URANIUM STOCKS / NEWS
URANIUM STOCKS
Adriana Resources Inc., to International Montoro Resources Inc |
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URANIUM STOCKS
Jnr Resources Inc to RPT Uranium Corp
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URANIUM STOCKS
Santoy Resources Ltd. to Yellowcake Mining Inc.
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DID
YOU KNOW?
Uranium is a very heavy (dense) metal which
can be used as an abundant source of concentrated
energy.
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It occurs in most rocks in concentrations
of 2 to 4 parts per million and is as common
in the earth's crust as tin, tungsten and molybdenum.
It occurs in seawater, and could be recovered
from the oceans if prices rose significantly.
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It was discovered in 1789 by Martin
Klaproth, a German chemist, in the mineral called
pitchblende. It was named after the planet Uranus,
which had been discovered eight years earlier.
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Uranium was apparently formed in super novae about
6.6 billion years ago. While it is not common
in the solar system, today its radioactive decay
provides the main source of heat inside the
earth, causing convection and continental
drift.
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The high density of uranium means that
it also finds uses in the keels of yachts and
as counterweights for aircraft control surfaces
(rudders and elevators), as well as for radiation
shielding.
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There is no formal exchange for uranium as there is for other commodities such as gold or oil. Uranium price indicators are developed by a small number of private business organizations, like The Ux Consulting Company, LLC (UxC), that independently monitor uranium market activities, including offers, bids, and transactions. Such price indicators are owned by and proprietary to the business that has developed them. The Ux U3O8 Price is one of only two weekly uranium price indicators that are accepted by the uranium industry, as witnessed by their inclusion in most “market price” sales contracts, that is sales contracts with pricing provisions that call for the future uranium delivery price to be equal to the market price at or around the time of delivery.
Ux U3O8 Price © UxC.com The Ux U3O8 Price is the longest-running weekly uranium price series, dating back two decades. In addition to being used by the industry in sales contracts, Ux price indicators have been referenced by the U.S. Government in the determination of price-tied quotas and for determination of prices in the highly enriched uranium (HEU) deal between the U.S. and Russian Governments. Ux price indicators are also referenced in The Wall Street Journal and other major media publications when they discuss uranium price developments.
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