Uranium prices are up sharply on apparent Sprott Physical Uranium Trust (SPUT) buying as security of supply concerns emerge in light of economic sanctions levied against Russia in response to the Ukraine invasion. Funding of additional physical U3O8 purchases by SPUT may help propel prices above US$50/lb and perhaps close to incentive prices needed by project developers. We anticipate uranium equities to react very positively.
West Red Lake Gold Mines Ltd. (TSXV:WRLG) – Restarting the High-Grade Madsen Gold Mine in Red Lake
We are initiating coverage of West Red Lake Gold Mines Ltd. (TSXV:WRLG) with a BUY rating and C$1.85/sh target price. West Red...