Uranium stocks Articles

Losing licence to operate new and biggest threat to miners - EY

Dec. 6, 2018, 9:54 AM / Cecilia Jamasmie

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More

Vancouver miner buys cobalt-vanadium-uranium project in Saskatchewan

Dec. 5, 2018, 6:27 AM / MINING.com Staff

Based on a 2012 exploration program that identified high-grade cobalt and vanadium at the Duddridge Lake project in Saskatchewan, Searchlight Resources (TSX-V: SRCH) decided to acquire the property located some 75 kilometers northwest of the town of La Ronge."With the increasing interest in battery technology utilizing both vanadium and cobalt, the Duddridge project represents an excellent project...Read More

Dec 3 Uranium week: volumes surge

Dec 04 2018 / Greg Peel

Weekly Reports |Dec 04 2018Uranium spot market volumes in 2018 are almost 40% above record 2015 volumes with another month to run.-2018 volumes surge-Unfamiliar players in the market-Spot price continues to riseBy Greg PeelBy the end of November, over 62mlbs U3O8 equivalent had changed hands in the uranium spot market. That's almost 40% above the record annual volume set in 2015, industry consulta...Read More

Mega Uranium Ltd. Proposes Private Placement

Dec3, 2018 / Staff reporter

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (December 3, 2018) - Mega Uranium Ltd. (MGA: TSX) ("Mega") announces today that it is proposing to complete a non-brokered private placement to sell up to 15,909,091 units (the "Units") at a price of $0.11 per Unit, for aggregate gross proceeds of up to $1,750,000 (the "Financing").Eac...Read More

Canada's Nova Scotia miners call for better control of radon exposure

Nov. 30, 2018, 6:00 AM / Cecilia Jamasmie

The body representing the mining industry in Canada's Nova Scotia province is calling on governments and companies to do a better job of managing project developments, so exposure to radon and uranium can be reduced.Radon is a naturally-occurring gas produced by radioactive decay of uranium, and it is found in measurable quantities in all rocks and soils in Nova Scotia.Radon is a naturally-occurri...Read More

Congo plans to audit Glencore unit's cobalt over uranium levels

Nov. 29, 2018, 9:37 AM / Reuters

KINSHASA, Nov 29 (Reuters) - The authorities in Democratic Republic of Congo will audit the supply chain for Glencore's Kamoto project next week to determine where small amounts of uranium detected in its cobalt come from, the mines minister said on Thursday.Glencore subsidiary Katanga Mining said on Nov. 6 it had halted cobalt exports from Kamoto in southeastern Congo while it builds a facility t...Read More

Nov 27 Uranium week: cold war

Nov 27 2018 / Greg Peel

Weekly Reports |Nov 27 2018Longview Economics provides technical, fundamental and military reasons to be bullish uranium.-History suggest price retracement-China drives nuclear power demand-US-China tensions drive nuclear arsenal build-upBy Greg PeelFrom 2001 to 2007 the spot uranium price rallied 175% from US$7/lb to US$136-138/lb to mark one of the biggest asset price bubbles in recent history,...Read More

Saudi Arabia targets $64B in mining revenue by 2030

Nov. 26, 2018, 9:06 AM / Reuters

CAIRO - Saudi Arabia aims to raise the kingdom's mining revenues to $64 billion from $17 billion by 2030, Energy Minister Khalid al-Falih said on Monday.Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from hydrocarbons.Studies indicate that the level of the likely geological reserves in the kingdom exc...Read More

Rio Tinto sells stake in Rossing uranium mine to China

Nov. 26, 2018, 3:20 AM / Cecilia Jamasmie

Mining giant Rio Tinto, (ASX, LON:RIO) has agreed to sell its controlling stake in Rssing Uranium in Namibia to a state-backed Chinese company, in a deal that could bring up to $106.5 million to the world's second largest miner's coffers.The Anglo-Australian miner will initially receive $6.5 million for its almost 69% stake in Rssing Uranium Limited, which owns the namesake mine, from China Nation...Read More

Mega Uranium Ltd. Grants Langer Heinrich Royalty Option

Nov 23, 2018 / Staff reporter

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (November 23, 2018) - Mega Uranium Ltd. (MGA: TSX) announces that it has granted an option (the "Option") to purchase its royalty on the Langer Heinrich uranium project in Namibia (the "Royalty") to Uranium Royalty Corporation ("URC"). URC issued common shares to Mega in payment of the...Read More

