| Abstract: |
The uranium-mining industry will likely need to see prices lift “considerably” before lower-grade, higher cost mines can be brought into production, Jean Nortier, the CEO of Vancouver-based Uranium One, said on Monday.
Uranium One also announced earlier in the day that it had agreed to buy additional assets to speed up its production plans in the US, and that it is in negotiations to sell its shuttered Dominion mine, in South Africa, for about $38,5-million in cash, net of transaction costs. |