Uranium

Cambridge Innovation Institute Announces the Acquisition of the ALTA Metallurgical Conference of Australia

Retrieved on: 
Tuesday, February 27, 2024

NEEDHAM, Mass., Feb. 27, 2024 /PRNewswire/ -- Cambridge Innovation Institute (CII) announces the acquisition of the Australia-based ALTA Metallurgical Conference. For 28 years, ALTA has been a globally recognized conference and a leading platform for innovation in process development, plant design, and operation in the mining and metallurgical processing industries. The conference founders, Alan and Joan Taylor, will continue to work with CII to build on the success of the meeting. The upcoming 2024 ALTA focuses on the key topics of Nickel-Cobalt-Copper and Lithium - Battery Technology – Rare Earths. Previous ALTAs have included Uranium, Gold-PM, and In Situ Recovery Conferences. ALTA will be joining CII's Cambridge Enertech Division.

Key Points: 
  • Cambridge Innovation Institute Ventures Down Under, Acquires Key Australian Metallurgical Asset for Cambridge Enertech Expansion
    NEEDHAM, Mass., Feb. 27, 2024 /PRNewswire/ -- Cambridge Innovation Institute (CII) announces the acquisition of the Australia-based ALTA Metallurgical Conference.
  • For 28 years, ALTA has been a globally recognized conference and a leading platform for innovation in process development, plant design, and operation in the mining and metallurgical processing industries.
  • The conference founders, Alan and Joan Taylor, will continue to work with CII to build on the success of the meeting.
  • Alan Taylor, Co-Founder and Managing Director of ALTA Metallurgical Services is "delighted the unique 28-year ALTA legacy will be continued by CII's Cambridge Enertech division who share our focus on technology and innovation.

Blue Sky Uranium Announces a Positive New Preliminary Economic Assessment for the Ivana Uranium-Vanadium Deposit, Amarillo Grande Project, Argentina

Retrieved on: 
Thursday, February 22, 2024

The materials mined are unconsolidated gravels and sands and are free digging, therefore drilling and blasting will not be required.

Key Points: 
  • The materials mined are unconsolidated gravels and sands and are free digging, therefore drilling and blasting will not be required.
  • Waste materials not used in construction will be stockpiled outside of the footprint of the pit.
  • Waste will be managed in the external stockpiles until it is used as in-pit backfill or for reclamation activities.
  • An alkaline leach circuit (sodium carbonate and bicarbonate) will be used to dissolve uranium and vanadium from the leach feed minerals.

ASP Isotopes Inc. Provides Update on Plans to Spin-Out its Wholly Owned Subsidiary, Quantum Leap Energy

Retrieved on: 
Friday, February 16, 2024

WASHINGTON, Feb. 16, 2024 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASP Isotopes” or “ASPI” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, announced today an update on its previously disclosed intention to spin-out its wholly owned subsidiary, Quantum Leap Energy LLC (“QLE”), as a separate public company. ASPI is planning to list QLE on a national exchange and distribute a portion of QLE’s common equity to ASPI’s stockholders as of a future record date, anticipated to be completed by year-end, in each case subject to obtaining applicable approvals and consents and complying with applicable rules and regulations and public market trading and listing requirements.

Key Points: 
  • - ASP Isotopes plans to spin a portion of Quantum Leap Energy’s common equity to ASP Isotopes' stockholders as of a future record date, in a tax efficient manner.
  • - ASP Isotopes licenses rights to technology related to the enrichment of nuclear fuels to Quantum Leap Energy.
  • ASPI to receive a 10% perpetual royalty on all revenues of Quantum Leap Energy.
  • - ASPI and QLE continue to work with potential customers to help resolve the current nuclear fuel supply chain issues.

Gold, silver and lithium mining on federal land doesn’t bring in any royalties to the US Treasury – because of an 1872 law

Retrieved on: 
Thursday, February 15, 2024

Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver.

Key Points: 
  • Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver.
  • Today, mining is a high-technology industry, but it is still governed by the Mining Law of 1872.
  • Even when lands that formerly were available for mining receive new protected status as national parks or monuments, the 1872 mining law protects existing mining claims on those lands.
  • Minerals like lithium, uranium and copper are essential for shifting from fossil fuels to renewable energy, and for many other uses in our increasingly technological society.
  • As a natural resource and public land scholar, I agree with many others who argue that the 1872 mining law is archaic and overdue for an update.

Royalty-free development

  • Today, open federal public lands are managed by either the U.S. Forest Service or the Bureau of Land Management.
  • In either case, they are considered available for hard rock mining.
  • For example, the current royalty rate for oil and gas production on federal land is 16.67% of the market value of these fuels.
  • High-profile mining proposals today include copper mines in Arizona and lithium mines in Nevada.

Decades of debate

  • Mining on public lands, especially prior to the 1970s, left a multitude of contaminated zones that federal agencies are still working to clean up at taxpayer expense.
  • Today, mining operations are subject to modern land management and environmental laws, such as the Clean Water Act.
  • But these laws were not written specifically to address mining and do not fully cover issues such as disposal of mine waste.
  • In their view, the federal government applies the 1872 mining law in a way that forces companies to spend years securing necessary approvals.
  • In September 2023, the Interior Department released a 168-page report making recommendations for improving mining on public lands.
  • These measures would retain the structure of the 1872 law while taking steps to streamline permitting for large-scale mining activities.

