Uranium stocks Articles

Uranium Investing - Uranium Stocks, Mining Companies, Prices and News

May 25, 2020 / Staff reporter

Top Gainers$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigger('click'); });ExchangeSymbolChartCurPricechg | %Westwater ResourcesNASDAQWWRUSD2.170.167.96Peninsula EnergyASXPENAUD0.130.001.96CamecoTSXCCOCAD13.930.171.24Barrick GoldTSXABXCAD36.810.200.55Energy FuelsTSXEFRCAD2.270.010.44Top Decliners$(document).ready(function() { $('.ChangePercentActive .spanPercent').trigg...Read More

The Northern Miner Podcast - episode 187: How COVID-19 is impacting the uranium market, ft. Cameco

May 20, 2020 / Northern Miner Staff

This episode features the Q&A portion of Cameco's Q1 conference call that took place on May 1, 2020. Cameco president and CEO Tim Gitzel and vice-president and chief financial officer Grant Isaac discuss the impact of the coronavirus on uranium prices, as well as the difficulty the company has in obtaining an accurate uranium spot price, M&A and its ongoing tax dispute with the Canadian Revenue Ag...Read More

Namibia: Orano Gives Erongo Desalinated Water

May 19, 2020 / Adam Hartman

ORANO Mining Namibia has donated 200 million litres of desalinated water to local authorities in the coastal area.The value of the once-off donation is about N$6 million, Orano spokesperson Christine de Klerk said last week.The donation is in support of the government's efforts to cushion the economic impact of the Covid-19 outbreak.The water will be distributed through NamWater from the Erongo De...Read More

May 19 Uranium week: Light at the end of the tunnel

May 19 2020 / Greg Peel

Weekly Reports |May 19 2020Cameco has this week begun to reopen its uranium conversion facilities after virus lockdown while the US government has outlined plans for the purchase of domestically produced uranium-Cameco reopens two processing plants-US government outlines Strategic Reserve plans-Uranium market activity again subduedBy Greg PeelOn Monday, Cameco announced it would resume production...Read More

SURVEY: Canadians want to seize opportunity in critical metals

May 14, 2020 / Canadian Mining Journal

MAC surveyTORONTO - Coinciding with National Mining Week, the Mining Association of Canada (MAC) has released a new national poll that highlights public enthusiasm for Canada to grow market share as a preferred global supplier of critical minerals, based on abundance and leading environmental standards.As demand for minerals and metals continues to grow, there is increasing focus on what are refer...Read More

Mega Uranium to Option Ben Lomond & Georgetown Properties

May 14, 2020 / Staff reporter

May 14, 2020Toronto, Canada (May 14, 2020) - Mega Uranium Ltd. (MGA: TSX) announces that it has entered into an agreement with NXGold Ltd. ("NX") to grant to NX (following receipt by NX of the necessary conditional approvals of the TSX Venture Exchange) a two-year option to purchase Mega's Ben Lomond uranium property located in Queensland, Australia (the "Ben Lomond Option"). As consideration for...Read More

NexGen Energy lines up US$30M financing with Queen's Road Capital

May 13, 2020 / Carl A. Williams

NexGen Energy's Rook 1 project in Saskatchewan, Canada. Credit: NexGen Energy.NexGen Energy (TSX: NXE; NYSE: NXE) has signed a US$30 million financing agreement with Queen's Road Capital Investment (TSXV: QRC) and plans to use the funds to advance work at its flagship Arrow deposit, part of the company's Rook 1 project in Saskatchewan."Warren Gilman, chairman and chief executive officer of Queen's...Read More

May 12 Uranium week: Taking a breather

May 12 2020 / Greg Peel

Weekly Reports |May 12 2020After an historic monthly price rise in April, May opened with the spot uranium market calming down.-Calm descends on uranium market-Virus hitting global energy demand-US production crashesBy Greg PeelIn the month of April, the spot uranium price rose almost 24% to mark the largest monthly increase in almost thirty years. In six weeks, the spot price rose 41%, being the...Read More

URANIUM: Cameco restarts two Ontario operations, Cigar Lake remains on hold

May 11, 2020 / Canadian Mining Journal

A uranium hexafluoride cylinder at Cameco's conversion facility in Port Hope Credit: CamecoONTARIO - Cameco has announced that it is resuming production at the uranium hexafluoride (UF6) plant within its Port Hope conversion facility and its Blind River refinery in Ontario. The two operations are planned to restart the week of May 18 and ramp up to full production by the week of May 25.On Apr. 8,...Read More

