Key Takeaways Uranium markets posted varied performance in March, with the U3O8 uranium spot price declining 6.84%, from US$94.60 to $88.13 per pound. By contrast, uranium miners and junior uranium miners rose, gaining 1.75% and 2.52%, respectively. One key factor influencing market behavior is the strategic positioning of buyers, who appear to be abstaining from …
Russian environmentalists are sounding the alarm about a radioactive leak threat as floodwaters approach a uranium mine in the region of Kurgan in Russia’s Urals mountains. The Russian Urals region and neighboring northern Kazakhstan have suffered the worst flooding in 80 years amid heavy rainfall exacerbated by large snowfalls, which are melting rapidly as a …
Today, the Canadian Nuclear Safety Commission (CNSC) announced the Commission’s decision that the existing environmental assessment (EA) for the Darlington New Nuclear Project (DNNP) is applicable to the reactor technology selected by Ontario Power Generation (OPG), the General Electric Hitachi BWRX‑300 reactor. The Commission further concluded that it had fulfilled its constitutional responsibility to consult …
The acquisition will include Base Resources’ 100%-owned advanced, world-class Toliara heavy mineral sands project in Madagascar (“Toliara” or the “Project“), which includes a long-life, high-value and low cost monazite stream, produced as a byproduct of primary titanium and zirconium production. Toliara monazite production to be processed at Energy Fuels’ 100%-owned White Mesa Mill (the “Mill“) into separated …
Astronauts living on the Moon will need lots of power – but they can’t take fuel supplies with them. A new generation of miniature nuclear reactors could be the answer. The 1970s TV series Space: 1999 began – like many a sci-fi drama – with a bang. A nuclear explosion tears the Moon out of Earth’s orbit …
GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (“GoviEx” or “Company“) is currently in discussions with the Government of the Republic of Niger regarding the commencement of its mining operations. The Company has received notice that it must commence mining at its Madaouela uranium project (the “Madaouela Project” or “Project“) by 3 July 2024, failing which there is a …
Nuclear power generating capacity in China is expected to continue increasing in the coming years with its share in the country’s energy mix set to keep climbing, according to an industry report. China is expected to further expand its installed nuclear power capacity, which will account for 10% of China’s total power output in 2035, …
Quebec will “one day” have to use nuclear power to achieve its decarbonization objectives by 2050, Minister of the Economy and Energy Pierre Fitzgibbon declared Thursday. Mr. Fitzgibbon anticipates that the issue will be addressed within 18 months, when the government will assess the resources at its disposal to reduce greenhouse gases. “Nuclear power will …
Inflation Reduction Act and infrastructure law funding are supporting new technologies, he said, but the “missing link” is permitting reform. The electric demand growth outlook has shifted, with data centers now expected to drive a surge in demand. This abrupt change is creating one of the biggest challenges facing the power sector, and advanced nuclear …
As Nome stands on the precipice of significant economic transformation, with plans for a massive port expansion already underway, the community is faced with another pivotal decision— whether or not to embrace nuclear microreactors as a part of its future energy strategy. While these projects promise economic growth and opportunities, they also bring challenges and …
