Nigerien authorities have taken operational control of SOMAÏR, Orano has confirmed, saying decisions taken at the board meetings of the company which operates the Arlit mine are no longer being applied.
Denison Mines Corp has filed its final Environmental Impact Statement for the Wheeler River uranium project with the Canadian Nuclear Safety Commission following completion of the federal technical review. The company has also agreed to form three uranium exploration joint ventures in the eastern Athabasca Basin.
Specialist global investment firm C5 Capital and multinational mining and metals processing group Sibanye-Stillwater are joining together to participate in future development of advanced nuclear energy opportunities in South Africa and globally.
Days after Mining Minister Ousmane Abarchi said that Niger was actively seeking to attract Russian investment in natural resources including uranium, Orano has said the financial situation for its majority-owned SOMAÏR subsidiary - operator of the Arlit mine - is still deteriorating.
An initial assessment technical report summary that includes an economic analysis and mineral resource estimate for Uranium Energy Corp's project in Northern Saskatchewan envisages production of 61.2 million pounds U3O8 (23,540 tU) over nine years of underground operations.
Major financial difficulties facing SOMAÏR, the operator of the Arlit uranium mine in Niger, have led to the decision to suspend its activities from the end of October.
Lotus Resources says it can reopen the Kayelekera uranium mine in Malawi in 8-10 months - much quicker than its previous 15 month estimate. It is now targeting production in the third quarter of 2025.
Processing plant equipment that is beginning to arrive at the Dasa mine site has been shipped via Nigeria, but Global Atomic is hopeful that border restrictions between Niger and Benin will soon be resolved.
IsoEnergy is to acquire Anfield Energy - owner of the licensed and permitted Shootaring Canyon uranium mill in Utah - while Western Uranium & Vanadium Corp has agreed to purchase the Pinon Ridge Corporation, whose Colorado site has previously been licensed for a uranium mill.