The board of uranium explorer Vimy Resources has given its members a haircut and slashed executive pay just months after wrapping up a feasibility study on the company’s flagship Mulga Rock project, 240km north-west of Kalgoorlie-Boulder. Non-executive directors will take a 10 per cent pay cut from this financial year. Meanwhile executive remuneration could also …
The Nuclear Regulation Authority approved safety measures at the only nuclear plant in the Tokyo metropolitan area, but questions remain on whether its aging reactor can restart and if its operator will survive. At a July 4 meeting, the NRA concluded that Japan Atomic Power Co.’s measures to protect the Tokai No. 2 nuclear plant …
Safer reactors designed in the U.S. and Europe make their power grid debuts in China Nine years after construction began at China’s Sanmen nuclear power plant, the world’s first AP1000 unit has connected to the grid. Call it the world’s slowest photo finish. After several decades of engineering, construction flaws and delays, and cost overruns—a …
The Bacchus Securities-based pure uranium play raised £150 million (US$200 million) in its float on AIM this week. The pitch to investors is there is only upside in the energy mineral price now with major producers like Cameco cutting production to improve their margins, which have been slim-to-negative for several years. Yellow Cake has managed …
The uranium trader is using the money raised to buy up 8.1mln pounds of the radioactive metal, which it believes is “fundamentally mispriced” Uranium trader Yellow Cake PLC (LON:YCA) has made its debut on AIM this morning (Thursday July 5). Yellow Cake – a nickname for uranium – is backed by Bacchus Capital, the corporate finance boutique …
AZARGA URANIUM CORP. (TSX:AZZ, FRA: P8AA, OTCMKTS: PWURF) (“Azarga Uranium”) and URZ ENERGY CORP. (TSX-V: URZ, OTCQB: URZZF) (“URZ Energy”) are pleased to announce the completion of the previously announced merger between the two companies. Azarga Uranium has acquired all of the issued and outstanding shares of URZ Energy for consideration of 2.0 Azarga Uranium …
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 continued strong results from four recently completed vertical and one inclined diamond drill holes from Platform 10, Platform 25 and Platform 6, located up to 1 km north of previously announced drilling and …
EXCLUSIVE TO SIGHTLINEU3O8 – We continue to look at the corporate variables and attributes important to investors along the lines of Management, Projects, and Financial Stability. This month we have compiled and presented data surrounding management compensation. The companies we include operate at a variety of stages, in a variety of jurisdictions, and utilize a variety of …
The U.K. government earmarked 200 million pounds ($262 million) to smooth the way for the next nuclear power plants just two days after rejected the case for an experimental project that would generate power from the tides. The Department for Business, Energy and Industrial Strategy said its Nuclear Sector Deal will fund technology and skills …
NUCLEAR power could return to Trawsfynydd under a new £40 million scheme to build ‘mini’ atomic power plants in the UK. The UK Government’s Business and Energy Secretary, Greg Clark, is set to announce £200m of funding for the nuclear industry at Trawsfynydd later today with an additional £40m going to support the design of …
