PFS sets Deep Yellow on path to uranium production

PFS sets Deep Yellow on path to uranium production

Deep Yellow’s drill crews continue to build the resource inventory at Tumas in Namibia. Credit: File Deep Yellow has tabled its much-anticipated pre-feasibility study over the Tumas uranium project in Namibia, with the aspiring producer lodging a robust set of numbers green-lighting a fast-track path to production.

After the company’s pre-feasibility study, or PFS demonstrated some compelling financials, it signalled it would move directly into a definitive feasibility study on the project.

The PFS on Deep Yellow’s Namibian project showcased a gross revenue over an 11-year life of mine at A$2.5 billion with an EBITA of more than A$125 million per annum. Compellingly, the payback period on the initial capital costs is less than 4 years with the PFS also presenting a Net Present Value of A$276 million. The completion of the Tumas Pre-Feasibility Study marks a major milestone for Deep Yellow as we advance our exciting Namibian project portfolio towards […]

Why Denison Mines Stock Jumped 10% at the Open Today

Why Denison Mines Stock Jumped 10% at the Open Today

What happened

Shares of Denison Mines ( NYSEMKT:DNN ), which owns 90% of the Wheeler River uranium mine development project, rose 10% in early trading on Feb. 9. That comes on the heels of a notable price move the day before, which has some uranium industry watchers thinking that short-squeeze issues might be at play in some fashion. Like yesterday, other uranium miners rose today, as well, though none had reached the 10% level by 11:30 a.m. EST. So what

All in, there’s really no way to tell exactly what’s moving the uranium market or Denison right now. There’s conjecture, but not a lot of material news. However, there has been news out of Denison.

On Feb. 8 the company announced a $24 million investment budget as it restarts work on the environmental assessment for the Wheeler River project. And today it announced results from earlier exploration efforts. Image source: […]

Hot Stock on Spotlight: Uranium Energy Corp. (UEC)

Hot Stock on Spotlight: Uranium Energy Corp. (UEC)

Uranium Energy Corp. (UEC) exchanged 204056 shares on hands in most recent trading session and observed an average volume with 3308.1K shares. The stock acknowledged active focus on shares in the current trading session. UEC disclosed a change of 6.00% and its listed share value at $2.12 in the recent trade transaction. This company belong to USA Country and part of Energy sector. It has a market capitalization of $380.66M. Using market capitalization to display company size because this is basic factor of different characteristics to develop the investors’ interests including risk.

PERFORMANCE REVIEW:

UEC revealed weekly performance of 9.29% and shown yearly performance of 130.60%. The stock moved to 94.17% in last six months and it maintained for the month at -3.38%. The stock noted year to date performance at 13.64% and changed about 119.08% over the last three months. The stock’s price situated at -2.30% from 52 […]

Why Did Denison Mines, Energy Fuels, and Uranium Energy All Rise by at Least 10% Today?

Why Did Denison Mines, Energy Fuels, and Uranium Energy All Rise by at Least 10% Today?

What happened

Shares of Denison Mines ( NYSEMKT:DNN ), which is developing a uranium mine in Canada, saw its shares jump roughly 10.5% by 1:30 p.m. EST. Also heading higher were Energy Fuels ( NYSEMKT:UUUU ) and Uranium Energy ( NYSEMKT:UEC ), up 12% and 10%, respectively, at their peaks. Industry giant Cameco ( NYSE:CCJ ) also got in on the act, but to a lesser degree, rising by around 6% at its highest point. So what

There’s really not a whole lot going on here, with the only material news being an update from Denison on its mine development plans. The company, which owns 90% of the Wheeler River uranium mine project, approved a $24 million budget as it looks to restart the environmental assessment process. Denison’s piece of the total cost is $19.4 million. This is an interesting update on Denison’s Wheeler River dig and might explain […]

NA Proactive news snapshot: BioLargo, Standard Uranium, Vuzix, Newrange Gold UPDATE …

Your daily round-up from the world of Proactive BioLargo Inc (OTCQB:BLGO) announced Monday that its wholly-owned subsidiary ONM Environmental has acquired a deodorizing and sanitizing technology called EcoMist, that helps raise the customer-care bar for solid waste collectors to treat all types of waste receptacles in real-time during pick up. The company noted that EcoMist is a device installed directly onto any waste collection vehicle that automatically sprays odor control products and/or sanitizer into refuse bins or dumpsters during the waste collection process.

