Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) financing for total gross proceeds of CAD $6,370,000. The Private Placement was subscribed for by several strategic institutional investors. The funds will be used for various exploration programs in 2024 including multiple drill programs throughout the …
The price of uranium reached the highest level for almost 17 years on Friday, driven by constrained supply and accelerating demand, against a backdrop of renewed interest in nuclear power. The benchmark contract for uranium oxide which, once enriched, is used as nuclear fuel, rose to $85.75 a pound (around 450 grams) for the first …
Tenex, a Russian state-owned uranium company, is warning American customers that the Kremlin may preemptively bar exports of its nuclear fuel to the US if lawmakers in Washington pass legislation prohibiting imports starting in 2028, according to people familiar with the matter. Tenex’s US subsidiary has told electric companies including Constellation Energy Corp., Duke Energy …
The European Parliament backed the development of small nuclear reactors (SMRs) this week, a move welcomed by EU Energy Commissioner Kadri Simson, who has already called for a rapid turnaround of EU initiatives. Tabled by Slovenian EPP MEP Franc Bogovič, the European Parliament’s initiative report on “small modular reactors” was adopted with 409 votes in favour, 173 …
The US would be required to acquire tons of domestic nuclear-reactor fuel under a provision included in a defense authorization bill passed by Congress. The bill, approved earlier this week by the Senate, cleared the House with a vote of 310-118 Thursday and now needs President Joe Biden’s signature. The nuclear-fuel provision is part of …
Transforming seawater into a viable fuel may sound like a dream, up there with turning water into wine—but there may be something in it. This is the conclusion of a team of researchers from China, who have developed a new way to extract nuclear fuel from the world’s oceans. While nothing to worry about next …
This document confirms and endorses the key principles of the framework agreement signed on 21 July 2023, namely: the commitment by both parties to implement Flexible Long-Term Operation (Flex LTO), with an estimated investment of between €1.6bn and €2bn, and to use their best efforts to restart the nuclear units at Doel 4 and Tihange …
The Korea Atomic Energy Research Institute (Kaeri) and Hyundai Engineering have signed a memorandum of agreement aimed at winning export markets for its small modular reactor (SMR) technology. The agreement was formalised on Monday by Hong Hyun-seong, the chief executive of Hyundai, and Joo Han-gyu, the president of Kaeri. “Together with Hyundai Engineering, we anticipate …
FISSION URANIUM CORP. (” Fission ” or the ” Company “) is pleased to announce the 2024 project development program, advancing towards construction and operation of a mine and mill for its PLS high-grade uranium project in Saskatchewan, Canada . The 2024 program will include submission of the Environmental Impact Assessment (“EIS”), resource expansion, ongoing community engagement, completion of the Front End Engineering …
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) announced today the closing of its previously announced non-brokered private placement (the “Private Placement”). In connection with the closing, the Company issued 76,190,477 flow-through units (“Flow-Through Units”) at a price of $0.0525 per unit for aggregate gross proceeds of $4,000,000. Each Flow-Through Unit consists …
