Cameco (TSX: CCO; NYSE: CCJ) received notification that the Canada Revenue Agency (CRA) has filed an appeal with the Federal Court of Appeal regarding the Tax Court of Canada (Tax Court) decision of September 26, 2018 which found in favour of Cameco for tax years 2003, 2005 and 2006. “We are disappointed that the CRA …
Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to provide the following updates on activities at the Company’s La Sal Complex of uranium/vanadium mines, in addition to recent positive federal government actions that affect the Company’s projects. Initial Results of Test-Mining Program Targeting Vanadium at La Sal Complex …
Purepoint Uranium Group Inc. (the “Company” or “Purepoint”) (TSX.V: PTU) today announced its plans for the Hook Lake drill program scheduled to commence this winter. The Hook Lake Project is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%) and Purepoint (21%) in the Patterson Uranium District, Saskatchewan Canada. “In consultation with our …
Kazakhstan plans to produce a total of 21,600 mt of uranium in 2018, a decrease of almost 20% compared with the previously forecast 27,000 mt, Riaz Rizvi, Kazatomprom’s chief commercial officer said in an interview. Rizvi said the company also planned to implement similar production cuts of around 20% in 2019 and 2020. Kazatomprom has …
Listing in London is an “obvious choice”, senior executives from Kazatomprom, the world’s largest uranium producer, have said. Galymzhan Pirmatov, chief executive of the company which produces a fifth of the world’s uranium, told City A.M. it is pursuing a mid-November double listing in London and Kazakh capital Astana. He added: “To us London was an obvious …
The initial public offering of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its equity in London and the …
Fission 3.0 Corp. (“Fission 3” or the “Company”) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement (the “Private Placement”). Between the two tranches the Company raised $8 million to support additional drilling and exploration on its most prospective properties. COO and Chief Geologist …
Ur-Energy Inc. (NYSE American:URG) (TSX: URE) (the “Company” or “Ur-Energy”) is pleased to provide the following operational results for Q3 2018. Highlights Lost Creek Uranium Production and SalesFor the quarter, the Company met its production targets at the high end of guidance: 80,604 pounds of U3O8 were captured within the Lost Creek plant, 78,441 pounds of …
Kazatomprom, the world’s largest producer of uranium, has announced plans to list in London, following a rebound in prices for the nuclear fuel. The state-owned Kazakh producer, often dubbed the Saudi Aramco of the uranium market, will consider listing 25 per cent of its shares in the form of depository receipts, according to a filing. …
Nearly half of uranium production doesn’t make money at the prevailing spot price. That’s the startling statistic highlighted by Andre Liebenberg, the chief executive of Yellow Cake PLC (LON:YCA).Yellow Cake has been set up to provide investors with a clean entry point into what has hitherto been a pretty opaque market. What really is the …
