Cameco suspends production at Cigar Lake

The uranium market has always been volatile, we are still on the right side of the bottom, and are clawing back to a regular place where the uranium market will function.

A plan by Pele Mountain Resources (TSXV:GEM) to mine uranium in northern Ontario while at the same time processing rare earths has fizzled.

The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Trump’s measures to revitalize the mining industry are steps on the right direction, and they will benefit not just the US, but also Canada, said Max Porterfield.

Supporters of the moratorium, which expires in 2032, say new mining activity will likely boost the risk of uranium-contaminated water flowing into the Canyon.

If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.

In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.

Junior mining investor enthusiasts will be duelling it out for the big money when the next contest by Stockpools and Kitco is launched the first week of June.