Uranium stocks Articles

Western Uranium & Vanadium to re-open the Sunday Mine Complex

Oct. 25, 2018, 7:27 AM / MINING.com Staff

Western Uranium & Vanadium Corp. (CSE: WUC) announced plans to re-open the Sunday Mine Complex, located in western San Miguel County, Colorado.The complex extends for 3,748 hectares and consists of five individual mines currently in temporary cessation. These are the Sunday mine, the Carnation mine, the Saint Jude mine, the West Sunday mine and the Topaz mine. Last time they were mined was between...Read More

Shikoku Electric restarts Ikata nuclear reactor following failed court challenges

Oct 25, 2018 / Staff reporter

MATSUYAMA, EHIME PREF. - Shikoku Electric Power Co. on Saturday restarted a reactor at its Ikata nuclear power plant after a suspension of nearly one year due to a high court order.The restart of the No. 3 unit at the plant in the town of Ikata, Ehime Prefecture, announced by the power company overnight Friday, came after a high court accepted an appeal by the utility in a late September ruling th...Read More

Caterpillar plummets after flagging tariffs-triggered high material costs

Oct. 23, 2018, 6:42 AM / Cecilia Jamasmie

Shares in Caterpillar (NYSE: CAT), the world's no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.The stock lost as much as $9.76 by 8:48 a.m. EST, dropping to $118.95, after closing at $128.71 on Monday, the lowest so far this year. The drop followed the mining and construction equipment manufactu...Read More

Oct 23 Uranium week: market uncertain but prices still rising

Oct 23 2018 / Greg Peel

Weekly Reports |Oct 23 2018The uranium spot priced ticked up again last week as Section 232 uncertainty lingers.-232 submissions roll in-Canada bites back-Kazatomprom IPO to proceedBy Greg PeelThe US Department of Commerce Section 232 investigation into US uranium imports from state-sponsored producers remains ongoing, with more than 900 comments now having been received for review. The investigat...Read More

US EPA withdraws proposed Obama-era rule change for uranium mining

Oct. 19, 2018, 1:33 PM / Reuters

WASHINGTON, Oct 19 (Reuters) - The U.S. Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners.On Jan. 19, 2017 - a day before Donald Trump took office as president - the EPA had proposed standards to regulate by-product materials produced by urani...Read More

Spanish environmentalists demand mine closures

Oct. 18, 2018, 5:00 AM / Valentina Ruiz Leotaud

Activist group Ecologists in Action and other organizations visited the European Parliament in Brussels and demanded the closure of all active mines in Spain.Backed by left-wing MP Xabier Benito, the environmentalists organized a conference titled "Mining in Europe: the new extractive challenge." At the forum, they said that mining activities, which in their view have been experiencing a boom in S...Read More

Peninsula Energy achieves qrtly increase in uranium prodn. at Lance projects

Oct 18, 2018 / Tharun George

Peninsula Energy Ltd (ASX:PEN) has achieved an 8% increase in production from its Lance Projects in Wyoming, US during the quarter ended September 30 2018, compared to the previous quarter.The increase in production is partly the result of the completion of a dried pounds reconciliation by the toll milling contractor for the period April 2018 to September 2018, as is standard industry practice dur...Read More

BHP says it has seen no material impact from trade tensions

Oct. 17, 2018, 10:20 AM / Reuters

Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday."We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the n...Read More

The dirt on clean electric cars is just under the hood

Oct. 16, 2018, 1:39 PM / Bloomberg News

Beneath the hoods of millions of the clean electric cars rolling onto the world's roads in the next few years will be a dirty battery.Every major carmaker has plans for electric vehicles to cut greenhouse gas emissions, yet their manufacturers are, by and large, making lithium-ion batteries in places with some of the most polluting grids in the world.By 2021, capacity will exist to build batteries...Read More

Mineral industry needs to change its exploration and financing model if dearth of green fields discoveries to be overcome

Oct. 15, 2018, 11:25 AM / Australian Geoscience Council Convention

Australia's chronic shortage of Greenfields mineral discoveries can only be overcome by changing the sector's exploration, financing and training models, according to a keynote speaker at a major international geoscience forum in Adelaide today.Dr Hronsky urged the sector and geoscientists to "front-end load" the area selection process to target new search spaces and to better understand and explo...Read More

