Mines: the closure of Cominak, a subsidiary of Orano, confirmed by Minister Barazé

Last February, Actuniger reported that the French multinational Orano, formerly Areva, was seriously considering the closure of the Akouta Mining Company (Cominak), one of its two subsidiaries in Niger. The scenario is becoming more and more precise with the release, on Saturday, May 11th in Parliament, the Minister of Mines, Hassane Barazé. Responding to a …

V.AEC Engages BRS Engineering to Complete a PEA for the Charlie Uranium Project

Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has engaged BRS Engineering to complete a Preliminary Economic Assessment (PEA) for the recently-acquired Wyoming-based Charlie Uranium Project (“Charlie Project”). The PEA is expected to be completed by the end of June 2019. Anfield had previously issued …

T.U reports estimated NAV at April 30, 2019

Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at April 30, 2019 was CAD$608.4 million or CAD$4.41 per share. As at April 30, 2019, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value   Investments in Uranium: Uranium oxide in concentrates (“U3O8“) …

EFR Announces Q1-2019 Results

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”) today reported its financial results for the quarter ended March 31, 2019. The Company’s quarterly report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission (“SEC”) and may be viewed on the Electronic Document Gathering and Retrieval System …

Uranium sector not out of the woods yet

URANIUM producers will need to keep their costs down in an overly saturated market, as the industry still faces tough times. While demand for uranium is expected to grow in the long run, the rate of growth remains uncertain due to its over-reliance on China’s nuclear building plans. This is what Rössing Uranium’s managing director, …

Control room at Karachi power plant now operational

The main control room of the Unit 2 of the Karachi nuclear power plant, China’s self-developed third-generation HPR1000 demonstration project in Pakistan, was declared operational on April 28, according to an announcement by China National Nuclear Corporation (CNNC). The landmark achievement was followed up by the commissioning of the digital control systems (DCS) of Karachi …

Selling Rössing to the Chinese may keep mine open beyond 2025

Rössing Uranium Ltd will start with a detailed pre-feasibility this year in anticipation of the mine’s end-of-life which is planned for 2025. However, a sales process, currently underway, may throw this mine a lifeline taking its productive life beyond the looming deadline. Launching the mine’s annual stakeholder report this week, Rössing Uranium’s new Managing Director, …

T.CCO Announces Election of Directors

Cameco (TSX: CCO; NYSE: CCJ) has announced the election of 9 board members at its annual meeting held on May 7, 2019. Shareholders elected board members Ian Bruce, Daniel Camus, Donald Deranger, Catherine Gignac, Tim Gitzel, Jim Gowans, Kathryn Jackson, Don Kayne and Anne McLellan. Voting Results for Cameco Directors Nominee Votes For % Votes …