GoviEx Uranium Inc and Denison Mines Corp have announced the execution of a definitive share purchase agreement to combine their respective African uranium mineral interests and create "the leading Africa-focused uranium development company".

Denison Mines will focus on its activities in Canada's Athabasca Basin in 2016, according to the company's end-of-year analysis. The company sold its Mongolian assets in December and hopes to spin out or sell its African portfolio when market conditions permit.

The Mongolian government has agreed to pay Khan Resources $70 million to end a dispute over its 2009 cancellation of the Canadian mining company's uranium licences. Mongolia had been seeking to overturn a ruling by an international arbitration tribunal that it must pay $100 million in compensation.

Energy Fuels is to take full ownership of the Roca Honda uranium project in New Mexico and has also announced that it is to acquire Mesteña Uranium, operator of the Alta Mesa in-situ leach (ISL) uranium project in Texas.

Paladin Energy has reported a net loss after tax of $22.9 million for the six months to 31 December 2015, which is a 66% improvement on its loss of $67.2 million a year earlier. As well as announcing its half-year and quarterly results yesterday, the Perth-based, African-focused uranium miner said it had appointed Alexander Molyneux as CEO following his six-month stint as interim head.

UPDATED Cameco has reported resource figures for the Fox Lake uranium deposit for the first time, at the end of a quarter which also saw the company write down CAD 210 million ($151 million) related to its Rabbit Lake operation.

The governments of Denmark and Greenland have confirmed the signing of a series of agreements last month setting the framework for future cooperation on foreign, defence and security policy issues related to the mining and commercial export of uranium.

Niger has approved GoviEx's mining permit application for the Madaouela 1 tenement area, the company announced today. The approval means that the project is now fully permitted for construction and production.

Rosgeologia, the Russian state-run geological exploration services company, has identified "promising" uranium deposits in the North-West Federal District of Russia. The announcement yesterday followed completion of a survey of the Kuol-Panayarvinskaya area on the border of the Murmansk region and the Republic of Karelia.

An agreement has been reached between Denmark and Greenland on how they will cooperate on foreign, defence and security policy issues related to the mining and commercial export of uranium from Greenland.

CGN Mining and Fission Uranium Corporation have entered into agreements that will see CGN Mining take a 19.9% share in the Canada-based resource company and purchase up to 35% of annual production from the Patterson Lake South project.

Cameco expects the Cigar Lake operation to produce 16 million pounds of packaged uranium concentrate (U3O8) - equivalent to 6154 tU - in 2016, the company announced yesterday. Full achievement of the production outlook will depend on regulatory approvals to increase the production at the McClean Lake mill, where ore from Cigar Lake is milled and packaged.