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Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. 

Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, handling manufacturing, sourcing and distribution. Under the brand management business model, Levi’s stands to make up to $391 million in future years based on how well Dockers performs under the Authentic umbrella, which also includes Forever 21′s intellectual property and brands like Reebok and Nautica.

“The Dockers transaction further aligns our portfolio with our strategic priorities, focusing on our direct-to-consumer first approach, growing our international presence and investing in opportunities across women’s and denim lifestyle,” Levi’s CEO Michelle Gass said in a statement. “After a robust process, we are confident that we maximized the value of the business and that Authentic is the right organization to usher in the next chapter of growth for the Dockers brand.” 

In October, Levi’s announced it was considering selling Dockers as it looked to focus on growing its namesake line and its athleisure brand, Beyond Yoga. Levi’s created Dockers in 1986 as a hedge against denim and to offer consumers an alternative: khakis. The brand was hugely popular throughout the 1990s and 2000s, but khakis have since fallen out of fashion in the U.S., especially recently as denim makes another comeback. 

To grow Dockers, Levi’s needed to offer more tops and bottoms, but the company is doing the same thing at its namesake banner and there was too much overlap between the two brands. Dockers’ performance was also dragging down Levi’s results and Gass, who took the helm of the company a little over a year ago, has been working to cut off extraneous businesses to fuel growth and focus on direct selling. 

In the three months ended March 2, Levi’s reported $67 million in revenue related to Dockers. The figure isn’t comparable to the year-ago period because Levi’s only recently started breaking out the performance of each individual brand. 

While khakis have fallen out of favor in the U.S., Dockers is still popular abroad, which is what makes a brand management company a strategic fit, according to people who have seen Dockers’ financials and spoke on the condition of anonymity because the details were private. Firms like Authentic are skilled at rapidly licensing and deploying brands internationally.

In a press release, Authentic said it plans to “unlock new opportunities” for Dockers through its global network of 1,700 licensing partners. It said it is in active discussions with regional operators in Latin America, Europe, the Middle East and Asia to expand Dockers’ existing businesses across those markets. 

“Few brands own a category the way Dockers does, yet still have so much room to grow,” said Matt Maddox, president at Authentic. “Its legacy in casualwear gives it a strong foundation, but the real opportunity lies in reimagining the brand for a new generation. Through our global platform and deep licensing network, we’re committed to stewarding the brand into its next era of growth and relevance.”

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Sports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming marketing event.

The company announced Tuesday it is introducing a skills-based competition at Fanatics Fest 2025, taking place June 20-22 in New York City. Fanatics says more than $2 million will be given away in prizes, including a $1 million cash prize for first place, a Ferrari 812 GTS for second place and a Lebron James collectors card worth $250,000 for third place. If no fans finish in the top three, falling short of the celebrity competitors, the highest-scoring fan will receive $100,000.

If a celebrity competitor comes in first, they take home the seven-figure prize.

“I think the thinking was, how do we create even more of an insane environment where fans and athletes and streamers are all running around, in this case, quite literally, having a great time and showcasing all of that,” said Lance Fensterman, CEO of Fanatics Events.

It’s the second Fanatics Fest after the inaugural event last year drew more than 70,000 fans and brought together major sports leagues and hundreds of current and former athletes. The offerings last year included league activations, autograph sessions and a trading cards and collectibles show.

This year, Fanatics is hoping to go even bigger — with a goal of bringing in 100,000 attendees — as the company continues to broaden its reach in sports marketing.

Michael Rubin acquired Fanatics in 2011 after merging it with his company, GSI Commerce. What began as a sports e-commerce platform has evolved in recent years into a diverse sports platform offering trading cards and sports memorabilia, live shopping, betting and gaming, as well as an events business.

Fifty fans will be selected to compete at Fanatics Fest 2025 against top talent that also includes comedian Kevin Hart, former New England Patriot Rob Gronkowski, Los Angeles Clippers shooting guard James Harden and Olympic gymnast Jordan Chiles.

The competition will include Major League Baseball pitching accuracy, National Hockey League slapshot accuracy, National Football League passing accuracy, a National Basketball Association shooting competition, a FIFA goal scoring challenge and a golfing contest. Fans can apply to participate by submitting a short video in the Fanatics app.

While Fanatics’ events business represents just a small fraction of business — last valued at $25 billion, according to a person familiar with the company — Fensterman said Fanatics Fest creates a lot of positive sentiment around the company.

