Paladin Energy may place its Langer Heinrich uranium mine in Namibia on care and maintenance in response to difficult market conditions.
Celsius Resources has revealed what it describes as a “globally significant potential cobalt source” at the Opuwo cobalt project in Namibia, southern Africa, sending the company’s shares flying on the ASX today.
Western Australia-based Celsius Resources has recovered notable levels of cobalt during testing at its Opuwo project in Namibia.
The uranium sector’s pricing doldrums are destined to mother a bull market in the near to short term, according to Bannerman Resources managing director Brandon Munro.
Paladin Energy is planning an extensive financial restructure as it continues to face challenges in the global uranium market.
Erin Resources has acquired licences to grow cannabis in Namibia.