Call it cross-pollination: Mining companies in Australia are taking up projects in Canada and Canadian mining companies are enthusiastic about projects in Australia.

Drilling targeted mainly areas of inferred resources in the R840W zone over a strike length of 353 metres.

Using research from the U.S. Department of Energy, this graphic puts in perspective the efficiency of a single uranium pellet in comparison to fossil fuels.

Mazhit Sharipov, who is currently Kazatomprom's chief nuclear fuel cycle officer, will be appointed as acting CEO.

Analysis of the uranium market shows that it barely, if at all responds to changes in demand and supply.

Analysts expect strong uranium fundamentals to start moving prices higher.