Unabhängiger Blog über interessante Rohstoff-Stories, spannende Wirtschafts-, Politik- und Finanzthemen, das BIG PICTURE, den Kapitalmarkt, aussichtsreiche Investments, aktuelle und brisante Themen + Trends aus der Rohstoff-, Minen- und Energiebranche, sowie über sämtliche Faktoren, die auf den spannenden Rohstoff-Markt Einfluss nehmen.
"The more I learn, the more I realize how much I don‘t know." (A.E.) | Always Do Your Own Due Diligence.
Hierzu ein aktueller Beitrag von Fission Uranium's (T.FCU) CEO Dev Randhawa:
The Pace of Japanese Restarts
Just about every month we get positive news coming out of China regarding their nuclear sector – completed reactors coming online, new construction beginning. In the same way that we’ve become used to the world’s second-largest economy powering ahead with its reactor construction boom, we’ve also become used to Japan hemorrhaging money and pumping out fossil fuel emissions with so many of its reactors still offline.
It was therefore a pleasure to read, a few days ago, that Japan’s Kyushu Electric Power Co. had restarted a nuclear reactor in the Kagoshima prefecture after the governor, who is opposed to nuclear power, admitted to the prefectural assembly that he had no legal power to prevent the restart..
POSTED ON DECEMBER 12, 2016 BY COLLIN KETTELL There’s been a lot of action in uranium the last few months- especially post US elections. Trump and team are positive on uranium, and the US is the biggest consumer of uranium in the world. Uranium Participation Corp- a proxy for the spot price of uranium, began trading at a premium just two weeks ago, which typically happens when bullish sentiment enters the market. On December 6th, we put out a call that the stocks had bottomed. Spot uranium has since moved up for the first time in several months..
Seit der Fukushima-Katastrophe haben Uranaktien im Schnitt mehr als 85% an Wert verloren und notieren heute auf einem 10-Jahrestief. Im Verhältnis zu allen anderen Anlageklassen und dem Uranpreis notieren Uranaktien auf historischen Tiefständen.
Der gesamte Markt der Uranaktien ist nur noch wenige Milliarden USD wert. Selbst Markt- und Kostenführer Cameco, der für rund 18% der globalen Uranproduktion aufkommt, kommt nur noch auf einen Börsenwert von 3,6 Mrd. USD.
Seit Anfang 2016 hat im Gesamtbild eine Stabilisierung auf extrem niedrigen Niveau begonnen. Antizyklische Investoren sollten nun ein Auge auf Uranaktien werfen. Bei einer Trendwende kann es so schnell gehen wie bei den Goldminen..
Hinkley Point ist nicht nur das größte Nuklearprojekt, sondern jetzt auch das größte Energieprojekt in Europa. Es wird bei Vollauslastung in Zukunft rund 7% des britischen Energiebedarfs decken können..
Hinter der neuen Story von Advantage Lithium (V.AAL) steckt das Führungs- und Gründungsteam von Fission Uranium (T.FCU). Advantage gibt diese Woche eine weitere Finanzierung über 5 Mio. CAD bekannt. Das frische Kapital soll in die Lithium-Exploration auf den Nevada-Projekten investiert werden soll. Darüber hinaus visiert Advantage möglicherweise weitere Akquisitionen an..
2016-09-06 10:31 ET - News Release - Mr. David Sidoo reports
ADVANTAGE LITHIUM ANNOUNCES NON-BROKERED FINANCING TO RAISE $5,040,000
Advantage Lithium Corp. will undertake a non-brokered private-placement financing of up to 8.4 million units at a price of 60 cents per unit to raise gross proceeds of up to $5.04-million. Each unit comprises one common share and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share for a term of two years from the closing date at a price of 75 cents per share. Finders' fees will be payable on a portion of the private placement. All securities issued will be subject to a four-month hold period from the date of closing.
