A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Uranium Equities Ltd. (ASX:UEQ) announced that, as per results from an independent pre-feasibility study-level engineering study, its PhosEnergy Process is a viable and low-cost way to extract uranium as a by-product of phosphate fertilizer production. Cameco Corp. (TSX:CCO,NYSE:CCJ), which, along with Uranium Equities, commissioned the study, has now committed a further $4 million to the project.
Denison Mines Corp. (TSX:DML,AMEX:DNN) announced that it will acquire Fission Energy Corp. (TSXV:FIS), whose assets include a 60-percent interest in the Waterbury Lake uranium project and interests in two Namibian joint ventures. As a condition of the acquisition, a select number of Fission’s assets will be spun out into a new company; this new company’s assets will include a 50-percent interest in the Athabasca Basin-based Patterson Lake South property.
Uranium One Inc. (TSX:UUU) announced that it has agreed to sell itself to JSC Atomredmetzoloto (ARMZ) and Effective Energy NV, its affiliate, for C$2.86 per share, which amounts to a total of C$1.3 billion. ARMZ already owns 51.4 percent of Uranium One’s common shares.
Bloomberg Businessweek reported that the Coal and Energy Commission is meeting today with its subcommittee on uranium mining as well as Uranium Working Group members, who recently submitted a report on uranium industry issues to Republican Governor Bob McDonnell. The report is aimed at helping Virginia lawmakers decide whether to lift the state’s 30-year moratorium on uranium mining.
Mineweb reported that Martin Ferguson, Australia’s energy and resources minister, said that the country’s decision to allow uranium sales to India is significant, but will depend on the negotiations that take place when the time to conduct exports arrives.
The Wall Street Journal reported that in order to ensure a steady supply of fuel to its nuclear plants, India is looking into acquiring uranium mines abroad by setting up a joint venture between Nuclear Power Corporation of India and Uranium Corporation of India.
Bloomberg reported that Mandla “Bear” Kumalo, owner of investment firm Kumvest (Pty) Ltd., has offered to purchase a 26 percent stake in First Uranium Corp. (TSX:FIU). Kumalo is hoping to stop First Uranium from selling a mine to Gold One International Ltd. (ASX:GDO).