The uranium market is sending investors a confusing signal: the price of the commodity is rising, yet uranium equities continue to struggle.
In this op-ed, Purepoint Uranium Group Inc (TSX-V:PTU, OTCQX:PTUUF, FRA:P5X0) CEO Chris Frostad argues that the disconnect reflects a contracting cycle that has been repeatedly anticipated but has yet to arrive in force.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said it will use the net proceeds from an upsized C$19 mllion bought-deal financing to fund an open-hole horizontal sidetrack and production testing program targeting the Huttenberg and Elandshoek formations, along with general corporate purposes and working capital.
The company has entered into an amended agreement with Research Capital Corporation as sole bookrunner and lead underwriter, on behalf of a syndicate including Canaccord Genuity (TSX:CF, LSE:CF) Corp. and ATB Cormark Capital Markets, to increase the size of its previously announced offering.
FuelCell Energy (NASDAQ:FCEL) reported a steeper third-quarter loss on Wednesday, as inventory and purchase-commitment charges tied to a new data center power agreement pushed costs above what the deal currently pays.
Revenue fell 29% year-over-year to $33 million, missing analyst estimates of $41.3 million, while adjusted loss per share came in at $0.64, wider than the $0.41 loss expected.
MongoDB Inc (NASDAQ:MDB) reported stronger-than-expected second-quarter fiscal 2027 results on Tuesday, with revenue and adjusted earnings exceeding analyst estimates as the database software company continued to expand its cloud business.
Revenue for the quarter ended July 31 was $771.8 million, up 30% from $591.0 million a year earlier and above estimates ranging from $733.6 million to $735 million.
Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) has begun a Phase Two exploration program at its Dumbwa copper deposit in Zambia, the company said, shifting from broad systematic drilling to a more targeted strategy aimed at expanding higher-grade mineralization.
The new phase builds on Phase One, which saw nearly 75,000 metres of drilling across the initial 11.5 kilometres of the roughly 20 kilometre Dumbwa copper-in-soil anomaly. That work identified four areas of more intense copper mineralization within the broader corridor and generated an extensive geological, geochemical and geophysical dataset.
Immunic Inc (NASDAQ:IMUX, FRA:10VA) announced that it will host a virtual research and development day focused on relapsing multiple sclerosis on September 9, as the biotechnology company prepares for topline results from its Phase 3 ENSURE trials expected by the end of 2026.
The event will feature Immunic management, including CEO Erik Lundgren, chief medical officer Michael Panzara, chief scientific officer Hella Kohlhof and president and chief operating officer Jason Tardio.
Shares in Corero Network Security PLC (AIM:CNS, OTCQB:DDOSF) rose 10% to 8p after itech vendor secured a combined $3.9 million in new agreements to deploy its sovereign cybersecurity defences across the UK telecommunications sector and the global NeoCloud sector.
At the heart of the operational update is a pivotal five-year contract worth $3.4 million with a leading UK-based tier 1 fixed and mobile telecommunications provider.
Motorpoint Group PLC (LSE:MOTR, OTC:MTPTF, FRA:1X4), the UK's leading independent vehicle retailer, saw its shares climb 8% to 141.00p on Wednesday after issuing an unexpected trading update.
The shares were up 11.00p from Tuesday's close of 130.00p, having opened at 135.00p and reached an early high of 142.00p.
St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF) has started pilot plant beneficiation test work on material from its 100%-owned Araxá Niobium and Rare Earths Project in Brazil, advancing work towards a processing flowsheet capable of producing both niobium and rare earth products.
The program at the CIT-SENAI facility in Belo Horizonte is using about nine tonnes of near-surface saprolite material and is expected to run for four to six weeks, with results anticipated during the fourth quarter of 2026.
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) has begun gas commissioning of the Sturt Plateau Compression Facility (SPCF) at its Shenandoah South development in the Beetaloo Basin, bringing the company closer to first gas sales to the Northern Territory Government.
The milestone comes alongside a non-binding memorandum of understanding with Liberty Energy (NYSE: LBRT) aimed at extending their hydraulic fracture stimulation and wireline services partnership for up to five years.