Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) today announced the closing of its previously announced non-brokered private placement (the “Private Placement”). In connection with the closing, the Company issued 48,642,857 flow-through units (“Flow-Through Units”) at a price of $0.07 per unit for aggregate gross proceeds of $3,405,000. Each Flow-Through Unit …
The demonstration High Temperature Gas-Cooled Reactor-Pebble-bed Module (HTR-PM) at the Shidaowan site in Shandong province of China has reached its initial full power with “stable operation under the mode of ‘two reactors with one machine’”. The plant features two small reactors that drive a single 210 MWe turbine. It is owned by a consortium led …
France’s EDF (EDF.PA) aims to start corrosion repairs at its Penly 2 nuclear reactor in mid January, pending regulatory approval of its plans next week, as the power utility battles to recover from an unprecedented number of outages. The news comes as the state-owned utility ramps up three reactors following repairs, just as a cold snap tests Europe’s resolve …
The Netherlands is planning to build two new nuclear power plants by 2035, which should supply up to 13% of the country’s total electricity production by then, the Dutch government said on Friday. The power plants need to play an important role in the country’s energy transition, as the Netherlands aims to make its power …
Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce highly successful results from long-term core leach metallurgical testing completed to further support the Feasibility Study (“FS”) underway for the Phoenix In-Situ Recovery (“ISR”) uranium mining operation proposed for the Company’s 95% owned Wheeler River project (“Wheeler River” or the “Project”). View PDF …
NTPC Ltd., India’s top power producer, is planning to build a massive nuclear fleet that’ll aid the nation’s push to shift away from coal and curb emissions to hit net-zero by 2070. The state-run company aims to install 20 to 30 gigawatts of nuclear capacity by 2040, according to a person familiar with the plans, …
Georgia Power today announced the completion of cold hydro testing for Vogtle Unit 4 at the nuclear expansion project near Waynesboro, Ga. The completion of cold hydro testing is required to support the last major test remaining for Unit 4, hot functional testing, which is projected to commence by the end of the first quarter of 2023. …
India plans to build more nuclear power plants to increase the production of clean energy, the government said on Wednesday. The government has approved five new sites for nuclear power plants and given the financial go-ahead to build 10 700-MW pressurized heavy water reactors, the statement said. Source: Reuters
X Energy Reactor Co., a developer of small modular nuclear reactors and fuel technology, is merging with a special purpose acquisition company backed by private equity firm Ares Management Corp., X-energy announced Tuesday. The deal would establish a combined publicly traded company valued at $2 billion. The company will receive about $1 billion in cash in …
IsoEnergy Ltd. (TSX-V: ISO) (“IsoEnergy” or the “Company”) is pleased to announce that it has closed its previously announced $18.3 million financing comprised of: $6 million raised through the issuance of 1,801,802 common shares to NexGen Energy Ltd. (TSX: NXE)(NYSE: NXE)(ASX:NXG) (“NexGen”), at a price of $3.33 per share; US$4 million (approximately C$5.3 million) raised through the …
