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Definitions (21)
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concentrate
The product resulting from the milling of uranium ore, typically containing 80 -- 90% U3O8, which is also referred to as "yellowcake". It is usually easured in terms of pounds of contained [..]
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Converter
The operator of a facility licensed to receive, store and transform U3O8 into another chemical form suitable for subsequent processing.
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highly enriched uranium
Any form of uranium with a U-235 concentration of 20% or higher.
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indicated mineral resource
An 'Indicated Mineral Resource' is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics, can be estimated with a level of con [..]
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inferred mineral resource
An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reas [..]
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measured mineral resource
A 'Measured Mineral Resource' is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are so well established that they can [..]
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Mineral reserve
A Mineral Reserve is the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study. This Study must include adequate information [..]
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mineral resource
A Mineral Resource is a concentration or occurrence of diamonds, natural solid inorganic material, or natural solid fossilized organic material including base and precious metals, coal, and industri [..]
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Spot market
The buying and selling of uranium products for delivery within one year.
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U-235
The only naturally occurring isotope of uranium which is capable of fission and is present in approximately 0.71% by weight in natural uranium.
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