Kazakhstan to begin supplying uranium to China

11.Oktober 2017

Kazakhstan’s energy minister Kanat Bozumbayev announced Wednesday that the country will supply uranium to five nuclear power plants in China beginning in 2019.

„We are working with our Chinese partners on uranium conversion,“ Bozumbayev told media representatives at the 18th Asian Nuclear Cooperation Forum held in Kazakhstan’s capital city Astana.

China is on schedule to complete the construction of a new power plant by 2019, when Kazakhstan will begin supplying uranium, Bozumbayev added.

Bozumbayev said Kazakhstan aims to turn its nuclear power into an important player in global fuel trade.

Kazakhstan is the world’s biggest uranium producer, controlling 40 percent of production worldwide, with 12 percent of the world’s uranium under its soil, the World Nuclear Association reports.

Bitte lesen Sie den kompletten Artikel unter dem folgendem Link: LINK

Der Beitrag Kasachstan beginnt in 2019 mit der Lieferung von Uran nach China erschien zuerst auf uranaktien.info.

Uransektor – Newsletter von Ringler Research per 29.10.2017

Seite 1-2: Übersicht, Marktkommentar & Überblick der wichtigsten Uranförderländer

Seite 3: Uransektor Statistikteil

Seite 4: Aktien mit den stärksten Kursbewegungen (20.10.17 – 27.10.17)

Seite 5-8: Chart-Check diverser ausgewählter Titel aus dem Uransektor: Global X Uranium ETF (URA), Cameco Corp (CCJ),

                    Uranium Energy Corp   (UEC), Energy Fuels (UUUU)

Seite 9:   Überblick aller australischen Urantitel in unserer Datenbank

Seite 10: Überblick aller nordamerikanischen Uranproduzenten / Projektentwickler in unserer Datenbank

Seite 11: Überblick aller nordamerikanischen Uran-Explorationsunternehmen in unserer Datenbank                 

Seite 12-14: Rechtliche Hinweise, Impressum, Disclaimer

Bitte lesen bzw. downloaden Sie den kompletten Newsletter auf der folgende Seite oder Direkt-Link: Link Webseite / Link Download

Der Beitrag Uransektor – Newsletter von Ringler Research per 29.10.2017 erschien zuerst auf uranaktien.info.

30. October 2017

GoviEx completes acquisition of African Energy’s Zambian uranium assets

VANCOUVER, CANADA – GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx”) announced today the completion of its previously announced transaction to acquire the uranium mineral interests of African Energy Resources Ltd. (ASX: AFR) (“African Energy”) in Zambia (the “Transaction”). See GoviEx’s news release dated March 6, 2017.

Govind Friedland, Executive Chairman of GoviEx, commented, “The combination of African Energy’s Chirundu and Kiraba Valley tenements with GoviEx’s Mutanga Project finally unites these neighbouring properties, and significantly expands and improves the potential economies of scale. GoviEx will now focus on completing a Preliminary Economic Assessment based on the consolidated land holding.”
The Chirundu and Kariba Valley properties acquired as part of the Transaction include a mining licence, a prospecting licence, and a pending exploration licence. The Chirundu mining licence covers two uranium deposits – Gwabe and Njame – containing Joint Ore Reserves Committee (JORC) mineral resources of 7.4 Mlb U3O8 in the Measured and Indicated categories, plus 3.8 Mlb U3O8 in the Inferred category (see tables below for detailed breakdown).

GoviEx’s acquisition of the Chirundu and Kariba Valley properties, combined with the Mutanga Project, represents a regional consolidation and will result in contiguous tenements of approximately 140 km in strike length, including three mining licences, containing combined Mineral Resources of 15.2 Mlb U3O8 in the Measured and Indicated categories and 45.2 Mlb U3O8 the Inferred category. Sections between the known deposits remain under-explored with a number of prospective drill targets which could further expand GoviEx’s NI 43-101 resource.

Upon closing of the Transaction, GoviEx has one of the largest combined uranium Mineral Resource bases amongst its peer group, with combined Measured and Indicated Resources of 131.7 Mlb U3O8 and Inferred Resources of 76.9 Mlb U3O8 estimated in accordance with NI 43-101.

Bitte lesen Sie die komplette Pressemeldung unter dem folgenden Link: http://www.goviex.com/news.php

Der Beitrag GoviEx schließt Übernahme der Uran-Vermögenswerte von African Energy in Sambia ab erschien zuerst auf uranaktien.info.

30.10.2017

Vancouver, BC / Marketwired / October 30, 2017 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report that initial analytical results from the Phase II reverse circulation (RC) drilling program confirm the previously reported significant expansion of the uranium-vanadium mineralized system at the Ivana target on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina (see news release dated October 5^th, 2017).

Highlights of drill intercepts with strong uranium mineralization include:

• 1,131 ppm U₃O₈ over 5 m
  • within 431 ppm U₃O₈ over 15 m in AGI-0170

• 1,030 ppm U₃O₈ over 5 m
  • within 431 ppm U₃O₈ over 14 m in AGI-0169

“The initial assays of the second phase of the program confirm our field observations that we are continuing to significantly expand the known uranium-rich system at Ivana,” stated Nikolaos Cacos, Blue Sky President & CEO. “The exploration program has added a potential expansion of more than two kilometres to the recently defined greater than two-kilometre-long uranium-rich corridor.”

Bitte lesen Sie die komplette Pressemeldung unter dem folgenden Link: LINK

Der Beitrag Blue Sky bohrt 1.131 ppm U3O8 über 5 Meter Nahe der Oberfläche erschien zuerst auf uranaktien.info.

By Sylvia Westall

ABU DHABI, Oct 31 (Reuters) – Argentina plans to start building two new nuclear reactors next year, a government official said on Tuesday.

The South American country already generates about 5 percent of its electricity with three heavy water nuclear reactors, two German-built and one Canadian, with combined capacity of 1,600 megawatts (MW).

Der Beitrag Argentinien plant mit dem Bau zweier neuer Kernreaktoren im Jahr 2018 zu beginnen erschien zuerst auf uranaktien.info.

Blue Sky Reports Significant Vanadium Zone at the Anit Target, Amarillo Grande Project, Argentina

08.11.2017

Vancouver, BC / Marketwired / November 8, 2017 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report that the integration of the 2017 Phase I drill results at the Anit target (see News Release dated September 18, 2017) with data from previous sampling programs carried out by the Company has led to the delineation of a significant area of vanadium mineralization, covering a much larger area than the previously defined uranium mineralized zone (see Figure 1: https://www.blueskyuranium.com/assets/news/2017-11-08-nrm1-bsk-h8nb22.pdf).

