Uranium stocks Articles

Oct 28 Uranium week: selling accelerates

Oct 29 2019 / Greg Peel

Weekly Reports |Oct 29 2019The uranium market remains in a state of flux due to policy uncertainty. Sellers became more anxious last week.-Iran waiver deadline looms-Sellers jumping over each other-Paladin moves forward on Langer Heinrich restartBy Greg PeelIndustry consultant TradeTech sums it up succinctly in suggesting the uranium market is currently "frozen by uncertainty". Last week was the f...Read More

URANIUM-GOLD: Fission 3.0 samples 13.9%, 2.3 g/t at Beaver River

October 21, 2019 / Canadian Mining Journal

The Fission family has over a dozen projects around the rim of the Athabasca Basin. (Image: Fission 3.0)SASKATCHEWAN - Fission 3.0 Corp., based in Kelowna, B.C., has had excellent uranium and gold results from prospecting at Beaver River property on the north-central rim of the Athabasca Basin. The highest grades came from the newly named Trigger zone in the northeast part of the property.Samples...Read More

Oct 15 Uranium week: deadline extended

Oct 15 2019 / Greg Peel

Weekly Reports |Oct 15 2019The global uranium market will have to wait at least another 30 days before Trump's Working Group delivers the report the market has been hanging out for.-Climate change in focus-Working Group report delayed-Spot market falls quietBy Greg Peel"Finding the right approach to long-term, economic, and reliable electricity supply is the central challenge to the decarboniz...Read More

Energy mix needs nuclear to combat climate change

Oct 09, 2019 / Staff reporter

At a time when an increasing number of citizens are pressing for immediate climate action, every form of energy that can reduce greenhouse gas emissions needs to be considered. Only the right mix of energy sources will enable the world to reach the targets set out in the Paris Agreement to limit climate change. This is what high level speakers said today during the opening of the International Con...Read More

URANIUM: NexGen releases new assays from Arrow drilling

October 9, 2019 / Canadian Mining Journal

All tails at the Rook I uranium project will be returned to the underground mine as paste fill. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has released new assays from its phase one drill program at the Arrow uranium deposit on the southwest rim of the Athabasca Basin. The highest results were 33.78% uranium oxide over 12.0 metres and 32.88% over 8.0 metres.The 20 recent ho...Read More

Oct 8 Uranium week: paddling fast

Oct 08 2019 / Greg Peel

Weekly Reports |Oct 08 2019Going nowhere. Uranium prices continue to rise and fall but it remains a case of failure to launch.-Anticipated demand still absent-Spot prices remain range-bound-Australia ponders nuclear energyBy Greg PeelExpectations that sustained uranium demand from utilities and producers would materialise in 2019 are yet to be proven accurate, with several potential buyers pre-occ...Read More

Oct 1 Uranium week: Not a pretty picture

Oct 01 2019 / Greg Peel

Weekly Reports |Oct 01 2019It was another slow week in the uranium market, while Macquarie has dissected the demand/supply equation going forward.-Cuts on both demand and supply sides-Uranium supply surplus to continue-Activity again subsidesBy Greg PeelMacquarie Group's commodity analysts estimate global uranium demand, from power generators and investors combined, will fall -1.9% in 2019 and...Read More

URANIUM: New underground PFS cuts capex for Fission's Triple R deposit at PLS

September 23, 2019 / Canadian Mining Journal

The Triple R deposit contains five mineralized zones over a length of 3.18 km. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., says the results of the pre-feasibility study for on an underground only development represent a savings in both capex and construction time for the Triple R deposit compared to an earlier study of both open pit and underground mining.The PFS for F...Read More

Aug 26 Uranium week: activity reawakens

Aug 27 2019 / Greg Peel

Weekly Reports |Aug 27 2019News that Kazakhstan intends to extend production reductions through 2021 sparked a return to buying interest in both the spot and term uranium markets last week.-Kazatomprom extends production cuts-Market interest returns after a dead August to date-No new Japanese restarts in 2019By Greg Peel"Kazatomprom does not expect to return to full production until a sustained ma...Read More

URANIUM: Positive ISR test at Denison's Wheeler River

August 27, 2019 / Canadian Mining Journal

Proposed site plan for the Wheeler River uranium project in Saskatchewan. (Image: Denison Mines)SASKATCHEWAN - Denison Mines of Toronto says the test results of in situ recovery of uranium from the Wheeler River project are positive. Denison is the 90% owner and operator of the project located in the eastern part of the Athabasca Basin, and JCU (Canada) Exploration Co. holds the remaining 10%.The...Read More

