Uranium stocks Articles

Bannerman Resources well-funded to advance its project amid uranium price rise

Jul 27, 2018 / Tharun George

Bannerman Resources Limited (ASX:BMN) has reported a strong June quarter during which the company completed an $8 million heavily oversubscribed capital raising.Bannerman is now well funded to continue the definitive feasibility study (DFS) update on its Etango Project in Namibia. Bannerman chief executive officer Brandon Munro said: "The success of our $8 million capital raising demonstrates...Read More

Cameco lays off 700 staff

Jul. 26, 2018, 9:07 AM / Michael Allan McCrae

Due to the weak uranium market Cameco says it will suspend operations at McArthur River and Key Lake and permanently lay off 550 site employees and 150 corporate staff said the company in its 2Q.The news bumped Cameco's stock (CCO.TO) five per cent on Thursday sending it to $14.97 a share.Cameco reported net losses of $76 million and adjusted net losses of $28 million in its 2Q filed yesterday.A r...Read More

URANIUM: Cameco suspends McArthur River, Key Lake indefinitely

July 26, 2018 / Canadian Mining Journal

Work is suspended indefinitely at the McArthur River uranium mine in Saskatchewan. (Image: Cameco Corp.)SASKATCHEWAN - Hit by falling uranium prices and large quarterly losses, Cameco Corp. says the suspension of mining at McArthur River and mineral processing at Key Lake will continue for the foreseeable future. Mining and milling were originally suspended last January in a move that was seen as...Read More

Canada scaring mining investors with long, unclear permit processes

Jul. 24, 2018, 1:58 AM / Cecilia Jamasmie

Mining investors are losing confidence in the mineral exploration permit process in most Canadian provinces with applications taking longer to be approved and a lack of transparency, a new study released Tuesday shows.According to the Fraser Institute, an independent, non-partisan Canadian policy think-tank, British Columbia, Ontario and Quebec are the three main provinces where exploration reques...Read More

High temperature reactors for energy neutral mineral extraction

Jul 24, 2018 / World Nuclear News

High temperature gas cooled reactors have the potential to make the recovery of uranium from unconventional ores energy neutral, a four-year multinational International Atomic Energy Agency (IAEA) research project has found.The HTR-PM, under construction in China (Image: CNI23)As global demand for mineral commodities including phosphates, copper and rare earth elements increases, easily extractabl...Read More

US Dept. of Commerce launches investigation of uranium imports

July 24, 2018 / Canadian Mining Journal

If the U.S. Trump administration extends its trade war to uranium it would be bullish for equities with U.S.-based assets, Haywood Securities commented in a uranium sector update.U.S. Commerce Secretary Wilbur Ross's announcement yesterday that he is starting an investigation into whether Washington should impose quotas to restrict uranium imports for reasons of national security drove up the shar...Read More

Ukrainian nuclear reactor now using all non-Russian fuel for the first time

Jul 20, 2018 / Staff reporter

SOUTH UKRAINE NUCLEAR POWER PLANT,UKRAINE - Ukrainian authorities said on Thursday that the first unit of a nuclear power plant was fully loaded with fuel from Westinghouse Electric Co. as Kiev seeks to break its dependence on Russian energy supplies.Ukraine’s nuclear energy monopoly, Energoatom, said that a third unit of the South Ukraine Nuclear Power Plant near the town of Yuzhnoukrainsk...Read More

Miners wrote off almost one-third of investments over last decade

Jul. 19, 2018, 3:43 AM / Cecilia Jamasmie

While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top 4...Read More

IAEA launches Nuclear Science Education programme in Asia Pacific

Jul 19, 2018 / Staff reporter

Last month, an IAEA initiative aimed at secondary school science teachers took off in Indonesia. The aim? To equip teachers to inspire a new generation of nuclear scientists and engineers by engaging students and enhancing their understanding of nuclear science and technology. This is the first time that the IAEA formally engages with the secondary education teaching community.A course for 26 educ...Read More

US government to investigate uranium imports

Jul 19, 2018 / World Nuclear News

At the request of two domestic uranium producers, the US Department of Commerce (DOC) has launched an investigation into whether "the present quantity and circumstances" of uranium imports threatens national security. However, the US nuclear energy industry has warned that a suggested quota on imports would have a significant financial impact on the country's reactor operators.The department said...Read More

