Uranium prices have quadrupled over the past four years, buoyed by rising demand for nuclear power and supply challenges, but shares of uranium miners and exchange-traded funds have some catching up to do. Interest in uranium, a cornerstone of the nuclear-power industry, has grown along with global efforts to foster clean energy, leading to stronger …
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue. The country will also take stock of existing mining licenses, according to a memo from the mining ministry seen by Bloomberg. Niger is among the world’s top producers of uranium. France’s Orano, Toronto-based Global Atomic and China …
Japan’s liquefied natural gas (LNG) imports fell by 8% to 66.2 million metric tons last year to the lowest since 2009, preliminary data from the Ministry of Finance showed, following nuclear power restarts and increased use of renewable energy. As a result, last year Japan was no longer the world’s biggest LNG importer and was …
Public Service Enterprise Group’s Hope Creek nuclear power plant in New Jersey. US nuclear power plants may have to make changes to their uranium sourcing if federal restrictions on US imports of Russian uranium are passed in Congress. Source: Public Service Enterprise Group Inc. A bill in the US Congress to restrict imports of Russian …
Orano Canada Inc. (“Orano Canada”), and Denison Mines Corp. (“Denison”) (TSX: DML) (NYSE American: DNN), as joint-venture partners in the McClean Lake Joint Venture (“MLJV”), are pleased to announce that the MLJV has approved a restart of uranium mining operations using the joint venture’s patented Surface Access Borehole Resource Extraction (“SABRE”) mining method. Orano Canada owns a 77.5% interest and is …
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) announced today its exploration plans for 2024 with field programs at its two joint ventures and four of its 100% owned projects. All six projects reside in Canada’s Athabasca Basin, the world’s richest uranium district. “The recent news of production shortfalls out of Kazakhstan has highlighted …
Egypt and Russia’s presidents joined a ceremony by videolink to mark the pouring of the first concrete into the foundation slab of El Dabaa unit 4 – a moment which means all four units at the Egyptian nuclear power plant are now under construction. El Dabaa will be Egypt’s first nuclear power plant, and the …
Rosatom’s mining division exceeded its uranium production target by 90 tonnes in 2023, it told its annual Stakeholder Dialogue event. Meanwhile, progress is being made on new mining operations. At the Priargunskoye Industrial Mining and Chemical Union (PIMCU) – the uranium production centre in the Transbaikal/Chita region – heap leaching was used to increase the …
Those seeking selection for the engineering, construction, procurement and commissioning of a new AP1000 unit at the Kozloduy nuclear power plant site by 2035, have until 2 February to respond to an invitation for expression of interest. The initial process is for prequalification of candidates against eligibility and prequalification criteria. The shortlisted candidates will submit …
Denison Mines Corp. (“Denison”) (TSX: DML) (NYSE American: DNN) is pleased to announce the award to Wood Canada Limited (“Wood”), part of the leading global consulting and engineering firm Wood PLC, of a contract for the completion of detailed design engineering for the In-Situ Recovery (“ISR”) mining project planned for Denison’s flagship Phoenix uranium deposit (“Phoenix”). View PDF version Phoenix and the nearby …
