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Which uranium company has just received approval to build one of the world's biggest mines? Construction will start imminently. The post Which uranium company has just received approval to build one of the world's biggest mines? appeared first on The Motley Fool Australia.

Uranium Mine Gets Green Light!
$NXE to start construction on one of world's largest mines imminently!
#UraniumMining #NXE #MiningNews

https://a777.lt/FmRzyf

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Denison Mines (DNN) Moves Ahead With Phoenix Project, Roth Capital Raises PT

Denison Mines (DNN) Moves Ahead With Phoenix Project, Roth Capital Raises PT

$DNN Surges: Denison Mines Moves Forward with Phoenix Uranium Project!
Denison Mines Corp. ($DNN) advances Phoenix In-Situ Recovery uranium mine construction
#UraniumMining #StocksUnder10 #NYSEAMERICAN

https://a777.lt/rXFfGD

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District Metals $DMXCF gears up for Viken study as Sweden reopens uranium mining!
District Metals readies Viken study amid Sweden's uranium mining revival
#UraniumMining #Sweden #DistrictMetals

https://a777.lt/8s9YLN

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Big Breakthrough! $DNN secures final federal approval to build Phoenix Uranium Mine, a landmark project. High volume stock to watch now!
#UraniumMining #InvestNow #NuclearEnergy

https://a777.lt/yidypM

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The Ute Mountain Ute Tribe is Paying the Price of Nuclear Colonialism – Intercontinental Cry The last remaining uranium mill in the United States is located in White Mesa, Utah. The White Mesa Uranium Mill, owned and operated by Energy Fuels, processes

"The Ute Mountain Ute Tribe is Paying the Price of Nuclear Colonialism"
#WhiteMesaUraniumMill
#EnergyFuels
#UraniumMining
#RadioactiveWaste
#BearsEars
#ConsentBased
#EnvironmentalJustice
#PhaseOutNuclearEnergy
#TPNW
#NuclearBan☮️

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"Nuclear power would create more problems than it would solve and major impacts would be on the lands of Aboriginal people."

#UraniumMining
#RadioactiveWaste
#NuclearColonialism
#EnergyColonialism
#JustTransition
#EnvironmentalJustice

Support 100% clean, renewable energy systems!

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They Worked Underground in the Uranium Mines. They've Been Surrounded by Death Ever Since. The uranium industry left a trail of sickness and loss through Navajo territory, yet Trump is pushing for another mining boom.

They Worked Underground in the Uranium Mines. They've Been Surrounded by Death Ever Since

#NavajoNation #UraniumMining #Health #Environment #Justice

inthesetimes.com/article/they...

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Meghalaya: CM refutes claim of illegal uranium mining in Garo Hills Conrad Sangma retorted saying said that he has not got any evidence or information related to uranium mining.

Sangma added that some situations may not have noticed by he state government
#Meghalaya #UraniumMining #GaroHills #IllegalMiningClaims
nenow.in/north-east-n...

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SD's Black Hills once again a hotbed for mining interests Public News Service (PNS) is a member-supported news service that advocates journalism in the public interest. PNS's network of state-based news services distribute high quality public interest news…

Conservation groups in SD are raising concerns over new uranium mining proposals in the Black Hills. Advocates say the projects threaten water, wildlife, agriculture, and sacred Lakota sites.
#BlackHills #UraniumMining @dakotarural.bsky.social
Full story:

