Time to go all in on nuclear 📝

Posted on by Synergy Resource Capital

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2–4 minutes

Hey hey – another week is upon us, so let’s dig in. Metals, stocks, and above all, opportunities.

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We’ve got bold policy reversals, trade negotiations and commodity moves to look forward to, plus deals, companies and the meme of the week (who doesn’t love a good meme!).

Let’s dig in:

  • As yet another country legalises nuclear, in this case Belgium, instincts say more countries are coming (sadly, Australia unlikely to be one, given Labor’s win). We should see a move, even if mild, in uranium spot prices by the end of the month. Looking forward to the monthly update on Cameco’s most visited page.

*If you’re viewing this via email, click on the date to view the full tweet.

  • Even the best performers take a break. As trade talks continued and hope for stability grows, gold clocked the worst week since November. Bank of America remains bullish long term but they said gold may have peaked at $3,500, at least for now. However, given that Trump has not given up his fight against pretty much everyone, the pause may not last very long. It will all depend on who is negotiating in good faith, and tantrums are kept to a minimum!
  • Not much new with Dr. Copper, so it should be a pretty boring week for reasons discussed last week. In addition, inventories remain disrupted by the tariff threat, with CME is +81% YTD, now at an eight-year high of 152,919 metric tons, vs LME at a one-year low of 179,375 tons. This is likely to continue until Trump makes a decision. When will that be? It seems not even Trump knows.
📊 Reuters
  • US dollar weakened, and S&P 500 was slightly up.
  • Economic indicators: Australia interest rate decision, FDI China, GDP Mexico (plus Victoria Day Holiday in Canada, Navy Day in Chile)
  • With volatility easing a bit, we may see investors shifting their gaze to the many attractive gold miners and moving some capital there. Looks like the right time, doesn’t it? Chinese miners like Chifeng Gold seem to agree.

But that’s not all…

ICYMI

Keen on the big themes in metals and mining?

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Looking for investment opportunities?

Every week, we look into 3 stocks with serious upside potential, based on announcements and activity, to identify potential gems. You can find last week’s here:

This week’s gem hunt ft. $CDB $MARI $EQX

Companies

Deals, capital raising and IPOs

  • Pan American $PAAS, one of our favourites, strikes $2.1B deal to buy MAG Silver and its Mexico production
  • China Minmetals investing $300M for control of Highfield Resources $HFR
  • Upcoming/recent IPOs:
    • VBX Ltd $VBX set for a listing on ASX; near-term producer of high-quality, low-silica Australian bauxite, via a $10M raising led by Morgans. Price on listing to be $0.6/share.
    • Core Nickel Corp. $CNCO graduating from CSE to TSX-V

Normally, we expect to see a lift in targets and weakness in acquiring parties. For IPOs, we like to keep an eye on listing day, as any big swings may point to opportunities.

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Discover

It’s been a long wait but it looks like the time for nuclear to truly shine is near.

When that feeling of power becomes actual power – clean power that bridges the gap for all.

And that’s it for today.

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Disclaimer: Opinions and materials presented are not investment or financial advice and are intended for informational and educational purposes only; please consult a financial advisor before investing. Companies mentioned publicly may be held and/or clients, except within the member section. Content might contain affiliate links. By reading or sharing, you agree to our full disclaimer.

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Sources: Canaccord research, Bloomberg, Reuters, Mining.com, TradingView, ASX, TMX, plus our own research

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