Uranium has been mired in a protracted slump since 2011 and despite claims by some pundits that a rally is looming, its price continues to fall, leaving it down by 12% over the last year. This has had a deleterious impact on uranium miners, with many — including the world’s largest publicly traded uranium miner Cameco Corp. (TSX:CCO)(NYSE:CCJ) shuttering …
Annual report says Saskatoon-based company lost $205M in 2017; Cameco blames global oversupply. Cameco admits it’s a difficult time to be in the uranium-mining business, but the Saskatoon-based company hopes conditions will improve. In the company’s latest annual report, Cameco said its net losses amounted to $205 million in 2017. In 2016, the company lost …
TORONTO, April 05, 2018 (GLOBE NEWSWIRE) — Uranium Participation Corporation (“UPC” or the “Corporation”) today filed its Financial Statements and Management’s Discussion & Analysis (“MD&A”) for the year ended February 28, 2018. Both documents can be found on the Company’s website (www.uraniumparticipation.com) or on SEDAR (www.sedar.com). The highlights provided below are derived from these documents and …
An agreement recently reached between Japan Atomic Power Co. and six municipalities in Ibaraki Prefecture concerning the Tokai No. 2 nuclear plant highlights the sensitivities in the relationship between power companies and local governments in areas where nuclear power facilities are located. For the first time as a nuclear power plant operator, Japan Atomic Power …
Welcome back to Talking Stocks Over a Beer. Rarely do you get the kind of market insights today’s guest delivers… 30-year uranium industry veteran Scott Melbye joins me for a deep-dive into the industry to discuss the drivers for the next uranium bull market. We’ll also discuss my contrarian investment strategy, and the importance of …
VANCOUVER, British Columbia, April 05, 2018 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V:AEC) (OTCQB:ANLDF) (FRANKFURT:0AD) (“Anfield” or “the Company”) is pleased to announce the receipt of an NI 43-101 compliant mineral resource technical report for the Nine Mile Lake uranium project, entitled “Nine Mile Lake Uranium Project, Mineral Resource NI 43-101 Technical Report, Natrona County, Wyoming, USA” with effective date …
GoviEx Uranium Inc. has provided the results of a review study performed by Synexus Pty. Ltd. to identify and assess opportunities to use membrane separation technologies to reduce the capital and operating expenses, as well as increase efficiency in the recovery of uranium and molybdenum, at the company’s fully permitted Madaouela project in Niger. “The …
The comment below comes from the Uranium Research Team at Cormark Securities Inc. Our house view is still that the major catalyst to drive a Uranium rally is the striking of a new LONG-TERM contract…….Cameco is determined to do its part to clean up the spot market (see below) but really the main objective is spooking the …
TORONTO, April 04, 2018 (GLOBE NEWSWIRE) — Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at March 31, 2018 was CAD$462.3 million or CAD$3.49 per share. As at March 31, 2018, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in …
ANKARA (Reuters) – Turkey’s TAEK atomic energy authority on Monday granted Russian builder Rosatom a construction license to start work on the first unit of the Akkuyu nuclear power plant, the state-run Anadolu news agency said. The grant comes a day before a visit by Russian President Vladimir Putin to Ankara, where Putin and Turkish …
