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Stock Market & Financial Investment News

News Breaks
December 31, 2012
19:08 EDTURREUranium Resources announces results of feasibility study at Churchrock site
Uranium Resources announced the summary results of the feasibility study for its Churchrock Section 8 Project located in the northwestern New Mexico's historic Grants Mineral Belt. The feasibility study to determine the technical and economic viability of developing the deposit utilizing in situ recovery uranium technology was compiled by Behre Dolbear & Company, TREC, and Western States Mining Consultants, with assistance provided by the engineering staff of URI. The Churchrock Section 8 Feasibility Study Highlights include 6.5M pounds of mineralized uranium material at a grade of 0.11% U3O8; In situ recovery is the preferred uranium extractive technology for the project; Assumed recovery rate of 67% results in production of 4.4M pounds; Projected six-year production life with peak production at more than 1M pounds annually; Pre-production development costs estimated at $35M; and Direct operating costs are estimated to be $20-$23 per pound of U3O8 produced.
News For URRE From The Last 14 Days
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November 13, 2014
10:44 EDTURREUranium Resources mentioned cautiously by TheStreetSweeper
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November 10, 2014
11:12 EDTURREUranium 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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