Uranium developers say supply jolt is boosting new projects

ranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts. Recent talks with prospective buyers have signaled there’s additional interest in new off-take agreements and that’s likely to increase after Kazakhstan’s State-run miner Kazatomprom lowered its production guidance earlier this month, according …

Westinghouse begins UK licensing process for AP300

The company has formally submitted an application to the UK Department of Energy Security and Net Zero for approval to enter the Generic Design Assessment (GDA) for the AP300 small modular reactor. Westinghouse is one of six small modular reactor (SMR) suppliers shortlisted in October 2023 to bid for support from the UK government as …

T.FCU Closes $75 Million Bought Deal Financing

FISSION URANIUM CORP. (” Fission ” or the ” Company “) is pleased to announce that it has closed its previously announced “bought deal” public offering consisting of 63,560,000 common shares of the Company (the ” Common Shares “) at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the ” Offering “). Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on …

Japan demonstrates floating seismic isolation system for SMRs

A team led by the Japan Atomic Energy Agency has concluded a series of large-scale demonstration tests for an innovative new floating seismic isolation system intended for pairing with small modular reactors to enable siting feasibility, including in areas of high seismicity. The series of tests – which ran from 29 January to 9 February …

Russia-India Protocol Signed For 2Nd And 3Rd Phase Construction Of KNPP

Alexey Likhachev, Director General of the Rosatom State Corporation and Ajit Kumar Mohanty, Chairman of the Atomic Energy Commission of India visited the construction site of the Kudankulam NPP in India recently. During the visit, a protocol to the Russia-India intergovernmental agreement was signed on construction of power units at the second and third stages …

Gretchen Whitmer seeks another $150M to restart Palisades nuclear plant

Gretchen Whitmer and other lawmakers now want to repower the plant, which once provided 800 megawatts daily of carbon-free electricity (Bridge photo by Kelly House) Gov. Gretchen Whitmer’s budget proposal includes another $150 million  to help reopen a shuttered nuclear plant The proposed subsidy comes on top of $150 million approved last year Federal officials …

V.ISO Completes C$23 Million Bought Deal Private Placement

IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSXV: ISO; OTCQX: ISENF) is pleased to announce that it has closed its previously announced “bought deal” brokered private placement announced on January 18, 2024, pursuant to which the Company sold 3,680,000 federal flow-through common shares of the Company (the “Premium FT Shares”) at an offer price of C$6.25 per …

T.LAM Assay Results from Long Pocket and Black Hills Prospects Support Expansion Potential at Westmoreland

2023 Drilling campaign included 15 holes at Long Pocket and 3 holes at Black Hills uranium prospects. All Black Hills exploration drill holes return significant mineralisation: BH23DD001 – 3.0m @ 259ppm U3O8 from 29m depth BH23DD001 – 6.05m @ 218ppm U3O8 from 120.12m depth Including 0.98m@ 505ppm U3O8 from 120.12m BH23DD002 – 2.0m @ 591 ppm (0.06%) U3O8 from 209m Including 0.9m @ 1154ppm U3O8 from 210.1m BH23DD003 – 3.0m @ 1844ppm (0.18%) U3O8 from 88m Including 2.00m @ 2671ppm (0.27%) U3O8 from 89m Assay results …