Uranium-Stocks.net(EDITORIAL) reports uranium spot price is $55/lb according to TradeTech and UXC. The long term factors behind uranium and nuclear power appear to have been completely disregarded over the past year or so, with the relentless dumping of uranium stocks and, more recently, the commodity itself with drops now being seen in the long term [...]
Uracan Resources Ltd. reports additional drill results from the North Shore property, Quebec. A new mineralized zone has been discovered, and areas of existing mineralization continue to produce broad zones of mineralization, increasing strike length and remain open at depth. Once all final assay results from the remaining drill holes at the TJ Zone have been [...]
Uranium North Resources reports results from its summer drill program on Hawk prospect in Nunavut, Canada. Drilling intersected three uranium mineralized zones in two drill holes, confirming the presence of significant shallow U3O8 mineralization and providing key information on the orientation of a sizeable mineralized zone. Prior to Uranium North drilling at Hawk, uranium mineralization had not been intersected [...]
Titan Uranium and its project partner Japan Oil, Gas and Metals National report the mobilization of 2 drill rigs and a field crew to the Border Block project, Athabasca Basin. A minimum of 1,700 metres of drilling (at least 5 holes) is planned to test the five highest ranked targets. Titan completed extensive ground geophysical surveys on the Border [...]
World Nuclear News reports the decline in the sale of one uranium mine with the market’s instability and global market crisis. The spot price of uranium rocketed to $137 per pound in mid 2007, only to fall back just as quickly after a surge of exploration made the future supply situation much more clear. In [...]
Uranium One Inc. reports it has decided to place the Dominion uranium project on care and maintenance. The decision to place Dominion on care and maintenance reflects the significant deterioration in the Project’s economics associated with the continuing decline in uranium prices over the last year and significant inflation-related increases in Project costs, together with a slower [...]
Nuinsco Resources provides an update of ongoing activity at Huston Lake/Marijane Lake uranium property. Anomalies on the property occur in discrete zones ranging from 0.2 to 0.5 kilometres long to broad areas of higher radioactivity over several kilometres along the 45 kilometre strike length of the claim group. Mineralogical work has confirmed the primary uranium mineral uraninite [...]
Temex Resources reports its exploration activities update. The Company is active on several projects including the Ring of Fire, the Timmins and Latchford Gold Projects and the Huston Lake Uranium Project. Drilling continues on the Whitney Township Gold Project located in the Timmins gold camp and the Company is anticipating that drilling will resume in the [...]
Bloomberg.com reports Uranium One shuts down Dominion uranium project due to price of nuclear fuel has dropped to a two year low. The operation, based on South Africa’s largest uranium deposit, needs a “sustained recovery” in uranium prices and “significant additional capital investment” to become economically viable, the company said in a statement to the [...]
Proactive Investors(Australia) reports on uranium price and stocks during the past few years. The large amounts of uranium sold in September by financial and hedge funds means utilities may now have sufficient supply and the pick-up in sales typical of October-November may not occur. Uranium fund sentiment and speculative activity remain important factors in the [...]
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