'Logic and law will prevail' says Plateau CEO on Peru claims dispute

August 26, 2019 / Jean Lian

Plateau Energy Metals (TSXV: PLU) has lost its appeal to overturn a decision by the Instituto Geolgico Minero y Metalrgico (INGEMMET) to cancel 32 of its 149 concessions in Peru. INGEMMET is an agency under Peru's Ministry of Energy and Mines (MINEM).The 32 concessions represent 231 sq. km, or less than 25%, of Plateau's 930-sq.-km land package in Peru. Of the 32 concessions, one affects the Falch...Read More

ENVIRONMENT: Federal government pledges $2.2B for mine cleanup in North

August 20, 2019 / Canadian Mining Journal

The aurora borealis over Great Bear Lake where several old mine sites on the eastern shore are to be remediated. (Image: Reuters)YELLOWKNIFE, NWT - The federal government has announced it will invest $2.2 billion over the next 15 years for the cleanup of various mine sites in the Yukon and Northwest Territories.The announcement was made by the Hon. Carolyn Bennett, Minister of Crown-Indigenous Rel...Read More

URANIUM: Fission hits high grades at several areas of PLS

August 14, 2019 / Canadian Mining Journal

The shallow Triple R uranium deposit stretches over 3.18 km and has the potential to grow. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., has received the assays from the winter 2019 drill program at the Patterson Lake South property in the southwest rim of the Athabasca Basin. The company says the results confirm the potential to expand the high grade uranium resources a...Read More

Aug 7 Uranium week: empty market

Aug 06 2019 / Greg Peel

Weekly Reports |Aug 06 2019Traders are the only ones playing the uranium market at present as the August summer break begins.-Court appeal against Yeelirrie rejected-Utilities remain on sidelines-Uranium prices going nowhereBy Greg PeelNews from the Australian uranium market last week is that the Western Australian Court of Appeal has dismissed an attempt to overturn state approval for the Yeelirr...Read More

Jul 30 Uranium week: stalled again

Jul 30 2019 / Greg Peel

Weekly Reports |Jul 30 2019With section 232 uncertainty finally put to rest, nuclear utilities remain out of the market as they prepare submissions for the president's nuclear Working Group.-No utility interest for spot uranium last week-Rush on to prepare submissions-Cameco to continue with spot purchasesBy Greg PeelIt was hoped that once the section 232 decision was settled one way or the ot...Read More

URANIUM: Fission to prepare PEA for underground only option at PLS

July 23, 2019 / Canadian Mining Journal

The location of the Triple R deposit on the rim of the Athabasca Basin. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., is looking at an underground only option for mining its Patterson Lake South property on the southwest edge of the Athabasca Basin. Potential benefits of such a plan include low operating costs, lower capex and reduced construction time - all of which add...Read More

Yellow Cake posts quarterly NAV update, sees positive developmts in uranium mkt

Jul 22, 2019 / Alastair Ford

Yellow Cake PLC (LON:YCA) has reported a net asset value of 218p per share as at 30 June 2019.The valuation is derived primarily from a holding of 9.2mln pounds of physical uranium, worth US$24.70 at prevailing spot prices, but acquired at an average price of US$21.8 per pound.WATCH: Price pullback gives Yellow Cake good opportunity to acquire additional uraniumThe total portfolio valuat...Read More

URANIUM: Cameco awarded $40.3m in damages in TEPCO contract dispute

July 15, 2019 / MINING.COM Staff

SASKATOON, Sask. - A tribunal of international arbitrators ruled in favour of Cameco Corporation in the miner's contract dispute with Tokyo Electric Power Company Holdings, TEPCO.According to a corporate press release, the tribunal rejected TEPCO's assertion that it had the right to terminate its uranium supply agreement alleging force majeure, and awarded damages to Cameco of $40.3 million. Damag...Read More

Peninsula Energy moving towards low pH operations at Lance uranium projects

Jul 03, 2019 / Tharun George

Peninsula Energy Ltd (ASX:PEN) has confirmed that no public comments were submitted for the pre-decisional State Decision Document prepared by the Uranium Recovery Program (URP) within the Wyoming Department of Environmental Quality (WDEQ).BackgroundIn April 2019, the WDEQ URP completed its review of the low pH amendment request of Peninsula's Source Materials License (SML) for the Lance Projects...Read More

Jul 2 Uranium week: still waiting

Jul 02 2019 / Greg Peel

Weekly Reports |Jul 02 2019The uranium market is left hanging as Trump's 232 decision is again postponed and not yet rescheduled.-US section 232 decision postponed indefinitely-Uranium term prices rise-Rio Tinto's Rossing sale approvedBy Greg PeelPresident Trump was due to be briefed by US Department of Commerce officials on its recommendation regarding the section 232 petition two weeks ago but t...Read More