Bataan nuclear plant revival pushed anew

MANILA, Philippines –  The Philippine Nuclear Research Institute (PNRI) is urging the government to support nuclear energy use and revive the mothballed Bataan Nuclear Power Plant (BNPP) to strengthen the country’s manufacturing sector. Newly-appointed PNRI director Carlo Arcilla said, the rehabilitation of the 32-year-old power facility is viable and is a political decision that should …

NexGen says Arrow deposit ‘in a class of its own’ following PEA

  VANCOUVER — NexGen Energy (TSX: NXE; NYSE-MKT: NXE) has unveiled its maiden mine plan for the high-profile Rook I uranium project along the southwestern edges of Saskatchewan’s Athabasca Basin. On July 31, the company released a preliminary economic assessment (PEA) that outlines a 1,450-tonnes-per-day underground mine with a 17-year life. The study estimates initial capital expenditures totaling …

T.DML: Reports Q2 2017 and Highlights From Promising Summer 2017 Exploration Program

TORONTO, ONTARIO–(Marketwired – Aug. 3, 2017) – Denison Mines Corp. (“Denison” or the “Company”) (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) today filed its Consolidated Financial Statements and Management’s Discussion & Analysis (“MD&A”) for the period ended June 30, 2017. Both documents are available on the Company’s website at www.denisonmines.com or on SEDAR (at www.sedar.com) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are …

T.AZZ: Executes Earn-In Agreement for Kyzyl Ompul for Project Consideration of US$7.6 Million and a Net Smelter Royalty

GREENWOOD VILLAGE, COLORADO–(Marketwired – Aug. 2, 2017) – AZARGA URANIUM CORP. (TSX:AZZ)(FRANKFURT:P8AA)(OTC PINK:PWURF) (“Azarga Uranium” or the “Company”) is pleased to announce that its 70% controlled subsidiary, UrAsia in Kyrgyzstan Limited Liability Company (“UrAsia”), has executed an earn-in agreement (the “Agreement”) with Mining Investment Company Alliance (“Alliance”). The Agreement provides Alliance with an earn-in option to acquire a …

T.U: Uranium Participation Corporation Reports Net Asset Value at July 31, 2017

TORONTO, ONTARIO–(Marketwired – Aug. 3, 2017) – Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at July 31, 2017 was CAD$390.6 million or CAD$3.23 per share. As at July 31, 2017, UPC’s investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: Uranium …

A.RIO: Rio Tinto announces cash generation of $6.3 billion and cash returns to shareholders of $3.0 billion

Rio Tinto chief executive J-S Jacques said “Today we have announced total cash returns to shareholders of $3 billion. By driving performance, focusing on cash and allocating it with discipline we are delivering superior cash returns to our shareholders. “These are strong results: operating cash flow was $6.3 billion and we met our $2 billion cash …

Utility stops construction of new South Carolina nuclear plant in ‘disappointing’ decision

South Carolina’s leading power utility decided Monday to cease construction at the V.C. Summer Nuclear Station’s two reactors after spending nearly $5 billion on the project. Santee Cooper’s board of directors approved the plan to stop construction of reactor units 2 and 3. The facility represented another blow for the nuclear power industry, which has …

T.DML : New High-Grade Discovery on Waterbury Lake Property

Denison Reports High-Grade Uranium Discovery on the Waterbury Lake Property TORONTO, ONTARIO–(Marketwired – Aug. 1, 2017) – Denison Mines Corp. (“Denison” or the “Company”) (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to report a new high-grade uranium intersection in basement rocks from the first hole completed as part of the summer 2017 drilling program at the Waterbury Lake …