Uranium Reaches $34 a Pound; Rally Unlikely to Last

Uranium Reaches $34 a Pound; Rally Unlikely to Last

Sorry investors, it's only good news until you scratch the surface. The uranium spot price has climbed 21 percent since May, but it doesn't look like the upward trend is going to last.

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Videos

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

Uranium Energy Corp Reports Positive PEA for Anderson Project

Uranium Energy Corp (NYSE:UEC) announced it had received results of a Preliminary Economic Assessment for its Anderson Project in Arizona. The PEA shows an internal rate of return of 63 percent with average production of more than one million pounds of uranium per annum.

Alpha Exploration Receives Approval on Kelic Lake Uranium Property

Alpha Exploration Receives Approval on Kelic Lake Uranium Property

Alpha Exploration (TSXV:AEX) announced the TSX Venture Exchange had accepted its application to file an oprtion agreement for the Kelic Lake uranium property. The property is located along the inferred southern margin of the Athabasca Basin.

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Company Videos

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

New South Wales Shortlists Companies for Uranium Exploration

Mining Weekly reported that the government of New South Wales has shortlisted six companies that would be allowed to apply for uranium exploration licenses in one of three locations "with possible uranium deposits."

Uranium Showing Steady Signs of a Revival

After a long slump following the Fukushima nuclear disaster in 2011, uranium prices are slowly rising leading analysts to believe the long fall could be drawing to a close.

CNSC Requests Safety Checks in Aftermath off Tailings Breach

CTV reported that Canada's nuclear watchdog, Canadian Nuclear Safety Commission, has asked the uranium mining and milling operations that it oversees to ensure that all necessary inspections and monitoring are in compliance with license conditions.

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