Cameco shares surge despite posting Q1 loss
Despite the near-term costs of its business strategy and unplanned disruptions due to the Covid-19 pandemic, Cameco (TSX: CCO; NYSE: CCJ) ended the first quarter of 2021 with over a billion…
Uranium
Denison bids for JCU (Canada) Exploration
Denison Mines (TSX: DML; NYSE-AM: DNN) is offering to buy JCU (Canada) Exploration Company, a wholly owned subsidiary of Overseas Uranium Resources Development Company Ltd., for cash payments of up…
Is uranium coming back in vogue?
Last week, Anthony Milewski, a director of International Consolidated Uranium, made the case to our readers that uranium sentiment is finally improving and the nuclear fuel is now having its…
Fission offers $30M bought deal for Triple R development
Fission Uranium (TSX: FCU; US-OTC: FCUUF) has announced a $30 million bought deal public offering, the proceeds of which will be used to advance development of the Triple R deposit…
Africa Snapshot: Eight companies seeking opportunities
Be it gold, copper or uranium, the African continent has powerful resources for mining. And there are several industry-friendly governments that are ready to secure their futures with new resource…
Is uranium sentiment improving?
After years of neglect, uranium stocks have been enjoying time in the sun. What’s interesting is that today’s spot price of US$30 per lb., while considerably higher than its multi-year…
TSX up, April 12-16
The S&P/TSX Composite Index rose 0.64% to 19,351.32 during the April 12-16 trading week. The S&P/TSX Global Mining Index jumped 4.81% to 111.25, and the S&P/TSX Global Base Metals Index…
Election result in Greenland could jeopardize Kvanefjeld project
A snap election on April 6 focused on mining, fishing and the environment, saw Greenland’s Inuit Ataqatigiit (Community of the People party) secure 37% of the votes, giving it 12…
Stars are aligning for uranium price rally
The uranium market is emerging from years in the doldrums as the overhang from the nuclear disaster in Japan is cleared and global demand picks up steam. The spot price…
TSX mixed, March 15-19
The S&P/TSX Composite Index fell 0.53% to 18,854 during the Mar. 15-19 trading week. The S&P/TSX Global Mining Index slipped 2.68% to 103.66, and the S&P/TSX Global Base Metals Index…
Denison raising US$75M for physical inventory of uranium
Denison Mines (TSX: DML; NYSE: DNN) is raising US$75 million for the “strategic acquisition” of physical uranium, an initiative the company expects to support the development of its 90%-owned Wheeler…
NexGen closes $150M bought deal for Rook I uranium
NexGen Energy (TSX: NXE; NYSE: NXE) has closed its previously announced $150-million bought deal financing. The company issued 33.4 million common shares at a price of $4.50 per share. The…