China to Need 1,000 Nuclear Reactors as Part of Climate Pledge?

China to Need 1,000 Nuclear Reactors as Part of Climate Pledge?

China could need about 1,000 nuclear reactors, 500,000 wind turbines or 50,000 solar farms as it gears up to fight climate change. Currently, 23 nuclear reactors are built in the country, with a further 26 under construction.

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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

Northern Uranium Produces Favourable Results in First Hole

Northern Uranium (TSXV:UNO) reports that drilling in underway at its Maguire Lake project, with the bedrock intersected at a depth of 21.5 meters. Samples taken from drill cuttings property show an increased presence of uranium 232, 234, 235 and 238.

Ur-Energy Completes Final 2014 Sales Contract

Ur-Energy (TSX:URE,NYSE MKT:URG) announced that it has fulfilled all of its 2014 term sales contracts with final product delivered in mid-November. In total, Ur-Energy has sold 517,760 pounds of U3O8 for a revenue of $26.5 million. The company also said it has no plans to issue additional securities or obtain additional funding.

Noka Resources Engages Geologic Consultants for Lodgepole Project

Noka Resources (TSXV:NX,FWB:2NK) announced that it has hired TerraLogic Exploration as geological consultants for its Lodgepole uranium project. The 10,400 hectare property straddles the Athabasca Basin along the southern reaches of Cree Lake with an established potential for shallow, unconformity hosted uranium mineralization.

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Company Videos

Kivalliq Energy CEO: Building Value in Current Market Conditions

Kivalliq Energy (TSXV:KIV) CEO Jim Paterson talks about how Kivalliq is building value in a difficult market, and news catalysts that investors should watch out for. Mr. Paterson encourages investors in the uranium space, that in the current market, “right now, choices are limited, and secondly, they are all undervalued… they are all on sale.”

Dr. Keith Barron Interviewed on Palisade Radio: The Uranium Bottom is In Right Now

Last week, experienced exploration geologist Dr. Keith Barron was interviewed on Palisade Radio regarding his perspective on the uranium sector. Barron believes “the bottom is in right now” for the metal, and that “we will see a very quick double in the spot price for uranium” once Japan’s reactors are turned back on.

Northern Uranium Corp. CEO Chad Ulansky (TSX-V:UNO)

Northern Uranium Corp. (TSXV:UNO) CEO Chad Ulansky spoke to Resource Investing News about the company’s Northwest Manitoba project which was recently optioned from CanAlaska Uranium Limited.

Market News

India Seals Uranium Pact with Australia

Australia will start shipping uranium to India as India joins the international nuclear community after being kept away due to not signing a nuclear non-proliferation treaty.

Japan Warns of Volcano Activity near a Nuclear Plant

Japan issued a warning on Friday that a volcano located about 64 kilometers away from a nuclear plant in southern Japan was showing signs of increased activity, raising concern that a small explosion could be on its way.

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