R/€ = 17.07 Change: -0.10
R/$ = 16.75 Change: -0.23
Au 1759.45 $/oz Change: -45.76
Pt 864.29 $/oz Change: -12.61

Uranium News

GGG secures arbitration funding

By: Esmarie Iannucci     5th July 2022 ASX-listed Greenland Minerals (GGG) has secured litigation funding from Woolridge Investments, a wholly-owned subsidiary of Burford Capital, to fully fund the arbitration costs in the dispute with the government of Greenland and the government of the Kingdom of Denmark. GGG earlier this year... 

Mine haulage transition to electric offered without disruption   

By: Martin Creamer     1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

Creamer Media screenshot.
ABB's Erik Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

DRA, Senet appointed to conduct Tiris FEED study

By: Donna Slater     30th June 2022 ASX- and Aim-listed uranium and polymetallic miner Aura Energy has engaged with engineering consultants DRA Global, and its wholly-owned subsidiary Senet, to start Phase 1 of the Mauritania-based Tiris uranium front-end engineering design (FEED) study. The FEED study for its 85%-owned Tiris... 

ERA seeks urgent interim funding solution for Ranger rehabilitation

By: Darren Parker     24th June 2022 Owing to Energy Resources of Australia’s (ERA’s) current unfavourable cash-on-hand position, the ASX-listed company has stated that it is urgently seeking an interim funding solution to pay for ongoing rehabilitation efforts at its Ranger project, in the Northern Territory. The mine project area,... 

Denison inks participation and funding agreement with KML

By: Mariaan Webb     24th June 2022 Uranium developer Denison Mines has entered into a participation and funding agreement with Kineepik Métis Local #9 (KML), which expresses a mutual commitment to the co-development of an agreement supporting the advancement of the in-situ recovery (ISR) operation proposed at the Wheeler River... 

Aura announces massive increase in uranium grade at Mauritania project

By: Darren Parker     23rd June 2022 ASX- and Aim-listed Aura Energy has achieved an average 550% increase in uranium grade through pilot scale confirmatory results from simple screening techniques carried out at its Tiris uranium project, in Mauritania. Preliminary bulk leaching tests have also confirmed rapid uranium extraction of... 


Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fission signs Indigenous community agreement

By: Creamer Media Reporter      21st June 2022 Kelowna-based Fission Uranium has entered into an engagement and capacity agreement with the Ya'thi Néné Lands and Resources Office (YNLR), which represents the Athabasca Nations and Communities of the Nuhenéné. Fission’s Patterson Lake South (PLS) project in the Athabasca basin is within the... 

Green hydrogen’s business case significantly strengthened, summit hears 

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.

Global Atomic receives LoI from North America for Dasa uranium

By: Mariaan Webb     17th June 2022 Canada’s Global Atomic has received a letter of intent (LoI) for the procurement of 2.1-million pounds of uranium oxide (U3O8) from the Dasa mine, in Niger, with a revenue potential of $110-million. The LoI was received from a “major North American utility”. 

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.

Court calls for Vimy meeting on Deep Yellow deal

By: Esmarie Iannucci     15th June 2022 The Supreme Court of Western Australia has called on ASX-listed Vimy Resources to call a shareholder meeting to vote on the proposed A$658-million merger agreement with fellow-listed Deep Yellow. The two companies in April announced the merger agreement under which Deep Yellow would acquire all... 

92E raises funds for Canadian uranium hunt

By: Esmarie Iannucci     14th June 2022 Uranium explorer 92 Energy (92E) will raise A$8.7-million in a share placement to fund exploration work at its Gemini project, in Saskatchewan. The ASX-listed company on Tuesday said that it would issue more than 11.15-million new shares, qualifying as flow-through shares under Canadian tax... 

Uranium Energy enters two of Canada's most prospective uranium districts with UEX acquisition

By: Mariaan Webb     13th June 2022 US-focused Uranium Energy Corp (UEC) on Monday announced the acquisition of UEX, providing the company entry into two of Canada’s most prospective uranium districts in Saskatchewan and Nunavut. Under the terms of the agreement, each holder of UEX shares would receive 0.0831 of one UEC share,... 

An image of the Christie Lake project site in Canada
Christie Lake pictured) is a resource stage asset located in the Athabasca basin that hosts 20.4-million pounds of U3O8 of inferred resource.

Transition Metals hoping to find partners for 10 projects at PDAC

By: Creamer Media Reporter      13th June 2022 Multi-commodity project generator Transition Metals is hoping to find business arrangements for ten of its projects at the Prospectors and Developers of Canada (PDAC) conference in Toronto, which starts on Monday. The projects on offer boast gold, nickel, copper, platinum group metals, copper... 

Debt-free UEC says it controls biggest ISR uranium portfolio in US

By: Mariaan Webb     9th June 2022 NYSE-listed Uranium Energy Corp (UEC) has closed a series of transactions with Anfield Energy, which has seen the company emerge as debt-free and positioned as a leading conventional uranium-vanadium developer in the Uravan mineral belt, in the US. Anfield has settled $18.34-million of... 

US seeks $4.3bn for uranium to wean off Russia supply

By: Bloomberg     8th June 2022 The Biden administration is pushing lawmakers to support a $4.3-billion plan to buy enriched uranium directly from domestic producers to wean the US off Russian imports of the nuclear-reactor fuel, according to a person familiar with the matter. Shares of uranium companies surged. Energy... 

