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

Uranium is one of the more common elements in the Earth crust, and is often said to be some 40 times more common than silver and 500 times more common than gold. Uranium ore deposits are found globally, with the largest-known recoverable resources found in Kazakhstan, Canada, Australia and South Africa.

The metal is so abundant that it occurs naturally in small quantities almost everywhere, including soil, rivers, oceans and rocks. The challenge, however, is to find areas with concentrations adequate enough to form an economically viable deposit or, better yet, a a so-called world-c... More →
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Find Out More »  |  Open Resource  |  2016/01/13  |  278 Report Broken   Tell A Friend

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

Uranium is a relatively common element in the crust of the Earth. It is a metal approximately as common as tin or zinc, and it is a constituent of most rocks.
Some typical concentrations .....

Very high-grade ore (Canada) greater than 20% U, (or 200,000 ppm U)
High-grade ore ... 2% U, (or 20,000 ppm U)
Low-grade ore ... 0.1% U, (or 1,000 ppm U)
Very low-grade ore (Namibia) ... 0.01% U, (or 100 ppm U)
Granite    ... 3-5 ppm U
Sedimentary rock ... 2-3 ppm U
Earth continental crust (av) ... 2.8 ppm U
Seawater .... 0.003 ppm U... More →
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Find Out More »  |  Open Resource  |  2015/12/18  |  196 Report Broken   Tell A Friend

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

Greg Klein reports that nuclear electricity output is set to increase at a faster rate over the next five years than the past two decades, the World Nuclear Association told a London symposium on September 10, 2015.

Global nuclear generation capacity should expand from the current 379 gigawatts-electric to 404 GWe by 2020 and 552 GWe by 2035, according to the reference scenario of a WNA study presented at the conference. The report also provided two other projections. The upper scenario sees capacity rising to 429 GWe in 2020 and 720 GWe in 2035. A worst-case scenario sees nuclear... More →
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Find Out More »  |  Open Resource  |  2015/09/11  |  228 Report Broken   Tell A Friend

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

The World Nuclear Organization just updated its statements on the world supply of uranium. Current usage is about 66,000 tU per yr. Thus the world present measured resources of uranium (5.9 Mt) in the cost category around 1.5 times present spot prices and used only in conventional reactors, are enough to last for about 90 years. This represents a higher level of assured resources than is normal for most minerals.

Further exploration and higher prices will certainly, on the basis of present geological knowledge, yield further resources as present ones are used up. An initial uranium... More →
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Find Out More »  |  Open Resource  |  2016/09/16  |  191 Report Broken   Tell A Friend

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

Trevor Metcalfe reports that with political opposition from current governor, Terry McAuliffe, it is a time of wait and see priorities for the Coles Hill uranium mining project in Pittsylvania County, according to project manager Patrick Wales. It has been pretty clear that at least at the current time, the governor is not interested in entertaining any current legislation, Wales said, to the detriment of the local citizens and businesses.

The proposed project would build and operate mining and ore processing facilities near Chatham to extract a world-class 119-million-pound uranium... More →
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Find Out More »  |  Open Resource  |  2015/05/15  |  176 Report Broken   Tell A Friend

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

Daryl Montgomery reports that while energy investors have had their attention glued to the oil and natural gas markets in 2016, they may want to pay more attention to the uranium market in 2017. WTI Oil near-term futures bottomed at just over $26 per barrel in mid-February and peaked in the mid-50's before the end of the year. Natural gas prices also more than doubled from their bottom in early March to their high in late December. Uranium, on the other hand, was the left out member of the energy complex. The commodity did not confirm a possible bottom until the end of November 2016. Uranium s... More →
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Find Out More »  |  Open Resource  |  2017/01/27  |  94 Report Broken   Tell A Friend

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

Antonio Farzan opines that it is understandable that environmentalists are worried that the Obama administration moratorium on uranium mining in the area surrounding the Grand Canyon could be up next on the chopping block. That moratorium was announced by the Department of the Interior in 2012, and banned new uranium claims until 2032. Existing claims and mines were unaffected.

