Mining Weekly reported that, despite an increase in first quarter production, Uranium One announced a $9.5 million net loss in Q1.
Articles Tagged "Uranium One"
Mining Weekly reported that Uranium One announced the appointment of Grier Colter as its new executive vice president and chief financial officer, and will take the place of Graham du Preez.
Mining Weekly reported that Uranium One, which is currently in the process of being privatized by its largest shareholder, ARMZ, reported a fourth quarter net loss of $68.8 million after writing down its Mantra Resources investment.
Reuters reported that Uranium One shareholders have approved the offer made by Russian uranium company ARMZ to take it private, in which the latter has agreed to pay C$1.3B.
The ARMZ-Uranium One deal is yet another positive signal that industry heavies know the uranium market is at a bottom and the time is ripe for picking up assets.
This week, the Virginia General Assembly will take up proposed legislation to end the state's 31-year moratorium on uranium mining permits in what is expected to be a tight vote.
Uranium One Inc. (TSX:UUU) announced that it has agreed to sell itself to JSC Atomredmetzoloto (ARMZ) and Effective Energy NV, its affiliate, for C$2.86 per share, which amounts to a total of C$1.3 billion. ARMZ already owns 51.4 percent of Uranium One's common shares.
Bloomberg reported that Uranium One Inc. (TSX:UUU), which mines uranium for reactor fuel, has climbed the most in 16 months after the Liberal Democratic Party in Japan won a landslide election.
In this post-Fukushima world, uranium investors need to remember a key fact about the U3O8 spot price: utilities are not responsible for the recent noteworthy decline to just over $40 per pound — the lowest weekly level since March 2010, a full year before Fukushima.
Mining Weekly reported Uranium One's (TSX:UUU) says it unit in Tanzania will begin building its Mkuju River uranium mine.