An image of the White Mesa uranium facility in Blanding, Utah
The White Mesa uranium facility in Blanding, Utah

Increased efficiency cuts carbon, advances net-zero path, research finds  

By: Martin Creamer     8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) 

Creamer Media screenshot.
Rocsole CEO Mika Tienhaara interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Solidarity calls for action after illegal miners allegedly kill Sibanye-Stillwater employee

By: Tasneem Bulbulia     7th June 2022 Trade union Solidarity has expressed “utter disgust” at what it alleges was the killing of an electrician by illegal miners at Sibanye-Stillwater’s Cooke plant. The union says illegal miners on the night of June 6 shot and killed a worker while he was doing normal repair work to power cables. 

Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres  

By: Martin Creamer     6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... 

Picture supplied.
Kal Tire’s Dan Allan speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kapore raises funds for Niger uranium hunt

By: Esmarie Iannucci     3rd June 2022 Junior Kapore Metals will raise A$3-million to fund exploration and development of its Agadez uranium project, in Niger. The ASX-listed company on Friday announced that it had received firm commitments for the placement of 90.9-million shares, priced at 3.3c a share. More than 83.5-million of the... 

Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba 

By: Martin Creamer     1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... 

Picture supplied by JSE.
JSE head of origination and deals Sam Mokorosi.

Honeymoon development approved

By: Esmarie Iannucci     1st June 2022 The board of ASX- and OTCQX-listed Boss Energy has pulled the trigger on the A$113-million capital spend required for the development of the Honeymoon uranium project, in South Australia. The decision meant that Boss will now accelerate construction, ensuring Honeymoon remains on track for first... 

Uranium investors await price rally to revive Namibia projects

By: Bloomberg     30th May 2022 Namibia’s finance minister said uranium miners are waiting for prices to recover before reviving projects in Africa’s biggest producer of the ore, which is needed for nuclear power in a world shifting away from fossil fuels. The semi-arid southwest African nation is investing in water facilities... 

An image of the Rossing mine in Namibia
The Rossing uranium mine, in Namibia

Aura deploys drill rig to Tiris, Mauritania

By: Darren Parker     27th May 2022 ASX- and Aim-listed Aura Energy has announced that a diamond drill rig has been mobilised from Mauritanian capital city Nouakchott to its 85%-owned Tiris uranium project to begin the 10 000 m infill drilling programme, with results expected in the fourth quarter.   The diamond drilling will... 

South Africa must reform its regulatory environment, make itself investor-friendly – simple  

By: Martin Creamer     26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... 

Picture supplied
Jubilee's Dr Mathews Phosa interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears  

By: Martin Creamer     26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... 

Picture provided.
Hydrogenious LOHC Technologies strategy and implementation head Dr Andreas Lehmann.

Platinum-boosted South African hydrogen electrolyser leaps ahead   

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Ghanaian Vice President Bawumia to speak at this year’s Wampex

By: Darren Parker     24th May 2022 Ghanaian Vice President Dr Mahamudu Bawumia will be speaking at the upcoming West African Mining and Power Exhibition (Wampex) at the Accra International Convention Centre, Ghana, which will take place from June 1 to 3. “Looking towards the future of mining in West Africa and across the... 


Kazatomprom says its inclusion in privatisation list incorrect

By: Creamer Media Reporter      23rd May 2022 Kazakhstan’s national atomic company Kazatomprom on Monday refuted information regarding the privatisation of some of its assets, including its drilling subsidiary and uranium mining asset. The company was commenting on a draft resolution from the Kazakhstan government posted for public... 

Skyharbour secures option to acquire uranium project from Rio Tinto

By: Creamer Media Reporter      23rd May 2022 Canadian explorer Skyharbour Resources has entered into an option agreement with Rio Tinto Exploration Canada (RTEC) to acquire up to 100% of the Russell Lake uranium project, which is situated between the company’s Moore Uranium project and Denison Mines’ Wheeler River project in the Athabasca... 

Unloved since Fukushima, uranium is hot again for miners

By: Reuters     20th May 2022 Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia's invasion of Ukraine. Spot prices for uranium have doubled from lows of $28 per pound last year... 

An image of uranium

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Picture supplied
Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

Bannerman takes a slice of Namibian rare earths

By: Esmarie Iannucci     19th May 2022 ASX, NSX and OTCQB-listed Bannerman Energy has struck a deal to acquire 41.8% shareholding in TSX-V listed critical minerals explorer Namibia Critical Metals Inc (NMI). NMI’s flagship asset is the 95%-owned, advanced and fully permitted Lofdal heavy rare earths project in Namibia, which is the... 

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

Developing countries have opportunity to call for greater access to nuclear energy, technology

By: Schalk Burger     17th May 2022 States that do not have nuclear weapons, which include most developing countries, have an opportunity to demand greater access to nuclear sciences and technologies for peaceful purposes, including for energy, industry and medicine, at the tenth review conference of the Treaty on the... 

The Koeberg nuclear power station
Photo by Creamer Media
The Koeberg nuclear power station

Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 

By: Martin Creamer     11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... 

Creamer Media picture.
Photo by Creamer Media
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.

Cameco and Orano up stake in Cigar Lake uranium mine

By: Mariaan Webb     11th May 2022 Uranium companies Cameco and Orano Canada have announced that they are increasing their interest in the Cigar Lake – the world’s highest-grade uranium mine – by acquiring Idemitsu Canada Resources’ 7.875% participating interest in the joint venture for a combined C$187-million. Upon closing,... 

An image of the Cigar Lake underground mine
Cigar Lake underground mine
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