Uranium Stocks Articles

Alba to acquire five vanadium, uranium properties in the US

May 13, 2019 / 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

May 6 Uranium week: fading rebound

May 07 2019 / Greg Peel

Weekly Reports |May 07 2019The uranium spot price ended April above the end-March price, but momentum faded as the month wore on.-April rally spot uranium fades-US production plunges-France to extend nuclear reduction timeframeBy Greg Peel20 transactions were concluded in the uranium spot market in April, industry consultant TradeTech reports, totalling 4.6mlbs U3O8 equivalent. Having been on the...Read More

Kyrgyzstan bans uranium mining after protests

May. 2, 2019, 9:43 AM / Reuters

Kyrgyzstan's parliament voted on Thursday to ban uranium exploration and mining in the Central Asian nation despite previously issuing licenses to foreign companies such as Canada's Azarga Uranium.The move, which may expose the Bishkek government to compensation claims from foreign investors, followed a series of public protests against plans to develop the Kyzyl Ompul project in which Azarga has...Read More

World's top uranium miner Cameco swings to loss in first quarter

May. 1, 2019, 9:43 AM / Cecilia Jamasmie

Canada's Cameco (TSX:CCO) (NYSE:CCJ), the world's largest publicly traded uranium miner, swung to a loss in the first three months of the year despite seeing growing support for nuclear energy.The Saskatoon, Saskatchewan-based company logged a C$18.3 million net loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago. That is equivalent to a decrease of five cents pe...Read More

Apr 30 Uranium week: counting the days

Apr 30 2019 / Greg Peel

Weekly Reports |Apr 30 2019President Trump may not need all of the 90 days he has to make a decision on section 232 but there is no guarantee of a timeframe.-Uncertainty still reigns-Japan to close reactors-India to build new onesBy Greg PeelUranium market watchers are undoubtedly tired of section 232 but unfortunately uncertainty still hangs like a spectre over the market. The bottom line, after...Read More

NexGen begins Rook I environmental assessment

Apr. 29, 2019, 1:40 PM / Canadian Mining Journal Staff

Vancouver-based NexGen Energy says the Rook I project description has been accepted by the Canadian Nuclear Safety Commission (CNSC) and the Saskatchewan Ministry of Environment. That clears the way for the company to begin the environmental assessment of the project.The environmental assessment will be co-ordinated among NexGen and the two governmental bodies.NexGen has also filed an initial lice...Read More

URANIUM: NexGen begins Rook I environmental assessment

April 29, 2019 / Canadian Mining Journal

NexGen proposes to store tails from the Arrow mine underground. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy says the Rook I project description has been accepted by the Canadian Nuclear Safety Commission (CNSC) and the Saskatchewan Ministry of Environment. That clears the way for the company to begin the environmental assessment of the project.The environmental assessment wi...Read More

Australia approves Cameco's controversial uranium mine

Apr. 26, 2019, 3:45 AM / Cecilia Jamasmie

Australia's federal government has given the go ahead to Cameco's (TSX:CCO, NYSE:CCJ) vast Yeelirrie uranium project, located 500 kilometres north of Kalgoorlie in Western Australia.The country's Department of Environment and Energy environmental nod follows the state's approval of the proposed mine in 2017. That ruling, however, is still being fought in WA's Supreme Court by members of the Tjiwar...Read More

Yellow Cake hails robust market fundamentals for uranium

Apr 26, 2019 / Oliver Haill

Physical uranium stockpiler Yellow Cake PLC (LON:YCA) said the recent pullback in spot prices presented a good buying opportunity as it remained confident in the long-term outlook for the radioactive metal.The global spot uranium price softened to end the quarter at US$25.75 per pound of U3O8, from US$28.50/lb three months before.After the US Department of Commerce submitted a report to the White...Read More

Top miners back autonomous systems guidelines

Apr. 24, 2019, 8:55 AM / Cecilia Jamasmie

BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation.The document, published this week by Canada-based Global Mining Guidelines Group (GMG), outlines a framework for miners to follow when considering adding autonomous equipment to their operations. It a...Read More

