Uranium stocks Articles

Mega Uranium ltd. Increases Private Placement

Aug 17, 2018 / Staff reporter

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (August 17, 2018) - Mega Uranium Ltd. (MGA: TSX) ("Mega") is pleased to announce that it has increased the size of its previously announced non-brokered private placement financing to up to 13,636,364 units (the "Units"), at a price of $0.11 per Unit, for aggregate gross proceeds of u...Read More

US to allow mining on land removed from monuments

Aug. 16, 2018, 3:45 AM / Cecilia Jamasmie

The US administration is not waiting to hear the results of ongoing legal challenges to President Donald Trump's order to scale back two nationals monuments, as it's moving forward with plans to allow mining and oil extraction in the newly-opened areas.Land that once belonged to the Bears Ears and Grand Staircase-Escalante national monuments, both of them in Utah, will likely be up for grabs once...Read More

Mega Uranium Ltd. Proposes Private Placement

Aug 16, 2018 / Staff reporter

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (August 16, 2018) - Mega Uranium Ltd. (MGA: TSX) ("Mega") announces today that it is proposing to complete a non-brokered private placement to sell up to 6,818,182 units (the " Units") at a price of $0.11 per Unit, for aggregate gross proceeds of up to $750,000 (the "Financing").Each...Read More

IAEA launches easy to use digital map of world's uranium distribution

Aug. 13, 2018, 9:33 AM / International Atomic Energy Agency

The International Atomic Energy Agency (IAEA) has launched a comprehensive, online interactive and integrated digital map of the world's uranium distribution and deposits. This second edition of World Distribution of Uranium Deposits was developed with contributions from the Saskatchewan Geological Survey, the Geological Survey of South Australia and the United States Geological Survey.This editio...Read More

Peru president expects lithium, uranium mining laws passed in 6 months

Aug. 10, 2018, 11:41 AM / Reuters

PUCALLPA, Peru, Aug 10 (Reuters) - Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine.Plateau said last month it had found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uraniu...Read More

Westwater Resources Reports Second Quarter 2018 Operating Results

Aug 9, 2018 / Staff reporter

CENTENNIAL, Colo., August 9, 2018 - Westwater Resources, Inc. ("WWR" or "the Company") (Nasdaq: WWR), an energy materials development company, today announced its results for the second quarter of fiscal year 2018, along with a business outlook and new developments in its energy materials business.Christopher M. Jones, President and Chief Executive Officer, said, "Our continued work to diversify o...Read More

Aug 7 Uranium week: term markets on the move

Aug 07 2018 / Greg Peel

Weekly Reports |Aug 07 2018It appears a long-awaited up-tick in utility demand for term delivery contracts may be finally coming to pass in the uranium market.-Spot price up 27% year on year-Notable jump in term market demand-Paladin reaches for SummitBy Greg PeelTwo weeks ago the uranium spot price jumped on the news the US Department of Commerce would indeed investigate the US uranium production...Read More

Westwater Resources Announces Conference Call for Q2 2018 Results &Energy Minerals Business Update

Aug 2, 2018 / Staff reporter

Centennial, CO - August 2, 2018 -Westwater Resources, Inc. (NASDAQ: WWR) will hold a conference call to discuss its second quarter 2018 financial results and recent developments on Thursday, August 9, 2018 at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time).Dial-in Numbers: +1 (800) 319-4610 (U.S. and Canada) +1 (604) 638-5340 (International)Conference ID:...Read More

Prof gets 3/4 million dollars to find new ways to process uranium

Aug. 1, 2018, 4:30 PM / Valentina Ruiz Leotaud

A researcher at the University of Kansas was awarded $750,000 by the U.S. Department of Energy so that he and his team can examine several previously unexplored ways to process uranium using cheaper and safer methods than those currently employed.James Blakemore, assistant professor in the Department of Chemistry, wants to delve deeply into a study of the fundamental factors that limit how atoms m...Read More

Killed Russian journalists said to have been working on story involving mining in CAR

Aug. 1, 2018, 7:48 AM / Cecilia Jamasmie

Three Russian reporters murdered Monday in an ambush while working in the Central African Republic (CAR), were said to have been investigating the activities of a mercenary group linked to an ally of President Vladimir Putin, an exiled oil tycoon who funded their trip says.They were looking into Russian private mercenaries as well as on Russia's interests in the local diamond, gold and uranium sec...Read More

Rio Tinto down despite $7.2bn cash return to investors

Aug. 1, 2018, 3:46 AM / Cecilia Jamasmie

Shares in Rio Tinto (ASX, LON, NYSE:RIO) fell about 3% in both London and New York on Wednesday despite the world's No.2 mining company announcing it would return more than $7 billion through dividends and share buybacks.In London, Rio was down 3.21% to 4,062p by 2:00 p.m local time, while shares traded in New York dropped 3.5% in premarket, after the company said first-half profit grew 12% to $4....Read More

Jul 31 Uranium Week: price jump

Jul 31 2018 / Greg Peel

Weekly Reports |Jul 31 2018The spot uranium price saw its biggest weekly rise year to date last week but given the reasons behind it, can it be sustained?By Greg PeelThere is something rather Heller-esque about a 5% jump in the share price of Canadian uranium producer Cameco last week.In delivering its June quarter results release Cameco announced that the previously temporary suspension of operat...Read More

Caterpillar says tariffs will wipe out up to $200M

Jul. 30, 2018, 3:22 AM / Cecilia Jamasmie

Shares in Caterpillar (NYSE:CAT), the world's no.1 heavy machinery maker, retreated 2% despite posting record second quarter earnings per share Monday, while also bumping up its full-year profit forecast.The Deerfield, Illinois-based company reported an adjusted profit of $2.97 a share in the three months to June 30, compared with $1.49 a share last year. For the whole year, Caterpillar now expect...Read More

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