Uranium – ABWR http://abwr.org/ Mon, 10 Jan 2022 03:30:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://abwr.org/wp-content/uploads/2021/05/default-150x150.png Uranium – ABWR http://abwr.org/ 32 32 Mine Tales: Arizona’s petrified forest mined for uranium and chromite | Arizona and area news https://abwr.org/mine-tales-arizonas-petrified-forest-mined-for-uranium-and-chromite-arizona-and-area-news/ Sun, 09 Jan 2022 23:00:00 +0000 https://abwr.org/mine-tales-arizonas-petrified-forest-mined-for-uranium-and-chromite-arizona-and-area-news/ Ancient soil layers known as paleosols appearing as horizontal colored bands can be seen in the distance from the badland topography in the Petrified National Forest. Guillaume Ascarza The area of ​​the Petrified Forest with eight mineral properties has produced the most uranium for the market. The first surveys were undertaken by geologist Harry Clifford […]]]>




Ancient soil layers known as paleosols appearing as horizontal colored bands can be seen in the distance from the badland topography in the Petrified National Forest.


Guillaume Ascarza


The area of ​​the Petrified Forest with eight mineral properties has produced the most uranium for the market.

The first surveys were undertaken by geologist Harry Clifford Granger with a Geiger counter in 1951, with positive results inside the southern boundary of the Petrified Forest National Monument. A small deposit of low-grade uranium among the multi-colored shales has been identified. Uranium minerals have been found in sandstones with a high concentration of carbonaceous plant material, including petrified logs.

Uranium mining has occurred around the Twin Buttes area. The Ruth Mine was the world’s largest producer of uranium, having been located by Preston Coston and Hugh Barton in 1952 and named after Barton’s wife, Ruth. Production began in 1953 with 642 tonnes of ore shipped from Ruth Concession No.4.

The following year, Moab Uranium Co. served as a contractor, shipping 364 tonnes of ore from Ruth Concession No. 1 for processing at the Anaconda Co. plant in Bluewater, New Mexico.

It was also the site of an ore theft involving former Flyers Mining Co. employees who stole 9 tonnes of ore from the Bay Shore pit on the Section 33 claim and overtook neighboring Kay claims. and Goof.






Polycrystalline potash, with an American penny for the scale.


Courtesy of USGS


The ore was shipped to the Atomic Energy Commission ore purchasing station on the Cutter siding east of Globe, an anomaly as most of the ore mined in the area in 1956 had was shipped to a uranium processing plant in Shiprock, New Mexico, operated by Kerr-McGee Oil Industries, Inc.


Source link

]]>
Centerra negotiations, push towards electric batteries and rise in uranium prices https://abwr.org/centerra-negotiations-push-towards-electric-batteries-and-rise-in-uranium-prices/ Fri, 07 Jan 2022 20:32:13 +0000 https://abwr.org/centerra-negotiations-push-towards-electric-batteries-and-rise-in-uranium-prices/ Pure Gold hopes that a leadership change will result in improved production at its namesake mine in Ontario. Courtesy of Pure Gold Mining. Editor’s Note: In the first published version of this summary, Deep-South Resources was referred to as Deep-Source Resources. We apologize for the mistake. Welcome to your weekly mining news recap, where we […]]]>

Pure Gold hopes that a leadership change will result in improved production at its namesake mine in Ontario. Courtesy of Pure Gold Mining.

Editor’s Note: In the first published version of this summary, Deep-South Resources was referred to as Deep-Source Resources. We apologize for the mistake.

Welcome to your weekly mining news recap, where we bring you up to date with some of the news you might have missed. Headlines this week include the resignation of Nutrien’s CEO after just eight months, a team of scientists in Japan developed a fast-charging lithium-ion battery, and mining companies funding expensive legal battles in foreign countries.

Kazatomprom, the world’s largest uranium miner, says it is unaffected by unrest in Kazakhstan and operations are normal with no impact on uranium production or exports, as Reuters reported . The unrest in Kazakhstan has led to an increase in uranium prices with spot prices hit US $ 45.50 a pound on Wednesday, the highest since November 30.

There is new leadership at Pure Gold as CEO Darin Labrenz and CFO Sean Tetzlaff have been replaced, and Corporate Controller Ashley Kates has been promoted to VP Finance and Corporate Secretary, as reported by the Canadian Mining Journal. The PureGold mine in Red Lake, Ontario began production in August, but struggled to reach its production capacity of 800 tonnes per day. Pure Gold said these changes will drive the mine towards consistent production and profitability.

A team of researchers from the Japan Advanced Institute of Science and Technology has developed a formula for a fast charging lithium-ion battery which further reduces CO2 emissions. Further modifications could lead to even better performance and potentially benefit electric vehicles and portable electronics, Mining.com reported.

