Brazil’s Gerdau buys out Sumitomo Corp and JSW in Gerdau Summit
The transaction is expected to close in early 2025.
Canadian-based junior miner Macusani Yellowcake Inc. (TSX-V: YEL) says Peru could become a major source of uranium in five or six years once it starts production in the country’s southeast, according to an interview with Mining Weekly Online.
The miner claims the Macusani Plateau currently hosts about 110 million pounds of ore and potentially has as much as 500 million pounds within it.
Its flagship project has three main deposits — the Colibri 2 and 3, Kihitian plus the Corachapi — that are big, high quality, near the surface and suitable for open pit mining.
The company is actively exploring the rest of the plateau.
It also said it has $6 million cash on hand.
Peru would be the first South American country to produce uranium.
Images courtesy Macusani Yellowcake Inc.
2 Comments
Marianne Birkby
What about Paddington bear? Is he to become radicalised and form a new group peacefully protesting while munching marmalade sandwiches..? Where and how can I join him?
Bears Against Nuclear arriving at a station near you
Miles Fielding
Yes sign me up too!! I can eat Marmalade sandwiches with the best of them…….keep me posted.