Uranium and Fuel rss

Four uranium projects excluded from Western Australia ban

21 June 2017

Mulga Rock project - 48The Western Australian government has imposed a ban on future uranium mining leases, but says it will not stand in the way of four uranium projects approved by the state's previous government.

JSC Dalur gets licence for Dobrovolnoye deposit

07 June 2017

JSC Dalur has received a permit to develop the Dobrovolnoye uranium deposit in the Kurgan region of Russia. JSC Dalur is a subsidiary of ARMZ, the uranium mining division of state nuclear corporation Rosatom. The permit was issued according to government decree dated 3 June, ARMZ said on 5 June.

Uranium Energy acquires licensed Reno Creek project

10 May 2017

Uranium Energy Corp (UEC) has entered a definitive share purchase agreement with Pacific Road Resources Funds to acquire all issued and outstanding shares of Reno Creek Holdings. The agreement allows UEC to buy 100% of Pacific Road's fully permitted Reno Creek in-situ leach project in the Powder River Basin, Wyoming. Pacific Road, a mining private equity firm, will own about 9% of UEC's common shares at closing of the transaction.

Westinghouse launches its EnCore Fuel

14 June 2017

Westinghouse Electric Company yesterday announced the formal launch of its "accident-tolerant fuel solution", EnCore Fuel, during the company's Fuel Users' Group Meeting. EnCore Fuel is intended to offer "design-basis-altering safety, greater uranium efficiency and estimated economic benefits up to hundreds of millions of dollars" to Westinghouse's nuclear fuel customers.

IAEA head visits planned Greenland mine

15 May 2017

Amano in Greenland - 48Authorities in Greenland have carried out robust safety and security preparatory work for a possible rare earth and uranium mine, International Atomic Energy Agency (IAEA) director general Yukiya Amano noted during a visit to the country.

Uranium producers prepare for market recovery

02 May 2017

Some of the world's leading uranium miners last week described major changes they have made in response to the protracted downturn in uranium prices. At the same time, they are positioning themselves for an expected pickup in demand.

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