New Areva announced today it has been renamed Orano. New Areva comprises Areva’s nuclear fuel cycle activities that remained after the spin-off and subsequent sale of its reactor business. New NP – Areva’s former reactor business – was renamed Framatome earlier this month. Orano is focused on nuclear materials development and waste management and its activities encompass …
Russia and Argentina signed Tuesday a memorandum of understanding to advance uranium exploration and production in the South American country, which already generates 5% of its electricity with three heavy-water nuclear reactors. The deal, sealed during a visit by Argentine President Mauricio Macri to Moscow, could bring up to $250 million in investments into the country’s sector, according …
Uranium stocks may not have had a great 2017, but industry sentiments turned increasingly bullish as the year drew to a close. With the world’s largest uranium miners striving to revive the beleaguered industry, they may have already averted a price meltdown by providing uranium prices a floor last year. Investors in uranium stocks, therefore, …
(Reuters) – Uranium producers’ deliberate cuts to production should finally begin to prop up prices next year as reserves of the rare metal dwindle and nuclear power generators rush to lock-in long-term contracts, according to sector veteran John Borshoff. Shares in uranium producers briefly rose late last year after the world’s biggest listed producer Cameco …
Vancouver, BC – Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce the Company’s option partner AREVA Resources Canada Inc. (“AREVA Resources”) will be commencing a planned 4,500 metre diamond drill program at the Preston Uranium Project. The project is located in the western Athabasca Basin near NexGen Energy Ltd.’s high-grade Arrow deposit hosted on its …
VANCOUVER (miningweekly.com) – “The disconnect between price and value is as stunning as I’ve ever seen,” founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. “If you’re on the fence on getting into uranium… Do you want it for free? The value proposition is so compelling …
The Indian Government is looking at both boosting the indigenous production of Uranium and its import to keep up the operation of nuclear reactors at their rated power. India, as per the vision laid down by the Department of Atomic Energy (DAE), intends to achieve a ten-fold increase in indigenous Uranium production by 2031-2032. The …
The two largest uranium producers in the country, both operating in Wyoming, are asking President Donald Trump for relief from one of their greatest challenges: foreign imports. Denver-based Energy Fuels and Ur-Energy petitioned the Department of Commerce to look into whether imports from dominant uranium producers, like Russia, pose a national security risk. The firms …
WASHINGTON (Reuters) – The chair of the Senate’s Environment and Public Works Committee said on Thursday he wants the Commerce Department to investigate the impacts of uranium imports from Russia and central Asia on national security, backing a request from two U.S. uranium mining firms who filed the petition. “America’s ability to produce uranium is …
Small modular reactors are stirring up interest among municipalities in Finland, according to Tekniikka & Talous. The innovation and technology-oriented weekly has revealed that the list of municipalities that are exploring the possibility of commissioning a small modular reactor includes Espoo, Helsinki, Kirkkonummi and Nurmijärvi. Small modular reactors (SMRs) are a type of nuclear fission reactors …
