Map of Fission's Patterson Lake South project showing the Triple R deposit and new discover at R1515W discovery on the left. (Credit: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., has intersected the widest cumulative mineralization and some of the strongest radioactivity to date outside the Triple R uranium deposit. The results come from a pair of step out holes 1.5 km from the...Read More
SASKATCHEWAN - Vancouver-based NexGen Energy has made a new uranium discover 400 metres south of the Arrow deposit on the Rook I property in the Athabasca Basin.Isometric view of the Arrow and South Arrow resistivity anomalies. (Credit: NexGen Energy)The first two exploration holes of the summer program retuned off-scale radioactivity from the new zone, named South Arrow. The discovery hole - AR...Read More
SASKATCHEWAN - Vancouver's NexGen Energy says the final winter assays confirm high grade uranium mineralization in step-out drilling at the Arrow deposit. Arrow is part of the Rook I project in the Athabasca Basin.Drilling has already outlined more than 300 million lb. of uranium oxide at the Rook I property. (Credit: The Northern Miner)Expansion drilling at the A3 shear intersected a new area of...Read More
Plan map of the northeast plunging Gryphon mineralized lenses projected up to the simplified basement geology at the sub-Athabasca unconformity. (Credit: Denison Mines)SASKATCHEWAN - Toronto-based Denison Mines says that drilling continues to intersect multiple zones of high grade mineralization from the Gryphon deposit at the Wheeler River uranium project in the Athabasca Basin. The project is ow...Read More
Cross-section of the Triple R deposit and new zones looking north. (Credit: Fission Uranium)SASKATCHEWAN - The first two summer holes at the R1515W zone hit high grades and wide mineralization in multiple stacked lenses at the Patterson Lake South project of Fission Uranium from Kelowna, B.C. The zone has been expanded both laterally and down-dip.The shallow R1515W zone - discovered during winter...Read More
Palisade Research July 18, 2017 Category: Research Uranium stocks have just crossed an important technical indicator.After falling from its high in February, stocks have once again crossed their 200-day moving average.The last time this occurred was in the beginning of January, and uranium stocks gained 40%.It appears volume is once again on the rise as the Global X Uranium ETF breaks through thi...Read More
NexGen's summer drilling program is aimed at resource growth. (Credit: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has released the results of its winter drilling program at the Rook I property in the Athabasca Basin. The work points toward resource expansion at several locations.One in-fill hole at A2 intersected 33.0 metres at 4.58% uranium oxide including 10.0 metres at 8.78%. An...Read More
Uranium spot prices regrouped a bit last week, with TradeTech's weekly spot price adding $0.25 to finish at $19.75. The move higher comes after prices dove in the prior week. According to TradeTech, prices were volatile over the week as buyers were drawn to the market in search of a bargain.The return of buyers is a good signal for uranium prices after it seemed that they were at risk of unravelin...Read More
What is Uranium?Uranium is a silvery-white metallic chemical element. Most uses of uranium exploit the nuclear properties of this mineral. Uranium -235 is the only naturally occurring fissile isotope.it can be transmuted in a nuclear reactor into to fissile plutonium-239. We can also make uranium-233 from natural thorium which is important tin nuclear technology. Uranium is used in nuclear weapons...Read More
TORONTO, June 7, 2017 /CNW/ - U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) ("U3O8 Corp." or the "Company") is pleased to announce that, as part of the capital restructuring spearheaded by the proposed share consolidation to be voted upon at the Annual and Special Meeting to be held on June 22, 2017, it has reached agreement with a shareholder to reprice and accelerate an aggregate total of 19.3 millio...Read More
VANCOUVER, June 7, 2017 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSX:NXE, NYSE: NXE) is pleased to report radioactivity results for the final sixteen holes of the winter 2017 drilling program at our 100% owned, Rook I property, Athabasca Basin, Saskatchewan. Southwest Gap Step Out Drilling in A3 to A5 Shears: Significant off-scale radioactivity continues to be encountered in the ga...Read More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 6, 2017) - Senator Minerals Inc. (TSX VENTURE:SNR)(OTC PINK:SNRAF)(FRANKFURT:T1KA) ("Senator" or the "Company") is pleased to announce that the Company has entered into a standstill agreement with Gunnar Minerals Corp. ("Gunnar Minerals") pursuant to which Gunnar Minerals has agreed that the Company will have the exclusive right to acquire a control...Read More
TORONTO, ONTARIO--(Marketwired - June 6, 2017) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to announce the specifics of its summer plans for its 60% owned Wheeler River project and its other Athabasca Basin pipeline projects. Wheeler River A total of 18,000 metres of drilling is planned in approximately 40 holes. The program, which is entirely focused in a...Read More
Weekly Reports |Jun 06 2017The uranium spot market is seeing opportunistic buying under US$20/lb but a lack of interest above.By Greg PeelThe fall in the uranium spot price to under US$20/lb drew opportunistic buyers out of the woodwork last week. A jump in volume followed, with five transactions concluded in the last throes of May and another five recorded in the first days of June, industry cons...Read More
The US used to be the world's powerhouse when it came to uranium production. From 1953 until the early 1980s the country dominated global production, by far, but then lower uranium prices resulted in mining shutdowns.Overall, the uranium deposits in the US are lower grade and more expensive to mine. This resulted in the country losing a big chunk of its market share to other countries including Au...Read More
TORONTO, ONTARIO--(Marketwired - June 5, 2017) - Uranium Participation Corporation ("UPC") (TSX:U) reports its estimated net asset value at May 31, 2017 was CAD$407.5 million or CAD$3.37 per share. As at May 31, 2017, UPC's investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts)QuantityFair ValueInvestments in Uranium: Uranium oxide in conce...Read More
Arizona and Utah officials are asking US President Donald Trump to end a 20-year ban on uranium mining near the Grand Canyon, which came into effect in 2012 as part of a set of environmental protection rules passed during the Obama administration.They are also pushing for the abolishment of national monument designations in Arizona, such as Grand Canyon-Parashant and Vermillion Cliffs. They ar...Read More
TORONTO, ONTARIO--(Marketwired - June 2, 2017) - NWT Uranium Corp. (the "Company") (FRANKFURT:NMV) announced today that is has changed its name to Captor Capital Corp. The Company also announced that it has de-listed its common shares from the TSX Venture Exchange and submitted an application for listing its common shares on the Canadian Securities Exchange ("CSE"). The delisting of the Company's...Read More
Toronto, Canada (June 2, 2017) - 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 $1,250,000 from the issuance and sale of 6,944,445 units, at a price of $0.18 per unit.Each unit was comprised of one common share and one common share pu...Read More
TORONTO, ONTARIO--(Marketwired - June 1, 2017) - Pele Mountain Resources Inc. (TSX VENTURE:GEM) ("Pele" or the "Company") today announced the signing of a non-binding letter of intent ("LOI") with Enirgi Group Corporation ("Enirgi Group"), changes to its management team, and the sale of its Eco Ridge project.Pele has entered into a non-binding LOI with Enirgi Group as a new strategic direction for...Read More