Purepoint Uranium Group Inc. announced today that the proposed 2018 Hook Lake JV exploration program with a budgeted cost of $4,000,000 has been approved by the JV partners. Situated within the Patterson Uranium District, the Hook Lake JV is a project owned jointly by Cameco Corp. (39.5%), AREVA Resources Canada Inc. (39.5%) and Purepoint Uranium …
The Southern High Plains region of Texas, New Mexico, and Oklahoma may hold more uranium than previously thought, a new study published Tuesday shows, but prices for the radioactive commodity would need to move much higher before any new mining takes place in the area. According to the latest report by the US Geological Survey (USGS) there …
A new independent mineral resource estimate for uranium junior Energy Fuels’ Canyon Mine project, in Arizona, has increased the uranium oxide (U3O8) resource by one-million pounds, and for the first time outlined a copper resource. The TSX-V- and NYSE MKT-listed miner said on Wednesday that the bulk of the resource growth was a function of upgrading inferred resources to the measured and …
VANCOUVER — NexGen Energy (TSX: NXE; NYSE-MKT: NXE) has unveiled its maiden mine plan for the high-profile Rook I uranium project along the southwestern edges of Saskatchewan’s Athabasca Basin. On July 31, the company released a preliminary economic assessment (PEA) that outlines a 1,450-tonnes-per-day underground mine with a 17-year life. The study estimates initial capital expenditures totaling …
SASKATCHEWAN – Vancouver’s NexGen Energy says the final winter assays confirm high grade uranium mineralization in step-out drilling at the Arrow deposit. Arrow is part of the Rook I project in the Athabasca Basin. Expansion drilling at the A3 shear intersected a new area of semi-massive to massive pitchblende outside both the A3 high grade …
Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like pearls on a necklace”. The TSX-listed company’s Patterson Lake South (PLS) project now stretches some 3.17 km over an …
Sprawling across northern Saskatchewan and Alberta, the Athabasca Basin is home to some of the world’s richest uranium deposits, which were discovered in the 1940s and mined since the late 1960s. What is less clear, however — and what Geological Survey of Canada geophysicist Vicki Tschirhart hopes to discover this summer — is the western …
Canadian uranium explorer NexGen Energy entered into an agreement with Hong Kong-based CEF Holdings that will allow it to receive US$110 million It may be as good as it gets, especially for a company operating in a sector of the mining business wallowing through the not-so-delightful doldrums. The good news: NexGen Energy Ltd., a company …