-decade success of the initiator of this model like Franco Nevada ( FNV +0.6% ) and Wheaton Precious Metal ( WPM +0.46% ). Conclusion Investing in uranium can feel complex, as this requires having an understanding of nuclear energy production, the commodity cycle specific to these resources, as well as the major companies mining uranium, and upcoming new projects. For investors just willing to bet on increased demand from new nuclear power plants (and maybe nuclear weapons build-up), a simple option is to either buy uranium physical funds, ETFs, or royalty companies, providing diversified exposure to the sector. Direct investing in foreign companies will be inherently riskier, although the risk might be compensated by a lower valuation. Similarly, larger profitable companies might be safer but will come at a premium valuation compared to smaller and riskier junior miners.[Joseph E. Stiglitz] The Democrats’ only optionGift ideas for the gamers on your list - pentictonherald.ca
UMBC defeats Morgan State 92-69Daily Post Nigeria NPFL: Sunshine Stars coach Akinfolarin promises improved performance in second stanza Home News Politics Metro Entertainment Sport Sport NPFL: Sunshine Stars coach Akinfolarin promises improved performance in second stanza Published on December 12, 2024 By Taiwo Adesanya Sunshine Stars interim coach Bobola Akinfolarin has promised an improved team in the second stanza of the season. The Owena Waves have endured a difficult start to the season. Sunshine Stars have recorded five wins, three draws and eight defeats in 16 games. DAILY POST recalls that former head coach Kennedy Boboye also parted ways with the club during the season. The Akure club has, however, appointed Abubakar Bala as his replacement. Akinfolarin believed that the club could still make up for the lost points. “We will keep working on improving; as you can see, the league is still a marathon,” Akinfolarin told Sunshine Stars media. “As we prepare for the second round, we will see how we can make up for the lost points.” Related Topics: Akinfolarin NPFL Sunshine Stars Don't Miss CAF Awards: Nwabali dropped from final shortlist for Goalkeeper of the Year You may like NPFL: Remo Stars coach wants derby spoils against Ikorodu City NPFL: Akinfolarin rues missed chances in Sunshine Stars’ draw vs Enyimba NPFL: Shooting Stars declare two players missing NPFL: Bala replaces Boboye at Sunshine Stars NPFL: Pillars coach, Abdallah targets victory against Shooting Stars in Ibadan NPFL: Akwa United chief Bassey reveals plans for January transfer window Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd