China begins construction on 2nd phase of Zhangzhou nuclear power project

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 …

T.U.UN Announces Year Ended 2023 Results

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 …

Goldman, hedge funds step up activity in physical uranium as prices spike

 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 …

T.LAM Confirms High-Grade Uranium Expansion Potential at Westmoreland

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 seeks $26 billion of private nuclear power investments

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 …

Uranium Price Returns to Triple Digits (T.U.UN)

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 …

Rolls-Royce looks at viability of quantum computing in nuclear safety

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 …

Failed Carbon Free Power Project can pave the way for future successes in new nuclear

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 …