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Uranium News
Lotus bolsters its management team
By: Tasneem Bulbulia Updated 1 hour 29 minutes ago ASX-listed Lotus Resources has appointed four experienced resource executives to provide the company with additional experience in project development, operations, technical and corporate development, including project financing. Michael da Costa will join Lotus as COO at the end of May. →
Aurora charts development pathway for US uranium project
By: Mariaan Webb 15th May 2024 ASX-listed Aurora Energy Metals has delivered a scoping study that demonstrates a viable pathway to developing its namesake uranium project in the US state of Oregon. Using a spot price base case of $90/lb, the Aurora project demonstrates strong cash flows of A$502-million, a net present value... →
Queensland Premier says nuclear will cost jobs
By: Creamer Media Reporter 14th May 2024 Queensland Premier Steven Miles has strongly opposed the Liberal Party’s proposition to introduce nuclear reactors in the northern regions of the state, asserting that such a move is “recipe for a cost-of-living meltdown”. “Nuclear is the most expensive option,” Miles said in a joint statement... →
Peninsula expands Lance uranium resource estimate
By: Creamer Media Reporter 13th May 2024 ASX-listed Peninsula Energy has announced qn updated mineral resource estimate (MRE) of 58-million pounds of uranium oxide (U3O8) for the Lance project, in Wyoming. The updated resource estimate is based on the results of 2023 drilling in the Ross and Kendrick areas and represents a 7.8%... →
Gowans and Deranger retire from Cameco board
By: Creamer Media Reporter 10th May 2024 Canadian uranium producer Cameco has announced the election of eight board members at its annual meeting on Thursday. The board comprises Daniel Camus, Tammy Cook-Searson, Catherine Gignac, Tim Gitezel, Kathryn Jackson, Don Kayne, Dominque Minere and Leontine van Leeuwen-Atkins. →
Lotus confirms significant uranium potential in updated Letlhakane MRE
By: Marleny Arnoldi 9th May 2024 ASX-listed Lotus Resources has published a revised mineral resource estimate (MRE) of 155.3-million tonnes, grading 345 parts per million (ppm) triuranium octoxide (U3O8), for the Letlhakane uranium project, in Botswana. This means the project can deliver 80-million pounds of recovered uranium... →
NexGen secures $250m uranium purchase deal
By: Creamer Media Reporter 9th May 2024 Canadian uranium exploration company NexGen has inked an agreement with MMCap International for the procurement of 2.7-million pounds of uranium concentrate. The deal is valued at $250-million, based on the five-day average spot price, marking strategic move amid a tightening global uranium market. →
Boss prepares for first Honeymoon sales
By: Mariaan Webb 8th May 2024 Commissioning of the Honeymoon uranium project, in south Australia, is proceeding to plan, with key metrics exceeding feasibility study forecasts, Boss Energy MD Duncan Craib said on Wednesday. The outperformance, he said, was reflected in the results of the uranium-rich pregnant leach... →
GoviEx hosts Minister at Madaouela to show its commitment to transparency, collaboration
By: Marleny Arnoldi 8th May 2024 TSX-V-listed GoviEx Uranium this week hosted a Ministerial delegation at its Madaouela uranium project, in Niger, amid ongoing discussions with government as the project development advances. Niger Mines Minister Ousmane Abarchi visited the site along with the governor of the Agadez region and... →
Khan project exceeding Madison CEO’s expectations
By: Darren Parker 8th May 2024 Uranium exploration and development company Madison Metals CEO Duane Parnham has said the latest findings from the company’s Khan uranium exploration project at Madison West, in the Erongo uranium province of Namibia, have exceeded expectations. “We are on the cusp of something remarkable,” he... →
Ur-Energy gears up for Shirely Basin construction next year
By: Mariaan Webb 7th May 2024 Dual-listed uranium producer Ur-Energy is set to begin major construction activities for its Shirley Basin project in 2025, paving the way for production to start in the following year. The company last month approved the buildout of a satellite facility at the Shirley Basin project, in Wyoming.... →
Toro boosts uranium resources with Dawson Hinkler deposit expansion
