The world’s second-largest economy is expected to leapfrog France and the US as the top source of atomic power. Within sight of mango and pineapple fields on the Chinese holiday island of Hainan, workers at Linglong One are finishing what will become the world’s first small modular nuclear reactor built for commercial purposes. It’s part of a …
Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the three and six months ended June 30, 2024. Management commentary “We are pleased to report that during the second quarter of 2024, Sprott’s Assets Under Management (“AUM”) reached $31.1 billion, up 6% from March 31, 2024 and up 8% from December …
IsoEnergy Ltd. (“IsoEnergy” or the “Company”) (TSX: ISO; OTCQX: ISENF) is pleased to provide an update on the reopening of the underground and comprehensive work program at the Tony M uranium mine in Utah (“Tony M” or the “Mine”). As announced in a press release on February 29, 2024, the Company made a strategic decision to reopen access …
The reactor removal series at Bruce unit 3 has been completed ahead of schedule thanks to experience gained from previous projects – with the removal of the calandria tubes setting a new record for Candu refurbishment. Bruce 3 is the second unit to undergo Major Component Replacement (MCR). The process involves removing and replacing key …
Uranium explorers are calling on Australian state governments to lift bans on mining the fuel, which is set for a long-term jump in demand as decarbonization spurs a nuclear energy revival. Australia boasts nearly a third of known uranium ore deposits worldwide, but only two of the nation’s eight states and territories — South Australia …
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. …
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 …
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 …
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 …
Rosatom Service JSC (part of the Electric Power Division of Rosatom) has installed test samples in the reactor vessel of unit 2 of the Armenian NPP during the latest scheduled maintenance outage. The resulting data will be used to support the possible extension of the unit’s operational life for another 10 years, until 2036. Tracking …
