Uranium Stocks Articles

Yellow Cake offers "cleanest way to play uranium market" ..

Jun 06, 2019 / Jon Hopkins

Physical uranium trader tagged with nickname of the radioactive metalOwns around 9.62mln pounds of uraniumRaised US$200mln ( 151mln) from June 2019 IPO, plus additional 25.9mln in April 2019 placingContract to buy up to an additional US$100mln of U3O8 each year for the next nine years from Kazatomprom What Yellow Cake does:Yellow Cake PLC (LON:YCA) is a physical uranium trader with a moniker...Read More

World's top uranium producer is gloomy about nuclear power

Jun 06, 2019 / Bloomberg

NEW YORK – Don’t expect an upswing in the global uranium market anytime soon.“In our models, we don’t get excited on the demand side,” said Galymzhan Pirmatov, CEO of Kazatomprom, Kazakhstan’s State-owned mining company that’s the world’s biggest supplier.AdvertisementWith construction of nuclear power plants at a ten-year low, uranium demand remains...Read More

US uranium miners see boost from Commerce Department report

Jun. 5, 2019, 3:26 PM / Reuters

Two uranium mining companies said on Wednesday they are "confident" that U.S. President Donald Trump will implement limits on uranium imports after the Commerce Department recommended urgent steps to boost domestic production of a list of 35 "critical minerals" that included the nuclear fuel.The White House is currently reviewing a petition lodged by the companies, Ur-Energy and Energy Fuels, that...Read More

Purepoint Uranium updates work at Hook Lake

Jun. 5, 2019, 3:07 PM / Canadian Mining Journal Staff

Purepoint Uranium Group of Toronto has offered an update on work planned for the Hook Lake uranium project. Purepoint (21%) sat down with its joint venture partners Cameco (39.5%) and Orano Canada (39.5%) to review data and develop the next steps to advance the project.There are three areas of particular interest. The North Dragon area lies 800 metres west of and parallel to the Dragon shear zone....Read More

URANIUM: Purepoint updates work at Hook Lake

June 5, 2019 / Canadian Mining Journal

The Patterson and Derkson uranium corridors. (Image: Purepoint Uranium)SASKATCHEWAN - Purepoint Uranium Group of Toronto has offered an update on work planned for the Hook Lake uranium project. Purepoint (21%) sat down with its joint venture partners Cameco (39.5%) and Orano Canada (39.5%) to review data and develop the next steps to advance the project.There are three areas of particular interest...Read More

Purepoint Uranium updates work at Hook Lake

Jun 05, 2019 / Canadian Mining Journal Staff

Purepoint Uranium Group of Toronto has offered an update on work planned for the Hook Lake uranium project. Purepoint (21%) sat down with its joint venture partners Cameco (39.5%) and Orano Canada (39.5%) to review data and develop the next steps to advance the project.There are three areas of particular interest. The North Dragon area lies 800 metres west of and parallel to the Dragon shear zone....Read More

Australia's energy, carbon policies remain a deadlocked mess - opinion

Jun. 4, 2019, 9:44 AM / Reuters

There has been no shortage of fighting talk about Australia's lack of cohesive energy and carbon policies in recent weeks, with the only certainty being the combative rhetoric makes a lasting solution more of a fantasy.Australia is the world's third-biggest exporter of energy behind crude oil heavyweights Saudi Arabia and Russia, thanks mainly to its status as the biggest shipper of coal and lique...Read More

Jun 4 Uranium week: paying up for certainty

Jun 04 2019 / Greg Peel

Weekly Reports |Jun 04 2019Buyers are paying more for uranium that does not come from sources facing possible US restriction but falling demand is still sending prices lower.-Uranium price discrepancy opens up-Trend remains down-IEA rails against premature reactor shutdownsBy Greg PeelAn interesting dynamic opened up in the month of May in uranium markets with regard the uncertainty surrounding th...Read More

Denison Mines begins environmental process for Wheeler River

Jun. 3, 2019, 1:35 PM / Canadian Mining Journal Staff

Denison Mines of Toronto is ready to begin the rigorous environmental impact assessment of its 90% owned Wheeler River in situ uranium project in the Athabasca Basin.Both the Canadian Nuclear Safety Commission and the Saskatchewan Ministry of Environment have accepted the Wheeler River provincial technical proposal and federal project description.Denison has also said that it has executed a number...Read More