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Stampriet water safety study stuck in Govt silence – Sauma  Justicia Shipena  No progress has been reported on the independent water flow study recommended by the United Nations Educational, Scientific and Cultural Organisation (UNESCO) and the Orange-Senqu River Commission (ORASECOM) for the Leonardville area, the Stampriet Aquifer Uranium Mining Association (Sauma) said. The group renewed its call for government transparency and stronger protection of underground drinking water against the risks posed by  uranium mining. Sauma’s statement follows a recent meeting between Headspring Investments, Omaheke governor Pijoo Nganate, and the chair of parliament’s standing committee on natural resources, Tobie Aupindi.  At the meeting, Aupindi argued that opposition to the project lacked scientific proof.  “To date there has been no communication regarding the progress of this study or the identities of those entrusted with its execution,” said Sauma.  The association rejected this, noting it had presented evidence since 2021 from over 100 international publications and expert reports, calling the proposed mine “a looming catastrophe for Namibia.” Suama stressed that in-situ leach uranium mining involves injecting chemicals into aquifers to dissolve uranium, a process that risks underground leakages that cannot be controlled.  The group warned that uranium levels in the mining solution could reach 30 000 times above World Health Organisation safety guidelines for drinking water.  The Leonardville aquifer currently pumps more than 700 cubic metres of water every hour across 8 000 square kilometres, serving irrigation, food production, and household use.  “Water is life,” the group said, warning that pollution would threaten agriculture, exports, tourism, and thousands of jobs. Headspring Investments is the Namibian operating company of Uranium One Group, a subsidiary of the Russian state-owned company Rosatom.  The company intends to mine for uranium through the method of in-situ leaching in the Leonardville area.  In June last year, Headspring’s Environmental Impact Assessment (EIA), carried out under its parent company Uranium One, claimed no liquid residues would be produced during the project.  But Amie Leggett, a principal scientist in hydrogeology, questioned this claim at a high-level meeting in Mariental, citing the lack of details on surface processing facilities.  At the time, the ministry of environment extended the EIA public review period after SAUMA flagged procedural lapses and poor public awareness of the documents. Former agriculture, water and land reform minister Calle Schlettwein repeatedly raised concerns about compliance.  He noted that since 2012, Headspring failed to properly seal and grout boreholes as required by licence conditions.  In 2021, the government withdrew drilling permits due to non-compliance. Headspring challenged the decision in court, saying it was not given a chance to prove that its method would not contaminate water.  The ministry maintained its position, confirming during inspections in January 2024 that no drilling was taking place but noting new applications from Headspring for over 300 additional boreholes. Schlettwein had urged Parliament not to renew or issue new licences for uranium exploration in the Stampriet Basin, saying expectations of mining could undermine water protection.  In October last year, UN Special Rapporteur on Water Rights Pedro Arrojo-Agudo labelled such mining “ecocide” and called for it to be stopped immediately.  He warned that toxic risks to water could last “decades and hundreds of years.” Namibia has since sought technical advice from UNESCO, the International Atomic Energy Agency (IAEA) and other partners, but no official update has been provided. The Stampriet Aquifer supplies drinking, livestock, and irrigation water to about 80,000 people in the Omaheke and Hardap regions.  Sauma says the government must choose to protect scarce water sources over short-term mining interests.  Questions sent to the ministry of agriculture, fisheries, water and land reform were not answered by the time of publication.

#WaterSafety #UraniumMining #GovernmentTransparency #EnvironmentalProtection #WaterConservation

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Critical One acquires 18.5% stake in Namibia-focused Dark Star Critical One Energy, formerly Madison Metals, said on Tuesday it had acquired an 18.5% interest in fellow-listed Dark Star Minerals, underscoring its commitment to supporting the development of uranium assets while continuing development of its core Howells Lake antimony/gold project near the Ring of Fire corridor in Ontario, Canada. The

#CriticalOne #DarkStar #UraniumMining #Namibia #MiningNews

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'Jadugoda' Spotlights Tribal Struggles Near Uranium Mines - IndiaWest Journal News 'Jadugoda' Spotlights Tribal Struggles Near Uranium Mines.

'Jadugoda' Spotlights Tribal Struggles Near Uranium Mines

Full Story: indiawest.com/jadugoda-spo...

