Uranium Mining News

Uranium stocks take a thrashing

While the jury remains out on exactly what went wrong at certain tsunami-and earthquake-impacted nuclear power reactors in Japan, investors took decisive action on Monday, selling down listed uranium stocks by up to a third. Smaller stocks were especially punished. During Australian trade, Pitchstone Exploration was sold down by 32% on the day. The world's biggest listed uranium producer, Canada's Cameco, fell 12.7% to close at $31.70.

Fukushima crisis creates big fallout in Australian uranium stocks

Australian uranium counters took a substantial hit on Monday in the wake of the crisis at the Fukushima nuclear power plant in Japan.

Worries about Japan's nuclear reactor are overblown

Media coverage of the Japanese nuclear power plant that suffered damage after Friday's earthquake is overblown, according to Dr. Josef Oehmen, a research scientist at MIT. His thoughts were summarized in a blog post that is […]

Western Lithium completes purchase of royalties and mineral property titles from Western Uranium

Western Lithium USA Corporation (WLC) and Western Uranium Corporation (WUC) said Friday that they have completed the previously announced transaction for the sale, by WUC to WLC, of the royalties and titles constituting substantially all […]

Denison gets permits to re-open 3 uranium mines near Grand Canyon

Denison Mines Corp. has secured permits needed to reopen three uranium mines near the Grand Canyon, CB Online is reporting. The Toronto-based company already operates one uranium mine on federal land north of the iconic park. The company processes the ore extracted from the mine at a mill in Blanding, Utah.

Uranium sector could be in for a 'cruel blow' after disaster in Japan

The Fukushima Daiichi Nuclear Power Plant has been in the news after the earthquake in Japan cut off the plant's cooling system. Robin Bromby, writing for The Australian, says that all the sensational news could […]

Denison Mines reports $14.2mn loss for 2010

Denison Mines reported 1,442,000 pounds of uranium oxide and 2,347,000 pounds of vanadium blackflake last year. The company had originally forecast 1.6 million pounds U3O8 and 2.8 million pounds of vanadium production for 2010. Production for the fourth-quarter totaled 234,000 pounds of uranium oxide and 391,000 pounds of vanadium.

Vena's Uranium Resource Expansion Program in Macusani Successfully Extends Higher Grade Uranium Zone to South and West

Vena Resources Inc. ("Vena" or the "Company") (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(XETRA®:V1R.DE), a Company with strong partnerships with some of the world's largest mining companies, is pleased to announce the initial results of the third major drill campaign on […]

Pancontinental Uranium Corporation: High Value Rare Earth Elements ("REE") Stream Sediment Results and New REE Hard Rock Drill Intersection at Charley Creek Project

Pancontinental Uranium Corporation (TSX VENTURE:PUC) ("Pancon") and its joint venture partner Crossland Uranium Mines Limited ("Crossland") (ASX:CUX) are pleased to provide the following update on the latest results from their expanding (REE) exploration program at […]

China’s war chest could dissuade other bidders for Kalahari Minerals

China's move on Kalahari Minerals could flush out other bidders for the uranium miner but even long-term suitor Rio Tinto may balk at getting into a bidding war with such a formidable foe.

Forum and Mega Option the Maurice Bay Uranium Deposit From Cameco

Forum Uranium Corp. (TSX VENTURE:FDC) is pleased to announce that the Company has entered into an option agreement with Cameco Corporation whereby Forum and Mega Uranium Ltd. may jointly earn a 60% interest in the 98 square kilometer North West Athabasca project, including the historical 1.5 million pound Maurice Bay uranium deposit in the Western Athabasca Basin.

Nunavut government plans public consultation on uranium mining: CBC

CBC reported that there will be a series of public forums held across Nunavut to guage the public's views about uranium mining.

