Bannerman Resources Ltd (ASX:BMN) received a query from the ASX today related to the company's shares rising from 3.9 cents at the close of trading on Monday, March 11 to a high of 5 cents today.The ASX also noted the significant increase in the volume of Bannerman securities traded over the last few days.Bannerman responded to the query explaining that it was not aware of any information that had...Read More
WASHINGTON - The United States and Brazil could work together to build small nuclear reactors, as South America's largest economy prepares to open uranium mining and related areas to foreign investment, Brazil's mines and energy minister told Reuters on Friday.Brazil is preparing legislation that would clear the way for both private and foreign investment in prospecting and mining for uranium in t...Read More
American Battery Metals (CSE: ABC) announced that later this month it will start an exploration program at its Temple Mountain vanadium property in Emery County, Utah.With $1.5 million in funding, the campaign will be comprised of radon geophysical surveying, trenching and sampling, and reverse circulation drilling of 10 holes for 3,000 feet.According to American Battery Metals, the geophysical su...Read More
Fission Uranium of Kelowna, B.C., is pleased with the results from three holes of its winter work program at the Patterson Lake South uranium property in the Athabasca Basin. The holes were dual purpose: to expand resources outside the modeled high grade zone and to collect geotechnical information for mine planning.The three holes were drilled in the R780E zone. Results include hole PLS19-PW-09,...Read More
Fission is hard at work on the feasibility study for mining the Triple R uranium deposit in Saskatchewan. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., is pleased with the results from three holes of its winter work program at the Patterson Lake South uranium property in the Athabasca Basin. The holes were dual purpose: to expand resources outside the modeled high grad...Read More
While it seems to fly in the face of everything we believe and have been taught about nuclear power, it may actually be the safest form of power production that we have. Ironically, the immense potency of the power of splitting an atom is simultaneously what makes nuclear weapons so dangerous as well as what makes nuclear power so safe. Despite high-profile nuclear disasters like Chernobyl in Ukra...Read More
Kazakh uranium miner Kazatomprom expects further revenue growth this year on higher prices, it said on Wednesday after posting a 112 percent jump in 2018 adjusted net profit on higher sales volumes and prices.London-listed Kazatomprom's net income adjusted for one-off transactions stood at 66.8 billion tenge (about $177 million), it said in a statement.The world's biggest uranium miner said it exp...Read More
Weekly Reports |Mar 05 2019The US section 232 investigation is curtailing demand in the uranium market and leading to price consolidation.-Section 232 slows activity in US uranium market-Sellers becoming anxious-Paladin Energy looks to a restartBy Greg PeelUncertainty surrounding section 232 has "frozen" the US uranium market, noted Cameco CEO Tim Gitzel at least week's Global Metals & Mining Conf...Read More
Deep Yellow Limited (ASX:DYL) has started the final 3,000-metre leg of a 12,000-metre reverse circulation (RC) drilling program aimed at increasing resources at the Reptile Uranium Project in Namibia.The final leg, which started on March 4, has a two-fold focus:Follow-up resource drilling to test for resource upgrade of other specific uranium-rich tributaries identified in the area east of Tu...Read More
Canada's mining ministers, with the exception of those from Ontario and Saskatchewan, made public on Sunday the Canadian Minerals and Metals Plan or CMMP, which is expected to guide priority areas for the sector in the coming years.Among those key themes are raising Canadians' awareness of the importance of the minerals and metals sector, responding to ongoing and emerging challenges, and helping...Read More
SASKATCHEWAN - Canada's ALX Uranium signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France's Orano Group.The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan. This is the same province that hosts the Hook-Carter project, where the...Read More
After years of hoping and waiting, things may be finally looking up for the world's uranium mining sector."The outlook for the uranium market has, without a doubt, significantly improved over the past year," says the Bank of Nova Scotia's report on energy released in mid-January. It's not a perfect picture yet, but the balance between supply and demand appears to be moving gradually toward more st...Read More
Canada's ALX Uranium (TSXV: AL) signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France's Orano Group.The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake uranium project located in the eastern Athabasca Basin area of northern Saskatchewan. This is the same province that hosts the Hook-Carter project, where the Van...Read More
Canada's mining sector is going through dramatic change, but the industry remains bullish on growth, KPMG International's latest Global Mining Risk Report finds.While recent merger and acquisition transactions have raised concerns about the future of Canada's mining sector, domestic firms remain optimistic about growth opportunities. Canadian stock exchanges are the global leader in mining financ...Read More
Boss Resources Limited (ASX:BOE) has completed the first phase of an optimisation test work program, which forms part of the company's restart strategy for the Honeymoon Uranium Project in South Australia.Results from the test work will be included in a definitive feasibility study examining the Honeymoon restart, which is due for completion in the third quarter of 2019.These results highlight&nbs...Read More
Bannerman Resources Limited (ASX:BMN) has completed reconnaissance drilling of the Ombepo and R??ssingberg targets at its Etango Uranium Project in Namibia.The results from Ombepo have indicated thick zones of Etango-style uranium mineralisation with the potential for higher-grade blocks, confirming the possibility for a satellite feed for Etango. Drilling comprised eight reverse circulation...Read More
Vancouver-based Blue Sky Uranium Corp. has announced positive results from the preliminary economic assessment of its Ivana uranium-vanadium deposit. The deposit is part of the company's Amarillo Grande project in the Rio Negro Province.The PEA calls for an open pit mine that will produce both uranium and vanadium for 13 years. The pre-production capex will be $128.1 million including $28.3 milli...Read More
On Wednesday, hopes that an escalation of the trade war between the US and China can been avoided (or at least postponed) sparked a massive rally in mining stocks - already buoyed by climbing metals prices.US President Donald Trump said yesterday he may not increase tariffs on Chinese products on March 1, as talks about the trading relationship between the world's two largest economies continue in...Read More
A report published by Fitch Solutions states that due to the prevalence of off-grid remote mineral deposits in Sub-Saharan Africa and the fact that traditional grid-power tends to be unreliable in those mines, mining companies operating in the region should invest in renewable energy.According to the market research firm, off-grid mines could benefit from reducing their dependency on diesel while...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More