Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed. Uranium prices have risen significantly for the first time in more than 16 years, as reported by Reuters. The potential for supply shortfalls has prompted increase d uranium purchases. And thanks to the rise in uranium prices, mining operations are expected to resume at the McClean Lake Joint Venture in Saskatchewan in , targeting , pounds of uranium oxide production for the year, as reported by Mining Weekly.
Operations at McClean Lake were suspended in due to a decline in uranium prices. The joint venture is a partnership between Orano Canada and Denison Mines. Following the comp letion of the deal, Sumitomo will own a 9.
T he net proceeds of the deal will be used towards exploration and development activities at the Baptiste n ickel p roject in B. A study conducted by Geoscience BC has indicated that there could be economic quantities of rare earth elements located in the coal deposits of B. The project also tested various extraction techniques. As this group of minerals are crucial for the manufacture of numerous technologies, this finding could have identified a viable source of rare earths , especially as B.
T he unit has since expanded its research to address climate change, invasive species, trace contaminants and more. B2Gold stated that the project remains on schedule for first gold pour in the first quarter of Sayona also stated that as part of the review, an additional 14 workers were made redundant. The plant , located in central B. Though haulage fleets are often the primary focus for cutting emissions from mining, this plant demonstrates that there are other stages of the extraction process that can be decarbonized.
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