“The current market interest in vanadium as a component of storage batteries for renewable energy has helped spur a significant price increase over the last year,” stated Nikolaos Cacos, Blue Sky President & CEO. “These results confirm the regional potential of Amarillo Grande where two significant uranium-vanadium discoveries have been made by the Company. Amarillo Grande covers a one hundred and forty kilometre trend where there is potential for many more discoveries.”

RC Drill intercepts from Phase I yielded strong vanadium mineralization, including:

• 3,411 ppm V₂O₅ over 1 m
  • within 560 ppm V₂O₅ over 10 m in AGA-0049
• 2,510 ppm V₂O₅ over 1 m
  • within 810 ppm V₂O₅ over 16 m in AGA-0059
• 2,508 ppm V₂O₅ over 1 m
  • within 930 ppm V₂O₅ over 08 m in AGA-0060
• 2,367 ppm V₂O₅ over 1 m
  • within 876 ppm V₂O₅ over 13 m in AGA-0058
• 2,349 ppm V₂O₅ over 1 m
  • within 859 ppm V₂O₅ over 08 m in AGA-0078
• 2,190 ppm V₂O₅ over 1 m
  • within 685 ppm V₂O₅ over 12 m in AGA-0050
• 2,085 ppm V₂O₅ over 1 m
  • within 616 ppm V₂O₅ over 11 m in AGA-0051
• 2,074 ppm V₂O₅ over 1 m
  • within 746 ppm V₂O₅ over 09 m in AGA-0056
• 2,030 ppm V₂O₅ over 1 m
  • within 847 ppm V₂O₅ over 08 m in AGA-0049

About Vanadium

Vanadium is traditionally used as a hardening additive in steel manufacturing. More recently, vanadium has become the main constituent of vanadium redox flow storage batteries. Storage batteries are a key component in the sustainability of renewable, but intermittent, energy sources such as wind and solar, which are expected to see increasing future market share^[i]. The current market supply of vanadium is mainly from China, where supply reportedly tightened in the last year. These and other factors have resulted in prices of Vanadium surging over the past year^{[ii], [iii]}.

Program Details, Anit Zone, Amarillo Grande Project

The Phase I program recently carried out at Anit included a pole-dipole electrical tomography (ET) geophysical survey and 1170 metres of Reverse Circulation (RC) drilling in 83 holes drilled to a maximum depth of 20 metres. Results from these holes were previously released (see September 18, 2017 news release), however the interpretation was focused on uranium and therefore intervals were reported only when uranium was greater than 30ppm over more than 1 metre. Re-interpreted results focused on Vanadium intervals >250ppm over 1 metre, are reported in Table 1: https://www.blueskyuranium.com/assets/news/2017-11-08-nrt-bsk-h8nb22.pdf . All holes were vertical and as such, reported mineralized intercepts are believed to approximate true thickness.

Previous exploration efforts, carried out by the Company at Anit between 2008 and 2010, included airborne radiometric surveying, pit and trench sampling, radon gas surveys and auger and aircore drilling along a 15 kilometre-long airborne radiometric anomaly related to a surficial paleo-channel. (For details of these programs please refer to the NI 43-101 Technical Report filed on SEDAR dated May 29^th, 2012.) The primary focus of work at the Anit target to date has been on near-surface uranium mineralization related to the uranium-vanadium mineral carnotite (K₂(UO₂)₂(VO₄)₂·3H2O) which occurs as coatings on grains and interstitially in weakly-consolidated medium-grained sands which have been sampled from surface to approximately 20 metres depth. Integration of the data has shown that elevated vanadium is distributed over a wider area with greater thickness than the main zone of uranium mineralization concentrated in the core of the paleo-channel; more work is required to determine the extent and mineralogy of the vanadium mineralization.

Using a 1,000ppm V₂O₅ x metre isocurve as a lower limit defines an open area covering approximately 3 kilometres by 1 kilometre within which the mineralized interval ranged between 0 and +16 metres in thickness (see Figure 2: https://www.blueskyuranium.com/assets/news/2017-11-08-nrm2-bsk-h8nb22.pdf). Initial interpretation of the observed spatial and quantitative relationship between the two metals may relate to initial concentration of vanadium-rich minerals in the paleochannel system, likely as vanadium-bearing oxide and/or hydroxide minerals, and subsequent formation of carnotite, incorporating a portion of the available vanadium upon introduction of uranium.

Additional exploration work to advance understanding of the mineralogy, metallurgical characteristics, grade and aerial extent of the vanadium mineralization at the Anit target will be incorporated into the Phase 2 exploration program. This work will include ground geophysics, RC drilling and mineralogy/metallurgical studies.

Methodology and QA/QC

Preparation of all samples reported herein was completed Bureau Veritas Minerals of Mendoza, Argentina. Samples were prepared by drying, crushing to 80% passing 10 mesh and then pulverizing a 250 g split to 95% passing 150 mesh. Pulps were analyzed by Bureau Veritas Commodities Canada Ltd. for 45 elements by means of Inductively Coupled Plasma Mass Spectrometry following a four-acid digestion (MA-200). Approximately every 10 th sample a blank, duplicate, or standard sample was inserted into the sample sequence for quality assurance/quality control (QA/QC) purposes. No significant QA/QC issues were identified during review of the data.

The drilling program been carried out using an FlexiROC D65 drill rig from Atlas Copco, an ore-control track-mounted rig adapted to reverse circulation with triple cyclone to reduce the dust loss during sampling and automatic sampling. Every hole was surveyed by a senior geophysicist from Geopehuen SRL Service Company using a natural gamma probe from Geovista Ltd. The probe was previously calibrated at the Comisión Nacional de Energía Atómica facility (Atomic Energy National Commission, CNEA).

About the Amarillo Grande Project

This new uranium district was first identified, staked and underwent preliminary exploration by Blue Sky from 2007 to 2012 as part of the Grosso Group’s strategy of adding alternative energy focus to its successful portfolio of metals exploration companies. The proximity of several major targets suggests that if resources are delineated a central processing facility would be envisioned. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access.

Mineralization identified to date at Amarillo Grande has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type deposit is related to a braided fluvial system comprising a potentially district-size “roll front” system. Uranium minerals are present in the porous of poorly-consolidated sandstones and conglomerates. In surficial-type uranium deposits, carnotite mineralization coats loosely consolidated pebbles of sandstone and conglomerates. Carnotite is amenable to leaching, and preliminary metallurgical work at the project indicates that the mineralized material can be upgraded using a very simple wet screening method. The near-surface mineralization, ability to locally upgrade, amenability to leaching and central processing possibility suggest a potentially low-cost development scenario for a future deposit.

