Strateco Hits High-Grade at Matoush
Vancouver — Strateco Resources (RSC-V, SRSIF-O) plans to be in a position to make a reserve estimate for its Matoush property in northern Quebec as early as this summer.
News
U3O8 Explores Guyana’s Remote Interior
It’s been more than 20 years since anyone’s gone looking for uranium in Guyana, but after a lot of digging around for uranium indoors, Toronto-based U3O8 (UWE-V, UTREF-O) has recently begun a 2,500-me…
Uranium North Homes in on Nunavut
Fledgling Uranium North Resources (UNR-V, URNMF-O) plans to spend $3 million this season to explore several projects after accumulating an extensive land package that includes both ground inherited fr…
High-Grade at Midwest
Vancouver — Winter drilling by joint-venture partners Areva Resources Canada, a subsidiary of French energy company Areva (ARVCF-O), and Denison Mines (DML-T, DMLCF-O) hit considerable intervals of h…
Survey Says Gold Is Metal of Choice for Juniors
Vancouver — Despite soaring uranium and molybdenum prices, gold remains the junior explorer’s metal of choice, according to a PricewaterhouseCoopers review of trends in the sector.
Announcement
New Millennium Capital, a Canadian iron ore development company, announced that the Honourable A. Anne McLellan has joined the Company as a Strategic Advisor.
Sprott Moly Closes $189M IPO
Vancouver — Sprott Molybdenum Participation (MLY-T) closed a highly successful initial public offering (IPO) to raise gross proceeds of $189 million on the sale of 37.8 million units at $5.00 apiece.
Going Underground at Shea Creek
Vancouver — Areva Resources Canada, a subsidiary of French energy giant Areva (ARVCF-O) has informed its joint-venture partner UEX (UEX-T, UEXCF-O) that it plans to sink a shaft at their Shea Creek u…
Aurcana Launches La Negra Production
Vancouver — Production has begun at Aurcana’s (AUN-V, AUNFF-O) 80%-owned La Negra silver-copper-zinc-lead mine in Queretaro state, Mexico, following completion of a mill refurbishment and expansion p…
Uranium Resuscitates Icon
Icon Industries (ICN-V) has neither a geologist nor a website, and its new uranium property, in the Otish basin of Quebec, has no name, but the market’s recent infatuation with uranium has forced the …
Why Chubut’s Treasures May Stay Buried
Santiago, Chile — The windswept steppes of Chubut in southern Argentina hide some of the country’s most promising deposits of minerals, including gold, silver and uranium. But local opposition to min…
U.S. Uranium Auction Breaks US$100 Barrier
Vancouver — Spot uranium prices, having recently broken through the US$100-a-lb. barrier, should continue to rise as utilities and U.S. hedge funds scramble to buy up available supplies of the radioa…