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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions
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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Ian Lyall reports that uranium mine developer Berkeley Energia Limited unveiled outstanding results from the latest drilling on the Zona 7 portion of its Salamanca Project and sketched out plans to maximize the potential of its land holding in western Spain. The latest work on the near-surface deposit uncovered a 12-meter section of uranium mineralization (U3O8) at 1,003 parts per million (ppm), including one-meter at 2,464 parts per million. A second hole delivered two meters at 2,002 ppm, including a one-meter interval at 3,761 ppm.

These high grade intercepts immediately below Zo... More →
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Find Out More »  |  Open Resource  |  2017/03/19  |  12 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Sean Brodrick reports that it is well known that Kazakhstan, source of 30% of the world uranium supply, has cut its production by 10%. But, no one undercuts the Kazakhs on price, but they are saving some of their resources until the price increases.

Global X Uranium ETF is rising from the rubble. URA rallied big since November. In February, it started pulling back. That consolidation brought it back to nearly a 50% retracement of their move. URA increased above its 50-day simple moving average. This can be seen as a dividing line between bullish and bearish movements, and the URA F... More →
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Find Out More »  |  Open Resource  |  2017/03/18  |  10 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Leia Toovey reports that spot uranium prices declined by one dollar in the week ended March 13 and are now sitting at $24.50. The commodity is holding onto a good chunk of its gains that were experienced after the commodity plunged to a low of just above $17 per lb in late 2016.

The clawback in uranium prices was seen as a response to supply-side change, and prices accelerated their recovery rally in January after major uranium producer Kazakstan announced a significant supply cutback. Prices did steady, and then turn lower in February when suddenly, in just one week, deals dried up... More →
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Find Out More »  |  Open Resource  |  2017/03/18  |  11 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Without a doubt, 2016 was one of the toughest years in recent memory for the uranium industry, in particular, prices dropped to 12-year lows to $18.75 per pound in October, and reactors have been slow coming back online since the 2011 Fukushima damage via tsunami.

Of course, a number of companies in the sector have also felt the ramifications of the low price. Ted OConnor, CEO of Plateau Uranium, said that the resource sector had been in the worst downturn seen in decades at the end of 2016, and we were seeing classic bottom of market events. What is more, OConnor added that you can... More →
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Find Out More »  |  Open Resource  |  2017/03/14  |  20 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Ryan Heinsius reports that the U.S. EPA has awarded a grant to Dine College to study abandoned uranium mines. It will allow students on the Navajo Nation to develop cleanup strategies at 50 of the most dangerous sites.

Through the $380,000 grant, students will assist federal officials with assessment in the Cove Watershed area of northeastern Arizona. They will study streams, unregulated wells, and livestock watering areas to determine levels of radiation contamination and heavy metals.

The claim has been made that uranium has affected almost every segment of social life... More →
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Find Out More »  |  Open Resource  |  2017/03/14  |  11 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Michael K. Murphy opines that it is obvious to even the most casual observer that the new administration plans to pursue a much different agenda for environmental regulation and domestic energy production than the prior administration. Similarly, it is predictable that conflicts will arise between the new administration and blue states like California, New York and Massachusetts.

These conflicts inevitably will result in litigation, and indeed, the red states previously sought protection from the courts to limit the scope and reach of the Obama U.S. EPA in the name of federalism. N... More →
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Find Out More »  |  Open Resource  |  2017/03/14  |  16 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Ray W reports that a large uranium mine planned for Greenland would produce 100 million tonnes of ore, drilled, loaded, crushed, and processed to extract uranium and rare earths. An environmental report by Dr. Nyheder revealed that there will be an open-pit mine in Kvanefjeld in S. Greenland, which is located near a small village of Narsaq. The operations will include employment and new infrastructure never before realized.

The plan is for 3 million tonnes of ore per year to be mined. In addition to the mine, there are plans for two processing plants, a new port for unloading raw ma... More →
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Find Out More »  |  Open Resource  |  2017/03/13  |  18 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

India and Mongolia plan to begin governmental talks in Mid-2017 on trading in uranium, a mineral abundant in the land-locked Asian country and a key attraction for New Delhi as it seeks new sources of fuel for its ever-growing chain of nuclear plants by needing a tighter partnership with a nation on the periphery of China. But also, Mongolia will be testing its traditional dependence on China by increasing its engagement with other countries i.e., going beyond China dominion.

Mongolia has a long history of uranium exploration commencing with joint Russian and Mongolian endeavors fro... More →
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Find Out More »  |  Open Resource  |  2017/03/13  |  18 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Tom Lydon, of ETF Trends, opines that after a multi-year run of disappointing investors, the Global X Uranium ETF, which holds uranium miners, started rebounding in significant fashion in the 4th quarter. That ebullience has carried into 2017 with the uranium exchange traded fund higher by more than 23%.