David Sidoo, president, said: "The company continues to make strong and rapid progress, most recently closing the agreement on the lithium brine projects in Nevada and announcing a drill program at Clayton Valley Northeast, immediately adjacent to Albemarle. We have a clear goal to build shareholder value through strategic acquisitions and the drill bit, and this financing will provide us with the additional working capital required to aggressively pursue our objectives."
FISSION HITS MULTIPLE HIGH-GRADE HOLES AT BOTH ENDS OF 2.58KM TREND
Drilling Expands R840W and R1620E Zones with Shallow, High-Grade Holes
KELOWNA, BRITISH COLUMBIA--(Marketwired - Aug. 2, 2016) - FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from nine holes at its award-winning PLS project..
Dem erfolgreichen Uran-Explorer Fission Uranium (T.FCU) ist es gelungen, eine neue Uran-Discovery im kanadischen Athabasca Basin zu erzielen.
Im Rahmen des regionalen Bohrprogramms auf Fission's PLS-Liegenschaften, ist die Firma gleich in 3 neuen Regionen auf bedeutende Uran-Mineralisierungen gestoßen: Forest Lake, im Westen von R840W und ebenfalls zwischen R00E und R600W. Auf der Karte unten können Sie die Lokalisierung der Bohrungen einsehen.
Der Forest Lake Conductor Korridor liegt dabei Richtung Süden mehr als 7km von der einstigen PLS-Discovery (Triple R) entfernt. So stehen die Chancen gut, dass Fission die möglichen Uran-Ressourcen erheblich in Zukunft steigern kann. Noch sind nur Bruchteile der riesigen PLS-Liegenschaften intensiv exploriert worden.
Kein Wunder, dass COO und Präsident Ross McElroy mit den aktuellen Fortschritten äußerst zufrieden ist: ".."This is a successful end to the 2016 Winter program and we are particularly pleased with our latest exploration drilling: we have very promising results on the Forest Lake area over 7km south of the Triple R and also to the west of this winter's new R840W zone as well as in the gap between the Triple R deposit and the R600W zone. These results follow exploration activity earlier in the program which delivered a new land-based, high-grade zone at R840W, transformed R1620E into a high-grade zone and expanded the mineralized trend at PLS to 2.58km. All three of the new areas will require further drilling as follow up. Our resource drilling has been similarly successful and we now have three high-grade zones that have potential to be added to the Triple R resource..."
Der solide finanzierte Projektentwickler und Explorerlegte die Ergebnisse von 4 neuen Bohrlöchern vor, die alle auf Uran-Mineralisierung trafen. Eine 45 Meter entfernte Expansionsbohrung war dabei erneut erfolgreich, was für sich spricht.
Durch die jüngsten Bohrerfolge ist es Fission nun gelungen, den mineralisierten Trend auf PLS Richtung Westen auf satte 2,58km zu erweitern. Das sind hervorragende Fortschritte und unterstreichen einmal mehr die klasse Arbeit des Geologen- und Explorationsteams.
Fission's COO, Präsident und Chef-Geologe Ross McElroy ist mit den Entwicklungen sehr zufrieden: ".."With yet another successful 45m step-out, the R840W zone is growing rapidly to the west. This bodes well for the eventual size of this high-grade, near-surface zone as well as for the continued blue sky exploration potential of PLS and speaks volumes for the skill of our technical team.."
Im 3. Quartal 2016 visiert Fission ein Update der Ressourcen-Schätzung an. Zahleiche weitere Explorationsnews werden in den nächsten Wochen erwartet..
Quelle: fissionuranium.com
Quelle: fissionuranium.com
Quote:
FISSION INCREASES PLS MINERALIZED STRIKE LENGTH TO 2.58 KM; GROWS 3 ZONES Exploration drilling at new R840W zone delivers more high-grade growth with 45m step out
KELOWNA, BRITISH COLUMBIA--(Marketwired - March 21, 2016) -FISSION URANIUM CORP. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission" or "the Company") is pleased to announce results from four holes at its PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region: two holes drilled on the R840W zone, one drilled on the R780E zone and one on the R1620E zone. Of key importance, hole PLS16-479 (line 960W), a 45m step out to the west of the fast-growing, shallow and high-grade R840W zone, has hit 41.0m total composite mineralization, including 4.79m of total composite >10,000 cps. All four holes were mineralized.
