Young Australians oblivious to mining

They plan to arrive in Montreal on Dec. 15, the final day of hearings on uranium development by Quebec’s environmental watchdog.

Remember way back to last week when there was so much excitement about the rallying uranium price? Uh, yeah. So do we. Unfortunately, the market has taken a serious turn for the worse.

Goldman Sachs, the biggest trading firm on Wall Street, will wind down its uranium trading business and may sell its coal mine subsidiary in Colombia, according to a Senate report released last week.

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

In this case, our junior is looking in the most prospective and geologically fertile place in the world for discovering uranium. There’s no contest here, if you are looking for uranium the Athabasca Basin in Northern Saskatchewan and Northeastern Alberta is where you need to be.

Being eligible for “enhanced Government of Canada economic diplomacy.”

Patient and steadfast uranium investors were given an early Christmas present last week when the Japanese community of Satsumasendai announced approval of the restart of the Sendai nuclear power-plant, the first restart to be approved in Japan since the 2011 Fukushima disaster.

After losing half of its value, the spot price of uranium has in recent weeks risen from less than $30 per pound to $42 per pound. Roger Lemaitre, President and CEO of UEX Corp., is pleased but not surprised, as a supply shortage looms, and sanctions against Russia are spooking utilities.

To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.