For additional details on the project and properties, please see the Company’s website: www.blueskyuranium.com

Bitte lesen Sie die komplette Pressemeldung unter dem folgenden Link: LINK

Der Beitrag Blue Sky Uranium meldet signifikante Vanadium-Zone an der ‚Anit Zone‘ beim ‚Amarillo Grande Projekt‘, Argentinien erschien zuerst auf uranaktien.info.

Cameco to suspend production from McArthur River and Key Lake operations and reduce its dividend

Saskatoon, Saskatchewan, Canada, November 8, 2017

Cameco (TSX: CCO; NYSE: CCJ) announced today that due to continued uranium price weakness, production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan will be temporarily suspended by the end of January 2018 and that the company’s annual dividend will be reduced to $0.08 per common share in 2018.

“With the continued state of oversupply in the uranium market and no expectation of change on the immediate horizon, it does not make economic sense for us to continue producing at McArthur River and Key Lake when we are holding a large inventory, or paying dividends out of proportion with our earnings,” said Tim Gitzel, Cameco’s president and CEO. “We regret the impact these actions will have on our workforce and other stakeholders and are doing what we can to cushion it while ensuring the long-term sustainability of the company. We believe these actions will help shield the company from the nearer term risks we face and will benefit all our stakeholders for their continued patience and support of our strategy to build long-term value.”

As a result of the suspension, the workforce at the operations will be reduced temporarily by about 845 workers (560 employees and 285 contractors). About 210 workers (160 employees and 50 contractors) will be retained to maintain the facilities in safe shutdown state.

We expect our share of the costs to maintain both operations during the suspension to range between $6.5 and $7.5 million per month. However, some of the items affecting these costs won’t be known until the operations are actually shutdown. More details will be provided in our fourth quarter results which will be released in February 2018.

Cameco plans to meet its commitments to customers from inventory and other supply sources during the suspension, which will be reviewed on an ongoing basis until inventory is sufficiently drawn down or market conditions improve. The duration of the suspension and temporary layoff is expected to last 10 months.

As we have previously indicated, we will continue to evaluate the optimal mix of our sources of uranium supply to feed into our contract portfolio, which could see us make further changes to our inventory position, production profile or purchasing activity.

Cameco will also review its corporate support activities for McArthur River and Key Lake operations, which may result in temporary workforce reductions at corporate office.

Uranium prices have fallen by more than 70% since the Fukushima accident in March 2011 and remain at unsustainably low levels. Cameco has been partially sheltered from the full impact of weak prices by its portfolio of long-term contracts, but those contracts are running out and it is necessary to position the company today to generate cash flow if prices do not improve.

Cameco has committed sales volumes of 28 to 30 million pounds in 2018. Using inventory to help meet contract commitments now allows Cameco to draw down its inventory without suffering a loss by selling at low market prices. It also avoids the risk of holding excess inventory valued above market prices on its balance sheet if prices remain low.

Bitte lesen Sie die komplette Pressemeldung unter dem folgenden Link: LINK

Der Beitrag Cameco setzt vorübergehend die Produktion bei McArthur River und Key Lake aus und senkt die Dividende erschien zuerst auf uranaktien.info.

Kurzkommentar Ringler Research zur jüngsten Pressemeldung von Cameco vom 08.11.2017:

Cameco gab gestern nach Börsenschluss bekannt, die Uranproduktion Ihrer Minen ‚McArthur River‘ und ‚Key Lake‘ im Norden von Saskatchewan ab Ende Januar 2018 vorüberghehend stillzulegen.

Cameco förderte im Jahr 2016 auf Konzernebene insgesamt 27 Mio. Pfund U3O8 und ist damit der größte börsennotierte Uranproduzent der Welt.

Die ‚McArthur River‘ Mine ist mit 258,1 Mio. Pfund Uran-Ressourcen (Proven and Probable Kategorie) die größte und hochgradigste Mine (9,6% U3O8) der Welt. Die Minenproduktion bei ‚McArthur River / Key Lake‘ lag im Jahr 2016 bei 12,6 Mio. Pfund. Diese Zahl entspricht ca. 46% der gesamten Jahresproduktion!

Wir sehen die Entscheidung von Cameco als sehr bullisch für den gesamten Sektor, da nun der Uran-Spotmarkt weiter ausgetrocket wird.

Kasachstan ist für ca. 39% der Welturanförderung verantwortlich. Als das Land im Januar 2017 bekannt gab, die Jahresförderung (2015: 23.800 Tonnen) um 2.000 Tonnen (4,4 Mio. Pfund oder auch 8%) zu senken, gab es ein Kursfeuerwerk bei den Uranfirmen – viele Firmen verzeichneten Kursgewinne zwischen 100-200%. Auch stieg der Spot-Uranpreis in kurzer Zeit von 17,7 USD auf 24 USD.

Die Produktionsentscheidung hat einen riesigen psychologischen Effekt auf den Sektor. Es gibt seit langer Zeit eine große Diskrepanz zwischen dem langfristigen und kurzfristigen Uranpreis. Neue Projekte werden unseres Erachtens nach erst ab einem Uranpreis von über 50 USD realisiert werden. Wir erwarten daher einen deutlichen Anstieg der Uranpreise.

Viele langfristige Uran-Lieferverträge laufen in den nächsten 1-3 Jahren aus. Wir gehen davon aus, dass die Kraftwerksbetreiber merken, dass nur minimale Angebotsmengen auf dem Spotmarkt verfügbar sind.

Der nächste Uran-Bullenmarkt wird kommen, es ist nur eine Frage der Zeit! Viele australische Uranfirmen reagierten auf die Pressemeldung von Camerco mit Kursgewinn von 20-35%! Wir warten gespannt auf die Kursveränderungen der nordamerikanischen Gesellschaften wenn die Börse öffnet.

Weitere Informationen zu Cameco und der Pressemeldung vom 08.11.2017 finden Sie hier:

https://www.cameco.com/businesses/uranium-operations/canada/mcarthur-river-key-lake

https://www.cameco.com/media/news/cameco-to-suspend-production-from-mcarthur-river-and-key-lake-operations-and-reduce-its-dividend

Der Beitrag Kommentar Ringler Research zur Hammer-News von Cameco: Massive Produktionskürzungen bei ‚McArthur River‘ und ‚Key Lake‘ erschien zuerst auf uranaktien.info.