Saudi Arabia says new mining project to increase non-oil GDP by 3%

Nov. 22, 2018, 11:26 AM / Reuters

Saudi Arabia's King Salman on Thursday inaugurated the Waad Al-Shamaal mining project, which is expected to boost the kingdom's gross domestic product by 24 billion riyals ($6.4 billion) and its non-oil GDP by around 3 percent.The kingdom will invest 85 billion riyals in the project, a 440-square-km (150-square-mile) city for mining industries in the northern region, the Ministry of Energy, Indust...Read More

URANIUM: NexGen moves Arrow closer to development

November 22, 2018 / Canadian Mining Journal

Core shacks at NexGen's Rook I project in the Athabasca Basin. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy now has results from latest batch of 29 holes it drilled at the Rook I uranium property in the Athabasca Basin. The program set out to characterize areas within the Arrow deposit's footwall, lateral development, potential underground infrastructure locations. The inform...Read More

Bannerman strengthens Etango development as uranium price set to recover

Nov 21, 2018 / Berkay Erkan

Bannerman Resources Ltd (ASX:BMN) is progressing the updated definitive feasibility study (DFS) for its Etango Uranium Project in Namibia.The company is confident of a recovery in the uranium price due to supply and production cuts across the world's biggest yellowcake producers.Several optimisation opportunities at Etango have been prioritised and studies are assessing the potential of optimisati...Read More

Peninsula Energy director shows faith in uranium strategy thru on-market purchase

Nov 20, 2018 / John Miller

Peninsula Energy Ltd (ASX:PEN) director Mark Wheatley has demonstrated his confidence in the company's uranium strategy by acquiring shares on-market.The non-executive director has this week purchased 47,496 shares with a total value of more than $10,000.This purchase takes his overall holding in the uranium producer to 103,852 shares.READ: Peninsula Energy's managing director adds to shareho...Read More

Congo lifts export ban on Glencore's copper and cobalt unit

Nov. 16, 2018, 1:51 PM / Bloomberg News

A Glencore Plc unit in the Democratic Republic of Congo had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country."They submitted a request," Jean Baptiste Nkongolo Kabila, director general of Congo's custom's agency, said Thursday by phone. "I have taken the decision to temporarily lift the suspension measures." Glencore said in a statement it had...Read More

Section 232 comments oppose domestic uranium quota

Nov. 15, 2018, 11:21 AM / The Ad Hoc Utilities Group

WASHINGTON - November 13, 2018 - A review of comments filed in the U.S. Department of Commerce (DOC) Section 232 investigation into uranium imports reveals virtually no support for a 25 percent quota on domestic uranium beyond those with a vested interest in the petitioners' and their allies' growth, according to the Ad Hoc Utilities Group (AHUG).The petitioner comments reveal that they seek, und...Read More

Azarga Uranium almost doubles resource at Dewey Burdock

Nov. 14, 2018, 2:41 PM / Northern Miner Staff

Azarga Uranium (TSX: AZZ; US-OTC: PWURF) has increased the in-situ recovery measured and indicated resource at its Dewey Burdock uranium project in South Dakota.The project now contains 6.8 million measured and indicated tonnes grading 0.113% uranium for 16.93 million lb. uranium, a 97% increase over the previous resource. The measured resource alone increased 234%, from 4.12 million lb. uranium t...Read More

Bannerman confident of 2019 uranium bull market amid spot price volatility

Nov 14, 2018 / Berkay Erkan

Speaking at the Technology and Low Emission Minerals Conference in Perth, Bannerman chief executive officer Brandon Munro presented his company's strategy to take advantage of the early stages of a uranium bull market.He outlined the key factors investors need to look for to catch easy asymmetrical value at the beginning of a boom, noting the importance of a project's strategic appeal to sovereign...Read More

Caterpillar steps up game to keep leadership in North America

Nov. 13, 2018, 6:00 AM / Cecilia Jamasmie

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in the North American mar...Read More

Nov 13 Uranium week: The chase is on

Nov 13 2018 / Greg Peel

Weekly Reports |Nov 13 2018As interest from financial investors and ongoing producer purchases continue to push up the uranium spot price, utilities are now in a hurry to top up supplies before year end.-UTC launches IPO-Purchases for year-end increasing-Utilities back in the gameBy Greg PeelAs producer purchases of uranium continue to underpin spot prices, with Cameco now having specifically disc...Read More