NexGen stock rises on $250m uranium purchase deal

The decision follows Energy Fuels' recent announcement to restart its uranium circuit at the White Mesa mill.

Drilling at the eastern Athabasca Basin site intersected 13.8% uranium equivalent over 16.8 metres.

The Nordic country’s government under Prime Minister Ulf Kristersson intends to report by May 15 on how it can write new legislation.

The company is preparing additional mines in Colorado and Wyoming for expected production within one year.

The production rise will predominantly come from key producers Kazakhstan and Canada, says GlobalData.

A debate about protecting strategic resources in Mongolia risks delaying the finalization of the agreement until after elections in June.

Increasing funding for battery metal and uranium projects versus gold brings home the global energy transition but big financing deals for pre-production companies have almost disappeared.

The move is aimed at reviving Britain’s ageing nuclear fleet.

Uranium spot prices more than doubled to $100/lb. at the end of January 2024.