Uranium Mining News

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 […]

Mesa Uranium acquires uranium leases

Mesa Uranium Corp. (TSX-V: MSA) ("Mesa" or the "Company") is pleased to announce the acquisition from the State of a Utah a uranium lease consisting of 2,560 acres located in the Seven Mile Uranium District of Southeastern Utah.

Massive uranium supply/demand gap developing

Speakers at a London conference point to a massive supply gap developing for uranium, with mine output unable to keep up with demand from the huge number of planned new global nuclear power projects.

Toro achieves majority ownership in Birrindudu uranium JV in WA with Cameco

Toro Energy Limited ("Toro" / ASX: TOE) is pleased to announce that, following expenditure of more than A$1million and successful completion of five Reverse Circulation (RC) and thirteen aircore drill holes, Toro has achieved a majority 50.01% ownership

Rare earths lining to impact Minerals Ltd. Botswana uranium play

The Perth-based junior says drilling has shown widespread uranium and rare earth elements at its 100% owned uranium project in Botswana.

Hunt For Uranium Assets Starts To Get Heated

The global uranium market is dominated by just 10 players – companies that account for 60% of the world’s production of yellow cake. While Canada’s Athabasca Basin remains the hotspot for the highest-graded uranium coming out of the ground, other countries are pushing hard to ramp up their own uranium markets, such as Kazakhstan, Tanzania and Namibia, which is about to finalize its first nuclear policy by the middle of the year.

China’s nuclear reprocessing breakthrough may greatly reduce future uranium imports

(Editor's note: This story was originally published on Jan. 11, 2011) China's pilot nuclear reprocessing project could extend the life of the nation's domestic uranium reserves by thousands of years if it becomes commercially viable, […]

Deep Yellow delivers strong pre-feas results for Namibian uranium project

Proactive Investors Australia reports: Strong positive interim Pre-Feasibility Study (PFS) results have been recieved by Deep Yellow (ASX: DYL) for its wholly-owned Omahola uranium project in Namibia, highlighting its economic potential.

Looking Forward: 2011

In my yearly forecast letter last year, "Looking Forward: A Year In Transition," I expected the shape of 2010 to be up better than most expected in the beginning of the year, and tail off by the […]

Tournigan Reports 94% uranium recovery from Kuriskova test work

Vancouver, British Columbia--Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) today reported high recoveries of both uranium and molybdenum from metallurgical test work conducted by Hazen Research, Golden, Colorado. The results indicate uranium and

Fission Energy Corp. (TSXV: FIS) – Positive Results Continue at Waterbury Lake; $8 MM Winter Drill Program to Commence in January 2011

Investment Highlights Drilling at the J-Zone discovery on the company’s 50% owned Waterbury Lake property has continued to intersect significant intersections of high grade uranium. We expect the winter drill program should give us sufficient […]

Mesa Uranium Corp. (TSX-V: MSA) – FINAL REPORT – Letter of Intent Signed to Acquire Potash Project

Investment Highlights Mesa signed a letter of intent to acquire the Pine Valley potash project in August 2010. This project is located in southwestern Utah. Historical records show that this project has 82.7 million tons […]

Australia's "forgotten" rare earths

There’s about 10 million contained tonnes of rare earths lying in just one mine in Australia – but whether they will ever extracted is in doubt. Welcome to Australia’s forgotten rare earth deposits.

Junior Companies Mine Their Own Business

Metals investors are used to seeing junior companies founded on a good idea and healthy amounts of hope. However, those times might be over as investors are witnessing an important shift in the market. A few juniors have decided to […]

The USA needs URZ

Introduction Uranium, a naturally occurring radioactive element is fairly common in the Earth's crust, groundwater and seawater. Usually found in concentrations of 2-4 parts per million (ppm) it's as common as tin, tungsten, molybdenum, etc. […]