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Stock Market & Financial Investment News

News Breaks
May 20, 2014
08:33 EDTUECUranium Energy acquires Longhorn Project
Uranium Energy announced that it has acquired the Longhorn Project, located in central Live Oak County, Texas. Live Oak County has a long history of significant uranium production with an estimated output exceeding 30M pounds U3O8. On trend with the Company's Project, US Steel Corp. and other operators mined approximately 13.5M pounds of U3O8 using in-situ recovery methods along the historic George West district trend. The Longhorn ISR Project has an existing aquifer exemption which provides three major advantages. First, it eliminates a major permitting hurdle for the project, which will help expedite the regulatory process. Second, the existing AE interval already includes the mining zone of interest so no amendments are necessary. Third, the existing AE is large enough to allow additional expansion without amending the aquifer exemption boundary.
News For UEC From The Last 14 Days
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November 18, 2014
09:20 EDTUECOn The Fly: Pre-market Movers
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06:32 EDTUECUranium Energy estimates resources of 5.12M pounds of U308 at Burke Hollow
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November 10, 2014
11:12 EDTUECUranium stocks rally after Japan approves reactor restart
Stocks of companies involved with the production, exploration and extraction of uranium are higher after the Kagoshima prefecture approved the restart of the Sendai nuclear power plant in Satsumasendai, Japan. The restart, which is slated to happen next year, will be the first restart since the meltdown at the Fukushima facility in 2011. WHAT'S NOTABLE. According to a BBC report, before the Fukushima incident 30% of Japan's power was nuclear-generated. Japan's Prime Minister Shinzo Abe has argued that the nuclear shutdown is hurting Japan's economy, as it has forced Japan to import expensive fossil fuels to make up the power shortfall. STOCKS TO WATCH. Shares rising following the news include Denison Mines (DNN), which is up over 6%, Uranerz Energy(URZ), up 14%, Cameco (CCJ), up almost 2%, UR-Energy (URG), up almost 14%, Uranium Energy (UEC), up 7%, Energy Fuels (UUUU), up 11% and Uranium Resources (URRE), which is up 19% in late morning trading.

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