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News surfaced recently that Tokyo Electric Power, or TEPCO, which has not consumed uranium since the 2011 Fukushima nuclear crisis, is planning to sell part of its uranium stockpile during its 2015 fiscal year in an effort to cut costs. The sale could add 6.56 million pounds of U3O8 equivalent to the spot market.
Pure Energy Minerals announced that it has signed an expanded non-binding memorandum of understanding (MOU) with Korean Steelmaker POSCO. The new document expands the scope of an MOU signed last March to include other considerations such as the development of business relationships with potential customers and "consolidation with other lithium development properties/lithium producers."
The company said Tuesday that mill commissioning has started at its New Brunswick-based Caribou zinc-lead-copper-silver-gold project. It plans to use lessons learned from commissioning its Santander mine to get through the process smoothly.
Cipher Research breaks down the proposed merger between Alamos Gold and AuRico Gold. In this third and final part of the series, the firm analyzes what the merged entity is likely to look like.
Rio Tinto and the government of Mongolia have reached an agreement to move forward with a massive underground expansion at the Oyu Tolgoi copper mine. Development of the $5-billion underground mine has been stalled since 2013 due to disagreements between Rio and the government over taxes and costs for the project.
Peter Schiff, president and CEO of investment firm Euro Pacific Capital, recently predicted that the gold price will reach $5,000 per ounce. That's hundreds of dollars away from its 2011 high point of about $1,900. Let us know if you agree in this survey.
OTC Markets Group recently released its 2015 OTCQX Best 50 list, which ranks the top-performing companies on the OTCQX Best Marketplace in 2014. Here's a look at the top 10 companies from the resource space.
The US Geological Survey recently released its annual report on zinc. Here's a look at which countries produced the most of the metal in 2014.
Fertoz upgraded the JORC resource and released scoping study results for its Wapiti phosphate project in British Columbia last week.
The World Gold Council released its latest Gold Demand Trends report on Thursday. It shows that during the first quarter of 2015 total demand for the metal came to 1,079 tonnes. That's down just 1 percent, or 11 tonnes, from the year-ago period.