Cautious optimism for uranium outlook

Growth in world uranium inventories is slowing as the supply sector is responding to a gradual recovery in uranium demand, according to speakers at the World Nuclear Fuel Cycle (WNFC) conference held in Madrid on 18-19 April. Uranium resources remain plentiful, but the investment needed to bring resources into production depends heavily on the market, …

V.PLU Proving Up Falchani Potential with high-grade intersections of 116 m of 0.73% Li₂O & 8 m of 579 ppm U₃O₈

Plateau Energy Metals Inc. (“Plateau” “PLU” or the “Company“) (TSX VENTURE:PLU) (FRANKFURT:QG1) (OTCQB:PLUUF), a lithium and uranium exploration and development company, is pleased to announce results from recently completed vertical drill holes from Platform 9 (drilled ~315 m NW of Platform 1) and Platform 3 (drilled ~170 m SE of Platform 1) at the Falchani …

Cameco swings into the black as it focuses on ‘what we can control’ – Gitzel

VANCOUVER (miningweekly.com) – Canadian uranium major Cameco is settling in to a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to translate …

USA and France Sign Statements of Intent on Advanced Fast Neutron Sodium-Cooled Reactors

WASHINGTON, D.C. – U.S. Energy Secretary Rick Perry and François Jacq, Chairman of France’s Alternative Energies and Atomic Energy Commission (CEA), seized the occasion of President Trump’s Head-of-State welcome for French President Emmanuel Macron to sign two Statements of Intent (SOIs). The signing ushers in a new era of DOE-CEA research and development (R&D) cooperation …

$60 Million for U.S. Industry Awards for Advanced Nuclear Technology Development

WASHINGTON, D.C. – U.S. Secretary of Energy Rick Perry announced today that the U.S. Department of Energy (DOE) has selected 13 projects to receive approximately $60 million in federal funding for cost-shared research and development for advanced nuclear technologies. These selections are the first under DOE’s Office of Nuclear Energy’s U.S. Industry Opportunities for Advanced …

T.CCO Reports First Quarter Results

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2018 in accordance with International Financial Reporting Standards (IFRS). “We continue to focus on what we can control,” said president and CEO, Tim Gitzel. “In the first quarter we generated significant cash flow, which is …

Tariffs On Uranium Would Make More Sense Than Trump’s Protections On Steel And Aluminum

Thomas Duesterberg , Contributor to Forbes Using Section 232 of U.S. trade law to apply tariffs on steel and aluminum imports was a questionable use of this tool. Those tariffs did get the attention of exporting nations, but also needlessly irritated both domestic and international allies. A clearer and more compelling case for Section 232 …

Paladin moves to mothball Namibia uranium mine

PERTH (miningweekly.com) – Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation under care and maintenance. Paladin previously told shareholders that the medium-grade ore stockpiles currently being used as feed for the …