SNC-Lavalin, Holtec create decommissioning JV

Jul 19, 2018 / World Nuclear News

SNC-Lavalin and Holtec International group have formed a USA-based joint venture company to work on the accelerated decommissioning of retired nuclear power plants. The new company, Comprehensive Decommissioning International (CDI), is headquartered in Camden, New Jersey.In separate statements yesterday, they said CDI is equipped to cut the total time elapsed to release plant sites for unrestricte...Read More

Trade war spills into uranium as U.S. weighs import tariffs

Jul. 18, 2018, 11:03 AM / Reuters

(Bloomberg) - The Trump administration began an investigation into whether uranium imports threaten national security, a move that may lead to tariffs on the nuclear power plant fuel.The Commerce Department said Wednesday it will probe "whether the present quantity and circumstances of uranium ore and product imports into the U.S. threaten to impair the national security." The probe will cover the...Read More

BHP posts record annual iron ore output, beats Q4 forecasts

Jul. 18, 2018, 5:38 AM / Reuters

Global miner BHP Billiton Ltd posted record iron ore output for fiscal 2018 on Wednesday as fourth-quarter production topped expectations and set a slightly higher target for the current year.Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity."BHP's FY18 production was in line with or slightly better than our expectations in all m...Read More

Peru unit of Plateau Energy finds one of 'world's largest' lithium resource

Jul. 18, 2018, 3:14 AM / Cecilia Jamasmie

Macusani Yellowcake, the Peruvian subsidiary of Canada's Plateau Energy Metals (TSX-V: PLU) has found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources at its Falchani hard rock deposit, in the region Puno.Ulises Solis, general manager of the unit, told local paper El Comercio (in Spanish) the find suggested the project could end up becoming one of the...Read More

IAEA praises Niger's progress on nuclear programme

Jul 18, 2018 / World Nuclear News

Niger has a strong commitment to developing the infrastructure for a nuclear power programme, an International Atomic Energy Agency (IAEA) mission team has concluded in its final report. The report from the mission - conducted in April - was submitted to the Nigerien government on 16 July.IAEA Deputy Director General Chudakov (left) presented the final INIR mission report to Nigerien Energy Minist...Read More

Rovno unit 3 gets 20-year licence extension

Jul 18, 2018 / World Nuclear News

The State Nuclear Regulatory Inspectorate of Ukraine (SNRC) has approved the extension by 20 years of the operating licence for unit 3 of the Rovno nuclear power plant. The approval, which was granted by SNRC's board on 16 July, means the unit can operate until 11 December 2037. The regulator approved 20-year licence extensions of Rovno 1 and 2 in December 2010.The four-unit Rovno plant (Image: En...Read More

Investment in new nuclear declines to five-year low

Jul 17, 2018 / World Nuclear News

Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.Total global energy investment totalled USD1.8 trillion last year, a 2% de...Read More

Westwater Resources Applauds U.S. Government's Actions on Materials Imports from China

Jul 17, 2018 / Staff reporter

Levels Playing Field for American Developers and Producers Promotes Environmentally Sustainable Domestic MiningCENTENNIAL, Colo., July 17, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, released the following statement from Christopher M. Jones, President and Chief Executive Officer of Westwater:"United States Trade Represen...Read More

Jul 17 Uranium week: Japan moves forward

Jul 17 2018 / Greg Peel

Weekly Reports |Jul 17 2018Japanese government approval of a 2030 energy mic target implies acceleration of reactor restarts and/or new reactor builds.-Uranium spot price ticks higher-Utility demand remains muted-Japan sets 2030 nuclear energy goalBy Greg PeelThe uranium market was back in business last week following what was effectively a holiday week with the US Independence Day break in the mi...Read More

Construction starts on second Bangladeshi reactor

Jul 16, 2018 / World Nuclear News

First concrete for the foundation of unit 2 of the Rooppur nuclear power plant in Bangladesh was poured during a ceremony on 14 July. A construction licence for the Russian-supplied reactor was issued by the Bangladesh Atomic Energy Regulatory Authority on 8 July.Concreting of the basemat of Rooppur unit 2 gets under way (Image: Rosatom)The first concrete pouring ceremony was attended by Banglades...Read More