A ban on uranium mining on Labrador Inuit land has been lifted by the Nunatsiavut Assembly after three years. Uranium exploration in Newfoundland and Labrador declined 93 percent during the moratorium, from approximately $58.1 million three years ago to $4.2 million last year.
Articles Tagged "Labrador"
CBC News reported a uranium mining ban in Labrador has been lifted from Inuit lands by the Nunatsiavut Assembly.
CBC News reports some residents want the 3-year ban on uranium mining to end now as they could benefit from it. They say that since the ban was narrowly approved in 2008 the community has gone from boom town to ghost town. At the peak of exploration, the drone of helicopters and float planes continued [...]
By Luke Brocki – Exclusive to Uranium Investing News and U3O8.biz Spot uranium prices fell US$2 this week to US$51 a pound U3O8, according to price publisher Ux Consulting. And while rival publisher Tradetech’s uranium price estimate hasn’t budged this year, sitting stable at US$52 a pound, analysts suspect sellers are starting to soften, reducing [...]
Overview Crosshair is a junior exploration and development company focused on uranium in both the US and in Canada. The Company also continues to advance its gold and Volcanic Hosted Massive Sulphide (VHMS) projects in Newfoundland. Crosshair recently combined businesses with Target Exploration and Mining Corp. creating a well-funded, low-cost, growth-oriented, uranium company with a [...]
Overview Belmont Resources Inc. is a uranium exploration and development company with key projects located in the Central Mineral Belt of Labrador, the Uranium City region of Northern Saskatchewan and the Reindeer / Wollaston Lake area bordering the Athabasca Basin of Northern Saskatchewan. The Company is focused on the development of these projects through joint [...]