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 [...]
Capstone Mining Corp. announced that its Minto copper-gold mine in the Yukon was officially connected to Yukon Energy’s electrical grid at a ceremony attended by the Premier of the Yukon, the Minister of Economic Development, the Minister of Energy Mines & Resources and Stephen Quin, President & COO of Capstone.
“Connection to Yukon Energy’s electrical [...]
Mineralogy Pty Ltd. announced today that it is amending its offer to acquire, at a price of $1.41 per share, all of the common shares of Waratah Coal Inc. not already held by Mineralogy or any of its affiliates.
The amended Offer includes disclosure stating that if Mineralogy acquires shares under the Offer, it [...]
In consideration of the ongoing uncertainty in the uranium and securities markets, Energy Fuels has taken a number of steps to reduce its rate of spending. Energy Fuels’ capital preservation strategy is being implemented to ensure that the Company will be in place with strong, developed assets, ready to catch any significant upswing in the [...]
Golden Phoenix Minerals, Inc. announced that in response to the sharp reduction in demand and price for molybdenum worldwide, the Ashdown molybdenum mine in Humboldt County, Nevada has been placed on care and maintenance with a significant reduction in force until further notice.
The Ashdown mine produces molybdenum concentrate which is roasted to the oxide form [...]
Volta Resources Inc. report assay results from twelve out of 15 holes drilled on the Dienemera target located on the Malba permit at Gaoua. The drilling is part of the 39-hole, 11,306 meter diamond drilling program recently completed at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa where results continue to confirm [...]
Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million.
With this [...]
Neo Material Technologies Inc. announced that the Company’s 90% owned Chinese joint venture Jiangyin Jia Hua Advanced Material Resources Co., Ltd (”JAMR”) has entered into an agreement to provide distribution, management and various technical services to Minmetal Rare Earth (Ganzhou) Co., Ltd (”MREG”). MREG is a newly formed company led by China Minmetals Corporation (”Minmetals”) [...]
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 [...]
U3O8 Corp., a Canadian uranium exploration company, regrets to report that an aircraft that was undertaking a geophysical survey for Prometheus Resources Limited, a wholly owned subsidiary of U3O8 Corp., has been reported missing with three people on board in Guyana. The last communication from the aircraft was on the afternoon of Saturday, November 1, [...]