Instead of funding mining and exploration, companies increasingly find themselves funding costly legal battles with foreign governments. Toronto-based Montero Mining and Exploration is currently in litigation with the United Republic of Tanzania. Likewise, Deep-South Resources and the Republic of Namibia are competing in court. To avoid costly legal proceedings, companies need to understand the legal framework in their host countries.

As the Canadian mining sector shifts to the use of battery-electric vehicles, the industry is also seeing an increase in used lithium-ion batteries. Batteries have a limited lifespan as they experience natural wear and tear, but companies are finding new ways to recover, recycle and reuse materials.

Centerra Gold and representatives of the Kyrgyz Republic negotiate an end to their dispute related to the Kumtor mine. In May 2021, the Kyrgyz government took control of the mine. The parties are negotiating the potential transfer of the mine to the Kyrgyz Republic, the return of Centerra shares held by the Kyrgyz agency Kyrgyzaltyn JSC and the resignation of the two agency candidates from Centerra’s board of directors.

The recently opened Tłı̨chǫ Highway in the Northwest Territories has been called a “smart investment” by Nighthawk Gold CEO Keyvan Salehi because it gives the company the opportunity to move its Colomac gold project forward, as CBC reported. The new road allows year-round access to the site by trucks bringing fuel, supplies and equipment, and eliminates the need to build a winter road.

Two unfortunate deaths from collisions with transport trucks have been reported this week in separate Alberta facilities. The North American Construction Group has reported that an employee was fatally injured at the Millennium mine in Fort McMurray. According to a press release, NACG is working with the relevant authorities to investigate the cause of the incident. Reuters also reported a death at Suncor’s oil sands base plant in northern Alberta.

Mayo Schmidt, CEO and chairman of Nutrien has resigned, but the company has given no reason for his departure, as reported by CBC. Schmidt was CEO of the company for eight months. Nutrien, the world’s largest fertilizer manufacturer, said it cannot provide specific details because there are “legal constraints on this. [it] Can say.”

Companies are considering sensor-based ore sorting technologies as a solution to decreasing the quality of ore available on earth. This technology can improve efficient grinding and processing of minerals while being more environmentally friendly. While the systems aren’t universal, the Saskatchewan Research Council (SRC) has created a new test that can help mining operations find the ideal option.

It’s all for this week. If you have any comments, you can always reach us at editor@cim.org. If you have something to add, why not join the conversation on our Facebook, Twitter, LinkedIn or Instagram?



Source link

]]>
Tim Gitzel, President and CEO of Cameco Corporation, on the benefits and risks of nuclear energy https://abwr.org/tim-gitzel-president-and-ceo-of-cameco-corporation-on-the-benefits-and-risks-of-nuclear-energy/ Thu, 06 Jan 2022 12:00:00 +0000 https://abwr.org/tim-gitzel-president-and-ceo-of-cameco-corporation-on-the-benefits-and-risks-of-nuclear-energy/ The production of clean electricity is one of the most pressing problems facing humanity. More than half of the world’s greenhouse gases come from the production of electricity. Thus, to achieve the net zero goals, the world must produce electricity without carbon emissions. One option is nuclear power. But for years many people have been […]]]>

The production of clean electricity is one of the most pressing problems facing humanity. More than half of the world’s greenhouse gases come from the production of electricity. Thus, to achieve the net zero goals, the world must produce electricity without carbon emissions. One option is nuclear power.

But for years many people have been uncomfortable with nuclear power. It produces radioactive waste and malfunction can be catastrophic. Many remember the accidents at the Japanese nuclear power plant Fukushima Daiichi and Chernobyl in the former Soviet Union.

Despite the risks, nuclear energy is considered clean energy. Ontario gets more than half of its electricity from nuclear and has announced the construction of a new plant, while the UK and China are building many.

The switch to nuclear, however, requires uranium as fuel. And Cameco Corporation, based in Saskatchewan, is one of the world’s leading producers. This week, Cameco President and CEO Tim Gitzel discusses the benefits and risks of the nuclear option.

This is the first part of his recent interview with Howard Green, host of Connexion, a 12-part bi-weekly video series launched with the Toronto Star.

Howard Green: Nice to have you with us, Tim. Thank you very much for taking the time.

Tim Gitzel: Howard, it’s an absolute pleasure to see you again and to be able to join you today. Thank you.

So before we get into the issues, how does anyone get into the uranium business? It’s a bit of an unusual endeavor.

Well, that’s a bit of a story for sure, Howard. I grew up in Saskatchewan. I went to school, I played hockey. I wanted to play hockey. I want to play for the Leafs. But they weren’t as interested on their side as I was. And so I started working a summer job in the uranium mines here in Saskatchewan. Uranium was discovered in the 1950s. But really, the new mines were coming in the late 1970s, early 1980s, and I got a summer job with French-owned Cluff Mining.

