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Uranium Demand Rekindles South African Operations
The uranium price itself just jumped $5 mainly due to Japanese reactor restarts and the fact that their stockpile will now be used and not released onto the world market," said Gennen McDowall, a seasoned explorer on various Africa uranium projects and nonexecutive chairman of TSX-listed Northern Uranium Corp. "Whether or not this will translate to more financings remains to be seen, but at least we are going in the right direction." Generally, low uranium grades have made extraction commercially unviable and much was discarded as waste rock or in mill tailings. [...]although the grades are typically low, ranging from 0.002%-0.08% uranium, the resources are easily and cheaply extractable, which makes their future exploitation more attractive.
Uranium Demand Rekindles South African Operations
The uranium price itself just jumped $5 mainly due to Japanese reactor restarts and the fact that their stockpile will now be used and not released onto the world market," said Gennen McDowall, a seasoned explorer on various Africa uranium projects and nonexecutive chairman of TSX-listed Northern Uranium Corp. "Whether or not this will translate to more financings remains to be seen, but at least we are going in the right direction." Generally, low uranium grades have made extraction commercially unviable and much was discarded as waste rock or in mill tailings. [...]although the grades are typically low, ranging from 0.002%-0.08% uranium, the resources are easily and cheaply extractable, which makes their future exploitation more attractive.
Uranium Demand Rekindles South African Operations
Gavin du Venage (author)
2015
Article (Journal)
English
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