Days after Mining Minister Ousmane Abarchi said that Niger was actively seeking to attract Russian investment in natural resources including uranium, Orano has said the financial situation for its majority-owned SOMAÏR subsidiary - operator of the Arlit mine - is still deteriorating.

An initial assessment technical report summary that includes an economic analysis and mineral resource estimate for Uranium Energy Corp's project in Northern Saskatchewan envisages production of 61.2 million pounds U3O8 (23,540 tU) over nine years of underground operations.

Major financial difficulties facing SOMAÏR, the operator of the Arlit uranium mine in Niger, have led to the decision to suspend its activities from the end of October.

Lotus Resources says it can reopen the Kayelekera uranium mine in Malawi in 8-10 months - much quicker than its previous 15 month estimate. It is now targeting production in the third quarter of 2025.

Processing plant equipment that is beginning to arrive at the Dasa mine site has been shipped via Nigeria, but Global Atomic is hopeful that border restrictions between Niger and Benin will soon be resolved.

IsoEnergy is to acquire Anfield Energy - owner of the licensed and permitted Shootaring Canyon uranium mill in Utah - while Western Uranium & Vanadium Corp has agreed to purchase the Pinon Ridge Corporation, whose Colorado site has previously been licensed for a uranium mill.

Kazatomprom has cut its uranium production guidance for 2025 by 5000 tU, citing uncertainties in sulphuric acid supply - but 2025 production is still expected to be higher than 2024.

Global Atomic's Dasa uranium project in Niger has not been affected by political developments over the past year and continues to be supported by the Niger cabinet, the company's President and CEO Stephen Roman said in its quarterly results announcement.

Uranium Energy Corp has announced the start up of uranium production at its fully permitted and past-producing Christensen Ranch in-situ leach operations in Wyoming.