A former investment banker is leading the flotation of a new company that plans to buy up and store huge quantities of uranium in anticipation of a jump in its value. Peter Bacchus, previously of Jefferies and Morgan Stanley, is masterminding the initial public offering of Yellow Cake, which is seeking to raise between $160m (£120m) …
Plateau Energy Metals Inc. (“Plateau” “PLU” or the “Company“)(TSX VENTURE:PLU)(FRANKFURT:QG1)(OTCQB:PLUUF), a lithium and uranium exploration and development company, is pleased to announce the inclusion of the new Falchani Lithium discovery area into the on-going, now expanded, Environmental Baseline Study for the Macusani lithium and uranium projects in southeastern Peru. The expanded baseline study has been …
Japanese utility Kansai Electric Power Company is to cut its electricity prices for customers by more than 5% on average following the restart of units 3 and 4 of its Ohi nuclear power plant and the subsequent reduction in fuel costs. The company made a similar price cut last August after units 3 and 4 …
Dr. Yousry Abu Shady As Egypt is standing on the verge of starting the construction of its first nuclear power plant at El Dabaa, it is becoming obvious that the country and the Matrouh province, where the plant will be located are in more a much more profound and far-reaching transformation than just the energy …
Japan’s hopes of keeping its nuclear fuel recycling program alive faces another major obstacle with signs from France that a reactor project there will be scaled back because of swelling construction costs. After the nuclear fuel recycling program suffered a heavy blow with the decision in late 2016 to decommission the Monju prototype fast-breeder reactor, …
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan. Improving prices Following the prior week’s spurt of activity and breakout 5% price jump, the uranium spot market was again busy last week …
The United Arab Emirates has postponed plans to start up its first nuclear reactor until at least the end of 2019. Nawah Energy Company, the operator of the Barakah Nuclear Energy Plant, said it “has completed a comprehensive operational readiness review” for the updated start-up schedule. “The results of Nawah’s review forecast that the loading …
French reactor firm Framatome has entered a deal to design, manufacture and supply fuel assemblies made from enriched reprocessed uranium (ERU) to utility firm EDF between 2023 and 2032. Framatome has noted that the collaboration is subject to administrative and regulatory authorisations. The reactor firm is to fabricate the fuel assemblies at its facility in …
Jordan’s Atomic Energy Commission and Rusatom Overseas (Russian Rosatom corporation) signed an agreement, according to which a project for the construction of a Russian-design small modular reactor will be built in Jordan. As RNS reports on Monday citing Rosatom’s message, the agreement envisages conducting the project’s feasibility study and allows the parties to benefit from the cooperation …
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has struggled over the years, but it looks as though the stock is finally gaining some steam. Over the past three years, its share price has dropped more than 26%, but year-to-date the stock has risen more than 18%. Low uranium prices have made life difficult for Cameco and forced the company …
