Universal Coal plc (ASX:UNV) announced yesterday that it has entered into an agreement to acquire all the assets "and assume certain liabilities" of the South Africa-based New Clydesdale Colliery from Exxaro Resources Ltd. (OTCMKTS:EXXAY).
Energy Company News Directory
Forum Uranium (TSXV:FDC) was featured in an article in The Northern Miner entitled, “Forum Uranium Hopes 2014 Will Be A Breakout Year”.
MicroCoal Technologies Inc. (CNSX:MTI) extended the expiry date of 6,395,766 outstanding share purchase warrants from February 13, 2014 to May 13, 2014. The Company also extended the expiry date of 297,909 agent's warrants from February 13, 2014 to May 13, 2014.
Following a mid-December closure for maintenance, French nuclear group Areva has restarted production at its two uranium mines in Niger.
Petrichor Energy Inc. (TSXV:PTP, FWB:YQN) has completed the casing, and installation of production equipment at Hinson #1 well.
BRS Resources Ltd. (TSXV:BRS) reported in December 2013 that Po Valley Energy Ltd. completed rig-less well testing of its newly drilled Gradizza-1 discovery well. PVE and its farm-in partners, including AleAnna Resources, LLC, have agreed to apply for a Production Concession and plan to file the Production Concession Application in early February 2014. BRS holds an interest in the Gradizza Well through its ownership in AleAnna.
The Globe and Mail reported that uranium top producer, Cameco (TSX:CCO) is selling its stake in Bruce Power to Borealis Infrastructire, a division of the Ontario Municipal Employee Retirement System (OMERS) for $450-million.
Alpha Exploration Inc. (TSXV:AEX) commenced the VTEM and magnetic survey at Carpenter Lake in the Athabasca Basin, Saskatchewan, to cover an approximate 19 km strike length of the Cable Bay Shear Zone.
Zadar Ventures Ltd. (TSXV:ZAD) re-negotiated the terms of its private placement with Global Resources Investments Ltd and has agreed to raise $1,248,000 through the sale of 4,160,000 common shares, at a price of $0.30 per share.
Mega Uranium Ltd. (TSX:MGA) entered into a non-binding farm-in and joint venture terms sheet with Cameco Australia Pty Ltd, a wholly owned subsidiary of Cameco Corporation (TSX:CCO,NYSE:CCJ)