Impairment on US asset sale widens Denison's Q1 loss

Denison Mines, the Toronto-based uranium producer, on Wednesday reported a widened $52-million loss for the first quarter, after the company took a $44-million impairment related to the sale of its US assets to Toronto-listed Energy Fuels,...

Long-term uranium market outlook sound, says RCR

The long-term outlook for the uranium market remained sound, despite the events surrounding the Fukushima nuclear fallout in Japan, said equity research firm Resource Capital Research (RCR) on Thursday. “The key lesson from Japan’s nuclear...

US extends ban on new mining claims near Grand Canyon

The US Department of the Interior has extended a temporary ban on new mining claims near the Grand Canyon for six months, and recommended a longer-term ban for about one-million acres of government-owned land in the area. The Bureau of Land...

Denison moves to compulsory acquisition of White Canyon shares

Uranium miner Denison Mines will start its compulsory acquisition of the remaining shares in ASX- and TSX-listed White Canyon Uranium, after securing a 97% shareholding at the end of its takeover offer. In February, Denison made a friendly...

Uranium miner Denison posts Q1 loss

Uranium producer Denison Mines, which reported a $7,1-million first-quarter net loss on Thursday, said it has received 65% of White canyon’s shares so far, and extended the deadline for shareholders to accept its offer to June 10. TSX-listed...

Denison now owns 58% of White Canyon

Uranium producer Denison Mines has secured 58% of TSX V- and ASX-listed White Canyon, after making a friendly offer for the company in February, valuing it at C$56,6-million. The offer, which has a 90% minimum acceptance condition, is set to...

Denison makes friendly offer for White Canyon

Uranium miner Denison Mines has agreed to buy White Canyon Uranium for about C$56,6-million, or A$57-million, the company said on Tuesday.

Uranium spot price could rise in Q1, as utilities return to the market

The spot price for uranium is expected to consolidate at the current level of around $60/lb, but prices could increase as utilities come back into the market at the start of the new year. The current uranium spot price is 25% higher than the...

Denison announces initial resource for Wheeler River project

Toronto-based Denison Mines has completed an initial resource calculation for the Phoenix discovery at its Wheeler River project, in the Athabasca Basin, the firm reported on Tuesday. Indicated resources (from the Phoenix A zone) are estimated at...

McClean Lake mine, Canada

A uranium mine, situated in Canada.

Resources Watch

This week: Denison Mines touts Athabasca uranium find; Kinross CEO plays his cards close on plans for Red Back shares; and Uranium One closes the door on Dominion, remains mum on Paladin stake.

Denison touts Athabasca uranium find

The Phoenix uranium deposit, on the Wheeler River property in Canada's Athabasca Basin, could be “one of the most promising discoveries” in two decades in the uranium rich district, Denison Mines CEO Ron Hochstein suggested on Thursday....