Peninsula Energy: Ready to Start Production in Q3 2015

Peninsula Energy: Ready to Start Production in Q3 2015

Peninsula's Lance projects, which are fully funded and in the final stages of construction, are situated in Wyoming and are set to begin production in the third quarter of this year. Resource Investing News spoke with Executive Chairman Gus Simpson to find out how the company got to that point and what's next.

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Videos

Rob Chang on the Uranium Market for 2015

At the 2015 PDAC conference in Toronto, Resource Investing News spoke with Rob Chang, senior analyst and head of metals and mining for Canada at Cantor Fitzgerald, about what's in store for the uranium market in 2015.

Ross McElroy on Fission’s Latest Drill Results

This week, Fission Uranium released the latest step-out drill results from its Triple R deposit, reporting off-scale radiation on-land 555 meters west of the Triple R deposit. The company was on the show floor at the 2015 PDAC International Convention, Trade Show & Investors Exchange, so Resource Investing News caught up with Fission president and COO, Ross McElroy to talk about the results.

Company News

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Company Videos

Pure Energy Minerals CEO Robert Mintak Provides an Update on the Clayton Valley Lithium Brine Project

Pure Energy Minerals (TSXV:PE) CEO Robert Mintak spoke about the Clayton Valley Lithium Brine Project, located in Esmeralda County, Nevada - halfway between Las Vegas and Reno. According to Mr. Mintak, "In 2014, Pure Energy was able to successfully raise close to $4 million, which allowed us to begin exploration work on the project. Early drill results have shown promising lithium concentrations ranging from 230 to 400 parts per million. Additionally in 2014, Pure Energy was able to add additional management roles to the company including a new COO, Dr. Andy Robinson, PhD, Geoscientist with a history in water project development; and Alexi Zawadzki as VP of Business Development. Additionally, we added Prof. LeeAnn Munk, a world-ranking geoscientist on lithium brine resources."

Cobre Montana’s Adrian Griffin Talks Lithium in the Czech Republic

Cobre Montana (ASX:CXB) Managing Director Adrian Griffin is anticipating a Scoping Study for the Cinovec project in the Czech Republic, "within the next couple of months." He also said, "if you go back only 2 months, that project was considered a tin project; by applying the appropriate technology, we found that there is probably twice as much lithium value in that project as there is tin." Cobre Montana applied their licensed processing technology to extract lithium from the micas and achieved float recoveries of 98% and leach extraction of 99.5% lithium at Cinovec.

Toro Energy Managing Director Dr. Vanessa Guthrie Says Be Patient and Persistent in Tough Times

Toro Energy Ltd. (ASX:TOE) Managing Director Dr. Vanessa Guthrie says what makes Toro Energy stand out from any other uranium company in its class is that, "we are the only project approved, ready to go, and the most advanced in terms of engineering and resource studies in Australia. [And] all we are now waiting for is the time to come back... the market to come back, with the uranium price, which will actually put Wiluna into production." In the last 12 months, major funds have invested in Toro Energy: $5 million from RealFin Capital Partners, and a $20 million investment from The Sentient Group.

Market News

Oil Price Gains Give ASX and NASDAQ a Boost

The Sydney Morning Herald reported that the hike in oil price on Friday,which is the highest price so far in 2015, caused SPI futures to jump up 31 points and NASDAQ to climb to to its highest level in 15 years.

Hunter Valley Storm Forces Closure of Coal Mines

Australian Mining reported that coal mines in the Hunter Valley are slowly returning to production after being forced to shut due to severe storms earlier this week.

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