Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains. Terra Capital’s Matthew Langsford, Segra Capital’s Arthur Hyde, Argonaut Capital Partners’ Barry Norris and Anaconda Invest’s Renaud Saleur are among managers building bets on uranium companies such as Cameco Corp., Energy Fuels Inc., Ur-Energy Inc. …
Cameco (TSX: CCO; NYSE: CCJ) has signed a uranium supply agreement with China Nuclear International Corporation, a subsidiary of China National Nuclear Corporation (CNNC), one of the country’s largest nuclear power operators. The contract, finalized earlier this year, was marked as part of the 2023 International Forum on Natural Uranium Industry taking place in Beijing. “China …
The Krško nuclear power plant was shut down in early October after the discovery of a leak in the primary circuit connection system pipeline. Operator Nuklearna elektrarna Krško (NEK) says that following further investigation and analysis, a decision has been taken replace the complete pipeline segment from the reactor vessel to the first valve. The …
The decision by the regional authorities to determine the territorial scope – on both land and sea – of Poland’s first nuclear power plant in the Lubiatowo-Kopalino site in the Choczewo municipality in Pomerania means that Polskie Elektrownie Jądrowe (PEJ) has received the right to use the area for preparatory work. The proposed plant, to be built on …
French utility EDF warned on Thursday of extra outages at its Cattenom 1 (1.3 GW) and 2 (1.3 GW) reactors to save about six months worth of fuel before their next scheduled refuelling stops in 2025. “As of today Cattenom 1 will have to save a quantity of fuel equivalent to 160 days of full …
Just a few hours after a new Speaker of the House of Representatives was elected on October 25, the White House sent a list of funding priorities for “critical domestic needs” to Congress for consideration as legislators restart the stalled annual appropriations process. Those priorities include $2.2 billion for low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) enrichment capabilities. And to ensure that investment in domestic HALEU enrichment pays off, the White House is also calling for a long-term ban on enriched uranium from Russia. If you build it, the money will come? The Department of Energy …
The renewed licences authorise the company to continue to operate the Key Lake, McArthur River and Rabbit Lake sites. Rabbit Lake’s renewed licence is valid until October 2038, and those for Key Lake and McArthur River until October 2043. Cameco submitted its application for the licence renewals to the Canadian Nuclear Safety Commission (CNSC) last …
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) today provided an update on its current exploration activities and plans for the coming winter season. As the price of uranium continues to rise, Purepoint is placing considerable emphasis on ensuring that it will be able to maximize the 2024 exploration drilling across its considerable portfolio …
Bulgaria has taken the first steps towards the construction of two additional reactors at its Kozloduy nuclear power plant, which will add combined capacity of 2,300 megawatts (MW), Prime Minister Nikolay Denkov said on Wednesday. The energy ministry will begin selection of a contractor for the design, construction and commissioning of the seventh new power …
The Biden administration unveiled on Wednesday a $56 billion domestic spending request that would funnel billions of dollars into disaster response, child care, national security, aid for lower-income Americans and other programs. The supplemental funding request comes a week after the White House asked Congress for $105 billion for a separate national security package that includes military …
