Paladin Energy Ltd ("Paladin" or the "Company") is pleased to advise that it has received notification on June 22, 2015 from the Canadian Government that its submission to be the majority owner of a uranium mine at the Michelin Project in Canada has been approved. Under the current Non-Resident Ownership Policy (NROP), non-resident mining companies can own 100% of an exploration project but, by the stage of first production, there must be a minimum level of Canadian resident ownership in individual uranium mining projects of 51%.
FISSION URANIUM CORP. ("Fission" or "the Company") is pleased to announce that site preparation is underway for an aggressive 60 hole (20,000m), summer drill program at its PLS property in Canada's Athabasca Basin.
Ur-Energy Inc. ("Ur-Energy" or the "Company") is pleased to announce the completion of an independent Technical Report ("Report") for its Lost Creek Property in Sweetwater County, Wyoming, which confirms the increase in mineral resources previously announced, see News Release May 6, 2015. The Report serves to replace the most recent Preliminary Economic Assessment for the Lost Creek Property dated December 30, 2013 (the "2013 PEA").
Kivalliq Energy Corporation ("Kivalliq") today announced the commencement of the summer exploration program at Kivalliq's 100% owned Hatchet Lake Property in Saskatchewan.
Skyharbour Resources Ltd. (the "Company") is pleased to provide results from ground based horizontal loop electromagnetic (HLEM) surveys completed as part of the Western Athabasca Syndicate's (the "Syndicate") recently-completed exploration program at the Preston Uranium Project. The Preston Property is strategically located proximal to Fission Uranium Corp.'s shallow, high-grade Triple R deposit, as well as NexGen Energy Ltd.'s Arrow discovery in the Patterson Lake region in Northwestern Saskatchewan.
GEONOVUS MEDIA CORP. announces it has amended an agreement with Glenmark Capital Corp. whereby Glenmark will now own 100% of the Scotia Project, located in B.C. GeoNovus will receive one million shares of Glenmark subject to TSX Venture approval.
Forum Uranium Corp. ("Forum" or the "Company") will conduct ground gravity and radon surveys on its 100% owned Fir Island Project to define drill targets along the newly identified East Channel Structural Corridor. Five holes from the recent drill program encountered intense alteration (quartz dissolution, dravite and sudoite alteration minerals) within sandstones over a major structural lineament (Figure 1). Secondary hematite and weakly anomalous radioactivity were intersected in the last three holes (FI-8, 9 and 10) of the winter drill program. Assay results are pending.
Kivalliq Energy Corporation ("Kivalliq") today announced plans for summer exploration at the Company's Angilak Property in Nunavut Territory and Hatchet Lake Property in Saskatchewan.
Forum Uranium Corp. ("Forum" or the "Company") is pleased to announce the results of a 10-hole 2,453 metre drill program on Forum's 100% owned Fir Island project located on the north rim of the Athabasca Basin. In total, five targets were tested with the last five holes (FI-6 to 10) focused on the East Channel Zone where spectacular alteration within sandstones overlying a major structural lineament was encountered (Figure 1).
Cameco announced today that Cameco Inc. has signed a supply agreement with the Department of Atomic Energy of India to provide 7.1 million pounds of uranium concentrate under a long-term contract through 2020.
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