Category: Uranium

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

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

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