10.11.2017

Interview mit Paul Atherley, Managing Direktor von Berkeley Energia

Hallo Paul! Vielen Dank für die Chance ein kurzes Interview mit Ihnen zu führen. Ich kann mir gut vorstellen, dass heute so einige Anfragen hereinkommen, nachdem am Markt die wichtigen Produktionskürzungen von CAMECO die Runde machen.

Was sind Ihre Gedanken zu dem angekündigten Produktions-Stopp von CAMECO und was bedeutet das für den Uranmarkt?

Paul Atherley:

Wir glauben, dass dies ein großer Wendepunkt im Uranmarkt sein könnte. Cameco´s Produktionsstopp, der jüngste in einer langen Reihe von Produktionskürzungen bei Minen mit hohen Kosten, bringt das Gesamtvolumen an Uran, das 2018 vom Markt genommen wurde, auf 17 Millionen Pfund, etwa 12% des Primärminenangebots. Dies wiederum führt dazu, dass das Überangebot an Uran wieder deutlich ins Gleichgewicht gebracht wird.

Die Entscheidung von Cameco sendet auch ein Signal an die Käufer von Uran, dass sie anfangen müssen, neue Anschlussverträge zu höheren Preisen abzuschließen, um die Versorgung zu sichern. Ansonsten könnten Schlüssellieferanten wie Cameco mit Schließungen konfrontiert werden.

Viele Uranminen haben nur aufgrund historischer Langzeitverträge überlebt, die in Zeiten höherer Preise mit Versorgungsunternehmen abgeschlossen wurden. Diese Verträge laufen jetzt eindeutig aus und die Minen verlieren Geld. Die realisierten Preise für Cameco fielen in nur einem Jahr von etwa 45 $ / lb auf 35 $ / lb. Wie BMO es heute Morgen formuliert hat: „Wir würden die Entscheidung erwarten, die weltweit größte und Uranmine mit den  niedrigsten Kosten der Welt auszusetzen, um Versorgungsbedenken bei den Versorgungsunternehmen zu erhöhen.“

Hannes Huster, Goldreport:

Die letzte Produktionskürzung im Uransektor von Kazatomprom führte Anfang des Jahres zu einem Uran-Preis-Anstieg von 30-40%. Denken Sie, wir haben nun das Potential für eine vergleichbare Reaktion?

Paul Atherley:

Unbedingt. Es wird Zeit brauchen, um sich durchzuarbeiten, aber Kazatomprom hat im Laufe des Jahres 2017 die Produktion um etwa 5-7 Millionen Pfund gekürzt, während dieser Produktionsstopp im Jahr 2018 insgesamt 17 Millionen Pfund Uran aus dem Markt nehmen wird (12 Millionen Pfund von Cameco).

Die Nuklearversorgungsunternehmen werden dies sehr genau beobachten und prüfen, ob es nun an der Zeit ist, wieder in großem Stil auf den Markt zu kommen, um ab 2019 Verträge zu unterzeichnen, bei denen erheblicher ungedeckter Bedarf auf dem Markt besteht.

Hannes Huster, Goldreport:

BERKELEY ist mittlerweile sehr weit fortgeschritten und bislang konnten Sie alle Meilensteine wie versprochen erreichen. Wie wird dieser Produktionsstopp von CAMECO Ihr Geschäft beeinflussen? Ist die Uran-Welt hungrig nach Minen mit sehr geringen Produktionskosten wie Salamanca?

Pault Atherley:

Während das Angebot weiterhin in die Hand von immer weniger Spielern fällt und der Anstieg der weltweiten Nachfrage keine Anzeichen einer Verlangsamung zeigt, setzen wir den Bau der einzigen Uranmine fort, die heute in der Welt gebaut wird.

Unsere Position am unteren Ende der Kostenkurve gibt uns den Luxus, auf dem aktuell gedrückten Markt weiter in Richtung Produktion zu gehen, da wir selbst bei Spotpreisen um die 20 US-Dollar-Marke Geld verdienen können.

Die Entscheidung von Cameco, bei der Rob Chang von Cantor Fitzgerald glaubt, sie wird „die Stärke des U3O8-Preises ankurbeln„, bestätigt unsere Überzeugung, dass wir eine Mine am Ende des Uranpreiszyklus bauen sollten. Der Start des Verkaufs im Jahr 2019 bedeutet, dass wir U3O8 in ein Angebotsdefizit bringen werden, das Branchenexperten als fundamental und unvermeidbar bezeichnet haben.

Hannes Huster:

Paul, ich danke Ihnen für die Zeit und wünsche Ihnen weiterhin alles Gute für die Zukunft.

Interessenskonflikt: Hinweis gem. §34 WpHG Wertpapierhandelsgesetz (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich): Der Goldreport Ltd. und/oder Mitarbeiter halten Aktien von folgenden Gesellschaften, die in diesem Artikel besprochen wurden: Berkeley Energia 

Sie finden das Interview und weitere Informationen zum Börsenbrief ‚Der Goldreport‘ auf der folgenden Seite: LINK

Der Beitrag Interview von Hannes Huster (Der Goldreport) mit Paul Atherley, Managing Direktor von Berkeley Energia erschien zuerst auf uranaktien.info.

15.11.2017

GoviEx Uranium granted the Agaliouk Exploration Permit in Niger

New permit is adjacent to the Company’s Madaouela Project and increases Madaouela’s total Measured and Indicated Resources by approximately 12% to 110.76 million pounds

VANCOUVER, CANADA – GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx” or “Company”) is pleased to announce that further to its news release of February 1, 2016, where the Company announced that the renewal application for Agaliouk exploration tenement adjacent to the current boundaries of the Madaouela Project in Niger had not been approved at that time, the Company now has been granted the Agaliouk Exploration Permit.
The Agaliouk Exploration Permit adds 11.67 million pounds (Mlb) U3O8 in the Measured and Indicated categories (of which 5.96 Mlb U3O8 relates to the open-pit amenable Miriam Deposit) and 9.35 Mlb U3O8 in the Inferred category to the Madaouela Project’s mineral resource statement relating to the Miriam, MSEE, and La Banane deposits. The mineral resource statement for the Madaouela Project now reflects aggregate mineral resources of 110.76 Mlb U3O8 Measured and Indicated and 27.66 Mlb U3O8 Inferred.1
GoviEx’s Founder and Chairman Govind Friedland stated, „On behalf of GoviEx and all local and international stakeholders, we warmly welcome the Niger Government’s issuance of the Agaliouk Exploration Permit to GoviEx, as approved by Nigerien Parliament, in support of the Company’s continued efforts in advancing the Madaouela Project towards commercial production.“
GoviEx CEO Daniel Major said, “The granting of the Agaliouk Exploration Permit allows us to add mineral resources amenable to lower-cost, open-pit mining to the Madaouela Project, which could result in prolonging the Madaouela Project’s mine-life beyond that projected in the Company’s 2015 Integrated Development Plan, which has the potential to further optimize the Madaouela Project’s economics.”

