With the spot price of uranium at a low $40 per pound, those in the industry are eyeing current supply/demand trends for an indication of whether we’re at a bottom and when prices might rebound.
In last week’s Throne Speech, the Harper government laid out plans to liberalize foreign investment in the Canadian uranium industry in an effort to fire up mining activity.
Kirrin Resources reports that it has entered into an option agreement with Majesta Resources allowing Kirrin to earn a 70% interest in the Key Lake Southwest uranium property, Athabasca Basin in northwestern Saskatchewan, Canada.
The Key Lake SW property comprises eight contiguous mineral claims that encompass 36,287 ha. The northern perimeter is adjacent to the Orchid Lake property [...]
Uranium miners making the news today include First Uranium Corp., Uranerz Energy Corporation, Bayswater Uranium Corporation and Khan Resources.
By Melissa Pistilli-Exclusive to Uranium Investing News
Last week in Niger, a military junta led by Platoon Comander Salou Djibo calling itself the Supreme Council for the Restoration of Democracy (CSRD) launched a bloody coup against the elected government of President Tandja Mamadou.
The United Nations, the European Union, and the African Union, which has subsequently expelled [...]
By Melissa Pistilli-Exclusive to Uranium Investing News
Early this week, US President Barack Obama is expected to announce a loan guarantee for two new reactors that will be built by Southern Company in Burke, Georgia.
Southern Co will be the first nuclear energy firm to take advantage of The Energy Policy Act of 2005, which allows the [...]
By Melissa Pistilli-Exclusive to Uranium Investing News
As the world looks to alternative energy supplies, the nuclear energy sector is getting a lot of attention. The “nuclear renaissance” as some in the industry call it has sparked a race amongst energy-hungry Asian nations to procure reliable uranium fuel supplies around the globe.
“Uranium in particular stands to [...]
Forum Uranium and Hathor Exploration reports that they have started their 18-hole diamond drill program on the Henday project, northern Saskatchewan.
This C$1.65 million exploration program is operated by Forum and funded by Hathor, according to a Joint Venture Option Agreement executed by the two companies. A ground gravity and electromagnetic geophysical survey has also begun that will be [...]
By Melissa Pistilli-Exclusive to Uranium Investing News
Today, nuclear power generates around 15 per cent of global electricity production; however, that percentage is likely to increase significantly over the next few decades as more and more nations turn to nuclear power to meet their energy demands.
According to the World Nuclear Association (WNA), the number of worldwide [...]
By Melissa Pistilli-Exclusive to Uranium Investing News
Cameco Corp: Cigar Lake Update
Cameco Corp [TSX: CCO] reported last week that it expects development work on its Athabasca Basin Cigar Lake uranium mine to resume this year.
The Saskatchewan-based miner had originally planned to start production at the mine in 2008, but a rock fall brought on a flood [...]
Monday, March 15, 2010
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