Australia-listed uranium explorers Deep Yellow and Vimy Resources have announced a US$493 million merger, against a backdrop of growing global demand for nuclear energy and increasing uranium prices. Both companies have agreed to a merger by a scheme of arrangement, under which Deep Yellow will acquire...
The US will continue to import uranium from Russia to power the country’s nuclear plants despite President Joe Biden’s ban on Russian oil and other energy products, sources close to the matter have revealed. Biden called for the embargo yesterday amid Russia’s continuing invasion of Ukraine...
Global uranium production is expected to grow by 3.1% to 512,000 tonnes this year due to the return to operations at Cigar Lake in Canada and other key mines suspended during 2020, according to GlobalData. The UK-based data and analytics company’s latest report sees output growth...
Greenland’s main opposition party has won an election that was uniquely predicated on the potential development of rare earth mineral deposits by international mining companies on the Arctic island. Indigenous party Inuit Ataqatigiit secured 37% of the votes in the general election, serving a blow to...
Brazil will recommence domestic uranium mining later this year after nuclear regulator Cnen issued a licence to the country's only uranium mine, located in the Northeastern state of Bahia. The mine in the city of Caetite has not been in operation since 2014, when one cache...
Kazakhstan’s state-run uranium producer Kazatomprom has confirmed its intention to list global depository receipts (GDRs) on the London Stock Exchange (LSE) in an initial public offering (IPO). The company announced the preliminary plan last week to float up to a 25% stake and said it...
The UK will commit up to £56 million towards research and development into small-scale atomic power plants as part of a wider £200 million injection to the country’s nuclear energy sector. The government and the nuclear industry will unveil the initiative in a ‘sector deal’ that...
China National Nuclear Corporation (CNNC) is in ‘serious talks’ with the Jordan Atomic Energy Comission (JAEC) to build a US$1 billion nuclear reactor in Jordan. JAEC’s chairman Khaled Toukan revealed the news before adding that a formal agreement for the 220MW helium gas-cooled reactor will be...
The Western Australian government has imposed a ban on future uranium mining leases but says it will not stop four projects with existing approvals from previous governments. The ban announced this week by Mines and Petroleum minister Bill Johnston fulfils an election promise to deny future...
The top five TSX-V listed mining juniors doubled their market capitalisation over the year ending 30 June, 2016 to C$546 million, according to a newly released PricewaterhouseCoopers (PwC) study. The Canadian mining industry has seen a recovery this year after a sustained period of significantly depressed...