#Jadugoda #TribalStruggles #UraniumMining #RadiationImpact #EnvironmentalJustice #SatishMunda #ShortFilmJadugoda #UltraBollywoodRelease

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Langer Heinrich returning to stability Chamwe Kaira The Langer Heinrich Mine recorded revenue of U$177.7 million in the 2025 financial year, Paladin Energy announced this week. The sales represented 2.7 million pounds of uranium oxide. The company said cost of sales stood at U$191.7 million, reflecting the ramp-up of operations. Commercial production at the mine resumed in March 2024, and operations ramped up steadily through 2025. The mine processed more than 3.6 million tonnes of ore during the year, producing 3 million pounds of uranium oxide. “The average plant recovery rate of 84% reflects the steady progress made during the year as the LHM team increase its capability to optimise plant performance. Sales for the year were 2.7 million pounds of uranium oxide and Paladin met all obligations under its contract book with its tier-one customers,” the company said. The fourth quarter delivered the highest production levels since the restart, supported by record crusher throughput, consistent plant performance, and improved feed blend strategies. In March, operations were temporarily halted by a one-in-fifty-year rainfall event that saturated stockpiles. Paladin responded with a rapid recovery programme and began early mining. “This enabled blending of medium-grade stockpiled ore with freshly mined material, improving feed consistency and plant stability throughout the final quarter,” the company said. Paladin continued refining its blending strategies during the year. “The medium-grade stockpile has been a key component of the feed blend during the year, and its integration with freshly mined ore contributed to improved feed consistency and plant stability, along with throughput enhancements and debottlenecking initiatives.” A new fleet of mining equipment has been deployed to support early mining, with additional equipment expected by the end of 2026 to enable full-scale operations. Paladin’s sales were supported by a diversified portfolio of uranium agreements with utilities across the US, Europe, and Asia. In 2025, the company signed new long-term agreements with tier-one customers. It now holds 13 uranium sales contracts securing 24.1 million pounds of uranium oxide through to 2030. “The uranium term market fundamentals remain strong, and Paladin continues to receive firm interest from existing and prospective customers for uranium supply. Global utilities have significant uncovered requirements, contributing to a robust pipeline of utility demand. The Company will continue to layer in industry leading uranium sales agreements as production continues to ramp up at the Langer Heinrich,” Paladin said.

#LangerHeinrich #UraniumMining #PaladinEnergy #MiningIndustry #SustainableMining

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Private investment in uranium mining can reshape India's energy future | Policy Circle Unlocking private capital in uranium mining could transform India’s nuclear energy sector and accelerate clean energy transition.

#Nuclearenergy reforms, from #uraniummining to foreign tie-ups, are central to India’s 2070 #netzero strategy
www.policycircle.org/policy/urani...

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Tumas Uranium Project Nears Finance Stage [Namibian] Deep Yellow Limited has submitted the final technical documentation for its Tumas Uranium Project in Namibia to independent experts to pave the way for financing the multimillion-dollar development.

#TumasUranium #DeepYellow #Namibia #UraniumMining #Investment

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Swakop Uranium eyes 6,000-tonne output by 2028 in Namibia - China.org.cn Swakop Uranium eyes 6,000-tonne output by 2028 in Namibia  China.org.cn

#Namibia #UraniumMining #SwakopUranium #SustainableMining #MiningIndustry

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Canadian Company Exits Contentious Uranium Mining Project in Western Alaska - Inside Climate News Opponents cautiously celebrate, but the owner of the mining claims is looking for a new partner.

⛏️ A Canadian company has pulled out of an Alaska uranium mining project, marking a win for environmental advocates and Indigenous communities concerned about ecological risks.
🔗 insideclimatenews.or...
#UraniumMining #Alaska #ClimateJustice #IndigenousRights #InsideClimateNews

