Ur-Energy Inc. reports the successful completion of the 2009/2010 delineation drilling program at its Lost Creek in-situ uranium project, Wyoming.
The 2009/2010 drill program was focused on delineating a second production well field (Mine Unit #2) in the HJ horizon, the primary resource unit at Lost Creek. During the eight month program from July 2009 through February 2010, 298 [...]
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 [...]
With the spot price of uranium at a low $40 per pound, those in the industry are eyeing current supply/demand trends for an indication of whether we’re at a bottom and when prices might rebound.
Waseco Resources reports it has received and reviewed a technical report.
Regionally, Waseco’s Blocks IV & V are near properties held by Azimut Exploration Inc. and Virginia Mines Inc. Other companies (Fission Energy Corp., Fancamp Exploration Ltd. and Sheridan Platinum Group Ltd.) are grouped around the known uranium deposits at Dieter Lake, which has reported estimated resources [...]
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 [...]
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 [...]
Moneyweb reports First Uranium implementing a recapitalisation programme involving convertible notes to revive a cash infusion of CA$150m.
The programme is to be supported by Johannesburg-listed Simmer & Jack, which holds 37.2% of First Uranium, and which could increase its stake to as much as 48% if conversion is eventually chosen.
It is also clear from Friday’s announcements that First [...]
Strathmore Minerals reports Scott Wilson Roscoe Postle Associates Inc. has been contracted to prepare a Bankable Feasibility Study to evaluate the overall project economics of the proposed Roca Honda, New Mexico.
The Roca Honda property is located in the eastern part of the Grants Mineral Belt in New Mexico. This project, which is held by Strathmore and Sumitomo Corporation [...]
Sarissa Resources reports preliminary analytical results from SE Zone.
The Company’s ongoing analysis of current and past geophysical data had led to the testing of an anomaly approximately 400 meters to the south of the existing mineralized area within the Southeast Zone. The anomaly was identified through an independent geophysicist’s interpretation of the Ontario Geological Survey’s (OGS) [...]
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 [...]
Wednesday, March 17, 2010
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