In the mining industry, uranium is a by-product of Sibanye-Stillwater’s – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ – gold production, which is a special feature. Sibanye-Stillwater is a producer of gold, platinum, palladium and other raw materials on five continents. The Cooke operation therefore produces uranium as a by-product of gold production. The uranium is separated out, enabling the company to optimize gold mineral resources. Most of the uranium comes naturally from the uranium properties and is usually extracted by in-situ leaching.

The largest known uranium reserves lie dormant in Australia. Elections will be held there in May 2025. The Liberal Party leader, if he becomes the new prime minister, plans to build seven nuclear power plants and invest in two mini reactors (SMRs). So far, Australia has had a difficult relationship with nuclear energy. Down Under, the cost of living is high, and many people are suffering from an energy crisis. Incidentally, Australia is planning the largest renewable energy project in the world with 3,000 wind turbines and 60 million solar panels. If the plans for the construction of nuclear power plants were to become reality, it would still take many years for new mines to be developed. There are particularly high-grade uranium deposits in the Athabasca Basin in Saskatchewan.

Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ -, for example, has promising uranium projects there covering an area of around 237,000 hectares.

Current company information and press releases from

Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -) and Sibanye Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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