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Tumas project set to begin mining in 2026 Chamwe Kaira  Deep Yellow Limited is preparing to begin mining at its Tumas Project in the Erongo Region by late 2026.  The company is finalising negotiations with prequalified mining contractors before awarding contracts and starting operations. The update follows progress on early infrastructure works and detailed engineering at Tumas, located within ML237.  In April, Deep Yellow delayed its Final Investment Decision (FID), citing uranium prices that did not offer sufficient value to shareholders or justify new greenfield development. The company now says the rise in uranium prices since then has confirmed the logic behind that decision. Despite the FID delay, Deep Yellow continues to advance the project’s development. This includes work on engineering, procurement, site preparation, operational readiness, and financing. “The decision to defer FID on Tumas was a strategic and value-driven call, and one that has been vindicated by the subsequent strengthening of the uranium market,” said Managing Director and CEO John Borshoff.  “We made the best decision for the company and our shareholders, positioning ourselves to fully capitalise on Tumas in a stronger market. In the meantime, we continue to make solid progress across all key areas of project development.” The company said contracts for key utilities and related infrastructure are at an advanced stage. Early works at the site have largely been completed, and the operational readiness plan is progressing toward pre-production mining, process plant commissioning, and a ramp-up to full production. NamPower and NamWater have issued draft supply offers for power and water. A Build, Own, Operate, and Transfer (BOOT) solar array will supply at least 30% of the project’s power needs. The solar component is expected to reduce both electricity costs and the project’s carbon footprint. Supply contracts with NamPower and NamWater are expected to be finalised within the current quarter. The project will build infrastructure for both utilities and later transfer it to the respective state entities for operation and maintenance.  These contracts are being handled by locally based engineering firms.

#TumasProject #MiningNews #DeepYellow #UraniumMining #ErongoRegion

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Nova Scotians said no to uranium mining. The Houston government said “too bad”. This week we’re digging into the B.S. behind their plan – and how you can help stop it.

👉 Sign the petition: ecologyaction.ca/no-more-bs-uranium

#NoMoreBS #UraniumMining #NSPoli #KeepNSRadiationFree

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Paladin sets uranium production guidance for Namibia mine - Mining Weekly Paladin sets uranium production guidance for Namibia mine  Mining Weekly

#UraniumMining #Namibia #MiningNews #PaladinEnergy #SustainableMining

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Remnants of Jeffrey City, Wyoming. 7/1/25.
What little remains of a once-thriving uranium mining town…
#uranium #uraniummining #ecologicaldisaster #failure #energy #nuclearpower #scars #landscape #environment #ruralexploration #urbex #abandoned
#westernconsumption #wyoming

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Uranium mines thirsty for water Chamwe Kaira Water supply remains a challenge for the expanding uranium mining sector in the Erongo Region.  Namibia ranks fourth globally in uranium production, after Australia, Kazakhstan, and Canada. The mining industry has taken steps to address water constraints. According to the Chamber of Mines of Namibia’s 2024 annual report, efforts include the commissioning of a bypass connection and the rehabilitation of a 34-kilometre pipeline from Omdel to the Orano desalination plant.  This upgrade has boosted the water supply by an additional 400 to 500 cubic metres per hour. The Orano plant’s capacity was further enhanced in December 2024 with the commissioning of its 10th column, adding another 250 cubic metres per hour.  Despite these developments, the sector still faces a 500 cubic metre per hour shortfall.  The deficit is linked to limited distribution infrastructure and increased water demand from local municipalities. To address this, the Chamber of Mines is engaging NamWater to fast-track the installation of three additional reservoirs, ahead of NamWater’s 2027 schedule. In the long term, a second desalination plant, planned by Swakop Uranium in partnership with NamWater, is expected to offer a sustainable solution.  The new plant is projected to produce 20 million cubic metres of water annually and will employ around 1,000 people during construction. Uranium production in Namibia grew by 5% in 2024, down from the 24.5% growth rate recorded in 2023.  “The lower growth rate was a result of lower production volumes at the Rӧssing and Swakop uranium mines, which was affected by water supply challenges and planned maintenance shutdowns. However, additional output from the Langer Heinrich mine contributed to the overall growth in uranium production,” the Chamber said. Langer Heinrich Uranium returned to commercial production in March 2024 and is currently ramping up to full capacity.  The mine holds offtake contracts with major industry clients from the United States, Canada, France, and China. Rössing Uranium Limited began phase 4 expansion activities in 2024.  Its uranium oxide production was 13% below target due to delays after a major maintenance shutdown, along with water-related and technical plant issues. Swakop Uranium’s ore output dropped by 6%, from 13.3 million tonnes in 2023 to 12.5 million tonnes in 2024.  Milled output remained steady at 11.409 million tonnes, just 1% below the 2023 record.  Drummed production declined by 2%, though the company achieved notable improvements in processing efficiency.

