
Despite some of the world's biggest economies falling into recessions, uranium bulls continue to press that the metal may have found price bottom. Uranium prices continue to creep upward, fuelled by higher demand and lower supply in the form of troubling news from producers. Price publisher Tradetech indicates the spot price now hovers around US$48, after posting a US$2-increase last week, driven by six transactions concluded at current price levels.

Thursday, November 6, 2008
Spot uranium prices climbed another US$1 this week to US$46 a pound U3O8, according to price publisher Ux Consulting. That's the second straight rise of $1 in as many weeks. Spot uranium snapped a long and steep decline last week, as interest from utilities returned and India got ready to place orders for uranium, thus boosting demand for the radioactive metal.

Friday, August 22, 2008
The amount of uranium mined in Saskatchewan is second to none. With new mines in development and increases in exploration, Saskatchewan is reaping big rewards from the nuclear "renaissance”. But some argue that there is a dark side to what is happening in Saskatchewan and in the nuclear industry in general. UraniumInvestingNews’ Luke Brocki digs in.

Tuesday, May 20, 2008
Spot uranium prices have just seen a meteoric rise and an equally impressive fall. The metal was buoyed to US$138 a pound U3O8 last summer by eager speculators and hedge funds. In the months that followed, it became evident that short-term supply exceeded demand for the metal and a price correction brought it its price to less than half of last summer’s record levels. It now rests at US$63 a pound U3O8.
Wed, Nov 19, 2008
Keloland.com reports Powertech wants to drill more holes for testing in South Dakota. Powertech Uranium Corp. already has a state permit for 155 exploratory holes near Edgemont. Project manager Mark Hollenbeck says the company wants to drill 30 additional holes to find areas that have no uranium and could be the site of its processing plant and [...]
Wed, Nov 19, 2008
Pacific North West Capital and Benton Resources reports drill results from the Swayze Greenstone belt, Timmins, Ontario. Drilling targeted gold mineralization that was first discovered by prospectors J. Hussey and A. Aube in 1997 and has not seen any exploration activity until the Swayze JV optioned the Heenan claim block in late 2007. For full details of this press release, click [...]
Wed, Nov 19, 2008
The Desmoines Register(EDITORIAL) reports on nuclear energy and its advantages. That much power cannot be effectively produced with alternatives because we just cannot build that many windmills (that produce power only when there is the right amount of wind) and certainly not with fossil fuels (that we are trying to avoid because of climate change and [...]
Tue, Nov 18, 2008
Mining Journal Online(Editorial) reports uranium spot price rises by US$5.00 to US$53 per lb. The weekly price of spot uranium rose to $53/lb on Tuesday and is up 20% over the past month due to firm demand by nuclear reactors, traders said. For complete story, click this link. Follow developments in uranium mining and exploration for free.Sign [...]

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Monday, November 17, 2008
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