Category: Uranium

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

Shares in GoviEx fell by 29% last week after the company announced that Niger had withdrawn the mining permit for its Madaouela uranium property.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

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

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

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

Global Energy Metals Corp (TSX-V:GEMC) has terminated its agreement with Fulcrum Metals Plc and struck a new deal with Terra Balcanica Resources Corp, securing compensation and a royalty over highly prospective uranium projects in Saskatchewan. The agreement’s termination marks a strategic move for Global Energy Metals, as it facilitated a new partnership between Fulcrum and Terra Balcanica Resources. Under the option agreement between Terra and Fulcrum, Terra intends to acquire a 100% interest in Fulcrum’s uranium projects. In exchange for terminating the prior agreement with Fulcrum, Global Energy Metals will… Read More Here