A new company will be created to operate GoviEx’s flagship Madaouela uranium project.

He has rejected a recommendation by the Commerce Department to require US power producers to source up to 25% of their uranium from domestic mines, creating instead a working group to review the country’s nuclear fuel supply chain.

A tribunal of international arbitrators ruled in favour of Cameco in the miner’s contract dispute with Tokyo Electric Power Company Holdings.

While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs.

Earlier this year, the company completed a preliminary economic assessment of its main Ivana deposit at Amarillo Grande.

U.S. energy use has been generally increasing, eventually topping 100 quads per year by 2018.

The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium.

The property, about 30 miles north of the North Carolina border in Pittsylvania County, was once owned by Thomas Jefferson.