Orano Canada

Demand Booming as Global Uranium Mining Market Expected To Reach $11.3 Billion By 2030

Retrieved on: 
Wednesday, February 21, 2024
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It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.

Key Points: 
  • It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%.
  • The uranium mining market is estimated to be 53.0 thousand tons (kt) in 2023.
  • The report added: “Uranium mining is the extraction of uranium ore from the ground for use in nuclear power plants and the development of nuclear weapons.
  • Based on the mining method, the open-pit mining segment is the most common method of uranium mining, accounting for over 90% of global uranium production in 2022.

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

Retrieved on: 
Wednesday, February 14, 2024
Cloud, Mining, Income Tax Act, News, Exercise, NXE, Gartner, CEE, Denison Mines, Appaloosa, Offering, PI, KZAP, Underwriting, SABRE, Orano Canada, Donald Duck filmography, OTCQX, Arrow, Anomaly, Pressure, Triple, EM, La Loche, Life, Carbon, Fukushima nuclear disaster, STUD, Capital, Saloon, SW2, SW1, PALM, Reuters, Beaverlodge, Uranium, TSX, PLS, Geology, Risk, DNN, COVID, NexGen, Uranium mining

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.

Orano Canada and Denison Announce JV Approval to Restart McClean Lake Mining Operations

Retrieved on: 
Wednesday, January 24, 2024
DNN, JV, McClean, Uranium, Mining, Denison Mines, SABRE, TSX, Orano Canada, Uranium mining

SASKATOON, Saskatchewan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Orano Canada Inc. (“Orano Canada”), and Denison Mines Corp. (“Denison”) (TSX: DML, NYSE American: DNN), as joint-venture partners in the McClean Lake Joint Venture (“MLJV”), are pleased to announce that the MLJV has approved a restart of uranium mining operations using the joint venture’s patented Surface Access Borehole Resource Extraction (“SABRE”) mining method.

Key Points: 
  • SASKATOON, Saskatchewan, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Orano Canada Inc. (“Orano Canada”), and Denison Mines Corp. (“Denison”) (TSX: DML, NYSE American: DNN), as joint-venture partners in the McClean Lake Joint Venture (“MLJV”), are pleased to announce that the MLJV has approved a restart of uranium mining operations using the joint venture’s patented Surface Access Borehole Resource Extraction (“SABRE”) mining method.
  • Orano Canada owns a 77.5% interest and is the operator of the MLJV and Denison owns a 22.5% interest.
  • It is anticipated that the McClean Lake mill will have sufficient capacity to process this ore, while continuing with committed planned production from Cigar Lake.
  • This information suggests an incentive price meaningfully lower than current uranium prices, which has provided the JV with a strong basis to make a restart decision for mining at McClean Lake.

Kiplin Metals Addresses Activity Surrounding the Cluff Lake Road (“CLR”) Uranium Project in Saskatchewan

Retrieved on: 
Monday, June 5, 2023
Triuranium octoxide, CLR, Uranium, Athabasca Basin, JR, PLN, National instrument, National Instrument 43-101, Orano Canada, Uranium mining, F3

VANCOUVER, British Columbia, June 05, 2023 (GLOBE NEWSWIRE) -- Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) has observed a significant increase in activity surrounding its Cluff Lake Road (CLR) uranium project.

Key Points: 
  • VANCOUVER, British Columbia, June 05, 2023 (GLOBE NEWSWIRE) -- Kiplin Metals Inc. (TSX-V: KIP) (the “Company” or “Kiplin”) has observed a significant increase in activity surrounding its Cluff Lake Road (CLR) uranium project.
  • Located in Saskatchewan, the project sits in a highly prospective area with neighbouring companies Orano Canada, Cameco Corp., Stallion Discovery Corp., and Canalaska Uranium Ltd.
    One noteworthy development is the proximity of the CLR property to F3 Uranium Corp.’s (formerly Fission 3.0) Paterson Lake North (PLN) project.
  • This discovery implies the presence of a basement-hosted uranium deposit in the Athabasca region, comparable to Fission Uranium Corp.’s Triple R uranium deposit.
  • “We are encouraged by the increased activity and the presence of notable uranium projects in close proximity to our Cluff Lake Road Uranium project ,” said Dr. Peter Born, Director of Kiplin .

Orano Increases Ownership in Cigar Lake Mine

Retrieved on: 
Tuesday, May 10, 2022
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SASKATOON, Saskatchewan, May 10, 2022 (GLOBE NEWSWIRE) -- Orano Canada Inc. (Orano) and Cameco Corporation (Cameco) have reached an agreement to jointly acquire Idemitsu Canada Resources Ltd.s (Idemitsu) 7.875% ownership in the Cigar Lake Joint Venture.

Key Points: 
  • SASKATOON, Saskatchewan, May 10, 2022 (GLOBE NEWSWIRE) -- Orano Canada Inc. (Orano) and Cameco Corporation (Cameco) have reached an agreement to jointly acquire Idemitsu Canada Resources Ltd.s (Idemitsu) 7.875% ownership in the Cigar Lake Joint Venture.
  • We are excited to increase our ownership stake in the Cigar Lake mine, said Orano Canada President and CEO Jim Corman.
  • Orano Canada is the operator of the McClean Lake uranium mill and a major partner in the Cigar Lake (currently 37.1% increasing to 40.453%), McArthur River (30.2%) and Key Lake (16.7%) operations.
  • Orano toll mills the ore from the Cigar Lake mine at the McClean Lake mill.

