The French creditor that forced uranium miner Paladin Energy into administration is now threatening to torpedo its recapitalisation. Creditors of the collapsed miner yesterday voted in favour of a restructure proposal put forward by unsecured bondholders that would have the company continue operating as a going concern and be reinstated to the Australian Securities Exchange. …
TORONTO, ONTARIO–(Marketwired – Dec. 7, 2017) – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at November 30, 2017 was CAD$478.5 million or CAD$3.61 per share. As at November 30, 2017, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: …
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 …
JOHANNESBURG (Reuters) – South Africa plans to push ahead with its nuclear expansion plan but will now do so at a slower pace because there has been a fall in demand for electricity owing to a struggling economy, energy minister David Mahlobo said on Thursday. South Africa has the continent’s only nuclear power station and …
LONDON (Reuters) – The British government will provide up to 56 million pounds of funding for research and development in mini-nuclear plants, it said on Thursday. The funding will be available over the next three years and will be used to assess the potential of designs of advanced and small modular reactors (SMRs) and accelerating …
JOHANNESBURG (miningweekly.com) – ASX-listed Boss Resources has entered into a binding conditional agreement to buy Wattle Mining – the owner of 20% of the shares in the Honeymoon uranium project – in a move that will give the company full ownership of the South Australian project. Consolidating the ownership sets the Honeymoon project on the path to be Australia’s next uranium producer, with production of about …
UEX Corporation (UEX:TSX) (“UEX” or the “Company”) is pleased to announce that the Company has increased its interest in the Christie Lake Project to 45%. UEX has completed the required $1 million property payment to JCU (Canada) Exploration Company Limited (“JCU”) and its 2017 exploration work commitments under the Christie Lake Option Agreement prior to …
Toronto, Ontario, December 6, 2017 – Purepoint Uranium Group Inc. (TSXV: PTU) (the “Company”) is pleased to announce the closing of the final tranche of the previously announced non-brokered private placement for aggregate gross proceeds of $680,000. In connection with the final tranche closing, the Company issued 6,800,000 flow-through units at a price of $0.10 …
Vancouver, BC – Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce the results from its 2017 summer/fall diamond drilling program at its flagship 35,705 hectare Moore Uranium Project, located approx. 15 kilometres east of Denison Mine’s Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. Drill hole …
PARIS, Dec 5 (Reuters) – France’s ASN nuclear regulator has given approval for the country’s state-controlled utility EDF to restart its Tricastin nuclear reactors, the ASN said in a statement. The ASN said it had given approval for EDF to restart reactors 2, 3 and 4. The four reactors have been offline since September as …
