McArthur River

Cameco Announces Third Quarter Results; Tier-One Transition Continues to Drive Gross Profit Improvement; Amplified Security of Supply Concerns Benefit Full-Year Revenue Outlook; Decade-High Industry Contracting Volume Achieved; Dividend Declared

Retrieved on: 
Tuesday, October 31, 2023
Chemicals, Plastics, Mining, Minerals, Manufacturing, Energy, Natural Resources, Nuclear, Caspian, Transfer, JV, Canada Revenue Agency, United Kingdom, Brookfield Renewable Partners, NYSE, International, Health, Uranium, WNA, Government, Canadian Nuclear Safety Commission, University, CCO, Acquisition, International Financial Reporting Standards, Babcock International, MBA, Urenco Group, Nuclear energy, Engineering, Institution of Chemical Engineers, International Atomic Energy Agency, Environment, Growth, World Nuclear Association, Transport, Risk, Turkish coup d'état, Tax court, Henley Business School, Safety, McArthur, Chief commercial officer, CRA, Henley Business School South Africa, TSX, Renewable energy, Uranium mining, Bank, Rare-earth element, Westinghouse, Kazatomprom, Cameco, McArthur River, Energoatom, Inkai Uranium Project

In the short term, supply chain issues and inflation risks are causing production challenges for current operators.

Key Points: 
  • In the short term, supply chain issues and inflation risks are causing production challenges for current operators.
  • Compared to previous price cycles, the market does not have the inventory or secondary supplies to absorb market shocks.
  • This conference of government and industry leaders met with the intention of building leadership and cooperation in nuclear energy.
  • The transition to a clean and secure energy world is our imperative and I look forward to helping this transition with Cameco,” said Dominic Kieran.

Cameco Provides Production and Market Update

Retrieved on: 
Sunday, September 3, 2023
Other Energy, Mining, Minerals, Utilities, Energy, Natural Resources, Nuclear, Maintenance, Uranium, McArthur, CCO, Person, Movement, Investment, NI, Risk, TSX, News, NYSE, Uranium mining, Cigar Lake Mine, Key Lake mine, Cameco, U3O8, McArthur River

Cameco (TSX: CCO; NYSE: CCJ) provided a market update today regarding challenges at the Cigar Lake mine and Key Lake mill that are expected to impact our 2023 production forecast.

Key Points: 
  • Cameco (TSX: CCO; NYSE: CCJ) provided a market update today regarding challenges at the Cigar Lake mine and Key Lake mill that are expected to impact our 2023 production forecast.
  • We maintain the flexibility to source material through various means beyond production if required, including increasing our market purchases, pulling forward long-term purchases, using inventory or borrowing product.
  • We will provide an update when we better understand the implications these production challenges may have on market dynamics.
  • Cameco will not necessarily update this information unless required by securities laws.

Azincourt Energy Receives Results from 2023 Drill Program at the East Preston Uranium Project, Athabasca Basin, Saskatchewan

Retrieved on: 
Thursday, August 17, 2023
Diamond, Saskatchewan Research Council, Graphite, Radioactive decay, Uranium, EM, Clearwater River Dene Nation, Athabasca Basin, Carbonate, Attention, Orientation, Thorium, CRDN, Tourmaline, SWIR, Big Hill, News, Oil, Road, Uranium mining, Rare-earth element, Lithium, East Preston, Exploration, McArthur River

Project Location – Western Athabasca Basin, Saskatchewan, Canada:

Key Points: 
  • Project Location – Western Athabasca Basin, Saskatchewan, Canada:
    Drilling for the 2023 program at the East Preston Project consisted of a total of 3,066 metres completed in 13 drill holes.
  • Winter 2023 Diamond Drilling Program Highlights:
    A total of 687 samples were collected throughout the program and sent to the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan for analysis.
  • As part of the quality control process, standards with a known concentration of uranium are inserted in the sample batches.
  • Analysis of the results shows uranium enrichment within the previously identified clay alteration zones along the K, and H- target zones.

Cameco Releases 2022 ESG Report

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Thursday, July 6, 2023
Professional Services, Environmental, Social and Governance (ESG), Other Energy, Mining, Minerals, Energy, Natural Resources, Carbon, Workforce, Electricity, Athabasca Basin, Woman, GHG, Conduct, TCFD, CCO, Female, Government, RSN, Nuclear energy, Climate change, GRI, Risk, First Nations, TSX, ESG, RSN Racing & Sport, Annual report, Environment, News, NYSE, Safety, Renewable energy, Uranium mining, Property management, Ethics, Cameco, McArthur River

Cameco (TSX: CCO; NYSE: CCJ) released its 2022 Environmental, Social, Governance (ESG) Report today.