Top uranium producer Kazatomprom may sell 25% stake in London/Astana float

Oct. 15, 2018, 9:28 AM / Reuters

Oct 15 (Reuters) - Kazatomprom, the world's biggest uranium producer, said it will float up to a 25 percent stake in its planned initial public offering in London and Kazakhstan, as it looks to cash in on robust demand for the rare metal.Kazatomprom accounts for 20 percent of the world's uranium production and seven years on from Japan's Fukushima nuclear disaster, the beaten down uranium sector i...Read More

Core Exploration boosts Napperby uranium deposit

Oct 12, 2018 / Tharun George

Core Exploration Ltd (ASX:CXO) has upgraded the JORC resource estimate for its 100% owned Napperby Uranium Deposit in the Northern Territory.The new estimate of 9.54 million tonnes at 382 ppm U3O8 for 8.03 million pounds of U3O8 is an increase in both grade and contained U3O8.Notably, the Napperby deposit also includes significant vanadium mineralisation of 9.54 million tonnes at 236 ppm vanadium...Read More

Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3

October 11, 2018 / Canadian Mining Journal

Analysts at Raymond James are lowering their forecasts for zinc and copper prices.For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from US$1.40 per lb., and for 2019 they have trimmed their target price from US$1.30 per lb. to US$1.20 per lb. In 2020 they forecast a zinc price of US$1.10 per lb., down from their previous estimate of US$1.20 per lb.For...Read More

Yellow Cake offers investors direct exp. to phy. uranium, & all its asso. upside

Oct 11, 2018 / Alastair Ford

Nearly half of uranium production doesn't make money at the prevailing spot price. That's the startling statistic highlighted by Andre Liebenberg, the chief executive of Yellow Cake PLC (LON:YCA).Yellow Cake has been set up to provide investors with a clean entry point into what has hitherto been a pretty opaque market. What really is the true price of uranium? There's the spot price, of course, b...Read More

BHP aims to restart Olympic Dam copper facility this month

Oct. 10, 2018, 2:00 AM / Reuters

BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday."The expectation remains that we'll have that back up and running this month," Mike Henry, president of operations, minerals Australia, said in an intervi...Read More

Oct 9 Uranium week: trade uncertainty

Oct 09 2018 / Greg Peel

Weekly Reports |Oct 09 2018The new agreement replacing NAFTA has swung focus onto the progress of the US government's deliberations on uranium policy.-First responses to US petition become public-New NAFTA deal unclear on uranium-Price trend remains to the upsideBy Greg PeelWhile the new trade agreement between the US, Canada and Mexico signed last week, replacing NAFTA, lifts tariffs on a number...Read More

Uranium's ugly stepsister

Oct. 2, 2018, 12:30 PM / rickmills

As a general rule, the most successful man in life is the man who has the best informationMost junior resource investors know uranium, and many got in on the action when NexGen Energy and Fission Uranium made their discoveries in the Athabasca Basin of Saskatchewan, the region with the highest grades of uranium in the world. Smart, or lucky, shareholders of NXE enjoyed a cumulative share price ris...Read More

Chinese interested in buying Rio Tinto's Namibian uranium mine

Sep. 28, 2018, 8:28 AM / Cecilia Jamasmie

Rio Tinto (ASX, LON:RIO), the world's second largest miner, has been talking to China National Nuclear Corporation (CNNC) about selling the state-owned company its stake in Namibia's Rssing uranium mine.While the mining giant has not officially acknowledged the negotiations with CNNC, Namibia's energy minister Simeon Negumbo confirmed them to local paper The Namibian.Rio has close to a 69 percent...Read More

Tax Court of Canada rules in favour of Cameco

Sep. 27, 2018, 10:42 AM / Cameco Corp.

Saskatoon, Saskatchewan, Canada, September 26, 2018Cameco (TSX: CCO; NYSE: CCJ) announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years.The Tax Court ruled that Cameco's marketing and trading structure involving foreign subsidiaries and the related t...Read More

Denison selects low-cost ISR method for Wheeler River project

Sep 26, 2018 / Mariaan Webb

Uranium company Denison Mines has selected the low-cost, in-situ recovery (ISR) mining method for the development of the high-grade Phoenix deposit at the Wheeler River project, marking the first deposit identified for ISR mining in Canada’s Athabasca basin.The company decided on ISR mining following the evaluation of 32 alternate mining methods to replace the high-cost jet bore mining syste...Read More