Uranium price bound for US$160 record: Sprott
The price of uranium could surpass 2007 highs this year as utilities ramp up demand for nuclear fuel and miners hit snags in boosting supply, the world’s largest investment fund…
Kazatomprom
McClean Lake uranium mine headed for 2025 restart
Denison Mines (TSX: DML; NYSE: DNN) and joint venture partner Orano Canada said on Wednesday they will restart the McClean Lake mine, located in the uranium-rich Athabasca Basin in northern Saskatchewan,…
Uranium sector ‘scrambling’ to fill supply gap
The price of uranium will hit triple-digits for the first time since 2007 as nations weaning off oil and seeking energy security deplete nuclear fuel supplies, the world’s largest investment…
Top uranium miner Kazatomprom to develop own rare metals deposit
The world’s largest uranium producer, Kazatomprom (LSE: KAP), will begin developing its own deposit of rare metals in Kazakhstan’s Aktobe province through its subsidiary Ulba Metallurgical Plant. The Kazatomprom’s unit,…
Kazatomprom’s 2022 profit doubles as it lowers 2023 production guidance
Kazatomprom (LSE: KAP) reported a 115% increase in full-year 2022 earnings on Friday, thanks to a 31% increase in the average realized uranium price. Despite the solid financial performance, the…
Cameco reports Q3 uranium contracting gains, touts scooping Russian market share
Canadian uranium major Cameco (TSX: CCO; NYSE: CCJ) has narrowed its September-quarter loss, citing building momentum in long-term contracting by power utilities amid concern about global energy security and the…
Japan’s nuclear policy shift marks a turning point for uranium
More than a decade after the 2011 nuclear accident at the Fukushima Daiichi nuclear power plant in Japan roiled the uranium industry, the country has announced a major policy shift…
World’s largest uranium miner Kazatomprom ups 2024 production goals
Uranium producer Kazatomprom (LSE: KAP), the world’s largest, has increased its 2024 production target by about 10% on the back of growing demand for nuclear energy amid global energy concerns, in…
Kazakh uranium industry unaffected by unrest
The world’s largest uranium producer, Kazatomprom, remains unaffected by the ongoing turmoil in the Central Asian state of Kazakhstan, Reuters reported the Kazakh producer as saying. “Uranium mining is going…
Cameco halts conversion facility in Ontario
Canada’s Cameco (TSX: CCO; NYSE: CCJ), the world’s largest publicly traded uranium miner, is placing its plant at the Port Hope conversion facility in Ontario in a temporary safe shutdown…
Uranium holding companies offer alternative to producers
The uranium spot price has hovered around US$25 ($32.86) per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The…
Editorial: Global geopolitics sideswipe African uranium miners
The global uranium mining market in the 2010s took a hit from the Fukushima nuclear disaster in Japan in 2011 — which cut global uranium demand some 10% for many…