NAC Kazatomprom has changed its strategy to be more responsive to prevailing market conditions, CEO Galymzhan Pirmatov told delegates attending the World Nuclear Association Symposium 2018 in London today. Over the past 20 years the Kazakh uranium producer has transformed from a small uranium company to the largest uranium producer in the world, and diversified …
Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …
Power was restored to a nuclear energy plant in Hokkaido, northern Japan on Thursday after a strong earthquake left it relying on emergency generators for 10 nervous hours, but it may be a week before lights are back on all over the major island. Triggering a blackout just after 3 a.m. local time, the magnitude …
Uranium Participation Corporation (“UPC” or the “Company”) (TSX:U) is pleased to announce the appointment of Mr. Tim Gabruch as Chief Commercial Officer effective September 5, 2018. Mr. Gabruch will assume responsibility for all of UPC’s commercial activities over the next several months, as part of an orderly transition of duties from Mr. Scott Melbye, UPC’s …
Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that BRS Engineering, Inc. (“BRS”) has completed a resource estimate for the Charlie uranium project (the “Charlie Project”) located in the Pumpkin Buttes Uranium District in Johnson County, Wyoming. In March 2018, Anfield announced that it had entered into …
Denion Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce the appointment of Mr. Tim Gabruch, as Vice President Commercial. Tim will be based in the Company’s Saskatoon office and will be tasked with building an “end to end” sales, marketing and commercial function that is consistent with the …
EXCLUSIVE TO SIGHTLINE U3O8 – In 2011, after suffering nearly three years of declining U3O8 prices, uranium companies were energized at what appeared to be a rapid return in the spot price as it leapt nearly 50% to close the month of February at US$70.00. Two weeks later, the excitement came to an abrupt halt …
Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce that it has entered into an agreement with Cameco Corp. (“Cameco”) to increase its ownership in the Wheeler River Uranium Project (“Wheeler River” or the “Project”) through the acquisition of Cameco’s minority interest in the Project (the “Transaction”). Pursuant …
Japan is set to once more reduce its reliance on LNG and increase use of nuclear power, according to reports cited by Reuters. The country is restarting more nuclear reactors this year, with Kansai Electric and Kyushu Eelectric both having put their nuclear operations back into action recently. Kansai Electric Power is set to restart its …
A draft updated Integrated Resource Plan (IRP) approved by South Africa’s cabinet on 22 August sees the country’s nuclear capacity remaining at its current 1830 MWe over the period to 2030. Energy Minister Jeff Radebe yesterday released the plan for public comment. Under IRP 2018, coal would represent 46% of South Africa’s installed capacity mix, …