In 1979, I was 17 and I worked six summers for them, two of which were in Paris. We had a very enlightened Parisian CEO, and he said to us, “Well, would you like to go to work in Paris this summer rather than at the mine?” And so I never really left. I went back to law school, then I was hired almost immediately after law school to go back to the uranium company and work for the French company for 15 years – 10 in Canada, five in Paris, in France. And then I came back here about 15 years ago with Cameco.

So that was your professional life, essentially. Have you ever been nervous about uranium? For us here in Saskatchewan, we know uranium. You have to learn it. You have to learn the characteristics of it, you have to pay attention to it. We are the most regulated industry, I think, in Canada, and the most closely watched. And so we know it well. So am I scared? Not at all. And when I see the rescue procedures that flow from some of the uses of uranium? Not at all.

Cameco sells to more than 30 utilities around the world. Can you tell us where the public is on the nuclear issue right now? We are 10 years after Fukushima, which scared a lot of people and scared the Germans, for example. Where are we now in terms of comfort with nuclear power?

Over the years since the late ’70s, I’ve seen this movie played a couple of times, you know, and we hate to talk about it. But there have been three major incidents in nuclear space in the past 30 years. You had in 79, Three Mile Island. A film has been released on the disaster. Really, it was not a disaster. No one was hurt. And so there was that and it really scared people of nuclear power. We had Chernobyl in 1986 and then, of course, Fukushima in 2011. Just before that, there had been real momentum for nuclear power. I remember in the late 1970s we were building uranium mines because there were big nuclear power plants – Japan, France, USA, Sweden were building a lot of power plants. Then we got into a bit of funk and then it starts to come back. And so we go like that. And the last, of course, was just 10 years ago in Japan. In previous years, we thought there wasn’t enough uranium on the planet to power all the new nuclear power plants that were going to be built around the world, and we went into a lull for a while. But I’m happy to say now, Howard, we’re back. We’ve filled in the pothole, if you will. There are countries, Germany being one of them, which have decided to phase out their post-Fukushima nuclear power. So they switched to wind and solar, which was not particularly good for them. In our business, people want electricity, period and they want clean electricity, so the options are limited. We believe that nuclear power will play a big role in the future.

Are we moving towards more nuclear power simply because we no longer have other options for a stable baseline source?

Maybe not the best-selling feature, but yes, it is, of course. People don’t want coal. Here in Saskatchewan we have said that we will phase out coal by 2030, which is less than 10 years away. Now we better get moving. Ontario has already taken the plunge. We don’t like oil, especially for power generation. The gas is better, but there is still a lot of CO2 coming out of it. Dike a river is not that easy these days. You are inundating a lot of traditional territory. And nuclear, people say, ‘Oh my God, I don’t know if I like it that much either.’ But they also don’t like brownouts, blackouts, and smog. And they want the electricity to turn on when they turn on the switch in the corner of the room. And so we get another look now. Many countries are turning to nuclear power again. China is building nuclear power plants, Russia, India, Canada. We have really good tailwinds and a lot of interest in space. Young people are open to listening. They don’t like climate change. They don’t like the climate crisis, the climate catastrophe. They know something has to be done. And so they’re ready to take another look.

This interview transcript has been edited and condensed.

You can watch the full video of the interview here.

Listen here or subscribe on Apple Podcasts, Spotify, or wherever you listen to your favorite podcasts.


Source link

]]>
The best performing ETFs for 2021 https://abwr.org/the-best-performing-etfs-for-2021/ Tue, 04 Jan 2022 15:43:31 +0000 https://abwr.org/the-best-performing-etfs-for-2021/ Stocks had another fantastic year in 2021. In fact, I have to say large caps had another fantastic year as the returns were quite different depending on where you had your money. The S&P 500 gained almost 30% for the year, but the Russell 2000 returned only about half that amount – 14.5%. The names […]]]>

Stocks had another fantastic year in 2021. In fact, I have to say large caps had another fantastic year as the returns were quite different depending on where you had your money. The S&P 500 gained almost 30% for the year, but the Russell 2000 returned only about half that amount – 14.5%. The names FAAMG + Telsa accounted for over 25% of the index return, so this was clearly a very small set of stocks driving the gains.

On the sectoral side, the groups that stand to benefit the most from an economic recovery are doing the best. Oil producers and explorers and nuclear-focused ETFs have returned over 60% each. The banks made gains of 35 to 40%, with the smaller regional banks doing a little better than the larger banks. Elsewhere, semiconductor stocks and homebuilders both returned more than 40% each. The retail sector, despite some ups and downs, had a good year overall, returning over 35%.


