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
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
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 (Internatio...Read More
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
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
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 $...Read More
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
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 expe...Read More
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
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...Read More
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
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 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
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
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
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...Read More
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
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
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
(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