Peregrine Considering Open-pit Diamond Mining on Baffin Island

Peregrine Diamonds has reported the results of an independent preliminary economic assessment (PEA) for phase-one development of an owner-operated, open-pit mining project on its Chidliak diamond project on south Baffin Island, Nunavut, Canada. The Chidliak PEA proposes sequential mining of two kimberlite pipes, CH-6 and CH-7. Production would average 1.2 million carats/year over a mine life of about 10 years.

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Energy Fuels Buys Mesteña Uranium

Energy Fuels has acquired Mesteña Uranium and its Alta Mesa in-situ recovery (ISR) uranium production facility in Brooks and Jim Hogg counties, south Texas. Alta Mesa operations are currently on standby but could be ramped up to commercial production levels within approximately six months of a positive production decision by Energy Fuels, with only minimal capital requirements. The all-share transaction valued Mesteña at about $11.4 million.

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Stornoway Commissioning Renard Processing Plant

Stornoway Diamond Corp. began commissioning the processing plant at its Renard diamond project in the James Bay region of north-central Quebec in late June. The commissioning process is expected to take several weeks and will include operation of the plant’s crushers, vibrating screens, conveyors, pumps, diamond recovery circuits, and processed kimberlite management systems, first with water and then with ore.

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McClean Lake Approved to Increase U3O8 Production

Areva Resources Canada has obtained approval from the Canadian Nuclear Safety Commission to increase U3O8 production at the McClean Lake mill in northern Saskatchewan from 13 million to 24 million lb/y. The mill is owned by Areva (70%), Denison Mines (22.5%), and OURD Canada (7.5%). Areva is the operator. Since 2013, the mill has been through an upgrade and expansion program to improve, modernize, and increase the capacity of its various circuits, so it has capacity in place to meet higher production targets.

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