THE nuclear power industry, which had been in the doldrums since the 1980s, suffered a devastating blow in 2011 when a tsunami engulfed the Fukushima power plant in Japan, ultimately causing a meltdown. The amount of electricity generated by nuclear power worldwide plunged 11% in two years, and has not recovered since. Within this declining …
Shimane Gov. Zembee Mizoguchi expressed an intention Tuesday to approve Chugoku Electric Power Co.’s plan to operate its new nuclear reactor, paving the way for the utility’s application for government screening. The city of Matsue, which hosts the Shimane nuclear plant, the neighboring Tottori Prefecture and other cities in the two prefectures located within 30 …
Fission Uranium (TSX: FCU; US-OTC: FCUUF) is currently in the midst of a $6.4 million summer work program at its near-surface Patterson Lake South (PLS) uranium project in northwestern Saskatchewan. It aims to complete the remaining resource and geotechnical drilling to field a pre-feasibility study (PFS) in 2018’s fourth quarter. PLS contains the Triple R …
The National Defense Authorization Act, recently passed by Congress, includes language directing the Secretary of Energy to develop a pilot program and report on the possibility of deploying micro-reactors at national security facilities. The report would identify the best locations for micro-reactors to secure power generation for Department of Defense (DOD) and Department of Energy …
Britain should offer developers of mini nuclear plants subsidies similar to those made available to the offshore wind industry, an independent review commissioned by the government said on Tuesday. Britain needs to invest in new power generating capacity to replace aging coal and nuclear plants that are due to close in the 2020s, and is …
Ur-Energy Inc. (NYSE American:URG, TSX:URE) (“Company” or “Ur-Energy”) announces it will host a webcast/teleconference tomorrow, August 7, 2018. We will discuss the Company’s operational results at the fifth anniversary of production operations at Lost Creek, as well as current events in the uranium industry. We will also provide an update on the Section 232 trade …
Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), today reported its financial results for the quarter ended June 30, 2018. The Company’s quarterly report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission (“SEC”), and may be viewed on the Electronic Document Gathering and Retrieval System …
Republican and Democratic U.S. senators introduced legislation on Thursday to impose stiff new sanctions on Russia, the latest effort by lawmakers to punish Moscow over interference in U.S. elections and its activities in Syria and Ukraine. The bill includes restrictions on new Russian sovereign debt transactions, energy and oil projects and Russian uranium imports, and …
Uranium Participation Corporation (“UPC”) (TSX:U) reports its estimated net asset value at July 31, 2018 was CAD$592.6 million or CAD$4.29 per share. As at July 31, 2018, UPC’s uranium investment portfolio consisted of the following: (in thousands of Canadian dollars, except quantity amounts) Quantity Fair Value Investments in Uranium: Uranium oxide in concentrates (“U3O8“) …
French nuclear and hydro output continued to rebound in July from record-lows in 2017 helping to boost the French power surplus despite heat wave conditions, data by grid operator RTE aggregated by S&P Global Platts Analytics show. Nuclear output in July was up 2.8% on year at 28.9 TWh with output so far this year …