Paladin Energy’s creditors have agreed to a proposal to restructure the company’s debt and reinstate it to quotation on the ASX. The Western Australia-based company’s creditors have executed the proposed deed of company arrangement (DOCA). Major creditor Electricité de France (EDF) previously said it may seek to have the DOCA, which it claims is unfairly …
JOHANNESBURG (miningweekly.com) – Dual-listed Berkeley Energia expects to pour concrete at its fully-funded Salamanca mine, in western Spain, in the new year, the company said on Tuesday, as it announced the award of major contracts for the uranium mine. The company said that Sanchez y Lago, one of Spain’s major construction companies, was being appointed as the contract miner. Sanchez y Lago has over 35 years of miningexperience around the …
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: …
UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce that the Company has increased its interest in the Christie Lake Project to 45%. UEX has completed the required $1 million property payment to JCU (Canada) Exploration Company Limited (“JCU”) and its 2017 exploration work commitments under the Christie Lake Option Agreement prior to …
Toronto, Ontario, December 6, 2017 – Purepoint Uranium Group Inc. (TSXV: PTU) (the “Company”) is pleased to announce the closing of the final tranche of the previously announced non-brokered private placement for aggregate gross proceeds of $680,000. In connection with the final tranche closing, the Company issued 6,800,000 flow-through units at a price of $0.10 …
Vancouver, BC – Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce the results from its 2017 summer/fall diamond drilling program at its flagship 35,705 hectare Moore Uranium Project, located approx. 15 kilometres east of Denison Mine’s Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. Drill hole …
AZARGA URANIUM CORP. (TSX:AZZ) (“Azarga Uranium” or the “Company”) announces that Blake Steele has been appointed as the Company’s President and Chief Executive Officer and that Richard Clement has resigned as the Interim Chief Executive Officer. Mr. Steele has been with the Company for over three years and was formerly the Chief Financial Officer and …
