R/€ = 18.3034 Change: 0.0019
R/$ = 17.3544 Change: 0.1768
Au 1797.30 $/oz Change: 0.00
Pt 1028.50 $/oz Change: 0.00

Uranium News

Toro raises funds for Lake Maitland

By: Esmarie Iannucci     9th December 2022 Uranium developer Toro Energy will raise A$5-million through a share placement to fund further development work at the Lake Maitland project, in Western Australia. The company has received firm commitments for the placement of more than 461.5-million new shares, priced at 1.1c each from new and... 

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Aura successfully produces yellowcake from Tiris samples

By: Darren Parker     6th December 2022 Uranium producer Aura Energy has announced the successful production of yellowcake from beneficiation pilot plant concentrate samples from the company’s Tiris uranium project, in Mauritania. The production of yellowcake in the form of uranium oxide concentrate (UOC) from the samples is a key... 

yellowcake uranium

Etango 8 proves up for Bannerman

By: Esmarie Iannucci     6th December 2022 A definitive feasibility study (DFS) into the Etango 8 uranium project, in Namibia, has confirmed the project’s economic viability, ASX-listed Bannerman Energy said. Based on a nameplate capacity of eight-million tonnes a year, the Etango project is expected to have a mine-life of some 15 years,... 

Critical minerals strategy open for debate

By: Esmarie Iannucci     2nd December 2022 The federal government has released a discussion paper and opened public consultation on the future of the critical minerals industry in Australia. Minister for Resources and Northern Australia Madeleine King said the consultations would inform the government’s new Critical Minerals Strategy and... 

Royalty firm URC opts to receive physical uranium from McArthur River

By: Mariaan Webb     30th November 2022 Nasdaq- and TSX-V-listed Uranium Royalty Corp (URC) has elected to receive royalty proceeds from the recently re-started McArthur River mine, in Canada, through the delivery of physical uranium. URC’s royalty interest applies to Orano Canada’s 30.195% ownership interest in the McArthur River... 

Royalty firm URC opts to receive physical uranium from McArthur River

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

Thor raises exploration funds

By: Esmarie Iannucci     29th November 2022 Dual-listed Thor Mining will raise A$2.65-million in a share placement to fund uranium exploration activities in the US and to fund drilling at the Kelly’s and Krona gold, nickel and lithium projects in the Pilbara. The company on Tuesday announced plans to place more than 378.5-million shares,... 

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

Uranium miner Kazatomprom's Q3 profit surges on higher sales

By: Mariaan Webb     25th November 2022 Kazakhstan's Kazatomprom, the world's biggest uranium miner, reported a nearly sevenfold year-on-year increase in third-quarter profit on Friday as its physical sales volume doubled in the same period. According to the company's financial report, its quarterly profit stood at 138.9-billion tenge... 

Higher costs for Tumas and a new plan for Mulga Rock - Deep Yellow

By: Esmarie Iannucci     25th November 2022 Uranium hopeful Deep Yellow has flagged a cost-blow out at its Tumas project, in Namibia, where a definitive feasibility study (DFS) is currently under internal review. The company told shareholders on Friday that the DFS, which had been completed, had indicated that the project remained... 

Peninsula completes A$32m placement

By: Esmarie Iannucci     25th November 2022 Uranium developer Peninsula Energy has completed the institutional placement of its planned A$35-million capital raise, raising an initial A$32-million. The company earlier this week announced a final investment decision (FID) on its Lance uranium project, in the US, announcing a A$35-million... 

Miners welcome Australia's critical mineral support

By: Esmarie Iannucci     25th November 2022 Federal Resources Minister Madeleine King has outlined the Commonwealth government’s measures to assist in developing the critical minerals industry in the country, among which was the development of a new Critical Minerals Strategy. Speaking at the Australian Critical Minerals Summit, in... 

Bill passes to give ERA more time at Ranger

By: Esmarie Iannucci     24th November 2022 ASX-listed Energy Resources of Australia (ERA) has welcomed the passing of the Atomic Energy Act Amendments Bill, which would allow the company to extend its existing authority of the Ranger uranium mine, in the Northern Territory, beyond the current 2026 deadline. The federal government in... 

Peninsula pulls the trigger on Lance uranium restart

By: Esmarie Iannucci     24th November 2022 Uranium hopeful Peninsula Energy has taken a final investment decision (FID) to restart uranium production at its Lance project, in Wyoming, and has announced a A$35-million capital raise to fund the activities. The Lance project holds a Joint Ore Reserves Committee compliant resource of... 

Peninsula pulls the trigger on Lance uranium restart

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears 

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

UEC gets green light for Texas plant upgrade as it works to return to production

By: Mariaan Webb     17th November 2022 North America-focused Uranium Energy Corp (UEC) has been given approval to increase the capacity of its Hobson central processing plant to four-million pounds a year, which will make it the plant with the biggest licenced capacity in Texas and the second largest in the US. The Hobson plant... 

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Madison gets enviro go-ahead to begin drilling programme in Namibia

By: Darren Parker     14th November 2022 Uranium developer Madison Metals has been awarded an environmental clearance certificate (ECC) by the Namibian Ministry of Environment, Fisheries and Tourism for exclusive prospecting licences 8531 (EPL-8531) and 8115 (EPL-8115).   The issuance of the ECC is underpinned by the submitted and... 

Energy Fuels sells Alta Mesa to enCore for $120m

By: Mariaan Webb     14th November 2022 US-based Energy Fuels on Monday announced the sale of its Alta Mesa in-situ recovery (ISR) project, in Texas to encore Energy for $120-million, boosting its coffers to fully fund its other higher priority uranium and rare earth element (REE) projects over the next two to three years. “This is a... 

