NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering“) of US$110 million aggregate principal amount of unsecured convertible debentures (the “Debentures“) with Queen’s Road Capital Investment Ltd. (“QRC“) and Washington H Soul Pattinson and Company Limited (“WHSP“). NexGen currently has …
Poland’s General Director for Environmental Protection (GDOŚ) has issued to Polskie Elektrownie Jadrowe (PEJ) its decision on the environmental conditions for the construction of a nuclear power plant in the province of Pomerania. PEJ, the Polish government company that is progressing its policy to deploy up to six reactors at multiple sites in the country …
The Italian government has launched the National Platform for Sustainable Nuclear Power, which will lead within nine months to developing guidelines for possibly reintroducing nuclear power among national energy sources. Thursday (21 September) saw the first meeting of the National Platform for a Sustainable Nuclear, set up by the government to define a time frame …
Nuclear will be needed to help decarbonise the shipping industry – whether by having nuclear-powered ships or using nuclear to produce alternative fuels – a conference organised by Core Power has heard. However, speakers noted that regulatory issues must be resolved before this can happen. The shipping industry consumes some 350 million tonnes of fossil …
Conflicts and resurgent demand combine to radioactive effect When russia invaded Ukraine, panic gripped Europe’s nuclear experts—the civilian variety, that is. Ukraine, where 15 reactors relied on Russia for their uranium, rushed to sign an unusually long 12-year deal with Canada. European utilities, also reliant on Russia, drew the maximum they could under other contracts. Most …
Many of the new nuclear reactors under development are designed to run on uranium at enrichments as high as 15%-19.75%, known as high-assay low-enriched uranium (HALEU), rather than traditional Light Water Reactor (LWR) technology, which typically uses uranium enriched to 3%-5%. The only commercial source of HALEU, however, is Russia. The invasion of Ukraine, and Russia’s …
Nuclear will be essential for the world to accelerate its transition away from fossil fuels, US Special Presidential Envoy for Climate John Kerry said at a New York summit this week. He also praised the recently launched Net Zero Nuclear Initiative – which has now welcomed GE Hitachi Nuclear Energy (GEH) as its first corporate …
The Canadian Minister of Energy and Natural Resources Jonathan Wilkinson has announced CAD3 billion (USD2.2 billion) of export financing to Nuclearelectrica to support the building of two CANDU-6 reactors at the Cernavoda nuclear power plant in Romania. The agreement was announced by Wilkinson alongside Sebastian Burduja, Romania’s Energy Minister, in Ottowa. He said it would …
The loading of fuel has been completed at unit 2 of the Shin Hanul nuclear power plant, Korea Hydro & Nuclear Power (KHNP) announced. The unit – the second of two APR1400 reactors at the site – is expected to enter commercial operation in about six months’ time following the completion of test runs. Shin …
Uranium prices are likely to extend a blistering rally and end the year more than 50% higher as mounting worries over climate change accelerate a global shift to cleaner sources of energy including nuclear power, analysts said. Uranium spot prices are expected to climb to $75-$80 a pound by end-December, in a fitting finish to …
