In 2023, U.S. nuclear generators used 32 million pounds of imported uranium concentrate (U3O8) and only 0.05 million pounds of domestically produced U3O8. Imports accounted for 99% of the U3O8 they used in 2023 to make nuclear fuel. Foreign producers predominantly supply the U.S. front-end nuclear fuel cycle, but federal policies have been implemented recently to build out the …
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is excited to announce the commencement of a 43,000 meter (m) exploration drill program to continue to test the extents and growth of mineralization discovered in early 2024 at Patterson Corridor East (PCE) located 3.5 km east of the world-class Arrow Deposit. This systematic program …
Kazakhstan may commence the simultaneous construction of two nuclear power plants (NPPs), Kazakhstan’s Minister of Energy Almassadam Satkaliyev said in response to President Kassym-Jomart Tokayev’s comments on the need to create a nuclear cluster in the country. «Given that the electricity shortage in Kazakhstan is worsening, the country should accelerate the construction of generating capacity and the development of …
U.S.-based critical minerals producer to resume safe ore transport shortly, subject to precautions beyond strict USDOT requirements and aiding the Navajo Nation in the cleanup of abandoned uranium mines resulting from old U.S. government programs. Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (REE), and critical …
The UAE is looking to export its nuclear energy prowess around the world, with a focus on the US — where an artificial intelligence boom is driving growth in power demand. “We want to capitalize on our success,” the CEO of Emirates Nuclear Energy Co. told the Financial Times, noting how the US holds particular appeal given …
Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”), is pleased to announce that its joint-venture partner, Orano Canada Inc. (“Orano”), is planning a substantial 2025 exploration and drilling program at the 49,635 hectare Preston Uranium Project (“Preston” or the “Property”) located in the western Athabasca Basin, Saskatchewan, Canada. The drilling program will consist of approximately 6,000 …
Sprott CEO John Ciampaglia remains bullish on the uranium markets, citing rising term prices, increased utility interest and the global nuclear renaissance fueled by clean energy needs and AI-driven power demands. Ciampaglia expects uranium prices to strengthen as pent-up demand grows, driven by reactor life extensions, new builds and geopolitical supply disruptions. Video Transcript John …
EDF has signalled that Britain’s fleet of ageing nuclear power plants can keep running into the next decade amid a scramble to hit Ed Miliband’s clean power targets. The company on Monday said it aimed to “maximise output” from the remaining gas-cooled nuclear reactors to “2030+”, providing this can be agreed with regulators. It is the …
Constellation Energy, Vistra Corp., Talen Energy and GE Vernova tumbled in early trading as China’s DeepSeek AI lab debuted, scaring investors with a lower-cost business model. Constellation, Vistra and GE Vernova were leading the S&P 500 this year as investors speculated on AI’s power needs. Now, the arrival of DeepSeek is raising questions about how …
Cameco (TSX: CCO; NYSE: CCJ) was informed by our partner, National Atomic Company Kazatomprom JSC (Kazatomprom), and Joint Venture Inkai LLP (JV Inkai) that the Inkai operation has resumed production. Cameco and Kazatomprom are now working with JV Inkai to determine the impact of the production suspension on the operation’s 2025 production plans. Kazatomprom holds a …
