Uranium Top Stories

Private investors shun mining amid “escalated investor concerns”

New report shows private funds raising money for investment in…

Brazil to restart country’s only uranium mine

Operations at Caetité have been halted since 2014.

Latest Stories

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.

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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.

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.