R/€ = 19.8470 Change: 0.0557
R/$ = 18.3320 Change: 0.0423
Au 2363.45 $/oz Change: -14.56
Pt 1025.20 $/oz Change: -14.43

Uranium News

Latest cadastre agreement excites South Africa’s Junior Indaba panel 

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Use resources to diversify African economies, unlock sustainable growth

By: Schalk Burger     21st May 2024 A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP... 

Haul trucks in operation at a West African mine

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Cosmos steps into uranium with Nunavut acquisition

By: Mariaan Webb     17th May 2024 ASX-listed critical minerals company Cosmos Exploration on Friday announced its move into uranium with the acquisition of an 80% interest in the Fenix project, in Canada. The 162.7 km2 project is located in the emerging mining district of the Thelon basin, in Nunavut. 

US to offer up to $3.4bn for nuclear fuel makers in June

By: Bloomberg     17th May 2024 The US plans to start soliciting bids worth as much as $3.4-billion to buy domestically produced nuclear reactor fuel as soon as next month, according to a government notice. The funding includes $2.7-billion requested by the White House as part of a broader plan to help restart the domestic... 

A US uranium enrichment plant

Near-term uranium producer Peninsula raises over A$100m

By: Mariaan Webb     16th May 2024 With work at the Lance uranium project in the US continuing at full pace, developer Peninsula Energy on Thursday moved to raise more than A$100-million to carry it through until it starts generating free cashflow by the third quarter of next year. The ASX-listed miner will raise A$105.9-million... 

Near-term uranium producer Peninsula raises over A$100m

Lotus bolsters its management team

By: Tasneem Bulbulia     15th May 2024 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... 

Proposed site layout of the Aurora uranium project
Proposed site layout of the Aurora uranium project

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... 

Queensland Premier Steven Miles
Queensland Premier Steven Miles

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%... 

Peninsula expands Lance uranium resource estimate

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. 

The Rook 1 project
The Rook 1 project

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... 

The Khan project in Namibia
The Khan project in Namibia

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... 

Toro boosts uranium resources with Dawson Hinkler deposit expansion

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... 

Bannerman eyes expansion options for Namibia uranium project

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... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

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... 

enCore Energy CEO Paul Goranson
enCore Energy CEO Paul Goranson

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... 

Exploration drilling at the Toliara project
Exploration drilling at the Toliara project

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... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

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... 

Uranium in hand

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... 

An image showing uranium at the Tiris project in Mauritania
Uranium at the Tiris project

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... 

Dr David Davis
Dr David Davis.

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. 

Ministerial Advisor and Presidency Green Hydrogen Lead Masopha Moshoeshoe.
Hydrogen Economy Discussion covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

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
Photo by Creamer Media
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... 

Peninsula selects contractor for Lance uranium plant expansion

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. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.
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