Bitte lesen Sie die komplette Pressemeldung unter dem folgenden Link: LINK

Der Beitrag GoviEx Uranium erhält die Agaliouk Explorationsgenehmigung in Niger erschien zuerst auf uranaktien.info.

21.11.2017

GoviEx Uranium announces encouraging results of a Preliminary Economic Assessment for the Mutanga Uranium Project in Zambia

Mutanga is GoviEx’s second large-scale, mine-permitted project in Africa positioned for development

VANCOUVER, CANADA – GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) (“GoviEx” or “Company”) announced today that it has completed a National Instrument (NI) 43-101 Preliminary Economic Assessment (“PEA”) for the Mutanga Uranium Project (“Mutanga Project”) in Zambia, which evaluates the economic and technical viability of a large-scale uranium project with low-capital costs and low-operating costs.

Highlights of the PEA include the following:

• The Mutanga Project consists of three contiguous, fully-permitted mining licences.
• The project development plan envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life, with an 88% ultimate uranium recovery rate.
• Initial capital costs are estimated at US$123 million, with estimated cash operating costs of US$31.1/lb U3O8, excluding royalties. Total life-of-mine (“LoM”) costs are forecast at US$37.9/lb U3O8.The PEA is based on Measured and Indicated Mineral Resources of 15 million pounds (Mlb) U3O8 and 45 Mlb of Inferred Mineral Resources.
• At a long-term uranium price of US$58/lb U3O8, the base case project economics for this project are positive, and indicate an after-tax net present value of US$112 million (at 8% discount rate) with an internal rate of return (IRR) of 25% and total life-of-mine net free cash of US$268 million.

Govind Friedland, GoviEx Executive Chairman, commented, “We are pleased by the encouraging results of this PEA. GoviEx now has two mine-permitted projects – Madaouela in Niger and Mutanga in Zambia – and we can clearly see the economic potential for both of these projects to be developed when uranium prices rise, as expected, as a result of the looming supply deficit forecast later this decade. Madaouela and Mutanga each have the potential to produce more than 2.4 million lbs U3O8 per annum steady state, with total life-of-mine costs less than US$38/lb U3O8 and no shortage of exploration potential to possibly expand the mineral resources.”

Bitte lesen Sie die komplette Pressemeldung unter dem folgenen Link: LINK

Der Beitrag GoviEx Uranium gibt ermutigende Ergebnisse einer vorläufigen wirtschaftlichen Machbarkeitsstudie des Uranprojektes Mutanga in Sambia bekannt erschien zuerst auf uranaktien.info.

4.12.2017

Kazatomprom announces further production cuts

Der Beitrag Eilmeldung: Kazatomprom kündigt weitere Produktionskürzungen ab Januar 2018 an erschien zuerst auf uranaktien.info.

19.12.17

The Right Uranium Project, the Right Uranium Market

Blue Sky Uranium Corp. (TSX: V.BSK, OTCQB: BKUCF, Forum) is a junior exploration company now on the radar of the Stockhouse audience. Investors were first introduced to BSK in a full-length feature article from November 2016. The Stockhouse Community was alerted to a great uranium opportunity in Argentina.

Argentina is a nuclear-powered nation. However, it currently has no domestic sources of yellowcake to power these reactors. As a consequence, Argentina has been paying a significant premium for the imported uranium necessary to keep its nuclear industry in operation.

Blue Sky saw an opportunity here. The Company is part of The Grosso Group of companies. The Grosso Group has made a name for itself finding and developing highly prospective mining projects in Argentina. BSK is its vehicle for unlocking the opportunity in Argentina’s uranium industry.

Argentina is the world’s 8^th largest nation, in terms of land mass. Yet its mining industry was essentially blocked off for foreign development until the 1990’s. This means that this is a relatively undeveloped jurisdiction – and one of the metals that is present in significant quantities is uranium.

Blue Sky’s flagship property is the Amarillo Grande Uranium Project, exclusive mineral rights on a huge, 287,000 hectare land package. In 2017; the Company has ramped up its exploration work on several of the properties included in the Amarillo Grande land package.

Stockhouse had the opportunity to check in with the President and CEO of Blue Sky Uranium, Nikos Cacos. We asked him to share his thoughts on BSK’s rising share price, improving conditions in the uranium sector, and the Company’s progress in developing Amarillo Grande.

1. Looking back on 2017; in March, Blue Sky reported proceeds of $3 million from the exercising of warrants. Do you see that as a vote of confidence in the Company?

Most definitely this was a vote of confidence. We have proven to the shareholders that we understand this structure and are now fast tracking a resource estimate expected early in the new year.

2 At the end of March, BSK reported its first drilling results, from the Ivana target at Amarillo Grande. Please discuss those results.

The Ivana target has grown to be a much larger and more important target than initially thought. Drilling has discovered a higher grade zone over a very significant width which has been a real game changer. We are confident that the resource calculation that is underway will exceed all our expectations.

Furthermore, a second target to the north, the Anit target has been another pleasant surprise. Our drilling at Anit (see News Release dated September 18, 2017) with data from previous sampling programs carried out by the Company has led to the delineation of a significant area of vanadium mineralization, covering a much larger area than the previously defined uranium mineralized zone (see Figure 1: https://www.blueskyuranium.com/assets/news/2017-11-08-nrm1-bsk-h8nb22.pdf).

The current market interest in vanadium as a component of storage batteries for renewable energy has helped spur a significant price increase over the last year. These results confirm the regional potential of Amarillo Grande where two significant uranium-vanadium discoveries have been made by the Company. Amarillo Grande covers a one hundred and forty kilometre trend where there is potential for many more discoveries.

3. The Company has issued several subsequent press releases on further drilling at Amarillo Grande. What were the highlights of this additional work?

Mineralization identified to date at Amarillo Grande has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type deposit is significant because most of the uranium being currently produced economically comes from these types of deposits. Amarillo Grande has the potential to host multiple deposits and develop into a district size uranium-vanadium region.

4. What is the significance of the “new uranium-vanadium discovery” that Blue Sky reported in September?

Vanadium is traditionally used as a hardening additive in steel manufacturing. More recently, vanadium has become the main constituent of vanadium redox flow storage batteries. Storage batteries are a key component in the sustainability of renewable, but intermittent, energy sources such as wind and solar, which are expected to see increasing future market share[i]. The current market supply of vanadium is mainly from China, where supply reportedly tightened in the last year. These and other factors have resulted in prices of Vanadium surging over the past year.

