The comment below comes from the Uranium Research Team at Cormark Securities Inc. Our house view is still that the major catalyst to drive a Uranium rally is the striking of a new LONG-TERM contract…….Cameco is determined to do its part to clean up the spot market (see below) but really the main objective is spooking the …
RAPID CITY, S.D. — Concern over whether a South Dakota site has historic, cultural and religious significance to Native Americans has further stalled a company’s plan to mine for uranium. The U.S. Nuclear Regulatory Commission issued a license in 2014 to Powertech, which has been pursuing a project to drill for uranium near Edgemont for …
Energy Secretary Rick Perry said Tuesday he will suspend the Energy Department’s practice of selling excess uranium for the rest of the fiscal year, after a key Republican blocked the nomination of an agency nominee. Senate Environment and Public Works Chairman John Barrasso has said the sales hurt the domestic uranium mining industry, particularly in …
Russia has opened its uranium mining industry to foreign investment with an agreement signed yesterday between the Russia-China Investment Fund for Regional Development (RCIF), ARMZ Uranium Holding, and Priargunsky Industrial Mining and Chemical Union (PIMCU). ARMZ and PIMCU are subsidiaries of Russian state nuclear corporation Rosatom. The three parties to the agreement will work on …
WASHINGTON (Reuters) – The U.S. mining industry asked the U.S. Supreme Court on Friday to overturn an Obama-era rule that prohibits the mining of uranium on public lands adjacent to the Grand Canyon National Park. The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions asking the court to reverse …
MOSCOW (Reuters) – Russian state nuclear agency Rosatom said on Monday that Russia and China have agreed to work together on a uranium mining project in Russia, RIA news agency reported. Russia and China signed an agreement about investments in the project on Monday, RIA said. Source: Reuters
The Department of Atomic Energy (DAE) will achieve a ten-fold rise in uranium production in three phases by 2031-32, the government today informed the Lok Sabha. In a written response to a question in the Lower House, Jitendra Singh, the Union minister of state in the Prime Minister’s Office that directly looks after the DAE, …
In 1981, the Cigar Lake uranium deposit was discovered in Saskatchewan’s Athabasca Basin. A monster in its day, eventually sizing up at 290MM lbs. of U3O8 at a mine grade of 15%! Seven years later and 45 km (28 miles) away the McArthur River deposit was found, dwarfing Cigar with its 500MM lbs. of U3O8 …
The Bureau of Land Management has issued final approvals for two uranium mine expansions in southeast Utah, including one on the backdoor of what used to be Bears Ears National Monument. Bullseye Canyon, the site of uranium deposits tapped by the Daneros Mine, had been included within the boundaries of the monument proposed by five Indian tribes, …
EXCLUSIVE TO SIGHTLINE|U3O8 – Anyone who follows the uranium market is familiar with Canada’s legendary Athabasca Basin (the “Basin”) – host to the “world’s richest uranium deposits with U3O8 grades reaching 10 times that seen around the rest of the world”. Most, however, may not be familiar the true bounty of the region’s uranium stores …