URANIUM: Denison begins environmental process for Wheeler River

June 3, 2019 / Canadian Mining Journal

In situ recovery needs only a small surface deposit to mine the uranium resources of the Phoenix deposit. (Image: Denison Mines)SASKATCHEWAN - Denison Mines of Toronto is ready to begin the rigorous environmental impact assessment of its 90% owned Wheeler River in situ uranium project in the Athabasca Basin.Both the Canadian Nuclear Safety Commission and the Saskatchewan Ministry of Environment ha...Read More

Namibia says China can buy Rio's uranium stake if it respects laws

May. 29, 2019, 9:44 AM / Reuters

Namibia's mines and energy minister said he has no objection to Rio Tinto's sale of its uranium mine stake to China provided it respects the African nation's laws.Rio, which is seeking to divest less profitable assets, said last November that it was selling its 69% stake in the world's longest-running open pit uranium mine to China for up to $106.5 million and expected the deal to be completed in...Read More

CanAlaska to start drilling at West McArthur uranium project

May. 29, 2019, 6:47 AM / MINING.com Staff

CanAlaska Uranium (TSXV: CVV) will soon begin a drill program at its 70%-owned West McArthur uranium project.In a press release, the miner said that the program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure.According to CanAlaska, two previous drill holes intersected high-grade uranium - up to 5% U3O8 - just west of the projecti...Read More

URANIUM: CanAlaska to start drilling at West McArthur uranium project

May 29, 2019 / MINING.COM Staff

SASKATCHEWAN - CanAlaska Uranium announced that it will soon begin a drill program at its 70%-owned West McArthur uranium project.In a press release, the miner said that the program is intended to locate high grade uranium hosted in faults along the C10 horizon, the major regional fault structure.According to CanAlaska, two previous drill holes intersected high grade uranium - up to 5% uranium oxi...Read More

May 27 Uranium week: buyers' market

May 28 2019 / Greg Peel

Weekly Reports |May 28 2019Sellers continue to chase down ever more empowered buyers in an ongoing weak uranium market.-Uranium spot price continues to fall-Rio Tinto may shut down Rossing-US production falls dramaticallyBy Greg PeelIt was Groundhog Week last week in the uranium market. With utilities largely out of the market pending a section 232 decision, sellers continue to lower prices in ord...Read More

Global Atomic Corp. will support uranium exploration and development work

May 21, 2019 / Alastair Ford

Global Atomic Corporation (TSE:GLO) is "two businesses in one company", according to Executive Vice President Merlin Marr-Johnson.There's zinc recycling in Turkey, and uranium exploration and development in Niger.If that doesn't seem like a natural coupling in terms of commodity or jurisdiction, then consider it from a financial perspective.It's long been a truism that the most investable explorat...Read More

May 21 Uranium week: doldrums

May 21 2019 / Greg Peel

Weekly Reports |May 21 2019The uranium spot price continues to drift lower.-Uranium market in limbo-232 decision due July 14 (not guaranteed)-Buyers unwilling to commitBy Greg PeelIt's rather difficult to maintain interest in a market for which, week after week, the story remains the same. But unfortunately that is the case for uranium at present. Until there is a decision on section 232, buyers a...Read More

Canada injects $325K into 'climate change adaptation' for mining sector

May. 17, 2019, 11:20 AM / Cecilia Jamasmie

Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary to th...Read More

Horizons launches Canada's first uranium ETF

May. 16, 2019, 2:48 PM / Canadian Mining Journal Staff

Horizons ETFs Management (Canada) has launched the Horizons Global Uranium Index ETF. Units of the ETF will began trading Thursday on the Toronto Stock Exchange under the ticker symbol HURA.HURA is the first ETF in Canada to provide direct exposure to the global uranium sector - a universe of companies with a combined value of approximately C$15 billion. Globally, Canada is ranked as the second-la...Read More

ETFs: Horizons launches Canada's first uranium ETF

May 16, 2019 / Canadian Mining Journal.

TORONTO - Horizons ETFs Management (Canada) is pleased to announce the launch of the Horizons Global Uranium Index ETF. Units of the ETF will begin trading today on the Toronto Stock Exchange under the ticker symbol HURA.Cameco's McArthur River Mine. Courtesy of Cameco.HURA is the first ETF in Canada to provide direct exposure to the global uranium sector - a universe of companies with a combined...Read More

Alba to acquire five vanadium, uranium properties in the US

May. 13, 2019, 6:44 AM / MINING.com Staff

Alba Minerals (TSX-V:AA) announced that it entered into an agreement with Journey Exploration to acquire all of its issued and outstanding share capital.The logic behind the buyout is that Journey holds a 100% interest in five prospective vanadium and uranium properties in Colorado and Utah.Yellow Circle mine workings. Photo by Alba Minerals.According to Alba, the projects are in and adjacent to t...Read More

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