Company Snapshot: Azarga Uranium Corp. (AZZ)

Wintercrest Advisors, a wholly owned subsidiary of Platinum Partners, which is a New York based investment management group with assets under management in excess of US$1 billion, will soon gain control of approximately 29.6% of Azarga Uranium’s (TSX:AZZ – $0.33 CAD & Frankfurt:P8AA – $0.22 EUR) outstanding shares. Azarga, our favorite uranium related company with projects in the United States […]

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With almost all commodities down sharply in 2015, the uranium spot price performed relatively well as it remained unchanged at about $36 per pound. As for 2016 and beyond, the atomic fuel’s price is bound to increase sharply as more countries around the world turn to nuclear energy to meet their energy demand and emission levels. At the same time, […]

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Since our initial recommendation of Azarga Uranium Corp (TSXV:AZZ – $0.41 CAD & Frankfurt:P8AA – $0.29 EUR) the uranium spot price has gradually increased about 6% to $39.25/lb today (see image below). The main reason for this rise is that Japan could restart some of its nuclear reactors as soon as May 2015. Remember that most of Japan’s 48 operational […]

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In March of 2011, a meltdown occurred at the Fukushima Daiichi Nuclear Power Plant in Japan, following an earthquake and tsunami. The result was the immediate suspension of all of Japan’s nuclear power generation. Because, at the time, the country utilized approximately 15% of global uranium demand – second most after the United States – this decision had a devastating […]

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