Kwarteng advances plans for funding new nuclear projects, including Sizewell C

Significant progress towards implementing a new funding model which will give nuclear projects the financial support they need and attract private investment. Progress made towards securing finance for proposed Sizewell C nuclear power station in Suffolk government publishes case for company operating Sizewell C to receive funding under Regulated Asset Base (RAB) model, bringing new …

T.UEC Files Fiscal 2022 Q3 Quarterly Report

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to report, in accordance with NYSE American requirements, the filing of the Company’s quarterly report on Form 10-Q for the nine months ended April 30, 2022 with the U.S. Securities and Exchange Commission (the “SEC”).  This Form 10-Q filing, which includes the Company’s …

Turkey’s first nuclear power facility will begin operations in 2023

Turkish Minister of Electricity and Natural Resources Fatih Donmez said on Tuesday that Turkey’s first nuclear reactor and newly found Black Sea gas deposits will begin producing energy next year. Donmez made the statements while in Istanbul for the NATO Parliamentary Assembly’s Mediterranean and Middle East Special Group conference. Donmez was cited as speaking by …

Netherlands ‘taking steps’ towards new nuclear plants

The Dutch government is “taking steps” towards the construction of two new nuclear power plants, according to a national energy system plan outlined last week. According to the outline published on Friday, a scenario study is being conducted into the relationship between various types of CO2-free capacity and how nuclear energy can be integrated into …

V.SYH Resources Commences Airborne Gravity Geophysical Survey at South Falcon Point Uranium Project, Saskatchewan

 is pleased to announce that it has commenced an airborne gravity geophysical survey (the “Survey”) at its 44,470 hectare South Falcon Point Uranium Property (the “Property”) located just outside the Athabasca Basin 48 kilometres east of the Key Lake Mill. The 100% owned South Falcon Point Property is host to a near-surface NI 43-101 inferred …

T.UEC Announces Acquisition of UEX Corporation to Create the Largest Diversified North American Focused Uranium Company

Acquisition Rationale and Highlights: Accretive transaction, doubling of UEC’s uranium resources in world-class, politically stable, uranium mining jurisdictions at only a 13.7% dilution to UEC’s outstanding shares (1) Pro forma UEC will have the largest uranium portfolio focused exclusively in the Americas, located in proven and stable jurisdictions, and combining diversified U.S. production and Canadian development …

Westinghouse Creates and Installs Industry’s First 3D-Printed Fuel Debris Filter for Nuclear Power Plants

Westinghouse installed its StrongHold® AM 3D-printed nuclear fuel debris filters in two Nordic Boiling Water Reactor (BWR) units – Olkiluoto 2 in Finland, and Oskarshamn 3 in Sweden – to further improve the plants’ operational reliability. Westinghouse created the StrongHold AM filter in close cooperation with plant operators Teollisuuden Voima Oyj (TVO) and OKG. The …

South Korea bets big on small reactors in return to nuclear

SK, Samsung see opportunities in President Yoon’s pro-nuclear pivot South Korean industrial giants like SK and Samsung are stepping up operations in nuclear power, zeroing in on small, easier-to-build reactors, as the country pivots back to nuclear energy under a new president. SK announced in May a wide-ranging partnership with Bill Gates-founded startup TerraPower with a …

Korean reactor starts supplying electricity

Unit 1 of the Shin Hanul nuclear power plant in South Korea was connected to the electricity grid for the first time on 9 June, Korea Hydro & Nuclear Power (KHNP) announced. The unit – the first of two APR-1400 reactors at the site – is scheduled to enter commercial operation later this year. Ground …

Aging Fukui nuclear unit to restart in Aug., 2 months early

An aging nuclear reactor in central Japan’s Fukui Prefecture will resume operating in August, about two months earlier than scheduled, with the unit expected to help ease tight electricity supply conditions during the busy summer season, its operator said Friday. After being offline for about 10 years, Kansai Electric Power Co.’s Mihama No. 3 reactor …