Source link

]]>
Destroy its own nuclear arsenal – Meet the only country in the world that “built and bury” its nuclear weapons https://abwr.org/destroy-its-own-nuclear-arsenal-meet-the-only-country-in-the-world-that-built-and-bury-its-nuclear-weapons/ Sun, 02 Jan 2022 05:17:45 +0000 https://abwr.org/destroy-its-own-nuclear-arsenal-meet-the-only-country-in-the-world-that-built-and-bury-its-nuclear-weapons/ The risks associated with nuclear weapons and their potential proliferation have been discussed and debated for more than five decades now. Countries like Iran and North Korea have been sanctioned for their nuclear programs exceeding permitted limits for uranium enrichment and nuclear weapon development. The United States and Iran remain stuck in negotiations that previously […]]]>

The risks associated with nuclear weapons and their potential proliferation have been discussed and debated for more than five decades now. Countries like Iran and North Korea have been sanctioned for their nuclear programs exceeding permitted limits for uranium enrichment and nuclear weapon development.

The United States and Iran remain stuck in negotiations that previously ended in stalemate. Nor has there been a breakthrough with North Korea turning its back on the demand to dismantle its nuclear arsenal.

However, there is a country that not only built nuclear weapons for itself without any official recognition, but also voluntarily abolished them and became outspoken with the world decades ago.

Former South African President FW De Klerk who dismantled South Africa’s nuclear weapons (via Wikidata)

The former apartheid South African government was involved in the research and development of weapons of mass destruction (WMD) from the 1940s to the 1990s.

In 1989, however, its decision to end the nuclear program made South Africa the only country to build nuclear weapons and to voluntarily abandon them. A few years later, in 1993, the country also ended its biological, chemical and missile programs, thus abolishing all forms of ADM.

Then South African President Frederick William de Klerk verified what had been suspected for years on March 24, 1993. He announced to the world that his government was working on a top secret project and had acquired weapons. nuclear.

He had said South Africa produced six atomic bombs in one of the most infamous speeches to the country’s parliament in all of its history. He also said the bombs had been destroyed and the country’s nuclear development had been halted for military needs.

Then, in a significant turn of events, South Africa became part of the Nuclear Proliferation Treaty (NPT) and thus became the first country to build nuclear weapons, destroy them without warning, and then join the treaty alliance aimed at non-proliferation. nuclear weapons.

India and Pakistan are not signatories to the NPT, which prohibits them from joining the Nuclear Suppliers Group.

South Africa, after destroying nuclear weapons built under the apartheid government, began to advocate for disarmament and nuclear non-proliferation in the post-apartheid era. He also led the efforts to establish the Treaty of Pelindaba and the African Nuclear Energy Commission established with the aim of ensuring compliance by States Parties with their commitments in the Treaty.

In 1999, they also joined the Comprehensive Nuclear-Test-Ban Treaty (CTBT).

South Africa’s rendezvous with nuclear weapons

South Africa, which had a lot of uranium, was interested in atomic energy and in the mining, commercial and energy industries that could form around it as early as 1948. In 1957, the government bought its first nuclear reactor. in the USA.

Although the focus of the nuclear program was not officially changed from peaceful to military goals until 1977, U.S. intelligence records suggest that South Africa launched its nuclear weapons program in 1973. They were initially barred from testing these weapons due to intense international pressure, according to the International Campaign for the Abolition of Nuclear Weapons (ICAN).

However, South Africa had designed and manufactured its first nuclear explosive device in 1982. It had six bombs, each containing 55 kilograms of highly enriched uranium (HEU), and was capable of delivering the explosive equivalent of 19 kilotons of TNT, in 1989.

South Africa-nuclear
Bomb housings at the abandoned South African nuclear bomb production facility near Pretoria. (Wikimedia Commons)

When De Klerk officially announced to Parliament the destruction of all nuclear bombs, he also granted the International Atomic Energy Agency (IAEA) unrestricted access to the nuclear site in order to investigate his allegations.

He said the agency could visit all nuclear sites in South Africa to verify their claims and with that a full circle was closed from the acquisition of nuclear weapons to their dismantling and becoming the one of the strongest voices for disarmament in the world.

In 2017, under the presidency of Jacob Zuma, South Africa also became a signatory to the “Treaty on the Prohibition of Nuclear Weapons” which includes a comprehensive set of bans on participating in any activity related to nuclear weapons.

Only four countries have ever surrendered their nuclear weapons in history. And three of them – Belarus, Kazakhstan and Ukraine – did so because these nuclear weapons were inherited from the former Soviet Union, but these countries did not have the resources to control them. and maintain them, according to The Atlantic.

The choice to sell the arms in exchange for American support and the guarantee of Russian security is, however, extraordinary; if Ukraine and Kazakhstan had kept the arsenals on their soil, they would have become the third and fourth nuclear powers in the world, respectively.

Why did South Africa destroy its nuclear weapons?

South Africa’s intention to develop restricted warhead nuclear weapons began in 1974, according to De Klerk’s speech in 1993. The threat posed by the expansion of Soviet forces in South Africa was the reason for this decision to manufacture warheads, in a major policy change.

South Africa has developed nuclear weapons due to the uncertainty generated by the Warsaw Pact, an organization of former communist countries.