It was good news to environmental groups like the Grand Canyon Trust, the Sierra Club, and the League of Conservation Voters, who had spent years pointing out the environmental hazards of uranium mining, part... More →
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Find Out More »  |  Open Resource  |  2017/05/31  |  47 Report Broken   Tell A Friend

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

Globalization, urbanization, population expansion, aging infrastructure, and tightening environmental regulations are taxing the current electrical generating capacity. Meanwhile, demand for electricity in the U.S. is projected to increase 21% by 2040. Replacing retiring generating plants while providing 340 GWe of new capacity over the next 25 years makes the search for affordable, emission-free, and carbon-free clean energy urgent and immediate. Principal features involved in selection of SMRs -

Downsized, simplified reactors are poised to reinvent nuclear energy and bring deliver... More →
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Find Out More »  |  Open Resource  |  2015/10/26  |  150 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  |  95 Report Broken   Tell A Friend

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

By Harikrishnan Tulsidas, 2009, IAEA
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Find Out More »  |  Open Resource  |  2010/01/21  |  276 Report Broken   Tell A Friend

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

Joe Reagor reports that there are two parts to why the the spot price of uranium has not recovered. First is the uranium spot market has been rather tight in terms of overall % of production, and there have been some nuclear plant closures in addition to shutdowns in Japan after Fukushima. Add to that uranium production growth that has come on-line and ramping up production and creating a larger amount of spot uranium to be sold into a weak market. The Cameco Corp. Cigar Lake is an example of that. Extra pressure is building on the spot market, but contract pricing has remained relatively stro... More →
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Find Out More »  |  Open Resource  |  2016/12/29  |  89 Report Broken   Tell A Friend

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

Greg Klein reports that two high-grade eastern Athabasca Basin uranium deposits could form a single mining operation producing over 16 years, according to the Wheeler River joint venture PEA. Operator Denison Mines released the figures from a study that incorporates the McClean Lake mill and bases its numbers on a conservative price forecast.

McClean Lake expansion should provide excess capacity of six million pounds a year. Using an 8% discount rate, the pre-tax NPV comes to $513 million with a 20.4% IRR. The company holds a 60% stake in the JV with Cameco Corp (30%) and JCU (Canad... More →
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Find Out More »  |  Open Resource  |  2016/04/05  |  147 Report Broken   Tell A Friend

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

Vivien Diniz allows that uranium is a fairly common metal, and occurs in most rocks and groundwater in low concentrations of 2 to 4 parts per million. The metal (element) was discovered in 1789 by Martin Klaproth, a German chemist, in a mineral called pitchblende and was named after the planet Uranus, which had been discovered several years prior.

Uranium, when refined, is a silvery white metal that is weakly reactive. It does, however, react with most non-metal elements and their compounds, except noble gases. The metal has reactive properties that increase with temperature.
<... More →
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Find Out More »  |  Open Resource  |  2016/02/03  |  201 Report Broken   Tell A Friend

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

Toni Eerola (2009) reports that the Finnish movement against uranium exploration has generated a number of articles and web-sites. The new aspect are academic thesis on the subject. One of these is related with the framing (propaganda) used by the anti-uranium movement of Uusimaa in Finland.

Other two deals with the possible impact on municipality image and tourism caused by a hypothetical uranium mine project at Kouvervaara, Kuusamo. An article dealing with the national movement opposing uranium exploration and mines was also recently published in a book on nimby (not in my backyar... More →
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Find Out More »  |  Open Resource  |  2016/03/12  |  163 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  |  87 Report Broken   Tell A Friend

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

A near-term uranium and vanadium producer, Western Uranium, is focused on advancing toward production at its Sunday Mine Complex located in western Colorado. Over the last few years, it has acquired a significant portfolio of uranium and vanadium mineral assets in Colorado and Utah from both Energy Fuels and Black Range Minerals along with the Hansen/Taylor Ranch Project located in south-central Colorado, reported to be one of the largest uranium deposits in the U.S.

Today, WU is the second largest uranium resource holder in the U.S. behind Energy Fuels with 100 million pounds of ur... More →
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Find Out More »  |  Open Resource  |  2016/05/16  |  246 Report Broken   Tell A Friend

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

Western Australia's first uranium mine is likely to be delayed due to the ongoing downturn in demand and prices. Toro Energy has put its Wiluna uranium project on hold as it waits for market conditions to improve. The company began drilling at the project in 2014 and had expected to start operations in 2017. Managing Director, Vanessa Guthrie, said that the project will go forward when prices improves.

Wiluna, 960 kms northeast of Perth, is the first new uranium mine in WA to receive federal government approval since the lifting of a ban on uranium mining in 2008. The project will r... More →
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Find Out More »  |  Open Resource  |  2015/10/04  |  181 Report Broken   Tell A Friend

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

Barry FitzGerald reports that Western Australia has been a hotspot for uranium exploration in recent weeks, with more than 20 million dollars pulled in by ASX-listed juniors to step up work in 2015 in the expectation of higher prices for the nuclear fuel. Toro Energy has pulled in 17.5 million dollars from private equity ­resources fund Sentient for its Wiluna project, and Cauldron Energy has received another 2.53 million dollars under its staged funding agreement with Chinese investor, Starry World Investment, taking the total received s... More →
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Find Out More »  |  Open Resource  |  2015/01/01  |  207 Report Broken   Tell A Friend

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

Uranium One Inc. is one of the world largest uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the U.S. and Tanzania. Uranium One is owned by indirect subsidiaries of State Atomic Energy Company ROSATOM, Uranium One Holding N.V. and JSC U1 Group. ROSATOM is the Russian state-owned nuclear industry operator.

