Nothing startling here but there is a lot of general uranium buzz right now about Fission and the PLS region, the improving outlook for uranium generally, plus what is happening (or not just yet) in Japan:
SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, continues to enjoy exceptional results from its Patterson Lake South project on the southwest rim of the Athabasca Basin.
Link to report: https://www.canadianminingjournal.com/news/uranium-fission-drilling-returns-long-and-strong-results/1002856775/
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Seeking Alpha (very long article today 'demystifying' uranium markets):
In-Depth Uranium: Fuel Cycle Technologies, Demand And Other Considerations
"A long-term outlook for uranium necessitates in-depth knowledge into the fundamental mechanics that make the uranium market function. This paper was motivated by a previous article about Cameco (CCJ), a large Canadian uranium producer. An interest in the commodity led to this analysis. This paper covers some of what uranium production and use entails, and what such factors mean for investors."
Link to full report: https://seekingalpha.com/article/1946671-in-depth-uranium-fuel-cycle-technologies-demand-and-other-considerations
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Mining web - Excerpt:
"Again over at Scotiabank, analyst Ben Isaacson takes the view that supply/demand will tighten and prices will rise. In a recent note, he plotted his view - in some detail - of uranium prices and producer shareprices assuming Japan restarts 10 reactors in the next 18 months and more thereafter. Isaacson sees contract uranium prices - down 30 percent from 2011 to around $50 a pound in recent months - climbing to $59 a pound, on average, this year and rising to $78 a pound by 2017. Spot prices, likewise, climb to $39 a pound this year and hit $70 pound in 2017.
"Without rising demand, the uranium price would likely stabilize at the current level since we are in a temporary supply-driven market," Isaacson noted. "However, our base-case demand outlook sees an incremental 34 million lb U3O8 needed annually by 2020." That's the effect of Japan restarts and new Chineses reactors coming online.
Link to report: https://www.canadianminingjournal.com/news/uranium-fission-drilling-returns-long-and-strong-results/1002856775/
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NextGen Energy Ltd.: Radio Option Agreement Extension
[NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.]
NexGen Energy Ltd. (TSX VENTURE:NXE) ("NexGen or the "Company") is pleased to announce that it has entered into a letter agreement (the "Letter Agreement") with Michael Lederhouse, Timothy Young and Matthew Mason (collectively, the "Optionors") which amends the Radio Option Agreement dated December 5, 2011, as amended (the "the Option Agreement"). Under the Letter Agreement, the amount of remaining earn-in expenditures to be incurred under the Option Agreement will be $10,000,000 and the time period for incurring such expenditures has been extended to May 31, 2017. Previously, all expenditures were required by May 31, 2015.
Link to full release: https://online.wsj.com/article/PR-CO-20140116-905472.html
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Energy Bangla
Interview with ITAR-TASS Sergey Kiriyenko, Director General of Rosatom
Small excerpt from long interview: "After the Fukushima disaster we have been able to increase our order volume two fold in the international market. And I believe that this is not the limit. We expect four commissioning in the coming year, of which former Soviet Union could not dream even."
Link to full report: https://energybangla.com/2014/01/16/21032.html
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ALDRIN WINTER EXPLORATION PROGRAM - 3,000 M DRILL PROGRAM APPROVED
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/15/14 -- Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) is pleased to announce our winter uranium exploration plans for the 12,000 hectare Triple M Uranium Property. The center-piece of the program are plans for at least 3,000 m drilling testing our priority basement conductors. These basement conductor targets are located within the southeast block ("SE block") of the Triple M Property, which covers 1984 hectares. Aldrin's SE block is located adjacent to the south boundary of Fission Uranium's PLS discovery property at Patterson Lake, in the newly prospective southwestern region of the Athabasca Basin.
Link to full release: https://www.einnews.com/pr_news/185506108/aldrin-winter-exploration-program-3-000-m-drill-program-approved
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Japan Times
The government approved Tokyo Electric Power Co.’s revised 10-year business plan Wednesday that includes its hope to restart reactors at its Kashiwazaki-Kariwa nuclear power plant in Niigata Prefecture this summer.
Link to report: https://www.einnews.com/pr_news/185506108/aldrin-winter-exploration-program-3-000-m-drill-program-approved