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Uranium

Production has not kept pace due to years of underinvestment, says Texas-based UEC
Uranium firms revive forgotten mines as price of nuclear fuel soars
3rd March 2024 By: Bloomberg

Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel. At least five US producers are reviving... 


C$134m gain in physical uranium pushes Denison to highest EPS in 17 years
C$134m gain in physical uranium pushes Denison to highest EPS in 17 years
1st March 2024 By: Mariaan Webb

Toronto- and New York-listed Denison Mines, which is advancing the Wheeler River project in the Athabasca basin, has reported its highest earnings a share since 2007. The company’s earnings a... 


IsoEnergy preps Utah uranium mine for 2025 restart
IsoEnergy preps Utah uranium mine for 2025 restart
1st March 2024 By: Creamer Media Reporter

TSX-V-listed IsoEnergy will reopen its past-producing Tony M mine, in Utah, and aims to restart uranium mining production operations in 2025. The decision, IsoEnergy says, is underpinned by rising... 


Peninsula seals uranium supply deal with European buyer
Peninsula seals uranium supply deal with European buyer
1st March 2024 By: Mariaan Webb

ASX-listed Peninsula Energy has announced a new sales agreement for the supply of 1.2-million pounds uranium yellowcake from its Lance projects, in Wyoming, to European nuclear fuel buyer Synatom.... 


Canada to expedite approval of new nuclear projects
Canada to expedite approval of new nuclear projects
1st March 2024 By: Reuters

Canada will expedite the approval process for new nuclear projects, but will not exclude them from the federal environmental review as requested by the province of Ontario, Energy and Natural... 


Honeymoon project to produce first drum of yellow cake this quarter
29th February 2024 By: Creamer Media Reporter

ASX-listed Boss Energy is set to produce its first drum of uranium from the Honeymoon project, in South Australia, this quarter, MD Duncan Craib reported on Thursday. This comes at the company... 


Harmony Gold FD Boipelo Lekubo.
Green energy integrated into Harmony Gold operations, uranium surprises on upside
29th February 2024 By: Martin Creamer

Green electrons are being generated as planned at Harmony Gold’s 30 MW first phase of renewable energy generation, which is now fully integrated into the mining company’s Tshepong South and North... 


Harmony Gold CEO Peter Steenkamp.
Harmony Gold board approves R7.9bn project on back of superb half-year results
28th February 2024 By: Martin Creamer

The board of mining company Harmony Gold has approved the commencement of a R7.9-billion life-of-mine (LoM) extension project at the rich Mponeng gold mine in the West Wits region of South Africa's... 


Trinex gains exposure to Canada’s Athabasca basin
28th February 2024 By: Mariaan Webb

Australia-based resources company Trinex Minerals has executed a binding letter of intent with TSX-V-listed ALX Resources to acquire an up to 75% interest in the Gibbons Creek uranium project, in... 


An image showing uranium from Aura Energy's Tiris project
FEED study confirms exceptionally good economics for Aura’s Mauritania project
28th February 2024 By: Tasneem Bulbulia

ASX- and Aim-listed Aura Energy’s recently completed front end engineering design (FEED) study for the Tiris uranium project, in Mauritania, has confirmed “excellent” economic returns, the company... 


Latitude shareholders approve Atha transaction
28th February 2024 By: Creamer Media Reporter

The shareholders of Canadian junior Latitude Uranium have overwhelmingly approved the previously announced arrangement with Atha Energy. About 99.62% of the votes eligible to be cast at a special... 


Wiluna pilot plant be operational by H2 – Toro
27th February 2024 By: Creamer Media Reporter

ASX-listed uranium development and exploration company Toro Energy is advancing the design phase of its beneficiation and hydrometallurgical pilot plant at a facility in Perth, in line with plans... 


Boss takes key growth step with completion of US acquisition
Boss takes key growth step with completion of US acquisition
27th February 2024 By: Mariaan Webb

Australia’s Boss Energy has completed the acquisition of a 30% stake in the Alta Mesa in-situ recovery uranium project for $60-million in cash. The company acquired the interest in the project,... 


