Production underway at Cameco, Areva’s Cigar Lake
Cameco’s (TSX: CCO; NYSE: CCJ) Cigar Lake — one of the most technically challenging mining projects in the world — has started production after years of delays and mine plan re-engineering.
Uranium
Enexco jumps on uranium hit at Mann Lake
International Enexco (TSXV: IEC) saw its shares climb 23% after announcing the thickest and highest grade hit yet from its 30%-held Mann Lake uranium property in Saskatchewan’s prolific Athabasca basin.
Cigar Lake production shines spotlight on Denison Mines
The start of ore production at Cameco Corp.’s (TSX: CCO; NYSE: CCJ) Cigar Lake uranium mine is good news for Denison Mines (TSX: DML; NYSE-MKT: DNN), which owns 22.5% of the McClean Lake mill where all of Cigar Lake’s ore will be…
PDAC: What turns a discovery into a mine?
Less than half of the discoveries made since 1950 have turned into mines so far, Richard Schodde, managing director of Melbourne-based MinEx Consulting, said at the recent Prospectors & Developers Association of Canada’s annual…
Every hole a hit as Fission joins zones at PLS
VANCOUVER — Thirty-six holes into a 90-hole winter program, the five drill rigs at Fission Uranium’s (TSXV: FCU; US-OTC: FCUUF) Patterson Lake South (PLS) project are batting 100% in their hunt for mineralization between the known…
Denison rises on Wheeler River results, Japan nuclear news
VANCOUVER — Denison Mines (TSX: DML; NYSE-MKT: DNN) plans to complete 60,000 metres of drilling on 13 properties in 2014, and the first set of results suggest the company’s big plans could pay off.
Paladin suspends production at Kayelekera
VANCOUVER — In the most significant curtailment of today’s uranium cycle, Paladin Energy (TSX: PDN) is suspending production its Kayelekera mine in Malawi until the uranium price recovers.
Southwest Athabasca heating up thanks to NexGen, Fission
VANCOUVER — Two companies with neighbouring uranium properties released stellar drill results on the same day, stoking further excitement that the long-overlooked southwest edge of the Athabasca basin hosts significant uranium at shallow…
Japan sees reactors in future, uranium investors rejoice
It didn’t come as a total surprise, but the Japanese government’s pronouncement that nuclear reactors will be part of its future offered uranium miners and investors alike the shot in the arm that has been so long overdue.
Ur-Energy flaunts its Lost Creek project
Ur-Energy (TSX: URE; NYSE-MKT: URG) has impressed many analysts with stellar uranium grades from its relatively new Lost Creek in-situ recovery facility in Sweetwater County, Wyo., despite missing initial production targets.
Forum Uranium hopes 2014 will be a breakout year
For a pint-sized explorer and developer with a market capitalization of $11 million and $4 million in cash, Forum Uranium (TSXV: FDC; TSX: FDCFF) has grand plans for its projects in Saskatchewan and Nunavut. But then the company also has some…
Uranium Participation lands $50M financing
VANCOUVER — Uranium Participation’s (TSX: U) business model is simple: own uranium.