Newcleo and Naarea launch Gen-IV partnership

France’s Naarea and the UK-headquartered Newcleo have announced a strategic and industrial partnership designed “to support all players in their industrial, technological, scientific and regulatory development” of Generation IV fast neutron reactors. The companies say that the partnership will be open to others to join and said it will focus on key areas where there …

Key safety component installed at Sanmen 3

The first of two core makeup tanks has been successfully hoisted into place at unit 3 of the Sanmen nuclear power plant in China’s Zhejiang province. The tanks are an important part of the CAP1000 reactor’s passive safety system. Each CAP1000 unit contains two water replenishment tanks, A and B. They are mainly used to …

Agreement to advance SMRs in Alberta

The agreement between North American power producer Capital Power Corporation and Ontario Power Generation (OPG) will see the two companies work together to examine the feasibility of developing grid-scale small modular reactors (SMRs) in the province, including possible ownership and operating structures. The feasibility assessment will be completed within two years. At the same time, …

Biden Administration Finalizes a $1.1 Billion Aid Package for California’s Last Nuclear Power Plant

The Biden administration has finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running President Joe Biden’s administration on Wednesday finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running. The funding is a financial pillar in the plan to keep the Diablo Canyon Power Plant producing electricity …

T.FCU to Commence Drilling at PLS High-grade Uranium Project

FISSION URANIUM CORP. (” Fission ” or the ” Company “) is pleased to announce that preparations are underway to commence its ~6,000m winter regional exploration program (see News Release December 06 th , 2023) at the PLS high-grade uranium project in Canada’s Athabasca Basin. Bryson Drilling Ltd. of Archerwill SK , has been contracted to conduct the drilling program. Two diamond drill rigs are now on site and …

Grounded Lithium Executes Strategic Investment with T.DML

Grounded Lithium Corp. (“GLC” or the “Company“) is pleased to announce we entered into a definitive agreement dated January 15, 2024 with Denison Mines Corp (TSX: DML NYSE American: DNN) (“Denison“) whereby Denison has the option to earn up to a 75% working interest in the Kindersley Lithium Project (“KLP“) by funding in aggregate up to $15,150,000 comprised of both cash …

U.UEC Restarting 100% Unhedged Uranium Production in Wyoming

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce that the Company’s Board of Directors has approved restarting uranium production at its fully permitted, and past producing, Christensen Ranch In-Situ Recovery (“ISR”) operations in Wyoming. The recovered uranium will be processed at the fully operational Irigaray Central Processing Plant (“CPP”) with …

‘The squeeze is on.’ Uranium prices hit new record and industry watchers see further to go

This aerial photograph taken on on October 4, 2023, shows the Rooppur Nuclear Power Plant in Rooppur. Bangladesh on October 5 accepted the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow. Uranium prices surged on Monday as fresh supply worries …

Finnish grid operator found in breach of regulation over nuclear reactor

Finnish power grid operator Fingrid acted in breach of market regulation when transferring certain obligations for the power system’s reliability to TVO, owner of the new OL3 nuclear reactor, Finland’s energy authority said on Friday. The OL3 reactor, Europe’s biggest with a capacity to meet around 14% of Finland’s energy demand, began regular output in 2023 after …