However, investors still need to approach URA with some caution. For example, URA has pulled big in a big way after touching a 52-week high. From that high above $19, URA now resides closer to $16, a decline that took just a few weeks to materialize.

Adding to the recent ... More →
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Find Out More »  |  Open Resource  |  2017/03/13  |  19 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

The U.S. Department of Energy is asking for comments and information about a possible change in its transfers of uranium for cleanup services at the Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. DOE is considering a new Secretarial Determination covering potential continued transfers and issued a Request for Information last July seeking information about uranium markets and domestic uranium, conversion, and enrichment industries and the potential effects of DOE uranium transfers on the domestic industries.

The agency also commissioned an independent analysis of the potentia... More →
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Find Out More »  |  Open Resource  |  2017/03/13  |  16 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Uranium One Inc.reported headline revenue of $314.6 million for 2016. Attributable revenue was $405.7 million for 2016 based on sales of 13.5 million pounds of produced material at an average realized sales price of $27 per pound sold of produced material, with an average cash cost per pound sold of produced material at $9 per pound. Attributable production for 2016 was 12.7 million pounds.

Total attributable production during 2016 was 12.7 million pounds, compared with total attributable production of 12.5 million pounds during 2015. The average total cash cost per pound sold of pr... More →
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Find Out More »  |  Open Resource  |  2017/03/12  |  21 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Paul Garvey reports that Labor victory in the West Australian election has cast a shadow over the state uranium sector, with the industry urging the incoming government to keep the door open for the most advanced uranium projects. Labor went to the polls on a platform opposed to the development of uranium projects, with the exception of any proposal that had already received government approvals.

The WA uranium projects of ASX-listed duo Vimy Resources and Toro Energy, along with Canadian uranium heavyweight Cameco, were all approved by Colin Barnett government in the months leading... More →
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Find Out More »  |  Open Resource  |  2017/03/12  |  16 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Heather Janssen reports that plans for uranium mining near the South Dakota-Wyoming border are moving forward. The U.S. Environmental Protection Agency has issued two draft permits for underground injection. If finalized, the Dewey Burdock Project miners would drill holes to tap water, add oxygen and carbon dioxide, and send the solution to underground ores to recover uranium.

Project officials say these draft permits prove the project is safe. Mark Hollenbeck, project manager, says that it proven technology. Four or five of these are currently operating in Wyoming. One just across ... More →
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Find Out More »  |  Open Resource  |  2017/03/12  |  10 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

David Stanway and Kathy Chen report that China will expand its strategic uranium reserves as part of its five-year plan for 2016-2020, with the aim of ensuring it has enough fuel to supply the large program of new nuclear reactors. Beijing, which began stockpiling uranium in 2007 and is estimated by the World Nuclear Association to have 74,000 tons of inventory, or about nine years of current demand, does not disclose details of its reserves so this number may be speculation.

However, demand is expected to outstrip domestic supply in coming years and a move to increase reserves coul... More →
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Find Out More »  |  Open Resource  |  2017/02/25  |  23 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

In terms of supply, the largest miner of uranium in the world, Cameco announcement in April (2016) that it would be halting production at its Rabbit Lake mine, the longest-running uranium mine in Saskatchewan, has no doubt impacted the industry. The company had previously set a target for production in 2016 at 30 million pounds of uranium, which has since changed to 25.8 million pounds.

The outlook for the 2017-2018 uranium market is hopeful. Chang said Cantor Fitzgerald concludes that prices will be flat to slightly higher in 2017, as the carry trade continues to push emerging unco... More →
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Find Out More »  |  Open Resource  |  2017/02/25  |  27 Report Broken   Tell A Friend

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Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Jocelyn Aspa reports that the uranium price has seemed to be on its way to a recovery. Kazakhstan plans to cut production buoyed the sector, and as of February 1 uranium was at $26.68 per pound, up 32% year-to-date. However, more recently the uranium price has slid back, and as of February 20 it stood at $24.50.

Given the uranium market underlying fundamentals, its inability to rally is not unexpected. The 2011 Fukushima incident has pushed the commodity into oversupply, and uranium inventory currently stands at about 1.4 billion pounds worldwide, according to UxC.

Global... More →
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Find Out More »  |  Open Resource  |  2017/02/25  |  22 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Rosatom international mining division, Uranium One Inc., has increased its production of uranium by 1.8% to about 4,900 metric tons in 2016, the division said in its annual report on February 15. Deputy Director of the ARMZ Uranium Holding Marina Liborakina said in mid-September, that Rosatom uranium subsidiary was expected to mine 3,000 metric tons of uranium in 2016. The annual report has not been published to date.

