Record 2011 sales for Uranium One sends shares higher

Russian-owned miner Uranium One on Monday said it produced a company record 10.7-million pounds of the nuclear fuel in 2011 – a 45% increase on the number for 2010. For the quarter ended December 31, output jumped by nearly two-thirds compared...

Uranium One hikes Mkuju River resource

Uranium One, which produces the nuclear fuel in Kazakhstan and the US, on Thursday said it increased the indicated resources at its Tanzanian Mkuju River project by 48%, backing management’s expectations that it could build a bigger mine there....

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...

Uranium One hints at Mkuju River output above 5Mlb/y

Uranium One is reluctant to discuss details of its development plans for the Mkuju River project in Tanzania until an updated feasibility study is published early next year, but CEO Chris Sattler indicated on Tuesday that production levels will...

Uranium miners fall on German nuclear announcement

Canadian uranium shares came under pressure on Monday, after Germany announced it would close all of its nuclear power stations by 2022, but a Scotiabank commodity market specialist said the move had been expected and was already factored into...

Uranium shares gain on first positive news in months

An announcement by Traxys North America that it will buy the uranium the US Department of Energy (DoE) planned on selling will take out a large portion of the nuclear fuel that would have ended up on the spot market pressuring prices. The first...

India's arrival as uranium mine buyer to heighten competition - Uranium One

Uranium One CEO Chris Sattler expects to see India emerge as a buyer of uranium companies around the world, increasing competition for a limited number of assets, he said in an interview this week. Bloomberg reported on Friday the country is...

Lithium One names Matysek as new CEO

TSX V-listed Lithium One, exploring for the battery ingredient in Argentina, on Tuesday said it appointed former Potash One boss Paul Matysek as CEO. Incumbent chief executive Patrick Highsmith will become COO and remain president of the company.

Mixed fortunes for uranium shares in Toronto

Uranium junior Rockgate Capital Corp shed 20% in Toronto on Wednesday, as fears around the wrecked Japanese Fukushima Daiichi heightened. Uranium One gained 2% and Cameco closed flat.

China's CGNPC may cut bid for Kalahari

State-owned China Guangdong Nuclear Power may cut its proposed £756-million offer for uranium-miner Kalahari Minerals in light of Japan's nuclear crisis, a CGNPC official said on Wednesday. The official said CGNPC and Kalahari, which backed the...

Uranium shares head south again

After having started Wednesday in the green, TSX-listed uranium shares fell further as worries grew over Japan's nuclear crisis. Uranium One, Denison Mines, Paladin and Mega Uranium clawed back some of the losses from earlier in the week that saw...

Uranium shares continue plunge on quake nuclear fears

Uranium shares continued to fall on Tuesday as reports said the Japanese nuclear crisis intensified and the spot price of the fuel tumbled. Uranium One lost 19% to trade at C$3,49 a share as at 10:41 on the TSX – nearly half the level it was...