Balancing critical minerals and conservation

  • In my view, focusing myopically on critical minerals and moving forward with a new era of domestic mining should not occur without reforming the 1872 law.
  • Halting climate change and powering a new green economy may involve some trade-offs between short-term and long-term environmental protection goals.
  • In 1872, our nation’s lands and natural resources may have seemed inexhaustible; today, we know they are finite, and that using them responsibly means balancing development and stewardship.


Sam Kalen served as Special Assistant to the Associate Solicitor for Minerals and Resources at the US Department of the Interior from 1994-1996. Views expressed in this article are solely those of the author.

Skyharbour’s Partner Company Valor Resources Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at Hook Lake Uranium Project in the Athabasca Basin

Retrieved on: 
Thursday, February 15, 2024

Following the drill campaign completed in 2022, together with the airborne gravity survey completed last year, Valor has met its exploration expenditure commitments under the agreement.

Key Points: 
  • Following the drill campaign completed in 2022, together with the airborne gravity survey completed last year, Valor has met its exploration expenditure commitments under the agreement.
  • Furthermore, Valor has issued the Company an additional 31,750,000 shares and made a C$75,000 cash payment to complete the third and final earn-in milestone.
  • This brings the total cash payments to C$250,000 over three years and a total share issuance of 295,083,333 shares of Valor to Skyharbour.
  • Drilling at the Hook Lake Project was completed by Valor between December 2021 and April 2022, with a drilling program comprising eight diamond drill holes for 1,757m.

Skyharbour’s Partner Company Valor Resources Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at Hook Lake Uranium Project in the Athabasca Basin

Retrieved on: 
Thursday, February 15, 2024

Following the drill campaign completed in 2022, together with the airborne gravity survey completed last year, Valor has met its exploration expenditure commitments under the agreement.

Key Points: 
  • Following the drill campaign completed in 2022, together with the airborne gravity survey completed last year, Valor has met its exploration expenditure commitments under the agreement.
  • Furthermore, Valor has issued the Company an additional 31,750,000 shares and made a C$75,000 cash payment to complete the third and final earn-in milestone.
  • This brings the total cash payments to C$250,000 over three years and a total share issuance of 295,083,333 shares of Valor to Skyharbour.
  • Drilling at the Hook Lake Project was completed by Valor between December 2021 and April 2022, with a drilling program comprising eight diamond drill holes for 1,757m.

Independent Proxy Advisory Firm ISS Recommends Latitude Uranium Shareholders Vote FOR the Arrangement Resolution with ATHA Energy

Retrieved on: 
Thursday, February 15, 2024

The Board of Directors of LUR unanimously recommends that Shareholders vote FOR the Arrangement Resolution.

Key Points: 
  • The Board of Directors of LUR unanimously recommends that Shareholders vote FOR the Arrangement Resolution.
  • TORONTO, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Latitude Uranium Inc. (“Latitude Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce that leading independent proxy advisory firm, Institutional Shareholder Services Inc. (“ISS”) recommends that Latitude Uranium shareholders (“Shareholders”) vote “FOR” the resolution (the “Arrangement Resolution”) to approve the previously announced arrangement (the “Arrangement”) involving the Company and ATHA Energy Corp. (“ATHA”) at the upcoming Special Meeting of Shareholders (the “Meeting”) to be held on Tuesday, February 27, 2024 at 10:00 a.m. (Toronto time).
  • John Jentz, Chief Executive Officer of Latitude Uranium, commented, “We are pleased that ISS supports the Board’s unanimous recommendation that shareholders vote “FOR” the Arrangement Resolution.
  • If you have questions about the Meeting matters or require voting assistance please contact Latitude Uranium‘s proxy solicitation agent, Laurel Hill Advisory Group at:

How Supply & Demand is Likely Driving the Uranium Market to Reach a 16-Year Peak This Year

Retrieved on: 
Wednesday, February 14, 2024

PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.

Key Points: 
  • PALM BEACH, Fla., Feb. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts predict that the global uranium market is likely to reach a 16 year peak in 2024.
  • Toronto-listed Cameco is expected to be the world's second largest uranium producer this year after Kazatomprom.
  • The objective of the 2024 program is the discovery of uranium mineralization associated with conductive electromagnetic (EM) anomalies.
  • “We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company.

BWXT Subsidiary Awarded $122 Million Contract Extension for Uranium Downblending Services

Retrieved on: 
Wednesday, February 14, 2024

BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU).

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU).
  • Under this contract, NFS will continue to provide downblending services to the TVA in support of the National Nuclear Security Administration’s (NNSA) defense programs objectives.
  • This contract extension continues the current downblending operations from July 2025 to June 2027.
  • “This contract extension also enables operations and engineering continuity with our uranium conversion and purification contract with NNSA.”
    Downblending is a process in which HEU is mixed with natural uranium resulting in LEU needed for various commercial and national defense purposes.

Stallion Uranium Begins Mobilization Efforts for Maiden Drill Program on Coffer Uranium Project

Retrieved on: 
Wednesday, February 14, 2024

The objective of the 2024 program is the discovery of uranium mineralization associated with the conductive electromagnetic (EM) anomalies.

Key Points: 
  • The objective of the 2024 program is the discovery of uranium mineralization associated with the conductive electromagnetic (EM) anomalies.
  • “We are incredibly excited to be starting the preparations for our maiden drill program, a key milestone for the company.
  • “This pragmatic approach gives our team high confidence in the Appaloosa target, while our strategy will continue to develop additional tier one targets for drill testing.”
    The program will be the first diamond drill program initiated on Stallion’s 100% owned Coffer Project.
  • This 3-hole, 3,300 meter drill program at Appaloosa marks the companies first drilling campaign in its efforts to discover the next significant uranium deposit in the Athabasca Basin.