Uranium - Copperbelt Katanga Mining

GoviEx Uranium Shifts Focus to Zambia Amid Niger Setback

July 21, 2024July 21, 2024 Constance

TSX-V-listed GoviEx Uranium has announced its intention to fight for its rights at the Madaouela project in Niger while redirecting efforts towards its Muntanga project in Zambia. Nearly two weeks ago, the Nigerien government informed GoviEx that it no longer holds rights over the mining permit perimeter for its Madaouela project, which has reverted to the public domain. “This decision came despite our very best efforts spanning almost two decades, transforming Madaouela from an exploratory venture into one of the world’s largest-known uranium deposits. Since acquiring our license, we have… Read More Here

International Uranium

Turkey Seeks Access to Niger’s Uranium Deposits Amidst Shifts in Mining Rights

July 20, 2024July 20, 2024 Constance

On Wednesday, Turkey’s foreign, defense, and energy ministers visited Niger to negotiate access to the country’s substantial uranium reserves. This move comes in the wake of Niger’s recent revocation of mining rights held by Canadian and French companies, following the military coup that took control of the West African nation in July 2023. The Turkish delegation, led by Foreign Minister Hakan Fidan and accompanied by top intelligence official Ibrahim Kalin, aims to tap into Niger’s uranium resources to support Turkey’s expanding nuclear power sector. This interest is particularly relevant as… Read More Here

International Uranium

GoviEx Shares Plunge as Niger Revokes Madaouela Uranium Mining Permit

July 7, 2024July 7, 2024 Constance

Shares in GoviEx fell by 29% last week after the company announced that Niger had withdrawn the mining permit for its Madaouela uranium property. “GoviEx Uranium has been informed by the Government of the Republic of Niger, via a letter from the Minister of Mines, that it no longer has rights over the perimeter of the Madaouela mining permit, which is now in the public domain,” the company stated. This development is a significant blow to GoviEx, which has been developing Madaouela since 2007. GoviEx CEO Daniel Major, who has… Read More Here

International Energy Uranium

Bannerman Energy Raises A$85 Million to Advance Etango-8 Uranium Project

June 30, 2024June 30, 2024 Constance

Australia-listed uranium junior Bannerman Energy announced on Friday a placement to raise A$85 million for the continued development of its Etango-8 project in Namibia. The two-tranche placement consists of 25.8 million new fully paid ordinary shares issued to new and existing institutional and sophisticated investors at a price of A$3.30 each. Upon completion, Bannerman will have about A$100 million in cash reserves. “Proceeds from this placement will enable us to further progress our Etango-8 project, following positive outcomes from the recently announced front-end engineering design (FEED) and control budget estimates… Read More Here

International Uranium

Gibb River Diamonds Acquires Uranium Projects in Namibia

June 25, 2024June 25, 2024 Constance

Australian company Gibb River Diamonds has acquired two uranium projects in Namibia, encompassing six exclusive prospecting licenses over an area of 1,828 km². Alongside its ongoing development of the Ellendale diamond project and Edjudina gold project in Australia, Gibb River Diamonds is expanding its portfolio with these strategic acquisitions in the Erongo and Kunene districts of Namibia. The Erongo district is a world-renowned uranium-producing region, hosting significant assets like Paladin’s Langer Heinrich, Deep Yellow’s Tumas deposit, and Elevate Uranium’s Koppies project. Gibb’s Erongo project currently includes two permit applications covering… Read More Here

Uranium Exploration

Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project

June 6, 2024June 6, 2024 Constance

Snow Lake Resources has established a field camp at the Engo Valley Uranium Project, marking the start of its 2024 exploration program. The company recently entered into a binding letter of intent with Namibia Minerals and Investment Holding, a private British Columbia company, to acquire up to 85% of the project. Namibia Minerals and Investment Holding holds 100% of the rights, title, and interests in EPL-5887. Although the acquisition is still subject to customary closing conditions, Snow Lake has planned a multi-phase exploration program for 2024. Field crews began mobilizing… Read More Here

International Uranium

Russia Eyes Uranium Assets in Niger Amid Strengthening Ties with Military-Led Authorities

June 5, 2024June 5, 2024 Constance

Reports indicate that Russia is exploring the acquisition of uranium assets in Niger currently held by the French state-controlled company Orano SA, according to sources familiar with the matter. Rosatom, Russia’s state nuclear company, has engaged in discussions with Niger’s military-led authorities regarding the potential acquisition of assets owned by Orano SA, as revealed by a source in Moscow who requested anonymity, as reported by Bloomberg. A western diplomat based in the region suggested that the discussions likely involve mining permits. Niger accounted for approximately 4% of global uranium mine… Read More Here

International Drilling Uranium

Madison begins drilling at Namibian uranium project

May 23, 2024May 23, 2024 Constance

Toronto-based Madison Metals has started its maiden 2024 drill programme at the Khan project at Madison West in Namibia’s Erongo uranium province. In April, the company announced that it had embarked on a mapping programme ahead of the drill programme, which consisted of infill geological mapping, along with ground scintillometer and spectrometer surveys over several Anomaly 5 drill targets. Madison’s original surveying was completed at 40 m line spacing with 10 m station spacing. The company added new drill targets at Anomaly 5 by surveying at 20 m line spacing.… Read More Here

Mining in Zambia Copper New Mining Projects Uranium

Prospect Resources Completes Deal with Orpheus Uranium

May 9, 2024May 9, 2024 Constance

Prospect Resources Limited (PSC: ASX, 5E8:FRA) has finalized a significant deal with Orpheus Uranium Limited (ASX: ORP), marking a milestone in the advancement of their Mumbezhi Copper Project in Zambia. The agreement, announced publicly on April 9, 2024, provides Prospect with access to crucial data to propel their project forward. As part of the agreement, Prospect paid Orpheus A$1.0 million in fully paid PSC shares, serving as partial reimbursement for prior exploration expenses. Additionally, three options to acquire ordinary PSC shares were granted for every four shares issued, priced at… Read More Here

International Uranium

Rio Tinto to manage Ranger uranium mine clean-up in Australia

April 6, 2024April 6, 2024 Constance

Energy Resources of Australia (ERA) has chosen Rio Tinto to carry out Ranger uranium mine rehabilitation in Australia’s Northern Territory after several delays and cost overruns. Rio Tinto holds an 86.3% stake in ERA. ERA ceased mining operations at the Ranger site in 2021, aiming to complete the site’s clean-up and restoration by 2026 at an estimated cost of around A$800m ($527.7m). However, the company encountered several setbacks, leading to a revised cost projection of more than A$2.2bn and an extended completion timeline beyond 2028. ERA CEO Brad Welsh said:… Read More Here