Canada has been a hot topic for uranium market players due to the high-grade discoveries in the Athabasca Basin. But the buzz around Canadian uranium deposits should not take precedence over the bigger picture price catalysts at play in the United States.
Articles Tagged "TSX:UUU"
The Billings Gazette announced that Uranium One (TSX:UUU) plans to lay off 26 workers at its Willow Creek Mine will be laid off at the end of June, as they are ceasing to drill new wells because of low uranium prices
Uranium One Inc (TSX:UUU) announced that they have closed an agreement in which they will be taken private, which is expected to occur during the third quarter of 2013.
This week, the Virginia General Assembly will to take up proposed legislation to end the state's 31-year moratorium on uranium mining permits in what is expected to be a tight vote.
Uranium One Inc. (TSX:UUU) announced that it has agreed to sell itself to JSC Atomredmetzoloto (ARMZ) and Effective Energy NV, its affiliate, for C$2.86 per share, which amounts to a total of C$1.3 billion. ARMZ already owns 51.4 percent of Uranium One's common shares.
In this post-Fukushima world, uranium investors need to remember a key fact about the U3O8 spot price: utilities are not responsible for the recent noteworthy decline to just over $40 per pound — the lowest weekly level since March 2010, a full year before Fukushima.
Financial Post reported JPMorgan downgraded Cameco Corp. (TSX:CCO,NYSE:CCJ) and Uranium One Inc. (TSX:UUU) to neutral from overweight on the expectation that uranium prices will remain under $50 a pound.
Mining Weekly reported Uranium One's (TSX:UUU) says it unit in Tanzania will begin building its Mkuju River uranium mine.
Forbes reported Uranium One Inc (TSX:UUU) stocks crossed above their 200 day moving average of $2.61, changing hands as high as $2.62 per share.
Bloomberg reported the Emirates Nuclear Energy Corp. in theUnited Arab Emirates has awarded uranium supply contracts worth about $3 billion.