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Company News
Marenica Energy transforms into Elevate Uranium as sector grows and money flows
In November 2020, Marenica Energy (ASX: MEY) raised $5.4 million at $0.088 per share. On Friday, just over six months later, that same stock closed at $0.35 per share — just one more uranium company that is experiencing renewed investor enthusiasm after years of low levels of interest in what for a long time was […]
Uranium stocks rally as nations tighten emissions targets
The uranium industry is setting up for an accelerated rise in prices with a supply deficit looming and demand growing as governments target ‘cleaner and greener’ energy sources – a sector in which nuclear power didn’t seem to be considered until now. Nuclear power has been sidelined by governments for years, hampered by its dangerous […]
Uranium stocks take off as US Senate committee clears Trump plan for strategic reserve
The US Senate Committee on Environment and Public Works has passed a bill that approves the establishment of a national uranium strategic reserve. The new bill, which will almost certainly pass the whole US Senate because it has bipartisan support, excludes any Chinese or Russian company involvement in supplying uranium to the stockpile. But Australia, […]
Marenica Energy again reduces uranium mining cost, lowers threshold for production economics
While Marenica Energy (ASX: MEY) is focused on its flagship Namibian uranium projects as the prime potential company makers, it is not letting the grass grow under its feet with its second pillar, a clutch of Australian projects. It now seems that its own patented beneficiation process, U-pgrade, could unlock projects in both countries. Tests […]
Marenica Energy builds two-pronged uranium strategy, has “first-mover advantage” when prices improve
Uranium company Marenica Energy (ASX: MEY) has outlined the strategic advantages of its Namibian and Australian asset portfolio in a new presentation. The company included a map underlining its recent discovery of an extensive new uranium system at Hirabeb in Namibia. Considering the Hirabeb paleochannel was found to be 36km long is impressive in itself;, […]
Marenica Energy identifies uranium and gold at Minerva as uranium fundamentals firm
Marenica Energy (ASX: MEY) has identified uranium and gold at its recently acquired Minerva project in Australia’s Northern Territory. The uranium and gold mineralisation were discovered through a detailed review of extensive historical drilling data at the project. Better historical uranium results were 11m at 4,218 parts per million uranium oxide from 129.5m, including 0.5m […]
Is the long-awaited supply shock finally here for uranium?
Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, […]
From uranium to lithium: a divergent exploration path for Metals Australia and Marenica Energy
Earlier today, Metals Australia (ASX: MLS) has said it entered into a binding agreement to divest its entire interest in the Mile 72 uranium project to uranium explorer Marenica Energy (ASX: MEY). The two ASX-listed explorers have done a deal on uranium project located in Namibia, with one of the two heading off into lithium […]
