Uranium One Inc. reports its completion of a bought deal offering of C$260 million.
The underwriting syndicate for the offering was led by GMP Securities L.P. and included Canaccord Financial Ltd., BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets and Paradigm Capital Inc. The Debentures will commence trading on the Toronto Stock Exchange today under the [...]
Despite uranium’s lackluster performance over the last few years, 2010 holds promise as utilities and buyers from Asia, where nuclear power programs are on the rise, are expected to come back into the market creating much needed demand.
Uranium price movements stalled in 2009 averaging about $46 per pound and spot currently sits at $44.50 according [...]
By Melissa Pistilli-Exclusive to Resource Investing News
Gold Investing News
China’s Northwest Nonferrous International Investment Company was looking to purchase 51 per cent of US-based miner Firstgold [TSX: FGD], which has four properties in gold-rich Nevada.
If the deal were to go through, it would have given China its first mining purchase in the US.
However, The Committee [...]
Russia wants to dominate the global nuclear and uranium sectors.
The nuclear industry is anticipating major support from talks out of the UN Climate Change Conference in Copenhagen this month as global leaders meet to discuss measures to curtail global warming.
Nuclear generated power is quickly becoming an acceptable alternative to fossil fuel-based sources and global uranium [...]
By Melissa Pistilli-Exclusive to Uranium Investing News
BHP Billiton has announced it is declaring force majeure on its uranium contracts for customers awaiting product from the recently wounded Olympic Dam mine.
Earlier this month a mechanical failure in the mine’s main haulage shaft led to an immediate shutdown and there were speculations that the mining giant may [...]
Uranium Investing News & U308.biz report the recent uranium spot price change by TradeTech and Ux Consulting.
The World Nuclear Association anticipates uranium demand to rise from the current 65,000 tonnes a year to 74,000 tonnes by 2015.
“With the nuclear drive worldwide, demand is expected to spike,” said Deutsche Securities Inc. analyst, Tomohiro Jikihara. “Securing the [...]
Uranium Investing News and U308.biz report on the global uranium supply and the recent scandal with Kazakhstan and Uranium One.
Rumors are circulating that political motivations are behind Dzhakishev’s arrest. Some question how Dzhakishev could have stolen “more than 60 per cent of state uranium deposits worth tens of billions of dollars,” as the KNB claims, [...]
Uranium Investing News & U308.biz report the recent impact on Uranium One’s share value due to the political risk in Kazakhstan.
If you follow the uranium market, then you’re probably aware of the recent pressure placed on Uranium One’s (TSX: UUU) share price after reports started circulating last week that its joint venture property in Kazakhstan may be a [...]
Uranium Investing News & U308.biz report on uranium top performance stocks.
Mineweb’s recent selection of 100 of the world’s best performing mining stocks, which Barry Sergeant notes is “vastly outperforming any other known grouping of equities,” is proof positive that the mining industry is primed for a comeback. The listed stocks have shown a weighted average gain [...]
Uranium Investing News & U308.biz report on the partnership between Mega Uranium and JAURD, currently making headlines in the uranium sector.
Paquette noted that the supply and demand fundamentals for uranium are “very positive,” but what investors should really pay attention to is the correlation between uranium and oil prices.
“When oil goes way up, you find [...]
Friday, March 12, 2010
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