Standard Uranium Ltd (CVE:STND) (OTCQB:STTDF) (FRA:FWB:9SU) announced that it has begun its Phase II winter drill program at the company’s flagship 25,886-hectare Davidson River Uranium Project in Saskatchewan’s Southwest Athabasca Uranium District. The company noted that the winter program will consist of approximately 4,500 metres (m) of diamond drilling in nine holes, with the objective of making a basement-hosted, high-grade uranium discovery.

Vuzix Corporation (NASDAQ:VUZI) has announced that […]

Uranium Week: Uranium Equities In Focus

Uranium Week: Uranium Equities In Focus

Despite the uranium spot price continuing to move in a tight range, uranium equities continue on an upward trajectory.

-Equity market excited about a better outlook for uranium prices
-Nuclear energy recognised as an essential element of the clean energy mix
-Uranium spot price falls marginally

Equity markets are increasingly recognising the requirement for further investment in uranium mines. Since Shaw and Partners last reviewed ASX-listed uranium stocks at the end of November, the sector is up over 100%.At a virtual uranium conference for institutional investors and dealers, the investment management firm assessed the longer-term fundamentals for the sector are becoming increasingly appealing. Nuclear energy is now recognised as an essential element of the clean energy mix, which potentially enables nuclear power to increase its contribution from currently around 10% of global electricity. Consensus believes uranium demand needs to increase by over 100% from current levels by 2050 […]

Denison Announces Ramp-Up of Wheeler River Evaluation Activities in 2021

Denison Announces Ramp-Up of Wheeler River Evaluation Activities in 2021

Denison Mines Corp. is pleased to announce its 2021 evaluation program plans for the Company’s 90% owned Wheeler River Uranium Project including additional field testing activities to support the further de-risking of the application of the In-Situ Recovery mining method at the high-grade Phoenix uranium deposit . View PDF Version The Wheeler River Joint Venture has adopted an approach to advancing the Project …

Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE: DNN) is pleased to announce its 2021 evaluation program plans for the Company’s 90% owned Wheeler River Uranium Project (“Wheeler River” or the “Project”), including additional field testing activities to support the further de-risking of the application of the In-Situ Recovery (“ISR”) mining method at the high-grade Phoenix uranium deposit (“Phoenix”). View PDF Version

The Wheeler River Joint Venture (“WRJV”) has adopted an approach to advancing the Project whereby completion of a formal Feasibility Study (“FS”) would […]

What is Halloysite

Halloysite is an aluminosilicate clay mineral with the empirical formula Al2Si2O5(OH)4. Its main constituents are oxygen (55.78%), silicon (21.76%), aluminium (20.90%), and hydrogen (1.56%). Halloysite typically forms by hydrothermal alteration of alumino-silicate minerals.[4] It can occur intermixed with dickite, kaolinite, montmorillonite and other clay minerals. X-ray diffraction studies are required for positive identification. It was first described in 1826 and named after the Belgian geologist Omalius d’Halloy. The hydrothermal alteration of a mineral of c-Si2Pis. It was subsequently renamed as XF-C-S, and was also named for a new genus of X-ray ionars.

A sample preparation of Halloysite is reported in R.M. Bionge. The hydrothermal alteration for Halloysite is discussed in the “Icologia”, “D. D. Hutton”, “T. Wigan”, “N. Licht” and “L. Grievere”.[5]

Halloysite is a clay mineral with a secondary constituents which have a significantly larger number than the other two, and at a higher level it is much faster to be produced for other minerals than to be produced for the first time. It is also a highly toxic material at a higher stage.

The mineralization is discussed in B. V. Hutton, “Licht, T., Licht, P. C. C. C” (2007, 2007, 1979).

Samples of Halloysite were used by geophysicist Dr. Richard V. D’Amore to determine the presence and concentration of Halloysite in various types of deposits.

The mineralization was measured on a CO 2 -a.b. geophysicist.

It is also demonstrated that the natural process of formation is called the “Monsieur” by the geophysicist Dr. D’Ampecs. (2010)

In the laboratory, the natural process of formation in geophysicist Dr. Richard V. D’Ampecs was studied over several years, in several stages, to understand the formation of a naturally occurring mineral. As a consequence of their discovery, it is believed to form the first ever described compound, as described by Dr. D’Ampecs. (2011, 2010).

