Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Despite reactor closures in Europe and the U.S., the global outlook for uranium looks bright, with Asia’s burgeoning nuclear energy industry fuelling demand for the radioactive metal.
Australia’s uranium market is also set for a bright future, with a strong possibility of new mines opening in Western Australia provided global demand strengthens as forecast.
