EXCLUSIVE TO SIGHTLINE U3O8 – When engaging with various members of sightlineu3o8.com, we are often asked about the models we use to predict long-term and spot U3O8 prices. With uranium prices at all time lows and suppliers implementing production cuts to incentivize prices back up, regular readers are anxious to integrate our forecasts into their …
In 1981, the Cigar Lake uranium deposit was discovered in Saskatchewan’s Athabasca Basin. A monster in its day, eventually sizing up at 290MM lbs. of U3O8 at a mine grade of 15%! Seven years later and 45 km (28 miles) away the McArthur River deposit was found, dwarfing Cigar with its 500MM lbs. of U3O8 …
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 …
EXCLUSIVE TO SIGHTLINE U3O8 – With major uranium producers committing to supply cuts in response to record low U3O8 prices, the industry is poised for a strong price trend reversal. As producers take steps to drive U3O8 prices upward, examining the demand side of the U equation becomes critical. Many headlines would suggest that Uranium …
EXCLUSIVE TO SIGHTLINE U3O8 – As discussed last month in Part 1, many analysts will cite uranium underfeeding (enrichment of tail assays) and subsequent sale of low-enriched uranium (LEU) on the spot market as one of the key drivers behind the fall of U3O8 prices. Lower demand drove enrichers to increase underfeeding to prop up …
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 …
PERTH (miningweekly.com) – Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation under care and maintenance. Paladin previously told shareholders that the medium-grade ore stockpiles currently being used as feed for the …
Swakop Uranium which owns the Husab uranium mine, one of the biggest uranium mine in the world, was the largest employer in the country’s mining industry in 2017, according to the Chamber of Mines CEO, Veston Malango. Malango highlighted this in his welcoming remarks at the two-day 7th Namibia Mining Expo and Conference which kicked …
VANCOUVER, British Columbia, April 25, 2018 – Anfield Energy Inc. (TSX.V:AEC) (OTCQB:ANLDF) (FRANKFURT:0AD) (“Anfield” or “the Company”) is pleased to announce that it has identified vanadium exploration targets in its recently-acquired exploration database of mining projects in the Western United States. These targets, found in both Colorado and Utah, are considered complementary to Anfield’s Utah-based …
AKRON, Ohio, April 25, 2018 /PRNewswire/ — FirstEnergy Solutions (FES), a competitive generation subsidiary of FirstEnergy Corp. (NYSE: FE), today announced that it has filed a Certification Letter with the U.S. Nuclear Regulatory Commission (NRC) formally notifying the Commission of its decision to permanently deactivate its nuclear power plants – two in Ohio and a third …
The loading of fuel assemblies into the core of unit 1 of the Sanmen nuclear power plant in China’s Zhejiang province began today following the issuance of a permit by the country’s nuclear regulator. The unit is later this year expected to become the first Westinghouse AP1000 to enter operation. Westinghouse said China’s National Nuclear …
WASHINGTON — The CEO of the U.S. nuclear power firm Westinghouse Electric Co. — which used to be under the Toshiba Corp. umbrella and which filed for bankruptcy in March 2017 — has told the Mainichi Shimbun that the “nuclear renaissance” in the 2000s “was not realistic.” Company chief Jose E. Gutierrez added that the …
The European Union must ensure it retains sovereignty over energy and climate, French President Emmanuel Macron told the European Parliament last week. Reducing emissions must remain a priority for Europe, and replacing phased-out nuclear plants with coal would not achieve this, he warned. In an introductory address to a debate on the future of Europe, …
UEX Corporation (UEX:TSX) (“UEX” or the “Company”), through its 100%-owned subsidiary, CoEX Metals Corporation (“CoEX”) is pleased to announce the third tranche of assay results have been received for fourteen additional holes from the Phase 1 winter drilling program on the 100%-owned West Bear Cobalt-Nickel Prospect, located in the eastern Athabasca Basin of northern Saskatchewan. …
Toronto, ON – April 25, 2018 Denison Mines Corp. (“Denison” or the “Company”) (DML: TSX, DNN: NYSE American) is pleased to report the expansion of the Huskie zone with the receipt of chemical assay (“U3O8 ” ) results from the Company’s winter 2018 diamond drilling program on the 64.22% owned Waterbury Lake project. The winter …
Andrea Jennetta , Contributor Financial carry trade uranium deals still offer the cheapest supply source for nuclear utilities in 2019-2022. Paladin CEO Alexander Molyneux said last week that such contracts “remain the most competitive source of supply” for uranium fuel buyers, despite indications from the U.S. Federal Reserve that interest rates will rise four times this year for …