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Consolidated Uranium Inc has agreed to buy Virginia Energy Resources, which owns Coles Hill - the largest undeveloped uranium project in the USA - in a transaction worth around USD32.2 million. The company is hopeful Virginia's 40-year moratorium on uranium mining may be overcome.
- Source: World Nuclear News
- Date: Saturday, 19 November 2022
- Original article: world-nuclear-news.org/Articles/Consolidated-Uranium-buys-Virginia-uranium-project
The first uranium ore from the McArthur River mine has now been milled and packaged at the Key Lake mill, marking the achievement of initial production as the facilities transition back into normal operations.
- Source: World Nuclear News
- Date: Friday, 11 November 2022
- Original article: world-nuclear-news.org/Articles/First-production-from-restarted-Canadian-operation
The recovery of uranium-bearing solution during the ongoing Phoenix in-situ leach (ISL) feasibility field test (FFT) is a historic moment for uranium mining in Canada, according to Denison Mines Corp.
- Source: World Nuclear News
- Date: Wednesday, 19 October 2022
- Original article: world-nuclear-news.org/Articles/History-in-the-making-for-Canadian-uranium-mining
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Source: NEI Magazine
- Date: Friday, 14 October 2022
- Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610
Denison Mines Corp is now fully permitted to recover a uranium-bearing solution from the Phoenix ore body at the Wheeler River project in northern Saskatchewan. The feasibility field test (FFT) will be a first-of-its-kind test and will help de-risk the planned in-situ leach (ISL) uranium mining operation.
- Source: World Nuclear News
- Date: Thursday, 11 August 2022
- Original article: world-nuclear-news.org/Articles/Final-permits-in-place-for-Phoenix-ISL-field-test
Denison Mines has received approval from the Saskatchewan Minister of Environment to prepare, construct and operate the facilities required to carry out the in-situ leach (ISL) feasibility field test planned for the Phoenix deposit at the Wheeler River uranium project.
- Source: World Nuclear News
- Date: Thursday, 14 July 2022
- Original article: world-nuclear-news.org/Articles/Approval-for-Denison-s-ISL-testing-of-Phoenix-depo
Texas-based Uranium Energy Corp (UEC) has agreed to acquire Canadian company UEX Corporation to create a combined, diversified portfolio of uranium production and development assets.
- Source: World Nuclear News
- Date: Wednesday, 15 June 2022
- Original article: world-nuclear-news.org/Articles/UEC-to-double-resources-through-UEX-acquisition
Following the agreement, Cameco’s interest in the Cigar Lake Joint Venture company, which owns Cigar Lake, will increase by just over 4.5 percentage points to around 54.5%. Orano’s stake will increase by 3.3 percentage points to just over 40%. The remaining shareholder, Japan’s Tepco Resources, a Canada-based subsidiary of Tokyo Electric Power Company, will retain its 5% interest.
Cameco will pay approximately CAD107m ($82m, €78m) to acquire the stake in Cigar Lake from Idemitsu. This may be adjusted at the closing of the transaction, which is expected in the second quarter of 2022.
- Source: Nucnet
- Date: Thursday, 12 May 2022
- Original article: nucnet.org/news/cameco-and-orano-increase-ownership-in-cigar-lake-uranium-mine-5-3-2022
Cameco and Orano announced they have reached agreement with Idemitsu Canada Resources Ltd to acquire Idemitsu's 7.875% stake in the Cigar Lake Joint Venture, owner of the Cigar Lake uranium mine in northern Saskatchewan, Canada.
- Source: World Nuclear News
- Date: Thursday, 12 May 2022
- Original article: world-nuclear-news.org/Articles/Idemitsu-exits-Cigar-Lake-joint-venture
The global uranium market has not yet been impacted by recent geopolitical events, speakers from uranium suppliers said during a session of the World Nuclear Fuel Conference 2022 in London. However, they agreed that the longer-term future is uncertain but the industry can bring capacity online to avoid any shortages.
- Source: World Nuclear News
- Date: Thursday, 28 April 2022
- Original article: world-nuclear-news.org/Articles/Uranium-miners-ready-to-meet-market-needs,-WNFC-he