The mineralized trend at PLS, which includes the Triple R deposit, is one of the largest footprints in the Athabasca Basin region and has a new expanded strike length of 2.58km. The Triple R deposit, on which a resource estimate and PEA study were conducted in 2015, occupies approximately 1.05 km of this very large mineralized trend and the remaining 1.53 km comprises 3 other mineralized zones (R840W, R600W and R1620E) with gaps generally represented by very little drilling between them.
Of further importance, the R1620E zone, which lies at the easternmost end of the PLS mineralized trend, has another strongly mineralized hole with PLS16-481 (line 1515E) intercepting 35.5m total composite mineralization, including 0.17m of >10,000 cps.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented:
"With yet another successful 45m step-out, the R840W zone is growing rapidly to the west. This bodes well for the eventual size of this high-grade, near-surface zone as well as for the continued blue sky exploration potential of PLS and speaks volumes for the skill of our technical team."
Der erfolgreichste Explorer im renommierten Athabasca Basin schreitet an der Drilling-Front weiter erfolgreich voran. Fission Uranium's (T.FCU) jüngste high-grade Bohrergebnisse auf PLSkönnen sich einmal mehr sehen lassen..
Fission Expands R600W, R780E and R1620E Zones With High-Grade Hits
Winter Program Successfully Expands High-Grade Mineralization East and West of Triple R Deposit
KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 16, 2016) -FISSION URANIUM CORP. (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU)("Fission" or "the Company") is pleased to announce results from eleven holes at its' PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region: seven holes drilled on the R600W zone, three drilled on the R780E zone and one on the R1620E. Of key importance,Hole PLS16-460, drilled on the R1620E zone (line 1500E) 300m east of the Triple R deposit, has intersected 8.04m of total composite mineralization of >10,000 cps radioactivity in a continuous 50.0m wide mineralized zone that starts at the shallow depth of 65.5m depth. Not only is this by far the strongest mineralization drilled to date on the R1620E zone but additionally it is the strongest mineralization east of line 1125E (R780E zone) 375m further to the west. Hole PLS16-460 significantly upgrades the R1620E Zone.
All eleven holes were mineralized, with eight returning high-grade intervals. The high-grade R600W zone, the high-grade R1620E zone and the newly discovered High-Grade R840W zone have yet to be added to the Triple R deposit resource estimate.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"With the recent discovery of high-grade mineralization in PLS16-445 on the R840W zone (see NR February 01, 2016) and now the discovery of high-grade mineralization 2.34km to the east on the R1620E zone (PLS16-460) drilling this winter at PLS has shown the upside blue-sky potential that exists. The shallow depth of mineralization in PLS16-460, starting at just 65.5m below surface, is a hallmark of the 2.47km long mineralized trend at PLS and is a continued reminder of just how much PLS and the Triple R differs from other discoveries and deposits in the Athabasca Basin. Neither the R600W, the R840W zone nor the R1620E zone have been added to the Triple R deposit resource estimate so the team is very excited to see this high-grade growth."
Wie erwartet vergrößert der erfolgreiche Explorer Fission Uranium (T.FCU) sein Bohrprogramm für die jüngste Uran-Discovery im renommierten Athabasca Basin:
Fission's New R840W Zone to Receive Expanded Drill Program
1200m of additional drilling to follow up high-grade area west of R600W
KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) -FISSION URANIUM CORP. ("Fission" or "the Company") (TSX:FCU) (OTCQX:FCUUF) (FRANKFURT:2FU) is pleased to announce it will increase the size and budget of the winter drill program to account for additional drilling around the newly discovered R840W zone at its' PLS property, host to the Triple R deposit, in Canada's Athabasca Basin region. An additional $740,000 budgeted for 1,200m in four holes is planned to test the R840W.