“It’s incredibly impactful in terms of bringing the entire ecosystem together for the sole focus of delighting,” he said.

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As the Trump administration and Republicans across the country push to eliminate diversity, equity and inclusion (DEI) policies across the board, the executive director of a top consumer advocacy group spoke to Fox News Digital about what companies and institutions are doing to skirt those efforts.

‘Over the last few months, we’ve sort of seen a phase shift in the ways that they’re trying to keep this DEI grift going,’ Consumers’ Research Executive Director Will Hild told Fox News Digital about companies, organizations, hospitals and other entities that are attempting to rebrand DEI and environmental, social and governance in the Trump era. 

‘At first, they just pushed back on, tried to defend DEI itself, but when that became so obvious that what DEI really was was anti-White, anti-Asian, sometimes anti-Jewish discrimination in hiring and promotion, they abandoned that,’ Hild said. ‘Now what they’re trying to do is simply change the terminology that has become so toxic to their brand. So we’re seeing a lot of companies move from having departments of DEI, for example, to ‘departments of belonging’ or ‘departments of inclusivity.’’

Several major companies have publicly distanced themselves from DEI in recent months as the new administration signs executive orders eliminating the practice while making the argument that meritocracy should be the focus. 

However, FOX Business exclusively reported in April on Consumers’ Research warning that some businesses appear to be rebranding the same efforts rather than eliminating them. 

‘It is the exact same toxic nonsense under a new wrapper, and they’re just hoping to extend the grift because a lot of these people, I would say most of the people working in DEI are useless,’ Hild told Fox News Digital. 

‘They are mediocrities who have managed to get very high-level positions that they’re not qualified for by running this DEI grift, and they’re desperate,’ he continued. ‘They can’t just move into running logistics for Amazon because that takes actual competence and intelligence and if you’re in a DEI department, you probably don’t have either of those things. So they are desperate to keep this grift going so they can justify their own existence. So they’re changing it into a new wrapper.’

Hild, who spoke to Fox News Digital at the State Financial Officers Foundation conference in Orlando, Florida, also explained some of the other issues Consumers’ Research is focused on going forward, including fighting ‘woke’ hospitals in three different areas.

‘One is net zero pledges and activities that raise costs for consumers, patients having to pay more because these hospitals are investing millions, sometimes tens of millions of dollars, into green boondoggle projects that have nothing to do with the treatment of patients and the improvement of their health, but they do raise prices,’ Hild said.

Secondly, Hild said that his group is concerned about DEI quotas at hospitals.

Hild explained that the third and ‘worst’ issue is transgender surgeries and procedures being forced onto children.

‘Pushing of radical left transgender ideology onto kids, and not just pushing it ideologically and rhetorically, but pushing it physically, and what I mean by that is the injection of damaging, lifelong damaging hormones into children to, quote, unquote, change their sex, which is impossible, and even worse, the actual surgical application, removal and mutilation of their genitals, which is a grotesque violation of the Hippocratic Oath,’ Hild said.

Consumers’ Research has been actively involved in launching advertising campaigns against hospitals across the United States, including a recent campaign against Henry Ford Health in Michigan, calling out what it says are situations where hospitals are putting ‘politics over patients.’

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A federal judge blocked the Trump administration’s dismantling of the U.S. Institute of Peace, writing in a ruling that the removal of its board members and the takeover of its headquarters by members of the Department of Government Efficiency (DOGE) are actions that are ‘null and void.’ 

The response this week from U.S. District Court Judge Beryl Howell comes after the Institute filed a lawsuit against the Trump administration in March calling for ‘the immediate intervention of this Court to stop Defendants from completing the unlawful dismantling of the Institute and irreparably impairing Plaintiffs’ ability to perform their vital peace promotion and conflict resolution work as tasked by Congress.’ 

‘The Administration removed the Institute’s leadership, including plaintiff Board members and its president in contravention of statutory limitations, and had personnel from a newly created federal office, called the Department of Government Efficiency, forcibly take over the Institute’s headquarters on March 17,’ Howell wrote in her ruling. ‘With a newly installed USIP president, the Administration then handed off USIP’s property for no consideration and abruptly terminated nearly all of its staff and activities around the world.’

‘Congress’s restrictions on the President’s removal power of USIP Board members are squarely constitutional, and the President and his Administration’s acts to the contrary are unlawful and ultra vires. The actions that have occurred since then – at the direction of the President to reduce USIP to its ‘statutory minimums’ – including the removal of USIP’s president, his replacement by officials affiliated with DOGE, the termination of nearly all of USIP’s staff, and the transfer of USIP property to the General Services Administration, were thus effectuated by illegitimately-installed leaders who lacked legal authority to take these actions, which must therefore be declared null and void,’ she added. 

