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Analysis of Uranium supply to 2050
Nuclear and Uranium Glossary

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News and Editorials
Apr 29 Cameco (CCo,TSX) Reports First Quarter Financial Results News
Apr 29 Western Uranium Corporation (WUC,CNSX) Announces the Initial Closing of Non-Brokered Private Placement of Up to Cdn$500,000 With 50% Overallotment News
Apr 28 UEX (UEX,TSX) Announces $4.0 Million "Flow-Through" Private Placement News
Apr 28 Bannerman Resources Limited (BAN,TSX) : Quarterly Activities Report for the Period Ended 31 March 2016 News
Apr 28 QCO: Precious metals cont. higher; uranium near-term weak but long-term violent News
Apr 27 Bannerman Resources Limited (BAN,TSX) : Intention to Voluntarily De-List from TSX News
Apr 27 Global uranium and thorium market review News
Apr 27 Uranium week: production cuts News
Apr 26 Appia (API,CSE) Acquires Prospective Mineral Claims in NW Saskatchewan News
Apr 26 Plateau Uranium (PLU,TSXV) Commences Environmental Baseline Permitting Work Following Positive Government Meetings News
Apr 26 Resource sector digest: is the optimism on the gold market warranted? News
Apr 25 Ur-Energy (URE,TSX) to Release 2016 First Quarter Results and Host Webcast and Teleconference News
Apr 25 Comstock (CSL,TSXV) Announces Dr. David A. Terry as President and CEO News
Apr 21 Cameco (CCO,TSX) Announces Operational Changes in Saskatchewan and the United States News
Apr 21 Laramide Resources (LAM,TSX) Announces Positive Results from the Updated PEA on the Westmoreland Uranium Project, Australia News
Apr 21 Purepoint Uranium (PTU,TSXV) Hits 1.3 Metres of 53.5% U3O8 Within 10.0 Metres of 10.3% U3O8 With Last Hole of Winter 2016 Drilling at the Spitfire Zone News
Apr 21 Denison (DML,TSX) Reports Highlights From Winter Drilling on Eastern Athabasca Basin Exploration Pipeline Projects News
Apr 21 Uranium market is getting crushed News
Apr 21 New evidence of challenge for nuclear power industry News
Apr 20 Nuclear - will China become the region's powerhouse? News
Apr 18 NexGen (NXE,TSXV) Drills 37.4 m of Off-Scale Expanding the High Grade Domain and Discovers Anomalous Radioactivity 1.3 km Northeast of Arrow News
Apr 18 Brazil Resources (BRI,TSXV) announces NI 43-101 gold resource for the Island Mountain deposit within the Whistler Project, Alaska News
Apr 18 Paladin Energy Limited (PDN,TSX) : Quarterly Activities Report for the Period Ending 31 March 2016 News
Apr 18 Denison (DML,TSX) Announces Expansion of Gryphon Mineralization as Winter Exploration Drilling Wraps Up at Wheeler River News
Apr 18 Fission Exploration (FCU,TSX) Holes Hit Wide, High Grade Mineralization 2.34km Apart News
Apr 18 5 top TSX stocks: Mega Uranium also saw share price increases last week News
Apr 18 QCU:Ratings & target price rev. based on updated commodity price forecasts News
Apr 15 Energy Fuels (EFR,TSX) Announces the Appointment of Mark Chalmers as Chief Operating Officer News
Apr 15 Purepoint Uranium Group Inc. (PTU,TSXV) Closes First Tranche of Private Placement News
Apr 14 NexGen (NXE,TSXV) Discovers New High Grade Zone in the A1 Shear with 8.35 m of Off-Scale Mineralization News
Apr 14 Appia (API,CSE) Appoints Director of Saskatchewan Operations News
Apr 13 Azarga's (AZZ,TSX) Largest Shareholder Enters Into Debt Settlement Agreement News
Apr 13 UEX (UEX,TSX) Intersects 4.27% eU3O8 Over 10.2 m at Christie Lake News
Apr 13 Though there is potential for nuclear power in Alberta News

Top 15 Producing Uranium Mines (2014)
Name Country tU
McArthur RiverCanada7356
Tortkuduk & MyunkumKazakhstan4322
Olympic DamAustralia3351
Budenovskoye 2Kazakhstan2084
South InkaiKazakhstan2002
Langer HeinrichNamibia1947
Central MynkudukKazakhstan1790
Rabbit LakeCanada1602
Budenovskoye 1,3&4Kazakhstan1594
Southern Moinkum & KhanzhuganKazakhstan1174
Source: World Nuclear Association

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

Uranium Sector Reports
by Resource Captial Research

Uranium Market Commentary : Apr 28, 2016 - 10 Uranium Stocks to Watch -
Expectations that major utilities would pick up their uranium buying to cover their upcoming uncovered requirements in the first quarter of 2016 gave the market the impression that uranium spot prices would be behaving differently than they did. In reality, uranium prices so far this year have failed to impress. Uranium spot prices have fallen from January highs of $34.50 per pound of U3O8 to lingering at $27.50 per pound of U3O8.
Cantor Fitzgerald's estimated Q1 uranium prices of $38 per pound missed the mark. Instead of continuing to gain after the start of the year, uranium spot prices dropped, averaging $32.77 in Q1. Ever the optimists, the firm maintains that uranium prices are in for a violent move upwards, particularly as additional disruptions to supply continue to increase the anticipated deficit. ...
Facts (Source: World Nuclear Association)
Uranium is a naturally-occurring element in the Earth's crust. Traces of it occur almost everywhere, although mining takes place in locations where it is naturally concentrated. To make nuclear fuel from the uranium ore requires first for the uranium to be extracted from the rock in which it is found, then enriched in the uranium-235 isotope, before being made into pellets that are loaded into the nuclear fuel assembly.
Uranium mines operate in some twenty countries, though about half of world production comes from just ten mines in six countries, in Canada, Australia, Niger, Kazakhstan, Russia and Namibia.
At conventional mines, the ore goes through a mill where it is first crushed. It is then ground in water to produce a slurry of fine ore particles suspended in the water. The slurry is leached with sulphuric acid to dissolve the uranium oxides, leaving the remaining rock and other minerals undissolved, as mine tailings.
However, nearly half the world's mines now use a mining method called in situ leaching (ISL). This means that the mining is accomplished without any major ground disturbance. Groundwater with a lot of oxygen injected into it is circulated through the uranium ore, extracting the uranium. The solution with dissolved uranium is pumped to the surface.
Both mining methods produce a liquid with uranium dissolved in it. This is filtered and the uranium then separated by ion exchange, precipitated from the solution, filtered and dried to produce a uranium oxide concentrate (U3O8), which is then sealed in drums. This concentrate may be a bright yellow colour, hence known as 'yellowcake', or if dried at high temperatures it is khaki.

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