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Tag: uranium

Niger halts new mining licences

Miners News

Niger’s junta has temporarily suspended the granting of new mining licences and ordered an audit of the sector, reported Reuters. The West African nation has the continent’s highest-grade uranium ores and is the world’s seventh-biggest producer of uranium, noted the news agency. France’s state-owned Orano operates the SOMAÏR open-pit uranium mine in northern-central Niger. Those operations have continued despite a…

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American Lithium plans to ‘spin-out’ Peruvian asset

Miners News

American Lithium said it has made the decision to pursue a “spin-out” of its Macusani uranium project in Peru into an independent public company. The company views a spin-out of the project into a stand-alone vehicle as the preferred route to generate value for American Lithium and its shareholders from the continued development of the large-scale uranium project. Additionally, the…

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