The Institute of Peace is an independent, national institution funded by Congress that was established in 1984 under the Reagan administration to promote peace and diplomacy on the international stage.  

‘Congress has endorsed USIP’s important work by continuing to fund the Institute through appropriations bills signed by seven different Presidents from both major political parties, including the current President during his first term in office,’ Howell said in the ruling.  

‘In a drastic and abrupt change of course, within the first month of his second term, President Trump unilaterally decided that USIP is ‘unnecessary,’ issuing Executive Order 14217 to this effect, and then his Administration rushed through actions, including removal of Board members, to reach the professed goal of reducing all of USIP’s operations and personnel to the bare minimum to perform only mandated statutory tasks, while ignoring the broader statutory goals set out for this organization to fulfill,’ she also said. 

Ultimately, Howell concluded, the Trump administration’s actions ‘represented a gross usurpation of power and a way of conducting government affairs that unnecessarily traumatized the committed leadership and employees of USIP, who deserved better.’

The White House did not immediately respond Tuesday to a request for comment from Fox News Digital. 

In March, it said the Trump administration gutted the Institute of Peace of ‘rogue bureaucrats’ who held a tense standoff with a DOGE team that required police intervention. 

‘Rogue bureaucrats will not be allowed to hold agencies hostage,’ White House spokeswoman Anna Kelly said at the time. ‘The Trump administration will enforce the president’s executive authority and ensure his agencies remain accountable to the American people.’ 

The administration now has 30 days to file an appeal to the ruling.

‘The United States Institute of Peace has existed for 40 years on a $50 million annual budget, but failed to deliver peace,’ Kelly told the Associated Press. ‘President Trump is right to reduce failed, useless entities like USIP to their statutory minimum, and this rogue judge’s attempt to impede on the separation of powers will not be the last say on the matter.’ 

Fox News Digital’s Emma Colton contributed to this report. 

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President Donald Trump will make an announcement on the Golden Dome missile defense system at 3 p.m. ET this afternoon alongside Defense Secretary Pete Hegseth and Space Force Vice Chief of Operations, General Michael Guetlein, a U.S. official confirmed to Fox News. 

The Pentagon’s recommendations for the multibillion-dollar project will be announced, including the drafted architecture and implementation plan for the complex satellite system, the official added. 

A total of $25 billion has been carved out of next year’s defense budget for this system, but the Congressional Budget office estimates it could cost as much as $500 billion over the next 20 years.   

Officials told Reuters that Guetlein will likely be named as the lead program manager for the Golden Dome project. 

Last month, Reuters reported that Elon Musk’s SpaceX and two of its partners have emerged as frontrunners to build part of the missile defense system. 

SpaceX is teaming up with software maker Palantir and defense technology company Anduril for a joint bid, with all three of the companies having met with top officials in the Trump administration and the Pentagon to pitch their proposal, sources told Reuters at the time. 

Their plan is to build and launch 400 to up to more than 1,000 satellites to track the movement of missiles around the globe, the sources said. A fleet of 200 attack satellites armed with missiles or lasers would then eliminate enemy projectiles, but the SpaceX group is not anticipated to play a role in the weaponization of those satellites, the sources added.   

Trump has ordered the construction of an advanced, next-generation missile defense shield to protect the U.S. from an aerial attack.  

In January, he signed an executive order that tasks Secretary of Defense Pete Hegseth with drawing up plans to build an ‘Iron Dome for America’ that will protect Americans from the threat of missiles launched by a foreign enemy. 

The Pentagon has received interest from more than 180 companies to help build the project, a U.S. official told Reuters.   

Fox News’ Sarah Rumpf-Whitten contributed to this report.   

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Republican senators are renewing calls for the Pentagon’s watchdog to investigate alleged misconduct and efforts to ‘undermine the chain of command’ by former Chairman of the Joint Chiefs of Staff Gen. Mark Milley, Fox News Digital has learned. 

Sen. Chuck Grassley, R-Iowa, and Sen. Jim Banks, R-Ind., penned a letter obtained by Fox News Digital to the acting inspector general of the Department of Defense, Steven Stebbins, renewing their 2022 request for a review of Milley’s conduct.

