Uranium 2007 Price Forecast
By: James Finch | Wednesday, January 10 2007
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| The big question now being asked by investors, institutions, uranium speculators, fuel brokers, uranium miners, industry consultants and utilities is: ‘How high will the price of uranium reach during 2007?’ Growth in the uranium sector continues to depend upon ever more convincing confirmatory evidence of global warming, caused by excessive fossil fuel use, in order to accelerate broad public demand for the expansion of nuclear energy as a replacement source for electricity. Full Story |
Size Really Does Matter: In the Case of Uranium Stocks, Smaller May Be Better
By: James Finch | Tuesday, December 19 2006
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| In light of TradeTech’s December 15th announcement of the largest percentage increase of the weekly spot uranium price in history, the brewing kettle of some 300-plus uranium companies could quickly boil over. Multiple uranium buyers offered more than $70/pound for a modest amount of uranium oxide [U3O8] auctioned by Mestena LLC. The 260,000 pounds of Texas uranium, probably produced for about $30/pound through the in situ recovery mining method, might return the privately held uranium company nearly $11 million in operating profits. Full Story |
Exposed: The World’s Best Kept Uranium Secret
By: James Finch | Monday, December 11 2006
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| Perhaps the White House flap as to whether or not Saddam Hussein’s government tried to buy uranium ore from the country of Niger was the best publicity Niger has had about its uranium production for more than two decades. How many geologists know that the Republic of Niger ranks fourth, behind Canada, Australia and Kazakhstan, in terms of the quantity of uranium annually produced worldwide? Full Story |
New Texas Uranium Mine to Open in 2008?
By: James Finch & Dennis Stover | Wednesday, November 29 2006
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| On Monday, Energy Metals Corp announced the company would commence trading on the NYSE Arca, on November 29th, under the ticker symbol: EMU. The NYSE Arca is part of the NYSE Group, of which Cameco Corp (NYSE: CCJ) is the only other primary uranium listed company within the NYSE Group of companies. Energy Metals Corporation is among a handful of near-term U.S. uranium producers. In this interview, the company’s chief operating officer Dr. Dennis Stover discusses his company’s La Palangana project and the Hobson Central processing facility in Texas, and explains production estimates going forward. Full Story |
Reliable Uranium Supply Needed for Nuclear Renaissance to Continue
By: James Finch & Jamie Strauss | Tuesday, November 14 2006
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| We recently talked with Hargreave Hale head of institutional sales, Jamie Strauss, by telephone. He was working late by London (UK) time, and answering multiple phone calls. Over the course of our conversation, we talked about Cigar Lake (of course), the nuclear renaissance, U.S. Department of Energy uranium stockpiles, his favorite uranium companies (SXR Uranium One is Number One), Australia’s vast uranium reserves and the junior exploration sector. He forecast the U.S. government may pressure Australia , at some point, to release its vast uranium resources to continue the momentum of the nuclear renaissance. Full Story |
Spot Uranium Price Climb Stalls
By: James Finch & Gene Clark | Monday, November 6 2006
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| TradeTech reported its uranium price indicator at US$60.25/pound on Friday, November 3rd. “One off-market transaction involving delivery before year-end was concluded this week at, or very near to, TradeTech’s Spot Price Indicator of $60.25 per pound U3O8,” Gene Clark, Chief Executive of TradeTech wrote to us in an email. “These offers are for small quantities involving almost immediate delivery and payment.” We interviewed Gene Clark about this development and what it means for spot uranium price climb heading into year end and what to expect for early 2007. Full Story |
The Cigar Lake Reaction: Investors Flood Junior Uranium
By: James Finch | Wednesday, November 1 2006
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| Since the October 23rd announcement of Cameco’s Cigar Lake uranium mine flooding, several junior uranium companies have behaved in the same way mining markets sometimes react to a major exploration discovery. The massive cobalt-copper- nickel discovery at Voisey’s Bay in Labrador comes to mind. Call it a world-class exploration discovery in reverse. Full Story |
Cameco's Cigar Lake Mine Drowning: Where Will U.S. Utilities Get Uranium Now?
By: James Finch | Tuesday, October 24 2006
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| The announcement of water deluging the $12 billion ore body at the rate of 1,500 cubic meters an hour at the Cigar Lake uranium mine shocked the nuclear industry on Monday. As anyone who closely follows uranium mining stocks now knows, construction at Cameco Corp’s half-owned mine in Canada ’s uranium-rich Athabasca Basin will be delayed by at least one year, possibly much longer. The whole mine was flooded after massive steel doors – reinforced with concrete – could not hold back the water. Full Story |