Monsters of Rock: Uranium bulls are getting excited, but Rio-backed miner is after more cash so it can CLOSE

Monsters of Rock: Uranium bulls are getting excited, but Rio-backed miner is after more cash so it can CLOSE

Rio’s uranium miner ERA confirms it will be chasing more cash to fund the restoration of its Ranger uranium mine

ERA revealed major cost blowouts for the project to rehab the NT operations in February

Gold Road close to completing takeover of DGO after hitting compulsory acquisition mark

Uranium bulls are pretty excited right now.The nuclear fuel has a new lease on life as a mooted solution to the issue of providing firming electricity as the rollout of wind and solar expands and western governments try (though at this point they seem to be largely failing) to wean themselves off fossil fuels.Spot prices may have fallen from above US$60/lb a couple months ago to US$47.50/lb, but that makes the sector a whole lot more investable now than it did five years ago, when prices of US$18/lb made turning a profit in the field a nigh on impossible task.Case in […]

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