Related Topic: Uranium Resources

Cameco maintains positive long-term uranium outlook

Cameco maintains positive long-term uranium outlook

Cameco produced only 5 million pounds U3O8 (1923 tU) in 2020 as a result of the COVID-19 pandemic but remains positive about the long-term fundamentals in the uranium market, President and CEO Tim Gitzel said today when announcing its fourth-quarter and year-end results.

Uranium & Fuel 10 February 2021


Denison ramps up activities at Wheeler River

Denison ramps up activities at Wheeler River

Denison Mines is to carry out further field testing activities to de-risk the use of in-situ leach methods at the high-grade Phoenix uranium deposit at the Wheeler River Uranium Project in Saskatchewan, Canada. Wheeler River is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (10%), with combined indicated mineral resources of 132.1 million pounds U3O8 (50,812 tU) and inferred resources of 3.0 million pounds U3O8. The project is estimated to have mine production of 109.4 million pounds U3O8 over a 14-year mine life.

Uranium & Fuel 09 February 2021


Vimy reviews by-product potential at Mulga Rock

Vimy reviews by-product potential at Mulga Rock

Incorporating a circuit to produce by-product base metals has the potential to improve the "already strong" uranium economics of the Mulga Rock project in Western Australia, Vimy Resources CEO Mike Young says. Vimy plans to complete an assessment of the potential impact of the base metals plant during the first half of this year.

Uranium & Fuel 04 February 2021


Kazatomprom uranium output falls 15% on year

Kazatomprom uranium output falls 15% on year

Kaztomprom has issued preliminary 2020 production figures of 19,477 tU (on a 100% basis), which is 15% down on its 2019 output of 22,808 tU. Production volumes for the fourth quarter and for 2020 were significantly lower, related to the expected impact of the pandemic and the company’s decreased wellfield development activity, as well as lower staff levels in April-July 2020. Guidance for 2021 is 22,500-22,800 tU (100% basis).

Uranium & Fuel 02 February 2021


Ranger mine ends processing operations

Ranger mine ends processing operations

Processing operations at Energy Resources of Australia's Ranger mine ended today in accordance with legislative and regulatory requirements. The mine, which is in the Northern Territory, was Australia's longest continually operating uranium producer.

Uranium & Fuel 08 January 2021


CGN to take stake in Kazakh U mining company

CGN to take stake in Kazakh U mining company

China General Nuclear is expected to acquire a 49% stake in Ortalyk LLP, a wholly-owned subsidiary of Kazakh uranium producer Kazatomprom, by mid-2021. The transfer of the stake was part of cooperation agreements signed between CGN and Kazatomprom in 2014, 2015 and 2016.

Corporate 05 January 2021


US uranium miners ready to support nuclear power, says Uranium Committee

US uranium miners ready to support nuclear power, says Uranium Committee

"The US uranium mining industry has the personnel and yellowcake processing plants on standby, and is ready to expand into new areas with discoveries that will provide hundreds of years of available uranium resources from a variety of secure sources," says Michael D. Campbell, chairman of the Uranium (Nuclear & REE) Committee of the Energy Minerals Division of the American Association of Petroleum Geologists (AAPG). "So let the drilling and processing begin."

Uranium & Fuel 24 December 2020


Adequate uranium to meet demand, latest Red Book concludes

Adequate uranium to meet demand, latest Red Book concludes

Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy, according to the latest edition of the OECD Nuclear Energy Agency and International Atomic Energy Agency joint report on uranium resources, production and demand. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium production and exploration could affect available supplies.

Uranium & Fuel 24 December 2020


Congress approves nuclear energy funding for FY2021

Congress approves nuclear energy funding for FY2021

The US Congress voted to approve appropriations for fiscal year 2021 that includes USD1.5 billion for the Department of Energy's Office of Nuclear Energy. The appropriations also include USD150 million to initiate the uranium reserve programme to address challenges to the production of domestic uranium.

Nuclear Policies 23 December 2020


Uranium companies attracted by REE and vanadium

Uranium companies attracted by REE and vanadium

US company Energy Fuels Inc will become a commercial rare earths supplier in 2021, having entered into a three-year supply agreement to acquire a minimum of 2500 tons per year of natural monazite sands from which it will also recover uranium at its White Mesa mill in Utah. Separately, Vancouver-based International Consolidated Uranium Inc said it had been attracted to its newly announced acquisition of the Laguna Salada uranium project in Argentina by the by-product vanadium.

Regulation & Safety 15 December 2020