Current events in Niger mean world attention is turning to the West African uranium-producing country. Here is an overview of Niger’s uranium sector. What has happened in Niger? After reports on 26 July that presidential guards had seized Niger’s president, Mohamed Bazoum, General Abdourahmane Tchiani – also known as Omar Tchiani – went on national …
Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) today reported its financial results for the quarter ended June 30, 2023. The Company’s Quarterly Report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission (“SEC“) and may be viewed on the Electronic Document Gathering and Retrieval System (“EDGAR“) at www.sec.gov/edgar.shtml, on the System …
Cameco and Kazatomprom have increased their sales and revenue guidance for 2023 upwards as market fundamentals continue to improve. The Kazakh uranium producer increased its 2023 sales guidance in its half-year trading update on 1 August, with group sales volumes increasing from 15,400-15,900 tU to 17,500-18,000 tU. This is due to customers asking to “flex …
The nuclear facility project that is planned for the Kemmerer area has a key issue: it lacks a fuel source. But officials say they now have an answer to that problem. The opening date for TerraPower’s facility, called Natrium, was pushed back two years, from 2028 to 2030, due to the fuel issue. They need a special kind of …
Country reviewing law, with an eye to adding small reactors Atomic energy minister Singh comments in reply to parliament India’s state-controlled nuclear power industry is considering allowing greater participation of private firms, with an aim to developing small modular reactors to help decarbonize industry. The country is reviewing its six-decade-old atomic energy law to allow …
Cameco announces second quarter results; gross profit benefitting from transition to tier-one run rate; full-year revenue outlook increased driven by improving market fundamentals; uranium market is moving toward replacement-rate contracting Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2023, in accordance with International Financial …
SK Inc. has laid out an ambitious plan to invest 23 trillion won (US$17.82 billion) in eco-friendly initiatives by 2025, with a primary focus on “energy transition.” SK Group Chairman Chey Tae-won has shown keen interest in transforming SK’s business landscape from a petroleum-centric structure to one that centers on environmentally friendly energy ventures. Among …
The ECNEC meeting, chaired by Federal Minister for Finance and Revenue Mohammad Ishaq Dar, took place in Islamabad on 27 July (Image: Government of Pakistan Press Information Department) Pakistan’s Executive Committee of the National Economic Council (ECNEC) has formally given its approval to the project to build unit 5 of the Chashma nuclear power plant, …
The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world’s seventh largest producer of the radioactive metal, but a consultancy said prices may rise in coming weeks. The spot price of uranium, widely used for nuclear energy and treating cancer, crept …
China has approved expansion projects at three nuclear power plants, according to a statement from the State Council released on Monday. Six new nuclear power generation units have been approved to expand three existing plants in Shandong province, Fujian province and Liaoning province, according to reporting from state-backed media outlet the Paper. The State Council …
