TORONTO, ONTARIO--(Marketwired - June 1, 2017) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.Pitchblack Resources Ltd. (NEX:PIT.H) ("Pitchblack" or the "Company") has closed its previously announced non-brokered private placement financing of 571,428 Pitchblack common shares at a price of $0.35 per share for gross proceeds of $199,999.80. Pitch...Read More
TradeTech's spot uranium prices experienced their first significant move in awhile last week, slumping by $2.00 to reach $19.50 per lb. In the prior week prices inched higher, but before that they went through a long period of stagnancy.Following last week's move, TradeTech's spot uranium price indicator is down 26% this year. Spot uranium prices are only 4% above the 17-year low they fell to last...Read More
The Case for Nuclear Power and the Top Five Uranium Mining CompaniesUranium is a metal that exists in significant quantities in just about every part of the world. It is used overwhelmingly to ensure the generation of nuclear power. In this context, the top uranium mining companies are the ones that innovate and seek to make maximum use of all the prospects that this mineral affords.As for the ura...Read More
Weekly Reports |May 30 2017Having finally ticked up the week before, the spot uranium price plunged again last week.By Greg PeelFor the second year in a row in 2016, ten new nuclear reactors began power generation, the International Atomic Energy Agency reports - the highest number since the 1980s.At year-end, 448 reactors were in operation across the globe with a record net capacity of 391GW. Thr...Read More
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2017) - Senator Minerals Inc. (TSX VENTURE:SNR) (OTC PINK:SNRAF) (FRANKFURT:T1KA) ("Senator" or the "Company") is pleased to announce that it has commissioned a technical report on the Carter Lake Uranium Project, located on the west side of the Athabasca Basin, Saskatchewan. The report is being prepared as part of the Company's due diligence on...Read More
It is unanimous that we can expect nuclear power use to increase in the future, but a close examination of different countries' plans for nuclear power use shows a very split perspective.While dozens of nuclear power plants are currently under construction, they are located primarily in developing countries: with China and India leading the way. China and India are fully embracing a nuclear fu...Read More
Palisade Research May 26, 2017 Category: Research Appia Energy (CNSX:API, FRA:A0I, OTCMKTS:APAAF)We apologize for the delay of this update.This week Appia released a fairly long update on its drilling operation, and there are four major takeaways we would like to translate for the average investorLike any other investor, the length of mineralization immediately caught our eye. The low grade nature...Read More
HALIFAX, NOVA SCOTIA--(Marketwired - May 25, 2017) - Ucore Rare Metals Inc. (TSX VENTURE:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to comment on recent initiatives by the US government to assist in the development of strategic metals mining and separation in the United States. The Consolidated Appropriations Act, 2017 (the "Act") which has been signed into law this month, includes a...Read More
TORONTO, ONTARIO--(Marketwired - May 25, 2017) - Forsys Metals Corp. (TSX:FSY)(FRANKFURT:F2T)(NAMIBIAN:FSY) ("Forsys" or the "Company") announces that today's annual and special meeting ("Meeting") of holders of Class A common shares ("Common Shares") of the Company has been adjourned to Thursday June 1, 2017 at 11:00 am Eastern time. The Meeting will reconvene at the same location as specified in...Read More
TORONTO, May 25, 2017 /CNW/ - U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) ("U3O8 Corp." or the "Company") announces that Mr David Marsh has agreed to stand for election as a director of the Company at its Annual and Special Meeting scheduled to be held at 11am on Thursday June 22 at 20 Toronto Street, Second Floor, Toronto, Ontario M5C 2B8. "I am delighted that David is standing for election as a direc...Read More
Palisade Research May 25, 2017 Category: Research Like many other commodities, the price of uranium is cyclical.Since 1929, uranium has seen three momentous bull markets. The first occurred from 1943 to 1955, and was spurred by an incentive program created by the US Government. The competition for nuclear warheads had begun, and the DoD was in dire need of uranium. Through the Atomic Energy Commis...Read More
Spot uranium prices trended higher last week with TradeTech's weekly spot price indicator adding $0.25 to reach $21.50 per lb., its first weekly rise in almost two months.The increase in TradeTech's spot uranium price came amid a bunch of positive developments for the uranium market. These included the impending restart of reactors at the Takahama nuclear plant and the Indian government's announce...Read More
CALGARY, ALBERTA--(Marketwired - May 24, 2017) - Mkango Resources Ltd. (TSX VENTURE:MKA) (AIM:MKA) (the "Corporation" or "Mkango"), announces results from recent sampling at the Thambani Project in southern Malawi: Assay results from 85 rock grab samples returned high grade uranium, tantalum and niobium values, ranging up to 3.3 % U3O8, 1.9 % Ta2O5 and 6.0 % Nb2O5. 35 of the samples graded above 5...Read More
VANCOUVER, BC--(Marketwired - May 23, 2017) - UEX Corporation (TSX: UEX) ("UEX" or the "Company") is pleased to announce that the last outstanding assays from the winter drilling program have been received from holes testing the ?OErora Zone at the Christie Lake Project.A two-phase exploration drilling program with a combined budget of up to $2.5 million has been approved by the project partners...Read More
GREENWOOD VILLAGE, COLORADO--(Marketwired - May 23, 2017) - AZARGA URANIUM CORP. (TSX:AZZ)(FRANKFURT:P8AA)(OTC PINK:PWURF) ("Azarga Uranium" or the "Company") is pleased to announce that Delos Cy Jamison has joined the Company as a strategic advisor. Mr. Jamison has served as the Chairman and Chief Executive Officer of Jamison Group LLC, which advises private landowners regarding large land exchan...Read More
TORONTO, May 23, 2017 /CNW/ - U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) ("U3O8 Corp." or the "Company") announces that it will seek shareholder approval to undertake a restructuring of its common shares at its Annual and Special Meeting scheduled to be held at 11am on Thursday June 22 at 20 Toronto Street Second Floor, Toronto, Ontario M5C 2B8. The proposed share consolidation includes three steps to...Read More
Weekly Reports |May 23 2017By Greg PeelWhile there were no transactions reported in term markets last week, utility interest in term contracts remains steady, industry consultant TradeTech reports. TradeTech's term price indicators remain unchanged at US$27.00/lb (mid) and US$35.00/lb (long).Little of that interest is finding its way to the spot market nevertheless. That said, the mere three trans...Read More
Nuclear power capacity is expanding around the world. Currently, there are dozens of nuclear power plants under construction with even more planned. Last week, India reported that it would construct 10 more nuclear power plants while Japan has moved to restart two nuclear reactors. China is building many plants that will start to come online in the next few years.Even after the Fukushima nuclear d...Read More
FROM THE BROKING DESKThe painfully slow Japanese nuclear reactor restart programme got a boost last week when Kansai Electric Power Company restarted Takahama #4. Back in late 2015 both Takahama #3 and #4 were restarted, but they were then taken offline again in March 2016 after a court injunction was issued reversing the restart on safety grounds. The Osaka High Court has now lifted that injuncti...Read More
LITTLETON, Colo., May 19, 2017 /CNW/ -- Ur-Energy Inc. (NYSE MKT:URG, TSX:URE) (the "Company" or "Ur-Energy") announces the results of the Company's Annual and Special Meeting of Shareholders held May 18, 2017, including the election of Directors. Each of the nominee Directors listed in the Company's management proxy circular dated April 13, 2017 was elected as a Director. The Company received...Read More