Mining Weekly reported that a Quebec moratorium on uranium exploration and mining during the month of March has forced Strateco Resources to take an $87 million impairment charge, as its flagship Matoush uranium project was idle.
Mining Weekly reported that Quebec government has pledged financial support for a number of projects and infrastructure, but the Cree Nation of Eeyou Istchee is insisting on consultation and consideration of the impact on their community. Meanwhile, the government is still having to deal with outstanding regulatory issues, including companies waiting for permission to proceed with uranium projects. As quoted in the Mining Weekly report:
Pacific Bay Minerals Ltd. (CVE:PBM) reports a notice received from its partner, Strateco Resources (TSE:RSC) for the completion of 10 drill holes comprising 5,511 metres of drilling targeting the Alfred fault.
The Market Oracle reports on uranium projects and uranium investing in the current market conditions. You don’t hear a lot of talk about uranium these days. It’s just not as sexy as gold or silver. But with a host of reactors slated for construction, the sector is rife with opportunities. Haywood Securities Analyst Geordie Mark [...]
Pacific Bay Minerals (CVE:PBM, ETR:OUB, FRA:OUB) reports that Strateco Resources has found 13 new uranium drill targets recently on its claims under option to Strateco in the Otish Mountains uranium district, Quebec. The top priority target is located to the west of the Matoush Uranium Deposit, where no drilling has occurred to date, and is slated for drilling [...]
Officialwire.com reports Strateco Resources’ key business structure and profile. Strateco Resources Inc. (Strateco Resources) is a mining and exploration company in Canada. The company is principally engaged in the exploration of uranium mining properties with a view to commercial production. Currently it owns and holds interests in various mining properties in Quebec. The company owns [...]
Midas Letter reports Strateco Resources is almost realizing their uranium licensing dreams after having spent 2 years in the licensing process. The company’s main focus at the moment is The Matoush Uranium Project, as CEO Guy Hebert explains; “We’re really focused on one project, it’s called the Matoush project. It’s a uranium project located in Quebec, and we [...]
Pacific Bay Minerals reports that Strateco Resources has began airborne survey over it’s uranium claims under option to Strateco in the Otish Mountains, Quebec. The ultra-sensitive survey by contractor Terraquest is designed to identify Matoush style structures favourable for uranium mineralization with high precision so that high quality drill targets can be outlined. Strateco has an option to acquire up [...]
Strateco Resources reports the start of the largest drilling program to date on its Matoush project, located in the Otish Mountains, 275 km north of Chibougamau, Quebec. During the 2010 program, Strateco will focus its exploration efforts on the Matoush structure, and more precisely on the ACF4, which starts at a vertical depth of about 400 [...]
Strateco Resources reports that it has closed the $15 million private financing announced on January 20th, 2010. The agreement provides for Sentient to subscribe 100,000 units for an amount of $95,000 and $14,905,000 of convertible notes (the “Notes”) accompanied by common share purchase warrants (the “Warrants”). Each unit consists of one common share (a “Share”) of [...]
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