Purepoint Uranium Group says it has finished the initial fieldwork at the Hook Lake joint venture. The project lies on the southwest edge of the Athabasca Basin in the Patterson uranium district, between Fission's Triple R deposit and NexGen's Arrow deposit.Hook Lake is owned jointly by Cameco Corp. (39.5%), Orano Canada (39.5%) and Purepoint Uranium Group (operator and holder of a 21% interest).W...Read More
Niger's Ministry of Mines issued a letter supporting the negotiations between Canada's GoviEx Uranium (TSXV: GXU) and the country's federal government regarding the Madaouela uranium project.Although final documents on their commercial understandings are yet to be signed, the Vancouver-based miner and country authorities have agreed that the Government of Niger will acquire a 10% working interest...Read More
NIGER - Niger's Ministry of Mines issued a letter supporting the negotiations between Canada's GoviEx Uranium and the country's federal government regarding the Madaouela uranium project.Although final documents on their commercial understandings still need to be signed, the Vancouver-based miner and country authorities have agreed that the government of Niger will acquire a 10% working interest i...Read More
Brian MacArthur of Raymond James is increasing his price forecasts for gold, copper, zinc and coking call and lowering his estimate for uranium.The mining analyst has revised his average gold price for 2019 to US$1,301 per oz. from US$1,293 per oz. "primarily on the back of incrementally dovish commentary from central banks suggesting that global monetary policy will remain accommodative thereby k...Read More
2019 Dragon zone drill hole locations with mag tilt background. (Image: Purepoint Uranium Group)SASKATCHEWAN - Purepoint Uranium Group says it has finished the initial fieldwork at the Hook Lake joint venture. The project lies on the southwest edge of the Athabasca Basin in the Patterson uranium district, between Fission's Tri[le R deposit and NexGen's Arrow deposit.Hook Lake is owned jointly by...Read More
Students at the University of British Columbia's Norman B. Keevil Institute of Mining Engineering are partnering with tech company Riivos Inc. to design their Mine and Plant Feasibility Study capstone projects.The projects are part of their required courses and in order to complete them, the students are using a Riivos-built mining financial technology software that allows them to quickly and easi...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
A burgeoning interest in Canada's emerging cannabis sector, which spiked after recreational use of marijuana was legalized in October, is sucking investment capital away from the mining sector, and hitting juniors hardest, a new study shows.According to BDO's Sherif Andrawes, investments in Canadian cannabis companies increased from C$43 million to C$770 million from the first half of 2016 to the...Read More
Vancouver-based UEX Corporation has shared the third set of assays from the winter drill program at its West Bear cobalt-nickel property in the eastern part of the Athabasca Basin.The company said that 14 of the 20 assays exceeded the cobalt equivalent grade of 0.023% or more.Highlights from the results include hole WBC-063, which intersected 4.5 metres averaging 0.11% cobalt and 0.49% nickel from...Read More
Peninsula Energy Ltd (ASX:PEN) has achieved successful outcomes from the mining phase of a low pH uranium production field demonstration at its Lance Projects in the US state of Wyoming.A key objective of the mining phase was to lower the local mining zone pH to the targeted level of around 2.0 standard units (SU) without compromising the ability to move lixiviant through the mining zone.This tech...Read More
Vancouver-based NexGen Energy has been busy with feasibility stage drilling at its 100% owned Rook I property in the Athabasca Basin.In the A2 sub-zone, the emphasis is on converting indicated to measured resources. Nineteen closely spaced drill holes (9.0 to 16.7 metres) successfully intersected the sub-zone. In the shear only, composite and off-scale radioactivity results were routinely measured...Read More
Drilling at the Rook I uranium project in the Athabasca Basin. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has been busy with feasibility stage drilling at its 100% owned Rook I property in the Athabasca Basin.In the A2 sub-zone, the emphasis is on converting indicated to measured resources. Nineteen closely spaced drill holes (9.0 to 16.7 metres) successfully intersected th...Read More
Thor Mining PLC (LON:THR) has acquired two gold and uranium focused companies in Australia in a move to expand its operations portfolio in the country.The exploration firm, which already has a portfolio of assets in tungsten, molybdenum, copper, and other metals, said it had acquired Pilbara Goldfields Pty Limited (PGL) and Hamersley Metals Pty Limited (HML), which together hold interests in two g...Read More
March 27, 2019Toronto, Ontario (March 27, 2019) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual and special shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a show of hands of the majority of shareholders. The results of the shares voted in person or by proxy in respect of the election of each director are:NomineeShares V...Read More
When should modern Americans care about legislation signed into law by President Ulysses S. Grant? When it causes deep environmental damage, deprives the federal treasury of billions, privileges one industry over others, practically gives away public lands, and hasn't been significantly altered in almost 150 years.The law in question is the General Mining Act of 1872, which governs the harvesting...Read More
One of two key regulatory approvals for low-pH uranium extraction has been receivedA pilot phase is in progress and is expected to continue in the June quarterCommercial-scale low-pH uranium extraction will reduce Peninsula's per-pound costs, pushing the uranium group down the cost curveWhat does Peninsula Energy do?Peninsula Energy Ltd (ASX:PEN) specialises in uranium production in the US state o...Read More
Looking to develop world-class uranium project in SpainSalamanca Project has near surface, high-grade depositsStrong financial position with A$100mln in cash on balance sheet at end-December What Berkeley Energia does:Berkeley Energia Limited (LON:BKY) (ASX:BKY) is developing a world-class uranium project in a historic mining area in western Spain, about three hours west of Madrid.F...Read More
Weekly Reports |Mar 26 2019The spot uranium price continues to slide as sellers are met with stalled demand.-U3O8 spot price continues to fall-Honeymoon may not be over-Upheaval in KazakhstanBy Greg PeelThe US Department of Commerce is due to submit its section 232 recommendations to the president on April 14. The president then has months to consider a response. All things being equal, it appear...Read More
CanAlaska Uranium (TSXV: CVV) agreed today to go ahead with the purchase of 100% of the past-producing Manibridge nickel mine in the Thompson Nickel Belt, Manitoba, central Canada.The mine is currently owned by Pure Nickel (TSXV: NIC). To acquire it, CanAlaska has to issue Pure Nickel 300,000 shares and 100,000 2-year warrants exercisable at $0.28/share, and pay $25,000.The Manibridge Mine claims,...Read More
A report published by Deloitte Access Economics reveals that Australian mining companies paid A$30.6 billion in company tax and royalties in 2017-18 - the equivalent of all Federal Government spending on Australian schools, universities and vocational training.According to the report, the dollar amount paid in company taxes over the past couple of years surpasses that of 2011-12, which was the pea...Read More