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IsoEnergy Initiates Bulk Sample Program at the Tony M Uranium Mine in Utah, a Key Step Toward a Potential Restart Decision
Prnewswire· 2026-01-07 12:00
Core Viewpoint - IsoEnergy Ltd. is initiating a bulk sample program at its Tony M uranium mine in Utah to gather essential data for a potential production restart, capitalizing on the increasing demand for domestic uranium supply in the U.S. [1][3] Group 1: Bulk Sample Program Details - The bulk sample program will extract up to 2,000 tons of mineralized material over a 12-14 week period, starting in late December 2025, using contract mining services from GenX Mining Contractors, LLC [2][3] - The extracted material will be processed at the White Mesa Mill in Utah, owned by Energy Fuels Inc., which eliminates the need for new mill construction and reduces capital intensity [8][9] Group 2: Strategic Importance - IsoEnergy views the Tony M mine as a unique opportunity to advance a fully permitted uranium mine towards restart without extensive new construction or permitting, aligning with U.S. federal initiatives to enhance energy security [3][6] - The bulk sample is a critical step in defining the scope and economics of a future production plan, which may include detailed mine planning and assessing the timing of a potential production decision [4][6] Group 3: Recent Initiatives and Economic Profile - In 2025, IsoEnergy reduced the uranium production royalty on the Utah Trust Lands Administration lease from 8% to 3%, and conducted tests that demonstrated over 90% recovery of uranium from mineralized material [9] - Enhanced evaporation studies have shown that Landshark evaporators can eliminate the need for evaporation-pond expansion, thus reducing permitting timelines and capital requirements [9] Group 4: Mineral Resource Estimates - The current mineral resource estimate for the Tony M mine includes 1,185,000 short tons of indicated resources at a grade of 0.28% eU3O8, containing approximately 6,606,000 pounds of eU3O8 [11]
Oklo shares advance on US commitment to uranium enrichment
Proactiveinvestors NA· 2026-01-06 16:47
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Noble Plains Uranium Extends Consistent Mineralization at Duck Creek Project in Wyoming
TMX Newsfile· 2026-01-06 13:30
Core Insights - Noble Plains Uranium Corp. has announced the completion of twenty additional drill holes at its Duck Creek Project, demonstrating strong mineralization and supporting the advancement towards a compliant uranium resource in 2026 [1][2]. Drill Results - The latest drill results show significant mineralization, with notable intersections including: - Hole 25-28-047: 17.5 feet of 0.072% eU3O8, including 6.0 feet of 0.142% eU3O8 - Hole 25-21-053: 22.5 feet of 0.063% eU3O8, including 4.0 feet of 0.201% eU3O8 - Hole 25-21-058: 22.0 feet of 0.051% eU3O8, including 3.0 feet of 0.118% eU3O8 - Hole 25-21-059: 8.0 feet of 0.165% eU3O8, including 3.0 feet of 0.136% eU3O8 [2][3]. Geological Model and Resource Estimation - The drilling program has covered a strike length of approximately 1.5 kilometers (0.93 miles) and is maintaining a Grade-Thickness (GT) of 17% better than the higher end of the Exploration Target range outlined in the Duck Creek NI43-101 report [6]. - The exploration target ranges from 2.37 million tons at 0.03% U₃O₈ to 5.45 million tons at 0.05% U₃O₈, based on GT values of 0.2 and 0.598 respectively [6]. Drilling Program Objectives - The ongoing drill program is structured around three key objectives: 1. Confirmation of historic data through 16 holes 2. Expansion of shallow mineralization with approximately 130 holes 3. First-ever drilling of the Fort Union Formation with 10 holes [8][10][12]. Market Context - The uranium market is tightening, with increasing long-term contracting and spot prices, making projects that demonstrate scale and continuity more valuable [5][6]. Future Outlook - Noble Plains will continue to report results in batches as the drilling program progresses, with expectations of advancing towards its first compliant uranium resource [14].
