Uranium prices have been less than impressive lately, and investors have been asking, "what's going on?" To learn more about the factors weighing down the uranium market, Uranium Investing News spoke with Rob Chang, analyst at Cantor Fitzgerald, and economical analyst Chris Berry.
What do you get when you consolidate two adjacent uranium assets?
Uranerz Energy has just joined the ranks of uranium producers.
Uranium Energy has moved its third ISR uranium project, Burke Hollow in South Texas, into the production permitting stage.
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.
At the Vancouver Resource Investment Conference, Mickey Fulp identified Energy Fuels as a company that will prosper as the uranium price rises.
Chris Berry, founder of House Mountain Partners, told Uranium Investing News that he still believes in uranium and sees it as "a contrarian's dream."
Azincourt Uranium Inc. (TSXV:AAZ) has agreed to continue funding exploration work into the second year of its earn-in option at its PLN project. The project is operated by Azincourt's joint venture partner, Fission 3.0 Corp (TSXV:FUU), and exploration work will start ahead of the mid June anniversary date, with diamond drill holes planned for summer/fall testing.
Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) has revised its previous guidance and now expects to continue mining at its wholly owned Pinenut Mine through 2014 and into the Q1 of 2015. Energy Fuels previously stated that it expected to place production at the Pinenut Mine on standby by mid-2014, with all ore produced from the mine through mid-2014 being milled at its White Mesa Mill this year.
The Board of Directors of NexGen Energy Ltd. (TSXV:NXE) has adopted a shareholder rights plan effective April 22, 2014. The Shareholder Rights Plan is set to ensure that shareholders of the Company and the Board have adequate time to consider and evaluate any unsolicited bid for the common shares of the Company.
Aldrin Resource Corp. (TSXV:ALN) announced that the initial four (4) drill holes on its Triple M Property in northern Saskatchewan intersected alteration, structures, and breccias zones within a metasedimentary rock succession including elevated radioactivity counts in a graphitic fault zone.
Toro Energy Limited (ASX:TOE) Managing Director Vanessa Guthrie spoke to Resource Investing News about the Wiluna Project, Western Australia’s emerging uranium mine.
Ur-Energy Inc. (TSX:URE,NYSEMKT:URG) Director of Investor Relations Rich Boberg talks about the Lost Creek project in south-central Wyoming.
Macusani Yellowcake Inc. (TSXV:YEL) CEO Laurence Stefan spoke about current uranium prices and said, "we cannot be much better than the market we are in."
UEX Corporation (TSX:UEX) President & CEO Roger Lemaitre, spoke to Resource Investing News at the Prospectors and Developers Association of Canada (PDAC) Convention about their projects with Cameco Corporation and AREVA.
The Economist reported that researchers at MIT, the University of Wisconsin and Chicago Bridge & Iron recently put forward the concept of floating nuclear power stations as a safer means of nuclear power generation.
The Toronto Sun reported that Bruce Power's CEO Duncan Hawthorne is interested in taking over the nuclear power plants in Ontario currently being operated by publicly owned Ontario Power Generation (OPG).
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.
The NewsYork Times reported that Japan is planning to turn over more than700 pounds of weapons-grade plutonium and a supply of highly enriched uranium to the United States.