Rising steel prices, interest rates could push NuScale Utah project cost to $100/MWh, but support remains

Rising steel prices, interest rates could push NuScale SMR cost to $100/MWh, threaten UAMPS project NuScale Power Higher steel prices and interest rates are driving up the projected cost of energy from Utah Associated Municipal Power Systems’ planned 462 MW small modular reactor project, multiple municipal utilities have reported. Previous cost estimates were for the project …

V.ISO Announces $15.3 Million Financing

IsoEnergy Ltd. (TSX-V: ISO) (OTCQX: ISENF) (“IsoEnergy” or the “Company”) is pleased to announce that it has reached agreements for a $15.3 million funding package, consisting of a $5 million non-brokered private placement of common shares, a concurrent private placement of $5.3 million in convertible debentures, and a $5 million “bought deal” private placement of …

India’s long-term development strategy sees nuclear expansion

The long-term low-emission development strategy – or LT-LEDS – submitted by India to the United Nations Framework Convention on Climate Change (UNFCCC) includes a three-fold increase in nuclear energy capacity by 2032 and will also explore the potential deployment of small modular nuclear reactors (SMRs). All parties to the Paris Agreement on climate change are …

Macron’s Plan for New Nuclear Reactors Sparks Hiring Drive

Macron’s call for six new plants sparks push for more staff Industry needs to train more welders, electricians, engineers The French nuclear industry, already grappling with the maintenance of its fleet of aging reactors, needs to recruit as many as 15,000 employees annually as President Emmanuel Macron pushes for at least six new plants to …

T.EFR Executes Definitive Agreement to Sell Alta Mesa ISR Project to enCore Energy for $120 Million, Facilitating the Company’s Plans to Accelerate Both Uranium and Rare Earth Production

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”), a leading U.S. producer of uranium and rare earth elements (“REE“), is pleased to announce that it has entered into a definitive agreement to sell three wholly-owned subsidiaries that together hold Energy Fuels’ Alta Mesa ISR Project (“Alta Mesa“) to enCore Energy (“enCore“) for total …

EU Commissioner outlines ‘new conversation’ on nuclear

The conversation around nuclear energy in Europe has shifted and its future now looks very bright, although there are still challenges to overcome, according to EU Commissioner for Energy Kadri Simson. She called for policy-makers, industry and technology leaders to work together to turn opportunity into reality. Opening the 15th European Nuclear Energy Forum, which …

T.GLO Announces Q3 Results

Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) announced today its operating and financial results for the three and nine months ended September 30, 2022. HIGHLIGHTS Dasa Uranium Project In September, the Company completed a 15,000-meter drill program at its Dasa Project that began in Q4 2021, which due …