By: Mariaan Webb 2nd May 2024 Uranium project developer Toro Energy has expanded the stated resources at the Dawson Hinkler deposit by reducing the resource cutoff grade from 200 parts per million (ppm) to 100 ppm uranium oxide. As a result, the Dawson Hinkler deposit’s stated resource increased by about 115% to 20.29-million... →
Senate passes Russian uranium import ban, sending Bill to Biden
By: Bloomberg 2nd May 2024 The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel The Prohibiting Russian Uranium Imports Act, approved by... →
White House eyes Russian uranium import ban while house bill stalls
By: Bloomberg 30th April 2024 The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said. Officials from the White House National Security Council, the... →
Bannerman eyes expansion options for Namibia uranium project
By: Mariaan Webb 26th April 2024 As uranium developer Bannerman Resources progresses with its plans for an initial eight-million-tonne-a-year Etango project, in Namibia, it is casting its gaze towards a broader horizon. The company has started to delve into potential expansion options, aiming for a larger-scale operation in the... →
How 30 years of democracy has transformed South Africa's mining industry 
By: Martin Creamer 25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... →
enCore CEO balances ambitious production goals with workforce challenges
By: Mariaan Webb 24th April 2024 As US-based uranium miner enCore Energy charts its path towards significantly ramping up production, the company faces a dual challenge of aggressive expansion and ensuring the retention of key personnel critical to its operational success. Driven by a mission to bolster uranium production in... →
Boss produces first drum of uranium
By: Creamer Media Reporter 23rd April 2024 Australia’s Boss Energy has produced its first drum of uranium at its Honeymoon uranium project, in South Australia. This is a milestone as part of the commissioning process at Honeymoon, which will see production ramp up to 2.45-million pounds a year of uranium oxide (U3O8). With the first drum... →
Base Resources, Energy Fuels to merge, create enhanced critical minerals company
By: Tasneem Bulbulia 22nd April 2024 ASX- and Aim-listed Base Resources and US-based uranium and critical minerals producer Energy Fuels have reached a binding agreement for Energy Fuels to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement. Base shareholders are to receive 0.0260 Energy Fuels common... →
GoviEx in talks with Niger govt on Madaouela start date
By: Sabrina Jardim 19th April 2024 TSX-V listed GoviEx Uranium is in discussions with the government of Niger regarding the start of mining operations after having received notice that it must begin mining at its Madaouela uranium project by July 3, or risk having its mine permit revoked. The company says it is committed to... →
Minerals Council South Africa setting out to boost local demand for green hydrogen
By: Martin Creamer 17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... →
Lotus advances process optimisation work ahead of Letlhakane mine development
By: Marleny Arnoldi 17th April 2024 ASX-listed Lotus Resources has developed a detailed initial programme of work to maximise the potential of its Letlhakane uranium project, in Botswana. The company is working to update the project’s mineral resource model and is undertaking studies to determine the potential of upgrading the... →
Aura, Curzon agree to restructure Tiris offtake agreement
By: Tasneem Bulbulia 16th April 2024 Aim- and ASX-listed Aura Energy and uranium trader and investor Curzon Uranium have agreed to restructure their uranium offtake agreement, materially increasing the price receivable for planned uranium production and releasing significant value for Aura’s Tiris uranium project, in Mauritania. The... →
Deceased metals legend David Davis will be missed
By: Martin Creamer 12th April 2024 Metal markets analyst Dr David Davis, who passed away this week at the age of 77, was closely associated with the platinum, gold and uranium mining and investment for more than four decades. Known for his relentless pursuit of data pertaining to global supply and demand specifics, Davis earlier... →
Premier American to raise C$5m in placement
By: Creamer Media Reporter 12th April 2024 TSX-V-listed Premier American Uranium (PUR) has announced a private placement to raise at least C$5-million, strengthening its balance sheet at a time when uranium fundamentals are robust. The company, which is exploring and developing two projects in the US, has entered into an agreement with... →