Since the earth is not a mixture of rocks, the rocks themselves must be formed by various processes (e.g. formation of lava or lava by the earth, formation of a volcanic rock, process of lava formation, erosion of the rock, the formation of sand, rock formation and mud, rock formation and mudfall on Earth, and so on) as described by the geophysicist Dr. Richard V. D’Ampecs, “Monsieur: A. B. D.” (2013, 2013).

In the case of Halloysite, the natural process of formation is the process of forming a liquid material. On the contrary, the process of formation involves the formation of a liquid material, called a basaltic liquid, which is composed of a thin, solid water (liquid water is the liquid created from water) and the liquid is formed by a medium-long solid solid, called a liquid substance. A liquid substance is formed by adding a water-like liquid to a hard, liquid-soluble liquid.

The basaltic liquid is one part of a solid liquid which, in the case of Halloysite, contains an extremely low concentration of liquid water. These fluids have a very poor composition which is associated with surface pressure, and the size and quantity of water required to form a solid solid is not available. In the case of Halloysite in this case, the surface is relatively small but the size, the diameter and number of rocks have been chosen to make a solid solid surface. The thickness and density of the surface of a solid surface, when combined, indicates the size and density of a solid surface. The thickness of a solid surface is of course only known to a geophysicist, but that is why there has been no attempt to determine the density or density of a solid solid surface. Furthermore, the density has never been measured, so there must be a minimum distance between liquid water and the surface of the solid rock. Because of the depth of the liquid water in this case it is presumed that these water-like surfaces are actually the surface of another solid surface or the basaltic surface. On the contrary, these basaltic surfaces are in fact the basaltic surface of the rock. Therefore to provide enough water to fill a basin, a basaltic solid surface is required to fill the basin. The basaltic surface has a relatively high density but not the density that the basaltic rocks have been created. The basaltic bottom was constructed by mixing a liquid medium with a large surface water, mixed in a thin water medium, mixed in a thin water-soluble, mixed in a thin water-soluble mixed with the rock, and mixed in a solid-soluble mixed with the rock. The surface of the basaltic surface has a large depth but not the density that the basaltic rocks have been created for. The surface of Halloysite has a relatively high density but not the density that the basaltic rocks have been created of.

Purepoint Uranium : Athabasca Basin Exploration Update - February 2021

Purepoint Uranium : Athabasca Basin Exploration Update – February 2021

MONTHLY ATHABASCA BASIN EXPLORATION UPDATE

February 2021

Nuclear Power in Canada About 15% of Canada’s electricity comes from nuclear power, with 19 reactors mostly in Ontario providing 13.5 GWe of power capacity.

Canada had plans to expand its nuclear capacity over the next decade by building two more new reactors, but these have been deferred. For many years Canada has been a leader in nuclear research and technology, exporting reactor systems developed in Canada as well as a high proportion of the world supply of radioisotopes used in medical diagnosis and cancer therapy. UxC Consulting Spot Price(US$)Change of -$0.76/lb U3O8UxC Consulting Long-Term Price(US$)UnchangedThe Canadian Nuclear Association estimates that the Canadian nuclear industry employs approximately 30,000 people, and creates another 30,000 jobs indirectly through contracting. The industry generates revenues of approximately $6.6 billion and contributes $1.5 billion in federal and provincial taxes.In recent years there have been two notable […]

Global Uranium Hexafluoride Market Insights With Statistics and Growth Forecast 2021 to 2026 | Arkema, Asahi Glass, Saint-Gobain, Gujarat Fluorochemicals

Market are spread out over numerous pages and provide the latest industry data, market future trends, enabling products and end users to drive revenue growth and profitability. Market reports list the study key competitors and provide strategic industry analysis of key factors affecting market dynamics. This report begins with an overview of the Uranium Hexafluoride market and is available throughout development. It provides a complete analysis of all regional and major player segments that provide insight into current market conditions and future market opportunities along with drivers, trend segments, consumer behavior, price factors and market performance and estimates over the forecast period. The report will be offering a significant insight while shedding light on the key players Arkema, Asahi Glass, Saint-Gobain, Gujarat Fluorochemicals actively participating and contributing to the growth of the global Uranium Hexafluoride market. Further, it includes insights provided by the analysts and experts about the financial […]

Uranium Participation : Feb 04, 2021 Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021

Uranium Participation : Feb 04, 2021 Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021

