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| News and Editorials |
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 Feb 08 Xemplar (XE,TSXV) Intersects U3O8 Mineralization Over 52 Metres at Big Yellow
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Feb 08 Hathor (HAT,TSXV) and Forum (FDC,TSXV) Commence Drilling at the Henday Project, Athabasca Basin
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Feb 08 Pinetree Capital Ltd. (PNP,TSX) Acquires Securities of Stans Energy Corp.
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Feb 08 Ucore Uranium (UCU,TSXV) Announces Results Up to 10.04% Treo From Its Lost Pond Joint Venture in Western Newfoundland
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Feb 08 Titan Uranium Inc. (TUE,TSXV) Begins 2010 Winter Drilling Program on Border Block Project
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Feb 08 Will we run out of uranium?
Theenergycollective.com
Feb 08 Price in world market of uranium decreased
engnews.gazeta.kz
Feb 05 Kirrin Resources (KYM,TSXV) Provides Update on Exploration at Boxey Point; Announces Exercise of Options and Option Grant at $0.14 Per Share
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Feb 05 Logan Resources Ltd. (LGR,TSX) : Private placement closed
Newswire.ca
Feb 05 Liberty Analytics Co. Initiates Independent Research Coverage on Denison Mines Corp. (DML,TSX)
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Feb 05 East Asia (EAS,TSXV) Receives Indonesia Government Approved IUP "Mining Licences", Confirms Tenure of Barisan 1 and Takengon Under New Mining Law
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Feb 04 Forsys Metals Corp (FSY,TSX) Reports Results of Snowden's Update to June 2009 Valencia Project Technical Report
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Feb 04 Nuinsco (NWI,TSX) Receives Further Positive Test Results From Prairie Lake Project
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Feb 04 Delta Uranium (DUR,TSX) Confirms Additional Alteration Systems and Mineralogy at Wheeler River
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Feb 04 Ucore Uranium Inc. (UCU,TSXV) Annouces Investor Relations Appointment
Marketwire.com
Feb 03 Kirrin Resources (KYM,TSXV) Announces $200,000 Private Placement
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Feb 03 Pinetree Capital Ltd. (PNP,TSXV) Acquires Securities of Probe Mines Ltd.
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Feb 03 Virginia Energy (VAE,TSXV) to Increase Equity in Coles Hill Uranium Deposit
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Feb 03 Crosshair (CXX,TSX) Commences Drilling at Golden Promise
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Feb 03 China's CNNC plans to acquire Mongolian uranium resources for $53 million
Domain-b.com
Feb 02 First Uranium (FIU,TSX) Update on Environmental Authorization
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Feb 02 North American Gem Inc. (NAG,TSXV) Acquires Additional Blue Gem Coal Lease in Knox County, Kentucky
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Feb 02 Uranium North (UNR,TSXV) Identifies Gold Potential on KAM Property
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Feb 02 An un-happy New Year for uranium
Fnarena.com
Feb 02 Uranium to trade in $40/lb to $60/lb range for two years - analyst
Miningweekly.com
Feb 01 Forum (FDC,TSXV) Begins Drilling on the Costco Zone, Key Lake Road Project, Athabasca Basin
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Feb 01 Uranium One (UUU,TSX) Announces 400% Increase in Kazakh Reserves to 47.8 Million Pounds and a 12% Increase in Indicated Resources at Karatau to 16.3 Million Pounds
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Feb 01 Khan (KRI,TSX) Announces Take Over Bid From CNNC at C$0.96 Per Common Share
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Feb 01 Uranium North (UNR,TSXV) Identifies Gold Potential on KAM Property
Yahoo.com
Feb 01 Uracan Resources (URC,TSXV) reports financial & strategic analysis review
Officialwire.com
Feb 01 Spotlight on uranium
Perthnow.com.au
Jan 29 Strateco Resources Inc. (RSC,TSX) : Matoush - Start of a Major Drilling Program
Yahoo.com
Jan 29 Triex Minerals Corporation (TME,TSXV) : Financial And Strategic Analysis Review - New Report Published
Officialwire.com
Jan 29 CanAlaska Uranium (CVV,TSXV) and Kodiak start drilling at McTavish uranium project
Yahoo.com
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| Uranium Stock Comparables |
| Company | Symbol | Status |
| Cameco | CCO | In Production |
| Dension | DML | In Production |
| UrAsia | UUU | In Production |
| Paladin | PDN | In Production |
| Energy Metals | EMC | Q4/07 |
| Ur-Energy | URE | 2008 |
| Forsys | FSY | N/A |
| Toumigan | TVC | N/A |
| Aurora | AXU | 2012 |
| Khan | KRI | N/A |
| UEX Corp. | UEX | N/A |
| Source : Griffiths McBurney |
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| Feature Presentation |
The Athabasca Basin in Northern Saskatchewan hosts the world's largest and highest grade uranium deposits accounting for 1/3 of the global uranium supply, a figure which is expected to increase significantly by the end of the decade. The Basin has witnessed a rush in claim staking activity since 2004 due to the rise in the price of uranium to about US$40/lb (March 13, 2006). At present, there are more than 30 companies exploring for uranium in the Basin.
