Uranium Mining Running Low On Cash

SMH reported resource companies, including uranium miners, may consider selling assets as they run low on cash nearing Christmas.

As quoted in the market news:

Cash reserves across the Australian resources industry have halved over the past two years when measured as a percentage of total assets, highlighting the predicament of an industry that appears ripe for a round of rationalisation and consolidation.

Significant names in the resources space including Lynas Corporation, Paladin Energy, Gindalbie Metals and Alumina Limited will all face hard decisions about their finances within months if long-expected funding solutions and approvals do not pan out.

Click here to read the full SMH report.