Uranium
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URANIUM: NexGen boosts NPV for Rook I to $3.7B
SASKATCHEWAN – Vancouver-based NexGen Energy, Wood Group and Rosco Postle Associates have completed the pre-feasibility study for NexGen’s Rook I project in the Athabasca Basin. New numbers include a 64% increase in average annual after tax cash flow and a…
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URANIUM: Canada Revenue Agency appeals Cameco tax ruling
OTTAWA – Late last month the Tax Court of Canada ruled in favour of Cameco (TSX: CCO; NYSE: CCJ) in the company’s decade-long dispute with the Canada Revenue Agency over tax reassessments for the 2003, 2005 and 2006 tax years. Now the…
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Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3
Analysts at Raymond James are lowering their forecasts for zinc and copper prices. For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from US$1.40 per lb., and for 2019 they have trimmed their…
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URANIUM: Denison publishes PFS for Wheeler River
SASKATCHEWAN – Denison Mines Corp. of Toronto has the results of the pre-feasibility study for its flagship Wheeler River uranium project in the Athabasca Basin. The PFS considers simultaneous development of the Phoenix and Gryphon deposits. The high grade Phoenix…
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URANIUM: More high grades from Fission’s PLS
SASKATCHEWAN – Fission Uranium of Kelowna, B.C., has drilled nine more high grade holes at its Patterson Lake South uranium project near the southwest rim of the Athabasca Basin. All the holes were drilled in the R780E zone of the…
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URANIUM: Denison buys Cameco’s Wheeler River share
SASKATCHEWAN – Denison Mines Corp. has struck a deal to acquire the 24% interest in the Wheeler River uranium project currently held by Cameco Corp. Denison will issue approximately 24.6 million shares at a deemed price of $0.65 per share,…
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URANIUM: Cameco suspends McArthur River, Key Lake indefinitely
SASKATCHEWAN – Hit by falling uranium prices and large quarterly losses, Cameco Corp. says the suspension of mining at McArthur River and mineral processing at Key Lake will continue for the foreseeable future. Mining and milling were originally suspended last…
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US Dept. of Commerce launches investigation of uranium imports
If the U.S. Trump administration extends its trade war to uranium it would be bullish for equities with U.S.-based assets, Haywood Securities commented in a uranium sector update. U.S. Commerce Secretary Wilbur Ross’s announcement yesterday that he is starting an…
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URANIUM: NexGen sums up Arrow studies
SASKATCHEWAN – NexGen Energy of Vancouver has taken a look at all the pre-feasibility stage technical studies done on the Arrow uranium deposit at the Rook 1 project in the Athabasca Basin. Here is a peek at what will go…
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URANIUM: Denison outlines summer drilling for Wheeler River
SASKATCHEWAN – Toronto-based Denison Mines Corp. has outlined its 20,500-metre summer 2018 drilling program for the Wheeler River uranium property in the Athabasca Basin. The project is owned 63.3% by Denison, 26.7% by Cameco Corp. and 10% by JCU (Canada)…
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Azarga Uranium to merge with URZ Energy
The merger of Azarga Uranium (TSX: AZZ; US-OTC: PWURF) and URZ Energy (TSXV: URZ; US-OTC: URZZF) will create a new uranium development company focused on in situ recovery (ISR) uranium deposits in the United States. Azarga controls six uranium assets in the U.S. and…
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URANIUM: NexGen winter drill campaign cuts multiple new zones
SASKATCHEWAN – Vancouver-based NexGen Energy has concluded its 54-hole winter drilling campaign at the Arrow and Arrow South targets as well as a regional program. The targets form part of the Rook 1 uranium property in the Athabasca Basin. Follow…