The choice of South Africa was also affected by the changing security environment in Africa. Portugal has abandoned its African territories. Angola and Mozambique obtained their independence. The civil battles that broke out in the country took on an international dimension. Between the communist and capitalist powers, the shadow of the cold war weighed heavily; the security situation in the region had deteriorated.

Nuclear, Atom, Bomb, Atomic, Science, War, Radioactive
For representation purposes only.

In Angola, the number of Cuban forces was increasing. South Africa believed in a defensive weapon. The country was also cut off from the rest of the world because of its apartheid policy. In the event of an attack, the president told parliament that his country could not count on foreign aid.

During the Cold War, neither the United States nor Russia, the two superpowers of the time, supported South Africa. When South Africa was preparing to conduct an underground nuclear test in 1977, the United States and the Soviet Union teamed up to stop it.

Under these conditions, the South African government decided to build an atomic bomb for its own safety, and the South African government authorized a three-step nuclear deterrent strategy in April 1978.

The first step was to maintain the confusion over the country’s nuclear capabilities, that is to say not to admit or deny them. If there was a threat to South Africa, the second step would be carried out. It was determined that in the event of a threat, South Africa would secretly inform a superpower such as America that it possesses nuclear weapons.

It was decided that if the threat did not diminish, South Africa would move on to phase three and officially admit to possessing nuclear weapons. It was also determined that the bomb would be tested underground at the same time.

India has 140 nuclear warheads - with more to come |  National interest
File Image: Indian Nuclear Capable Missile

In reality, South African politics never went beyond the first phase.

The reasons for the dismantling of these atomic weapons were given by De Klerk in his speech to parliament. He cited the truce in Angola, the departure of 50,000 Cuban soldiers from Angola and the tripartite agreement for the independence of Namibia. He also noted that the fall of the Berlin Wall, the end of the Cold War and the disintegration of the Soviet Union necessitated the end of South Africa’s nuclear program.

Under these conditions, the then president noted, nuclear deterrence had become not only necessary but also an obstacle to South Africa’s foreign relations and its full integration into the world for its own benefit and progress. .

One would assume that the United States is somewhat expecting the same dismantling of nuclear weapons from North Korea which has become more and more belligerent by the day. While the United States insists on a complete dismantling of the nuclear arsenal, North Korea demands a comprehensive lifting of the sanctions imposed on it.



Source link

]]>
Purepoint Uranium Group Inc. closes final tranche of C $ 1.42 million private placement https://abwr.org/purepoint-uranium-group-inc-closes-final-tranche-of-c-1-42-million-private-placement/ Fri, 31 Dec 2021 19:14:22 +0000 https://abwr.org/purepoint-uranium-group-inc-closes-final-tranche-of-c-1-42-million-private-placement/ Toronto, Ontario – (Newsfile Corp. – December 31, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Pure point“or the”Society“) is pleased to announce the closing of the last tranche of the previously announced non-brokered private placement (the”Private placement“). With the first tranche of the private placement, the Company issued a total of 10,107,643 […]]]>

Toronto, Ontario – (Newsfile Corp. – December 31, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Pure point“or the”Society“) is pleased to announce the closing of the last tranche of the previously announced non-brokered private placement (the”Private placement“). With the first tranche of the private placement, the Company issued a total of 10,107,643 flow-through units for total gross proceeds of $ 1,415,070. Each flow-through unit consists of one common share of the capital of the Company to be issued on a “transfer” basis in accordance with the Income Tax Act (Canada) and one-half common share purchase warrant. Each warrant allows its holder to purchase one common share in the capital of the Company at an exercise price of $ 0.20 per share for a period of 24 months from the date of issue.

With the first tranche of the Private Placement, the Company paid finder’s fees totaling $ 81,004.20 in cash and issued a total of 578,601 non-transferable indemnification warrants. Each compensation warrant allows its holder to purchase one common share in the capital of the Company at an exercise price of $ 0.20 per share for a period of 24 months following the date of issue.

The net proceeds of the private placement will be used to advance the Company’s exploration program in Saskatchewan. All securities issued in connection with the closing of the last tranche of the private placement are subject to a four-month holding period in accordance with applicable securities laws with an expiration date of April 30, 2022.

Granting of options

The Company today approved the issuance of a total of 5,800,000 options to its directors, officers and certain members of staff under the Company’s stock option plan. Each of the options may be exercised to acquire one (1) common share of the Company at a price of $ 0.095 per share and expires on the date that is five years after the grant date.

About Purepoint Uranium Group Inc.

Purepoint Uranium Group Inc. is actively operating an exploration pipeline of 12 advanced projects in the Athabasca Basin in Canada. In addition to its flagship joint venture project at Hook Lake with its partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also owns ten 100% owned projects with proven uranium rich targets. With an aggressive exploration program underway on several projects, Purepoint is emerging as the leading uranium explorer in the world’s richest uranium district.

