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Uranium firms adjust to COVID-19 impact

Kazatomprom's uranium inventory will enable it to meet its commitments should mine production or the ability to physically deliver material be impacted by the COVID-19 outbreak, the company said yesterday. Meanwhile, GoviEx Uranium Inc has cancelled the second tranche of a non-brokered private placement offering, while NxGold Ltd and Mega Uranium Ltd have mutually agreed not to proceed with a proposed business change that would have seen Nx become a uranium-focused investment issuer.