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Mickey Fulp: A Hopeful Optimist in Today’s Markets

At this year’s Prospectors and Developers Association of Canada conference, Investing News Network spoke with Mercenary Geologist Mickey Fulp, who is hopefully optimistic in today’s resource market.

Mickey Fulp Likes US Uranium Producers

At the Vancouver Resource Investment Conference, Mickey Fulp identified Energy Fuels as a company that will prosper as the uranium price rises.

Company News

Azincourt Uranium signs LOI with Macusani Yellowcake to Consolidate Properties

Azincourt Uranium signs LOI with Macusani Yellowcake to Consolidate Properties

Azincourt Uranium Inc. (TSXV:AAZ) has signed a non-binding letter of intent with Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) which contemplates the acquisition by Macusani of all of Azincourt's adjacent uranium properties on the Macusani Plateau in Peru in exchange for 68,350,000 common shares of Macusani.

Forum Uranium Locates Structural Trends, Radioactivity, Alteration at Clearwater Project

Forum Uranium Locates Structural Trends, Radioactivity, Alteration at Clearwater Project

Forum Uranium Corp.'s (TSX VENTURE:FDC) winter drill program on its 100% owned Clearwater Property has successfully identified five major structural trends with reactivated graphitic shear zones, alteration, and areas of localized radioactivity. These positive results warrant leaving the camp and drill on site to expedite the planning of a follow-up summer program with minimal start-up costs.

Fission 3.0 Identifies Anomaly Cluster, Potential Uranium at Clearwater West

Fission 3.0 Corp. (TSXV:FUU) and its Joint Venture partner, Brades Resource, (TSXV:BRA) announced the results of two surveys at the Clearwater West property in Saskatchewan's Athabasca Basin. Both a high resolution magnetic survey and Fission 3's patent-pending radiometric airborne survey were conducted on the site.

Uranium Energy Corp Reaches Production Permitting Stage for Burke Hollow Project

Uranium Energy Corp Reaches Production Permitting Stage for Burke Hollow Project

Uranium Energy Corp (NYSEMKT:UEC) has filed a mine permit application and aquifer exemption application for its Burke Hollow ISR Project in Bee County Texas. It filed the applications on April 11 of this year with the Texas Commission on Environmental Quality. To date, Uranium Energy has explored 40 percent of the Burke Hollow Property.

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Market News

Weak Buying Still Prevalent in Uranium Market

FN Arena reported that suppliers are becoming increasingly bearish on the price outlook for uranium. According to Trade Tech, a total of five transactions were reported last week, which saw spot prices end lower at US$34 per pound.

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