Proactive’s Post

Mongolian government reached a preliminary agreement with Orano to develop a long-anticipated uranium mining project worth $1.6 billion. The project, with an initial investment of $500 million and a total investment of $1.6 billion, will start its preparatory phase from 2024 to 2027, while first production is expected in 2028. #uranium

💰 WA's Uranium Potential: A $1bn Opportunity! 📈 With global demand soaring and uranium prices hitting a 16-year high, the time is ripe to unlock WA's uranium potential. Alfie Shaw reports on the Chamber of Commerce and Industry of Western Australia's eye-opening findings, revealing the immense economic benefits of uranium mining in WA. Read all about it right here: https://lnkd.in/g2TNexMh #UraniumMining #EconomicGrowth #WAMining #MineAustralia #MiningTechnology #GlobalData

Inside the mining tale of Namibia’s Elevate Uranium: The recent increase in uranium prices may offer some respite for existing producers and optimism for potential developers. However, it is important to note that a significant number of projects are still economically uncertain. Merely increasing prices is insufficient to initiate and commence initiatives. Factors such as bureaucracy, jurisdiction, community

ENRG Elements secures three-year permit renewal for Agadez Uranium Project - ENRG Elements (ASX:EEL) #Energy #Mining #Copper #Commodities #ASX

Mongolia and French group Orano Mining have struck a preliminary agreement to develop a $1.6-billion uranium mining project in the Asian country, the Mongolian government said on Friday.

Australian uranium developer Deep Yellow Limited says it is postponing its investment decision on the Tumas project due to delays in engineering cost quotes as well as market environment. #mining https://lnkd.in/gTAKzADU

Chinese Firm Pledges to Boost Technology, Investment in Namibia's Mining Sector - Energy Capital & Power: Chinese Firm Pledges to Boost Technology, Investment in Namibia's Mining Sector  Energy Capital & Power

Star Minerals to launch uranium drilling in Namibia Star Minerals (ASX: SMS) is set to kick off drilling at its Cobra uranium project in Namibia which will comprise the first step of its staged earn-in to the project, estimated to contain 9 million pounds of uranium oxide. Star’s assessment of the project, which sits in the country’s highly-prospective Erongo region has generated a number of exploration targets for initial scout drilling. Namibia is virtually “Uranium Central” in Africa and is considered to be one of the choice jurisdictions for uranium exploration and mine development on the continent because of its stable political environment, well-established mining regulations and – most importantly – its giant and rich uranium deposits. https://lnkd.in/dEsnDvmi

Tonogold Resources, soon to be Uranium American Resources Inc. (OTC:TNGL), unveiled significant advancements across its three uranium and vanadium projects in western US. In May 2024, the company expanded its Sky Uranium project in Wyoming by securing two additional state leases covering 1,285 acres, supplementing 57 existing patented mining claims. Historical drilling indicated over one million pounds of uranium oxide. Elsewhere, a sampling program completed in May 2024 at the Stateline project in Colorado yielded promising results. Assays revealed uranium and vanadium mineralization exceeding 1% for both elements, with scintillometer readings as high as... http://ow.ly/CtT7105QJVo

⚡Sibanye-Stillwater sells Beisa #uranium project to Neo Energy Metals ✅ South Africa’s Sibanye-Stillwater has agreed to sell its Beatrix 4 shaft, which includes the Beisa uranium project, to UK-based Neo Energy Metals in a deal valued at about $28 million. https://lnkd.in/e7fsfdTN #NEO #SouthAfrica #Stocks #Mining #Invest #Energytransition #Nuclearpower