Global Atomics’ Dasa uranium project in Niger remains supported by the government, as indicated in the company’s Q2 2024 results, unaffected by recent political developments. During a recent site visit, Osumane Abarchi, the mines minister and commissaire colonel, expressed optimism about Dasa becoming a flagship mining project in Niger, benefiting the state in terms of revenue, employment, and environmental management.
Significant progress has been made at the Dasa project, with over 1,200 meters of ramp development completed since November 2022, and 7,000 tons of development ore brought to the surface to date.
At present, the uranium spot price stands at US$81.50, a slight increase from the previous week. In other news, Atomic Minerals announced a prospecting program at its Archie Lake project, Madison Metals received permission for nuclear fuel extraction at its Khan uranium project, and Uranium Energy commenced uranium production at its Christensen Ranch ISR operations.
Looking ahead, the uranium sector is poised for further developments, with Stockhouse’s “Thematic Insights” report offering valuable insights into the future of energy. It is important to note that the information provided in this article is for informational purposes only and should not be considered investment advice. Interested individuals can join discussions on stock forums and message boards for more insights into public companies and stock-related topics.
