Latest news with #Saskatchewan
Globe and Mail
4 hours ago
- Business
- Globe and Mail
Denison Mines Unveils New High-Grade Uranium Discovery at Gryphon
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Denison Mines ( (TSE:DML)) has shared an announcement. Denison Mines Corp. has announced the discovery of additional high-grade mineralization at its Gryphon uranium deposit, located near its flagship Phoenix project in northern Saskatchewan. This discovery, made during a successful delineation drill program, is expected to enhance the confidence in Gryphon's mineral resources and potentially expand the deposit's estimated mineral resources. The results support further project development and de-risking efforts, highlighting Gryphon's potential as a competitive, low-cost uranium mining operation. The most recent analyst rating on (TSE:DML) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on Denison Mines stock, see the TSE:DML Stock Forecast page. Spark's Take on TSE:DML Stock According to Spark, TipRanks' AI Analyst, TSE:DML is a Neutral. Denison Mines' overall stock score reflects significant challenges in financial performance due to ongoing losses and cash flow inefficiencies. However, the company's strong equity position and proactive corporate events, such as advancing key projects and strengthening governance, provide a positive outlook for future strategic growth. Technical indicators suggest a cautious approach due to a lack of upward momentum. Valuation metrics indicate the stock is not currently attractive for traditional investors, as reflected by the negative P/E ratio and absence of a dividend yield. To see Spark's full report on TSE:DML stock, click here. More about Denison Mines Denison Mines Corp. operates in the uranium mining industry, focusing on the exploration and development of uranium deposits. The company is primarily engaged in projects in northern Saskatchewan, Canada, with its flagship project being the Phoenix In-Situ Recovery uranium mine. Denison is known for its high-grade uranium deposits, including the Gryphon deposit, which is a significant part of its portfolio. Average Trading Volume: 2,660,758 Technical Sentiment Signal: Strong Buy Current Market Cap: C$2.27B See more insights into DML stock on TipRanks' Stock Analysis page.
Globe and Mail
6 hours ago
- Business
- Globe and Mail
CanAlaska Announces Start of Drill Program at the Constellation Uranium Project
Modern Airborne VTEM Survey and Ground Prospecting Programs Highlighted New Target Areas Drill Program is Fully Partner-Funded Under an Option Earn-In Agreement Saskatoon, Saskatchewan--(Newsfile Corp. - July 21, 2025) - CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQX: CVVUF) (FSE: DH7) (" CanAlaska" or the " Company") is pleased to announce commencement of the 2025 drill program on the Constellation uranium project (the "Project"). The 2025 Constellation drill program will focus on newly developed high-resolution airborne geophysical targets in combination with ground prospecting results. The drill program represents the first ever drill program on the Project. The Constellation Project is located in the southeastern Athabasca Basin 60 kilometres south of the Key Lake Mine and Mill Complex and covers 11,142 hectares (Figure 1). The drill program is currently being sole-funded by Bayridge Resources Corp. (CSE: BYRG) under an option earn-in agreement with the Company. To view an enhanced version of this graphic, please visit: 2025 Constellation Exploration Program The planned 1,100 - 1,400 metre drill program will consist of 3 to 4 drill holes testing multiple targets. Target areas have been generated based on the results from a recently completed helicopter-supported Versatile Time-Domain Electromagnetic (VTEM) survey and ground prospecting program on the Project. The VTEM survey identified and prioritized basement conductors, producing a series of high-priority drill targets. The ground prospecting program was highlighted by elevated uranium anomalies in two target areas (Figure 2). Figure 2 – Ground Prospecting and VTEM Survey Results To view an enhanced version of this graphic, please visit: The Constellation property has favourable geology for basement-hosted uranium deposits. Strong electromagnetic conductors are proven targets associated with unconformity and basement-hosted uranium mineralization in and around the Athabasca Basin. The recently confirmed VTEM conductors on the Constellation Project have never been drill tested. The Company believes the competency contrast of the electromagnetic conductors against the large rigid Archean granite inlier on the Project creates the potential for