Africa Snapshot: Eight companies active on the continent

May 5, 2020 / Magda Gardner

Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number of countries on this continent have a free carried interest provision, whereby they...Read More

Apr 29 Uranium week: Utilities hamstrung

Apr 29 2020 / Greg Peel

Weekly Reports |Apr 29 2020The virus has curbed uranium production, but also utility demand. Prices continue to rise ahead of an expected return of utility demand.-Utilities focused on safety management-Supply curtailments continue to underpin uranium prices-Trump's Working Group Report finally publishedBy Greg PeelWhile nuclear power generation is deemed an essential service at this time, allowin...Read More

Apr 28 Uranium next commodity to run?

Apr 29 2020 / FYI

FYI |Apr 29 2020-The below is a company sponsored announcement-In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023.In other words, there is a looming uranium supply and demand mismatch and the Association believes the uranium industry is only a...Read More

US outlines strategy to support domestic nuclear energy sector

April 29, 2020 / Dan Sekulich

The U.S. Department of Energy recently released a roadmap for rebuilding the country's nuclear energy sector, including commitments to bolster domestic production of uranium, increase its enrichment as a fuel source and expand the export market for nuclear technologies.U.S. Secretary of Energy Dan Brouillette unveiled the strategy on April 23. The report: Strategy to Restore American Nuclear Energ...Read More

URANIUM: Global Atomic publishes PEA results for Dasa in Niger

April 16, 2020 / Canadian Mining Journal

Dasa long section Credit: Global AtomicNIGER - Global Atomic has released the results of a preliminary economic assessment (PEA) for its Dasa deposit in the Republic of Niger.The study outlines the first phase of a larger underground mine at the site - with a 12-year life, this phase would extract the high-grade Flank zone and surrounding mineralization. With average annual production of 4.4 milli...Read More

URANIUM: CanAlaska reports first results from Saskatchewan drill program

April 16, 2020 / MINING.COM Staff

SASKATCHEWAN - CanAlaska Uranium reported that, prior to the declaration of COVID-19 as a pandemic, its crews were able to complete four drill holes from a planned six-hole winter program at the West McArthur uranium project in the prairies.In a press release, CanAlaska said that drilling was stopped mid-March to ensure an orderly shutdown.According to the company, assays and data from the drill h...Read More

Uranium week: Further supply cuts

Apr 14, 2020 / Greg Peel

Weekly Reports |Apr 14 2020Kazatomprom has moved to formalise virus-related production shutdowns across its operations, sending uranium spot prices higher still.-Kazak restrictions impact uranium production-Cameco moves to shutter more facilities-spot and term prices on the move in responseBy Greg PeelThe Kazak government has imposed measures which now cover all of state-owned Kazatomprom's region...Read More

Apr 14 Uranium week: Further supply cuts

Apr 14 2020 / Greg Peel

Weekly Reports |Apr 14 2020Kazatomprom has moved to formalise virus-related production shutdowns across its operations, sending uranium spot prices higher still.-Kazak restrictions impact uranium production-Cameco moves to shutter more facilities-spot and term prices on the move in responseBy Greg PeelThe Kazak government has imposed measures which now cover all of state-owned Kazatomprom's region...Read More

Marenica raises capital for exploration work

Apr 09, 2020 / Esmarie Iannucci

PERTH (miningweekly.com) – Junior Marenica Energy will raise A$1-million after receiving binding commitments for a placement to professional and sophisticated investors.The ASX-listed company will place 26.35-million shares, at a price of 3.8c each, and 26.35-million free attaching options, over two tranches. The first tranche will consist of more than 13.15-million shares and will be issued...Read More

NexGen Energy well positioned to benefit from uranium price increase

April 8, 2020 / Carl Williams

The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and disruption to supply chains around the world. One metal, however, is defiantly bucking the trend.The spot price for uranium oxide in the past few weeks has risen by 14% to over US$27 per lb., ending a...Read More

Uranium week: A wake up call?

Apr 07, 2020 / Greg Peel

Weekly Reports |Apr 07 2020After years of lacklustre uranium prices and a lack of any urgency on the part of utilities, suddenly the virus has markedly changed the nuclear energy equation.-Coronavirus fallout has proved beneficial for uranium prices-Market volumes jump led by financial traders and uranium producers-Current crisis emphasises the need for secure power generation, including via nucle...Read More