Energy Fuels Inc. (NYSEMKT:UUUU,TSX:EFR) has revised its previous guidance and now expects to continue mining at its wholly owned Pinenut Mine through 2014 and into the Q1 of 2015. Energy Fuels previously stated that it expected to place production at the Pinenut Mine on standby by mid-2014, with all ore produced from the mine through mid-2014 being milled at its White Mesa Mill this year.
Articles Tagged "Uranium Company News"
The Board of Directors of NexGen Energy Ltd. (TSXV:NXE) has adopted a shareholder rights plan effective April 22, 2014. The Shareholder Rights Plan is set to ensure that shareholders of the Company and the Board have adequate time to consider and evaluate any unsolicited bid for the common shares of the Company.
Aldrin Resource Corp. (TSXV:ALN) announced that the initial four (4) drill holes on its Triple M Property in northern Saskatchewan intersected alteration, structures, and breccias zones within a metasedimentary rock succession including elevated radioactivity counts in a graphitic fault zone.
Uranium Energy Corp. (NYSEMKT:UEC) announced results of a Preliminary Economic Assessment for the Slick Rock Project in Colorado showing a pre-tax Internal Rate of Return of 33% and a post-tax IRR of 29%, a pre-tax Net Present Value, at a discount rate of 10%, of $43.8 million and a post-tax NPV of $31.9 million based on a uranium spot price of $60 per pound and a vanadium spot price of $10 per pound.
Azincourt Uranium Inc. (TSXV:AAZ) has signed a non-binding letter of intent with Macusani Yellowcake Inc. (TSXV:YEL,FWB:QG1) which contemplates the acquisition by Macusani of all of Azincourt's adjacent uranium properties on the Macusani Plateau in Peru in exchange for 68,350,000 common shares of Macusani.
Forum Uranium Corp.'s (TSX VENTURE:FDC) winter drill program on its 100% owned Clearwater Property has successfully identified five major structural trends with reactivated graphitic shear zones, alteration, and areas of localized radioactivity. These positive results warrant leaving the camp and drill on site to expedite the planning of a follow-up summer program with minimal start-up costs.
Fission 3.0 Corp. (TSXV:FUU) and its Joint Venture partner, Brades Resource, (TSXV:BRA) announced the results of two surveys at the Clearwater West property in Saskatchewan's Athabasca Basin. Both a high resolution magnetic survey and Fission 3's patent-pending radiometric airborne survey were conducted on the site.
Uranium Energy Corp (NYSEMKT:UEC) has filed a mine permit application and aquifer exemption application for its Burke Hollow ISR Project in Bee County Texas. It filed the applications on April 11 of this year with the Texas Commission on Environmental Quality. To date, Uranium Energy has explored 40 percent of the Burke Hollow Property.
Alpha Exploration Inc. (TSXV:AEX) announced that it has completed a radon in lake water and sediment survey at Carpenter Lake, Athabasca Basin, Saskatchewan. The survey comprises part of Alpha’s option agreement to earn a 60 percent interest in the Carpenter Lake Property from Noka Resources Inc. (TSXV:NX), and was conducted by RadonEx Exploration Management of St. Lazare, Quebec. It used 895 sample locations over a 16 km strike length of the Cable Bay Shear Zone of the property.
Lakeland Resources Inc. (TSXV:LK,FWB:6LL) has acquired via staking five uranium properties totaling 52,255 hectares in Saskatchewan's Athabasca Basin. Lakeland will refer to the new properties as Lazy Edward Bay, Karen Lake, Black Lake, Hidden Bay and Fedun Lake.