Keeping Score of Canada’s Infamous Uranium Reservoir – The Athabasca Basin

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 …

Battle still on against uranium mine

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 …

Resources Increase at the Eastern Athabascas Largest Undeveloped Uranium Project

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 …

Supply cuts a ‘step change’ for uranium price 

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 …

Boss consolidates Honeymoon uranium project ownership

JOHANNESBURG (miningweekly.com) – ASX-listed Boss Resources has entered into a binding conditional agreement to buy Wattle Mining – the owner of 20% of the shares in the Honeymoon uranium project – in a move that will give the company full ownership of the South Australian project. Consolidating the ownership sets the Honeymoon project on the path to be Australia’s next uranium producer, with production of about …

Kazakhstan to meet commitment of reducing uranium production in 2017

Kazakhstan’s total output of uranium or so called ‘yellow cake’ for the year will amount to 22,000 tons, Energy Minister Kanat Bozumbayev said. Kazakhstan, which is the world’s first largest producer of uranium and second in its reserves, will reduce production in 2017 to 22,000 tons, compared with 24,000 tons in 2016. “Production of uranium …