Uranium Equities: Time To Stock Up
In a recent research note, Raymond James revised its uranium prices and shared its 3 top picks in the uranium space.
In a recent research note, Raymond James revised its uranium prices and shared its 3 top picks in the uranium space.
Mining Weekly reported Paladin Energy (TSX:PLB) in preparing to explore for uranium at it Aurora uranium properties now that a moratorium on uranium mining and development has been lifted.
Mining Weekly reported Paladin (ASX:PDN) now has access to Aurora deposits after a uranium mining ban was lifted in Labrador.
Mining Weekly reported Paladin Energy (TSX:PDN,ASX:PDN) said output slumped 15%.
According to the World Nuclear Association, uranium production in Malawi has increased in the last 2 years from zero to approximately 670 tonnes of uranium. Malawi was the only country to report a triple digit marginal growth rate for uranium production over the last 12 months.
Paladin Energy (TSE:PDN,ASX:PDN) reports NI43-101 for the Langer Heinrich Mine, Namibia. This drilling programme was initiated to establish a sufficient Mineral Resource base capable of supporting an expansion at LHM from 5.2Mlb U3O8 pa to 10Mlb U3O8 pa with 9Mlb U3O8 derived from expansion of the existing processing plant and 1Mlb U3O8 pa from heap leach operations. [...]
Bloomberg.com reports Paladin Energy(ASX:PDN, TSE:PDN) seeks assets in countries including Kazakhstan and Canada to expand uranium reserves. “We’re looking at all opportunities globally,” Borshoff said in an interview at an investors forum in Hong Kong today. “We’re in Africa and Australia. The only other two options are Canada and Kazakhstan.” For complete news, click here.
Paladin Energy reports the decision of Uranium One Inc. to sell of its interest in Paladin. This was announced in its news release dated June 8, 2010 in which Uranium One stated that it has “recently sold substantially all of its previously acquired shares of Paladin”. For complete news release, click here.
Uranium One reports that it has acquired an investment in ordinary shares of Paladin Energy. The shares of Paladin were purchased for investment purposes. Uranium One continually reviews its investment alternatives and may, from time to time, acquire additional shares or dispose of its holdings of shares in Paladin. For complete news release, click here.
Paladin Energy provides its Quarterly Activities Report for the three month period ended March 31, 2010. Sales were 1,043,000lb U3O8 generating revenue of US$52.7M, representing an average sales price of US$50.49/lb U3O8. (For comparison the unweighted average Ux spot price for the quarter was US$42.35/lb U3O8.) For complete news, click here.
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