Four additional close-spaced angled drill holes are planned to test for lateral and vertical continuation of the broad mineralized zone encountered in exploration hole PLS16-445 drilled on line 840W, located 135m west of the R600W zone. That drill hole intersected a 42.0m wide mineralized zone, including a continuous 2.0m interval measuring >10,000 cps radioactivity (see NR dated Feb 1, 2016).
1 hole will test 15m along strike to the west on line 855W
1 hole will test 15m along strike to the east on line 825W
1 hole will test 20m up-dip on line 840W
1 hole will test 20m down-dip on line 840W
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
"The R840W zone was discovered using similar methods to those that led to the R600W zone: applying the team's greater knowledge of PLS geology to areas that were drill tested early during the PLS project. It is strong reminder of the continued prospectivity of PLS that, with the first hole of the latest program, we have already identified this new high-grade area and are in a position to test it further."
Pre-discovery drilling on the Patterson Lake Corridor intersected numerous areas of interest and ultimately led to the R600W and now the R840W zones. More areas of interest identified during early exploration drilling remain to be followed up..
McArthur River prior to entering production around 1998. Doug Beattie is pictured at the front.
Canada’s Athabasca Basin is arguably the best place to look for uranium in the world, and it’s the backyard of Cameco, the world’s largest producer.
A few small exploration companies have been able to find and delineate uranium deposits there and make money for shareholders by selling them to majors such as Cameco.
CEO.CA has covered some of the leading successes in the region of the last five years, including Hathor Exploration, Alpha Minerals, Fission Uranium and lately, NexGen Energy..
Sehr spannende Debatte im Town Hall Meeting von Fission Uranium (TSX:FCU) und Denison Mines (NYE:DNN)in Vancouver diese Woche. Nach wie vor ist es unsicher, ob der Merger-Dealdurchgeht. Die zwei Chefs müssen gerade mächtig Gas geben, um die Aktionäre überzeugen zu können..
Vor kurzer Zeit gaben die Junior-Miner Fission Uranium (TSX:FCU) und Denison Mines (NYE:DNN) einen freundlichen Zusammenschluss bekannt, welcher natürlich im globalen Uran-Business für großes Aufsehen sorgte und heiß diskutiert wurde..
Vor kurzer Zeit gaben die Junior-Miner Fission Uranium (TSX:FCU) und Denison Mines(NYE:DNN) einen freundlichen Zusammenschluss bekannt, welcher natürlich im globalen Uran-Business für großes Aufsehen sorgte und heiß diskutiert wurde.
Die wichtigsten Vorteile des Mergers (mit Denison)für Fission sind in meinen Augen:
- Es ist kein Verkauf, sondern ein wirklicher Zusammenschluss. Das muss man sich bei diesem Deal genau verinnerlichen.
- Anreiz "Bigger is better" im Hinblick auf die Signifikanz der neuen Uran-Story in der globalen Uran-Industrie. Kombinierte Marktkapitalisierung wird bei über 700 Mio. CAD liegen, wodurch ein wirklich relevanter Spieler im Uran-Business entsteht: "This merger will create the uranium industry's leading exploration and development company."
- NYSE-Lisiting.
- Signifikante Verbesserung der Aktionärs-Struktur, starke Zunahme von institutionellen Investoren.
- Neuer Top-Player nach den Uran-Majors Cameco, AREVA und Rio Tinto im renommierten Athabasca Basin, der profitabelsten Förder-Region weltweit mit den mit Abstand höchsten Uran-Gehalten.
- Verbindung von Uran-Assets mit einer besonders hohen Qualität und sehr guten Zukunfts-Aussichten.
