Mining Weekly reported that Uranium One announced that the closing date of the C$1.32-billion offer by Russia’s Atomredmetzoloto (ARMZ) to privatize is scheduled for October 18. The company has secured all the required regulatory approvals.
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Alpha Minerals Inc. (TSXV:AMW) and its 50-50 Joint Venture partner, Fission Uranium Corp, released results for an additional eight holes drilled on the R390E zone on the Patterson Lake South (PLS) property in the Athabasca Basin. Highlights include holes PLS13-095 and PLS13-102 with 61.5m (within 61.5m to 158.5m depth interval) and 59.0m (within 93.0m to 186m depth interval) total composite mineralization respectively, including narrow intervals of “off-scale” radioactivity. The R390E zone has more than quadrupled in length since the winter 2013 program.
Uranium Energy Corp (NYSE:UEC) announced several appointments and a change to the Board of Directors. Harry Anthony, previously Chief Operating Officer and a director, is now Senior Advisor to the Company. Robert Underdown, previously Vice President of Production, was appointed Vice President of Production and Operations. Andy Kurrus, previously Chief Geologist and Texas Exploration Manager, has been appointed Vice President of Resource Development. Ronald Dildine was appointed as Regulatory Coordinator.
Zadar Ventures Ltd. (TSXV:ZAD,FWB:ZAV) purchased a 100% interest in the Pasfield Lake uranium project. The Company has executed a definitive Purchase and Sales agreement with Canterra Minerals Corporation, Triex Minerals Corp., a wholly owned subsidiary of Canterra, and Thelon Capital Ltd.
CTV News reported that Statoil Canada Exploration has made a new major oil discovery off the coast of Newfoundland. Though production is no expected until after 2020, Statoil and Calgary-based Husky Energy have identified a reservoire of light crude that could hold between 300 million and 600 million barrels of recoverable oil.
CanAlaska Uranium Ltd. (TSX:CVV) announced that it has entered into an option agreement with NEX-listed MPVC Inc. to gain interest in the NW Manitoba Uranium project. The project is located on the Saskatchewan/Manitoba border and is comprised of three licenses over roughly 143,603 hectares.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) signed a non-binding Memorandum of Understanding (MoU) with a Multinational Gas Company (MGC) to conduct a technical and market study of a CBM-to-LNG facility, with a potential capacity of up to 50 MMcf/d in South Kalimantan, Indonesia.
Mkango Resources Ltd. (TSXV:MKA) has been granted a two-year renewal of its Exclusive Prospecting License from the Government of Malawi for the Thambani project in southeast Malawi. Mkango has undertaken an extensive regional work program within the 486 square kilometre ("km2") Thambani License, primarily focused on anomalous uranium targets across the Thambani Massif, which dominates the northeastern part of the license.
Cyclone Uranium Corporation (OTCQB: CYUR) ahas completed its technical report entitled: "Cyclone Uranium Project Technical Report - Exploration Target". The report, dated September 16, 2013 is based on work conducted by Cyclone Uranium coupled with the compilation of historic exploration work by Tournigan USA and Kerr McGee Corporation.