The world’s largest operating uranium mine will be temporarily suspended, further disrupting a market “already coiled like a spring”. In 2020, COVID-19 interruptions to uranium supply has doubled the structural deficit – the difference between supply and demand — to 40 million pounds. That’s more than 20 per cent of annual uranium consumption. Yesterday, major …
For Immediate Release – Not for Dissemination in the United States or through U.S. Newswire Services Toronto, Ontario, December 15, 2020– Purepoint Uranium Group Inc. (TSXV: PTU) (the “Company”) announced today that it has increased the size of offering of its previously announced $1,250,000 Private Placement (December 8, 2020) to $1,925,400. Due to the …
Canadian uranium miner Cameco has opted to temporarily suspend operations are its Cigar Lake operation in northern Saskatchewan, Canada, due to increasing risks posed by COVID-19. The company said that the entire province has been experiencing a “significant negative trend in the pandemic” that has left Cameco uncertain for the mine’s continuous operation as the pool of …
New Monazite Supply Agreement with The Chemours Company Supports Energy Fuels’ Efforts to Help Reestablish Key U.S. Supply Chain LAKEWOOD, Colo., Dec. 14, 2020 /CNW/ – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that it has entered into a three-year supply agreement with The Chemours Company (NYSE: …
Cameco (TSX: CCO; NYSE: CCJ) announced today that it will be temporarily suspending production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks due to the increasing risks posed by the Coronavirus (COVID-19) pandemic. Saskatchewan is experiencing a significant negative trend in the pandemic, which is leading to increased uncertainty for …
The levelised costs of electricity generation of low-carbon generation technologies are falling and are increasingly below the costs of conventional fossil fuel generation, according to a report by the OECD Nuclear Energy Agency (NEA) and the International Energy Agency (IEA). The cost of electricity from new nuclear power plants remains stable, yet electricity from the …
As the spot uranium price remains range-bound, Elon Musk predicts electricity demand will double by 2040 and nuclear must play a role. -Nuclear’s role to meet electric vehicle uptake -Silex Systems advances enrichment agreement -Uranium spot price continues to trade between US$29.00-30.00/lb By Mark Woodruff Media outlets have widely reported Tesla CEO Elon Musk’s comments that …
– Testing of Barakah Unit 1 safely delivers 100% power to the UAE Grid, a new milestone in safe, clean and abundant clean energy to power the growth of the Nation – Unit 1 now single largest power generator in the UAE as it steps closer to commercial operations, due to begin early 2021. …
DOE Programs Support Cross-Cutting Research WASHINGTON, D.C. – Today, the U.S. Department of Energy (DOE) announced a plan to provide up to $12 million for new research on nuclear data. The aim is to expand and improve the quality of data needed for a wide range of nuclear-related activities from basic research in nuclear science …
The US senate committee on Environment and Public Works (EPW) has approved a bipartisan bill called the American Nuclear Infrastructure Act (ANIA) that, among other provisions, advances the federal initiative to establish a US national strategic uranium reserve. Under the Act, the US Department of Energy will be restricted to only buy uranium recovered from …
