Author: John Dyer

T.UEC Announces Acquisition of UEX Corporation to Create the Largest Diversified North American Focused Uranium Company

By John Dyer   Posted in Equities
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Acquisition Rationale and Highlights: Accretive transaction, doubling of UEC’s uranium resources in world-class, politically stable, uranium mining jurisdictions at only a 13.7% dilution to UEC’s outstanding shares (1) Pro forma UEC will have the largest uranium portfolio focused exclusively in the Americas, located in proven and stable jurisdictions, and combining diversified U.S. production and Canadian development …

Westinghouse Creates and Installs Industry’s First 3D-Printed Fuel Debris Filter for Nuclear Power Plants

By John Dyer   Posted in Nuclear Technology U
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Westinghouse installed its StrongHold® AM 3D-printed nuclear fuel debris filters in two Nordic Boiling Water Reactor (BWR) units – Olkiluoto 2 in Finland, and Oskarshamn 3 in Sweden – to further improve the plants’ operational reliability. Westinghouse created the StrongHold AM filter in close cooperation with plant operators Teollisuuden Voima Oyj (TVO) and OKG. The …

South Korea bets big on small reactors in return to nuclear

By John Dyer   Posted in Nuclear Attitude Reactors U
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SK, Samsung see opportunities in President Yoon’s pro-nuclear pivot South Korean industrial giants like SK and Samsung are stepping up operations in nuclear power, zeroing in on small, easier-to-build reactors, as the country pivots back to nuclear energy under a new president. SK announced in May a wide-ranging partnership with Bill Gates-founded startup TerraPower with a …

Korean reactor starts supplying electricity

By John Dyer   Posted in Reactors U
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Unit 1 of the Shin Hanul nuclear power plant in South Korea was connected to the electricity grid for the first time on 9 June, Korea Hydro & Nuclear Power (KHNP) announced. The unit – the first of two APR-1400 reactors at the site – is scheduled to enter commercial operation later this year. Ground …

Aging Fukui nuclear unit to restart in Aug., 2 months early

By John Dyer   Posted in Existing Fleet Nuclear Attitude U
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An aging nuclear reactor in central Japan’s Fukui Prefecture will resume operating in August, about two months earlier than scheduled, with the unit expected to help ease tight electricity supply conditions during the busy summer season, its operator said Friday. After being offline for about 10 years, Kansai Electric Power Co.’s Mihama No. 3 reactor …

Kazakhstan decides on site for construction of nuclear power plant – Tokayev

By John Dyer   Posted in Pending Reactors U
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Kazakh authorities have decided on the site for the construction of a nuclear power plant and are studying the technologies of potential suppliers, the country’s President Kassym-Jomart Tokayev said on Thursday. The president made the remarks while speaking at a meeting of the Foreign Investors’ Council, News.Az reports citing TASS. He noted that Kazakhstan has a number …

Pentagon chooses design for ‘Project Pele’ portable nuclear reactor prototype

By John Dyer   Posted in Nuclear Technology U
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The Pentagon selected BWXT Advanced Technologies to build a prototype of a mobile nuclear reactor that will demonstrate the utility of a portable alternate energy source to support military operations in austere locations. The U.S. Department of Defense’s Strategic Capabilities Office last year selected Lynchburg, Virginia-based BWXT and X-energy, a nuclear reactor company based in …

V.PTU Initiates Program at 100% Owned Russell South Project

By John Dyer   Posted in Equities
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Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) today announced the commencement of an airborne gravity/magnetic survey over their Russell South Uranium Project which lies on the south-central edge of the Athabasca Basin, Saskatchewan Canada. “The Russell Lake project is within a favourable geologic area since it’s close to the southern edge of the …

Varcoe: Nuclear power could be ‘holy grail’ for oilsands, says Cenovus CEO

By John Dyer   Posted in Nuclear Attitude Nuclear Technology U
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Cenovus CEO Alex Pourbaix speaks at a news conference on Thursday, January 30, 2020. PHOTO BY AZIN GHAFFARI/POSTMEDIA ‘If we’re able to commercialize small modular reactors, you could see a scenario where you could completely decarbonize the upstream in Alberta’ Nuclear power, meet the oilsands. As oilsands operators build a blueprint to reach net-zero emissions by …

T.UEC Receives $18 Million and 25 Wyoming ISR Projects Related to the Uranium One Acquisition, and Applauds the Biden Administration for its Proposed Plan to Transition Away from Russian Nuclear Fuel Supply

By John Dyer   Posted in Equities
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Uranium Energy Corp (NYSE American: UEC) (the “Company” or “UEC”) is pleased to report that it has closed a series of transactions with Anfield Energy Inc. (“Anfield”) pursuant to which Anfield has settled $18.34 million of indebtedness (the “Anfield Indebtedness”) owing to UEC.  The Company received the Anfield Indebtedness through its $112 million acquisition of …