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Category: Uranium

International Press Release Uranium 

Namibia Strengthens Uranium Market with Exploration and Production (E&P) Expansion

Constance0 comment
CAPE TOWN, South Africa, April 9, 2025/ — Namibia is expanding its uranium industry through a combination of established operations and new Exploration and Production (E&P) initiatives. With an average production of 5,613 metric tons in recent years, Namibia has solidified its position as the world’s third-largest uranium producer. As global interest in uranium increases to meet growing demand for nuclear electricity, the country is intensifying cooperation with international E&P companies to unlock the full potential of its uranium market. The upcoming African Mining Week – taking place October 1-3… Read More Here
Mining in DRC Battery Metals Governance Uranium 

DRC Seeks Exclusive Partnership with US for Critical Minerals and Security Assistance

Constance
The Democratic Republic of Congo (DRC) has proposed an exclusive partnership with the United States, offering access to its vast mineral resources and infrastructure projects in exchange for security assistance amid a rebellion supported by neighboring Rwanda. In a letter to US Secretary of State Marco Rubio, Congo requested an urgent meeting between Presidents Felix Tshisekedi and Donald Trump to discuss a potential agreement that would grant American companies access to some of the world’s most valuable minerals essential for the global energy transition. “As the world’s largest supplier of… Read More Here
Mining in Zambia New Mining Projects Uranium 

GoviEx Advances Muntanga Uranium Project Financing in Zambia

Constance
TSX-listed GoviEx Uranium has appointed Endeavour Financial as its financial adviser, marking the first step in securing project financing for its Muntanga uranium project in Zambia. Muntanga is a near-term uranium project with well-established export routes to both Western and Eastern markets. It has a net present value (NPV) of $243 million, an internal rate of return (IRR) of 20.8%, and a rapid payback period of 3.8 years. The project is highly leveraged to uranium prices, with its NPV increasing by $45 million for every $5/lb rise in triuranium octoxide… Read More Here
Mining in Zambia New Mining Projects Uranium 

GoviEx Highlights Strong Economics and Low-Cost Potential for Muntanga Uranium Project in Zambia

Constance
GoviEx Uranium, listed on the TSX-V, has announced robust feasibility study results for its Muntanga uranium project in Zambia. The study highlights the project’s low technical risk and confirms its potential as a shallow open-pit mine with a heap leaching operation. The feasibility study estimates an after-tax net present value (NPV) of $243 million, with an internal rate of return (IRR) of 20.8%, based on a triuranium octoxide (U3O8) price of $90 per pound. For every $5 increase in the U3O8 price, the NPV increases by $45 million. The project… Read More Here
International Uranium 

Namibia Seeks Chinese Investment to Enhance Uranium Sector and Clean Energy Efforts

Constance
Namibia, one of the world’s largest uranium producers, is actively seeking investment from China in nuclear power to strengthen its role in the global transition to clean energy. “We aim to add value to our uranium for the peaceful development of nuclear energy,” said President Nangolo Mbumba during a meeting on Monday with Chinese Foreign Minister Wang Yi, who is on a week-long tour of Africa. Yi’s visit underscores China’s efforts to expand its influence in Africa, aiming to outpace the United States by offering better trade deals, more investment… Read More Here
International Uranium 

Orano Loses Control of Niger’s Somair Uranium Mine Amid Governance Issues

Constance
Orano, a major player in the nuclear energy sector, has lost control of its Somair uranium mine in Niger due to governance issues and interference from Nigerien authorities. The French company, which owns over 60% of Somair, had already suspended production after Niger halted uranium exports last year. Niger, responsible for around 4% of global uranium production, has long been a key supplier to Orano. However, following a military coup in the country last year, the situation for international companies has become increasingly unstable. Orano cited the recent actions of… Read More Here
Mining in Zambia Uranium 

GoviEx Uranium Completes Successful Metallurgical Testwork at Zambia’s Muntanga Project

Constance
TSX-V-listed GoviEx Uranium has successfully completed an extensive metallurgical testwork program at Mintek in South Africa, aimed at demonstrating the viability of the heap leach process for its Muntanga project in Zambia. The testwork confirmed that uranium recoveries of 90% or higher were achieved from the main deposits, Muntanga and Dibbwi East, which represent 80% of the measured and indicated resources. Additionally, it showed short recovery times within 20 days, low acid consumption, and fast kinetic rates, supporting the feasibility of small on-off leach pads for the project. The program… Read More Here
International Mergers & Acquisitions Uranium 

Askari Metals Completes Full Acquisition of Eyasi Uranium Project in Tanzania

Constance
Askari Metals has announced the full acquisition of the Eyasi Uranium Project in northern Tanzania through its subsidiary, Infinum Uranium. The project was identified as a highly prospective target for surface uranium deposits following an extensive review of geological and geophysical data. The Eyasi Uranium Project spans 292 km² and is located approximately 320 km northwest of Dodoma. The project’s geology is dominated by the Precambrian Eastern Granulite Complex and is associated with the East African Rift system. The region’s geological features suggest the presence of uraniferous fluvial channel systems,… Read More Here
Uranium International 

Star Minerals Partners with Madison Metals on Namibia Uranium Project Near Rossing Mine

Constance
Australia-listed Star Minerals has partnered with Canada-listed Madison Metals to advance a uranium project in Namibia’s Erongo region, close to the renowned Rossing uranium mine. Under the agreement, Star will invest $2.425 million over three years for exploration on the Cobra project, alongside making staged payments to Madison Metals. “We’re excited to add this significant foreign uranium estimate to our portfolio and collaborate with Madison to verify and enhance the resource while exploring the promising potential in the region,” said Star Minerals Chairperson Ian Stuart. He highlighted the company’s expertise… Read More Here
International Uranium 

Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana

Constance
ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here

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