The chairman of the up-coming G8 meeting, Japanese Prime Minister, Yasuo Fukuda, has informed the Annual Conference of the Japan Atomic Industry Forum, that he will give special attention to nuclear power.

Yasuo Fukuda told the audience that (read more…)

In a recent announcement by Kevin Krueger, the minister of state for mining, British Columbia (BC) re-affirmed that he would not support the exploration and development of uranium. In contrast their neighbours, Alberta, have appointed a panel of experts to study the use of nuclear power as a possible power source to generate the steam required in order to extract oil from the tar sands projects (read more…)

The bottom line here is that lower electricity bills are on the horizon for these customers who buy electricity from the Seabrook NUCLEAR power plant in New Hampshire.

“The market price for a natural-gas unit is significantly higher than the cost for a nuclear plant.”

Says David Tuohey, a spokesman for the Massachusetts Wholesale Electric Company. David goes on to say that (read more…)

Australian explorer, Uran Limited appears to be the latest victim of the global bureaucratic hurdle as the Czech town council of Pribyslav, rejected an offer from the Australian company for it to be allowed to explore what are believed to be rich uranium deposits in the centre of the country.

Pribyslav was one of Uran’s target areas because it is thought to have about 7,500 tonnes of uranium at nearby Brzkov (read more…)

The best success story in the gold exploration sector has been dealt a tough blow as the Ecuadorian government suspends mining (read more…)

A sign of the times is just how low some of the uranium’s are trading is Uranium Participation, currently trading at $8.06 giving the company a P/E ratio of 2.05 (read more…)

The NRC (Nuclear Regulatory Commission) will be challenged in the federal appeals court for its approval of a source materials license for an in situ leach uranium mine, according to the Environmental News Service.

Although the Uranium Resources Incorporated (URRE) President Paul Willmott said at the time that modern in-situ leach uranium recovery technology

“Represents an acceptable and safe alternative to traditional mining methods historically used to recover uranium in New Mexico (read more…)

Merrill Lynch has sold off a parcel of shares in Paladin Energy Ltd thus extricating itself from its association with collapsed margin lender Lift Capital Partners Pty Ltd.

However, there are two directors of Paladin, Rick Crabb and Gillian Swaby, who are disputing Merrill Lynch’s right to liquidate the shares. This is a bit of a messy squabble that both parties could do without at the moment. However, it appears that Merrill have already sold the shares which are now the subject of a legal battle in the Federal Court in Perth (read more…)

The chart is courtesy of TradeTech.

Despite a $3/lb slid in the spot price the long-term price remains firm at $95/lb and that is the number that we should be focusing on. No doubt this change to the spot price will send some investors to the exit door, but is it really a time to sell (read more…)

The minister for Lands and Resources, William Barbour said: “the message the government is sending to the communities is not that they are anti-development, but rather they are taking time to ensure there is responsible development taking place on Labrador Inuit Land (read more…)