Constellation issues first US nuclear green bond

Constellation Energy has issued the first corporate green bond in the USA that can be used to finance nuclear energy projects. The company will use proceeds from the USD900 million, 30-year term offering, for investments such as maintenance, uprates and life extensions of its nuclear power plants. A green bond is a financial instrument that …

Haiyang 3 containment takes shape

The walls of the containment building of unit 3 at the Haiyang nuclear power plant in China’s Shandong province are now in place following the installation of the third cylinder ring, the Shanghai Nuclear Engineering Research and Design Institute (SNERDI) announced. The steel containment shell is an important part of the nuclear island reactor building …

T.GLO Reports on the Announcement by Niger to Terminate Military Cooperation With the United States

Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) reports that the Republic of Niger announced its intention to terminate its military cooperation agreement with the United States, which has a large military base in Niger.   It remains unclear if a withdrawal of US troops will be required by Niger, …

V.GXU’s Madaouela Uranium Project Progressing Ahead with Commencement of Front End Engineering Designs

GoviEx Uranium Inc. (TSXV: GXU) (OTCQX: GVXXF) (“GoviEx” or “Company“), is pleased to announce progress at its Madaouela Uranium Project in Niger (“Madaouela Project“) , following the appointment of SGS Bateman (Pty) Limited for the commencement of Front-End Engineering Designs. The Project is also moving forward with initial ground works, including the construction of an access road, which is planned …

Uranium Bull Market Takes a Healthy Pause (T.U.UN)

Uranium markets experienced a correction in February; this followed a rapid run-up and, in our view, represents a healthy pause in the ongoing uranium bull market. Kazatomprom walked back planned production increases for 2024 and provides no guidance for 2025. Cameco (the world’s largest public uranium producer) reported 2023 production slightly below revised guidance (17.6 …

Uranium mining has long divided Western Australia, but industry observers say a viable trade could be established

Western Australia is renowned for exporting a range of minerals from iron ore to gold, but one commodity, uranium, regularly sparks fierce protests from the community. The debate was reignited in recent days when Liberal leader Libby Mettam said her party would legalise uranium mining if they won the 2025 WA election, overturning a state …

Top uranium producer expects ‘modest’ production growth this year

Kazatomprom, the world’s largest producer of uranium, said Friday there will be modest production growth this year as it reported swelling profits. Kazatomprom KZAP, -1.42% NATKY, -0.53% said its annual profit rose 23% to 570 billion Kazakhstani tenge ($1.27 billion), on a 43% jump in revenue to 1.44 trillion tenge. The company said its sales growth was faster than the …

Taiwan Can’t Shake Its Nuclear Ghosts

The island’s resistance to a dependable—and desperately needed—source of energy has been shaped by a covert history. After a contested race, the people of Taiwan have elected current Vice President Lai Ching-te to be their next president. The result keeps the Democratic Progressive Party, which broadly favors Taiwanese sovereignty and closer ties with the United …