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 …
Conservationists are considering a High Court appeal against the State Government’s decision to provide environmental approval to the State’s largest uranium deposit in the northern Goldfields after the WA Supreme Court knocked back an application for judicial review yesterday. Former environment minister Albert Jacob approved Cameco’s Yeelirrie Mine near Wiluna in the dying days of …
David Talbot, an analyst with Eight Capital, shared the details of the recently updated estimated mineral resource at this project and its impact on the target price for the company’s stock. In a Feb. 5, 2018, research note, analyst David Talbot relayed that Eight Capital raised its target price on Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) on the …
Uranium production from the Inkai joint venture in Kazakhstan is forecast to increase by more than 25% this year, according to a new NI 43-101 technical report filed by 40%-owner Cameco. The operation is forecast to reach maximum production of 10.4 million pounds U3O8 per year in 2020. According to the new report – filed …
The Namibian Husab Uranium Mine operated by China’s State-owned China General Nuclear Power Corp had produced over 1,000 metric tons of uranium oxide in 2017. The Husab mine, the third-largest uranium mine, will continue to be optimized in 2018. The company will ramp up its throughput to ensure the mine reaches its design capacity by …
Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors. The deal, sealed during a visit by Argentine President Mauricio Macri to Moscow, could bring up to $250 million in investments into the country’s sector, according …
Saskatchewan may be viewed as the most attractive place in the world for mineral exploration companies to spend their money, but you wouldn’t know it by just looking at the latest estimates on spending in the province. Spending on mineral exploration and deposit appraisal declined for the second year in a row, according to new …
The announcement made by uranium giant Cameco in November that it’s suspending operations at its flagship McArthur River mine in northern Saskatchewan and surprisingly deep three-year cuts by Kazakhstan’s state-owned Kazatomprom provide a “step change” for uranium prices says a new report on the sector from Cantor Fitzgerald equity research. On Monday, the world largest producer …