Nigerien military authorities have withdrawn the operating permit for a large uranium mine from the French company Orano, the company said, significantly escalating tensions between the military junta and the country’s former colonial power. Niger, a landlocked country of 26 million, is the world’s seventh biggest supplier of uranium, used for the production of weapons …
Key Takeaways Uranium Market Consolidation: Thus far in 2024, the uranium spot price has stabilized between $85 to $95 per pound after a significant 88.54% increase in 2023. This phase indicates a healthy correction within a bullish market cycle. Miners’ Catch-Up: Uranium miners have shown improved performance, catching up to gains in the spot price. Long-Term Contracting …
The Army intends to deploy the prototype microreactor nuclear power plant at an installation in the continental U.S. by 2030. If successful, the technology could be used at bases around the globe. The U.S. Army is looking to leverage the recent advancements in nuclear technology to shore up the energy resilience of its bases. As …
Up to 12,000 meters planned across multiple targets within the Westmoreland Conglomerate that crosses Queensland and the Northern Territory Primary aim to expand existing Westmoreland resource; enhancement of project economics targeted Second drill rig arriving in mid-July Maiden resource estimate planned at Long Pocket for year-end Northern Territory Geological Survey awards two exploration grants Laramide …
President Yoon Suk Yeol has announced plans to create a small modular reactor (SMR) industrial hub in the city of Gyeongju in the southeastern corner of South Korea’s North Gyeongsang Province. The government also aims to establish a hub for the hydrogen industry in the province. Speaking at the 26th people’s livelihood debate meeting, held …
China’s first industrial-use nuclear energy steam supply project, at the Tianwan nuclear power plant in China’s Jiangsu province, has entered operation following commissioning tests. The project will supply steam to a nearby petrochemical plant. The project – known as Heqi-1 – was jointly developed by China National Nuclear Corporation (CNNC) subsidiary Jiangsu Nuclear Power Company …
Higher power prices have created opportunities for nuclear operators to serve data centers that locate nearby, S&P Global Ratings said. Data centers could drive 35 GW of incremental load growth through the end of the decade, creating opportunities for existing nuclear generating plants to ink supply deals with nearby facilities, S&P Global Ratings said in a June 10 …
The coalition has lifted the lid on its nuclear plans, presenting a list of potential sites for power stations in a move that could make or break its electoral campaign. With tens of thousands of Australians learning they could be living next to a nuclear reactor, a chorus of opposition grew on social media and …
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) issued a Notice of Intent (NOI) to fund up to $900 million to support the initial U.S. deployments of Generation III+ (Gen III+) Small Modular Reactor (SMR) technologies. This funding—made possible in part by President Biden’s Bipartisan Infrastructure Law—will help strengthen America’s domestic …
This single-stage operation was performed for the second time in the history of the Russian nuclear power industry. On June 18, 2024, the dome was successfully lifted and installed at a single stage on the reactor building of Xudapu NPP power unit No. 4 (China) constructed with involvement of the Rosatom Engineering Division. This single-stage …
