Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine 1 International Uranium 

Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine

Paladin Energy Ltd announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine on March 30, 2024. The focus now shifts to production ramp-up and building a finished product inventory in preparation for customer shipments. In line with this transition, Paladin’s Chief Operating Officer, Paul Hemburrow, will assume responsibility for all Langer Heinrich Mine activities. Key operational parameters for 2025 will be guided by Paladin in July 2024. CEO Ian Purdy expressed the significance of achieving the first production milestone at the Langer Heinrich Mine… Read More Here
GoviEx moves closer to being a uranium producer by 2025 2 International Mining in Zambia Uranium 

GoviEx moves closer to being a uranium producer by 2025

GoviEx Uranium has closed its previously announced bought deal private placement financing which includes a partial exercise of the over-allotment option, at a price of C$0.22 per Unit for aggregate gross proceeds of C$10,166,860. Each unit consists of one Class A common share of the company and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one common share at US$0.24 until October 25, 2025. The company expects to close an additional tranche of units on the same terms as the Private Placement in… Read More Here
GoviEx Uranium doubles financing on strong investor demand 3 Uranium International Mining in Zambia 

GoviEx Uranium doubles financing on strong investor demand

Due to strong investor demand, GoviEx Uranium (TSXV: GXU) has revised its agreement with Sprott Capital Partners to increase the size of the recently announced bought deal financing from C$5 million to C$10 million. Sprott, on behalf of a syndicate of underwriters, will now purchase 45.5 million units of the company at a price of C$0.22 per unit. Each unit issued under the offering will consist of one Class A common share and one-half of a common share purchase warrant. Each whole warrant is exercisable at the US dollar equivalent price… Read More Here
GoviEx confirms the start of production of the Madaouela uranium mine for 2025 in Niger 4 Uranium International 

GoviEx confirms the start of production of the Madaouela uranium mine for 2025 in Niger

In 2015, Niger granted a mining permit to GoviEx Uranium for the Madaouela project. 7 years later, the mine has still not entered into construction, in particular due to the low prices and demand observed in recent years. However, the trend has started to reverse. In Niger, Madaouela is expected to go into production in 2025, subject to obtaining financing for the construction works. This was assured by the executive chairman of GoviEx Uranium, owner of the uranium project, on the occasion of the publication on Monday, September 20 of the feasibility study.… Read More Here
Uranium Investors Await Price Rally to Revive Namibia Projects 5 Uranium 

Uranium Investors Await Price Rally to Revive Namibia Projects

Namibia’s finance minister said uranium miners are waiting for prices to recover before reviving projects in Africa’s biggest producer of the ore, which is needed for nuclear power in a world shifting away from fossil fuels. The semi-arid southwest African nation is investing in water facilities and is planning a second desalination plant to supply mines in the dry Erongo region in anticipation of higher uranium prices attracting investors, according to Finance Minister Ipumbu Shiimi. “There are a number of uranium projects in the pipeline just waiting for the price to… Read More Here
Uranium miners ready to meet market needs, WNFC hears 6 Uranium International 

Uranium miners ready to meet market needs, WNFC hears

“We face an unprecedented time ahead of us,” said session moderator Treva Klingbiel, president of TradeTech. “We face both incredible challenges and opportunities given where we are in the marketplace, both with the need for new nuclear and the expectations and realisation that we need it and we face a supply deficit. And also on top of that, we have outsized geopolitical events that are really overshadowing and can impact much of the nuclear fuel cycle.” Cameco President and CEO Tim Gitzel noted the 2011 accident at the Fukushima Daiichi… Read More Here
GoviEx ramps up at Mutanga, targeting feasibility study 7 Mining in Zambia New Mining Projects Uranium 

GoviEx ramps up at Mutanga, targeting feasibility study

Canada-based GoviEx Uranium has started its 2022 field programme at its 100%-owned and mine-permitted Mutanga uranium project, in Zambia, which is planned to be developed following the company’s flagship Madaouela uranium project, in Niger. The field programme will target key aspects that will assist to progress Mutanga towards completion of a feasibility study and potential subsequent funding and construction. The planned field programme includes 15 500 m of infill drilling, with the aim to upgrade Mutanga’s Dibwe East resource from the inferred to the indicated category, extending the work completed… Read More Here
𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐔𝐑𝐀𝐍𝐈𝐔𝐌 𝐃𝐑𝐄𝐀𝐌 𝐑𝐄𝐒𝐔𝐑𝐅𝐀𝐂𝐄𝐒 𝐀𝐒 𝐏𝐑𝐈𝐂𝐄𝐒 𝐆𝐑𝐀𝐃𝐔𝐀𝐋𝐋𝐘 𝐏𝐈𝐂𝐊 𝐔𝐏 8 Uranium 

𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐔𝐑𝐀𝐍𝐈𝐔𝐌 𝐃𝐑𝐄𝐀𝐌 𝐑𝐄𝐒𝐔𝐑𝐅𝐀𝐂𝐄𝐒 𝐀𝐒 𝐏𝐑𝐈𝐂𝐄𝐒 𝐆𝐑𝐀𝐃𝐔𝐀𝐋𝐋𝐘 𝐏𝐈𝐂𝐊 𝐔𝐏

Botswana Uranium deposits are some of the largest inthe World.– A-Cap suspended some onsite works back in 2018, due to low Uranium prices.– Work has now resumed after a positive signal from global Uranium prices. 𝑻𝒉𝒆 𝑷𝒓𝒐𝒋𝒆𝒄𝒕𝒔 | 𝑼𝒓𝒂𝒏𝒊𝒖𝒎 The Letlhakane Uranium Project is one of the world’s largest (global top 10) undeveloped Uranium Deposits. Though named Letlhakane, the project is located near Serule, adjacent to Botswana’s main North-South infrastructure corridor that includes a sealed all-weather highway (the A1 Highway), railway line and the national power grid, all of which… Read More Here
More uranium is consumed than produced and higher prices are required to support new supply: GoviEx Uranium 9 Mining in Zambia Uranium 

More uranium is consumed than produced and higher prices are required to support new supply: GoviEx Uranium

GoviEx Uranium has explained that every year, more uranium is consumed than produced, and higher incentive prices are required to support new supply GoviEx Uranium is the developer of Mutanda Uranium mining project has indicated that it plans to start actual uranium mining in Zambia in the next five years. In a statement, the Canada listed company stated that “the mine-permitted Mutanga project in Zambia is forecast to start production in 2027 and could be the lowest capital intensive uranium project in Africa.” In its annual statement to shareholders, GoviEx… Read More Here
GoviEx encourages African uranium-producing countries to seize market opportunity 10 Mining in Zambia Uranium 

GoviEx encourages African uranium-producing countries to seize market opportunity

The mining company GoviEx Uranium, active in Niger, Zambia and Mali, considered that the recent social unrest in Kazakhstan represents an opportunity to be seized for African uranium-producing countries. Indeed, Kazakhstan is a key player in the uranium market with 40% of the world supply. But the country is sinking into a social crisis following the riots that broke out at the start of 2022, at the risk of creating disruptions in its uranium supply chain. This type of situation may, however, encourage buyers to diversify their sources of supply, with… Read More Here

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