‘We are writing to ensure that our concerns about alleged misconduct by the former Chairman of the Joint Chiefs of Staff, General Mark Milley, are finally addressed,’ Grassley and Banks wrote. 

The two senators made a request for an independent review of the conduct on Aug. 17, 2022, when Banks was serving as the chair of the House Republican Study Committee, but the review was closed by the former inspector general ‘without ever providing acceptable answers to our questions.’ 

Grassley and Banks said that Defense Secretary Pete Hegseth has since ‘revived this review,’ directing the acting inspector general to ‘conduct a review of General Milley’s alleged misconduct, including his actions to ‘undermine the chain of command.’’ 

Hegseth is also seeking answers on whether ‘enough evidence exists for General Milley to be stripped of a star in retirement.’ 

‘The Secretary’s request rungs parallel to ours,’ Grassley and Banks wrote, noting that Hegseth’s request ‘takes priority,’ but requested that once his request is complete, they will expect ‘some long overdue answers.’

The senators’ inquiry was triggered by ‘explosive statements’ made by Milley in several books, including ‘Peril’ by Bob Woodward and Robert Costa. The book chronicled Milley making ‘disparaging remarks about his Commander-in-Chief’ and attempting ‘to insert himself in the nuclear chain of command despite having no nuclear command authority,’ Grassley and Banks said. 

They also referenced a promise Milley made to his Chinese counterparts ahead of any potential U.S. attacks on Beijing. 

Fox News Digital reported in 2021 that Milley confirmed that he did, in fact, tell his Chinese counterpart that he would likely call ahead of any potential U.S. attacks on China, but he maintained that he had that conversation at the direction of then-Defense Secretary Mark Esper after assessing intelligence suggesting heightened Chinese concerns about escalation.

Milley added, though, that he was ‘not going to tip off any enemy to what the United States is going to do in an actual plan.’ 

The book also chronicled comments in which Milley said he believed then-President Donald Trump ‘had gone into serious mental decline … and could go rogue and order military action or use nuclear weapons, without going through required procedures.’

The lawmakers also pointed to the book’s report that Milley had to ‘take any and all necessary precautions’ to prevent the former president from engaging in a ‘rogue’ military action and he ‘wanted to find a way to inject, if not require, that second opinion.’

Grassley and Banks said that the Department of Defense’s former inspector general’s ‘refusal to investigate allowed Milley to dodge responsibility.’  

‘The nation’s highest-ranking military officer has a solemn responsibility to set an example of excellence and to model good conduct for all American service members,’ they wrote. ‘The record suggests that General Milley failed to meet those standards.’ 

Grassley and Banks said Milley’s ‘conduct and willful undermining of his Commander-in-Chief posed a grave threat to civilian control of the military.’ 

‘The issues raised by Milley’s alleged misconduct are too important to be swept under the rug,’ they wrote. ‘They must be examined, and if substantiated, General Milley should be held accountable.’ 

Grassley and Banks added that the acting inspector general’s ‘full cooperation would be appreciated.’ 

Milley did not immediately respond to Fox News Digital’s request for comment. 

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Iranian Supreme Leader Ayatollah Ali Khamenei on Tuesday called U.S. demands that Tehran stop enriching uranium entirely ‘utter nonsense’ and questioned whether future nuclear talks could succeed. 

‘For the Americans to say, ‘We won’t allow Iran to enrich uranium,’ is utter nonsense,’ he said in a post on X. ‘We aren’t waiting for anyone’s permission. 

‘The Islamic Republic has certain policies, and it will pursue them,’ he added, without expanding on what these policies are. 

Iran in recent years has been under international pressure to halt its nuclear program, as many fear Tehran is actually in pursuit of nuclear weapons development. 

Iran has not stated it intends to build a nuclear weapon, but it has enriched uranium to near-weapons grade and bolstered its missile program in what experts argue is an important step to ensure Tehran could fire a nuclear warhead.

While uranium can be enriched for civil nuclear power and nations across the globe rely on nuclear energy, including the U.S., which utilizes nuclear energy to supply nearly 20% of its energy needs and is its largest source of clean energy, Iran’s reliance on nuclear energy amounted to less than 1% in 2022, according to the International Energy Agency. 

The White House did not immediately respond to Fox News Digital’s questions over whether it has in fact demanded that Tehran halt all uranium enrichment. 

However, Khamenei suggested the Trump administration’s push to negotiate on Iran’s nuclear program could be short-lived. 