ALX executes agreement to earn 51% interest in the Close Lake uranium project

Apr. 24, 2019, 6:51 AM / MINING.com Staff

ALX Uranium (TSXV: AL) announced this week that it has signed a binding option agreement with Orano Canada to earn up to a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan, Canada.In a media statement, ALX said the execution of the agreement confirms a five-year deal according to which the company has to fund explorat...Read More

Peninsula makes further progress towards using low pH solutions

Apr 23, 2019 / Tharun George

Peninsula Energy Ltd (ASX:PEN) has achieved another milestone in the regulatory approval process for the use of low pH solutions at the Lance Uranium Projects in Wyoming, US.The Uranium Recovery Program (URP) within the Wyoming Department of Environmental Quality (WDEQ) has completed its review of the amendment application and deems the amendment technically complete under relevant legislation.Dra...Read More

Australian mining group asks government to repeal nuclear power ban

Apr. 22, 2019, 7:27 AM / MINING.com Staff

The Minerals Council of Australia or MCA issued a communiqu calling on the Scott Morrison administration to repeal a current ban on nuclear power.The release followed Morrison's comments last week on a Tasmanian radio station, where the prime minister said he would be okay with receiving proposals from the nuclear energy industry.However, following a negative reaction from the opposition, the Libe...Read More

Peninsula Energy has new subs. shareholder in Paradice Investment Management

Apr 18, 2019 / John Miller

Peninsula Energy Ltd (ASX:PEN) has a new substantial shareholder in Sydney-based Paradice Investment Management Pty Ltd with a 9.71% stake.Paradice attained this status on April 12, 2019, and holds 24 million securities in the US uranium producer.The transaction was valued at almost $6.5 million.Investment valued at $6.72 millionAt Peninsula's current share price of 28 cents, Paradice's investment...Read More

Apr 15 Uranium week: And the winner is...

Apr 16 2019 / Greg Peel

Weekly Reports |Apr 16 2019The US Commerce Department's section 232 recommendations regarding uranium imports have finally been submitted to the White House.-The recommendations are in but the wait continues-Yellow Cake buys more uranium-Honeymoon just beginningBy Greg PeelThe US Department of Commerce has completed its investigation into uranium imports under section 232, regarding "national secu...Read More

US agency submits uranium import probe to White House

Apr. 15, 2019, 10:43 AM / Reuters

The U.S. Commerce Department has submitted to the White House the results of a national security investigation into uranium imports, a spokesman for the department said on Monday.The "Section 232" probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors, including Russia and Kazakhstan, have cau...Read More

Fission Uranium tables PFS for Patterson Lake South

Apr. 15, 2019, 8:52 AM / Northern Miner Staff

Fission Uranium (TSX: FCU) has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA)-level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after tax net present...Read More

URANIUM: Fission tables PFS and considers underground-only scenario at PLS

April 15, 2019 / Northern Miner Staff

SASKATCHEWAN - Fission Uranium has tabled a prefeasibility study (PFS) for its Patterson Lake South uranium project in Saskatchewan's Athabasca region, outlining an open pit and underground hybrid operation. It's working on a preliminary economic assessment (PEA) level underground only scenario that it says could offer improved economics.The PFS assigns the project a $693 million after tax net pre...Read More

Yellow Cake ups share placing to £25.9mln amid strong investor demand

Apr 12, 2019 / Jamie Ashcroft

Yellow Cake PLC (LON:YCA) is raising 25.9mln, increased from 22.9mln, through a share placing in order to fund the purchase of at least 1mln pounds of uranium.The company, a vehicle specifically set up to acquire and own physical uranium as an investment strategy, upgraded the funding after the original offer (announced yesterday) saw strong investor demand.Via a framework agreement with Kazatom...Read More

Cobalt, uranium and silver prices expected to rally in 2019

Apr. 11, 2019, 4:40 PM / Frik Els

A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver, while those who burned fingers in the rise and fall of cobalt could also look forward to some relief.GoldGold showed promis...Read More

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