Analysts at Raymond James are lowering their forecasts for zinc and copper prices.For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from US$1.40 per lb., and for 2019 they have trimmed their target price from US$1.30 per lb. to US$1.20 per lb. In 2020 they forecast a zinc price of US$1.10 per lb., down from their previous estimate of US$1.20 per lb.For...Read More
BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday."The expectation remains that we'll have that back up and running this month," Mike Henry, president of operations, minerals Australia, said in an intervi...Read More
Weekly Reports |Oct 09 2018The new agreement replacing NAFTA has swung focus onto the progress of the US government's deliberations on uranium policy.-First responses to US petition become public-New NAFTA deal unclear on uranium-Price trend remains to the upsideBy Greg PeelWhile the new trade agreement between the US, Canada and Mexico signed last week, replacing NAFTA, lifts tariffs on a number...Read More
As a general rule, the most successful man in life is the man who has the best informationMost junior resource investors know uranium, and many got in on the action when NexGen Energy and Fission Uranium made their discoveries in the Athabasca Basin of Saskatchewan, the region with the highest grades of uranium in the world. Smart, or lucky, shareholders of NXE enjoyed a cumulative share price ris...Read More
Rio Tinto (ASX, LON:RIO), the world's second largest miner, has been talking to China National Nuclear Corporation (CNNC) about selling the state-owned company its stake in Namibia's R??ssing uranium mine.While the mining giant has not officially acknowledged the negotiations with CNNC, Namibia's energy minister Simeon Negumbo confirmed them to local paper The Namibian.Rio has close to a 69 perce...Read More
Saskatoon, Saskatchewan, Canada, September 26, 2018Cameco (TSX: CCO; NYSE: CCJ) announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years.The Tax Court ruled that Cameco's marketing and trading structure involving foreign subsidiaries and the related...Read More
Uranium company Denison Mines has selected the low-cost, in-situ recovery (ISR) mining method for the development of the high-grade Phoenix deposit at the Wheeler River project, marking the first deposit identified for ISR mining in Canada’s Athabasca basin.The company decided on ISR mining following the evaluation of 32 alternate mining methods to replace the high-cost jet bore mining syste...Read More
Denison Mines (TSX: DML) named the in-situ recovery (ISR) mining method for the development of the Phoenix deposit at the Saskatchewan Wheeler River uranium project, in the heart of the Athabasca basin.Canada's Athabasca Basin has become the prime destination for high-grade uranium, with grades in excess of 100 times global averages, Canada's Athabasca Basin has become the prime destination for...Read More
The Fission camp at Patterson Lake South. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., has drilled nine more high grade holes at its Patterson Lake South uranium project near the southwest rim of the Athabasca Basin. All the holes were drilled in the R780E zone of the Triple R deposit.Here are the assay highlights:Hole PLS18-588: 50.5 metres at 8.21% uranium oxide, incl...Read More
Weekly Reports |Sep 25 2018America's oldest nuclear reactor shut down last week. Meanwhile, the spot uranium price continues to rise.-Oyster Creek shuts down-IAEA has a warning for governments-Uranium spot price marches ever onwardBy Greg PeelIn December 1964, construction began on the Oyster Creek nuclear power plant in New Jersey. In 1969, the reactor was connected to the grid. Last week, Oyste...Read More
The Wheeler River uranium project includes two deposits - Phoenix and Gryphon. (Image: Denison Mines)SASKATCHEWAN - Denison Mines Corp. of Toronto has the results of the pre-feasibility study for its flagship Wheeler River uranium project in the Athabasca Basin. The PFS considers simultaneous development of the Phoenix and Gryphon deposits.The high grade Phoenix deposit is amenable to in situ reco...Read More
Nasdaq-listed Westwater Resources, which owns uranium project in Texas and New Mexico, is upbeat about the uranium market and says he believes that prices will continue to rise in the near term.In a news release on Friday, CEO Christopher Jones laid out a case for higher prices detailing how spot market prices and volumes for uranium concentrate are outperforming this year.AdvertisementCiting info...Read More
Forum Energy Metals (TSXV: FMC) is expanding its portfolio. From focusing on copper and uranium in Saskatchewan, the Vancouver-based miner now wants to work on extracting a wider array of products, from precious metals to minerals aimed at supplying the EV market.This week, Forum announced that it has executed a formal agreement to acquire, for a total of $75,000, the Quartz Gulch cobalt property...Read More
Westwater's CEO Message lays out case for higher Uranium pricesCENTENNIAL, Colo., September 21, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, is pleased to share a message from Christopher Jones, its President and CEO.Dear Fellow Shareholders -Our analysis of the current uranium market has brought several positive developme...Read More
Weekly Reports |Sep 18 2018The spot uranium price is now 50% above its 12-year low.-IAEA warns of nuclear capacity decline-Spot price continues uptrend-Toro Energy excited by test resultsBy Greg PeelA report released last week by the International Atomic Energy Agency warns that global nuclear power generating capacity is at risk of declining over coming decades as ageing reactors are retired and...Read More
Supports Goal of Battery-Graphite Purification & Post Processing Plant in next 24 MonthsRelationships Enhance Development of Westwater's Three Graphite Products for Commercial SalesCENTENNIAL, Colo., September 17 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, is pleased to announce that it has engaged two expert organization...Read More
CENTENNIAL, Colo., September 6, 2018 - Westwater Resources, Inc. ("Westwater," or the "Company") (Nasdaq: WWR), an energy materials development company, is pleased to announce that it has successfully produced more than 4 kilograms of its Purified Micronized Graphite ("PMG"). This Made-in-the-USA product is used as a conductivity enhancement material for rechargeable lithium ion batteries, non-r...Read More
MADRID, Sept 14 (Reuters) - Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast uranium mine if given the go-ahead, has faced local opposition since it was pr...Read More
MADRID – Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday.The project, which would become the European Union's only open-cast uranium mine if given the go-ahead, has faced local opposition since it was proposed...Read More
Last week, 2.4 million pounds of uranium changed hands according to industry consultant TradeTech.At $26.70/lb, the uranium spot price reached a 2-year high and at that price, it meant roughly $64 million dollars changed hands over uranium.All of this comes after the price appeared to have bottomed out after dropping to $18.00/lb in November 2016 and having seen a steady rise since, including gain...Read More