Australia and India finalise uranium export deal

As investors cotton on to the generally positive movements in the uranium price, the outlook for uranium explorers and producers is also improving. GTi Resources (ASX: GTR) first came to investors’ attention in April this year, following the announcement that it was in possession of a number of past producing uranium and vanadium properties located in Utah, USA and would start its maiden drill program at the highly prospective Jeffrey Project. In March/April, this company was an unknown microcap stock priced below 1c, but with momentum in the story over May, the company’s share price ran to over 5 cents. It has since retreated to 2.7 cents. However the company’s project is more advanced than back in May and could...

BY ELIZABETH FABRI   GLENCORE has hosed down industrial union claims of ‘slavery-like conditions’ at its cobalt mines in the Democratic Republic of Congo (DRC).   In March, IndustriALL Global Union published a ‘fact-finding mission’ report at the request of IndustriALL affiliate TUMEC which described harsh working environments at both the Kamoto Copper Company and Mutanda mines. It alleged workers were only allowed 750ml of drinking water per 12-hour shift and were provided expired food and no “decent eating places” with protection against the elements. It also claimed there was no “proper showers or ablution facilities” at the mines, and had been no salary increase for workers in five years. The union said it had written to Glencore chief executive...

TEMPUS Resources (ASX: TMR) has raised $4 million to fund its next stage of exploration at its low risk, high producing, high grade mine in British Columbia, Canada. Tempus has two major projects: Blackdome-Elizabeth in Canada and Zamora in Ecuador. The two projects offer investors a good balance of a high-risk, high reward play against certainty (in Canada), where there is an existing resource Tempus feels it can expand on. Much of the money raised will go towards the Blackdome-Elizabeth Project, which comprises the Blackdome Gold Mine and Elizabeth Gold Deposit located in the Tier-1 jurisdiction of British Columbia, Canada. Blackdome and Elizabeth are two deposits, making up one project that is significantly de-risked by previous production history, with demonstrated...

The US signed eleven new bilateral critical minerals frameworks with allies as part of its efforts to shift China’s dominance over the global industry.