T.EFR Announces Q2-2024 Results Including Uranium Mining and Successful Commissioning of Commercial Rare Earth Separation

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”), an industry leader in uranium and rare earth elements (“REE“) production for the energy transition, today reported its financial results for the quarter ended June 30, 2024. The Company previously announced details for its upcoming August 5, 2024 earnings call, which are also included in this news release. …

Majority of Americans support more nuclear power in the country

A majority of U.S. adults remain supportive of expanding nuclear power in the country, according to a Pew Research Center survey from May. Overall, 56% say they favor more nuclear power plants to generate electricity. This share is statistically unchanged from last year. But the future of large-scale nuclear power in America is uncertain. While Congress recently passed a bipartisan …

T.CCO warns that Kazakhstani uranium may become less attractive if the country raises taxes

According to Tim Gitzel, CEO of Cameco, a large uranium producer from Canada, uranium production in Kazakhstan could become less attractive once a new calculation and collection methodology for the Mineral Extraction Tax (MET) is introduced in 2025. The prime cost for uranium production in Kazakhstan has long been considered low but may rise after the …

US nuclear policy gains boost fuel supplier T.CCO as Q2 earnings jump 157%

The Canadian uranium producer sees long-term order growth as clean energy demand rises and U.S. nuclear operators seek alternatives to Russian supplies. Recent U.S. policy developments such as the July enactment of the ADVANCE Act and the U.S. Department of Energy’s June funding commitment for small modular reactor development, are among the longer-term tailwinds for Cameco’s North …

Florida’s Byron Donalds announces major legislative push for nuclear energy

Florida Republican Rep. Byron Donalds announced his “Summer 2024 Nuclear Push,” composed of 10 aspects in a bid to promote nuclear energy in the U.S. That includes six pieces of legislation and four letters to “leaders of top international institutions with nuclear financing capabilities.” Below is a list of Donalds’ upcoming legislation: H. RES. 1395 – USA …

T.NXE Provides Updated Economics for the Rook I Project

 NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) announced today an update to the initial capital, sustaining, and operating cost estimates for the Company’s 100%-owned Rook I Project (or “the Project”). The estimated pre-production capital costs (“CapEx”) are Canadian Dollar (“C$”) C$2.2 billion / US Dollar (“USD”) $1.58BN, with an average cash operating cost (“OpEx”) over the …

New York could see electricity demand grow 90% by 2042: ISO

Long-duration batteries, small modular nuclear reactors, hydrogen and fuel cells may be needed to replace 25 GW of fossil generation by 2040. New York’s electricity demand could increase by 50% to 90% over the next two decades, driven by the electrification of heating and transportation and the development of energy intensive projects and industry, the state’s grid …

T.GLO Announces Closing of C$20 Million Private Placement

Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) is pleased to announce the closing of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of C$20,000,000.25.  The Company sold 14,814,815 units of the Company (each, a “Unit”) at a price of C$1.35 per Unit. Red Cloud Securities Inc. (“Red Cloud”) …