Total Russian uranium production in 2016 was 7,900 tonnes (including 4,900 tonnes produced abroad). Rosatom, is the third largest world uranium producer and is in seco... More →
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Find Out More »  |  Open Resource  |  2017/02/21  |  21 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Jocelyn Aspa reports that the uranium price has soared 30% since the start of 2017 and is now at approximately $26 per pound U3O8. In addition to the apparently good news coming from the new administration, other countries also have plans to invest in nuclear energy, and FocusEconomics concludes that as more nuclear reactors come online around the world, excess uranium supply will ease, providing even more price support.

In total, over 60 nuclear reactors are currently under construction in 15 countries around the world (mostly in China and India), while 440 are now operating in 31 ... More →
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Find Out More »  |  Open Resource  |  2017/02/15  |  24 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Alastair Ford reports that UEX Corporation has released results from the first four holes of a current campaign at the Christie Lake uranium project in Saskatchewan. Among the hits was one from hole CB-109 which returned a composite assay grade of 22.81% U3O8 over 8.60 metres (25.8 feet) from depths of 475.1 metres (1,425.30 feet) to 483.7 metres (1,451.10 feet), by far the highest grade hole ever drilled on the Christie Lake Project.

Other holes also reported high-grade material, including intercepts of 6.29% eU3O8 over 7.40 metres (22.2 feet) from 471.85 to 479.25 metres and 3.25... More →
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Find Out More »  |  Open Resource  |  2017/02/14  |  17 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Greg Wajda opines on which driver of Uranium will be the next to strike. It appears the momentum of the Kazakhstan production cut announcement gave Uranium has faded. What is left to continue the rally?

Wajda considers the possible upcoming catalysts for Uranium to be ...

1. Japan reactor restart
2. Russian/other state production cuts
3. China/India/US reactor announcements/starts/progression
4. Momentum from the stock/financial side

Regardless of the economics, the fundamentals of Japan energy dependency on imported fuels, the restarting of Japa... More →
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Find Out More »  |  Open Resource  |  2017/02/10  |  23 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Caleb Gibbons reports that uranium stocks have garnered a lot of attention this far in 2017. Little wonder, as the uranium plays are up nearly 60% since the deemed pro-nuclear Trump was elected in November 16?.

2017 +27%,
2016 -1%,
2015 -37%,
2014 -23%,
2013 -21%,
2012 -19%,
2011 -60.%

From inception (11/4/2010), The uranium ETF is down 79.5% cumulative from inception in 2010. U3O8 spot price currently trades as $25.31.lb. down 81.4% from the 2007 high of $136/lb. The merit of nuclear power on metrics of both energy security and a low-... More →
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Find Out More »  |  Open Resource  |  2017/02/06  |  25 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Malcolm Shaw blogs about the recent upturn in uranium activities worldwide. Uranium stocks have been busy digging themselves out of the basement in a very rapid fashion. This is an industry that was pretty much left for dead by late October last year... and then, all of a sudden, something changed. Was it the U.S. election and pro-nuclear comments? Maybe. Was it that every other commodity had rallied already and uranium was overdue to play catch up? Maybe. Was the rally helped along by a new Kazakh approach to the market (clearing sales through Switzerland) and the subsequent telegraphing of t... More →
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Find Out More »  |  Open Resource  |  2017/02/02  |  35 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Blue Sky is focusing its uranium exploration efforts on southern Argentina. The Company concludes that the region is underexplored, with excellent potential for near-surface uranium resources (for open-pit mining) with rapid low-cost development potential. The new Federal Government has made public its support for the development of a domestic uranium supply to support the plans for expanding the nuclear energy capacity of the country, providing an excellent potential first customer for any new operation. The World Nuclear Association reports that ...

1. Argentina has three nuclear ... More →
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Find Out More »  |  Open Resource  |  2017/01/30  |  29 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Maurice Walsh reports that sixty years later, the dream is that it will provide the key to Greenland independence. Since 2009, the island has been an autonomous division within Denmark, giving its 56,000 inhabitants control over local resources. The idea of independence within a generation or two is the dominant theme of local politics, even if the price of breaking free would be an annual Danish subsidy worth some $7,500 a head.

There are few options when it comes to replacing that money. Fishing already accounts for more than 90% of Greenland exports. But in the last decade, minin... More →
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Find Out More »  |  Open Resource  |  2017/01/28  |  30 Report Broken   Tell A Friend

Index / Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, Acquisitions

Windhoek-Swakop Uranium produced its first drum of uranium ore concentrates (yellowcake) from its Husab mine on the evening of Friday, December 30, 2016. Capital investment in the project to date exceeds US$2 billion. Speaking at a presentation to mark the occasion, CEO Zheng Keping indicated that the Husab mine is in production, bringing new vigour and vitality to the ancient Namib desert.

The first production marks a significant milestone in development of the mine, which began 10 years ago. The initial exploration and discovery took place in 2006. Following resource definition a... More →
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Find Out More »  |  Open Resource  |  2017/01/27  |  25 Report Broken   Tell A Friend
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