#UraniumMining #Namibia #WaterSupply #MiningIndustry #Desalination

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Lessons from downwinders: Why government transparency is crucial for public trust • Idaho Capital Sun Navajo George Tutt started uranium mining in 1949 as a hand mucker. Hand muckers would procure uranium waste and ore from veins in the mountains, using basic tools like pickaxes and shovels and…

Lessons from downwinders: Why government transparency is crucial for public trust buff.ly/CK55wE7 #Transparency #NuclearTesting #UraniumMining #WorkHazards

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📢 NEWS •• July 10, 2025 •• Appia Earns Further 5.89% Legal and Beneficial Interest in the PCH Project

Read the full announcement here 👉 stockmkt.info/3Inr1fS

🇨🇦 CSE: API | 🇺🇸 OTCQX: APAAF | 🇩🇪 FWB: A0I0
#UraniumInvesting #UraniumStocks #UraniumMining

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Bannerman waiting to seal NamWater, NamPower deals Chamwe Kaira Bannerman Energy Ltd is awaiting the finalisation of key agreements with NamWater and NamPower for its Etango uranium project.  The company said the last step in the commercial water supply process is the execution of a binding agreement with NamWater. Bannerman expects to sign the draft agreement with NamWater after making a positive final investment decision on Etango. In October 2024, Bannerman signed a letter of intent with NamWater, securing a 15-year water supply. NamWater also signed a back-to-back letter of intent with the Erongo Desalination Plant operator to ensure the source supply. On electricity, Bannerman has accepted a commercial proposal from NamPower for permanent operational power at Etango.  The full supply agreement has been executed by Bannerman and awaits final signature from NamPower. For acid supplies, the leasing agreement for the planned storage and import/export facility at Walvis Bay Port has been reviewed and returned to Namport for finalisation. Bannerman said its A$85 million equity raise has strengthened the company’s financing strategy for Etango.  It holds approximately A$140 million in cash and liquid assets and continues to engage with utilities, financial institutions, traders, and other stakeholders. “Early construction works continue to advance on schedule and on budget. Our focus on tight contract and activity controls is a core driver of the team’s performance,” said Bannerman CEO Gavin Chamberlain.  “It is particularly pleasing to observe the substantial, high-quality progress on the ground, as early development phases are progressively designed, tendered, and executed. Our recent equity raising significantly enhances the capacity to execute our streamlined strategy to finance and construct Etango. Alongside growing nuclear utility activity and positive uranium price momentum, we continue to advance in a systematic and optimised manner towards a targeted positive Final Investment Decision on the highly advanced Etango Project.” The bulk earthworks contract was awarded in August 2024. Work is progressing on schedule, with the site access road 89% complete, ahead of the planned 79%, despite minor rain damage.  Completion is forecast for the end of July 2025. The construction power facilities contract was awarded in October 2024. It includes the build of permanent 33 kV overhead powerlines and a temporary connection to the local Erongo Region power distributor. These works have now been completed and commissioned.

#NamWater #NamPower #BannermanEnergy #EtangoProject #UraniumMining

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BRUCE MacKINNON CARTOON: Uranium response underwhelms in N.S. Bruce MacKinnon's cartoon for The Chronicle Herald

www.saltwire.com/nova-scotia/...
#NovaScotia @timhouston25.bsky.social #UraniumMining #environment #radiation @cape-acme.bsky.social

