It's an exciting time in the uranium industry for Africa, as countries that have not yet supplied the mineral in the past are beginning to explore and develop mines.
Articles Tagged "Uranium One"
Black Range Minerals made a strategic move this month with the fully-funded acquisition of the Shootaring Canyon uranium mill from Uranium One for $10 million
Mining Weekly reported that Uranium One announced that the closing date of the C$1.32-billion offer by Russia’s Atomredmetzoloto (ARMZ) to privatize is scheduled for October 18. The company has secured all the required regulatory approvals.
Canada has been a hot topic for uranium market players due to the high-grade discoveries in the Athabasca Basin. But the buzz around Canadian uranium deposits should not take precedence over the bigger picture price catalysts at play in the United States.
The Billings Gazette announced that Uranium One (TSX:UUU) plans to lay off 26 workers at its Willow Creek Mine will be laid off at the end of June, as they are ceasing to drill new wells because of low uranium prices
Mining Weekly reported that, despite an increase in first quarter production, Uranium One announced a $9.5 million net loss in Q1.
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.