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| News and Editorials |
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Jul 28 White Canyon (WU,TSXV) Receives Convertible Note Deed Approval With First Tranche Available Immediately
Yahoo.com
Jul 28 The three year uranium bear market. Is it over?
Mineweb.com
Jul 28 Uranium: how to play it and why
Seekingalpha.com
Jul 28 Uranium regains its luster (Vol 2)
Ninemsn.com.au
Jul 27 Uranium One (UUU,TSX) to Host Q2 2010 Results Conference Call
Yahoo.com
Jul 27 Pancon (PUC,TSXV) Announces Core Drilling Underway on Cockroach Dam Prospect, on Charley Creek Project, NT, Australia
Yahoo.com
Jul 27 Macusani Yellowcake (YEL,TSXV) Intersects Higher-Grade Uranium at Colibri 2 and 3 Properties
Yahoo.com
Jul 27 Sector Update: Uranium Producers Extending Run - Cameco (CCO,TSX) , First Uranium 4% Higher on Expected Demand Growth
Nasdaq.com
Jul 27 Uranium regains its lustre
Ninemsn.com.au
Jul 27 Why not uranium now?
Commodityonline.com
Jul 27 Uranium price spike ahead?
Fool.com
Jul 26 Mantra Resources Limited (MRL,TSX) : Drilling continues to confirm continuity of mineralised zone at Nyota Prospect
Yahoo.com
Jul 26 Correction: Fission (FIS,TSXV) Commences Summer Drill Program at J-Zone High Grade Uranium Discovery, Waterbury Lake, Athabasca Basin
Yahoo.com
Jul 26 Is uranium's three-year bear market over?
Telegraph.co.uk
Jul 26 Uranium supply key for top energy user China
Miningweekly.com
Jul 23 Turning uranium into energy
Smithmountainlake.com
Jul 23 Red Book reveals plenty of uranium
Neimagazine.com
Jul 23 Looking for gold in uranium mining
Smithmountainlake.com
Jul 23 Uranium juniors compared: Best of the Boards/Blogs
Stockhouse.com
Jul 22 Mawson (MAW,TSX) outlines summer work programs at the Rompas gold uranium discovery in Finland
Yahoo.com
Jul 22 Khan (KRI,TSX) Mongolia Court Case Postponed
Yahoo.com
Jul 22 Titan Uranium Inc. (TUE,TSXV) Commences Summer Drilling Program on Border Block Project
Yahoo.com
Jul 22 Uranium prices set to rise by 2014, Allan Eggers
Perthnow.com.au
Jul 21 Bannerman (BAN,TSX) Reports New Regional Exploration and Infill Drilling Results
Yahoo.com
Jul 21 Homeland Energy (HEG,TSX) Announces Appointment of New Chief Financial Officer
Yahoo.com
Jul 21 Pinetree Capital (PNP,TSX) Announces Extension of Line of Credit
Yahoo.com
Jul 21 Rising uranium demand still can't outpace supply
Theglobeandmail.com
Jul 21 Uranium prices have 'limited upside' with market in surplus
Jul 21 How the next major uranium discovery will be found
Businessinsider.com
Jul 21 Uranium industry set to take off
Yahoo.com
Jul 21 Uranium resources for at least a century
World-nuclear-news.org
Jul 21 A glowing review for uranium plays
Seekingalpha.com
Jul 20 Rare Earth Metals (RA,TSXV) Completes Letitia Lake/Red Wine Airborne Survey
Yahoo.com
Jul 20 Tournigan (TVC,TSXV) Mobilizes Zone 45 Drill Program
Yahoo.com
Jul 20 Uranium output up in second quarter
Namibian.com.na
Jul 20 Uranium spot price rises slightly, but gain may be temporary
Platts.com
Jul 20 Enough uranium for 100 years
Straitstimes.com
Jul 19 Khan (KRI,TSX) Wins Mongolian Court Case
Yahoo.com
Jul 19 Macusani Yellowcake (YEL,TSXV) Intersects More High-Grade Uranium Over Long Intervals at Corachapi Property, Peru
Yahoo.com
Jul 19 Paladin Energy Ltd. (PDN,TSX) : Quarterly Activities Report For Period Ending-30 June 2010
Yahoo.com
Jul 19 RCR reports equity research report on global uranium companies
Marketwire.com
Jul 19 Uranium demand revival and relief for investors
Commodityonline.com
Jul 16 Polo Resources Limited (POL,TSX) : Notice of General Meeting
Yahoo.com
Jul 16 Uranium sector rallies as access to supply in focus
Financialpost.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 :
Jul 28, 2010 - Uranium price surges on anticipated demand -
TradeTech reports the week ending Friday indicated spot price uranium escalating almost 5 percent to $43.50 per pound. The catalyst for the overall optimistic mood is the fact that some suppliers have experienced labor concerns and equipment failures, increasing overall expectations that present supply projections for the years ahead will fall short while Asian utilities plan to step up their buying activity. This week's appreciation marks the single largest rise in spot prices since October 2009, when the price increased from $47.50 to $50.00 per pound. The overall market indications seem bullish with new buyers emerging over the past several weeks and the number of registered spot market deals climbed to seven transactions last week, good for over 800,000 pounds of uranium changing ownership. Many analysts have been forecasting price projections of $50 to $55 per pound for next year, so the potential for future price increases remains ahead. China is likely to double its uranium purchases to around 5,000
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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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