Uranium One announces net loss of 142.8 million in fourth quarter

Uranium One, the world’s largest publicly-traded uranium producer, reported on Tuesday a net loss of $142.8 million in the fourth quarter. In 2009 the company reported positive earnings of $179.8 million for the same period. The loss was attributable to a one-time charges. The company said that the carrying value of the Honeymoon Uranium Project was written down by $113.5  million due to the strengthening of the Australian dollar and increased capital expenditures.

Energy Fuels' Pinon Ridge Uranium/Vanadium Mill Receives Final Radioactive Materials Licence from State of Colorado

Energy Fuels Inc. (TSX:EFR), an advanced uranium and vanadium development company, was issued the final Radioactive Materials Licence for the Piñon Ridge Uranium Mill today. As previously announced on January 5, 2011, the Colorado Department of Public Health and Environment ("CDPHE") approved a Radioactive Materials Licence for the 500-ton per-day Piñon Ridge Mill facility to be constructed 12 miles west of Naturita, Colorado in western Montrose County.

Nonferrous minerals exploration rebounds 45% to second-highest total on record

Responding to rising metals prices and more stable markets, most mining companies increased exploration budgets in 2010. The result was a 45% increase in estimated worldwide nonferrous metals exploration spending over 2009. Regionally, Latin America (led by Mexico, Peru, Chile, Brazil, and Argentina) was the top exploration destination in 2010-a position it has held for the better part of two decades-while Canada was the top country overall. Gold was the leading target, attracting more than half the global exploration budget total, with copper a distant second.

Junior perseveres with bold bid to find Olympic Dam clone

Tasman Resources says the latest drilling on its Vulcan prospect near Olympic Dam shows evidence of "significant" iron oxide copper gold uranium mineralisation.

Pele Mountain releases resource estimate for Eco Ridge

Pele Mountain Resources has released an NI 43-101 resource estimate for its Eco Ridge uranium and rare earths project in Elliott Lake, Ontario. The resource includes 51.9 million pounds of indicated total rare earth oxides […]

Denison Mines acquires White Canyon Uranium through friendly takeover

White Canyon Uranium has agreed to a friendly takeover by Denison Mines Corp., the companies announced on Feb. 22. Denison will pay AU$57 million to acquire 100 percent of White Canyon's issued shares at 24 Australian […]

The decade of uranium

By Dan Oancea, InfoMine In this series of short articles I present a few of my notes and observations on thermal coal, uranium, vanadium, molybdenum, copper and gold — commodities that were discussed at Roundup 2011 […]

Pro, anti uranium forces butt heads in Australia

Pro and anti-uranium mining unions are marshalling forces in Queensland, Australian Mining is reporting. On the pro-side, the article says that the Australian Worker Union (AWU) will lobby governments to expand mining and overturn bans. On the other side, the Electrical Trades Union (ETU), which mostly represents electrical, communications and power industry workers, says it will oppose the expansion of uranium mining in Australia, citing safety concerns around exposure to radiation.

Cameco forecasts lower 2011 uranium production

Cameco CEO Jerry Grandey said the company "had an excellent year in 2010" as the company achieved the best safety record in its history, increased production and raised its dividend.

Cameco taps nickel-zinc mine in Finland for more uranium

Cameco announced on Wednesday that it had reached an agreement with the Talvivaara Mining Company Plc. to help process uranium at the Sotkamo nickel-zinc mine in eastern Finland.

TSX top exchange for investors seeking exposure to record commodities prices

The record prices of copper and food items such as beef, record fuel prices in the UK and Europe, with new record prices in gold and silver right around the corner, investors are wondering how they can participate in the commodities super bull market now emerging.

First new U.S. uranium mill in 30 years closer to construction

A Colorado court refused to overturn a special use permit for Energy Resources’ proposed Pinion Ridge uranium mill project, on its way to becoming the second uranium mill in the country.

Global Key Uranium Mining Companies Benchmarking Analysis: Peer Comparison of Key Uranium Mining Companies on Key Financial and Operational Parameters

Summary: The global key 10 uranium mining companies saw a marginal increase in revenue and operating income, and a decline in average return on capital employed in the financial year ended 2009. The industry saw […]