Cameco (TSX: CCO; NYSE: CCJ) announced today that it is implementing a number of temporary operational changes at its fuel services division facilities in Ontario. The changes are due to the increasing challenge of maintaining an adequate workforce as a result of screening protocols and other measures put in place to align with the directives …
Cameco (TSX: CCO; NYSE: CCJ) responded to the announcement issued today by JSC National Atomic Company “Kazatomprom” (Kazatomprom) that it is reducing operational activities across all of its uranium mines for an expected period of three months due to the risks posed by the Coronavirus (COVID-19) pandemic. According to Kazatomprom, this decision will result in …
FISSION URANIUM CORP.(“Fission” or “the Company”) is pleased to announce the closing of a US$10 million senior secured credit facility (the “Facility”) with Sprott Resource Lending II (Collector) L.P. (“Sprott”) subject to the terms and conditions set forth in the credit agreement (the “Credit Agreement”). Fission will use the proceeds from the Facility to fund …
JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces the following update related to the impact of the COVID-19 outbreak on the Company’s business. “As the impact of COVID-19 continues to be felt around the world, Kazakhstan has taken strong steps to slow the spread of the virus,” said Galymzhan Pirmatov, chief executive officer …
To swap out the spent uranium rods, hundreds of technicians from around the country must work in close quarters for weeks. That’s a challenge during a quarantine. EACH SPRING, NEARLY 1,000 highly specialized technicians from around the US descend on the Palo Verde Nuclear Generating Station near Phoenix, Arizona, to refuel one of the plant’s three nuclear …
Last month, TerraPower’s President and CEO Chris Levesque testified before the House Energy and Commerce Committee about what the country and the world must do to transition to a clean energy economy. As an American company, TerraPower has a duty to innovate in clean energy, a duty that has been reinforced in these trying times. …
Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, …
Russia’s Ministry for Economic Development last week published a draft strategy for low-carbon development to 2050. The strategy’s basic scenario would see nuclear output grow from 203 TWh in 2017 to 225 TWh in 2030 and 260 TWh in 2050. The ministry said the strategy, which is open to comments until 10 April, is aimed at …
IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to report additional assay results from the winter 2020 drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company’s 100% owned Larocque East property (the “Property”) in the Eastern Athabasca Basin of Saskatchewan. …
The collapse in economic activity from the coronavirus pandemic has hit the price of most industrial metals and minerals, but uranium is bucking the trend. The price of the radioactive material, used in nuclear power stations to generate electricity, has risen 14 per cent in the past two weeks to $27 per pound, breaking out of …
