Iran said it would produce the enriched uranium needed for a medical reactor in Tehran within twelve months, following closely on the heels of the announcement from the country of its commencement to load fuel into its first atomic power plant near the Gulf city of Bushehr.
Tuesday, August 17, 2010
Spot uranium continued to demonstrate upward price movement, increasing $0.75 to $46.00 per pound reported by Trade Tech and $46.50 from UxC trade consultants. The bulk of material was purchased by intermediaries, although utilities, producers, and intermediaries all participated in buying contracts.
With known uranium resources of 499,000 tonnes of U3O8, as well as increasing exploration projects on the horizon, Canada is certain to maintain a significant role in meeting future global demand.
Uranium trade consultants UxC's spot price for uranium ended the month very strongly, indicating spot prices trading at the level of $46.00 per pound as a total of 22 transactions were concluded in July.
Tuesday, July 27, 2010
Overall market indications seem bullish with new buyers emerging over the past several weeks and the number of registered spot market deals climbed as some analysts believe China may double its uranium purchases to around 5,000 tonnes this year to build stockpiles for new reactors.
Platts.com reports Paladin Energy, the Australian uranium miner began its formal A$27 million (US$23.8 million) off-market scrip takeover offer for Niger’s NGM Resources. Under the deal, first announced in July and supported by NGM Resources board of directors, NGM shareholders will receive one share in Paladin Energy for every 23.9 shares owned in NGM. For complete story, [...]
Mesa Uranium Corp.(CVE:MSA) reports that it has signed a mineral property option agreement with Passport Potash on the Holbrook Potash project. The project consists of Arizona State Land Department exploration leases covering 1,950 acres and is 100% wholly-owned by Mesa. For complete news release, click here.
Tigris Uranium Corp. (TSX.V: TU) reports its final approval of its qualifying transaction by the TSX Venture Exchange and has began trading as a Tier 2 Mining Issuer on the TSX-V. The Company completed the Transaction through the acquisition of an exclusive option (the “Option”) to earn interests in the Crownpoint, Hosta Butte and McKinley uranium properties located [...]
Waseco Resources Inc. (ETR:WSE, PINK:WSRUF) reports that it has received an extensive report on the 2009 exploration program. The property hosts 8 known mineral showings, 5 of which contain uranium mineralisation. For complete news release, click here.
Uranium-stocks.net reports on the world needing clean energy. The International Energy Association (IEA) has spoken. What the world needs now is a clean energy technology revolution. For complete editorial, click here.
Nasdaq reports shareholders of Uranium One (TSE:UUU) voted in favour of ARMZ, Russian state-owned takeover. In exchange, the division of Russian nuclear-giant Rosatom will lift its ownership in Uranium One to 51% from 23%. The deal is expected to close by the end of the year. For complete news, click here.
IFandP.com reports on the uranium market for the summer period. Uranium spot prices fell by US$1.00 to US$45.00/lb in the week ended August 30 – the same price differential was recorded over the past month as the market cooled down after its July peak. For complete news, click here.
Macusani Yellowcake (CVE:YEL) reports results of metallurgical tests for the continued pre-feasibility studies on the uranium mineralization hosted by the Macusani rhyollites in Puno, Peru. Uranium recoveries in excess of 99% were achieved using ion exchange (IX) technology on uranium-loaded acid solutions from the leaching of Macusani uranium ores. Macusani’s President, Peter Hooper says: “The metallurgical results we [...]
Hathor Exploration Limited (CVE:HAT) reports an update to its 2010 summer drill program at its Midwest NorthEast property, Saskatchewan, Canada. The strong alteration intersected under the eastern shore of McMahon Lake southwest of Roughrider East corroborates the large resistivity anomaly that extends south westerly from Roughrider East along the Midwest Trend. For complete news release, click [...]
Platts.com reports on spot uranium diving and rebounding trends in the past week. The spot market price of uranium seesawed over the past week, dropping by more than $2 a pound U3O8 to below $44/lb, but then rebounding to about $45/lb by midday Tuesday, according to sources. For complete details of the news, click here.

Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar. Other shows include: Cambridgehouse, IIC, Chicago Resource Expo
The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs
UraniumInvestingNews.com maintains a focus on Uranium exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Tuesday, August 31, 2010