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nexgenconsultancy.com

About NexGEN

NexGEN provides IT services; it offers software product development services for business improvement. It is based in Udaipur, India.

NexGEN Headquarter Location

F-38, IT Park, MIA Ext.

Udaipur, 313001,

India

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Latest NexGEN News

Uranium Prices Bolstered by Rising Demand For Clean Energy as well as Need for Carbon-Free Electricity

Apr 21, 2022

News provided by Share this article PALM BEACH, Fla., April 21, 2022 /PRNewswire/ -- Investors are saying that 2021 was an eventful year for uranium, but what's the uranium outlook for 2022? 2021 saw a rise in the uranium market. Savvy investors say that, while  gold  is tied to monetary policy and the US dollar, uranium also has correlations, primarily to energy. A recent article  in Investing News said that following 2020's growth, prices for the  energy fuel climbed 45 percent, rising from US$29.63 per pound in January to US$50.63 in September, a nine year high and a critical threshold for explorers, developers and producers. Although prices were unable to maintain that level, values have been able to remain above US$40 in the months since then. As one of the few commodities to register two solid years of gains amid the pandemic, many analysts are of the belief that higher uranium prices are here to stay. This idea has been bolstered by rising demand for clean energy, specifically the need for carbon-free electricity. Active companies in the markets today include: BASIN URANIUM CORP. (OTCPK: BURCF) (CSE: NCLR), Denison Mines Corp. (NYSE: DNN ) (TSX: DML), Uranium Energy Corp (NYSE: UEC ), NexGen Energy Ltd. (NYSE: NXE ) (TSX: NXE), American Resources Corporation (NASDAQ: AREC ). The article said: ""Globally, nuclear continues to account for 10 percent of total electricity and is the second largest source of carbon-free power," said John Kotek, vice president of policy development and public affairs at the Nuclear Energy Institute. "While that number won't change much in the near term given the number of nuclear reactors under construction today, the interest we're seeing in new nuclear construction coupled with the increasing drive to decarbonize gives us confidence that share will grow over time. Kotek also noted that recent analysis by the International Atomic Energy Agency, the Organization for Economic Co-operation and Development, the International Energy Agency and others reinforces the expectation that world nuclear generation capacity will increase significantly by 2050. This growth will be facilitated by new reactors coming online and joining the current global fleet of 445 reactors." BASIN URANIUM CORP. (CSE: NCLR.CN) (OTCPK: BURCF) BREAKING NEWS: BASIN URANIUM COMMENCES DRILLING AT MANN LAKE – BASIN URANIUM CORP. ("Basin Uranium" or the "Company") is pleased to announce it has commenced its spring 2022 diamond drilling program at its Mann Lake uranium project in Saskatchewan's prolific Athabasca Basin. The Mann Lake project is located 25km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and 15 km to the northeast along strike of Cameco's Millennium uranium deposit. "I am happy to report that the drill is turning and we are now coring at Mann Lake." stated Mike Blady, CEO of Basin Uranium. "Since acquiring the project from Skyharbour Resources in late 2021, the Basin team has made great strides in consulting, permitting, planning, and now drilling in a very short period of time. Our focus now is on executing our exploration plans for 2022 in a responsible, safe and timely manner." Bryson Drilling Ltd. is providing diamond drilling services under the supervision of TerraLogic Exploration Inc. With over 100 years of combined experience, Bryson Drilling is a locally owned Saskatchewan family-based business with vast experience in the Athabasca Basin drilling for some of the largest exploration and mining companies in the province. CONTINUED… Read the BASIN URANIUM full press release by going to:  https://basinuranium.ca/news/ In other news and developments of note in the markets this week:  Denison Mines Corp. (NYSE: DNN ) (TSX: DML) recently reported the discovery of multiple new high-grade intercepts of unconformity-hosted uranium mineralization in the final three drill holes completed during the winter 2022 exploration program on the Waterfound River property ("Waterfound"). The results were highlighted by drill hole. WF-68, which returned a broad zone of uranium mineralization, including a peak interval of 5.91% eU3O8 over 3.9 metres(0.05% eU3O8 cut-off) with a sub-interval grading 25.30% eU3O8 over 0.7 m, located approximately 800 metres west, along the La Rocque Conductive Corridor, of the previously discovered high-grade mineralization (including 4.49% U3O8 over 10.53 metres) at the Alligator Zone. PDF Version . Uranium Energy Corp (NYSE: UEC ) recently reported that it has now secured an additional 400,000 pounds of U.S. warehoused uranium, expanding its physical uranium program to 5 million pounds U3O8, with delivery dates out to December 2025 at a volume weighted average price of ~$38 per pound. UEC's physical uranium program represents an unrealized gain of over $125 million based on the current spot price published by TradeTech on April 19, 2022, at $63.25 per pound U3O8. Amir Adnani, President and CEO stated: "A year ago, UEC launched a physical uranium portfolio with 500,000 pounds purchased at a uranium cost basis of less than $30 per pound. The Company has grown the size of our inventory over ten-fold to 5 million pounds by making well-timed purchases near cycle lows that allow us to maintain a low-cost portfolio of ~$38/lb with spot uranium now trading at over $63/lb. At a time of heightened geopolitical uncertainty, UEC has the benefit of secure U.S. warehoused physical inventories. We have also staged our deliveries to receive uranium as far out as December 2025, providing a low-cost stream of physical uranium as we enter this uranium bull market that shows a major structural supply deficit exceeding 215 million pounds by 2026." NexGen Energy Ltd. (NYSE: NXE ) (TSX: NXE) recently announced that it has been approved for uplisting on the New York Stock Exchange ("NYSE") from its current listing on the NYSE American LLC ("NYSE American"). The Company's common stock will begin trading under the symbol "NXE" at the opening of trading on March 4, 2022. Leigh Curyer, Chief Executive Officer commented: "The uplisting on the NYSE is a major corporate milestone for NexGen in creating long-term value and an expansion of our global shareholder base. This listing is a demonstration of NexGen's corporate governance standards, size, liquidity and exceptional value proposition offered to global investors allocating capital to elite ESG entities at a time the demand for reliable and sustainable clean air energy fuel is undergoing a generational transition." American Resources Corporation (NASDAQ: AREC ), a next generation and socially responsible supplier of rare earth and critical elements, carbon and advanced carbon materials to the new infrastructure and electrification marketplace, recently announced that has signed a binding letter of intent to acquire all of the outstanding stock of  Energy Technologies Inc.  ("ETI"), a rare earth element and carbon technology company with a focus on analyzing and separating materials for the recovery and concentration of high-value products. Mark Jensen, CEO of American Resources Corporation commented, "We have had the luxury of working with the Energy Technologies team, led by David Swindell, for the past several years. Most recently, we've been part of a U.S. Department of Energy Federal Demonstration Partnership award, led by ETI, for the analyzing and sorting of mineral-rich resource feedstock in a support role. As part of this  previously announced  program, we had the opportunity to better understand ETI's capabilities and the quality of their technology, and also came away with a very high regard for David and his team. We couldn't be happier to have them join the American Resources team and help continue to drive our innovation in the rare earth and battery metals space. As we continue to expand our footprint of feedstocks, we believe the addition of their patented technologies will highly complement our leading suite of IP with regards to capturing, processing and purifying critical and rare earth elements in the lowest cost and environmentally safe methods." DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty five hundred dollars for news coverage of current press release issued by BASIN URANIUM CORP. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. Contact:

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  • Where is NexGEN's headquarters?

    NexGEN's headquarters is located at Udaipur.

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