Key Points: 
  • Cameco (TSX: CCO; NYSE: CCJ) released its 2022 Environmental, Social, Governance (ESG) Report today.
  • The report illustrates Cameco’s integration of ESG principles and practices in its overall strategy and day-to-day operations, including 2022 performance metrics and feature stories highlighting the company’s ESG commitments and targets.
  • “We believe that our sustained focus on the ESG principles highlighted in this report contributed to our success as a company.
  • We firmly believe that our emphasis on continuous improvement will generate added value for stakeholders in the years to come, and the 2022 ESG performance results published today are a testament to our people and that commitment to continuous improvement.”
    The 2022 ESG Report includes several notable highlights for Cameco:
    We completed our Low Carbon Transition Plan that maps out our net-zero alignment and pathways.

Uranium Energy Corp Appoints James Hatley as Vice President Production, Canada

Retrieved on: 
Thursday, May 18, 2023
Millennium Project, Athabasca University, UEC, TRS, Uranium, Athabasca Basin, PMP, EDGAR, CORPUS, Project Management Professional, Business administration, Voisey, Johnston County Career and Technical Leadership Academy, SEDAR, Project, Knowledge, Security (finance), Master of Business Administration, NYSE, Rio Tinto, Athabasca, Cameco, Mining, Oil, Cigar Lake Mine, McArthur River

CORPUS CHRISTI, Texas, May 18, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the appointment of James Hatley as UEC's Vice President Production, Canada.

Key Points: 
  • CORPUS CHRISTI, Texas, May 18, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the appointment of James Hatley as UEC's Vice President Production, Canada.
  • James Hatley has 25-years of mining experience including uranium and base metals mine development, construction, and operations.
  • Prior to Vale, James was the senior VP of Project Development at NexGen Energy and consulted overseas for Saudi Aramco.
  • James Hatley, VP Production, Canada, stated: "I am delighted to join UEC and spearhead the development of the Canadian project pipeline into operations.

Cameco Reports First Quarter Results, Solid Quarter Demonstrating the Strength and Purpose of Our Strategy; Long-Term Contracting Success in New Markets; Still Early Days of a Market Transition

Retrieved on: 
Friday, April 28, 2023
Chemicals, Plastics, Mining, Minerals, Manufacturing, Alternative Energy, Natural Resources, Energy, Nuclear, Caspian, International, Canada Revenue Agency, Natural Resources Canada, Uranium, Policy, McArthur, CCO, JV, G7, NYSE, Nuclear energy, Climate change, Acquisition, State, Investment, International Financial Reporting Standards, Risk, CRA, TSX, Growth, UF6, Westinghouse, Airline, Renewable energy, Uranium mining, Cameco, McArthur River, Kazatomprom

It addressed the need to work together globally as the world grapples with providing safe, clean, reliable, affordable and secure energy.

Key Points: 
  • It addressed the need to work together globally as the world grapples with providing safe, clean, reliable, affordable and secure energy.
  • This agreement will support the stable supply of nuclear fuels, as well as to support the nuclear fuel needs of future advanced reactors.
  • The positive fundamentals we have talked about for nearly a decade are no longer just a long-term story, they are right in front of us.
  • Our recent contracting success to supply new markets in Eastern Europe clearly demonstrates the desire of our customers to diversify.

Azincourt Energy Completes the 2023 Drill Program at the East Preston Uranium Project, Athabasca Basin, Saskatchewan

Retrieved on: 
Tuesday, March 28, 2023
Diamond, Saskatchewan Research Council, Graphite, Radioactive decay, Uranium, EM, Clearwater River Dene Nation, Athabasca Basin, Carbonate, Attention, Orientation, Illite, CRDN, Tourmaline, SWIR, Weather, News, Oil, Road, Rare-earth element, Lithium, Exploration, McArthur River

Vancouver, BC, March 28, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to announce that the 2023 exploration program has been completed at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.

Key Points: 
  • Vancouver, BC, March 28, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to announce that the 2023 exploration program has been completed at the East Preston uranium project in the Athabasca Basin, Saskatchewan, Canada.
  • Project Location – Western Athabasca Basin, Saskatchewan, Canada:
    Drilling for the 2023 program at the East Preston Project commenced on February 2nd and was recently completed.
  • Demobilization of the drill equipment is complete, and the teardown of the camp is underway.
  • 2023 Target areas and Drill Hole Locations at the East Preston Uranium Project:
    One drill hole was completed on the Q-Zone.