Disclosure Regarding Forward-Looking Statements

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. This forward-looking information may include, without limitation, statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause the actual results and the plans and objectives of the Company to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in this information. These subsequent written and oral forward-looking information and all subsequent forward-looking information are based on management’s estimates and opinions on the dates on which they are made and expressly qualified in their entirety by this notice.

For more information please contact:

Chris Frostad, President and CEO
Telephone: (416) 603-8368
E-mail: This e-mail address is protected from spam. You need JavaScript enabled to view it.

Neither the Bourse nor its regulatory services provider (as that term is defined in the policies of the Bourse) accepts responsibility for the adequacy or accuracy of this press release.


Source link

]]>
Top 5 Resources: Copper Shots, Two Lithium Stockpiles, and a Short-Term Uranium Miner https://abwr.org/top-5-resources-copper-shots-two-lithium-stockpiles-and-a-short-term-uranium-miner/ Thu, 30 Dec 2021 01:58:54 +0000 https://abwr.org/top-5-resources-copper-shots-two-lithium-stockpiles-and-a-short-term-uranium-miner/ NexGen’s “Rook I” High-Grade Uranium Project Nears End of Development Cycle Superior Resources has now grown by around 43% since announcing big copper hit at ‘Bottletree’ Lithium Morella Corp stock continues to advance after its ASX IPO earlier this month Here are the biggest resource winners at the start of trade, Thursday, December 30. (No […]]]>
  • NexGen’s “Rook I” High-Grade Uranium Project Nears End of Development Cycle
  • Superior Resources has now grown by around 43% since announcing big copper hit at ‘Bottletree’
  • Lithium Morella Corp stock continues to advance after its ASX IPO earlier this month

Here are the biggest resource winners at the start of trade, Thursday, December 30.

(No news)

The TSX-ASX-listed company has a portfolio of projects in the uranium-rich Athabasca basin in Saskatchewan, Canada.

NXG’s main game is the Advanced Project “Rook I,” which hosts the Arrow high-grade uranium deposit.

A February feasibility study – a detailed look at the economics of building a mine – was based on processing 4,575,000 t of uranium grading 2.37% U3O8 (probable mineral reserve) d ‘Arrow.

233.6 million pounds of U3O8 would be produced over an initial lifespan of 10.7 years, according to the company.

Here are some of the key figures, which look pretty good despite the high start-up cost:

In November, NXG moved to the next stage of project development with the start of “Front End Engineering” (FEED).

FEED focuses on the technical requirements and construction costs of the project. This step should be completed in the third quarter of 2022.

“At the same time, the drafting of the environmental impact study for the project and the authorization work nearing completion, as well as regional exploration targeting new zones of potential“ arrow-type ”mineralization, further illustrate the ‘commitment of the NexGen team to the successful execution of multiple streams of work,’ said CEO Leigh Curyer.

The stock’s C $ 2.65 billion market cap was up 8.5% over the past month.

(No news)

SPQ is now up approximately 43% since the announcement of visual copper and disseminated copper over much of a 659m long hole in the ‘Bottletree’ porphyry copper-gold prospect last week.

The strongest copper mineralization occurs over an interval of 200 m, according to the company. All important tests are pending.

And that’s not even the primary target at Bottletree – a large interpreted copper-gold porphyry system located 500m to the west.

“It should be noted that these copper mineralized zones are a secondary target and appear to be simple outer zones of mineralization, or ‘leaks’ potentially related to a much larger copper-gold porphyry system,” said Peter Hwang, Managing Director by SPQ.

“The next program at Bottletree, scheduled for the end of the first quarter of 2022, will be large-scale and will target the interpreted porphyry system and ‘satellite’ copper zones, including additional drilling in the associated copper zone. chargeability anomaly. “

In addition to deep drilling at Bottletree, SPQ aims to deliver up to two JORC compliant copper mineral resource estimates early in the new year; one at Wyandotte and the other at the larger “Cockie Creek” copper prospecting.

It also aims to bring the small but potentially lucrative “Steam Engine” gold project in Queensland into production.

(No news)

HMX, specializing in copper and gold, has one of the best exploration teams in the industry.

It includes Chairman Russell Davis (Founder of Gold Road Resources (ASX: GOR)), Managing Director Daniel Thomas (former Director of Business Development at Sandfire Resources (ASX: SFR)) and Non-Executive Director Ziggy Lubieniecki, a credited geologist of the discovery of the Gruyère +6.5 Moz gold deposit from GOR.

The focus is on the “Mt Isa” project at QLD, where HMX has a dual objective: to increase its inventory to over 400,000 tonnes of copper through exploration near the mine, as well as research. large-scale iron oxide and copper-gold (IOCG) deposits. .

In August, copper giant Sumitomo Metal Mining signed a $ 6 million deal to gain 60% of a 290 km² area at Mount Isa.

An upcoming drill program will test several interesting targets, HMX said in early December.

