Uranium Company News Directory

Forte Looks to Acquire 75 Percent Interest in Olympic Domain Uranium Project in South Australia, Secures Funding

Forte Energy NL (ASX:FTE,LSE:FTE) announced it has entered in a share sale agreement with Antares Mining Ltd. (ASX:AWW) to acquire 75 percent interest in the Olympic Domain project in South Australia for a cash consideration of AU$300,000. Forte has also secured additional funding for acquisitions and working capital in the form of convertible loans for GBP1,000,000 from Darwin Strategic Ltd.

NexGen Energy Expands A2 and A3 Shear Zones at the Arrow Zone, Rook I

NexGen Energy Ltd. (TSXV:NXE) announced that high grade cores within the A2 and A3 zone have been significantly expanded by angled drill holes AR-15-39w1 and AR-15-41. The intersection of mineralization in the A2 and A3 shears show true widths of approximately 27.5 m and 78.6 m, respectively. According to VP for Exploration and Development, Garrett Ainsworth, "The high grade sections of the A2 and A3 shears are taking shape beautifully into what is heading towards a world class uranium asset in the southwest Athabasca Basin. Initial testing of the A3 shear with drill holes AR-15-39, -39w1, and -41 shows A3 is significantly larger in size than A2 and just as mineralized."

Energy Fuels Reports Gross Profit of $15.97 Million in 2014

Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) reported financial results for the year ended December 31, 2014. The Company earned $46.25 million in total revenue, with a gross profit of $15.97 Million from mining and milling operations. A strong balance sheet was also reported, including $38.60 million of working capital.

Energy Fuels Files Technical Reports for 3 Projects

Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) announced the SEDAR filing of an updated mineral resource estimate and preliminary economic assessment for the Roca Honda uranium project (60% owned), a mineral resource estimate for its Wate breccia-pipe uranium project (50% owned). and an updated mineral resource estimate for its Sage Plain uranium/vanadium project (100% owned).

Forum Uranium CEO Rick Mazur on SmallCap Power

Forum Uranium Corp. (TSXV: FDC) CEO Rick Mazur was interviewed by SmallCap Power as part of their "Companies to Watch" series. In the interview, Mr. Mazur reports the company's current activities on its Fir Island project located along the north rim of the eastern Athabasca Basin.

NexGen Energy Releases 2nd Set of Assays; High Grade Zone at Arrow Continues To Grow

NexGen Energy Ltd. (TSXV:NXE) announced its second set of assay results from the current winter drilling program at the Arrow Zone on the Rook I property in the Athabasca Basin, Saskatchewan. Highlights from this set inlcude Hole AR-15-37 which assayed 16.5 m at 2.46% uranium, including 3.0 m @ 12.85% uranium; and 40.0 m @ 2.88% uranium including 22.0 m @ 4.92% uranium.