UComps: Project Generation Capability for Uranium Explorers

EXCLUSIVE TO SIGHTLINE U3O8 – This month’s UComparables edition will focus on the Uranium Explorers’ ability to be project generators and de-risk exploration by accessing capital from partners to fund the high-risk and expensive drilling phases of exploration.  A project generator (“PG”) is defined as a company that acquires and maintains a portfolio of multiple …

UComps: Uranium Developers’ Stage

EXCLUSIVE TO SIGHTLINE U3O8 –This month’s UComparables edition will focus on the Uranium Developers and the simple metrics of their key project’s stage of development – specifically, resource size, grade and mining method. As stated in the past, it is not our intention to provide analysis or opinion as to the investment potential of these …

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 …

Uranium Underfeeding: Big Price Factor? (Part 1)

EXCLUSIVE TO SOURCELINE U3O8 – Since 2007, U3O8 prices have largely been moving in one direction – down. With long-term and spot prices languishing at 12-year lows, the uranium sector has been struggling over the past few years. Many analysts will cite uranium underfeeding and the subsequent sale of additional enriched uranium on the spot …

T.DML Provides Interim Progress Update on ISR Field Test Activities and Announces Discovery of Additional High-Grade Uranium Mineralization at Phoenix

Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to provide a progress update on the In-Situ Recovery (“ISR”) field test activities occurring at Phase 1 of the high-grade Phoenix uranium deposit (“Phoenix”) at the Company’s 90% owned Wheeler River Uranium Project (“Wheeler River” or the “Project”). The Company is also pleased to …

Cameco updates 2021 outlook following Cigar Lake restart

Cameco expects to produce up to 12 million pounds U3O8 (4616 tU), on a 100% basis, this year provided there are no further disruptions due to COVID-19, forest fires or any other cause, the Canadian company said yesterday in its quarterly results call. CEO Tim Gitzel said the company is investing in digital and automation …

UK sets out approach to AMR demonstrator

The UK government today published a Call for Evidence that sets out its suggested approach to building the first advanced modular reactor (AMR) demonstrator. This will specifically explore high temperature gas reactors (HTGRs) as the most promising model for the demonstration programme, which ministers are investing GBP170 million (USD237 million) into delivering by the early …

Russia commits to further floating NPPs

Rosatom and a subsidiary of Kaz Minerals have signed for power supply to the new Baimskaya copper mining project in the Chukotka region of eastern Siberia. Rosatom proposes to use three floating nuclear power plants each employing a pair of the new 55 MWe RITM-200M reactors, a version of which is in service powering icebreakers. A fourth …

Jordan declares uranium plant ‘fully operational’

Jordan has been operating a “pioneering” processing plant to recover yellowcake from uranium ores since the start of the year, the head of the country’s Atomic Energy Commission has announced. Khaled Toukan’s remarks were reported by state news agency Petra and shared by the Jordanian Uranium Mining Company (JUMCO), operator of the plant. JUMCO, which …

New uranium fund begins trading

The newly created Sprott Physical Uranium Trust has begun trading on the Toronto Stock Exchange after Sprott Asset Management LP, a wholly owned subsidiary of precious metals and real assets investments company Sprott Inc, completed a previously announced transaction with Uranium Participation Corporation (UPC). Sprott Asset Management earlier this year entered into a definitive agreement …