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 [...]

United Uranium Corp. announced that it has completed a property acquisition on the eastern side of the Athabasca Basin, Saskatchewan. The Cleveland Island property is located approximately 30 miles east - northeast of Hathor’s Roughrider zone. This most recent acquisition covers 987 ha of land in the Wollaston Lake area. The Company holds a [...]

Monroe Minerals Inc. is pleased to announce the appointment of independent advisors to its uranium division in Africa and Canada. The role of these advisors will be to review new uranium projects, assist with program planning and implementation, and analyse exploration results.
In Africa, Monroe has appointed The Mineral Corporation. The Mineral Corporation is a leading [...]

Ur-Energy Inc. is pleased to announce the signing of a letter of intent with Titan Uranium Incorporated whereby Ur-Energy can earn up to an undivided 51% working interest in Titan’s R-Seven and Rook I properties by funding Cdn $9 million in exploration programs managed by Titan over a 4-year earn in period. Diamond drilling of [...]

With the spot price of uranium rising at exponential rates, uranium miners are flying high following decades of depressed prices and little new mine development or exploration activity. Shares of Denison and Energy Metals Corp. umped 5% last week following rumours that they were on the acquisition radars of Cameco and France’s Areva, two [...]

Xstrata Plc said on Wednesday a government bill being introduced in Australia would validate its proposed redevelopment of the McArthur River zinc mine.
An Australian court on Monday ruled against a A$110 million ($92 million) redevelopment of the mine over a glitch in the approval process after a challenge by local landowners.
Swiss-based Xstrata said it had [...]

Consolidated Abaddon Resources Inc. and Triex Minerals Corporation are pleased to announce that alteration and geochemical anomalies are confirmed by the recently completed, first pass drill program on the Mann Lake uranium property, eastern Athabasca Basin, Saskatchewan. The hunt is now on, and follow-up drilling is planned for 2007.
Eastern Athabasca Basin Claims Map: [...]

Scotiabank Vice President, Industry and Commodity Market Research Patricia Mohr has forecast uranium and zinc as her top picks for investors in 2007, with precious metals, particularly silver, expected to benefit from further weakness in the U.S. dollar.
In her recently published analysis, Mohr said uranium was the third-best performing commodity this year “and will likely [...]

Cameco Corp. Chief Executive Officer Jerry Grandey says some investors in the world’s largest uranium producer mistakenly expect its shares to perform like other energy companies.
“They just treat all energy equally — uranium, oil and gas,” Grandey, 60, said yesterday in an interview in New York. “It’s silly because the markets are completely disconnected.”
Shares of [...]

Vancouver, British Columbia - Forum Uranium Corp. and Hathor Exploration Ltd. are pleased to announce that they have entered into a joint venture in the Key Lake region which complements both Company’s current exploration initiatives in the area.
In a recent staking program, Forum acquired over 10,148 hectares of prospective ground along a 15 kilometre (km) [...]