A possible active fault beneath the Tomari nuclear power plant in Hokkaido could prolong the government’s screening process for a restart and deal a major financial blow to Hokkaido Electric Power Co., the plant’s operator. On Dec. 8, the Nuclear Regulation Authority (NRA) did not accept the assertion of Hokkaido Electric Power that no active …
Zoltan Ban Summary Kazakhstan’s move to cut uranium production is widely seen as an attempt to lift prices ahead of privatization. There is reason to believe that it is rather an uncommon decision to preserve a resource, keeping in mind the probability of it being more valuable in the future. Uranium reserves and production patterns …
Saskatoon, Saskatchewan, Canada, December 11, 2017 Cameco Corporation (Cameco) (TSX:CCO; NYSE:CCJ) announced that the restructuring of Joint Venture Inkai LLP (JV Inkai) outlined in the implementation agreement dated May 27, 2016 with Joint Stock Company National Atomic Company Kazatomprom (Kazatomprom) and JV Inkai closed today and will take effect on January 1, 2018. This restructuring was …
VANCOUVER, Dec. 11, 2017 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to report assay results for 21 holes from Arrow as part of our recently concluded summer drilling program on our 100% owned, Rook I property, in the Athabasca Basin, Saskatchewan. Arrow Highlights: A3 Infill Drilling AR-17-147c3 intersected 60.0 m at 3.70% U3O8 (597.5 to 657.5 m) including 33.0 m at 6.51% …
The French creditor that forced uranium miner Paladin Energy into administration is now threatening to torpedo its recapitalisation. Creditors of the collapsed miner yesterday voted in favour of a restructure proposal put forward by unsecured bondholders that would have the company continue operating as a going concern and be reinstated to the Australian Securities Exchange. …
TORONTO, ONTARIO–(Marketwired – Dec. 7, 2017) – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at November 30, 2017 was CAD$478.5 million or CAD$3.61 per share. As at November 30, 2017, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: …
EXCLUSIVE TO SOURCELINE U3O8 – Since 2007, U3O8 prices have largely been moving in one direction – down. With long-term and spot prices languishing at 12-year lows, the uranium sector has been struggling over the past few years. Many analysts will cite uranium underfeeding and the subsequent sale of additional enriched uranium on the spot …
JOHANNESBURG (Reuters) – South Africa plans to push ahead with its nuclear expansion plan but will now do so at a slower pace because there has been a fall in demand for electricity owing to a struggling economy, energy minister David Mahlobo said on Thursday. South Africa has the continent’s only nuclear power station and …
LONDON (Reuters) – The British government will provide up to 56 million pounds of funding for research and development in mini-nuclear plants, it said on Thursday. The funding will be available over the next three years and will be used to assess the potential of designs of advanced and small modular reactors (SMRs) and accelerating …
JOHANNESBURG (miningweekly.com) – ASX-listed Boss Resources has entered into a binding conditional agreement to buy Wattle Mining – the owner of 20% of the shares in the Honeymoon uranium project – in a move that will give the company full ownership of the South Australian project. Consolidating the ownership sets the Honeymoon project on the path to be Australia’s next uranium producer, with production of about …