In Kazakhstan, Uranium One Inc. holds a 70% interest in JV SMCC, which owns the Akdala and South Inkai uranium mines, a 50% interest in JV Karatau, which owns the Karatau uranium mine, a 50% interest in the JV Akbastau, which owns the Akbast... More →
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Find Out More »  |  Open Resource  |  2016/08/12  |  137 Report Broken   Tell A Friend

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

Dr. Conca reports that we have more uranium (U) than we need for hundreds of years of nuclear power as a big chunk of our energy generation. Which is critical, since we need to double nuclear power to address climate change and replace coal, even as we ramp up renewables.

We also need to provide an extra 300 billion kWhs each year to charge the 100-million-plus fleet of fully-electric vehicles America needs by 2040 in order to have any chance of putting a real dent in our fossil fuel use.

There is a plethora of U in the world, and more keeps being discovered by the outsta... More →
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Find Out More »  |  Open Resource  |  2017/05/05  |  80 Report Broken   Tell A Friend

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

This review outlines new ways to explore and assess for volcanogenic deposits, using new concepts of convection, fluid mixing, and high heat flow to mobilize uranium from volcanic source rocks and form deposits that are postulated to be large. Much can also be learned from studies of epithermal metal deposits, such as the important roles of extensional tectonics, bimodal volcanism, and fracture-flow systems related to resurgent calderas.
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Find Out More »  |  Open Resource  |  2013/03/27  |  237 Report Broken   Tell A Friend

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

Virginia Uranium, Inc., the Virginia-owned, Virginia-managed company working to bring the economic benefits of uranium development to Virginia and advance the energy independence of America. The U.S. faces a critical shortage of domestically-produced uranium the fuel used to operate its nuclear-powered military fleets as well as the 99 nuclear reactors that provide energy for America. According to the U.S. Department of Energy, more than 90 percent of the uranium needed is imported from foreign sources. Over half of our uranium is imported from unstable countries like Russia, Namibia, Niger, ... More →
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Find Out More »  |  Open Resource  |  2015/09/14  |  215 Report Broken   Tell A Friend

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

Spread beneath 200 acres and reaching depths of more than 1,500 feet, the Coles Hill ore deposit is the largest undeveloped uranium deposit in the United States and the seventh largest in the world. Containing approximately 119 million pounds of uranium oxide, the deposit is estimated to be worth more than $7 billion. Geologists of Marline Uranium Corporation first discovered the deposit in 1978. In 1982, Marline conduced exploratory test drilling at the site to assess the size, grade, and other characteristics of the ore body, and Virginia Uranium verified and expanded Marline’s studies... More →
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Find Out More »  |  Open Resource  |  2012/09/15  |  366 Report Broken   Tell A Friend

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

Steve Szkotak reports that a mining company that wants to tap one of the largest uranium deposits in the world sued Virginia on Wednesday to end a decades-long state moratorium on mining the radioactive ore. Virginia Uranium Inc., which puts a market value of $6 billion on the deposit, filed the lawsuit in U.S. District Court to have the 1982 ban lifted so it can begin mining the 119 million-pound deposit near the North Carolina line.

The Chatham company argues that the state meddled in a matter that should be decided by the Nuclear Regulatory Commission. Virginia officials, the law... More →
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Find Out More »  |  Open Resource  |  2015/08/06  |  227 Report Broken   Tell A Friend

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

Australian uranium firm Vimy Resources has signed legally binding agreements with Resource Capital Fund VI to get the remaining A$25 million ($18.3 million) of a A$30 million ($22 million) funding package. The company secured the $22 million funding package in May this year to finance its Mulga Rock uranium project in Western Australia.

The funding package includes a A$15 million ($11 million) unsecured bridging loan and a A$10 million ($7.3 million) payment in return for a 1.15% royalty. A A$5 million ($3.6 million) placement to RCF VI was undertaken in May.

Vimy Resourc... More →
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Find Out More »  |  Open Resource  |  2015/08/25  |  174 Report Broken   Tell A Friend
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