Kazatomprom, the world’s biggest uranium miner, warned that it’s likely to fall short of its production targets over the next two years, adding another risk to supply as demand for the nuclear fuel rebounds. The London-listed company, which is controlled by Kazakhstan’s government via its sovereign wealth fund, said on Friday that shortages of sulfuric …
The government is exploring plans to build a new large-scale nuclear plant, despite concerns about delays to existing projects. Ministers say the project would be the biggest expansion of the sector in 70 years, reducing reliance on overseas supply. The new plant would quadruple energy supplies by 2050, they say. But concerns have been raised, …
Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) corrected the U3O8 off-take sales quantity in today’s earlier news release. Global Atomic has formalized the Letter of Intent announced in October 2023 by signing a Definitive Agreement for the sale of up to 700,000 lbs uranium per annum from the Company’s …
The deadly earthquake that rocked Japan on New Year’s Day shook a nuclear power plant beyond established safety levels, according to a report by Japan’s Nuclear Regulatory Authority. The authority said that the buildings at the Shika nuclear power plant on the Noto Peninsula were made to sustain shaking measured at 918 Galileo units, but the Jan. …
Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQX:SYHBF) (Frankfurt:SC1P) (the “Company”) is pleased to announce plans for an upcoming drill program at its recently optioned 73,294 hectare Russell Lake Uranium Project strategically located in the central core of the Eastern Athabasca Basin of northern Saskatchewan. Skyharbour is planning 5,000 metres of diamond drilling in ten to twelve holes over the next several …
The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter. Uranium has been a hot commodity, and its rally could have a long half-life. Spot prices for triuranium octoxide, the form of the commodity that is widely traded, hit $92.50 a pound on Monday, more than …
Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It …
Global Atomic Corporation (“Global Atomic” or the “Company”) (TSX: GLO, OTCQX: GLATF, FRANKFURT: G12) announced today several corporate updates as the Company advances its Dasa uranium project in the Republic of Niger. Completion of Third Off-Take Agreement Global Atomic has formalized the Letter of Intent announced in October 2023 by signing a Definitive Agreement for the sale …
The UK government has announced it will invest GBP300 million (USD381 million) to launch a high-assay low-enriched uranium (HALEU) programme, making the UK the first country in Europe to launch such a nuclear fuel programme. The UK Department for Energy Security and Net Zero (DESNZ) said the investment will support domestic production of HALEU and …
Several nuclear power projects, including the Jinqimen in Zhejiang province, have received official approval. The Jinqimen project will adopt the “Hualong One”, China’s self-developed third-generation nuclear power technology. The China National Nuclear Corporation (CNNC) will follow the principle of putting safety first, advance construction in a steady and orderly manner in accordance with the highest …
