A former investment banker is leading the flotation of a new company that plans to buy up and store huge quantities of uranium in anticipation of a jump in its value. Peter Bacchus, previously of Jefferies and Morgan Stanley, is masterminding the initial public offering of Yellow Cake, which is seeking to raise between $160m (£120m) …
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan. Improving prices Following the prior week’s spurt of activity and breakout 5% price jump, the uranium spot market was again busy last week …
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has struggled over the years, but it looks as though the stock is finally gaining some steam. Over the past three years, its share price has dropped more than 26%, but year-to-date the stock has risen more than 18%. Low uranium prices have made life difficult for Cameco and forced the company …
The proposed plan by the Federal Government to construct a nuclear power plant by mid 2020 would offer Nigerians a cheaper and stable source of electricity pricing, in the long run, borne out of lower operating costs. This was disclosed by the Russia’s State Atomic Energy Corporation (ROSATOM) Vice President for Sub-Saharan Africa, Viktor Polikarpov, …
The Russian nuclear power corporation Rosatom’s trading branch operating on the foreign market, Tenex, and Electricite de France (EDF) have signed a contract for recycling regenerated uranium from France. The contract was concluded at the St. Petersburg International Economic Forum. It will let the EDF improve economic parameters, preserve natural resources and diversify sources of …
Paladin Energy has confirmed that the Langer Heinrich uranium mine (LHM) in Namibia will be placed on care and maintenance. The company announced last month that it may take this move at Langer Heinrich in response to challenging market conditions, including low uranium prices. It has since received the consent of key stakeholders to make the care …
Summary Global uranium supply is decreasing, and the long-term demand is increasing. Cameco is testing the depth of the spot market with significant purchases to fulfill long-term delivery commitments. Cameco is one of the few companies that remain consistently cash flow positive in the industry. Energy Fuels’ spare capacity makes them an interesting investment in …
There’s one commodity that’s down three quarters from its 2011 level, and even more from its 2007 peak. But it appears to have found a base, moving sideways for the last year. With supply being slashed and steadily growing demand, it has the potential to rocket in future. The commodity in question is uranium. A …
ASTANA, Kazakhstan—Kazakhstan plans to sell at least 25% of the world’s largest uranium miner this year, the centerpiece of an effort to open up the economy of the former Soviet republic sandwiched between China and Russia. The government has hired Wall Street banks, including JPMorgan Chase & Co., to offer shares in state-owned KazAtomProm in …
The Director General (DG) of the Ghana Atomic Energy Commission (GAEC), Prof. Benjamin J. B. Nyarko, has revealed that it cost the country more than $20 million to convert the Ghana Research Reactor-1 (GHARR-1) from highly enriched uranium (HEU) to low enriched uranium (LEU) before repatriating the spent fuel to China. But instead of Ghana …