Lotus Resources Ltd
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Lotus Resources hits thickest uranium zones to date at letlhakane project in Botswana
African-focused advanced uranium player Lotus Resources (ASX: LOT) has intersected the thickest continuous zones of uranium mineralisation to date at its Letlhakane project in Botswana. The highlights of the latest results include 26.1m of a continuous zone, with the thicker mineralisation starting as shallow as 8.2m. The company has now added the results from 35 […]
Petra Capital forecasts sustained strength in uranium market
A new report from boutique Australian institutional stockbroking firm Petra Capital is forecasting continued strength in the uranium market. The estimated uranium term price for August is up 19% year-to-date, with the final third of the year – typically a strong seasonal period for uranium – still to come. Petra believes an increase in contract […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]