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PRO-BONO: Unfounded claims onin-situ uranium mining mislead readers On 18 April 2025, The Villager published an opinion piece by self-declared community activist Anton Geinub in an article titled ‘What Uranium One (Headspring Investments Rosatom) means for Leonardville’. He asked for support of the Leonardville Uranium One in-situ leaching mining project that’s in an exploratory phase to help bring it to scale. His article focuses on what the company has done for schools thus far, and makes a brief plug for in-situ recovery (ISR) as “safe and environmentally friendly”. The article makes several claims that are scientifically unfounded, and may mislead readers to feel a false sense of security regarding the environmental and health risks associated with this project. We have several concerns when reading the article. CONCERNS The article does not discuss the known vulnerabilities of groundwater to negative impacts from this method – this is perhaps the biggest community (and a transnational) health concern, given that the site is located in the extremely important Stampriet Transboundary Aquifer System (Stas). ISR mining of uranium – also known as in-situ leaching (ISL) – involves injecting a solution (usually acid or alkaline) into underground uranium-bearing formations to dissolve the uranium and pump it to the surface. While this method avoids the surface disruption of conventional mining, it carries significant risks to water supplies, especially groundwater. The leaching solution (e.g., sulfuric acid or bicarbonate with oxidants like hydrogen peroxide or oxygen) can mobilise not only uranium, but also arsenic, selenium, vanadium, heavy metals, and radionuclides. If the solution migrates beyond the mining zone, it can contaminate nearby aquifers, including those used for drinking water or agriculture. Restoration of groundwater to pre-mining quality is technically difficult and often incomplete. ISR relies on numerous injection and recovery wells. Faulty well construction or corrosion can lead to leaks, allowing leachate to escape into unintended water zones. Aquifers are complex. Fractures, faults, and variable permeability can lead to unexpected flow paths, increasing the risk of leachate escape. Although ISR uses less water than traditional mining, it still requires significant quantities for injection, processing, and flushing – potentially stressing local water resources. ELEVATED CONTAMINATION Long-term monitoring has shown persistent elevated concentrations of contaminants even years after ISR operations cease. And as the International Groundwater Resources Assessment Centre clearly articulates, “the importance of this aquifer cannot be understated. In the entire part of this ‘Stas area’, the two main rivers, the Auob and Nossob, flow only about once every 10 years during exceptionally good rains, and then only briefly. There is no permanent surface water. It is the drinking water in the underground sandstone aquifers that is the lifeblood of the whole region, for the people, their animals, the economy and the ecology. Between 92% and 95% of this underground water is used for town supply and irrigation. Farm boreholes and some guest lodges account for the balance. Irrigation produces fruit and vegetables for the Namibian people and fodder for animals. Total annual abstraction from all aquifers was 20 million cubic metres in 2015 and has been increasing steadily since then. The article’s claim of “self-restoration of aquifers” is not accurate – it is typically an intensive process often involving expensive reverse osmosis techniques and results that can remain incomplete or unsuccessful, which leaves humans and animals health at risk. Drinking water guidelines for uranium are primarily based on its chemical toxicity – specifically, its nephrotoxicity (toxicity to the kidneys) – rather than its radiological effects. The World Health Organisation Guideline value for uranium is 30 µg/L (0.03 ppm). Any such project should require an Environmental Impact Assessment (EIA) and public engagement process, which is not available for the project in question, and the company should make their monitoring and safety protocols entirely public to be fairly evaluated by neutral experts with no vested interest. The Environmental Compliance report (2021) of Headspring Investments (Pty) Ltd is available online, with a woefully inadequate set of groundwater requirements that have no hope of identifying a problem because no monitoring is planned for the exploratory phase. For example, page 18 of the report says “[i]f there are any further (larger scale) exploration/drilling activities and/or mining activities to follow from the initial planned drill holes, groundwater monitoring must be implemented to include water level monitoring and also water sampling on a bi-annual basis. “To have greater transparency on the water monitoring activities, the affected landowners or farmers must be given full access to the results of the water monitoring analyses.” With respect to an individual proposed ISR uranium-ore mining project, the specific details about site-specific levels of toxic metals that might accumulate with uranium, and details about the nature and use of the aquifer underlying the ore deposit are critical to understanding the potential scope and scale of impacts. These are details that can only be answered through a vigorous EIA process with full stakeholder participation. While it can feel nice that a company invests in local education, this is a common and well-studied practice used by mining companies to mitigate social, financial, and reputational risk without any data demonstrating long-term benefits to the local communities. There is an extensive body of literature examining the rise in corporate social responsibility (CSR) investment from mining companies, and the lack of evidence that the increase in investment has resulted in any measurable increase in community well-being. Critics argue companies are unwilling to change their behaviours or invest the resources needed to improve their impacts and development outcomes (e.g. improved health and well-being for local populations). Misleading claims with no scientific backing underscores the need for a vigorous EIA process concerning in-situ uranium mining and highlights that not all that glitters are gold. –This article was drafted by Legal Assistance Centre’s Lead department in conjunction with the science team at eLaw, a global alliance of attorneys, scientists, and other advocates that helps communities speak out for clean air, clean water, and a healthy planet. The post PRO-BONO: Unfounded claims onin-situ uranium mining mislead readers appeared first on The Namibian.