TSX Trading symbol: U

TORONTO, Feb. 4, 2021/CNW/ – Uranium Participation Corporation (‘UPC’) (TSX: U) reports its estimated net asset value at January 31, 2021 was CAD$656.5 millionor CAD$4.87per share. As at January 31, 2021, UPC’s uranium investment portfolio consisted of the following: View PDF version (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: Uranium oxide in concentrates (‘U 3 O 8 ‘) 16,269,658 lbs $ 613,382 Uranium hexafluoride (‘UF 6 ‘) 300,000 KgU $ 37,190 $ 650,572 U 3 O 8 fair value 1 per pound: – In United States dollars $ 29.50 UF 6 fair value 1 per KgU: – In United States dollars $ 97.00 1 Fair values are month-end spot prices published by Ux Consulting Company, LLC, translated at the Bank of Canada’s month-end daily exchange rate of $1.2780. On the last trading day of January 2021, the common shares […]

Perfect Conditions For Uranium To Shine?

Perfect Conditions For Uranium To Shine?

Hopes are high that 2021 will confirm the start of a new bull market in uranium.

Many people are predicting that in the near to mid-term the nuclear fuel could see plenty of screens glowing green in the best way possible.

Fans of the heavy metal are quietly confident that the classic combination of reduced supply and increasing demand will be a winning formula for both the element’s spot price and the wider uranium industry.

The high expectations for the uranium market come amid gains in the wider mining and commodities sector with Mining.com proposing that a ‘post-pandemic supercycle in commodities demand’ had contributed to a new record high of $1.3 trillion market capitalisation for the world’s 50 most valuable mining companies.There are encouraging signs that conditions are ripe for uranium to lead the commodities pack. In a wide ranging YouTube interview , Justin Huhn, founder of Uranium Insider Pro , […]

Financial Market โ€“ Uranium stocks show strength atop Reddit-fueled metals market volatility

Financial Market – Uranium stocks show strength atop Reddit-fueled metals market volatility

The Rossing joint venture near Arandis, Namibia, is one of the oldest and largest uranium mines in the world and one of the uranium supply sources that has been affected by COVID -19.
Source: Christian Ender/Getty Images News via Getty Images

Uranium equities have had a banner start to the year as positive business fundamentals seemed to collide with the chaos of Reddit-fueled market chaos.
Shares in Cameco Corp. jumped above $14 for the second time in 2021 during the week of Feb. 1, increasing year over year from a share price of about $8.30. The company operates the largest uranium-producing mine in the world, Cigar Lake in Saskatchewan, and has suffered significant losses due to production stuttering related to the effects of the coronavirus pandemic. The Global X Funds – Global X Uranium ETF, an exchange-traded fund that […]

Vale reaches disaster settlement, Cameco ups uranium technology interest, and Glencore hands over mining rights

Vale reaches disaster settlement, Cameco ups uranium technology interest, and Glencore hands over mining rights

Eldorado Gold has signed an investment agreement with the Greek government, allowing the company to expand production at its Olympias mine to 650,000 tonnes per year. Courtesy of Eldorado Gold. (Like what you’re reading? Get our weekly recap delivered straight to your inbox each Friday.)

Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed. This week’s headlines include enthusiasm for A.I.-assisted exploration , Eldorado Gold reaching an agreement regarding its Greek operations and Iamgold designing its Côté Gold mine project with autonomous technology in mind.

Vale has agreed to pay 37.7 billion reais ($8.98 billion) in compensation to the state of Minas Gerais for the collapse of the Brumadinho tailings dam in January 2019, as reported by Bloomberg . The agreement is about two-thirds of the initial amount of R$54.6 billion ($13 billion) sought by the government […]

Uranium stocks show strength atop Reddit-fueled metals market volatility

Uranium stocks show strength atop Reddit-fueled metals market volatility

The Rossing joint venture near Arandis, Namibia, is one of the oldest and largest uranium mines in the world and one of the uranium supply sources that has been affected by COVID-19.
Source: Christian Ender/Getty Images News via Getty Images Uranium equities have had a banner start to the year as positive business fundamentals seemed to collide with the chaos of Reddit-fueled market chaos.

