Uranium One Inc. (”Uranium One”) is pleased to announce that it has submitted an application to the Nuclear Regulatory Commission (”NRC”) in the United States to construct and operate an in situ uranium recovery facility at the Moore Ranch Project located in Campbell County, Wyoming. This is the first application for a new uranium recovery […]

Cameco Corp., the world’s biggest uranium mining company, signed an agreement with Australian explorer U3O8 Ltd. for a joint venture as it seeks to start producing the radioactive metal in the country.
The venture will cover 100 percent-owned licenses held by both companies in the Ashburton region of Western Australia, Perth-based U3O8 said today in a […]

Canadian industrial stocks may advance, led by Bombardier Inc., after the biggest train maker got an order from the Dutch railway service, and an English regulator said that its Metronet rail venture should be reimbursed as much as 1.1 billion pounds ($2.2 billion).
Uranium miners and explorers may advance after RBC Dominion Securities Inc. raised its […]

North American markets finished the session ahead, but couldn’t hold onto all of the gains set earlier in the day, as Toronto lost some of its footing on lower energy prices and the Dow Jones dropped below its new record, set above the 14,000-point mark.
Toronto’s S&P/TSX composite index rose 43.76 points to 14,382.01, after the […]

Uravan Minerals Inc. (”Uravan”) and Cameco Corporation (”Cameco”) commenced a 5000 meter widely-spaced reconnaissance diamond drill program on the Boomerang Uranium Project, Southwest Thelon Basin, NT. Commensurate with drilling operations a 1000 square kilometer geological and structural mapping program and a 2500 square kilometer surface geochemical sampling program have also begun.
Prior to drilling operations, drill […]

Katanga Mining Ltd said on Monday it has formed an independent committee of board members to review “all strategic alternatives” as it faces the possibility of a takeover offer from Central African Mining & Exploration Co (CAMEC).
Last week, CAMEC raised its proposal for an all-stock bid for Katanga to £943 million (US$1.9 billion).
The unsolicited proposal […]

Katanga Mining Limited (TSX: KAT) (”Katanga” or the “Company”) acknowledges today’s announcement by Central African Mining and Exploration Company plc (”CAMEC”) of its intention to make a revised all share offer, but notes that a formal offer has not yet been made. The Board will evaluate a formal offer from CAMEC, if and when […]

Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months […]

Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of […]

Canadian companies are fading from the world’s mining stage, a study says, with the number listed in the globe’s top 40 miners shrinking to six last year from 12 in 2003.
Canada has also been surpassed by Britain as the prime market for mining capital, according to an annual review released yesterday by advisory firm PricewaterhouseCoopers.
“Consolidation […]