post-Athabasca structural reactivation. This structural reactivation can create important conduits for the movement of uranium-bearing hydrothermal fluids that interact with graphitic structural zones which may lead to favourable traps and the potential for uranium deposition. CanAlaska CEO, Cory Belyk, comments, "The Constellation project is a product of CanAlaska's ongoing project generator efforts. This project was staked in an area with geological attributes considered important for significant uranium deposition similar to Cameco's Eagle Point Mine and NexGen's Arrow deposits. I look forward to results from the first drillholes ever completed on this project that is very strategically located just 60 kilometres south of the Key Lake Mill." The Constellation project is currently being sole-funded by Bayridge Resources Corp (CSE: BYRG) under an option earn-in agreement with the Company that could see up to $5 million worth of exploration expenditures completed on the Project (See News Release Dated March 26th, 2024). Ground Prospecting and Mapping Results Target Area A - Prospecting and mapping results within Target Area A highlight a priority trend that contains multiple samples with elevated uranium concentrations correlating with mapped structural trends. The maximum uranium value within this trend was 52.5 ppm and is hosted in pegmatites conformable to the regional structural fabric. Target Area B - Prospecting and mapping results within Target Area B are highlighted by the highest uranium concentration from the prospecting program on the Project with a value of 488 ppm. The host rock within this target area consists primarily of psammitic to pelitic gneisses exhibiting pervasive hematite alteration that is locally associated with thin quartz bands. The gneisses, conformable to the regional structural trend, were intruded by a radiometrically elevated granite intrusion. The prospecting results within this target area directly overlie an interpreted VTEM conductor. Geochemical Sampling Procedures All rock chip samples were delivered to the Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon, Saskatchewan in secure containment for preparation, processing, and multi-element analysis by ICP-MS and ICP-OES using total (HF:NHO 3:HClO 4) and partial digestion (HNO 3:HCl), and boron by fusion. Geochemical grab samples were collected from outcrops or sub-crop and assigned to geostations. The SRC is an ISO/IEC 17025/2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals by TerraLogic and the SRC in accordance with Bayridge's quality assurance / quality control (QA/QC) procedures. Geochemical assay data are subject to verification procedures by qualified persons employed by CanAlaska prior to disclosure. CanAlaska cautions investors that grab samples are select samples by their nature and may not necessarily be indicative of similar mineralization on the property. About CanAlaska Uranium CanAlaska is a leading explorer of uranium in the Athabasca Basin of Saskatchewan, Canada. With a project generator model, the Company has built a large portfolio of uranium projects in the Athabasca Basin. CanAlaska owns numerous uranium properties, totaling approximately 500,000 hectares, with clearly defined targets in the Athabasca Basin covering both basement and unconformity uranium deposit potential. The Company has recently concentrated on the West McArthur high-grade uranium expansion with targets in 2024 leading to significant success at Pike Zone. Fully financed for the upcoming 2025 drill season, CanAlaska is focused on Tier 1 Uranium deposit discovery and delineation in a safe and secure jurisdiction. The Company has the right team in place with a track record of discovery and projects that are located next to critical mine and mill infrastructure. The Company's head office is in Saskatoon, Saskatchewan, Canada with a satellite office in Vancouver, BC, Canada. The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Nathan Bridge, MSc., P. Geo., Vice-President Exploration for CanAlaska Uranium Ltd., who has reviewed and approved its contents. On behalf of the Board of Directors "Cory Belyk" Cory Belyk, FGC CEO, President and DirectorCanAlaska Uranium Ltd. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking information All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Actual events or results may differ materially from those projected in the forward-looking statements and the Company cautions against placing undue reliance thereon. The Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
CBC
6 hours ago
- Climate
- CBC
How wildfires are disrupting traplines and raising questions in northwest Sask.
