that’s right urnm etf has just been recently adding toe to there...

that’s right urnm etf has just been recently adding toe to there holdings !!!

Cameco Corp still set on WA uranium mine, despite Indigenous opposition

Company not backing away

Cameco Corporation declined an interview with the ABC, but said market conditions had hindered the project.

"Economic conditions and the state of the uranium market since the project was approved did not support significant expenditure on development activities," communications director Jeff Hryhoriw said.

But the major mining company said it was committed to the long-term prospect of mining the mineral in WA.

Canada-based Cameco Corporation spent US$430 million acquiring the Yeelirrie uranium deposit, near Wiluna in the northern Goldfields, in 2012.

There is a lesson here for Vimy Resources and their investors - who are bucking the trend and are continuing to throw more money at their beleaguered Mulga Rock project - that mining uranium in WA is uneconomic," Ms Pepper said.