Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the three and six months ended June 30, 2022. Management commentary “Assets Under Management (“AUM”) were $21.9 billion as at June 30, 2022, down $1.7 billion (7%) from March 31, 2022 and up $1.5 billion (7%) from December 31, 2021. While our …
Uranium Energy Corp. (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce it has submitted an offer to supply the U.S. Department of Energy – National Nuclear Security Administration (“NNSA”) in response to the U.S. government uranium tender to launch the national Uranium Reserve. The program was designed as a 10 year, $10 billion …
Nearly four decades after the Tennessee Valley Authority abandoned construction of more than half of the nuclear plants it once planned to build, the federal utility is moving forward again with plans to pursue the next generation of nuclear power. The federal utility said Tuesday it has an agreement with a nuclear manufacturer to pursue …
Germany’s last few remaining nuclear reactors could keep operating through the winter even though they are poised to close permanently by the end of this year, according to industry group Kerntechnik Deutschland. It’s possible that the three plants could generate power until spring in what’s known as ‘stretch-out mode’ that allows them to run at …
Finance Minister Christian Lindner has warned that Germany’s gas crisis could spark an electricity shortage. Despite opposition from his Green coalition partner, he is pushing for a delayed phaseout of nuclear power. The Isar-II reactor in Bavaria is due to be decommisioned at the end of the year German Finance Minister Christian Lindner on Sunday called …
Russia’s Rosatom has awarded TSM Enerji the contract to undertake the remaining construction work at the $20 billion nuclear power plant it is building in Akkuyu in southern Turkey, the company said on Saturday. Akkuyu Nukleer, a Rosatom subsidiary that is building four reactors at the site on the Mediterranean, said it had signed the …
The German Environment Minister Steffi Lemke (Greens) has not ruled out the short-term continued operation of the Bavarian nuclear power plant Isar 2. If the ongoing stress test on energy security shows “that Bavaria could actually have a serious electricity or grid problem, then we will evaluate this situation and the options that will then …
Today, Rep. Byron Donalds (R-FL) introduced the National Strategy to Utilize Microreactors for Natural Disaster Response Efforts Act. This legislation seeks to create consultation between the president and various federal government entities to develop a national strategy to utilize clean, reliable, and portable nuclear microreactors—instead of diesel generators—to assist with natural disaster recovery efforts. “Our …
The US Department of Energy (DOE) has issued its Record of Decision on the Final Environmental Impact Statement (FEIS) for the sodium-cooled fast neutron reactor at Idaho National Laboratory (INL). If appropriated by Congress, the Versatile Test Reactor (VTR) would be the first fast spectrum test reactor to operate in the United States in nearly …
UEX Corporation (TSX:UEX) (OTC:UEXF) (“UEX” or the “Company”) announces that it has received an unsolicited non-binding proposal from Denison Mines Corp. (“Denison”) for the acquisition of all of the issued and outstanding common shares of UEX (the “Denison Offer”). The Board of Directors of the Company (the “Board”) has unanimously determined, after consultation with its financial and legal advisors, …