CanAlaska Plans Large 2026 Exploration Program at West McArthur Joint Venture
TMX Newsfile· 2026-01-06 12:30
Core Insights - CanAlaska Uranium Ltd. is initiating a $15 million exploration program in 2026 to further investigate the high-grade Pike Zone at the West McArthur Joint Venture project in the Athabasca Basin [1][11] - The program will be co-funded by Cameco Corporation and CanAlaska, with a focus on expanding the known mineralization footprint and exploring additional zones of uranium mineralization [1][11] Exploration Program Details - The 2026 exploration program will utilize three drill rigs to conduct step-out drilling from the Pike Zone, targeting areas to the southwest and northeast along the C10S trend [4][10] - The 2025 exploration program successfully expanded the high-grade footprint of the Pike Zone, with significant drill results including 8.6 meters at 34.59% U3O8 and 14.8 meters at 14.71% U3O8 [2][11] - The mineralized footprint of the Pike Zone has been traced over 500 meters, with a 140-meter-long high-grade pod identified [2] Target Areas and Potential - The C10S trend remains largely untested, with approximately 9 kilometers of untested target corridor to the southwest and 6 kilometers to the northeast, indicating significant potential for additional high-grade uranium discoveries [5][6][7] - A ground-based electromagnetic survey will be conducted to investigate the extension of the Epp Lake conductor onto the West McArthur Project, utilizing a modern survey design that previously led to the discovery of the Pike Zone [8] Company Overview - CanAlaska Uranium is a prominent explorer of uranium in the Athabasca Basin, holding approximately 500,000 hectares of uranium properties with a focus on high-grade uranium expansion [12] - The company is fully financed for the upcoming 2026 drill season and aims to advance uranium deposit discovery and delineation in a secure jurisdiction [12]
Atomic Minerals Enters into Investor Relations Agreement with Lagace Capital Corporation
TMX Newsfile· 2026-01-06 06:46
Core Viewpoint - Atomic Minerals Corporation has engaged Lagace Capital Corporation for investor relations services to enhance communication with the investment community and manage shareholder inquiries regarding recent developments [1][3]. Group 1: Engagement Details - Lagace Capital Corporation will provide services for an initial one-year term starting January 1, 2026, with a month-to-month continuation option thereafter [3]. - Lagace will receive a monthly cash fee of $6,000 and 200,000 vested stock options at $0.10 per common share, valid for five years [3]. Group 2: Company Overview - Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange under the symbol ATOM, focusing on identifying exploration opportunities in underexplored regions with geological similarities to areas with previous uranium discoveries [5]. - The company’s property portfolio includes uranium projects in three North American locations, with significant technical merit and historical uranium production [6]. - The Colorado Plateau properties have previously produced 597 million pounds of U3O8, while additional projects are located in the Athabasca Basin and Northern Saskatchewan, covering a total exploration area of 6,495 hectares [6].
Purepoint Uranium Announces Grant of Options and Restricted Share Units
TMX Newsfile· 2026-01-05 22:00
Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") approved the issuance of 1,223,600 restricted share units ("RSUs") to its directors and officers and a total of 230,000 options (the "Options") to certain of its employees pursuant to the Company's Omnibus Equity Incentive Compensation Plan. Each Option is exercisable to acquire one common share of the Company at a price of $0.47 per share and expires on the date tha ...
