Russia's latest nuclear power reactor, Rostov 4, reached criticality and minimum controlled power on 29 December. It is Russia's 36th reactor in a fleet that meets about 18% of the country's electricity demand.Rosenergoatom have said Rostov's four units will "complete the energy security in southern Russia" (Image: Rosenergoatom)With the integrity and function of all operation and safety systems...Read More
DUBLIN--(BUSINESS WIRE)--The "Metal Ore Mining Market Global Briefing 2017" report has been added to Research and Markets' offering.Metal ore mining industry primarily covers mining of metallic minerals and development of mine sites. It also includes ore dressing, and other beneficiating operations such as crushing, grinding, washing, drying, sintering, concentrating, calcining, and leaching.The i...Read More
The U.S. used to be the world's number one uranium producer, and most of it came from Wyoming. But since the 1980s, production has dropped precipitously. These days, prices are too low for most U.S. uranium operations to make any money. But that may be about to change - uranium's biggest customer is the nuclear energy industry.Continue reading...Read More
Toronto, Canada (December 21, 2017) -- Mega Uranium Ltd. (TSX: MGA) announces that it has restated certain 2016 comparative financial information (the "Comparative Statements") in the company's audited consolidated financial statements for the year ended September 30, 2017, which were filed today on SEDAR under Mega's profile (www.sedar.com). The restatement relates to the accounting of Mega's e...Read More
Weekly Reports |Dec 19 2017The uranium market went quiet last week following a period of volatility, as utilities look towards 2018.- Kazatomprom cuts reverberate- Impact unknown- Market winds down for 2017By Greg Peel"Given the challenging market conditions, and in light of continued oversupply in the uranium market, we have taken the strategic decision to reduce production in order to better ali...Read More
Weekly Reports |Dec 19 2017The uranium market went quiet last week following a period of volatility, as utilities look towards 2018.- Kazatomprom cuts reverberate- Impact unknown- Market winds down for 2017By Greg Peel"Given the challenging market conditions, and in light of continued oversupply in the uranium market, we have taken the strategic decision to reduce production in order to better ali...Read More
SASKATCHEWAN - Vancouver-based NexGen Energy has reported assay results from 21 recent holes at its Arrow deposit, part of the Rook I property in the Athabasca Basin. Results for 28 holes at Arrow and 31 from South Arrow are pending.NexGen's Arrow is the largest undeveloped uranium resource in the Athabasca Basin. (Image: NexGen Energy)A3 infill drilling returned the best assay to date from the Ar...Read More
Palisade Research December 5, 2017 Category: Research Uranium stocks surged yesterday. Why? Because the top two producers of uranium have thrown the towel in. . . Kazatomprom - the world's largest producer of uranium - declared it will cut output by 20% for the next three years. This follows last year - December 2016 - when Kazatomprom declared it was cutting production by 10%. And in an eff...Read More
Palisade Research November 27, 2017 Category: Research Had you invested in Energy Fuels in 2006, you would have made 45 times your money.And if you were lucky enough to invest in Mike Beck's UraMin, you would have made 625 times your money in just two years.A $5,000 invested would have returned $3,125,000. . .In 2003, If you invested $5,000 in Paladin Energy, you would have made over $6,500,000...Read More
Every mining subsector has its unofficial leader. It's that company - usually with the largest market capitalization - that has arguably the best combination of top mineral deposits, superb operations, savvy management, high-quality workers, technical excellence, welcoming jurisdictions, a stable balance sheet and steady cash flow.And that is what's particularly distressing about the revelation in...Read More
Intergrown finchite and carnotite (yellow) with celestine (white/clear). (Image: Travis Olds, University of Nortre Dame)The U.S. Geological Survey has taken a look at parts of Texas, New Mexico and Oklahoma, and found there may be 40 million lb. of undiscovered uranium resources in the region. Geologists examined calcrete formations, which are well documented in Australia and Namibia, but this is...Read More
McArthur River is one of the world's highest grade, large uranium mines. (Image: Cameco Corporation)SASKATCHEWAN - Cameco Corp., one of the world's foremost uranium producers, says continued price weakness is forcing it to suspend operations at the McArthur River mine and Key Lake mill. The suspension will begin by the end of January 2018 and is expected to last 10 months.The workforces at McArthu...Read More
VANCOUVER - Canada's Cameco (TSX: CCO; NYSE: CCJ) is in damage control amidst the worst uranium market in over a decade. The company's underwhelming third-quarter results were plagued by a 20% year-on-year drop in spot U3O8 prices, and production delays at its Key Lake mine.Cameco reported an adjusted quarterly loss of US$50 million, or 13 ? per share, following the sale of 9.2 million lb. of u...Read More
Gryphon deposit plan map. (Image: Denison Mines)SASKATCHEWAN - Toronto-based Denison Mines, operator of the Wheeler River uranium project in the Athabasca Basin, says recent drilling has extended the new high grade unconformity-hosted mineralization up-dip and about 250 metres along strike to the northeast of the Gryphon deposit.Preliminary radiometric equivalent grades (eU3O8) from drill hole WR-...Read More
Palisade Research November 2, 2017 Category: Research Uranium Superstar Goes All-In On Impending Nickel Crunch Mike Beck is surgical when it comes to investing.Utilizing a top-down approach, he first performs detailed analysis on a given commodity.If a supply crunch is imminent, he will hunt down the cheapest projects and acquire them. He believes that prices must reflect scarcity.In early 2005,...Read More
Palisade Research October 25, 2017 Category: Research What happens when you combine 60 of the industry's brightest minds with a picturesque hotel replete with historical consequence, and fuel the whole thing with booze? A networking extravaganza of epic proportions - welcome to the Inaugural Palisade Hard Asset Conference on Jekyll Island!The Jekyll Island Club served as a perfect setting- a small...Read More
Map of South Arrow drill hole locations. (Credit: NexGen Energy)SASKATCHEWAN - NexGen Energy of Vancouver reports that the radioactivity results for 16 holes from the South Arrow discovery at the Rook I property are indicative of semi-massive to massive pitchblende mineralization. Significant off-scale radioactivity (10,000 to 61,000 cps) was recorded.NexGen has been conducting an aggressive ste...Read More
Map of the final summer drill holes at Waterbury Lake. (Credit: Denison Mines)SASKATCHEWAN - With the final summer drill holes, Toronto-based Denison Mines Corp. says it has extended the high grade Huskie zone at the Waterbury Lake uranium project in the Athabasca Basin. The high grade, basement-hosted mineralization has now been expanded to 100 metres along strike, and it remains open in both dir...Read More
SASKATCHEWAN - Fission Uranium of Kelowna, B.C., has drilled a new zone 2.3 km west of the R780E zone at its Patterson Lake South project on the south rim of the Athabasca Basin. Results of four holes on the new R1515W zone point to the widest, highest grade mineralization outside the Triple R deposit.Fission's exploration camp at the PLS project in Saskatchewan. (Credit: Fission Uranium)Of partic...Read More
Location of summer 2017 drill collars at the Waterbury Lake project. (Credit: Denison Mines)SASKATCHEWAN - Denison Mines of Toronto reports drilling 3.7% uranium oxide over 3.9 metres including 2.8% U3O8 over 1.8 metres during follow-up drilling at the new high grade basement discovery at Waterbury Lake in the eastern part of the Athabasca Basin. The assay came from a hole WAT17-446A about 50 me...Read More