Currently viewing Global edition

UEX may sell cobalt prospect

With cobalt near its highest level in nearly a decade and looking to keep running, uranium miner UEX Corp (CN:UEX) is planning to “unlock the value” of its West Bear cobalt-nickel prospect in northern Saskatchewan.

UEX may sell cobalt prospect UEX may sell cobalt prospect UEX may sell cobalt prospect UEX may sell cobalt prospect UEX may sell cobalt prospect

UEX Corp wants to stay focused on its Christie Lake uranium project

Located adjacent to a UEX uranium deposit in the Athabasca, the cobalt deposit has been idle since last being drilled in 2005, and virtually forgotten, judging by the reaction of shareholders.