Kelly Patrick wonders how different the boreal forest in northwest Saskatchewan would look if a big push to protect a large swath of it used for trapping and hunting hadn't failed. Patrick led a group that endeavoured to conserve 22,000 square kilometres of forest in the Île-à-la-Crosse area known as N-14 Fur Block, an area home to more than 100 trap lines. Recent wildfires decimated forest habitats in the northwest region, burning up to 90 per cent of N-14 Fur Block, according to one local estimate. "It's devastating," said Patrick, who was executive director for the Sakitawak Indigenous Protected and Conserved Area (IPCA), the group that sought to protect N-14 Fur Block until project funding dried up. "It's devastating because of the lack of respect for First Nations and Métis in that area who have been telling this government and previous governments about the need to allow for Indigenous knowledge to be a part of planning." Over hundreds of years, Métis, Woodland Cree and Dene people in the area have gathered knowledge to manage the land. The Sakitawak IPCA would have relied on local knowledge to establish sustainable forest management practices. A "fur block" is a defined area in which approved trappers are allowed to harvest fur. The designation does not trigger extra forest management or protection measures. Acting Île-à-la-Crosse Mayor Vince Ahenakew said the Muskeg fire that he estimates burned about 90 per cent of the N-14 Fur Block this summer is worse than the blaze that tore through it two years ago. The area is home to vulnerable species including the woodland caribou. "A lot of [animals] are having their young right now, little rabbits, the moose and bears," Ahenakew said. "You kind of feel sorry for them, as well for the people that are suffering from these fires. There seems to be no end in sight. There's dry, dry, dry weather and wind every single day." The provincial government could not confirm how much land in N-14 Fur Block burned so far this year. Dale Barks, an ecologist with the Ministry of Environment, said aerial surveys could be done this fall. "Once the fires are kind of dissipated, we can see how much is burned [and] we get an assessment of what's left after the fire," Barks said. Forests ecosystems have adapted to wildfire cycles, which help regeneration and provide diverse habitats in various stages of growth. But the benefits aren't always a comfort for people who rely on the land, Barks said. "Once the forest fire moves through ... there's really not a whole lot to do unless that trapper can find patches of habitat elsewhere in the trap line that haven't been disturbed." Wildfires in the province have burned more than 2 million hectares of land so far this year. The Saskatchewan Public Safety Agency (SPSA) said 942,173 hectares were burned during last year's wildfire season. That's just behind the 1,722,610 hectares burned in 2015 and the 1,868,695 hectares burned in 2023. Patrick said climate change is rapidly changing the ecosystem and severity of wildfires.
Yahoo
7 hours ago
- Business
- Yahoo
BHP faces $1.7bn blowout at Jansen project, production pushed to mid-2027
BHP Group has announced a delay and a potential cost overrun of up to $1.7bn (A$2.61bn) at its Jansen potash project in Canada. This comes as the miner reported 'record' copper and iron ore production for fiscal year 2025 (FY25). The Jansen project is crucial to BHP's strategy to diversify its portfolio, with more than a decade invested in its development. The Australia-based mining giant now expects the first stage of the Jansen project to cost between $7bn and $7.4bn, a substantial increase from the initial $5.7bn estimate. BHP attributes the rise to escalated costs, design and scope modifications, and lower than expected productivity. Additionally, the miner has delayed first production to mid-2027, a setback compared with the earlier target of 2026. It is also contemplating a two-year postponement for the second stage of the Jansen project, moving the target to FY31. This decision aligns with the expectation of additional potash supply entering the market in the medium term. In a statement, the company said: "Given potential for additional potash supply coming to the market in the medium term, and as part of our regular review of the sequencing of capital projects under the capital allocation framework, we are considering a two-year extension for the execution of Jansen Stage 2." Despite the challenges at Jansen, BHP highlighted its strong operational performance, with a 'record' copper output of more than two million tonnes (mt) in FY25. However, the company forecasts a decrease in production in FY26 to between 1.8mt and 2mt due to anticipated lower grades at the Escondida mine in Chile. Iron ore production also reached a new high, with BHP's Western Australia operations producing 290mt for the year. In another move, BHP revealed it is evaluating the potential sale of its Western Australia Nickel assets. These assets were placed into temporary suspension late last year amid oversupply in the global nickel market and a sharp plunge in forward consensus nickel prices. The company plans to review the suspension in February 2027. Meanwhile, last month, BHP announced it will collaborate with XCMG Mining Equipment to deliver fleet solutions across its operations worldwide. "BHP faces $1.7bn blowout at Jansen project, production pushed to mid-2027" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
CBC
8 hours ago
- CBC
Why are so many federal inmates dying shortly before their release date?
