Emerging small nuclear reactors may significantly contribute to grid decarbonization by 2050: study

Dive Brief: Small domestic advanced nuclear reactors could play a major role in decarbonizing electricity in the U.S. by providing carbon-free energy, balancing out solar and wind resources, and being installed at shuttered coal and other fossil plants, according to a study released July 6 by the Breakthrough Institute.   These alternatives to large-scale nuclear reactors …

Korean govt on reactor sale pitch arranged 9 MoUs with reactor-related firms in Poland

South Korea’s Industry Minister Lee Chang-yang on a nuclear reactor pitch tour visited Poland after the Czech Republic arranged deals between six Korean and nine Polish companies on reactor projects, according to the trade, industry and energy ministry Friday. The memorandums of understanding involved state entities Korea Hydro & Nuclear Power (KHNP), KEPCO Technology, KEPCO …

US NNSA initiates process to purchase strategic uranium

The US National Nuclear Security Administration (NNSA) has begun the process to initiate the USA’s strategic uranium reserve, issuing a solicitation to purchase up to an estimated one million pounds of domestically-produced U3O8. The solicitation – which is issued as a Request for Proposal (RFP) – is for purchase of uranium “provided by a vendor that has …

Nuclear Power on the Upswing, Numerous Projects Take Shape Around the World

1. The inner containment is one of the main components of the nuclear power plant safety system. It not only protects the reactor compartment, but also supports the polar crane used to service the nuclear reactor. Courtesy: ROSATOM The International Energy Agency (IEA) says momentum is building for nuclear power in many countries amid soaring …

U.U Provides Update on T.UEX holdings

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to provide an update on its holdings of common shares of UEX Corporation (“UEX”).  The Company has acquired 6,844,000 UEX common shares through the facilities of the TSX at an average cost of C$0.3601 per UEX common share.  When added to the 11,627,907 …

V.GXU Uranium Releases Update on the Mutanga Drilling Program and Madaouela’s Feasibility Study

Mr. Govind Friedland reports: Good progress achieved on Mutanga’s infill drilling program with positive results so far Madaouela Feasibility to be completed in Q3 to allow additional optimization and trade-offs Vancouver, British Columbia–(Newsfile Corp. – June 30, 2022) – GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) is pleased to announce an update on its drilling program at …

V.PTU announces adoption of Omnibus Incentive Plan

Purepoint Uranium Group Inc. (TSXV: PTU) (“Purepoint” or the “Company”) is pleased to announce that its proposed adoption of a new omnibus equity incentive compensation plan (the “Omnibus Plan”) was approved by the Company’s shareholders at its annual and special meeting of shareholders held on June 29, 2022 (the “Meeting”). The Omnibus Plan replaced the …

CNNC Sanmen nuclear power plant starts construction on second phase project

The first concrete was poured for unit 3 of the Sanmen nuclear power plant on June 28 in East China’s Zhejiang province, marking the start of the plant’s second phase project. The China National Nuclear Power under the China National Nuclear Corporation (CNNC) has built and put into operation 11 nuclear power units at the Qinshan and Sanmen plants. The …