Articles Tagged "Uranium Company News"

NexGen Energy Discovers New High Priority Area, “Bow Discovery”

Uranium – NexGen Energy Ltd. (TSXV:NXE) discovered off-scale radioactivity, "Bow Discovery", approximately 3.7 km northeast and along trend from the Arrow zone in the Rook I property, Athabasca Basin. Bow is now a high priority area, and is coincident with the recent radon anomaly that tracks the strike of a VTEM conductor from 730m up to 140m wide. This particular radon anomaly has the highest reading of all known radon anomalies in the area with a peak reading of 36.0 pCi/L, and is 80 m south of off-scale radioactivity drilled in hole BO-15-10.

Energy Fuels CEO Stephen Antony Updates Shareholders

Uranium – Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) President and CEO Stephen P. Antony provided an update to shareholders, citing the US remains to be in a good position to stay as the largest producer of nuclear power, "Growing geopolitical uncertainty in Eastern Europe and Africa is further highlighting the critical need for stable, reliable uranium sources." Mr. Antony also said that Energy Fuels eagerly awaits the closing of the Uranerz transaction in 2015.

Forte Looks to Acquire 75 Percent Interest in Olympic Domain Uranium Project in South Australia, Secures Funding

Uranium – Forte Energy NL (ASX:FTE,LSE:FTE) announced it has entered in a share sale agreement with Antares Mining Ltd. (ASX:AWW) to acquire 75 percent interest in the Olympic Domain project in South Australia for a cash consideration of AU$300,000. Forte has also secured additional funding for acquisitions and working capital in the form of convertible loans for GBP1,000,000 from Darwin Strategic Ltd.

Fission Hits High-Grade Shallow Depth Mineralization at R600W Zone at Triple R

Uranium – Fission Uranium Corp. (TSX:FCU) announced assays from hole PLS15-343 at the R600W zone at its PLS property in the Athabasca Basin, which returned high-grade shallow mineralization including 14.74 percent U3O8 over 9.0 meters within a larger interval of 3.36 percent U3O8 over 44 meters.

NexGen Energy Expands A2 and A3 Shear Zones at the Arrow Zone, Rook I

Uranium – NexGen Energy Ltd. (TSXV:NXE) announced that high grade cores within the A2 and A3 zone have been significantly expanded by angled drill holes AR-15-39w1 and AR-15-41. The intersection of mineralization in the A2 and A3 shears show true widths of approximately 27.5 m and 78.6 m, respectively. According to VP for Exploration and Development, Garrett Ainsworth, "The high grade sections of the A2 and A3 shears are taking shape beautifully into what is heading towards a world class uranium asset in the southwest Athabasca Basin. Initial testing of the A3 shear with drill holes AR-15-39, -39w1, and -41 shows A3 is significantly larger in size than A2 and just as mineralized."