Denison Mines' Phoenix ISR Project Ready for Construction Phase
ZACKS· 2026-01-05 14:45
Core Insights - Denison Mines Corp. (DNN) is set to advance its Phoenix In-Situ Recovery (ISR) uranium project into the construction phase, pending final regulatory approval expected in Q1 2026 [1][3] - The Phoenix project is on track to become Canada's first new large-scale uranium mine since Cigar Lake, with a targeted construction period of 24 months and first production aimed for mid-2028 [3][4] - The updated initial capital cost post-FID is approximately $600 million, reflecting inflation and project refinements, including $65 million in contingency funds [3][4] Regulatory and Engineering Progress - Significant progress was made in 2025 regarding regulatory approvals, detailed engineering, procurement, and construction planning, including the completion of the Canadian Nuclear Safety Commission's public hearing process [2] - Construction readiness is bolstered by largely completed detailed engineering, procurement of long-lead items, and near-final construction contracts for 2026 [4] Market Performance - DNN shares have increased by 67.4% over the past six months, outperforming the industry average rise of 18.1% [4]
TERRA CLEAN PROVIDES CORPORATE UPDATE AND WELCOMES THE UNITED STATES DEPARTMENT OF ENERGY’S RECENT NEW DOMESTIC NUCLEAR FUEL SUPPLY CHAIN & URANIUM FOCUS
Globenewswire· 2026-01-05 12:30
Core Viewpoint - The announcement by the U.S. Department of Energy regarding the New Domestic Nuclear Fuel Supply Chain & Uranium Agreement is expected to benefit Terra Clean Energy Corp as it develops its U.S. uranium assets [2][3]. Company Developments - Terra Clean Energy Corp has appointed Jon Li as Chief Financial Officer effective January 1, 2026, following the resignation of Brian Shin [1][3]. - The company is centralizing its operations and management in Toronto [3]. - The annual general meeting held on December 8, 2025, resulted in the re-election of current directors and the election of two additional directors [6]. Industry Context - The U.S. Department of Energy is forming a consortium under the Defense Production Act to enhance the domestic nuclear fuel supply chain, which includes uranium mining and processing [2]. - This initiative aims to reduce reliance on foreign enriched uranium and critical minerals, providing federal incentives and expedited permitting for U.S. uranium projects [2]. Financial and Operational Insights - Jon Li brings over 20 years of finance experience, particularly in the mining and technology sectors, and has served as Vice President at WD Numeric [4][5]. - Terra Clean Energy Corp is developing the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium within the Fraser Lakes B Deposit in Saskatchewan [9].
TERRA CLEAN PROVIDES CORPORATE UPDATE AND WELCOMES THE UNITED STATES DEPARTMENT OF ENERGY'S RECENT NEW DOMESTIC NUCLEAR FUEL SUPPLY CHAIN & URANIUM FOCUS
Globenewswire· 2026-01-05 12:30
Core Viewpoint - The announcement by the U.S. Department of Energy regarding the New Domestic Nuclear Fuel Supply Chain & Uranium Agreement is expected to benefit Terra Clean Energy Corp as it develops its U.S. uranium assets [2][3]. Industry Developments - The U.S. Department of Energy is forming a consortium under the Defense Production Act to enhance the domestic nuclear fuel supply chain, focusing on uranium mining, milling, enrichment, and fuel fabrication [2]. - This initiative aims to reduce reliance on foreign enriched uranium and critical minerals, inviting U.S. companies to participate in the NUCLEAR FUEL CYCLE CONSORTIUM for federal incentives and expedited permitting [2]. Company Developments - Terra Clean Energy Corp has appointed Jon Li as Chief Financial Officer effective January 1, 2026, following the resignation of Brian Shin [1][3]. - The company is centralizing its operations and management in Toronto, which aligns with its strategic goals [3]. - Terra Clean Energy is developing the South Falcon East uranium project, which has an inferred uranium resource of 6.96 million pounds within the Fraser Lakes B Deposit in Saskatchewan, Canada [9]. Management and Governance - The annual general meeting held on December 8, 2025, resulted in the re-election of current directors and the election of two additional directors, Michael Gabbani and Brian Polla [6]. - The appointment of Crowe MacKay LLP as auditors for the year ended December 31, 2024, was ratified by shareholders [6]. Personnel Background - Jon Li has over 20 years of finance experience, particularly in mining, technology, and financial services, and has served as Vice President at WD Numeric [4]. - He is a CPA in both the U.S. and Canada and holds an MBA with a concentration in Accounting [5].
Stallion Uranium Announces Mobilization for Winter Drilling Program, Appoints Paulo Santos as Chief Financial Officer
Globenewswire· 2026-01-05 12:00
VANCOUVER, British Columbia, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: B76) is pleased to announce the mobilization of personnel and equipment for the upcoming diamond drilling program at its Moonlite Property, located in the Athabasca Basin of northern Saskatchewan, and the execution of a drilling contract with Base Drilling Ltd. to advance the Coyote Target. The Company has also appointed Mr. Paulo Santos as its incoming Chief F ...