Cameco Temporarily Suspends UF6 Production in Port Hope

Cameco Corporation announced it is suspending uranium hexafluoride (UF6) production at the company’s Port Hope plant. As previously announced, a contract dispute between Cameco and its sole supplier of hydrofluoric acid (HF) has resulted in unreliable and expensive deliveries of this material necessary for the production of UF6. The dispute remains unresolved and Cameco has exhausted the inventory... 

Cameco Reports Modest Increase in Water Inflow to McArthur River Mine

Cameco Corporation reported a modest increase in water inflow to a development area of the McArthur River uranium mine. Production areas were not impacted. “The inflow is only about 10% of our total capacity to pump water out of the mine,” said Tim Gitzel, Cameco’s chief operating officer. “We have prepared for just such events and it is being well managed. To prevent rumours,... 

Russell Industries Renews Uranium Unpatented Mining Claims

Russell Industries, Inc., has renewed all 255 of its Unpatented Uranium Mining Claims with the Utah Bureau of Land Management. “The Company feels that regardless of who wins the U.S. Presidential Election, the new administration will focus on evaluating additional sources of energy which will include renewed interest nuclear power plants and reactors. Therefore, it is in Russell Industries’ best... 

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First Uranium enters into exclusive agency agreement with Traxys to market and contract future uranium production

First Uranium Corporation announced that an exclusive agency agreement has been entered into with the Traxys Group, a global metals, minerals and energy marketing company. As per the agreement, Traxys will market, on an exclusive basis, all of the uranium production from First Uranium’s underground Ezulwini Mine and its tailings re-treatment operation at Mine Waste Solutions (“MWS”),... 

Uranerz ISR Mining License Application Accepted for Detailed Review by Wyoming Department of Environmental Quality

Uranerz Energy Corporation announce that the Wyoming Department of Environmental Quality (“WDEQ”) has deemed the Company’s application to build and operate an in-situ recovery (“ISR”) uranium mine “complete” and the WDEQ review process can now move to the next stage. The next stage includes a detailed technical and environmental review of the application and... 

Cameco Acquires Uranium Exploration Interest in Niger

Cameco Corporation announced it has formed a strategic alliance with Govi High Power Exploration Inc. (GoviEx) and acquired an approximate 11% interest in the company for $28 million (US). GoviEx is a closely held exploration company formed in 2006 with uranium exploration assets in Niger, Africa. The company holds about 2,300 square kilometres of exploration property in the region around Arlit, Niger,... 

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Frost & Sullivan Names IPS 2008 Asia Pacific Safety Systems Company of the Year

Invensys Process Systems (IPS), a global technology, software and consulting firm, today announced that it has been named the winner of the 2008 Frost & Sullivan Asia Pacific Industrial Technologies Award for Asia Pacific Safety Systems Company of the Year. The annual award recognizes outstanding performances by companies in the electronics, industrial automation, process control, energy and power... 

Cameco Reports Update on Dewatering at Cigar Lake

Cameco Corporation reports that remediation work at the No.1 Shaft at its Cigar Lake uranium project was temporarily suspended today after an increase in the rate of water inflow to the mine was observed. “Remediation and dewatering of the No. 1 Shaft had been progressing smoothly up to this point,” said Tim Gitzel, Cameco’s chief operating officer. “An inflow at this rate is... 

Cameco Completes Kintyre Acquisition

Cameco Corporation announced today that it has completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US). A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco will operate the project and is funding... 

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VIPR Industries Closes Acquisition of Itigi Manyoni Uranium Property

Industries Inc. has completed its acquisition of the highly prospective Itigi Manyoni Uranium Property located in Tanzania. Airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization on VIPR’s project area. Radiometric mapping of VIPR’s newly acquired 170 kilometer Itigi Manyoni Uranium Prospect has identified anomalies... 

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