- Fission's Management erhält einen signifikanten Einfluss auf das neue Unternehmen. Dev Randhawa wird CEO der neuen Firma, Ross McElroy übernimmt den COO- und & Präsidenten-Posten. Der legendäre Mining-Investor Lukas Lundin wird der Chairman. So wächst auch gewiss die Reputation der Verantwortlichen bei Fission weiter. Denn ein intensives Business zusammen mit Lukas Lundin, einem der besten Manager und Investoren der globalen Minenbranche aller Zeiten, spricht ja für sich.
- Nutzung von Cashflow aus dem Business von Denison Mines. Fission wird nicht mehr massiv verwässern müssen.
- Die Mühle von Denison ist bedeutend.
- Massives Explorations- und Discovery-Potential bleibt bestehen und kann nun noch aggressiver angegangen werden.
- Fortsetzung der typischen Asset-Konsolidierung im Junior-Mining-Sektor, die hier gewiss in vielen Bereichen Sinn macht. Konstruktive Synergien können bspw. bei den Drilling-Kosten gewonnen werden, die alles andere als günstig im Athabasca Basin sind.
- Schutz vor einer feindlichen Übernahme.
- Solider Übernahme-Kandidat in Zukunft. Die neue Uran-Company wird von Cameco, Rio Tinto und AREVA mit Sicherheit sehr genau beobachtet werden.
Natürlich gibt es wie immer auch einige Nachteile bei einem solchen Deal. Zum Beispiel ist die Verwässerung sehr hoch und begrenzt natürlich das Performance-Potential in Zukunft. Ein weiterer Re-Split könnte in Zukunft kommen. Daneben stellt sich das Merger-Timing als diskutabel dar.
Die lesenswerten Kommentare der Hauptverantwortlichen:
Ron Hochstein, Executive Chairman of Denison, commented: "The continued exploration success at our Phoenix deposit and Gryphon discovery, in combination with the discovery and exploration success of the world class Triple R deposit puts the combined company in an incredibly strong strategic position, with the most significant development portfolio in the world. We are confident that our shareholders will benefit from the value creation opportunities that will be realized through an expanded and more diversified uranium company."
Dev Randhawa, Chairman & CEO of Fission, stated: "This merger will create the uranium industry's leading exploration and development company at a time when the sector is poised for growth. Denison has a strong, diversified portfolio and, with the Triple R deposit, Fission is bringing the Athabasca Basin's largest undeveloped high-grade resource as well as a successful and award-winning technical and management team."
Kommentar von Analyst Rob Chang bei Cantor Fritzgerald: "..The combined company will be appealing to acquirers that are looking to sweep up a large portfolio of quality assets in the Athabasca Basin. Moreover, the combined company will sport a larger valuation that will be more attractive to institutional investors with minimum market capitalization constraints. On the other hand, the merger does not seem to have many obvious synergies as DML’s eastern Athabasca assets and FCU’s western basin assets are too far apart to share many costs meaningfully.."
Top-Deal für CA:DML - vor allem long-term. Nicht so der "Hammer Deal" für CA:FCU. Sehr gut für CA:NXE. Und natürlich exzellent für Mr. Lukas Lundin:
Denison and Fission Announce Transaction to Create Leading Diversified Uranium Company
TORONTO, ONTARIO--(Marketwired - July 6, 2015) -Denison Mines Corp. (TSX:DML)(NYSE MKT:DNN) ("Denison") and Fission Uranium Corp. (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) ("Fission") are pleased to announce the execution of a Binding Letter Agreement (the "Binding Agreement") to combine their respective businesses (the "Transaction"). The Transaction creates a leading Canadian focused diversified uranium company - combining high quality assets and the management teams of two highly respected companies. Headlining the asset portfolio of the combined company will be two world class uranium exploration and development projects: Fission's 100% owned Patterson Lake South Project, and Denison's 60% owned Wheeler River Project, both located in the prolific Athabasca Basin, in Northern Saskatchewan, Canada.
