There seems to be a lot going on in the uranium sector in terms of consolidation activity and market-related news so I invited Alex Molyneux, Founder of Azarga Resources and Chairman of Azarga Uranium Corp. (AZZ.TO) / (PWURF) (market cap ~ C$ 22 million) to answer a few pressing questions. Alex is based in Asia… Continue Reading
Azarga Uranium’s Richard “Dick” Clement has retired as CEO, President and Corporate Secretary of Azarga Uranium (AZZ.TO), and has been appointed deputy chairman of the company’s board of directors. He’s being replaced by current Azarga chairman Alexander Molyneux, 39, a former investment banker and CEO of SouthGobi Resources. The move comes less than 6 months… Continue Reading
A couple of large uranium mines reported incidents in the last week that could potentially move the spot price of uranium higher. Late last week a fire was reported at the Rio Tinto Rössing uranium mine in Namibia. The Rössing mine is one of the largest open pit mines in the world producing 3.2% of worldwide uranium production in… Continue Reading
The uranium market is moving in a different direction than other commodities, with the nuclear fuel continuing its move up over the past two weeks on its re-approach to US$40/lb, just yesterday hitting US$37.50/lb again. This is certainly a topical space and we at CEO.CA have been following the relative new comer to the segment,… Continue Reading
