Top uranium producer Kazakhstan hikes tax
Kazakhstan, the world’s largest producer of uranium, is increasing its mining tax on the nuclear fuel by at least 50% next year. The central-Asian country is to raise the rate…
Uranium
Friedland warns of copper ‘crisis’ as mine costs soar
Boca Raton, Fla. – Miners and analysts gathered this week in a sweaty beach city in southeast Florida to ponder why the industry gets the cold shoulder from most investors. Copper…
CanAlaska rises on 21.6 metres of 3.44% eU3O8 at Pike zone
CanAlaska Uranium (TSXV: CVV; US-OTC) stock jumped more than 10% on a rich hit of 21.6 metres grading 3.44% uranium oxide equivalent (eU3O8) at its West McArthur project in Saskatchewan….
Niger nixes GoviEx Uranium mining licence
Niger’s government revoked GoviEx Uranium‘s (TSXV: GXU; US-OTC: GVXXF) mining licence after it failed to start the Madaouela mine, one of the world’s largest projects for the nuclear fuel, by…
BHP cuts employee incentives by 20% globally – report
BHP (LSE: BHP; NYSE: BHP; ASX: BHP), the world’s largest miner is reportedly reducing by 20% short-term incentives offered for the 2023-24 fiscal year to all employees, the Australian Financial…
Paladin Energy to acquire Fission Uranium for $1.1B in all-stock deal
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has agreed to be acquired by Australia’s Paladin Energy (ASX: PDN; US-OTC: PALAF) in an all-stock agreement valued at about $1.1 billion. The acquisition…
EnCore starts uranium production at second plant in US
The company has become the only uranium producer in the US with multiple production facilities in operation.
F3 Uranium hits 2 metres at 31.4% U3O8 at JR zone in Saskatchewan
Drilling at F3 Uranium‘s (TSXV: FUU; OTCQB: FUUFF) Patterson Lake North project in Saskatchewan has returned 2 metres of 31.4% uranium oxide (U3O8) from the JR zone. The news sent…
Investors should heed growing supply after uranium’s recent runup
Uranium prices surged from just over US$50 per lb. in April 2023 to more than US$100 per lb. by January 2024. Since then, there has been a moderate pull-back; uranium…
Most energy and mining projects 20% in the red: study
Miners and energy companies are facing average budget overruns of 15% to 20%, which puts nearly US$1.5 billion of capital invested in energy transition-related projects at risk each year through…
Fission’s drilling detects high gamma rays near Saskatchewan uranium site
The first six holes of Fission Uranium’s (TSX: FCU; US-OTC: FCUUF) resource upgrade drill program on one of the zones at its Patterson Lake South (PLS) project in northern Saskatchewan…
Denison plans PEA for Midwest uranium project after in-situ recovery field tests
Denison Mines (TSX: DML; NYSE: DNN) says it has completed the inaugural in-situ recovery (ISR) field test program at its Midwest joint venture project in northern Saskatchewan and plans to…