Shares in Cameco Corp. jumped above $14 for the second time in 2021 during the week of Feb. 1, increasing year on year from a share price of about $8.30. The company operates the largest uranium-producing mine in the world, Cigar Lake in Saskatchewan, Canada, and has suffered significant losses due to production stuttering related to the effects of the coronavirus pandemic. The Global X Funds – Global X Uranium ETF, an exchange-traded fund that provides investors with broader exposure to uranium mining, booked similar […]

Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021

Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021

View PDF Uranium Participation Corporation Reports Estimated Net Asset Value at January 31, 2021 (CNW Group/Uranium Participation Corporation) On the last trading day of January 2021, the common shares of UPC closed on the TSX at a value of CAD$4.40, which represents a 9.65% discount to the net asset value of CAD$4.87 per share.

About Uranium Participation Corporation

Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates ("U 3 O 8 ") and uranium hexafluoride ("UF 6 ") (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. UPC provides investors with a unique opportunity to gain exposure to the price of uranium without the resource or project risk associated with investing in a traditional mining company. Additional information about Uranium Participation Corporation is available on SEDAR […]

Lotus Resources scoping study for the Kayelekera Project supports a viable long-term uranium operation

Scoping study confirms Kayelekera can be among the first uranium projects to restart production and has a low total initial capital cost of US$50million due to existing infrastructure. A review of historical data identifies two priority target areas – Kayelekera South and Mpata. Lotus Resources Ltd ( ASX:LOT ) has completed a restart scoping study in December quarter that confirms the potential for the Kayelekera Project in Malawi to support a viable long-term uranium operation and also identified multiple near-mine exploration targets.

After completing restart scoping study and identifying targets for drilling, the company has chalked out plans for a number of activities for the current quarter it includes finding ways to reduce power cuts and ore sorting.

During the quarter, the company also completed a $5 million capital raising exercise, which was supported by both new and existing shareholders in Australia and North America. Restart Scoping Study

The company completed […]

Impact of COVID-19 on Uranium Market by 2027 |Kazatomprom, AREVA, BHP Billiton, American Uranium Corp. Inc, Sinosteel

Impact of COVID-19 on Uranium Market by 2027 |Kazatomprom, AREVA, BHP Billiton, American Uranium Corp. Inc, Sinosteel

Uranium Market research report is the new statistical data source added by A2Z Market Research .

Uranium is a silver-white metal chemical element belonging to the lanthanide series of the periodic table. Its chemical symbol is U and its atomic order is 92. Each uranium atom has 92 protons and 92 electrons, 6 of which are valence electrons. Uranium is micro-radioactive, its isotopes are unstable, and uranium-238 and uranium-235 are the most common.

Uranium Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms […]

Vimy Resources (ASX:VMY) assesses potential upside at Mulga Rock

Vimy Resources (ASX:VMY) assesses potential upside at Mulga Rock

CEO & Managing Director, Mike Young Vimy Resources (VMY) is reassessing the possibility of an ancillary base metals circuit at its Mulga Rock Uranium Project

Mulga is Australia’s largest advanced uranium project and is located in the Great Victoria Desert in WA

In the preliminary feasibility study, the company assessed the economics of a base metal plant to recover by-products from the tailing of the uranium plant

Low prevailing prices for those commodities led the subsequent definitive feasibility study to focus primarily on a stand-alone uranium project However, with several economies transitioning towards renewable energy, demand for battery materials has risen and pushed prices higher Vimy is aiming to complete the assessment on the potential upside of including a base metal plant at the project within the first half of 2021 Shares closed 1.14 per cent lower at 8.7 cents Vimy Resources (VMY) is reassessing the possibility […]

Uranium Energy (UEC) โ€“ Research Analystsโ€™ Recent Ratings Changes

Uranium Energy (UEC) โ€“ Research Analystsโ€™ Recent Ratings Changes

→ Are Contact-less Sales In Cannabis The Next Big Investor Cash Out? (Ad) Uranium Energy logo Uranium Energy (NYSEAMERICAN: UEC) has recently received a number of price target changes and ratings updates: 1/27/2021 – Uranium Energy had its price target raised by analysts at Canaccord Genuity from $2.00 to $2.15. They now have a “buy” rating on the stock.

1/26/2021 – Uranium Energy was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Uranium Energy Corp is a US-based junior resource company with the objective of becoming a near-term ISR uranium producer in the United States. The Company controls one of the largest historical uranium exploration and development databases in the US. Through the use of these databases, the Company has acquired advanced uranium properties throughout the southwestern US. The operational management is comprised of pre-eminent uranium mining and exploration […]

Uranium turnaround has companies targeting SA deposits

Uranium turnaround has companies targeting SA deposits

Boss Energy is looking to recommence production at the Honeymoon uranium mine in northeast South Australia. A number of uranium stocks rallied this week amid speculation Joe Biden had included nuclear energy in his clean energy program, delays to planned closures of nuclear power plants in the US driving up demand and concerns of a supply squeeze when nuclear utilities replace existing supply contracts.

