Related Topic: Uranium Resources

Ukraine pushes for domestic uranium supply

Ukraine pushes for domestic uranium supply

A programme to make Ukraine self-sufficient in uranium by 2027 has been approved by the country's cabinet. Nuclear power is planned for significant expansion beyond the 54% of electricity it already provides in Ukraine.

Uranium & Fuel 05 January 2022


US uranium acquisition completed

US uranium acquisition completed

Uranium development company enCore Energy has completed its acquisition of Azarga Uranium, consolidating the two companies' US exploration and development stage in-situ leach uranium projects and estimated resources totalling 99 million pounds U3O8 (38,080 tU). Azarga is now a 100%-owned subsidiary of enCore.

Uranium & Fuel 05 January 2022


Kolichikan uranium deposit drilled

Kolichikan uranium deposit drilled

The first well has been drilled at the Kolichikan uranium deposit in Russia's Republic of Buryatia, near the border with Mongolia. It will be an in-situ leach uranium mine with around 237 wells.

Uranium & Fuel 10 December 2021


Kazakhstan-based physical uranium fund begins operations

Kazakhstan-based physical uranium fund begins operations

Kazakh national nuclear company Kazatomprom has signed a framework agreement with Genchi Global to invest in the newly established ANU Energy OEIC Limited physical uranium fund, meaning the fund can begin operations. Meanwhile, Kazatomprom has exercised an option to buy back uranium previously sold to Yellow Cake plc.

Uranium & Fuel 23 November 2021


Development of Dobrovolnoye uranium mine begins

Development of Dobrovolnoye uranium mine begins

Construction work has begun at Dobrovolnoye in Russia, developing the uranium deposit beyond the pilot operation on which work started a year ago. The mine should create 300 jobs, with mining operations scheduled to begin in December 2022.

Uranium & Fuel 12 November 2021


UEC to buy Uranium One's USuranium assets

UEC to buy Uranium One's US uranium assets

Texas-based Uranium Energy Corp has agreed to buy Uranium One Americas Inc from Rosatom's Uranium One Group. The acquisition will create "hub-and-spoke" operations in Wyoming for UEC, centred on U1A's Irigaray plant, and will position it as the largest American uranium mining company, UEC said.

Uranium & Fuel 09 November 2021


Yellow Cake to make additional uranium purchases

Yellow Cake to make additional uranium purchases

London-quoted Yellow Cake plc has announced plans to buy a further 3 million pounds U3O8 (1154 tU), including 1 million pounds U3O8 from Kazatomprom in addition to that already covered in its option agreement with the Kazakh uranium producer. It also intends to buy some 2 million pounds of material sourced from CGN Global Uranium Limited.

Uranium & Fuel 27 October 2021


Kazatomprom announces physical uranium fund

Kazatomprom announces physical uranium fund

Kazatomprom has announced it is to participate in a physical uranium fund, ANU Energy OEIC Limited, established on the Astana International Financial Centre. The fund will hold physical uranium as a long-term investment, with its initial USD50 million of purchases financed by its founders and plans to raise USD500 million for additional uranium purchases in a second development stage.

Uranium & Fuel 18 October 2021


Vimy secures approval to begin work at Mulga Rock

Vimy secures approval to begin work at Mulga Rock

The Western Australian Department of Mines, Industry Regulation and Safety has approved Vimy Resources' Mulga Rock Mining Proposal and associated Mine Closure Plan. This means Vimy can now begin "ground disturbing" activities at the project, with a view to first uranium production by 2025.

Uranium & Fuel 01 October 2021


Uranium mining goes digital in Russia

Uranium mining goes digital in Russia

'Digital' mining has started at the Khokhlovskoye uranium deposit in Russia, Rosatom subsidiaries announced. Operators have full information on the process and its environmental effects, as well as simulation of their options.

Uranium & Fuel 22 September 2021