#UraniumMining #EnvironmentalSafety #InSituLeaching #NuclearEnergy #GroundwaterProtection

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Elevate Uranium expands Koppies footprint Elevate Uranium has expanded its uranium footprint beyond the defined Koppies resource with mineralisation at Namib IV tenement outlined over an 11km by 7.5km area. Systematic broad-spaced drilling at Namib IV prospect within the wider Koppies uranium project in Namibia has focused on further defining the extent of anomalism across

#UraniumMining #MiningNews #Namibia #ElevateUranium #MineralExploration

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Rössing plans life of mine extension beyond 2027 Chamwe Kaira  Rössing Uranium produced 2,600 metric tonnes of uranium oxide in 2024, down from 2,920 metric tonnes in 2023, according to the Sustainability and Performance report. The mine extracted 30,334,678 metric tonnes of material in 2024, compared to 16,683,199 metric tonnes the previous year. Ore milled decreased to 8,486,056 metric tonnes from 9,301,890 metric tonnes in 2023. Revenue fell by 9% due to a 20% drop in sales volume following a month-long major maintenance shutdown, a delayed restart, water-related challenges, and technical issues at the processing plant. Despite these setbacks, Rössing Uranium made a net profit after tax of N$1.028 billion from normal operations in 2024, down from N$1.340 billion in 2023. The board declared an interim dividend of 68 cents per share for 2024, totalling N$112 million, up from N$99.3 million in 2023. The company spent N$5.23 billion on goods and services, an increase from N$3.88 billion in 2023. Most spending occurred in the Erongo Region (48%) and the Khomas Region (42%), with 10% going to other regions, including the Northern Region, driven by a sulphuric acid supply deal with Sinomine Tsumeb Smelter (Pty) Ltd. Several key projects planned for 2024 aim to support phase 4 of the Life of Mine Extension (LoME), which seeks to supply ore beyond 2027. The company completed critical infrastructure works, including relocating powerlines and other facilities. Construction began in the first quarter of 2024 on an 18 MWp/15 MW AC photovoltaic solar power plant. This plant will supply electricity to the processing plant via a 6,800-metre overhead transmission line. Rössing said the development marks a key step toward green energy production and long-term sustainability. Progress continued on the thickened tailings LoME project. A horizontal belt filter pilot plant was built and commissioned in the last quarter of 2024. It was integrated into the existing processing plant and will test methods to improve thickened tailings management for future operations. Rössing said LoME projects will remain a strategic priority as the company works to extend the mine’s life beyond 2026.

#RössingUranium #UraniumMining #Sustainability #MiningNews #ProfitReporting

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【 NEWS 】June 5, 2025 | Nexus Uranium Comments on Recent Uranium Market Developments
Read the full update here 👉 stockmkt.info/3ZkhdsB

🇨🇦 CSE: NEXU | 🇺🇸 OTCQB: GIDMF | 🇩🇪 FRA: 3H1
#UraniumMining #UraniumStocks #MiningNews

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