Perth-based Boss Energy says it is in discussions with global lenders to secure funds to become Australia’s next uranium producer with the resumption of operations at the Honeymoon mine in South Australia.

The publicly-listed company told the Australian Securities Exchange this week the Honeymoon project required just $82.5 million (US$63.2 million) in capital expenditure to resume, one of the lowest funding requirements of any pre-production uranium project worldwide.

Honeymoon is about 80km north-west of Broken Hill and is one of only four permitted uranium mines in Australia. It […]

Uranium Energy Corp. (NYSE:UEC): Can A Stock Thatโ€™s Down -0.057% YTD Still Be Considered In Win Territory?

During the last session, Uranium Energy Corp. (NYSE:UEC)’s traded shares were 1,932,695, with the beta value of the company hitting 2.24. At the end of the trading day, the stock’s price was $1.75, reflecting an intraday loss of -1.13% or -$0.02. The 52-week high for the UEC share is $2.17, that puts it down -24% from that peak though still a striking +80% gain since the share price plummeted to a 52-week low of $0.35. The company’s market capitalization is $348.35 Million, and the average intraday trading volume over the past 10 days was 4.53 Million shares, and the average trade volume was 3.11 Million shares over the past three months.

Uranium Energy Corp. (UEC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.7. UEC has a Sell rating from none of the analyst(s) out of 5 analysts who have looked at this […]

Resources Top 5: Which ASX tungsten and uranium stocks reached ridiculous highs today?

Resources Top 5: Which ASX tungsten and uranium stocks reached ridiculous highs today?

‘The Fonz’, Arthur Fonzarelli (Henry Winkler) in trademark leather jacket jumps over a shark. Image: Happy Days, ABC TV share

Tungsten companies King Island Scheelite and Tungsten Mining were in-demand stocks

Helium and hydrogen explorer Global Oil and Gas rose on project exploration approvals

Uranium explorer Boss Energy ticks higher as it starts talks with potential lenders Here’s your top ASX small cap resources winners in morning trade Thursday, February 4. King Island Scheelite (ASX:KIS) Shares in the tungsten company were in high demand in Thursday trade after announcing this week a $10m loan from the Tasmanian government.The 10-year loan is to support the development of its high-grade Dolphin project on King Island off Tasmania which contains high-grade amounts of the tungsten mineral scheelite.Tungsten is a key input for ‘national security’ industries such as defence and also in the passenger transport, mining and construction sectors.The US is currently […]

Uranium turnaround has companies targeting Aussie deposits

Uranium turnaround has companies targeting Aussie deposits

Boss Energy is looking to recommence production at the Honeymoon uranium mine in northeast South Australia. A number of uranium stocks rallied this week amid speculation Joe Biden had included nuclear energy in his clean energy program, delays to planned closures of nuclear power plants in the United States driving up demand, and concerns of a supply squeeze when nuclear utilities replace existing supply contracts.

Perth-based Boss Energy says it is in discussions with global lenders to secure funds to become Australia’s next uranium producer with the resumption of operations at the Honeymoon mine in South Australia.

The publicly-listed company told the Australian Securities Exchange this week the Honeymoon project required just US$63.2 million in capital expenditure to resume, one of the lowest funding requirements of any pre-production uranium project worldwide.

Honeymoon is about 80km northwest of Broken Hill and is one of only four permitted uranium mines in Australia. It was […]

Ur-Energy Inc. Announces Proposed Public Offering of Common Shares and Warrants

Ur-Energy Inc. Announces Proposed Public Offering of Common Shares and Warrants

February 2, 2021 ( Source ) — Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (“Ur-Energy”) announced today that it intends to offer and sell its common shares and warrants to purchase its common shares in an underwritten public offering. In connection with this offering, Ur-Energy expects to grant the underwriters a 30-day option to purchase additional common shares and warrants, equal to up to 15% of the number of securities sold in the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the securities in the offering are to be sold by Ur-Energy.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering.

Ur-Energy anticipates using the net proceeds from the offering to maintain and enhance operational readiness, for possible future acquisitions […]