T.U: Reports Estimated Net Asset Value at August 31, 2017

TORONTO, ONTARIO–(Marketwired – Sept. 6, 2017) – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at August 31, 2017 was CAD$388.8 million or CAD$3.22 per share. As at August 31, 2017, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: …

Bannerman hopeful on uranium price

Perth – Uranium developer Bannerman Resources is optimistic about the future of the uranium price, with CEO Brandon Munro telling delegates at the fifteenth yearly Africa Downunder conference, in Perth, that the current decade-low prices are unsustainable. “The uranium spot price is languishing at a decade low price of $20/lb,” Munro said on Thursday. “While all commodity markets are cyclical, and it …

Egypt signs agreement with Russia to build first nuclear power plant

Egypt has signed a deal to use Russian investment to develop the country’s first nuclear power plant at Dabaa, on the Mediterranean coast. The Associated Press reports that the agreement was signed on Monday after two years of negotiations. The reports came after Egypt’s President Abdel-Fattah Al-Sisi met with Russian President Vladimir Putin in China, where they were …

A.VMY Major Ore Reserve Announcement

Key highlights: Ore Reserves now at 42.3Mlbs U3O8 from 22.7Mt at 845ppm U3O8 Maiden Proved Ore Reserve of 12.3Mlbs from 5.3Mt at 1,055ppm U3O8 Ore Reserve metal increases 36% from last update in November 2016 Vimy expects material improvements in project economics Vimy Resources Limited (ASX:VMY) (Vimy) is pleased to announce a major Ore Reserve …

Marenica Energy begins test work on Langer Heinrich uranium samples

Uranium ore samples collected by ASX-listed Marenica Energy from the Langer Heinrich uranium mine in Namibia have been received in Perth for immediate test work. Namibia – The aim of the test work is to confirm the substantial benefits expected from implementation of Marenica’s proprietary U-pgrade process on the ore. In June, Marenica Energy and Paladin Energy agreed to conduct …

Tepco’s nuclear reactors will likely pass safety review

Still unclear if and when Kashiwazaki-Kariwa facility will restart TOKYO — Japan’s Nuclear Regulation Authority appears set to certify the safety of two units at Tokyo Electric Power Co. Holdings key nuclear power plant in Niigata Prefecture on the Sea of Japan coast. Passing the safety review is a prerequisite for Tepco to restart the Kashiwazaki-Kariwa plant, which …

Energy Giant EDF eyes faster India nuclear deal as other projects stall

NEW DELHI (Reuters) – French energy giant EDF is making progress in talks to sell India six nuclear reactors, said its chief executive on Thursday, with the stalled projects of rivals making him more confident a contract could be agreed sooner than first expected. CEO Jean-Bernard Lévy declined to commit to a timeline for when …