‘Indirect negotiations took place during Martyr Raisi’s term similar to what’s happening now. Needless to say, there was no result,’ he added in reference to negotiation attempts under the Biden administration. ‘We don’t think these negotiations will yield results now either. We don’t know what will happen.’

Reports suggested that the fifth round of nuclear talks could take place this weekend in Rome, but Khamenei, as well as his Foreign Minister Abbas Araqchi, said Iran had not yet agreed to the talks following the U.S.’ latest demands.  

‘A date has been suggested, but we have not yet accepted it,’ Araqchi told reporters Tuesday, according to a Reuters report. ‘We are witnessing positions on the U.S. side that do not go along with any logic and are creating problems for the negotiations. 

‘That’s why we have not determined the next round of talks, we are reviewing the matter and hope logic will prevail,’ Araqchi added.

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After spending most of 2025’s first quarter consolidating at the US$63 per pound level, spot U3O8 prices have been on an upswing, adding 13.62 percent between March 30 and May 14.

The uptick has been supported by improving utility demand, tariff clarity and resilient supply-demand fundamentals.

While broad market uncertainty added pressure for other commodities, uranium’s long term outlook prevented the energy fuel from suffering more declines at the start of the year’s second quarter.

“As other asset classes faltered, uranium held its ground, supported by its structural supply-demand story, inelastic demand and insulation from tariff-related disruptions,” Jacob White of Sprott (TSX:SII,NYSE:SII) wrote in a recent uranium report.

As tailwinds propelled the spot price higher uranium, uranium equities also caught an updraft.

“Physical uranium and uranium equities continue to outperform over longer periods,” said White, who is the firm’s exchange-traded fund product manager. “The strong five-year returns of physical uranium and uranium equities relative to broader commodity and equity benchmarks reinforce the metal’s role as a differentiated and strategic asset class.”

The list below provides an overview of the five largest uranium companies by market cap. All data was current as of May 15, 2025. Read on to learn about these top uranium stocks and their operations.

1. BHP (NYSE:BHP,ASX:BHP,LSE:BHP)

Market cap: US$128.63 billion

Mining major BHP owns and operates Australia’s Olympic Dam mine, considered one of the world’s largest uranium deposits. While the site is included in the company’s Copper South Australia operations portfolio and copper is the primary resource extracted, the mine also produces significant quantities of uranium, gold and silver.

In the operational review for its third fiscal quarter of 2025, released in mid-April, BHP reported a decrease in uranium production year-over-year. The company’s fiscal year-to-date uranium production totaled 2,180 metric tons, an 18 percent contraction from 2,674 metric tons in the first three quarters of fiscal 2024.

BHP is advancing its Olympic Dam expansion plan, which includes building a two-stage smelter, with a final decision due in 2026, and the US$5 billion Northern Water project, featuring a desalination plant and 600 kilometer pipeline.

The expansion targets a copper output of 650,000 metric tons annually by the mid-2030s, doubling its current production. While it was previously expected that BHP’s uranium output would expand at a similar rate, causing fear of oversupply and low prices, BHP announced in February that this would not be the case.

Uranium production is expected to rise marginally, by roughly 1 percent.

Additionally, if the company decides to expand the hydrometallurgical plant to process uranium in the future, growth will still be smaller than expected due to lower uranium concentrations in feedstock ore from newly integrated assets Carrapateena and Prominent Hill.

2. Cameco (NYSE:CCJ,TSX:CCO)

Market cap: US$23.2 billion

Uranium major Cameco holds significant stakes in key uranium operations within the Athabasca Basin of Saskatchewan, Canada, including a 54.55 percent interest in Cigar Lake, the world’s most productive uranium mine.

The company also owns 70 percent of the McArthur River mine and 83 percent of the Key Lake mill. Orano Canada is Cameco’s primary joint venture partner across these operations.

Cameco also holds a 40 percent interest in the Inkai joint venture in Kazakhstan, with the rest held by the state company Kazatomprom. The mine produces uranium using in-situ recovery.

Weak spot uranium prices between 2012 and 2020 weighed heavily on pure-play uranium producers. In 2018, Cameco placed the McArthur River and Key Lake operations on care and maintenance, reducing the company’s total annual uranium output from 23.8 million pounds in 2017 to 9.2 million pounds in 2018.

Improving market dynamics prompted the company to restart MacArthur Lake in 2022.

