Bloomberg.com reports on uranium supply, demand and uranium spot price.
“The supply-demand fundamentals point to the likelihood of stronger prices in the longer term,” Energy Resources said today in a statement. “Despite the challenging economic climate, global demand for uranium is still expected to grow significantly in the next decade.”
Although the economic crisis has temporarily slowed [...]
Industrial Fuels & Power reports uranium spot price rising again.
The weekly spot uranium oxide price appears to have left its downward trend and resumed its climb as it increased by 50 cents to US$41.25/lb on March 15, according to Ux Consulting Co. A few days earlier, TradeTech had revised its price indicator upwards to US$40.75/lb.
Sellers [...]
FNArena reports on the uranium spot market – supply and demand.
Exactly two weeks ago we published a story highlighting most price charts for uranium-related stocks were showing a so-called “Cross Of Death”- a technical signal indicating the future looks bleak for the sector.
For complete article, click here.
First Uranium Corporation reports the resignation of Gordon Miller as President, CEO and a director of the Corporation.
Deon van der Mescht, formerly CEO of Simmer and Jack Mines, Limited, has been appointed as Interim President and CEO of the Company.
A mining engineer by profession, Deon van der Mescht has over 25 years’ experience in the South [...]
Fission Energy Corp. and KEPCO Consortium, its joint venture partner are pleased to report that drill hole WAT10-071, a 10m vertical step-out south of the high grade mineralization encountered in hole WAT10-070B intersected 6m of 14.70% U308 at the unconformity.
To date, all mineralized drill intersections encountered at the J-Zone, are associated with a broad and continuous zone of [...]
Ninemsn reports spot uranium seen as a small gap between price of uranium at TradeTech and Ux Consulting.
Contrary to our report last week, TradeTech too had made the decision to lower its weekly spot price indicator to US$40.50/lb, similar to UXC’s price, by lowering by an extra US25c after it had lowered to US$40.75/lb on Friday [...]
Forsys Metals Corp reports its completion of potential strategic and financial alternatives for the Company to maximize shareholder value from its Valencia uranium project, Namibia, Africa.
Morgan Stanley on behalf of the Company has invited a select group of interested parties to submit proposals with respect to a potential transaction with the Company, which proposals may range from project [...]
The Gazette reports Ottawa has indicated liberalizing foriegn investment rules in the uranium sector in Canada.
The government’s move to liberalize the rules comes after Red Wilson’s competition policy review panel recommended it in 2008. However, the panel said that liberalization should happen only if other countries open their markets as well.
That was a key request [...]
Fission Energy Corp. reports its completion of five additional vertical oriented step-out drill holes.
Since the initial discovery hole (WAT10-063A) was announced in January, an additional fifteen step-out drill holes have been completed at the J-Zone; 13 of these identified high levels of radioactivity and where assay results have been received, high grade uranium mineralization. Continuity of the [...]
Hathor Exploration reports that it has entered into an agreement to sell 4,250,000 flow-through shares at a price of CDN$2.40 to raise CDN$10,200,000, on a bought deal private placement basis.
The Underwriters will receive a cash commission on the sale of the Flow-Through Shares, representing 5.5% of the gross proceeds raised, including Brokers Warrants (”Broker Warrants”) equal to [...]
Friday, March 19, 2010
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