Uranium - Copperbelt Katanga Mining

GoviEx to acquire 51% interest in Zambia exploration license

September 9, 2024September 9, 2024 Constance

TSX- and OTCQX-listed GoviEx Uranium has obtained an option to acquire a 51% interest in the Lundazi exploration licence from Stalwart Investments. This move is a key part of GoviEx’s strategy to expand its footprint in Zambia’s uranium sector. The Lundazi licence spans 817.9 km², an area notable for the Karoo Supergroup formations, which are known to host significant sandstone-based uranium deposits. This geological setting makes the Lundazi region a promising site for uranium exploration. The geology in Lundazi closely mirrors that of GoviEx’s ongoing Muntanga project, also located in… Read More Here

International Gold Mergers & Acquisitions Uranium

Neo Energy Metals Expands Uranium and Gold Portfolio with Beisa Mine Acquisition

August 15, 2024August 15, 2024 Constance

Neo Uranium Resources Beisa Mine (NURB), a subsidiary of South Africa- and London-listed Neo Energy Metals (NEO), has signed a binding agreement to acquire the Beisa North and Beisa South uranium and gold projects in the Witwatersrand Basin, Gauteng, from Sunshine Mineral Reserve. The Beisa North and South projects contain resources of 90.24 million pounds of triuranium octoxide (U3O8) and 4.17 million ounces of gold. These projects are located immediately north and south of the former high-grade Beisa uranium mine and are adjacent to the existing multimillion-ounce gold mining operations… Read More Here

International Lithium Uranium

Namibia Tightens Mining License Approvals Amid Underperformance

August 8, 2024August 8, 2024 Constance

Namibia has announced that less than half of its approved mining projects are currently operational, leading the government to adopt a stricter approach to issuing permits. Of the 162 mining licenses approved by the country, only 68 are active, according to Mines and Energy Minister Tom Alweendo, who spoke at a conference in Windhoek on Wednesday. As the world’s third-largest uranium producer and a nation rich in lithium and rare earth minerals like dysprosium and terbium, Namibia is seeking to better manage its resources to benefit its citizens. The government… Read More Here

International Uranium

Paladin Energy Celebrates First Uranium Shipment from Langer Heinrich Mine in Namibia

July 26, 2024July 26, 2024 Constance

Paladin Energy announced on July 22 that it has successfully completed its first shipment of uranium since the restart of its Langer Heinrich mine in Namibia. A cargo of 319,229 pounds of uranium departed from the port of Walvis Bay on July 12, destined for customers. The Langer Heinrich mine resumed commercial production on March 30, 2024, following a maintenance and servicing period that began in May 2018 due to low global uranium prices. The company is on track to meet its fiscal year 2025 targets, with the mine having… Read More Here

Mining in Zambia Uranium

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