‘Paralysis in the market’: Cameco to layoff staff, indefinitely idle uranium plants in ‘confusing times’

In the face of rockbottom uranium prices, Cameco is indefinitely shutting down its Key Lake mill and McArthur River mines. Denis O’Hara, 61, has worked for Saskatchewan-based Cameco Corp. in its Key Lake uranium mill for eight years and had hoped to retire there. Instead, he learned on Wednesday evening that he and about 500 …

Nuclear still UK’s main low-carbon power source

The Digest of UK Energy Statistics (DUKEs), published today by the Department for Business, Energy and Industrial Strategy (BEIS), shows low-carbon sources of electricity accounted for a record 50.1% of power generated in the UK in 2017, which is up from 45.6% the previous year. This figure consists of 21.0% from nuclear, 14.8% wind (onshore …

Cameco Reports Q2 and its Decision to Suspend Production at MCA/KEY for an Indeterminate Duration

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards (IFRS). “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” …

V.PLU Announces Maiden Mineral Resource Estimate for Falchani Lithium Deposit TSX Venture Exchange

Plateau Energy Metals Inc. (“Plateau” “PLU” or the “Company”) (TSX VENTURE:PLU) (FRANKFURT:QG1) (OTCQB:PLUUF), a lithium and uranium exploration and development company, is pleased to announce a maiden Lithium Mineral Resource estimate for the Falchani Project located on the Macusani Plateau in the Puno District of southeastern Peru. The estimate was prepared by The Mineral Corporation …