Namibia Halts Mining Operations to Curb Spread of Covid-19

Namibia halted mining and quarrying operations to curb the spread of the Covid-19 outbreak, according to Minister of Mines and Energy Tom Alweendo. The semi-arid southwest African nation is the world’s top producer of marine diamonds and the fifth-biggest of uranium. While minimal operations and critical maintenance work will be allowed, employers should ensure that …

Uranium snapshot: Energetic juniors with attractive assets

While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia Energy Appia Energy (CNSX: API; US-OTC: APAAF) …

Top 10 large, high-grade uranium projects

Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …

More Domestic Uranium Mining Could Mean Business For Southern Utah

The federal government could ramp up spending on domestically produced uranium, based on a recommendation from a working group created by President Donald Trump. That recommendation has not been made public, but sources familiar with the report told Bloomberg News it directs the federal government to add new domestic uranium to its stockpile. If the president acts …