Uranium
Mining Weekly reported that uranium exploration company, Energia Minerals, has started its scoping study on the Carley Bore deposit in Western Australia and expects the program to be completed by mid-May.
Reuters reported that Areva SA announced a 12% increase in its first quarter revenue, amounting to $2.97 billion as strength in its uranium mining offset weak growth in its reactor business as well as a decreasing revenue from uranium enrichment.
Purepoint Uranium Group Inc (TSXV:PTU) announced that its Board of Directors has approved the issuance of 1,940,000 options to the Board, management, and staff.
Denison Mines Corp (TSX:DML, NYSE MKT:DNN) announced that it has completed drilling in the area of drill hole WR-489, which extended uranium mineralization by 65m.
Fission Energy Corp (TSXV:FIS, OTCQX:FSSIF) announced that its shareholders and optionholders have approved its plan of arrangement with Denison Mines Corp.
Forum Uranium Corp (TSXV:FDC) announced that it raised $500,000 in a non-brokered private placement, having issued 1,176,470 common shares at $0.425 per flow through share.
Mega Uranium Ltd (TSX:MGA) announced that it now owns 21,876,265 common shares of NexGen Energy Ltd as of April 22, 2013.
Mining Weekly reported that Strateco Resources has filed legal action against Quebec’s MDDEFP because of its moratorium on the issuance of uranium project permits, saying the company has suffered significant losses because of it.
Reuters reported that the British government announced its plans to sell some or all of its stake in Urenco, the second biggest uranium vendor in the world. The company is worth $13 billion and the UK owns a 33% stake in the company.
Nuinsco Resources Limited (TSX:NWI) announced that it has started its sampling for radon gas on the Diabase Peninsula property in the Athabasca Basin. This type of survey is used to search for uranium mineralization.
