MADRID – Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday.The project, which would become the European Union's only open-cast uranium mine if given the go-ahead, has faced local opposition since it was proposed...Read More
Last week, 2.4 million pounds of uranium changed hands according to industry consultant TradeTech.At $26.70/lb, the uranium spot price reached a 2-year high and at that price, it meant roughly $64 million dollars changed hands over uranium.All of this comes after the price appeared to have bottomed out after dropping to $18.00/lb in November 2016 and having seen a steady rise since, including gain...Read More
Energy Fuels Inc (TSE:EFR) (NYSE:UUUU) continues to improve its balance sheet and has now paid off its Wyoming debt.The uranium group has repaid and retired the entire outstanding principal of its Wyoming industrial development revenue bond amounting to US$8.3mln, it told investors.WATCH: Energy Fuels boosts working capital posit ion in second quarter"We believe reducing debt and avoiding future i...Read More
Weekly Reports |Sep 11 2018Solid uranium spot market volume last week saw the spot price rise to a two-year high.-Solid volumes support prices-MIT weighs into nuclear debate-Section 232 inefficientBy Greg PeelLast week saw uranium market participants attending the annual World Nuclear Association Symposium in London. Aside from the usual crowd representing producers, utilities and intermediaries...Read More
Demand for a new generation of electric vehicles is breathing life into an Alpine mine that was originally excavated to feed an Austrian nuclear industry that never materialized.The developer of the site in Wolfsberg, European Lithium Ltd., is planning to move its primary stock listing to Austria from Australia in anticipation of transforming the site into the continent's biggest producer of the l...Read More
The Nuclear Regulatory Commission (NRC) has rightly reopened an investigation into whether radioactive material that seeped into the soil beneath a Westinghouse fuel rod plant southeast of Columbia presents an environmental hazard.The spilled uranium has the potential to seep into groundwater and contaminate ponds, creeks and possibly the Congaree River, which is about 3 miles away from the plant....Read More
Adequate financing is crucial for companies, especially for those working in such a capital-intensive industry as mining. Very few companies working in the Mining & Metals sector, even those with producing assets, can finance their operating, capital, exploration, development, and other expenses with cash-flow generated by commodity sales and other revenue-generating activities.A majority of minin...Read More
Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity.Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity of early-stage projects to raise the nec...Read More
CENTENNIAL, Colo., September 6, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, is pleased to announce that it has successfully produced more than 4 kilograms of its Purified Micronized Graphite ("PMG"). This Made-in-the-USA product is used as a conductivity enhancement material for rechargeable lithium ion batteries, non-r...Read More
Wheeler River might be the next uranium producer in Saskatchewan. (Image: Denison Mines)SASKATCHEWAN - Denison Mines Corp. has struck a deal to acquire the 24% interest in the Wheeler River uranium project currently held by Cameco Corp. Denison will issue approximately 24.6 million shares at a deemed price of $0.65 per share, making the transaction worth about $16 million.The arrangement will give...Read More
By Clyde Russell.One of the surprise packets in the commodity space this year has been uranium, with the spot price surging 30 percent in the past four months, a stellar performance that may not be justified by current fundamentals.Uranium stood at $26 per pound on Aug. 31, up from the low so far this year of $20, hit in mid-April. The year-to-date gain is 16.6 percent, and the metal used to power...Read More
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (August 31, 2018) - Mega Uranium Ltd. (MGA: TSX) is pleased to announce the closing today of its previously announced non-brokered private placement (the "Financing"), pursuant to which the company raised aggregate gross proceeds of $1,500,000 from the issuance and sale of 13,636,364 un...Read More
Maxtech Ventures (CSE: MVT) is staying its course when it comes to growing within the battery metals sector particularly the vanadium subsector, as the silvery-grey element has seen spiking numbers in the past three years with prices rising by 300 per cent since 2017.Besides developing vanadium and manganese projects in Brazil and Zambia, the Vancouver-based company decided that it is now time to...Read More
World's No.1 mining company BHP (ASX, NYSE:BHP) (LON:BLT) revealed Tuesday that ore processing at its Olympic Dam copper, gold and uranium mine in South Australia is being affected by an ongoing technical issue.Copper production at Olympic Dam is set to reach around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.Releasing annual results, the company - which spent...Read More
The world's biggest miner, BHP, said on Tuesday its full-year profit jumped 33 percent, helped mainly by robust oil and base metals prices.Underlying profit for the full year ended June 30 rose to $8.93 billion from $6.73 billion a year earlier. That missed an estimate of $9.27 billion according to 15 analysts polled by Thomson Reuters I/B/E/S.Underlying profit is watched by analysts and investors...Read More
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...Read More
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 onc...Read More
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").Eac...Read More
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
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