A $1.6 billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A debate about protecting strategic resources in Mongolia risks delaying the finalization of the agreement until after elections in June, according to two people …
China has begun construction on the second phase of the Zhangzhou nuclear power project using Hualong One reactors, domestically developed third-generation reactors, in the city of Zhangzhou, east China’s Fujian Province. The first four Hualong One units have been completed and put into operation, according to the China National Nuclear Corporation (CNNC). The Zhangzhou nuclear …
Sprott Inc. (NYSE/TSX: SII) (“Sprott” or the “Company”) today announced its financial results for the year ended December 31, 2023. Management commentary “In 2023, Sprott’s Assets Under Management (“AUM”) increased by $5.3 billion (23%) to $28.7 billion driven largely by strong uranium prices and inflows to our exchange listed products. Much of this growth came …
Mining analyst David Talbot began covering the uranium sector in June 2007 – the same month uranium prices reached their all-time high of US$136 per lb., then rapidly retreated. Prices are once again on the move, rising above US$100 per lb. in January for the first time in over 16 years, but this time Talbot …
Investment banks Goldman Sachs (GS.N), opens new tab and Macquarie (MQG.AX), opens new tab as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosting trading in physical uranium …
2023 drilling campaign included 13 holes for infill and extension at the Huarabagoo uranium deposit. High grade uranium intercepts include: HB23DD002 – 1.5m @ 1,448ppm (0.14%) U3O8 from 74.5m HB23DD004 – 19m @ 519ppm U3O8 from 47m Including 2.00m @ 1,690ppm (0.17%) U3O8 from 53m HB23DD005 – 6m @ 682ppm (0.07%) U3O8 from 50m …
India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don’t produce carbon dioxide emissions, two government sources told Reuters. This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less …
Key Takeaways The resurgence in uranium markets continued into January, with the U3O8 uranium spot price gaining 10.96%, climbing from US$91.09 to $101.08 per pound, marking a crucial milestone. Kazatomprom’s announcement that it would not meet 2024 production increases was the biggest catalyst for the upward trend. The company cut its guidance for 2024 production …
The manufacturing firm is one of several participating in a Digital Catapult programme looking at industrial applications for quantum computing Rolls-Royce plans to use quantum computing to figure out how to run nuclear power plants remotely. Through the Quantum Technology Access Programme (QTAP), the manufacturer aims to build small, autonomous nuclear reactors that could operate safely …
Utah Associated Municipal Power Systems couldn’t bring its plans for the Carbon Free Power Project to fruition, but its CEO/General Manager Mason Baker hopes the lessons his agency learned in trying to bring a first-of-its-kind small-modular reactor facility online will pay dividends for those who follow. Baker addressed the Leadership In Nuclear Energy Commission on …