The power of a uranium pellet

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

The news bumped Cameco's stock (CCO.TO) five per cent on Thursday send it to $14.97 a share.

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

The Trump administration began an investigation into whether uranium imports threaten national security, a move that may lead to tariffs on the nuclear power plant fuel.

Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.

Company plans to complete a feasibility study next year, which will reveal whether the proposed $800 million, underground lithium-uranium mine can and should be built.

Getting to them would take technology far beyond what we currently have at our disposal.