Uranium

Australian diamond explorer Gibb River Diamonds has staked its claim in the heart of Africa’s uranium industry, acquiring two significant projects in Namibia. This move marks a strategic shift for the company, known for its diamond and gold exploration in Western Australia, and signifies the growing appeal of Namibia’s rich …

Canadian miner Madison Metals has unearthed promising signs of a significant uranium deposit at its Khan project in Namibia.  This exciting development occurs after a drill hole (KM5RC003) intersects strong uranium mineralization over minable widths. “This is a game-changer for Madison Metals,” enthused Duane Parnham, Executive Chairman and CEO, in …

Namibia’s ambitions of riding the rising tide of the global uranium market might be dampened by a familiar foe – water. The Bank of Namibia (BoN) has cast a shadow over the industry’s jubilant growth, predicting a significant slowdown in 2024 due to water supply constraints. This comes as a …

Johannesburg – In a move that strengthens their position as a key uranium player, Oar Resources Limited (OAR) announced this week that they have secured a foothold in Namibia, a country synonymous with large-scale uranium production. This expansion marks a significant step for OAR, venturing beyond their current projects and …

Namibia’s iconic Langer Heinrich uranium mine is stirring awake after a six-year slumber. While the first commercial production remains targeted for the first quarter of 2024, a slight delay might occur due to lower contractor productivity over the festive season. Despite this hiccup, the commissioning and operations teams have collaborated …

Namibia is considering taking minority stakes in mining and petroleum producers to reap more value from its mineral wealth, the African country’s mining minister told lawmakers, weighing on shares of mostly Australia-listed miners on Tuesday. Namibia is one of the biggest uranium producers in the world. It is also a …

Upstream mining and exploration company Madison Metals and an arm’s length vendor have mutually agreed to extend the closing of the Khan project agreement covering mining licence (ML) 86A and exclusive prospecting licence (EPL) 8905 in Namibia. ML 86A and EPL 8905 are said to be key strategic licences to …

A court in Namibia is hearing an appeal by the local branch of Russia’s state-owned atomic energy agency, Rosatom, which is seeking water permits needed for uranium mining. The government of Namibia, the world’s second-biggest nuclear fuel producer, said last year that a mining company owned by Rosatom had failed …

Following the completion of the bankable feasibility study, the Rössing Board of Directors approved the Life of Mine Extension (LoME) with ten years from 2026 to 2036 and the recommended operating model. This was announced by Rössing Uranium Managing Director, Johan Coetzee on 24 February 2023. According to Coetzee, this …

Deep Yellow is upbeat that critical minerals assessment of Mulga Rock has indicated potential to spur the project. “The recovery of critical minerals from the Mulga Rock Project, if feasible, has the potential to materially enhance project value. This initial drill program will provide data to better define the distribution …