A South Australian based uranium company has acquired an exploration project in central Australia.
Toro Energy Limited will spend about $3 million over the next three years to explore uranium opportunities at the Napperby site, 150 kilometres north-west of Alice Springs.
The public company says it will give about $2 million of its shares to the site’s owner, Deep Yellow, to explore the land. Read more
Iran is limiting uranium enrichment in a signal to the U.S. and its European allies that the Islamic Republic wants to avoid escalating the dispute over its nuclear program, two Western diplomats said.
The 328 centrifuges Iran uses to enrich uranium are now running only intermittently instead of at full capacity, according to the diplomats, who have direct knowledge of the International Atomic Energy Agency’s Iran dossier. The diplomats requested anonymity because they aren’t authorized to speak publicly about the investigation. Read more
CRANBROOK, BC–(MARKET WIRE)–Eagle Plains Resources (CDNX:EPL.V – News) and Blue Sky Uranium Corp. (CDNX:BSK.V – News) (WKN: AOMKXP) have executed a Letter of Intent whereby Eagle Plains has agreed to grant Blue Sky the option to earn a 60% interest in the 35,000 ha Karin Lake property located 35 km east of Cameco’s Key Lake mining operation in north-central Saskatchewan, Canada. The project area is contiguous to the 34,000 ha Eagle Lake property, owned 100% by Eagle Plains and currently under option to Blue Sky. Read more
NORTH VANCOUVER, BRITISH COLUMBIA–(CCNMatthews – Feb. 15, 2007) – Centram Exploration Ltd. (“Centram” or the “Company”) (NEX:CNA.H) is pleased to announce that it has entered into a letter agreement with Crossland Uranium Mines Ltd., an Australian company (“Crossland”), regarding a joint venture. Read more
LEWISVILLE, Texas–(BUSINESS WIRE)–Uranium Resources, Inc. (OTCBB: URRE – News) announced today that intervenors filed an appeal in the United States Court of Appeals for the Tenth Circuit related to the favorable rulings from the United States Nuclear Regulatory Commission (“NRC”) regarding the Company’s license for the proposed development of an in-situ recovery uranium project at its Crownpoint Uranium Project in Church Rock and Crownpoint, New Mexico. The appeal was filed on February 12, 2007. Read more
Chickaloon, Alaska – State approval is the only thing keeping a Canadian company from exploring for coal in Chickaloon. Full Metal Minerals is leasing more than 21,000 acres at a cost of $4 an acre.
The money raised pays for mental health services in the state. But Chickaloon residents worry their quiet way of life could come to an end.
Chickaloon residents say they live in the area for peace, quiet and an escape from city life. But if coal is found, it means a huge chunk of change for people living with mental illness. Read more
Banpu’s first-quarter earnings will drop due to a malfunctioning winch-brake motor at its Bontang Coal Terminal in Indonesia, which disrupted loading, president Chanin Vongkusolkit said yesterday.
Stock analysts believe the accident will hurt the coal-mining firm’s results only for the first quarter, while earnings for the entire year will not be much affected. Several analysts have recommended a “hold” on Banpu stock. Read more