Orano Canada Supports the Continuity of Uranium Ore Production in Northern Saskatchewan

Retrieved on: 
Wednesday, February 9, 2022
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I am pleased with this development and optimistic about the longevity of the uranium industry in Saskatchewan, said Orano Canada President and CEO Jim Corman.

Key Points: 
  • I am pleased with this development and optimistic about the longevity of the uranium industry in Saskatchewan, said Orano Canada President and CEO Jim Corman.
  • Headquartered in Saskatoon, Saskatchewan, Orano Canada Inc. is a leading producer of uranium, accounting for the processing of 10 million pounds of uranium concentrate produced in Canada in 2020.
  • Orano Canada has been exploring for uranium, mining and milling in Canada for more than 55 years.
  • Orano Canada Inc. is a 100% subsidiary of Orano Mining, part of the multinational Orano group.

ALX Resources Corp. Appoints David Quirt as Uranium Technical Advisor

Retrieved on: 
Thursday, October 21, 2021
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Vancouver, British Columbia--(Newsfile Corp. - October 21, 2021) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the appointment of David Quirt as a technical advisor to the Company specializing in uranium exploration.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - October 21, 2021) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the appointment of David Quirt as a technical advisor to the Company specializing in uranium exploration.
  • His applied science work has been primarily in economic geology (uranium, diamonds, gold, base metals, Rare Earth Elements), uranium deposit metallogenesis, geochemistry, and host-rock alteration mineralogy.
  • ALX welcomes Mr. Quirt's contribution to upcoming exploration at the Company's uranium projects in the Athabasca Basin area of northern Saskatchewan, Canada.
  • Forward-looking statements in this news release include: the Company's exploration projects are prospective for uranium and other minerals.

ALX Resources Corp. Receives Exploration Permit for Gibbons Creek Uranium Project, SK

Retrieved on: 
Thursday, June 10, 2021
Areva, Physical sciences, Nuclear technology, Mineral exploration, Orano Canada, Chemistry, Orano, Uranium

In 1959, Haymac Mines restarted mining and shipped 500 tons of high-graded ore to the Lorado Mill at Uranium City, SK.

Key Points: 
  • In 1959, Haymac Mines restarted mining and shipped 500 tons of high-graded ore to the Lorado Mill at Uranium City, SK.
  • Black Lake Uranium Project ("Black Lake"): Located adjacent to Gibbons Creek.
  • Owned 40% by ALX, with UEX Corporation ("UEX") holding a 51.426% interest and Orano Canada Inc. holding an 8.574% interest.
  • Forward-looking statements in this news release include: the Gibbons Creek Project ("Gibbons Creek") is prospective for uranium, gold, and PGE mineralization; the Company's plans to undertake exploration activities at Gibbons Creek, and expend funds on Gibbons Creek.

Cameco Restarting Cigar Lake Mine in April

Retrieved on: 
Friday, April 9, 2021
Mining, Mineral exploration, Cigar Lake Mine, Areva, Nuclear technology in Canada, Companies, Cameco, Orano Canada, Orano, Idemitsu Kosan, Uranium mining, Nuclear industry in Canada

Production at Cigar Lake was temporarily suspended in December 2020 due to increasing risks posed by the Coronavirus (COVID-19) pandemic.

Key Points: 
  • Production at Cigar Lake was temporarily suspended in December 2020 due to increasing risks posed by the Coronavirus (COVID-19) pandemic.
  • Having Cigar Lake running is part of our strategy and it was always our intention to resume production, Gitzel said.
  • The Cigar Lake operation is owned by Cameco (50.025%), Orano Canada Inc. (37.1%), Idemitsu Canada Resources Ltd. (7.875%) and TEPCO Resources Inc. (5.0%) and is operated by Cameco.
  • The above scientific and technical information relating to the Cigar Lake uranium mining operation was approved by Lloyd Rowson, general manager, Cigar Lake, Cameco.

Orano Canada Inc. (“Orano”) Completes First Earn-In Option and Forms Joint Venture with Skyharbour at the Preston Uranium Project

Retrieved on: 
Friday, March 26, 2021
Areva, Nuclear energy in France, Companies, Economy of France, Mineral exploration, Orano Canada, Orano, Mining

Orano previously held an option to acquire the interest through an option agreement entered into with Skyharbour and Dixie Gold Inc. (Dixie Gold).

Key Points: 
  • Orano previously held an option to acquire the interest through an option agreement entered into with Skyharbour and Dixie Gold Inc. (Dixie Gold).
  • In March 2017, Skyharbour signed an option agreement with Orano (formerly AREVA Resources Inc.) that provided Orano an earn-in option to acquire a majority working interest in the 49,653 hectare Preston Uranium Project (see also news release dated December 15, 2016).
  • Skyharbour has now entered into a joint venture partnership with industry-leader Orano Canada Inc. and has a joint venture partnership with Azincourt Energy.
  • Skyharbours Uranium Project Map in the Athabasca Basin:
    To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Companys website at www.skyharbourltd.com .