Subject to the terms set out in the Binding Agreement, Fission common shareholders will receive 1.26 common shares of Denison for each common share of Fission held plus $0.0001 per share in cash. Upon completion of the Transaction, the combined company, to be named "Denison Energy Corp.", will be approximately 50% owned by each of Denison's and Fission's existing shareholders on a fully-diluted in-the-money basis. The market capitalization of Denison and Fission on a combined basis is anticipated to be approximately CAD$900 million. Based on the 30 day volume weighted average price of Denison's shares on the TSX of CAD$0.99 as at July 3, 2015, the offer implies a price per Fission common share of CAD$1.25 and represents a premium of approximately 18% to the 30 day volume weighted average price of Fission's shares on the TSX of CAD$1.06 as at July 3, 2015.
Ron Hochstein, Executive Chairman of Denison, commented: "The continued exploration success at our Phoenix deposit and Gryphon discovery, in combination with the discovery and exploration success of the world class Triple R deposit puts the combined company in an incredibly strong strategic position, with the most significant development portfolio in the world. We are confident that our shareholders will benefit from the value creation opportunities that will be realized through an expanded and more diversified uranium company."
Dev Randhawa, Chairman & CEO of Fission, stated: "This merger will create the uranium industry's leading exploration and development company at a time when the sector is poised for growth. Denison has a strong, diversified portfolio and, with the Triple R deposit, Fission is bringing the Athabasca Basin's largest undeveloped high-grade resource as well as a successful and award-winning technical and management team."
Transaction Highlights
Consolidation of Strategic Uranium Assets: An unrivaled portfolio of strategic uranium asset interests in the Athabasca Basin, headlined by Fission's 100% owned PLS Project and Denison's 60% owned Wheeler River Project and including Denison's interests in the Midwest, McClean Lake, Waterbury Lake, Mann Lake, and Wolly projects, as well as Denison's strategic 22.5% ownership interest in the McClean Lake Mill;
Continued Exploration Potential: Exploration foothold in both the historically prolific Eastern Athabasca Basin and the emergent Western Athabasca Basin, with a dominant combined land package of over 430,000 hectares and a sizeable base of mineral resources defined under NI 43-101, providing the foundation for future resource growth.
Free Cash Flows: The toll-milling of ore from the Cigar Lake mine under a toll milling agreement between the McClean Lake Joint Venture and the Cigar Lake Joint Venture and management fees from Uranium Participation Corporation are expected to provide the combined company with a source of cash in the future to fund its activities;
Complimentary Combined Management Team: Management from Fission and Denison will be combined, offering expertise and skill in the uranium industry and mergers and acquisitions, as well as the proven ability to finance ambitious exploration programs and successfully explore and develop uranium mining projects;
Increased Liquidity: Increased scale is expected to enhance trading liquidity and access to global capital markets; and
Valuation Upside: Various monetization options in respect of Denison's African exploration and development portfolio, including the Falea project in Mali and the Mutanga project in Zambia, are being considered by the combined company and may be pursued when market conditions permit.
Management Team and Board of Directors
The senior executive team and the Board of Directors of the combined company will draw from the extensive experience and expertise of both companies. Mr. Lukas Lundin will become non-executive Chairman and Mr. Dev Randhawa will become the Chief Executive Officer of the combined company. Mr. Ross McElroy will be appointed President & Chief Operating Officer, and Mr. David Cates will become Chief Financial Officer. The Board of Directors will be comprised of ten directors: five of whom currently serve as directors of Denison and five of which will be appointed from the Board of Directors of Fission..
Der erfolgreiche Uran-Explorer NexGen Energy (TSX-V:NXE) publiziert heute ein wahres Weltklasse Bohrloch, das bis dato der beste Treffer der Unternehmens-Geschichte ist und allgemein eines der besten Bohrresultate, die jemals im renommierten Athabasca Basin erzielt wurden. Respekt! Der Aktienkurs setzt zurecht seinen Höhenflug fort..