Energy Fuels sells Alta Mesa to enCore for $120m

More investment needed in Australia's critical minerals - PwC

By: Esmarie Iannucci     11th November 2022 A new report by PwC found that despite an increase in Australia’s critical minerals sector, the country’s current pipeline of development projects would fall well short of expected demand surge. In its latest Aussie Mine report, PwC said on Friday that factoring in project lead times, Australia... 

An image of the Australian flag

Production restarts at McArthur River/Key Lake after four-year hiatus

By: Mariaan Webb     10th November 2022 The first pounds of uranium ore from the McArthur River have been milled and packed at the Key Lake mill, marking the return of production from these operations that were idled four years ago due to persistent weakness in the global uranium market. The company announced in February that it would... 

The McArthur River operation in Canada
The McArthur River operation in Canada

Mining Indaba to welcome more delegates, new features in 2023

By: Sabrina Jardim     9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... 

Simon Ford
Photo by Creamer Media's Donna Slater
Simon Ford

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Cameco to sign supply deal with China’s CNNC

By: Creamer Media Reporter      8th November 2022 Canadian uranium miner Cameco has signed a uranium supply agreement with the China Nuclear International Corporation, a subsidiary of the China National Nuclear Corporation (CNNC) – one of the country’s biggest nuclear power operators. The contract was finalised earlier this year and was marked... 

Madaouela a unique development opportunity – GoviEx

By: Tasneem Bulbulia     7th November 2022 Mineral resources company GoviEx Uranium has filed a technical report titled ‘A feasibility study for the Madaouela uranium project, Niger" dated November 1. The feasibility study is noted to represent an extremely detailed, fully costed, and updated study of GoviEx’s Madaouela uranium project,... 

US miner plans to restart large-scale uranium production ‘very soon’

By: Mariaan Webb     7th November 2022 US-based Energy Fuels is making “significant” investments in a number of its existing mines and production facilities, with an eye toward resuming large-scale uranium production “very soon”, CEO Mark Chalmers said on Friday. Energy Fuels would restart production at “one or more” of its mines and... 

Energy Fuels' Nichols Ranch ISR plan
Energy Fuels' Nichols Ranch ISR plan

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Madison reports initial sales of first uranium-backed NFT

By: Tasneem Bulbulia     28th October 2022 Upstream mining and exploration company Madison Metals and FinTech company Lux Partners have announced the first capital inflow from the first tranche of the Lux Uranium token. Madison will receive $5.12-million in proceeds. 

US developing domestic uranium strategy - Energy Secretary

By: Reuters     27th October 2022 The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce dependency on Russia for the fuel, Jennifer Granholm, the US energy secretary told reporters on Wednesday. The United States relies on Russia... 

An image of Jennifer Granholm
Jennifer Granholm

Make green hydrogen part of official economic recovery plan, Dept of Science and Innovation urges  

By: Martin Creamer     26th October 2022 South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the... 

Dr Cosmas Chiteme, Director of Hydrogen and Energy, Department of Science and Innovation.
Mistra platinum group metals event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World's biggest uranium miner seeks extra shipping capacity bypassing Russia

By: Reuters     26th October 2022 Kazatomprom, the world's biggest uranium miner, is seeking to boost the capacity of its alternative shipping route which bypasses Russia to mitigate risks from potential sanctions, the Kazakh company said on Wednesday. Landlocked Kazakhstan has traditionally shipped most of its key exports such... 

World's biggest uranium miner seeks extra shipping capacity bypassing Russia

Miners welcome Budget outcomes

By: Esmarie Iannucci     26th October 2022 The resources sector has welcomed the federal government’s Budget, but has warned that policy changes could have a negative impact on future investments. The Budget papers point out that higher commodity prices are expected to drive near-term tax receive forecasts on the back of stronger... 

Lake Maitland's economics prove up

By: Esmarie Iannucci     24th October 2022 A scoping study into a stand-alone uranium and vanadium operation at the Lake Maitland project, in Western Australia, confirmed the project economics. ASX-listed Toro Energy previously flagged a capital cost of A$270-million to develop the operation, which would process at a rate of 1.94-million... 

Aus/Japan strike critical minerals partnership

By: Esmarie Iannucci     24th October 2022 Just days after announcing the development of a Critical Minerals Strategy, the Australian government signed a new critical minerals partnership with Japan to help build secure supply chains. The partnership will establish a framework for building secure critical minerals supply chains between... 

Image shows a hand shake

America's new nuclear power industry has a Russian problem

By: Reuters     20th October 2022 US firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it's Russian. That's why the US government is urgently looking to use some of its stockpile of weapons-grade uranium to help fuel the... 

A photo of uranium

Aura completes Tiris infill drilling with intent to upgrade mineral resource

By: Donna Slater     19th October 2022 ASX-listed uranium and polymetallic producer Aura Energy has completed air core drilling at the Tiris uranium project, in Mauritania, as its key objective this year in its efforts to deliver near-term Phase 1 uranium oxide production. The 10 000 m infill drilling programme is designed to upgrade... 

Sasol/Saldanha sign MoU for green hydrogen hub in Western Cape

By: Martin Creamer     18th October 2022 Integrated energy and chemicals company Sasol, already a seasoned grey hydrogen producer, and Freeport Saldanha Industrial Development Zone on Tuesday announced the signing of a memorandum of understanding  (MOU) to facilitate a green hydrogen hub in the Western Cape. In terms of the MOU, the... 

Freeport Saldanha CEO Kaashifah Beukes.
Freeport Saldanha CEO Kaashifah Beukes.
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