The opportunity to provide carbon-free power to pair with renewables, combined with promises of increased safety over traditional nuclear plants, appear to be opening the door to the use of small modular reactors (SMRs) as a source of baseload power. “The world isn’t getting smaller,” said Chris Colbert, chief strategy officer for SMR designer NuScale Power. “Not …
IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to announce that it has closed the previously announced $4 million non-brokered private placement consisting of 5,882,352 common shares at a price of $0.68 per share (the “Private Placement”). The proceeds from the Private Placement will be used for exploration on the Company’s …
Unit 5 of the Tianwan nuclear power plant in China’s Jiangsu province has been connected to the grid for the first time. The 1080 MWe domestically-designed ACPR1000 pressurised water reactor achieved the milestone at 19:52 local time on 8 August, China National Nuclear Corporation announced today. The unit, which achieved first criticality on 27 July, …
Using nuclear energy to produce hydrogen, desalinate seawater and heat buildings can further enhance nuclear power’s contribution to climate action while also boosting its economic viability, speakers at a recent IAEA webinar said. Nuclear power accounts for around one-third of global low carbon electricity production. But in addition to powering millions of homes and businesses, …
Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (“MD&A”) for the quarter ended June 30, 2020. Both documents can be found on the Company’s website at www.denisonmines.com or on SEDAR (at www.sedar.com) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and …
The world’s largest oil-exporter Saudi Arabia, with the help of China, has built a facility for the extraction of uranium yellowcake – a potential precursor to fuel for a nuclear reactor. The facility has been built in a remote desert location near the small city of Al Ula. The uranium yellowcake extraction facility has not …
Hot stuff The covid-19 pandemic has heavily impacted global uranium production, taking around 20% of global capacity offline. This has exacerbated the supply deficit, leading to users running down inventories at an even faster rate. The net effect has been a rising uranium price (up 32% so far in 2020), but the managers of Geiger …
Today, Uranium Producers of America President and Chief Operating Officer of Energy Fuels Inc. (NYSE AMERICAN: UUUU; TSX: EFR), Paul Goranson, testified before a U.S. Senate Committee on Environment and Public Works (EPW) hearing in support of the American Nuclear Infrastructure Act, draft legislation released by EPW Chairman John Barrasso (R-WY) to help revitalize the domestic uranium industry and reclaim American …
Kazakhstan’s JSC National Atomic Company Kazatomprom plans to return staffing levels at its uranium mines to normal by around the end of this month. The number of employees at the mine sites was reduced between April and July in response to the COVID-19 pandemic. In a trading update yesterday, the company said: “Thanks in part …
Kenya’s nuclear agency submitted impact studies for a $5 billion power plant, and said it’s on course to build and start operating the facility in about seven years. The government looks to expand its nuclear-power capacity fourfold from a planned initial 1,000 megawatts by 2035, the Nuclear Power and Energy Agency said in a report …