Skyharbour Partner Company Azincourt Energy Provides Update on Drilling at the East Preston Uranium Project

Retrieved on: 
Tuesday, February 28, 2023
Diamond, Uranium, Graphite, News, Carbonate, Weather, Clearwater River Dene Nation, Athabasca Basin, Orientation, EM, Attention, CRDN, Oil, Uranium mining, Road, Lithium, McArthur River, Exploration

Vancouver, BC, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to provide an update on the 2023 exploration program at the East Preston winter program in the Athabasca Basin, Saskatchewan, Canada.

Key Points: 
  • Vancouver, BC, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V: SYH ) (OTCQ X : SYHBF ) (Frankfurt: SC1P ) (the “Company”) partner company Azincourt Energy (“Azincourt”) is pleased to provide an update on the 2023 exploration program at the East Preston winter program in the Athabasca Basin, Saskatchewan, Canada.
  • Project Location – Western Athabasca Basin, Saskatchewan, Canada:
    Drilling at the East Preston Project commenced on February 2nd, and to date, 1,686 metres have been completed in eight drill holes.
  • After some initial startup delays due to extreme weather variations, two drill rigs are now operational on the project.
  • “Finding the extents of this system and identifying where within that system the alteration fluids are focusing is very important.

Cameco announces 2022 results; strong market fundamentals captured in record long-term contracting of 80 million pounds uranium and 17 million kgU of conversion services; disciplined return to tier-one run rate with exposure to improving prices

Retrieved on: 
Thursday, February 9, 2023
Natural Resources, Energy, Nuclear, Mining, Minerals, Other Energy, CCO, Brookfield Renewable Partners, Energoatom, TSX, Port Hope, Investment, Nuclear energy, NYSE, Uranium, Acquisition, Brookfield, SE, International Financial Reporting Standards, KAP, Growth, McArthur, International, Heart, Partnership, JV, Westinghouse Electric Company, UF6, Uranium mining, Renewable energy, Kazatomprom, McArthur River, Cigar Lake Mine, Westinghouse, Cameco, Inkai Uranium Project

As a proven, reliable, independent, commercial supplier of nuclear fuels, Cameco is positioned to benefit from these fundamentals.

Key Points: 
  • As a proven, reliable, independent, commercial supplier of nuclear fuels, Cameco is positioned to benefit from these fundamentals.
  • In 2022, we were successful in contracting 80 million pounds of uranium and 17 million kgU of conversion services, with a record number of contracts signed in a market that has strengthened and is in durable growth mode.
  • “We continue to believe that Cameco remains the best way to invest in the recovery of the uranium market.
  • “We have had success capturing the improving market fundamentals with a record number of contracts signed.

Why Uranium Market Prices are Poised for Big Breakout Over Previous Highs

Retrieved on: 
Wednesday, February 8, 2023
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PALM BEACH, Fla., Feb. 8, 2023 /PRNewswire/ -- Those who follow the uranium market prices see higher highs in the coming year. Uranium prices, alongside many other commodities, are starting the new year strong. The big question is whether momentum can continue. When we talk about metals, there are other things such as inflation, the Federal Reserve, recession fears etc that we need to worry about. Uranium on the other hand, actually has many strong fundamental reasons for heading higher   A recent article on the Equity.Guru website reported: "Sprott Asset Management CEO John Ciampaglia stated in November 2022 that nearly 180 million pounds of uranium per year is required to fuel the current global fleet of reactors. The current primary output is over 130 million pounds and is expected to rise to between 140 million and 145 million pounds by next year. Uranium rose 41% in 2021. 2022 was a bit muted with uranium starting 2022 off strong, but ending the year up just below 10% higher from its January 1st 2022 start… Early 2022 saw supply challenges when it came to the conversion and enrichment. Many uranium bulls are betting on net supply/demand factors to be the KEY trigger for higher uranium prices in 2023."  Active mining companies in the markets this week include Traction Uranium Corp. (OTCQB: TRCTF) (CSE: TRAC), Ur-Energy Inc. (NYSE American: URG) (TSX: URE), Cameco (NYSE: CCJ) (TSX: CCO), Blue Sky Uranium Corp. (OTCQB: BKUCF) (TSX-V: BSK), F3 Uranium Corp (OTCQB: FUUF) (TSXV: FUU).

Key Points: 
  • PALM BEACH, Fla., Feb. 8, 2023 /PRNewswire/ -- Those who follow the uranium market prices see higher highs in the coming year.
  • Many uranium bulls are betting on net supply/demand factors to be the KEY trigger for higher uranium prices in 2023.
  • The article continued: "Recently, Sashi Davies, an internationally acclaimed nuclear power/uranium expert who has been involved with the uranium market and uranium sales for more than 35 years, stated that she believes believes the uranium market is poised for a big breakout which will see uranium prices take out previous highs .
  • "Today I think we are where we were at the beginning of the big move like back in the early 2000s (spot uranium prices peaked at $US140/lb in 2007).