(No news)

Lithium stock, formerly known as Altura Mining, continues to climb after being re-listed on the ASX earlier this month.

The current management of 1MC is a lite version of the Altura team that built and operated its namesake lithium project, now owned by neighbor Pilbara Minerals (ASX: PLS).

After a 16 month suspension, 1MC now has a few new lithium exploration projects underway, including “Mallina” in Pilbara, WA and the “Fish Lake Valley” brine project in Nevada, United States.

The company raised about $ 8.5 million before it was re-listed at 0.5 cents per share.

Investors who entered at 0.5c would be happy, with the current stock price rising 240% from those levels. It goes without saying that long-time investors remain in the red.

(No news)

The Lithium Explorer is well below its crazy September peak of 93c per share but still comfortably above its July IPO price of 20c.

BMM, recently spun off from EV Resources (ASX: EVR) – focuses on the ‘Rekovac’ lithium project in the little-known jurisdiction of Serbia.

The project “has similar geological parameters” to Rio Tinto’s world-class Jadar discovery, according to the company.

Following a small drilling campaign – which affected lithium mineralization in two holes – surface mapping was carried out over the entire project area to determine certain drill targets.

Data obtained from the mapping program was analyzed to aid in site selection for the proposed 2022 drilling campaign, BMM said.


You might be interested in


Source link

]]>
State-owned nuclear fuel manufacturing company develops ultrasonic removal of radioactive material https://abwr.org/state-owned-nuclear-fuel-manufacturing-company-develops-ultrasonic-removal-of-radioactive-material/ Tue, 28 Dec 2021 08:33:59 +0000 https://abwr.org/state-owned-nuclear-fuel-manufacturing-company-develops-ultrasonic-removal-of-radioactive-material/ [Courtesy of KEPCO Nuclear Fuel] SEOUL – Korea Electric Power Corporation Nuclear Fuel, a state-owned nuclear fuel manufacturing company, has developed a high-performance ultrasound-based decontamination technique that can remove radioactive uranium from radioactive metal waste. The technique is particularly effective for removing radioactive material from complex shaped waste or for safely demolishing nuclear power plants. […]]]>

[Courtesy of KEPCO Nuclear Fuel]

SEOUL – Korea Electric Power Corporation Nuclear Fuel, a state-owned nuclear fuel manufacturing company, has developed a high-performance ultrasound-based decontamination technique that can remove radioactive uranium from radioactive metal waste. The technique is particularly effective for removing radioactive material from complex shaped waste or for safely demolishing nuclear power plants.

Korea Electric Power Corporation (KEPCO) Nuclear Fuel said in a statement on Dec. 28 that some 24 billion won ($ 20.2 million) in waste management costs can be reduced by adopting the high-intensity focused ultrasound technique. (HIFU) for non-ferrous metal waste. . The HIFU technique focuses the ultrasonic beams on a specific area heavily polluted by radioactive waste for effective decontamination. The technology was developed in collaboration with enesG, a national engineering company.

“The adoption of the new technique will reduce the risk to the safety of people working in a high temperature decontamination environment and greatly increase the area of ​​effect. The technique can also become an alternative to chemical decontamination methods that create waste. secondary, “Park Jung-seok, said an official at KEPCO Nuclear Fuel.

According to KEPCO Nuclear Fuel, the HIFU technique incorporates hundreds of times more energy than conventional methods of ultrasonic decontamination. Normally, radioactive waste decontamination processes involve smelting the contaminated metal or manually cleaning up the pollutants. However, these methods were not able to completely decontaminate non-ferrous metals or metals coated with flammable materials. The nuclear fuel maker said the new technique can be used to clean up other types of industrial waste.

© Aju Business Daily & www.ajunews.com Copyright: Any material on this site may not be reproduced, distributed, transmitted, posted, published or broadcast without permission of Aju News Corporation.


Source link

]]>
How a fund less than six months old rocked the nuclear fuel market https://abwr.org/how-a-fund-less-than-six-months-old-rocked-the-nuclear-fuel-market/ Sun, 26 Dec 2021 15:03:07 +0000 https://abwr.org/how-a-fund-less-than-six-months-old-rocked-the-nuclear-fuel-market/ (Bloomberg) – Six months ago, the Sprott Physical Uranium Trust did not exist. Today, it holds nearly a third of the world’s annual supply – and it’s getting bigger and bigger. Bloomberg’s Most Read The fund’s arrival and explosive growth are sending waves to the nuclear fuel market and helped spur uranium to a 50% […]]]>

(Bloomberg) – Six months ago, the Sprott Physical Uranium Trust did not exist. Today, it holds nearly a third of the world’s annual supply – and it’s getting bigger and bigger.

Bloomberg’s Most Read

The fund’s arrival and explosive growth are sending waves to the nuclear fuel market and helped spur uranium to a 50% rebound this year. Sprott reports its assets topped $ 1.9 billion, forcing the product to nearly double its funding limit two weeks ago to $ 3.5 billion – the second time it has had to increase it in half. month.

