Uranium Price Holds Steady: The uranium spot price has remained range-bound between $85 and $95 per pound,1 and ended the first half at $85.34 (June 30, 2024). Miners Outperform Commodity: Although miners fell in June, they bounced back in early July, outperforming the commodity year-to-date. Tax Hikes Weaken Incentives: Kazakhstan, the world’s largest uranium-producing country, announced a surprise tax …
Officials in India said that country’s energy transition plan will focus on developing small modular nuclear reactors (SMRs), pumped energy storage projects, and more efficient coal-fired power plants. Finance Minister Nirmala Sitharaman, presenting the government’s 2024-2025 budget, noted the latest financial allocations outline a shift in priorities for Prime Minister Narendra Modi. Sitharaman on July …
In a big announcement, the private sector has been allowed to partner in setting up nuclear plants for the first time. India’s atomic energy got a positive nudge today with Finance Minister Nirmala Sitharaman saying, “Nuclear energy is expected to form a very significant part of the energy mix for Viksit Bharat.” India is now …
The purpose of the agreement is twofold – to explore and consider in the medium term co-investment opportunities in the construction of Small Modular Reactor (SMR) nuclear power plants, partly to cover the needs of the steel industry, and to consider opportunities for the medium-long term supply of nuclear energy, primarily by means of the …
IsoEnergy Ltd. (“IsoEnergy”, “ISO” or the “Company”) (TSX: ISO; OTCQX: ISENF) is pleased to announce that it has completed the sale (the “Transaction”) to Jaguar Uranium Corp. (“Jaguar”) of 100% of the issued and outstanding shares (the “Target Shares”) of a wholly-owned subsidiary of IsoEnergy, which holds, indirectly, a 100% interest in the Laguna Salada Project …
The nuclear reactor has been in the works since 2016 and was only began operations in December 2023. In a global first, researchers at Tsinghua University in China have successfully demonstrated a meltdown-proof nuclear fission reactor. The twin reactor design can generate 105 MW of power each and has been in the works since 2016. …
The startup will initially target sites with active Nuclear Regulatory Commission permits, Chief Development Officer Juliann Edwards said. The Nuclear Co. plans to develop a series of nuclear plants in the United States “using proven, licensed technology and a design-once, build-many approach,” the company said on Thursday. The startup will focus on sites that already have some …
Centrus Energy (NYSE:LEU) Corp. (NYSE American:LEU), a company specializing in the mining and quarrying of nonmetallic minerals, has received a partial waiver from the U.S. Department of Energy (DOE), according to a recent 8-K filing. The waiver, issued on Thursday, allows the company to import low enriched uranium (LEU) from Russia for deliveries already committed to …
Uzbekistan is set to develop Central Asia’s first low-power nuclear facility using Russian technology, News.Az reports citing foreign media. Uzbekistan is set to develop Central Asia’s first low-power nuclear facility using Russian technology, News.Az reports citing Kazinform. The building start-up contract was signed by Russian President Vladimir Putin on May 27. Uzbekistan’s Atomic Energy Agency …
Rolls-Royce SMR is first ever UK reactor design to be submitted for consideration Evaluation of potential benefits and detriments is required for in-principle justification of any new nuclear practice The Nuclear Industry Association has applied for a justification decision for Rolls-Royce SMR’s reactor design. Our application makes the case that the benefits of clean, firm, flexible …