Vanadium, with the current increase in price because of its use in steel manufacturing and in batteries, could have a significant positive effect on the economics of the Amarillo Grande project.

Das vollständige Interview können Sie unter dem folgenden Link finden: LINK

Der Beitrag Der CEO von Blue Sky Uranium (Nikos Cacos) im Gespräch mit Stockhouse erschien zuerst auf uranaktien.info.

22.12.2017

TORONTO, Dec. 22, 2017 (GLOBE NEWSWIRE) — Silvermet Inc. (“Silvermet”) (TSXV:SYI) is pleased to announce the completion of its previously announced amalgamation (the “Amalgamation”) with Global Atomic Fuels Corporation (“Global Atomic”) and the subsequent consolidation of share capital (the “Consolidation”) and name change of Silvermet, all as approved at the Annual & Special Meetings of Shareholders of Global Atomic and Silvermet held September 29, 2017 (collectively, the “Transaction”).

Immediately prior to the Amalgamation, Global Atomic completed a concurrent financing of $1.459 million through the issuance and sale of a total of 5,836,000 Global Atomic units under a brokered private placement offering (the “Concurrent Financing”) led by Cantor Fitzgerald Canada Corporation (“Cantor Fitzgerald”). Units were priced at $0.25 and consisted of one common share of Global Atomic (a “Global Share”) and one-half of one common share purchase warrant of Global Atomic exercisable at $0.50 per whole warrant (a “Global Warrant”) for a period of 18 months following closing of the Transaction. Unit pricing is equivalent to $0.116 per Silvermet common share on a pre-Consolidation basis.

In accordance with the terms of the Amalgamation, Global Atomic shareholders (other than Silvermet, whose Global Shares were cancelled pursuant to the Amalgamation) received 2.147 pre-Consolidation common shares of Silvermet for each Global Share held (the “Exchange Ratio”). Of the total 154,608,564 Silvermet common shares issued to Global Atomic shareholders in accordance with the terms of the Amalgamation, 142,078,672 Silvermet common shares were issued to former Global Atomic shareholders and 12,529,892 Silvermet common shares were issued to new Global Atomic shareholders who purchased Global Shares in the Concurrent Financing.

Under the Concurrent Financing, 2,918,000 Global Warrants were issued, which, pursuant to the Amalgamation, were exchanged for 6,264,946 Silvermet warrants exercisable at $0.233 per Silvermet common share on a pre-Consolidation basis. The previously outstanding 3,709,337 Global Atomic warrants (“Global Existing Warrants”) were converted to 7,963,947 pre-Consolidation Silvermet warrants based on the Exchange Ratio, exercisable at $0.737 per Silvermet common share on a pre-Consolidation basis for a period of 24 months from the first day of trading following the closing of the Transaction.

Prior to the Amalgamation, there were 142,104,716 Silvermet common shares outstanding. Upon completion of the Amalgamation, including the completion of the Concurrent Financing, there were 296,713,280 Silvermet common shares outstanding on a pre-Consolidation basis. Immediately following the completion of the Amalgamation, Silvermet effected a name change and is now legally known as “Global Atomic Corporation” and will trade on the TSX Venture Exchange under the stock symbol “GLO”. Immediately following the Amalgamation, Silvermet also completed the Consolidation on a 2.75:1 basis (the “Consolidation Ratio”), resulting in 107,895,738 common shares of Silvermet currently issued and outstanding, of which 51,664,972 are held by former Global Atomic Shareholders, 4,556,324 were issued to investors under the Concurrent Financing, and 51,674,442 are held by former Silvermet shareholders.

The Common Shares are expected to begin trading on a consolidated basis and under the Company’s new name of Global Atomic Corporation on the TSX Venture Exchange at the opening on December 27, 2017. The Company’s new trading symbol is GLO. The new CUSIP number will be 37957M106 and the ISIN number will be CA37957M1068.

For further information, please contact:

Stephen G. Roman
Chairman, President & CEO
sroman@silvermet.ca

Bitte lesen Sie die komplette Pressemeldung unter dem folgenden Link: LINK

Der Beitrag Silvermet Inc. gibt Fusion mit Global Atomic Fuels Corporation bekannt, führt Aktienkonsolidierung, Namensänderung und Privatplatzierung durch. erschien zuerst auf uranaktien.info.

09.01.2018

2017: Year of Acquisition and Preparation

VANCOUVER, CANADA

Dear Friends and Stakeholders of GoviEx Uranium Inc. (“GoviEx” or the “Company”),
As the holiday season comes to a close, we have taken time to reflect on the events that
affected GoviEx during 2017 and to share our vision for the future.

Commodity Price
The nine year bear market which took spot down from approximately US$140/lb U3O8 in 2007 seems to have turned the corner and has slowly begun to turn upwards. After an initial surge, gains in the spot uranium price remained relatively muted during 2017, trading between $20 and $21/lb U3O8 for most of the year, as inventories and excess supply weighed heavily on the price. However, the year ended with announcements of significant production cuts by major uranium producers, with an approximately one-million-pound-U3O8-per-annum production cut at AREVA’s Somair Project in Niger, followed by Cameco’s announcement to suspend production at its McArthur River Mine, the world’s largest producing uranium mine, for at least 10 months starting this month, which is expected to be a cut of approximately 15-18 million pounds of U3O8 in 2018. Kazatomprom then followed up with another production cut of approximately
28.6 million pounds of U3O8 over the next three years, adding to the 10% cut it announced at the end of 2016.

Nuclear Revival
Nuclear reactor demand, which represents the primary end use for uranium, is forecast by theWorld Nuclear Association to increase steadily to 2030 and beyond. There are estimated to be 60 reactors under construction and another 164 reactors planned to be constructed worldwide, with China leading the movement. Japan also is restarting reactors and continues to target nuclear energy as 20% of the nation’s total energy generation. Along with forecast increased demand for uranium, the announced production cuts from the major producers, as well as the uranium price being currently below the price required to incentivize new production, the Ux Consulting Company has changed their uranium market forecast from one of supply surplus to supply deficit in 2018.

Company Developments
GoviEx has one of the largest total, publicly-held, uranium Mineral Resources bases amongst its peer group and two mine-permitted projects. GoviEx has been preparing for the forecasted improvement in the condition of the uranium market by focusing on consolidating land positions accretive to our existing mine-permitted projects and reviewing technology options with the target of improving the economic potential of our projects in order to be in a better position to advance our mine-permitted projects towards a potential production decision once uranium prices increase.