South Africa well placed to benefit from huge green hydrogen outlook, attendees hear 
By: Martin Creamer 11th April 2024 Green hydrogen has a massive potential future and South Africa is very well positioned to produce it, attendees of the Hydrogen Economy Discussion heard on Thursday. Most of the 90-million tonnes of hydrogen produced currently through the likes of South Africa’s Sasol and others is grey. →
South Africa's science, innovation dept launches circular minerals, metals initiative
By: Darren Parker 11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... →
DSI technology innovation deputy director general Mmboneni Muofhe
Koba acquires high-grade Canada uranium project
By: Creamer Media Reporter 11th April 2024 ASX-listed Koba Resources has entered into a four-year option agreement to acquire a 100% interest in the Harrier uranium project, in eastern Canada. Amid strong uranium prices, the transaction follows the company’s acquisition of the advanced Yarramba uranium project, in South Australia, in... →
Peninsula selects contractor for Lance uranium plant expansion
By: Mariaan Webb 11th April 2024 Peninsula Energy, the project owner of the Lance uranium mine in Wyoming, has appointed US-based engineering, procurement and construction services group Samuel as the contractor for the plant expansion of the Ross central processing plant (CPP) at the mine site. The Ross facility, initially... →
Berkeley affirms commitment to Salamanca project amid investment dispute
By: Creamer Media Reporter 10th April 2024 Uranium project developer Berkeley Energia remains steadfast in its commitment to the Salamanca project and remains open to discussions with Spanish authorities, the company said on Wednesday. This comes as the company announced that it would refer its investment dispute with Spain to... →
Peninsula strengthens board and management team
By: Creamer Media Reporter 9th April 2024 ASX-listed Peninsula Energy has appointed David Coyne as nonexecutive director and Willie Bezuidenhout as interim CFO. Coyne and Bezuidenhout start their respective new roles at an exciting time for Peninsula, as the company works towards the restart of uranium production at its flagship Lance... →
Use underground mines for electricity storage, optimise mine water use – Karst Hydro
By: Martin Creamer 8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. →
Uranium explorer Toro demerges nickel, gold projects
By: Mariaan Webb 8th April 2024 Uranium development and exploration company Toro Energy on Monday announced the planned demerger of noncore nickel, gold and base metals projects in Western Australia. The demerger announcement follows a review of its assets in light of the strong results delivered from the Lake Maitland scoping... →
Mines investing R46m to put an end to fall-of-ground fatalities 
By: Martin Creamer 5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... →
Australian Rare Earths diversifies with Overland uranium option
By: Creamer Media Reporter 3rd April 2024 In a move towards broadening its exploration horizons and aligning with the global energy transition, Australian Rare Earths (AR3) has unveiled plans to incorporate uranium into its portfolio. The company on Wednesday announced an option to acquire the Overland uranium project, situated in the... →
MRG granted new exploration licence in Mozambique
By: Tasneem Bulbulia 3rd April 2024 ASX-listed MRG Metals has been granted a new exploration licence – the Olinga 11005L exploration licence – in Mozambique, targeting uranium and rare earth elements (REEs). The new Olinga uranium and REE project is situated 890 km north-east of MRG’s Corridor Central and Corridor South heavy... →
Askari’s strategic uranium prospect acquisitions align with clean energy objectives
By: Darren Parker 3rd April 2024 ASX-listed Askari Metals has affirmed that its uranium acquisition strategy in southern Tanzania serves as a cornerstone of the company's African clean energy focus. Askari is set to propel various exploration initiatives across Namibia and Tanzania, with the objective of advancing key project... →
ERA appoints Rio Tinto to manage Ranger rehabilitation
By: Creamer Media Reporter 3rd April 2024 Energy Resources of Australia (ERA) has brought in major shareholder Rio Tinto’s global expertise in mine closure to manage the rehabilitation of the Ranger uranium mine, in Northern Territory. Under a newly announced management services agreement (MSA), Rio Tinto will manage all aspects of the... →
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