Egyptian PM Madbouly Aims to Complete First Nuclear Power Plant on Schedule

Egyptian Prime Minister Mostafa Madbouly said that Egypt seeks to complete the first stage of the construction of El-Dabaa Nuclear Power Plant, built by Russia’s State Atomic Energy Corporation Rosatom, as scheduled due to the project’s strategic importance. Egyptian Prime Minister Mostafa Madbouly said that Egypt seeks to complete the first stage of the construction …

Paladin’s T.FCU acquisition faces extended review in Canada

Australian mining company Paladin Energy’s proposed acquisition of Canadian mining company Fission Uranium has been postponed due to the extension of the national security review period in Canada until 30 December 2024. The review, conducted by the Minister of Innovation, Science and Industry under the Investment Canada Act, was expected to close in the September …

T.FCU Announces Minister’s Extension of National Security Review of Plan of Arrangement

FISSION URANIUM CORP . (TSX: FCU) (OTCQX: FCUUF) (” Fission ” or the ” Company “) announces that it has received a notice from the Minister of Innovation, Science and Industry (the ” Minister “) extending the national security review period until December 30, 2024 of the previously announced plan of arrangement (the ” Arrangement “) with Paladin Energy Limited (” Paladin “) under section 25.3 of the Investment Canada …

T.NXE Achieves Major Permitting Milestone

The Canadian Nuclear Safety Commission (“CNSC”) has notified NexGen of successful completion of final Federal technical review. This is the key requirement to scheduling a Federal Commission Hearing date and subsequent Federal Project approval decision. The Federal Environmental Assessment (“EA”) and License represent the final major approval steps after having received Provincial EA approval in November …

V.PTU Increases Private Placement to $2,200,000

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company“) announced that it has increased the offering size of the non-brokered private placement, previously reported on October 22, 2024, from $2,000,000 to $2,200,000 (the “Offering“) to accommodate strategic new shareholders. The Company also announced that, effective tomorrow (November 20, 2024), its common shares …

Kenya Moves Closer to Nuclear Power, Preparation for Plant Construction Begins

Kenya is on track to establish its first nuclear power plant by 2034, with the Nuclear Power and Energy Agency (Nupea) confirming that the country is now in the final phase of the project. Winnie Ndumbai, Nupea’s Director of Strategy and Planning, shared this update during a session with the Senate Energy Committee, chaired by …

Centrus says Russia canceled TENEX’s licence to export low-enriched uranium to US

Nuclear fuel supplier Centrus Energy said on Monday it has received a notice from Russia’s TENEX that its government passed an order, which canceled its licence to export low-enriched uranium to the US, effective through Dec. 31, 2025. Shares of Centrus were down 4.3% at $73.14 in trading after the bell. world’s largest supplier of …

Russia Temporarily Limits Nuclear-Fuel Shipments to US

Enriched uranium needed in reactors supplying 19% of US power Russia says it’s responding to US law curbing uranium imports Russia is temporarily limiting exports of enriched uranium to the US, creating potential supply risks to utilities operating American reactors that generate almost a fifth of the country’s electricity. The Russian government didn’t provide details …