As a full nuclear fuel cycle provider, Cameco, in partnership with Brookfield Renewable Partners and Brookfield Asset Management, completed the purchase of Westinghouse Electric Company — a leading provider of nuclear power plant services and technologies — in November 2023.

In its Q1 update, Cameco reported steady operational and financial performance, with consolidated adjusted EBITDA of C$353 million and adjusted net earnings of C$70 million.

While uranium segment earnings declined due to timing of sales at its Inkai joint venture, average realized prices improved, supported by stronger fixed-price contracts and a favorable US dollar. For 2025, Cameco expects uranium production of 18 million pounds on a 100 percent basis at each of Cigar Lake and McArthur River/Key Lake.

After logistical issues at its Inkai joint venture in Kazakhstan weighed on production growth in 2024, Inkai suspended operations for about three weeks in January due to a directive from partner Kazatomprom. The revised 2025 production target is 8.3 million pounds on a 100 percent basis, with Cameco’s allocation at 3.7 million pounds. No deliveries from Inkai are expected until the second half of the year.

3. NexGen Energy (NYSE:NXE,TSX:NXE,ASX:NXG)

Market cap: US$3.18 billion

NexGen Energy, a company specializing in uranium exploration and development, is primarily focused on the Athabasca Basin. Its flagship project is the Rook I project, which includes the Arrow discovery.

The company also owns a 50.1 percent interest in exploration-stage company IsoEnergy (TSXV:ISO,OTCQX:ISENF).

In its Q1 results, NexGen reported a net loss of C$50.9 million, driven primarily by an impairment on its investment in IsoEnergy and ongoing exploration spending at its Rook I uranium project. Despite the loss, NexGen maintained a cash position of C$434.6 million, down from C$476.6 million at the end of 2024.

The largest component of the cash flow change was investing activities at C$34.3 million, mostly tied to C$28.1 million in exploration and evaluation expenses. The majority of this went toward technical work, permitting, and drilling at Rook I. NexGen also made a C$6.3 million follow-on investment in IsoEnergy.

Financing activity was limited, with C$557,000 raised from stock option exercises and C$6.8 million in restricted cash movements, resulting in a total cash outflow of C$41.9 million.

The company continues to hold a strategic uranium inventory of 2.7 million pounds of U3O8, valued at C$341 million. While NexGen does not currently generate production revenue, it remains well-capitalized to fund its development plans as it progresses Rook I toward potential construction and licensing milestones.

In late March NexGen reported its “best ever discovery phase intercept” at Rook I. As noted in a press release, drill hole RK-25-232 at the Patterson Corridor East zone intersected 3.9 meters of exceptionally high uranium readings within a larger 13.8 meter mineralized section starting at 452.2 meters depth.

4. Uranium Energy (NYSEAMERICAN:UEC)

Market cap: US$2.36 billion

Uranium Energy (UEC) has two production-ready in-situ recovery (ISR) uranium projects — its Christensen Ranch uranium operations in Wyoming and its Texas Hub and Spoke operations in South Texas — as well as two operational processing facilities. It plans to restart uranium production in Wyoming in August and resume South Texas operations in 2025.

The firm has built one of the largest US-warehoused uranium inventories, and in 2022 secured a US Department of Energy contract to supply 300,000 pounds of U3O8 as part of the country’s move to establish a domestic uranium reserve.

UEC also holds a wide portfolio of uranium projects in the US and Canada, some of which have major permits secured. In August 2022, UEC completed its acquisition of uranium company UEX. That same year, UEC also acquired both a portfolio of uranium exploration projects and the Roughrider uranium project from Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO).

In January, UEC increased its stake in Anfield Energy (TSXV:AEC,OTCQB:ANLDF) by acquiring 107.1 million shares for approximately C$15 million, at C$0.14 per share. The deal boosts UEC’s ownership to about 17.8 percent.

A month later, the company announced that it had achieved a key milestone by successfully processing, drying and drumming uranium at its Irigaray central processing plant in Wyoming.

Uranium concentrate produced from the plant will be shipped to the ConverDyn conversion facility in Illinois.

In March, UEC released results for the quarter ended on January 31, highlighting that additional wellfields at Christensen Ranch were on track to begin production in the coming weeks. It also finalized the acquisition of Rio Tinto’s Sweetwater plant, adding 4.1 million pounds per year of licensed capacity and establishing its third ISR hub-and-spoke platform.

Financially, UEC reported Q2 revenue of US$49.8 million from selling 600,000 pounds of U3O8 at US$82.92 per pound, generating US$18.2 million in gross profit. The company holds 1.36 million pounds in uranium inventory valued at US$97.3 million, with an additional 300,000 pounds to be acquired at US$37.05 per pound this December.

