Homeland Uranium Inc. announced that its board has approved the completion of a unit offering at C$0.005/unit and the company will issue up to 100 million common shares and purchase warrants for gross proceeds of C$500,000.
Major companies like AREVA and Cameco understand how important it is to mitigate risks such as fighting in Mali and Nigerian resource nationalism by geographically diversifying their assets.
Mining Weekly reported that Niger wants to renegotiate its partnership terms on uranium mining with Areva, a deal which generates €100-million for the country. Niger president Mahamadou Issoufou said they are also looking to partner with other mining investors in their effort to boost their country’s economy.
Reuters reported that France has sent special forces to protect uranium sites in Areva as possible rebel attacks threaten the safety of its interests.
Reuters reported Niger has warned Areva (EPA:AREVA) it can't support a uranium mining company that fails to meet production deadlines.
Reuters reported a one-day strike at Areva's (EPA:AREVA) Somair uranium mine in Niger has ended as negotiations regarding conditions resumed.
Reuters reported 1,200 uranium workers at Areva's (EPA:AREVA) Niger uranium mine have gone on strike for 72 hours demanding higher wages.
Reuters reported uranium miners in Niger have threatened a strike if a labor dispute remains unsolved at Areva's (EPA:AREVA) Imouraren mining project.
Reuters reported Areva's (EPA:AREVA) Imouraren uranium mining project in Niger will likely start production in 2014 after delays caused by kidnappings of foreign workers in the country's north.
Reuters Africa reported Areva (FTSE:AREVA) will monitor the health of thousands of workers and residents in Niger exposed to its uranium mines.
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