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Der Beitrag GoviEx Uranium: 2017, das Jahr der Akquisitionen und Vorbereitungen erschien zuerst auf uranaktien.info.

15.01.2018

Blue Sky Expands High Grade Core of Ivana Target; and, Commences Resource Estimation at Amarillo Grande Uranium-Vanadium Project, Argentina

Vancouver, BC / Marketwired / January 15, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report that additional analytical results from the Phase II reverse circulation (RC) drilling program have expanded the higher-grade uranium mineralized corridor by a further 1 kilometre at the Ivana target on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina. In addition to the lateral expansion, infill drilling results include areas of significant grade-times-thickness (i.e. 15 holes averaging 13 metres @ 522 ppm U₃O₈), and individual results as high as > 1% (10,517 ppm) U₃O₈. The Company has engaged a team of independent qualified people (Bruce Davis Ph.D., F.AusIMM, of BD Resource Consulting Inc., Susan Lomas P.Geo of Lions Gate Geological Consulting Inc., and Jon Thorson, Ph.D., CPG) to complete a maiden resource estimate, and associated NI 43-101 Technical Report, for the Amarillo Grande project.

Highlights of drill intercepts with significant uranium mineralization include:

• 10,517 ppm U₃O₈ over 1 m
  • within 2,296 ppm U₃O₈ over 8 m, within 1,271 ppm U₃O₈ over 15 m in AGI-0247
• 8,618 ppm U₃O₈ over 2 m
  • within 2,867 ppm U₃O₈ over 8 m in AGI-0194
• 3,216 ppm U₃O₈ over 1 m
  • within 1,838 ppm U₃O₈ over 5 m in AGI-0249
• 2,480 ppm U₃O₈ over 1 m
  • within 1,423 ppm U₃O₈ over 6 m in AGI-0196
• 1,981 ppm U₃O₈ over 1 m
  • within 777 ppm U₃O₈ over 5 m in AGI-0195
• 1,143 ppm U₃O₈ over 1 m
  • within 376 ppm U₃O₈ over 6 m in AGI-0208
• 1,079 ppm U₃O₈ over 3 m
  • within 468 ppm U₃O₈ over 10 m in AGI-0209
• 1,037 ppm U₃O₈ over 1 m
  • within 773 ppm U₃O₈ over 4 m in AGI-0243
• 1,021 ppm U₃O₈ over 1 m
  • within 822 ppm U₃O₈ over 6 m in AGI-0246
• 1,002 ppm U₃O₈ over 1 m
  • within 481 ppm U₃O₈ over 4 m in AGI-0202

All holes were vertical and the intervals are believed to represent true thickness.

„These new assays significantly expand our expectations for the uranium-rich system at Ivana, the southernmost target on the 140-kilometre-long Amarillo Grande uranium-vanadium project,“ stated Nikolaos Cacos, Blue Sky President & CEO. „In just this one sector we believe that we will be able to delineate significant resources, and still have tremendous upside potential.“

The Phase II RC program was designed to include up to 3000 metres of step out and infill drilling of the higher-grade zone, with an ultimate goal of completing an initial mineral resource estimate. The positive results received to date have led to an increase in the original program, to now include up to 4,500 metres. The remaining infill program is expected to be completed by the end of January.

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Der Beitrag Blue Sky Uranium erweitert hochgradige Mineralisierung beim ‚Ivana Target‘ und beginnt mit der Ressourcenschätzung beim Amarillo Grande Uran-Vanadium-Projekt in Argentinien erschien zuerst auf uranaktien.info.

22.01.2018

Blue Sky Uranium Reports Positive Metallurgical Results from Ivana Target, Amarillo Grande Project, Argentina

Vancouver, BC / Globe Newswire / January 22, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report the initial metallurgical results for carnotite-mineralized material from the Ivana target area have yielded recoveries of more than 95% for uranium using alkaline leach processing.

„High metallurgical recovery is a key factor to support low cost uranium production from surficial deposits such as Amarillo Grande,“ stated Nikolaos Cacos, Blue Sky President & CEO. „The use of a low-cost recovery process and the ability to recover vanadium also significantly enhances the potential of a project.“

Ongoing metallurgical test work includes physical beneficiation assessments, as previously carried out on samples from the Anit target area (see Blue Sky news release dated February 7th, 2011), and initial test work on coffinite (+ uraninite) mineralized material.  The Anit preliminary beneficiation test work demonstrated that a very simple wet screening method could be utilized to reject coarse clastic material, producing a lower-mass concentrate containing a high percentage of the insitu uranium.

Study Details:

The metallurgical studies were completed on a single composite created from four samples with carnotite (a uranium-vanadium oxide) which is the most common style of mineralization found at Amarillo Grande. The composite was characterized as a fine to coarse poorly consolidated sandstone with average grade of 408ppm U3O8 and 512ppm V2O5. The alkaline leaching study was carried out using 492g of sample in 1kg leaching solution with 50 g/L Na2CO3 (sodium carbonate) and 20 g/L NaHCO3 (sodium-bicarbonate) at 80 °C with constant agitation for 8 hours. Sampling was done every hour and the uranium and vanadium content related to the initial pregnant solution were estimated. The results indicate that 95% of the uranium is leached in 2 hours and 60% of the vanadium in 3 hours, with estimated consumption of 40 kg/t sodium carbonate and 8 kg/t of sodium bicarbonate.

The studies included an assessment of uranium and vanadium adsorption by kinetic ionic interchange using Purofine PFA 600/4740 resin over time until reaching equilibrium. The „mother“ solution generated by the alkaline leaching study underwent magnetic agitation at room temperature, where the resin was activated with a 1M sodium- bicarbonate solution. The results indicate that vanadium is adsorbed faster than uranium, at 30 and 80 minutes respectively.

The study was completed by INVAP S.E. at their facilities following ISO 17025 standards, and the analytical methodologies used traceable certified standards and verified devices. INVAP S.E. is an Argentine company based in Rio Negro province, devoted to the design and construction of complex technological systems, with more than 30 years in the domestic market and more than twenty in the international scene. The company has a long track record of success for global clients in the nuclear sector.

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Der Beitrag Blue Sky Uranium meldet positive metallurgische Ergebnisse beim Ivana Target, Projekt Amarillo Grande, Argentinien erschien zuerst auf uranaktien.info.

