The country may be considering legislative changes to ensure its citizens benefit directly from mineral wealth; however, the Chamber of Mines provided a statement recognizing that foreign funds are the major source of investment pledging to work with the Minister to ensure that the industry continues to play its critical role.
Articles Tagged "DOE"
The market valuation of Canadian companies with one or more uranium projects has appreciated approximately 22 percent over the past month and up 43 percent over the previous 12 months. Share prices of Australian companies with one or more uranium projects have also performed relatively strongly with an 18 percent increase over the past month and 18 percent over the past 12 months.
The uranium demand surge is attributed to a number of buyers believing that the market price has reached the bottom and endeavoring to acquire material in anticipation of a future price increase.
Surprisingly, uranium spot prices have declined almost 20 percent since October 2009, despite a strengthening of sentiment for economic progress and global growth in the number of nuclear power generating facilities in operation.
By Melissa Pistilli-Exclusive to Uranium Investing News The Obama Administration is taking some heat recently from those in the uranium industry who say the US Department of Energy’s (DOE) decision to transfer $200 million in excess uranium stockpiles to the United States Enrichment Corp (USEC) is having a softening effect on the spot market and [...]
By Melissa Pistilli-Exclusive to Uranium Investing News Despite the upward trend in spot prices for most commodities this year, uranium prices seem immune to positive investor sentiment that economic recovery is on the horizon. Last year, the spot price for U308 averaged about $62 per pound, but by May had fallen to $52. Monday, Ux [...]
DOE reports funding for 46 new multi-million-dollar Energy Frontier Research Centers found at universities, national laboratories, nonprofit organizations, and private firms across the nation. Of the $377 million awarded to the EFRCs, $277 million comes from funding made available through the Recovery Act with the remaining $100 million made from DOE’s FY2009 budget. The 46 EFRCs are [...]