In May, UEC signed a memorandum of understanding with Radiant Industries to collaborate on strengthening the US nuclear energy value chain. As part of the agreement, UEC will supply domestically sourced uranium to Radiant. The partnership supports Radiant’s development of the Kaleidos portable nuclear microreactor, which is planned to be mass produced, aligning with growing national interest in small modular reactors and energy security.

5. Denison Mines (NYSEAMERICAN:DNN,TSX:DML)

Market cap: US$1.33 billion

Denison Mines is focused on uranium mining in Saskatchewan’s Athabasca Basin. holding a 95 percent interest in the Wheeler River uranium project, which hosts the Phoenix and Gryphon deposits.

The company has significant landholdings in the basin through both operating and non-operating joint venture interests with uranium majors such as Orano and Cameco. This includes a 22.5 percent interest in Orano’s McLean Lake mill and mine, the latter of which is expected to re-enter production in 2025.

In 2023, Denison completed a feasibility study for Phoenix, which hosts proven and probable reserves of 56.7 million pounds of uranium. The company is planning to use ISR for Phoenix and is targeting first production for 2027 or 2028. Denison also updated a 2018 prefeasibility study for the Gryphon deposit as an underground mine.

According to the company, both deposits have low-cost production potential.

In February, Denison announced that the Canadian Nuclear Safety Commission has scheduled public hearings for the Phoenix ISR project, which will take place in two parts, one in October and one in December.

The hearings are the final step in the federal approval process for the project’s environmental assessment and license to construct and prepare a uranium mine and mill.

On May 12, Denison released its results for the first quarter, noting that Phoenix had reached 75 percent completion for total engineering. If it receives approval later this year, Denison expects to begin construction for the Phoenix ISR operation in early 2026 and achieve production in 2028.

Meanwhile, site prep resumed at the McClean North deposit, which will be mined using the joint venture’s proprietary SABRE mining method. Operations are on track to begin mid-year.

FAQs for uranium investing

What is uranium?

First discovered in 1789 by German chemist Martin Klaproth, uranium is a heavy metal that is as common in the Earth’s crust as tin, tungsten and molybdenum. Named after the planet Uranus, which was also discovered around the same time, uranium has been an important source of global energy for more than six decades.

What country has the most uranium?

Australia and Kazakhstan lead the world in both terms of uranium reserves and uranium production. Australia takes first prize for the world’s largest uranium reserves, representing 28 percent globally at 1,684,100 MT of U3O8. However, the Oceanic country ranks fourth in global uranium production, putting out 4,087 MT of U3O8 in 2022.

For its part, Kazakhstan controls 13 percent of global uranium reserves and leads the world in uranium production with 2022 output of 21,227 MT. Last year, Canada passed Namibia to become the second largest uranium producer, putting out 7,351 MT of U3O8 in 2022 compared to Namibia’s 5,613 MT. The countries hold 10 percent and 8 percent of global reserves respectively.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

(TheNewswire)

TORONTO, ON TheNewswire – May 20, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( ‘Silver Crown’ ‘SCRi’ the ‘Corporation’ or the ‘Company’ ) is pleased to announce a non-brokered offering (the ‘ Offering ‘) for gross proceeds of up to C$2,000,000.

The Company intends to issue up to 307,692 units (‘ Units ‘) of the Company at a price of C$6.50 per Unit pursuant to the Offering. Each Unit will consist of one common share in the capital of the Company (‘ Common Share ‘) and one Common Share purchase warrant (‘ Warrant ‘). Each Warrant will be exercisable to acquire one (1) additional Common Share at an exercise price of C$13.00 for a period of three years from the date of the closing of the Offering (the ‘ Expiry Date ‘). Closing of the Offering will be subject to customary conditions precedent, including the prior approval of Cboe Canada Inc.

Peter Bures, Silver Crown’s Chief Executive Officer, commented, ‘In the current market environment, this financing paves the way to free cash flow in Q4 of this year by facilitating the completion of the second tranche of our silver royalty on PPX Mining Corp.’s Igor 4 project and other growth initiatives.’

