Uranium
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URANIUM: Denison installs two Phoenix ISR wells at Wheeler River
SASKATCHEWAN – Denison Mines Corp. of Toronto has installed two ISR wells at the Phoenix uranium deposit at the Wheeler River property near the southeast part of the Athabasca Basin. Denison holds a 90% interest in the project, and JCU…
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URANIUM: UEX intersects new mineralization at Christie Lake
SASKATCHEWAN – UEX has intersected new uranium mineralization at its 60%-owned Christie Lake project, 9 km northeast of Cameco’s McArthur River uranium mine in Saskatchewan. The project hosts the Paul Bay, Ken Pen and Orora uranium deposits, which have a total inferred…
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URANIUM-GOLD: Fission 3.0 samples 13.9%, 2.3 g/t at Beaver River
SASKATCHEWAN – Fission 3.0 Corp., based in Kelowna, B.C., has had excellent uranium and gold results from prospecting at Beaver River property on the north-central rim of the Athabasca Basin. The highest grades came from the newly named Trigger zone…
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URANIUM: NexGen releases new assays from Arrow drilling
SASKATCHEWAN – Vancouver-based NexGen Energy has released new assays from its phase one drill program at the Arrow uranium deposit on the southwest rim of the Athabasca Basin. The highest results were 33.78% uranium oxide over 12.0 metres and 32.88%…
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URANIUM: New underground PFS cuts capex for Fission’s Triple R deposit at PLS
SASKATCHEWAN – Fission Uranium of Kelowna, B.C., says the results of the pre-feasibility study for on an underground only development represent a savings in both capex and construction time for the Triple R deposit compared to an earlier study of…
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URANIUM: Positive ISR test at Denison’s Wheeler River
SASKATCHEWAN – Denison Mines of Toronto says the test results of in situ recovery of uranium from the Wheeler River project are positive. Denison is the 90% owner and operator of the project located in the eastern part of the…
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‘Logic and law will prevail’ says Plateau CEO on Peru claims dispute
Plateau Energy Metals (TSXV: PLU) has lost its appeal to overturn a decision by the Instituto Geológico Minero y Metalúrgico (INGEMMET) to cancel 32 of its 149 concessions in Peru. INGEMMET is an agency under Peru’s Ministry of Energy and Mines…
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ENVIRONMENT: Federal government pledges $2.2B for mine cleanup in North
YELLOWKNIFE, NWT – The federal government has announced it will invest $2.2 billion over the next 15 years for the cleanup of various mine sites in the Yukon and Northwest Territories. The announcement was made by the Hon. Carolyn Bennett,…
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URANIUM: Fission hits high grades at several areas of PLS
SASKATCHEWAN – Fission Uranium of Kelowna, B.C., has received the assays from the winter 2019 drill program at the Patterson Lake South property in the southwest rim of the Athabasca Basin. The company says the results confirm the potential to…
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URANIUM: Fission to prepare PEA for underground only option at PLS
SASKATCHEWAN – Fission Uranium of Kelowna, B.C., is looking at an underground only option for mining its Patterson Lake South property on the southwest edge of the Athabasca Basin. Potential benefits of such a plan include low operating costs, lower…
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URANIUM: Cameco awarded $40.3m in damages in TEPCO contract dispute
SASKATOON, Sask. – A tribunal of international arbitrators ruled in favour of Cameco Corporation in the miner’s contract dispute with Tokyo Electric Power Company Holdings, TEPCO. According to a corporate press release, the tribunal rejected TEPCO’s assertion that it had…
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Global geopolitics sideswipe African uranium miners
The global uranium mining market in the 2010s took a hit from the Fukushima nuclear disaster in Japan in 2011 — which cut global uranium demand some 10% for many years — and the simultaneous ramping up of low-cost uranium…
