Cameco halts conversion facility in Ontario
Canada’s Cameco (TSX: CCO; NYSE: CCJ), the world’s largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility in Ontario in a temporary safe shutdown…
Uranium
NexGen Energy well positioned to benefit from uranium price increase
The COVID-19 pandemic continues to negatively impact commodity markets, with prices for metals such as copper, zinc, lead, aluminium and many others falling rapidly since the shuttering of mines and…
Cameco, Orano suspend Saskatchewan operations due to COVID-19
Uranium companies Cameco (TSX: CCO; NYSE: CCJ) and Orano Canada are suspending mining and processing activities at their operations in northern Saskatchewan due to COVID-19. The two companies jointly agreed to…
Colombia, Ecuador & Peru Snapshot: Companies active in prospective countries
Colombia, Ecuador and Peru all host prospective geological settings for mineral exploration. While they remain under-explored by modern-day standards, South America’s reputation as an established mining destination gives a head…
The Northern Miner Podcast – episode 175: Confident Cameco sees nuclear power as ‘indispensable tool’ to fight climate change
This episode features excerpts from Cameco’s Feb. 7, 2020, conference call. Cameco president and CEO Tim Gitzel discusses the fundamentals of the uranium market, spot market purchases, vision and strategy,…
Trump administration seeks to boost US uranium mining sector
As part of U.S. President Donald Trump’s proposed federal budget for fiscal 2021, his administration is requesting US$150 million annually over the next decade to stockpile U.S.-mined uranium in a…
TSX posts gain, Jan. 31-Feb. 7: Aura Minerals, Caledonia Mining, Cameco, Semafo, Kirkland Lake
The S&P/TSX Composite Index rose 1.95% to 17,655.50. The S&P/TSX Global Mining Index fell 0.67%% to 78.49 and the S&P/TSX Global Base Metals Index rose 3.35% to 98.30. Spot gold…
Haywood bullish on uranium sector fundamentals
While uranium spot prices were down 14% in 2019, supply and demand fundamentals for uranium are the “most bullish in years,” and the sector “offers its most compelling value proposition…
Uranium snapshot: Energetic juniors with attractive assets
While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently…
Uranium holding companies offer alternative to producers
The uranium spot price has hovered around US$25 ($32.86) per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The…
Top-10 large, high-grade uranium projects
Uranium companies have been awaiting a price recovery since the Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016 the spot uranium price has remained below US$30 per…
Ontario, Saskatchewan and New Brunswick sign MOU on SMRs
The governments of Ontario, Saskatchewan and New Brunswick have signed a memorandum of understanding (MOU) committing their provinces to the development and deployment of a new type of nuclear technology…