Heading &

By Tim Treadgold | Uranium starred again this week against the backdrop of a flat Australian market as the price of the nuclear fuel hit US$70 a pound, a 12-year high, driving local uranium stocks to fresh price peaks while also masking a series of significant deals in other sectors.

Trigg Minerals has received a $1 million boost as it looks to progress its stalled Lake Throssell sulphate of potash project in the northern Goldfields (reports The West Australian).

When Russia invaded Ukraine, panic gripped Europe’s nuclear experts—the civilian variety, that is (reports The Economist).

As with many executives, Evion Group’s Tom Revy believes his company is undervalued, and while he’s not game to say exactly where the emerging graphite producer should be capitalised today, he left the audience at the MiningNews Select conference in Perth with a clear idea of where he sees the company heading (reports MiningNews).

Deal makers are on alert for a round of consolidation in the flagging rare earths sector and in other critical metals as capital markets turn off the tap on exploration companies (reports The Australian Financial Review).

Astral Resources delivered a promising scoping study for its Mandilla gold project last week, but according to managing director Marc Ducler the best for the project outside Kalgoorlie in Western Australia is probably yet to come (reports MiningNews).

Significant levels of gallium are present at Kingsland’s Leliyn graphite discovery, which could represent a lucrative by-product that improves the project’s economics (reports Stockhead).

Canada-focused explorer Pioneer Lithium is enjoying a solid debut on the ASX after raising $5 million in an oversubscribed initial public offering (reports The West Australian).

By Barry FitzGerald | Spartan and Astral among those attracting attention; Plus, Boss chief says uranium price has to rise much further to encourage new supply.

Uranium went from red hot to white hot this week as investors piled into a revival story being driven by doubts about future supplies of energy for a global economy which is electrifying everything.

By Tim Treadgold.