AR-15-44b showcases Arrow as a world-class discovery resulting in a total composite grade thickness (“GT”) of 853.55; 56.5 m at 11.55% U3O8 (499.5 to 556.0 m) including 20.0 m at 20.68% U3O8 (499.5 to 519.5 m) and 1.0 m at 70.00% U3O8 (503.0 to 504.0 m); The most continually mineralized intersection at the Arrow zone to date with a GT of 654.78 ranking it as one of the top drill holes ever in uranium exploration; Located on the current south western edge of the high grade core zones of A2 and A3 shears (see Figures 2 and 3). Summer drilling to step out further to the untested south west; The Arrow zone is currently 515m by 215m with the vertical extent of mineralization commencing from 100m and extending down to 920m, and is open in all directions (a 90 second 3D video of Arrow generated from Leapfrog is available for viewing on the Company website); Two of five rigs of the 25,000m $9 Million summer drill program commenced June 8, 2015; The Company is well financed with working capital of $30 Million.
Garrett Ainsworth, NexGen’s Vice-President, Exploration and Development, commented “This worldclass result from AR-15-44b will add substantial size to the rapidly developing Arrow zone. When increasing the internal dilution from 2.0 m to 4.5 m, this drill hole returns a total composite interval of 168.5 m at 5.00% U3O8 (455.5 to 624.0 m) representing an estimated true thickness of 43.6 m with only 1.2 m of estimated true thickness internal dilution. The summer 2015 drill program is now underway, and the technical team is excited to continue delineating and expanding the high grade Arrow zone, together with testing the high priority regional geophysical targets.”
Leigh Curyer, CEO commented, “AR-15-44b represents a landmark hole and places Arrow into an exclusive class of uranium discoveries on the global stage. Intersecting extensive and high grade mineralization of this magnitude on the south western edge of the current known mineralized zone at Arrow has opened up the potential size and scale of the project to a whole new level. The success rate at Arrow is a result of the diligent work of the technical team led by Garrett Ainsworth and is a credit to all involved”.
NexGen Energy: Aufstrebende Uran-Discovery im weltklasse Athabasca Becken in Kanada Trotz sehr anspruchsvoller Lage im Uran-Sektor, schreiten ein paar Uran-Juniors signifikant voran und heben sich von der Masse ab. Herausragende Discoveries ziehen eben auch in einem Bärenmarkt..
China’s growing nuclear program has the country on the hunt for uranium acquisitions, and Canadian companies could be on the list.
The head of China National Nuclear Corp. (CNNC), Wang Ying, said earlier this month that China is looking for companies with large deposits and low costs to meet domestic demand. The acquisition criteria he outlined includes companies that have at least 30,000 tonnes of uranium resource, cash production no higher than US$25 a pound and total production costs of no more than US$45 a pound.
Rob Chang, analyst and head of metal and mining at Cantor Fitzgerald, said that four projects in Canada could immediately fall under China’s radar based on the criteria.
One would be Fission Uranium Corp.’s Patterson Lake South project, which meets the criteria for size, but whose costs haven’t been finalized yet. Cameco Corp.’s Millennium deposit falls just short on size, but its costs are likely in range. UEX Corp.’s Shea Creek deposit meets the size criteria, though costs haven’t yet been determined. Finally, Rio Tinto Canada Uranium Corp.’s Roughrider project could also attract attention, since it’s the right size and its costs are likely in range.
Those projects make their companies stand out for immediate investment from China, but Chang points out that CNNC has said acquisitions would take place on a five-year timeline, which means additional projects could get China’s attention. These include NexGen Energy Ltd.’s Arrow project, Kivalliq Energy Corp.’s Angilak deposit, Denison Mines Corp.’s Wheeler River Project and Areva’s Midwest project.
