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 [...]
Analysts at IJG Securities say that the Namibian Uranium mining industry is booming, with 65 mining licenses still awaiting approval.
In a research note published this morning, the analysts mention that the Namibian Ministry of Mines and Energy stopped issuing licenses after October 2006. Only 15 prospecting licenses have been approved for a duration of one [...]
Uranium Energy Corp announces the further expansion of its technical team with the appointment of Paul Pierce as the Manager of Mine Development. Mr. Pierce has 35 years experience in the mining industry in the southwest United States, chiefly in the states of New Mexico, Colorado, Utah, Arizona, and Nevada, either as a mine engineer [...]
The future of mining in Namibia now points to uranium. With over 20 mining entities prospecting and exploring for the highly-priced mineral and with the announcement by ASX-quoted West Australian Metals (WME) last week of the discovery of uranium deposits at its Marenica Project, a fourth producing uranium mine may be on the horizon for [...]
Globex, Inc. announced that Management is currently in negotiations with prominent geologists in the Uranium Mining Industry to acquire a total of 200 claims in the Northern area of the Province of Quebec, Canada. The proposed agreement also involves the establishment of a Canadian Prospecting Subsidiary Corporation, which would allow Globex to benefit from the [...]
The Malawi government has said it will only decide on whether to allow Paladin Africa, a subsidiary of Australian as well as TSX and ASX listed Paladin Resources Inc (Ticker PDN) to start mining uranium in the country’s northern region district of Karonga before end February.
Director of Environmental Affairs in the Ministry of Energy, Mines [...]
Energy Metals Corporation and High Plains Uranium, Inc. are pleased to announce that the closing of their previously announced business combination has been extended to Friday, January 19, 2007. In order to accommodate filing deadlines in St. John, New Brunswick relating to the business combination, trading in the shares of High Plains will [...]
Energy Metals Corporation and High Plains Uranium, Inc. are pleased to announce that the securityholders of High Plains today voted in favour of a business combination with Energy Metals.
As previously announced, the business combination is subject to certain conditions, including the requirement that The Court of Queen’s Bench of New Brunswick provide final [...]
Australians risk higher electricity prices if the country fails to embrace nuclear power and relies only on low-emission coal technology, Australia’s Industry Minister Ian Macfarlane has said.
He said the anti-nuclear stance would severely hit the family budget. As such, Australians must abandon their opposition to nuclear power.
He however, said companies were unlikely to establish nuclear [...]
Prime Minister John Howard urged Australia’s regional governments to end bans on new uranium mines that prevent the nation from tapping soaring demand for the reactor fuel.
The nuclear power boom provided a “timely opportunity,” Howard said today, releasing a government report that supported an end to the bans, enrichment of the metal for use in [...]