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, In the current market environment, this financing paves the way to free cash flow in Q4 of this year by facilitating the completion of the second tranche of our silver royalty on PPX Mining Corp.’s Igor 4 project and other growth initiatives’ . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

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Investorideas.com, a global investor news source covering mining and metals stocks releases a new episode of the Exploring Mining Podcast . Host Cali Van Zant talks with Andrew Bowering, Chairman of Apollo Silver Corp. (TSXV: APGO) (OTCQB: APGOF) (FSE: 6ZF0). Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to advance world class precious metals projects in tier-one jurisdictions.


Andrew Bowering, Chairman of Apollo Silver Corp

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Andy shares his background, his passion for the mining sector, how he defines success and his vision for Apollo Silver Corp. and its key projects.

Key takeaways from interview:

    Listen to the podcast:

    https://www.spreaker.com/episode/this-fully-funded-silver-stock-holds-america-s-biggest-undeveloped-silver-mine–66126199

    Watch on YouTube:

    Listen to Exploring Mining on Spotify

    Listen to Exploring Mining podcast on iTunes Apple podcasts

    Podcast Overview
    Andrew Bowering, Chairman of Apollo Silver Corp shares his extensive background in the mining industry, which spans 35 years. Andy explains how he founded Apollo Silver at the request of investors, raising significant funds and acquiring assets from mid-tier to major companies in the silver space.

    The conversation then shifts to the recent appointment of Ross McElroy as CEO of Apollo Silver. Andy highlights Ross’ extensive experience in the industry, including his recent sale of Fission Uranium for $1.1 billion, and expresses enthusiasm about having Ross now lead the Apollo team. (Related news release)

    California Mining Landscape and Calico Project
    Andy discusses the mining landscape in California, highlighting the state’s complex history with mining and environmental concerns. He explains that while California has been less popular for mining in recent years due to environmental regulations and water scarcity, there are still areas like San Bernardino County where mining operations are active. Andrew then describes Apollo’s project, situated primarily on private land designated for mining, emphasizing its favorable location and historical significance. He also mentions the project’s geological advantages, including a 1:1 strip ratio and a straightforward geological formation.

    Calico Project
    Andrew discusses the Calico project, which consists of three deposits: two silver (Waterloo and Langtry) and an historical gold deposit, The Burcham Mine. The project contains approximately 160 million ounces of silver and 70,000 ounces of gold. Andrew also mentions the presence of barite, a critical mineral, which could be valuable for negotiations with the government. For the upcoming year, the company plans to announce a compliant barite resource, conduct a drill program to determine the size of the gold resource, and perform an economic study on the silver resource.

    Cinco De Mayo Mining Project
    Andrew discusses their large mining project called Cinco de Mayo, located northwest of Chihuahua City in North Mexico. He explains that the project, potentially the largest CRD (Carbonate Replacement Deposit) in North America, lost its social license in 2012 when local surface owners banned mining. Andrew’s company, Apollo, has been given a five-year option to resolve community issues and resume drilling. He draws parallels to his previous success with Prime Mining in Sinaloa, Mexico, where he restored community support and unlocked significant value. Andrew believes his team’s local connections and experience will help them resolve the social license issues at Cinco de Mayo, potentially turning it into a highly valuable project.

    Mining in Northern Mexico’s Economy
    Andrew shares the importance of mining in Northern Mexico’s economy and the recent changes in government policy. He explains that the previous government tried to restrict mining, but the new Sheinbaum government is now opening up the sector for foreign investment. Andrew emphasizes the positive impact of mineral exploration and mine development on local communities in Mexico. He mentions that officials from Chihuahua’s Ministry of Mines visited their office, expressing excitement about the potential reopening of the Cinco de Mayo project, which could bring significant economic benefits to the area.

    Mining Industry Success
    Andrew talks about the key elements for success in the mining industry, emphasizing the importance of good assets, a strong management team, and a solid shareholder base with a good capital structure. He stresses the value of teamwork and hiring smart, hardworking individuals. Andrew explains his role in raising money and promotion, while also highlighting his hands-on experience and personal financial commitment to Apollo. He says he believes that demonstrating leadership through personal investment attracts good supporters, which in turn brings more supporters and provides the patience needed for long-term projects.

    About Apollo Silver Corp.

    Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.

    Please visit www.apollosilver.com for further information.

    Apollo on X @corp_apollo

    May 2025 Presentation

    Hear other episodes of the Exploring Mining Podcast , rated as one of the top 30 mining podcasts to listen to in 2025,

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    Disclaimer/Disclosure: This podcast and article featuring Apollo Silver are paid for content at Investorideas.com, part of a monthly marketing mining stock showcase (payment disclosure). Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

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