Deep Yellow hikes Mulga Rock resource
26th February 2024 By: Creamer Media Reporter

Uranium developer Deep Yellow has reported a 26% increase in the total contained uranium in the Mulga Rock East project, in the Great Victoria desert of Western Australia, to 71.2-million pounds... 


Sibanye-Stillwater CEO Neal Froneman
Sibanye reports 55.1% increase in lithium carbonate equivalent resources
26th February 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has reported a 55.1% increase in attributable lithium mineral resources as at the end of last year, along with a general expansion and diversification of its... 


Energy Fuels preparing two more US uranium mines for production
Energy Fuels preparing two more US uranium mines for production
26th February 2024 By: Mariaan Webb

In anticipation of continued strength in uranium markets, US-based Energy Fuels is preparing two more mines in Colorado and Wyoming for production and is readying for exploration drilling to... 


Lotus to raise $30m to accelerate Kayelekera restart, Letlhakane development
23rd February 2024 By: Sabrina Jardim

ASX-listed Lotus Resources plans to raise $30-million through the issue of 100-million new shares at $0.30 apiece to strategic investors. The placement funds will enable Lotus to accelerate the... 


France’s $1.6bn uranium deal with Mongolia faces delays
23rd February 2024 By: Reuters

A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A... 


Man in hard hat assessing Enduron high-pressure grinding rolls
Smarter mining key amid current market conditions
23rd February 2024 By: Tracy Hancock

Despite the boon of improved uranium demand, overall, depressed commodity prices and costly operating conditions are emphasising the need for Namibian mining companies to ensure that they mine a... 


Harmony's Moab Khotsong mine
Harmony's shares rise on higher earnings outlook
22nd February 2024 By: Creamer Media Reporter

JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to... 


Western receives C$4.6m from warrant exercises
21st February 2024 By: Creamer Media Reporter

US-focused Western Uranium and Vanadium has received about C$4.5-million in proceeds from the exercise of common share purchase warrants and plans to use most of the proceeds to accelerate the... 


Neo Energy Metals CEO Sean Heathcote
South African uranium project owner to inward list on A2X
20th February 2024 By: Chanel de Bruyn

LSE-listed Neo Energy Metals, which is developing the Henkries uranium project, in the Northern Cape, will inward list its shares on A2X Markets – a South African stock exchange – to enlarge its... 


Goldman, hedge funds step up activity in physical uranium as prices spike
Goldman, hedge funds step up activity in physical uranium as prices spike
20th February 2024 By: Reuters

Investment banks Goldman Sachs and Macquarie, as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient... 


Niger names new ministers of mining and energy in reshuffle
19th February 2024 By: Reuters

Niger's military government has named new ministers of mining and energy in a government reshuffle, splitting up the previous ministry of mines, petrol and energy into three posts, it said on... 


Stallion to sell noncore Athabasca projects
14th February 2024 By: Creamer Media Reporter

TSX-V-listed Stallion Uranium has entered into a definitive purchase and sale agreement, granting Glorious Creation the right to acquire a 100% interest in its Eastern Basin projects, comprising... 


NickelX snaps up Canada uranium project
NickelX snaps up Canada uranium project
14th February 2024 By: Creamer Media Reporter

Australian exploration company Nickel X on Wednesday revealed its successful acquisition of uranium targets through low-cost claim staking in Ontario, Canada. This move aligns with its commitment... 


Nedbank CIB) Energy Finance Co-Head Amith Singh.
Power aggregators seen as key accelerators of South African mining’s energy transition
13th February 2024 By: Martin Creamer

Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining... 


Uranium developers say supply jolt is boosting new projects
Uranium developers say supply jolt is boosting new projects
13th February 2024 By: Bloomberg

Uranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts. Recent talks with prospective... 


Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer
9th February 2024 By: Martin Creamer

Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council... 


Uranium is having more than a momentary surge, says Cameco CEO
Uranium is having more than a momentary surge, says Cameco CEO
9th February 2024 By: Mariaan Webb

The current bullish trend in the uranium market is not just a fleeting moment, uranium major Cameco CEO Tim Gitzel declared on Thursday, stating that the market is driven by global-scale factors... 


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