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Uranium Mining: Minister delivers double Dividend for North Queensland

The Queensland Government has set the stage today for development of a multi-billion dollar, world-class uranium mining industry in North Queensland. Queensland Resources Council Chief Executive Michael Roche said Mines Minister Andrew Cripps’ release of a strictly regulated framework for the resumption of uranium mining would support economic and jobs growth into the future.


Strategic Partnership between the State of Niger and AREVA

On May 26, 2014, in Niamey, Messrs. Omar Hamidou Tchania, Minister of State, Minister of Mines and Industrial Development of Niger, Gilles Baillet, Minister of Finance of Niger, and Luc Oursel, President and Chief Executive Officer of AREVA, signed an agreement renewing the strategic partnership between the State of Niger and AREVA.

The agreement enshrines the renewal of the mining contracts held by the companies SOMAÏR and COMINAK in the framework of the Nigerien Mining Law of 2006. The two parties to the agreement will take the necessary measures to ensure the financial and economic profitability of these ventures and to prioritize the preservation of jobs.


Makena Encounters Multiple Conductive Anomalies on Patterson Uranium Prospect

Makena Resources Inc. (MKN-TSX Venture) reports that the initial data has returned results that show multiple conductive anomalies within the Patterson Uranium Prospect. Two distinctive anomalous zones were encountered. The southern zone has three specific targets within the zone. The north target is a NW trending zone associated with a break in the formation in the direct vicinity of the conductive anomaly. A historical drill hole shows basement to be relatively shallow at 154 metres depth within these zones.


Ur‐Energy Updates on Pathfinder Mines Acquisition

Ur‐Energy Inc. (TSX:URE, NYSE MKT:URG) is providing an update on the progress to closing the agreement to acquire Pathfinder Mines Corporation. Significantly, in recognition of current market conditions, Ur‐Energy has reached an agreement with the seller to revise the terms of the transaction. The parties are working to satisfy the remaining closing conditions to progress to a closing.


Marenica: increased Uranium Recovery and potential Reduction in Operating Costs

  • Marenica is continuing testwork on its proprietary U‐pgrade™ beneficiation technology
  • Recent flowsheet optimisation testwork on ore from the Marenica deposit has resulted in an increased U‐pgrade™ uranium recovery of 72% (previously 66%)
  • The increase in U‐pgrade™ recovery has resulted in a marginal reduction in concentrate grade from 5,500ppm to 5,000ppm U3O8
  • The increased recovery is expected to reduce the average OPEX from US$42/lb to US$39/lb

International uranium company Marenica Energy Limited report on a positive outcome from U‐pgrade™ flowsheet optimisation testwork on ore from the Marenica Uranium Project in Namibia.


Vena Resources Issues Shares to Settle Debt and Provides Board Update

Vena Resources Inc. (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces that it has entered into debt settlement agreements to settle trade payables for the aggregate settlement amount of $150,350.62, through the issuance of an aggregate of 1,642,651 common shares in the capital of the Company, at an average price of $0.092 per common share.

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