Full coverage of the Athabasca Basin
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| Uranium Market Commentary |
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U3O8.biz :
Feb 03, 2010 - China : Khan Resources' white knight -
Today, nuclear power generates around 15 per cent of global electricity production; however, that percentage is likely to increase significantly over the next few decades as more and more nations turn to nuclear power to meet their energy demands.
According to the World Nuclear Association (WNA), the number of worldwide nuclear reactors will probably double by 2030. Currently, there are 435 plants operating around the world with 295 either under construction or in the initial approval stage and another 327 proposed.
The march toward nuclear power is expected to dramatically increase the demand for uranium over the long-term. Last year, a WNA report warned that nuclear power plants are facing future fuel supply constraints as the Megatons to Megawatts program comes to an end and enrichment facility construction lags.
While TradeTech sees uranium prices bouncing around between $40 and $60
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| Facts (Source: Uranium Information Centre Ltd) |
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Over half of the world's production of uranium from mines is in Canada and Australia.
Canada produces the largest share of uranium from mines (29% of world supply from mines), followed by Australia (21%).
Canada has two relatively new mines which have come into production:
Cogema's McClean Lake mine started up in 1999 and is producing almost 3000 t/yr U3O8 (2550 tU). Cameco's McArthur River deposit has enormous
high-grade reserves and has started supplying ore from its underground mine to the Key Lake mill, to produce about 8200 t/yr U3O8 (7000 tU).
Two more are ready to develop:
Cameco's Cigar Lake underground mine will truck ore for treatment at McClean Lake and Rabbit Lake mills, 80 km away, to produce 8200 t/yr U3O8 (7000 tU).
Cogema's Midwest mine will be underground, and this ore also is likely to be milled at McClean Lake nearby, to produce 2600 t/yr U3O8 (2200 tU).
Thus by about 2006, Canadian output could be substantially be concentrated at two mills: McClean Lake producing over 9000 tU and Key Lake 7000 tU per year,
with about 2500 t/yr coming from Rabbit Lake. All this will be over half of projected world mine production. (See also UIC Briefing paper #3 on Canada.)
In Australia Beverley, a 1000 tU/yr ISL mine in South Australia, started up late in 2000. Two further mines are under development. A similar-sized ISL mine under
development is Honeymoon. These are similar to those providing most US uranium. Jabiluka, NT, is to be a conventional underground mine, though its production
will be phased in to match the decline of Ranger.
With the ISL mines plus Ranger and the expanded Olympic Dam, Australian uranium production is likely to reach some 9000 tonnes U per year. This will be almost
a quarter of projected world mine production. (See also UIC Briefing paper #1 on Australia)
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| Primary Supply by Mine |
| Mine | Country | Main Owner |
Mine Type | Production
(mm lbs) | %
World |
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| McArthur River | Canada | Cameco |
Underground | 18.7 | 18% |
| Ranger | Australia | Rio Tinto |
Open Pit | 11.3 | 11% |
| Olympic Dam | Australia | WMC Resources |
By-Product | 9.6 | 9% |
| Rossing | Namibia | Rio Tinto |
Open Pit | 7.9 | 8% |
| McClean Lake | Canada | Cogema |
Open Pit | 6.0 | 6% |
| Rabbit Lake | Canada | Cameco |
Underground | 5.4 | 5% |
| Akouta | Niger | Cogema |
Underground | 5.2 | 5% |
| Arlit | Niger | Cogema |
Open Pit | 3.3 | 3% |
| Beverly | Australia | Heathgate Resources |
Insitu Leach | 2.4 | 2% |
| Vaal River | South Africa | Anglogold Ashanti |
By-Product | 2.0 | 2% |
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| Sub-Total | | |
| 71.9 | 69% |
| World Total | | |
| 104.7 | |
| Source : World Nuclear Association, GMP
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