Russia commits to further floating NPPs

Rosatom and a subsidiary of Kaz Minerals have signed for power supply to the new Baimskaya copper mining project in the Chukotka region of eastern Siberia. Rosatom proposes to use three floating nuclear power plants each employing a pair of the new 55 MWe RITM-200M reactors, a version of which is in service powering icebreakers. A fourth …

Jordan declares uranium plant ‘fully operational’

Jordan has been operating a “pioneering” processing plant to recover yellowcake from uranium ores since the start of the year, the head of the country’s Atomic Energy Commission has announced. Khaled Toukan’s remarks were reported by state news agency Petra and shared by the Jordanian Uranium Mining Company (JUMCO), operator of the plant. JUMCO, which …

New uranium fund begins trading

The newly created Sprott Physical Uranium Trust has begun trading on the Toronto Stock Exchange after Sprott Asset Management LP, a wholly owned subsidiary of precious metals and real assets investments company Sprott Inc, completed a previously announced transaction with Uranium Participation Corporation (UPC). Sprott Asset Management earlier this year entered into a definitive agreement …

China starts construction of demonstration SMR

Construction officially started today of the ACP100 small modular reactor demonstration project at the Changjiang nuclear power plant on China’s island province of Hainan. China National Nuclear Corporation (CNNC) said the project will be the world’s first land-based commercial SMR. The multi-purpose 125 MWe pressurised water reactor (PWR) – also referred to as the Linglong …

ESA reviews COVID impacts on supply and demand

The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report. The report provides an overview of nuclear fuel supply and demand …

US-led initiative aims to lower advanced nuclear construction costs

The US Department of Energy (DOE) is teaming up with GE Hitachi Nuclear Energy (GEH) and providing USD5.8 million in funding for a project to demonstrate how three construction technologies from other industries can be applied to advanced reactor designs, to improve the economics of bringing advanced reactors to market. The Advanced Construction Technology (ACT) …

T.EFR and Neo Performance Materials Announce Contract Signing and Launch of Commercial Shipments of Rare Earth Product to Europe in Emerging U.S.-Based Rare Earth Supply Chain

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels”) and Neo Performance Materials Inc. (TSX: NEO) (“Neo“) are pleased to announce that the first container (approximately 20 tonnes of product) of an expected 15 containers  of mixed rare earth carbonate (“RE Carbonate”) has been successfully produced by Energy Fuels at its White Mesa Mill in …

Cameco, GE Hitachi and Global Nuclear Fuel to Examine Potential Collaboration

Cameco (TSX: CCO; NYSE: CCJ), GE Hitachi Nuclear Energy (GEH) and Global Nuclear Fuel-Americas (GNF-A) have entered into a Memorandum of Understanding to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 small modular reactors (SMRs) in Canada and around the world. “Nuclear power will play a massive role in the …