Kendal Lee Campeau spent most of his life in and out of prison. The last time he went in, he never came out. He was serving a seven-year sentence for assault, escaping lawful custody and possession of illicit substances, among other charges. In 2021, less than two years from his statutory release date, the 31-year-old died of a methadone overdose. Campeau died at Pacific Institution's Regional Treatment Centre (RTC) in B.C., a specialized prison for inmates with mental health issues. Prior to this, he had been transferred from Saskatchewan Penitentiary's RTC to Kent Institution in Agassiz, B.C. "Kendal was a very wild child, he got into a lot of trouble with the law," Campeau's sister, Ashley Fontaine, recently told CBC News, while sitting on her plant-filled deck in Garson, Man. "All he ever said about his experience in jail is that you never want to go there." Campeau had a little more than a year and a half left on his determinate sentence before he would be eligible for release. It's part of a larger trend of inmates dying with little time left to serve. A "determinate sentence" means an offender has a fixed date of release, at which point, barring extenuating circumstances, they will be released on parole for the final third of their time. An indeterminate — or indefinite — sentence is awarded when the court finds the offender to be a "dangerous offender." This means the inmate will still be eligible for full parole after seven years, but if it isn't granted, their time in prison will continue indefinitely. A package released to CBC in April by the Correctional Service of Canada through a freedom of information request showed the leading cause of death for inmates serving determinate sentences between January 2019 and February 2025 was suicide. Overdoses came a close second. The data said 45 per cent of inmates who died by suicide on their timed sentence had already served more than three-quarters of it; 39 per cent had served more than half. Anxiety over release Of the total number of non-natural deaths — which includes not only suicides and overdoses but homicides and accidents — 72 per cent were inmates serving determinate sentences. Suicide made up 47 per cent of non-natural deaths for those serving indeterminate sentences. In other words, inmates with a fixed release date were dying more frequently than those who were inside indefinitely — and close to when they were due to get out. Four days after CBC received the package of data from the Correctional Service of Canada, CSC sent CBC an email saying it had been sent in error and asked, "If you could please kindly delete the version you received on April 4, it would be most appreciated." Attached to that email was a second version of the package. While the original contained no redactions, the new one was almost entirely redacted. CBC has decided to share the original findings anyway. Toronto defence lawyer Alison Craig says release dates can act as a catalyst for already extenuating circumstances. "Your release date comes, the door opens, they say, 'Goodbye, good luck,' and you're out there to fend for yourself with no help, no support, no nothing," she told CBC News. The original CSC data showed that 60 per cent of inmates who committed suicide during their timed sentences had been released and subsequently re-incarcerated in less than three months. "Many of the people that are sort of on a course of just cycling in and out of custody are people who don't have homes, they're unhoused, they don't have families, they struggle with addiction or mental health issues," Craig said. "They want to be productive members of society. Nobody wants to spend their life going in and out of jail. But they also need help … and they don't ever have it." 'You're just breaking down' Former inmate Richard Miller says the mental anguish of being incarcerated is often where the pot boils over. "Emotionally, it's very … disturbing. Your rights and your dignity is kind of stripped from you. A lot of times, people's mental health, you know, plays a big part in it," he said. "You're just breaking down that you're not worth anything." Miller was incarcerated on and off at multiple federal facilities in Ontario for aggravated assault and subsequent parole violations between 2012 and 2017. He thinks he was moved around because he was speaking out about treatment from officers. He said a lot of time people bottle up the things they're experiencing because they feel there won't be repercussions for those who have wronged them on the inside. This creates a mindset of demoralization. "A lot of times guys are in there for a long time. They just give up. 