Powertech Uranium Corp. (TSE:PWE) reports completion of the drawdown of the fourth tranche of $13.8 million loan facility entered into with Societe Belge de Combustibles Nucleaires Synatom SA on October 14, 2009, as disclosed in the its news release of October 15, 2009. The Tranche bears interest at the rate of 9% per annum with interest compounding and accruing from [...]
Fission Energy Corp. (CVE:FIS) & KEPCO report acceleration of exploration regarding the Waterbury Lake project in the Athabasca Basin, Saskatchewan. The J-Zone uranium discovery and continued success achieved during the Winter 2010 exploration program has led to a MOU allowing for the acceleration of exploration and development expenditures totalling $30 million over a three year period under [...]
Industrials Fuels and Power reports uranium sector showing signs of improvement. The uranium spot prices edged upward by US$1 to US$41.75/lb in the week ended June 28, lifting MoM prices by the same amount as buyers returned to the market. Three transactions were concluded this week with an additional contract for 200,000lb expected to close [...]
Tournigan Energy(CVE:TVC) reports a private placement is planned to raise up to $3,000,000 from a non-brokered private placement financing from the sale of up to 30,000,000 units at a price of $0.10 per unit. Each Unit will comprise one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one [...]
Ucore Rare Metals reports that Senator Lisa Murkowski introduced a federal bill to address the current rare earth metals supply crisis in the US, and comments on Ucore’s Bokan-Dotson Ridge heavy rare earth project. Senator Murkowski’s Rare Earth Supply-Chain Technology and Resource Transformation (RESTART) Act of 2010 targets the reestablishment of a competitive domestic rare earth mining, processing and refining industry [...]
Hathor Exploration reports the final results for the 2010 winter drill program at Roughrider East. Uranium mineralization has been delineated for 100 m back towards Roughrider from the discovery hole, MWNE-09-170. Results to date outline significant potential at Roughrider East; it is open in all directions and aggressive drilling this summer will both infill areas already [...]
Major agreements on the political and industrial landscapes are paving the way for greater interest and commercial investment in Canadian uranium sources. Two conferences this week highlight the fears surrounding fossil fuel price volatility, security of supply and a global resurgence of nuclear power.
Forbes.blog reports on Areva and its recent agreement with a new nuclear reactor. It’s illegal to build a new nuclear reactor in California. “There is no solution without nuclear power,” Lauvergeon declared during a visit to Forbes’ offices on Friday. Of the California law: “One way or another, it will change,” she said. Her confidence [...]
UPI.com reports Prime Ministers of Canada and India have announced that Canada & India have signed an agreement for nuclear energy cooperation. The agreement comes 36 years after Canada placed sanctions on India after it exploded an atomic device using materials from a Canadian-made nuclear reactor. India maintained that nuclear material or equipment supplied to the country wouldn’t [...]
Brisbane Times reports there is a positive sign for uranium miners despite no change in uranium price. With uranium projects in Namibia and Malawi, Paladin’s share price has been travelling down from 2007, accelerating in late 2008. Rising into 2009, the price halted in resistance at about $5.50 last June and resumed the downward path. [...]
Wednesday, June 30, 2010