Top uranium producer is gloomy about nuclear power, for now

The Vancouver-based miner is getting the properties as part of a deal to acquire Journey Exploration.

Kyrgyzstan's parliament voted on Thursday to ban uranium exploration and mining despite previously issuing licenses to foreign companies such as Canada's Azarga.

The uranium producer logged a C$18.3 million loss in the first quarter of 2019, compared with a profit of C$57.8 million a year ago.

Developing Yeelirrie, one of Australia’s biggest undeveloped uranium deposit, will depend on market conditions, said the company.

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

ALX and Orano are on the verge of initiating a multi-year exploration program with the goal of locating a new, high-grade uranium deposit in the Athabasca Basin.