Uranium stocks Articles

Fission 3.0 seeks more shallow, high grade mineralization

Dec. 12, 2018, 2:21 PM / Canadian Mining Journal Staff

SASKATCHEWAN - Fission 3.0 Corp. of Kelowna, B.C., is preparing for its winter drilling program at four high priority targets - Wales Lake (two holes), Patterson Lake North (five holes), Key Lake (nine holes) and Cree Bay (two holes). About 4,400 metres of drilling is planned.Fission 3 recently completed an $8-million financing with which to fund the work.The Wales Lake occurrence is similar to Fi...Read More

Uranium price: best performer of 2018 set for more gains

Dec. 11, 2018, 2:38 PM / Frik Els

The rally in uranium prices, which began in April this year amid production cutbacks in Kazakhstan and Canada, is set to continue as inventories of the nuclear material decline for the first time in nearly a decade.Production at Kazakhstan state-owned uranium miner Kazatomprom, responsible for more than a quarter of global output, was 19,600 tonnes during the first eleven months of 2018, a 7% decl...Read More

West McArthur JV sets aside $2.4m for 2019 drilling, geophysics

Dec. 11, 2018, 2:07 PM / Canadian Mining Journal Staff

SASKATCHEWAN - Vancouver's CanAlaska Uranium and Saskatoon's Cameco Corp. have formed the West McArthur joint venture and agreed on a $2.4-million exploration budget for 2019. CanAlaska will be the operator and 70% owner.Next year's work will focus on extending the footprint of the three discovery holes in 2017 and 2018. They define a halo of uranium mineralization in the sandstone. The halo measu...Read More

URANIUM: West McArthur JV sets aside $2.4M for 2019 drilling, geophysics

December 11, 2018 / Canadian Mining Journal

Drilling at the West McArthur uranium property. (Image: CanAlaska Uranium)SASKATCHEWAN - Vancouver's CanAlaska Uranium and Saskatoon's Cameco Corp. have formed the West McArthur joint venture and agreed on a $2.4-million exploration budget for 2019. CanAlaska will be the operator and 70% owner.Next year's work will focus on extending the footprint of the three discovery holes in 2017 and 2018. The...Read More

URANIUM: Hook Lake JV to spend $3M for 2019 exploration

December 11, 2018 / Canadian Mining Journal

Locations of 2019 drill sections in the Derkson Corridor at Hook Lake. (Image: Purepoint Uranium)SASKATCHEWAN - The partners in the Hook Lake uranium joint venture have approved a 2019 exploration budget of $3 million. Situated within the Patterson Uranium District, Hook Lake is owned jointly by Cameco Corp. (39.5%), Orano Canada (39.5%) and Purepoint Uranium Group (operator and holder of a 21% in...Read More

URANIUM: Fission 3.0 seeks more shallow, high grade mineralization

December 11, 2018 / Canadian Mining Journal

SASKATCHEWAN - Fission 3.0 Corp. of Kelowna, B.C., is preparing for its winter drilling program at four high priority targets - Wales Lake (two holes), Patterson Lake North (five holes), Key Lake (nine holes) and Cree Bay (two holes). About 4,400 metres of drilling is planned.Fission 3 recently completed an $8-million financing with which to fund the work.The Wales Lake occurrence is similar to Fi...Read More

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