Berkeley secures funding to bring Spanish uranium mine into production

JOHANNESBURG (miningweekly.com) – Following shareholder approval announced on Thursday, uranium project developer Berkeley Energia has completed a strategic investment of up to $120-million with the sovereign wealth fund of the Sultanate of Oman, which means that Berkeley can now bring the Spain-based Salamanca uranium mine into production. The ASX- and Aim-listed miner noted that all precedent conditions had been met and that …

Purepoint Triples The Size of their Saskatchewan Project

Purepoint Uranium Group Inc. (TSX:PTU.V) today reported the staking of 6 new claims adjacent to their 100% owned McArthur East project, increasing the total size of the project to 5,600 hectares. The McArthur East property, initially adjoining Cameco’s McArthur River project to the west, now also adjoins their Cigar Lake project to the north. These …

France postpones target for cutting nuclear share of power production

PARIS (Reuters) – The French government has postponed a long-held target to reduce the share of nuclear energy in the country’s power production after grid operator RTE warned it risked supply shortages after 2020 and could miss a goal to curb carbon emissions. Environment Minister Nicolas Hulot said on Tuesday it was not realistic to …

T.EFR: to Sell Non-Core Uranium Properties in Wyoming for $5.39 Million

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), a leading producer of uranium in the United States, is pleased to announce that it has entered into an agreement to sell certain non-core uranium properties in Wyoming to Uranium Energy Corp. (“UEC”) for $5.39 million, including $2.94 million of cash and …

T.U: Announces an Increased Size of the Previously Announced Financing

TORONTO, ONTARIO–(Marketwired – Sept. 25, 2017) – NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. Uranium Participation Corporation (TSX:U) (the “Company”) has agreed with a syndicate of underwriters led by Cormark Securities Inc. and Cantor …

Anfield Resources Inc. Announces Closing of $3.1 Million Private Placement

VANCOUVER, BC–(Marketwired – July 17, 2017) – Anfield Resources Inc. (TSX VENTURE: ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF)(“Anfield” or “the Company”) wishes to announce that it has received conditional acceptance from the TSXV for 52,124,349 Units at $0.06, for a total equity raise of $3,127,461. The Units consist of one common share and a one share purchase warrant, with each warrant exercisable …

T.FCU: Accelerates Pre-Feasibility Work; Targets New Western Mineralization

KELOWNA, BRITISH COLUMBIA–(Marketwired – July 6, 2017) – FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU)(“Fission” or “the Company“) is pleased to announce preparations have begun for a $6.59M summer work program at its award-winning PLS project in Canada’s Athabasca Basin. The program will focus on two core goals: growing the recently-discovered, high-grade R1515W zone and accelerating progress towards pre-feasibility …