V.PTU Begins Drill Program at Red Willow

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) announced today the commencement of drilling at its 100%-owned Red Willow project within the eastern uranium mine district of the Athabasca Basin, Saskatchewan, Canada. “At our Osprey Zone and the nearby Radon Lake Zone, we are continuing to follow-up on significant uranium signatures identified across much …

French bill on accelerating nuclear new build progresses to Senate

The French Senate has begun discussing a bill aimed at accelerating procedures related to the construction of new nuclear facilities near existing nuclear sites and to the operation of existing facilities. In February last year, President Emmanuel Macron proposed the construction of six new EPR2 reactors, with an option for a further eight EPR2 reactors …

U.U Report Key Trends for 2023 and December Recap

Performance as of December 31, 2022 Asset 1 MO* 3 MO* Year 2022 U3O8 Uranium Spot Price 1 -2.27% 0.12% 14.74% Uranium Mining Equities (Northshore Global Uranium Mining Index) 2 -4.87% -2.44% -11.42% Commodities (BCOM Index) 3 -2.80% 1.18% 13.75%  U.S. Equities (S&P 500 TR Index) 4 -5.76% 7.56% -18.11% U.S. Bonds  (Bloomberg Barclays US Agg Total Return Value Unhedged USD Index) 5 …

T.LAM Resources Ltd. Announces Proceeds from Successful Exercise of Warrants

Laramide Resources Ltd. (“Laramide” or the “Company”) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that 17,175,000 or 100% of the outstanding warrants to purchase common shares of the Company that expired on January 16, 2023 with a strike price of 30 cents, have been exercised. All cash amounts expressed in Canadian dollars. Laramide Logo (CNW …

T.FCU Announces Tier 1 Economics for PLS With Feasibility Study: Lower Initial Capex, Increased Mine Life, NPV and IRR

FISSION URANIUM CORP. (“Fission” or “the company”) is pleased to announce the results of a Feasibility Study conducted by Tetra Tech Canada Inc. (“Tetra Tech”) and titled “Feasibility Study on the Patterson Lake South Property” (the “FS”) for its PLS property in Canada’s Athabasca Basin region. These impressive FS results further enhance the robust economics outlined in the …

Mochovce 3 in the next stage of commissioning

After all prescribed physical start-up tests have been performed, Slovenské elektrárne continues with the next phase of commissioning of the Mochovce Unit 3 – the power start-up. Earlier in January, Slovenské elektrárne successfully completed the first stage of commissioning of the new nuclear unit, so-called physical start-up. It included dozens of prescribed tests – pressure …

Korean nuclear suppliers team up for export drive

South Korea’s Ministry of Trade, Industry and Energy (MOTIE) convened a meeting in Seoul with relevant organisations and suppliers to enhance cooperation among members of Team Korea, especially its capacity in nuclear power plant construction. In addition to representatives from MOTIE, the meeting included the CEOs of state-owned enterprises Korea Electric Power Company (Kepco), Korea …

Rolls-Royce SMR delegation holds positive talks about sites in the South West

A senior team from Rolls-Royce SMR has this week visited potential locations for its small modular reactor (SMR) power stations and met stakeholders from communities around the Berkeley and Oldbury nuclear sites.  The visit follows an announcement last year where Rolls-Royce SMR prioritised its first four sites which have the potential to host 15GW of …

California PUC launches rulemaking to consider extension of Diablo Canyon nuclear plant

California regulators on Thursday voted to open a rulemaking to consider extending the operations of the 2.2-GW Diablo Canyon nuclear power plant, the last operational nuclear facility in the state. The rulemaking stems from legislation approved last September, which among other things required the California Public Utilities Commission to issue a decision by the end of this year …