Lending Rates (April 23, 2007)
as of 9 a.m. ET, Apr. 16, 2007 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
2007
Equinox Studies Lumwana’s Uranium Potential
With mine construction well under way at its large, wholly owned Lumwana copper project in northwestern Zambia, Equinox Minerals (EQN-T, EQN-A) now has the time to revise a bankable feasibility study …
Uranium Explorers Discover Peru
Nuclear power is back in fashion, and with it, so is Peru’s uranium wealth.
CanAlaska Closes Mitsubishi Deal
Vancouver — CanAlaska Uranium (CVV-V, CVVUF-O) has finalized its agreement with Mitsubishi Development to partner on exploration of the West McArthur uranium project in the southeastern Athabasca bas…
Thistle Creditors Hit Brakes
The controlling shareholders of Thistle Mining (THTLF-O, TMG-L), which are also the company’s major shareholders, have given notice to Thistle to pay up on debt due at the beginning of April.
Paladin’s Trials and Triumphs
The rush of uranium juniors unleashed on the market by surging yellowcake prices has provided investors with no shortage of speculative exploration plays.
Laramide Well Positioned in Uranium Boom
Drill results from Laramide Resources’ (LAM-T, LMRXF-O) La Jara Mesa uranium property, in New Mexico, provided another shot in the arm to the share price of the Toronto-based company at the end of Mar…
UrAsia Shareholders OK Uranium One Arrangement
Vancouver — Shareholders of UrAsia Energy (UUU-V, UAEYF-O, UUU-L) have overwhelmingly endorsed SXR Uranium One’s (SXR-T, SXR-J) friendly deal to acquire the company, with 99.89% of cast votes giving …
Diavik Worker Wins Award
The Arctic Energy Alliance, a not-for-profit organization that helps northerners reduce energy use through new initiatives, has awarded Nick Strus of Diavik Diamond Mines its 2006 Energy Efficiency Aw…
Azimut Employs JV Strategy at Quebec Properties
Montreal’s Azimut Exploration (AZM-V, AZMTF-O) has signed several letters of intent for $14.6 million worth of exploration over the next five years on its northern Quebec uranium properties.
Exchange Rates (April 23, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Uranium Binge for Spruce Ridge
Spruce Ridge Resources (SHL-V) is patiently waiting for Newfoundland’s spring break-up to pass so it can begin a 2,700-metre drill program on its two uranium properties.