Michael Roche, chief executive of The Queensland Resources Council has argued today that:

“Lifting a ban on uranium mining could expand the state’s economy and through its use in nuclear power generation help to avoid huge greenhouse gas emissions.”

Three cheers for this man!

Mr Roche goes on to sat that (read more…)

On turnover of 867,000 shares Aurora gained $0.38 to close at $3.94. It is hard to see just what contributed to this move, as there has been no real news that we are aware of released today.

The last news we saw was about the establishment of a new panel that will give community representatives from coastal Labrador input into project planning and key environmental work, but that was a week ago (read more…)

This chart is courtesy of www.U308.biz.

A month ago it looked promising as there were signs of a small rally forming however this appears to have dissipated as investors used the higher prices to cut their loses and return their cash to the sidelines. We had hoped to bring you more ‘buy’ signals but have decided to remain cautious until a clearer picture emerges (read more…)

Better know as a uranium explorer Laramide Resources Limited have today released drill results for 28 drill holes for gold assays for their Westmoreland property. The results are summarized as follows:

These results included drill hole WDD08-023 which intersected 4 metres at 1.30g/t Au from 38 metres and 19 metres at 1.09g/t Au from 54 metres. All 28 drill holes were drilled with either NQ or HQ core into The Garee Lens, which forms part of the Redtree Deposit at The Westmoreland project. Mineralisation within the Garee lens is flat lying and hence the true width of mineralisation is generally between 75 % and 100 % of the intersection within the drill holes (read more…)

Having found support at the $0.15 level this minnow has now managed to gain about 50% in the last month, yet another example of buyers creeping back into the uranium sector and snapping up a few bargains. The volume was a healthy 841,000 shares traded and the stock price now stands at $0.22. This is a small company with a market capitalisation of $26.23 million (read more…)

Laramide Resources Limited continued its rival with the stock price moving up to $4.89, a vast improvement on the $3.04 that it traded at earlier this month.

This uranium stock, along with MGA are the only two stocks that we have held ‘buy’ orders on throughout this difficult period for this sector, so we are pleased to see it coming back to life with a gain of almost 60% in a few short weeks (read more…)

After taking a severe beating the uranium sector is showing signs of a recovery. Scanning the radar there appears to be a number of differing opinions tabled in support of nuclear power, one of which is the high cost of oil (read more…)

Cameco fell 5.4 percent, to C$40.52 yesterday on the Toronto Stock Exchange its biggest one-day drop for some time. The drop is attributed to a theoretical leak of arsenic and uranium into Lake Ontario.

The possibility of this leak is based on ‘modelling’ which indicates that there could be some trace elements finding their way into Port Hope harbour (read more…)

This chart is courtesy of www.U308.biz.

This has been a much better month for holders of uranium stocks, as signs of rising stock prices appear to be popping up here and there. Yesterday was especially good with the following stocks leaping to higher levels: RSC: 17.14%, LAM: 16.58%, MGA: 6.79%, KRI: 22.73% and URE: 22.16% (read more…)

In its quarterly report Uranium One has said that the development of the Honeymoon uranium mine, northwest of Broken Hill, has been suspended until a development partner can be found. Executive vice-president Australia and Asia Greg Cochran is quoted as follows:

“What we’re doing is we’ve recognised we need to have a bigger portfolio, and so that, together with sharing some of the cost of development with a partner, has meant that we’re moving in the partner mould. It does mean a postponement of course of what is currently going on at Honeymoon but that’s just until we get through this stage (read more…)