Behind the wave lies a race to bet on a nuclear future, with everyone from hedge funds to day traders joining them. The Canada-listed trust, which launched in July, is the only publicly traded fund in North America that invests in physical uranium.

“I don’t know how many ordinary people would even know how to make a uranium coin,” said Eric Balchunas of Bloomberg Intelligence. “It kind of democratizes commerce.

The world is increasingly aware that nuclear power may need to play a bigger role as governments strive to limit global warming. While the use of uranium has drawn opposition from environmentalists, who are concerned about reactor meltdowns and the dangers of radioactive waste, supporters say the carbon-free electric power provided by nuclear power is outweighs these concerns.

Sprott, betting on the future of nuclear, has recovered about 41 million pounds of uranium since the summer, which is about 30% of annual production.

Traders say the fund is reshaping the uranium market and allowing more transparent pricing.

Historically, the spot uranium market lacked daily price discovery, as a large number of buyers – electric utilities – bought the raw material under long-term purchase agreements.

“The Sprott vehicle allows speculators’ prices to be discovered on a consistent basis. And it is this consistency of having a willing potential buyer of uranium that flushes out the real price, ”of uranium, said Michael Alkin, chief investment officer and founder of Sachem Cove Partners.

Prices jump 50%

When the Sprott Trust was launched in July, the price of uranium was around $ 30. Today, the radioactive metal has jumped 50% to $ 45, according to data from UxC LLC, a leading nuclear fuel market research company.

“They weren’t the only buyers during this time, but their business was the main aspect of the market movement,” said Jonathan Hinze, president of UxC LLC.

It remains to be seen whether Sprott’s latest funding limit will be able to push uranium prices even higher. The trust’s discount to net asset value is sensitive to uranium prices and increases when uranium prices fall.

As long as Sprott continues to raise funds in the capital markets, it will be a persistent buyer of uranium, Hinze said. And he said the trust’s announcement that it would increase its funding limit to $ 3.5 billion indicates that there is an appetite for uranium in the financial world.

“Another billion would have been more than we expected. Going to $ 3.5 billion – over $ 2 billion more – so quickly, it was a bit of a surprise, ”he said.

The trust is a closed-end fund. If it were an exchange-traded fund, it would be in the top 5% of Canadian ETFs in terms of asset value, according to BI’s Balchunas.

He predicts that a physical uranium fund will eventually be launched in the United States given the growth of Sprott and the rise of uranium stock ETFs listed in the United States, such as the Global X Uranium ETF (URA ticker). and the NorthShore Global Uranium Mining ETF (URNM) in 2021..

“What has been a big market in terms of asset inflows may be exponentially bigger,” Balchunas said.

Bloomberg Businessweek Most Read

© 2021 Bloomberg LP


Source link

]]>
Russia could face uranium shortage from 2030, ministry says https://abwr.org/russia-could-face-uranium-shortage-from-2030-ministry-says/ Wed, 22 Dec 2021 19:02:00 +0000 https://abwr.org/russia-could-face-uranium-shortage-from-2030-ministry-says/ Welcome to Kitco News’ Perspectives 2022 series. The new year will be filled with uncertainties as the Federal Reserve seeks to pivot and tighten monetary policies. At the same time, the inflationary threat continues to grow, meaning that real rates will stay in low to negative territory. Stay tuned to Kitco News to learn from […]]]>

Welcome to Kitco News’ Perspectives 2022 series. The new year will be filled with uncertainties as the Federal Reserve seeks to pivot and tighten monetary policies. At the same time, the inflationary threat continues to grow, meaning that real rates will stay in low to negative territory. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2022.

(Kitco News) – According to the Russian news agency TASS, Russia could face a shortage of uranium raw materials by 2030-2035, due to the depletion of developed deposits.

TASS said it was announced in a recent report by the Russian Natural Resources Ministry on the state and use of mineral resources in Russia in 2020.

“It is possible that a shortage of uranium raw materials suitable for development under current economic conditions could appear in Russia by 2030-2035, which is due to the depletion of reserves of developed uranium deposits,” said noted the authors of the report.

TASS added that although Russia has large reserves of uranium, most of the minerals are of poor quality.

“This makes it difficult, if not impossible, to operate them in modern economic conditions,” TASS said, citing the ministry.



According to the state report, as of January 1, 2021, recoverable uranium reserves in categories A + B + C1 total 327,100 tonnes and in category C2 – 383,500 tonnes.

At the same time, TASS noted that the uranium raw material production volume at the end of 2020 was 2,897 tons, while the increase in uranium reserves due to geological exploration reached 281 tons.

According to the World Nuclear Association, Russia ranked seventh in the world for uranium production in 2020 and fourth for uranium resources.

Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.


Source link

]]>