01.02.2018

Blue Sky Uranium Drills 17 m of 1,713 ppm U3O8 including 1 m of 2.1% U3O8 near surface at the Amarillo Grande Uranium-Vanadium Project, Argentina

Vancouver, BC / Globe Newswire / February 1, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to report additional analytical results from the infill reverse circulation (RC) drilling program, including multiple high-grade uranium-mineralized intercepts near surface at the Ivana target, on its 100% owned Amarillo Grande uranium-vanadium project, in Rio Negro Province, Argentina.

Highlights of drill intercepts with significant uranium mineralization include:

• 1,713 ppm U₃O₈ over 17 m starting at 7 m depth in AGI-0286,
  • Including 20,963 ppm U₃O₈ (equal to 2.1% or 46.1 lb U₃O₈ per tonne) over 1 m,
    • within 8,792 ppm U₃O₈ over 3 m  

• 2,095 ppm U₃O₈ over 18 m starting at 4 m depth in AGI-0279,
  • Including 12,804 ppm U₃O₈ (equal to 1.3% or 28.2 lb U₃O₈ per tonne) over 1 m,
    • within 3,352 ppm U₃O₈ over 11 m

• 948 ppm U₃O₈ over 18 m starting at 4 m depth in AGI-0293,
  • Including 7,593 ppm U₃O₈ (equal to 0.8% or 16.7 lb U₃O₈ per tonne) over 1 m
    • within 1,792 ppm U₃O₈ over 9 m

• 990 ppm U₃O₈ over 15 m starting at 8 m depth in AGI-0257,
  • Including 4,504 ppm U₃O₈ (equal to 0.5% or 9.9 lb U₃O₈ per tonne) over 1 m
    • within 2,045 ppm U₃O₈ over 7 m

• 1,107 ppm U₃O₈ over 14 m starting at 7 m depth in AGI-0264,
  • Including 4,500 ppm U₃O₈ (equal to 0.4% or 9.9 lb U₃O₈ per tonne) over 1 m
    • within 1,888 ppm U₃O₈ over 8 m

All holes were vertical and the intervals are believed to represent true thickness.

„Our drilling continues to reveal high-grade uranium intercepts within poorly consolidated sediments near surface, building our understanding of the deposit and its potential,“ stated Nikolaos Cacos, Blue Sky President & CEO. „The Ivana target has the largest, highest-grade zone of uranium mineralization found at the Amarillo Grande uranium-vanadium project to date, and understanding it fully is the key to uncovering the potential of the 140-kilometre-long mineral belt controlled by Blue Sky.“

The Phase II RC program at Ivana was recently completed with a total of 4,327 metres drilled in 269 holes. This program included a 100 by 100 metre drill pattern covering the higher-grade uranium mineralized corridor which measures approximately 5,000 m in length and 200 to > 500 m in width. The infill program was designed to provide higher confidence data to complete a maiden mineral resource estimate and 43-101 Technical Report for the Ivana target.

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Der Beitrag Blue Sky Uranium bohrt 17 Meter mit 1.713 ppm U3O8 einschließlich 1 Meter mit 2.1% U3O8 oberflächennah beim Amarillo Grande Uran-Vanadium-Projekt, Argentinien erschien zuerst auf uranaktien.info.

20.02.2018

Blue Sky Uranium Announces Appointment of VP Exploration & Development and Corporate Secretary

Vancouver, BC / Globe Newswire / February 20, 2018 / Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), „Blue Sky“ or the „Company“) is pleased to announce the appointment of Guillermo Pensado to the role of Vice President, Exploration & Development and Connie Norman as Corporate Secretary.

„I am very pleased to welcome Guillermo as Vice President,“ stated Nikolaos Cacos, President & CEO. „His extensive experience in uranium exploration in Argentina and his passion and dedication make Guillermo a real asset to the Company’s executive team.“

Mr. Pensado is a professional economic geologist with more than two decades of expertise in the mineral exploration industry – with particular emphasis on uranium. He holds extensive experience in exploration and economic project assessment in Argentina, Brazil, Chile, Peru, USA and Canada, mainly focused in uranium, precious metals and copper deposits. In the last decade, Mr. Pensado has worked in the start-up of new projects and companies, and has held positions from advisor to V.P. Exploration.

Mr. Pensado is a Certified Professional Geologist in the USA, a Qualified Person for NI-43-101 in Canada, and a Professional Geologist from the Argentine Professional Geological Council. Mr. Pensado holds a B.Sc. in Geology from the University of La Plata, Argentina, and a M.Sc. in Mineral Exploration from Queen’s University, Canada. He is a member of the Society of Economic Geologists since 2000. In 2001, he was recognized with the David Money Medal Award from Queen’s University for the Top MinEx Student in the International Program. In 2016, Mr. Pensado was recognized by the Argentina Mining International Conference for his professional career in the exploration industry.

Ms. Norman is a senior corporate officer with over 18 years of experience within the public company sector providing Corporate Secretarial and Regulatory Compliance services. While her main focus has been on TSX Venture listed issuers, she has also worked with companies listed on the TSX and HKEx. Mr. Darren Urquhart, the former corporate secretary will continue in his role as Chief Financial Officer.

About the Amarillo Grande Project
This new 140-kilometre-long uranium district was first identified, staked and underwent preliminary exploration by Blue Sky from 2007 to 2012 as part of the Grosso Group’s strategy of adding alternative energy focus to its successful portfolio of metals exploration companies. The proximity of several major targets suggests that if resources are delineated a central processing facility could be utilized. The area is flat-lying, semi-arid and accessible year-round, with nearby rail, power and port access.

Mineralization identified to date at Amarillo Grande has characteristics of sandstone-type and surficial-type uranium-vanadium deposits. The sandstone-type deposit is related to a braided fluvial system comprising a potentially district-size „roll front“ system where uranium minerals occur in porous poorly-consolidated sandstones and conglomerates. In surficial-type uranium deposits, carnotite mineralization coats loosely consolidated pebbles of sandstone and conglomerates. Carnotite is amenable to leaching, and preliminary metallurgical work indicates that the mineralized material can be upgraded using a very simple wet screening method. The near-surface mineralization, ability to locally upgrade, amenability to leaching and central processing possibility suggest a potentially low-cost development scenario for a future deposit.

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Der Beitrag Blue Sky Uranium gibt Ernennung von VP Exploration & Development und Corporate Secretary bekannt erschien zuerst auf uranaktien.info.

22.02.2018

The Nuclear Industry Association of South Africa (NIASA) has today called on the country’s energy industry and the government to take a long-term view of energy planning and not be distracted by current oversupply. NIASA’s comments were in reaction to yesterday’s budget speech by Finance Minister Malusi Gigaba.

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Der Beitrag South Africa needs to plan for nuclear, says NIASA erschien zuerst auf uranaktien.info.