'What am I going out to? I don't have any family.' [They] might have been here 26 years. You know, their family and their loved ones are all gone," Miller said. In some instances, the anguish comes from feeling a lack of safety, which was the case with Kendal Lee Campeau. According to his sister, Campeau had long struggled with mental health and managing his well-being, which was only exacerbated by his experience in prison. Fontaine remembers when Campeau first told her he was being abused in prison. She was on her way to Banff, Alta., for work in September 2019. "I took a call on my headphones while I was driving, and I was trying not to cry because of the things he was sharing with me over the phone," she said. When she later had a moment to process it, she was overwhelmed. "I just curled up into the fetal position. Those kinds of things that you just don't hear. I knew his mental health was deteriorating." According to Campeau, two correctional officers came to his cell asking him to mop his room. He initially refused, at which point he said the officers urinated in the bucket and proceeded to kick it over. From there, a physical altercation ensued, which Campeau had initiated in retaliation. Campeau told his sister the officers then rushed him, restrained him and raped him using the mop handle. He tried to take his own life shortly thereafter. In a statement to CBC, Correctional Service Canada said "CSC manages a complex and diverse inmate population which has a direct impact on the safety and security of institutions… Our staff are trained to handle tough situations safely and professionally, with the goal of avoiding harm to anyone." 'I do not trust a person in a uniform' Documents obtained by CBC News show Campeau had at one point gone so far as to file his own freedom of information request trying to obtain proof to corroborate an assault he claimed to have experienced. He also filed multiple grievances, writing things like "I am scared and living in fear for my own personal safety, I have self harmed as a result," and "I wet the bed and pace more than usual. I do not trust a person in a uniform" and "I have attempted to discuss my concerns with the [security intelligence officer] department and several correctional managers." When Campeau died on Nov. 14, 2021, of an overdose, it was his second one of the day. In their statement, CSC said, "Inmates are screened for suicide risk when they arrive and throughout their time in custody. Staff who work closely with inmates are trained to respond quickly to self-harming behaviour or to signs of suicide ideation." After a death in custody, an investigation is mandatory. The investigation report on Campeau's death cites 25 compliance issues. Among them is the fact that upon his arrival at Kent Institution, a proper risk assessment for suicide and security was not completed, despite the fact that Campeau had a history of suicidal ideation and "self-injurious behaviour." Evidence in his cell upon his death was also "not preserved and therefore not tested." The report said the two correctional officers conducting the search "discovered a burned piece of tinfoil with what appeared to be remnants of illicit substances on it. Unfortunately, the suspected contraband was inadvertently disposed of in the toilet." Fontaine isn't sure her brother's overdose was an accident. "I go back and forth with it … I believe something happened to him, but I don't know if it happened at the hands of the guards or inmates or both." She says her brother told her at one point that the officers gave him a razor blade and told him to kill himself. Records indicate he was found in the shower with large cuts on his arms and leg around this time. "Kendal spent a lot of time locked up. He mentioned to me during phone calls that he just wanted all of it to end." Lack of support Craig said that one problem is that there aren't enough effective programs to help inmates transition to parole release. "They focus on … your risk factors and how to avoid stressors and that sort of thing to avoid coming back," she said. "But they don't help you plan the practicality of release: where you're going to live, who you're going to live with, how you're going to earn a living, those sorts of things." Today, Fontaine wishes she could have just one more phone call with her brother. "Sometimes I just wish he could call me," she said. "The only thing I have left is his voicemail … when I'm struggling sometimes I'll listen to that voicemail, and it's not always positive, but there's some humour in there that makes me laugh."
